Gordon Brown triggers row with call for bank supertax

[HairyArsedBloke]

All assist classes, except bonds, showed a bottom around March and have recovered somewhat. However, much of that recovery is down to wanting to hold 'anything' except cold hard dollar cash as the value of the dollar evaporates.

It's not a plot by evil 'specultants' - it's load of people with fields of tulips around them.

[AtW]

It's not a plot by evil 'specultants' - it's load of people with fields of tulips around them.

Why in the same period (from start of year) oil gone up by nearly 300% where as gold by only 45%?

[HairyArsedBloke]

Why in the same period (from start of year) oil gone up by nearly 300% where as gold by only 45%?

Oil went down a lot further because it was believed that the world was going into a deep depression and hence the demand for oil would be a lot less.

Some people went into gold.

You are comparing apples and oranges.

[AtW]

Oil went down a lot further because it was believed that the world was going into a deep depression and hence the demand for oil would be a lot less.

So the demand for oil increased in the last 12 months? Nearly 3 times (!) increase in price is no joke - there are reasons behind it and they ain't inflation.

You are comparing apples and oranges.

Inflation is not selective, everything goes up - I know as I've lived through 2100% per annum inflation, that made me understand a little bit better economics than you ever will.

Here is price of gold in the last 20 years:

http://goldprice.org/charts/history/...year_o_usd.png

Let's take fairly low point around 1998 when it cost less than $300, now it is nearly 3 times higher, compare this with oil which was at the time around $10 per barrel, that went up 8 times if using current price, or 15 times if using last years' peak price.

Sure wars had effect on it, but no new wars begun in the last 12 months when it shot up yet again withotu any fundamental explanation to it: this is the result of speculators who borrow cheap money and go into market where they expect to make a killing, they don't get into gold because they know they won't push it as high as oil.

[DiscoStu]

Awesome, another thread where from AtW's keyboard spews forth another torrent of tulip about a subject he doesn't really understand

[AtW]

Awesome, another thread where from AtW's keyboard spews forth another torrent of tulip about a subject he doesn't really understand

Well, if you understand it better then why won't you explain why exactly oil prices goes up by so much more than gold with that alleged dollar inflation being responsible?

[DiscoStu]

Well, if you understand it better then why won't you explain why exactly oil prices goes up by so much more than gold with that alleged dollar inflation being responsible?

Because I'm bored of your forum autism, your complete inability to accept or acknowledge the opinions of others and your refusal to ever accept that you might be wrong.

Sorry, I just can't be arsed.

[AtW]

Sorry, I just can't be arsed.

Why are you responding to me then? Use Ignore option then.

[sasguru]

You better make sure you get some money/your affairs are arranged appropriately for when your business partners get absolutely fed up with your lack of business nous and depose you from your own company.

Of course you can retain absolute control - but then your business will not succeed.

It happened to a friend of mine whose product was far better than yours and who had far better social/business skills than you.


HTH

[minestrone]

You better make sure you get some money/your affairs are arranged appropriately for when your business partners get absolutely fed up with your lack of business nous and depose you from your own company.

Of course you can retain absolute control - but then your business will not succeed.

It happened to a friend of mine whose product was far better than yours and who had far better social/business skills than you.


HTH

Seen that happen.