Actually what many people expect is a currency crisis. USD will probably be the last man standing after this.

Problem with properties is, they are too overvalued at this point of time.

Again, you fail to see the picture.

Assuming that the overall gold is constant. The countries that are more productive will be rewarded with more gold flowing into their system. The countries that are less productive will see capital going out of their system. That is how companies work right? They do not have the priviledge of creating money out of thin air. How come you are so rigid in the way you think? In this system, more control is being given to the free market rather then to governments.

If country A is productive, their capital can still increase due to increased inflow. So in the end, the gold that a more productive country has, will not be limited to 100 ton. So there is incentive to be productive.

Why not? If US is productive. There will be net inflow of gold into their economy thus causing their overall value of their dollar to increase.

The current system encourages things like crony capitalism etc.

This post has been edited by sylar111: Dec 10 2014, 04:13 PM

If there is too much outflow, then there has to be a way to stem that out flow.

Similar to how a company is being managed. If not properly managed, bankrupt.

Actually QE does inflate the stock market.

That same QE cause the current all high in the US stock market.

I never said that Japan has a booming economy. The fact is that a lot of people tend to associate a booming stock market with a booming economy which is wrong.

Are you sure that Japan is exporting more because of the USD? I mean, do you suddenly start buying sony or toyota just because JPY went down ?

Do you suddenly use Docomo telecommunication services?

Seriously.

Of course.

Because the mindset right now has been changed.

Once upon a time, countries cannot buy oil unless they use USD. This has changed recently. Now you can sell your oil to China in Yuan.
You can trade directly if you are in Singapore with China in SGD.

Paradigm changes my friend. You are still in the old paradigm.

Gold is of course the ultimate value storage because people has recognize it since the beggining of time. There are characteristics in gold that everyone recognizes.

Obviously when say Russia sells it's oil to china, they are not going to sell in USD because there's an agreement between those 2 nations not to do that.

When Korea trade with china, or UK trades with China. They can bypass the USD.

I never ever indicated that oil is traded in SGd. I am saying that when china trades with Singapore, they do not have to use USD to trade.

Seriously, you twist what i say at every chance.

Are you only interested in twisting facts just to win the argument.?

As I said, in the past, almost every trade between nations are conducted using USD. And I have already that though increasing amount of swap agreements, countries are already starting to bypass the USD. You are asserting yourself when proved otherwise. You are forever in denial.

You obviously do not understand what swap agreements mean etc

Seriously, do you even check the facts before you write?

Nokia was affected not because price of phone dropped. But because they were specialist in mobile phones not smart phones. The recent years saw a boom in smart phones and normal mobile phone has lost it's significance.

And Nokia is still here. In fact, Nokia stocks went up 4 times compared to 2 years ago.

Really.

I wonder if you actually even understanding what currency swap means. If USD was so stable and trusted, there will not be a need to do this in the first place.

Also for computers, they are getting cheaper actually. I mean the amount of monies you need to get a computer of decent spec is getting lesser and lesser.

I think 17 years ago, you need at least 2.5-3k to get a decent computer.

And dun forget even by your definition, the price of computer remains at current price despite the fact that currency decrease in value. In other words, in real terms, the price of computer actually dropped.

Do you even analyze what you say carefully?

Did you seriously make money from the stock market? Because you cannot even do basic analysis.

You just want to win arguments right?

This post has been edited by sylar111: Dec 11 2014, 10:24 AM

Your argument is very flawed and you know it. You like to use USD as the benchmark. So did computer price decrease in terms of USD then. After all, for most major hardware company, they are measured based on this standard. You are starting to look more and more absurd really.

Most analyst out there would not argue that computer prices are getting cheaper and cheaper. You are the only 1 who is saying otherwise just to prove a point. But you know in your heart it is totally absurd.

Why dun u use zimbabwe dollars then. I am pretty sure the price of computers increase a lot in terms of zimbabwe dollars.

Anyway you are wrong regarding Nokia not being around. That is a ridiculous assumption since Nokia was once the dominating player and they could easily get into the smartphone arena given that even Samsung is doing that

I am pretty sure that if Apple did not come in, Nokia will still be dominating in the mobile phone industry. Nokia could sell their phones at 150 and still make a profit. The thing is, there may be other brands that sell at a cheaper price but then Nokia is already an established name and that commands a premium as well. I think you are the only one out there who says that Nokia died off because of price competition. Also the reason why phones are sub 100 right now is because they are not in demand. Nokia could still sell some of the higher end phones for 400 even 500 plus if not for the ascendency of smart phone. The fact of the matter is, mobile phones are now obsolete because of the smart phone. Nokia suffered because of this. You are twisting something that everyone knows just to fit your argument. Most people with a brain would know how absurd your basis are.

Even in the smart phone arena, phones are getting cheaper. You have Xiao Mi and the others creating really cheap phones. Apple sell their phones at a very high premium. Everyone except you knows that. That explains why they have such a strong balance sheet. It's the brand. They can afford to sell their phones at a high price and people will still buy because they are brand conscience.

I have said that a gold backed currency is not ideal but necessary. But then seeing that you do not even get your basics correct, it is pointless going further on this.

This post has been edited by sylar111: Dec 12 2014, 05:02 AM

IPhone which is supposed to be the start of the smart phone revolution was first released on Jun 2007
http://en.wikipedia.org/wiki/History_of_the_iPhone

Of course there are other smart phones around but then let's accept it, they are not a threat to Nokia.

The thing is, even though the iphone was release during that time, it would still take I think around 1-2 years to take steam.
Nokia was selling cheap phones even before 2008- 2009. You can get a very cheap phone for aroud RM200 plus. Let's face it. Even in 2008, iphone probably isn't even a threat to Nokia. Iphone was probably viewed as something that is cool at that time but then only geeks would buy it. Bought 1 phone with the simplest spec for 240 I think. And most people would still be buying Nokia rather then other china brands even if the other china brands are selling for say RM150 because of brand recognision.

Smart Phones did not cause Nokia phones to decrease in price because their price range is totally different. An iphone probably cost around RM2k plus. A ordinary but good Nokia phone cost around RM400-500 plus. So how can you even say that smart phone drove the price of Nokia down?

Companies espacially those that are of the size of Nokia do not sell phones at a loss. The reason why they lose out is because normal mobile phones are not popular. They could still generate a profit if they sell their phones at RM200 if say there is huge demand. The fact is that there is no more demand because people are now buying smart phones. Of course their operation is going to take a hit because of that. You still do not get it do you. It's not deflation that cause Nokia to go downhill, it's demand.

You are again twisting my words. I never said Nokia was always profitable. I said they could still make a profit selling a cheap phone. Obviously they took a hit because of the smart phone revolution. Everyone knows that. But to say that they will not generate a profit just because phones are getting cheaper is total nonsense. Besides, they could still sell higher spec phones at a higher price.

Now you call iphone the answer towards mother of deflation. Are you so desperate? The fact of the matter is, the cost of smart phones is decreasing. Even prior to XiaoMi, Samsung is able to sell a phone with better specs for around RM1200plus. Smart Phones are getting cheaper and cheaper. That is the trend if you take iphone out of the picture which most people pay a premium for not because it's the better phone but because of it's brand. The general trend for smart phone is that they are getting cheaper though. Just because of iphone, you generalize it to the entire smart phone industry. Of course common sense will tell you that if iphone can still remain hot selling at high price, there is very little incentive in the first place to lower the price. But then, if people do not buy iphone because of the brand, you can be pretty sure that the price of iphone will be coming down.

Your assumption here is that people just keep their wealth and do not spend it. The thing is that, people generally do not do that. When you are rich, you still buy things and continue to invest in things. Why can't a person be rich in a gold based currency system? If that person can invent something that everyone needs, people will still buy products from this person. Isn't that what free market is? Selling something that people need and profiting from this? You obviously know nothing about free market economics. If say I am able to come out with an idea and need funding, wouldn't someone who is rich put money into my idea? Why are you assuming that rich people will never spend what they have saved? But I really do not want to discuss this further because it seems your basic understanding of things is lacking.

The thing is, I can tell you are really desperate. So desperate that you are starting to make basic grammer mistakes. You are just trying to justify yourself using whatever means possible.

This post has been edited by sylar111: Dec 12 2014, 12:48 PM

This is between me and cherroy.
Understanding of Gold involves hard economics.

So yes, it's relevant.

gold going up against usd leh.
Hmmm. You arr typing for fun is it?

Lower Oil price normally would cause a drop in gold price because less cost is required to mine the gold.
But in this case, lower oil price cause an increase in gold price because lower oil price shows that the economy is not stable.

That is why you see the inverse relationshpi right now.

This post has been edited by sylar111: Jan 19 2015, 05:42 PM

Got certification etc or not. You just tell us what price you want to sell it for.

Nope. Gold is going up against USD itself.
Anyway, basics is not your forte.

The thing is, the reason why Gold is going up is because of the economics situation right now for example the Swiss unpegged to the Euro. Many factors affecting gold price.

USD can go up but if gold goes down vs USD then gold may even go down against MYR.

Normally if USD goes up, gold goes down.

And you are so happy stating the obvious. Seriously.

Yeah 1283. Veli veli good.

Need More Ppl like you.

This post has been edited by sylar111: Jan 20 2015, 04:37 PM

Those ppl who say that gold will go to 1000 even 900 are just pawns. That's all. That's how I see them.
Need more of those pawns around. Otherwise how I will get rich?

Oil down. Gold price up. Gold and silver mining = ?

But USD is going up actually if you notice.

This post has been edited by sylar111: Jan 20 2015, 05:19 PM

100 usd is nothing

Seems that someone somewhere does not like it to be at 1300. You know what I mean.
I mean you see the big push down suddenly after the 1300 mark. It was cruising before that.

This post has been edited by sylar111: Jan 22 2015, 03:29 PM

Hmmm. yeah. But seem that from here on. touching 1300 should be a little more difficult.
I am getting a little nervous about tomorrow's potential QE though.

This post has been edited by sylar111: Jan 22 2015, 06:10 PM

Well, I have been saying all along.
If you want to invest in something, you better study that thing properly.
Options Expiry, Gold normally "goes down".

PS: I really love it when someone somehow feels elated when gold price goes down even though most likely this person has no vested interest in this metal.


This post has been edited by sylar111: Jan 27 2015, 06:18 PM

If you could predict, you would be a millionaire.