Thread: US Stocks Plunge, Dow Falls Over 300 Points As Fears Grip Market

Yes let's all see the link butterfly... .. or even the transcript if that's easier for you.

here for you

Nassim Taleb on BBC Newsnight August 19, 2011 | The Black Swan Report

are you a chav Neo by any chance ? could explain your listening comprehension issue

Well done butterfly... now listen to it carefully and learn something from people that really know what they are talking about.

Originally Posted by Butterfly

are you a chav Neo by any chance ? could explain your listening comprehension issue

Your insults won't deflect from the fact that you have been caught talking rubbish yet again. Listen and learn.

Originally Posted by Neo

now listen to it carefully and learn something from people that really know what they are talking about.

yes apparently you don't understand the English language Neo, normal for a Chav like yourself

Originally Posted by Neo

Your insults won't deflect from the fact that you have been caught talking rubbish yet again.

link ? your misunderstanding between financial responsibility and financial volatility is for all to see here

no, it's not the same thing

Originally Posted by socal

Gold is a wealth reserve asset. It never goes down, it never has. It never makes new all time lows.

Always dangerous to say something never happens.

Anyway, when humanity overcomes its superstitious views of gold then it will just become another funny story of human history - like when native Americans sold Manhatten for a few beads and bobbles. Do you think, Socal, those beads and bobbles are still worth the same as that island in New York?

^ very well thought argument by a chav, next

Yaaaawn...

listen you chav, I am kind enough to engage you while I should actually piss on your face for being an English scum, so please humor me

Originally Posted by Butterfly

Originally Posted by socal

Gold is a wealth reserve asset. It never goes down, it never has. It never makes new all time lows.

and ? Gold doesn't make the economy run, by your logic if everyone would put their cash or assets into Gold, price would be 100,000 USD instead of 1,800 USD and the economy would probably stop for lack of funding. What a concept. No running economy and yet a high price for Gold. Everyone would be sitting on their ass waiting, with no jobs or any business to run. So much for being rich on paper.

The future is, more and more people will put long term savings in gold rather then in cash deposits in banks that governments and wall street can exploit. That is where the world is going. That is why it is not a good idea to stay out of the gold market, at these prices.

If 40 or 50% of everyone (corporations, sovereign wealth funds, investors, regular working people)save long term in gold, you don't need interest on cash because the ongoing productivity of the world will be reflected in a slowly constantly rising gold price.

Originally Posted by crippen

Come to the conclusion that nobody has a clue what is going on. All the posters,as well as the rest of the financial institutions have a different answer to the same questions.

Some people have a clue, their investment record proves it. Youtube Peter Schiff was right or Damon Vickers was right.

Originally Posted by socal

The future is, more and more people will put long term savings in gold rather then in cash deposits in banks that governments and wall street can exploit. That is where the world is going.

....perhaps you are right...but bank lending ratios would seem to indicate otherwise...$1 of deposit was traditionally lent out as $12 of credit by these instutions....'08/'09 retrenchment saw banks at 50:1 ratios....hence the crash...

when gold also retrenched....
a future indicator...perhaps so....i am inclined to think so.

the revelance of the above ratios....is fewer and fewer people actually have nett worth....that is....capital/savings....

That is why it is not a good idea to stay out of the gold market, at these prices. If 40 or 50% of everyone (corporations, sovereign wealth funds, investors, regular working people)save long term in gold,....

there is an appreciation that you have a winning position on Gold....and that is good....we must have winners....otherwise who else could the rest of us rob...

your "Pied Pipers", "Carrion Call", "Mermaids Lement" is bordering on a dis-service to those who lack your penetrating insight and conviction....

i too once could list on my CV this same conviction....i am a little older now and hopefully a little wiser....
the market....the concensus...has a wicked way of dispencing with delusions...

you don't need interest on cash because the ongoing productivity of the world will be reflected in a slowly constantly rising gold price.

it doesn't present in your analysis that the "world of money" will deal with this current problem in the traditional way it has for generations....

inflation...currency develuation.....austarity.....and if all fails..

....war!!...

Originally Posted by socal

If 40 or 50% of everyone (corporations, sovereign wealth funds, investors, regular working people)save long term in gold, you don't need interest on cash because the ongoing productivity of the world will be reflected in a slowly constantly rising gold price.

jesus christ

Originally Posted by socal

If 40 or 50% of everyone (corporations, sovereign wealth funds, investors, regular working people)save long term in gold, you don't need interest on cash because the ongoing productivity of the world will be reflected in a slowly constantly rising gold price.

Socal - do you honestly think there is enough gold in existence for 50% of everyone to invest heavily in gold?

Already there is more than 100x actual gold in existence being traded....

I hope this is not the basis of your calculation for going long on gold...

Originally Posted by Blake7

Originally Posted by socal

If 40 or 50% of everyone (corporations, sovereign wealth funds, investors, regular working people)save long term in gold, you don't need interest on cash because the ongoing productivity of the world will be reflected in a slowly constantly rising gold price.

Socal - do you honestly think there is enough gold in existence for 50% of everyone to invest heavily in gold?

Already there is more than 100x actual gold in existence being traded....

I hope this is not the basis of your calculation for going long on gold...

This is too big of topic for forum talk. The ECB and the Euro are built for a post fractional gold bullion banking world. (post 100 to 1) There is always enough gold, the price simply has to go up.

Why does every financial topic on this forum turn into an argy-bargy about gold bullion within about one page.

The relevant points have already been made and countered dozens of times. Repeating them adds so little.

^ ask socal

Because butterfly still doesn't get it...

where is Neo ? why is he so quiet ?

Originally Posted by The_Ghost_Of_The_Moog

Repeating them adds so little.

Originally Posted by Neo

Because butterfly still doesn't get it...

Originally Posted by Butterfly

^ ask socal

It is an appropriate forum to discuss the economic "wisdom" of investing in all types of "assets".

The above posters others and myself have differing views on its suitability as an "investment.

You can always ignore this particular forum or bring other similar aspects to the fore, for "discussion".

Originally Posted by hazz

I have never really understood what the gold bugs see in gold

"Gold Standard", "Inflation", "Monetary systems" all useful reading if you, as a gold holding gold bug, should read before you use Gold as a "savings" tool.