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	<title>Comments on: The Line</title>
	<atom:link href="http://www.greaterfool.ca/2009/12/01/the-line/feed/" rel="self" type="application/rss+xml" />
	<link>http://www.greaterfool.ca/2009/12/01/the-line/</link>
	<description>Book and Weblog - Authored by Garth Turner</description>
	<lastBuildDate>Wed, 08 Feb 2012 17:27:12 +0000</lastBuildDate>
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		<title>By: Myron Martin</title>
		<link>http://www.greaterfool.ca/2009/12/01/the-line/comment-page-4/#comment-53696</link>
		<dc:creator>Myron Martin</dc:creator>
		<pubDate>Mon, 14 Dec 2009 02:56:59 +0000</pubDate>
		<guid isPermaLink="false">http://www.greaterfool.ca/?p=4238#comment-53696</guid>
		<description>Question for Garth: If you think 10-15% precious metals investment is prudent for individuals what level would you consider appropriate for the Bank of Canada?

The reason I ask is because in my extensive research over 50 years of the fractional reserve fiat currency system as instituted in 1913 by the Federal Reserve Act I recently came across statistics on the gold reserve  holdings of the nations of the world and Canada was not even in the top 20 which came as a considerable surprise.

Since it did not even make the list I sought to determine what the Bank of Canada&#039;s gold reserves are and so far have been stonewalled in getting an answer!
Neither my own MP, a dozen newspaper reporters, any party leaders including the Prime Minister, even the Bank of Canada, have been willing to address the question, how about you?

What ARE the actual reserves, if you can find out, and are they appropriate in your opinion, and if not, as a major gold producing nation, where should they be?</description>
		<content:encoded><![CDATA[<p>Question for Garth: If you think 10-15% precious metals investment is prudent for individuals what level would you consider appropriate for the Bank of Canada?</p>
<p>The reason I ask is because in my extensive research over 50 years of the fractional reserve fiat currency system as instituted in 1913 by the Federal Reserve Act I recently came across statistics on the gold reserve  holdings of the nations of the world and Canada was not even in the top 20 which came as a considerable surprise.</p>
<p>Since it did not even make the list I sought to determine what the Bank of Canada&#8217;s gold reserves are and so far have been stonewalled in getting an answer!<br />
Neither my own MP, a dozen newspaper reporters, any party leaders including the Prime Minister, even the Bank of Canada, have been willing to address the question, how about you?</p>
<p>What ARE the actual reserves, if you can find out, and are they appropriate in your opinion, and if not, as a major gold producing nation, where should they be?</p>
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		<title>By: Dan</title>
		<link>http://www.greaterfool.ca/2009/12/01/the-line/comment-page-4/#comment-52568</link>
		<dc:creator>Dan</dc:creator>
		<pubDate>Fri, 04 Dec 2009 06:18:47 +0000</pubDate>
		<guid isPermaLink="false">http://www.greaterfool.ca/?p=4238#comment-52568</guid>
		<description>Let&#039;s suppose that people didn&#039;t live in their houses, they just bought them. Most people bought paper claims to houses, with promises to pay from large corporations. Only a few percent of buyers actually had their hands on a real house.

Now let&#039;s suppose it becomes obvious to everyone that the large corporations can&#039;t deliver any houses, and their paper claims are worthless. What do you think would happen to the price of the real houses? Gold in a nutshell, although not my favourite metal.</description>
		<content:encoded><![CDATA[<p>Let&#8217;s suppose that people didn&#8217;t live in their houses, they just bought them. Most people bought paper claims to houses, with promises to pay from large corporations. Only a few percent of buyers actually had their hands on a real house.</p>
<p>Now let&#8217;s suppose it becomes obvious to everyone that the large corporations can&#8217;t deliver any houses, and their paper claims are worthless. What do you think would happen to the price of the real houses? Gold in a nutshell, although not my favourite metal.</p>
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	<item>
		<title>By: BDG YYC</title>
		<link>http://www.greaterfool.ca/2009/12/01/the-line/comment-page-4/#comment-52502</link>
		<dc:creator>BDG YYC</dc:creator>
		<pubDate>Thu, 03 Dec 2009 22:31:44 +0000</pubDate>
		<guid isPermaLink="false">http://www.greaterfool.ca/?p=4238#comment-52502</guid>
		<description>167 Mike (Authentic) on 12.03.09 at 12:47 pm 
#125 Shawn on 12.02.09 at 3:38 pm â€œSounds the sour grapes of one who has no money to invest.â€

Weâ€™re invested in oil, not gold. Life isnâ€™t about money Shawn, but we do have more enough.

#104 BDG YYC Thatâ€™s a rather interesting point of view. So Iâ€™m curious as to what sorts of things fit into that moral and ethical basket.â€

Not hard to imagine. Just think of things not related to greed, social hardship, pain or suffering to make a profit. Ie. Opposite of Wal-Mart.
 ................

Right ... Oil !!!  I should have guessed.
Too funny.  :-)   Who writes your stuff ... its great.  :-) 
:-) :-) :-)</description>
		<content:encoded><![CDATA[<p>167 Mike (Authentic) on 12.03.09 at 12:47 pm<br />
#125 Shawn on 12.02.09 at 3:38 pm â€œSounds the sour grapes of one who has no money to invest.â€</p>
<p>Weâ€™re invested in oil, not gold. Life isnâ€™t about money Shawn, but we do have more enough.</p>
<p>#104 BDG YYC Thatâ€™s a rather interesting point of view. So Iâ€™m curious as to what sorts of things fit into that moral and ethical basket.â€</p>
<p>Not hard to imagine. Just think of things not related to greed, social hardship, pain or suffering to make a profit. Ie. Opposite of Wal-Mart.<br />
 &#8230;&#8230;&#8230;&#8230;&#8230;.</p>
<p>Right &#8230; Oil !!!  I should have guessed.<br />
Too funny.  :-)   Who writes your stuff &#8230; its great.  :-)<br />
:-) :-) :-)</p>
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	<item>
		<title>By: Bill-Muskoka (NAM)</title>
		<link>http://www.greaterfool.ca/2009/12/01/the-line/comment-page-4/#comment-52490</link>
		<dc:creator>Bill-Muskoka (NAM)</dc:creator>
		<pubDate>Thu, 03 Dec 2009 21:21:05 +0000</pubDate>
		<guid isPermaLink="false">http://www.greaterfool.ca/?p=4238#comment-52490</guid>
		<description>Seems there is a direct correlation between the IQ (Investment Quota) and the GIC (Gullible (or Greedy) Idiot Comprehension) factors of many people&#039;s brains.

The MSM promotes headlines and articles that &#039;inform&#039; people what is HOT and what is NOT.

The timing is critically manipulated however.  After the market has been &#039;pumped&#039; up and the pros have taken their booty, then the &#039;info&#039; changes to disaster mode...a tad too late to prevent people from being completely ruined.  Nice game!

Remember...&#039;You can&#039;t win if you don&#039;t play!&#039;  (SUCKERS!)</description>
		<content:encoded><![CDATA[<p>Seems there is a direct correlation between the IQ (Investment Quota) and the GIC (Gullible (or Greedy) Idiot Comprehension) factors of many people&#8217;s brains.</p>
<p>The MSM promotes headlines and articles that &#8216;inform&#8217; people what is HOT and what is NOT.</p>
<p>The timing is critically manipulated however.  After the market has been &#8216;pumped&#8217; up and the pros have taken their booty, then the &#8216;info&#8217; changes to disaster mode&#8230;a tad too late to prevent people from being completely ruined.  Nice game!</p>
<p>Remember&#8230;&#8217;You can&#8217;t win if you don&#8217;t play!&#8217;  (SUCKERS!)</p>
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