tag:blogger.com,1999:blog-7982981413278241287.post4394107294845096462..comments2023-10-28T17:54:39.467-06:00Comments on The Golden Truth: More On Housing, Gold, Etc...Dave in Denverhttp://www.blogger.com/profile/03016238915167131989noreply@blogger.comBlogger33125tag:blogger.com,1999:blog-7982981413278241287.post-21814796289648555192012-07-28T05:04:25.305-06:002012-07-28T05:04:25.305-06:00This is certainly one of the most valuable posts. ...This is certainly one of the most valuable posts. Great tips from beginning till end. Lots of suggestions for me and for people. Superb work<br /><a href="http://www.coinadvisor.com" rel="nofollow">Collect Silver Coins</a>Manish Kumarhttps://www.blogger.com/profile/03794368420012447480noreply@blogger.comtag:blogger.com,1999:blog-7982981413278241287.post-46617605393958341532012-04-10T10:06:57.956-06:002012-04-10T10:06:57.956-06:00Avg. Folks Choosing Food, Health, or Fuel
Averag...Avg. Folks Choosing Food, Health, or Fuel <br /><br />Average Americans are having to choose between food or fuel. The productive value of a person in this position is zero to the corporate Fascist oligarchy. If you decided to leave the country where would you go? Islands of suitability are those countries that have the rule of law. This is a global crisis that will be very hard if not impossible to prepare for. What should younger people do to prepare for the future. This is a major structural problem for people looking for jobs with 1/2 Billion meaningful jobs vs 2.5 Billion labor participants.<br /><br />http://inpoints.blogspot.com/2012/04/avg-folks-choosing-food-health-or-fuel.htmlAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-7982981413278241287.post-52891144551447399242012-04-10T09:45:58.602-06:002012-04-10T09:45:58.602-06:00I think these guys know inflation is running above...I think these guys know inflation is running above official figures, so they are going to play the cpi game with bernanke and the fed. By that I mean if the regular puppet guests are going to get on MSM, pump the party line, and rationalize why the bond vigilantes aren't concerned with inflation (to prove your message is wrong and yet you know they are taking down new issuance to manage the yield curve as central banks balance sheets balloon, you have to take another tact.) Why marginalize your message. So you go along with their reasoning ie there's no inflation yet the debt is still there...and like you say who's going to buy it? The fed , of course...so what's stopping them? Each day they lose more and more credibility. No credibility..no trust...no faith. That dollar in your pocket is backed by what? Exactly. Its kind of like the gold manipulation story...everyone's tired of it...even though you know its managed. So why weaken your credibility? Over time there going to $%^& themselves...I just hope they run out of gas on the way home.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-7982981413278241287.post-86806964493537583342012-04-10T09:13:37.941-06:002012-04-10T09:13:37.941-06:00I have to be honest, Richard Duncan's analysis...I have to be honest, Richard Duncan's analysis is very remedial. He's semi-clueless.<br /><br />No inflation in this country? What planet does he pay bills on? The Fed isn't going to just buy back Treasuries. They are going to buy a boatload of mortgages. They have already floated the trial balloon figure of $750mm. And they are going to have to print and buy at least that much in Treasuries to accomodate the Government's spending deficit.<br /><br />Answer me this, Richard, given that the Fed bought 61% of all new Treasury issuance in 2011, how can the Treasury possibly issue all the new debt that's coming without either letting the the market take Treasury yields seriouly higher (see Italy and Spain) OR a lot more QE.<br /><br />What's the answer, Richard?Dave in Denverhttps://www.blogger.com/profile/03016238915167131989noreply@blogger.comtag:blogger.com,1999:blog-7982981413278241287.post-1870726178078994272012-04-10T08:55:35.926-06:002012-04-10T08:55:35.926-06:00Richard Duncan: QE3 Possible Later This Year
“Prob...Richard Duncan: QE3 Possible Later This Year<br />“Probably more paper money creation and more acquisition of Treasury Bonds…”<br />http://sgtreport.com/2012/04/richard-duncan-qe3-possible-later-this-year/<br /><br />Will they replace the household collateralized debt with new corporate entities as the anchor for embellished valuations to lend against (especially in light of the regulation light New b Jobs Act?)See Instagram valuation for comparable? Like the housing bubble that's a whole lot of something for nothing.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-7982981413278241287.post-40608815598411438882012-04-10T08:31:21.559-06:002012-04-10T08:31:21.559-06:00The resource countries better wake up...
Vulture...The resource countries better wake up...<br /><br /><br />Vulturecrats<br /><br />But then there are the vulture funds. They follow a quite different path. They are creatures of the law not of finance and there are not many. One of the biggest, most notorious and best connected is Elliot Associates of Manhattan. They have very close links with the Republican Party and to Mitt Romney in particular ( They are large donors to his campaign). Another is FG Capital management. These companies are financial companies all founded and largely owned by Wall Street lawyers. FG Capital Management was founded by a former Morgan Stanley consultant.<br /><br />Vulture funds buy the bonds others have given up on. They buy what is often referred to as ‘distressed debt’. That is debt that has been defaulted upon and is, for the ordinary bond manager, worthless. The vulture buys it and then sues the defaulting nation. It is a very specialized area of the law and of finance. As an IMF study from 2003 said of vulture funds,<br /><br /> “Investors in this market posses specialized knowledge of bankruptcy law and international litigation and are willing to hold out for many years before seeing any recovery”<br /><br />The study looked at Elliott Assciaites and others and found that those vulture funds trading in distressed sovereign debts who resorted to litigation to force repayment made profits of between 50-333% net of legal fees. Elliot Associates, for example, sued Peru.<br /><br />For example, Elliott Associates sued Peru in the Southern Distric Court of Manhattan by filing to seize money Peru had in the vaults of Chase Manhattan Bank. Chase was acting as agent for Peru when Peru was paying certain other debts. Elliott argued that if Peru had money to pay other creditors then it – and more importantly Chase – had a legal duty to treat Elliott and its claim equally. The suit held up payments and seemed to threaten Peru with financial paralysis. The threat worked. Peru paid. Elliott had bought the distressed debt for cents on the dollar and got the whole dollar plus interest. This is only one of several strategies used by Vulture funds.<br /><br />Now to my horrid thought.<br /><br />http://www.golemxiv.co.uk/2012/04/vulturecrats/Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-7982981413278241287.post-60318281184444337682012-04-10T07:26:59.930-06:002012-04-10T07:26:59.930-06:00Instagram – A Company Worth $1 Billion in Under 2 ...Instagram – A Company Worth $1 Billion in Under 2 Years of Life<br /><br />Facebook, the biggest social- networking service, is buying the Instagram mobile photo-sharing application for about $1 billion in cash and stock, using its biggest acquisition yet to lure users of mobile devices. Instagram, owned by San Francisco-based Burbn Inc., was valued at $500 million after raising about $60 million last week from investors including Sequoia Capital, said people with knowledge of the funding who asked not to be identified because the matter is private.<br />Instagram lets users take pictures with smartphones, retouch them with borders and filters, and then post the images on social networks. Founded in 2010, it has become the most popular free photo-sharing application on Apple Inc. (AAPL)’s App Store and boasts more than 30 million users.<br /><br />http://marketmontage.com/2012/04/10/instagram-a-company-worth-1-billion-in-under-2-years-of-life/<br /><br /><br />You ever wonder if these vc guys play that game the japanese are known for in escalating valuations of stock holdings between related companies.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-7982981413278241287.post-45952183137640747532012-04-10T07:15:55.034-06:002012-04-10T07:15:55.034-06:00Isn't this chart insane when you also consider...Isn't this chart insane when you also consider that producing assets like these have no value premium but a photo application for facebook garners a billion dollars when last week it's valuation was supposedly 500 million?<br /><br /><br />The price of Gold stocks versus the price of gold has not been lower and cheaper in the last 20 years.<br /><br />http://www.jsmineset.com/2012/04/09/jims-mailbox-904/Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-7982981413278241287.post-69540512611399807162012-04-10T07:09:35.037-06:002012-04-10T07:09:35.037-06:00the new depression
http://www.321gold.com/editori...the new depression<br /><br />http://www.321gold.com/editorials/russell/russell041012.htmlAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-7982981413278241287.post-70080902654139889192012-04-10T07:02:57.985-06:002012-04-10T07:02:57.985-06:00Romney "Surrounded by Neocons, Playing Around...Romney "Surrounded by Neocons, Playing Around with Matches" on Iran<br /><br />Romney added that he’d restore aircraft carriers to the eastern Mediterranean and Persian Gulf region. And he closed with this stark warning: “Either the ayatollahs will get the message, or they will learn some very painful lessons about the meaning of American resolve.”<br /><br />“The easy, quick fashion in which he disposes of the Iranian problem by indicating that in effect, he would be using force, is very troubling,” Brzezinski pere told the gang. “I don’t think a presidential candidate should be playing around with matches that way. This whole thing can become explosive, disturbing, and destructive.”<br /><br />Joe Scarborough noted that in recent times, the Republican Party has been split between realists like James Baker and Colin Powell, and the neo-conservatives who pushed for war in Iraq. “If you look at the people who are around Mitt Romney, he’s surrounded by neocons,” said Scarborough.<br /><br />As bad as Obama is on foreign policy, Romney is worse. I cannot and will not vote for either Romney or Obama. Many independents feel the same, and they will be the key to the election.<br /><br />http://globaleconomicanalysis.blogspot.com/2012/04/romney-surrounded-by-neocons-playing.htmlAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-7982981413278241287.post-91628843162887200882012-04-10T01:27:20.852-06:002012-04-10T01:27:20.852-06:00Good God though, the HUI/Gold ratio is approaching...Good God though, the HUI/Gold ratio is approaching levels not seen since late 2008/ early 2009. <br /><br />It's ridiculous that companies with imaginary and fantastical balance sheets and earnings such as the weaker US/Europe banks got bid up like crazy all this year, as well as tech/internet companies that make zero money all get bid up.<br /><br />But it seems that's just the curse of the resource sector in general. Though the gold and silver miners are the hardest hit, it's not like oil, copper, coal, or natural gas companies get rewarded for supplying the world with energy and materials.<br /><br />Nobody wants to buy a stock with steady increasing earnings with a balance sheet that isn't BS.Bradleyhttps://www.blogger.com/profile/17121486214478741932noreply@blogger.comtag:blogger.com,1999:blog-7982981413278241287.post-43270627429362061992012-04-10T01:07:50.461-06:002012-04-10T01:07:50.461-06:00That is what Jim Sinclair (and Tyler Durden)say an...That is what Jim Sinclair (and Tyler Durden)say anyway.<br /><br />'Look Out Below...'.<br /><br />The Other Dave in SFAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-7982981413278241287.post-89723345933369063012012-04-09T20:29:51.596-06:002012-04-09T20:29:51.596-06:00They should be swapping those depreciating dollars...They should be swapping those depreciating dollars for food! F*** gold (and silver) and oil!<br /><br />Still Stackin'<br /><br />The Other Dave in SFAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-7982981413278241287.post-48173923833782292752012-04-09T19:04:07.925-06:002012-04-09T19:04:07.925-06:00My thinking is that a full-scale European debt cri...My thinking is that a full-scale European debt crisis may create huge demand for US Treasuries, which may help finance the US deficit, if only temporarily.Dickus_Minimushttps://www.blogger.com/profile/10121551748134292955noreply@blogger.comtag:blogger.com,1999:blog-7982981413278241287.post-11079068387864287032012-04-09T18:58:51.839-06:002012-04-09T18:58:51.839-06:00Why Obama's JOBS Act Couldn't Suck Worse
...Why Obama's JOBS Act Couldn't Suck Worse<br /><br />Boy, do I feel like an idiot. I've been out there on radio and TV in the last few months saying that I thought there was a chance Barack Obama was listening to the popular anger against Wall Street that drove the Occupy movement, that decisions like putting a for-real law enforcement guy like New York AG Eric Schneiderman in charge of a mortgage fraud task force meant he was at least willing to pay lip service to public outrage against the banks.<br /><br />Then the JOBS Act happened.<br /><br />The "Jumpstart Our Business Startups Act" (in addition to everything else, the Act has an annoying, redundant title) will very nearly legalize fraud in the stock market.<br /><br />In fact, one could say this law is not just a sweeping piece of deregulation that will have an increase in securities fraud as an accidental, ancillary consequence. No, this law actually appears to have been specifically written to encourage fraud in the stock markets.<br /><br />Read more: http://www.rollingstone.com/politics/blogs/taibblog/why-obamas-jobs-act-couldnt-suck-worse-20120409#ixzz1rarToTFS<br /><br />We're going back in time...<br /><br />The Prince of Penny Stocks<br /><br />Fortune; 1/19/1987; Katz, Donald R.<br /><br />EVEN AMONG DENVER'S free-L wheeling fraternity of penny stockbrokers, Meyer Blinder stands apart. The irrepressible founder of Blinder Robinson wears high-collared silk shirts open to the sternum, gold chains, a gold bracelet, and a diamond and gold pinky ring. Then there is his street-corner-tough Brooklyn accent, and a nose gnarled like a prizefighter's -- the result, he relates, of the time a customer slammed the door in his face during an earlier career selling vacuum cleaners door-to-door.<br /><br />Blinder's style may be a long way from Wall Street. But plenty of people want him as their broker. More than 1,700 stockbrokers work for Blinder in 58 offices spread across 35 states. His firm brings public more new issues each year than any Wall Street house, and Blinder, 65, has made a personal fortune he estimates at nearly $200 million by selling highly speculative stocks. Blinder says he underwrites only the brightest entrepreneurial dreamers and then sends his brokers out to sell pieces of the dream to investors willing to roll some dice. <br /><br />http://www.microcapmarkets.com/penny-stocks/prince-of-penny-stocks.htmlAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-7982981413278241287.post-16914912626046831972012-04-09T18:32:21.475-06:002012-04-09T18:32:21.475-06:00The Chinese have a long term plan. Unfortunately,...The Chinese have a long term plan. Unfortunately, we have no long term plan. Really a sad state of affairs but that is the way it is.Bill Osbornenoreply@blogger.comtag:blogger.com,1999:blog-7982981413278241287.post-47074963864118974242012-04-09T17:34:12.909-06:002012-04-09T17:34:12.909-06:00It makes sense for China to buy up gold mines sinc...It makes sense for China to buy up gold mines since once China owns the mines they get the metal at cost AND don't have to worry about delayed deliveries, any tungsten filled bars or the chance the gold would be loaned out if kept by a middle man (COMEX, London, etc.)<br />I think they are also using their US Dollar hoard to buy up oil fields in Africa or become partners in oil companies overseas.<br />Swapping depreciating dollars for gold and oil, not a bad idea....Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-7982981413278241287.post-75260574077867270852012-04-09T16:10:05.166-06:002012-04-09T16:10:05.166-06:00LOLLOLDave in Denverhttps://www.blogger.com/profile/03016238915167131989noreply@blogger.comtag:blogger.com,1999:blog-7982981413278241287.post-68566428939985440222012-04-09T16:09:46.390-06:002012-04-09T16:09:46.390-06:00Thx for the feedback - I appreciate itThx for the feedback - I appreciate itDave in Denverhttps://www.blogger.com/profile/03016238915167131989noreply@blogger.comtag:blogger.com,1999:blog-7982981413278241287.post-8878413634058322852012-04-09T16:09:29.958-06:002012-04-09T16:09:29.958-06:00Ya rents are a lot higher in Denver now too. That...Ya rents are a lot higher in Denver now too. That will change, as we know most of the housing starts have been multi-family and a lot of homes will coming into the market as rentals.Dave in Denverhttps://www.blogger.com/profile/03016238915167131989noreply@blogger.comtag:blogger.com,1999:blog-7982981413278241287.post-12420595342253189642012-04-09T16:05:06.744-06:002012-04-09T16:05:06.744-06:00As a landlord in Chicago, the rents this year comp...As a landlord in Chicago, the rents this year compared to last are at least 25% higher. I've had more showing in one week than I used to have in a month. My personal theory is that many of the prospects were likely once part of the first time condo buyer crowd. Now they're part of the "I need a couple of roommates to split the cost with or move back home" crowd. The most annoying thing though is the suburban girls who have been so pampered and shielded for the last 20+ years they don't understand the costs and space constants of living in the city.Marcus Argentumhttps://www.blogger.com/profile/05917081833998805102noreply@blogger.comtag:blogger.com,1999:blog-7982981413278241287.post-9698455004470979862012-04-09T15:37:34.718-06:002012-04-09T15:37:34.718-06:00Does your posting my comments mean I have passed t...Does your posting my comments mean I have passed the Turing Test?<br />'Dave in Denver' says The Other Dave in SF is a real person!<br />I have never felt so honor-ed.<br /><br />The Other Dave in SFAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-7982981413278241287.post-14937886036200985862012-04-09T15:07:32.522-06:002012-04-09T15:07:32.522-06:00Just want to say thank you for all the hard work y...Just want to say thank you for all the hard work you've put into this blog... been reading it regularly for a year now.<br />~ Andrew in SeattleAndrewhttps://www.blogger.com/profile/08591865426698802210noreply@blogger.comtag:blogger.com,1999:blog-7982981413278241287.post-34569970581283695922012-04-09T14:00:38.794-06:002012-04-09T14:00:38.794-06:00California is a diffenent country.
I'm thinkin...California is a diffenent country.<br />I'm thinking about buying former cattle grazing 3 miles down the road from an old gold mine in Lake Co. CA. I heard where an old guy died on Morgan Valley Road recently. I'm wondering if the family will want to get rid of the house (in the middle of f***ing no-where).<br />But thanks for the idea. I've never been to tha Carribean before. Time for a nice, long vacation there. I want to be your friend's neighbor! All I have to do is figure how to get the metal thru customs. I don't want to make a TSA agent's day! I sent the Silver to my Lake Co. storage site yesterday. 200 lbs stuffed into two full (and very heavy) suitcases. And I didn't even send any of the gold, The gold stays with me.<br /> Thank you. I read your blog everyday. <br />The Other Dave in SFAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-7982981413278241287.post-18356838285919100092012-04-09T13:33:14.883-06:002012-04-09T13:33:14.883-06:00For the record, he's getting ready to leave th...For the record, he's getting ready to leave this country for permanent residence in the Carribean. He already has the land bought.Dave in Denverhttps://www.blogger.com/profile/03016238915167131989noreply@blogger.com