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midas

Member Since 2004-01-19
Offline Last Active Yesterday, 22:51

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Posts I've Made

In Topic: Gold Prices To Continue To Drop, Says Expert

Yesterday, 17:56

yoshiwara, on 2012-05-26 15:41:44, said:

They are people who are scared and spooked by the markets. With regards to shares, I consider blue chip shares present less risk. Re my property I continue to receive rent through the whole crisis. I don't say that this is the only strategy or 100% risk free. Business is built on risk. What the gold bugs have discovered is that holding gold is not a risk-free activity. It is volatile. What I want is an income. Sticking all one's wealth in a supposedly risk-free placement on something which produces no business activity (jewellery?) other than digging it up and then hiding it. As I said before I have no problem with gold traders or even gold miners, but just sitting on one's worldly goods in the form of gold coins? I don't think so. I get income which I can spend. You look at your bag of coins and worry about the future.

erm

.......

what about when the directors feed the shareholders a load of
old codswallop ? Posted Image

" it had restated its 2011 results to reflect a 3.3 billion euro loss, rather than a 41 million euro profit " Posted Image

http://ca.reuters.co...E84R0NK20120528

In Topic: Financial Crisis

Yesterday, 17:40

Naam, on Yesterday, 17:34 , said:

Quote

capital controls coming to Switzerland

Some major banks sense vulnerability. "The honeymoon for the SNB is over," said Paul Meggyesi, a currency strategist at JPMorgan Chase JPM -1.38% & Co. in a research note to clients Monday. A break in the floor is a matter of time, the U.S. bank said. "We are more comfortable in predicting the ultimate demise of the floor...than in calling the timing of such a shift," it said.

http://online.wsj.co...2138232784.html

In Topic: Australian Businesswoman Arrested In Thailand For Criminal Defamation

Yesterday, 16:06

Nisa, on Yesterday, 15:43 , said:

whybother, on Yesterday, 15:01 , said:

Nisa, on Yesterday, 14:55 , said:

whybother, on Yesterday, 14:22 , said:

One of the main differences with defamation laws in Thailand compared to other countries is that in Thailand it doesn't matter whether it is true or not.

If you want to believe myth is reality then go right ahead..

Look at the post above yours to see that the "myth" is reality.

Sounds to me you might be confusing Les Majesty laws with defamation ... two completely different things with one being on topic and the other not. The fact is Defamation by definition needs to be untrue be it here or elsewhere and most all countries have laws dealing with defamation when it come to the punishment and compensation of defamation.

i think your are the one that is confused because you are forgetting
unlike in the West, defamation in Thailand may be both a criminal offense and/or a civil offense.

In Topic: Financial Crisis

Yesterday, 15:48

yoshiwara, on 2012-05-28 21:49:10, said:

midas, on 2012-05-28 16:05:20, said:

yoshiwara, on 2012-05-28 11:13:02, said:

You might be disappointed for some time if the polls move further towards the Coalition Parties and continued dissembling. Maybe it is slowly permeating the thick heads of Greek public sector employees that they might be paid in new Drachmas.

and based on Iceland's experience that might not be a bad thing Posted Image

Quote

Welcome to the Currency War, Part 1: Iceland and the Tragedy of the Commons

So regardless of whether the eurozone dissolves or endures, devaluation is the centerpiece policy. Either the drachma, peseta and lira are revived at a 50% discount, or the euro is devalued by a similar amount. There’s no sound-currency solution to all this debt.

and i know Yoshiwara that you will not like the last 3 words of this article.... Posted Image

http://dollarcollaps...of-the-commons/

You should have read the article before posting. It suggests that part of Iceland's success is due to imposing capital controls and increasing welfare payments. Both of which you are no doubt in favour of. Yes?