Thursday, August 2, 2012

The Fed and Caesarean Gold

Well, it's all a bit boring really. The usual scenario is taking place this week. A run up in precious metals prices in anticipation Fed stimulus and then down again on 'no will do' from the Fed boys.

It is August after all, and the only thing that really happens this month is your horse has a birthday and  Europe heads for the beaches. Oh well, perhaps we should nip off for a holiday as well...

Still, one has to wonder at the Feds latest tricks. They appear to be running a fine line between doing nothing and letting the economy completely tank. Mind you, the US economy is already in a depression near equal to the 1930s. Back then, workers stood in lines for jobs. The misery was visible. Today, 47 million Americans get sent food stamps financed with printed money. Not visible, so no depression. Yeah right.

On a light-hearted note, here's a story from

"A team of researchers from Tel Aviv University has uncovered a hoard of real-life buried treasure at the Crusader castle of Arsur (also known as Apollonia), a stronghold located between the ancient ports of Jaffa and Caesarea, in use from 1241 to its destruction in 1265. The hoard, comprised of 108 gold coins, mostly dinars dated to the Fatimid Period (ca. 900 to 1100 AD), was discovered in a pot by a university student. The coins bear the names of sultans and blessings, and usually include a date and a mint name that indicates where a coin was struck."

Just think, what if they find a USD paper note somehow intact in 900 years time. Do you think they'll be off to the 2900 AD equivalent of Las Vegas to have a good time? No. It'll be worthless, except maybe for collectors value. Seems gold will still have a purchasing power punch in 900 years though.

Gold in New Zealand dollars: $1982.28 per oz
Previous all-time high: $2311.02 per oz (15 Nov, 2011)

Silver in New Zealand dollars: $33.94 per oz
Previous all-time high: $59.19 per oz (30 Apr, 2011)

The Anglo-Far East Company
AFE is the gold bullion custodial provider of choice for the sophisticated investor,
families, and institutions that require the highest level of discretion, competence,
safety, and service. Your reference when you order: an-001

Go More Raw Seven Day Raw Food Program

Raw food can be interesting, satisfying and taste fantastic. The big bonus is the
optimum nutrition in raw food. For seven days you can put raw food to the test
and you could be pleasantly surprised.

No comments:

Post a Comment