Errol

Desperate effort to keep it below 1660.

Talking nonsense. The gold action looked nothing like a 'classic' top. Stopped listening at that point.

Richard Russell - Move into Gold: http://www.321gold.com/editorials/russell/russell011212.html

Email on Max Keiser site re. Dutch gold:

Hi guys,

yesterday the Dutch public television aired an item about the whereabouts of the Dutch gold, as a follow up of the questions asked by the Dutch socialist party, you reported about earlier. The central bank’s president Klaas Knot is being interviewed and he finally admits that 90% of the gold is overseas (why doesn’t he just report about that in his annual report). Jim Rickards is also being interviewed.

At the end Knot, who’s acting very nervous throughout the interview, says the gold doesn’t need to be shipped back because he trusts the Americans, while earlier he says he doesn’t like much of the new legislation coming out of the US. And he says it’s useful to have the gold in trading places, should they want to sell some, although they haven’t sold in years.

Irrgang, the socialist, and Willem Middelkoop, a famous Dutch gold analyst, urge the central bank to reconsider their storage policy.

Perhaps you can report about it.

http://nieuwsuur.nl/onderwerp/328458-nederlands-goud-vooral-in-buitenland.html

http://maxkeiser.com/2012/01/07/from-anonymous/

We fully expect the correlation arbs, which usually need someone to point out the glaringly obvious to them before they encode given relationships and correlation pairs into buy and sell signals, will very soon comprehend why the one most underpriced asset at this point, by orders of magnitude, is gold.

http://www.zerohedge.com/news/fed-vs-ecb-presenting-correlation-2012-and-what-it-means-gold

Bullish & Bearish Arguments For Precious Metals in 2012 - http://profitimes.com/free-articles/bullish-bearish-arguments-for-precious-metals-in-2012/

$1200 would be excellent. Could we get lower? People will be buying physical in large quantities should the price drop to $1000.

Trustee to Seize and Liquidate Even the Stored Customer Gold and Silver Bullion From MF Global

Get your money as far away from Wall Street as is possible. And if you want to own gold and silver, take delivery and store it in a secure private facility outside the fractional reserve system.

http://jessescrossroadscafe.blogspot.com/2011/12/attempt-to-seize-and-liquidate-customer.html

Were the unknown gold supply story to be true it would be the greatest and best kept secret of all time. All the people who mined the metal, the people who worked shipping it around etc etc ... tens of thousands of people (probably a lot more) would have to keep their mouths shut.

Sounds quite unlikely to me. And if it was the case, why is china encouraging its own people to load up on gold/silver? Do they want a revolution?

Good post on a blog I like ...

Gold is Going Nowhere - http://expectedreturnsblog.com/gold-is-going-nowhere/

Yes, basically you can any rumour on the internet if you look for it. All tastes are catered for.

It's the amount of fiat paper in the world that I'm worried about!

During a hyperinflation, the "Dassafe" security guard may struggle somewhat to fend off the people armed with guns with his baton. Needless to say, those who locked away some of their wealth in an "anonymous" safe with a large sign outside the building saying DASSAFE may prove to regret it later on. If I were looking to pay someone else to look after it I would be looking for an anonymous safe along with an anonymous safe company.

 

It never ceases to amaze me that people will do something sensible to protect their wealth but broadcast the location of it on a public forum.

 

If you don't hold it, you don't own it.

It's not all there. Best to keep some off shore (as CGNAO says). Keeps all options open by having multiple stores of bullion in different sections of the globe. That way if I ever need to leave my current residence quickly I can fly to wherever I have a store and still be 'ok'.

Places like Hong Kong, Switzerland, South America etc etc.

Will be deploying updwards of $60,000 into physical bullion in the near future - http://www.dassafe.com/ will be expecting another shipment for my anonymous safe.

Well played. Make sure you invest the profits into physical gold though - measure wealth in ounces.

15 Brilliant Insights From Hedge Fund Superstar Kyle Bass

On why he owns so much gold...

"When I talked to the head of deliveries at COMEX NYMEX, I was like, 'What if 4% of the people want deliveries?' He said, 'Oh Kyle, that never happens. We rarely ever get a 1% delivery.' And I asked, 'Well what if it does happen?' And he said,'Price will solve everything' And I said, 'Thanks, give me the gold.'"

http://www.businessinsider.com/americatalyst-kyle-bass-2011-12#on-why-he-owns-so-much-gold-14

@PositiveDeviant -- Did you trade it ?

Bear in mind the current correction is not particularly large by gold standards -

http://opinions.caduceusx.com/viewtopic.php?f=20&t=4983

Precious Metal Pullbacks in Perspective - http://www.zerohedge.com/news/guest-post-precious-metal-pullbacks-perspective

The current 15.6% gold decline, while considered a "major" correction, is not out of the ordinary, particularly following the late summer spike. - There have been 16%, 27%, 18%, 15% and 27% corrections during the bull market so far.

Gold is cheap relative to the idea that you could have a life’s fortune on a statement from a clearing agent [your brokerage account] and find out that you don’t have a penny left anywhere. Which should you have had, physical gold or that clearing house statement? Gold is cheap because of the condition of other things

- Jim Sinclair www.jsmineset.com

Too many people are making the mistake of judging their (gold) wealth in terms of fiat currency. You should count the number of ounces you have - that will be all that matters.

And gold you do not hold in your own possession is NOT YOUR GOLD. People need to understand this. IT IS NOT SAFE.