Haystack Q4 2012

English language haystack
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Indiana Jones
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Re: Haystack Q4 2012

Post by Indiana Jones »

Have a good weekend too.

Thank you for the information and your insights !

grtz. Indy
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But since no one was listening, everything must be said again.
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Spruitje
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Re: Haystack Q4 2012

Post by Spruitje »

Marc Faber vs Jim Rogers on CNBC (oct 4th,2012)

About:
=> Stocks, China, Commodities, QE and US elections

(Full version)
Study while others are sleeping; work while others are loafing; prepare while others are playing; and dream while others are wishing.
- William Arthur Ward -
bailouts4ever
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Re: Haystack Q4 2012

Post by bailouts4ever »

That is how the window is closing. Germany to introduce 19% VAT (until today 7%) on silver bullion coins:

http://www.welt.de/finanzen/article1099 ... tmc=plista

Wait until the Eye of Sauron falls on XAU...
0.00 € is what your account statement will show on a long enough timeline.
Adamus
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Re: Haystack Q4 2012

Post by Adamus »

bailouts4ever wrote:That is how the window is closing. Germany to introduce 19% VAT (until today 7%) on silver bullion coins:

http://www.welt.de/finanzen/article1099 ... tmc=plista

Wait until the Eye of Sauron falls on XAU...
Germans are allowed to store in der Schweiz/goldmoney, Dutch cannot. Silver is not gold.
bailouts4ever
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Re: Haystack Q4 2012

Post by bailouts4ever »

Germans are allowed to store in der Schweiz/goldmoney, Dutch cannot.
May sound stupid there but, what? What keeps a Dutch from storing abroad? Is that a legal issue I am not aware of?

Wise me up please.
0.00 € is what your account statement will show on a long enough timeline.
Adamus
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Re: Haystack Q4 2012

Post by Adamus »

bailouts4ever wrote:
Germans are allowed to store in der Schweiz/goldmoney, Dutch cannot.
May sound stupid there but, what? What keeps a Dutch from storing abroad? Is that a legal issue I am not aware of?

Wise me up please.
Illegal. AFM the financial authority: no goldmoney, the risk is too high.
bailouts4ever
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Re: Haystack Q4 2012

Post by bailouts4ever »

And yes, it's weekend again. And so here's another interesting weekend read:

Deutsche Bank's Long Therm Asset return study with the title:
"A Journey into the Unknown"
READ IT at:
http://www.johnbudden.com/wp-content/up ... study2.pdf

The study goes back several centuries (no joke) in the analysis of government accounts, bank balance sheets, interest rates, stock and bond prices. For e.g. the Holland data goes back 495 years.

Based on this really long term data on return the study concludes interesting facts such as:

1. "In Holland (our longest time series), 10 year yields hit their lowest level in 495 years worth of history back in June this year and are only around 20bps higher now."

2. "The most important global benchmark - 10 year US Treasuries - also hit its all time low
(1.39%) in July, with data going back all the way to 1790."


3. "With yields so low and money printing so historically high, it is fascinating and unique to find
ourselves in a period where persistent deficits are the norm and have been now for over four
decades."


4. "...what is clear is that since the Global Financial Crisis first hit in 2007, the developed world has
overall seen no growth and no deleveraging. Virtually every country now has more debt than
they did in 2007"


5. "So after 41 years of global fiat currencies and an unparalleled amount of debt that is proving very difficult to shift, we really are venturing into the unknown."

6. "How will this all end?
...we are entering unknown territory in a number of economic and financial indicators, even if we extend the analysis back through hundreds of years. Perhaps our quickest path to renewed and sustained prosperity would be to restructure Trillions of Dollars of Global debt artificially accumulated in the 1971-2007 period, especially in the latter years. This way we could ensure a quicker return to a more efficient allocation of scarce economic resources. In a free market (capitalism in fact), we would have already seen such an outcome but the authorities have now spent 5 years ensuring this hasn’t happened.
The reality is that the short-term pain of such an outcome would not be tolerable to politicians
and most modern day central bankers.


Therefore the most likely scenario is that money printing is here to stay across the globe until it eventually works and restores stability or it creates its own problems further down the line. There is a precedent for individual countries expanding their central bank balance sheets this high before but not for so many countries acting simultaneously in such a manner. Eventually we think inflation will win out as wehaven’t seen a year of global deflation (using our median YoY measure compiled from 24
countries) since 1933. The twentieth century has been all about loosening ties with Gold,
thus allowing for varying degrees of money creation and the dramatically reduced risk of
deflation.
"

"Defaults, deflation and hyperinflation are still all possible in many parts of the world."

"The best strategy for this decade remains an accumulation of core, higher quality, real assets on dips."

Any questions left?
0.00 € is what your account statement will show on a long enough timeline.
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Indiana Jones
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Re: Haystack Q4 2012

Post by Indiana Jones »

International Monetary Fund, working paper WP/12/202, Augustus 2012
http://www.imf.org/external/pubs/ft/wp/2012/wp12202.pdf

-Is this the end of fractional banking, the elimination of Goldman Sachs; JP Morgan; Citybank c.s. power and the return of political power over money supply in Nation States ?

-Is this the epilog to Bretton Woods 2.0 ?

-Is this report strangling the intentions Mayer Amschel Rothschild had around 1700/1800 ?
Everything that needs to be said has already been said.
But since no one was listening, everything must be said again.
bailouts4ever
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Re: Haystack Q4 2012

Post by bailouts4ever »

Something really weird is happening in Germany today.

Within three days Germany's gold reserves moved into the mass media coverage.

Based on a second request by Germany's accounting court the inventory of the 3400 tons gold reserves will now finally be taken. The Bundesbank has given in (based on Jens Weidmann's recent statement one could speculate that they we were more than happy to do it) and will start counting the reserves. Up until now only 80 tons are stored within Germany, the rest of 3320 tons is stored in London, Paris and New York.

Thus, the BBK today announced taking parts of the reserves home, having them melted down for "quality checks" (!!! - Why that? Looking for Tungsten there?) in order to start a proper inventory.

It's all over the news now:
http://www.bild.de/geld/wirtschaft/bund ... .bild.html
http://www.faz.net/aktuell/wirtschaft/r ... 34615.html
http://www.welt.de/finanzen/article1101 ... holen.html
http://www.heute.de/ZDF/zdfportal/web/h ... schen.html
0.00 € is what your account statement will show on a long enough timeline.
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Rasta
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Re: Haystack Q4 2012

Post by Rasta »

bailouts4ever wrote:And yes, it's weekend again. And so here's another interesting weekend read:

Deutsche Bank's Long Therm Asset return study with the title:
"A Journey into the Unknown"
READ IT at:
http://www.johnbudden.com/wp-content/up ... study2.pdf

....

Any questions left?
Not sure if you got any response on it, but along with the IMF paper, I do get the feeling we are approaching the end game. The real issues, and rigorous solutions are now being put forward, and not any longer by an internet interest group / minority. It didn't reach main street media yet, but that is a matter of time. When Germany finally starts to repatriate their gold (only 50 tons per year? That sounds like they can only claim up to 200 tons out of 3000....) the discussion IS main street.
Eventually there will be an awakening, a balancing of the scales and a bill to be paid, and for that I hold gold - Jim Sinclair
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