Guest Post: Don’t Store Your Gold In The United States

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Thu, 08/25/2011 - 12:55 | 1600206 Earl of Chiswick
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Waiting for Roubini to weigh in

Hey Nouriel do you know any good Swiss jokes?

Thu, 08/25/2011 - 12:57 | 1600216 BaBaBouy
BaBaBouy's picture

What a Fecking JOKE:

 

Buffett tells CNBC's Becky Quick he dreamed up idea of $5b investment in Bank of America this week while he was taking bath... less than a minute ago via TweetDeck Favorite Retweet  CNBC

Thu, 08/25/2011 - 13:01 | 1600259 redpill
redpill's picture

And coincidentally right after Obama called him.

Thu, 08/25/2011 - 13:03 | 1600275 BaBaBouy
BaBaBouy's picture

Good point... That just came back to me now heard it somewhere ...

 

Hehehehe... this whole system has become a farce, where will it end?

Thu, 08/25/2011 - 13:09 | 1600298 BaBaBouy
BaBaBouy's picture

Just imagine.?.?.?.?.

 

Is This the Picture???Old man sitting in bathtub, dreaming of his Billions, jecking aff, thinks of a shitty place to put some $$$ billions ???

 

Thu, 08/25/2011 - 13:15 | 1600347 Doyle Hargraves
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It was probably a proxy for wanting to put his dick in a shitty place!

Thu, 08/25/2011 - 13:17 | 1600357 Herman Strandsc...
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Hey, BaBaBouy - I reckon he was staring at the plughole Lol

Thu, 08/25/2011 - 13:24 | 1600399 Ausperity
Ausperity's picture

One bath leads to another...

Thu, 08/25/2011 - 16:45 | 1601529 Titus
Titus's picture

How much did the sovereign man get for pumping Das Safe?

Fri, 08/26/2011 - 01:29 | 1603044 monoloco
monoloco's picture

I prefer the bank of Tupperware.

Thu, 08/25/2011 - 16:50 | 1601546 FEDbuster
FEDbuster's picture

Poor investment decision making is what one does when you can't play submarine captain anymore.  "Up periscope!" and nothing happens. God damn it, now all I can do is fuck with the CEO of a bankrupt bank. So sad.....

Thu, 08/25/2011 - 21:15 | 1602379 Rottenclam
Rottenclam's picture

Wow, nice Radio Birdman avatar.  Now I get why your username is "Aus"perity.

As for Buffet, I honestly believe that this is the bizarro way of spending his wealth in his twilight years.  He sure as hell isnt interested in having lots of toys and giving his accumulated wealth to a bunch of bloodsucking family and friends that have not worked hard enough to earn it.

Some people play as much golf as possible before they die.  Some people watch as much TV as possible before they die.  I think the oracle of aromaha wants to be remembered as the guy that saved the US economy before he goes beneath the ground.

Thu, 08/25/2011 - 13:11 | 1600325 LongBalls
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The Gov. approached him during the last financial crisis to bail out the banks. Warren is officially now a blood sucking parasite who will feel a great wrath one day. I always knew this was the case but thought he might have an ounce of humanity in him. Not so.

Thu, 08/25/2011 - 13:44 | 1600532 Smiddywesson
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I'm not a psychologist, but I think Uncle Warren is clear on where he and his kind have led this country and is now trying to capitalize on its death to plow more money into his charity.  He must be feeling his years are numbered and he is trying to buy off God by doing more of the same.

In other words, he either is going into eternal oblivion or eternal Hell fire.  That's not a trade I would take.  Good luck Warren, you're going to need it. 

Thu, 08/25/2011 - 15:16 | 1601081 Calculated_Risk
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yeah, kinda like hitler doing 10 hail mary's before he knocked himself off... sorry pal, damage is done.

Thu, 08/25/2011 - 13:15 | 1600351 Loose Caboose
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Right.  And if this move is to deflect the coming shitstorm in the markets due to the Bernank's soon-to-be disappointing speech offering no QE3 but maybe a plate of peas - it's like putting a bandaid on a torn artery.  Patient is dead. 

Thu, 08/25/2011 - 15:51 | 1601263 russki standart
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Or perhaps after Obama finished servicing him..

Thu, 08/25/2011 - 20:23 | 1602223 ViewfromUnderth...
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the prophet of the profit and earnings ratio...

Thu, 08/25/2011 - 20:30 | 1602248 ManOfBliss
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Actually they were in the bath tub together.

Thu, 08/25/2011 - 21:04 | 1602338 Buck Johnson
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Thats exactly what happened.  Obama couldn't get money to BAC without it showing that BAC needed govt. money for "what".  So until he can come up with another QE3 (won't work) or program in the very near future, he needed Buffet to invest in BAC to hold of the vultures for a little while.

Thu, 08/25/2011 - 13:02 | 1600272 Eagle Keeper
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People that old don't bathe anymore....   long deoderant.

Thu, 08/25/2011 - 13:45 | 1600539 JohnG
JohnG's picture

It puts the deodorant in the basket.....

Thu, 08/25/2011 - 13:06 | 1600294 Don Birnam
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Well, it isn't truly a "bathtub" as we non-octogenarians understand it. It is a special tub, for avuncular-facaded, eighty-something, ukulele-strumming billionaires who feel they do not pay enough in income taxes ( yet would not deign to cut a nine-plus-figure cheque payable to "Bureau of the Public Debt" ).

( CNBC [ female ] anchors sold separately. )

http://www.walkinbathtubsguide.com/images/man-in-walk-in-bathtub.jpg

Thu, 08/25/2011 - 13:24 | 1600402 MsCreant
MsCreant's picture

How many miles per gallon does that get?

Thu, 08/25/2011 - 15:44 | 1601227 Shirley Wilfahrt
Shirley Wilfahrt's picture

I bet Warren is hung like a tictac....

Thu, 08/25/2011 - 13:17 | 1600361 baby_BLYTHE
baby_BLYTHE's picture

Alan Greenspan is also famous for making important policy decisions while soaking in his bathtub playing with his rubber ducky


http://beginnersinvest.about.com/od/alangreenspan/p/aaalangreenspan.htm

Thu, 08/25/2011 - 13:27 | 1600420 Rodent Freikorps
Rodent Freikorps's picture

I was in the jacuzzi once when a couple of guys came by with an extention cord, and a toaster.

Their demands suddenly seemed quite reasonable.

Thu, 08/25/2011 - 13:54 | 1600598 Oh regional Indian
Oh regional Indian's picture

Hah! Funny. If there is one guy on this site who has me puzzled its the resident rodent. Spouting Latin, Italian, Arms Info, Dune Quotes and militia-talk Extreme Opinions....

Anyways, if a sizeable number of people are interested, I've discussed starting a physical silver storage facility here in India. The cost basis for secure (like Level V security) is pretty low and available.

India, in a SHTF scenario, would be pretty secure in a way that central forces are unable to police the vastness of it, literally and other-wise. Easy for the affluent to be locally safe. Totally safe.

If anyone is interested, you can always find me @ http://aadivaahan.wordpress.com

Also thought of a way where you can put x% of your store into a liquid fund for trading silver on a consnesus basis, locally. 

Through the appropriate secure networks, it can always be made available when and where needed. The concentration of it might bestow some unique "power" also.

More if anyone is interested.

Vivek

Thu, 08/25/2011 - 14:39 | 1600907 FeralSerf
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Aren't there tax issues importing silver into India?  Seems I heard somewhere that Indians pay quite a bit more than spot for silver.

Thu, 08/25/2011 - 14:11 | 1600715 krispkritter
Thu, 08/25/2011 - 13:44 | 1600530 augmister
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Greenspan plays with his wife, Andrea Mitchell (Plastic Face) in the tub... can you ever imagine anything more UGLY???

Thu, 08/25/2011 - 14:20 | 1600787 ArgentDawn
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Isn't that how Doc dreamed up the Flux Capacitor? Oh wait no he hit his head on the toilet..

Thu, 08/25/2011 - 12:59 | 1600246 dollarcoaster
dollarcoaster's picture

PLus day & date....dials...

Thu, 08/25/2011 - 13:03 | 1600278 EscapeKey
EscapeKey's picture

Is it me, or does Roubini spend way more time on gold, than even the most hardcore gold bug?

Thu, 08/25/2011 - 13:59 | 1600627 Smiddywesson
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He is a paid gold troll.

Thu, 08/25/2011 - 13:51 | 1600566 Whalley World
Whalley World's picture

My dog has more credibility on gold than "the Roub"  the mutt never said that gold would never trade above $1,100.

Thu, 08/25/2011 - 12:56 | 1600209 BaBaBouy
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Thu, 08/25/2011 - 13:08 | 1600304 Popo
Popo's picture

 

 

Among other things, he mentioned that banks in Asia are FAR more stable and sound than they are in the west for not having invested so heavily in dead weight assets like Greek bonds or US mortgage-backed securities.

 

 

I couldn’t agree more.

 

 

Another instance of Simon "Uninformed" Black reaching into his ass for advice.    "Banks in Asia"? 

Ok, Singapore, yes.   The banks there are sound.

But "Asia"?  As in China?  Oh hell no.   

 

 

 

 

 

 

Thu, 08/25/2011 - 13:29 | 1600439 I Told YOU So
I Told YOU So's picture

you continue to bash simon at every turn, while he gives constructive advice for free just for the asking what do you give except mouth shit.

Thu, 08/25/2011 - 14:08 | 1600681 JW n FL
JW n FL's picture

Renminbi ='s 1,200+% Leverage, before the ink dries on the note.

China's GDP / Debt is carried by 10% Growth.. Building 6 to 10 EMPTY CITIES A YEAR!

so.. as far as Mark pitching gold.. to continue pressure.. to benefit from the swings? No Brainer.

Thu, 08/25/2011 - 12:55 | 1600213 spiral_eyes
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Faber: “I don’t trust anyone.”

Uncomfortable silence.

CNBC: “Hmmm. Interesting.”

LOL

Thu, 08/25/2011 - 13:04 | 1600287 redpill
redpill's picture

It really was priceless.  You can almost hear the little momo-loving hosts roll their eyes at the "crazy doomer."  Just wait until Bernank doesn't give them anything tomorrow and they'll be peeing their pants and getting a safety deposit box in Singapore like Faber told them to.

 

Thu, 08/25/2011 - 14:20 | 1600744 akak
akak's picture

For the last time already (and also for Simon Black, who made the same linguistic mistake, as do so many others), it is called a "SAFE deposit box" --- you know, a box in which to make safe deposits --- not a "safety deposit box".  I am quite certain that it is not possible to deposit safety in a box.

Thu, 08/25/2011 - 14:35 | 1600875 MrPoopypants
MrPoopypants's picture

For all intensive purposes, a safety deposit box will work just fine.

Thu, 08/25/2011 - 14:43 | 1600926 akak
akak's picture

You may take it for granite, but I could care less.

Thu, 08/25/2011 - 15:18 | 1601091 Boba Fiat
Boba Fiat's picture

Irregardless, your point is mute.

Thu, 08/25/2011 - 15:29 | 1601149 akak
akak's picture

And just who aksed you?

Thu, 08/25/2011 - 15:36 | 1601189 Boba Fiat
Boba Fiat's picture

Needless to say, that's a whole nother question, but I won't be your escape goat.

Thu, 08/25/2011 - 15:48 | 1601250 Shirley Wilfahrt
Shirley Wilfahrt's picture

Is Shirley gonna hafta chokabitch?

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