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  • November 27, 2009 at 2:15 PM #488277
    Hatfield
    Participant

    It’s not quite accurate to say that the mint has run out of gold. What they’ve run out of is this year’s allocation of gold for minting coins, which is a tiny fraction of US gold reserves. This exact same thing happened last year, and right around this time if I’m not mistaken. At that time I was buying gold coins and ended up buying gold Maple Leafs which were still readily available.

    November 27, 2009 at 2:53 PM #487433
    Coronita
    Participant

    [quote=Adebisi]The dollar index is right around 75 at the moment. Mark my words, it’s going to 60. That means gold will go to 1450 just on dollar devaluation alone. Add in the increased demand for gold and we’ll see $2K gold soon enough.

    And if China de-pegs? To the moon, baby![/quote]

    I’m calling bubble on precious metals. Time will tell though. I think what we’re seeing in Dubai is just a window into a global financial problem of extreme speculation. I have a feeling once these investments go sour, it’s going to spill into asia, and we’re going to see a lot a lot of interesting things in terms of the stability of emerging economies.. I would not be surprised that countries in asian heavily leveraged in investing in Dubai, and it will spill over.
    The the dollar isn’t going to look as bad as folks think it is, in the short term…

    I can’t fathom in the short/mid term that China could be a world reserve currency. You think things aren’t heavily leveraged there? Time will tell, though. And, yes oil is going down.

    China won’t de-peg until
    (1) It can find a replacement the consuming consumerism of americans
    (2) The world has accepted it as a reserve currency

    Depegging = going for the kill in terms of the the US versus China. The moment that happens, they don’t have this “cheap labor/cost” advantage no more. So plan B must already exist before that happens to sustain the growth.

    November 27, 2009 at 2:53 PM #487598
    Coronita
    Participant

    [quote=Adebisi]The dollar index is right around 75 at the moment. Mark my words, it’s going to 60. That means gold will go to 1450 just on dollar devaluation alone. Add in the increased demand for gold and we’ll see $2K gold soon enough.

    And if China de-pegs? To the moon, baby![/quote]

    I’m calling bubble on precious metals. Time will tell though. I think what we’re seeing in Dubai is just a window into a global financial problem of extreme speculation. I have a feeling once these investments go sour, it’s going to spill into asia, and we’re going to see a lot a lot of interesting things in terms of the stability of emerging economies.. I would not be surprised that countries in asian heavily leveraged in investing in Dubai, and it will spill over.
    The the dollar isn’t going to look as bad as folks think it is, in the short term…

    I can’t fathom in the short/mid term that China could be a world reserve currency. You think things aren’t heavily leveraged there? Time will tell, though. And, yes oil is going down.

    China won’t de-peg until
    (1) It can find a replacement the consuming consumerism of americans
    (2) The world has accepted it as a reserve currency

    Depegging = going for the kill in terms of the the US versus China. The moment that happens, they don’t have this “cheap labor/cost” advantage no more. So plan B must already exist before that happens to sustain the growth.

    November 27, 2009 at 2:53 PM #487980
    Coronita
    Participant

    [quote=Adebisi]The dollar index is right around 75 at the moment. Mark my words, it’s going to 60. That means gold will go to 1450 just on dollar devaluation alone. Add in the increased demand for gold and we’ll see $2K gold soon enough.

    And if China de-pegs? To the moon, baby![/quote]

    I’m calling bubble on precious metals. Time will tell though. I think what we’re seeing in Dubai is just a window into a global financial problem of extreme speculation. I have a feeling once these investments go sour, it’s going to spill into asia, and we’re going to see a lot a lot of interesting things in terms of the stability of emerging economies.. I would not be surprised that countries in asian heavily leveraged in investing in Dubai, and it will spill over.
    The the dollar isn’t going to look as bad as folks think it is, in the short term…

    I can’t fathom in the short/mid term that China could be a world reserve currency. You think things aren’t heavily leveraged there? Time will tell, though. And, yes oil is going down.

    China won’t de-peg until
    (1) It can find a replacement the consuming consumerism of americans
    (2) The world has accepted it as a reserve currency

    Depegging = going for the kill in terms of the the US versus China. The moment that happens, they don’t have this “cheap labor/cost” advantage no more. So plan B must already exist before that happens to sustain the growth.

    November 27, 2009 at 2:53 PM #488065
    Coronita
    Participant

    [quote=Adebisi]The dollar index is right around 75 at the moment. Mark my words, it’s going to 60. That means gold will go to 1450 just on dollar devaluation alone. Add in the increased demand for gold and we’ll see $2K gold soon enough.

    And if China de-pegs? To the moon, baby![/quote]

    I’m calling bubble on precious metals. Time will tell though. I think what we’re seeing in Dubai is just a window into a global financial problem of extreme speculation. I have a feeling once these investments go sour, it’s going to spill into asia, and we’re going to see a lot a lot of interesting things in terms of the stability of emerging economies.. I would not be surprised that countries in asian heavily leveraged in investing in Dubai, and it will spill over.
    The the dollar isn’t going to look as bad as folks think it is, in the short term…

    I can’t fathom in the short/mid term that China could be a world reserve currency. You think things aren’t heavily leveraged there? Time will tell, though. And, yes oil is going down.

    China won’t de-peg until
    (1) It can find a replacement the consuming consumerism of americans
    (2) The world has accepted it as a reserve currency

    Depegging = going for the kill in terms of the the US versus China. The moment that happens, they don’t have this “cheap labor/cost” advantage no more. So plan B must already exist before that happens to sustain the growth.

    November 27, 2009 at 2:53 PM #488297
    Coronita
    Participant

    [quote=Adebisi]The dollar index is right around 75 at the moment. Mark my words, it’s going to 60. That means gold will go to 1450 just on dollar devaluation alone. Add in the increased demand for gold and we’ll see $2K gold soon enough.

    And if China de-pegs? To the moon, baby![/quote]

    I’m calling bubble on precious metals. Time will tell though. I think what we’re seeing in Dubai is just a window into a global financial problem of extreme speculation. I have a feeling once these investments go sour, it’s going to spill into asia, and we’re going to see a lot a lot of interesting things in terms of the stability of emerging economies.. I would not be surprised that countries in asian heavily leveraged in investing in Dubai, and it will spill over.
    The the dollar isn’t going to look as bad as folks think it is, in the short term…

    I can’t fathom in the short/mid term that China could be a world reserve currency. You think things aren’t heavily leveraged there? Time will tell, though. And, yes oil is going down.

    China won’t de-peg until
    (1) It can find a replacement the consuming consumerism of americans
    (2) The world has accepted it as a reserve currency

    Depegging = going for the kill in terms of the the US versus China. The moment that happens, they don’t have this “cheap labor/cost” advantage no more. So plan B must already exist before that happens to sustain the growth.

    November 27, 2009 at 3:27 PM #487453
    Allan from Fallbrook
    Participant

    FLU: Anyone hyping China and their supposed economic power is in for a big surprise. China knows full well that if they float the renminbi all hell will break loose.

    You’re absolutely correct about the cost of labor, too. Factor in nearly critical shortages in experienced management, legal and financial professionals and it gets downright ugly.

    The Chinese stimulus program is being used to paper over the systemic and structural problems they’re experiencing, as well as a tool to head off potential internal social “dislocation” (caused by increased unemployment).

    I won’t do any business in China, due to the fact that our IP and proprietary information is at immediate risk, once we start dealing with Chinese companies. I know quite a few companies on the technical and engineering side that feel the same way. I will, however, do business in India and our experiences have been uniformly positive there.

    November 27, 2009 at 3:27 PM #487618
    Allan from Fallbrook
    Participant

    FLU: Anyone hyping China and their supposed economic power is in for a big surprise. China knows full well that if they float the renminbi all hell will break loose.

    You’re absolutely correct about the cost of labor, too. Factor in nearly critical shortages in experienced management, legal and financial professionals and it gets downright ugly.

    The Chinese stimulus program is being used to paper over the systemic and structural problems they’re experiencing, as well as a tool to head off potential internal social “dislocation” (caused by increased unemployment).

    I won’t do any business in China, due to the fact that our IP and proprietary information is at immediate risk, once we start dealing with Chinese companies. I know quite a few companies on the technical and engineering side that feel the same way. I will, however, do business in India and our experiences have been uniformly positive there.

    November 27, 2009 at 3:27 PM #488000
    Allan from Fallbrook
    Participant

    FLU: Anyone hyping China and their supposed economic power is in for a big surprise. China knows full well that if they float the renminbi all hell will break loose.

    You’re absolutely correct about the cost of labor, too. Factor in nearly critical shortages in experienced management, legal and financial professionals and it gets downright ugly.

    The Chinese stimulus program is being used to paper over the systemic and structural problems they’re experiencing, as well as a tool to head off potential internal social “dislocation” (caused by increased unemployment).

    I won’t do any business in China, due to the fact that our IP and proprietary information is at immediate risk, once we start dealing with Chinese companies. I know quite a few companies on the technical and engineering side that feel the same way. I will, however, do business in India and our experiences have been uniformly positive there.

    November 27, 2009 at 3:27 PM #488085
    Allan from Fallbrook
    Participant

    FLU: Anyone hyping China and their supposed economic power is in for a big surprise. China knows full well that if they float the renminbi all hell will break loose.

    You’re absolutely correct about the cost of labor, too. Factor in nearly critical shortages in experienced management, legal and financial professionals and it gets downright ugly.

    The Chinese stimulus program is being used to paper over the systemic and structural problems they’re experiencing, as well as a tool to head off potential internal social “dislocation” (caused by increased unemployment).

    I won’t do any business in China, due to the fact that our IP and proprietary information is at immediate risk, once we start dealing with Chinese companies. I know quite a few companies on the technical and engineering side that feel the same way. I will, however, do business in India and our experiences have been uniformly positive there.

    November 27, 2009 at 3:27 PM #488317
    Allan from Fallbrook
    Participant

    FLU: Anyone hyping China and their supposed economic power is in for a big surprise. China knows full well that if they float the renminbi all hell will break loose.

    You’re absolutely correct about the cost of labor, too. Factor in nearly critical shortages in experienced management, legal and financial professionals and it gets downright ugly.

    The Chinese stimulus program is being used to paper over the systemic and structural problems they’re experiencing, as well as a tool to head off potential internal social “dislocation” (caused by increased unemployment).

    I won’t do any business in China, due to the fact that our IP and proprietary information is at immediate risk, once we start dealing with Chinese companies. I know quite a few companies on the technical and engineering side that feel the same way. I will, however, do business in India and our experiences have been uniformly positive there.

    November 28, 2009 at 6:14 PM #487713
    Arraya
    Participant

    China lies more about their stats then we do. The whole world is in a hand basket.

    November 28, 2009 at 6:14 PM #487879
    Arraya
    Participant

    China lies more about their stats then we do. The whole world is in a hand basket.

    November 28, 2009 at 6:14 PM #488260
    Arraya
    Participant

    China lies more about their stats then we do. The whole world is in a hand basket.

    November 28, 2009 at 6:14 PM #488347
    Arraya
    Participant

    China lies more about their stats then we do. The whole world is in a hand basket.

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