QE "The Subsidy"

[errolanderson]

Calgary Herald business section full of commentary on 'Crude prices on the rebound'

good grief . . . those that feel markets owe them a return are like deer in the headlights right now . . . .

[macdon02]

Have more kids because pensions are dust. Gonna need someone to keep the land producing. The grain and meat farmer will survive because you can touch everything we work for. I know nothing just what I've read.

[cottonpicken]

Farm-i'm just coming up on 11 years down the rabbit hole,well over 10,000 hours in,which is what they say you need to master something,doubt i post a tenth of what i thnk.

I remember it well because my wife got pregnant and i realized,no more fun and games i needed to know if there was a future in farming.

So i did,and seen this stuff coming,well documented here,at least most,some of the archives have been erased,i use to be quite the prick,i underestimated the emotional impact and found out you should really act like you are talking to someone face to face,i thought it was all a big fun joke,still very sorry for the way i behaved.

I remember telling my now passed Grampa farming was going to get easy,land and grain would go up,he said the most prophetic thing to me i have ever heard,({while laughing}"farming was never easy")

How i could be so blind to the words of someone who had hundreds and hundreds of thousands of hours into the profession i'll never know-"confidence of youth"

I dont jump in on many of the "real" farming threads because i know i dont know and will probably never be as good as most.

Maybe the storm clouds i see wont really be that bad,i sure hope i'm wrong.

Take it all with a grain,even the vet told us yesterday not to give our dog bones pppffffff...

[cottonpicken]

Gold was always considered money because a guy could sell a camel in china then buy a bushel of wheat in germany,think a piece of paper from china could do the same.

Money is simply the means of exchange and store of value,could i pay you a million zimbawe dollars,confederates,pre ww2 deutchmarks,monopoly money,or the other over 600 examples of failed government paper promises for a goods or service.

There is nothing special or magical about it,its just what the world chose-that is a simple truth..

It takes a massive amount of time and energy to produce it like everything else worth while in this world does.

Its value doesnt matter 1 dollar a gram a 100 a gram,it gets converted into the good or service-please,please understand this point-whos own median of exchange is then realized

In todays world i dont see it as the panacea,the best idea i have heard is to tie the worlds currencies down to a basket of goods,like twenty or so,it was out of some dutch bankers head many years ago and i'll be damned if i can find it.

[sumdumguy]

I'll take my gold wafers to Regina, see who'll accept them for a new Audi, or Las Vegas next month, see if the Bellagio thinks it is money. Just saying. I think it is about as portable, transferrable and exchangeable as my old Chevy truck. Not everyone will accept it as payment.

[cottonpicken]

See what you think when the dollars in your bank account get cut in half over night,look at what happened to the us dollar in the thirties but we all know about that simple simple simple thing and therefore we know or do we?

[errolanderson]

investors forget that there is a real physical demand for gold primarily from India's culture. And India's physical demand is down, way down. Why? because they don't have the money to buy gold at rich prices.

That leaves the speculator to drive prices up, without the physical demand support. IMO in the commodity world, speculators can drive prices sharply higher, but without the true fundamental support under it, the price bubble bursts.

Now had the speculator wanted to buy a true physical spitting camel (LOL) . . .

[Flatlander]

Gold is money. Not currency.
Paper is currency.
Gold is the standard and does not go up or down, the currency we use goes up and down. (At least just try and see it that way for a moment)
Gov'ts and events talk currency up/down whatever is their plan, gold would not afford these people this luxury and is therefore despised by Keynesians globally.
When you pick up your oz. of gold save yourself the5% pst and avoid certain provinces for your purchase! at least at banks

[Oliver88]

So you are saying only buy gold in Alberta?....I never thought there would be tax on gold.

Where do all of you bears buy your gold at?

[cottonpicken]

Indias demand is not down the government put up tariffs,its trade balance and banking sector are hurting because of the stuff.One story out was an entire commercial planes passengers where smuggling it in,take a look at what china has done it will blow your mind.

[Flatlander]

Not sure about which provinces don't charge it but sask charges 5% pst at scotiabank .
Fairly certain Alberta does not charge this, and BC does not.
I believe coin dealers do not charge pst in sask.
It seems random and screwed up, but hey that's most of the problem.

[errolanderson]

strap-in . . . this may be another roller coaster week.

interesting tidbit . . . there is now a 20% increase in current marginned equity positions than seen ahead of the 2007 financial crisis.

This is likely due to the ongoing cheap money policies.