Mike maloney event in Sydney or melbourne, Did anybody go?

[trew]

If you are a property owner right now in cyprus, how will your tenant (individual or business) pay you the rent if they cannot get money out of the bank ?

 

[Gold Kiwi]

People in cyprus at the moment aren't talking about gold and silver from what i can tell, they are trying to work out where to put the money.

I think people will choose real estate before gold and silver. While you might increase your purchasing power holding gold, real estate is the easiest investment for most people to understand.

I was working with a guy from Zimbabwe who lived through the hyperinflation, and he said gold and silver go great, but real estate does too. He kept saying over and over to me gold and silver all the way. Zimbabwe had the benefit of being able to switch to the US dollar however, and real estate prices just changed to being valued in US dollars rather than zimbabwe currency.

He told me this story how they had to melt the families savings down to a gold tow ball paint it black and drive across the border, then put it in the bank over there.

Thought that was quite a cool story i'd never heard anything like that before. Generally though he said even the people that bought gold and silver ended up using it for food so you want to make sure you have plenty of that.

Im not sure i believe the towball story. Its too soft to take the shear force of braking & accelerating

He didn't say they attached a trailer to it

 

[goldpelican]

There was a couple of websites that Mike have out at both events:

http://www.economicfreedom.org
http://www.freetheworld.com

The latter appears to refer to http://www.ipa.org.au for Australia (Institute of Public Affairs).

 

[CriticalSilver]

That's the first I can remember hearing about the IPA. Thanks for pointing them out.

 

[silverman47]

People in cyprus at the moment aren't talking about gold and silver from what i can tell, they are trying to work out where to put the money.

I think people will choose real estate before gold and silver. While you might increase your purchasing power holding gold, real estate is the easiest investment for most people to understand.

I was working with a guy from Zimbabwe who lived through the hyperinflation, and he said gold and silver go great, but real estate does too. He kept saying over and over to me gold and silver all the way. Zimbabwe had the benefit of being able to switch to the US dollar however, and real estate prices just changed to being valued in US dollars rather than zimbabwe currency.

He told me this story how they had to melt the families savings down to a gold tow ball paint it black and drive across the border, then put it in the bank over there.

Thought that was quite a cool story i'd never heard anything like that before. Generally though he said even the people that bought gold and silver ended up using it for food so you want to make sure you have plenty of that.

Im not sure i believe the towball story. Its too soft to take the shear force of braking & accelerating

He didn't say they attached a trailer to it

exactly. The point the other guy made about real estate holding up however, apparently in zimbabwe when the callapse happened there real estate was priced in US dollars well before. Homes were $500,000 US dollars etc whether that was 20 trillion zimbabwe dollars or not, real estate wasnt priced in zim dollars and this happened long before the hyperinflation - people saw it coming. they werent selling for peanuts. They increased in value significantly.

We've just made a deal with china to allow direct exchange of our currencies AUD > RMB just yesterday or whatever, so whats to say our real estate couldnt continue being priced in AU$. The fact that so many countries are going off the dollar well before the dollar callapses could mean that other currencies may hold up. Mike maloney actually needs to now revise some of his work and explain what would happen in that scenario, as its different to whats described in his theories.

 

[valuecreator]

1) Australia hasn't done any deal yet regarding convertibility, they just started spinning the story.

2) Mike Maloney doesn't know more than anybody else what will happen. He can just tell you what has happened in the past and how to position yourself so you can react successfully to what will happen. And he's doing an ok job at it. Anybody's price prediction are useless.

Price deflation or inflation is not as clear cut as many people believe, in such a complex fractional system propped by OTC derivatives. With the amount of "capital" floating around and velocity at generational lows, the thing people should get ready for is VOLATILITY.

the banksters are running massive virtual simulations right now, they'll move when the window is open.

Royal Estate, as John Law realized a bit late when it was time to split the scene, is not a secure store of wealth in a Super-Crisis, unless the Gman works for you.

 

[MrSteve]

Did anyone else watch nine news tonight ( sydney ) with Ross Greenwood doing a story about Sydney's largest vault?

Maloney was on as well, he pulled a gold ounce out of his pocket

 

[AngloSaxon]

Did anyone else watch nine news tonight ( sydney ) with Ross Greenwood doing a story about Sydney's largest vault?

Maloney was on as well, he pulled a gold ounce out of his pocket

Yeah I was surprised to see him on the news, but it was welcome, for all of the 3 seconds they broadcast of him.