InternationalRockSuperstar Posted February 27, 2009 Share Posted February 27, 2009 Do you have any idea what indexation means? in extremis, in means f*** all, as has been demonstrated in 2008 by index-linked Icelandic gov't bonds, among others. Quote Link to comment Share on other sites More sharing options...
Extradry Martini Posted February 27, 2009 Author Share Posted February 27, 2009 why do i bother with the bond salesman telling people to buy bonds ?maybe we should diversify if there is any doubt about the outcome ? Now I'm a bond salesman, am I? Quote Link to comment Share on other sites More sharing options...
the-sign-jacker Posted February 27, 2009 Share Posted February 27, 2009 Erm, no I don't "know what it is". How can I possibly get inside your mind? i think your lying. you know exactly what it is. so whats the point of talking to you. some 'expert' you are if you cant guess. what are you posting from the school computer or something. youve been a member here for a LONG time. your not naive nor stupid. vested perhaps, but not blind. Quote Link to comment Share on other sites More sharing options...
Extradry Martini Posted February 27, 2009 Author Share Posted February 27, 2009 i think your lying. you know exactly what it is.so whats the point of talking to you. some 'expert' you are if you cant guess. what are you posting from the school computer or something. youve been a member here for a LONG time. your not naive nor stupid. vested perhaps, but not blind. Erm, no I don't "know what it is". How can I possibly get inside your mind? I have never seen anyone respond in such a chippy way. I have no idea what you are thinking, and on the whole have no wish to. But go on then, what is it? Gold? If so, any idea why it has been rising these past 18 months? (It ain't because of inflation expectations that's for sure!) Quote Link to comment Share on other sites More sharing options...
thecrashingisles Posted February 27, 2009 Share Posted February 27, 2009 Has anyone else noticed the correlation between gold ramping and the inability to distinguish between your and you're? Quote Link to comment Share on other sites More sharing options...
Extradry Martini Posted February 27, 2009 Author Share Posted February 27, 2009 Has anyone else noticed the correlation between gold ramping and the inability to distinguish between your and you're? I'm actually amazed that someone can write like that and expect to be taken seriously. It really is very funny... Quote Link to comment Share on other sites More sharing options...
InternationalRockSuperstar Posted February 27, 2009 Share Posted February 27, 2009 (edited) Has anyone else noticed the correlation between gold ramping and the inability to distinguish between your and you're? I'm actually amazed that someone can write like that and expect to be taken seriously. It really is very funny... I'm amazed that you think pointing out deviations from standardised spelling is an argument for buying gov't investments. Edited February 27, 2009 by InternationalRockSuperstar Quote Link to comment Share on other sites More sharing options...
Alan B'Stard MP Posted February 27, 2009 Share Posted February 27, 2009 But go on then, what is it? Gold? If so, any idea why it has been rising these past 18 months? (It ain't because of inflation expectations that's for sure!) What's your view? Quote Link to comment Share on other sites More sharing options...
InternationalRockSuperstar Posted February 27, 2009 Share Posted February 27, 2009 But go on then, what is it? Gold? If so, any idea why it has been rising these past 18 months? it's been rising for about a decade. Quote Link to comment Share on other sites More sharing options...
Extradry Martini Posted February 27, 2009 Author Share Posted February 27, 2009 (edited) I'm amazed that you think pointing out deviations from standardised spelling is an argument for buying gov't investments. Actually, I was talking about his language and the way he thinks that by insulting people he can be taken seriously. Having read back my remark, I can see that it was easy to think that I was referring to his spelling, but I wasn't. Edited February 27, 2009 by Extradry Martini Quote Link to comment Share on other sites More sharing options...
Extradry Martini Posted February 27, 2009 Author Share Posted February 27, 2009 it's been rising for about a decade. Yes, and I was bullish for a good part of that as it had got far too low. I'm not exactly bearish here as there still is a threat to the financial system. But if that goes away, you can expect quite a fall in gold prices. Quote Link to comment Share on other sites More sharing options...
InternationalRockSuperstar Posted February 27, 2009 Share Posted February 27, 2009 Actually, I was talking about his language and the way he thinks that by insulting people he can be taken seriously. having read back my remark, I can see that it was easy to think that I was referring to his spelling, but I wasn't. I'll take facts over 'language' any day. Quote Link to comment Share on other sites More sharing options...
InternationalRockSuperstar Posted February 27, 2009 Share Posted February 27, 2009 I'm not exactly bearish here as there still is a threat to the financial system. no sh1t! But if that goes away, you can expect quite a fall in gold prices. probably the biggest 'if' I've ever seen in my life Quote Link to comment Share on other sites More sharing options...
Extradry Martini Posted February 27, 2009 Author Share Posted February 27, 2009 I'll take facts over 'language' any day. Really? I haven't really seen any coherent facts, arguments or reasoning from you, though next to that guy you look positively scientific in your approach! Quote Link to comment Share on other sites More sharing options...
Extradry Martini Posted February 27, 2009 Author Share Posted February 27, 2009 no sh1t!probably the biggest 'if' I've ever seen in my life The point is that it is worries over banks as places to leave your money which has driven the price of gold, not worries over the future value of money itself. Quote Link to comment Share on other sites More sharing options...
grumpy-old-man-returns Posted February 27, 2009 Share Posted February 27, 2009 (edited) Has anyone else noticed the correlation between gold ramping and the inability to distinguish between your and you're? your right you know. in fact I loose my temper when people make grammatical mistakes like this... Edited February 27, 2009 by grumpy-old-man-returns Quote Link to comment Share on other sites More sharing options...
InternationalRockSuperstar Posted February 27, 2009 Share Posted February 27, 2009 Really? I haven't really seen any coherent facts, arguments or reasoning from you, though next to that guy you look positively scientific in your approach! Fact 1: the Icelandic Gov't issued index-linked bonds. (see central bank website) Fact 2: people who bought them got shafted. Quote Link to comment Share on other sites More sharing options...
Alan B'Stard MP Posted February 27, 2009 Share Posted February 27, 2009 (edited) your right you know.in fact I loose my temper when people make grammatical mistakes like this... Good old GOM Long on heckling, short on analysis. Edited February 27, 2009 by hancial Quote Link to comment Share on other sites More sharing options...
InternationalRockSuperstar Posted February 27, 2009 Share Posted February 27, 2009 The point is that it is worries over banks as places to leave your money which has driven the price of gold, not worries over the future value of money itself. if that was the case then people would keep cash ina safe at home, rather than gold in a safe at home. there wouldn't much reason for people to buy gold if the future value of fiat wasn't in doubt. Quote Link to comment Share on other sites More sharing options...
grumpy-old-man-returns Posted February 27, 2009 Share Posted February 27, 2009 Good old GOMLong on heckling, short on analysis. Quote Link to comment Share on other sites More sharing options...
uncle rogi Posted February 27, 2009 Share Posted February 27, 2009 Has anyone else noticed the correlation between gold ramping and the inability to distinguish between your and you're? has anyone noticed the correlation between bond ramping and the inability to distinguish between economics and geopolitics ? Really? I haven't really seen any coherent facts, arguments or reasoning other than russia/china seeing this downturn bumping up against the leading edge of the start of the payouts of the unfunded liabilities meaning that the chances of being paid back with non inflated dollars are next to nothing.... Quote Link to comment Share on other sites More sharing options...
Extradry Martini Posted February 27, 2009 Author Share Posted February 27, 2009 Fact 1: the Icelandic Gov't issued index-linked bonds. (see central bank website)Fact 2: people who bought them got shafted. Yes, Iceland has issued an index linked bond. No, people have not got shafted as the government has not defaulted on its debt. It may do though, and the UK government may defualt on its debt (it has to be an official default for holders of linkers to lose money, not just an inflaitonary default), but you are wrong to say that they have done. Quote Link to comment Share on other sites More sharing options...
InternationalRockSuperstar Posted February 27, 2009 Share Posted February 27, 2009 No, people have not got shafted as the government has not defaulted on its debt. they have got shafted because the values of these bonds has completely dropped through the floor and the dismal yield from the gov't index isn't anything like making up for it. Quote Link to comment Share on other sites More sharing options...
mdman Posted February 27, 2009 Share Posted February 27, 2009 they have got shafted because the values of these bonds has completely dropped through the floor and the dismal yield from the gov't index isn't anything like making up for it. I think you're getting confused here. If I buy an NSANDI index-linked gilt, I don't care about what happens to the bond market, because I have no intention of selling it into the secondary market (nor do I think I can). All I care about is the interest payment (which is linked to RPI) and receiving that plus the original money I put in at maturity (3 or 5 years). If the price of this bond in the open market collapses to pennies on the pound, I don't care. Quote Link to comment Share on other sites More sharing options...
InternationalRockSuperstar Posted February 27, 2009 Share Posted February 27, 2009 I think you're getting confused here.If I buy an NSANDI index-linked gilt, I don't care about what happens to the bond market, because I have no intention of selling it into the secondary market (nor do I think I can). All I care about is the interest payment (which is linked to RPI) and receiving that plus the original money I put in at maturity (3 or 5 years). If the price of this bond in the open market collapses to pennies on the pound, I don't care. RPI is never going to make up for a currency crash. the Iceland Krona dropped by >50% in a single day (it's hard to put an exact figure on it because banks refused currency exchanges by the end of the day) and the yield from the gov't index (~12% per annum) quite obviously did not make up for this by a long way. Quote Link to comment Share on other sites More sharing options...
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