Just something away from Rugby

FFs Mozart  gold can never be worthless and prices going that low its the beest time to buy buy buy as it will go up again and you sell sell sell and make a mini fortune. Where did you get your business education from? Malema? 

 

There is an old saying that the best time to buy gold is when everything is quiet

 The world economy is still recovering from the consumer credit crisis where spend exceeded world assets. 

 

This has created a bear market where spending moves from terrtiary industry(professional services) to primary industry (natural assets). 

(Conservative)

 

A Bull market is when spending moves from primary industry (natural assets) to professional services(tertiary industry/3rd industry).

(Radical)

 

The secondary industry is manufacturing, processing or natural assets etc. 

(Average)

 

it is just a cycle of going from Bear to Bulls Market.

Then the economy crashes like in 1929 when Stock brokers were jumping out the window. 

When crisis breaks out, suddenly natural assets like Gold are worth lots and a good time to sell and make massive profit just before the economy starts to recover.

 

Bear Market, Bull Market, Bear Market, Bull Market........

 

 Thats what investment bankers do is just buy and sell. 

 

When the economy goes into recession, typically it is the end of a Bull market where all the shares of tertiary industry are dumped

and this reduces share value even further, and pushes up

value of natural assets.

 

Basic supply and demand creates actual value.

Mozart is paying a very liberal picture of the American economy. I gat daily e-mails from a variety of US-based websites - granted they are of a conservative Republican hue - and they are painting a picture vastly different from what he is writing. So there is another side to the story as well. Matter of fact there are critical problems in the US - and those will not go away without major change. Statistically wise there are problems in the productivity of workers - too much consumer goods are imported because of too high production costs in the US. Why is the national debt of the US Government in excess of gross domestic produce? Certainly that cannot be a healthy situation from a financial management perspective. Despite the deficit budgeting - the US went into Iraq based on lies generated by the Government and caused major problems in the ME as a result. How did they finance that misadventure? Through the printing of money. They talk of deficits - and how to fight it - but they have a long term programme to reduce budget deficits and the actual outcome is being done on a crisis situation. The Congress tries to put in loan ceilings - but every time at the end capitulates at the last moment and allow the Obama Government to borrow more money. Is constant exceeding of loan limits a fact -or not. A while ago an American commentator wrote that the situation of dollars flooding the whole world- because of trade deficits and low production levels of American workers - is ultimately going to make the dollar unacceptable in other countries. He forecasted that when that happens countries will abandon the role pf the dollar in determining commodity prices and that would make the US a major economic disaster. The above is not a scare story - it happened in 1973 already where no banks would accept US Dollar travelling cheques - I know from personal experience. There was a recovery during Reagan's term as President - but since then the situation has deteriorated further according to US commentators. There is one reality check - no Government in the world can spend money which they do not have - be it the US or smaller countries. The powerful US have for years manipulated the currency market and consequently created a value for dollars - not based on real values at all. That is what I can make out of the situation.

"Lets not forget, but for the good old USA your "Royals" would be saying " ja wohl".....hold on, that should be familiar! I wonder, do they still speak German in private? "

 

Good one, Moz!

Denny It is a fact that most European Royals speak a variety of languages - aside from the language spoken in the countries where they rule. This is traditional - in Russia in the wars against Napoleon - some of the aristocratic generals had to take Russian lessons - they did not know enough of the language to command the troops. French was the lingua franca amongst them. I read a book once on Nicholas and Alexandra - they wrote letters to each other every day using English for the purpose. I believe that the present monarchs and royal family members in most countries speak aside from their home language - German (as you stated) English in the case of continentals), French and Italian at minimum - with some speaking Spanish as well. I would notb e surprised if Willem-Alexander of the Netherlands does speak Spanish in conversation with his Argentinian wife - but that may be out - since it would create unfavourable impressions. However, I am not really impressed by politicians - they normally are crap - and so is the opinion of a lot of other people - hence my belief that it is better to have unpolitical reputable people as head of state and responsible politicians as head of Government. I think in most countries that is a fairly general belief amongst the people of the countries still having monarchs. I was once in England on a local coach tour from London to Bath. Next to me was a woman from the US. She was nattering on about having had the most wonderful experience of her whole life. I asked her about it and it then came out that she saw the Queen. I was baffled - how can that be the most wonderful experience of her whole life? However, it taught me a lesson or rather proved one impression. Without the monarchy Britain would not be the tourist attraction it is today. The Old Queen is worth billions to the British exchequer.