These days are OVER!

Here is the latest conversation I had with money manager Andrew Horowitz…. new insights for anyone who invests in anything.

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  1. Dallas says:

    Like to suggest a brief summary of the regular Horror-analysis.

    Should I be following the chasing of the Yen? Maybe so.

  2. deowll says:

    Bit coins are like the dollar; backed by nothing.

    What I have noticed is having lots of money in EU banks is now high risk. The rich have to be shifting money to somewhere.

    The dollar is no longer being used by China when it trades with Japan, Australia, and Brazil. May be others. That is the dollar is no longer the international medium for trade for a growing number of countries and that is going to impact value in the long run.

    I wonder if the banks are becoming landlords? Rent income is better than no revenue.

    Corn and grain are being shorted which is kind of counting your profits before you even get the crop in the ground much less harvested.

    I really don’t understand what is going on with gold and silver other than the price is falling. The reason I’m bemused is that having money in EU banks becoming higher risk so I would have thought some people would have shifted to gold in lock down somewhere.

    Local stores cannot keep most ammo in stock. I wanted to buy some 22 rimfires for plinking and target shooting (I don’t think DHS is buying rimfires in bulk.) and the store clerks say show up around 7:00 in the morning because we are sold out as soon as it hits the shelves. Gun stores are putting up pictures of Obama labeled sells-man of the year.

  3. B. Dog says:

    There has got to be some way of making money off the ammo shortage. The new site does look nice, thanks to Nick the Rat:

    http://dhunplugged.com/

  4. Uncle Patso says:

    I think probably speculators are shorting corn and grain because the odds are this year’s harvest will be better than last year’s. I certainly hope so, considering the major drought over most of the U.S. last summer.

  5. michaeljohara says:

    From the Telegraph.uk – a somewhat plain english explanation of BitCoin mining – actually makes some sense:

    “A bitcoin isn’t really a piece of code, it’s more accurate to say that it is an entry in the global ledger of all Bitcoin transactions. There isn’t really such a thing as an individual bitcoin, the transaction states how many bitcoins are deposited in what accounts. The bitcoins themselves have no serial numbers and cannot be individually tracked. Only the balances in each account can be determined and the algorithm ensures the total number of bitcoins is determined precisely and will plateau and remain constant somewhere around 2140, provided the Bitcoin network is still around then.

    Bitcoin mining is a combination of *auditing* transactions and spending lots of computational power to establish the next page (“block”) in the global Bitcoin general ledger (“block chain”). The expensive calculations are part of a clever scheme that allows all the tens of thousands or more globally distributed nodes that make up the Bitcoin network to establish a consensus about the order of the transactions in the system. This consensus isn’t trivial, since different nodes will generally receive the transactions in different order. Still, a global consensus is needed so you can tell which cheques will clear and which will bounce. Only the ones that clear will make it into the ledger.

    The mined bitcoins are simply the reward for doing the hard auditing work.”