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Real estate crashed practicly globaly. Stocks crashed the hardest since 1929. All comodities crashed 50% to 80%. Currencies plunged. And yet Gold has done just fine during 'the biggest deflationary crisis of the last 100 years' as Roubini calls it himself. Where was the...

There is no "european" banking system or "Amerikan" banking system I would think. It's all global. Did you know for instance ING has 14 million customers in the US alone?

Well, what makes owning commodities so different is that it can never go to zero.:) I'd bet a few million people around the world would settle for such a deal today. But anyway, sure, it's a guess as good as any other.

Confronted with the volatility in the commodity markets he always argues: Gold went down 50% in the seventies before spiking up 800%. Oil fell 50% 3 times this decade before going to 150$ a barrel. Not smart enough to time short term movements so just pick a trade based on fundamentals...

Rogers is like the Robert de Niro of investing. Brilliant in what he does but they keep casting him in the same crap scenery. "So Jim, you think the markets will go up or down?" 'So Jim, you like gold?" So Jim, you still bearish on the dollar." It's a shame. When you read his...

Indeed. Or how about the great Marc Faber. U S will default on debt or enter hyperinflation http://www.youtube.com/watch?v=loa92ZG1KV8

With all due respect but what is there more to talk about. Either the goldbugs got it right and they will be living like kings the next decade or They are just as dumb as those still flipping condos back in 2007. Who knows.:) 500$ gold or 3000$gold? Time will tell. Cheers.

September 08 Albert Edwards, global strategist at Société Générale, said Washington's serial bail-outs are the inevitable result of the credit bubble of preceding years. "This was all baked in the cake long ago. What we have seen so far is just a dress rehearsal for the deep recession...

lol The French have maybe spend 30 billion so fare to save their banks. That wouldnt even cover the bonusses at JP Morgan and Goldman Sachs paid for with Tarp Money.

Goldstocks have also been performing great despite the relative flatness in spot price of gold.

I guess the logic behind it was that F&F have a 5 trillion $ balance sheet, leveraged 150 to 1.... That combined with say a 30% default rate (as more or less happened during the depression in the 30's) should cost the US taxpayer at least a few trillions which the US doesnt have so they...

Peter Schiff said the bailout of F&F will result in 5000$ gold. Fingers crossed.:)

http://www.gmo.com/websitecontent/JGLetter_1Q09.pdf His latest full newsletter.

Why not? They do it in Holland. :)

Yikes.:eek: Do you guys see any end to this sellof? Cheers.

Peter Schiff warned it would come to this quite some time ago. He was against it.:) Why destroy assets that are worth something? Perhaps nowhere near as much as thought before but still worth something.

Didnt FDR pour cowmilk in the sewer to try and prop up prices? Didnt work I believe.

You don't. It's a scam. Diamond prices have totaly collapsed. No demand everywhere. Better of buying a condo in Vegas.

achilles28, do you believe a grand scale nationalisation of the major US banks is still an option somewhere in the future as political capital to recapitalise these stocklisted banks will or already has evaporated? Thanks.

Look, you say it's stupid to diss Hugh Hendry cause he was short and stocks rallied for the next week. I agree. He is not giving short term investment advice and that's fine. He is telling people his view on how to protect your build up wealth these next few years. Deflationary...