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Gold Smash Leads to Surge in Demand For Coins, Bars Around World; Another buying window. Property investors need not apply
Topic Started: 24 Jul 2015, 11:56 AM (13,596 Views)
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Jimbo
25 Jul 2015, 06:50 PM
Remember, every debt, every unfunded liability, is a unit of fiat that will eventually be released into the market place.
As debt is created by the treasury and banks out of nothing, it can be liquidated.

Loans and debts can go bad for example. Bonds can go bad when companies or countries declare bankruptcy or default.

In the example of Fed buying bonds through QE, the Fed bought treasuries and held them in their books. The treasury passed the money to the banks. The banks through their investment arms invested in the stock markets at bottom. Pension funds piled in and the stock markets are now on sky high valuation.

The winner here are the banks, for they got the money of the pension funds and hedge funds.

When the stock markets tanks, the people's monies through pension funds are liquidated through share prices losses.

But the money is still with the banks and hedge funds. Remember though, that money that are now "profits" for the banks are just to cover up the losses in 2008.

There's no money to release in the system as the money created was just to cover up huge losses in 2008.
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Count du Monet
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createdby
26 Jul 2015, 01:54 PM
As debt is created by the treasury and banks out of nothing, it can be liquidated.
Well no! It isn't because depositors and the money market funded the banks.

But it can be liquidated. You'll notice that when your bank account reads zero and your creditors start e-mailing you.
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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propertymogul
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Strindberg
25 Jul 2015, 07:26 PM
Lying twat - sneaking in lies in other threads after being exposed as dumb. This is the effing second time you have lied, made up shit, and falsely accused me of posting stuff I never wrote. Unlike you I never professed to know the reason for the dumping (we don't even know the truth of any trading action which was taken) and I never professed like you that I know better how to dump $175 million worth of gold on the market. It's you who are the arrogant Walter Mitty git living in fantasy land imagining you are the worlds greatest gold dealer.

I corrected you the last time you made up this shit (here):




..what loss from shorts?

It is true that after a four year more or less continuous crash of 40% it is likely that a floor is nearer than it was.

The adherence of goldbugs to these zerohedge peddled mechanisms is funny.
I'll avoid further dialogue on APF except to check in on my and others predictions. It seems every time I post, you arc up and try to discredit my post, usually failing to do so. I don't really want to have an angry stalker, you come across as an angry man. My initial post regarding this was to agree with Jimbo, and say that it was most likely that the 5 ton gold dumping was done for liquidity purposes, or some sort of market play. You went to the trouble to violently disagree with me, suggesting that such comments were arrogance.

It seems you have subsequently softened your stance and are now open to the idea that it could have been done for liquidity purposes or for a market play (although I don't think you would ever admit that to me). Regardless your anger is toxic, I will avoid it.

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Strindberg
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propertymogul
26 Jul 2015, 03:02 PM
I'll avoid further dialogue on APF except to check in on my and others predictions. It seems every time I post, you arc up and try to discredit my post, usually failing to do so. I don't really want to have an angry stalker, you come across as an angry man. My initial post regarding this was to agree with Jimbo, and say that it was most likely that the 5 ton gold dumping was done for liquidity purposes, or some sort of market play. You went to the trouble to violently disagree with me, suggesting that such comments were arrogance.
I went to the trouble to correct your abusive and false reference made directly to me which you made in this thread here where you abusively wrote:
Quote:
 
Note that Strindberg thinks he knows better than this website (ah the arrogance of the ignorant).

I hadn't even posted in this thread.

Adopting the practice of entering unfounded abuse of other posters in a thread they are not even posting in reveals you to be a slimebag. If you don't want justified responses to the abuse you spout then STFU.
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It seems you have subsequently softened your stance and are now open to the idea that it could have been done for liquidity purposes or for a market play (although I don't think you would ever admit that to me).
My stance is unchanged. Your comprehension of my stance has changed due to your comprehension limitations.
Housing costs to Income broadly unchanged since 1994 - re-ratified here
The People of Australia have the highest median wealth in the World
2002-2012 10 year house price growth the SLOWEST since 1952-1962
"There are two kinds of people in this world: ones that fiddle around wondering whether a thing's right or wrong and guys like us." (Hugo to Gagin in Ride the Pink Horse)
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Andrew Judd
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Jimbo
26 Jul 2015, 12:10 AM
You work today for a loaf of bread. You save to buy a loaf of bread tomorrow.

But how do you save?

You can buy an extra loaf and freeze it.

You can put aside a token that equals a loaf of bread today.

But the reality is that the only edible loaf of bread that you have is the one in your hand right now.

It's a simple truth (and a painful one at that)


??

>>But the reality is that the only edible loaf of bread that you have is the one in your hand right now.
>>It's a simple truth (and a painful one at that

OK. lets agree that is a truth. Why is it painful?? We are more likely to die today driving the car to the shops, than we are to starve to death anytime in the next 50 years or whatever?

Jimbo, the following is the first thing that got my attention when we went down this track

>>>We all believe that we have stored fiat waiting to be spent at some time in the future. But the reality is, that todays stored fiat has to be exchanged for real goods and services tomorrow.

and now you are talking about the painful consequences of starvation???
Edited by Andrew Judd, 26 Jul 2015, 05:38 PM.
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Jimbo
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Andrew Judd
26 Jul 2015, 05:20 PM
Jimbo, the following is the first thing that got my attention when we went down this track

>>>We all believe that we have stored fiat waiting to be spent at some time in the future. But the reality is, that todays stored fiat has to be exchanged for real goods and services tomorrow.

and now you are talking about the painful consequences of starvation???
Starvation is an analogy.

A squirrel hides food, dogs bury bones. They store real things that can be converted into energy in the future.

We store numbers on screens. But every positive number on your screen is a negative number for somebody else.

If your bank account balance says $1,000,000, the banks balance says -$1,000,000.

It really is that simple.
Matthew, 30 Jan 2016, 09:21 AM Your simplistic view is so flawed it is not worth debating. The current oversupply will be swallowed in 12 months. By the time dumb shits like you realise this prices will already be :?: rising.
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Andrew Judd
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Jimbo
26 Jul 2015, 07:49 PM
Starvation is an analogy.

A squirrel hides food, dogs bury bones. They store real things that can be converted into energy in the future.

We store numbers on screens. But every positive number on your screen is a negative number for somebody else.

If your bank account balance says $1,000,000, the banks balance says -$1,000,000.

It really is that simple.
I think in the final analysis you have some objection to money and you are wanting a system where money is made of something we can eat.

Tins of baked beans would be perhaps your kind of money because todays bread can be moldy tomorrow, or maybe dry flour and yeast as money and add water for tomorrows bread.

Purity and tampering could be a problem though and therefore money is a construct created by humans to get around the more obvious problems of exchanging apparently real things we can eat from people we do not trust.
Edited by Andrew Judd, 26 Jul 2015, 08:30 PM.
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Jimbo
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Andrew Judd
26 Jul 2015, 08:15 PM
I think in the final analysis you have some objection to money and you are wanting a system where money is made of something we can eat.
I have no objection to money or any other kind of energy storage device.

I have made a shitload from property and Gold and stocks and fiat.

It's all about timing. It's not what you buy, it's when you buy it (and sell it).

It really is that simple.
Matthew, 30 Jan 2016, 09:21 AM Your simplistic view is so flawed it is not worth debating. The current oversupply will be swallowed in 12 months. By the time dumb shits like you realise this prices will already be :?: rising.
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Andrew Judd
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Jimbo
26 Jul 2015, 08:30 PM
I have no objection to money or any other kind of energy storage device.

I have made a shitload from property and Gold and stocks and fiat.

It's all about timing. It's not what you buy, it's when you buy it (and sell it).

It really is that simple.
OK i will ask you one more time what you were getting at with this

>>>>>We all believe that we have stored fiat waiting to be spent at some time in the future. But the reality is, that todays stored fiat has to be exchanged for real goods and services tomorrow.

If you cannot provide a response that does not sound like you are talking in tongues I will just leave it be.

It really is that simple.
Edited by Andrew Judd, 26 Jul 2015, 08:57 PM.
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Jimbo
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Andrew Judd
26 Jul 2015, 08:57 PM
OK i will ask you one more time what you were getting at with this

>>>>>We all believe that we have stored fiat waiting to be spent at some time in the future. But the reality is, that todays stored fiat has to be exchanged for real goods and services tomorrow.

If you cannot provide a response that does not sound like you are talking in tongues I will just leave it be.
I have already answered your question but I will answer it again.

If you bury 20 tins of baked beans in your back garden, you can eat for twenty days.

But what if your neighbour saw you bury the 20 tins and pinched them?

What if you decided to store your wealth in numbers on a screen?

Or store your wealth in a theoretical value based on market sentiment?

It really is that simple.


Matthew, 30 Jan 2016, 09:21 AM Your simplistic view is so flawed it is not worth debating. The current oversupply will be swallowed in 12 months. By the time dumb shits like you realise this prices will already be :?: rising.
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