Loading ...“Today we are blessed with a home location in Victoria that on clear winter nights allows us to see from our deck, across the Strait Of Georgia, the ski-lift lights on Grouse Mountain and Cypress Bowl.”
Whoa, sounds magnificent Equiz.
You could be right about sub 900 now that everything is tickety-boo again in lala land. Maybe you’ll pick up that Panda you were liking for your sweetie. 
Ditto for me on the phys silver .. Cheers to you, AuGirl
Glad we got that cleared up!
July 23rd, 2008
The housing bill in Congress — which has now morphed into a housing-and-Fannie/Freddie-rescue bill — appears likely to become law within days.
The president has dropped his objection to $3.9 billion in largesse to city and state governments to dole out to favored constituencies in exchange for the assurance of a blank check for Fannie and Freddie. So everybody wins — except the taxpayer/dollar holder.
But wait — it gets worse. It’s not only a boondoggle, it’s a major-league privacy threat.
Two egregious provisions of the bill haven’t gotten a lot of coverage, especially since Fannie and Freddie got thrown into the mix, but I assume they’ll end up in the final version of the bill: 1) Nearly all credit-card transactions will be tracked and reported to the IRS and 2) Many people in the mortgage and real estate industries must submit to a mandatory fingerprint registry.
It is so anemic I think we should just call it an “ally.” This move by the Dollar created the waterfall decline by the PM sector? If so, then just wait till it fails…………
called for 900 gold
Eventually the price of gold will seek a price such that the price of gold in USD times the amount of gold held by the US Treasury will equal the foreign external liabilities, thereby balancing the external balance sheet of the USA.” This was said,
written and advertised in Barrons in 1974 by Jim Sinclair
when looking for $900 per ounce by the first quarter of 1980.
even before many of todays pundents could read .. or walk.. lol
opps was off 13 bucks ..
check out when they took off. I think it was after the Fed devalued the USD to $35/oz. That gave the miners a straight increase in profit of $15/oz.
Your Italian hide away sounded perfect. Wouldn’t it be great to create or find a place like that in Oz. It sounds like you’ve set yourself up well, good on you.
LP.
If it does become an asset on someone’s books, that is only because it tis a liability on someone else’s, hence the net zero value. Someone pays a premium (the cost of taking out the derivative) for the certainty of minimising a loss, or crystallising a liability. Although it can become an asset, it stands to reason that when I make $1m on a FOREX contract, someone, somewhere, has lost $1m.
But the effect on liquidity is significant. If you can show that you have no FOREX risk on a series of transactions, or that you have protection against rising interest rates on your loans, then you are a much better risk for additional loans. Which is why I say that the deris have affectd the M3, although I don’t believe that they are an integral component of it. Therefore, if deri writing falls, I think M3 will fall too. Although the cause and effect may be the other way around, falling M3 (fewer loans being created) could be the cause for falling deri volumes.
….when the price of Gold rose?
It seems to me that in a true deflationary period- everything is sold- one sells whatever he has to sell.
We do know that in the deflationary period in 1929, the PM stocks rose while Gold was steady. So, are you suggesting that during the deflationary crash period of 1929 that there was more liquidity available for mining companies than there is today?
———————————
by LP. @ 22:51 pm.
2003 was a long time ago in this gold bull.
I’ve never said that gold will rise “handily in a true period of Deflation” Personally I don’t think it will except in certain overvalued currencies like the NZ & Oz.
But what I do believe is gold is liquidity, the only ‘true’ money and in a deflationary scenario virtually everything will be falling in value relative to gold. I do not look at gold relative to a currency but relative to its purchasing power.
You look at “reserves in the ground”, I look at financing to get the reserves out of the ground in the greatest credit crisis since the 30s!
|
|||||
|
I was thinking in terms of derivatives as “insurance.” If one has a derivative of one sort or another backing an asset, is it possible an asset can be further leveraged under certain situations.
The other part would be about a derivative as “money.” For instance, by design a derivative is technically an “asset”, I presume. But, when one takes out a loan, credit is issued and the debt becomes an asset. Is it possible that once sliced and diced a mortgage could yield more assets to leverage than a completely packaged loan in itself? For instance, an original mortgage holds the value of the appraisal of the property, but once sliced and diced there is the “value of the property” separated from the “value of the income stream?” Sorry, I know I am reaching……………..but once one starts splitting up a nucleus into particles………….who knows what happens……….
some of the new CAT equipment kept in mothballs in Bangkok awaiting lease approvals….approved….so start diggin KCN.ax
(disclosure - I own a few)
CAT maybe one US firm doing well?
2003 was a long time ago in this gold bull.
I’ve never said that gold will rise “handily in a true period of Deflation” Personally I don’t think it will except in certain overvalued currencies like the NZ & Oz.
But what I do believe is, gold is liquidity, the only ‘true’ money and in a deflationary scenario virtually everything will be falling in value relative to gold. I do not look at gold relative to a currency but relative to its purchasing power.
You look at “reserves in the ground”, I look at financing to get the reserves out of the ground in the greatest credit crisis since the 30s!
I sure would appreciate some advice
-> Posted by sengfarmer @ 13:15 pm on July 23, 2008
////////////////////////////////////////////////////////////////////////////////////////////////////////
Used stock certificates myself years back.
Bank held them — and I’d put the batch in a Div Reinvestment plan prior to turning them over. Not sure how it works today, but ‘then’, they gave me a low interest loan around 5% for circa 50-60% of Stock Certificate face value.
Doubt if there are any who do that in these times.
So what happened in your transaction????? –
just to learn how these kind of transaction are going down in 2008.
…understandibly down today…
…i just wanted to share what you once told me….to lift his spirits….
,,,,i’m sure you just did…..
