History Buff 24/7

The Supreme Court of South Carolina issues Admisitrative Order Suspending Forelcosure actions and sales citing HAMP Law

Laws? We don't need no steenking laws!

-- The Banksters

The Role of the Database in the Financial Crisis

Don't blame on computers what can be imputed to one of the oldest of all human emotions -- simple, thoughtless greed. You can rationalize it all you want but what led up to this crisis was greed compounded by short-term motivated profit decisions, with not a passing thought given to the long term consequences of those decisions.

Still the 'Most Hated Rally in History'

Fundamentals DO matter. Right now the market is grossly overpriced in all normal measures of valuation - P/Es, dividend yields, etc.

People said earnings didn't matter in 1999. They were wrong then. Something has to give here, either earnings have to come up or equity prices have to come down. Given the overstressed American consumer I think I know which way the path of least resistance is. I am, however, not shorting this market because the government can print as much money as they want to goose this rally. But sooner or later there will be hell to pay.

Bill Gross: Anything But 0.01%

So you heard about the coming Eggo shortage because of problems in two of the manufacturing plants for them?


On Nov 19 11:49 PM Plan B Economics wrote:

> Put in waffles. Tasty, tasty waffles.
>
> Or gold...ok maybe 90% allocated to gold and 10% to a diversified
> portfolio of waffles.

Tax Time With Precious Metals ETFs: What You Should Know

American Gold Eagles are eligible to be held in IRAs.


On Nov 19 05:04 PM stayingalive wrote:

> Can anyone tell me what coins the article is refering to when it
> states: "except certain U.S.-issued coins"?

Do We Goldbugs Finally Have Your Attention?

I got two calls last week from a company called Cash For Gold wanting to buy my gold. That tells me this rally is nowhere near done yet. (Not that I would sell to them to begin with, I'm sure they're not paying anywhere near the real spot prices).

More GM-Magna Fallout: What Russia Will Have to Learn

ValueInvestor is absolutely right, for Putin to whine about this after all the crooked dealing that has been going on in Russia the last few years is the pot calling the kettle black! Anyone remember all the machinations going on with BP's half ownership share in TNK?

Of course, considering Putin's background in the KGB, maybe I should expect nothing but lies, hypocrisy and disinformation from him.

Of course, it's not like we have free markets in the US either ...

Why Gold Is Rising

Rolfe, in the long run we are all dead. In the short run (the last 8 years) Gold has outperformed most other asset classes. There will be a reversion to the mean, but I have no idea when that will happen. Until then, I will continue to hold Gold.

A Brief History of Goldman Sachs Heads

If REAL Christian Scientists were in charge of the Fed, at least we wouldn't be spending tens of trillions of dollars trying to keep Wall Street intact in its present form.

Gold Price Spike: Don't Call It a Bubble

You don't have to be a gold bug to be a dollar bear.


On Nov 04 01:15 PM [e-mail] wrote:

> another pointless gold bug. it is going to collapse and you won't
> see another high above 1,000 in 5 years

Gold and Oil - The New Mecca

If the dollar collapses catastrophically than oil could still go sky high even if demand is in the toilet. It may not be about the oil, it's about the dollar. If the dollar is worth nothing than anything else of any real value becomes worth a lot more.


On Nov 04 07:03 AM DONE_SONZ wrote:

> Oil can only go so far with the economy on life support.Gold is still
> the best bet.

India's Gold Grab Boosts Metal's Price

Digger, by your logic Pearl Harbor never happened because Japan surrendered to the Allies on August 15, 1945. Excuse me?


On Nov 03 05:16 PM DiggerUK wrote:

> After years of never having the manipulation theory put to a real
> test, the much talked over IMF gold sales begin.
> The first half goes to India, and the price of gold rises.
>
> Be interesting to know who gets the second half of the gold tranche.
>
> Japan ? Saudi ? Australia ? Brazil ? Iceland ?
>
> GATA headquarters must look like the HQ of the party that just lost
> the election when the final vote has been counted on election night.
>
> Today was the day manipulation theorists lost the argument for good.

Why I'm Wary of the Gold Trade

I don't know about you, but most of the ads I'm seeing are telling you how easy it is to SELL your gold (for far less than it's actually worth).

This is not a sign of a market top.


On Oct 20 09:56 PM Alan Young wrote:

> The tipoff is the plethora of TV and radio ads telling us what a
> great investment gold is. When dealers want to buy air time to dig
> up customers, you know the top is in.

National Bank Turns Bearish on Gold

With all due respect to Mr. Arseneau .. is he an idiot?

This one line gives the whole thing away "we are of a mind that the Federal Reserve and its counterparts around the world will not hesitate to tighten monetary policy if inflationary pressures mount."

Not bloody likely. Maybe around the rest of the world, but not in the US of A.

The Demise Of The Dollar: 2009 The Nail In the Coffin?

You'd better get your numbers within a few orders of magnitude -- the IMF was going to sell 400 tons of gold, not 40 million.