\Interesting from Daily Reckoning today. worth subscribing in my opinion. Very very conservative opinions, but they help me. www.dailyreckoning.com.au
Good thread ladies and gentlemen , This little mouse might take the initiative and do a Tutankhamun in the deep au waters of the south pole; by the time they find this little black duck, us humanoids might not have little toes and noone will give a rats pants about any of this lol . Perhaps ill be preserved long enough to tell an intuitive tale . Did intent break any laws ? . Umm should the solution be colloidal silver ? . On a serious'r note one may see that the Ruskis and the Chine have started their alternate currency trades as an alternative to the USD. I would have thought that there would have been alot more discussion about this matter thou it didnt seem to have much impact on commodities . If the rumours are true re: a simple shift in exchanges and albeit london to shanghai and or otherwise a notional impact on whats worth what and its a long shot but could JPM have seen the writing on the wall ?. Cheers
Uh huh. If you predict a crash for long enough, one day you'll be right, but for how long are you wrong while we wait ?
It's not so much as predicting when it will happen. As you say, anyone can do this and eventually if you wait long enough you will be right. Rather it's being aware that it could happen and then being reading and taking the appropriate action when signs start emerging that it is almost upon us. That's all.
In the US and probably AU, it doesn't work that way. They would essentially give you a zero cost basis if you didn't prove what you paid for the silver. You would end up with some basis with negotiation, but the taxation authorities are not going to take your word that you recently bought something and can't find the receipt. They would tell you to get another receipt from your dealer or show the cancelled check where you paid for the silver.
