Gold loses again.

[Aman A.K.A. Ahamburger]

There has been A LOT of talk about this issue, and how it was signaling a transfer away from "fiat".

Again, Gold is on the losing side of the issue...

India, Iran resolve oil payment dispute:
www.bloomberg.com/news/2011-02-04/india-iran-resolve-oil-payment-dispute.html

An official says India and Iran have resolved a dispute over payments for Iranian crude oil with New Delhi agreeing to set up a new mechanism that would allow payments in euros.

[pappyjohn99]

I would be curious to learn the ratio of gold to oil that was being discussed.

[midwesterner (banned)]

You will be eating your words at some point. Besides gold is up at the moment. Sorry pumper, nice try, but the you can't deny reality nor can you make it up as you go to fool those that are trying to learn here.

True colors shinning through this pumper.

[traelin0]

Feb 4, 2011 1:42:29 GMT -5 Aman A.K.A. Ahamburger said:

There has been A LOT of talk about this issue, and how it was signaling a transfer away from "fiat".

No, it signals a transfer away from the church of the USD. That is the trend of importance. And when it happens, the world is not going to return to a singular reserve currency. It will probably be an international settlement mechanism based on a basket of currencies and gold, or gold as the standard whereby all currencies are priced.

Every move away from the petrodollar is one more nail in the dollar's coffin. That is the only thing keeping it afloat. 40 years ago we could enforce it with our military and net creditor status. Today we borrow from China to waste resources in Afghanistan and are the largest net debtor nation in human history.

[midwesterner (banned)]

No, it signals a transfer away from the church of the USD. That is the trend of importance. And when it happens, the world is not going to return to a singular reserve currency. It will probably be an international settlement mechanism based on a basket of currencies and gold, or gold as the standard whereby all currencies are priced.

Every move away from the petrodollar is one more nail in the dollar's coffin. That is the only thing keeping it afloat. 40 years ago we could enforce it with our military and net creditor status. Today we borrow from China to waste resources in Afghanistan and are the largest net debtor nation in human history.

Trae, you couldn't be more right. The dollar based oil standard which has in my opinion keep the ponzi of fiat dollars going longer because of OPEC deals making nations demand dollars to buy oil, is kinda like saying you buy our dollars or your country is going to be in poverty. We controlled the oil, and oil nations, set up trade deals, and therefore dollars had a demand even after Brenton woods. Things should have fallen apart long ago had it not been reserve currency and empire status we have enjoyed that is coming to a close.

Those that think Gold is going down are kidding themselves. Whatever we decide, either nation by nation, or group of nations for a new dollar, NWO money, or independent free nations, it's going to be backed by something. Too much lack of trust in fiat for it to work successfully right now.

Ahamburger you boast a lot, but you shall see that this bull market is just warming up. Too much fiat to chase too many dollars, and too much inflation, unemployment, and food shortages to not have gold rise. You'll be eating those words at some point, and I'd say sooner than later.

[Aman A.K.A. Ahamburger]

I hate to "burst a bubble" here. However, the reason that they are using euros is because they are looking for ways to get around the UN sanctions.. India is not supposed to be buying oil from Iran. They were going to use gold which the metal heads were trumpeting as a signal of currency demise. Here they have worked a way to do it with currency and not gold. This is why gold loses, again.

[Aman A.K.A. Ahamburger]

That's exactly it!

[verrip1]

Hell, if gold were moving upward, I'd want to be in gold. It ain't, so I ain't. Tin, copper, uranium and palladium are currently doing quite well. When investing in metals, it makes sense to me to be in the metals whose price is actually appreciating.

Gold can also make sense in limited amounts as a portfolio balancer. But the current high alpha metals can be used for amounts beyond what stodgy old aurium is good for as a balancer.

[Aman A.K.A. Ahamburger]

Funny this is they say all this is a conspiracy. There were numerous reports at the start of Jan that Brazil was going to get hammered and so was Australia. that Sugar was going to go up... It's up 30% this month.. Those gains are better than gold last year. Wheat is up big since last year. The weather reports told you why at the start of last year. Again coming from the Hebrews..

All this time arguing for the return of a shiny metal, when you could have been making some real returns and having some fun!

[verrip1]

Mostly it's so sad that people lose money so that they can live up to some flaky obsessive fictions they believe about economics.

[Aman A.K.A. Ahamburger]

Unconscious sabotage is such a shame.

[midwesterner (banned)]

I wouldn't give a for even a second of your advice. Baby talk bedtime stories might be up your alley.

You pumpers are just a bunch of peacocks strutting around trying to pass off BS information as solid advice. LOL.



There you go, now people will listen cause you have all your feathers ruffled out and look like you have clue as to what your talking about.

[Aman A.K.A. Ahamburger]

Look a blank post above... Whats the matter Midcoy? Can't think of anything important to say so your just trying to get in the way with a blank cell?

[midwesterner (banned)]

Feb 5, 2011 1:08:38 GMT -5 Aman A.K.A. Ahamburger said:

Look a blank post above... Whats the matter Midcoy? Can't think of anything important to say so your just trying to get in the way with a blank cell?

LOL, this is rich. Funniest thing I've heard all week. You actually trying to say you post useful information is a joke. Dow up, gold down. Yeah, great that's some solid economic and financial advice I'd be willing to risk my money on.

When are you boys going to bring some real issues to the table. You never do. At least I'd respect you'd have an opinion, but heck you speak nothing much market related. Idle chatter, crickets in the background. Heck, I can't see how any newbies can come to this board and take you pumpers seriously. You offer up no information, no real news, or anying much of substance. At least I'd give you some respect if you could occationally do something to prove the market is healthy and based on solid economic and financial foundation for the reasons you pump the DOW JONES.

Give me a break. Give me 20 reasons you see economic strength in the economy, banking system, world markets, finances, and fiat debt based monetary system and I'll back off if you give me some real information that I can at least reflect upon. Otherwise you just BS artist selling a used car.

[Aman A.K.A. Ahamburger]

• Real Wages up
  
• Debit is being paid down
  
• Auto Sales Up around the globe
  
• Consumer spending up
  
• Green tech innovation and application
  
• Manufacturing Jobs in the US post first yearly gain since '97 and ISM employment at highest since '76
  
• Trade deficit with China shrunk last two months of the year with China(unexpectedly)
  
• India is growing at 8%+ a year
  
• China is growing at 8%+ a year
  
• Manufacturing is up 18 straight months in the US
  
• Intent to lay off hits lowest ever in January
  
• Manufacturing is expanding in the UK
  
• Rising wages in China is forcing German toy manufactures into a western revival
  
• Germany economy overall is having the best performance in 20 years
  
• Airlines have lots of orders
  
• Lots of unavoidable work for certified people. (NG and plumbing)
  
• India and China both HAVE to build infrastructure
  
• US is growing
  
• Us added jobs every single month last year.
  
• Canada added 69,000 jobs in Jan!
  For the Blackjack
  
• Recycling is going to be HUGE!!!
  

I forgot to add...

[Aman A.K.A. Ahamburger]

Oh ya one more thing. ADMIT IT OR NOT, there are 3-4 billion(reasons) people that are ready for a revolution if they don't get what we have. While one of the greatest countries in the World that has 13 Trillion reasons a year to think things will move ahead, is entering the Renaissance era of its history.


Forgot to add...

[midwesterner (banned)]

Feb 5, 2011 1:55:34 GMT -5 Aman A.K.A. Ahamburger said:

• Real Wages up
  
• Debit is being paid down
  
• Auto Sales Up around the globe
  
• Consumer spending up
  
• Green tech innovation and application
  
• Manufacturing Jobs in the US post first yearly gain since '97 and ISM employment at highest since '76
  
• Trade deficit with China shrunk last two months of the year with China(unexpectedly)
  
• India is growing at 8%+ a year
  
• China is growing at 8%+ a year
  
• Manufacturing is up 18 straight months in the US
  
• Intent to lay off hits lowest ever in January
  
• Manufacturing is expanding in the UK
  
• Rising wages in China is forcing German toy manufactures into a western revival
  
• Germany economy overall is having the best performance in 20 years
  
• Airlines have lots of orders
  
• Lots of unavoidable work for certified people. (NG and plumbing)
  
• India and China both HAVE to build infrastructure
  
• US is growing
  
• Us added jobs every single month last year.
  
• Canada added 69,000 jobs in Jan!
  For the Blackjack
  
• Recycling is going to be HUGE!!!
  

I forgot to add...

1. Real wages up? where, people are not making what they used to, inflation is making things more expensive, and the jobs that are here are not paying what they used to. Not sure where you get that information.
2. Debt paid down?? What on earth are you talking about. Debt is all time high. States are broke, europe in trouble, credit cards are all time high. Your way, way off on that one. Espeically that without debt there is no money based in a debt based monetary system.
3. Auto sale up. Those that can afford them are buying, but many can't afford cause they are not working. So only working people are purchasing autos.
4. Consumer spending up??? WHAT?? Your kidding. I think you confuse inflation with revenue increases and pumped up markets. Seeing as many in middle east are revolting from inflation, FACT, it's the straw that broke the camels back.
5. Green tech, some is good, many are based on carbon taxes and credits and has actually hurt business growth. Carbon credits and carbon taxes will kill any growth or recovery if we have a chance.
6. Manufacturing growth? Your joking right? Where do you get those numbers? Most those jobs are in China, and what we have left is not all manufactured here, but pieced together to call it manufacturing. Not true manufacturing.
7. Trade deficeit with china is less, maybe cause they won't lend us anymore money cause we are broke. Even if it is smaller in two months as you claim, and I'd like to see that data, it's minor and hardly worth mentioning since I personally can't see how that is reality seeing as we trade nothing much back to them except dollars.
8. India growth, let's see that data.
9. china growth, let's see data, and really doesn't surprise me since they are now going to be new superpower, and trust me that's not good for us one bit.
10. manufacturing up 18 months? What are we manufacturing? What are we trading overseas or selling domestically? Where do you get your facts? I find that hard to buy since if we are supposed to have booming manufacting as you say, where are the manufacturing jobs??? I see none.
11. intent to lay off, really, you call that a really positive moving stat? Sorry, I just don't find that stat to be assuring enough, how about hiring up. I intend to have 100 million dollars. Is it going to happen??
12. Manufacturing expands in UK, let's see stats.
13. Germany best in 20 years, that could be true. I know they are the powerhouse of western Europe, but I see Euro troubles ahead, so since we are global, it may be good now, but not big enough for recovery IMO.
14. Toy manufacturing, for real?? What a BS stat. So toddlers now don't have to worry about foriegn toys and can enjoy domestic toys, yeah. Hardly worth mentioning, and not a big economic sign of recovery.
15. Airlines have lots of orders?? What does that mean exactly? News, stats, information?
16. Lots of unavoidable work for certified people, bs stat. Of course if there is a job to fill that someone is certified it's going to be filled. There are jobs out there in niche markets, but not overall to employ many.
17. India and China both HAVE to build infrastructure, love to know how this affect USA. So they take over as we bleed to death. Great news pal.
18. US is growing, what are we growing? Food, inflation, debt, immigrants we use to employ for slave labor? That's a false stat.
19.Us added jobs every single month last year. LOL, really, in what? More in McDonalds. Not good paying jobs. That is BS. Real employment is not livable wages, part time, or barely enough to survive for most the new jobs added.
20. Canada job growth. That I'm unaware of, but know they are in better shape than USA for sure.
21. Recycling is going to be big. Whooppie. The life saver of our economic troubles. Thank you for pointing this out, cause without the new economic growth in recycling, we now have solved our economic, QE, debt and banking problems. Thank God for the recycling boom.

I find your stats to be bogus, and mildly encouraging on even the good ones. I just don't see your points bring the change we need to jump start our dying economic state we are in. It address no real issues, the big ones, and the stats you pointed out mostly positive have nothing to do with USA, will not affect us with standard of living, and real jobs and wage growth as you suggest.

Hogwash, BS used car saleman trying to pull a fast eddie.

[midwesterner (banned)]

Insanity: doing the same thing over and over again and expecting different results.

That's what I think of you pumpers, you try to fix old problems doing the same thing, and expecting different results. That's why you fail, and will continue to fail at seeing the changes.

[Aman A.K.A. Ahamburger]

Everything I posted can been googled and supported. You live in a fantasy. You can't just tell people that it's not real. They can do their DD...

[mikec]

Burger.... why waste your time. They don't get it.

[midwesterner (banned)]

Feb 5, 2011 2:38:46 GMT -5 Aman A.K.A. Ahamburger said:

Everything I posted can been googled and supported. You live in a fantasy. You can't just tell people that it's not real. They can do their DD...

And so can mine. Post it, link to it, and show it. At least we can say you have some solid ground to stand on or a differing opinion based on something. I've stated my points hundred times over with facts, and googled all of it.

[Aman A.K.A. Ahamburger]

By "we" do you mean your alternate personalities.. Your the only one, well you and your "smart" friend, that don't get it.. Enjoy your version of history Midcoy the lost minion..

[domeasingold]

I think mid-coy should change his/her name to Sybyll. That is the only way he could carry on that conversation with himself.

[Aman A.K.A. Ahamburger]

I don't know mid..what do you think??? I don't know mid...what' do you think??....I don't know mid what do you think??.... Now we are getting somewhere on how this persons mind works!.

[lifewasgood]

Question: How much more does gold have to lose before you folks admit you were wrong and missed a great opportunity to invest.

[lifewasgood]

I don't, as I have often said, I truly wish gold was back at 1999 levels along with gas below a buck a gallon and dollar around 106 on the index. Unfortunately we can wish in one hand and Sh&t in the other and the later will fill up first. Reality is the Dollar has been devalued, hanging around the mid 70"s, fuel prices are around 3.50 a gallon. Therefore, if smart you play the game with reality and reality is gold went much higher since this ridiculous thread was initiated. Basically, most folks still don't understand what is occurring in the world and therefore are setup to lose even more of there wealth before the world turns again.

[lifewasgood]

Or perhaps putting away some silver eagles every payday.

[lifewasgood]

QE3 could possible double silver again!

[lifewasgood]

Reality sucks, but until we the people stand up and demand real money, the BS will continue. Time for the dollar to be placed on gold and silver backing. End the FED and put monetary policy back at the Treasury as the Constitution says. Times are going to get tougher before they get better I predict. Do I want that, o hell no, but it is reality.

[lifewasgood]

We can't resume a gold or even bi-metalic standard because the volume of business in today's world is too high.

This statement makes absolutely no sense to me. Please enlighten me on why?