Jump to content

Mungo

Member
  • Posts

    925
  • Joined

  • Last visited

Everything posted by Mungo

  1. Mungo

    Gold

    Gold ETF is nothing but fraud, just like the comex - at the end of the day only the physical will count.
  2. Mungo

    Gold in AUD

    Says it all, want to play the paper market this is what happens - Lets get physical. http://www.examiner.com/article/largest-du...stomers?cid=rss
  3. See what I mean by the citizens get shafted :- A Reuters article states that: 'No one knows exactly how much money has left Cyprus' banks, or where it has gone. The two banks at the centre of the crisis - Cyprus Popular Bank, also known as Laiki, and Bank of Cyprus - have units in London which remained open throughout the week and placed no limits on withdrawals. Bank of Cyprus also owns 80 percent of Russia's Uniastrum Bank, which put no restrictions on withdrawals in Russia. Russians were among Cypriot banks' largest depositors.' In other words, the plebs get shafted.
  4. Disagree, The Europeans bowed to Cyprus's (and Russian) demands to ensure that Cyprus stays within the Euro, thereby not triggering a CDS meltdown, in the end citizens get shafted to save the elite bankers who screwed up and keep screwing up. Watch the $U.S. v Euro over the next few months as I will imagine smart money will start moving out of European Banks and more than likely into U.S. T-Bills whilst they decide where to go on a more permanent basis.
  5. I hope they focus on the costings and where the money is going to come from for those so called policies, we are fast approaching 300 Billion of debt - not sustainable. There is no such thing as a free lunch.
  6. Mungo

    Gold

    Same old same Flower, no longer trade short term, tend to look at the big picture - I hope gold takes a battering so that I can load up the SMSF with good quality stocks, with good management, resources in the ground and no debt (very few) and the metal itself. Catchya in another few months.
  7. Mungo

    Gold

    Slowly but surely, game over along time ago - some just can't see through the fog thrown in front of them. http://usawatchdog.com/bernanke-playing-wi...ence-kotlikoff/ Have not watched the vid, as I don't need too.
  8. Mungo

    Gold

    Yep, I can see the blind just don't get it again. Learn your and understand monetary history is all I can advise. Take it or leave it - Catch you in approx 3 years.
  9. The fiscal cliff was reached years ago when the U.S. could no longer re pay its debt obligations. They are trying like mad to inflate, but that is still a while off - prior to that, interest rates will begin to rise and they then are absolutely screwed.
  10. That was excellent (thought I posted another one that I had seen), goes for about an hour. Japan gets torn to bits by Kyle and his explanation as to why is second to none as far as analysis is concerned, by the way - looks like we are up the clappers also due to our dependency on Asia. Anyway Merry Christmas to all, enjoy.
  11. I'll put my money with Kyle Bass any day of the week. http://www.youtube.com/watch?feature=playe...p;v=JUc8-GUC1hY
  12. Have stated a few times that it's 'the home of the meek and the slave'. Looks like some a waking up to it also, this is from Armstrongs Blog. US Is killing The Global Economy Posted on December 16, 2012 The United States is the ONLY country that taxes American citizens even if they have never lived in the United States at any time. Once born American, you owe taxes as an economic slave even when you receive nothing and have never lived in the USA. This law passed last December that authorizes the confiscation of any firm’s assets if they do not report what an American citizen does overseas has been devastating. Americans have been thrown out of banks everywhere. In Switzerland, you have to fill out papers to open and account swearing you are not an American citizen even if you are Swiss. Americans are being thrown out of public funds and just about everything anywhere right down to safety deposit boxes. The balance of trade will continue to collapse as foreign goods can be sold to Americans but Americans cannot open businesses overseas unless you are part of the big multinational corporations. This alone has sent the velocity of money spiraling downward. However, what is going on now is just off the wall. The US government is now hunting down people who may have had one parent as an American yet they have lived outside the USA all their lives. The IRS has been hunting lineage of Canadians who had one American parent and are sending them letters informing them that by US law they should have been paying taxes their whole life to America in addition to Canada. This is sending countless Canadians running for lawyers all because the USA is broke. http://www.theglobeandmail.com/globe-inves.../article584297/ How Americans are being treated by their own country is not as a free individual, but as economic property to pay revenue to the government regardless of where they live. NO OTHER NATION DOES THIS BUT THE USA. We are in such serious trouble with this Sovereign Debt Crisis that all liberty is being lost. Virtually every other major nation does not tax worldwide income if earned outside the country under the simple theory you pay taxes to use state services. If you are not there, you do not pay. American are owned by the government no different than the days of slavery. If your parents were slaves, you were the moment you were born. We perhaps ended private ownership of people, but we did not end state ownership of people. You must work and pay taxes and it has nothing to do with paying your “fair share†since there is nothing owed to a citizen by the state. The desperate need for revenue to pay the bond holders has destroyed everything the constitution was intended to secure.
  13. This is fascinating and I'm sure many of you will be surprised. A list of the most populated cities on Earth. When you get to number one, keep going. http://http-www-nidokidos-org.2478436.n2.n...-td7431833.html and download the Over_Population.pps file, tried upload the attachment to this site but it looks to be too large.
  14. Cycles Arty, Cycles. You will see a return to some form of precious metals standard within the next 6-7 years, unfortunately not redeemable by you or me. Not just Gold, any precious metal combination and there's more than a few of them. On a redeemable Gold Standard there would be little inflation, perhaps even deflation (the banks don't like that). Back then Gold was redeemable and silver and gold were in circulation in coinage form along with the gold receipts (dollars) . From memory, cars, roads, planes, cities, phones, planes were in existence back then, technology advancement would not be an issue - what would be an issue would be Govt funded social security, back then let's just say no one was turned away and people were far more charitable.
  15. Buffet's old man new the story, pity so many don't http://www.fame.org/pdf/buffet3.pdf
  16. Mungo

    Gold

    Rubbish and here is a simple example to start with - as we obviously have to take you through a learning curve step by step unfortunately - and I really cannot be bothered but we shall see how much patience I have. When I purchase gold from the Perth mint I transact directly in AUD. The Perth Mint purchases gold through its subsidiary 'Gold Corp'. When it purchases locally - its purchases are settled in AUD, not USD as it purchases most of its gold via AUS based and producing companies. The only time Gold Corp needs to purchase in USD is if it purchases from a producer in a country that settles in USD (and that is not every country, especially when it comes to gold).
  17. Mungo

    Gold

    Flower that is nonsense, look at the POG in USD and AUD for over the past 10 years and what do you see - both are rising because both currencies are being debased. What you are actually seeing is one currency is being debased at a greater rate than the other full stop. For an AUS based and producing GOLD miner they do not give a rats about gold in USD - it's not hard bloke - think about it.
  18. Mungo

    Gold

    Yep Spewin on that one, raced away on me and just could not get on as no decent pull back was in the offering - then again i'm patient and any opportunity forthcoming may be taken.
  19. Mungo

    Gold

    God Flower, I thought gold in AUD did not matter according to you. I think a more appropriate tag for you would be 'windsock'. As in - "Any way the wind blows that is the way I will go".
  20. Monty Guild is spot on, but some folks - especially those in power will be in denial at the detriment of the country. Like I've said before, they come first, the party comes second and the country comes fourth.
  21. Because crime when committed is not suppose to pay, not for the criminal anyway. That's a story for another day, the "Business of Justice" as I like to call it.
  22. The stench continues, I know people who made mistakes when they were young and still pay the price today when applying for specific public service positions. But the PM and her spin doctors think that she should be immune. Like I stated in a previous post (deleted) - there needs to be a Royal Commission into this with no limits on the terms of reference. Story from this weekends Australian. http://www.theaustralian.com.au/news/inves...r-1226456179736
  23. Here, rather than covertly trying to pull a post, why don't you try and argue about it on a factual basis. If this one gets pulled - this will be the last post of mine on this site. Bill Shorten decided, via legislation, to make it harder for union crooks to escape Scott free with millions in members’ funds. The Opposition wanted penalties of hundreds of thousands of dollars imposed but ex-AWU National Secretary, Shorten, wanted a mere $6,600. Shorten got his way and of course it sailed through the Senate. Where the hell the extra $600 came from is a mystery... maybe he thought it would attract GST. Perhaps Shorten was confident Thomson could handle the $6,600 on his ear. You see the little man with the wandering appendage knew it could only be civil charges instigated by FWA. But did he allow for 37 of them? Shorten is rightly concerned for Thomson’s potential bankruptcy, making him ineligible to sit in Parliament. Whatever happens it will not affect Gillard’s numbers. Shorten isn’t concerned for the looming police criminal charges, he can string that little problem out for another two years, well past Gillard’s tenure of hard Labor. Early in the new year the Federal Court will find Thomson guilty of many “misdeeds†multiplied by $6,600 and he also will be ordered to repay the misappropriated amounts. Of course Thomson will not be able to afford such a substantial amount and the ALP cannot be seen to be continuing to pay his legal fees as an “independentâ€ÂÂÂÂÂ. So, how will the brothel creeper Thomson and the ALP get around this one? Well, it's easy really, you see the very unions he stole from will be only too pleased to assist with (a’hem) a low interest “loanâ€ÂÂÂÂÂ. Now, that becomes a double whammy for poor union members. But they are only union members, they will understand, won't they? Crumbs, how 36 people in every 100 support this government is beyond me.
  24. Mungo

    Gold

    Hi Triage, Just listened and watched the interview, what an absolute gem of a person - gives me some hope that the human race is heading in the right direction. A Humanitarian with SMARTS, go baby. Cheers Mungo
×
×
  • Create New...