what are they saying about 2013, page-32

Hi Rowingboat and all,

Well I guess if you and Timber are happy that all is running well in the system and that the various regulators are on the job and market impropriety of any kind can never take place I guess you’re entitled to your views.

In light of the LIBOR scandal recent wrist slapping and fines well below the proceeds of the crime I will remain sceptical and continue to live as much as I can off the official financial grid and hold physical gold. Possibly Timber can give his explanation of how the recent LIBOR scheme benefited the wider investing public.

Hi Biggles,

I repeat my question posted earlier:
“Well mate I dabble because it’s done so well for me $300.00 to $1,600.00 in ten years or around 16% PA growth. Show me another Super Fund manager doing that well and being so consistent and I’ll take a look at him.


By the way make sure you deduct his 2% and 20% fees to leave me a net 16% PA growth so I can make a valued assessment.”

Are you seriously suggesting the airline industry as a better performer than Gold for my super fund? If so many thanks for laugh but no thanks!

I’m not a big fan of Michael Moore but he did highlight the plight of US pilots. You may feel things are going well in the states personally I wonder a New York sub way grid dweller can’t qualify for food stamps but a full time airline pilot does.

“He then showed me his pay stub. He took home $405 this week. My life was completely and totally in his hands for the past hour and he's paid less than the kid who delivers my pizza.”

"I have a second job!" the two pilots said in unison. One is a substitute teacher. The other works in a coffee shop.”


http://www.huffingtonpost.com/michael-moore/pilots-on-food-stamps_b_319929.html

If you think all is well in the USA I applaud your confidence I just aren’t seeing it.

Your comment that the fiscal cliff fiasco has been solved maybe IMHO a little early, nothing has been fixed merely kicked along the road. Pantomime “Fiscal Cliff and the Debt Ceiling.” Now moves to act two: The Debt Ceiling part! One of the best musical comedies ever played out in Washington in many a year don’t miss it!

Are things much better in Australia for pilots these days I mean do you raise chickens and vegetables as a hobby or to make ends meet? Just asking!

Just a suggestion for 2013 rather than just denigrate Gold why don’t you and Timber offer some positive investment ideas.

My holiday reading at present is: America’s Great Depression by Murray N. Rothbard. The similarities to now and the 1920"s are uncanny.

Cheers all and very best regards: Andy