Wednesday, Dec 02, 2009
How to Earn Money in 2010
The Telegraph: Top Tips for 2010, courtesy of Goldman Sachs
Long Russian Equities, Long Sterling (against the Kiwi dollar), Short Turkish credit, Short Spain, Long Ireland, Long Polish zloty (against the Japanese yen).
Posted by devo @ 10:37 PM (1203 views) Add Comment
19 Comments
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1. crunchy said...
Thanks Goldman Sharks, but you can shove it.
You ain't 'shorting' this cookie. BTW thanks Dubia, my metals are looking good. I said 1300 gold for the next step, again (archives)
Quicker than I thought. When Bernanke returns to sanity after enough damage has been dished out I will reconsider metals and move on.
2. devo said...
We aren't all on the same page, crunchy. Perhaps this will help...
This Thursday, the Senate Banking Committee will hold hearings on whether to confirm Ben Bernanke -- who was first appointed by George W. Bush -- to another six-year term as Chair of the Federal Reserve.
Who is Ben Bernanke? Under his watch, the Federal Reserve turned over trillions of dollars in bailouts to big Wall Street banks and didn't demand accountability in return. And Bernanke still refuses to tell Congress how those trillions of dollars were used.
This week, we have an opportunity that we won't have again for another six years: to replace Ben Bernanke with someone who will help average Americans, not giant banks.
http://www.americanthinker.com/blog/2009/12/moveonorg_spinoff_group_oppose.html
December 01, 2009
3. crunchy said...
Thanks for that devo, roll on the Rederal Reserve audit curtesy of Ron Paul as that will be the catalyst I think. Congress has some sharp new members which will help things along. Fingers crossed!
This whole programme seems unstoppable it's like everything has gone into overdrive, but I think we have them on the ropes, lets see what comes out of Coppenhagen. I hope things get a little 'heated' in there with recent developements.
4. crunchy said...
Obama travels to Oslo on December 10th to receive the 2009 Nobel Peace Prize after recently increasing the death toll in Afghanistan.
He has no shame. If you listened to his speech carefully there is no end date. He has also stated that he will not be attending Copenhagen. Does this guy ever tell the truth?
How much longer must I endure this global takeover BS?
5. general congreve said...
The only financial advice I'd take from those snakes is in the name. It just hit £735.47 an ounce, GET IN!
6. hpwatcher said...
The only financial advice I'd take from those snakes is in the name. It just hit £735.47 an ounce, GET IN!
Yes, all good stuff. Though - at risk of sounding like an EA - Gold is still represents good value, as I expect it to go a lot higher.
7. crunchy said...
5and6
If I said that gold could double in price within the next 12 months Goldman Sachs would tell you that this is impossible. Yeah right!
8. the number cruncher said...
To all the gold bugs
Speculation in gold is nor more morally better than speculation in housing
A plague on both your houses
9. crunchy said...
8. You can choose to be a No1 Sucker or not, in this exercise of damage limitation. Some of us choose not to be lame ducks rolling over to take this punishment. Some of us have saved in the past and not taken out huge sums of debt. Justice will prevail for the people of rightous action. Some refuse to be ripped off! Some would rather sit on their hands and bitterly sulk than control their 'own' destiny.
This comment to me sounds like a HPC fighter, not a quitter.................
BTW most are not fully exposed to gold, there are so many other protection policies out there. lol
10. d'oh said...
The number cruncher @ 8
Actually, it is less damaging to society. Speculation in food, energy and housing has a direct effect on people's lives which speculation on gold does not, as it is pretty well useless.
What annoys me is that one is forced to spend time working out where the next bubble is going to be to maintain the spending power of your hard earned savings. That is the crime.
11. crunchy said...
10. I think this is the first time d'oh
HEAR, HEAR!!!!, but you need to do a little more research on the uses of gold, past, present and into the future.
12. Van Hoogstraten said...
All Goldmans bets are sure fire winners (as far as they are concerned anyway). If their bets happen to go bad, Bernanke etc will make sure the US tax payer picks up the tab once more.
13. Engineer89 said...
TNC @ 8, 09:56am "Speculation in gold is nor more morally better than speculation in housing"
I don't agree with this I'm afraid. If I speculate in house prices (with the implication that they then go up) I help prevent other less fortunate people purchase a home and a roof over their heads. It contributes to the slow destruction of communities, as we have all seen.
If I temporarily "store" some of my wealth in gold instead, I hope it hurts no-one. It is simply wealth protection.
14. the number cruncher said...
Speculation should be outlawed, whatever you say
No better than parasites on society...
15. crunchy said...
12. the number cruncher said...Speculation should be outlawed, 'whatever you say'
'whatever you say'
LOL... Speculation is a fact of live. It is the way that speculation is manipulated and shoehorned in that's the problem. That is a Government and Central Bank matter. Don't you know when to give up? Obviously not!
16. crunchy said...
Speculation is a fact of "life". Ooopps! You can take this comment very, very seriously now. lol
17. doom&gloom said...
TNC - buying gold is wealth-preservation not speculation. Think outside the box (of paper currencies).
When you see gold 'rising' in dollar terms it is just the value of the dollar falling. No one's going to get rich from holding gold as gold price 'increases' IMHO - it's just that everyone else is going to get a lot poorer.
18. Cusinvinnie said...
@17. Finally someone that understands. Maybe you could explain it to the media, and in particular, that Ambrose-anti-Germany-Pr1ck!
19. amjidk said...
anyone who has all their savings in cash only (and hence have not invested some of it in Gold and silver) is taking a big risk, i personally think there is a serious chance that the pound is going to take a real beating, next year and serious inflation will result..