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Well, it's either them or the tooth fairy. Just a question of whether you believe in the tooth fairy. But seriously, it's just the carry trade from the trillions of printed USD. Not really central banks but the bulge bracket firms that have doing it.

Took you that long to figure out? I mean really, it's not like they ever claimed to make matters fair on Wall Street.

You're missing the point. The MODERN capitalist system would be crippled by full reserve banking, as it is completely dependent on endless growth of credit. Most of Wall Street would be gone with full reserve banking.

You are aware that money and commerce have quite a long history that goes way beyond the current times, right? I'm assuming you had a brain fart, cause that is one of the dumbest comments I have seen regarding economics.

Their group leader had capital to back the traders. Many firms will require more risk deposit if you trade direct through them. However, you can also negotiate lower rates as you do not need to pay the overrides to the group leader.

What? Are you using the official CPI numbers? Gold is actually lagging real inflation.

Ok wait, so you quit your job at a small trading firm, then did god knows what to save money for starting capital to trade for yourself and then once you started trading, things magically and instantly changed for the better all around? Uhm, WHAT?

They are doing their jobs and obviously doing them well if you think that it's just stupidity and incompetence that brought the world to its current situation. This whole process is controlled with a few wild cards. Mad Max scenario is not a wanted outcome. A collapse and distrust in all...

What is your obsession with these boards, surf? Seriously, you got banned, again, get over it and move on. Go take a vacation or go spend more time at Cipriani's (god know why you love that place, but that's another discussion)

Well why don't you make a post discussing it here or start a thread, as there are quite a few of us that do buy physical bullion.

IB analyst, as I thought. You make about as much as a McDonalds manager on an hourly basis. Hmm, I wonder which firm, I'm guessing possibly Goldman since it's downtown. Or maybe DB. Anyway, the reality is that you are not going to make anywhere near 80k as a daytrader. Likely scenario is...

The lower rates that the debt consolidation company gets are through special hardship programs that the CC companies have set up. You can get to them yourself. If you have missed payments, they are are actually easier to get into.

It depends. As a trader, you still follow the 9-5 type schedule of the markets, so it does feel like a job. The obvious benefits are there, but they all come at a risk. Starting your own company or venture depends on the type, as it could be more meeting & phone oriented with flexible...

You said they have been trading for nearly a decade and consistently positive. If he is sooooo talented, I'm sure he can put up the capital. Isn't he positive now? Maybe he should not get a check cut. Additionally, the firm would work things out with them if they are consistently...

So he has been trading for almost a decade but is still very young? Did he start trading at 12 years old?

Nowhere did he imply that the elite are stupid. Not sure how you even derive that. A neo-feudal utopia with a controlled population of serfs is not exactly a stupid goal for the elite.

Can you post a blotter of your entries?

So are you selling? Do you have any physical you are getting rid off?

You're obviously a welfare case and do not pay taxes, nor care about USD devaluation, as you should be complaining as well. I guess it's hard for you to keep up to date, but last I checked, GS "won" by getting bailouts from US government and the FED via four routes, all while they should have...

The deal would be the generally same offsite (remote) or on-site. Sometimes remote has an extra charge for connectivity. In general, the reason you would want to trade on-site is for the environment of being with other traders. The right group of traders can make a big difference in your P&L...