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Boxed Merlot

Boxed Merlot
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  • Contrarian Trade of the Decade: The U.S. Dollar [View article]
    ...the us could surprise with the speed and effectiveness of its deleveraging efforts, with massive short-selling of underwater homes finding support from government policy...

    And just as surprising that all those short sold dollars are now accounted as income on the (previous homeowner) taxpayer's return that received the "gift" from the mortgage holder that so generously "gave" it. I wonder how successful the IRS will be short selling these worthless (income) tax returns being sent in showing unpaid indebtedness from underwater taxpayers. Oh wait, the Fed's got room in the vault for more worthless paper doesn't it?
    Mar 23, 2010. 01:28 AM | 3 Likes Like |Link to Comment
  • The Dynamics of Gold, The U.S. Dollar, And Gold Equities [View article]
    Silly me, I guess the reason returns have to be paid in fiat is so proper taxes can be paid to whichever jurisdiction the investment is being returned to the investor in. I suppose If the money is never converted to fiat, or even coinage with a sovereign inscription, control is seen to be relinquished. What if the exchange occurs on a ship at sea in international waters? Oh yeah, I may as well be GS.
    Mar 22, 2010. 12:28 PM | Likes Like |Link to Comment
  • The Dynamics of Gold, The U.S. Dollar, And Gold Equities [View article]
    Buying a position in a miner that pays in money, i.e. net smelter return-bullion, seems to me to be the most sensible solution to fiat exchange rate oscillations. Is the any information out there on which if any companies are currently offering this? I know there are some companies that invest in NSR positions that provide this for themselves, but why not offer the same vehicle to "the little guy"?
    Mar 22, 2010. 11:25 AM | Likes Like |Link to Comment
  • The Dynamics of Gold, The U.S. Dollar, And Gold Equities [View article]
    I would tend to agree. The rule of law including personal property rights tend to bolster the prevention of debasing a nation's currency. When basic tenants like these are threatened, (a la GM/UAW fiasco), oscillations are inevitable. imo
    Mar 22, 2010. 11:10 AM | Likes Like |Link to Comment
  • Wall Street Breakfast: Must-Know News [View article]
    Haman thought he was tbtf too. Perhaps the first Tuesday in November can be the US Purim?
    Mar 22, 2010. 10:51 AM | 3 Likes Like |Link to Comment
  • Plug-In Vehicles: The First Great Fraud of the New Millennium [View article]
    "Seriously high voltages"...

    I had a conversation recently with a local mechanic while he was fixing a radiator/coolant problem on my 2002 Intrepid.
    He told me of the serious dangers involved with wrenching on the new electric vehicles due to the incredible amperage being used. I'm no expert here, but he said in the repair training he received, complete wiring harness replacements were required if even minor scuffs on wires occurred. This was not for revenue generation, but for personal safety, and not just the mechanic's. He for one was looking forward to the day they would all go back under the rock they came out from.
    Mar 17, 2010. 01:14 PM | Likes Like |Link to Comment
  • High Conviction: An Inexpensive Miner With Unique Business Model [View article]
    Your figures here represent some fairly high grade deposits that would typically be held in reserve until the price to extract from lower grades catches up to the labor extraction costs in terms of fiat exchange rates. In addition, many high grade "samples" have a tendency to disappear before seeing the light of day. Funny thing about having a gold mine in the literal sense, it gives an individual the opportunity to experience what it would be like to have their very own Fed.
    Mar 17, 2010. 11:15 AM | Likes Like |Link to Comment
  • High Conviction: An Inexpensive Miner With Unique Business Model [View article]
    This is an interesting royalty set up if there are no performance dates or extraction costs associated with the payment schedule. An interesting feature of Au royalties is they are typically allowed to be taken in bullion, (2.5-5% Net Smelter Return) and so eliminate the nuisance of fiat exchange rate differences that encumber labor, acquisition and other "costs" of extraction.
    Mar 17, 2010. 12:50 AM | Likes Like |Link to Comment
  • The Velocity of Money and Its Implications [View article]
    The other element to this equation may be the increase in population/per ca pita of persons using the fiat in circulation. imo. (I'm open to response.)
    Mar 16, 2010. 12:34 AM | Likes Like |Link to Comment
  • Where Will the Jobs Come From? [View article]
    Are you suggesting the private sector employees WERE ready for the hit they/we have taken?
    Mar 9, 2010. 10:25 PM | 4 Likes Like |Link to Comment
  • Gold Demand: Not What You Think [View article]
    Once again, the seven Spirits of God: Power, Wealth, Wisdom, Strength, Honor, Glory and Blessing. These are reserved for the only true Sovereign. Those of us in the creature category will only vaporize when in the presence of these in true form. Our quest is sustained in contentment, which is itself a blessing from the sovereign One. Like gold in the river Havilah, flowing from the garden leading to the tree of life, a mere marker, not to be confused with our destination. Wish I could stick around for more, but it's after 8:00 and I'm nearly late for work. Miles to go, so to speak.
    Mar 9, 2010. 11:28 AM | Likes Like |Link to Comment
  • Gold Demand: Not What You Think [View article]
    A couple of points. 1. Much of the "jewelry" in discount retail stores wouldn't qualify as "jewelry" anywhere else but US markets due to the minimal gold content, so 70% off is still high and not indicative of the intrinsic value anyway. 2. Mining costs are the driving force behind the production of the actual newly milled gold entering the world's stores. A unique feature of the wealth of kings is that as long as labor costs lag the fiat currency trade for the labor, lower grade ore bodies will be developed while high grade ore will be sat on until the worm turns so to speak. So when one sees mining production increasing, reserves are likely rising quicker in the high grade sector, to be developed when interest wanes as will inevitably happen some time in the future. imo.
    Mar 8, 2010. 11:53 PM | 3 Likes Like |Link to Comment
  • The Plutarch Nation [View article]
    Wealth is only one aspect of the attributes of sovereignty. The full list of attributes includes Power, Wealth, Wisdom, Strength, Honor, Glory and Blessing. The powers delegated to government should and do include the power to punish, confiscate, imprison, and ultimately condemn individuals that pose a threat to the sovereignty being protected. The misappropriation of this power by public servants and "(s)elected" officials has proved to be the United States current undoing of the system bequeathed to us centuries ago by a more enlightened generation. Imo.
    Mar 2, 2010. 10:55 AM | 3 Likes Like |Link to Comment
  • Wall Street Breakfast: Must-Know News [View article]
    Madoff victims can't recoup fake profits...

    Why wasn't this stroke of genius applied to the
    AIG "investors"?
    Mar 2, 2010. 10:23 AM | 6 Likes Like |Link to Comment
  • Shorting the Tea Party Activists [View article]
    ...Unless housing stabilizes and people like the airport executive in Oakland CA stop walking away (FT A Business Decision Feb. 23 2010), we are going to go back into recession...

    Pretty decent article, reminds me of the "Godfather" line. Something like "nothing personal, Sonny, just business". What can you expect from the lessons being taught us from the Fed, Treasury, the Administration, Congress and Judiciary about financial responsibilty, accountibility and integrity. The bully pulpit has been bereft of virtuous conduct and the governed are following suit. Nothing personal, just business... sad.
    Feb 23, 2010. 05:56 PM | 1 Like Like |Link to Comment