Spot price means nothing.

Discussion in 'Silver' started by intelligencer, Jan 15, 2011.

  1. Guest

    Guest Guest

    I absolutely agree with you 200% here mate.
     
  2. pmstacker

    pmstacker New Member

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    OK look, whatever the end game is, if you are willing to bet that the end game for Australia in the near future is going to be the same as that of the US then be my guest preparing for that scenario :)

    There are also many other aspects of why AUD and USD is not going to be zimbabwe so easily.

    1. There wasnt a zimbabwe bond market
    2. i dont think zimbabwe produced or exported anything
    3. Zimbabwe wasn't the reserve currency of the world
    4. It wasnt the currency tied to oil !

    Many reasons why having AUD & USD turning into zimbabwe will be much more difficult and longer stretched process. (Not saying it wont but it will sure as hell take longer)

    If you look at the situation of AUS & US in the economic cycle, we havnt even had our property bubble pop yet ! And as someone mentioned Australia banks Major assets are mortgages, thats it. When we get past this event then we can start to look at what the next possible dark day will be but before this we are not even close. This event may be that the government use legislation again to prop up prices (possibly have more first home buyers bonuses, allow overseas people to purchase housing here and in this way house prices can be propped up. Banks happy, current home owners happy but new buyers even more priced out of real estate, they NOT happy :() OR the housing market is allowed to show its true colors and falls OR stays based on the real market value and demand)

    Everyone keeps saying all fiat currency will go to zero and if history has proven that ... fine ... but really, if thats going to happen, say for this particular country in a decade or so in the future are you willing to put all bets on this outcome, 10 years in the future, even 5 years ? Id rather stick as close to the roller coaster as best i can to get the most out of it !
     
  3. loki.verloren

    loki.verloren New Member

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    http://en.wikipedia.org/wiki/Zimbabwe#Economy

    zimbabwe is a major producer of platinum, a new diamond deposit recently found is considered the biggest ever found in history.

    the issue is corruption. corruption has been creeping and creeping and growing in all of the countries in the anglo-american zone and europe. the slimebags running the rackets in the West are much more sophisticated than the dodgy brothers groups they install and control in most of the third and second world countries.
     
  4. systematic

    systematic Well-Known Member

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    spot price means as much as the share price of any commodity you want to buy on the day whether its gold, silver , BHP or pork bellies.
     
  5. loki.verloren

    loki.verloren New Member

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    except when the trade includes certificates for nonexistent commodity.
     

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