gmane.comp.finance.gold-silver-crypto

[gsc] gold interest rates > dollar interest rates

This is so startling it makes me wonder whether Kitco is posting bad
data, but according to their website today:

October 07, 2008
  	  		Change
1 m 	2.6971% 	+0.8379
2 m 	2.7584% 	+0.8346
3 m 	2.8843% 	+0.8205
6 m 	2.5449% 	+0.7341
1 y 	2.4243% 	+0.6718

Since the US federal funds rate is 2%, this means you'll pay more
interest to borrow gold from a bullion bank than to borrow dollars from
the Fed.  Couple months ago short-term gold interest rates were
negative.  They were paying people to borrow it.  Today it looks like
they don't want to let it out the door any longer.  I can't recall the
last time the first digit wasn't a zero, let alone a two.

Cheers,

-Kevin

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jpm | 7 Oct 21:39

[gsc] "Oh my gosh -- DO YOU THINK?"


You will remember this headline for the rest of your life  :)

ready?  click ..

http://money.cnn.com/2008/10/07/news/economy/bernanke_speech/?postversion=2008100714

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Raven Escrow | 7 Oct 19:50

Re: [gsc] Goodbye USD, hello Amero

Info request for USians:

What are the reporting limits for buying bullion/coins? Walk in and
pay cash for how much metal?

Thx.

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R.A. Hettinga | 7 Oct 14:58

[gsc] The Dismal Questions


In case you didn't already know that "economics" is merely finance for  
politicians.

These look like bluebook exam questions than debate topics to me:

"Bush lied and people died / Obama is a kleptocratic demagogue.  
Discuss."

Cheers,
RAH
Who was, through mere accident of religion , actually at Glenn  
Hubbard's wedding...
--------

<http://www.nytimes.com/2008/10/07/opinion/07intro.html?th=&emc=th&pagewanted=print 
 >

The New York Times

October 7, 2008
OP-ED CONTRIBUTORS
The Dismal Questions
By JOSEPH E. STIGLITZ, R. GLENN HUBBARD and MYRON S. SCHOLES

John McCain and Barack Obama will meet tonight in Nashville for the  
second presidential debate. As Americans worry about a confusing  
federal rescue plan, a falling stock market and a financial crisis  
that is spreading across the globe, the editors of the Op-Ed page  
asked three economists to suggest the questions they would most like

(Continue reading)

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R.A. Hettinga | 6 Oct 22:10

Fwd: [gsc] Survival Kit List and Links


Begin forwarded message:

From: "R.A. Hettinga" <rah@...>
Date: October 6, 2008 4:09:38 PM GMT-04:00
Subject: Fwd: [gsc] Survival Kit List and Links

Begin forwarded message:

From: "G. Gruff"
Date: October 6, 2008 3:57:29 PM GMT-04:00
To: "R.A. Hettinga" <rah@...>
Subject: Re: Fwd: [gsc] Survival Kit List and Links

Good List, RAH 'n'all...but it was lacking....

I would suggest (as per my own inventory)
1 ea. Garand 30-06 (hunting.....or "reprimand")  500 rds of Ammo
    (Or if you're younger, a standard '06 or 308 semi-auto that is
     reasonably accurate)
1 ea wheel gun, large caliber  (I prefer the 41 magnum, myself)
1 ea semi-auto handgun 500 rds ammo (I prefer the Corp's workhorse,  
the 92FS,
      but others prefer the Glock)
1 packable 380 auto
Frangible ammuntion for handguns (1 load each) - keeps neighbor's safe
Powder, Press, dies, primers, slugs, shells (for barter and for  
reloading)

Adjust rifles and handguns (2nd set) to bride (30 carbine, 38 special

(Continue reading)

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Robert dCZ | 6 Oct 20:57

Re: [gsc] Fwd: [IP] Value of the dollar

> exactly, I meant to say "is that about right?"  

It's spot on.

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ccspencer | 6 Oct 20:54

[gsc] BVL news

FYI: 

Every issue that has traded today (except Coca Cola) on
the Lima Stock Exchange has fallen 5-10%. 

Best, 

CCS 

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**************************************
*                                    *
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*      ccspencer@...        *
*                                    *
**************************************

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Robert dCZ | 6 Oct 19:35

Re: [gsc] Fwd: [IP] Value of the dollar

> There's a massive flow of funds out of equities, and it is going in to
> bonds.
>
> US bonds remain the most popular, so that makes the USD run up a bit.

Which is pretty much what I said, innit?

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Robert dCZ | 6 Oct 18:57

Re: [gsc] Fwd: [IP] Value of the dollar

Okay, here is the simple explanation for the rise of the Dollar,
relative to most other curencies:

Banks and Funds are pulling out of equity and have to do something
with the cash. They can not put it into anything long-term and they
can't lend it to one another, so they buy bonds.

Most managers are looking at Europe and then at the US and see that
the latter is throwing away future tax revenue to 'protect' current
interests, while the EU countries are reluctant to work together
(rightfully and for obvious reasons so) to throw around money. While
this latter approach makes more sense, it also undermines the EUro as
no coherent policy is possible.

So they hedge their bets with buying US Treasury Bonds, thus
increasing demand for Dollars, which drives up the price. They are
also buying German Bunds, but next to no other EU paper, and the US
purchases outstrip the EU purchases.

In short, the Dollar goes up, because everything is a mess and the fat
cats in Washington are more trustworthy than the fat cats elsewhere in
terms of predictable greed and thus in them honouring their bonds.

Cheers,
Robert.

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Jeffrey Lyon | 6 Oct 17:19

Re: [gsc] 9% in 4 1/2 hours ..

The best time to buy is when there is blood in the streets!

Jeff

On Mon, Oct 6, 2008 at 6:18 PM,  <jpm@...> wrote:
> apparently the DOW just dropped 9% in 4.5 hours of trading - you can see it
> on a 2 day or 5 day chart.
>
>
> gee, I wonder if that bailout vote is not working so well.
>
>

--

-- 
Jeffrey Lyon, President
Level III Information Systems Technician
jeffrey.lyon@... | http://www.blacklotus.net
Black Lotus Communications of The IRC Company, Inc.

Talk for 4h 45m from the U.S. to Latin America for $10.00:
http://www.defensecalling.com

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jpm | 6 Oct 17:17

[gsc] 9% in 4 1/2 hours ..

apparently the DOW just dropped 9% in 4.5 hours of trading - you can 
see it on a 2 day or 5 day chart.

gee, I wonder if that bailout vote is not working so well.

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