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E.D. Hart

E.D. Hart
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  • The $1 Trillion Tax On Cash [View article]
    Gold is a gold liquid asset to hold in this environment...maybe ten percent of your wealth for liquidity purposes...
    Jul 28 06:26 PM | Likes Like |Link to Comment
  • Gold plunges 2.2% in biggest daily drop of 2014, miners sink [View news story]
    No long term demand except those that are losing faith in hegemony of US debt based petro-dollar and 2.5 billion Asians. Agree that Westerners hate it.
    Jul 14 06:48 PM | 2 Likes Like |Link to Comment
  • Could China And Russia Be Trying To Kill The Petrodollar Standard? [View article]
    The decline of the petro-dollar will likely take a decade, but the result, I fear is a much greater stagflation and societal dislocation than the 70's.
    Jun 30 06:27 PM | 3 Likes Like |Link to Comment
  • Gold Relative To Monetary Base At All-Time Low [View article]
    Excellent summary of the annual report. Your graph setting the comparison of the gold monetary value relative to the global monetary base is the correct comparison.
    Jun 30 06:07 PM | 1 Like Like |Link to Comment
  • Gold Manipulation: What Investors Should Do Now [View article]
    James,
    I respect your research and writing. I might be wrong, you might be wrong, I don't think anyone has proven anything, although I admit you do make some good arguments.

    Unfortunately, these articles sometimes devolve into name calling and emotional antics (I'm not accusing you of that).

    Ive been an investor in the gold market since 1976 and have followed it closely since. The most intelligent thing that a person can say in my position, (i.e.--with no inside or special knowledge) is : I don't know...

    Investing is by and large matter of probabilities, you do you homework, and you look for asymmetrical risk reward...and youse takes yor chances.

    My take: based on what Ive read, it seems probable that entities are heavily involved in the gold markets in a way that is illegal.

    I don't need to prove it, nor am I compelled to. ( just as when I suspected World com was involved in fraud--I immediately sold all my shares) ....IT SEEMS LIKELY TO ME.

    You make a lot of great points.

    I appreciate your links...I will read them closely. Thanks for the research.
    Jun 7 05:30 PM | Likes Like |Link to Comment
  • Gold Manipulation: What Investors Should Do Now [View article]
    "The claim that US gold reserves are unknowable involves an indirect suspicion of criminal fraud."

    That is it in a nutshell. Thanks for the succinct comment. Many thinking US citizens suspect our government of criminal fraud.

    I wouldn't be the first person to suspect that the government lies to us.

    Rather than looking down your nose at nut-job conspiracy theorists...why not provide more counter evidence yourself? ( I change my mind all the time when confronted with evidence).

    You've provided remarkably little evidence yourself. Your arguments are logical in nature, and lite on the empirical side.

    No one here has "proven" a conspiracy, just as you have not "dis-proven" a conspiracy.

    I happen to believe that the US government is not trustworthy, and they frequently lie to the US public.

    Do you place your full faith and trust in the US government, in light of the tons of misinformation/lying/s... produced at all levels of government?

    (notice I'm not casting aspersions on particular parties--its endemic)
    Jun 6 11:15 PM | 2 Likes Like |Link to Comment
  • Gold Manipulation: What Investors Should Do Now [View article]
    Please provide a reputable link to your claim. I will happily change my mind (regarding auditing) if you can provide it.
    Jun 6 11:07 PM | 1 Like Like |Link to Comment
  • Gold Manipulation: What Investors Should Do Now [View article]
    I don't buy it...gold leasing can continue (and has for decades)...thats long term.

    The Feds and Treasury consider gold a currency. Therefore, its their bailiwick.

    "It was a mistake to let Gold rise for so long"--Paul Volcker.
    Jun 6 11:05 PM | 3 Likes Like |Link to Comment
  • Gold Manipulation: What Investors Should Do Now [View article]
    The central banks are secondary or tertiary players....other than allowing the gold leasing of massive amounts of their respective gold...the central banks need not be actively enganged in order for massive suppression to occur on their behalf.

    No facts? No evidence?

    http://bit.ly/1p5egWC

    http://bit.ly/1p5ehK0

    http://bit.ly/1p5ehK5

    http://bit.ly/1p5egWG
    Jun 6 11:03 PM | 2 Likes Like |Link to Comment
  • Gold Manipulation: What Investors Should Do Now [View article]
    Except that Greenspan is quoted to have said, more than once, the Fed was willing to step in to reduce the rise in gold prices, should they occur. Clearly the Fed is aware that the rise in gold prices sends a signal, and is not irrelevant as you claim.
    Jun 6 10:42 PM | 5 Likes Like |Link to Comment
  • Gold Manipulation: What Investors Should Do Now [View article]
    The gold reserves of the People are currently unknowable as gold reserves have not been audited for decades. If the gold price is irrelevant to the treasury, and the exchange rate with the US dollar, why are we not allowed to know the status of US gold holdings? Is it possible that most of our purported in excess of 8 thousand tons be already leased out, and impossible to buy back without driving gold much higher?
    Jun 6 03:19 PM | 5 Likes Like |Link to Comment
  • Gold Manipulation: What Investors Should Do Now [View article]
    His point is that the highly implausible manipulation of LIBOR, which requires collusion of hundreds, if not thousands of people--actually occurred. Therefore shooting a hole in one of your main arguments.
    Jun 6 03:11 PM | 10 Likes Like |Link to Comment
  • Gold Manipulation: What Investors Should Do Now [View article]
    Long term manipulation is NOT restricted to book squaring.
    Jun 6 03:07 PM | 2 Likes Like |Link to Comment
  • Gold Manipulation: What Investors Should Do Now [View article]
    This comment Mr. Moon, is the best part of the article. You nailed it. Gold is a currency that trades vis a vi other currencies, not just a commodity that is manipulated by forwards.

    There are now several ways to distort, fix, manipulate, and otherwise obfuscate the market mechanism--just as there is in dollar/yen, or dollar/euro ratios.
    Jun 6 02:58 PM | 10 Likes Like |Link to Comment
  • Maybe I'm Wrong - Justifying $2,000+ Gold [View article]
    It is the stated intention of the Chinese to replace much of their dollar and treasury reserves with gold, and other currencies, and it is the stated intention of the Chinese to increasingly rely on Yuan for purchase of commodities (Gas, oil, etc).

    So the decline of the petrodollar is almost guaranteed. The global dollar hegemony decline may take 20 years or 30 but it is nearly inevitable. With that, the dollar is increasingly displaced by Yuan, and currencies with a glimmer of gold in the bank.

    Heck, we don't even know if the US has gold in Fort Knox that is owned by the US Treasury. Owning gold as part of a diversified portfolio makes sense if you have lack faith in the US dollar. Disclaimer: I own US dollars, and physical gold.
    Jun 2 06:11 PM | 6 Likes Like |Link to Comment
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