Marc Faber: "I Would Recommend People Buy Every Month Some Gold For Ever"

nollag2006

DiggerUK wrote: »

The Brit Empire having most of the worlds gold did this with a relish from the 1850's. It was not paper government spending, it was gold spending. And, as we know, it worked.

What worked? The Empire? Are you Nigel Farage, in disguise?

I think that many of the Empire's "subjects" would disagree with you

Asheron

In the absence of the gold standard, there is no way to protect savings from confiscation through inflation. There is no safe store of value.


Alan Greenspan

chucky

Asheron wrote: »

In the absence of the gold standard, there is no way to protect savings from confiscation through inflation. There is no safe store of value.


Alan Greenspan

what dividends does Gold pay at the moment? :eek:

LisbonLaura

For those with an open mind, this may be of interest:-

http://www.321gold.com/editorials/thomson_s/thomson_s_022310.html

Read from No13 as a starter.

DiggerUK

tomterm8 wrote: »

..........Or maybe I'm misunderstanding your point.

I have raised four children, and have seven grandchildren, only they are allowed to get away with the butter would not melt in their mouth routine.

You have failed to get away with it. Try again.

Anyway, the world gold market is not some cottage industry that can be manipulated.
Stay away from the conspiracyade, and consume less sugar.

DiggerUK

nollag2006 wrote: »

What worked? The Empire? Are you Nigel Farage, in disguise? I think that many of the Empire's "subjects" would disagree with you

You are talking to one of the last members of the loony left, I have no confusion about what the Empire represented, or what it did.

History and facts should be looked at in the cold light of day, not the fog of prejudice. Even a justified prejudice hampers understanding.

DiggerUK

chucky wrote: »

what dividends does Gold pay at the moment?

Gold, as you well know, has never paid a dividend. Nor will it ever.

Remind me again, what price was gold in 1971, 1981, 1991, 2001, and what price will it be when the funny money works it's magic in 2011.

Do you have a serious comment to make?
I will remind you, that as a father and grandfather, I am good at this game of nonsense playtime.

Edit, is that it? can I go out for a beer and steak now?
Hope the bed bugs don't bite.

chucky

DiggerUK wrote: »

Gold, as you well know, has never paid a dividend. Nor will it ever.

Remind me again, what price was gold in 1971, 1981, 1991, 2001, and what price will it be when the funny money works it's magic in 2011.

you seem to have missed the question about this graph....

DiggerUK wrote: »

Do you have a serious comment to make?
I will remind you, that as a father and grandfather, I am good at this game of nonsense playtime.

Edit, is that it? can I go out for a beer and steak now?
Hope the bed bugs don't bite.

nice one - can i be like you when i get older then please?

purch

For those with an open mind, this may be of interest:-

It's a shame the website, and the poster of the "editorial" don't share your 'open mind'

tomterm8

DiggerUK wrote: »

I have raised four children, and have seven grandchildren, only they are allowed to get away with the butter would not melt in their mouth routine.

You have failed to get away with it. Try again.

Anyway, the world gold market is not some cottage industry that can be manipulated.
Stay away from the conspiracyade, and consume less sugar.

Annual gold trades in terms of value represents around 4% of the market capitalisation of global bonds and equities. Which, in turn, represent a very small fraction of the OTC traded derivatives market which has been estimated to top 500 trillion dollars. In any single hour the world derivative market trades derivatives worth more money than total gold traded in a year.

To put this in perspective, a single bank - HSBC - manages enough money to buy up all the gold in the world. AIG last year lost enough money to buy all the gold produced by mines in the world in 2007 and 2008.

So, in summary, it is a market that is very small, unregulated, and very easily manipulated indeed.

p.s. I am sorry that I utilised the device called "humour" in my post.I won't do it again.