https://gata.org/node/21134

Basel 3 rules will wreck gold price suppression, LBMA warns Bank of England

The Cyprus bank account raid if it goes through would leave everyone with a deposit in a bank feeling very nervious.

If I had a deposit there, first thing Tuesday morning I'd be making arrangements to empty the account in case they try the same trick a second time.

But where to move your deposit to?

This is looking good for physical gold.

I'm also getting confused at the line between taxation and outright theft.

Seems reasonably straightforward.

One is, taking something without the owner's express permission, the other is, erm, taking something without the owner's express permission.

for gold to rocket without the pound collapsing other currencies would have to fall against the pound?

 

If the pound does collapse could foreign money flee UK property?

No. All that is needed for gold to rocket, is for the market to prevail.

There may be a market soon.

It depends which pension schemes you are talking about. Some pension schemes (e.g. NHS) are unfunded and will have to be paid by the tax payer. They are unaffordable and will place a great strain on the pubilc sector budget.

 

Some pension schemes are funded. For example a SIPP or a stakeholder pension in which the policyholder buys a range of investments. When it comes time to retire, the policyholder sells the investments to provide a POT OF MONEY with which to purchase an annuity (unless he goes for the income drawdown option).

 

Company pensions work in the same way. They invest in order to be able to pay employees when they retire. In that respect they have a large pool of investments. The income and returns on these investments enable them to pay their retired employees. In this respect, the pool of investments represent the POT OF MONEY.

 

It is possible that some funded pension schemes can run into difficulty but in the main they are fully funded. It is the UNFUNDED pension schemes that have some of the ponzi scheme attributes but the tax payer is expected to pick up the bill.

Yes, but is a representation of a pot of money actually a pot of money?

....or an IOU?

http://www.coinweek.com/bullion-report/sil...-ready-to-soar/

esp

However, there is an interesting side note to this development. JPMorgan Chase is a major custodian for gold exchange traded funds. Therefore, it should know whether the ETFs really possess all the gold it supposedly owns to cover 100% of its outstanding shares. Well, JPMorgan Chase specifically will not accept gold ETF shares as collateral against loans made by the bank. Does someone at the bank know something they are not telling the public?

??

oops should be in the gold thread ...... nothing like that be happening with Ag, could it.

Silver May Decline 20% as Coin Sales Signal `Crowd': Technical Analysis

 

Silver prices may retreat as much as 20 percent this year as soaring demand for physical metal signals a “crowded” trade, said Barry James, the chief executive officer of James Investment Research Inc.

 

“After a period of outperformance from silver, we would be taking a little off the table,” James said. “It’s more likely that silver will have a correction in price rather than a surge.”

 

http://www.bloomberg.com/news/2011-01-20/s...l-analysis.html

Also

“The coin sales are an indication of the level of interest in silver,” said James, who oversees $2.4 billion in Xenia, Ohio. “It’s too popular. When the crowd discovers a good deal, it’s usually long over.”

Define crowd.......0.1%??....0.01%???

$31 broken.

£20 broken.

or even ............ $ & £ broken.

How could gold become a bubble today? Bubbles are found in assets.... gold is now a currency.....

 

edited

...that is finding a new natural 'level'.

??

edit:- or even .............that is reverting to its' natural 'level'.

OK, if no-one else can be bothered....

 

1304 and counting

1296 to 1306 in 20 minutes..

Still sounds to me like the MSM are discussing the best way to SELL gold... Adrian Ash didn't once say how easy it was for the general public to buy - no mention of what Bullion Vault offers to the consumer...

 

I'm a mere 15% in physical gold and silver, and i'm beginning to get twitchy. I consistently add a small amount every month, but my head tells me i am way too FIAT heavy... i don't quite have the nerve to pile in with lump sum higher volumes - particularly now when prices are reaching highs... i could do with a nice correction ready for me to step up my game.

I felt the same @ £550/oz

dollar index just dropped below 80.

As a % of your total worth, how much should be gold?

Try to anticipate how much governments will (might) spend and if they are aiming to reduce debt. Perhaps the %age held should be directly proportional to government debt?

Trouble is, some argue the proportion should be 100%, even now.

Good call... I scrolled through and read a few more posts on that thread. Always interesting to compare what was said in the past to today. Found this prediction of mine, which got the breakdown of the inverse correlation between dollar and gold right:

 

http://www.greenenergyinvestors.com/index....st&p=145738

 

"As for the other currencies, I tend to agree with you. The dollar is the lynch pin of our monetary system, and until that system is changed it should be a major beneficiary as the global economy deflates with money moving from the periphery to the centre. This does not necessarily put gold in an anti-thetical position to the dollar. The way I see it is the inverse correlation between the dollar and gold will break down, and they will both be bought as safe havens in the end."

The way I see it is the inverse correlation between the dollar and gold will break down,

Already broken??

http://www.bloomberg.com/apps/cbuilder?ticker1=DXY%3AIND

(add gld to security) 3 - 6 mths

What will the POG be next time $index = 80 ??

C'mon GF, you are better than this... why not adapt a little?

 

As for bugs, whether a gold or fiat bug, they are overly attached towards something. They will never change their view towards something because of deeply held prejudices. I don't mean prejudice in a derogative way - a prejudice is something that will not change no matter the evidence; like an a priori truth such as 2 + 2 = 4. You could ignore the market price of gold, and insist that gold is worth the moon... but most bugs don't, and the market price is followed very closely.

 

Can the investor afford prejudices... whether fiat or bullion ones? Investors should be more pragmatic and flexible, and not wedded to either "fiat" or gold... not be a bug towards anything. There is a time for everything right.

Talking about prejudice...... bloke on HPC says 'dollar up gold down.....simple' in an innit kind of way.

So I spent an hour trying to figure out how to up load images from print screen and posted this......

Comments?

Oh thanks

 

I must give credit to the teachers tho

+1

But you (like I did) had a hunch there was 'trouble at mill' which is how / why you found 'the teachers' here.?

Yes. I will buy more. I could not buy this week for technical reasons, so it will be next week.

 

The price of silver was north of $40 in 1980. Silver is a depleting resource. And the Fed is printing $19bn a day.

 

It's a no-brainer.

My word, $19bn a day?! That does seem an awful lot. How long can they keep that up?