Crashman begins

1 oz Gold now hovering around its GBP price in May

A lot of what he says makes no sense, like cash is Green and smells, but Silver has no smell but... could he be right in the long run ? http://www.newzimbabwe.com/business-3169-S...r/business.aspx

Debating Gold over on House price crash now http://www.housepricecrash.co.uk/forum/ind...50257&st=15 This made me chuckle

I think its time

Please tell , I've always wanted to start a thread about those who did well from the last gold boom. Did they purchase property outright, more than one ? How much did they have invested. How did they know it would rise etc ?

Welcome back GOM Was wondering where you were .. http://www.greenenergyinvestors.com/index....f=2&t=10707 Hinde Capital attacks gold ETFs By Chris Flood Published: August 13 2010 22:35 | Last updated: August 13 2010 22:35 Hinde Capital, a London-based gold hedge fund, has mounted a ferocious attack on precious metals exchange traded funds and in particular the largest gold ETF, the SPDR Gold Trust run by State Street. Hinde says precious metals ETFs “should not be owned by serious professional investors” and in a highly provocative paper argues that double counting of gold holdings is “endemic” in the global financial system. But as the banks are allowed to sell the (leased or loaned) bullion into the global financial system, this has led to multiple counting of the gold. Hinde says this gold (which is still owned by the central banks) can then enter ETFs, such as the SPDR Gold Trust, when authorised participants (registered broker-dealers or other large market participants such as investment banks) swap the gold for new units in the ETF. “We see it as highly likely that encumbered (without full ownership rights) gold or leased gold could be in ETF products”, says Ben Davies, chief executive of Hinde Capital: “If we were a major ETF holder, we would demand delivery of our physical bullion before all other investors demanded theirs from either ETFs or the OTC (over-the-counter) market.” Hinde went on to say that a potential conflict of interest exists for the custodian of the SPDR gold, which is the investment bank HSBC, as it runs substantial short positions (bets on gold prices falling) in the derivatives market. In reply, State Street said the gold held in the SPDR Trust was held in allocated accounts (where the bars are individually identified and numbered). A spokesman for State Street said that if a commercial bank had an obligation to a central bank (as part of a lease or loan agreement), then that was a matter for them and did not imply that there was any prior claim on the gold in the SPDR Trust. A senior gold dealer in London said: “There will be gold in the physically backed bullion ETFs that at one time belonged to a central bank. But when a central bank leases or loans gold in the market, it does not require precisely the same bar with its reference number to be returned. ETFs are still the easiest way for private investors to own gold.”

Hedge funds, central banks, millionaires, billionaires

Gold now slightly higher in fiat value terms Whens everyone buying ?

Is another ideal buying oppurtunity approaching ? When the fed starts printing again will that bring USD Gold down in terms of GBP Do we jump in before the UK starts Quantative easing 2 ?

Another Thoughts ?? CGNAO : A Cowboy And Arab Talk Frankly http://www.housepricecrash.co.uk/forum/ind...l=arab&st=0 Posted 22 May 2008 - 12:23 AM George Bush: "A lot of folks in America are upset over, you know, the high oil prices." King Abdullah: "Need I remind you your dollar is worthless? Have you brought me any more collateral?" GB: "Paulson said to tell you that IMF gold should have held you over for a while." KA: "400 tons? You already owed us that from previous years." GB: "We're having some, uh, difficulty obtaining more." KA: "Is your Fort Knox not full?" GB: "I'm told it's... encumberated, or something like that." KA: "What about your Catholic boy? Did you not invite him to Washington last month?" GB: " Uh, yeah, his Holiness, sir, but he wasn't very, uh, cooperatative." KA: "Did you remind him another church scandal wasn't in his best interest?" GB: " Yes I did, but he said the Vatican's gold was what saved their financial bacon in the first place". KA: "You are in a predicament. What other collateral can you offer?" GB: "My generals say there's new weapons in the pipeline- you know, really scary stuff. You can have first dibs". KA: "We're already up to our eyeballs in weapons, and half of them don't work anyway". GB: "Benny-Ben over at the Fed said there's some good deals on some banks he's getting ready to repo". KA: "That Citi deal didn't exactly work out you know. How do you Americans say- it was "a pig in a poke"?" GB: "I'm still working on a port leasing deal. It's politically, uh, still sensitive". KA: "Your endless wars against my people's nations are becoming tiresome, besides unprofitable. Who can say how much longer we can support your dollars?" GB: "(big gulp) I don't think Cheney's gonna like this. He made me come here anyway, I thought it looked, uh, too humblifying." KA: "Stay in touch. Maybe you'll find some gold in Jerusalem next week". GB: " I'm glad we had this frank exchange of, er, views. One decider to another".

Its a sign... buy Gold and the uk is yours May I ask what sign everyone is waiting for , before buying. It is August now

Yes, havent read enough of Another yet to know what this news would mean. But want to test those theories out.. Im sure I read somewhere that there was plenty of Oil left & that they would like to keep selling swapping it so would never cut supply ... unless gold was held down too long ? Maybe this is this a "If you dont let Gold go free / higher like it should have done years ago, we will not only let oil rise we will restrict your countires oil, crippling your enonomys further " ?

What do you make of this Goldfinger ? http://www.zawya.com/Story.cfm/sidZW201007...20Save%20Wealth Sunday, Jul 04, 2010 RIYADH (Zawya Dow Jones)--Saudi Arabia's King Abdullah has ordered a halt to oil exploration operations to save the hydrocarbon wealth in the world's top crude exporting nation for future generations, the official Saudi Press Agency, or SPA, reported late Saturday. "I was heading a cabinet meeting and told them to pray to God the Almighty to give it a long life," King Abdullah told Saudi scholars studying in Washington, according to SPA. "I told them that I have ordered a halt to all oil explorations so part of this wealth is left for our sons and successors God willing," he said. A senior oil ministry official, who declined to be named, told Zawya Dow Jones the king's order wasn't an outright ban but rather meant future exploration activities should be carried out wisely.

Great timing

Been reading Another for the last couple days, amazing stuff & makes sense... What prevented this shortage from happening sooner... or is it all going as predicted , or can you not put a specific time on such things ?

Commodity exchange

What Ive read is very interesting & well explained , funny it hasnt surfaced until now, & why hasnt there been comments / extensions of thread / ideas anywhere ? (Maybe I cant find them)

GULP... in GBP

Agree..

Only skimmed through the 1st couple pages, what do you think of his theory that the scam would eventually unwind..... causing gold to explode upwards, and then oil Is this what we are seeing now ?

Thx... You've inspired me to go watch Goldfinger now

Which one would happen 1st the 100 gold or 1000 silver ?

Thanks for the link, amazing stuff, got me really thinking hard about going 100% in .. especially if written around 1997 etc onwards..

What do you all think about this . Articles suggesting that the amount of gold in existance has been kept a secret to enable them to crash the market at will etc http://www.roadtoroota.com/public/181.cfm &

http://uk.finance.yahoo.com/news/ecb-warns...5c7453.html?x=0 ECB warns of more bank loan losses FRANKFURT/MADRID (Reuters) - The European Central Bank warned on Monday that euro zone banks face up to 195 billion euros (165 billion pounds) in a "second wave" of potential loan losses over the next 18 months due to the financial crisis, and disclosed it had increased purchases of euro zone government bonds. Gold up tommorow ?