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Originally Posted by airedale
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
Last edited by Skol; 02-01-2010 at 08:12 PM.
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Originally Posted by airedale
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$. Unlike Geithner who is on the taxpayers payroll, and his business is printing US$.
It's hardly surprising that the Secretary of the US Treasury should take an optimistic view of the USD - it's probably built into his position description!
After all, the banking/economic system relies on confidence in such things.
Last edited by macduffy; 02-01-2010 at 08:20 PM.
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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.
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Originally Posted by Skol
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.
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Originally Posted by bermuda
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.
They haven't made gold for a long time either bermuda but no one seems that concerned that we're going to run out of it.
Oil's just another commodity, time to get used to it.
Give us all a clue bermuda, when will the precious finite resource run out?
Last edited by Skol; 03-01-2010 at 10:41 PM.
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Interesting
Gold's rush falls short on 30-year investment
http://www.nzherald.co.nz/business/n...ectid=10618282
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from- money mag
"With a good perspective on history, we can have a better understanding of the past and present, and thus a clear vision of the future." — Carlos Slim Helu
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Having got ourselves into a debt-induced economic crisis, the only permanent way out is to reduce the debt – either directly by abolishing large slabs of it, or indirectly by inflating it away.
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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 sorry~!
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