Economy & Banks

has anyone considered buying silver ?

http://www.communitysynergy.com/subscribe/silver_pledge_site.html

an attempt to try and screw over the false market in silver

but but but jpmorgan are massively short

they said so

gold then ?
as paper money will be defunct when america blows up

Having been reading ZH quite a bit, assuming the $ dies, how will that effect other paper currencies?
Obviously there will be corrections, but do they survive? Or is the assumption that once one topples they all come crashing down?

i think the world just moves from trading everything in dollars to trading things in gbp / eur / cny

demand for dollars is less

what that means for other currencies i don't know

One main concern regarding investment in commodities like gold or silver is short selling... you don't physically buy bullion. And by doing so through currency bound brokers, when the currency collapses so does your investment. You want the real thing buried in your backyard so to speak.

there are plenty of places to take possession of a gold bar / silver bar or coin
thats the only route i'd take
physical

Downside is that it's a relatively expensive way of buying (and selling for that matter).

Surely thats the whole point? That the price of real metal is pretty much decoupled from the price of paper anyway?

Not much of an issue if you buy bulk, but the cost of admin of and physically handling the bullion could prove costly to smalltime investors.

Try bullionvault

Shall we set up a vault to hold people's bullion with storage fees linked to the value of the gold. When economies decouple and people no longer have paper to cover the fees, we exercise our lien over the physical and buy our own island.

as paper money will be defunct when america blows up
How so?

The fiat currency model can work perfectly well if even the main reserve currency devalues to being worth as much as the paper it is printed on.

In fact, the fiat currency systems works perfectly because because the main reserve currency can devalue to being worth as much as the paper it is printed on.

www.communitysynergy.com/subscribe/silver_pledge_site.html

The stupid. It burns.

it's ok they can create more money to pay the chinese back

If the chinese are mistaken enough to voluntary devalue their own currency why shouldn't we take advantage?

They might get a bit upset when they figure out how the west is playing them but NATO is still a bigger better equipped fighting force than the PLA

This is an interesting report, not sure how I'm going to pay for my subscription to their magazine when it all blows up though

http://pro.moneyweek.com/myk-eob-tpr123/LMYKPB09/?h=true

This is an interesting report, not sure how I'm going to pay for my subscription to their magazine when it all blows up though

http://pro.moneyweek.com/myk-eob-tpr123/LMYKPB09/?h=true

In response to that scaremongering: http://anotherangryvoice.blogspot.com.es/2013/01/moneyweek-and-their-end-of-britain.html

This is an interesting report, not sure how I'm going to pay for my subscription to their magazine when it all blows up though

http://pro.moneyweek.com/myk-eob-tpr123/LMYKPB09/?h=true

that is a painful-to-endure slideshow - what's the gist??!

that is a painful-to-endure slideshow - what's the gist??!

buy our magazine i assume - turned off many moons before the end

that is a painful-to-endure slideshow - what's the gist??!

"The UK's fucked, we've got too much debt and we're turning into the Weimar Republic. We're the only people brave enough to tell you this, but we also have the answer because some of our writers have been correct when predicting some stuff (ignoring all the incorrect predictions). Buy our magazine"

"the financial system is about to collapse! buy our magazine for investment tips"

By the way, I have a gold Eiffel Tower you might want to buy

It's a poor sales pitch and Tom does a nice rebuttal, but in amongst the hype MW do make a couple of important points the majority of the financial press seem to ignore;

QE and artificially low interest rates are simply shoring up the banks and cheap Govt borrowing

When interest rates finally go up (and they will) it's not just mortgage payers who'll be fucked