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52-to-1 Just Right for Gold/Silver Ratio? [view article]
There is a reason since 1986 the US has issued one ounce gold coins at $50 and one ounce silver coins at $1. These silver and gold eagles are establishing the ratio of 50 to 1 so when the government realizes they need to go back to a gold standard, the ratio has already exists. ReplyEditor
52-to-1 Just Right for Gold/Silver Ratio? [view article]
There may, indeed, be no predictive value of the gold/silver ratio, but that doesn't mean it doesn't get watched. The ratio is closely followed by the value investors of the metal world (see "What's Better: Gold or Silver?" at hardassetsinvestor.com...). Reply52-to-1 Just Right for Gold/Silver Ratio? [view article]
I believe that a gold/silver ratio is a false issue. It really tells us nothing, simply because we can't see the future in terms of new uses FOR and new discoveries OF the metals.All the ratio gives us is the chance to resort to the concept of, "blah, blah, blah..."
Reply
Bears Roaming through the Mines [view article]
...and when the bears stormed into the mines, to their surprise, they found nobody there? "He? Where is everyone?" noted little bear."Where is the gold?" noted mama bear. "The mines are emtpy!" said papa bear.
Where to go now?
To the bullion banks then!
And so they went.
They stormed into the vaults of the bullion banks hoping to snatch some lousy people and have their gold too.
But to their surprise, they found nobody at the bullion banks' vault. "He? Where is everyone?" noted little bear.
"Where is the gold?" noted mama bear. "The vaults are emtpy!" said papa bear, increasingly pissed-off.
Where to go now?
To the ETF depository!
But to their surprise, they found nobody at the ETF depository. "He? Where is everyone?" noted little bear.
"Where is the gold?" noted mama bear. "I only see paper promises" said papa bear, even more pissed-off. They say: "this certificate is worth 10,000 ounces of gold." But there IS NOT GOLD!! Said papa bear REALLY ANGRY.
Where to go now?
Nowhere.
And the bears went back to their caves afraid there was no more gold to be had... Reply
Bears Roaming through the Mines [view article]
If they're heavily short, why do they keep declining? (There are other examples.) ReplyBears Roaming through the Mines [view article]
Bears only go into caves to hibernate...simplistic view. ReplyEditors
General Discussion on GDM
Is this a buy or a sell? ReplyBuy Signals are Popping Up in Gold and Silver [view article]
When a vault with a fork lift is shown to ETF investors, with a reputable group of people to verify that the ETF gold is "real" and is in a safe place, I would be more likely to invest in an ETF. With previous statements announcing that third parties are involved in the delivery of ETF gold, then we are again back to the situation that "Sub-Prime" and "Derivatives"... have put us in. My lost faith in the US dollar has transcended over to ETF's, it's now a matter of prove it to me and show me the Gold. Anyone can say they have 19M ounces of gold. I seriously doubt that should all the ETF investors ask for their shares of the ETF gold, that the ETF fund could even begin to cover it. ReplyBuy Signals are Popping Up in Gold and Silver [view article]
By your own reasoning gold should be at $5,600 today (If it worked in ratio to currency devaluation and other commodoties prices), but it doesn't as is obviously the case! Therefore the price of gold depends mostly on psychology especially if it is going to get so expensive that it won't be used for jewelry. Nothing is to stop the Fed and or the Chinese from shorting gold at key moments. (Maybe the Chinese could buy gold or maybe they don't want to see it as a currency to challenge their Yuan.) I believe that central banks undermine gold by making it move the same as the markets causing it to lose its safe haven status. The Fed can manipulate psychology and since there is nothing more than that to sustain the price there can be no assumption that prices will increase. (I am long gold) ReplyBuy Signals are Popping Up in Gold and Silver [view article]
Gold/Silver would break all records if the SEC would do there job, the names of the ones hold prices down would be the trigger that starts the race. The CFTC is now at a point where there will be call to cover in the near future. Hang on for a heck of a ride. Reply