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Trace Mayer » Comments » HUI

  • Vietnam: Gold Already Trading at $1,300 Per Ounce [View article]
    Nice Roger! You honed in on the issue: What is an ounce? A tael is 37.429 grams. There are 28.35 grams per ounce and 31.1 grams per troy ounce.

    Would sure be nice if we could likewise resolve the issue: What is a dollar?

    www.runtogold.com/2009.../

    What in the world are we talking about Berkshire in this thread for?

    On Nov 13 08:56 AM Roger Knights wrote:

    > PS: What I mean is this: were ordinary ounces used in the conversion
    > from taels?
    Nov 13 13:13 pm |Rating: +6 0 |Link to Comment
  • Gold Bug Feeding Frenzy [View article]
    kohalakid, please provide a credible and verifiable citation for your assertion that 'The GLD prospectus specifically says the fund does not lease gold and does not use futures or forward contracts. The only way to create GLD shares is to deliver physical gold to the trustee's custodian depository.'

    I have thoroughly analyzed the GLD documents for the prospectusly impaired:

    www.runtogold.com/2008.../
    www.runtogold.com/2009.../

    Additionally, in a report from Deloitte, a big four accounting firm who also performed the audit of GLD's 2008 10K, there is a statement in direct opposition to your assertion. On page 4 it states, "If the proposed ETF tracks a commodity, it buys ***or borrows*** certificates of ownership of that commodity." [emphasis added]

    (page 4) runtogold.com/images/D...
    (audit statement on page 70-71) www.spdrgoldshares.com...

    Consequently kohalakid your statement appears to be unsubstantiated, unverifiable and in opposition to recognized authoritative statements contained in the official documentation and in reports by recognized authorities.

    Doc224899, the illusion of security and stability is there isn't it! You heard about the Royal Canadian Mint scandal right? Darn Canooks!

    www.runtogold.com/2009.../
    Nov 02 20:15 pm |Rating: +3 0 |Link to Comment
  • On the Rise of Gold [View article]
    Hi Slvrizgold,

    Thanks.

    I noticed a similar comment elsewhere on the Interwebs about being cutoff about the carry-trade issue.

    In defense of BNN we were well beyond the time allocated for the interview and had strayed outside the points I had given them in the summary. The interview was live, impromptu and guided by notes I provided to them. I did not feel 'boxed in' nor did I feel treated like a hostile witness and I know how to cross examine hostile witnesses :) Takes one to know one! Overall and from my perspective I think they were very generous.


    On Oct 19 01:39 AM Slvrizgold wrote:

    >Did
    > you notice how the BNN guy cut him off when he started talking about
    > how the US dollar is becoming the new carry currency? People always
    > make general broad brush arguments that "its not in anyone's interest
    > for the dollar to fall". BS!!! People with lots of capital will
    > make large bets and will benefit massively via the dollar carry trade.
    Oct 20 00:28 am |Rating: 0 0 |Link to Comment
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