Search found 1675 matches

by murphy_p_t
Fri Jan 18, 2013 1:13 pm
Forum: Gold
Topic: Biggest Event in Gold since 1971?
Replies: 32
Views: 13039

Re: Biggest Event in Gold since 1971?

"Interestingly, neither the New York Fed nor the Banque de France charge Germany to store its gold."
http://www.forbes.com/sites/afontevecch ... cy-crisis/
by murphy_p_t
Thu Jan 17, 2013 3:32 pm
Forum: Gold
Topic: Biggest Event in Gold since 1971?
Replies: 32
Views: 13039

Re: Biggest Event in Gold since 1971?

http://kingworldnews.com/kingworldnews/ ... age_1.html

Turk says public reason given to leave gold in NY is false.
by murphy_p_t
Thu Jan 17, 2013 1:21 pm
Forum: Other Discussions
Topic: How to Deal with Dumb People
Replies: 20
Views: 9438

Re: How to Deal with Dumb People

this article was linked on drudgereport

http://www.myfoxchicago.com/story/20601 ... vel-report
by murphy_p_t
Wed Jan 16, 2013 2:02 pm
Forum: Other Discussions
Topic: How to Deal with Dumb People
Replies: 20
Views: 9438

Re: How to Deal with Dumb People

Two examples, which shatter this thesis: Ben Shalom Bernanke, Paul Krugman Yet, arguably, they are both leading experts in their field: 1. Example - Ben Bernanke's controversial QE programs have prevented what could have been a deadly depression and instead turned it into a relatively soft extended...
by murphy_p_t
Wed Jan 16, 2013 1:52 pm
Forum: Gold
Topic: Biggest Event in Gold since 1971?
Replies: 32
Views: 13039

Re: Biggest Event in Gold since 1971?

However I still think it shows that gold is not the "worthless" metal people believe because these major central banks certainly think it's important to hold in their reserves. Someone claiming gold is "worthless" is either woefully ignorant or a propagandist. Your cartoon illus...
by murphy_p_t
Wed Jan 16, 2013 1:50 pm
Forum: Gold
Topic: Biggest Event in Gold since 1971?
Replies: 32
Views: 13039

Re: Biggest Event in Gold since 1971?

some leaders die after asking for their gold
http://kingworldnews.com/kingworldnews/ ... _Gone.html
by murphy_p_t
Wed Jan 16, 2013 1:13 pm
Forum: Other Discussions
Topic: US employee outsources his own job to China
Replies: 5
Views: 2549

Re: US employee outsources his own job to China

My company already does this, essentially. They use U.S. engineers as program managers and outsource FEA, CAD modeling, drawings, and other analysis work. It's not a bad system. How does the next generation  learn the ropes to become project managers? What happens to the company's market for their ...
by murphy_p_t
Wed Jan 16, 2013 12:53 pm
Forum: Other Discussions
Topic: Where is the Inflation?
Replies: 22
Views: 5899

Re: Where is the Inflation?

The inflationists' mostly unasked and unanswered question is IMHO: Where will the consumers get the money to pay the higher prices that would accompany significant and sustained increases in the rate of inflation? The answer, of course, is through rising wages or expanding credit levels, neither of...
by murphy_p_t
Wed Jan 16, 2013 12:21 pm
Forum: Gold
Topic: Biggest Event in Gold since 1971?
Replies: 32
Views: 13039

Re: Biggest Event in Gold since 1971?

I've seen they're to pull all the gold from France...I didn't see how much they want from NY Fed? They are requesting half, so about 1500 tonnes from NY Fed.   Scratch that, I think the news is still trying to be distilled.  Last I read it is 300 tonnes from NY and 374 tonnes from Paris. http://www...
by murphy_p_t
Wed Jan 16, 2013 12:16 pm
Forum: Gold
Topic: Biggest Event in Gold since 1971?
Replies: 32
Views: 13039

Re: Biggest Event in Gold since 1971?

This story/rumor, in my mind, is why HB recommended hold your gold in physical.
by murphy_p_t
Wed Jan 16, 2013 12:13 pm
Forum: Bonds
Topic: LTT during great depression...did this balance the crash of the stock market?
Replies: 4
Views: 2580

LTT during great depression...did this balance the crash of the stock market?

I was just reading that the S&P declined 85% during the Great Depression. I then found this chart to look at the 30 year bond. http://www.ritholtz.com/blog/2011/03/200-years-of-us-government-bond-yields/ Suppose an investor during that period (late 20s thru WWII) held 50% stock market & 50% ...
by murphy_p_t
Wed Jan 16, 2013 12:48 am
Forum: Gold
Topic: Biggest Event in Gold since 1971?
Replies: 32
Views: 13039

Re: Biggest Event in Gold since 1971?

"The move marks an extraodinary breakdown in trust between leading central banks..." This is a key point, I think, even if NY Fed delivers all the German gold requested when they want it. I read somewhere that a big part of the 2008 crisis was banks not trusting other banks for (overnight?...
by murphy_p_t
Wed Jan 16, 2013 12:43 am
Forum: Gold
Topic: Biggest Event in Gold since 1971?
Replies: 32
Views: 13039

Re: Biggest Event in Gold since 1971?

I've seen they're to pull all the gold from France...I didn't see how much they want from NY Fed?
by murphy_p_t
Wed Jan 16, 2013 12:26 am
Forum: Gold
Topic: Biggest Event in Gold since 1971?
Replies: 32
Views: 13039

Re: Biggest Event in Gold since 1971?

I'm wondering if this creates a buying opportunity in some way, such as a gold fund priced in euros. I doubt it would as the gold is not going on the market and the news is already out. Plus unfortunately the sources of the news so far tend to use a lot of hyperbole in these matters (ZeroHedge, etc...
by murphy_p_t
Wed Jan 16, 2013 12:22 am
Forum: Other Discussions
Topic: How to Deal with Dumb People
Replies: 20
Views: 9438

Re: How to Deal with Dumb People

I'm highly skeptical of this notion of spending lots of time on something makes you an authority/expert. Two examples, which shatter this thesis: Ben Shalom Bernanke, Paul Krugman You can be "expert" and still have all the wrong answers. I thikn it a huge mistake to treat people like this ...
by murphy_p_t
Fri Jan 11, 2013 1:49 pm
Forum: Variable Portfolio Discussion
Topic: How much can you afford to lose?
Replies: 21
Views: 8398

Re: How much can you afford to lose?

flyingpylon...if an investment doubles, you might consider taking out 1/2 of your money (your orig. investment) and let the rest run? Lots of volatility in your VP...what kind of stocks have you invested in giving those swings? My mining stocks have been volatile, but in the wrong direction of last ...
by murphy_p_t
Fri Jan 11, 2013 1:40 pm
Forum: Bonds
Topic: Could Cash be the best asset in 2013 through 2014?
Replies: 30
Views: 13581

Re: Could Cash be the best asset in 2013 through 2014?

systemskeptic...2009 would have been a great entry point for this portfolio. It seems like you reject the philosophy of the PP, in particular the caution against looking at assets in isolation. I share that temptation, as I expect most investors do. However, seeing the LTT performance in 2008/2009 a...
by murphy_p_t
Fri Jan 11, 2013 2:03 am
Forum: Bonds
Topic: Could Cash be the best asset in 2013 through 2014?
Replies: 30
Views: 13581

Re: Could Cash be the best asset in 2013 through 2014?

I swapped the Cash portion for Gold, and the LTT portion for Foreign Equities, so it ends up something like 30% Foreign Equities, 20% Domestic Equities, 50% Gold. I find this fascinating. PP 2.0 or PP for QEternity ? What is your rebalance strategy, if any? What are the theoretical underpinnings of...
by murphy_p_t
Wed Jan 09, 2013 12:31 pm
Forum: Other Discussions
Topic: on-line dating
Replies: 62
Views: 19048

Re: on-line dating

That's sort of like a man saying "Well, you're really a perfect woman in almost every way.  You're smart, attractive, funny, charming, and you really seem to love me, but the problem is you have a C cup size, and I am looking for a woman with a D cup, so I just don't think it's going to work o...
by murphy_p_t
Wed Jan 09, 2013 10:53 am
Forum: Other Discussions
Topic: Communism, Fascism and Liberals Now
Replies: 19
Views: 5723

Re: Communism, Fascism and Liberals Now

I don't know enough about corporations and limited liability. Isn't the corporate structure needed to get the economic growth that the US developed over many decades, along w/ private property rights? I do share your concerns about a shell corporation rolling into town, polluting the local waterway ...
by murphy_p_t
Wed Jan 09, 2013 1:51 am
Forum: Other Discussions
Topic: Communism, Fascism and Liberals Now
Replies: 19
Views: 5723

Re: Communism, Fascism and Liberals Now

The problem with American Libertarianism of the Cato Institute, Von Mises, Ayn Rand variety is that it appears to advocate preserving government protection of the corporate big-firm capitalist structure, while at the same time removing any social or organizational protection for citizens and worker...
by murphy_p_t
Tue Jan 08, 2013 9:14 pm
Forum: Other Discussions
Topic: on-line dating
Replies: 62
Views: 19048

Re: on-line dating

I almost hate to ask, but...  how does a loser like Jacob manage to attract that many seemingly professional women when they're picky as hell to begin with?  What am I missing? I got the impression he was lying.  It would have been interesting to interview the women he was with, to see if they were...