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..oh wait never mind its you, i respect all your posts because they all make perfect sense, hey you still never responded to your explanation on why Mexico and USA are similar.
Agree. There have been other instances besides WWII where Switzerland was just dandy while the rest of Europe was mostly a mess. Recent times come to mind...
Umm hello knock America is currently booming and getting much better unlike European countries are deficit is going down our unemployment rate is going down, companies are moving back to the USA at this moment...countries that are collapsing are the UK, France, Greece, Italy and more...
I know there has been a slowdown in the Frenche and UK economies over recent years (like most other Euro nations) but theyre hardly in the same boat as Greece and Italy.
The poorest countries will remain pretty much as they are now. Countries that currently have a very limited energy footprint might not notice much difference at all. Even Mexico, where much of the population consumes unprocessed food that is grown nearby, with little application of chemicals, and the electrical consumption of many houses is just a couple of light bulbs, and heating and air conditioning are absent in a great majority of homes, and there is a well-developed public transportation infrastructure already in place. Of course, urban Mexicans, accustomed to big city life, will not fare as well as those in the pueblecitas.
Go a couple of steps further down the ladder, and people in countries like Malawi might not even be aware that there has been a meltdown.
I agree man... In many poor places, most people don't really notice recessions or booms because life is always hard!
I know there has been a slowdown in the Frenche and UK economies over recent years (like most other Euro nations) but theyre hardly in the same boat as Greece and Italy.
Remember the guy you encouraged to buy gold back in December?
Quote:
Originally Posted by MissionIMPOSSIBRU
Based upon physical demand in London, COT data and evidence of capping algorithms in place to diminish the price of PMs I would say this bull run still has a long long way to go. I'm so far unconvinced by arguments that gold is somehow in a bubble or is about to tank. Any notion that the spot price of gold is somehow behaving as it should be is quickly extinguished by sitting in front of trading desk for a few hours.
Since then the gold price has fallen to a 3 year low!
So now that Dr Gold is the new short-sellers dream, what is it that you're proposing Dr Copper is telling us?
Do you know anything about how the metals market works?
The current spot price of gold is maintained by (very illegal) concentrated naked paper short positions in a fractional paper bullion market that is leveraged 100:1. In other words, it is currently set by contractual IOUs for gold, most of which are not backed by actual physical gold. This "paper market" has now become disconnected from the fundamentals of physical supply and demand.
That's why with the recent drop in the paper price we are seeing the following:
(1) A divergence between Physical and Paper (ETF) Gold trading:
(2) Exploding premiums for physical gold on the back of very heavy demand:
From this (October 2012): U.S. Banks 40,625 (Gross Long) 146,809 (Gross Short) Non U.S. Banks 34,881 (Gross Long) 113,445 (Gross Short) TOTAL 75,506 (Gross Long) 248,254 (Gross Short)
To this (A few days ago): U.S. Banks 69,565 (Gross Long) 24,939 (Gross Short) Non U.S. Banks 34,904 (Gross Long) 58,565 (Gross Short) TOTAL 104,560 (Gross Long) 83,859 (Gross Short)
(7) Accelerating backwardation:
If you don't know what this means, let me put it more simply...
We're seeing an all-out war on gold by central banks (operating through unaccountable Exchange Stabilization Funds), in a bid to to maintain the monetary status quo, about to backfire in a spectacular way. The "smart money" and big investors are still buying and holding gold throughout this "correction" because they know what the long term trend for physical gold will be. A default in the Comex or LBMA (the exchanges for paper gold contracts) due to depleted gold inventories may be a flashpoint for a widespread monetary "black swan". That's why what we're seeing in the gold markets is a very dangerous situation for the global financial system.
Andrew Maguire - former Goldman Sachs precious metals trader and whistleblower - explains the implications of a LBMA/Comex default and manipulation in the PM market.
Last edited by Citizen401; 07-11-2013 at 01:42 AM..
Canada has a strong banking system, educated and diverse labour force, incredibly resource rich (worlds second largest country) with a relatively small population for such size. Not to mention a market on our border that is the worlds most important economy and is 10 times our size population wise who need our stuff.... I think we'll be just fine actually.
Quote:
Originally Posted by blan
I know a few people who want to migrate out of the USA before the collapse and they want to go to Canada. i told them i would not trust their economy but they seem to feel that it will fair well. i dont know maybe they are right but i have many doubts about Canada.
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..oh wait never mind its you, i respect all your posts because they all make perfect sense, hey you still never responded to your explanation on why Mexico and USA are similar.
Worked in WWII.
no sarcasm
