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Telegraph Article about Debt


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I can't see the logic of owning bonds where the yields are close to or at negative. Even after all of our conversations and my own research I can't bring myself to do it. I much prefer precious metals for investing on that kind of timeline, to me the risks appear far less. PM's might be more volatile but risk and volatility are not the same.

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2 hours ago, KDave said:

PMs might be more volatile but risk and volatility are not the same.

Wise words.

Gold is all over the place today... "It's going up and down like a metronome!' :P

 

Technically, alcohol is a solution..

'It [socialism] poses a growing threat, however unintentional, to the freedom of this country, for there is no freedom where the State totally controls the economy. Personal freedom and economic freedom are indivisible. You can’t have one without the other. You can’t lose one without losing the other.'

"There is no such thing as public money, there is only taxpayers' money"

Let not England forget her precedence of teaching nations how to live.

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11 hours ago, HawkHybrid said:

if china and america has all this debt, then who are the

countries that are the creditors to these large economies?

 

gold is up this year on safe haven buying?

 

HH

Does not cover everyone, not up to date either, but gives an idea;

http://www.bbc.co.uk/news/business-15748696

Its a web of lies - one nation lends to another nations then borrows from it in turn. We lend to the US then they lend right back. According to this the UK is one of the most indebted nation when foreign debt is measured against GDP, second only to Ireland, yet we have a low risk rating? It appears that we have a foreign debt to GDP ratio nearly twice that of Greece. :lol:

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quick look the UK owes 1600bn but   adding up what the other countries owe us and it about breaks even e.g we owe 500bn to USA but the USA owe us 800bn

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37 minutes ago, HawkHybrid said:

100 years ago a £1 coin the sovereign circulated. that same coin now trades for ~£210)

HH

I hope you are not giving investment advice with a disclaimer

That £210 soverign of today (2016) may be worth 50p in (2116)  ............................................but I very much doubt it somehow :rolleyes:

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if history repeats itself then on maturity of a 100 year

bond you would have lost 90+% of its purchasing

power(2.35% yield). huge loss of purchasing power

for lending out your money. apart from the shuffling

of the books, why would anyone even consider such

a proposition? you are practically giving away 90+%

of your money.

 

Quote

The sale “is both a testament to the restored confidence markets have in Ireland’s creditworthiness, as well as a sign that duration- and yield-hungry investors are looking to extend to the max along the curve,” said Owen Callan, a fixed-income strategist at Cantor Fitzgerald LP in Dublin.

is he saying it how it is? (are they making donations

or investments?)

 

HH

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Sadly I think there will be plenty of buyers of these 100 year donations to the government of Ireland. Many people do not study monetary history and as a result are completely ignorant as to the workings of the current economic system. Such people will likely see these bonds as a way to get a 'safe' return on their money or a way to 'beat inflation' :rolleyes:

Alternatively, people buying these bonds may be onto something. Perhaps the introduction of these bonds is an indication that we are in for what will effectively be a debt induced dark age, with the world experiencing 100 years of medieval style growth or worse under the same fiat system we have today, and these bonds will prove to be a good investment? :P

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