tag:blogger.com,1999:blog-2882164053150608986.comments2023-10-11T15:21:48.457+02:00Foolish PerspectiveThe Foolhttp://www.blogger.com/profile/13448467644633990105noreply@blogger.comBlogger371125tag:blogger.com,1999:blog-2882164053150608986.post-67653701519768789902017-07-23T00:32:53.956+02:002017-07-23T00:32:53.956+02:00One may consider it as insurance. A small allocati...One may consider it as insurance. A small allocation to your portfolio of say 2-5% would not be amiss. Motley Foolhttps://www.blogger.com/profile/06902761012772262091noreply@blogger.comtag:blogger.com,1999:blog-2882164053150608986.post-33030318172485761692013-09-10T12:10:41.944+02:002013-09-10T12:10:41.944+02:00Hi MF,
(sorry for my english, it was late as you c...Hi MF,<br />(sorry for my english, it was late as you can see and some glasses of wine had also passed...;)<br /><br />Let's say you are a miner. Now you have (suddenly) a higher corporate/gain tax, what would you do? Jep, I raise my bonus/salery up to a point, so that the company does not make any profits to tax any longer. Now what? You might react by putting a fixed fee on every ton of gold I extract? Hmmmm, what if I can not get that fee from the free market place? I'll would not dig a single ounce out of the ground, but would rather move to your neighbour country...... see, it's not that easy to tax (which does not mean, that it is impossible, just saying).<br />But I see maybe another development: Okay, look at <b>your</b> country. Some monkeys might just nationalize the mines. What would happen than? What is your take? IMHO, chaos&corruption and in the end they wouldnt take a single ounce out of the ground either, no more low hanging fruits for anybody, sounds familiar?<br /><br />And what I simply can not get: if even you as a gold "expert" can not tell your personal individual "fair price" of gold, why do you expect that suddenly everybody else would be buying continuiously regardless of the price? But buying also always involves selling: If somebody is buying regardless of price, what is the other side doing? Selling regardless of price? See the paradox situation of golds pricing?<br /><br />Greets, ADAdvocatusDiabolihttps://www.blogger.com/profile/05290930478826481037noreply@blogger.comtag:blogger.com,1999:blog-2882164053150608986.post-24511669353642260522013-09-09T23:22:35.561+02:002013-09-09T23:22:35.561+02:00Hi AD
Your english seems to have deteriorated sin...Hi AD<br /><br />Your english seems to have deteriorated since last we spoke.<br /><br />I do agree with the supertax stuff. It's simple tribal economics. Mass low hanging fruit free profits. Keep for the state or give away?<br /><br />As to selling, I would also sell some when the dust has settled. But I am small fry, my few ounces won't make much difference. <br /><br />What is of import is that those who produce lots have a store of value. At todays price, gold doesn't work. At a higher price it does.<br /><br />Determining what that price is is impossible though. It will be determined by the whole of the human race, in their actions. It is a super-collective 'decision'. And so it is not predictable exactly. We can say it must be an order of magnitude higher than today though, even though accurate assessment is impossible.<br /><br />Peace<br /><br />TF The Foolhttps://www.blogger.com/profile/13448467644633990105noreply@blogger.comtag:blogger.com,1999:blog-2882164053150608986.post-22700285709025669212013-09-03T00:47:19.184+02:002013-09-03T00:47:19.184+02:00Hi MF,
“2. Yes, the flow is what matters, but the ...Hi MF,<br /><i>“2. Yes, the flow is what matters, but the flow to and from the “saver’s stock”- Aquilus”<br />Disagree. All flows matter.</i><br /><br />oh really? ;) starting to get it? ;)<br />See, after all that time of reading and studying, I am still trying to figure out, what is the "ask" versus the "bid" price for gold? Is that an appropriate approach towards gold price discovery at all anyway? I am starting to wonder.<br />You correctly notice "it is the overall total flow that matters". YES, absolutely.<br />What do we know so far for sure?<br />We know:<br />1.) miners have to sell at a price to survive, today not really that successfully, just at the edge of survival. FOFOA gets into this super-gold-tax, I dont buy into it, that this ensures a stable high price.<br />2.) scrap sellers will probably sell at any price anyway, they just want to get rid of grandmas stuff, not knowing anything of gold at all anyway.<br /><br />Let's look at (potential) buyers:<br />1.) jewelry. Hell, I dont know, I am married but that is so hard to tell a womans mind. I told my wife: Gold is fine, let it have designed whatever you want, just make sure to make it heavy. But last time my wife wanted to have inox stuff IMG!!!<br />2.) my personally, I buy, but not right now, I have ~50% portfolio. I dont know what exactly drives my when or what. I tend to buy always whenever I saw my chancellor ;) But I am sure that at multiples of mining costs I would not buy at all anyway.<br /><br />Looking at myself, when would I sell? THAT is the most difficult part. I calculated for me personally that when gold hits €10000, I am out with half of my holding to fulfill my file dream: Great Hans Lollik Island with all stuff needed. Yes, probably stupid, but why not having dreams in these boring socialist times.<br /><br />So I think to round it up, the overall flow with the resulting price is really really hard to grasp, if I could not realy determine the price for myself.<br />Greets, ADAdvocatusDiabolihttps://www.blogger.com/profile/05290930478826481037noreply@blogger.comtag:blogger.com,1999:blog-2882164053150608986.post-44785474082704987942013-09-02T23:49:48.979+02:002013-09-02T23:49:48.979+02:00That's essentially the perfect attitude imo. :...That's essentially the perfect attitude imo. :)The Foolhttps://www.blogger.com/profile/13448467644633990105noreply@blogger.comtag:blogger.com,1999:blog-2882164053150608986.post-72546730427969034602013-08-30T20:55:28.478+02:002013-08-30T20:55:28.478+02:00I hold both physical silver and physical gold as w...I hold both physical silver and physical gold as well. (Most of my wealth is in physical gold though.) I plan on using my physical silver during the "transitioning" stage which might include hyperinflation. However, I plan on using my physical gold after the "gold re-evaluation" stage. <br /><br />I could care less what happens to the value of my silver holdings. If silver goes way up and I can swap it for another assets, great. If it goes down and or does nothing, oh well. Sicilian Goldnoreply@blogger.comtag:blogger.com,1999:blog-2882164053150608986.post-15332383008337505982013-08-30T12:40:48.155+02:002013-08-30T12:40:48.155+02:00Thank you, then I will do so. You seem to be doing...Thank you, then I will do so. You seem to be doing well, I'm glad. :)<br /><br />Ps. Only harm is to the psyche of us left to hold the fort against the usual types of persona's. :PMotley Foolhttps://www.blogger.com/profile/06902761012772262091noreply@blogger.comtag:blogger.com,1999:blog-2882164053150608986.post-61306445131192244672013-08-30T09:58:48.142+02:002013-08-30T09:58:48.142+02:00I'm happy for you to link it or quote it and m...I'm happy for you to link it or quote it and mention me as the source if you wish. Giving Phil the link to "a comment at my blog that addresses your questions" might be the best way to handle it. The name is plain to see. If he wants to discuss it here direct message me and I'll be happy to continue the discussion with him.<br /><br />I don't want to repost it and raise any expectations that I can't fulfil or rub salt into old wounds. The time and distance from FOFOA's blog has been beneficial in the development of my understanding of several topics. And the blog itself seems to be going strong. So no harm done by my absence.<br /><br />Cheerscostatahttps://www.blogger.com/profile/17932860172715556937noreply@blogger.comtag:blogger.com,1999:blog-2882164053150608986.post-70254570023707046032013-08-30T09:28:39.026+02:002013-08-30T09:28:39.026+02:00Yes. Thank you.
I could have attempted a explanat...Yes. Thank you.<br /><br />I could have attempted a explanation but it would not have been nearly as clearly worded as this.<br /><br />How would you like me to proceed? Do you want to make this comment yourself? Do you want me to quote you and attribute it? Or would you prefer I quote without referencing source? Or would you like me to make as if these are my words ( I do not like this option, but will concede if you insist)?<br /><br />Motley Foolhttps://www.blogger.com/profile/06902761012772262091noreply@blogger.comtag:blogger.com,1999:blog-2882164053150608986.post-32551170743017083182013-08-30T08:40:16.045+02:002013-08-30T08:40:16.045+02:00Okay, One of the important things here is to diffe...Okay, One of the important things here is to differentiate a stock from a flow.<br /><br />Interest is paid from the existing money stock which comprises circulating currency (coins and notes), bank reserves held at the central bank, cash held by banks and deposits with banks. All of these components of the money stock are (or should be) demand driven. So they will fluctuate in both directions, increasing or decreasing as required. A currency issuer can inflate the currency by increasing the supply of circulating currency if none of the other circuits are increasing the stock. <br /><br />Interest payments are a flow. The same unit of the money stock from, say, your bank account that is used to pay interest flows to the bank account of the lender who is receiving the interest and it can then flow to, say, their landlord's bank account as part of their rent payment. This is no different to a purchase in a retail store. The payment isn't trapped in their POS terminal or Eftpos machine. The money recirculates.<br /><br />Now let's speak to the allegation that a debt based monetary system like this requires ever increasing amounts of debt in order to service interest and debt. This can occur if policy permits it or encourages it to happen but it is not automatic. In other words it isn't a design feature of the system. Let's explore one way in which the money stock is <i><b>reduced automatically</b></i> in this system.<br /><br />At the individual bank level, a bank borrows first and then lends. Within a banking system, comprising multiple banks, the banks lend first and then seek any reserves they require afterwards. These loans in turn create deposits. CB reserve creation, for example, is (bank) demand driven not supply driven as some think. There are papers from the Bundesbank, Fed, ECB and many other sources that confirm that this is how the system in most countries works. (It's sometimes called endogenous money or circuit theory.)<br /><br />Now let's look at the implications for the money stock of this loan and deposit circuit. The bank loan is an addition to the money stock that is removed as the loan is repaid. It's a temporary addition not a permanent addition to the money stock provided it is repaid. So there is no inherent bias toward endless expansion of the money stock in a banking system of this type if it is operating correctly just because the money was loaned into existence initially.<br /><br />As mentioned above the interest is merely a flow. So it doesn't increase the money stock. It is simply part of the money stock that is circulating via a series of transactions commencing (in this example) with the interest payment.<br /><br />Does this give you what you are looking for?<br /><br />Cheerscostatahttps://www.blogger.com/profile/17932860172715556937noreply@blogger.comtag:blogger.com,1999:blog-2882164053150608986.post-77087450952479706942013-08-30T07:44:30.373+02:002013-08-30T07:44:30.373+02:00Hi MF,
I assume that Phil is referring to this pa...Hi MF,<br /><br />I assume that Phil is referring to this part of your comment:<br /><i>This is not actually a problem in the current system, despite hard money advocates saying so, and me believing them for a while, based on the simplistic argument that total monetary stock is by definition less than future monetary stock due to interest due. The reality of monetary flows is more complex, and the 'lack of existence funds for repayment' argument doesn't hold water.</i><br /><br />And here is Phil's comment:<br /><i>Motley Fool Said: "based on the simplistic argument that total monetary stock is by definition less than future monetary stock due to interest due." <br /><br />It may be simplistic and it certainly seems straight forward to me. <br /><br />In a debt based monetary system where all new money is borrowed into existence how is it that there can be enough money to pay back the debt including interest if the money for the interest had to be borrowed into existence also?<br /><br />I am trying to understand your argument that future monetary stock will be sufficient. Perhaps you can give additional details.</i><br /><br />There's been a lot of reading and researching for me since we last discussed this topic. So my response may be different to what I said some time ago. I will upload this comment first to provide a reference and then comment on it.<br /><br /><br /><br />costatahttps://www.blogger.com/profile/17932860172715556937noreply@blogger.comtag:blogger.com,1999:blog-2882164053150608986.post-48620472591858095462013-08-30T01:25:22.005+02:002013-08-30T01:25:22.005+02:00Hi MF,
If you want to outline the issue I'll ...Hi MF,<br /><br />If you want to outline the issue I'll be happy assist if I can.<br /><br />Cheerscostatahttps://www.blogger.com/profile/17932860172715556937noreply@blogger.comtag:blogger.com,1999:blog-2882164053150608986.post-51137201230415939122013-07-14T01:02:57.685+02:002013-07-14T01:02:57.685+02:00nice blog
Ogniwa fotowoltaicznenice blog <br /><br /><a href="http://www.mikroinstalacjaoze.pl" rel="nofollow">Ogniwa fotowoltaiczne</a><br />Anonymoushttps://www.blogger.com/profile/14683734279534362860noreply@blogger.comtag:blogger.com,1999:blog-2882164053150608986.post-19191742286224159502013-06-28T18:17:59.672+02:002013-06-28T18:17:59.672+02:00'Yeah, do that. Today was the official announc...'Yeah, do that. Today was the official announcement of Cyprus' partial sovereign default. You may also remember the Greek default last year, the bank restructuring in Cyprus earlier this year and the haircut on the subordinate debt of those Spanish banks that got European support. Hmmm. Over there, they seem to be reading a different book, eh?'<br /><br />Amazing how you were a committed real bills believer, and now you're totally unable to think objectively about issues as obvious as this. Very sad to see you so lost to the dark side. <br /><br />Still, old rain bow above had his mind blown by your last post, so that's good.Gary Morganhttps://www.blogger.com/profile/09934552877086935070noreply@blogger.comtag:blogger.com,1999:blog-2882164053150608986.post-21136384785373340162013-05-24T03:06:20.394+02:002013-05-24T03:06:20.394+02:00Hi TF
I've found a very disturbing piece re ...Hi TF<br /><br />I've found a very disturbing piece re the preparations for the Tranatlantic Trade Partnership. They seem to have brought it quite quickly1<br />I am extremely concerned about it and I suspect they might have agreed to a reset (FG) AND the TATP!<br /><br />Here is the transcript - very fresh, may 21th!<br /><br />http://www.cfr.org/economics/eu-ustransatlantic-trade-investment-partnership/p30766 <br /><br />As you see it comes from the much beloved CFR!<br /><br />Please take a look at it. it is very strange what our Masters are about to dish us with!<br />The Germans - those discussing this subject on web refuse it and I see it as a great disadvantage for the EU!!!!<br /><br />Regards<br />Fauvi<br /><br /><br /><br />Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-2882164053150608986.post-37197160513118943742013-03-06T21:27:20.596+02:002013-03-06T21:27:20.596+02:00What? Just. What are you even on about... just nev...What? Just. What are you even on about... just never mind.The Foolhttps://www.blogger.com/profile/13448467644633990105noreply@blogger.comtag:blogger.com,1999:blog-2882164053150608986.post-61699173151068782452013-03-06T14:03:45.882+02:002013-03-06T14:03:45.882+02:00just noticed:
In earlier days FOFOA just deleted c...just noticed:<br />In earlier days FOFOA just deleted comments that were contrair to his view of the world, so far so funny.<br />Now he changed and only allows "personally approved" comments. e.g. I just try to help "M" with a question, as always polite and spot on. FOFOA apparently lost it so much, that he is not even interested in content but rather only in persons that 100% pray and follow his cult. But in that case these people are allowed to spill over the comment section with some crap like "free energy" and "gobal spiritual awareness" etc....<br /><br />I mean, okay, he is welcome to do so, but it tells me, that he just interested to keep his church and religion clean. Remember how dear old Mortymer (who actually is a freegolder as well, but with some own brain and research) was bashed out of the blog?<br />But basically common sense tells you when looking at such churches and business modells... most of the time, they ask for donations.....<br />And even right now as the falling price for physical gold has wiped out more of my personal "nominal wealth" than most of the ignorant suckers will ever held, even after revaluation, I love it seeing it fall and imagining the faces... :D<br />Greets, ADAdvocatusDiabolihttps://www.blogger.com/profile/05290930478826481037noreply@blogger.comtag:blogger.com,1999:blog-2882164053150608986.post-81918071619525060492013-03-05T21:52:41.578+02:002013-03-05T21:52:41.578+02:00Ok Gary I'll play. What exactly is your issue?...Ok Gary I'll play. What exactly is your issue? That FOFOA thought the system would collapse by now and it hasn't? Hell I am guilty of that too. I never thought we will still be chugging along by 2013.<br />The Foolhttps://www.blogger.com/profile/13448467644633990105noreply@blogger.comtag:blogger.com,1999:blog-2882164053150608986.post-70223443952100029532013-03-05T18:20:04.738+02:002013-03-05T18:20:04.738+02:00And this...
http://xltweet.com/show/?id=53535E595...And this...<br /><br />http://xltweet.com/show/?id=53535E595040Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-2882164053150608986.post-48346550992268191872013-03-05T18:19:17.458+02:002013-03-05T18:19:17.458+02:00http://neuralnetwriter.cylo42.com/node/4014
I saw...http://neuralnetwriter.cylo42.com/node/4014<br /><br />I saw your comment on this thread.....'Curious'....curious how Fofoa ran away with his tail between his legs perhaps.<br /><br /> Why do you think Fofoa bans discussion of realpolitik at his blog?<br /><br />Seems a big piece of the picture to just ignore doesn't it?<br /><br />But it didn't fit his view of the world. 9/11, Iraq, Libya, now Syria....all irrelevant it seems!<br /><br />Any thoughts?<br /><br />Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-2882164053150608986.post-87968438040147872272013-01-28T16:17:02.458+02:002013-01-28T16:17:02.458+02:00Prospero
In the context of this post, those terms...Prospero<br /><br />In the context of this post, those terms are essentially interchangeable.<br /><br />I will note that wealth is excess savings held in the form of possession of a physical item that is of limited quantity, generally stored for a longer timeframe. Whereas value saved may not necessarily be for a longer term.<br /><br />TF The Foolhttps://www.blogger.com/profile/13448467644633990105noreply@blogger.comtag:blogger.com,1999:blog-2882164053150608986.post-75853154930946454252013-01-28T09:54:29.992+02:002013-01-28T09:54:29.992+02:00How exactly do "store of wealth" and &qu...How exactly do "store of wealth" and "store of value" differ?Prosperohttps://www.blogger.com/profile/13208874202984786251noreply@blogger.comtag:blogger.com,1999:blog-2882164053150608986.post-58779034486085904882013-01-16T00:05:04.729+02:002013-01-16T00:05:04.729+02:00Gold is can be a good store of value, but as an in...Gold is can be a good store of value, but as an investment it pays no income, unlike other real asset alternative options.GreenWorld Alternative Investmentshttp://www.greenworldbvi.com/alternative-investments-options/noreply@blogger.comtag:blogger.com,1999:blog-2882164053150608986.post-82918724329670445432012-12-15T23:55:04.270+02:002012-12-15T23:55:04.270+02:00@MF and tyranny
Hi,
Silver sucks! Historical arg...@MF and tyranny<br />Hi,<br /> Silver sucks! Historical arguments to the contrary notwithstanding. Tyranny, you are describing the historical perspective like a painting with no facts about how and why it was painted so in respect to the modern situation. Hoarding silver/oil is like trying to make a deal while holding a loaded gun at s.one`s head. The real bills doctrine or this > http://www.youtube.com/watch?feature=player_embedded&v=nORI8r3JIyw < in a pure fiat system are infinitely better. Competing/supplementing metals in a monetary role - what are they good for - absolutely nothing. There could be only one!<br />Send my condolences to the silver suc...er.. stackers.<br />Greets,<br />Bright AurumBright Aurumnoreply@blogger.comtag:blogger.com,1999:blog-2882164053150608986.post-61681503612226080932012-12-11T16:24:18.822+02:002012-12-11T16:24:18.822+02:00Hi JoJo and MF
It is on my blog at http://tyranny...Hi JoJo and MF<br /><br />It is on my blog at http://tyrannyofthepresent.wordpress.com/<br /><br />I tried to post a bit here, but it vanished. Comments are welcome.<br /><br />Tyrannyofthepresenthttps://www.blogger.com/profile/10709473728833555164noreply@blogger.com