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  • Let's Give Thanks For Gold Being On Sale  [View article]
    patrick,
    I do, I certainly do believe in the mischievous role of the CB's .
    Yes, till the very end and with every tool they have at their disposal they will manipulate.
    Jan 8, 2016. 04:58 PM | Likes Like |Link to Comment
  • Let's Give Thanks For Gold Being On Sale  [View article]
    gel,
    With the current alarm level 3 (on a scale of 4), I feel safer than ever. There's police all over the place.
    Finally, some politicians seem to start understanding what is going on. More events eventually will have to take place to convince all of them, I'm afraid though.
    Yes, China is in dire state. Looks like Irving Fisher re-edited to me: debt deflation depression is on its way and it will start in China. Their reserves are dwindling faster than Obama's Arctic ice.
    How and when the CB's will react to that new situation are Q's I rather not want to know the answers to. But if and when they do respond in a way that seems to be the easiest, then, gold-shorters, behold..
    Fare well, my friend, we all are witnesses of these extremely interesting times and this forges ties that we will remember.
    Jan 8, 2016. 04:55 PM | Likes Like |Link to Comment
  • Do What Buffett Is Doing: Change Your Definition Of Value Investing In 2016  [View article]
    "Mostly they choose the US dollar because they want to, not because the US wants them to."
    When Saddam Hussein started asking euros instead of US dollars in exchange for his oil since 2000, he signed his death warrant:
    http://ti.me/1dp7Icz
    Some freedom !

    In Washington and New York the upper echelons of the US political and banking establishment know what is at stake. Engdahl warned that an end to the dollar's World Reserve role xould be catastrophic for the United States. To stem a sudden divestiture of dollar assets, US interest rates would have to be pushed higher than in 1979 when Volcker raised rates above 17% to stop the collapse of the dollar's valuation.
    Jan 8, 2016. 02:35 PM | Likes Like |Link to Comment
  • Do What Buffett Is Doing: Change Your Definition Of Value Investing In 2016  [View article]
    If there is one country that can be named a champ in economic protectionism nowadays, it's the US.
    They lift their trade taxes on imported Chinese steel by 236%:
    http://bloom.bg/1mI2Hpn-
    They kill foreign companies with heavy fines, like VW, UBS, BNPP, Crédit Suisse.
    They don't deliver Germany its gold reserves.

    The problem of the US is in the nature of its currency. The US want to maintain the status of the USD as the sole reference currency to keep world dominance. They then are surprised that the strength of the USD handicaps them on the global markets.

    The US better start a little self-reflection before accusing China and the rest of the world.
    Jan 7, 2016. 07:05 AM | 7 Likes Like |Link to Comment
  • Let's Give Thanks For Gold Being On Sale  [View article]
    gel,
    Looks like it's going to turn the other way 'round.
    Gold is at $1,095 and still climbing.
    If I were you, I'd cut my shorts on gold and go long.
    You better short stocks, US stocks.
    DJIA is sub 17,000 and still plunging. The Chinese devaluation bites and there is no one coming to the rescue.
    CB's are desperate..
    Jan 6, 2016. 04:29 PM | 1 Like Like |Link to Comment
  • 7 Reasons To Buy Gold Right Now  [View article]
    The policeman stands at an intersection and directs the traffic in a chaotic way, signaling cars to cross who really shouldn't (Saudis) and stopping others who should (hard working China f.i.).
    Hence, the whole world (except the US of course) assume the policeman suffers from dementia and should be replaced.
    The status of reference currency is not a privilege that should be aimed for and maintained at all costs, it is the logical consequence of hard work on a large scale, a long running positive balance sheet and a big stable economy, which are all elements I don't exactly see present in nowadays US:
    http://reut.rs/1JqKhno
    and
    http://bit.ly/1JUvcFI
    Refusing to face the hard reality of a waning economy is exactly what made the British in the early 20th cent. believe they could maintain an artificial world dominance forever, as the French did before them, and the Austrians, Spanish, Romans...
    Good luck with your belief you didn't start the wars. It stinks. The US are the fiercest and most successful welfare/warfare state on earth.
    Jan 4, 2016. 11:21 PM | Likes Like |Link to Comment
  • The Unintended Consequences Of Lower Oil  [View article]
    As a European I may have better memories (:)) of the 100 Years' War (1337-1453) than you. Around 3 million died due to warship, but on a population of hardly 78 million that represents 3.8%.
    Your 190 million casualties on a world population of 4.5 bn however represent 0.042%, in other words peanuts.
    Dec 18, 2015. 10:52 AM | 1 Like Like |Link to Comment
  • The Unintended Consequences Of Lower Oil  [View article]
    JasonC,
    There is, over here.
    EU inflation is near zero and notwithstanding Draghi's efforts, we still don't see an uptick.
    Last week Draghi, after months of jawboning, even shot loose powder: the deposit rate went from -0.20% to -0.30% and that was it. No increase of QE the markets had hoped for.
    They say Schaueble had objected.

    So, coming back on governments' earnings through taxation: lower oil will be a pain in the a** for a lot of EU countries' governments at a time when they already are over-indebted.
    Dec 15, 2015. 04:05 PM | Likes Like |Link to Comment
  • The Unintended Consequences Of Lower Oil  [View article]
    sleek,
    or he referred to the Mahdi uprising in the Sudan. It cost Charles Gordon its head, but eventually the British under Kitchener won. I know cause I stayed on Kitchener Island, Aswan.
    Dec 15, 2015. 03:50 PM | Likes Like |Link to Comment
  • The Unintended Consequences Of Lower Oil  [View article]
    From the point of view of a government of a no oil producing country it makes a difference to tax your citizens oil consumption on a USD60/barrel basis or on a USD20/barrel basis.
    Unless they hike the %, revenues will be much lower in the second case.
    That's an interesting statement and it highlights the true meaning of "deflation".
    Dec 14, 2015. 05:20 PM | Likes Like |Link to Comment
  • The Unintended Consequences Of Lower Oil  [View article]
    JasonC,
    Here's some interesting historical evidence that you might have forgotten:
    http://bit.ly/1RkQ807
    Dec 14, 2015. 05:08 PM | Likes Like |Link to Comment
  • 7 Reasons To Buy Gold Right Now  [View article]
    The lead to war is something the US is very good at if one takes a look at what happens these days in the Middle East.
    All major geopolitical conflicts are instigated by the US mainly to protect the status of the reference currency and their own world dominance (the Wolfovitz doctrine).
    Can you seriously argue that the Chicoms are the only central planners nowadays ? I have a strong impression that central planning is precisely what our own Central Banks are assiduously practicing.
    Dec 14, 2015. 12:35 AM | 1 Like Like |Link to Comment
  • 7 Reasons To Buy Gold Right Now  [View article]
    Yes, eventually the ChiComs will take over the lead. Don't know where, don't know when, but eventually they will.
    Nov 16, 2015. 11:57 AM | Likes Like |Link to Comment
  • China's Gold Reserves: A Strong Dose Of Reality  [View article]
    Ari,
    Well, I assume James travels in Ben's (Bernanke's) company.
    They both seem to be spaced out these days.
    Oct 25, 2015. 03:51 PM | Likes Like |Link to Comment
  • China's Gold Reserves: A Strong Dose Of Reality  [View article]
    Ari,
    "Ben, are you still in denial and blind to China's special interest in Au???"

    I think Ben went back to :::

    http://bit.ly/1XodEtD
    Oct 23, 2015. 08:49 AM | Likes Like |Link to Comment
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