Prudent Investor

The FOMC Statement and Why I'm Recommending Precious Metals Again

@USisCorrupt: Pls check my blog as I have been recommending gold since 2005.

Bundesbank Agrees to Sell Gold

Sorry for multiple post of my comment.

Bundesbank Agrees to Sell Gold

Just to clarify: Germany's Bundesbank sells a few tons every year to the German mint for production of collectors coins.

Bundesbank Agrees to Sell Gold

Just to clarify: Germany sells a few tons of gold every year to the German mint for collector's coins.

Bundesbank Agrees to Sell Gold

Just to clarify: Germany sells a few tons for collectors coins every year.

The Numbers Are Too Big: IMF Research on Euro Policy Without a Single Absolute Figure

just give me some time to come up with evidence


On Sep 01 05:23 PM Dave Wrixon wrote:

> Well, just because the IMF is clueless, you cannot jump to the same
> conclusions about the ECB.
>
> For years the Yanks have accused the ECB of being overly cautious,
> keeping interest rates too high and the money supply too tight.<br/>
>
> You cannot have it all ways. Where is your proof?

Seeing Inflation with Your Own Eyes

Sorry for the bad link. Yoiu can download the PDF here:
www.4shared.com/file/1...

Eliot Spitzer Claims the Fed Is a Ponzi Scheme

You only talk about possible charges. Did he get indicted for anyone of those?


On Jul 27 10:21 AM whidbey wrote:

> Your credibility is shot to hell when you have to compare Spitzer
> to Bush to justify your harping on his nonsense attempts to re-enter
> the public scene..
>
> Spitzer resigned for real reasons like possible charges of lying
> to investigators, hiding payments to his lady of the evening and
> possibly defrauding his family business, federal tax fraud, trafficing
> for immoral purposes, the Man Act. Oh yow, questionable moral character
> in public office, and the terrible image of a prosecutor, State Atty
> general violating every law he enforced.
>
> Now the meat does he know anything about the Fed? I think he proved
> he does not. and makes you a real disgrace to SA.

European Credit Rankings: No Up-Trend to Be Found

paer losses? all of them


On Jul 09 11:40 AM wpdragon wrote:

> Eastern Europe - ugh.
>
> Another shoe to drop, and how many big European banks have huge paper
> losses there?

Is China Preparing to Buy Gold?

The bankrupt Western world sells its last true asset to be left over with mountains of paper and the Chinese are happy to get rid of their dollar paper assets in return for the ultimate cash since 6,000 years.
Hey great; we have a functioning free market here where the interest of both buyers and sellers are met. As to the wisdom behind the strategies of both parties involved I tend to see the Chinese winning the race of global redistribution by many horse-lengths.
In order not to clog comments, pls read more at prudentinvestor.blogsp...

Financial Blog Watch: Don't Believe Everything You Read

To your well balanced post on financial blogging I want to add just one thing.
Most commercial media do not permit comments on their sites whereas only a few bloggers like CNBC's Larry Kudlow adhere to the same system in order to avoid justified criticism of factual errors or their sometimes very out-of-date views that have not adapted to such facts like the USA having turned from biggest creditor into biggest debtor since Nixon closed the gold window.
Bloggers are well advised to check for factual errors or potentially 6 billion eye pairs will correct them in their comment sections at an instant. I too learn a lot from comments which I keenly read as they assist in steepening my lifelong learning curve.

Better Listen What China Has to Say

Mr. Lewis,
pls be so kind to include yr alleged lies in China's GDP calculation when alluding to such.
To find out what Yuans look like I modestly advise to do a "Go ogle" picture search.
Pls also provide more background why China is run less to the people's benefit, e.g. in a comparison with the economic governance of the USA which tries to nationalize away its problems.
Your kids will certainly be happy to pay up for the bonuses US bankers and the billions given to carmakers with hopelessly outdated products lagging several years behind European car making quality and fuel.
Pls also be a more specific why Europe is a dragon?
And pls check your last allegation which makes absolutely no logical sense.
Maybe you read your comments a second time before hitting the "publish" button and apply a spell-checker too. "Tenents" (???) could not be found in any of the dictionaries I use.
Thank you very much for your contribution.


On Jun 28 01:11 PM James Lewis wrote:

> I think the author does not understand the basic tenents of the balanace
> of payments. Nor does he understand how gdp is calculated in China.
> In China 6.1% GDP growth (which is around 4.5% after the lies have
> been factored out) is indicative of a recession. In terms of China's
> reserves, the reason why the Chinese Government has so much reserves
> because they run China like a business, not like a non-for-profit
> organisation with the PEOPLE'S best interests at heart. I'm sure
> most countries could build up reserves by holding down the living
> standards of a great majority of its people in order to fully exploit
> and profit from its human resources.
>
> Also do we not think China is getting a little head of itself talking
> about the Yuan being a reserve currency and the need for them to
> buy more gold. Most of the worlds population dont even know what
> the yuan looks it.
>
> And China is not a Dragon..it's hungry Tiger.
> Europe is the Dragon.
>
> Tom E, nice thoughts. Seems to me the speculative stock-piling is
> also a short-term trading hedge against the dollar weakening. Some
> days I feel that China is talking the dollar down to make their speculative
> stock-piles rise in value (in USD terms).
>

Map of the World's Resources: Nothing Under Europe's Soil

The paradigm has changed. Europe looted the rewst of the world of its resources in the past 2000 years. Now we have to pay for them, standing in direct competition with the Chinese who undoubtedly have deeper pockets.
In general I would say that self-moderation will become the buzz word as we cannot maintain the same resource wasting lifestyle 500+ million (whites) in the US and EUrope has been enjoying. Suddenly there are 5 billion non-Westerners demanding their fair share of the world's resources.

Two Charts Imply Current U.S. Recession May Be Longest in History

I did not know the USA has such a long history. Tell me more.


On Jun 13 09:28 AM markincorsicana wrote:

> "Longest in History" ? Longer than the one that started in 410? Certainly
> more global and likely to be painful for more people. And more profitable
> for more people as well.

Monetary Madness in a Single Chart: Hyperinflation's Just Around the Corner

The Fed will not be able to absorb all the fresh money - ahem, "liquidity" - because they bought all kinds of crap paper (CDOs) at mark-to-fantasy prices. Who will bail out the Fed by buying this crap anywhere close to the prices the Fed "paid" (hahaha) with its freshly digitized "money." Quote from JP Morgan, "Gold is money. Everything else is credit."