Thread: Bank Holds Rates but Quantitative Easing Returns

Originally Posted by baby maker

....interest rates [and inflation, perhaps] will be low for a long time in a climate for reduced economic activity, where every household world wide will make financial decissions on the basis of need...not wants....

The inflation balloon is rapidly losing air - Irwin Kellner - MarketWatch

Originally Posted by baby maker

Originally Posted by baby maker

....interest rates [and inflation, perhaps] will be low for a long time in a climate for reduced economic activity, where every household world wide will make financial decissions on the basis of need...not wants....

The inflation balloon is rapidly losing air - Irwin Kellner - MarketWatch

Total misdiagnosis and wrong interpretation of inflation.

Inflation is the expansion of the money supply. The resulting price increases in certain assets are the result.

^

Originally Posted by Butterfly

^

You know...Socal...butters has a point....
1920...nearly a centuary ago...
come on you can do better than that...

be inane by all means....but don't drool....

Latest news....negative to the market...


Slovak government split over EFSF vote - MarketWatch



Dollar edges up as EFSF approval hits obstacle - Currencies - MarketWatch



Slovak coalition partner says won't back EFSF vote - MarketWatch



DJIA mini-sizedYMZ11 (Dec '11) 11,332 -36 11,364 11,374 11,292 Time 06:36

Originally Posted by baby maker

Originally Posted by Butterfly

^

You know...Socal...butters has a point....
1920...nearly a centuary ago...
come on you can do better than that...

be inane by all means....but don't drool....

The laws of gravity have not changed since 1920, neither have the laws of economics.

^ yeah but apparently you forget them when it comes to Gold, or maybe you never knew them in the first place

Originally Posted by Butterfly

^ yeah but apparently you forget them when it comes to Gold, or maybe you never knew them in the first place

yeah what ?

You clearly don't know anything about the laws of economics. If you did, you would realize that gold is the reference point to value currencies against, over time. Not the US dollar, not wheat, not real estate, not stocks, not Euro's, not Yen, not oil.

Imagine the US dollar was in the same trouble as the Mark was in, in 1920. Then how could you use the dollar to value another currency against ?

Wait a minute.......The US dollar is in the same trouble the Mark was in in 1920 right now. And you are using the dollar as the reference point to measure value of everything ! Including gold !

[quote=baby maker;1901887]

Originally Posted by socal

And you are using the dollar as the reference point to measure value of everything ! Including gold !

Socal....my little snowflake...so are you...

Nope. I am measuring dollars in gold, not gold in dollars. Since the bottom in March of 2009, prices of the DOW have risen strongly when measured in dollars, seen by many as proof that the recession is over and recovery has begun to take hold. Yet when priced in gold, we see that all of the "robust recovery" was the result of more dollar debasement, as trillions of dollars created by the Fed's "quantitative easing" and bailout programs flood into the market. In reality (aka priced in gold), stock prices have remained fairly flat from 2009 until July of 2011, when they began falling to levels well below their 2009 lows.


DOW ETF since 2002, showing performance in USD and gold, adjusted for dividends paid:



Which price do you think better reflects what is going on in the real economy such as the rate of unemployment ?

[quote="socal"] I am measuring dollars in gold, not gold in dollars...[/quote]


Certifiable...but conceed the point.

What is not addressed is the myriad of variables from gold to tanagble assets...

Now don't tell us you are not going to convert to asetts...

My veiw is it cut out the intermediate step....and pick up asetts in a depreciateing market...

Now in doing this there are two risks....

1. Won't realise the peak in the gold/feit conversion....
2. Won't pick the bottom of the asset write down.....

but one will not be sitting there plaged by indicesion not knowing whether to accept feit because of the inherant risk in feit....or trying to negiotate purchases in real gold, where arbitary comparative value has gone out the window...

the other reality is that a asset portifolo will be averaged in over time....

not thrusted upon you by circumstances out of your control....government confiscation, market malipulation and such...

and finally when you do price, you may face the daunting task of investing in a reduced window of time....

Now this could all prove to be bollocks....but bollocks or not, I'll follow sound business practice and work for my reality...

not just lay back and dream how wealthy I am....fearfull of the next futures close....

Now my view is not an absolute...will not be the Alpha....but it has served me well for forty years....

How many years of your twenty-seven have you actually been tradeing...

Wait a minute you don't trade....you have just fallen on to...taken a position in a commodity....and are in your summer days....dreaming of great things..no harm in that...no criticism from me...

This is not the time for folly....and maybe I am foolish....but I'll take a little less and bed down assets... every purchase, while they continue to take feit, makes the position more secure...

By your previous posts you have not even begun to address this situation ....

hope you will move your gold, when you finally give up on it...or at least they take your feit, when the time comes....

feit which gold is priced in....SNOWFLAKE.....

certifiable!!!....

I think everything should be priced in Uranium ore, now that's a stable currency

[quote=baby maker;1902005][quote="socal"] I am measuring dollars in gold, not gold in dollars...[/quote]

What is not addressed is the myriad of variables from gold to tanagble assets...

This is just keeps getting better... How in Christs earth is gold not a tangible asset ?
Definition:
tan·gi·ble (tnj-bl)adj.1. a. Discernible by the touch; palpable: a tangible roughness of the skin.
b. Possible to touch.
c. Possible to be treated as fact; real or concrete: tangible evidence.

2. Possible to understand or realize: the tangible benefits of the plan.
3. Law That can be valued monetarily: tangible property.

n.1. Something palpable or concrete.
2. tangibles Material assets.

Now don't tell us you are not going to convert to asetts...

I prefer to be in the most marketable asset, gold. There is buyers for this asset in every country on earth. There always has been, there always will be. Just like there is gravity on every country on earth.

My veiw is it cut out the intermediate step....and pick up asetts in a depreciateing market...

not just lay back and dream how wealthy I am....fearfull of the next futures close....

As I explained in a previous post. When the futures market defaults, is when the two tiered gold price ends and we all use the central bank gold price. I am not a trader.

How many years of your twenty-seven have you actually been tradeing...

I have been watching my dad speculate and do business since I was born.

Wait a minute you don't trade....you have just fallen on to...taken a position in a commodity....

Gold is not a commodity. Through propaganda, it has been peddled as a commodity since 1971 but that doesn't make it a commodity. And I trade gold stocks.

By your previous posts you have not even begun to address this situation ....

If you don't get it by now then you must learn the hard way. Do you think it is just a coincidence that people in parts of the world that have experienced currency crisis buy gold and understand it ? Like Asia and South America ?

And the people that have not experienced currency crisis since the American civil war don't ?

hope you will move your gold, when you finally give up on it..

I don't think.. after the ever debt backed fiat reserve currency crisis, that gold will play the same roll as Pets.com did after the Nasdaq bubble but that is just me.

Socal...I am speachless....I don't know what to say....in forty years I never run into a logic like yours....and you learned all of this just by watching...not actually doing....in only twenty-seven years...impressive...

Just think how much more you would have to share if you had actually done something....not just watched.

Will redirect all of your future posts to Herr Butterfly....he's more senior and more able to communicate pithy and effortless rejoiners for your in depth consideration....

I must regrettfully withdraw....just too inexpericened and nieve...something nobody would accuse you of....even if they were in their right mind.

I vow to troll the gold blogs, Google and all the other outstanding data sources you have introduced us to.....until I repent and make amends....become properally SOCAL-ISED and fit to return to the community.

Oh! Bless you St Socal....I would never seen the error of my ways...without your selfless intervention....


SOCAL....

LIKE I SAID TO STUPID TO INSULT...
LET ALONE HELP...

^ please don't discourage socal, I need him for my morning coffee

Originally Posted by baby maker

learned all of this just by watching...not actually doing....in only twenty-seven years...

Just think how much more you would have to share if you had actually done something....not just watched.

Actually, I owned a house when I was 18 and I have managed by own money for years.

You are not doing a very good job of proving to everyone that gold is not tangible and not a real asset. I'm sure an 8 year old could read the definition of tangible and realize that gold is. I'm sure they could also look at virtual digits on a computer screen (a bank account) and realize that it is not tangible.

Originally Posted by socal

You are not doing a very good job of proving to everyone that gold is not tangible and not a real asset. I'm sure an 8 year old could read the definition of tangible and realize that gold is. I'm sure they could also look at virtual digits on a computer screen (a bank account) and realize that it is not tangible

Cherry picking ...Socal.

Read the replys, again....you will see I talk about income produceing assets for my kids....not bank a/c's.

An 8 year old, in a lot cases can read....but it seems a certain 27 year old is haveing a problem....

.....the problem would look to stem from the compeditiveness of young men..

Wake up this is not a competition....but it seems you have made it so....in your desire to convince others your view on a commodity....gold..... is the only valid view and that gold is the only investment.

Are you, indeed trying to, in the final outcome, convince yourself....

seeking affirmation and confirmation......

The concept of blogs is to host a forum where different ideas can be exchanged...
none of that is present in your posts.....only the virtues ad norsum on Gold.
You do nothing to the concept of exchange....just harp on incessently on your fixiation.

You have be complemented, showed tolerance and supported in your view....but child like....like an eight year old.....you constantly demand attention for your wants.

It is commendable that you owned yor own house by the time you were eighteen...many of us, with conviction do....even better Dad let you manage your own money...

Now it is plainly wrong that Gold is the only vehicle to a secure future....there are many vehicles....educate yourself. For it is plain for all to see this is the only subject on which you have some knowledge or more correctly have done some reading.

I wish I could be kinder....but in your ignorance you can be quite challenging...and therefor must be dealt with firmly. Try to broaden your scope and knowledge base, for as Herr Butterfly says...you can be quite entertaining.

It would be less than responsible to send you away frustrated in your ignorance...
you are young....many a lesson to come....

To paraphrase a well known female ex political leader.

“I always cheer up immensely,” she said, “if an attack is particularly wounding because I think, well, if they attack one personally, it means they have not a single argument left.”

regarding Socal's posts:

Originally Posted by baby maker

if you had actually done something....not just watched

Originally Posted by baby maker

.just too inexpericened and nieve...something nobody would accuse you of

Originally Posted by baby maker

LIKE I SAID TO STUPID TO INSULT...
LET ALONE HELP

Originally Posted by baby maker

to stem from the compeditiveness of young men

Originally Posted by baby maker

trying to, in the final outcome, convince yourself..

Originally Posted by baby maker

none of that is present in your posts

Originally Posted by baby maker

.but child like....like an eight year old

Originally Posted by baby maker

therefor must be dealt with firm

Originally Posted by baby maker

your scope and knowledge base

Originally Posted by baby maker

you are young....many a lesson to come