Germany in the 20's
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yeah I seen a similar video clip if you didn't own real assets you would stave as the paper tender exchange failed for the people ,Now I don't think thats going to happen here any time soon but I do believe you have to keep you savings well diverse GOLD SILVER bullion etc have an will aways be a great form of wealth protection for any human.
getting back to Mr D point on Gold halting world development yes you wouldn't have be able to go out an create masses of easy credit for wars etc unless the gold price was allowed to float against the debt created so if more credit was made than gold was mined an held by the central banks the gold price would increase to meant the outstanding increased debt ratio.
Nation's that spent more than they saved(ie increased their gold,silver,Plat etc holdings)would have Gold priced very high in their paper tender currencies which would in turn make their exports worth less to wealthy Nations that did have good savings ---Honest money for honest humans--
So putting this into some context at present --the likes of the US ,UK would have a very high gold price because they have taking on too much credit to gold held
the like of the swiss or chinese say would have a much lower gold price as they have much more savings than credit
this would mean the like of UK,US etc would command a much lower world currency rate in turn increasing their export values in their currency..
Basically If you Nation spent more that it earned via exports =Inflation If the nation grew within it's savings=no major Inflation
Now this is all my own thoughs an I'm sure many will pick holes in the idea ---But I really can't see how the USA having the world currency is good for the rest of the world esp. as they have proved they just keep creating new currency for free to pay the rest of the world
Well as theres only so many hrs in the day I can only stand to study I keep to what I have invested interest in or what I have in the past had interest with the odd company I do like but don't know really well If I had 100k to invest today I'd be looking at investing into- NAV & NAVO ,CVX,PEN,CFE,STX at or near there day low
-Study is your best friend if you want to make money IMHO
Hyperinflation is caused when the population lose faith in their currency, do you see that, except maybe in Zimbabwe?
You've been reading too much conspiracy theory which reminds of the proliferation of goldbug websites on the internet.
Many of these will be fraudulent, and unmasked when gold falls. Let's see how many of the ETF's, trust deeds, promissory notes, unallocated accounts, gold certificates, gold-linked bonds etc. stand up to scrutiny.
I can see it now, the usual collection of widows, suckers, senior citizens, and naive investors pleading with the government to intervene, their road to riches turned into the highway to hell.
When things get out of hand there's plenty of fraud and corruption. Here's one that came to light following the great 1990 Japanese stock market and real estate crash.
"Once real estate prices began to decline some of the hanky panky in the loan approval process became known. A woman who owned a small restaurant in Osaka had borrowed the yen equivalent of several billion dollars from the local branch of Sumitomo Bank; she had a 'friendly relationship' with the local banker.
Some of the real estate appraisers for the banks had been bribed-or perhaps frightened-by the yakuza, who had figured out that the low-risk way to rob banks was to secure loans on highly inflated appraisal values of the real estate that was being pledged as collateral. The senior officers of several of the large regional banks made loans to real estate developers so that they could buy the land that was owned by the bank officials.
Several senior officials of the august Ministry of Finance were entertained at a 'pantyless shabu-shabu restaurant' that had a mirrored floor; the suspicion was that these officials provided advance information to their hostsabout impending changes in financial regulations"
Skol, how about just telling us "briefly", what stocks do you like, both fundamentally and technically?
Seems pretty hard to have a conversation with you mate, especially when you continually come across like you dont have your own opinion, but rather "always have somebody else's opinion".
Here is mine, gold prices are high, buy a stock that has bottom and is moving upwards both Technically and Fundamentally.
When it reaches a certain target, I sell it or a portion of it. DONE, simple.
Non of the emotional cr@p about what others say, so or rant about. So for now that is my opinion, its simple.
No hard feelings hey mate :)
I put here yesterday what I have, didn't you read it?
Bought ALS & TOL when they folded a while back. Bought TLS, good TA and 9.3% div. Good contrarian stock, will go up or hold its value when market heads south.
Got MGR & SGP. PDN too, only mining stock.
Have sufficient exposure to resources through BT Natural Resources fund. Best performing of any Ozy fund for years and reinvest dividends, been in it for 15 years.
Sold VBA, will buy it back later. Bought and sold PPX recently. Bought and sold ALL recently. Own CSR and AWB. Like agriculture, will do well bought and sold AAC and will buy back.
Have taken money off the table because the markets due for a breather.
I'm a contrarian always looking for bad news, so many people say sell the US dollar might be time to put a bit more there.
And AWE, but looks like a duster, too bad.
Bought and sold ALL recently so you have only AWE? now skol