Melly- address the following issues- if you dare.

as expected.

you are clueless, thats why you can't answer.

You can only cut and paste re hashed ideas as stated by ETO.

Without  doubt you are the dumbest poster on here.

The challenge remains open.

Post a reply if you dare.

Gonna give us the answers Mr Ben in time for us to do something if we so desire ?

I'm pretty sure I don't in fact.

melly- no answers to this thread.

Has seth dumped you yet as his advisor?

It wasn't a poor question bongo. I wish it was just that. It's incessant trolling from a clown who can't tie his own shoe laces but insists in trying to pass off himself as a "trader" on here. Yes, he trades comic books, I guess that makes him a "trader".

The hapless fool didn't even know money is created as debt, the very foundation of today's finance and economics, and shown himself to be ignorant of just about everything else related to finance/econ since then.

I used to set him straight for a while until I realized I'm totally wasting my time. A wise dog doesn't try to bark a fire hydrant straight he p1sses on  it and moves on. I've moved on.

Bongo

You hit the nail on the head there. Time frames. Since he got burned predicting a tsunami of inflation in 3-6 months and caused everybody to laugh at him Melly refuses to do time frames. He just smiles knowingly and gazes off into the far distance. "It's coming" he tells us. "Trust me".

Hello EeternalOptimist - I'm still reading on hyper-inflation, so have more to learn for sure.
There seem to be two main contributors to inflation:
1) Money being created as debt when banks lend of course
2) And governments printing it
Whether there is an accelerative feedback mechanism when both are occurring I don't know but in the last three years there has been a massive reduction in 1). I'm assuming that peer-to-peer lending and wonga type payday lending doesn't create money as debt. There are new banks entering the UK market, e.g. Metro, Marks&Spencer and when they start lending things may ratchet up, also if the established banks increase their lending. The unexpected lower inflation rates in the UK since the VAT rise came out in Feb 2012 seems to have taken some by surprise, and this and the absence of significant 1) in part explains the drop in the gold price ( as buyers who want to protect against inflation evaporate ). But they may be wrong to do so . . .

You seem to enjoy prodding Menelaus when his prediction misses by so much, and he certainly has a lot of ego ( but we all have some ). I'm more interested though in whether his underlying reasoning was correct. Still got much to read . . .

Further to that I have one other logical issue with his analysis. He is only looking at one side. Quelle surprise. For want of a better term he is pointing at the tsunami of money creation and associated shennanigans without addressing the counter balance of what happens in the collapse phase of the economic cycle and the resultant mass deleveraging forces which pull in the opposite direction and especially in this one.

bongo
07 Jul 12 12:10
I'll take on Question 1 if nobody minds:

1.Why has gold fallen so much? Take your time.

What sort of time frame are we looking at here? Clearly looking at a longer term time-frame if we're going for the 'take your time' approach.
Gold has increased about 3% in the last 12 months.

A pretty poor question really.

Bongo- the  "take your time" is not a reference to actual time, its a reference to mellys continuous insults to others posters when he insinuates they have no idea of the answer to melly's infantile questions.

timeframe here is last few weeks  not 12 months.In any case your reference to the 3% rise over 12 months is a moot point.It will be negative if you take it on a down day and mildly positive if your take it on a positive day. Kinda like a  politician taking the most optimistic point to back  up a weak argument.

If you really would like to know why gold falls and rises and how to make money trading it, PM me.