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Today's Winner: Gold
Today's main winning asset class was gold, with ongoing weakness across most other assets, except for bonds of course, which continues to price in concerns about deflation. The divergence we noted so frequently last week, between stocks and bonds is now a thing of the past, and has been replaced by that between gold and bonds. Yet gold's rise is hardly driven by expectations of inflation as oil, a much more inflation sensitive commodity tanked. In other words, the QE lite thesis is playing out as predicted, although Goldman's prediction yesterday about a surge in gold likely also put the idiot mutual fund money in the bid for spot. Technically, gold is parked at resistance at the highest level over the past 40 days. All those who have been frothing about an imminent liquidation-induced plunge like that experienced on July 16, have been silenced. Should the 1,220 resistance be breached tomorrow, the next level to keep track of will be the record highs from June. At that point whether the LBMA will follow up with its patented choke (g)old, is anyone's guess.
And for the Fib fans, gold has now retraced 50% of the recent drop from the all time high of $1265.
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Tyler:
Credit Suisse Follows Barclays in LayoffsAugust 12, 2010, 2:47 am
Credit Suisse Group, the giant Swiss bank, said it will follow Barclays in making staff cuts.
“We are currently reducing headcount by approximately 75 in the United Kingdom in the investment bank and certain support functions,” the Zurich-based bank said in an e-mailed statement. “This involves both shifting resources to growth areas and adjusting capacity to meet client needs and to manage costs across the business,” the bank added.
Barclays Capital, the investment-banking arm of Barclays Group, is eliminating about 400 information-technology workers and support staff, a person told DealBook on Wednesday. While both cuts are said to be routine, they follow a difficult quarter for large banks, where deal flow is slow and trading profits thinner than previous periods.
Since bob went O/T, I will too, for a moment! Anyone who pulled $500 from the ATMs is welcome to brag about it in this thread. I did!
...
Since GS went in for gold going up, I may just wait a little while before I buy more (physical). But, I will not wait long. I will sleep a tad better once I am at 7% of my net in gold.
sleep wit G Gordon will ya!
I withdrew $500
http://www.youtube.com/watch?v=HM-E2H1ChJM
anyone seen that idiot Johhnt Bravo????
He's hunkered over the trough swilling his lunch, but perhaps I can fill in for him:
Anyone who bought gold at 1260 and sold today lost money. My predictions are always right.
And the dollar has gained value since 1985!
And Akak predicted $25,000 gold, because he made a joke to that effect!
And there are only two possible outcomes to the current economic situation: a continuation of the status-quo, or Armageddon and a "Mad Max" world! NOTHING else is possible!
And inflation is what brings us true prosperity!
And my predictions are always correct!
(Believe it or not, JB said all those things today!)
Oh, and the middle ground of Mad Max and "Smiling Ben" (sorry, I like that better), is what we have at present.
Strikes, food shortages, escalating fuel prices won't ever happen anywhere as the result of overt and covert monetization.
No, I think that all those things will happen next week, when the United States becomes Zimbabwe, and our currency is worth 5 cents and we're all eating canned ham and cleaning our AR's.
This will be right before gold hits 2000 on the way to 25000 and then 54000.
Gold is the only real money. Please give me your dollars so I can use them for toilet paper.
That's all the dollar will be worth in three months.
Remember, the U.S. = Zimbabwe. We have no differences in our economy whatsoever.
I will be cleaning my AK, Sr. VP Bravo. :)
I like the AK, cause it has big bullets and you can roll it in the mud and still shoot it.
I like the AR / M16 family for accuracy though... even a novice can hit targets at 200 yards!
Yep AK, takes a lickin' keeps on tickin'.
I still like my AR better though, I think. I have both.
Sure, but even if you hit something (man, mineral or vegetable) with 5.56mm, that's no guarantee you're gonna stop it.
I simply prefer 7.62mm (fired from something more accurate than an AK, thank you), because when you do hit your target, it generally goes down and stays down.
It's a pretty simple equation: bigger bullets = better kills.
So what do you shoot your 7.62x39 from then?
Disclosure: Not an AK shooter.
I have only shot friends' AKs. I have never owned a 7.62mm rifle.
Me wants ones though. It would be very precious to me, very precious indeed.
Doing my research now, trying to see what the best option is. It may be that I end up with an AK myself, but I like to think that something better's been created in the last 60 years or so.
A buddy of mine recently bought one of these:
http://sigsauer.com/Products/ShowCatalogProductDetails.aspx?categoryid=3...
5.56, but I'll still be shittin' gold nuggets when he lets me shoot a few clips at the range.
How about something in the order of this:
http://www.dpmsinc.com/store/products/?prod=5355
AR, direct gas platform, 7.62 NATO. A little snappier than x39, but better round in every aspect except maybe price. Still have excellent availability if SHTF.
Also 100% made in USA.
The sportical is one of the entry level .308 AR's, if you really want to reach out and touch someone, look at:
http://www.dpmsinc.com/firearms/firearm.aspx?id=19
***To whoever junked my question/comment about not shooting AK - Go fuck yourself. I never said there was anything wrong with them, I was trying to keep bias out of the question. That being said, I hope your commie, pinko, sheet metal stamped parts p.o.s. blows up in your face.
That is a sweet-lookin' piece of death machinery. I love it!
I'd love to find some expert reviews. Guess I gotta subscribe to Guns & Ammo!
Sgt. Skull's Basic Combat Shooting Course
http://www.survivalistboards.com/showthread.php?t=89544&highlight=CHITTUM
Interesting content. Thanks for the link, Attila.
I have to disagree somewhat with your comment on the 5.56mm round relative to stopping power. The newer 75-77 grain hollow-points (need a 1 in 7 or 8 twist barrel) and the 55 grain M-193 are impressive to say the least. The latter round being available as surplus and both have very effective penetration and stopping power. NATO decided to use the 62 grain SS-109 steel penetrator bullet and these rounds have been less than effective (lethality) in Iraq and Afghanistan.
Sure, but how prevalent is the ammo you speak of? I guess any 5.56mm rifle is better than no rifle at all and with the ubiquity of available 5.56mm ammo in the US, it would be silly NOT to have a rifle that fired such caliber.
But we all can have our favorites, eh?
I have a 1917 Enfield 30-06, old WWI gun with the stock cut down and a scope. Deadly accurate. Bolt action, though.
Damn, that must be HEAVY. But solid.
I've shot some nice groups on the einy but it's not as accurate as the .303 british. I have the spanish mauser that was used to develope the .308 cartridge. But it shoots like crap cause the barrel is nearly shot out.
I just love any small ring or large ring mauser.
Remember, the U.S. = Zimbabwe. We have no differences in our economy whatsoever.
No one on this forum has ever said that except you. The reason why people bring up Zimbabwe is simple. You praise inflation as the creator of new technology and the driver of increased productivity while that simply isn't true. And the most obvious example one might employ to dispel your fallacious observations regarding inflation is Zimbabwe.
Get it Johnny? Nobody says that "the US is just like Zimbabwe." We say, "If inflation is a boon to an economy as you suggest, what went wrong in Zimbabwe?"
Would you like to stop beating the straw man and answer that question for once?
Because there's no similarity to the current situation and anything that happened in Zimbabwe.
Inflation IS growth. Without inflation, prices would never increase, and neither would profits.
2% inflation is good. 200000% is not good.
Yet, as long as the money supply does not exceed asset prices, we will not see inflation at all!
I'm not the one who mentions Zimbabwe. It's goldbugs. I merely point out how false the analogy is. First, we're not a backward ass African country with a two cent dictator for one. We have the reserve currency. We have the biggest economy in the world. We have the biggest military in the world.
All of those things will ensure that there isn't even a similarity in outcome.
Inflation IS growth. Without inflation, prices would never increase, and neither would profits.
There was price deflation in the United States throughout the nineteenth century. So you believe that the American economy was smaller in 1900 than it was in 1801? Would you care to provide some specific examples of that for us, Johnny? I was under the impression that the Industrial Revolution changed the face of America in that century, that the US had gone from horse drawn carts to locomotives, automobiles and on to the verge of air transport. I thought that the time it took for a message to cross the continent went from several months to several seconds, first with the invention of the telegraph and then the telephone. I thought that the average person enjoyed the changes in their choices of entertainment which went from watching the occasional traveling road show and amateur bird call presentation to listening to virtuosos on the phonograph and watching moving pictures.
But none of that happened because there was deflation instead of inflation, right Johnny?
I posted a reply but it's gone. Hmmmm....
No,
you didn't.
.
Pathetic. I responded with a reasonable middle ground territory, and rather to respond to that, you take it to a Mad Max scenario.
Are you as bankrupt as your arguments, or does JPM keep you above water? It sure as hell can't be the lead in your brain which does.
This IS the middle ground!
Is that so hard for you to grasp?
Is the situation in Greece so hard for you to grasp?
Is the notion that we're not even comparable to Greece so hard to grasp?
There isn't one similarity you can mention between the U.S. and those boy lovers that is relevant.
We're not some little piss poor third world Eastern European country using somebody else's currency, with a 5 billion dollar economy.
Greece was put in the situation it currently is through deficit spending. But I guess it's totally different when the US does it.
Oh, and your arrogant, obnoxious attitude really suits you. "little piss poor third world Eastern European country" - there's so many things factually wrong with that sentence, I don't even know where to start.
It is totally different when the US does it.
First, we have a central bank, and Greece doesn't. We have the world's reserve currency. We have the world's largest economy.
Those things alone make a huge difference.
Is Greece not poor? Are they not in Eastern Europe? Maybe they're in the second world. Otherwise, I don't see what is so factually wrong with that statement.
You can't even compare the U.S. to Greece. There isn't even a remote similarity at al, except that Republicans tell you there is.
er.. there is at least one, youre actually more broke and indebted than them.
much more in fact.
No we're not. We didn't have to go begging to keep our country from defaulting.
We don't have other countries bailing us out.
It's statements like that, that demonstrate the ignorance of your youth and strip ANY credibility from your argument.
Yep.
JB thinks that math works differently as your numbers get larger. He does not understand how asinine this assumption is, because he is fundamentally dishonest.
To respond at all ohnny Bravo is to encourage him. Ignore him completely.
Good one Jonny!
You are correct sir, gold is going to 200 like you predicted, not today, it's up ... but soon it will get there,
Now I'm even complimenting myself, since I'm obviously Nadler. Wow, what has the world come to?
You wanna man up about it, JB? I'll tell you what, one year from today (September 12th, 2011) you can give me one American gold eagle for today's price from APMEX, including delivery, which comes to $1297.84. You can cover this bet at any time you wish, but I will deliver payment (say via paypal, or a similar service), which will be credited to your account upon my receipt of the gold.
This bet is perfect for you and your fellow gold trolls, because it rewards or punishes based upon how right or wrong the given party is. Know that I will only accept physical delivery of an American Gold Eagle. This means that even if spot is $250, and you find that you have to pay a $7000 premium to get physical bullion, you still must pay it. Of course, if spot is $250, and an eagle is available for $50 more than that, you will prfit handsomely.
What do you say? Are you man or coward?
The dollar has gained value since 1985, relative to other currencies.
You were saying we should have a zerohedge convention at 25000. I already posted that, you saw it, and you can't deny it.
Look at your posts. You're not joking at all in here!
http://www.zerohedge.com/article/gold-assumptions-vs-reality
I never said that there are only two outcomes, but we ARE exactly in between the best and worse case scenarios (for those of you that can do math)
Inflation IS a good thing.
And, my predictions regarding gold HAVE been correct.
You can't post one that's wrong!
Again: Utter nonsense and lies!
Hey everyone, are you all enjoying that APPRECIATING dollar since 1985! I know my cost of living has dropped since then --- how about yours?
(Johnny, that is called a joke, so don't go quoting me hereafter and try to claim that I actually said that my cost of living has fallen since 1985!)
And thank you for once again stating outright that "inflation is a good thing"! It only goes to completely discredit you as any sort of intelligent or knowledgeable, much less honest, human being. I suggest we ask those Latin Americans who had their savings wiped out in the 1960s, 70s, 80s, and 90s about your thesis, much less the people of Zimbabwe more recently. And if you ever tried to peddle such insulting absurdities to several of my retired family members, you could count yourself lucky if you escaped with just a hard kick in the gonads!
Yeah, because I'm really afraid of you or your family members. Especially retired ones. LMAO!
You still don't see that the United States is different than Zimbabwe? Oh, okay. I guess you're right then.
You weren't joking when you were talking about your zero hedge convention at gold 25000. Anybody who reads the thread can see that. Read it in context and it just proves my point more.
Well whatever. Say I'm lying. Gold is breaking down now at this level. It made its fib retracement. If it breaks this level, the max is at 1300, with a stop at 1265.
Yet, that isn't going to happen. We'll see tomorrow. Until then, try to keep the personal attacks to a minimum, or I'll go cry to Tyler like you do!
1) You fail to address the point that inflation is hidden tax which funnels wealth from the average citizen to the government and the politically well-connected, and hits those who are retired or on fixed income the hardest. You deny the misery and financial destitution that inflation and currency devaluations and collapses have brought to hundreds of millions if not billions of people since the advent of the fiat currency age in the early 20th century.
2) You engage in the simplistic and oh-so-easily refuted argumentive tactic of the Boolean Fallacy --- "If not A, then B and only B" --- as well as strawmen arguments of your own creation and which exist only in your own mind. "If the status-quo does not hold, then the only possible outcome is a Mad Max world".
3) You continue to lie about some supposed prediction I made, when anyone reading hte thread can clearly read that I did NOT do so, and in fact expressed deep skepticism towards such a prediction.
Without inflation, there would be no growth. Without growth, there wouldn't be a growing economy. It's simple really.
Inflation = growth. Deflation = recession.
Inflation is necessary to some extent to grow the economy.
I'm not the one advocating a Mad Max world. Goldbugs are. 54000 an ounce? Okay, well the dollar would only have to decrease 98% for that to happen.
Oh, I guess that's logical.
I'm predicting GROWTH in the future, not the Mad Max scenario the "gold to 54000" crew is predicting.
And you did obviously think gold was going that high. You can read the thread, and anybody else can. You were all excited about meeting your buddy chumbawamba and the like. Post it. Let the people decide. I guarantee that the only reason you don't is because you know what you said.
Oh, I see. Growth IS inflation.
Right, so an increase in worker productivity is basically just us printing money at a faster rate.
Got it.
Money is only printed when there is an inefficient supply of dollars to meet supply.
Inflation comes before money printing. Printing money is just the way to ensure that people have enough money to cover the inflation.
Without the inflation, the economy would never grow.
OK, OK, I've got it. Tomorrow, I will talk my boss into me skiving off for the day. APPARENTLY, we just have to print money for making up for the lost productivity. That will make the economy grow, no need for anyone to work.
You obviously didn't listen to a damn thing I just said.
You're too busy making arguments that don't make sense.
Money printing comes AFTER growth, not before.
Everytime theres a gold thread its the same thing.
A few rational people simply 'suggest' gold probably wont reach $2000 by the next decade, then they get junked and called idiots; whereas the gold bugs suggest things like the apocalypse, and all is well and the +100000s come flying in.
Its a waste defending said theory here JB... then again itd be boring to be agreed with all the time as well.
why do they use the inflation argument, when m3 is in the toilet.. there are so many better reasons, but the simple will remain simple.
This is really spurious garbage.. not at all correct. Growth in a debt-based money system is growth of debt, which does not necessarily have to be associated with inflation, but certainly has been in recent history (1971). There is nothing that says you cannot grow the economy, aka GDP, aka total debt, without concommitant inflation. As long as goods vs dollars are in the same balance, i.e. both growing in availability, there will be no inflation. I am not saying that this is likely vs. the Bravo scenario.. just that is it in no way a mathematical identity.
Gold will keep going up here over the long term. We have been in a 30 year bull market for bonds... and we are just in the early stages (first 10 years) of a bull market in real money, real monetary metal whose value cannot be destroyed by Governments. Most people don't own Gold... but the awareness is growing. For God's sake, Cramer extrolls Gold at the end of every show now. They love Gold in India.. they are loving it in China more every day. If you have any ideas of owning Gold... buy now or you will for sure not have the balls to buy as it hits the next phase in it's exponential future. Once the true wealth of the world starts to pile in... you will be priced out.
Without inflation, there would be no growth. Without growth, there wouldn't be a growing economy. It's simple really.
There was price deflation in the United States throughout the nineteenth century. So you believe that the American economy was smaller in 1900 than it was in 1801? Would you care to provide some specific examples of that for us, Johnny?
I was under the impression that the Industrial Revolution changed the face of America in that century, that the US had gone from horse drawn carts to locomotives, automobiles and on to the verge of air transport. I thought that the time it took for a message to cross the continent went from several months to several seconds, first with the invention of the telegraph and then the telephone. I thought that the average person enjoyed the changes in their choices of entertainment which went from watching the occasional traveling road show and amateur bird call presentation to listening to virtuosos on the phonograph and watching moving pictures.
But none of that happened because there was deflation instead of inflation, right Johnny?
Except for that the fact that there was deflation during this time is not a fact at all.
I would love to see proof of this.
You don't have any though, do you?
Looks about even to me in terms of inflation versus deflation:
http://upload.wikimedia.org/wikipedia/commons/thumb/2/20/US_Historical_I...
Bravo:
You said: Looks about even to me in terms of inflation versus deflation: http://upload.wikimedia.org/wikipedia/commons/thumb/2/20/US_Historical_I...
Yes, it looks "about even" but there was a slight deflationary trend. But let's give you the benefit of the doubt and say it's "about even" -- that there was no net inflation or deflation. Where does that leave you?
You said: Inflation IS growth. Without inflation, prices would never increase, and neither would profits
and
Without inflation, there would be no growth. Without growth, there wouldn't be a growing economy. It's simple really.
So are you still insisting that there was no progress in the United States during the entire course of the Industrial Revolution? If there was no growth or profit, what specifically do you think made it so industrial and so revolutionary?
There was growth and profit.
Growth and profit does not go in a straight line, however.
Also, the industrial revolution didn't really take off until the end of the 19th century. You see a huge amount of inflation in the early part of the 20th century.
That's the cognitive dissonance speaking. As I detailed above and as any elementary school student could tell you (at least in my day) the 19th century was a period of explosive growth. You can deny that but that doesn't make it so.
Inflation didn't get off and running in the 20th century until after the birth of the Federal Reserve and WWI. In the 19th century there was something called "The Miracle of Compound Interest." You see, in a world of sound money and banking, people -- both rich and poor -- could put their savings in a bank and earn a rate of interest which grew their wealth. Importantly, the slight deflationary trend of the period (due to sound money and entrepreneurial expertise) meant that the money they saved did not lose purchasing power but, in fact, gained purchasing power.
That was a very good thing.
The Imaginary Evils of Deflation
Growth deflation should be the prevailing trend in a healthy progressing economy. It is only because of years of rampant money supply growth, endemic under a fiat currency system, that inflation has become the accepted norm. As Salerno notes, “throughout the nineteenth century and up until the First World War, a mild deflationary trend prevailed in the industrialized nations as rapid growth in the supplies of goods outpaced the gradual growth in money supply that occurred under the classical gold standard.”
http://mises.org/daily/1040
US today? - Zimbabwe, no. Future more than possible. Today - Greece. Feel better?
The dollar isn't going to decline by 98%, which is what it would take for the FOFOA prediction to come true.
The United States has nothing in common with Zimbabwe OR Greece. Well, maybe a little in common, but we are not economically similar.
There's a naughty boy here with homework to do.
I'm on break. Fall Semester starts 8/23. Summer semester ended 7/30.
With no girlfriend home today, what else will I do?
Revert back to your old handle?
LOL he doesn't really have a girlfriend. You're being gullible.
I'm so sorry to hear that you injured your right hand.
What a stupid post.
Actually, I thought it was kind of funny. It also just melded right in with the flow of the thread. Perfect.
CC,
Your avatar is a reflection of JB in the mirror (on a date). LOL
i was wondering really what that was a picture of? what is that, pray tell?
I was wondering myself actually but I have concluded it's a mirror image of Johnny Bravo....
That would be a picture of our esteemed Congressman, Barney Frank. You decide why you're looking at him from that angle.
it already did once
http://buygoldsilver.org/gold/
yes you are, youre just as fucked long term.
More fucked than who?
The Euro and Japan will default before we do.
The euro and japan will news as awful fucking crap. But it will be a molehill compared to America's problems.
Also, please post my incorrect prediction. Thanks!
You have been saying that gold will go to 800 for almost a year now. How about that for starters?
Hey moron, you're wrong in this post. THIS VERY POST.
The USDX was 150 in 1985. It's what, 82 today? Damn near cut in half VERSUS OTHER CURRENCIES. That's not to mention anything about the loss of purchasing power of ALL currencies versus real goods.
With hindsight that poor, I'm not sure I would lend any credence to your foresight.
And EVERYONE who EVER bought gold, bought at the highest price ever and sold lower.
FACT!
Yes, EVERYONE who ever bought gold bought it at its interday high of $850 on January 25th, 1980! Gold was NEVER purchased at any other time by anyone!
(Don't annoy me with the fact that probably far less than 1% of all the gold ever bought by Americans was purchased when gold was anywhere near its high in January of 1980!)
I'll tell u one thing. Indian public has almost 15000 tonnes of gold and now there is more than 25000 tonnes gold. India is the riches country in the world now.
As it was once before. The British didn't rape the place just because they enjoyed a nice curry.
What do you call the people saying "back up the truck" at 1240?
Oh, my bad... that was 20 bucks less than the highest price ever.
Gold has made its retracement. It is now not going higher. Have a nice day.
Ill say it right now...
Buy at 1240
See you in 2 years fuck nuts.
You'll see me when I'm volunteering and the soup kitchen, and you're eating there!
Oh, you called me fuck nuts. Maybe I should go cry to Tyler to have you banned now.
Wahhhhh!!!!! Tyler!!! Somebody disagrees with me!!! He called me a name!!! BAN HIM!!!
Johnny why do you believe that gold is worth $0/oz?
I believe that gold is rightfully worth about 600-700 an ounce after the recovery happens.
We'll see the 900s though before we are recovered.
But surely some paperbug somewhere once said, perhaps even in jest, that gold was worth nothing. Therefore you can and should be beaten over the head with that after every post you make.
So what about that $0 gold prediction, when's that gonna happen?
You could answer that or go back and answer the serious question I asked you about your view that there was no Industrail Revolution in the US in the 19th century.
Oh, right, so given that no investment ever sets new highs, I'm surprised you didn't go bankrupt shorting the dot-com sector in the late 90'es.
I'm surprised you didn't go bankrupt buying askjeeves.com for 300 bucks a share in 2000, given your gold purchases.
I'm surprised that you expect people to believe that there was effectively no Industrial Revolution in America in the 19th Century.
You say all your predictions come true but you can't even get moldy old history right.
In order for him to go bankrupt, he would actually have to have some money on the table.
In the late 90's, Johnny was seven. Johnny is a college student who talks like he grew up in short pants with Buffet. In reality he's a shittin green bitch who's never had an actual dime of his own invested.
Don't worry though, he'll tell you what to do with your dime.
While i suppose the assumption can be made that a user with a handle of 'kernel' and a pic of a fat gay guy is older than the median posting age here - this has nothing to do with the smarts of a college student.
Id propose we know a lot more than you sir. Experience wise, you win. Hands down, no argument. Theory wise, we do. Also, we're gonna save your ass X years down the road when youre living off our taxes in your lovely senior home:)
Youre welcome kind sir.
Been out of college for almost twenty years, not sure which side of median that puts me. Don't much care. I have never disparaged the intelligence of a college student. In fact, I have commented on Bravo's smarts more than once. I would even be willing to give his arguments some credit, it's just that the more he speaks, the more I would love to choke the shit out of him. He is an arrogant douchebag who got himself into the spot he's in because he gets off on being a fucking troll. You sir do not. I have read your posts since before I ever registered here. You deserve more credit than to align yourself with him.
Do you believe you win on the theory side because you have had twenty more years of it to study? Funny how smart I thought I was twenty years ago.
How is your saving my ass (we'll see) x years down the road any different than my doing it for the old effs today? Don't waste thought thinking you're age group is unique. There's always one generation older than you, and one younger.
My alliance with his posts extends only about as far as the perspective of gold price in the future, something we all no doubt simply speculate about.
I appreciate your words however; I do realize its always the younger generation that saves the older in terms of taxes, SS, etc, but as you say this has been happening for ever. Then again yours (or the one right before you) probably saved 'us' when it was times of war abroad or times of boom at home.
Until the next (gold) thread!
You wanna man up about it, JB? I'll tell you what, one year from today (September 12th, 2011) you can give me one American gold eagle for today's price from APMEX, including delivery, which comes to $1297.84. You can cover this bet at any time you wish, but I will deliver payment (say via paypal, or a similar service), which will be credited to your account upon my receipt of the gold.
This bet is perfect for you and your fellow gold trolls, because it rewards or punishes based upon how right or wrong the given party is. Know that I will only accept physical delivery of an American Gold Eagle. This means that even if spot is $250, and you find that you have to pay a $7000 premium to get physical bullion, you still must pay it. Of course, if spot is $250, and an eagle is available for $50 more than that, you will prfit handsomely.
What do you say? Are you man or coward?
ZEITGEIST, Escape, akak, Crockett,
Sr. VPs Bravo and Nadler were last seen earlier this afternoon still pounding away double-shots of Belvedere near JPM HQ.
At least they understand vodka, if not gold.
Doing shots of Belvedere I can believe --- the gin blossoms on Nadler's smug mug is proof enough of that.
Now, if you told me that they were drinking Goldwasser, I would have called you a bald-faced liar! Heaven forbid that yellow metal come into physical contact with either one! It would result in an extremely large release of gamma rays, along with the mutual annihilation of both the gold and the anti-gold, er, "gentlemen".
Do you not remember me saying that gold would hit its 50% fib, at slightly less than 1220?
If you don't, I'm sure you can find the post multiple times.
anyone seen that idiot J. Bravo????
Here he is!
The Brady Bunch (S5) - "Adios, Johnny Bravo" pt.2/3http://www.youtube.com/watch?v=OaG6OrPakW8&NR=1
Marcia: Of all the phony, plastic names -- Johnny Bravo!
Jan: Yeah, they should have called him Benedict Arnold.
"Johnny Bravo is the only person that makes ad hominem personal attacks."
Wahhh wahhh... maybe I should go cry to Tyler now like akak because somebody called me a name.
Johnnny stop telling people gold is worth $0/oz.
I'm telling Tyler on you! I'm a little baby that thinks gold will be 50000 an ounce!
Wahhh wahhh!!!! Ad hominem!!!
Why would gold-friendly Tyler ban you? You make an excellent foil for the goldbugs due to your insipid perseverance in the face of abject failure. And you help run his page views way up which increases his ad revenues. And I think I know where TD is investing some of those profits.
You, Johnny Bravo, are as good as gold for TD and ZH.
I've been reading your comments for a long time, Johnny Bates. I'll have to say that you are, in the long run, entertaining. You have yet, to my knowledge, to post a link to anything backing up your so-called TA. No charts, no nothing. I may have missed it, but I can't recall having seen a link. The one link to an inflation/deflation chart does not apply.
There is something pathological about a person who comes back week after week to espouse a position that is without merit, nor proof. A person who seems to seek verbal abuse. I'll not make suppositions about a childhood that generates that sort of personality since I am not qualified. I'm just making an observation.
The average IQ is 100. I'd say your quotient falls somewhere between 75 and 85. Not short-bus stupid, but clearly all your gears don't mesh. With all respect I would like to suggest that you seek some professional counseling. If you disagree with that, then the quotient supposition is closer to accurate than not.
calling Jooooohhhhhnnny Bravo....come in Joooohhhny..are you at the Goldman meeting..please pick up..I am sure they have called you in to discuss the great recovery....
Don't encourage that ass hat. His input is not welcome.
my wise elder Victorio, HI.
what do you think of H I G H end beautifully handcrafted fine fine gold (recycled) jewelry. the artist value goes up yearly and he is only 40 yrs young. when I visit my art gallery that sells his pieces, everyone is drawn to the glass case and just see in their face how much pleasure it gives to the viewer. that's what impresses me most. plus this art gallery family are the only friends I have, oh except all my ZH imaginary friends. kinda like you can see me but I can't see them, so
I M A G I N E
I'm not sure, but I think that is the most coherent comment you've ever posted here.
oh thanks FRANK OWEN, especially coming from you and THE MORAL GROUND your probably standing on R I G H T now.
i am trying real hard in my second life i got from ZH. coherent, haven't heard that word a lot my w H O L E life and i'm old.
well go on, what about buying more gold jewry?
"i am trying real hard in my second life i got from ZH."
That explains everything - you're at the wrong site!
http://secondlife.com/ - This is what you are looking for.
I'm not a fan of gold jewry, just coins, but whatever turns you on.
hey already got the scoop on that secondlife. now that is real fantasy on both ends.
I'm not a fan of gold jewry - so your saying your not G A Y ?
Well, I've experimented a bit. It all started when I was about 15 and went up into the mountains to pick some weed. To make a long story short - I fucked a unicorn that night. Since then I have never gone back to "conventional" sex. I have transcended (look it up) gay or straight sex and now participate in something much more intense...
That's me on the right:
http://www.astriasuparak.com/images/elusivequality/VPP-300dpi.jpg
well, frank i can't tell from the picture cause it seems to be cut short at your waist.
do you have a unicorn H O R N , you know where?
Of course I have the H O R N ! Bottom right drawer. Who wouldn't want to take a trophy after a night like that.
rapunzel, I like your posts, and that's all that matters!
Where is that art gallery? Any art gallery selling gold like that would be wroth a visit.
we don't talk about F I G H T C L U B remember†
you must be G A Y ¿
.
.
Not gay! Yuck! Eeew.
I do have a lovely Peruvian wife though. This year is our 25th Anniversary! We're going to go to Tahiti...
25th - Congrats! Do something special for her.. she'll love you in this:
http://cgi.ebay.com/Brand-New-Underwear-Men-Very-Sexy-Pink-384-/17052522...
D A M N, frank is that y o u r H O R N
pretty in pink.
I kinda think the silver mannequin is cute....
f
H O M O 's
4 sure and i could care less about your fucking married misery†
I do have a lovely Peruvian wife though. This year is our 25th Anniversary! We're going to go to Tahiti...
Sounds like you've gone a bit Thor Heyerdahl, DCRB.
Yay! It's dumpster, or velobabe, or Mscreant, or whoever this person is posting as today!
Don't forget to tell me to get some zit cream! LOL!
Zitco boy.
RAPCO
republic asphalt paving company, you get it†
No, not at all. Please elaborate.
sorry johnny, it is repunzel.
i never said zit cream to you, cause i just recently found out JB's identity. your funny, reminds me of myself actually. never watched brady bunch, they are stupid, white rich people with a white maid who buys into that BS. damn growing up, we all had maids. but they were dark skin for sure. my best girlfriend had a live in maid and a butler. her dad was never home and bless her heart mother, took her life. so she needed some nurturing. Matty was down.
If we're so similar, you must be really awesome then! :)
stop complimenting yourself all the time.
d
I'm speechless...
You were speechless before too, at least if relevance counts.
go away gramps
I welcome everyone's input except propagandists.
I am buyer of Gold for past 4 years but name calling will not help.
Sorry, had to junk ZETIGIST's posts.
Gold to 54000 is propaganda.
What about gold to 5000?
More reasonable, but still not based on reality...
If you remove the price manipulation and get into currency crisis territory, quite plausible.
Those are some big ifs!
Also, if it's manipulated, why does it go up?
1. If it didn't go up at all, then the manipulation would be much more obvious.
2. It is probably very expensive to keep the price down against market forces. Less expensive if you let it move up somewhat.
By your question, does it mean that you doubt that there is manipulation?
I welcome everyone's input except propagandists.
I am buyer of Gold for past 4 years but name calling will not help.
Sorry, had to junk ZETIGIST's posts.
fiddler_on_the_roof,
Zeitgiest is, I believe, one of the good guys. He was calling for Johnny Bravo (the anti-gold schill) only in jest.