Chile Forum

It's pornography when I say it is.

Gold is not even at its inflation adjusted 80 high. Calculate in the multiyear move from the ending of the gold peg in the 70s to 800+ in 80 and we are FAR FAR FAR from where the gold bubble tops.

Of course, the world is also on the verge of having to adopt a new currency scheme. Such factors have not existed since ... hmmmm.

Gold has been the currency of last resort for the past 5000 years and will be incorporated into any new scheme by TPTB at a much higher real value than has occurred in the recent short-term dollar and Euro price move up.

Of course, we could bet a Krug for Jan 1, 2015.

Another note, look at the gold reserves of countries like France and Italy. I believe they've always held higher than the average reserves because perhaps they are all too familiar with fiat currency collapses and know they will need to start a new one every 60 or so years.

I would be more inclined to quote "money" about this topic. Roger Waters is one of my all time favorite Philosophers.

Money (fiat) get back
I'm all right Jack
Keep your hands off my (Au) stack
I still remember the concert (Animals + Wish You Were Here) at the Olympic Stadium in Montreal

I know a bubble when I see it, and the gold boat has already sailed.

Lots of bubbles thru the ages... trick is not just "knowing" - but profiting
Yep, indeed the Au ship has set sail...
Smart fellas got on when she left the dock (circa 10 years ago)
Then ya have a fool (like that doofus Gordon Brown) who sold his ticket before the ship even sailed.
And some fellas don't realize how a nice sea voyage can improve your "health"
Nice thing is about sailing the Preciousss Seas, it's still a L O N G way to the next port
g~j get healthier every day
Sit back, enjoy the voyage... watch for heavy weather on the horizon.
Steward... another Goldwasser, if you please.

That said, g&j, did you guys buy much gold when you were in Thailand?
Was it hard to sell it elsewhere?

#1 - No... by that time, the ship had already sailed... I was on board.
#2 - SELL???... Say what... Do I look like Gordon Brown

Gold is not even at its inflation adjusted 80 high. Calculate in the multiyear move from the ending of the gold peg in the 70s to 800+ in 80 and we are FAR FAR FAR from where the gold bubble tops.

I think you refer to this purty picture...

Not 5 minutes ago my wife got stopped by TSA at LAX by a goon who suspected her of "carrying gold coins"....turns out that on this occasion, she wasn't but heads up for those looking to move fizz...
We all know that he was out of his job description but it is pretty obvious what's going on.

That's interesting! A good jew (like me) always keeps his passport in order and gold for the border crossing! Cross as a pedestrian and use the gold to expidite the paperwork at the level of one on one.

Gold as an investment is dangerous. I never know where the precipice is located. If I keep the real thing and I can't redeem it fast enough, and if I keep the gold-paper the 'shorts' will jerk my chain or the "stop loss" will cash me out when I'm not looking.

Therefore: it's only good for the border crossing when a current regime threatens to lock me up! In other words, "a flight to safety."

Well, if LAX is your border crossing, good luck. Your gold will more than likely disappear suddenly. To reappear at a later date as a grille or assorted other "instruments of bling" .

Need details.

This is not right. Sure it wasn't CBP in the jetway during boarding on an international flight?

Regarding gold,

Many bought back in the 300-400s and aren't freaked about stepping into an elevator with no floor and fizz has no auto stop-less sell order

ignore or remove this post
I posted twice due to slow server response.

The metal has no stop loss, I have to sell the gold.
Paper gold (an AU stock) can have a stop loss if I enter/ask for the option trade.

Congratulations! you are doing well!

I don't have the stomach for something this volatile. I saw what happened to my father in the AU run-up in 1980. He was so certain.
The market is so treacherous now, I'm almost paralyzed.
I am certain I don't want the "gold bug" now because, I'm too late!

follow closely and finish a winner. Good job!

Like it or not, I am still buying silver and gold in small quantities as it finds a place in the family budget. While gold and silver are up, world events and economics say that gold will retain its value vs inflation over the long term. If you are looking for anything else, then you need to look elsewhere.

It's interesting to note that while gold has priced in inflation, other commodities like consumable commodities haven't. There will be a lot of people shocked when inflation gets priced into their consumables.....then they will cry about inflation. We got inflation right now, it just hasn't affected those consumable commodities yet.

Of course what I say don't matter to anyone else ignore at will.

Ripsigg wrote:Of course what I say don't matter to anyone else ignore at will.

Wise words and an audience with Rune, G&J and me nodding while quaffing down our chileno vino tinto from 1,5 litro bottles.