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CHART OF THE DAY: The American Consumer Is Just Crushing It
Topic Started: 24 Dec 2013, 08:03 AM (1,915 Views)
Pig Iron
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Bogan scum

Count du Monet
24 Dec 2013, 10:04 AM
Besides the money printing regime is coming to an end. Unless the ECB hoards gold, that is literally removes it from the market, it will return as the monetary standard and all your fiat dreams will be over.....permanently.
and yet you claim to have sold off most of your gold for fiat at $1600/oz

i'm starting to think you are about the number 3 or 4 bullshitter on here.
I am the love child of Tony Abbott and Pauline Hanson
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Count du Monet
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Dr Watson
24 Dec 2013, 01:22 PM
Like many people I was heavily invested (in stocks) prior to the GFC and I was thoroughly punished for it. I didn't know the meaning of the word 'bearish' in 2007. The only experience I'd had until that time was one of rising markets. It was a lesson about the dangers of blind optimism.
Well I was looking at that. I remember a bit a tumble earlier in 2007, but I knew that would recover. But but Nov 4 when it had been heading for asx 7000 I knew the jig was up.

The monetary factors indicated there wasn't enough around to buy the market at that price. I thought the market would tumble to 5000.....it exceeded my expectations. (Conbran was closer to the mark) People hung on to there stocks for dear life....but it never hurts to sell something at a reasonable price and walk away.

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wulfgar
Nov 4 2007, 05:02 PM
I'm seeing things in terms of the ASX all ords tanking to 5,000 points. Share investors will be cursing the day they are born. But the suckers will treat every drop as a correction and leap in to burn more of their cash in what they perceive as buying opportunity.
When the dust settles after a few years, most investors will find themselves back to square one!
They fail to realize that they are just the meat in the sandwhich! :to:
The share market has died and gone to heaven! You don't make money easily on a market that is downsizing in real terms!


Oh my salad days with the Wulfie kiss off death. :to:

For two months they refused to believe me.

A pity they didn't save their enthusiasm for the present day. It's time to take an interest in the Stocks again. And we got fools who to waste their money on property!

Early 2007 I could tell by the degree of volatility that a big bust was coming.

Inflation will eventually create deflation.
Pig Iron
24 Dec 2013, 01:38 PM
and yet you claim to have sold off most of your gold for fiat at $1600/oz

i'm starting to think you are about the number 3 or 4 bullshitter on here.
It was my savings, I spent it! That's what I view gold as, money! Gold kept under the bed long term only retains value but doesn't increase it. It works well when one buys it undervalued like in 2003 to 2004.

Edited by Count du Monet, 24 Dec 2013, 01:54 PM.
The next trick of our glorious banks will be to charge us a fee for using net bank!!!
You are no longer customer, you are property!!!

Don't be SAUCY with me Bernaisse
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Gossamer
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44th most prolific poster on APF

peter fraser clearly lives in another dimension as his posts are divorced from reality.
Common sense is a curse - those who have it need to suffer dealing with those who don't have it.

APF idiot list
Nelson
Black Panther
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Count du Monet
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Gossamer
24 Dec 2013, 02:36 PM
peter fraser clearly lives in another dimension as his posts are divorced from reality.
He's not called 'Peter' for nothing!

Posted Image
The next trick of our glorious banks will be to charge us a fee for using net bank!!!
You are no longer customer, you are property!!!

Don't be SAUCY with me Bernaisse
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Pig Iron
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Bogan scum

Count du Monet
24 Dec 2013, 01:46 PM
It was my savings, I spent it! That's what I view gold as, money! Gold kept under the bed long term only retains value but doesn't increase it. It works well when one buys it undervalued like in 2003 to 2004.
it doesn't matter how you view gold, it only matters how others view it, since they are the ones you need to exchange it with.

it must be tough on you trying to reconcile these batshit crazy notions of gold being actual money and still needing to exchange it for fiat to spend it.
I am the love child of Tony Abbott and Pauline Hanson
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