Daily Reckoning Reader Mail…

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How about some reader mail?

Daily Reckoning,

I am an Aussie battler with very little schooling in economics.

Thank you for an alternate view on financial investments. Following the free advice presented on your site over the last 18 months I am reaping the benefits.

I liquidated my investments, paid out my debt and transferred what was left into gold and silver and have since made a tidy profit. Silver has been the best performer for me buying in at $9.35 after its drop from $20, providing an 80% gain in just 12 months. My only regret is that I didn’t have more to invest( I should have borrowed 250K, lol). Once again, thank you.

My question is this: Since finding out that the Federal Reserve Bank of America is actually a private business, I wondered if The Reserve Bank of Australia is structured the same way.

I have sent them two emails asking if this is the case, but they have failed to respond to my enquiries.

Can you shed any light on this for me?

Regards,

Mick.

Mick, you can read all about the history of the RBA here.

Dear Dan,

The view from my balcony on a hilltop is from The Entrance to Norah Head near Newcastle in NSW. Most days of recent times I can see at least seven bulk coal carriers and at times up to 15 at anchor waiting to enter Newcastle coal loaders. Yesterday I could see only two so perhaps your thoughts on commodities and China are coming home to roost early. Maybe some of the ships sank or there are heavy seas and the crews mutinied and headed for Hawaii but I don’t think so.

Are you aware that our friendly Federal govt now requires coin and bullion dealers to request I.D. from sellers of same, to be recorded on computer and that if you sell >$10K they should report sale. The only thing that escapes is collectable coins. This is in addition to NSW law requiring I.D. in case coins stolen. Needless to say with some good friends who don’t own gold and would like dinner and drinks, you could sell $9.9K worth on their license, or take same o’seas. I hear Thailand is a good place where they don’t know what questions are.

Thank you for your insight in the regular bulletins. May not agree with some of your free market ideas but its always interesting.

Regards,

Colin B.

—“But if you’re forwarding copyrighted material, you’re breaking the law.”

Dan, come off it – both of you!

As anarcho-libertarians you should be aware of the reason that patents and copyrights are bad – just as you should be aware that many, if not all of the laws made by our illegitimate states are bad. Or are you only pseudo anarcho-libertarians?

You come across as weeping little girls when you keep moaning about the subject and we are not amused. So you know who we are do you? Ha! Good luck with that. Who are we then? And what are you going to do, cry on us?

You will not stop it, so toughen up!

Keep up the good work……and I will keep forwarding it on!

Peter

Peter, just because we don’t like the State making rules doesn’t there aren’t rules for voluntary transactions that protect property rights and guarantee the terms of an exchange. The free e-mail is free. The paid services are not free. When you give them away you’re giving away our intellecutal property. It’s theft. Plus, it’s just bad faith.

We can tell when an e-mail sent to a given address is forwarded and how many times, although we can’t tell to whom (and wouldn’t bother to find out.) We’re not interested in getting in a fight with anyone over the issue. But we do think it’s fair to ask you to quit giving away copyrighted material.

And if you don’t, we’ll reserve the right to terminate your subscription. We’re within our rights to do that, although we’d issue a pro-rata refund as well. It’s not a problem at all if you forward material from your work address to your home address. But serial offenders…

Dan Denning
for The Daily Reckoning Australia

Dan Denning
Dan Denning examines the geopolitical and economic events that can affect your investments domestically. He raises the questions you need to answer, in order to survive financially in these turbulent times.
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Comments

  1. Dan,
    why dont you show who really leads the market on interest rates:http://www.elliottwave.com/freeupdates/archives/2009/08/18/Interest-Rates-Think-Central-Banks-in-Control-Think-Again.aspx
    Yours sincerely,
    Bill Foord

    Reply
  2. Dear Dan,

    why dont you show who really controls interest rates: http://www.elliottwave.com/freeupdates/archives/2009/08/18/Interest-Rates-Think-Central-Banks-in-Control-Think-Again.aspx

    Yours sincerely,
    Bill Foord

    Reply
  3. We get more than our fair share of free stuff from this website. It seems reasonable to warn people not to rampantly forward the subscription material. The more you give some people……..

    Reply
  4. wtf is this “aussie battler” bollocks people still talk about…..

    as if there isn’t a yankee battler, british battler, chinese battler etc etc etc.

    Reply
  5. Haha prozak – you’re right there.

    Besides, at the moment it seems we are making our own battles.

    Reply

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