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Obama and Bush are both Nazis. Except Obama was awarded the Noble Nobel Peace Prize which makes him a good Nazi. The world government sock puppet Obama ordered the military to kill 3 three U.S. citizens who were not engaged in combat against US forces. And the military obeyed these orders, a...

Hello hedron: Yes some body got rich from the CHF action, and you can be sure there's an snb banker some where who doesn't have to worry about his job because he...;) See JPMorgan Chase forex traders made up to $300 million profit from soaring Swiss franc January 28, 2015 By Kelvin Ching...

Hello Chris Mac: Thanks for the gold analysis. Yes those prices look like great entry points. Is your chart from Interactive Brokers ?

Hello Chris Mac: Thanks for the answers to my questions, great explanations. It helps a lot. Good luck on your trading. Anubis

Hello Chris Mac: Thanks. I see. Timing is key. So why did you get heavily long equities 15th of October 14 which was great timing and then two weeks ago short the US markets and long US bonds ? That is absolutely amazing. It seems to me the day after 15th of October 14 equities could have just...

Hello Nobody: Some one told me nobody knows the future. So how high do you think gold will go in the next 12 months ? I must be going crazy. I'm actually asking nobody for help. Usually I just talk to myself. :)

Hello Chris Mac: Congratulations on your Swiss PEG insights. I am curious on how you formulated a trade for that event. Did you just place a EURCHF sell stop order perhaps ? How exactly did you take advantage of such an event if you don't mind saying ?

Hello MushinSeeker: You said you wanted to know “what pairs to avoid”. So here's a heads up from Oanda that just came in today. From: Oanda Wednesday, January 21, 2015 Subject: URGENT: CHF, SEK, NOK MARGIN CHANGE ... If you trade CHF, SEK, NOK action may be required. Effective 6:00 PM...

I think what MushinSeeker wants to know maybe is how to rate the probability of Black Swan events occurring for various markets. For example how would some one have rated the Swiss franc euro peg collapsing as more probable then say the yuan dollar peg or any other peg ? So does any one have...

Hello volpunter: If you're account can be replenished readily as in you're day job can recover the losses readily, then sure may be just one time. If you couldn't recover your account readily or even in your life time then of course not. As you say it is best think in terms of risk-adjusted...

Hello Maverick74: Yes it does, thanks. So what were the short term benefits that the Swiss hoped to achieve ?

Hello Maverick74: Thanks for the reply, but I am not sure why you say it would have worked out and then say all pegs eventually fail. It seems that the fixed exchange rate system was a bad idea from the beginning. How would the peg have worked and not eventually fail ? The impossible trinity...

Hello Maverick74: Can you please explain why the Swiss had the peg to the Euro in the first place ? It seems to me that having a fixed exchange rate would have been a bad idea for the Swiss in the first place since it opens their economy up to the very problem which caused them to abandon the...

Hello gwb-trading: Thanks for your post. I read the Sachs article. Sachs does give some excellent criticisms of Krugman, for example saying about Krugman: “The recovery, according to Krugman, has come not despite the austerity he railed against for years, but because we “seem to have stopped...

Hello Gloria: And what do you now believe is the answer to your thread question after all of the replies posted on your thread so far ?

Hello maler: Thanks for your post. It is certainly the best post on this thread so far. Who would have thought that Alan Greenspan who wrote this in 1966 had so many nice things to say about gold and so many bad things to say about creating money out of thin air. Gold and Economic Freedom by...

Hello running_bare: You say “First, Gold has never been the actual medium of exchange (one of the definitions of money).” Perhaps my definition of gold as a medium of exchange should be rephrased to say money based on gold. This is a fact of history as you pointed out. For example the...

Hello Gloria: You ask in reply to my answer to your first question about gold: “ideal form of money doesn't explain why it worth anything in current time. No one uses gold as real currency anymore.” An excellent question which goes to the heart of economics, namely the theory of value. Ask...

Paul Krugman belongs to the let's party party, Also known as the Keynesian party. Max those credit cards out and when they hit their limit go to daddy the Federal Reserve and ask for more money. As a disciple of Keynes his economics says lower interest rates to zero or lower and when that fails...

Hello Gloria: You said "Then why not country stores oil instead of gold?" Previous posters have already given many of the good reasons why gold versus oil. A short lesson on money summarizing why gold is the ideal form of money may make it more clear. For a commodity to be used as money...