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there is plenty of cash - in fact much more than the last year. you confuse currency with credit (and likely with money supply too). that's why you won't understand why gold can perform well...

to allow not to MtM is the worst idea ever - even worse than to forbid shorting. nobody will ever believe anything after this is implemented because everybody will be able to say whatever they like....

no - but maybe you can educate me... by the way my point was not about a chemical composition of fiat...

what's wrong with natural resources? US will need a lot of lumber for all the printing... it's all upside down. people believe in cash more with every additional dollar printed, i.e. more you print more you want it - like crack. this can't last forever.

http://www.bloomberg.com/avp/avp.htm?N=av&T=Faber%20Says%20U.S.%20Stimulus%20May%20Lead%20to%20%60Dire%20Consequences%27&clipSRC=mms://media2.bloomberg.com/cache/vJxYIrQzGc8Q.asf always love this guy...:cool:

i second that feeling. also typical how jf*cheerleader compansates lack of substance in his posts by loads of aggressivity...

mach700 - go back to obscurity. your deductions are worthless. HMS Victory had 4 tonnes of gold on board...

to put HMS Victory find in perspective note that: 1. it is not yet clear whether the find is going to be allowed to be recovered. 2. if it is going to be recovered then not all gold coins will make it to the market. additionally it would make it to the market during several years - not in...

gold exists for millennia, dollar in its present form for 37 years, euro for 10 years. so what is a better yardstick of value over longer period of time? there are good reasons why gold is THE metal that was used as money and store of value over centuries - try to figure out why before you...

if something is quasi-reliqion then it is a fiat currency, not the gold currency... p.s. for makloda newbies from investopedia: What Does Fiat Money Mean? Currency that a government has declared to be legal tender, despite the fact that it has no intrinsic value and is not backed by...

go home! and i am serious. the rule number one in currency exposure is if you don't know for sure (which you almost never do) you should match your payables with receivables. for instance if you are US based you should stay in the US dollar and protect against debasement via different...

:confused: :confused: :confused: looks like a starting bull market to me...

i was waiting ;) i give you japan - but let's face it US won only after using A-Bomb on civilians - you can't do this today! with respect to europe - i was intentionally talking about singlehandedly because i did not want to argue about who achieved what in WW2. but it is a well know fact...

this is a funny quote. which countries could usa kick the shit out of? could you please name them (the important ones)? or maybe you can name a single international war in the past 100 years that usa clearly won on their own? usa is scared shit for their economic well being - they are not...

last time i checked the fed balance sheet the fed still did not touch the market at all, i.e. they are not buying yet.

great post. i could second it from my experience. however i have heard that in the past 2 years the atmosphere changed quite a bit - and attitude especially to foreigners. but that will be likely similar in nyc.

not sure. but guess there is. there is definitely a withholding tax on stock dividends.... but don't worry dont - coupons on on-the-runs are close to zero anyway :D

almost looks like the market is happy that jobs is out - insane.

with aapl down only twice as much as S&P since yesterday's close it looks like a non event. but i don't agree. many people were in aapl mainly because of the visionary qualities of jobs. without him it is another big tech firm - like msft. stock price will act accordingly in due time.

you always succeed in "pissing me off" :D it is below zero where i am. have one capirinha (at least) to northerners.