tag:blogger.com,1999:blog-4490468598422095060.post7877237063743301591..comments2024-03-17T07:55:12.096-07:00Comments on FOFOA: Gold, Oil and Money in the Free MarketFOFOAhttp://www.blogger.com/profile/17152544684132776239noreply@blogger.comBlogger34125tag:blogger.com,1999:blog-4490468598422095060.post-29815803613116861052010-04-08T04:33:49.091-07:002010-04-08T04:33:49.091-07:00FOFOA,
I would have to regard this post as the up...FOFOA,<br /><br />I would have to regard this post as the update of 'The King And His Gold' I asked about!<br />Don't know how I missed this one till now.<br />Has effectively filled in the part of the timeline I was missing mentally.<br />Quite different in content from your posts of the last six months or so, and ironically, (as it is a decade old and dealing with the '70s and &capt goodvibeshttps://www.blogger.com/profile/08342954212556128395noreply@blogger.comtag:blogger.com,1999:blog-4490468598422095060.post-32404995733048567802010-02-28T04:07:34.877-08:002010-02-28T04:07:34.877-08:00Ooops crap link above, sorry:
Correct link hereOoops crap link above, sorry:<br /><br /><a href="http://www.bullionvault.com/#sutski123" rel="nofollow">Correct link here</a>ebikeguruhttps://www.blogger.com/profile/09287545925693281736noreply@blogger.comtag:blogger.com,1999:blog-4490468598422095060.post-60532810333054367662010-02-21T07:54:16.126-08:002010-02-21T07:54:16.126-08:00Hi FOFOA, I feel enlightened in many way by readin...Hi FOFOA, I feel enlightened in many way by reading your postings. Many thanks for the big picture view.<br /><br />I am currently hoarding as much bullion as I can!! <br /><br />Principally <a href="http://wwwibullionvault.com/#sutski123" rel="nofollow">I buy gold from here.</a><br /><br />at Bullionvault. I hope this is a good vehicle for private gold bullion ownership? Any thoughts?<br /><br /ebikeguruhttps://www.blogger.com/profile/09287545925693281736noreply@blogger.comtag:blogger.com,1999:blog-4490468598422095060.post-78550586780100885332009-10-30T04:00:09.783-07:002009-10-30T04:00:09.783-07:00This is very nice article and gave good informati...This is very nice article and gave good information.Thanks for the great reading, we buy <a href="http://www.goldcoinsgain.com/gold-bullion-coins.html" rel="nofollow">gold</a> bullion in a recession. I will pass this on to our ira clients to read.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-4490468598422095060.post-90699793389711565672009-10-21T13:10:52.612-07:002009-10-21T13:10:52.612-07:00BTW, that ANOTHER quote came from this page. Here...BTW, that ANOTHER quote came from <a href="http://www.usagold.com/goldtrail/archives/another3.html" rel="nofollow">this page</a>. Here is the time stamp...<br /><br />Date: Sat Mar 21 1998 15:59 <br />ANOTHER (THOUGHTS!) ID#60253:FOFOAhttps://www.blogger.com/profile/17152544684132776239noreply@blogger.comtag:blogger.com,1999:blog-4490468598422095060.post-59068906986371494952009-10-21T13:03:58.425-07:002009-10-21T13:03:58.425-07:00Hello Raptor,
You said, "it is more correct ...Hello Raptor,<br /><br />You said, <i>"it is more correct to think of the bottom/tip of the reverse-pyramid as combination of gold+oil"</i> <br /><br />This is truly insightful. I am impressed. In today's world, this may very well be the case. I don't know if oil will rise in price as much as gold. Who knows. But unless you can get your hands on a physical oil field that&#FOFOAhttps://www.blogger.com/profile/17152544684132776239noreply@blogger.comtag:blogger.com,1999:blog-4490468598422095060.post-82641343739736616922009-10-21T11:38:25.004-07:002009-10-21T11:38:25.004-07:00raptor:
Very insightful..Now my thoughs ;)
After I...raptor:<br />Very insightful..Now my thoughs ;)<br />After I read this and the article about the money pyramid it is seems to me it is more correct to think of the bottom/tip of the reverse-pyramid as combination of gold+oil i.e. what I'm trying to say is that in today world the real store of value function is both oil and gold.<br /><br />This may contradict abit because oil is perishable Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-4490468598422095060.post-32527702761953574352009-07-06T17:31:03.103-07:002009-07-06T17:31:03.103-07:00Also funny how this article again stresses that pe...Also funny how this article again stresses that people rather hold oil than dollars.<br /><br />I recently noticed that those oil tankers floating around might signal a flight out of the dollar into oil.<br /><br />We have seen such a situation before. This could be an interesting signal if it continues.Martijnhttps://www.blogger.com/profile/10691085642452851905noreply@blogger.comtag:blogger.com,1999:blog-4490468598422095060.post-91277163958145490522009-07-06T16:53:21.833-07:002009-07-06T16:53:21.833-07:00Martijn,
None of that information is in the open....Martijn,<br /><br />None of that information is in the open. And what is, cannot be believed!<br /><br /><a href="http://www.lemetropolecafe.com/pfv.cfm?pfvID=1525" rel="nofollow">Read this</a>. I think you will find it to be an amazing survey (statistical challenge to the consensus) of CB gold movements during the 90's. It is from 2000. And there is more to this story which I am still FOFOAhttps://www.blogger.com/profile/17152544684132776239noreply@blogger.comtag:blogger.com,1999:blog-4490468598422095060.post-6887522410638827242009-07-06T16:45:14.571-07:002009-07-06T16:45:14.571-07:00The asking price by oil--influenced by many factor...<i>The asking price by oil--influenced by many factors--is what established the dollar's value</i>.<br /><br />This can only be true on the condition of at least somewhat limited money printing.Martijnhttps://www.blogger.com/profile/10691085642452851905noreply@blogger.comtag:blogger.com,1999:blog-4490468598422095060.post-17953768091753162162009-07-06T16:42:50.718-07:002009-07-06T16:42:50.718-07:00The author also seems to have a little trouble in ...The author also seems to have a little trouble in following his own logic:<br /><br /><i>While these Roosa bonds stemmed the tide of a possible run on the Treasury, they ended up costing America more because the Swiss currency appreciated versus the dollar during the life of the bond</i>.<br /><br />Unless gold was payed to obtain those Swiss francs, but I doubt that.Martijnhttps://www.blogger.com/profile/10691085642452851905noreply@blogger.comtag:blogger.com,1999:blog-4490468598422095060.post-3423596041463166202009-07-06T16:37:23.135-07:002009-07-06T16:37:23.135-07:00Fofoa,
Interesting article, and he does provide s...Fofoa,<br /><br />Interesting article, and he does provide some interesting math.<br />I have read some about Rotterdam before, interesting story, those Dutch guys ;)<br /><br />Before I can comment more, I need to get some more grip on the maths. <br />As far as the form is concerned: it is forgiven, but I do find many of the people advocating gold a bit theatrical in their language, to say the Martijnhttps://www.blogger.com/profile/10691085642452851905noreply@blogger.comtag:blogger.com,1999:blog-4490468598422095060.post-89592463052074335652009-07-06T11:20:05.664-07:002009-07-06T11:20:05.664-07:00I dead a quick scan, will read more today or tomor...I dead a quick scan, will read more today or tomorrow.Martijnhttps://www.blogger.com/profile/10691085642452851905noreply@blogger.comtag:blogger.com,1999:blog-4490468598422095060.post-54077677852342568672009-07-06T11:05:01.354-07:002009-07-06T11:05:01.354-07:00Have you read the above post yet? I only ask beca...Have you read the above post yet? I only ask because you have not commented on it, yet it applies to some previous discussions! I know it is long, but it is worthy of a little time.FOFOAhttps://www.blogger.com/profile/17152544684132776239noreply@blogger.comtag:blogger.com,1999:blog-4490468598422095060.post-68311468734031608372009-07-06T11:01:06.871-07:002009-07-06T11:01:06.871-07:00I know, still need to check on that hurricane part...I know, still need to check on that hurricane part...Martijnhttps://www.blogger.com/profile/10691085642452851905noreply@blogger.comtag:blogger.com,1999:blog-4490468598422095060.post-3534446129785300832009-07-06T10:46:58.691-07:002009-07-06T10:46:58.691-07:00Yes Martijn.
Someone recently said, "One o...Yes Martijn. <br /><br />Someone recently said, "One of the few things I am confident about is, some very improbable things will happen. Surprises will occur so often they will become routine. Call it a parade of shockers."FOFOAhttps://www.blogger.com/profile/17152544684132776239noreply@blogger.comtag:blogger.com,1999:blog-4490468598422095060.post-76762941040897790342009-07-06T05:07:25.767-07:002009-07-06T05:07:25.767-07:00I am not saying that they'll be able to steer ...<i>I am not saying that they'll be able to steer out off this mess, but I am saying that they can try so, and that by trying so they can do a lot more then many people expect</i>.<br /><br />What i was really trying to say is that we are in for some surprises, as was already noticed by some (e.g. fofoa).Martijnhttps://www.blogger.com/profile/10691085642452851905noreply@blogger.comtag:blogger.com,1999:blog-4490468598422095060.post-61996256756119624072009-07-06T04:30:28.729-07:002009-07-06T04:30:28.729-07:00Thanks Fofoa for this posting. I will read it in t...Thanks Fofoa for this posting. I will read it in the evening - it is too complex for a coffee break.<br />I suspected some hat trick like the above but this takes the veil away.<br /><br />Best regards to all here<br /><br />MicMicnoreply@blogger.comtag:blogger.com,1999:blog-4490468598422095060.post-69720626514886906232009-07-06T03:55:15.158-07:002009-07-06T03:55:15.158-07:00They are debasing the currency in a way that favor...<i>They are debasing the currency in a way that favors (rescues) the insiders, all the while claiming to save the system. These claims, combined with the "green shoots" are cover for when the crisis hits. They are setting the stage to blame the external crisis that will force devaluation of the dollar and rescue America from its debt</i>.<br />This is correct indeed, Sir.Martijnhttps://www.blogger.com/profile/10691085642452851905noreply@blogger.comtag:blogger.com,1999:blog-4490468598422095060.post-27072701386894711122009-07-06T03:51:57.332-07:002009-07-06T03:51:57.332-07:00You have to multiply the paper loss and the dollar...<i>You have to multiply the paper loss and the dollar loss!</i><br /><br />I see what you mean and don't disagree with the idea, I did disagree with your 99% prediction.<br /><br />Dollar loss btw is also paper loss. So it becomes a square of paper losses ;)<br /><br />The US is indeed working towards a dollar devaluation. They want a soft landing. <br /><br />They still have some tools to Martijnhttps://www.blogger.com/profile/10691085642452851905noreply@blogger.comtag:blogger.com,1999:blog-4490468598422095060.post-85111854644469521342009-07-04T15:20:58.566-07:002009-07-04T15:20:58.566-07:00Martijn,
Couple of good points in that video...
...Martijn,<br /><br />Couple of good points in that video...<br /><br />Andrew Freris mentioned the duality of marked to market risk and US dollar devaluation for China. He said "they lose both ways". This is the duality I was talking about with the markets, if you are in paper investments. You have to multiply the paper loss and the dollar loss! <br /><br />If the bond market FOFOAhttps://www.blogger.com/profile/17152544684132776239noreply@blogger.comtag:blogger.com,1999:blog-4490468598422095060.post-79762398237088509522009-07-04T14:42:03.933-07:002009-07-04T14:42:03.933-07:00Have check on that tomorrow. Still have to check o...Have check on that tomorrow. Still have to check on SA as well.<br /><br />Meanwhile <a href="http://www.youtube.com/watch?v=PjbRxUCHEFI" rel="nofollow">here</a> is some discussion on reserve currencies.Martijnhttps://www.blogger.com/profile/10691085642452851905noreply@blogger.comtag:blogger.com,1999:blog-4490468598422095060.post-42415041748070257372009-07-04T14:36:34.429-07:002009-07-04T14:36:34.429-07:00Thanks Martijn,
Good article.
"In Japan it ...Thanks Martijn,<br /><br />Good article.<br /><br /><i>"In Japan it is shameful to walk away from your home and mortgage, and fear of repossession kept default rates relatively low."</i> <br /><br />Jesse had an <a href="http://jessescrossroadscafe.blogspot.com/2009/07/japanese-stagnation.html" rel="nofollow">interesting post</a> on this subject. He pointed out that it was not just FOFOAhttps://www.blogger.com/profile/17152544684132776239noreply@blogger.comtag:blogger.com,1999:blog-4490468598422095060.post-84202810054983915862009-07-04T13:19:26.546-07:002009-07-04T13:19:26.546-07:00Here is some more inflation/deflation talk.
Intere...<a href="http://new.goldmau.com/article.php?id=1919" rel="nofollow">Here</a> is some more inflation/deflation talk.<br />Interesting article.Martijnhttps://www.blogger.com/profile/10691085642452851905noreply@blogger.comtag:blogger.com,1999:blog-4490468598422095060.post-85721128061828719422009-07-04T09:37:17.412-07:002009-07-04T09:37:17.412-07:00FOFOA,
It is interesting to Mishorn on his post ab...FOFOA,<br />It is interesting to Mishorn on his post about Swedish move to cut rates to -0.25% said they could have a currency collapse. Adding that If Bernanke makes the same mistake he would pay in the same way.Fascinating talk for a deflationist.The Mad Scientisthttps://www.blogger.com/profile/00259128528077580628noreply@blogger.com