Jump to content

Recommended Posts

  • Replies 30.9k
  • Created
  • Last Reply

Top Posters In This Topic

  • G0ldfinger

    2616

  • romans holiday

    2235

  • drbubb

    1478

  • Steve Netwriter

    1449

http://blogs.telegraph.co.uk/finance/ambro...lization-shift/

 

China, gold, and the civilization shift

 

So far, China has just 1.7pc of its reserves in gold, or 34m troy ounces. I was told by a top Chinese official that they are buying on the dips so as not to crowd out the market

Jim Sinclair talked of a "Swiss stair" when governments accumulate. I don't know where the term comes from but the gold behaviour over the last several weeks has been like that.

 

For a population of 1 300 million 34m ounces of central bank gold is peanuts.

Link to comment
Share on other sites

Gold mentioned on iPM (Radio 4) this afternoon. An interesting piece - not just about the recent high...

 

[This was a response to a request to provide the price of gold more often, but turned into a reasonable piece on valuing wealth in terms of gold rather than local currency. Ultimately the presenter didn't 'get it', but didn't actually ridicule the suggestion either... ]

 

Was this instigated by anyone here...?

 

Not yet on iPlayer, but maybe later...

Link to comment
Share on other sites

Richard over at weightoncoin is doing a good 3 day deal on 1oz 2003 britannias incase anyone is interested.

 

2003 1oz Gold BRITANNIA - Special Limited Offer - 3 DAYS ONLY

 

FIXED PRICE - £749.00 - LAST 40 COINS....

Weighton Coin Wonders

 

that was quite interesting - he had 40 to start with

 

yesterday he had 13 left

 

i looked on his website this morning + he had 12

 

i went away and did some chores and looked this afternoon and he had one left

 

 

Link to comment
Share on other sites

Gold mentioned on iPM (Radio 4) this afternoon. An interesting piece - not just about the recent high...

 

[This was a response to a request to provide the price of gold more often, but turned into a reasonable piece on valuing wealth in terms of gold rather than local currency. Ultimately the presenter didn't 'get it', but didn't actually ridicule the suggestion either... ]

 

Was this instigated by anyone here...?

 

Not yet on iPlayer, but maybe later...

 

Heard it - the guy came across well and stood his ground despite the patronising tone of Nils Blythe. It was telling that at the conclusion, the female presenter announced Friday's closing price of gold - and added that as it was so high she may sell her earrings.

Link to comment
Share on other sites

Heard it - the guy came across well and stood his ground despite the patronising tone of Nils Blythe. It was telling that at the conclusion, the female presenter announced Friday's closing price of gold - and added that as it was so high she may sell her earrings.

 

now available here : here - about 17minutes in.

 

 

Link to comment
Share on other sites

He comes across as a bit emotional, saying things like

 

There is no other choice
without a very strong supporting arugument is no a good way to make a case.

 

Like the BBC man said if they dont give the oil price or the bond markets, theres no reason to give the gold price. What is the justification for the shipping forcast though?

Link to comment
Share on other sites

This seems strange - Anything in it ?

 

from Kitco Forum

 

http://www.mffais.com/99286

 

Check it out. These guys basically sold ALL their mining holdings one week ago and they were in big.

 

50 miners and they sold each and every stock in them?

 

Also, they called the top in oil perfectly last year apparantly.

 

Link to comment
Share on other sites

This seems strange - Anything in it ?

 

from Kitco Forum

 

http://www.mffais.com/99286

 

Check it out. These guys basically sold ALL their mining holdings one week ago and they were in big.

 

50 miners and they sold each and every stock in them?

 

Also, they called the top in oil perfectly last year apparantly.

Stocks will get slaughtered, much more than bullion, on a market reversal. Those easy come "profits" could be gobbled up quite quickly.

 

If we get another large sell-off, I'd only then think about buying mining stocks.

 

 

Are these currency crosses signalling a turn?

 

http://www.greenenergyinvestors.com/index....st&p=144452

Link to comment
Share on other sites

Bob Chapman follow up - Potential For Fed To Hyperinflate

Posted: November 28 2009

 

The debt that is owed simply cannot be repaid. Japan, the US, the UK and Europe will be the first to go followed by most of the rest of the world.

 

You ask who will be the big winners? Gold and silver of course. Just as we have been telling you they would for 9-1/2 years, since gold was $252.00 and silver $3.80. Look at the gains for those who listened. And, we still have a long, long way to go to preserve our wealth. Over all those years the gold suppression cartel fought to hold down gold prices by selling gold, using derivatives and futures and in collaboration with good producers such as Barrick Gold and others.

 

Link to comment
Share on other sites

Ignore the paper gold traders. This is what is happening in the real gold world. Please note how they state that real gold has little relation to the fixed paper gold price. The piece was written by the wall street journal so such nonsense is to be expected.

 

http://online.wsj.com/article/SB125944865039968123.html

 

Yet prices for certain gold coins often are showing little relation to gold's market value. The U.S. Mint (usmint.gov) currently sells the so-called Ultra-High Relief Double Eagles, a one-ounce gold coin, for $1,539. But some consumers are paying as much as $3,000 to some dealers.

 

The U.S. Mint announced Wednesday that, because demand has depleted inventory, it will temporarily suspend sales of gold and silver American Eagles through early December.

Link to comment
Share on other sites

The U.S. Mint announced Wednesday that, because demand has depleted inventory, it will temporarily suspend sales of gold and silver American Eagles through early December.

I thought that happens each year when they are changing over to the next years date. I have also heard that they are still selling the smaller weight coins and it is just the one ounces that have been stopped. Aren't they just gearing up for releasing the 2010 Eagles?

 

 

Link to comment
Share on other sites

"Dr. Marc Faber" with an important message to the members of this forum: http://gold.approximity.com/faber_frizzers.mp3 :lol:

 

:lol: very good!

 

Yes... I think Bubb is correct about property and his TFH food ideas, but on Gold/Silver very wrong.

 

He starts up threads about how Gold is going off a cliff when his opinion should be restricted to the gold trading thread IMO.

 

How many people actually trade day to day on here?

 

Anyway let's not get into that again...fcuk just buy some gold! :lol:

 

 

 

Link to comment
Share on other sites

Good article from D R Schoon - COLD TURKEY THANKSGIVING 2009

 

http://www.drschoon.com/articles/ColdTurke...sgiving2009.pdf

 

Simply put, bankers replaced money with credit and debt in order to profit by the indebting of others. It’s why bankers are now so rich. It is also why

others are now so poor.

 

Modern currencies are a fraud

 

Its breakdown is now underway as constantly compounding consumer, business and government debt can no longer be carried and/or paid for by existing or future productivity, especially as economies are contracting, not expanding, and collective debt levels are skyrocketing to levels which can never be repaid. We borrowed against tomorrow and tomorrow is here.

Gold and silver are barometers of monetary turmoil and economic distress; and the higher they rise, the more severe and closer the collapse will be.

For the few who saw the collapse coming, it will be a vindication that the truth can and will triumph, that monetary fraud no matter how ubiquitous or long-standing cannot last forever, that gold and silver are money and that paper currencies are not.

Professor Antal Fekete said the day gold and silver explode upwards will be a sad day for humanity. He is right. The explosive ascent of gold and silver will be caused by the global collapse of paper assets and paper money. Suffering and loss will be the experience of most.

 

All so very true!

Link to comment
Share on other sites

Create an account or sign in to comment

You need to be a member in order to leave a comment

Create an account

Sign up for a new account in our community. It's easy!

Register a new account

Sign in

Already have an account? Sign in here.

Sign In Now

×
×
  • Create New...