Current Gold Price

Lord Beria3 · Post by **Lord Beria3** » 02 Oct 2011, 18:21

Portillo makes a lot of sense.

Like most intelligent Tories, including me, he recognises that Marxism makes a great case for analysing the flaws of capitalism even if its solution (Socialism) is complete tosh.

ziggy12345 · Post by **ziggy12345** » 03 Oct 2011, 08:12

Big yourself up there LB. Inteligence is reletive

Lord Beria3 · Post by **Lord Beria3** » 03 Oct 2011, 19:06

'Reletive' - not intelligent enough to know what that means!!!

Ludwig · Post by **Ludwig** » 03 Oct 2011, 20:11

I don't know what to make of Portillo. I can't work out if he's just an opportunist who, after losing his seat in 1997, figured that Thatcherism's day was over, and that his as a politician was over - and calculatingly adopted more moderate ideas that would help endear him in his new career as a presenter to the BBC4 crowd.

I'd like to think, on the other hand, that he is an intelligent man who has experienced some relief in abandoning his political career, since it allowed him to stop having to toe a party line and make room for some degree of independence and idealism.

Perhaps a mixture. At the very least he is one of the brightest of Tory voices, and is able to see both sides of an argument.

Lord Beria3 · Post by **Lord Beria3** » 03 Oct 2011, 20:36

One thing to remember about Portillo is that leaving the Westminster bubble in middle age had a profound impact on what was basically a Tory boy.

Getting out of that social mileau and mixing with non-political people was a great liberating factor for Portillio, allowing to think and question his most fundamental beliefs as well as why he had become so hated.

This is why in my opinion he is one of the most thoughtful of that era of Tories.

UndercoverElephant · Post by **UndercoverElephant** » 03 Oct 2011, 21:07

Ludwig wrote:I don't know what to make of Portillo. I can't work out if he's just an opportunist who, after losing his seat in 1997, figured that Thatcherism's day was over, and that his as a politician was over - and calculatingly adopted more moderate ideas that would help endear him in his new career as a presenter to the BBC4 crowd.

I'd like to think, on the other hand, that he is an intelligent man who has experienced some relief in abandoning his political career, since it allowed him to stop having to toe a party line and make room for some degree of independence and idealism.

Perhaps a mixture. At the very least he is one of the brightest of Tory voices, and is able to see both sides of an argument.

I think you are right, but you've left out one important point. Michael Portillo is gay, and that is the main reason he never became leader of the Tories. I think that gave him a different perspective to your average Tory.

Catweazle · Post by **Catweazle** » 03 Oct 2011, 21:59

I've met MP on a few occasions, a thorougly nice bloke, with a very sexy female personal assistant

He's a clever man and no mistake, I've often thought he would be a good leader.

Lord Beria3 · Post by **Lord Beria3** » 05 Oct 2011, 22:58

http://etf-investment-ideas.blogspot.co ... et_05.html

Gold: At $1900 gold was extremely overbought, and a correction was necessary. However, Faber now believes that gold could undergo a significant correction similar to what happened between 1974-1976, when gold fell 40%. Faber notes that a large decline in gold is now a distinct possibility. The first support level for gold is at the 200 day moving average around $1500. Despite the potential for a pullback, Faber still likes gold and believes it will trade significantly higher.

I think this is a possibility but it will be very short term though. The medium-longer term trend is very strong for gold.

emordnilap · Post by **emordnilap** » 06 Oct 2011, 00:42

Ludwig wrote:I don't know what to make of Portillo. I can't work out if he's just an opportunist who, after losing his seat in 1997, figured that Thatcherism's day was over, and that his as a politician was over - and calculatingly adopted more moderate ideas that would help endear him in his new career as a presenter to the BBC4 crowd.

I'd like to think, on the other hand, that he is an intelligent man who has experienced some relief in abandoning his political career, since it allowed him to stop having to toe a party line and make room for some degree of independence and idealism.

Perhaps a mixture. At the very least he is one of the brightest of Tory voices, and is able to see both sides of an argument.

I can't help thinking about the views from ex-oil industry members, ex-military, etc, etc, etc, etc and the old saying about the influence of salary on opinion.

Ludwig · Post by **Ludwig** » 06 Oct 2011, 17:25

UndercoverElephant wrote: I think you are right, but you've left out one important point. Michael Portillo is gay, and that is the main reason he never became leader of the Tories. I think that gave him a different perspective to your average Tory.

I agree. (Has he ever officially come out? I know he admitted to fumblings.)

Matthew Parris is a similar case in point. Always trust the loner, that's my credo

Lord Beria3 · Post by **Lord Beria3** » 06 Oct 2011, 22:24

Every time I look at your profile pic, for a second, I think I am looking at Ed Miliband Ludwig!

A unpleasant idea the best of times!!

Anyway, back on subject, gold rose today with the annoucement of QE2 in the UK...

Ludwig · Post by **Ludwig** » 07 Oct 2011, 11:12

Lord Beria3 wrote:Every time I look at your profile pic, for a second, I think I am looking at Ed Miliband Ludwig!

It's Agent Cooper from "Twin Peaks", played by the great Kyle McLaughlin. A humanitarian and mystic, but definitely not a political creature.

stumuzz · Post by **stumuzz** » 08 Oct 2011, 11:24

Ludwig wrote: It's Agent Cooper from "Twin Peaks", played by the great Kyle McLaughlin. A humanitarian and mystic, but definitely not a political creature.

Mmm.Damn fine coffee.

Lord Beria3 · Post by **Lord Beria3** » 11 Oct 2011, 20:49

http://www.zerohedge.com/sites/default/ ... isited.pdf

Interesting article on Peak Silver, which is far less known then peak gold.

No wonder some call silver the 'investment opportunity of the decade'...

alternative-energy · Post by **alternative-energy** » 11 Oct 2011, 21:12

Lord Beria3 wrote:http://www.zerohedge.com/sites/default/ ... isited.pdf

Interesting article on Peak Silver, which is far less known then peak gold.

No wonder some call silver the 'investment opportunity of the decade'...

You could be right. It certainly has been the investment opportunity of the last 10 years. Do you think it will put on another 10 fold increase ? Out of interest LB3 have you planned an exit strategy or are you hoping on gold/ silver being monetised in the future or maybe a bit of both?