- 12-30-2008, 04:50 PM
- 12-30-2008, 05:53 PM
- 12-30-2008, 10:42 PM
Most places you go will spew out your standard invest in the market and over time you will see growth strategy. However, there are serious inherent flaws in this strategy, namely inflation.
I recently read "Crash Proof, How to Profit from the Coming Economic Collapse" by Peter Schiff, and his insights are golden.
There is mounds of raw data out there, and the best thing you can do is try and interpret that data into a coherent strategy and follow that strategy. My strategy is based on the premise that the dollar is dying and I'm taking what I think is the optimal strategy to maintain profits in this environment.
12-30-2008, 10:52 PM
The value of precious metal is in the labor that it took to find and mine them as well as the the effort to refine them. That gives the metals objective value.
Metals like tin and commodities like oil are wanted for their utility alone. Precious metals have both utility and ascetics pushing their value.
12-30-2008, 10:54 PM
01-10-2009, 05:22 AM
FYI: Gold Fever....this is just the start.
Gold rush erupts over financial crisis
By Nick Gardner
The Daily Telegraph
January 10, 2009 12:01am
All that glitters ... investors are are ploughing billions of dollars into gold to fend off the financial crisis.
• Record rush on gold in Australia
• Investors convinced gold's a safe haven
• Only time will tell if it is
THE global financial crisis has sparked a new gold rush.
Worried investors seeking a safe home for their money are ploughing billions of dollars into the precious metal in a bid to preserve their wealth, The Daily Telegraph reports.
Demand has now reached such unprecedented levels that the Perth Mint, Australia's biggest wholesaler of gold coins and bars, has been forced to ration its sales.
Perth Mint's bullion sales rose 194 per cent in the December quarter compared with the corresponding period in 2007, while silver bullion sales were up 140 per cent.
The mint has suspended sales of all gold bars and all bullion coins - except its 1oz "Kangaroo" gold bullion coin.
On Monday, after a three-month suspension, it will expand its range of bullion coins for sale but the restrictions remain in place for minted gold bullion bars so the mint can sell some gold to as many customers as possible.
"We are working three shifts a day, six days a week, and still can't keep up with demand," Perth Mint CEO Ed Harbuz said. "I've never known anything like this in the precious metals market.
"We would be working Sundays too but we are having difficulty getting enough staff."
Non-minted gold in the form of cast bars produced by Perth Mint's local refinery can still be bought, although customers who want the bigger bars often have to wait several weeks.
One customer recently bought $500,000 worth of bullion and wanted it delivered so he could hold it personally.
"For very big orders we normally keep the gold in our depository for security reasons," Mr Harbuz said.
"Orders of $10 million or more are not unusual. Often the orders are much larger if we are dealing with pension funds or institutional investors."
01-10-2009, 08:35 AM
01-10-2009, 05:47 PM
01-10-2009, 07:01 PM
01-10-2009, 07:04 PM
01-10-2009, 08:36 PM
01-11-2009, 11:45 AM
01-11-2009, 12:20 PM
01-11-2009, 09:18 PM
01-11-2009, 09:35 PM
01-11-2009, 11:52 PM
I think Jake may be on to something with the Aussie Au rush and his insights on REEs. When the economy craps out, there won't be much capital for opening new mines, ya know. It makes sense that people in the know would procure needed elements before hand.
01-12-2009, 07:15 AM
01-12-2009, 09:24 AM
01-12-2009, 09:35 AM
01-12-2009, 09:37 AM
Absolute bloodbath today:
Yamana Gold Inc. (USA) AUY 6.58 -0.45 (-6.40%) -11.10%
Pengrowth Energy Trust (USA) PGH 7.93 -0.17 (-2.10%) -1.32%
SPDR Gold Trust (ETF) GLD 81.22 -2.70 (-3.22%) -2.24%
iShares Silver Trust (ETF) SLV 10.78* -0.32 (-2.86%)-0.80%
CurrencyShares Australian... FXA 68.51 -2.01 (-2.85%) 2.70%
USAA S&P 500 Index Member USSPX 13.33 -0.29 (-2.13%) 3.36%
Johnson & Johnson JNJ 58.94-0.11 (-0.19%) -0.27%
01-12-2009, 01:55 PM
Monsanto has almost complete control of the worlds seed supply with patents on 1200 different strains. Their round-up ready seeds spread into neighboring farmers land and they can sue them for damages and patent infringement.
A presedent was set when the ruling judge in their first case ruled it didnt matter how the seeds got in their crop, only that they were there. If you had no soul and wanted to sell out to the devil monsanto stocks will be the future since they will control the food we eat. GMO crops will be the downfall of human beings but maybe you can get some cash!
01-12-2009, 05:21 PM
The problem is, you can't make deals with the devil without getting burned somehow, so if Monsanto really is the devil, don't count on a return anyway.
01-12-2009, 09:35 PM
It is for this reason i form my own opinions and seek to expand, alter and grow them. I refuse to be a sheep a blind follower void of heart, introspection and passion for truth.
I welcome a response in a PM if you think there is a flaw to my logic and if you are interested in monsanto and GMO crops check out "the future of food". Alarming, disturbing and likely to be a great source of human suffering, disease, mutation and illness.
Good to see you posting again Dr.!
Last edited by somewhatgifted; 01-13-2009 at 01:06 AM.
01-13-2009, 12:25 AM
01-15-2009, 07:19 AM
If you have money in the market in something other than a fund that shorts, pull it out now. Its going to get bloody. It hit 8200 yesterday, and many people that study fundamentals are predicting as low as 5500.
Yesterday, retail sales were expected to be 2.2%. They were actually -2.7%. Crazy. Here's my portfolio now.
Pengrowth Energy Trust (USA) PGH 7.78
The only reason I kept that is because every month I get 11 new shares off my 500 through dividend reinvestment. If the price plummets that will mean more shares every month.
01-15-2009, 07:59 AM
Anyone else kinda enjoying seeing these banks tumble??
01-15-2009, 09:16 AM
Look at it this way:
You own 100 shares of a fund that mirrors the DOW that you bought for 13 dollars a share when the DOW was 13000. Now your 13000 is worth 8000. Well, if the market drops to 5000, that's how much your investment is worth. However, if you sell now, at 8000 and buy back in at 5000, you're getting more than 50% more shares, and when the market pops back up, your profit will be that much sweeter. Just some food for thought.
01-15-2009, 09:30 AM
eg. you buy $20K worth of stock at 50c/share.in 5 years time they are worth $1.50 so you have trippled your money which is a great return even IF after you bought the shares they trickled all the way down to 10c/share.....it would be very annoying to watch and you'd need balls to hold onto them but like i said long term if you have done you're research you should be in the money. The thing to remember is if you thought the stock was a bargain at 50c then you can buy more at 40c, 30c etc and your average price will drop right down anyway and a smaller turn around will be needed to break even/make profit.
as for my traders comment it was made off the cuff when things were tumbling before xmas...as in not a thought went into it but i think he is right. There are going to be fortunes made in the next decade and i intend on bagging one for myself!!
01-15-2009, 10:05 AM
People expected the market to be worse....a mere 2.2% growth in retail sales was projected. The lowest in years. The market got -2.7% in retail sales growth. Every company that has reported earnings from JP Morgan in financials, to ALCOA in basic materials has missed earnings. Big time. The market has dropped almost 10% THIS WEEK, and its Thursday. Every indicator is a downward spiral, with no bottom yet in site.
Add in the fact that the US is printing money at exponential rates, and you can count on serious inflationary pressures once the banks stop hoarding their cash and foreign investors shy away from the treasury bubble.
The fundamentals are BAD.
I think Jakell said earlier that cash is king. I believe him now. I'm sorry for doubting him before. At least till inflation gets a foothold, then gold is king and cash is a pauper.
I plan on getting heavy into gold near April-June 2009. Depending on when the dollar shows signs of losing value.
01-15-2009, 10:18 AM
^^^ there's plenty of different strategies people are using in the curent climate. I hope you pick one of the right ones. I'll stick with my current positions and leave the rest in cash for now.
01-15-2009, 01:46 PM
01-16-2009, 05:31 AM
well its all doom and gloom for us...if your planning a trip to Australia anytime soon sounds like its going to be cheap for you guys around Xmas this year.....might have a cheeky spreadbet on the USD/AUD rate...
01-16-2009, 07:41 AM
01-16-2009, 07:59 AM
im in the UK now and the pound has dropped quite a lot but not as much as the AUD. ITs the shipping that kills me.
01-17-2009, 02:52 AM
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