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Once you get beyond the initial shock and revulsion of understanding the scam, these Fed announcements can become quite amusing - well, unless you have a pension that is.

Just buy physical bullion - btw, Kitco is not a great price - try tulving.com or golddealer.com. Even better, if you can afford it, take delivery of a futures contract. An ETF is your second best bet - low annual fees and minimal slippage but you will get dinged bad for short term capital...

Buckminster Fuller once said something to the effect, "the human race could live like kings if we only chose to". When you think of all the inefficiency in the economy it is amazing. So many people putting their effort into stealing from one another rather than producing. If you ever worked...

I liked it better without nuance. This is supposedly "elite" trader after all.

It is a nice message to send, but I don't see the practical effect of the Utah law. The problem is that any asset you have will be gradually confiscated by capital gains tax under an inflating currency. In the end, the people will still lose their savings and the banks/Fed will still be there...

It is surprising so many supposed traders don't even understand the fundamentals of pricing. Spot price is determined by people taking delivery. So the only way "speculators" affect spot price is by putting product into storage. Storage is relatively minor for most commodities...

Gold will NEVER sustain above $500 /oz. (Wall Street Journal - 2005)

Oh I suppose if you think Ben means anything he says, then yeah you might be confused. I'll let you in on a little secret though, these guys lie. Ben has a cushy job handing out money to the banking moguls who put him there. He will spout whatever Keynesian crap fits the banking industry's...

high volume = small spread low volume = big spread

It's not about creating jobs, it's about creating and throwing more dollars out into the market. This infusion of currency stops the banking loan system from de-leveraging and banks from incurring losses. Wouldn't want our banking masters to lose control would we?

If this is true, then within a few years all traders should be minority women. The market is color blind - hell, for the first time in history, you can make millions trading and never even speak to another human. The current makeup of successful private traders compared to the general...

I hear this type of argument all the time. People seem to forget that most services you actually use: schools, police, roads - are supposed to come from property and gas taxes. I don't mind paying those either. And if someone does mind then they have the freedom to move to another...

China sell US bonds Bernanke buy back US bonds without blinky eye China take US dollars from Bernanke and buy lotsa stuff Everything get very expensive cause China bidding up price US sheeple rant and rave in impotent rage

First of all most of Wall Street is just shaving commissions in various formats, not actually "trading". As for the advantage of the small percentage of actual traders there, it mostly boils down to risking LOANED money and having political clout to force bailouts of their bad bets...

If you are selling under $1,000: Open your yellow pages, look under coin dealers, call the biggest dealers and ask their buy/sell prices for your type of bullion in relation to spot, carry the metal to the best dealer. If selling over $1,000 it is probably worth your trouble to mail the...

Ferdinand, here's how it works in the real world: economists and the media will come up with endless convoluted explanations for the economic policies which are most advantageous to the factions in power. A little common sense, however, will tell you a few things. When debt or...

Wow I remember this thread from a year ago. IMO all you can do is live to your own morals and protect yourself from theft. Instead of spewing impotent rage at the defaulters, why not consider what allows this? I personally could care less if a bank is defaulted on by a deadbeat - just one...

Let's face it, everyone who looks at the data with an open mind will see that there are clear racial & gender differences in many areas. Many people are simply in denial about this fact. As a society, we have been strongly conditioned to deny racial & gender differences. Some people cling...

Deadbroke I haven't got time to read thru your whole thread, could you please just tell us what your exact trade is and how much money you have riding on it? That would make for great amusement. If you have no position, which is my guess, then why not focus on your pathetic job, stop...

Excellent topic. Offhand I'd guess the world's response would be too uncoordinated. That is assuming that in the fast game there was still any time for strategy on the part of the top player. Now if they were playing mahjong or something of pure memory, or simply spotting immediate moves...