Chile Forum

by **greg~judy** » Tue May 11, 2010 6:29 pm

Thrice the brinded bankers mew'd.
Thrice and once Bernanke whined.
Gold bugs cry, “’Tis time, ’tis time.”
Round about the cauldron go:
In the poison'd fiat throw.(5)
...
Double, double, toil and trouble...
Dollarz burn and Euroz bubble.
...
Time to stir-up this Aulde pot once again?
g~j conduct this poll of any~all - financially eclectic~astute - happy~sad allchileans...
Just now, on the global stage, Au aspired to a new high... $1231 at post...
(BUT, remember, not even close to the 1980 high - factoring in inflation = $2150)
Quo vadis?

Disclaimer: will poll data be anonymous? - comment below at you peril :wink:

...g~j (& admin.?) take no responsibility for the security of any/all disclosures... the possibility your ISP~DNS address can be traced... future capital gains may be taxed excessively by your respective Gmen... AND future confiscation of your Aussets may result... :shock:

by **eeuunikkeiexpat** » Tue May 11, 2010 8:38 pm

Thanks for breaking the ice in this second crisis wave.

What impresses me as each leg falls (this time the EU), gold sheds commodity status and fulfills its role as currency of last resort. If you analyze what copper vs. gold did during this latest crisis, you see they went in opposite directions. It is beginning to dawn on folks in the West that outside the still world reserve currency USD, there is no paper left worth going to now that the EU has been discredited.

Ironic how the UK is in change of power crisis and one of the players was the guy who sold UK national gold at the market low.

The manipulating *‡#&heads took my paper position but they can't take my fiz. :evil:

by **RuneTheChookcha** » Tue May 11, 2010 9:26 pm

with your eyes closed
vast blue sky
with the mouth shut
you sing songs

when asleep
are you still here?..
awake, awake!
autumn leaves falling!..

are they yellow?..
yellow, like GOLD!..
are they red?..
red, like FIRE!..

either you see them
or you don't..
just two warm days
amidst cold and rain?..

two warm days
so what then?..
stop putting words together
about that

putting words together
has little merit
so people say
so people say..

by **Chuck J 3.0** » Tue May 11, 2010 9:29 pm

In the words of Olivia Newton-John....."physical, lets get physical" :mrgreen:

Waiting for the next dip to go get some more, I'm not a price chaser, I buy the dips.

by **admin** » Tue May 11, 2010 11:35 pm

Yea, that 1,000 point plunge last week would be hard to chase if you did not catch it in under about 10 mins it seems.

That is just the tip of the iceberg when it comes to the games being played with these micro-second trading programs out there. I could see one day a fully automated crash of the global stock markets being set off by some fast market moving event triggering a mess of other automated trades just spiraling the global markets down to near zero before anyone even realized what had happened. The big institutions have super computers plugged strait in to the biggest market computers, and it is simply impossible for a human to monitor in real time the trading their programs do.

from the wall street journal

It took the Dow Jones Industrial Average 62 long, grinding years to close above 582.69 for the first time. On Thursday, the Dow (NYSE: ^DJI - News) plunged by 582.69 points in less than 420 seconds.

by **greg~judy** » Fri May 14, 2010 9:46 am

Ticking away the moments that make up a dull day
You fritter and waste the hours in an offhand way.
Kicking around on a piece of ground in your home town
Waiting for someone or something to show you the way..

Gold priced in euros broke through 1,000 euros an ounce for the first time in Europe on Friday
... as the single currency extended losses to a 18-month low against the dollar.

by **Ripsigg** » Fri May 14, 2010 10:31 am

I've been to several countries, but one of the easiest countries to buy gold in has to be in Thailand. Every town has at least several gold shops and they display the daily price for one baht of gold(about 15 grams). It's always really close to the global spot gold price. That said, g&j, did you guys buy much gold when you were in Thailand? Was it hard to sell it elsewhere?

by **eeuunikkeiexpat** » Fri May 14, 2010 11:21 am

Anyone have experience with the cambios in Providencia that most likely deal with gold coins (tipoff: the semi-numismatic gold Chile 100 peso coin on display)?

by **admin** » Fri May 14, 2010 1:30 pm

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

by **chix001** » Fri May 14, 2010 1:35 pm

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

by **eeuunikkeiexpat** » Fri May 14, 2010 1:48 pm

Jim Sinclair today wrote:Dear Comrades In Golden Arms,

Some commentators are talking a euro at par to the dollar. I assure you that would be the end of the union and the beginning of the attack on the dollar that is certain to come.

If you have the emergence of national European currencies as a result of the failure of the union, the mirror image strength of the dollar would instantaneously disappear. Credit default swaps would turn their vengeance on the dollar. The Drachma would be incinerated. The Swiss and DM would be the stronger units.

If the EU fails so does the USDX. With no mirror image to hold up the dollar artificially, the US dollar will fall faster than Greece's credit.

Dear Jim,

You said that if the European Union breaks up there will be no USDX index to mirror image the euro.
I don't understand.

Regards,
CIGA Arlen

Dear Arlen,

The USDX would be around, but no longer reactive to the euro. The euro would be replaced with the original currencies of member states in various percentages as a synthetic euro, but the demise of the euro in the USDX would be complete. Further shorting would not be met with the same reward.

The attack of the US dollar would commence immediately.

Respectfully,
Jim

Me thinks we will find out how right or wrong he is sooner than most will be comfortable (especialy the goldless). :mrgreen:

by **oregon woodsmoke** » Fri May 14, 2010 1:58 pm

I've lived through a lot of bubbles in my lifetime: real estate bubble, silver bubble, llama bubble, and on and on. I know a bubble when I see it, and the gold boat has already sailed.

Chile Forum

Au....eh?

Au, my preciousssss...

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Need Help In Chile?

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Chile Forum

Au....eh?

Who is online

Need Help In Chile?

Phone From Outside Chile: 1-917-470-9653 ( USA to Chile) In Chile Land Line: (56) 65 421 024 Cell Phone 747 97974 (From a Cell Phone in Chile dial with no other numbers)

Phone From Outside Chile: 1-917-470-9653 ( USA to Chile)
In Chile Land Line: (56) 65 421 024
Cell Phone 747 97974 (From a Cell Phone in Chile dial with no other numbers)