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Jim Myrtle

Jim Myrtle
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  • 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, 2013. 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, 2013. 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, 2013. 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, 2013. 09:52 PM | 2 Likes Like |Link to Comment
  • Is The Gold Market Manipulated? Part 1: Introduction And The London Gold Pool [View article]
    "Why are you stuck on the last 2 years to make a point?"

    Did the Fed buy $2 trillion in bonds over the last 2 years?
    Did gold drop by a third over the last 2 years?

    "The dollar buys less today then ever in history. LESS gas, food, housing,etc"

    Not less gold.
    Nov 25, 2013. 07:14 PM | 3 Likes Like |Link to Comment
  • Is The Gold Market Manipulated? Part 1: Introduction And The London Gold Pool [View article]
    "Every day the dollar depreciates"

    Doesn't look like it's depreciating versus gold lately.

    ""Despite $1 trillion dollar annual Fed bond purchases" DESPITE ? you make it sound like QE'S will have no negative effect "

    Yes, despite QE, the dollar buys 50% more gold than it bought two years ago.

    "Will I sell? Depends on what I get in return. If it is fiat money I will not"

    I don't care who you are, that's funny right there.
    Nov 25, 2013. 12:08 AM | 5 Likes Like |Link to Comment
  • Is The Gold Market Manipulated? Part 1: Introduction And The London Gold Pool [View article]
    "Were you happy in 2008 ??"

    No. That's why I know PM holders are not truthful when they say they don't mind the bear market gold has suffered, despite their claims that continued QE would send gold ever higher.

    "Now how you gonna feel when your paper becomes worth less?"

    Despite $1 trillion dollar annual Fed bond purchases, the dollar buys 50% more gold than 2 years ago. When will it be worth less?

    At what price will you sell your gold? Or will you hold forever?
    Nov 24, 2013. 08:48 PM | 4 Likes Like |Link to Comment
  • Is The Gold Market Manipulated? Part 1: Introduction And The London Gold Pool [View article]
    "Jim, you fail to recognize that all gold is held by someone"

    Are all the holders happy their gold has dropped by one third over the last 2 years?
    Nov 24, 2013. 06:42 PM | 3 Likes Like |Link to Comment
  • Is The Gold Market Manipulated? Part 1: Introduction And The London Gold Pool [View article]
    "I welcome these corrections as buying opportunities. No wounds to lick here"

    That is awesome! I don't mind either when my holdings drop a third to over a half in price over 2 years.

    Wait, what?
    Nov 24, 2013. 01:17 PM | 2 Likes Like |Link to Comment
  • The Federal Reserve Is Monetizing A Staggering Amount Of U.S. Government Debt [View article]
    "The FED is engaged in crony capitalism helping their banking buddies"

    Exactly! Taking those pesky, guaranteed bonds, yielding 2%-4%, off the banks hands and giving them reserves yielding 0.25%.
    Banks don't need all that interest income they were earning.
    Nov 15, 2013. 07:49 PM | Likes Like |Link to Comment
  • The Federal Reserve Is Monetizing A Staggering Amount Of U.S. Government Debt [View article]
    "I will send it to you for some worthless gold in return"

    Excellent! I'll give you all the gold you want, in exchange for $10,000 of those worthless FRNs per ounce.
    Get your gold, now, before I come to my senses.
    Nov 15, 2013. 07:45 PM | Likes Like |Link to Comment
  • The Worrying U.S. Path Toward High Inflation [View article]
    Unrealized losses? Source?
    Nov 8, 2013. 11:30 PM | Likes Like |Link to Comment
  • The Worrying U.S. Path Toward High Inflation [View article]
    "Now things are obviously even more unstable and the apologists are singing all the same songs"

    More unstable than they were in 2008? LOL!
    And the doomers keep singing, this time we're doomed, for sure.
    Nov 8, 2013. 11:10 PM | Likes Like |Link to Comment
  • The Worrying U.S. Path Toward High Inflation [View article]
    "No one can prove that the Fed's unrealized losses would be relevant or irrelevant until the Fed has unrealized losses"

    Neil, pretend the Fed burns thru their huge unrealized gains and now has an unrealized loss of $100 billion on their books.
    Please explain why you feel that loss means anything.

    "Oh, yeah, that's right. Thanks, now I feel like a real moron, with sand in my ears"

    Finally, an area of agreement.

    "I do not know what happens when the backing of a major currency is impaired, but I suspect bad things happen. "

    Impaired? It's not like they issued $1 trillion in gold notes with only $100 billion in gold.
    Nov 8, 2013. 11:07 PM | Likes Like |Link to Comment
  • Gold's Reaction To Fed Is A Bearish Signal, Libya Weighs On Oil, Copper At Top Of Range [View article]
    "With $67 trillion on the line, I'd be wobbly in the knees"

    What makes you think anyone has $67 trillion on the line?
    Nov 8, 2013. 10:44 PM | Likes Like |Link to Comment
COMMENTS STATS
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