Who's the savvy investor then? (41)
Bogart_1960Ask me !, Provence-Alpes-Cote d'Azur France36 Threads 1 Polls 10,012 Postsooby_dooby: Bitcoin is not for serious investors, it's for beginners and gamblers.
i am with Buffet and you on this one. I don't invest in bitcoins.------ This thread is Archived ------
Bogart_1960: Two points; :
A)
1. bricks and mortar banks are not dead; as everything they have evolved, and become lot more profitable. They have a solid "customer base" and "moneys to change.
2. certain bank activities do require being "brick". even for small users.
B)
1. Revolut Mozo, nickel, Morning etc (neobanks) have a potential to grab a share of the bank market, if they can provide additional services at lower costs (online services are already provided by brick banks).
2. neobanks did "revolutionize" banking by providing services (making easier to open "trans accounts) but they have not and will not "revolutionize " banking, per se, as they have to follow "bank laws".
Interesting input. What do you make of Bitcoin?A)
1. bricks and mortar banks are not dead; as everything they have evolved, and become lot more profitable. They have a solid "customer base" and "moneys to change.
2. certain bank activities do require being "brick". even for small users.
B)
1. Revolut Mozo, nickel, Morning etc (neobanks) have a potential to grab a share of the bank market, if they can provide additional services at lower costs (online services are already provided by brick banks).
2. neobanks did "revolutionize" banking by providing services (making easier to open "trans accounts) but they have not and will not "revolutionize " banking, per se, as they have to follow "bank laws".
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OnlyLiveTwice: Interesting input. What do you make of Bitcoin?
i don't. the best argument (that i support) is from Buffet:"If you buy something like bitcoin or some cryptocurrency, you don’t have anything that is producing anything,” you’ll find the next guy to pay more if he thinks he’s going to find someone that’s going to pay more."
some day cryptocurrency will take over with a different format, from banks. .
For now it is a good laundromat.
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Bogart_1960: i don't. the best argument (that i support) is from Buffet:
"If you buy something like bitcoin or some cryptocurrency, you don’t have anything that is producing anything,” you’ll find the next guy to pay more if he thinks he’s going to find someone that’s going to pay more."
some day cryptocurrency will take over with a different format, from banks. .
For now it is a good laundromat.
You could say the same thing about gold."If you buy something like bitcoin or some cryptocurrency, you don’t have anything that is producing anything,” you’ll find the next guy to pay more if he thinks he’s going to find someone that’s going to pay more."
some day cryptocurrency will take over with a different format, from banks. .
For now it is a good laundromat.
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OnlyLiveTwice: You could say the same thing about gold.
how? explain------ This thread is Archived ------
Bogart_1960: how? explain
It doesn't produce anything. It just sits there looking at you. 
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The fundamental difference between Bitcoin & gold is supply and demand. It's very difficult to alter the supply of gold and fairly easy to alter the supply of Bitcoin. A teenager can produce bitcoin in his bedroom without leaving the house.
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They say pot stocks. I've heard terrible things about gold. They say it's not nearly the "disaster investment" they say it is. Tech is still touted by my experts. Diversify of course and always use a stop loss when investing in stocks. With this market, maybe 5% stop loss, though the experts say 25%! I think not.
I expect your problem is the same one Lincoln had (I know it's my problem). You just want a handicapped economist! Lincoln would complain "My economist say on the one hand, but then on the other hand"!
Good luck. I think you probably know as much as these experts but a few good newsletters can't hurt.
I expect your problem is the same one Lincoln had (I know it's my problem). You just want a handicapped economist! Lincoln would complain "My economist say on the one hand, but then on the other hand"!
Good luck. I think you probably know as much as these experts but a few good newsletters can't hurt.
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My son is.
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I'd probably disagree with most of what's been posted thus far.
Tonight i listened on our ABC TV financial news regarding fund managers paying to place there funds in Swiss or EU bonds. In other words retirement fund mangers are forgoing interest on deposits and paying to shift the funds they have under-management into $0- earning bonds.
Short copy and paste some the reading i just did on that subject:
Swiss debt investors have "far deeper pockets" after financial crises in Europe and Brexit lured money into the country as a safe haven, and they are basically focused on high-grade debt, he said. Those debt buyers are looking to diversify away from European assets, he said.
The Swiss bond market has been booming overall, with 19 billion francs of issuance so far in 2019, the fastest pace for the period since 2015. BLOOMBERG
With a massive flight to safety pushing bond yields to record lows in Europe, investors say it’s the perfect time for Apple to flaunt its corporate debt and its AA1 debt rating in front of investors.
"[this paragraph subject; my impute pertaining to what that means] Apple has done very well selling Apple Computers to consumers in China"! [end my impute]
“In Europe, institutional investors are desperate to find a place to put money, and there is limited liquidity in the bond market. That is, people are unwilling to sell bonds,” noted Darren Ruane, head of Fixed Interest at Investec Wealth & Investment Limited.
My impute Gold is good, Swiss Franc is still underwritten by 20% GOLD.
Uncle Sam is still the worlds biggest gold holder 18,000 + tons. But clown Regan ditched international gold settlements 1984.
Enter 1:
The World Bank has been funding third world countries gold purchases ever since.
Enter 2:
The inspired One Belt Initiative does not make settlements in US$'s, Russia and China have been actively buying gold for few years now.
Enter 3:
Because the US lost its AAA rating this coming September America is not likely to be able to increase Fed Borrowings...and will probably be forced to cut some federal services.
Enter 4:
America has a US$ 23 trillion debit, most of that is internal debit.
Enter 5:
There is still US$ 75 trillion outstanding worth of legally binding loans that are derivatives. Yes some expressed a view they had been forgiven I think (as UK Exchequer does) not likely...in other words there is US$ 75 trillion of debit floating about up in the shy.
Enter 6:
If you go to your local market to buy food because the super markets have closed and try and buy something with a US$ you'll likely stave to death, however if you produced a small bit of gold to pay for the food you'd likely buy the whole market.
Enter 7:
Money is only as good as peoples confidence in the script. China, Russia and 46 other countries are no longer settling in US Dollars. Trump is pulling his pudd...
Tonight i listened on our ABC TV financial news regarding fund managers paying to place there funds in Swiss or EU bonds. In other words retirement fund mangers are forgoing interest on deposits and paying to shift the funds they have under-management into $0- earning bonds.
Short copy and paste some the reading i just did on that subject:
Swiss debt investors have "far deeper pockets" after financial crises in Europe and Brexit lured money into the country as a safe haven, and they are basically focused on high-grade debt, he said. Those debt buyers are looking to diversify away from European assets, he said.
The Swiss bond market has been booming overall, with 19 billion francs of issuance so far in 2019, the fastest pace for the period since 2015. BLOOMBERG
With a massive flight to safety pushing bond yields to record lows in Europe, investors say it’s the perfect time for Apple to flaunt its corporate debt and its AA1 debt rating in front of investors.
"[this paragraph subject; my impute pertaining to what that means] Apple has done very well selling Apple Computers to consumers in China"! [end my impute]
“In Europe, institutional investors are desperate to find a place to put money, and there is limited liquidity in the bond market. That is, people are unwilling to sell bonds,” noted Darren Ruane, head of Fixed Interest at Investec Wealth & Investment Limited.
My impute Gold is good, Swiss Franc is still underwritten by 20% GOLD.
Uncle Sam is still the worlds biggest gold holder 18,000 + tons. But clown Regan ditched international gold settlements 1984.
Enter 1:
The World Bank has been funding third world countries gold purchases ever since.
Enter 2:
The inspired One Belt Initiative does not make settlements in US$'s, Russia and China have been actively buying gold for few years now.
Enter 3:
Because the US lost its AAA rating this coming September America is not likely to be able to increase Fed Borrowings...and will probably be forced to cut some federal services.
Enter 4:
America has a US$ 23 trillion debit, most of that is internal debit.
Enter 5:
There is still US$ 75 trillion outstanding worth of legally binding loans that are derivatives. Yes some expressed a view they had been forgiven I think (as UK Exchequer does) not likely...in other words there is US$ 75 trillion of debit floating about up in the shy.
Enter 6:
If you go to your local market to buy food because the super markets have closed and try and buy something with a US$ you'll likely stave to death, however if you produced a small bit of gold to pay for the food you'd likely buy the whole market.
Enter 7:
Money is only as good as peoples confidence in the script. China, Russia and 46 other countries are no longer settling in US Dollars. Trump is pulling his pudd...
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Wall Street is a place where people with money go to find people with experience to manage their money. In the end, it's the people with experience that end up with the money and all the people with the money end up with is experience.
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Insanity update:
Germany will auction a 30-year bond with a 0% interest rate for the first time on Wednesday, according to several media outlets.
The bond sale will mean the German government will not make any interest payments to those buying the bond until it matures in August 2050.
A zero-coupon bond is an option for investors to park their money in a longer term safe-haven asset and lock their cash for a 30-year period amid global uncertainties.
Kyle Bass (hedge fund manager) says US interest rates will follow the rest of the world to zero — ‘This is insane’
Germany will auction a 30-year bond with a 0% interest rate for the first time on Wednesday, according to several media outlets.
The bond sale will mean the German government will not make any interest payments to those buying the bond until it matures in August 2050.
A zero-coupon bond is an option for investors to park their money in a longer term safe-haven asset and lock their cash for a 30-year period amid global uncertainties.
Kyle Bass (hedge fund manager) says US interest rates will follow the rest of the world to zero — ‘This is insane’
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robplum: I'd probably disagree with most of what's been posted thus far.
Tonight i listened on our ABC TV financial news regarding fund managers paying to place there funds in Swiss or EU bonds. In other words retirement fund mangers are forgoing interest on deposits and paying to shift the funds they have under-management into $0- earning bonds.
Short copy and paste some the reading i just did on that subject:
Swiss debt investors have "far deeper pockets" after financial crises in Europe and Brexit lured money into the country as a safe haven, and they are basically focused on high-grade debt, he said. Those debt buyers are looking to diversify away from European assets, he said.
The Swiss bond market has been booming overall, with 19 billion francs of issuance so far in 2019, the fastest pace for the period since 2015. BLOOMBERG
With a massive flight to safety pushing bond yields to record lows in Europe, investors say it’s the perfect time for Apple to flaunt its corporate debt and its AA1 debt rating in front of investors.
"[this paragraph subject; my impute pertaining to what that means] Apple has done very well selling Apple Computers to consumers in China"! [end my impute]
“In Europe, institutional investors are desperate to find a place to put money, and there is limited liquidity in the bond market. That is, people are unwilling to sell bonds,” noted Darren Ruane, head of Fixed Interest at Investec Wealth & Investment Limited.
My impute Gold is good, Swiss Franc is still underwritten by 20% GOLD.
Uncle Sam is still the worlds biggest gold holder 18,000 + tons. But clown Regan ditched international gold settlements 1984.
Enter 1:
The World Bank has been funding third world countries gold purchases ever since.
Enter 2:
The inspired One Belt Initiative does not make settlements in US$'s, Russia and China have been actively buying gold for few years now.
Enter 3:
Because the US lost its AAA rating this coming September America is not likely to be able to increase Fed Borrowings...and will probably be forced to cut some federal services.
Enter 4:
America has a US$ 23 trillion debit, most of that is internal debit.
Enter 5:
There is still US$ 75 trillion outstanding worth of legally binding loans that are derivatives. Yes some expressed a view they had been forgiven I think (as UK Exchequer does) not likely...in other words there is US$ 75 trillion of debit floating about up in the shy.
Enter 6:
If you go to your local market to buy food because the super markets have closed and try and buy something with a US$ you'll likely stave to death, however if you produced a small bit of gold to pay for the food you'd likely buy the whole market.
Enter 7:
Money is only as good as peoples confidence in the script. China, Russia and 46 other countries are no longer settling in US Dollars. Trump is pulling his pudd...
In November 2014, the referendum on the "Swiss Gold Initiative" which proposed a restoration of 20% gold backing for the Swiss franc, was voted down.Tonight i listened on our ABC TV financial news regarding fund managers paying to place there funds in Swiss or EU bonds. In other words retirement fund mangers are forgoing interest on deposits and paying to shift the funds they have under-management into $0- earning bonds.
Short copy and paste some the reading i just did on that subject:
Swiss debt investors have "far deeper pockets" after financial crises in Europe and Brexit lured money into the country as a safe haven, and they are basically focused on high-grade debt, he said. Those debt buyers are looking to diversify away from European assets, he said.
The Swiss bond market has been booming overall, with 19 billion francs of issuance so far in 2019, the fastest pace for the period since 2015. BLOOMBERG
With a massive flight to safety pushing bond yields to record lows in Europe, investors say it’s the perfect time for Apple to flaunt its corporate debt and its AA1 debt rating in front of investors.
"[this paragraph subject; my impute pertaining to what that means] Apple has done very well selling Apple Computers to consumers in China"! [end my impute]
“In Europe, institutional investors are desperate to find a place to put money, and there is limited liquidity in the bond market. That is, people are unwilling to sell bonds,” noted Darren Ruane, head of Fixed Interest at Investec Wealth & Investment Limited.
My impute Gold is good, Swiss Franc is still underwritten by 20% GOLD.
Uncle Sam is still the worlds biggest gold holder 18,000 + tons. But clown Regan ditched international gold settlements 1984.
Enter 1:
The World Bank has been funding third world countries gold purchases ever since.
Enter 2:
The inspired One Belt Initiative does not make settlements in US$'s, Russia and China have been actively buying gold for few years now.
Enter 3:
Because the US lost its AAA rating this coming September America is not likely to be able to increase Fed Borrowings...and will probably be forced to cut some federal services.
Enter 4:
America has a US$ 23 trillion debit, most of that is internal debit.
Enter 5:
There is still US$ 75 trillion outstanding worth of legally binding loans that are derivatives. Yes some expressed a view they had been forgiven I think (as UK Exchequer does) not likely...in other words there is US$ 75 trillion of debit floating about up in the shy.
Enter 6:
If you go to your local market to buy food because the super markets have closed and try and buy something with a US$ you'll likely stave to death, however if you produced a small bit of gold to pay for the food you'd likely buy the whole market.
Enter 7:
Money is only as good as peoples confidence in the script. China, Russia and 46 other countries are no longer settling in US Dollars. Trump is pulling his pudd...
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so what you got now Euro?
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yes but
Switzerland still maintains the world's 8th largest official gold reserves, with holdings of 1040 tonnes of gold. These gold reserves are owned by the State but held by the Swiss National Bank (SNB). ... The SNB is demonstrably secretive about its gold activities and operations, and reveals minimum information to the public
Switzerland still maintains the world's 8th largest official gold reserves, with holdings of 1040 tonnes of gold. These gold reserves are owned by the State but held by the Swiss National Bank (SNB). ... The SNB is demonstrably secretive about its gold activities and operations, and reveals minimum information to the public
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"In November 2014, the referendum on the "Swiss Gold Initiative" which proposed a restoration of 20% gold backing for the Swiss franc, was voted down."!
I don't think that was the case at all Conrad, the referendum proposed an increase to 40% gold backing, and that is why i posted what amounts to a misleading comment regarding the November 2014 referendums purpose, e.g. Switzerland still maintains the world's 8th largest official gold reserves, with holdings of 1040 tonnes of gold. These gold reserves are owned by the State but held by the Swiss National Bank (SNB). ... The SNB is demonstrably secretive about its gold activities and operations, and reveals minimum information to the public.
A savvy investor might consider moving loose-change into Swiss Francs, the Swiss Franc is still the official currency of Switzerland, and is backed to the best of my knowledge and belief by the countries still held 20% gold reserves.
During my traveling days I used to always carry traveller's cheques written in Swiss Francs.
Once upon-a-time a long time ago i woke up in India and other traveller's lost 30% of the US$ value they carried. And by the way, though outdated you can still cash traveller's cheques at exchange offices at train stations or at a bank in Switzerland.
Its possible the English Pound (current rate 1 pound = Swiss Franc 1.19) and the US Dollar (current rate 1 US$ = 0.97 Swiss Franc) that might all change, holding your loose-change in Swiss Franc, whichever method you use possibly be a good move but then Conrad probably come up with his opinion sooner or later
I don't think that was the case at all Conrad, the referendum proposed an increase to 40% gold backing, and that is why i posted what amounts to a misleading comment regarding the November 2014 referendums purpose, e.g. Switzerland still maintains the world's 8th largest official gold reserves, with holdings of 1040 tonnes of gold. These gold reserves are owned by the State but held by the Swiss National Bank (SNB). ... The SNB is demonstrably secretive about its gold activities and operations, and reveals minimum information to the public.
A savvy investor might consider moving loose-change into Swiss Francs, the Swiss Franc is still the official currency of Switzerland, and is backed to the best of my knowledge and belief by the countries still held 20% gold reserves.
During my traveling days I used to always carry traveller's cheques written in Swiss Francs.
Once upon-a-time a long time ago i woke up in India and other traveller's lost 30% of the US$ value they carried. And by the way, though outdated you can still cash traveller's cheques at exchange offices at train stations or at a bank in Switzerland.
Its possible the English Pound (current rate 1 pound = Swiss Franc 1.19) and the US Dollar (current rate 1 US$ = 0.97 Swiss Franc) that might all change, holding your loose-change in Swiss Franc, whichever method you use possibly be a good move but then Conrad probably come up with his opinion sooner or later
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Competitive devaluation and monetary easing led to sharp fall in interest rates in 1930s
Global trade tensions paves the way for a likely currency war: IMF forecast
Doaa A.Moneim , Wednesday 21 Aug 2019
Global trade tensions paves the way for a likely currency war: IMF forecast
Doaa A.Moneim , Wednesday 21 Aug 2019
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robplum: "In November 2014, the referendum on the "Swiss Gold Initiative" which proposed a restoration of 20% gold backing for the Swiss franc, was voted down."!
I don't think that was the case at all Conrad, the referendum proposed an increase to 40% gold backing, and that is why i posted what amounts to a misleading comment regarding the November 2014 referendums purpose, e.g. Switzerland still maintains the world's 8th largest official gold reserves, with holdings of 1040 tonnes of gold. These gold reserves are owned by the State but held by the Swiss National Bank (SNB). ... The SNB is demonstrably secretive about its gold activities and operations, and reveals minimum information to the public.
A savvy investor might consider moving loose-change into Swiss Francs, the Swiss Franc is still the official currency of Switzerland, and is backed to the best of my knowledge and belief by the countries still held 20% gold reserves.
During my traveling days I used to always carry traveller's cheques written in Swiss Francs.
Once upon-a-time a long time ago i woke up in India and other traveller's lost 30% of the US$ value they carried. And by the way, though outdated you can still cash traveller's cheques at exchange offices at train stations or at a bank in Switzerland.
Its possible the English Pound (current rate 1 pound = Swiss Franc 1.19) and the US Dollar (current rate 1 US$ = 0.97 Swiss Franc) that might all change, holding your loose-change in Swiss Franc, whichever method you use possibly be a good move but then Conrad probably come up with his opinion sooner or later
The Swiss franc has historically been considered a safe-haven currency, with a legal requirement that a minimum of 40% be backed by gold reserves. However, this link to gold, which dated from the 1920s, was terminated on 1 May 2000 following a referendum.I don't think that was the case at all Conrad, the referendum proposed an increase to 40% gold backing, and that is why i posted what amounts to a misleading comment regarding the November 2014 referendums purpose, e.g. Switzerland still maintains the world's 8th largest official gold reserves, with holdings of 1040 tonnes of gold. These gold reserves are owned by the State but held by the Swiss National Bank (SNB). ... The SNB is demonstrably secretive about its gold activities and operations, and reveals minimum information to the public.
A savvy investor might consider moving loose-change into Swiss Francs, the Swiss Franc is still the official currency of Switzerland, and is backed to the best of my knowledge and belief by the countries still held 20% gold reserves.
During my traveling days I used to always carry traveller's cheques written in Swiss Francs.
Once upon-a-time a long time ago i woke up in India and other traveller's lost 30% of the US$ value they carried. And by the way, though outdated you can still cash traveller's cheques at exchange offices at train stations or at a bank in Switzerland.
Its possible the English Pound (current rate 1 pound = Swiss Franc 1.19) and the US Dollar (current rate 1 US$ = 0.97 Swiss Franc) that might all change, holding your loose-change in Swiss Franc, whichever method you use possibly be a good move but then Conrad probably come up with his opinion sooner or later
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Listen up Conrad, you have fallen off the planet mate. READ WHAT I HAVE INFORMED YOU ABOUT CONRAD because your wrong, your wrong, your wrong..
Gold Reserves in Switzerland remained unchanged at 1040 Tonnes in the second quarter of 2019
Switzerland’s Gold Reserves was reported at 46.574 USD bn in Jun 2019
Gold Reserves in Switzerland remained unchanged at 1040 Tonnes in the second quarter of 2019 from 1040 Tonnes in the first quarter of 2019. Gold Reserves in Switzerland averaged 1323.30 Tonnes from 2000 until 2019, reaching an all time high of 2590.18 Tonnes in the first quarter of 2000 and a record low of 1039.99 Tonnes in the second quarter of 2014.
Gold Reserves in Switzerland remained unchanged at 1040 Tonnes in the second quarter of 2019
Switzerland’s Gold Reserves was reported at 46.574 USD bn in Jun 2019
Gold Reserves in Switzerland remained unchanged at 1040 Tonnes in the second quarter of 2019 from 1040 Tonnes in the first quarter of 2019. Gold Reserves in Switzerland averaged 1323.30 Tonnes from 2000 until 2019, reaching an all time high of 2590.18 Tonnes in the first quarter of 2000 and a record low of 1039.99 Tonnes in the second quarter of 2014.
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robplum: Listen up Conrad, you have fallen off the planet mate. READ WHAT I HAVE INFORMED YOU ABOUT CONRAD because your wrong, your wrong, your wrong..
Gold Reserves in Switzerland remained unchanged at 1040 Tonnes in the second quarter of 2019
Switzerland’s Gold Reserves was reported at 46.574 USD bn in Jun 2019
Gold Reserves in Switzerland remained unchanged at 1040 Tonnes in the second quarter of 2019 from 1040 Tonnes in the first quarter of 2019. Gold Reserves in Switzerland averaged 1323.30 Tonnes from 2000 until 2019, reaching an all time high of 2590.18 Tonnes in the first quarter of 2000 and a record low of 1039.99 Tonnes in the second quarter of 2014.
you better re-read your post where you claim that the Swiss-Franc is backed by Gold, when that backing was actually removed in 2000,then climb back onto the Planet!Gold Reserves in Switzerland remained unchanged at 1040 Tonnes in the second quarter of 2019
Switzerland’s Gold Reserves was reported at 46.574 USD bn in Jun 2019
Gold Reserves in Switzerland remained unchanged at 1040 Tonnes in the second quarter of 2019 from 1040 Tonnes in the first quarter of 2019. Gold Reserves in Switzerland averaged 1323.30 Tonnes from 2000 until 2019, reaching an all time high of 2590.18 Tonnes in the first quarter of 2000 and a record low of 1039.99 Tonnes in the second quarter of 2014.
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