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I was reading this: http://www.macrobusiness.com.au/2016/12/china-dumps-us-debt-record-pace/ US hikes > USD up > CNY dumps > China sells US debt > US hikes 2 questions: Wouldn't China's USD reserves increase by selling US debt - since its sold in USD? The article says it is decreasing How...

If Russia does not back down and US tight oil drops off do you guys think that would be enough for Saudi Arabia/US to allow the price to go back up?

question regarding oil, is the oil that is drilled out and sold refined? IE oil gets drilled out and gets shipped to US where it then gets refined to WTI or does does it get drilled out in say saudi arabia and refined there before going onto the market?

you are correct so if spot went below 1300 10% of miners will feel it, but how large are these mines?

i just moved my money out of ING direct - was that overkill? (considering it is the aussie line) how many aussies will have euros in an euro bank?

as in, since spot price is determined at exchanges, would imports into china effect the spot price? what if say, for example, it was all bought from perth mint, that wouldnt effect the spot price would it? lag i meant as it no effect in the short term - once news breaks then ppl think oh gold is...

is that data govt bought gold or privately bought? is it bought through an exchange or from the mines? isnt spot price based on gold sold at the exchange for immediate delivery or to cover a short position? and if that data was physical, would it reflect in the spot or would there be some lag?

its funny, but lesson one isnt the fiscal cliff fiscal cliff is politico lingo to scare people into thinking reducing the deficit is bad so that obama can sell the need to maintain the deficit

sounds like a bad idea lol i didnt read the article, but what is their justification for this 'bailout'?

it would be worth coming up with either a page/video where it was more brief and easier to read/understand. very few people will sit down and watch the entire series.

yeah obviously treasury wouldve rather BW get sold, as it would be bad for a lot of people, but was that a deal that was settled privately without influence from govt/treasury/rba? were any incentives given to other banks who bought them out?

There was a clip where someone from treasury was explaining the situation to the senators. He basically said that there were two ways the bank west situation couldve played out (default or get sold/merge with another bank) and he said it with a tone almost that it was better for Australia that...

Has HBOS given a statement on this situation? They were obviously screwed over by CBA/BW.

can someone explained to me why bankwest deliberately under valued people's assets - how does this trigger a default? edit: ill take a shot... since the property is collateral there is some clause stipulating if the value of it was to drop below a certain % of the loan the borrows default or...

currently the spot value in AUD is determined by the exchange rate between AUD/USD the freegold concept values gold in AUD. determined by supply/demand of gold from AUD transactions (afaik - correct me if im wrong)

what would happen when there is a housing bubble (for example) in a country, and its citizens decided to store their wealth in real estate rather than gold? that would lower the value of their currency. places like india will have an extremely high valued currency as people there tend to spend a...

i see, so gold would essentially have a spot value for all currencies (rather then the spot price in USD and its value in other currencies are determined by the exchange rate)? obviously this is against the US' best interest, and would probably lead to war if this were to start to take place

how is freegold going to work? if you get rid of the spot value, people will naturally determine a $ value /oz of gold when they determine if theyre better off storing their wealth in gold/currency/real estate/stocks etc. unless currency doesn't exist (or has a predetermined value) i cant see it...

so what did banksia do? were they a fund which invested/traded people's money or did they just lend out money with interest or both?

in the weeks leading up to gold's peak in 2011, who thought it was going to go higher than it did? at the time, did anything think it would go down to 1520AUD?