F

[Rapunzel911]

Originally posted by davdah:
***** IMPORTANT ******

Just discovered video of Obama in China. What really happened at that meeting.

LOL.

[Brit4064]

Next we'll be hearing ads from Glenn Beck on "sell your gold now! Prices to drop any minute...don't wait!"

[Brit4064]

I'd say the sheep are those who get sold on buying/selling gold when they're told to by paid spokespersons like Glenn Beck. Again, do you really think they have your best interests at heart? LOL Just like the mortgage brokers/bank fiasco, they will latch onto anything that makes a quick buck. Remember last year's sudden oil price rise? Now it's gold what's next?? Speculation is a great way to make a quick buck but it doesn't necessarily benefit all. PT Barnum "there's a su-cker born every minute".

[OldE]

It's irrelevant what Glenn Beck says or doesn't say.

The fact is:

1)People want to make money

2)People will naturally look for easiest way to make it (which is , again, NATURAL thing. Just as water will flow through the easiest to pass relief under the force of gravity).

What matters is:

A) Intelligence!

If there is a panick selling of any stock or commodity (or vice versa, like housing market few years ago), anyone with the least bit of common sense will realise that the surge in demand (or lack thereof) is not justified by objective economic circumstances, but fueled by herd instinct and emotions.
Intelligent person will be cautious and not rush to follow herd instinct, instead will try to make the most rational decision using his intelligence.

B) Intelligence!

Real Intelligence (knowledge of the FULL spectrum and TOTALITY of circumstances).
Now, this one is hardest to obtain, even if you possess IQ score of 20 Einsteins you may simply lack the knowledge of the full picture.
You may read thousands of articles but what good does it make if all are misleading to one or another degree because noone actually knows what's really going on?

To resume:

Anyone in possession of A and B is almost guaranteed to make limitless fortune, especially in times of crisis.

Anyone lacking B but in possession of A has a chance to mitigate losses and occasionally may even win some, with chances being higher in times of prosperity and lower in times of crisis (as fluctuations become too unpredictable in absence of B).

Anyone lacking A and B is guaranteed to lose at all times.

Simple as that.

[Kollerkrot]

Originally posted by davdah:
Why do I even bother! Ok kiddies, it's like this. Let's pick it apart. Why do people buy gold? Because they think it's safe. It's what people run to when things go south. As the economy improves gold drops. The faster the turn around the quicker gold gets the financial boot. When that happens guess where the price goes? That's right, straight down.

Gold went up over the last few years as the market deteriorated. It's peaked and starting the slide back down as the market is resuming it's upward trend. The two cycle opposite each other. Gold isn't bad. It has it's place in the grand scheme of things.

Don't you think it's time to avoid being sheep? What happened over the last couple years? Most got slaughtered like spring lamb because they held onto falling value assets. All because of a reluctance to move when it was the right time. Gold is at it's peak, time to sell and get in on something else with momentum to continue north. Since global warming is a proven hoax the trek northward will be under firmer ground.

Ha, this is sooooo funny! I hope the guy that rented the store front property not far from me entitled "Cash for Gold" is on a short lease.

Having heard that gold prices are high, I just recently thought, seeing that newly established store, that the market must be going nuts. I have never seen a store for that "Old Gold Purchases" purpose alone.

How is everyone??? Thought I am going to stop by today.

[OldE]

You are so retarded, better not post under "Financial News" thread.

I provided the ONLY worthy of contemplating advise, those with brains will read and heed to it.

[Kollerkrot]

Originally posted by OldE:
You are so retarded, better not post under "Financial News" thread.

I provided the ONLY worthy of contemplating advise, those with brains will read and heed to it.

Aha...so you declared yourself the ILW Thread-Police??? Calling me retarded...a guy who wakes up every morning thinking he is Salvador Dali!?!

[OldE]

No, I didn't declare myself ILW Thread Police (taking it so is another proof of your retardatiuon).

I simply stated the fact: you are retarded.
Just read what you write!

BTW, I don't think I am the Salvador Dali.
He was a Great Genius, for sure, but I am much better.

Bang Bros

[Brit4064]

Thanks davdah, you've just confirmed to me (if it were needed) that Glenn Beck is a moron.

Welcome back Kollerkrot. Are you ready for the big courtroom drama next month? And the drama will be for the USCIS not you

[Brit4064]

Glenn typifies the view of the far-right. Scaremongering about socialism. When you think how European countries have managed to survive, even prosper with so-called socialist policies for decades. By his logic they should all be dead and buried by now. Shows his level of intelligence.

[Brit4064]

So much for a consumer-led recovery...

Consumers Getting Shut Out Of Economy, Analyst Says
Lack of lending leaves few options

While Wall Street is a pretty upbeat place these days when it comes to the economy, there are still "bears" who have yet to catch sight of a recovery. Meredith Whitney, founder and CEO of Meredith Whitney Advisory Group, remains bearish, she says, because consumers are being shut out of the economy.

She says the economy has been pushed along by the government so far, but that there's just so much the government can do unless consumers begin to resume regular economic activity.

"I think they're out of bullets," Whitney said on business cable TV channel CNBC Tuesday.

consumeraffairs.com

Pretty much what I was saying a while back. If the banks don't start lending soon, this recession will drag on. Pointless in giving tax cuts if nobody is spending either because they don't want to or can't!

The banks seem to be schizophrenic these days. Gone from lending to anyone with a pulse to nobody. Of course davdah will now tell us it's all the Obama Administration's fault LOL

[Brit4064]

Now here's an idea. About time this happened here.

UK Imposes One-Time, 50% Tax on Banker Bonuses

British bankers' bonuses will be a lot lighter this holiday season, thanks to a one-time, 50 percent tax imposed on bank bonuses, announced Wednesday by Britain's chancellor of the Exchequer, Alistair Darling.

Bonuses greater than 25,000 British pounds (about $40,600) will qualify for the tax, which will be paid by banks rather than the individual recipients, and will take effect immediately.

pbs.org