Realistbear Posted September 30, 2009 Author Share Posted September 30, 2009 http://www.economicshelp.org/blog/uk-econo...-national-debt/ Although 56.6% of GDP is alot it is worth bearing in mind, that other countries have a much bigger problem. Japan for example have a National debt of 194%, Italy is over 100%. The US national debt is close to 71% of GDP. [see other countries Debt] . Also the UK has had much higher National debt e.g. after second world war is was over 150% of GDP. .../ The Centre for Policy Studies (at end of 2008) argues that the real national debt is actually £1,340 billion, which is 103.5 per cent of GDP. This figure includes all the public sector pension liabilities such as pensions, and Private Finance Initiative contracts e.t.c (Northern Rock liabilities). Public debt leaders: 1. Japan 2. Italy 3. US 4. UK At the end of 2009 we will probably surpass the US (in relation to GDP). Quote Link to comment Share on other sites More sharing options...
Guest P-Diddly Posted September 30, 2009 Share Posted September 30, 2009 If their is a consensus about printing it will result in a pas de deux.In other words, everyone agrees to the value of each other's currency and its purchasing power. Inflation and deflation become irrelevant as there are no base lines. Printing becomes a necessary expedient. How do you make these pictures really big on the screen? Quote Link to comment Share on other sites More sharing options...
Injin Posted September 30, 2009 Share Posted September 30, 2009 http://www.economicshelp.org/blog/uk-econo...-national-debt/Although 56.6% of GDP is alot it is worth bearing in mind, that other countries have a much bigger problem. Japan for example have a National debt of 194%, Italy is over 100%. The US national debt is close to 71% of GDP. [see other countries Debt] . Also the UK has had much higher National debt e.g. after second world war is was over 150% of GDP. .../ The Centre for Policy Studies (at end of 2008) argues that the real national debt is actually £1,340 billion, which is 103.5 per cent of GDP. This figure includes all the public sector pension liabilities such as pensions, and Private Finance Initiative contracts e.t.c (Northern Rock liabilities). Public debt leaders: 1. Japan 2. Italy 3. US 4. UK At the end of 2009 we will probably surpass the US (in relation to GDP). Printy printy. Quote Link to comment Share on other sites More sharing options...
Realistbear Posted September 30, 2009 Author Share Posted September 30, 2009 Printy printy. If their is a consensus about printing it will result in a pas de deux. In other words, everyone agrees to the value of each other's currency and its purchasing power. Inflation and deflation become irrelevant as there are no base lines. Printing becomes a necessary expedient. Quote Link to comment Share on other sites More sharing options...
azogar Posted September 30, 2009 Share Posted September 30, 2009 (edited) I would not be surpirsed to see gold dip below $1k again today. We have had a defineable triple top which suggets market resistance and perhaps an underlying fear that its a PONZI scam and not the one way bet the conspiracy theorists have been suggesting. please, please, please don't start predicting upward moves in gold and just to clarify is it only conspiracy theorists who think gold will increase in price? ($) Edited September 30, 2009 by p.p. Quote Link to comment Share on other sites More sharing options...
Injin Posted September 30, 2009 Share Posted September 30, 2009 (edited) If their is a consensus about printing it will result in a pas de deux.In other words, everyone agrees to the value of each other's currency and its purchasing power. Inflation and deflation become irrelevant as there are no base lines. yes there are - the real physical world. Printing becomes a necessary expedient. For deadbeats and liars to keep their criminal organisation going another month yes. Won't work. I have popcorn. Edited September 30, 2009 by Injin Quote Link to comment Share on other sites More sharing options...
wren Posted September 30, 2009 Share Posted September 30, 2009 Unless of course someone robs you In which case those holding physical gold could get badly hurt ViaMat and Brinks vault holdings are insured. Of course, it isn't free but it isn't very expensive either. Quote Link to comment Share on other sites More sharing options...
200p Posted September 30, 2009 Share Posted September 30, 2009 BOnds have been in a bull market for 30 years. Now is not the time to buy a load [unless you are over 80 years old and need the income]. Their value is inverse to their yield. Anyways, make up your own mind - Remember, even governments have defaulted on bonds through history. Has anyone thought of that? Quote Link to comment Share on other sites More sharing options...
scottbeard Posted September 30, 2009 Share Posted September 30, 2009 Deflation is good news for those wanting to see house prices fall. It is probably disastrous for gold bugs though. I thought the point is that gold should keep its purchasing power whatever the situation? In deflation cash will outperform it, in hyperinflation goods will probably outperform it, but the point is a gold coin will buy you in 20 years' time roughly what it buys you today, whether we get deflation or inflation. There isn't really a "disaster" scenario for gold, but nor is it an "investment" in a conventional sense. Quote Link to comment Share on other sites More sharing options...
grumpy-old-man-returns Posted September 30, 2009 Share Posted September 30, 2009 How do you make these pictures really big on the screen? Quote Link to comment Share on other sites More sharing options...
Guest P-Diddly Posted September 30, 2009 Share Posted September 30, 2009 Quote Link to comment Share on other sites More sharing options...
Guest P-Diddly Posted September 30, 2009 Share Posted September 30, 2009 (edited) It ain't working now. Edited September 30, 2009 by P-Diddly Quote Link to comment Share on other sites More sharing options...
ParticleMan Posted September 30, 2009 Share Posted September 30, 2009 Correlation, or causation? Quote Link to comment Share on other sites More sharing options...
ParticleMan Posted September 30, 2009 Share Posted September 30, 2009 (edited) Of course you can. All that single mum stuff makes more sense now. In a decade or so, it should be worth buying 10y notes. Between then and now I forsee collosal funding problems. I really don't fancy the chances of those who are looking to preserve their savings. Or those who depend on state subsidy. (and yes, you hit the nail bang on the head the other day; I think the Fed is going to try rattling the market a little, in an attempt to stir up M1) Edited September 30, 2009 by ParticleMan Quote Link to comment Share on other sites More sharing options...
Injin Posted September 30, 2009 Share Posted September 30, 2009 Correlation, or causation? You can borrow against your slaves, hmmm? Of course you can. All that single mum stuff makes more sense now. Quote Link to comment Share on other sites More sharing options...
Injin Posted September 30, 2009 Share Posted September 30, 2009 In a decade or so, it should be worth buying 10y notes.Between then and now I forsee collosal funding problems. I really don't fancy the chances of those who are looking to preserve their savings. Or those who depend on state subsidy. (and yes, you hit the nail bang on the head the other day; I think the Fed is going to try rattling the market a little, in an attempt to stir up M1) Quote Link to comment Share on other sites More sharing options...
nohpc Posted September 30, 2009 Share Posted September 30, 2009 both.those holding physical will be the winners. What happens to a commodity when real lack of supply exits & people realise that there isn't another safe haven. all confidence in the financial markets & property will be gone very soon. Gold miners will probably do better than gold. no it isn't.can you explain why you think gold is bad in a deflationary environment please. Because gold price would go down and therefor buy less whereas the cash would be able to buy more. Of course deflation would be the best time to buy gold to hedge against future inflation at low prices. Gold aficionados draw an important distinction between "paper gold" and real physical metal.Don't try to conflate the two. Some suspect that there is much more paper gold than actually exists above ground as physical metal. If so, one day those holding paper gold could get badly burnt. Physical metal entails no counterparty risk which perhaps is the greatest attraction of gold, especially in uncertain times. Many gold etfs are 100% backed by physical gold so there is no risk. Quote Link to comment Share on other sites More sharing options...
InternationalRockSuperstar Posted September 30, 2009 Share Posted September 30, 2009 Many gold etfs are 100% backed by physical gold so there is no risk. thank you! Quote Link to comment Share on other sites More sharing options...
Cogs Posted September 30, 2009 Share Posted September 30, 2009 (edited) Laffer curve questionable Its questionable because people point at a normal distribution and believe that is the shape of the curve. Its an idea, the graph is just a visual aid, nobody knows or can estimate (AFAIK) the shape of it. Bush went for the moronic interpretation, he cut taxes on the rich and wound up with less money. Borrowed to make up the shortfall. Doh. Edited September 30, 2009 by Cogs Quote Link to comment Share on other sites More sharing options...
lowrentyieldmakessense(honest!) Posted September 30, 2009 Share Posted September 30, 2009 Many gold etfs are 100% backed by physical gold so there is no risk. why does it state in their terms and conditions that the price of the etf may not always move in line with the physical price Quote Link to comment Share on other sites More sharing options...
Guest P-Diddly Posted September 30, 2009 Share Posted September 30, 2009 it may not be possible to maintatin a fully hedged possition at all times and rollovers look at USO etf!! Quote Link to comment Share on other sites More sharing options...
nohpc Posted September 30, 2009 Share Posted September 30, 2009 thank you! why does it state in their terms and conditions that the price of the etf may not always move in line with the physical price I guess because gold is illiquid? Quote Link to comment Share on other sites More sharing options...
jonpo Posted September 30, 2009 Share Posted September 30, 2009 why does it state in their terms and conditions that the price of the etf may not always move in line with the physical price it may not be possible to maintatin a fully hedged possition at all times and rollovers look at USO etf!! Quote Link to comment Share on other sites More sharing options...
Guest Steve Cook Posted September 30, 2009 Share Posted September 30, 2009 (edited) How do you make these pictures really big on the screen? You appear to be able to link to an image on another site (see random example below) If you want to use your own image or at least be sure that the link to the image you use is still there, say, next week, set up a quick account with hotmail etc. They allow you to store pics on it. Then link to the location of your pics on that site. Edited September 30, 2009 by Steve Cook Quote Link to comment Share on other sites More sharing options...
jonpo Posted September 30, 2009 Share Posted September 30, 2009 meow! I is fully hedged funded cat ! Quote Link to comment Share on other sites More sharing options...
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