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GF will love this one :D:D:D:wacko:

 

http://www.housepricecrash.co.uk/forum/ind...75&start=75

 

 

 

 

The motto is here... Don't try and short a primary bull market.

Only RK could beat this one. :rolleyes:

 

Why on earth did I write my fingers wound on the old gold thread on HPC if these morons come along and short those markets? :lol:

 

But then, someone HAS to be on the loser side of all those profitable investments out there.

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(1) In catalysts, Palladium can substitute Platinum at a rate of 2.5-3 times more Palladium than Platinum. Hence, once the price of Platinum is higher by that rate, car producers might start buying more Palladium. This could soon be the case and could let Palladium surge more.

 

I was looking into this last year after one of my friends stated up a recovery business and told me how much the price of scrap cars had gone up, the cats made upto one third of the price of the scrap car. Last year the price of a cat at a scrap dealer was around £35 if it contained both 'bricks'.

 

Sadly I lost the links and information I had on this when I last formated my PC but I can still vaugely recall the data.

 

As I understand it there are two basic types of catalytic converters, the ones for petrol engines can use either platinum or palladium whereas the converters for diesel engines must use a combination of platinum and palladium. There are two 'bricks' in a catalytic converter and sometimes the second brick can 'blow out' and only be worth half the scrap price, scrap dealers can check this by the scientific method of poking a stick up one end to see if the second brick is intact.

 

You can do an Internet search for the price of a new catalytic converters at car parts dealers to see the difference in prices between diesel and petrol cats. You also will find when you go to a exhaust specialist to have your car exhaust repaired or changed that they will keep your old exhaust/catalytic converter as part of the deal. Some unsrupulus car parts dealers could charge you the price of a platinum/palladium diesel cat for your petrol car when you petrol car uses the cheaper palladium cat. I remember reading about how attempts are being made to replace the platinum/palladium with gold or even silver, but I have no information about how thats progressing. (Who knows maybe Realist Bear will create a particle accelerator and make platinum out of thin air)

 

That amount palladium/platinum varies depending on the engine size of the car, I am not quite sure where I heard it but I think that it may have been Nick Barisheff who said in an interview that cars can contain upto a 7 gram combination of palladium/platinum and catalytic converters for large trucks/ buses could contain upto 20 grams.

 

The problems begin when you attempt to reclaim the metal from the catalytic converter as cutting them open will give a of carcinogenic dust. Strong acids are used to reclaim platinum from ceramic bead catalysts and these acids will give off very hazardous vapor.

 

 

 

http://auto.howstuffworks.com/catalytic-converter2.htm

 

In the catalytic converter, there are two different types of catalyst at work, a reduction catalyst and an oxidation catalyst. Both types consist of a ceramic structure coated with a metal catalyst, usually platinum, rhodium and/or palladium. The idea is to create a structure that exposes the maximum surface area of catalyst to the exhaust stream, while also minimizing the amount of catalyst required, as the materials are extremely expensive. Some of the newest converters have even started to use gold mixed with the more traditional catalysts. Gold is cheaper than the other materials and could increase oxidation, the chemical reaction that reduces pollutants, by up to 40 percent [source: Kanellos].

 

http://www.financialsense.com/fsu/editoria.../2007/0330.html

 

Automotive Catalysts

 

Platinum, along with palladium, is in great demand by the auto industry, which soaks up 33% of annual supply. Since 1999 auto catalyst demand has more than doubled, largely because platinum has a unique ability to control and remove harmful engine emission by-products. The importance of platinum within the auto industry will continue to grow as governments around the world worlds ecologically responsible governments demand greater levels of emission control, and future demand could increase exponentially, along with price.

 

Diesel engines, already extremely common in Europe and Asia, are becoming increasingly popular in North America. Currently only platinum can be used for diesel auto catalysts, and only platinum can be used in third-world countries where sulphur levels in the fuel exceed acceptable limits.

 

Diesel cars now account for more than 50% of the market in Europe, where many models include soot filters that employ platinum as well as oxidation catalysts. European auto catalyst demand is expected to increase by 15% to 2.25 million ounces in 2007.

 

In North America many light diesel trucks will have catalysts fitted for the first time in 2007, and platinum use in larger trucks is also expected to increase. Platinum consumption by North American automotive industries is expected to rise by 5% in 2007 to 1.5 million ounces.

 

 

(2) If Russia stops Palladium exports after (1) has occurred (they've done that in the past), the price could explode (cartel/mafia like action, similar to South Africa).

 

A more interesting mover in the palladium and platinum price could be if the US starts to change its automobile infrastructure towards the more efficient diesel engines, above Nick Barisshef writes that the vast majority of cars in the US run on petrol. Imagine what it could do to the price of diesel and platinum if the US were to diversify just a small percentage of its automobiles into diesel.

 

 

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I'm interested in finding historical gold price data. I'd want it to be in sterling, and ideally to go back as far as, say, 1950. Quarterly or monthly prices would be quite sufficient.

 

I have managed to find a chart of yearly gold price data going back to 1833, but it's in dollars! ;)

I somewhere have monthly prices in Sterling since Dec. 1952.

 

For a chart see also: http://gold.approximity.com/gold_GBP_monthly_since1952.pdf

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I'm interested in finding historical gold price data. I'd want it to be in sterling, and ideally to go back as far as, say, 1950. Quarterly or monthly prices would be quite sufficient.

 

I have managed to find a chart of yearly gold price data going back to 1833, but it's in dollars! ;)

 

This is a great source of DATA :D

 

World Gold Council - Investing in Gold

http://www.invest.gold.org/sites/en/en/how_to_invest/

Charts of Gold price against currencies: http://www.gold.org/value/stats/statistics...yshort2000.html

Once logged in you can download Excel data from here: http://www.gold.org/value/stats/statistics/prices/index.html

In Excel, make sure the analysis tools are enabled in Tools->Add-ins..., and use Chart -> Add Trendline.... And select "moving average".

Here: http://www.research.gold.org/prices/ - including 1900-2006 in £

Here: http://www.research.gold.org/investment/

Here: http://www.invest.gold.org/sites/en/faqs/#12

 

Daily gold prices from 2000 to now: from here http://www.research.gold.org/prices/

or directly from here: http://www.gold.org/deliver.php?file=/valu...s/web_daily.xls (updated weekly)

 

Forecasts for the coming year: http://www.lbma.org.uk/publications/2008survey.pdf

 

Steve

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Would anyone like to comment on this perspective on current status of gold trading from Dan Norcini from JSmineset?

 

I'm not hugely familiar with the Commitments of Traders stats but maybe they are something worth keeping a close eye on to gauge short term status of gold/silver markets? I'm sure there's more info on GEI somewhere so I'll have a dig around. Happy to hear of anyone's views on COT usefulness though.

 

 

JS mineset

"Open interest in gold is down nearly 140,000 contracts from its peak near 593,000. That is one huge cleanout that has occurred. Actually based on the severity of this drop, I am tempted to say that the worst is over in gold. It is hard for me to conceive of anyone calling the gold market “filled with speculative longs” after a drop in open interest of this magnitude. I still want to see Friday’s COT report as that will provide a much better insight as to what is taking place internally in this market. My main question is how much of this drawdown is related to spreaders dropping their positions as measured against the spec and commercial outrights. The funds tend to add on shorts into weakness so we might have the situation where fund long liquidation is being met with fresh fund selling. That might be serving to mask the severity of the decline in the open interest readings so we will need to see the data on Friday to get a good perspective"

 

I think it's hugely important. I read every word from Jim et al every day :D

 

The article Frizzers just posted on silver will give you a real good idea why:

 

By: Theodore Butler and Israel Friedman

24 March, 2008

http://news.silverseek.com/TedButler/1206378069.php

 

The sharp sell-off has resulted, in my opinion, in the cleansing out, or removal, of most, if not all, of the technical fund leveraged long positions in silver and gold. I think the amounts come to 20,000 contracts (100 million ounces in silver), and 75,000 contracts in gold COMEX futures (7.5 million ounces). This is my analysis, but we will have to wait until this week’s COT Report is issued to verify the actual figures.

 

IMO we little guys have to be aware of the big players. Like little fish feeding around sharks :rolleyes:

 

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apologies if this has already been posted

 

i am still waiting for my 20 x 100oz bars

 

 

http://www.silverstockreport.com/2008/perth.html

Perth Mint and Kitco Scheme Exposed

(What's going on here?!)

Silver Stock Report

by Jason Hommel, March 26, 2008

 

Yesterday, I got into a bit of trouble by writing that the NorthWest Territorial mint was bankrupt, which they are not (consider this a second retraction). The NorthWest Territorial mint only has a risk of bankruptcy since they have so much silver owed to them by their suppliers, and those risks concern me in light of shortages of silver reported everywhere, and their long delivery times.

 

What is going on with Perth and Kitco is very unfortunate, since the Perth Mint is reportedly one of the largest bullion dealers in all of Asia, and Kitco has the largest presence on the internet, ranking number two in the search terms for silver and gold, just behind wikipedia.

 

So I have to choose my words carefully regarding the Perth Mint & Kitco. Perhaps the words of Jesus and Andrew Jackson are appropriate to quote in this context:

 

"You are a den of vipers. I intend to rout you out and by the Eternal God I will rout you out. If the people only understood the rank injustice of our money and banking system, there would be a revolution before morning." --Andrew Jackson, 1828

 

Matthew 23:33 "You snakes! You brood of vipers! How will you escape being condemned to hell? 34 Therefore I am sending you prophets and wise men and teachers. Some of them you will kill and crucify; others you will flog in your synagogues and pursue from town to town.

 

You know who Jesus and Andrew Jackson were addressing? The moneylenders who offer to hold your money for you!

 

Since I advocate that you hold your own bullion yourself, I've wondered if the business practices of Kitco gave them a bias to rarely ever publish my articles, even though I was an advertiser for years, and my articles appeared far more regularly at gold-eagle.com and goldseek.com. I think I finally figured it out, and it's time for me to finally burn my bridge to kitco; as I don't need them anyway, and stopped advertising with them a while ago.

 

Kitco is a partner in a bullion certificate scheme with the Perth Mint, and also offers a pool account like Perth Mint does.

https://online.kitco.com/pmcp/

 

I believe, but cannnot prove, that Kitco is short of bullion owed to their own customers in their pool account, and this would explain why they publish the anti-gold articles that they do. If you own precious metal in a pool account or certificate form with anyone, Kitco, Perth, Monex, Goldline, any Major Bank or Brokerage, or anyone else, I think you would be wise to cash out, and get real silver somewhere else, even if you have to pay extra fees to do so.

 

Here are my five witnesses in my case against the Perth Mint (Kitco is implicated only by association, as they advertise the Perth certificates.)

 

The testimony of the people below go to show that you cannot trust silver certificates, nor can you trust allocated silver storage, nor can you trust government guarantees. (Trusting government guarantees for bullion is the most absurd thing I can think of, since governments are the ones who are printing money which competes with the demand for silver as money!)

 

=============

 

Date: Thu, 28 Feb 2008 18:52:05

Subject: Re: Silver Stock Report: How to Get Into Silver, for Billionaires

 

S Tabikh wrote:

 

Jason,

 

Ive just ordered $20k worth of Silver 100oz bullion from the Perth Mint and have to wait upto 6 months for delivery for such a small order. Goes to show the lack of Silver avaliable.

 

Regards,

Shafic

 

=============

 

Date: Thu, 28 Feb 2008 15:07:40

Subject: Re: How to get into Silver for Billionaires

 

peter wrote:

 

Hi Jason,

 

Thanks for sending me your latest email, I'm always interested in hearing your opinion of the current state of the Silver market.

 

I was rather alarmed, however, to read the story of the gentleman you mentioned who had 10,000 ozs of allocated Silver stored on his behalf by a "AAA rated,... guaranteed " mint which "services the Asian market" ...I assume you are unable to publicly identify the mint concerned for legal and other reasons, but I would greatly appreciate it if you could inform me privately of same. IE: Is it the Perth Mint?

 

The reason I ask, as you can probably guess, is that my own situation is almost identical to the one mentioned in your article (which listed difficulty getting allocated silver which took 6 months) and you have now further aroused my suspicions about the alleged security of allocated storage of precious metals. In addition, I have also met with an un co-operative attitude when making enquiries about taking delivery of my Silver, so again there are further parallels with your story.

 

I hope you can take a moment from your busy schedule to share this information with me as obviously, its vitally important to my future financial security -just a simple 'yes' or 'no' in answer to my query above would suffice, no need to elaborate.

 

Thanks again for your time and I wish you every success in spreading the Story of Silver to the world.

 

Regards,

Peter

 

Jason: YES! I was alluding to the Perth Mint, but I didn't have enough testomony at the time to name them publically, but now the truth comes out! Get your silver. Travel to their location, and get it, and haul it away, as soon as possible. (They might not have it!)

 

=============

 

3/19/2008 9:20 PM

Jason,

 

Just placed another order with Perth Mint, they are out of stock on everything, however there waiting period is no longer 6 months (Im guessing they received alot of complaints) its now 6-8 weeks.

 

Just got off the phone with them, they have no bullion in stock, its all on backorder, the official excuse is that it takes along time to make the bars and everyone wants them, could be viiewed as a good thing knowing demand is high, but I personaly dont like waiting 6-8 weeks for delivery.

 

I contacted several other dealers in Sydney, only 1 out of 5 has stock...... Everyone has back orders with PM which is the distributor.

 

Regards,

S

 

=============

 

In the March 26th Midas report, from lemetropolecafe.com (a site I subscribe to, and highly recommend):

 

G'day Bill

The shortage of silver is becoming acute in Australia. I phoned my supplier (THE major in my state) this morning, to confirm the developing situation re supply and he has confirmed that he cant get silver until May. He has always had ample stocks on hand, with my son or myself able to walk in and transact on a cash and carry basis.

 

NOT ANY MORE!!! He can't get a price from his supplier whom I assume is the Perth Mint or the Australian Bullion Co, as these are the bars that I have received from him. He only does Open Book orders where he will take your order but will not be able to price the metal until he is assured of a delivery price from his suppliers. Mid April is when he expects to be able to price an order. He said he has knowledge of a Perth Mint customer who has his money tied up in their Unallocated Pool Account, using Silver Certificates. Taking the advice of various "hold it in your hot little hands" advocates (such as yourself, Ted Butler and Jason Hommel etc,) he tried to redeem his certificates and have his holdings transferred into an Allocated Account.

 

The Perth Mint has advised him that they WILL NOT buy his certificates from him and WILL NOT allocate physical silver to him. They will however ALLOW him to swap them for gold. They will only do this by slugging him on the spreads. They slug him on their buy back price for silver and then whack him for their mark up on gold. He apparently is a man on the edge as my dealer feels that he is close to topping himself over the issue. Must be on Margin. I wonder if the Perth Mint is so broke that they can't pay him. Apparently they are backed by the full faith and credit of the Western Australian Govt. Yeah Right!

 

Stow it or blow it is the right call from you et al, and I thank you dearly for the advice, as I was once a Perth Mint PAPER silver certificate holder.

 

=============

5:24 AM, March 26th

 

Hi Jason,

just wanted to let you know about recent dealing with Perth Mint.

As I have been following your emails now for some time I recently decided to buy silver at Perth Mint in the form of the PMCP (Perth Mint Certificate Program).

Talking with a person in their Treasury Department I opted for Unallocated silver with the view of changing that to Allocated or pick up at a later stage.

After your email "If you don't hold it, you don't own it" I sent an email saying when I wished to pick it up, giving about 4 weeks notice that I was told I needed to give.

Still have had no reply after a phone call and another email.

 

Wondering if you have had any similar emails from anyone else regarding Perth Mint?

 

God bless,

Graeme.

 

=============

=============

 

 

I've been thinking more about how people who are afraid of risks, and who don't want to pay the costs of storing their own silver, tend to trust promises of men rather than the provision of God. The Great Harlot of Revelation 17-18, I believe, refers to moneylenders who lend to the kings of the earth to control them; and this is harlotry because the Harlot will trust the kings of the earth for security rather than the King of Kings, Jesus Christ.

 

So, now, I wonder how much different it is to trust having someone else hold your silver for you; is that an act of spiritual harlotry as well? Do these people who put their trust in the Perth Mint, guaranteed by a "king", the government of Australia, get what they deserve? The kings are said to turn on the harlot to destroy her, and I wonder if the Perth Mint not giving out silver that was paid for is like a preview of that prophecy. You judge.

 

As for me, I've long decided to choose to be responsible for taking dominion over God's provision of silver that He has entrusted to me to care for, and I'll accept and take the risks of holding it myself, and I'll trust in God that things will work out ok without man's insurance.

 

I know that if I have wealth, then I must also have the wealth to guard it, as that is a basic undeniable truth.

 

If you have a small amount of silver, get a lock box. If you have more, get a floor safe. If more, get a large gun safe. If more, get several gun safes. If more, build a vault. If more, build a warehouse.

 

According to God, if you are Christians, you are Kings and Priests, and so, I try to act like it; taking possession and guarding my silver with my own safes, and preaching that others do the same.

 

Revelation 5:10 And hast made us unto our God kings and priests: and we shall reign on the earth.

 

The united States is supposed to be a nation of sovereigns, kings, the people are the kings.

 

Act like a King. Get your silver.

 

Act like a Priest. Tell other people to get their silver.

 

http://find-your-local-coin-shop.com/

 

Sincerely,

 

Jason Hommel

www.silverstockreport.com

www.miningpedia.com

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GoldUS_080327.gif

 

IMO there are only 3x options:

 

1. It gets knocked down hard again, and falls to about $860, before rebounding back up.

 

2. It dips again, maybe a few times, but dips most on the next dip, but at a higher level than $905. Each successive dip would then be higher, and when it reaches the end of a coil, it then shoots up.

 

3. It just goes straight back up again.

 

Notice all 3x options result in the same thing in the end :D

 

Just my views :D

 

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I wouldnt be sucked in by that hyperbole...its just attention-seeking. cgnao is very good at digging out worrying info and disseminating it, though he undermines his credibility with these baseless posts. Shame really.

 

 

bernie the dolt

 

you were the fool a while back questioning the significance of the rothschilds within abx barrick

 

something a much more clued up poster took the time to research and head you in the right direction

 

shut it if you don't know what you're talking about

 

and you don't

 

cheers!

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So I have to choose my words carefully regarding the Perth Mint & Kitco. Perhaps the words of Jesus and Andrew Jackson are appropriate to quote in this context:

 

"You are a den of vipers. I intend to rout you out and by the Eternal God I will rout you out. If the people only understood the rank injustice of our money and banking system, there would be a revolution before morning." --Andrew Jackson, 1828

 

cryinglaugh.gifcryinglaugh.gifcryinglaugh.gif

 

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I watched most of the second half, I was quite depressed with that dreadful easter weekend but having watched it I feel even worse. Having said that, it really put the world into perspective and how we are conditioned. One major question that came up to my mind is if every large event is part of an agenda then how on earth the potential collapse of the current financial system can be one of them? I am pretty sure than Bernanke who is a "depressions" specialist must know exactly the consequences of his actions with his greedy buddies, right? What benefits could they get from it? Are we perhaps going to get a black swan along the corner?

 

 

who, the metaphorical 'day before', predicted the black swans of 911 and the toppling of the berlin wall?

 

911 was a fait accompli

 

it came like a thief in the night, but was planned methodically for many decades

 

the replacement of the russian ogre with alfred kida, the new kid on the block

 

e v west

 

good for bidness doncha know

 

cgnao's allusion to a 2 week uk bank holiday + a massive devaluation is equally out of the blue, on the surface, and for those with pea brains, unthinkable

 

but now, obviously to all except bob monkhouse, not without precedent

 

28 and trying to get a degree?

 

open university is it?

 

LOL, godspeed with your brainwashing...

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Only in our centrally panned world of Capitalism - which is really another form of communism which lets you keep your stuff in good times and vote from a list of chosen "leaders" once in a while - can we have bailouts from a private company (fed and Boe) with public money. All the banking bailouts shows us who is really in charge, and that is the central banks, which are supposed to be independent from government, but in reality are only independent from you and I as we are not allowed to vote the parasites out. Another trait of communism I may add.

 

Anyway back on topic. Gold dived 15% recently on news that a major investment bank just croaked and all other investment banks can now join the money trough with the other pigs otherwise known as member banks. Also in the news, a RUMOUR ALMOST COLLAPSES THE UK BANKING SYSTEM. Yep, that is the stability the 97th sexiest man alive claims the UK economy has*. Inquiring minds would like to know what would happen in the UK if the economy falters in Brown's mind. A cross between the films Mad Max and 1984 comes to mind.

 

Gold should be crossing $1,500 right this minute based on this news. A lot of inflationists are now joining the deflation camp based on what the bond market is saying. Of course the bond market could be another rigged table in the money changers' casino, so what to believe anymore is suspect. The owners of the casino are desperate to keep the punters at their tables, and not exit the system and buy real commodities, the only form of money since man crawled his way out of the cave.

 

*Womans magazine voted Brown the 97th sexiest man alive - I rest my case on the general stupidity and low standards that is endemic in the UK.

 

 

 

did you notice the autistic (and i say that advisedly, see the real MD's and psychiatrists' diagnoses at guido fawkes) paedophile snuff enabler at the sarkozy bash today? gurning and nodding his cyclopic head like a regular at the wailing wall, headphones on and rictus features pointed north, nod nod nod, rock rock rock, back and forth, back and forth, GIDDYUP!!! already, so coooomforting

 

thosre PR types get 100 house points for insisting gordo NODS HIS HEAD like a moron, because, doncha know, the cameras are always on you and the electorate notices these things, how SERIOUS you are!!!!

 

pond life

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cgnao posted this on 26 march 2008 http://www.housepricecrash.co.uk/forum/ind...p;#entry1032614

 

>>>>>>>>>>>>>>>> Are You Ready?

Have you put your financial house in order?

 

Suppose an emergency bank holiday is declared. After two weeks, banks re-open and GBP is devalued by 90% or more. Pump petrol prices skyrocket to 10 pound or more, not to mention food and other vital items.

 

How would you cope? What would you do?

 

Think I am crazy? I do hope I am.

 

Protect yourselves.<<<<<<<<<<<<<<<<<<<<<

 

 

 

 

I don't know what to make of this post but I respect cgnao posts. It would be arrogant for humans to think that there will never be a war as destructive as the second world war as we now have nukes. Similarly there will never be a crisis like 1929 again? Think again! Does anyone object to me copying his posts here, at least the most significant ones?

 

 

please keep this ON THE MONEY cgnao information source coming

 

ignore bernie the dolt

 

up a bit

 

down a bit

 

left a bit

 

right a bit

 

ready

 

aim

 

erm...

 

 

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We shall see. Its all about time though. It will happen but when is the question. I think he is correct in what he says (100% :P ) He says it in such a way as to wind some people up, which makes it very entertaining.

 

 

he's already called the correct situation many multiples of times, many, so i wish the stupid stupid detractors would acknowledge this

 

he is bang on so far, and has proved to be correct for YEARS

 

as you say, it is just a matter of ***time***, and even the elites have no EXACT timeframe, it is all pushing and shoving and manipulating to get the desired outcome

 

organised chaos, lol

 

chao ab ordo

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