balois

Gold Transforming into a Completely Demonetized Wealth Asset

Very well said, Mr. Price.

Gold has the voluntary recognition and consensus of trust of the people - all over the world.
Depending war and peace, bad or good economic times, the perception of us humans about the State of our Planet, other stores of wealth and means of barter and trading might take leadership over gold, hence the "value" can gyrate substantially, but it certainly warrants to take history into account and diversify ones portfolio accordingly.

have a good day

Potential COMEX Gold Fail

CC_Gold I am with you:

“...Owning Gold and Silver is not about investing or wealth preservation. It's about survival! I have 4 children that will need to eat...”

...but only to a certain extent, in a more or less functioning world.

I assume that you are assuming when you need your Gold there is still somebody out there fair enough to give you a fair shake. I beg to differ. A catastrophe is about survival of the fittest. Count on lots of hungry people with hungry children, too. And a few guns. And nothing to lose. Beside your smarts, an emergency stockpile and good defense is probably your best bet. And when things improve, have something ready to barter. Mobile goods that people can immediately recognise and evaluate.

Frankly, what shall I do with your Gold coins you want to give me for my sack of potatoes? Are the coins genuine? How many? What s the price? Even if I have mercy, maybe I ll take all the coins you have for a few pounds of my tubers. It is risky and I do not know how and when I can get rid of the coins. And you may scream to heaven if I hand over an entire sack of potatoes to the next fellow who offers me a few bottles of red wine instead. At least in my neck of the woods, people would give a king s ransom if they are short of the stuff...

Have a good day

What You Need to Know About Commodity Markets, Gold and Oil

From MADE IN SOMALIA i.e. M KAPITAL SYNDICATE GmbH & Co. KG tinyurl.com/cof2ez

Quote
...trades on behalf of criminal cartels from Russia, Colombia, Israel and Italy. M Kapital Syndicate also is associated with Freemasonry in Poland and Germany and trades for two Masonic Lodges in Warsaw and Frankfurt/Main. Company also provides investment research advise to it's chosen hedge funds, mostly in areas of market cornering and manipulation. Even if M Kapital is associated with the very questionable personalities and organizations, all it's business activities are legal or at the edge of it....
Unquote

Neat proof !

L O L

1100 Tonnes Now in the GLD Trust

Along what is said above, to my knowledge, the Zurich Cantonal Bank Gold ETF is one of the very few funds where one has access to the physical underlying.

Excerpt from the term sheet

"...The right to payment in kind is limited to the standard unit of bars of around 12.5 kilograms with the customary purity of 995/1000 or better..."

www.swissfunddata.ch/f...

The alternative is actual physical gold through a gold bar account available at some of the major international banks with their own vaults, assay.
The order has to be worded along: Gold bar of 1 kg 999.9 fin xxx piece (s) weight 0,99999 kg or 32,148 ounces, separately stored, physically deliverable at all times in xxxx to xxxx, free of any lien, no lending, not part of the custodian banks assets in case of bankruptcy, lack of liquidity, credit or any other similar event. If not worded that way, the bank will open a precious metal account which is only worth the paper it is written on if the bank fails.

have a good day

Thursday Outlook: Commodities, Emerging Markets

Thanks for straight and clear words.

David Fry writes

“…and, presto, money is created from rubbish! Do you then wonder why gold prices would fall and the dollar rally? I do and it gives me a headache...”

Stop wondering! In order to “keep the Dollar strong” (until further notice, just a hilarious oxymoron), it is possible that the Central Banks not only sell but short the heck out of gold.
By wasting their gold, they sacrifice also their own “strong” currencies, on the altar of the not-so-mighty dollar. Because they have still too many of them on their balance sheets. And they are mightily embarrassed. And the timing is just fine to do that in the general financial mess we are in. And some more inflation – who cares. If it gets out of hand, we ll just fix the “core” calculation formula and on we go, cheating ourselves.

Socialists playing capitalists on the back of us, the poor schleps, sometimes still with the illusion that we are living in a “free market”.

Have a good day

When Central Bankers Clash, Stock Markets Can Crash

I don’t know if this is a place to have this discussions but some statements here ask for a response:

Further up Gabe Borenstein writes

“…the ECB had managed to weaken the dollar by about 50% vs the Euro…”

Well, why not blame it for wild fires and floods?

As far as I remember the 30 years before the ECB even existed, already the Dollar went steadily down the drain (compared to Swiss Francs, Deutschmark then Euro, Yen. It used to be worth more than 4 times as much – 40 years ago). This trend has only once been markedly interrupted: During Paul Volcker s tenure as Fed chairman, successfully combating double digit COL by limiting money supply, never mind interest rates.

Btw, if COL would be calculated as in the ole Volcker days we would already be close to double digits in the USA. Another monster con job on the American people, the “core” inflation calculation formula.

It is not rocket science what happened in the recent decades:

There was no more added value produced by the US of A Inc. Government and Consumer spending, apparent growth and wealth, was artificially created by spiraling indebtedness to the rest of the World and printing money = debasing the US $ = no more trust in the US (economy, Wall Street, political establishment) = run for alternative, non-fiat “currencies” such as oil, gold, commodities, real property when back to levels people can afford to buy for money they have really earned – not with debt and mortgaged, “equity” loaned, until the beams crack.

The opening of the Fed spigot for all and sundry garbage debts, defaults are just hideous attempts to delay the day of reckoning. I am afraid the chickens are in the process of coming home to roost. Whether by depression or hyper inflation is akin to choosing between death by hanging or drowning.

Have a good day.

PS: One more thing on oil price and “speculation”: If for political reasons and self-preservation you are “forced” to sell your wealth, your oil you produce, against worthless dollars – what do you do? Hedge the damn stuff, of course! You don’t need much to get the market the way you want – no – you need it to go, to keep some resemblance of wealth on the the books. Wonder who Nymex, CBOT, IPE/ICE s clients of their clients traders really are…?

When Central Bankers Clash, Stock Markets Can Crash

Excellent, complete article. The only prominent Americans I know of who could restore trust and do something meaningful about this disaster are Paul Volcker and Ron Paul. Since their views are off limits for the snake oil sales people in Washington and on Wall Street, I will continue to shield my assets from the impact of a debased US dollar in order to keep real value. If this is “speculation”, so be it. I call it: taking due care, good housekeeping, behave like a bon pere de famille, as the French say.