I've given it some thought JB:
Bet you a $100 bottle of wine, (to be provided with receipt) gold will end lower at the end of 2010 than at the end of 2009.
End of 2009 price $1095.
Is it a deal?
Printable View
An interview with Timothy Geithner in today's Herald doesn't indicate any concern about US debt, or the dollar.
$175b in TARP payments to the Govt by the end of the year and when asked about the dollar said:
"When fear was most acute, people wanted to be in Treasuries and hold dollars. Even today, when you have moments of darkness, people want dollars."
Skol, that is a typically American-centred view from Geithner. Although perhaps I should quote other Americans like Jim Rogers who actually runs his own business and makes money while avoiding the US$. Unlike Geithner who is on the taxpayers payroll, and his business is printing US$.
You're a conspiracy theorist airedale.
Have a read of this and if you read between the lines Jim is certainly hedging his bets. "A couple of thousand dollars an ounce in the next decade." If you're lucky.
Buy RIO or BHP and you've got a much better chance of doubling your money.
http://www.commodityonline.com/news/...24330-3-1.html
One website crows that if you'd bought gold in 2000 you'd have gains of 300%.
If you'd bought BHP you'd be sitting on gains of 500% and that excludes dividends.
I looked up your note Skol,...and there it was..... a Professor of Economics. Roubini. Yes I have heard of him. But spare me the thoughts that just about every economist I have met has been looking at the walls of his room too much. They can't understand that oil is a Precious Finite Resource.They haven't made the stuff for about 75 million years.
Give me a Buffet or more particularly, a Rodgers. Or a learned Chinese.
Interesting
Gold's rush falls short on 30-year investment
http://www.nzherald.co.nz/business/n...ectid=10618282
PerthNOW,
I think they should have a column of the WHO is WHO of RIP OFF artists over there in Perth.
Lets start it off with Michael K. with many associated business associates.
Add Kate H to the list too, female version of the above and also a total scoundrel.
The list goes on, and I dont have the time to make such trashy posts like this :rolleyes: sorry~!