Inane stupid stupid stupid stupid RBA & ABC reporter just now...

If I was the reporter I would have pulled out some cash from my wallet and said what is the intrinsic value of this. People in glass houses ...
 
Hey sweetheart, beliebers don't use that kind of funny talk
Focus more on the important things in life like fashion, pimples and weight control and leave the important stuff like finance to the adults
We know what we're doing darling
 
To put that RBA Governor's opinion into perspective, I received this in email from LeMetropoleCafe.com this morning ..

Dennis Gartman of The Gartman Letter, writes today:

"Concerning gold, let's note firstly something sent to us by our old friend John Brimelow, who had a most interesting piece in his commentary this morning regarding the violence of the recent price changes. He noted a piece written by Russell Rhoads, CFA of the CBOE Option Institute, who wrote the following:

"'Friday was a 4.88 standard deviation move in the price of gold. For simplicity's sake let's call it a five standard deviation move. Statistically we get a five standard deviation move approximately once every 4,776 years. So we should not expect another move like this out of the price of gold until May 17, 6789. ... Currently the two-day price change in GLD is 16.65, which can be converted to just over eight standard deviations. I wanted to share what this comes to, but the table I use only goes up to seven standard deviations. Let's just say the sun is expected to burn out first.'"
Click to expand...

In a free market, the sun is likely to burn out before we experience the kind of crash in the gold market we have seen since Friday.
 
VRS! Man, chilll dude. You know the "nitrogenous fertiliser" is being put out there for a reason. What was it Hitler said? Tell a big enough lie and everyone will believe it? Tell it often enough and eventually resistance is worn down.

It's a war, man, and the other side has control of the propaganda machine (and seems to have no end of idiots who'll spout whatever the Teleprompter displays without letting a thought get between heir eyes and mouth.

Idiots.

BTW, I'd love to wear a 300 kg shirt! It would mean I was the HULK!!! :lol:
 
Its central bankers that run this planet, G20; G8 Gwhizzzzzzzz. These unelected (people) are working together to keep the game going. But they have forgotten their history lessons. The people will only take so much, stealing bank deposits and reducing your savings to a figure which they can set ($100000 at the moment). Why do we let these unelected (people) away with these crimes, gold/silver are the only things which will keep these bastards honest. So don't act surprised when one of their henchmen come out with this tripe. Soon one nation will say enough, my hope is that Italy will be the first to break free from these parasites. I live in hope. Gold and silver will set us free.
 
VRS said:
According to some dipstick reporter on ABC radio just now (bear with me... I'm incredulous as I type... still stunned lol!):

RBA Govenor says:
'gold has dropped because it isn't actually that valuable'

Girly reporter then states:
'The reason people think gold is valuable is because they think other people think it's valuable'

UH?!?!?! :/
Click to expand...


Yeah there are some good ones going around like "Gold shines no more" on a newspaper :/
 
You must log in or register to reply here.
Back
Top