Saturday, November 28, 2009

what is worse than stock market crash? shopping with children!

oh, my dear! i just wanted to look what types of 13" notebooks are currently in the shop shelves and as we were with wife + children out for lunch in a nearby bavarian restaurant, my daughters came with me ...

well, we got 2 dvd games, 1 camera, 1 flight to new york (sony promotion gift), 5 years extra guarantee on some stupid thing, camera storage chip, car wash, ... of course i've got NO NOTEBOOK and much worse, both children 'need' (new) notebooks as well ... hell, they just want to, isn't it? ... at least there is still s.th. useful as a potential xmas gift left ...

thx goodness, my wife was not with us because she went to the city center ('down town'?) instead ... i tell you, 2 small sweet devils are more then enough for a chap like me ... well, let's hope my wife didn't spent a fortune as well

i just wanna the yesterday's financial markets CRASH (stocks, gold+silver intraday, commodities, €uro, ...) INSTEAD of all these crazy wife + children expenses ... why? it just cost a one-time-tuition-fee of 1,010.93 EUR and nothing more!!!

is there still any hope for me out there? or at least one really hot place in hell otherwise? LOL

Wednesday, November 18, 2009

why + when + how 2 buy GOLD + SILVER?

my original blogpost was 1st posted on informedtrades.com

paper, gold, silver, ... money?

why + when 2 buy gold?
[quote]: Originally Posted by forexer
But the very fact they don't know how high gold is right now means they don't care and don't want to care.
This is a sad case for them and i don't care either Jaro, will it be wise to invest in gold say 2 ounces of gold at the current price? I think most people wouldn't buy gold now because there is a HIGH chance price will correct. I'm sure influenced by your blogs and i now want to get into that yellow metal. I know gold won't drop too much because it can't. It's one of the safest things to place my cash into. Do you advise me to wait for a better price to buy or what?
Forexer [/quote]
hi forexer,
1st of all, thx for your confidence in my ideas and of course you have 2 decide concerning your own feelings/considerations, but let's philosophize a little bit how could the best possible solution looks like :-)

there are many reasons why 2 invest in gold/silver, so you have to decide what is the most important for you
1) as protection for your existing wealth?i would suggest 2 start immediately with at least 50% of intended funds and prolly even with 100% of these funds. of course, it is a little bit late as the price is at all-time-high now, but who cares? if you want to make sure you don't like to risk losing your money on hyperinflation, so it still is ok. btw, i think the gold price will not fall below $1,000 in our lifetimes for longer than a week (if at all) and we will begin the year 2010 with a gold price above $1,300. of course, i could be wrong, but if you OWN + HAVE your kruger rand and/or american buffalo (my 2 favorites) and reverse them from one side to the other, u will not be less happy if the paper gold price falls 20 bucks on a 'red ink' day, will u?
2) as alternative 2 keeping monthly surpluses/savings in cash?the easiest solution - just buy some gold/silver at the end of each month, no matter what the current price is, so you will buy more stuff if the price is low and less when the stuff is expensive ...
3) in order 2 protect yourself against monetary reform and riots in the streets?
buy small silver coins you could exchange for food then (1 oz american eagle, 1 oz canadian maple leaf, ...). why? you will prolly have to survive more than 2 days and as far as i know farmers give no change on kruger rand in war times ...

4) in order 2 make money?
buy silver instead of gold

5) because you like gold?
also easy, just buy GOLD (not GLD!)
6) ???
etc.

i hope it will help u to take the best decision for your specific situation :-),
just my 2 golden cents,
j.

ps: as for me, i've decided 2 place two different bets:

a) in order 2 protect myself + my family against hyperinflation and to make sure we could buy some food if no farmer and no baker accepts paper money, i've accumulated (hopefully enough) 1oz silver coins before the end of the last year .... yeahhhh, my worst-case-scenario-investment is today at least +30% more worth than last year, not bad return on insurance/security policy in a year, isn't it?
b) in order 2 make money i've invested abt 75%-90% of all my available funds in gold + silver + commodity stocks, especially in junior explorer companies ...

pps: do not forget InformedGold

addendum november 18, 2009, few answers 2 questions concerning reason #4 (SILVER)

why silver instead of gold?
i think silver will go much, much, much more up in price than gold. why? many reasons ...
  • mostly all gold ever mined is still there, mostly all silver ever mined is gone => above the ground is silver much more rare than gold
  • the historical gold-silver-ratio is approx 16 : 1, which IMO corresponds also to the geological ratio of these 2 metals in earth. the current ratio is above 60 : 1, those of you who are mathematically skilled (or own a calculator) could easily divide 1,148.05 by 18.82. if silver becomes a monetary metal again we will see the historical ratios again, i think. btw, i've written abt that recently in one of tek's or simit's threads, maybe will s.o. find the link to that posting ...
  • the industrial silver consumption is going to increase (batteries, RFID chips, electricity (esp. solar energy), medicine, ...). what about gold? it just lays useless in bank safes or makes pretty women even prettier ... there was also a posting abt that in some other IT discussion ...
  • if the economy continues to slow down there will be less silver on the market as the most silver mined comes IMO as a by-product from zinc, led, copper mines
  • silver is soooo obscene cheap!
how 2 trade silver?
there are plenty of ways ... ETFs, options, futures, CFDs (my choice), warrants, physical/bullion, stocks, ... just choose one which fits 2 your account size and of course 2 your risk tolerance:o). pls do not forget that silver is volatile like hell, last year there were days where silver fell 20% in few minutes, so you shouldn't be over-leveraged in that case! you will find every dirty word i knew in my blog posts about these days and these markets here @ jaro gruber ;-)
btw, i have mostly bad experiences with trading silver (because of its volatility), the last 3 times i tried it i've lost 2-3% per CFD contract (leverage 100:1) as you can read here, than i told very nasty names to myself (stupid idiot was the nicest, i remember) and then i've decided 2 'trade' the IMO soooooo undervalued silver the jim-rogers-way i.e. first i've capitalized my account accordingly 2 survive even a major decline, bought a contract, placed NO STOPS AT ALL and computed that if silver will go up to the level of 17,70 i will make up my 3 former losses, i was so damned right on the market this time, so with the current quote at $18.82 i'm prolly with 10% in the green ink zone (you still have your calculator ready 2 work?)
last but not least, i've sold all my silver ETFs last year (oktober, november?) at a 20% loss and BOUGHT PHYSICAL SILVER + gold/silver stocks instead. why? as far as i know there is just one (!!!) ETF in the whole freaking world where you have the legal right 2 get your silver (run + stored by the ZKB bank in switzerland), in all others you just have some cash settlement + paper legal rights, so you can look for a good lawyer if the ETF is closed / bankrupt / robbed_by_some_new_stimulus_terror_law or the like. well, there is a big difference between OWNING + HAVING the gold/silver on the one side and having just a legal right for s.th. on the other side ...
of course y should also consider companies like goldmoney.com, bullionvault.com, egold.com ...
folks, i don't know how do you feel abt gold/silver bars as they are not really sexy in my opinion, but there are soooo many beautiful gold/silver coins of any size + price out there (you still remember the '100 kg gold coin & me' picture, don't you?). i love to watch them from time to time (like disney's dagobert duck likes to swim in his gold coins swimming-pool) and then i do reverse, watch, pet, compare and of course, weight them (lol)... my favorite is the mexican libertad (beautiful!), but the eagles, maple leafs, britannicas, austria's philharmonicers, australia's lunar series, somalia's wild life, chinese pandas ... and of course my silver companies' stuff (1st majestic silver, nevada pacific gold, scorpio mining, ...) is also pretty like hell :-)
addendum, november 20, 2009, well, if we already know why + when we should consider buying precious metals, let's think abt the 'HOW 2 BUY GOLD' (see original comment):
hi forexer, hi folks,
there was a lot of discussion abt spot vs. ETFs vs. gold vs. futures ...
as far as i understand the gold/silver market, there is no possibility 2 invest in the 'spot' or the like ... it is just the price @ wich some accredited buyers (bullion banks? etc.) are able 2 buy (physical) gold ...
of course there are many derivates (~ finanancial products ~ paper 'assets') which are oriented/based on the spot price:
  • the products/assets offered by fx brokers as mentioned by tek. their relation to the spot price? (1 : 1)
  • CFDs (1 : 1)
  • warrants i.e. calls & puts (1 : x)
  • certificates, the most modern 'invention' (1 : anything)
of course, there are also futures + ETFs + coin dealers + goldmoney.com + informedgold + ??? with slightly different (= higher!) prices. there is also the so called london price fixing (once a day?) where accredited dealers fix the physical gold price in some kind of an auction ...
basically, you just have 2 decide if you want:
I) GOLD
II) a promise of some counter party 2 pay you
the specified amout of money (according 2 gold price development and chosen product) at a moment when you want to sell your 'paper gold' and your counterparty still exists (btw, say hello 2 lehman brothers if you will meet them somewhere on the road!)
if you would prefer II), then you have 2 decide if you want to a paper gold product:
IIa) with leverage (CFDs, futures, margin accounts @fx brokers, warrants, certificates, ...)
IIb) without leverage (certificates, ETFs, ...)
i hope that helps a little bit 2 choose the best shot on gold in your specific situation :-)
addendum, december 1st, 2009
folks, i'm not sure if i should tell you .... well, it seems to be a contra-indicator at least in the short term ...
well, my 60+ years old mum is going 2 buy investment gold tomorrow for the very 1st time ... she has never owned a stock in her life, she never did a different investment than a fixed interest rate account at her local bank office around the corner …. and 2day is she worried abt her savings and wants to move a part of that in gold :-)
hell, do you think it could be that strange taxi driver / shoe cleaner / hair cutter / my mum / etc. CONTRA-INDICATOR?
let's hope that her investment of last resort will be ok ... btw, i do not think gold will fell below $1,000 again, so what? better 2 start now than not at all, what's your opinion?
addendum, december 4, 2009
physical SILVER? just added a link 2 one trustworthy precious metals coin dealer ~ munich based pro aurum's online shop, so we can find gold+silver bullion prices easily here :-)
hi folks, these silver snowball guys are much too expensive ... in germany, we pay a premium between 25%-50% on 1oz silver coins (minting, transport, profit margins,...) depending on availability of that coins + depending on the worries concerning the paper money system (in october 2008 was the premium for very short time even higher than 50%)...
i've paid 4 weeks ago at the precious metals fair €15 ($22.5) per coin and even 2day there are much cheaper coin dealers with prices below $30 out there like e.g. the munich based proaurum with the cheapest silver coin (the austrian 'philharmoniker') selling for 15,52 EUR = 23.26 USD right now :-)
ps: nicht verf. (@ proaurum website) means not available :-(
pps: i would walk into their shop directly, so i wouldn't have 2 pay any shipping costs and on top there is also not these ugly name-address-bank_account_number-issue, you know?
j. (my orig. comment)
addendum, dec 11, 2009: my visit @bullion dealer
folks, my favorite bullion dealer pro aurum moved 2 a new location recently, got an own + in addition also a much, much bigger building, new customer vaults, some kind of small+cheap (but of course interesting) gold+money museum, two pretty assistants at the front desk and much more, but there are still the old well known guys at the dealing desks and there is still that shiny gold + SILVER + platinum + palladium inside ...
yes, there is a lot of physical gold/silver stuff on the market and the people are not buying much ... the shop guys told me that homo habilis aka homo sapiens financialis likes to buy in panic, so the shop is usually hopeless full after the prices advanced for a while.
ok, they didn't had all kind of silver coins (e.g. the chinese pandas were sold out), but they had the regular investror's coins like the austrian philharmony ('philharmoniker') or american eagles ... i've bought few philharmonikers at €14.71 incl. 7% VAT (~approx. 21USD) before today's 1.6% downride ... i've just compared the last price yet: €14.50 ==> by dealing without leverage is even a red-ink-day not really bad, it just gives us the huuuuuge opportunity 2 buy physical stuff cheaper! anyway, it is still a little bit cheaper than €15 i've paid in november at the precious metals fair for the (much nicer) austrALian lunar series coins ... and on the other hand significantly more expensive than €11.44 i've paid @ precious metals fair 1 year ago for the mexican libertads and austrian philharmonikers
i've asked also for 10oz silver bars (~19% VAT) and/or for 10oz silver coins (~7% VAT), but for some strange reason they have been more expensive than 10 single 1oz coins, so i've bought more small coins instead... btw, even the 1kg coins/bars are more expensive than the corresponding amount of 1oz coins (~crazy, isn't it?), prolly because of their mass production nature and lower tax rate ...
well, i've bought also a souvenir/talisman for myself: 1g gold bar ... i'm sure you wouldn't call it 'bar' if you would see that tiny piece of yellow metal lost inside the plastic-certificate-case, only pls do not ask abt the premium/spread i've paid according 2 the current gold future quote ... you know, i liked it, it is really nice, it fits into my usual valet, it is not so bulky as my 1oz NevadaPacificGold's silver coin which i've 'carried' with me for the last 2 or 3 years, so what?
hmmmm, as i see right now this new talisman didn't help too much 2day (i hope it will start working next week!) because all precious metals are USD-strength-driven down, down, down .... but look, the base metals + agriculture is up a lot => strange behaviour, isn't it?
well, let's go 2 gym and look at the final market quotes later ;O(

damn, these pigs are expensive like hell!

Sunday, November 15, 2009

nobody wants gold! even not for 50 bucks!

folks, i wouldn't believe that s.th. like that is possible! gold is above $1,100 and still nobody wants/needs/knows it?!? is homo sapiens actually soooo stupid?

Mark Dice tries to sell a one ounce pure cold coin for $50 but nobody has a clue how much gold is worth, and nobody wanted it.



what about the gold ever mined? here we go! watch on twitter or put your eyeglasses on and look here:

source: www.DollarDaze.org

folks, you know i'm not a chartist, but if it is true what i see in the picture, then there will not be much more new gold in the future, so (if the demand continues 2 grow) the price wil continue 2 skyrocket! ... let's hope it will be fun for the prepared folks out there :-)

gold + fun? ok, let's move to these nice cartoons :o).

addendum, december 8, 2009: let's laugh abt the 2nd mark dice video!

Tuesday, November 10, 2009

international gold bugs festival

folks, i've promised 2 tell you about the yearly highlight in the life of german goldbugs, the 2-days-long commodities + precious metals fair in munich. well, here we go:

it was sooooo great!

why? and what's there? gold, silver, coin dealers, about 60 junior explorer companies, commodity investment funds, banks, financial publishing houses, very untasty coffee + fast food catering services, presentations on gold + silver + money + inflation + monetary reform + state defaults, financial newsletter writers, commodity analysts, old faces you would never want to meet in a dark city street, conspiracy theorists, book authors, pretty hostesses, security folks, paranoid visitors, me.

well, for me it is always nice to see the faces behind my portfolio companies (there were abt 15 of them here this year!), talk to the CEOs or PR folks abt current + future developments, the markets, god & the universe (do not forget, the most of that companies are micro caps and so is the CEO often the only person willing to stay there 2 days long and talk 2 clueless public for no money at all :-)

of course, few ideas abt my mad moves there:
  • i've attended many interesting presentation like the one from ross beaty (the pan american silver guy), james turk (u still remember my former blog post?), thorsten polleit, u.s. silver CEO, prof. bocker, chris powell (GATA), robert rethfeld, ...
  • met many fellow paranoid gold bugs + austrian economists + folks i like & know for years + conspiracy theorists .... all of them not less paranoid than the 1st group!
  • bought few 1 oz silver coins (somalia's wildlife + 3 australian coins: kookaburra + tiger + ox)
  • got 2 silver coins for free (btw, both from my dream investments scorpio mining + 1st majestic silver), took (very) few promotion gifts for my children like pens, caps, candys, rocks containing gold mineralization, other gadgets, ...
  • and much more
u are right, i've also decided 2 buy few stocks with a sooooooo interesting story behind and did so already on monday. i'm a chap who takes a decision and sticks 2 his decision, you know?
  • great panther resources
  • osisko mining
  • guayana goldfields (see comment below)
  • magma energy
  • ...... folks, pls do not laugh too loud about me, but i've also increased my stake in my currently BIGGEST existing portfolio position AGAIN, no matter how well i know their story as there seems 2 be everything sooo fine: production + cash flow increasing steadily, no need 4 any additional financing, still low price ... if the stock becomes popular in some way or an other, the price will skyrocket as there are not many shares selling sooooo low at the market :-) ... it is again ...
  • ....... scorpio mining !!!
  • cuervo resources (iron ore in peru, 11.11.2009)
  • sandspring resources - (addendum 12/21/2009) -- gold explorer in guyana with already existing additional micro production of 5,000 oz alluvial gold a year -- last 'must have' company from that gold/silver conference purchased -- folks, it wasn't a stellar move 2day: this new company started trading abt 2 weeks ago at CAD 0.7 => moved to CAD 0.9 => fell back to CAD 0.8 => last quote? approx +30% at CAD 1.06 on friday => i have bought it right now before the canadian market opens in germany @ 11.4% ABOVE the latest canadian price :-(. why am i so stupid? i don't know, maybe i was a really ugly creature in my last life and that's why i have to carry this karma here and now. well, i do know the CEO a.drost for years and i do trust in his capability to start mining businesses again and again (he served as a director @ sabina gold & silver company for years + is still in the board of source resources). of course, i've just waited for the stock to commence trading and of course i especially opened a new account (@lynx brokers) where i could trade unpopular (~ i.e. low volume) canadian/australian mining stocks for low commissions at their home markets ..... but .... but i've recognized i don't have the minimal initial amount of €4,0000 to start trading/inveting yet .... and i even can't move the needed money from some other accounts soon (hey, should i close my approx €5,000 CFD account for that reason?) ... well, lynx is a futures broker as well (=> margin account), therefore there is this relatively high starting capital needed ... what to do in such a sad situation like that? my dear readers, i have bought an initial position @ 11.4% above the all-time-high + in addition with relatively high commission in germany (12€ @dab bank instead of €6 @lynx). hell, i'm in that stock now, so what? damn, now is my brains satisfied => do the folks out there call that stock-market-shopping-addict in general? hmmmmmm, could i call that my golden xmas present 4 myself instead? lol :-)
any other highlights? yeah! me, trying 2 steal a russian 13 kg gold bar the usual way:
me, don't giving up, trying 2 steal the sooooo shiny canadian 100 kg gold coin using all my unsound mental power (face value CAD 1 m, metal value above CAD 3 m):
pretty gold bugs hungry for gold:
what's next? trying 2 learn david copperfield's trick ... you know, the velvet cloth, putting it over the 100 kg coin, squalling hocus-pocus ... AND THE COIN IS MINE !!!
btw, do you still remember the last year's event?
addendum, december 12, 2009:
folks, the precious metals fair is not finished after it closes its doors, you know? for me, there is still a huuuuuge + enjoyable task to do: 2 read the 200 pages fat fair magazine/catalogue! well, i've finished it 2day ...
all that exhibitors presentations (approx 60 companies, few of them found a place on my stock-watchlist), all that articles of various experts and/or writers ... well, you can read it like a bible from the 1st page 2 the last one and you will find just one single mood inside! i'm going 2 sum it up 4 u in 2 sentences right now:
GOOD IS gold, silver, commodities, honest money, entrepreneurship, austrian economy school, freedom, markets, no inflation, wealth created through working + saving.
EVIL IS paper currency, corrupt governments, small dirty central banks, fiat money, state linked/controlled economy, keynes, bail outs + stimulus packages, debt, deficits, inflation, wealth 'created' through borrowing + spending.
damned hell, it is as easy as that! lol
addendum, december 22, 2009: a great day for abraham drost 2day!
  • sandspring resources +3.57%
  • sabina gold & silver -2.48% (anyway, intraday there was a new 52 weeks high established!)
  • source exploration +50.0% (~ 3times the usual volume, no company news, that's what i call 'performance' in junior mining sector!)
anyway, it was a weak day for me because gold + silver fell a lot 2day, so i'm happy that my portfolio didn't change a lot on balance. the only balance which has changed 2day was my body blood vs. hot wine punch balance, as me + my wife + a friend have been in the streets, indeed! folks, tomorrow is the last day of this year's hot wine punch season, because all these outdoor xmas markets close before xmas eve . any balance assuring ideas out there? lol
snowy greeetings from munich :-)

all-time-high in my portfolio again :)

yabbadabbadoooo!

my portfolio is back @ its all-time-high level again (btw, my stocks have needed 3 weeks to recover from the collapse in the last october days, their 'underlying' gold/silver recovered much sooner and broke out to new golden all-time-highs :-)

bye-bye, fraudulent fiat money system!
ps: i've bought 4 mining stocks and 1 geothermal company today (my ideas from the 2 days spent @ the munich's precious metals show/conference on friday + saturday). will make a new blog post soon. the highlight? me trying to steal the soooo shiny canadian 100 kg gold coin, but now i have to start to collect documents for my pretty tax advisor first and finish the stupid tax payments for 2008, otherwise i will have to keep posting from jail :-(
and i'm hungy too!

btw, i hate taxes!

addendum, november 19, 2009:

crazy financial markets or just crazy folks on the markets?

heya folks, you know, my portfolio was at all-time-high yesterday. well, that was yesterday :-( ...
today it was a little bit down through the day (approx. -1%), after market closed in germany i just wanted to see the results for the day ...... well, my 5 biggest positions performed like this:
  • scorpio mining -10,31%
  • novagold -10,43%
  • acadian mining -3,45%
  • u.s. gold -7,88%
  • orko silver -4,17%

i just thought: oh my dear, gold has fallen to zero and silver much below that! you know what? after a small intra-day loss both gold + silver have recovered and the current quotes are:

  • gold +0,15%
  • silver +0,03%

hell, how stupid is the homo sapiens financialis really? no, i'm not gonna 2 swear abt that this time ... i will better go take a bath and look later if the gold/silver stocks fell the same rate on the u.s. + canadian markets as well :-). did they?

btw, dear readers of my blog, i'm not going to bore you 6 times in 10 days with a message that my portfolio is a little bit higher again (it is a very natural thing in an uptrend :o), but i really wanted to tell you how unbelievable stupid we 'financial' folks as a group are ...

(source: www.eromism.com/img/homo_habilis_sapiens.jpg)

Sunday, November 8, 2009

james turk's great presentation abt gold, money, currencies, economy ...

addendum december 2012: outlook 2013 - 2015, enjoy :-)


James Turk's Outlook for Gold for 2013 to 2015

~~~

folks, what we see in stocks, gold, commodities, ... is IMO the fear about USD out there. the folks (americans & foreigners) are trying (at the same time!) to escape from their paper USD assets and to buy some hard assets at any price!
no matter how expensive gold and other commodities are, let's change the dollars into real value (e.g. india's central bank purchased 200 tonnes gold at record price from IMF last week, the second half of IMFs fire sale will prolly go to china soon ...)
no matter how disastrous the current economic data is (record unemployment data, record P/E ratios because of soooooo sad earnings outlook, ...), the folks are buying stocks because a stock represents a piece of company/business and is not only a worth-less promise of u.s. government like a dollar note is (bye-bye fiat currencies!)

=> WE ARE IN THE EARLY PHASE OF AN INFLATIONARY HARD ASSETS RALLY !!!
btw, i do not think the €uro is much better than the USD and IMO it would collapse just few seconds later, because the ECB is not so committed to fight against inflation as the good old german bundesbank was (... do not forget, we germans had twice hyperinflation in the last 100 years, so the bundesbank still remembers the impacts of hyperinflation in some way)

james turk in munich!
james turk, source: http://goldmoney.com/

well, james turk told yesterday in his great presentation at the munich's precious metals fair (presentation should be available at www.goldmoney.com in approx. 2 weeks in english + german), that the tipping point for the USD is just weeks/months ahead (before summer 2010?) and -if nothing changes- usa is heading to inflation / hyperinflation of deposit accounts like argentina was few years ago! pls do not ask me what deposit-accounts-inflation concrete is as i have no clue abt that, i just would tell you that we can be lucky because we don't have to carry waggons of paper money :o). what a cold comfort, isn't it? the folks in germany in 1920ies or in zimbabwe 2 years ago in their paper-money inflation had 2 carry a lot of paper 2 get anything real ... btw, as far as i know there is no zimbabwean currency at the moment and they use foreign currencies like usd, €uro, rand instead.

folks, i do not wanna destroy your believes abt gold, james turk and the universe, but do u know what such an internationally well known gold bug as james really told? hmmm, should i squeal that? hmmmm. ok, here we go: ... "gold is a lousy investment" ... from his point of view does gold 'just' keep its buying power, it is not an investment vehicle itself. well, james considers gold as money + he recommends strongly to keep our savings in gold/silver (and add to it every month on dollar-averaging-base no matter how high/low the current gold price is) instead of keeping savings in any fiat currency! at least for the last 10 years he is right, just look at the most emphasized chart from his presentation about the yearly change of gold price in major currencies (pls do not overlook the highlighted double digit gains in each paper currency on average!):

GOLD against major currencies, 10 years chart
(source: james turk / goldmoney.com / november 2009)

btw, what about the gold/silver backed amero, am€uro, global, golddollar, gulfdinar, goldyuan, goldrubel soon?

of course, do not forget 2 read my big picture outlook for stocks, bonds, gold, commodities here :)


addendum, dec 13, 2009 ~ precious metals calculator :-)

ohhhhhh, what a useful + funny thing at james' website! did u asked already yourself s.th. like 'hell, how much gold and/or SILVER can i buy with the lousy 50 €uros which my wife didn't find in my pockets yesterday?' of course u did, didn't u? well, there is a big, big, big help 4 folks like you and me on the goldmoney.com website! the online paper-metal-translating-machine ....

ps: sorry forexer, the singapore currency (dollar?) isn't covered yet, but u could ask 4 enhancement, i think :o)

pps: what's the answer 2 my question 2day?
With €50.00 you can buy 1.985 goldgrams at a buy rate of €25.1874/gg (including our fee). We apply a 2.74% fee on top of the Gold spot price of €24.5156/gg.


addendum, june 4, 2011:
folks, it's weekend, u know?

well, finally i have some time to bother my mouse in order to click wildly from webpage 2 webpage, from story 2 story, from interview 2 interview ... great!

king world news seems to be my No. 1 today, wanna listen 9 minutes to james turk's audio explanation of recent gold/silver price correction and his outlook for the gold/silver markets? here we go:

James Turk

Friday, November 6, 2009

do central banks know where will the gold price go?

folks, there is a lot of discussion about the selling of 200 metric tonnes of IMF's gold to india's central bank this week and what does it mean for the gold market ...

well, i personally would NOT OVERVALUE the fact that a central bank sells/buys gold. why? they are soooo often WRONG on timing!

a) just think about the selling by the swiss central bank (and other european central banks) in the last 2 years ... ALL OF THEM WERE WRONG, as we know the gold price continued to climb up

b) let's laugh together about the BoE and its gold selling orgy in 2001 (?) triggered by gordon brown (that time secretary of finance in UK) => he or more precisely the UK citizens got the LOWEST POSSIBLE price for centuries ... it WAS the market bottom ... lol ... gordon brown's gold dip ...lol... ok folks, do not laugh too loud about gordon, maybe was his 'smart move' somehow motivated ... we do not know to whom he was obliged at that time and who's favor was that historical purchase at the soooo obvious bottom price ...

c) central banks do not sell their gold on me or my neighbor , so in the most cases when one central bank sells gold, so is an another central bank buying gold (e.g. IMF 2 india), just the corrupt mainstream media emphasize the selling side of the coin, of course, crazy gold bugs like me see just the other side ~ central banks are buying gold (india, russia, kazakchstan, petro-arabia, venezuela, sri lanka, china, ...)

d) the selling/buying of central banks is IMO triggered much more politicaly than triggered by some market fundamentals ...

=> do not waste too much time on central banks and their gold selling/buying motivation ... watch physical demand/supply instead ... the mine production is decreasing since few years (peak gold!), the demand is rising esp. the investing folks' demand through ETFs, coins, small bars ... and on top the central banks all over the world print sooooooo much new paper money that we will finally loose the last grain of confidence in it soon...
...
good-bye, you damned fraudulent fiat money system! welcome, next monetary reform on planet earth :-)

just my 2 golden cents :-)

btw, wherever the gold will go, GATA's newsletter will tell us first ...
(source: http://gata.org)

Wednesday, November 4, 2009

gold? new ALL-TIME-HIGH $1,088

Leute, jetzt ist die temp. Kurskorrektur (die letzten Tage) definitiv beendet ist, nicht wahr?

nächste neue All-Time -HÖCHSTE: $ 1077 und $ 1081 und $ 1088

gehen, Gold Bugs, go!

ps: Ich bin prolly irgendwie euphorisch jetzt, so pls Sie überschätzen meine derzeitige Haltung bullish, auch ich (irgendwie) wissen, Gold ist nicht ein Baum, der wachsen in den Himmel und wäre natürlich hat der Goldpreis einige Beschränkungen im Hinblick auf zukünftiges Wachstum, aber es ist soooooo nice nach rechts auf den Märkten werden + Geld für genau platzierten Wetten durch meine eigene Ansicht zu machen gesichert / Ermittlung ...

pps: Good-bye korrupte Regierungen, good-bye kleinen schmutzigen Zentralbanken, leb wohl du verdammter betrügerische fiat money-System!

Monday, November 2, 2009

doubled my initial position in monument mining (MMY) 2day

folks, i've (more than) doubled my initial micro position in monument mining 2day. thx 2 mr. market's crazy shakes last week and thx 2 the panic out there i could buy it even cheaper than the 1st tranche...

i can't imagine why do the ppl sell gold/silver mines 20% below their price 1 week ago 'cos IMHO the gold mines have been as profitable when 1 oz gold sold at $1,060 as they are today at the same gold price, no matter if the price was the last 2 or 3 days a little bit lower, isn't? well, it doesn't matter for me, but would you call the markets rational?

well, the monument mining (MMY) stock is +9.68% today, the crazy german folks sold it through the whole day 5-10% below its canadian price, so i'm not gonna 2 complain about the homo sapiens (read comment #2) today :=)

the dear readers of my blog prolly remember cardero resources. why? it's just the next example for german craziness: cardero is -3.93% in germany and +6.45% in canada 2day. any conclusions? yep, here we go:

REMEMBER: buy unpopular & unsexy stocks in germany and sell them (watch out, that's the clou!) in germany if they become modern and everyone's + her neighbor's darling again :o))

ps: monument mining (MMY) will attend munich's precious metals fair next friday & saturday => let's talk 2 company management abt all coming up projects/developments there ...

pps: where come the fresh investment money from? hmmmmmm, it's a secret in general but in particular i can only tweet you it's my next year's pocket-money my wife gives me once a month and she doesn't perceived i've stolen it from our bank account this year! ... btw, it is ONLY €160 (an unheard of brassiness, you agree?) ... "and do not waste them on your stupid stocks again, you damned money-wasting gorilla moron, you! i hate you!" ... oh, my dear, what did i do in my former life i got such a sorrowful karma this time? LOL


addendum november 4, 2009 => monument monumental!
folks, that investment stuff is sooooo easy!


these kind monument mining guys have waited till i could buy my full line on that stock with my 2nd tranche a day or two ago and today is the stock +36.67% why? who cares? ... just kidding ...

well, they've announced today they've produced their first gold in malaysia, which they said they will start to produce in october in their former investors' message on September 16, 2009 ... prolly have the homo sapiens financialis out there forgot about that and sold that stock soooooo cheap for soooo long, unbelievable ... [btw, i've got that stock @ approx CAD0.3, the current price is CAD0.41 and the all-time-high was CAD1.2 => there is still a lot off upside potential there, isn't it? and on top they do generate cash-flow from their gold production now! i still can't understand why nobody liked that company ...]

ps: next explorer out of my portfolio moved to the (a little bit boring) producer division :-(

pps: freiheit, i hope your investment switched into green ink area today as well + thX 4 your $$ information above again