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 (1615 views)
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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.

Wednesday, December 2, 2009 10:57PM Report Comment

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.
December 01, 2009

Wednesday, December 2, 2009 11:14PM Report Comment

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.

Wednesday, December 2, 2009 11:56PM Report Comment

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?

Thursday, December 3, 2009 12:25AM Report Comment

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!

Thursday, December 3, 2009 01:10AM Report Comment

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.

Thursday, December 3, 2009 09:02AM Report Comment

7. crunchy said...


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!

Thursday, December 3, 2009 09:33AM Report Comment

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

Thursday, December 3, 2009 09:56AM Report Comment

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

Thursday, December 3, 2009 10:33AM Report Comment

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.

Thursday, December 3, 2009 10:38AM Report Comment

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.

Thursday, December 3, 2009 10:47AM Report Comment

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.

Thursday, December 3, 2009 11:17AM Report Comment

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.

Thursday, December 3, 2009 11:21AM Report Comment

14. the number cruncher said...

Speculation should be outlawed, whatever you say

No better than parasites on society...

Thursday, December 3, 2009 11:58AM Report Comment

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!

Thursday, December 3, 2009 12:26PM Report Comment

16. crunchy said...

Speculation is a fact of "life". Ooopps! You can take this comment very, very seriously now. lol

Thursday, December 3, 2009 01:53PM Report Comment

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.

Thursday, December 3, 2009 01:59PM Report Comment

18. Cusinvinnie said...

@17. Finally someone that understands. Maybe you could explain it to the media, and in particular, that Ambrose-anti-Germany-Pr1ck!

Thursday, December 3, 2009 02:56PM Report Comment

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..

Thursday, December 3, 2009 10:24PM Report Comment

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