The Big Bailout of the Eurozone (Another crisis coming? - Seriously)

[lynchbhoy]

you would want to buy a savage amount of gold in order to make money as a long term investment .....its a bit like shares.
Unlike shares, gold is guaranteed to go up in value in the future (unless they find el dorado, or a new prev undiscovered gold mountain range or find that mars is made up of mostly gold).

[Lone Shark]

you would want to buy a savage amount of gold in order to make money as a long term investment .....its a bit like shares.
Unlike shares, gold is guaranteed to go up in value in the future (unless they find el dorado, or a new prev undiscovered gold mountain range or find that mars is made up of mostly gold).

Now now Lynchbhoy, don't be doing that. I'm as much of a goldbug as you'll get on this site but nothing is guaranteed. I hope it goes up, but you may recall we created a few problems in this country relatively recently with the idea that certain investments can only go in the one direction, so lets not go down that road again!

[bcarrier]

The arguments for buying gold are remarkably like the ones that have been used to promote land and property as an asset class ...ie its is tangible and they arent making any more of it .

Without the gold standard I just dont get it .

[muppet]

Mary Coughlan insists 'Golden Circle'Investors are entitled to their privacy

Cowen said in the Dáil yesterday that suggestions that he was protecting the investors 'inpugned his integrity'. In the article above Coughlan says that the investors had the right to client banker confidentiality.

It is most noble that our Government prioritise the rights of the newly broke, especialy given that they will be partially responsible for making the rest of us newly broke as well. Viva la revolution.

Starting by looking for the identity of the 10 is probably the wrong way we should be looking at this. We could get there another way.

This was referred to by Enda Kenny:

irishstatutebook.ie

SECTION 60 - Giving of financial assistance by a company for the purchase of its shares.

1) Subject to subsections (2), (12) and (13), it shall not be lawful for a company to give, whether directly or indirectly, and whether by means of a loan, guarantee, the provision of security or otherwise, any financial assistance for the purpose of or in connection with a purchase or subscription made or to be made by any person of or for any shares in the company, or, where the company is a subsidiary company, in its holding company.

I am open to correction but AFAIK it is illegal for a company to treat one shareholder more favourably than another. If that is correct that would mean it would be illegal to give a cheap loan with little security (none as it turned out) to the 10 investors if this facility was not offered to all shareholders.

[/size]

We should demand to know who approved this at Anglo and to what level it was authorised.
We as owners of the bank deserve to know whether the Board was aware of and approved this action?
The 10 investors would obviously have to be investigated in the event of the above.

Coughlan's nonsense about banker-client confidentiality is spectacular b*llsh*it. Obviously she was sent out to deliver it as she doesn't understand and actually believed it. She might as well have said murderer-victim confidentiality.  

[lynchbhoy]

you would want to buy a savage amount of gold in order to make money as a long term investment .....its a bit like shares.
Unlike shares, gold is guaranteed to go up in value in the future (unless they find el dorado, or a new prev undiscovered gold mountain range or find that mars is made up of mostly gold).

Now now Lynchbhoy, don't be doing that. I'm as much of a goldbug as you'll get on this site but nothing is guaranteed. I hope it goes up, but you may recall we created a few problems in this country relatively recently with the idea that certain investments can only go in the one direction, so lets not go down that road again!

which is why I never bought into the dot.com or shares frenzy, as I never saw the value/market.

However gold is a finite resource and unless there is new discoveries of massive amounts of reserves, this valuable metal , like oil, gas and armaghs ulster championship winning - will all come to an end in the not too distant future.

I cannot see any comparison with the likes of stocks and shares apart from that you can buy and trade them.
At least with Gold you have something that is tangiable and if what I say earlier materialises, it will incread exponentially at some point.
Its being isnt subject to the inept/bad practices , market trends or brown envelopes that have destroyed the companies  that stocks and shares are based on.

[muppet]

you would want to buy a savage amount of gold in order to make money as a long term investment .....its a bit like shares.
Unlike shares, gold is guaranteed to go up in value in the future (unless they find el dorado, or a new prev undiscovered gold mountain range or find that mars is made up of mostly gold).

Now now Lynchbhoy, don't be doing that. I'm as much of a goldbug as you'll get on this site but nothing is guaranteed. I hope it goes up, but you may recall we created a few problems in this country relatively recently with the idea that certain investments can only go in the one direction, so lets not go down that road again!

which is why I never bought into the dot.com or shares frenzy, as I never saw the value/market.

However gold is a finite resource and unless there is new discoveries of massive amounts of reserves, this valuable metal , like oil, gas and armaghs ulster championship winning - will all come to an end in the not too distant future.

I cannot see any comparison with the likes of stocks and shares apart from that you can buy and trade them.
At least with Gold you have something that is tangiable and if what I say earlier materialises, it will incread exponentially at some point.
Its being isnt subject to the inept/bad practices , market trends or brown envelopes that have destroyed the companies  that stocks and shares are based on.

Gold is the new silver which was the new oil which was the new property which was the new dot.com.................

Only two constants. Bread and potable water.

[lynchbhoy]

you would want to buy a savage amount of gold in order to make money as a long term investment .....its a bit like shares.
Unlike shares, gold is guaranteed to go up in value in the future (unless they find el dorado, or a new prev undiscovered gold mountain range or find that mars is made up of mostly gold).

Now now Lynchbhoy, don't be doing that. I'm as much of a goldbug as you'll get on this site but nothing is guaranteed. I hope it goes up, but you may recall we created a few problems in this country relatively recently with the idea that certain investments can only go in the one direction, so lets not go down that road again!

which is why I never bought into the dot.com or shares frenzy, as I never saw the value/market.

However gold is a finite resource and unless there is new discoveries of massive amounts of reserves, this valuable metal , like oil, gas and armaghs ulster championship winning - will all come to an end in the not too distant future.

I cannot see any comparison with the likes of stocks and shares apart from that you can buy and trade them.
At least with Gold you have something that is tangiable and if what I say earlier materialises, it will incread exponentially at some point.
Its being isnt subject to the inept/bad practices , market trends or brown envelopes that have destroyed the companies  that stocks and shares are based on.

Gold is the new silver which was the new oil which was the new property which was the new dot.com.................

Only two constants. Bread and potable water.

dont know how anyone can compare stocks/shares/dot.com with natural resources that are getting scarecer by the year.
I would think Gold/silver will follow in the same manner as diamonds...unless the diamond market is going o go bust and they will be giving them away soon (which would cost me a whole lot less when buying gifts for the missus)

[Rossfan]

. Bread and potable water.

dont know how anyone can compare stocks/shares/dot.com with natural resources that are getting scarecer by the year.I[/quote]

I think you'll find that the amount of water remains constant on the planet all the time.

[muppet]

you would want to buy a savage amount of gold in order to make money as a long term investment .....its a bit like shares.
Unlike shares, gold is guaranteed to go up in value in the future (unless they find el dorado, or a new prev undiscovered gold mountain range or find that mars is made up of mostly gold).

Now now Lynchbhoy, don't be doing that. I'm as much of a goldbug as you'll get on this site but nothing is guaranteed. I hope it goes up, but you may recall we created a few problems in this country relatively recently with the idea that certain investments can only go in the one direction, so lets not go down that road again!

which is why I never bought into the dot.com or shares frenzy, as I never saw the value/market.

However gold is a finite resource and unless there is new discoveries of massive amounts of reserves, this valuable metal , like oil, gas and armaghs ulster championship winning - will all come to an end in the not too distant future.

I cannot see any comparison with the likes of stocks and shares apart from that you can buy and trade them.
At least with Gold you have something that is tangiable and if what I say earlier materialises, it will incread exponentially at some point.
Its being isnt subject to the inept/bad practices , market trends or brown envelopes that have destroyed the companies  that stocks and shares are based on.

Gold is the new silver which was the new oil which was the new property which was the new dot.com.................

Only two constants. Bread and potable water.

dont know how anyone can compare stocks/shares/dot.com with natural resources that are getting scarecer by the year.
I would think Gold/silver will follow in the same manner as diamonds...unless the diamond market is going o go bust and they will be giving them away soon (which would cost me a whole lot less when buying gifts for the missus)

Yes but can she eat them?

[Donagh]

Thanks lads. I'm not trying to make money Lynchbhoy, but rather protect what I have in real terms in order to secure my assets for the family. Am probably being paranoid, but a poster on another forum who has been predicting things spot on this past year or so, reckons the yoyo and the great British pound are going to go south very soon. Would rather take a small loss on the gold than see the value of the cash I've worked hard to gather over the past few years be wiped out altogether.

[pintsofguinness]

Thanks lads. I'm not trying to make money Lynchbhoy, but rather protect what I have in real terms in order to secure my assets for the family. Am probably being paranoid, but a poster on another forum who has been predicting things spot on this past year or so, reckons the yoyo and the great British pound are going to go south very soon.

I thought you were a socialist?
You should be giving your money to me so we can be on a more equal footing.

[carribbear]

Thanks lads. I'm not trying to make money Lynchbhoy, but rather protect what I have in real terms in order to secure my assets for the family. Am probably being paranoid, but a poster on another forum who has been predicting things spot on this past year or so, reckons the yoyo and the great British pound are going to go south very soon.

I thought you were a socialist?
You should be giving your money to me so we can be on a more equal footing.

The states are trying to encourage "communities" to volunteer to do work in their areas thus saving the government millions on paying staff.
How long it will be until they start soup kitchens for these workers is unknown but it's a slippery slope. Wait until the irish government try to implement this one....

[Donagh]

I thought you were a socialist?
You should be giving your money to me so we can be on a more equal footing.

A commonly misunderstood notion of the socialist concept pints. Rather than me sharing my meager resources with you and you passing over some of your hard earned capital to me it would be better if we both nailed Seany Fitz for a few hundred grand each. But as that is not going to happen this side of the revolution, just like Caitriona Ruane sending her kids to grammar school, I'm afraid I'm forced to work with the existing system for the good of my wee family until something better comes along.

[muppet]

I thought you were a socialist?
You should be giving your money to me so we can be on a more equal footing.

A commonly misunderstood notion of the socialist concept pints. Rather than me sharing my meager resources with you and you passing over some of your hard earned capital to me it would be better if we both nailed Seany Fitz for a few hundred grand each. But as that is not going to happen this side of the revolution, just like Caitriona Ruane sending her kids to grammar school, I'm afraid I'm forced to work with the existing system for the good of my wee family until something better comes along.

I've seen those predictions and I agree the poster has been good. But I've seen another, who has been on the ball, predict massive food shortages in the States and UK before the end of the year.

We are now entering a doom and gloom bubble that will hopefully burst like the rest of them.

[the Deel Rover]

Whats the name of the forum lads and does it have a bar