G0ldfinger Posted June 18, 2010 Author Report Share Posted June 18, 2010 "Another" definitely got the assessment of the Euro wrong. His timing was slightly off as well (+12 years?). Link to comment Share on other sites More sharing options...
DoctorSolar Posted June 19, 2010 Report Share Posted June 19, 2010 Tom's shorts are underwater but he's sticking with it: http://www.cnbc.com/id/15840232?video=1525161532&play=1 Could we go higher? Yeah 10 bucks. But 200 down is gonna hit before 50 up So $1056 will happen before we see $1306? Lets see how this one works out... Link to comment Share on other sites More sharing options...
Errol Posted June 19, 2010 Report Share Posted June 19, 2010 $200 down? Excellent. Hopefully we go down to $700. The cheaper the better. Link to comment Share on other sites More sharing options...
electroweak Posted June 19, 2010 Report Share Posted June 19, 2010 $200 down? Excellent. Hopefully we go down to $700. The cheaper the better. Yes, just made a little purchase myself - I always find myself expecting to have bought at the top. This time is no exception! - but I just don't care anymore. Link to comment Share on other sites More sharing options...
G0ldfinger Posted June 19, 2010 Author Report Share Posted June 19, 2010 This could mean higher Dollar prices of gold too. http://preview.bloomberg.com/news/2010-06-...c-recovery.html China Signals End to Yuan's Two-Year Dollar Peg as Its Economy Recovers ... Yuan 12-month forwards rose the most this year yesterday, gaining 0.6 percent to 6.7081 per dollar. Photographer: Qilai Shen/Bloomberg China said it will allow a more flexible yuan, signaling an end to the currency’s two-year-old peg to the dollar a week before a Group of 20 summit. Link to comment Share on other sites More sharing options...
electroweak Posted June 19, 2010 Report Share Posted June 19, 2010 This could mean higher Dollar prices of gold too. http://preview.bloomberg.com/news/2010-06-...c-recovery.html China Signals End to Yuan's Two-Year Dollar Peg as Its Economy Recovers Incredibly ironic, that I am now listening to "Comfortably Numb" by Pink Floyd. What constitutes an exit from the trading range? (I should have been more specific...!), but it's obvious something is brewing and it's an unsustainable tension. If the range is not allowed to widen, then at some point, it's going to blow. Favorite 2010 Forecasts http://www.greenenergyinvestors.com/index.php?showtopic=8971 Yuan de-peg or exit from current trading range. Link to comment Share on other sites More sharing options...
Crashman begins Posted June 19, 2010 Report Share Posted June 19, 2010 "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) Link to comment Share on other sites More sharing options...
ologhai Posted June 21, 2010 Report Share Posted June 21, 2010 BV's gold chart doesn't seem to have 'woken up' since the weekend. Is anyone else seeing this, or is it just me? Link to comment Share on other sites More sharing options...
pjohnp Posted June 21, 2010 Report Share Posted June 21, 2010 BV's gold chart doesn't seem to have 'woken up' since the weekend. Is anyone else seeing this, or is it just me? No, you're right. Link to comment Share on other sites More sharing options...
Steve Netwriter Posted June 21, 2010 Report Share Posted June 21, 2010 Is this the quietest bull in history? I'm listening, but I can't hear anyone making any noise about this. GoldUS$=1263.47 and SilverUS$=19.39, getting very close to "interesting" levels. Oh wait, I hear it now, the distant thunder of currencies collapsing around me ================ Someone asked about Another/FOA/FOFOA recently. I did look, and to my great surprise I couldn't find references to them in the notable threads list! Sorry about that. I've been posting about them for ages, I'm puzzled I haven't done that on here http://neuralnetwriter.cylo42.com/forum/91 Here's FOFOA's latest: http://neuralnetwriter.cylo42.com/node/3053 I VERY STRONGLY suggest everyone read the recent few articles of FOFOA. I do believe many people have not quite the right idea about gold. For example, please, can someone tell me, what is the maximum 'price' of gold? Here are some numbers to work with, if that helps. Total world wealth in 2007 in 2000 US$ = 125.25 Trillion [1] Equivalent 2010 dollars = 125.25 TUS$ * 1.25 [2] = 156.56 TUS$ Total above ground gold = 158'000 metric tons [3] Link to comment Share on other sites More sharing options...
nicejim Posted June 21, 2010 Report Share Posted June 21, 2010 Rothschild's investment trust thinks there's money to be made in selling gold. It bought a stake in BullionVault. http://www.telegraph.co.uk/finance/newsbys...llionVault.html Judging by the chart, they're probably right. http://www.google.co.uk/finance?chdnp=1&am...:RCP&ntsp=0 Link to comment Share on other sites More sharing options...
Errol Posted June 21, 2010 Report Share Posted June 21, 2010 Russian Central Bank Gold Purchases Soar In May - China Too? Russia's Central Bank reported purchasing 1.1 million ounces of gold in May. This is a staggering 31.21 tonnes. The chart below is from Richard Nachbar at http://www.coinexpert.com/: The fact of the matter is that what is occurring in Greece, Spain et al is a mere prelude to the kind of financial tsunami that will hit the United States. Perhaps this is why Russia and China are hastening their Central Bank diversification into gold... http://truthingold.blogspot.com/2010/06/ru...-purchases.html Link to comment Share on other sites More sharing options...
Wanderer Posted June 21, 2010 Report Share Posted June 21, 2010 FT is reporting Saudi holdings of gold at all time high too.... Link to comment Share on other sites More sharing options...
G0ldfinger Posted June 21, 2010 Author Report Share Posted June 21, 2010 FT is reporting Saudi holdings of gold at all time high too.... The question is, how much 'hidden' holdings do they have on top of that. I don't believe any public numbers form China or Saudi Arabia when it comes to gold. They're not stupid, so they MUST have much more. Link to comment Share on other sites More sharing options...
romans holiday Posted June 21, 2010 Report Share Posted June 21, 2010 The question is, how much 'hidden' holdings do they have on top of that. I don't believe any public numbers form China or Saudi Arabia when it comes to gold. They're not stupid, so they MUST have much more. 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. Link to comment Share on other sites More sharing options...
electroweak Posted June 21, 2010 Report Share Posted June 21, 2010 What amazes me is that they 'fessed up to having 350 odd tonnes... double he 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 acquiring. nearly triple. Link to comment Share on other sites More sharing options...
romans holiday Posted June 21, 2010 Report Share Posted June 21, 2010 nearly triple. Here's a question.... how much is a tonne of gold worth in current terms? apparently the total gold market is only around 500 billion, according to Meredith Whitney.... Correct me if I'm wrong... in a metric tonne you have a 1000 kilos. 30 ounces in a kilo... 30,000 times 1250 = USD 37,500,000 Apparently the Saudis have the fourth largest holding now: 350 tonnes at 37,500,000 = 13,125,000,000 13/ 14 billion dollars worth.... out of a market of 500 billion odd. You'd expect the 4th largest holding to be bigger than that..... Link to comment Share on other sites More sharing options...
tinecu Posted June 21, 2010 Report Share Posted June 21, 2010 Here's a question.... how much is a tonne of gold worth in current terms? As of now: $40,350,000/tonne Link to comment Share on other sites More sharing options...
Wanderer Posted June 21, 2010 Report Share Posted June 21, 2010 A metric tonne (1000kg) is worth 40,000 dollars x 1000kg = a mere 40,000,000 (that's $40million dollars to you - or c.£27m) - or about a third of a Eurofighter. So the US's gold c. 8300 tonnes is worth about 8300 x $40m = a snip at $332billion dollars or £200bn odd quid. Or, to put it another way, for less than half the cost of the TARP you could have bought the entire US gold stock... If you want a ton, I've got one for you, but I don't have change for a $50m note.... Link to comment Share on other sites More sharing options...
romans holiday Posted June 21, 2010 Report Share Posted June 21, 2010 A metric tonne (1000kg) is worth 40,000 dollars x 1000kg = a mere 40,000,000 (that's $40million dollars to you - or c.£27m) - or about a third of a Eurofighter. So the US's gold c. 8300 tonnes is worth about 8300 x $40m = a snip at $332billion dollars or £200bn odd quid. Or, to put it another way, for less than half the cost of the TARP you could have bought the entire US gold stock... If you want a ton, I've got one for you, but I don't have change for a $50m note.... Wow... then that does start to make sense. The US holding is massive compared to the Saudi's... even though the Saudi holding is the 4th largest [i suspect I misheard this]. A ton of gold? Have to find somewhere to park it first. Italy 2,700 tons Edit Link to comment Share on other sites More sharing options...
Wanderer Posted June 21, 2010 Report Share Posted June 21, 2010 You'd be surprised how little space you need for a tonne of gold. After all, it is only about 85 London Good Delivery Bars and they're not very big. Could fit it all in a suitcase in your attic. Now, where's your $50m? Link to comment Share on other sites More sharing options...
romans holiday Posted June 21, 2010 Report Share Posted June 21, 2010 You'd be surprised how little space you need for a tonne of gold. After all, it is only about 85 London Good Delivery Bars and they're not very big. Could fit it all in a suitcase in your attic. Now, where's your $50m? Sadly, I don't have an attic.... living a transitory existence for now. But you're right... I was amazed at how small a kilo bar is.... size of a chocolate bar. Link to comment Share on other sites More sharing options...
romans holiday Posted June 21, 2010 Report Share Posted June 21, 2010 Nice little slide show here on gold reserves: http://www.cnbc.com/id/33242464?slide=1 With the price of gold reaching an all-time high of $1246 per ounce, in these uncertain times the market has been moving dramatically towards this traditional safe haven. The biggest individual holders of gold - Central banks, International entities and governments - are believed to account for approximately 20.5 percent of the world's gold, holding about 29,787 tons. Only 20% of the world's gold in CBs. Link to comment Share on other sites More sharing options...
ologhai Posted June 21, 2010 Report Share Posted June 21, 2010 You'd be surprised how little space you need for a tonne of gold. After all, it is only about 85 London Good Delivery Bars and they're not very big. Could fit it all in a suitcase in your attic. Now, where's your $50m? I struggle to lift my largest suitcase when it's just full of clothes and stuff! And, unless you have especially strong joists up in your attic, it wouldn't be long before the suitcase would end up in your cellar without you having to lift a finger! Link to comment Share on other sites More sharing options...
enrieb Posted June 21, 2010 Report Share Posted June 21, 2010 You'd be surprised how little space you need for a tonne of gold. After all, it is only about 85 London Good Delivery Bars and they're not very big. Could fit it all in a suitcase in your attic. Now, where's your $50m? A cubic foot of gold weighs approximately half a ton. I will buy your ton if you will accept Zimbabwe dollars, in 1980 they had parity with the dollar, I think a rally is over due. http://cgi.ebay.co.uk/Zimbabwe-100-TRILLIO...d#ht_3292wt_885 How much is your postage? Link to comment Share on other sites More sharing options...
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