Chris-africa

Preparing for the Dollar's Next Down Cycle

You can turn on any news channel and all you see is Obama and hes puppy`s telling you that the market has started to turn.I have been in around and when people start telling me the worst is gone!!! It makes me worry even more! If the US was out the shit why are they in such a panic.Obama has run around the world telling every one we through the worst .America must be in dream land if they think China is going to carry on giving them credit.Don`t kid your selves the world is not going to sit back and let you carry on spending.Just sit back and think what do we make in the US and they don`t make it cheaper or faster that they need in the world.Nothing!!!!!!You starting to see your problem.Its like your wife with a credit card it`s credit limit is about to run out.The only thing keeping you going is your debit to China is so big they don`t know how to pull the plug.But they will find a way.Its just a matter of time.

Latest Gold Correction a Buying Opportunity

My concern is gold is dollar based.So we in South Africa have for example purchased gold etf New gold listed on the JSE. the etf is linked to the gold price ,but in Rands.So in the last two weeks I have lost 23% on the etf price because the dollar is falling like a stone against the Rand.So do you think it is wise to hold or get out because even if gold goes to $1200 the $ to Rand would have to stay as is for me to break even.At the moment the dollar and gold price is going south.Its a two way Knock.eg Kruger rand a month ago would of cost you in rands R11500.00 and today in rands R7850.00 a loss of R3650.00 no joke.kicking my self in Africa.

Why Aren't Gold and Silver Even Higher?

How is your CITI shares doing?



On Mar 20 12:18 PM Just Say Whoa! wrote:

> Gold is used in Dentistry and Electronics.
>
> When's the last time you had a gold tooth put in your mouth?
>
> The only other demand for gold is for jewelery, because it doesn't
> tarnish.
>
> Less people getting married, less people getting gold teeth, less
> demand for high-end electronics.
>
> Less demand for gold.
>
> Why is this hard to figure out?

Failure of Bond Market Highly Positive for Gold and Silver

With all the governments on the back of all the off shore tax havens,and making Switzerland,Luxembourg and Austria open the books to catch all the TAX evasion people form the U.S and U.K. Were do you think these people are going to put their money .Gold coins are still the best way to store large value in a small place. That`s why the governments hate gold,they cant tax and control it like currencies .If I had the IRS on my back the best way to hide value is still GOLD.So with this in mind should we not see a demand for GOLD rise in the short term.

GLD Adds 9.6 Tonnes: Watch Out, Switzerland!

If you wan`t to see growth in gold bullion demand have a look how ABSA etf Newgold.It has grown in 5years from nothing to 35t of gold bullion already.This is a South African fund.I think South Africa knows more about mining gold. We know what it cost to mine gold.How much is still around.They all buying this Newgold etf.Makes you think!

Raw Material: Who Is Benefiting from China's Rising Demand?

This is a spin story.The shipping agents volume are down scrap demand is at it`s lowest and people say China`s metal demand is up!I can`t see how and don`t know of any big projects in China.I????

Tom Winmill on Gold: Recent Performance Due Mostly to 'Fear Factor'

You got the fear factor on the nail.The only problem is investors fear is how much more money the fund managers are going to loose for them.We will now see more than likely a rally to 8000 on the Dow and all the fund managers will tell people the Dow was over sold.Then you will all get out your 8000 position that you been holding and the Dow will more than likely drop to below 6000.This process will continue and as long as you are making comm on the deals who cares.We all know the correct call for the next 12 months would be cash or gold bullion.But you don`t make commission on that.So we will just call it fear and not the fact that you people made a balls up in the first place.

Platinum: The Undiscovered Gold?

So what price do you think platinum will be at the end of the year.I bet your price will be out buy more than $300.

Platinum: The Undiscovered Gold?

I just don`t see platinum going up soon.The problem is the new type of emission control devices don`t use platinum.The second is growth in the world can only come in Africa and South America . Africa is not ready for growth.China has to many factory`s they don`t need more.Who is going to buy all the new products ? and with what money? Do you not know the banks and Governments are bankrupt.So are you suggesting we can to have a housing?Industrial?boo... you living in another world.The world going to take time to repair itself.No boom any time soon!!!!!!!

How Long Before the Dollar Fails?

What was the price of those Coke shares again.ya!ya!ya!


On Mar 08 02:10 PM petra wrote:

> First of all, ther is no deflation. Second off all there will be
> inflation very soon and as to food it is already there. A 12 pack
> of Coke was at my store 2.99 about 2 years ago, yetserday it was
> 4.49, case closed.
> Maybe the strength of the dollar has something to do with the military
> power of the US, as some posters seem to believe, but what does that
> mean, another war or two ?
> If you consider 0% Fed-rate, huge trade-deficit and not forget the
> budget-deficit, the dollar should be worth much less. Germany for
> example has either trade surplus as well as a surplus in their budget
> (except for this year because of massive stimulus ) and the ECB ist
> still at 1.5%, so can someone explain why the Euro is falling ? What
> I am trying to say is, there is no common sense at all, I just don't
> get it.

How Long Before the Dollar Fails?

You must own a lot of bank shares.Go buy gold with the credit and don`t stop at begin.go.go.go


On Mar 07 07:07 PM storm999 wrote:

> Last summer I suddenly stopped getting credit card applications in
> the mail. Since January, I have gotten four or five offers from
> different companies. Also, two of my card companies are sending
> me checks I can write on my credit accounts. I am seeing more aggressive
> marketing in this area (LA, CA). Any of you seeing an uptick in
> credit card apps in the mail?

2009 Depression Will Be Nothing Like 1929

Who cares about the 1929 ,no time will be the same.But how do you get out of this small problem,this problem is the same in Europe. 1)A huge work force that`s about to retire.2)Real cost of manufacturing (without government kick backs)the highest in the world.3)Cost of living the highest in the world.4)The highest tax on work force in the world.5)The lowest production by work force size in the world.6)Government that is bankrupt. 7)The highest energy costs in the world...Now think for a minute what do we have that the world needs???What can we make money from???What do we have that the world can`t produce at half the price of us???Are you starting to see your problem!!In 1929 you had a lot to over the world.You people better come up with something good and fast because the world does not need the U.S and Europe`s pensioners they don`t make money they drain the Governments, sorry to say but you have some serious problems!!

Gold: Entering an Accelerated Trend Channel

I like Marc Fabers comment that you buy a bit of gold every month.When the price goes down you buy more and buy less as it goes higher.The gold is his retirement!! As he needs money when he`s retired he will sell bit by bit.This is physical gold!! I think I like he`s way far more than to trust your pension with some corrupt Banker or insurance broker.Maybe you could give your money to the Government, seen they own all the banks and insurance company`s.Enjoy your state pension!! I`ll go hungry with my gold!

Revisiting the Weimar Gold and Silver Ratio

Technology has advanced at such a pace you people could not pick up the Madoff ponzi scheme.I bet he has purchased Gold coins with all the money.Don`t forget when the market does have a rally you will be paid in dollars when you sell those shares! I just wonder what you will be able to buy with your $. Now that your new $ printing machines are working over time.Do you think the world does not notice that you have nothing behind the $ its just paper.I just wonder were you are planing a war because that`s your only way out of the mess the U.S is in.

Why Gold at $1,200/Ounce Is Likely

I think if you must buy paper that`s printed buy toilet paper with little $ signs.The only difference is they make more $ notes than t-paper.the future looks like they are going to have the same use! but be sure a gold coin that takes huge amount of effort to produce may not be used in the same way as you beloved soon to be $ paper


On Mar 01 03:08 AM istartedi wrote:

> Let's say we divide the world into two classes--those who have gold
> and those who don't. What, praytell, would be the reason for those
> who have no gold to pay any particular heed to those who do? Nothing
> more than a social convention that says their gold is worth having.
> Absolutely nothing more. Nevertheless, this convention has been
> fairly durable, and is worth heeding for the same reason that any
> other mass market psychology is worth heeding.
>
> But watch out for a rise in interest rates, which makes all metalic
> monies less attractive. Just think what a non-traditional "tiny
> raise" in the rate, such as 5 or 10 basis points would do, with an
> announcement by the Fed that the bias would be towards raising.
> It wouldn't hurt the credit markets, because 5 or 10 bp won't make
> your payments that much more, but it would flush out a lot of money
> sitting on the sidelines, hurrying to lock in those rates, and it
> would devestate gold as people anticipated higher rates.