fitkid

Always worth a listen from the Patrick Timpone One radio network Radio Show, Andrew Gause appears twice weekly.Usualy covering Gold and other topical monetery issues.

http://www.oneradionetwork.com/the-real-world-of-money/andrew-gause-the-real-world-of-money-july-16-2011/

Andrew Gause – The Real World of Money – July 16, 2011

The Real World of Money

featuring

Andrew Gause

You create the money with your signature on a loan,

the interest is not created…this keeps the party going.

Ben Bernake says ” Gold is not money…….”.

The profits of war and why it will not end.

Saturday July 17

Andrew Gause may just be the top man anywhere for the

highest quality analysis into the world of money we all

live in. Andrew is a currency historian, an internationally

recognized expert on the United States monetary system.

He’s written two books, “The Secret World of Money” and

“Uncle Sam Cooks the Books”. You can order these books

as well as speak to Andrew personally. As a One Radio

Network listener, you’ll have highest priority in his phone

time. His # is 800.468.2646.

Au moves through $1600 an Oz.Another milestone taken out.

Double post

smart phones my ar*e.

It is unclear to me whether the tail is wagging the dog or the dog wagging its tail but there is no disconnect between paper price and real price at the moment - at least as far as small quantities are concerned ( a side effect of this is that physical gold can still be bought at stupidly low prices). I do not understand the delivery mechanisms regarding the LBMA and do not know what level of fraud is going on at the CONmex but I base my reasoning simply on arbitrage - If physical sales price started to creep above paper price, whatever physical existed in paper markets would leak out into the real world - perhaps it already is.

 

I keep my eye on CID and similar and ebay and I believe that when a disconnect in price between these real world prices and spot price starts to happen, the spot price will fall quickly - perhaps down to zero as FOFOA has written. That will be an interesting day..

Concur totally ref the BARGAIN prices AMAZINGLY still available for REAL PHYSICAL i talk with whoever wants to listen every day ......thats why i usually end up talking into the mirror.

There clearly is fiat rollover incentives on ETF paper contracts at option expiry as high as 25%,that i have seen quoted to keep people from taking physical delivery.

But how someone walking into a bullion dealer and purchasing physical bullion feeds into affecting the CONmex price is where i

cant see the mechanism or correlation.Or even how the Lbma daily fix price would be correlated to this example.

If the metal that most of us purchase is coming from the buying in of gold from the general public and either refined into bars or resold as bullion coins how is the CONmex or LBMA accounting for any of that trade in its QUOTED MARKET PRICES.??

Yes, that is right but activity in the real world - of bullion being acquired for fiat and put into storage must affect the CONmex.

I've had this conversation several times and i dont see how the real world physical market is really effecting the paper fictitious CONmex.Your thoughts on how the REAL world physical bullion is effecting the CONmex would be greatly appreciated.

So much for meeting the 144MA line... Sigh... I suppose I've missed my buying opportunity 2 weeks ago and the summer seasonal dip has already occurred

And to think a week ago i was in a dealers shop with Au at £923 an Oz and was holding back for the summer low.I am PI**ED OFF and have been constantly aware that things would turn at some point and not stop.I don't think this it that momment YET but who know's for sure.ALL I KNOW IS THAT I'VE GOT A PILE OF TURDLING AND I REALLY DONT WANT TO WIPE MY AR*E WITH IT.!!

Gold within spitting distance of 1000 GBP - probably only take someone to order half a dozen Sovs to take it there.

Or more like a 100 x physical 12 sovereigns in worthless ETF's on the CONmex.This rise is quick and TOTALLY justified by the HORRENDOUS fundamentals and in REALITY should be alot higher but their CONmex is still there EXPECT the UNEXPECTED.

I sense 'ERROLS' hundred dollar daily swings nearing.The first big ones could be around the announcement of QE3 and its succesful magical fixing of all the worlds woes.

"BE RIGHT HOLD TIGHT ONTO PHYSICAL" watch the fundamentals as they continue to get worse,whilst 'THE WIZARDS OF OZ's' continue with their ILLUSIONS and MANIPULATION.

You will be able to show me you can think for yourself when you dont copy out wiki QE and tell me it

is your understanding.

 

However i cant see a problem about you wanting to get insurance if you are forcasting inflation

providing you can survive massive sells off in Lehman type events. The point i was making was that

a huge correction in Gold is quite possible. Part of the reason for that huge correction is that

most people are not correctly understanding the nature of QE - including the amateur enthusiasts

who are determined to edit Wiki.

UNBELIEVABE.!!!

You need to grasp that if a very highly liquid easy to sell asset is removed from the economy it is deflationary. The fact you are talking about infinite amounts of QE3 fiat money says fairly loudly you do not understand the implications of removing financial assets from the economy and issuing another financial asset in its place.

 

Generally speaking most holders of gold are going to assume the world does not end and continues in some form that is not massively different to the way things have been in the last few hundred years. If steel is at rock bottom prices and Gold is still at todays prices people are going to feel gold is over valued.

 

I would assume deflation in the past was happening at a time of a gold standard. In deflation you have to pay down your debts or you are busted to hell by falling income. Under a gold standard and deflation, gold is the asset most sought after to pay down your debts. If the government was printing the claim notes for gold there would not be deflation so these claim notes and gold are rising in price relative to steel because both are equally sought

after. Today in deflation people would be seeking fiat money or

government bonds which are more or less the same thing.

 

To totally avoid deflation the government will have to buy steel to prevent the price falling or

forget about debt levels and just spend spend spend. Currently it is not working out that way. But it might eventually.

 

Anyway come the next lehmans, the banking system, which is levered to hell, will need to sell

something to survive.

BREATHTAKING.!!!!!!!

The economy is such a complex organism with so many variables that it simply cannot be controlled. It is the height of arrogance that our politicians and so-called economists think they can control it. And it is the absolute height of arrogance that they attempt to do so in such a way as to ALSO benefit their selfish goals.

It is the height of arrogance that our politicians and so-called economists think they can control it

Absolutely correct the central issuing banks using the Rothschild formula would be incensed that you could even imply such a thing.

ONLY THEY CONTROL.

It is the absolute height of arrogance that they even devised such a plan,execute it brilliantly and actually achieve their selfish goals.

What colour is your RIDICULE METER FLASHING NOW.?

MY WAKE UP METER IS FLASHING GREEN.!!!!!!!

http://www.marketwatch.com/story/gold-hits-fresh-record-silver-tops-40-an-ounce-2011-04-08

Gold settles at record; silver ends at $40.61 an ounce

Dollar weakness fuels commodities fire

SAN FRANCISCO (MarketWatch) — Fears of rampant inflation and U.S. dollar weakness added fuel to gold’s fire on Friday, pushing the metal to a record high, and took silver to a close above $40 an ounce, its first in three decades.

GLD will be as good as gold till the day it isn't, then what? Don't you find it funny that JPM are accepting gold as collateral but won't accept GLD shares as such?

 

Have a read of this - http://fofoa.blogspot.com/2011/01/who-is-draining-gld.html

 

 

Gold has just broken out of a month long consolidation, which displayed the inverse head and shoulders pattern, I think we are now due over $1500 in short order.

Don't you find it funny that JPM are accepting gold as collateral but won't accept GLD shares as such?

NO.!!!

Would you give ANY value to something that you will be wiping your A** with in the near future.JPM are many things but STUPID is definetly NOT one of them.

Its your choice follow the WIZARD OF OUNCES

OR FOLLOW THE YELLOW BRICK ROAD.!!!!!!!

FOA has been busy writing again well worth taking the time to read.!!

http://fofoa.blogspot.com/

Beautiful. 20-30 years ago, you would only know that kind of stuff from Italy or maybe Spain, but this is much worse and taken to an entirely new level.

 

http://www.youtube.com/watch?feature=player_profilepage&v=wgTt4wqwbPw

That aint going to happen in good 'OLD BLIGHTY' because the posters at property tribes say so.

KERPLUNK.!!!

The small sticks have/are being removed BIG FAT BRITAIN is still in situ very soon to be pulled.

 

ERROLS SWINGS WILL BE IN FULL EFFECT AGAIN TODAY.

Only a small beginning unfortunately, many of the proposals don't come into effect for a year or two yet (April 2013 for some).

 

There is a good round up on the BBC ("in graphics" tab, 12 cuts on 12 pages) that outlines the saving, the dates and the number affected.

 

http://www.bbc.co.uk/news/uk-12906528

Another pip falling out of the lemon,the squeeze is coming from so many different angles.This is going to end catastrophically.I would'nt call this the beginning we are well on the way now.

THE MONEY SCIENTISTS applying every historic and newly created propagandist concept in the known universe.

Absolutely beautiful to watch how they do it.!!!You have got to admit they are phenomenal.

WHY DIDNT I THINK OF IT FIRST.........THE WIZARD OF OUNCES.................

http://www.youtube.com/watch?v=-b8j19vyOGk

TODAY IS THE DAY THE REAL BTL SQUEEZE BEGINS.(Not an april fool joke)

http://www.bbc.co.uk/news/uk-12674409

Housing benefit changes: Who will be affected?

Thousands of families (AND BTL'S) across the UK will be affected by changes to housing benefit due to come into force this week - part of the biggest shake-up of the welfare system for decades.

Ministers argue the new measures, amounting to £2.4bn in savings, are necessary, not only to tackle the rising cost of benefits and the budget deficit, but also to create a fairer system for taxpayers and to provide greater incentives for people to work.

They say expenditure on housing benefit in cash terms has increased significantly from £11.2bn in 1997/1998 to £20bn in 2009/10, and without reform they predict it will reach £24.7bn by 2014/15.

http://www.direct.gov.uk/en/Nl1/Newsroom/DG_192415

Who is affected?

If you are making a new claim for Housing Benefit, these changes will apply to you from this 1 April 2011.

If you are already claiming Housing Benefit, the changes are likely to affect the amount of money you get towards your rent. If you are already claiming Housing Benefit, you may have more time before these changes apply to you.

If your circumstances don’t change, you will continue to get the same rate of Local Housing Allowance as you get now. This will continue for nine months after your local authority next assess your Housing Benefit, after 1 April. The information here will help you work out how the changes will affect you, or you can contact your local authority.

PECENTILE RATES FOR ALL ENGLISH LOCAL AUTHORITIES FOR MARCH 2011 ARE LISTED HERE.........

http://www.voa.gov.uk/lhadirect/Documents/LHA_percentile_rates_Mar_2011.html

This is explained away by this.......

http://www.bbc.co.uk/news/business-12935003

US unemployment rate falls to 8.8%

The US unemployment rate fell to a new two-year low in March of 8.8%, from 8.9% in February.WOW a .1% LIE DAMN LIE AND STATISTIC.

It was the fourth monthly fall in a row. The unemployment rate has fallen by a percentage point during the last four months.

WHAT A BLEEDING JOKE I MEAN PPPPLLLLEEEEAAAASSSSSEEEEE.!!!!!!!!!!!!!!!!!!!!

Cant they find some real original/decent reason to MANIPULATE the price it really is getting BORING now.

ERROLS SWINGS WILL BE IN FULL EFFECT AGAIN TODAY.

Good to see you are wide awake GF.

It must have been the living legend that is ALK that shook you in your boots whith his "WAKE UP MAN" rant.

Dont you just love that guy.

I mean to have an EXPERT in the sexual and mating biology of frogs on GEI is a major coo for all peruses of this financial investor's board.

I love his position in HARD paper asset's I wonder wether that investment philosophy was devised while he was watching his frogs sh##gging.

The pattern we have seen in the gold price over the last month or so tells us that it is preparing for a massive move. Whether up or down ... time will tell.

ERROL YOUR DAILY SWINGS HAVE STARTED.!!

$10-$15 a day at the momment roll on the $100 daily swings

I have held physical Gold & Silver for a few years now. I will hold until

a)my Sister phones me and asks "how do I buy Gold" or

b)The front page of the Sun reads 'Gold hits record highs' as a headline.

 

Everyone must reach their own conclusions on how far this has to go. Personally, I have taken the view that Yes this is a bull market (obviously!). Therefore if this is a bull market does it have the makings of a mania/bubble?, quite possibly yes it does. If it does then of course it will follow the pattern of every other mania. If it follows the pattern of every other mania then we will see:

 

extended mainstream media coverage in the UK

articles in the tabloids

middle shelves of the news agents crammed with 'shiny metal stuff' mags

TV adverts with "we SELL any gold.com" type themes

My Sister phoning me about how to buy gold.

 

So IF this thing has the makings of a potential mania, then we are a long way off yet.

 

It's an old chart(thumbnail below) I know but worth looking at every now and again to get perspective.

 

BUT, the reaction in the markets with the 'Japan situation' did/does have me concerned. I have been watching price reaction to many different situations over the years and admit that I fully expected a near direct inverse reaction in price for financials and 'safety' of Gold. I thought this would make an interesting trial run to a bigger end of world senario, bit like a school fire drill etc and was shocked to see the price fall. I understand the reaction with the paper market as positions need to be closed out quickly but I noticed the price of physical falling with the likes of coin invest. Do people think this was/is down to margin requirements or the sudden realisation that when the Poop really hits the fan you can't eat the stuff?(as they say).

 

I thought this would make an interesting trial run to a bigger end of world senario, bit like a school fire drill etc and was shocked to see the price fall.

Whilst the CONmex is still in play nothing should shock you.

ONE thing that you have not mentioned but i see as a KEY fundamental indicator for the next stage of any major further developments in the physical gold market is a CESSATION of the incessant 'WE WANT TO BUY (ROB) YOU OF YOUR GOLD ADS.'

I think this will mark a movement towards the next phase of this market.

I truly think the gold cartel and bullion banks have made such an obvious pattern to make people sell when the line was reached. I think they are just trying to clear out all the small fry so that they can make all the money for themselves.

 

Buy & hold ignore the daily noise.

I SOLD EVERYTHING.....

"Disregarding the big swing and trying to jump in and out was fatal to me. Nobody can catch all the fluctuations. In a bull market your game is to buy and hold until you believe that the bull market is near its end. To do this you must study general conditions and not tips or special factors affecting individual stocks."…

I AM A .....................................

Anyone on here know of a supplier of gold dust/dore (normally 92%)?

 

200+Kg/month needed.

Whats the application for.?

Would grain be of any use.?

PM if you like.