iCharts Discussions

[rk_a2003]

So! Even you can't escape without having physical possession of precious metals....True..It's a simple logic ....Not a rocket science....

Till date I am thinking i can get out before that happens....It could very well prove foolish too.

Alas! Even I don't have a vault at home.

Ajay! You are making my life miserable man.

Physical possession ...safeguarding it.....procuring a gun…..oh!

Any solution?....other than this.....seriously.

Also consider this Chavez recalled his countries gold. India and Iran oil trade will be settled in part gold and part rupees. Iran may not accept it without physical delivery of gold, taking cue from Chavez. There will be an increase in Indian gold drawings.

More and more countries may resort to gold medium. Petro dollar may vanish in future. Then there is a chance of discovering real value of the dollar.

Earlier there was an alternative in the form of Euro. It was so brutally beaten down by US that now no one dare to consider it as an alternative.

So Gold is the only alternative left. We may see a gold rush in the coming days.

Add another factor western banks who were on huge shorts will be forced to cover up... then…….Sky is the limit for Gold and silver.

The above scenario is possible only when US is a mute spectator. Will it be?!.They don’t hesitate to impose a war up on the world rather than losing authority.

If there is a war then.....???



P.S: During October-December China outnumbered India in gold buys. This is the first time India dropped to second position in gold consumption.

Are Chinese proving a point that they are smarter?

In India Purchase in jewelry segment fell by 14% in contrast purchase of Bars and coins grew by 5%( maybe it’s because of smart investors buying)

[vinay28]

you can go and live in a cave!

[rk_a2003]

Thanks Vinay!....Brilliant idea!

Wait......Then there also I may need a gun to protect my cave residence....not so brilliant...sorry!

[psalm]

Thank God, for not giving much idea about these things to me.....Thank God, for giving me common sense......Thank God for making me happy.....

[rk_a2003]

[psalm]

[rk_a2003]

[ajayhkaul]

While someone seems to have blinked at 5600 NS, this should keep you entertained :

Robert Kiyosaki is one of my favorite authors , BTW

http://www.youtube.com/watch?v=VkelAtEZMAg

So Sam , we hope all goes well , but no harm being aware of the pitfalls and snake pits etc

[ajayhkaul]

He predicts that economic, financial and demographic trends will provoke a political and social crisis in the U.S. When the going gets tough, he says, wealthier states will withhold funds from the federal government and effectively secede from the union. Social unrest up to and including a civil war will follow. The U.S. will then split along ethnic lines, and foreign powers will move in.

California will form the nucleus of what he calls "The Californian Republic," and will be part of China or under Chinese influence. Texas will be the heart of "The Texas Republic," a cluster of states that will go to Mexico or fall under Mexican influence. Washington, D.C., and New York will be part of an "Atlantic America" that may join the European Union. Canada will grab a group of Northern states Prof. Panarin calls "The Central North American Republic." Hawaii, he suggests, will be a protectorate of Japan or China, and Alaska will be subsumed into Russia.

"It would be reasonable for Russia to lay claim to Alaska; it was part of the Russian Empire for a long time." A framed satellite image of the Bering Strait that separates Alaska from Russia like a thread hangs from his office wall. "It's not there for no reason," he says with a sly grin.

Interest in his forecast revived this fall when he published an article in Izvestia, one of Russia's biggest national dailies. In it, he reiterated his theory, called U.S. foreign debt "a pyramid scheme," and predicted China and Russia would usurp Washington's role as a global financial regulator.

Americans hope President-elect Barack Obama "can work miracles," he wrote. "But when spring comes, it will be clear that there are no miracles."

He is Russian and his name is Prof. Panarin.

The professor says he's convinced that people are taking his theory more seriously. People like him have forecast similar cataclysms before, he says, and been right. He cites French political scientist Emmanuel Todd. Mr. Todd is famous for having rightly forecast the demise of the Soviet Union -- 15 years beforehand. "When he forecast the collapse of the Soviet Union in 1976, people laughed at him," says Prof. Panarin.

U(nited)SA or D(ivided)SA ???

For a decade, Russian academic Igor Panarin has been predicting the U.S. will fall apart in 2010. For most of that time, he admits, few took his argument -- that an economic and moral collapse will trigger a civil war and the eventual breakup of the U.S.

Prof. Panarin, 50 years old, is not a fringe figure. A former KGB analyst, he is dean of the Russian Foreign Ministry's academy for future diplomats.

[ajayhkaul]

The Greatest Gun Salesman In America: President Barack Obama

"Lip service to gun owners is just part of a massive Obama conspiracy to deceive voters and hide his true intentions to destroy the Second Amendment during his second term. We see the president's strategy crystal clear: Get re-elected and, with no more elections to worry about, get busy dismantling and destroying our firearms' freedom, erase the Second Amendment from the Bill of Rights and excise it from the U.S. Constitution...When the sun goes down on election day Barack Obama will have America’s gun owners to thank for his defeat.” -
Wayne LaPierre, CEO of the NRA, February 10th, 2012

Meanwhile , take a look at the ARMY of citizens in the US
http://ammo.net/obama

Igor Panarin maybe right ...all the ingredients are in place for disintegration of US including armed and dangerous citizens......

as soon as the ponzi scheme/fiat currency jig is up .

[ajayhkaul]

In case you were wondering , here is the update on Gold and Silver spot:

[ajayhkaul]

Consider this view : Reasons Why Gold Is ZOOMING


1. The euro is a dead duck. Expect sovereign defaults from Ireland to Slovakia in 2012, driving panicked investors into the arms of gold.

2. Asia cannot feed itself. Food shortages lead to huge social unrest and panic gold hoarding.

3. China will shake the dollar tree. China remains unable to supplant the dollar’s role as reserve currency, but it will flex its muscles, sending investors skittering for gold.

4. So debased is the dollar, there’s only gold left as a viable currency. Central Banks are already reversing their dump-gold policy and are becoming net buyers.

5. Us or them. Fiscally healthy countries, fed up with supporting sick ones, and sick ones, fed up with onerous repayment terms, split the world, sending gold sky high.

6. No one trusts the Swiss… not even the Swiss.

7. With 10 million homes and $1.5 trillion in potential losses facing banks, a massive new bankquake is now ready to rock the American system.

8. Eleven states OF US are technically bankrupt and must acknowledge the fact soon… or simply cease to function as independent entities.

9. Zero evidence of budgeting restraint in Washington.


10. Forced to beg from overseas creditors to keep afloat, yields skyrocket drastically in the months ahead.

11. It worked for Zimbabwe. Inflation of 10%, 20%, 50% or higher becomes the only course open to the Fed, which must close shop and leave town in shame during the 2012 election.


Gold -- the greatest trade ever?

John Paulson made his way into the financial history books thanks to what many now call the "greatest trade ever".

Paulson & Co. shorted the subprime mortgage market before the collapse banking a $15 billion gain.

So when Paulson went big again by buying gold in 2009 and 2010, investors took notice.

At the time he said, "As an investor, I became very concerned about having my assets denominated in U.S. dollars," Paulson told his audience. "So I looked for another currency in which to denominate my assets in. I feel that gold is the best currency."

In fact, Paulson's holdings in the SPDR Gold Trust (NYSE: GLD) make his firm the biggest stakeholder in this ETF, with a position currently valued at $2.9 billion.

So that begs the question....

Is Paulson still a gold bull?

In a recent letter to investors he wrote, "By the time inflation becomes evident, gold will probably have moved, which implies that now is the time to build a position in gold."

And he's not alone.

Recent filings showed that another legendary hedge-fund investor, George Soros, has nearly doubled his stake in GLD to 85,450 shares.

But "Bond King" Bill Gross's latest words and actions may well be the most significant of all."Recent central bank behavior, including that of the U.S. Fed,... may as well induce inflationary distortions that give a rise to commodities and gold as store of value alternatives when there is little value left in paper."

Last year global demand for gold hit the highest level since 1997 - 4,067.1 tonnes.

Most of the gains are thanks to a 5% increase in investment demand which largely originates in Asia.

What's especially eye-catching is the stepped-up buying by central banks.

Last year, they bought 439.7 tonnes, which is six times the level in 2010, and the most since the gold standard ended in 1971.

According to the World Gold Council (WGC), China became the largest gold market in Q4/2011, overtaking India's top seed, and soaking up 770 tons for the year.

Seeking Shelter in Gold

None of this should come as much of a surprise.

China in particular, holds a $1.1 trillion hot potato in U.S. debt. But China's U.S. debt holdings have declined by $73 billion since July. Russia's holdings have also seen a significant decrease to $88 billion from $127 billion last March.

Increasingly, emerging market central banks have been the most aggressive buyers of gold.

According to the WGC central banks are wary of the reserves they hold, most of which are denominated in fiat dollars and euros. Ongoing sovereign bond downgrades and low yields have helped push developing nation central bankers to seek shelter in gold.

Large holders of quickly depreciating western debt are becoming apprehensive. They're looking for alternatives that will retain and grow their value.

There are ever more attempts by eastern creditors at buying up hard assets.

So expect stepped-up efforts by developing nations' central banks to acquire and hoard gold.Also expect Asian companies and sovereign wealth funds to buy significant stakes in hard assets like energy, base metals, and especially gold producers.

As the demand for gold continues to climb, its scarcity will become a major factor. Those who want exposure to gold will look progressively toward gold stocks.

[ajayhkaul]

The Chinese economy will be the next great world economic power? While many still view China as mainly an export economy, the Chinese economy is already beginning to show that it is much more than that.


The Chinese economy is experiencing real wage inflation and that, in just a few short years, there will be no great cost advantage to manufacturers setting up in China as opposed to other major industrialized nations.


This means that the Chinese economy can’t rely on its cheap labor as the sole means of attracting investment, because their labor costs will soon be comparable to labor costs of other developed nations. So what are the Chinese doing about this?

Just this week, China opened its first car assembly plant in the European Union, in Bulgaria. Yes, a Chinese car manufacturer chose Bulgaria as its base from which to sell cars in the European Union, because of its low labor costs, low taxes, and well-educated workforce.


Where have we heard that before! Only a few short years back, it was U.S. and European car manufacturers and companies setting up in China. The tables have turned. The Chinese economy has grown up.


The plant will be jointly operated by China’s Great Wall Motor Company and Bulgaria’s Litex Motors, just as other multinationals created joint ventures within China. The plant will eventually assemble 50,000 cars per year, and will initially sell in Bulgaria and neighboring Eastern European countries. The plan is to expand into the European Union.


Within the Chinese economy, all Chinese automakers are expressing their desire to gain long-term strategic positions within Europe and the U.S.
This is just the latest venture into Europe. In 2010, China’s Geely Automobile Holdings bought Volvo from Ford Motor Company (NYSE/F), while the Chinese economy’s largest carmaker, Chery, owns a share of a Fiat plant in Italy.

When people ask where the next great multinational companies will come from, don’t forget about China. The Chinese economy has grown to the point where powerful companies have now emerged and are ready to take on the world.

These Chinese companies are not just talking about it; they are taking action and making moves across the globe. The long-term picture for Chinese companies looks very bright. They have the money and are investing throughout the world in order to maintain strong earnings growth.
The Chinese economy and the companies within it are going to challenge the multinationals of both the U.S. and Europe.

[vinay28]

That chinese economy may boom is not a dangerous thing to the world. The real problem is the economic war it has started about 10 years ago when they started buying stake in world's natural resources, particularly in Africa, the last frontier.

[rk_a2003]

The market economies don’t stop with just booming. Their thirst never quenches. And seek more and more markets, in the process clash with existing and established powers…………. thus creation of wars. The exact reason for 1st and 2nd World Wars was the same.