Gold......safe or sorry?

[Steve]

Hee Hee

[wattie]

Hee what?
Financial crisis over is it.....Japan, Europe Us all Hunky dorey??
You not been $ cost averaging........
cheers Wattie

[Steve]

I was laughing at the attachment

[jpswift]

i wondered when this would all get resurrected............

[wattie]

[quote="Steve"]
I was laughing at the attachment
[/quote]
Ahh Gotcha, very interesting whats going on.....
Gold still 6.5% in Euros and positive GBP at the mo for 2014.
Cheers Wattie

[Steve]

[quote="Steve"]
Biggest error politicians could make right now would be to pander to the idea that European banks need a core tier 1 ratio of 9% after a scenario of a deep two year recession and a default of Spain, Italy et all.  Such a move would be hugely deflationary as banks reduce assets and the monetary base contracts sharply.  Gold would surely only work as a hedge in the opposite scenario?

Allianz perpetual debt at 12% on the other hand would look like a master stroke.
[/quote]
Would have quadrupled your money on this one Wattie

[wattie]

Coulda shoulda woulda.......think you either believe in the giant Ponzi scheme we have just now- or you don't!!

With 8 of the Eurozone experiencing outright deflation already I find it amazing that the recent stress tests made no allowance for such......Fiddled again to make banks look stronger than they are!

http://www.zerohedge.com/news/2014-10-26/chart-crushes-all-credibility-ecbs-latest-stress-test

I don't know how all this will pan out, but I know it won't end well!

Cheers Wattie

[Steve]

Sure thing. Wish you well with the new addition - changes a lot of things.

[John Scherrer]

So "We'll all be doomed"    ... again ...

[wattie]

S [quote="Steve"]
Sure thing. Wish you well with the new addition - changes a lot of things.
[/quote]
Thank you
Wattie

[wattie]

First Barclays, Now UBS.....who's next?

http://www.ft.com/cms/s/0/428e1400-6804-11e4-bcd5-00144feabdc0.html#axzz3IbAadGM6
http://www.zerohedge.com/news/2014-11-09/another-conspiracy-theory-bites-dust-ubs-settles-over-gold-rigging-many-more-banks-f?page=1
Criminal bankers getting away with it again, ineffective reguators letting them and politicians ignoring it because they're funded by them. F****n outrageous.

These are ridiculous fines. This is like a burglar stealing $100,000 then entering a deal whereby no guilt is admitted by paying a fine of $10,000.

Cheers Wattie

[Bruce Fielding]

Saw this... thought of this thread

https://youtu.be/bYhTFz_SGw0

[wattie]

Yup you can't beat American stupidity!
Cheers Wattie

[meladdo]

Unbelievable 

[AtomMadStew]

Preposterous.
Try it with a gold bar and a big mac I bet it would be the same.

Stew