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Jim Myrtle

Jim Myrtle
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  • Blow to banks' hedging in Volcker Rule [View news story]
    "Repealing Glass-Steagall Act was a mistake. Immediately after the crisis we, as a country had an obligation to look at what should we do to prevent it from happening again"

    A mistake? Why? Glass-Steagall didn't prevent bad loans from being written.

    "Banks get free guaranteed loans and they charge customers interest on that money to appease their shareholders"

    Free guaranteed loans? Please explain further.
    Yes, banks charge interest, true story.
    Dec 7 07:49 PM | 1 Like Like |Link to Comment
  • Is The Gold Market Manipulated? Part 1: Introduction And The London Gold Pool [View article]
    "No I sold in the low 30's are you totally bad in math"

    You didn't sell at $49.76? That's a relief.

    Why do you feel inflation was 20% over the last 2 years?

    Is that based on the cost of your Alzheimer's meds?
    Dec 4 05:50 PM | 2 Likes Like |Link to Comment
  • Is The Gold Market Manipulated? Part 1: Introduction And The London Gold Pool [View article]
    "I bought back after a 25% drop,so if you had on e what's your point?"

    You bought silver in the high $30s? Sorry.
    Dec 4 05:20 PM | 2 Likes Like |Link to Comment
  • Is The Gold Market Manipulated? Part 1: Introduction And The London Gold Pool [View article]
    Sorry, didn't see anything there about 20% inflation over the last 2 years.

    Maybe you're confused?
    Dec 4 05:19 PM | 2 Likes Like |Link to Comment
  • Is The Gold Market Manipulated? Part 1: Introduction And The London Gold Pool [View article]
    "you lost 20% to inflation"

    20% inflation in the last 2 years?
    So holders of gold lost 36% plus 20% to inflation?
    I thought PMs were supposed to protect against inflation?
    Dec 4 09:01 AM | 1 Like Like |Link to Comment
  • Is The Gold Market Manipulated? Part 1: Introduction And The London Gold Pool [View article]
    Up $5? Wow! Now it's only down 36% from the peak.

    CDs still preserved your savings better over the last 2 years. Scary.
    Dec 4 12:19 AM | 1 Like Like |Link to Comment
  • Is The Gold Market Manipulated? Part 1: Introduction And The London Gold Pool [View article]
    Both down? How do you figure that?

    Which one is down more?

    How much more?

    Paper in someone's control is bad? Please explain your "logic".
    Dec 3 05:57 PM | Likes Like |Link to Comment
  • Is The Gold Market Manipulated? Part 1: Introduction And The London Gold Pool [View article]
    "I'll spend $1200 on some relatives for an Oz. of Gold for Christmas"

    If you had bought an ounce of gold for them 2 years ago, versus a 2 year CD, who has more savings today?
    Dec 3 09:35 AM | 1 Like Like |Link to Comment
  • Is The Gold Market Manipulated? Part 1: Introduction And The London Gold Pool [View article]
    "Gold and Silver is still the best asset for saving because it's not someone else's liability"

    When I want to save, assets that have fallen 35%-60% over the last 2 years don't normally come to mind.

    Why do you think they're the best assets for saving?
    Saving, much different than speculating.
    Dec 2 07:37 PM | 1 Like Like |Link to Comment
  • Is The Gold Market Manipulated? Part 1: Introduction And The London Gold Pool [View article]
    How can it go down, "it's not someone else's liability"?
    Dec 2 07:11 PM | Likes Like |Link to Comment
  • Is The Gold Market Manipulated? Part 1: Introduction And The London Gold Pool [View article]
    "Gold and Silver is still the best asset for saving because it's not someone else's liability"

    Holy crap! Gold down $32 today to $1218!

    Don't people realize it's the best asset, because it's not someone else's liability?

    Will it be an even better asset if it drops below $1000?
    Dec 2 05:39 PM | 1 Like Like |Link to Comment
  • Is The Gold Market Manipulated? Part 1: Introduction And The London Gold Pool [View article]
    I heard Beanie Babies might be a good store of value /sarc
    Nov 26 07:09 PM | 1 Like Like |Link to Comment
  • The Detroit Bail-In Template: Fleecing Pensioners To Save The Banks [View article]
    Nope. The banks never had loans from the Treasury at "near zero percent". The TARP loans were kind of expensive.

    You can discuss the loans from the Fed, but they were paid back as well.
    Nov 26 06:50 PM | Likes Like |Link to Comment
  • Is The Gold Market Manipulated? Part 1: Introduction And The London Gold Pool [View article]
    "I am not a gold bug"

    Your earlier statement makes me doubt this claim.

    "Will I sell? Depends on what I get in return. If it is fiat money I will not"
    Nov 25 10:16 PM | 4 Likes Like |Link to Comment
  • Is The Gold Market Manipulated? Part 1: Introduction And The London Gold Pool [View article]
    "I was smart enough to buy it a long time ago while you were tossing your 2009 stock statements in the drawer unopened"

    If it drops to $1000, will you buy more?
    Will you buy more at $2000? At $3000?
    Is it a buy at $4000? How about at $5000?
    Nov 25 09:52 PM | 2 Likes Like |Link to Comment
COMMENTS STATS
969 Comments
638 Likes