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Blogs \ Bailout blow triggers ...
SCTV @ 30th September 2008 12:26.
Bailout blow triggers ...
I am swapping cash for gold at the moment,

If by any chance the US pass the bill it would stop the panic on wall street.
but we all know it would not solve the actual problem with our existing maket rules
700 b = US time buyer for 3-6 months

if this happens I will lose short term and that means I have to stay in gold

but what then? New WTO financial banking trade agreements ?

inflation for all currencies is immanent if most Govt's print money to help or save failed private financial institutions.

long term i think gold is an option, it's not money that I really am using for anything and was just sitting around in a Bank acc doing nothing.

Before inflation eats it up I'd rather take my chances!

 


2 months ago
#1 Kusel (GosuCrew) 22
Gold is no option at the moment. the Price is not real and just been created cause of the fear of loosing the money.

2 months ago
#2 SCTV 4
tell that the market....... order time 4 weeks and rising ......luckily i bought the stuff before the time factor has come into play!


if your looking into gold for speculation reasons than gold is no option.

check out the Data chart for the past 10 years and cry this is long term, because currency inflation is a fact!

An alternative to buying gold instead over the house-bank is:

http://www.bullionvault.com

but you have to trust them and cant take it home in the same way possible as buying in the bank without a time limit!

- you can't even buy gold on the spot without order-risks anymore....
- short selling is stopped on some markets

2 months ago
#3 Kusel (GosuCrew) 22
tbh in germany we have a really solid bank section. i dont see our banks falling (at least the bigger ones) like the "sparkassen" and "Volksbanken". and for sure "die Detusche Bank".
i dont feel scared losing my money there...
so gold isno ption for me ;D

but u are form gbr or usa i think , so gold was a good option for u, luckily u bough it when the price was down ;)
2 months ago
#4 SCTV 4
yes the solid German bank system only just caused a debt of around €1700 debt for every working tax payer in Germany, if the Govt bail out of Hypo will created more losses, then the Govt Credit guarantee's given will have to be paid into the markets! (roughly 1 months NeT income per taxpayer)

The hypo bail out already has caused inflation and will cause more because €'s were created from the middle class wealth that are already fighting against inflation, higher fuel,food and energy costs, while fighting to finance their private pensions.

If the same should happen again with a few other banks in germany then the effects of this deal will become a bigger problem then you can imagine.

Basically the Govt has made every Taxpayer to a market creditor. The Govt will try start to pull in all local States in on the deal that will cause cash flow problems in the local cities and communities. Meaning more CUTS/CUTS/CUTS

The German model seems solid and better than the US model but that obviously didn't stop this to happen or happen again!
1 month ago
#5 hardgayterran 5
bail outs are for girly man. That is what Arnold says.
 

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