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Crashman begins

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  2. SILVER

    in Gold, FX, Stocks / Diaries & Blogs

    Posted

     

    A lot of what he says makes no sense, like cash is Green and smells, but Silver has no smell :lol:

     

    but... could he be right in the long run ? :unsure:

     

    http://www.newzimbabwe.com/business-3169-S...r/business.aspx

     

    Still, the coalition government appears divided over the issue with members of President Robert Mugabe’s Zanu PF insisting on re-introducing the Zimbabwe dollar while the other coalition partners argue that the country’s economy has not recovered sufficiently.

     

     

  5. GOLD

    in Gold, FX, Stocks / Diaries & Blogs

    Posted

    Gold has worked well for my parents and their parents.I am sure it will work for mr. If it does not. Hopefully my future generations might benefit.

     

    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 ?

  6. GOLD

    in Gold, FX, Stocks / Diaries & Blogs

    Posted

    Welcome back GOM

    Was wondering where you were :unsure: .. :)

     

     

    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.”

  7. GOLD

    in Gold, FX, Stocks / Diaries & Blogs

    Posted

    just to add a further thought when people do WAKE UP if ever, before they are forced to because of currency crisis inflation etc will they be able to afford any physical gold at its fiat price at that time.?How many people can afford reasonable oz of physical even now.?Alot of people have no savings just massive debts and huge speculative leveraged positions in BUBBLE assets.!!

     

    Hedge funds, central banks, millionaires, billionaires ;)

     

  10. GOLD

    in Gold, FX, Stocks / Diaries & Blogs

    Posted

     

    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".

     

     

     

     

     

  12. GOLD

    in Gold, FX, Stocks / Diaries & Blogs

    Posted

    I wonder if he's thinking of this:

     

    "My grandfather rode a camel, my father rode a camel, I drive a Mercedes, my son drives a Land Rover, his son will drive a Land Rover, but his son will ride a camel."

    -- Rashid bin Saeed Al Maktoum

     

    Are you thinking of ANOTHER?

     

    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 " ? :huh:

     

     

  13. GOLD

    in Gold, FX, Stocks / Diaries & Blogs

    Posted

    What do you make of this Goldfinger ?

     

    http://www.zawya.com/Story.cfm/sidZW201007...20Save%20Wealth

     

    2ndUPDATE: Saudi King: Halt To Oil Exploration To Save Wealth

     

    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.

  15. GOLD

    in Gold, FX, Stocks / Diaries & Blogs

    Posted

    Just reading something amazing today, from Thoughts of ANOTHER...(bear in mind, gold was valued at $300/oz when this was written!)

    http://www.usagold.com/goldtrail/archives/another1.html

     

     

    Well, I just checked and Saudi's oil reserves (Wikipedia, 2008, dubious anyhow) are stated as 267,000,000,000 barrels.

    Now if 'they only need 200 million ozs' - that would put the gold at about ~1335 barrels per ounce... holy cow!

     

    In perspective, 200m ounces is 200E6/(32.15x1000) tonnes (= 6200 tonnes) - comparable to alleged US gold reserves.

     

    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 ?

     

  16. GOLD

    in Gold, FX, Stocks / Diaries & Blogs

    Posted

    What amazes me is that they 'fessed up to having 350 odd tonnes... double the previously stated 120 odd. How do they manage to acquire so much gold on the quiet? And then it makes you wonder how much other CBs are quietly accumulating.

     

    Commodity exchange ;)

     

  17. GOLD

    in Gold, FX, Stocks / Diaries & Blogs

    Posted

    "Another" definitely got the assessment of the Euro wrong. His timing was slightly off as well (+12 years?).

     

     

    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)

     

  20. GOLD

    in Gold, FX, Stocks / Diaries & Blogs

    Posted

     

    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 ?

     

    Date: Sun Oct 19 1997 13:41

    ANOTHER (THOUGHTS!) ID#60253:

    Fact: If the world bids up the price of gold, all deals will be off! It would be every nation for themselves.Oil would explode in price!

  22. SILVER

    in Gold, FX, Stocks / Diaries & Blogs

    Posted

    Well I would be extremely happy about that. But lets look a bit closer.

    Average house= say 100,000@1000 oz= 100quid/oz.

    Average house= say 168,000@1000 oz= 168quid/oz.

    Azazel parents house=220,000@1000oz=220quid/oz.

    Today average house=13,543oz!!

    Today silver/oz =12.46.

     

    I'm bullish on silver long term. And I suppose the max was 48,607oz back in about 2002 (?) so anything is possible. I hope.

     

    In fact I would recommend 1000 oz of silver to anyone just for the fun of it. What will it set you back, depending on how you buy it, 12-17k? Its a lot easier than swooping down on 100 oz of gold @ about 80-90k.

     

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

     

  23. GOLD

    in Gold, FX, Stocks / Diaries & Blogs

    Posted

    I am reading up on the posts of "Another" - thanks to Steve Netwriter's recent postings. It takes hours, but they seem to be hours well spent, even if I do not agree 100% at all times. When I read this, I had to think of our dear DrB.:

     

    http://www.usagold.com/goldtrail/archives/another2.html

     

    Thanks for the link, amazing stuff, got me really thinking hard about going 100% in .. especially if written around 1997 etc onwards.. :ph34r:

     

  24. GOLD

    in Gold, FX, Stocks / Diaries & Blogs

    Posted

    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 :unsure:

     

    http://www.roadtoroota.com/public/181.cfm

     

    Fair Warning! What follows may scare the Dickens out of you gold bugs but will make silver bugs fall over themselves to swap even more of their gold for silver. Refresh yourself on the benefits of swapping gold for silver here: http://www.roadtoroota.com/public/136.cfm

     

    The mainstream gold world wants you to believe that in the entire history of gold mining there has been just over 160,000 tons of gold mined from the ground. On top of that, with all our latest seismic and exploration technology, we have only found about 100,000 tons of underground gold reserves that could be economically mined in the future. That is what "they" want you to believe but...

     

    &

     

    SECRET ABOVE GROUND STASHES

     

    There are many secret above ground hoards of gold that the US and the banking establishments do not want the world to know about...and for good reason. Nobody should underestimate the importance of gold in the economic, political and global balance of power.

  25. GOLD

    in Gold, FX, Stocks / Diaries & Blogs

    Posted

     

    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 ?

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