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filipo

filipo
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  • Investing In Gold: Is A Bubble Popping? [View article]
    No, Abe, for gold there were from the very beginning of that EZ story flaws, indications that things would not work out as anticipated.
    That's the only reason I started buying, not in retrospect, but in anticipation.
    As to your Hudson Bay C°, you know what Buffett says about logistics, don't you ? It's a happy shot: you can be right, you can be wrong. Some survive, some perish. Most perish.
    Mar 19 05:07 PM | Likes Like |Link to Comment
  • Why The Cyprus Bailout Crisis Is Sending Gold Prices Higher [View article]
    Very thorough article, Tim. Good overall picture.
    I'm longing for the number of short contracts to increase though.
    Macro, please, make yourself another DUST.
    I wasn't finished buying physical yet.
    Mar 19 03:24 PM | Likes Like |Link to Comment
  • Investing In Gold: Is A Bubble Popping? [View article]
    Arthur,
    Can you please explain to me how you consider the possibility of a decrease in gold demand and at the same time a status quo of the supply ?
    Aren't supply and demand always equal in the gold market ?
    Isn't the bar you buy not necesseraly someone else's bar-sale ?
    Mar 19 12:15 PM | 1 Like Like |Link to Comment
  • Investing In Gold: Is A Bubble Popping? [View article]
    Abe,
    Yes, in retrospect the Hudson Bay C° was an excellent investment.
    In retrospect.
    Got it ?
    Mar 19 12:03 PM | Likes Like |Link to Comment
  • The Eurogroup backs down, calling for Cyprus bank deposits under €100K to be guaranteed. "The Cypriot authorities will introduce more progressivity in the one-off levy compared to what was agreed on March 16 ... the stability levy on deposits is a one-off measure." We've heard "one-off" more than once during this crisis. The euro (FXE) firms by about 25 pips. [View news story]
    Macro,
    Life is neither a naivity game.
    Have you ever considered the possibility the US are doing better than the EU because 1/ $ is the reference currency, hence the US can monetize more debts than anyone else without being hurt by inflation 2/ the US have shale gas, hence their economy grows stronger 3/ the US have raped the world with that CDO-business, hence have a stronger capital basis now.
    or don't you read any newspapers so as to have developed an oversimplified world view ?
    Mar 19 11:54 AM | Likes Like |Link to Comment
  • The Eurogroup backs down, calling for Cyprus bank deposits under €100K to be guaranteed. "The Cypriot authorities will introduce more progressivity in the one-off levy compared to what was agreed on March 16 ... the stability levy on deposits is a one-off measure." We've heard "one-off" more than once during this crisis. The euro (FXE) firms by about 25 pips. [View news story]
    Macro, I read the same news as you do, but I apparently interpret it differently.
    I don't agree with you that chronical bailouts would favor the economy. They would favor high inflation, that's for sure. If you like inflation, you must indeed like endless bailouts.
    But why would creditors then take care of noting who takes credit and how much credit is being taken. Let the bailouting money endlessly flow in that case and see where that would lead us.
    I got no job, have no qualifications, didn't study (why should I ?), but, no problem, my Bank J.P. Macrom is going to give me the money, even knowing that I never will be able to pay it back. Indeed, Macrom is backed by helicopter-Ben who creates money at everybody's leasure. That sure sounds like paradise.
    One question: what are these taxes for then ?
    I propose the abolishment of taxes: in the Macro-paradise there is no room for taxes. Bailouts will fix it all.
    Mar 19 11:42 AM | Likes Like |Link to Comment
  • Cyprus's parliament is due to convene this afternoon to debate an astonishing eurozone demand that it tax all bank deposits at up to 10% in return for a €10B bailout. While approval is not guaranteed, Cypriots rushed to take as much money as allowed out of ATMs. And although EU Commissioner Olli Rehn ruled out a deposit raid in other eurozone countries, menacingly for savers, eurogroup chief Jeroen Dijsselbloem would not. "We are in a new world," says an economist. Update: The parliamentary debate has been postponed until tomorrow. [View news story]
    ivan,
    Are you sure he's going to come back too ?
    A haircut or a head cut, the difference is rather semantic.
    Mar 19 11:29 AM | Likes Like |Link to Comment
  • Got Gold (As In GLD)? [View article]
    Michael,
    he can also take a student loan.
    Mar 19 11:26 AM | Likes Like |Link to Comment
  • Investing In Gold: Is A Bubble Popping? [View article]
    Abe,
    well, it's not by posting gold-negative comments that you are going to make gold prove itself. If you mean by "gold must prove itself", "gold has to raise in price first", your strategy seems a bit odd: most investors buy low and sell high and not the reverse.
    Instead, write something real positive about the stuff, and you'll enhance the probability of gold proving itself. Something like how nice and shiny it is and how ladies in your Eritrean outback love it.
    That would look more in accordance with your stance to me.

    On the other hand, if you mean by "gold has to prove itself", "gold has to drop in price first", than I understand you and it is as I said: you do some gold-bashing to wait for the real low moment to buy. Great strategy altogether, but does it deliver good information for the SA reader ?
    Mar 19 09:27 AM | Likes Like |Link to Comment
  • Investing In Gold: Is A Bubble Popping? [View article]
    Abe,
    Well, Dr. Copper (Bronze) is still alive and Australia thrives on iron. So, yes, we could invest in commodities bronze and iron as inflation hedge.
    Not 5000 years ? OK, make it 2700 then, still quite a respectable time frame. None the like can be said of Enron, AAPL, ...can it ?
    Mar 19 09:13 AM | 2 Likes Like |Link to Comment
  • Investing In Gold: Is A Bubble Popping? [View article]
    Abe,
    Attaboy ! So you're long gold now, since you're doing a hell of a job trying to convince people to sell.
    I fully understand you now: you wanna buy cheap. Great strategy and I wish you luck.
    Mar 19 07:18 AM | 1 Like Like |Link to Comment
  • Investing In Gold: Is A Bubble Popping? [View article]
    Abe,
    Well, that's a respectable age. How old is bronze ? How old is iron ?
    Mar 19 07:12 AM | Likes Like |Link to Comment
  • Investing In Gold: Is A Bubble Popping? [View article]
    Abe, all taxes are....
    Mar 19 04:52 AM | Likes Like |Link to Comment
  • Investing In Gold: Is A Bubble Popping? [View article]
    Michael, don't forget vintage cars. They're the summum.
    Mar 19 04:51 AM | Likes Like |Link to Comment
  • Investing In Gold: Is A Bubble Popping? [View article]
    Abe,
    "So it is puzzling why it would garner so much attention."
    That's exactly what I have been asking myself: "Why does this Abegaz pay so much attention to gold when he pretends he's not interested in it. On every gold-related forum one can find his traces".
    Truly weird... he must have a love-hate relation.
    Mar 19 04:50 AM | 2 Likes Like |Link to Comment
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