Wednesday, May 20, 2009
Bubble?
BBC: Gold demand soars among investors
Using our standard HPC logic, whereabouts on the curve are we if the BBC is talking about gold like this?
Posted by inflation is eating my savings @ 09:05 AM (2201 views) Add Comment
74 Comments
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1. doomwatch said...
2002 ?
2. jack c said...
We'll be at the top when Gordon Brown but's back in !
3. general congreve said...
From article: "Total demand for gold hit 1,016 tonnes in the first three months of 2009, up 38% from a year ago."
Yet the price is down pretty much the same in dollars? So demand is up over a third, the Fed's printing presses are going like the clappers and the price of gold stays the same?
Good to see the forces of supply and demand happily at work in the gold market. Adam Smith would be turning in his grave.
Manipulation anyone?
4. general congreve said...
Edit @3 - ignore 'down' in the second sentence, typo.
5. sold 2 rent 1 said...
For all you guys who are serious about understanding the exact timing of the gold mania, sign up for a free 1 months trial with
http://www.fractalgoldreport.com/
His models, based on fractal dimension patterns and the Armstrong PI cycle, are giving signals that the next 8.6 month mania phase in gold will begin early July
His models tie in closely with mine; and once Calleman's model is added into the mix you get an incrediblly powerful model of buy/sell timings.
The guy is not right about everything; one of them being that the oil mania phase has yet to complete
Of course by the time this info is accepted as mainstream, the models will start to break down and will be worthless by 2011.
6. little professor said...
"Demand for gold is soaring among investors, figures from the World Gold Council show"
In other news, demand for property is soaring according to RICS, and BTL investment is soaring according to Assetz.
Just another VI
7. paul said...
s2r1, listen to yourself.
Do you honestly believe that numerology crap even after its been wrong so often?
8. uncle tom said...
The piece ends by saying that gold is up from $700 last November, but fails to mention that it is down from nearly $1000 in February, or that it as almost exactly the same price a year ago.
Demand may be up in certain sectors, but for every buyer there is a seller..
9. doomwatch said...
I'm sticking to recent government bail out companies.
10. uncle tom said...
S2R,
Do you ever check the performance of your favourite prophets?
I seem to recall the financial world was forecast to end a month ago..
..don't think it did y'know..
11. bellwether said...
Only gold compares to property when it comes to flagrant ramping. That said got an open mind. Was $1000 a double top or are we pausing for the next bull leg only time will time. Certainly there is no rush to make your mind up. Price has been static for 18 months now.
12. Bear said...
Yes, gold fell again in dollars, but gold price in dollars appears to be in the final stages of completing a reverse head and shoulders formation. Many consider this one of the most bullish chart patterns possible.
13. bellwether said...
s2r1 is a national treasure like David Ike. We would be disappointed if he changed his tune. We won't be disappointed.
14. crunchy said...
Whilst all eyes have been on gold the killing was recently made in buying oil. : )
15. This comment has been removed as it was found to be in breach of our Blog Policies.
16. bellwether said...
Excatly Crunchy.
17. bellwether said...
And copper
18. general congreve said...
Crunchy @13 - Very true, the astute investor could have made around 40% on oil in recent weeks if he'd bought at the right time. Obvious in a way, it was always unlikely to go below $35 per barrel. Missed the boat on that one unfortunately. It's at $59 today, but not sure if it's good to leap in now. At some point within the next year we'll have crash part 2, hopefully then they'll be a chance to play the same oil trade once again.
As for gold, I think we're in a similar, but inverse, situation to the house prices. HPC has been forseen a crash since 2003, but it took it's time to finally materialise and even now is putting up stiff resistance. Prices will take time to move down, but they are on the way. Conversely, everything about gold says it should be going to the moon, with what's happening to the dollar,sterling and euro, but we've seen little action. I think us goldbugs may need to sit on our hands for as long as 5 years before the results of the current currency debasing monetary policy works its way through the system. Patience is the main ingredient.
19. sold 2 rent 1 said...
Slightly off-topic,
I see Michael Martin is to stand down on 21 June (strange day - a Sunday and the summer solstice - anyone know why)
Some thoughts for the remainder of the year and "sixth day"
In the National Cycle period, the sixth day (829-1223AD) was the period where the Magna Carta was introduced in 1215 and LAW began its major drive to overcome REASON. A major date in this cycle was 1066 and the Norman invasion that was necessary for the Magna Carta 150 years later.
The year 1066 resonates with 19 June 2009, so could we be witnessing a big battle for who is the next speaker. Will this new speaker bring about change that will resonate with the Magna Carta in 1215 (maps to 31 October 2009)
Although we are in a period where ETHICS is overcoming POWER, it is brought about by LAW (Freedom of Information Act etc) pulling back POWER to be more ETHICAL.
So in effect LAW is the active force which is why we may see a much stronger resonance with the Middle Ages (1000AD-1600AD) than with the 1960-1990s over the next 18 months.
Martin Armstrong has already compared the financial crisis of 2007-2008 to the fall of the Roman Empire. (National Cycle). So winter 2010 could well resonate with 1300-1400 significantly, and specifically with the collapse of the Lombard System in 1348 and the Back Death 1347-1351 (which may map to a flu pandemic and Euro-zone crash in March next year)
20. crunchy said...
16. general congreve
I said it was a no brainer on here @ $36 before it took off. It's very simple, risk v reward.
Free oil? I don't think so! Easy trade. That's what I dont like about gold the bargain was had long ago and I don't chase trades no matter how tempting.
Rule number one for me.
.
21. theboltonfury said...
s2r - i hate to break it to you but the financial crisis you compare to a fall of a civilisation has still left an awful lot of tremendously wealthy bankers and nearly all of the institutions. It's not really been a crisis at all has it?
PS the Normans had invaded many times before 1066, the Magna Carta was the world's first compromise agreement that meant nothing in reality for centuries so is more well known due to the story of it being chicked in the Thames by King John than any major event.
All these model makers are beginning to make me laugh even more than before now.
22. bellwether said...
s2r1 you do know that only someone with real delusions of granduer/omnisience would presume to make or have unshakeable belief in such macro scale predictions.
I know I've made this point before but without sceptisism you are simply running a medieval belief system. In the very unlikely event of your getting any sort of power you would be burning the withces and hereitics
23. sold 2 rent 1 said...
Bolton,
"the Magna Carta was the world's first compromise agreement that meant nothing in reality for centuries so is more well known due to the story of it being chucked in the Thames by King John than any major event."
Of course the battle for LAW to overcome REASON went on for 400+ years until the Divine Right of Kings was abandoned in England during the Glorious Revolution of 1688–89. This paved the way for the Bank of England to be set up in 1694.
What you fail to realise is that change is happening 400 times faster now than in the National cycle - Middle Ages (change is also 20 times faster now than the Planetary cycle - 1960s)
As for the fall of Rome, the resonance with today is the awareness of the debt ponzi scheme; the biggest factor in civilisations crashing is the unsustainable growth of debt.
24. general congreve said...
Crunchy @18 - I actually steered clear of oil because the only way for me to invest would through an ETF. I was over cautious about the safety of my investment in an ETF, due to the instability of the financial system. I was obviously too careful.
I understand what you're saying about gold. However, I believe the fact that filling a speculative derivatives hole with billions/trillions of new notes plus paying off mounting national debts with the printing press will cause widespread devalution/inflation, sooner or later. You can't get something for nothing. All that money will end up on someone's hands and back in the market eventually. Such an increase in money supply, but with no corresponding increase in productive work is almost certain to cause considerable inflation in the coming years.
When it comes they'll be a rush to gold as a safehaven, we've seen nothing so far IMO. Therefore, not only will goldbugs have their wealth protected, they should see it increase substantially thanks to rocketing gold demand. Gold is a buy and hold at the moment, rather than a trade IMO.
25. crunchy said...
16. general congreve
I think oil will trade around the $60 area range bound for some time, without a war.
The way markets have been lately who knows, but I don't think high oil prices factor in to a recovery. That's why I got out last week.
26. george monsoon said...
S 2 R 1 -
I think you are fast approaching Critical Mass..
27. sold 2 rent 1 said...
From wiki
1066 maps to 19 June 2009 - could the new Speaker of the House be the turning point we are looking for?
1066 was a common year in the Gregorian calendar and the Anno Domini (common) era. The year is considered by many historians to be a turning point in history due to various events (see below), particularly the Battle of Hastings and ensuing Norman conquest of England, with years prior to 1066 being the late Dark Ages and years after 1066 being the Middle Ages.[1] This was the last successful hostile invasion of Great Britain.
28. crunchy said...
Lightening the mood- Gordon has said on TV- if we had a general election now, it would cause chaos.
Cameron- What exactly do you mean by chaos? lol
29. sold 2 rent 1 said...
One more thing...
The Gulf of Tonkin incident in 1964 that led to the US going into Vietnam and dominating world politics for the next decade maps to 18 June 2009.
So are we likely to see international tenstions rise with Iran, Pakistan etc from this date and going through the rest of the summer and early autumn?
30. sold 2 rent 1 said...
crunchy,
"if we had a general election now, it would cause chaos"
Watch the 3 main parties get battered at the European elections.
This will force the NWO who "own" these 3 parties to go for the marshal law option instead of a general election next year
Maybe a big false flag op coming up around 16 April 2010 and ...... election cancelled
31. bellwether said...
GC I'm not sure about the hyper inflation story as it needs to happen on a global scale and devlalution of cuurencies at the rate needed is not possible without creating a breakdown between creditor and debtor.
Also in fear of turning into S2R1 a repeat of comment from previous post:
The inflationists (who appear to be the majority at present) are perhaps a little too impressed by what govts can do here. Inflation on a global scale which is what we are talking about is more than printing money it is also about production and a belief in exchange.
Not only does the money have to be produced to fill the hole created by the implosion in income, property, commodity and stock values but the filler has to trigger activity and exchange to stop unemployment rising and wages atrophying.
For all the printing even the first part has not happened yet as globally the price of everything is far lower than it was a year ago and after the recent green shoots rally, which all turns on the consumer, probably lower still.
Everyone is making less money than they were a year ago and what they are making is cirulating far less until there are signs this will change inflation will not happen.
32. inbreda said...
25. sold 2 rent 1 said...
1066 maps to 19 June 2009 - could the new Speaker of the House be the turning point we are looking for?
errrr.... guessing not.
"What you fail to realise is that change is happening 400 times faster now than in the National cycle ..."
Does that not mean (if the speed of events changes) that predicting the future on the "old" frequency is incorrect. Useless, in other words?
33. bellwether said...
What i think I'm saying is I need to hear more to be convinced than the printing presses running and references about the money getting into the system somehow, I need to understand how that would work, how the money would get into individuals pockets in a way that would induce them to spend and would do so in a way that would mean that the producers/saver nations wouldn't mind keep producing.
It seems that this might be a far more difficult and subtle task than people think
34. contrails are not a conspiracy (formerly npnh) said...
I’m now completely sold on S2R1’s predictions. I am completely beside myself. I don’t know whether to stand up or sit down.
On Monday I went out for a Chinese and drank 4 cans of Kronenbourg 1664 (which every one knows is a good year for beer).
4 x 1664 = 6656
Later, Michael Martin announced he was to retire on 21st june or as S2R1 prefers - 190609 (which resonates with 1066 – how a day 'here' resonates with a year 'there' is neither here nor there, but I digress).
190609 + 6656 = 197265 and we all know the Magna Carta was signed in 1215
197265 - 1215 = 196050. During the Chinese meal I ordered a 19, 60 and a 50!!!!!!
And now, 2 days later my stomach is still resonating. It feels like I need to do a big 1066 in the next couple of hours or so.
If that isn’t coincidence I don’t know what is!
My life has completely changed. Thank you HPC!
Does anyone else have any similar experiences??
35. crunchy said...
22. general congreve
China is with you on that one! The Golden Dragon.
36. general congreve said...
Bellwether @ 31 - "What i think I'm saying is I need to hear more to be convinced than the printing presses running and references about the money getting into the system somehow, I need to understand how that would work, how the money would get into individuals pockets in a way that would induce them to spend and would do so in a way that would mean that the producers/saver nations wouldn't mind keep producing."
The extra money is going somewhere. It's going to foreign govts. to pay down debt, to big financial institutions like Goldman Sachs (billions via the taxpayer, as debt, from AIG) etc. Even if all the extra dollars went to one individual alone, that individual would invest and/or spend that money, giving it to other spenders in the world economy. It WILL get into the system because it's going to real people and companies who will spend it in the economy, it's not being burnt in a giant pit in Utah. The result will be a lot more money in the system.
The producer nations will continue to produce, they won't go on strike, why would they? But if your buyers are turning up with more money (because of all the additional printed money in the system) they will put up their prices in order for demand to match supply, otherwise their inventories will be drained before demand is satisfied and they'll be selling themselves short.
Basic supply and demand economics really. Yes, most of the printed money so far has gone to fill holes in balance sheets, but that means someone got paid somewhere and has that money to spent eventually. Hopefully, they'll hurry up and spend it soon,cos I want to retire before 40, not after ;)
37. general congreve said...
@35- typo last paragraph - should read 'has that money to spend eventually'.
38. crunchy said...
35. general congreve
That money is for bankers and investment into technology that will further enslave us. The money was never meant to be for "us" as we have to borrow it. NO! we will get the inflation bit, The butt end.
rant over!
39. Gruppenfuhrer said...
32. Contrails. You are my hero.
Would anyone care to discuss house prices?
40. debtfree said...
s2r1,
on radio 4 this morning, they were discussing 'revolution'
talked alot about the freedom of information act, how the power has been handed back to the people and that politics is behind the change.
you should buy 'The Sovereign Individual' from amazon, mentioned a few years ago on this site but unfortunately no feedback.
we are entering a new paradigm, 'Information Revolution'
previously we had Agriculture and Industrial.
very interestung read and does tie in with your ethics and change.
all the best
41. sold 2 rent 1 said...
All this money being printed will end up buying commodities for the final phase of the commodity bubble in late 2009 to spring 2010.
This will cause the economies to tank even more in most low resource/high debt countries and force even more money printing.
The cycle repeats until the commodity bubble bursts in April 2010
42. layers said...
Well whilst we're on the subject of Parliment etc., shouldn't we look at the timing and try to understand who could benefit from the public outrage to the MPs? Firstly there was a female reporter on the BBC Breakfast show yesterday morning saying how she, via the FOI, tried to break the same story 7(or so) years ago, but no one bit - wonder why?? Could this be another manufactured event to incite the public into action / calls for change, which would take the shape of 'we must join Europe' (although we all know that their expenses dwarf what our MPs can gorge!). Or is it simply the Banksters letting the politicians know who's in charge?!
43. george monsoon said...
Debtfree, I can see your point,
the Internet has to be the driving factor behind the information revolution. People are able to source accurate (and inaccurate) information outside the boundaries of government and media control. This is not nessecarily a good thing, because people tend to believe what fits their ideal, rather than the facts. Swine flu is an excellent example of this. The information on the internet has sensationalised swine flu. I myself have sought the facts about swine flu on the internet, but the majority of articles are hearsay, or conspirital circumstantial bumf.
We may be heading for an information revolution, but the founding for said revolution may not be based upon concrete evidence and fact. It is more likely to be driven by individual perspective and desire, fueled by missinformation from silly websites, promoting Mayan calendars and K cycles..
The truth is always an individual interpretation, whereas the FACTS are the FACTS.
44. debtfree said...
george monsoon,
indeed, how very true. but what happens when fact is not fact at all? go back in hostory and some things you have been led to believe as fact are not. disinformation has and always will exist.
look at smoking adverts from years ago ?
invasion of iraq due to weapons of mass destruction?
we have and always will be fed disinformation. your spot on with regards to the government, they are losing control of information and what info we choose to digest. for example, the church held most of the power before the industrial revolution as only the monks throughout and after the dark ages were able to write. as with all changes, voilence and taxation is the key indicator on how fast the government is losing control.
45. crunchy said...
40. george monsoon said..The truth is always an individual interpretation, whereas the FACTS are the FACTS.
The individual draws conclusion from those developing facts. The conclusion one makes is often based on the strenght of there survival skills or lack of them.
46. george monsoon said...
debtfree, that is definitely food for thought. Maybe we need to approach this from another angle.
Mass information was a constant, either sourced from the Government, news media or in the past, the church.
Now that constant has been eroded and people are starting to establish their own facts, based upon their own research.
This would negate any government effort to control through mass information, because people will invariably dissagree due to their own research.
Now... How does this pan out for the future? will the internet be locked down to control the flow of information? Can it actually be locked down without shutting it off. I work in I.T., and the internet is such a big, unregulated creature to which society is becoming ever more reliant. I can see that influential individuals with a gift for social engineering will start to shine and build up a following, a bit like a religious head.
Interesting times indeed.
47. crunchy said...
Welcome to internet 2. A much more civilised net. lol
48. george monsoon said...
Crunchy @ 42 - "The individual draws conclusion from those developing facts. "
I have to concede that you are probably right here, and in a way, I am demonstrating this fact by admiting that your idea fits the bill much better than mine.
Maybe facts are just the "best answer we have at the moment", however when I speak about a "fact", I refer to ideas that are backed up with evidence to support their argument as a fact.
49. crunchy said...
45. george monsoon
You wait for that and it's too late. That's like winning a sprint after the sound of the gun. Not a second chance on being wrong!
50. debtfree said...
@43. george monsoon
yep, really do believe we are at a very important turning point in history. just like the beginning of the industrial revolution when the printing press began, this time its the web. from the average man working in the steel mill or coal mine, we are now tapping keys to transport information down a highway or hold a position supporting the information infastructure. don't think it's possible for the government to control the web completely, this is an act of violence against the freedom of the people and also a sign they are losing control.
imagine how the world was just before rail roads, steam engines and all the other industrial revolution creations.
we are witnessing the end of the industrial age and its practices, beliefs etc and the birth of the information age. presently, the changes and possibilities yet to happen are unimaginable.
great hey ! bring it on.
51. flashman said...
Pre-Copernican astronomers used similar propositional methods to successfully explain all observed planet movements. Plenty of people believed everything they said, because their theories appeared to be brilliantly predictive and it all "sounded" so scientific. However just like all this wave, cycle and resonance stuff, it doesn't stand up to robust mathematical analysis (if everyone were forced to study applied mathematics, there would be no more of this quackery). The trick that all these methods have in common, is to make sure that their theories are unfalsifiable and vague enough to cover all eventualities. They very cleverly combine this vagueness with pseudo scientific babble. Another trick that they have in common is to work within a framework that permits subjective revision of their forecasts after the event. “We were only wrong because we read the model wrong etc”
In the case of the pre-Copernican astronomers, they were eventually ruined when it was discovered that their base theory of an “earth-centered universe” was completely incorrect. Modern day tricksters have learnt to make sure that ALL their components are unfalsifiable.
52. bellwether said...
Thanks GC I can see that the theory is the money will show up somewhere in the system.
In terms of where we are I think the holes in balance sheets are not only bigger than people will admit but they are also growing. The stress tests are a case in point. The wealth destruciton in the order of 20 trillion and growing as house prices crater and by these figures the dest outstrips money printing by 10:1 and even at that bond yeilds are starting to balloon. There is a clear limit to this even for the might of the US but the limit is ultimately meaning - any system needs that and in trying to fix the system by destroying the value (or meaning) of money too quickly you destroy the system.
Put another way US does start printing $20/30 trillion to really inflate there way out, exports will go up in price and force greater reliance on self production rather than consumption. That is deflationary, ask Japan.
I suspect there is no way out of the deflation trap and that central bankers think there is only encourages me in that view
53. crunchy said...
47. debtfree said...don't think it's possible for the government to control the web completely, this is an act of violence against the freedom of the people and also a sign they are losing control.
Back track to the 60's.. don't think it's possible for the government to control and watch our movements and the speed of our cars, this is an act of violence against the freedom of the people and also a sign they are losing control.
Slowly, slowly catch the monkey! They will dream up a way and everyone will say that's a great idea to control the mis users.
54. crunchy said...
47. debtfree
Tell me that when you can't pay your car tax and they send Tony around to crush your car that you need for work buddy!
55. bellwether said...
To add Flash's post another feature of such systems is that they refer to some underlying theory/principle that apparently underlies and explains everything. The cleverness of this, if cleverness is the word, is that such a claim could only be ultimaltely disproved by finding an alternative principle which actually does underlie and explain everything and thereby deposes the false claim.
Also wonder if there might be some attention seeking feature in expressing such extreme views, you are not going to tend to be ignored which might be important if you are lonlely. s2r1 are you lonley??
56. crunchy said...
48. flashman
Ain't nothing vague about what's happening now. Screw the planets. I'm talking about mother earth.
57. hpwatcher said...
House prices are falling, this is the key instrument causing deflation, but it isn't a deflation at all, because they were overpriced.
This is only having such a defastating effect in the UK & US economies because they have become over reliant on house prices. Neither of these economies is creating wealth of any significant worth, printing money is the only way they are able to answer the debt question.
In the mean time, inflation is still at work in most other areas. As house prices continue to drop, more money will need to be created. When all of this new money is realised, there may be a substantial amount of inflation.
58. debtfree said...
@50. crunchy
it works both ways though. recently a man won a court case becuase the data from his car's black box combined with the satellite proved he could not have been speeding and that the speed camera was incorrect.
in the 60's, if you could walk in a straight line getting out the car half drunk, you were let off !
a good example in the advancement of technology now means dna samples are now solving crimes where evidence has been safely stored from the past, how good is that, technology is actually reversing government / law injustice.
"Slowly, slowly catch the monkey! They will dream up a way and everyone will say that's a great idea to control the mis users"
and slowly slowly we will change the way we live. our residency, work and wealth. the more the government push us, the more we will push back.
59. debtfree said...
@ 51. crunchy said...
47. debtfree
Tell me that when you can't pay your car tax and they send Tony around to crush your car that you need for work buddy!
Ha ha, how stupid.
If I need the car for work then I'd OBVIOUSLY have a job ! which means I COULD pay my car tax.
60. crunchy said...
55. debtfree Sure good things have happened. Tech is a double edged sword pending on the operator.
"The more the government push us, the more we will push back." Amen to that bit, brother debtfree.
61. crunchy said...
56. debtfree said...Ha ha, how stupid.
If I need the car for work then I'd OBVIOUSLY have a job ! which means I COULD pay my car tax.
You may, but a guy on minimum wage, who would rather work than claim and not use the excuse that he couldn't find a job because it was over the 10 mile distance.
It is destoying peoples cars and working lives and the like that is STUPID, and without a second chance to pay in installments?
Good try though. That is the kind of attitude that lost us our rights in the first place. See my above posts and read them next time!
Rant over brother.
62. debtfree said...
@58
ok brother, rant accepted.
if someone can't support themselves in society because of too much tax then it must be near the end for the government.
63. crunchy said...
Amen to that bit, brother debtfree.
64. sold 2 rent 1 said...
debtfree,
Cheers for your support.
"we are entering a new paradigm, 'Information Revolution'"
The information revolution started in the late 1990s with the mainstream use of the internet.
Why is it only being recognised as a "revolution" by mainstreamers now?
How come it takes a Radio 4 programme to make people to understand the situation?
Because R4 is seen as an authority and a good track of global consciousness.
The Galactic Cycle (1999-2010) which loosely maps to the mainstream internet usage revolution finishes next year. So it makes total sense that global consciousness becomes aware of this event in the next 18 months.
As you have quite rightly pointed out there is an information war going on. The war is between MSM and the internet. It will be interesting to see how R4 reports this silent war as it intensifies in 2010.
So what happens after 2010? Well we have a new revolution that plays out in less than a year – the free/dark energy/consciousness revolution.
Spoken word revolution – 100,000 years
Written word revolution – 5,000 years
3 phases of civilisations – Egyptian – Greek/Roman – West
Industrial revolution – 250 years
3 phases of debt/stock bubbles 1837 – 1929 - 2000
Internet revolution – 12 years
3 phases of speeds – dial up – broadband – grid (10,000 times faster than broadband)
Dark Energy/Consciousness revolution – less than 1 year
3 possible phases – hemp – free energy – monatomic gold
Consciousness Singularity is reached
65. contrails are not a conspiracy (formerly npnh) said...
s2r1 "Dark Energy/Consciousness revolution – less than 1 year
3 possible phases – hemp – free energy – monatomic gold"
I think you have been smoking the hemp my friend....
66. sold 2 rent 1 said...
contrails are a conspiracy,
Read: The Marijuana Trick
http://www.thetruthseeker.co.uk/article.asp?ID=3774
It was LEGAL TO PAY TAXES WITH HEMP in America from 1631 until the early 1800s; LA Times, Aug. 12, 1981.
In 1916, the U.S. Government predicted that by the 1940s all paper would come from hemp and that no more trees need to be cut down. Government studies report that 1 acre of hemp equals 4.1 acres of trees
Henry Ford's first Model-T was built to run on hemp gasoline and the CAR ITSELF WAS CONTRUCTED FROM HEMP! On his large estate, Ford was photographed among his hemp fields. The car, 'grown from the soil,' had hemp plastic panels whose impact strength was 10 times stronger than steel; Popular Mechanics, 1941.
Hemp called 'Billion Dollar Crop.' It was the first time a cash crop had a business potential to exceed a billion dollars; Popular Mechanics, Feb., 1938
67. contrails are not a conspiracy (formerly npnh) said...
s2r1 I never said you can’t make stuff with hemp. I said I think you have been smoking it.
68. debtfree said...
gold has blasted off at exactly the point it was forced down on the 18th.
69. sold 2 rent 1 said...
debtfree,
Expect gold to go $990ish then back off again and put in a low again in early July
From early July to late August we should see gold blast through $1,000 as the 8.6 month mania gets off to phase 1 of 3 Elliott wave
70. crunchy said...
These gold threads go on forever and ever.
No Bobby talks about silver and other metals. Opps! lol
71. sold 2 rent 1 said...
crunchy,
I have losts of silver investments doing very nicely too.
As I said before the colloidal silver mania to hit when the flu pandemic srikes next winter.
72. contrails are not a conspiracy (formerly npnh) said...
Watch out for the Bull market in Dark energy! It's going to go off big time.
73. 51ck-6-51x said...
Judging purely by the number of posts the answer to the question posed by the poster, inflation is eating my savings, may well be yes ;p
74. little professor said...
Contrails - brilliant posts! :D