Crash Crash Crash !!!!!!!!!!!!!!!!!!!!!!!!!!!

sabretoothtigger

Silver is a function of industrial prospects, it'll come down with a nasty bump at some point before any meteoric rise I reckon.
Same fake out we've seen already, it has a dual purpose and when it serves as both currency and an actual unique usage for whatever industry processes thats when the price will be higher then ever before I guess


The Financial Times have a series of articles about the events of this last year and whether this signals the death of capitalist domination in the west
http://twitter.com/FT_Capitalism

Couple of facts I saved recently, dont hold commodity ETN, just in case

Lehman ETN holders will receive 2 cents on the dollar from their original investment

&

usa wrote:

Housing bottomed at about 1000 oz of silver in 1980 for a median home

Either event would take something pretty extreme but seems best to avoid risk if possible, a list of mostly american etn here I think:
http://www.allthingsjimrogers.com/2008/11/25/123-commodity-etfs/

Anything more bulky then gold might be using future contracts, I think its still better then an etn but they discuss the counteparty risk of that here:
http://www.h-l.co.uk/shares/Risks-of-etfs

novazombie

Sabertooth have you been keeping an eye on silver lately?

Could this be the big one? Maybe that was the last ever dip.

Will we ever see silver under 10 pounds an oz? I think maybe not.

carolt

Oooh, this thread resuscitated!

Do like the title. Nice counterbalance to 'Average House Prices to be 1 million quid by this time next year' and 'FTB to be forced to eat out of bins whilst weeping piteously' type titles currently infesting our board.

sabretoothtigger

Price of silver has tripled in the last 10 years, who'd have thought investing in company shares would look so bad in comparison vs going out and buying some jewellery even

Thats in dollars though and really I need long term price in pounds

http://www.kitcosilver.com/

I dont really follow prices for that reason, if its priced in dollars it doesnt relate to me directly not easily anyway

I dont think silver will spike now because that will mean a major currency crisis in the west and also industrial demand in the east and neither has reached that point afaik


Silver in pounds has apparently risen about 24% this year but investing in silver mine shares might have tripled your money, I guess they are more volatile



I'm expecting pound to be weaker from here on in, its only about 7% down over a year at present. But also I expect less demand and less optimism from the east so its a tug of war not a spike situation

The trend is up though

I think they'll be another opportunity at some point but it may not feel like it at the time

harryhound

Ok officially day zero was Monday 15th.but you cannot blame the media for trying to scoop each other.

The BBC World Service (648 medium wave and on digital media and probably available for weeks unlike the domestic output) has an interesting 15 - 20 minutes of interviews with survivors in its "Business Daily" strand (Europe on 648 etc:- 08:30 11:41 21:32 / Ireland, Radio4 early hours and Digital:- 08:30 15:40 19:40 02:40 both broadcasts times in BST). More scheduled for same time tomorrow.

Tonight at 21:00 we have an attempt at drama documentary "The last days of Leman Bros." on BBC2.

Probably, with 20/20 hindsight the single event that has killed the most people this century and demonstrated that when the chips are down governments are prepared to manufacture money to save their own necks - shame about all the millennium hog wash about "The End of Poverty" and killing debt.:rolleyes:

sabretoothtigger

, yes this is breaking news, its gone.

This seemed a reasonable comparison of how biased economics impoverishes a population. Im someone who thinks time often repeats in various guises, nixon for example devalued the currency and implemented price controls.

Right now similar policy is in effect devaluing currency and we have proposals of controls on the price of labour in some cases with maybe more examples to come from that line of thinking

Inflation and the Fall of the Roman Empire


There was, obviously, flight from the land, massive evasion of taxes, people left their jobs, they left their homes, they left their social status. Now, Diocletian's final contribution to this continuing disaster was to issue his famous Edict on Maximum Prices, in 301 AD. This is a very famous instance of a massive effort by the government to limit inflation by price controls.

http://mises.org/story/3663

mp3 includes some Q&A not in the text
http://mises.org/MultiMedia/mp3/MoneyandGovernment84/01_1984_Peden.mp3

sabretoothtigger

12 Ways The World Could Be Destroyed

Read more at: http://www.huffingtonpost.com/james-altucher/12-ways-the-world-could-b_b_295496.html

Desperately searching for negatives to be bearish on I came across this article.
However I guess we could look at the opposite of each of these points and invest in any solution to it.

The water issue is especially relevant it seems to me as for example japan is an importer of water, china also has issues with reliablity I think and also India I believe quite urgently needs more investment in proper water control.
Just looking back at western history and development we know how vital this was, not sure about the rest of the points so still plenty of doom

Some Ways the World Could Be Destroyed

1. Pandemic. We're all mini-experts on Swine Flu now. And here's what we know about flu pandemics: The second wave is much deadlier than the first. And guess what: the second wave is about to start any second.

2. Terrorism on US soil. The other day a coffee cart vendor who used to work on Wall Street got arrested for planning bomb attacks at various locations in NYC. This is really unpleasant for me since I love getting coffee and a donut at the carts. I spoke to a terrorism specialist who works for the government in an undisclosed location (I begged her to tell me where but she refused). She said, "Eventually its going to happen."

3. Financial collapse. In October, 2008 we came really close. Some Nobel Prize winners think that was nothing compared to what's about to hit.

4. The world is running out of oil. The US "peaked" in 1970. Saudi Arabia probably peaked in 2005. What happens when oil hits $20 a gallon?

5. Methane gas is the worst greenhouse gas. What happens when the gas sitting under the continental shelf starts to get released into the atmosphere, causing temperatures to shoot up 10 degrees. Nobody talks about this particular gas because the solutions are much harder to develop.

6. We run out of clean water. Right now over 50% of hospital beds worldwide are filled with people sick from dirty water-related illnesses. The supply of water never changes, but the population is urban areas is going to double and triple in the next few decades. Major metropolitan areas will simply have no clean water.

7. Nuclear terrorism. Its not that hard to make a dirty bomb. I'll show you how in this blog. Its not even hard to make a nuclear bomb. I'll show you that here as well. Stay tuned.

8. Major hurricanes. What happens when a Category 5 hurricane hits New York City? Don't laugh. We might be overdue.

9. Nuclear terrorism, part II (because I can't get enough of it). Warren Buffett once told me (well, he was on CNBC and told many people), "Over the next 100 years there is a virtual certainty of a nuclear warhead exploding on a populated area." How will it happen? What will be the result on the world? On you?

10. Volcano. The largest volcano in the world is at Yellowstone National park. If that erupted it would probably wipe out most of the continent. And its about 30,000 years overdue. Can we detect it and stop it?

11. Nanotechnology gone awry. This isn't science fiction anymore. I don't want someone saying "mistakes were made" when the entire planet is enveloped by gray nano-goo. Who are the players and what are they doing to protect us?

12. The human race is going extinct? Why are all the kids getting peanut allergies? When I was a kid nobody ever dropped dead from eating a peanut. The human race is losing its ability to fight off auto-immune diseases.

Read more at: http://www.huffingtonpost.com/james-altucher/12-ways-the-world-could-b_b_295496.html

chopperharris

sabretoothtigger wrote: »

12 Ways The World Could Be Destroyed

Read more at: http://www.huffingtonpost.com/james-altucher/12-ways-the-world-could-b_b_295496.html

Tin foil hat brigade , or nostradamus in a couple of hundred years.

The thing about peanuts worries me , its probably got more to do with using antibac this and that , and medical intervention leading to lesser genetic specimens staying alive to the point of sucessfully breeding.

The ideal breeding partner now is a pinup , not so long ago a perfect specimen for the meda of the day was the venus de milo or the thinker.Before then it was someone healthy enough but not fast enough to run off.

Everything else is not a what if but a when.Assuming the species is near wiped out , then the survivors will let nature once again be the breeders only choice....and once again darwins theory will be back on track.

In the meantime , lets make money or even just get famous and keep filling the velvet bucket with some white gold with any dippit future pin ups that the big brother house can find.

I think the writing was on the wall for the human race when two gay men can procreate , without the historical pretence of being straight.

rip- humans , donations in lieu of flowers to mother earth.

sabretoothtigger

Follow the yellow brick road of financial fallacy over the last 30 years. This is a collection of videos looking at market regulation and how events were linked to the current status

http://www.pbs.org/wgbh/pages/frontline/warning/cron/

john539

What went wrong, UK still in recession yet other countries are coming out.

Record recession for UK economy

Bankers back to getting big bonuses, Mervyn King says we haven't learnt lessons from crash & there is nowhere near enough regulation of banks.

Governor warns bank split needed

It could all happen again.