DB is the proverbial “canary in the coalmine” for Europe. Perched atop one of the largest derivatives books in Europe, DB has ties to most major financial institutions in the region.
Diving into some of most burning questions on gold, USD, the yen, China, and more
Nobody could have foreseen this. Nobody. In other news, Ben Bernanke has just ordered an extra absorbent set of Huggies.
Time for some force majeure announcements from the TBTFs.
There is no inflation.
Yes, my 12K Ag investment is now worth about 20K, and all within a 6 month timeframe.
I'm supposed to be happy about this, right?
depends what your strategy is. If you are a trader, you should not be happy until you book those returns.
If you are waiting for the collapse of fiat money, then "happy" might not fit.
The gold/silver bugs make me chuckle at times... be careful what you wish for...
Thanks to Eric Sprott...
Something Wicked This Way Comes.
Been humming Silent Running a lot lately...
Should BTFD now simply be B?
Sprott or QE3 being priced in?
Look at the 5 year price and it really looks like silver hasn't hit any kind of real resistance as it is rocketing upward. I was trying to time my buy today but then I just said fuck it. I'm in long so I will bareknuckle any dips.
I share your sentiment.
I own the stuff, but I sure hope to hell I never have to use it.
Why not? I have about 148kilos in silver coins and bars laying arround AND I SURE DIDN'T BUY THEM FOR FUN!!
But they may tone for another few years before I chip them in unless I would really need them.
What's your address again? >:)
5 Place Victor Hugo, Brussels...
Pick me up some chocolate if you can... be sure to hit Chez Leon for some moules-frites as well....
exactly, but that hope is quickly dissipating
LOL. That's a sentiment I share as well! I'm not all that optimistic...
You will need to use it. You will also need a faradized suit.
And directed energy man-portable weapons.
Who manufactures these faradized suits and for what frequency range?
Are you implying that the G.I Joe movie was prescient?
Prudent planning is not wishing.
Doing nothing is wishing the future is not too cruel.
You fiat phreaks make me wonder...
Me, a fiat phreak??
You obviously do not read what I post very closely...
Errata: "Phiat Phreaks"
"Phlailing, Phloundering, Phucking Phiat Phreaks"
Sound money should not be percieved as negative.
I own gold, silver, property and cash. The gold and silver is only since 2008 I own it because I believe I have to a disaster insurance, NOT because I a hoping for a crash.
I remember looking at gold back in 2004 after reading Richard Duncans book The Dollar Crisis thankfully I hedged out of equities and into cash.
One final thing I will add is there are likely gold / silver bugs who have stacked a certain amount of metal and are hoping that at a certain ratio they can exchange for land or a house etc.. So in that context I don't think thats bad. No different really from putting money into Google, Microsoft etc.. and hoping in a few years time you can enjoy some big gains.
Mixed feeliings for sure, since I do have a few things laying around that are valued in USD. I didn't have the guts to go all in on gold and silver last year.
Neither did I, I wanted something more stable than metals so I bought into oil companies and emerging market ETFs. They are both doing pretty good considering...
Everyone likes to talk about when gold goes up, 3% is not bad considering the losses it's taken over the months, but there are dozens of better investments out there. My Chevron (CVX) stock goes up 1.2% today, steady reliable growth that I don't have to bite my fingernails over.
The only people happy when they have to use their insurance policies are the one's holding the torches.
or those that can cash in on jooish lightning like the benster.
Lol! That means you bought around the same time as I did or same price point, Sep last year. The tricky part is if you are using it as insurance as I am primarily you cannot really sell it. If you do you have to buy back in at the current price. If it goes exponential you're OK with either price point, but if you sold out and did not repurchase then you're screwed. Tough call, but congrats! It does feel good to make a good call. I wanted to buy silver at $9.42 but I was busy getting laid off and moving. Wish I'd risked a few G's.
That's what I'm saying, but nobody on this site seems to listen!
It's just transitory.
Mervyn King keeps insisting inflation in the UK is temporary, even as it breaks from 4.0% in Jan to 4.4% in Feb. In fact, it has been "temporary" for the past 18 months.
Of course, he also tells us to expect 5.0% by the end of the year, due to more "temporary" factors.
On a long enough time frame, everything is temporary.
Merv's just a visionary.
Merv is just temporary.
To rephrase Merv: "In the long run we're all dead."
She had spent a year, picking worn rail from abandoned branches to patch the rail of the main line. She had spent months fighting the men of Jim's Board of Directors, who said that the national emergency was only temporary and a track that had lasted for ten years could well last for another winter, until spring, when conditions would improve, as Mr. Wesley Mouch had promised. Three weeks ago, she had made them authorize the purchase of sixty thousand tons of new rail; it could do no more than make a few patches across the continent in the worst divisions, but it was all she had been able to obtain from them.
I know this. Is that from Atlas Shrugged?
...and you can see it on the big screen (pt. 1 - Atlas Shrugged) on April 15th. Who could have imagined Ayn got our current situation so right - writing more than more than 50 years ago? Genius....
It's just all bullshit. Ya' know, I'm gettin' this sneakin' feelin' that people's in the financial community (least all the buggers that I know and that's a pretty broad sample set) are just gettin' plain old tired, fatigued by the Bullshit Quotient and the Credibility Gap.Where, oh where do we place our bets at times like these? Real assets... commodities, PM's.....Just tired of dealin' with the BS that accompanies good old fashioned capital market investments....That's what I'm hearin' from the troops, folks.
+$1450 / +$39. I'm with the troops.
+ FOFOA 2011 - Year of R - P - G
And coz it really opened my eyes, in the middle of the above link:
From a Friend
Ref: "In other words, the current price of gold means that you are buying a slice of the world’s gold supply with a proportionately smaller slice of the world’s money. You can currently buy x% of the world’s gold with y% of the world’s money, where x is much bigger than y. When gold will become the unit of account of the world’s wealth, you will find yourself able to claim a much bigger slice of that wealth than you would have been able to do with fiat money before the collapse."
There is inflation but it is "transient", obviously.
2011 gold forecasts from the 5 members of the London Gold Fix:
1. Barclays - $1,620/oz
2. Scotia Mocatta - $1,500/oz-$1,600/oz
3. Deutsche - $1,500/oz and $2,000/oz by 2012
4. Societe General - $1,550/oz
5. HSBC - $1,550/oz
And Goldman Sachs - $1,690/oz
They may be all a little too conservative!
A little? Like these in your avatar?
I saw it...with my Bernank-Ray Vision Glasses I bought from ZH.
I see $50 silver soon.
Tips: tips [ at ] zerohedge.com
General: info [ at ] zerohedge.com
Legal: legal [ at ] zerohedge.com
Advertising: ads [ at ] zerohedge.com
Abuse/Complaints: abuse [ at ] zerohedge.com
Advertise With Us
Make sure to read our "How To [Read/Tip Off] Zero Hedge Without Attracting The Interest Of [Human Resources/The Treasury/Black Helicopters]" Guide
How to report offensive comments
Notice on Racial Discrimination.