Schlagwort-Archive: too much money

It does not make sense

Schreibe eine Antwort

to read the comments on price development at least for Gold. I tend to day it does not make sense at all to expect anything of worth from stock “experts”.

Can one talk about a down for gold if it’s moving just 0.5%? Well I think no. And what’s worse, this opinions must make your head spin. Ask yourself has anything changed
the last two days which really can have any big influence of the prices?

Well Greece will get more money, money that we don’t have and if the states want to give it away they just can do on one way. More debts. So again we see some new bonds in any form
and well these bonds may get bought. At least not from me but that’s unimportant. Some banks probably will add some “risk-free” bonds of states to their bad debts of states. We have not heard of a bigger QE or the like and so not much has changed really. And indeed the prices just floats around a bit. That’s it.

And still you can read “cut back” for gold, the other day it’s gold on the raise and the explanations are not even a thing worth laughing. So just ignore it and ask yourself a few question. Do you think money printing does matter? Do you think the debt crisis was solved at least a bit? Do you expect the states doing something or nothing. That are the base questions.

I for my part have answered the questions this way. Money printing does matter it inflates the money base and will lead sooner or later to devaluation of the currencies. So if you want to save your money somehow you probably are not doing much wrong with some precious metals. It was nothing solved also. The debts are still raised and the stupidity of believing one could fill one while digged by debt with other debt is as insane as can be. However what I don’t know will the people consume much less? I’m sure the privates people will I do not expect anything like saving from states. They will raise the taxes for their endless appetite. for money. So will the bankrupt distort the currencies immediately or later? We simply do no know. But we do know Gold will always have some price, it scarce and people know that gold is money. So still some precious metals are a good idea. Now will states stop interventions? No they will not, they will extend the “control” (well as I wrote yesterday or so, this is just the imagination of control, states can not control much theses days) The sheer amount of debts is devastating. So what will happen I can not imagine a sane approach. So I just think the money printing will get on and so I’m back to “the case for gold”.

I’m quite sure they will consider making private gold holdings illegal again. But don’t think this will happen world-wide and still in this case I have at least some “confidence” that the highest courts will rule out the expropriation. That may just be wishful thinking but it’s the only chance we have. So having gold in your own country and abroad is proably one of the better and more intelligent things to do and have. And if you see it that way there is no excuse not having at least some gold. I have take my share of it, and I speculate that I’m right on this. Well I base my confidence on the work of the economists of the austrian school. And I think this is the safest bet you can have. Nobody else has pointed out the maniac behavior of the states and all they told and written has come true. That’s now true for more than 100 years, and as long as man has to do economics, this will not change. Yes agreed they are not explicit pro Gold but they do know Gold has worked as money and there’s not reason that is should not in the future… So do you want money? Take gold or other precious or not so precious metals.

Next money too be burned

Schreibe eine Antwort

Now it’s Portugal.
http://citywire.co.uk/new-model-adviser/thursday-papers-portugal-appeals-for-eu-bail-out-money-and-other-news/a485095

The failout plans have not worked, do not work and never will work. It’s not a problem of too less money and credit but too much of them both. One just hase to compare the
money base expansion and output expansion. There’s too much money and so the prices start raising. Portugal has accepted and asked for too much debts and the EC countries do
not accept that. They want to provide them with more cheap money. And so the ones having taken risks (while buying bonds from portugal) will get all the money from those
having not taken any risk. So there is no relationship between taking and earning and this will lead in the end to a crash unprecedented.

Suggestions for the investor. You have two just take care of one think Sell your bonds early enough if the EC runs out of money. Till then one can buy as much bonds as one like. All the tax payers in EC guarantee your interest… So I think short runners may be quite interesting. Try to get back what the governments steal from you.

I wrote about it more than once

Schreibe eine Antwort

well the economic knowledge of Obama and his Gang is near non existant. Even before the US citizens have voted for Obama I have written, that he does not have an economic expert knowledge.
If you can find my writing about it here: http://fdominicus.blogspot.com/2008/10/keep-this-on-record.html

And he shows this gapping hole again. If he really has said that Germany profits from the “open” US markets. Well then I’ve some extra news about it for Obama. The German market is (at least for cars) as open as the US market, but people do not buy american cars. And they have good reasons. I bet the Americans also have good reasons to wish for german cars. If that will get more expensive, who will gain from it than?

The other gap is that Obama really seems to believe that introducinb barriers to free trade will do any part anything good. It’s as if you’d say alcohol is good for alcoholics.

I warned you before it all I warn you again. If the Fed and governement do not start striving for sound money, you will all get really poor. You than just can hope to have enough land to grow your own food. If that is what you want just follow Obame. He’ll manage to look this times as heaven on earth….