All times are U.S. Mountain Time
(Yesterday's Discussion.)
mikal (1/29/06; 21:18:13MT - usagold.com msg#: 140997)
The squeeze jpeg- "Nothing to see here"
http://www.hessdesignworks.com/Illustrations/Dollar.jpg
Magician's sleight-of-hand with dollar trick
mikal (1/29/06; 21:04:36MT - usagold.com msg#: 140996)
"Chinese note" link
http://xs.to/xs.php?f=newusdollar.jpg&h=xs66&d=06051
Link for below
mikal (1/29/06; 21:01:09MT - usagold.com msg#: 140994)
U.S. fixes China trade deficit
http://msnbcmedia.msn.com/j/msnbc/Sections/Newsweek/Components/Photos/Mag/050321_Issue/050321_COVER.widec.jpg
Paper tiger: American - Sino differences papered over
balzac (1/29/06; 19:45:35MT - usagold.com msg#: 140993)
BELGIUM'S DEPARTURE
I will personally miss your recurring posts on the euro and the political insight which you brought regarding the EU. Sorry to see
you go. Balzac
Cavan Man (1/29/06; 15:41:35MT - usagold.com msg#: 140992)
Outstanding, comprehensive overview of Iran ISSUE
http://www.321gold.com/editorials/engdahl/engdahl013006.html
Suggested reading....CM (this is not an editorial)
Chris Powell (1/29/06; 12:38:17MT - usagold.com msg#: 140991)
Gold Rush 21 hastens ascent of the precious metals
http://groups.yahoo.com/group/gata/message/3629
Another GATA dispatch.
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Chris Powell (1/29/06; 12:37:26MT - usagold.com msg#: 140990)
Penny's copper melt value now exceeds its monetary value
http://groups.yahoo.com/group/gata/message/3627
GATA dispatch.
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Knallgold (1/29/06; 12:03:49MT - usagold.com msg#: 140989)
@Belgian
All the best from this Swiss liliputan!
Flatliner (1/29/06; 12:00:49MT - usagold.com msg#: 140988)
DAVOS, Switzerland (FORTUNE) - Be afraid. Be very afraid.
http://money.cnn.com/2006/01/27/news/international/pluggedin_fortune/index.htm
snip:
Doomsdays 1 through 6
To come up with some likely scenarios in the event of an international crisis, his team performed what's known as a regression analysis, extrapolating the numbers from past oil shocks and then using them to calculate what might happen when the supply from an oil-producing country was cut off in six different situations. The fall of the House of Saud seems the most far-fetched of the six possibilities, and it's the one that generates that $262 a barrel.
More realistic -- and therefore more chilling -- would be the scenario where Iran declares an oil embargo a la OPEC in 1973, which Browder thinks could cause oil to double to $131 a barrel. Other outcomes include an embargo by Venezuelan strongman Hugo Chavez ($111 a barrel), civil war in Nigeria ($98 a barrel), unrest and violence in Algeria ($79 a barrel) and major attacks on infrastructure by the insurgency in Iraq ($88 a barrel).
Looks like we might have an aggressive emotional week for oil.
USAGOLD / Centennial Precious Metals, Inc. (1/29/06; 11:27:50MT - usagold.com msg#: 140987)
A world of gold at your fingertips...
http://www.usagold.com/buy-gold-coins.html
Goldilox (1/29/06; 09:12:13MT - usagold.com msg#: 140986)
Gold Revaluation
@Ned,
I'm gonna decline your offer, simply on the basis that I am a novitiate in any discussion of "currencies", leaving that subject to more studied posters like TC and Belgian. Reavulation strikes me as a currency issue.
Having said that, I do believe that the CBs will let things revalue to the point where they can usefully reengineer global commerce and maintain control. They will fight to keep their "Rothschild" currency creation advantage, and nothing short of a worldwide banking boycott can interfere with that.
But as currencies are nothing more than virtual digits, the "values" placed on gold (real money) and commodities can be all over the map, as the market controllers dictate.
OvS (1/29/06; 08:56:57MT - usagold.com msg#: 140985)
Ned J.
In the upper echelons of
world society the idea is
floating around that Osama
Bin Laden, a US trained
Afghan fighter, started the
assault on the USA to rally
and unite the Moslem world,
to radicalize it.
That is an idea that, however
unlikely the alliances are,
unifies China (with numerous
Turkic Moslem communities),
Southeast Asia (with a huge
Indonesian population next
door), Europe (with Turkey,
Bosnia and the North of Africa
camping on the front door, and
millions already nesting in
the kitchen), and Russia (with
Chechen o'Ingush and other
Moslem countries encircling
its Southeastern and Southern
flank).
That all the Central Banks of
the non-Moslem world (and inclu-
ding a number of American-upheld
Islamic puppet regimes) will let
the American dollar be annihilated
and the following chaos and Moslem
follow-through be allowed, seems
to run counter to all those named
countries' self-interest.
As we all know very well, the
dollar is as good as the confidence
in it; and as long as one can trade
it for oil and commodities, techni-
cal knowledge, high-tech industrial
and IT products, agricultural goods,
and huge financial investments, why,
even a former declared enemy like
Communist(?) China knows on which
side the bread is buttered and on
which countries the leadership's
survival depends.
These CB's will work together and
help each other, as they already
are spreading the gold among each
other; the dollar must come down,
but don't count it out--with the
deduction: Gold to the Moon, soon,
is a looney idea. A gold standard,
or some kind of derivative system
is probably inevitable but, the
Moslem insurgency must be contained
first.
It could be contained much faster,
if our leadership wouldn't force
the womans liberation movement, the
gay movement and other "liberating"
movements down the Islamic world.
That a Republican leadership is part
and parcel to such deliberation is
astonishing. I suspect it is the
other side of the Neo-Con's coin
that is responsible for such tragic
promulgation.
But Nature will reassert itself, it
always has; after that, I can see
the first glimpses of World-wide
Peace, with GOLD as real Wealth and
financial and political anchor. OvS
Rook (1/29/06; 06:59:04MT - usagold.com msg#: 140984)
.,.
Belgian, I hope all is ok with you. Others have left and returned over time. I trust we shall get updates from you? Whatever might be happening in your world, we are here to read you when you want the outlet.
Seems like we are on the verge of a lot of change, and the table is a good place to view it from. So chime in when you can.
Ned (1/29/06; 06:04:58MT - usagold.com msg#: 140983)
@ Goldi
Good morning !
From my "wild guesses" post of 140973, you can easily discern that I believe oil will be the catalyst for the "gold deval" setting "gold free".
Kinda something like this:
Rising POO (variety of reasons,2006-2010)> fiscal imbalances (variety of reasons, primarily POO, 2006-2008> monetary explosion followed by implosion (a la Prector, 2006/2008)> gold to da moon (2006-2008 thru 2012)
Of course we throw in all the individual items like "boomers", IRAN, IRAQ, other (more?) wars, nucs, terror, etc., etc., etc. Each its own gallon (or 7) of gas on the fire.
I was surfing through all the articles on Bid Laden's 'truce' last night. You go home, we stay home. What a novel idea.
What we have here (love that phrase) is a situation that has self-perpetuating traction that accelerates into misery. Sorry to be glum, but I see no other way in or out.
Anyway......sorry to be so "endgame" slanted so early on a Sunday.
I enjoy your posts Goldi. I extend a question to you and all. Care to throw out a brief synopsis of your version of the "free gold" / "gold revaluation" theory.
Thanks a bunch, have a golden Sunday.
Ned Johnston.
Ned (1/29/06; 05:43:17MT - usagold.com msg#: 140982)
Bush's failed Middle Eastern policy
"And now with the triumph of Hamas in the Palestinian election, we see the total failure of Bush's Middle Eastern policy. Bush has succeeded in displacing secular moderates from Middle Eastern governments and replacing them with Islamic extremists. It boggles the mind that this disastrous result makes Americans feel safer!"
...and so the world puts it faith in the yellow metal. Amongst other things, this failed foreign policy has a huge price tag that will dethrone the almighty dollar.
In all of its irony, Bin Laden has offered a 'truce'. All Americans are to 'go home', let the Muslim world fend for itself. Bin Laden has said, "do not fight us on our soil and we will not fight you on your soil".
What is the harm in that? A wise man on this forum said only a year or two ago, "Simply, we would have to pay for it (oil)."
Where is that man?
ge (1/29/06; 02:36:25MT - usagold.com msg#: 140981)
Dow – Gold Ratio … Wild, wild speculations
Speculation on whether the lower limit of Dow-Gold ratio is bounded 1?
The equilibrium value of Dow-Gold ratio should be roughly proportional to the ratio of existing goods and services to the existing gold stock. (Does equilibrium exist in the real world? Well, only fleetingly!) In a simplistic economy where all goods are 10 computers and all the above ground gold inventory is 20 ounces, the theoretical price of one computer should be 2 ounces. Call the equilibrium Dow-Gold ratio at this point as DG1. Now assume that technology has improved and the total number of goods (computers) has increased to 50 while some additional gold (5 ounces) has been mined so that above ground gold stock is 25 ounces. This time the equilibrium value of 1 computer should be 1/2 ounces. . Call the equilibrium Dow-Gold ratio at this point as DG2. Question? Should DG1 be equal to DG2? I believe that DG1/DG2 should be roughly proportional to prices of computers in ounces, that is 2/(1/2)=4. If this reasoning is correct, a lower bound established on Dow-Gold ratio in the 19th century should not hold in the 21st century due to the immense increase of material goods and services in the economy. Hence I would speculate that a Dow-Gold ratio that is immensely lower than 1 should be expected.
Speculation on whether the Dow-Gold ratio has an upper limit?
I would speculate that the increase in Dow-Gold ratio is fuelled by credit inflation and fiat money creation; therefore it is does not have an upper bound.
ViewYesterday's Discussion.
