Perhaps he's still simmering over not seening this coming? But I'm sure he will be along in the months to come telling us about his big position in gold like last time.
That's an interesting link mmm though the paywall prevented me reading it. I'm thinking perhaps China Russia and the rest of the big economies have enough gold now to set up system beyond US control so let the price fly.
Mind you I have to admit I still believe this is around gold's natural price as measured for what it could buy over the last few thousand years. Then there is the 1933 experience, where governments re valued it 50% overnight so anything is on the cards.
No need to confiscate this time either because no on owns it except a few mad in the head goldbugs lol lol lol.
Over $1300 USD - well done gold bugs, all it took was a little old war that is threatening oil supplies to the west.
I didn't ever think that the war in Iraq had been won, but I didn't see the ISIS uprising at this moment. They really should have told me. When did you get the memo?
Will the USA squash the uprising with some unrelenting air attacks, or will they just let the Sunni's take over again? Will Iran stand by and let the Sunni's take over again?
What will happen to the gold price if ISIS is crushed? What will happen to the gold price if ISIS take control of Iraq and the oil flow?
What happens if it has nothing to do with ISIS? I can just imagine the thread now - "Peter Fraser was wrong". Would be quite fitting
That would be great.
You should talk to my wife. Not only would she tell you about times that I have been wrong, she will go into pedantic detail and deliver it with a great deal of enthusiasm.
Can you do it with bold headlines so that she can cut it out and have it framed.
Any expressed market opinion is my own and is not to be taken as financial advice
What will happen to the gold price if ISIS is crushed? What will happen to the gold price if ISIS take control of Iraq and the oil flow?
What happens if it has nothing to do with ISIS? I can just imagine the thread now - "Peter Fraser was wrong". Would be quite fitting
He's wrong, that's just consumption for the masses. Gold's motion has little to do with it and everything to do with the paper manipulations. Look at Australian house prices and you see the same sort of paper manipulations but in the opposite direction. What do you recon home prices would be without the securitization scam. Without banks making all those lowdoc loans. Without their puppet the rba lowering rates as they have.
And that's just to point out the obvious. Imagine what secondhand cars would be selling for if they had run a half dozen weekly tv shows at prime time showing that it was trendy to referbish old cars, that the practice saved the owners a fortune or allowed them to be subsequently sold for a big profit. New car sales would have been smashed and everyone would be proudly driving 10 year old cars with cut and polish jobs.
Think that sounds stupid? Well just think of all the wooden dog boxes with asbestos roofs and shot plumbing that were snapped up just because someone spread white stones up the drive and put some gyproc on the walls. People are basically stupid.
Shadow was hopelessly wrong about the Gold Bull Market. What else is he wrong about?
No need to confiscate this time either because no on owns it except a few mad in the head goldbugs lol lol lol.
I figure the private bullion stash would be considerable in fact. Anything like 30k to 60k tonnes. Gold is more or less in range of its correct value. Personally I'd put it at $1600 US. When gold is too cheap private individuals will accumulate. When it becomes too expensive they'll dis-hoard. But it isn't the price yet that will make them dishoard, for that $2,000 plus is need.
Funny there is so much government politics about something mainly used for female baubles.
The next trick of our glorious banks will be to charge us a fee for using net bank!!! You are no longer customer, you are property!!!
After the next deflation event (later this year if all goes well) – that’s when I would be buying gold shares. And not the big boys either, smaller high cost “producers” (that's the critical bit – it gives you leverage). The market has fundamentally changed – some of the big boys in London no longer do the am fix (e.g. Deutsche), Barclays and a number of others have entirely quit the space all together.
Russia and China are massive bullion purchasers. Russia’s purchases are on the public record, and recently they have been swapping out US bonds for bullion (which is probably a good move). However, the 800lb Gorilla is China – some claim looking at HK and China import/export data (http://www.wantchinatimes.com/news-subclass-cnt.aspx?cid=1203&MainCatID=12&id=20140602000001) - that its bullion purchases (if true) was equal to last years entire global primary production (circa 2,700t Au) And their entire holdings could be above 6kt to as high as 13kt (substantially higher than US holdings if true). It's almost an unknown unknown.
I must admit, I greeted these claims with a great deal of extreme skepticism.
Process logic is very good. If true, could be the biggest gold story since Roosevelt stripped Britain of all her gold assets dispatching an American cruiser to the South African naval base of Simonstown in 1942, to pick up Britain’s last negotiable asset, £42m worth of gold bullion.
It was these collective payments before the US entry into WWII in physical bullion that resulted in America by the wars close, being the single largest holder of gold. A fact that China may actually surpass it could shock everyone’s complacency. Beware – it could be among the biggest financial stories over the past several decades.
It was these collective payments before the US entry into WWII in physical bullion that resulted in America by the wars close, being the single largest holder of gold. A fact that China may actually surpass it could shock everyone’s complacency. Beware – it could be among the biggest financial stories over the past several decades.
They had about 22,000 tonnes by the end of the war. At the very least a third of the world's above ground then. Not all of it was US owned, many sent their gold to the US for safety. Norway got its stash back less that a decade ago (took some arm twist there). Germany applied recently and got told to come back in 2019!
The next trick of our glorious banks will be to charge us a fee for using net bank!!! You are no longer customer, you are property!!!
Ignore posts by The Whole Truth · View Post · End Ignoring The forum fuckwit goes RRRAAARRRGGHHhhh - But not a fuck was given..................by anyone.
After the next deflation event (later this year if all goes well) – that’s when I would be buying gold shares. And not the big boys either, smaller high cost “producers” (that's the critical bit – it gives you leverage). The market has fundamentally changed – some of the big boys in London no longer do the am fix (e.g. Deutsche), Barclays and a number of others have entirely quit the space all together.
Russia and China are massive bullion purchasers. Russia’s purchases are on the public record, and recently they have been swapping out US bonds for bullion (which is probably a good move). However, the 800lb Gorilla is China –
The gold story is shaping up to be the big one in the decade ahead it seems. Even after all the financial upset of the past 5 years or more it is holding up whereas the base metals are going down and staying down. The base metals are an indicator of industrial activity and the precious metals an indicator of political and financial stability. The period of the 1930's and the 1970's showed us that. If the global system can't rebalance itself and move ahead, something I seriously doubt with all the debt hindering progress, then it very well may collapse in the traditional deflationary way. If that happens gold will be the thing to own and debt the thing to estew. Certainly is interesting times we live in. The amount of personal debt is staggering!
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