iCharts Discussions

[rk_a2003]

"Gold and silver have most of the properties. When the right time comes (and I hope it doesn't), people will realise too late that they don't have one essential property and that is you can't eat them. Much before that all monetory linkages with gold and silver would have been gone.

For the sake of doomsday scenerio, barter will be only in fuel, food, water and essential goods such as medicine. "


Well said Vinay!

[pkholla]

ajayhkaul: please provide us your views on other precious metals like platinum, palladium (selling at 1/3 the price of gold), osmium, iridium. these are rather difficult to buy in India i know but we all have US/ Europe based relations we can tap! {My personal view is that these metals will play catch up sooner or later (just like silver chasing gold) and a 50gm ingot would look nice in our investment portfolio!!!} Regards Prakash Holla

[ajayhkaul]

The greatest scam ever perpetuated on earth was when industrialization started and our forefathers who were essentially fishermen/farmers etc were lured into jobs ie factories/plants/services etc and they dropped their agricultural lands and vocations.

Now most of us dont produce things that we can eat ! So we need to buy them from people who do and thats how a massive wealth transfer can take place ie pay in gold for what you want to eat or drink. Of course you cant eat gold , but people are willing to part with produce in exchange.

What if they dont ? well thats what guns are for , arent they ? why do you think americans have bought guns recently ? to protect their gold and other assets and even their land . And also to loot and plunder ,if need be.

Read my blog -- 7 meals to anarchy ,posted some months back.

Expecting urbanised labor force to suddenly have to produce what they can eat is a tough one .

Dog eat dog situation , eh?

[ajayhkaul]

[vinay28]

Never before in history so much (preposterous amount of) money has been printed

Indeed......... a man made blackhole from where nothing comes back till the next big bang. Except that it will be well nigh impossible to rise from the ashes!

[chrome]

Hi,

unfortunately, for most of us who cant leave a lot of land, orchids to our children and grandchildren...we can gift them some shares of suzlon, indowind, cairn, kaveri seeds, biocon,piramal...but in a systematic way

[rk_a2003]

[ajayhkaul]

[ajayhkaul]

[ajayhkaul]

Just in case you are curious who has bought gold : it is the emerging economies.

Governments have secretly been boosting their gold buying. While we were tracking how quickly the euro is disintegrating, governments were buying five times more gold and gold bullion in 2011 than in 2010.

They now have more than 30,788.9 metric tons hidden away in vaults, and they're expected to buy another 190 metric tons in the first half of 2012.

Turkey added 63 metric tons of gold between October and November 2011. Thailand bought 52.9 metric tons in 2011. South Korea bought 40 metric tons, and Russia bought 65.2 metric tons!

Together these countries make up more than half of all the gold buying in 2011. That is a huge statistic...

Think about this for a second. If Thailand bound all that gold on the spot market today, it would spend $3.22 billion, or nearly 15% of its entire GDP growth in 2011.

Russia's been a big buyer of gold since the second half of 2006, and China bought 454 metric tons between 2003 and 2009.

Meanwhile developed economies have been selling gold. Germany dumped almost 166,000 ounces last October and more than 169,000 ounces in 2010. France sold 56.7 metric tons of gold in 2009, worth at today's( 27 jan 2012) price $3.45 billion.

I bet they wish they had that back now, eh?

[vinay28]

India should confiscate all the personal gold! Only problem is, it will go into politicians' pockets

[rk_a2003]

The big picture is alarming…..No doubt about it. What the small picture is saying. Stream of fund flow inwards is strong. Most of the scrip’s went up vehemently from the bottoms. Nifty hardly moved 15% from the recent bottom it made in December and many scrip’s moved up more than 30 %.And most of the scrip’s displaying breakouts upside.

Majority of the experts are expecting a correction. Technically speaking market is ripe for correction. But if the liquidity continues it may absorb all the selling that is going to be triggered on technical basis. In that case corrections could be limited to intraday and market may continue its upward journey with intermittent consolidations.

SBI and ICICI bank results are also going to play a crucial role in deciding immediate market direction. Looking at the events that are unfolding I am getting a feeling that markets are poised for jacking up. Reliance posted a bad result and fortified from going down with Buy back lasting for a year and whenever market appears tired or technically oversold Reliance is coming for its rescue by moving itself up (or being moved up ).The mighty force controlling the markets is really keen for not letting the market display any kind of weakness which may trigger fierce selling and may let it go out of its control.

It appears to me that in short term markets may move up .The question is till what level? May be till most of the people give up their grand bearish big picture. It may turn out to be really frustrating for Bears.

How to play with these counter posed long term and short term pictures .Here comes the individual efficiency to read the events as and when they emerge. Our collective effort may help us to plug in our short comings and act more efficiently to protect our capital and deploy it in an efficient way.

Remember…….As Ajay said it’s a fierce battle between the worst fundamentals and the Mighty powers that are trying to overpower the fundamentals which might be quite possible for a shorter term and impossible in a longer term.

And it’s not an easier task to protect yourself and coming out without getting hurt.

[vinay28]

Feb 3 to 7 (at the most 10) is crucial! Watch out

[rk_a2003]

"The greatest scam ever perpetuated on earth was when industrialization started and our forefathers who were essentially fishermen/farmers etc were lured into jobs ie factories/plants/services etc and they dropped their agricultural lands and vocations."

[ajayhkaul]