Trace Mayer's Comments RSS Syndication from SeekingAlpha.com http://seekingalpha.com/user/317858/comments http://seekingalpha.com/article/1327731/comments?source=feed#comment-17409381 17409381
http://bit.ly/Y79AxY

In summary, (1) increased investor confidence in the Bitcoin protocol, (2) reduced legal uncertainty from FinCEN guidelines, (3) Cyprus bank deposit seizures, (4) current adoption by large tech companies like WordPress, Reddit, Expensify and Namecheap and (5) the rising price where he stated ‘My prediction – Bitcoin hits $225 by August.’

And for those who think there is a massive Bitcoin bubble. The last bubble went from $0.05 to about $32 and unlike so many who are calling this a bubble I know what it felt like back then because I was there. For a comparable move the bitcoin price would need to move from about $5 to around $3,200, a 20x rise from current prices, and we are only about 5% up this ‘wall of worry’. And like usual, Scoreboard, because we are playing this game for financial keeps.]]> Tue, 09 Apr 2013 13:41:02 -0400
http://bit.ly/Y79AxY

In summary, (1) increased investor confidence in the Bitcoin protocol, (2) reduced legal uncertainty from FinCEN guidelines, (3) Cyprus bank deposit seizures, (4) current adoption by large tech companies like WordPress, Reddit, Expensify and Namecheap and (5) the rising price where he stated ‘My prediction – Bitcoin hits $225 by August.’

And for those who think there is a massive Bitcoin bubble. The last bubble went from $0.05 to about $32 and unlike so many who are calling this a bubble I know what it felt like back then because I was there. For a comparable move the bitcoin price would need to move from about $5 to around $3,200, a 20x rise from current prices, and we are only about 5% up this ‘wall of worry’. And like usual, Scoreboard, because we are playing this game for financial keeps.]]> http://seekingalpha.com/article/1325271/comments?source=feed#comment-17332891 17332891 Sun, 07 Apr 2013 20:33:00 -0400 http://seekingalpha.com/article/1325271/comments?source=feed#comment-17332851 17332851
The Bitcoin economy has greatly evolved since the last bubble. VCs are starting to chime in on the potential like Jeremy Liew who wrote ' ‘In all the scenarios that I’ve painted above, Bitcoin prices need to go up by 100x or more.’

Then you have the fundamental analysis by Adam Draper, an established VC, who will ‘incubate 5-7 Bitcoin related companies in our next batch‘. Why? The reasons stated earlier are: (1) increased investor confidence in the Bitcoin protocol, (2) reduced legal uncertainty from FinCEN guidelines, (3) Cyprus bank deposit seizures, (4) current adoption by large tech companies like WordPress, Reddit, Expensify and Namecheap and (5) the rising price where he stated ‘My prediction – Bitcoin hits $225 by August.’

And for those who think there is a massive Bitcoin bubble. The last bubble went from $0.05 to about $32 and unlike so many who are calling this a bubble I know what it felt like back then because I was there. For a comparable move the bitcoin price would need to move from about $5 to around $3,200, a 20x rise from current prices, and we are only about 5% up this ‘wall of worry’.

So while you lay out some points for the bear case I think it is good for investors to read the bull case:

http://bit.ly/Y79AxY]]> Sun, 07 Apr 2013 20:29:41 -0400
The Bitcoin economy has greatly evolved since the last bubble. VCs are starting to chime in on the potential like Jeremy Liew who wrote ' ‘In all the scenarios that I’ve painted above, Bitcoin prices need to go up by 100x or more.’

Then you have the fundamental analysis by Adam Draper, an established VC, who will ‘incubate 5-7 Bitcoin related companies in our next batch‘. Why? The reasons stated earlier are: (1) increased investor confidence in the Bitcoin protocol, (2) reduced legal uncertainty from FinCEN guidelines, (3) Cyprus bank deposit seizures, (4) current adoption by large tech companies like WordPress, Reddit, Expensify and Namecheap and (5) the rising price where he stated ‘My prediction – Bitcoin hits $225 by August.’

And for those who think there is a massive Bitcoin bubble. The last bubble went from $0.05 to about $32 and unlike so many who are calling this a bubble I know what it felt like back then because I was there. For a comparable move the bitcoin price would need to move from about $5 to around $3,200, a 20x rise from current prices, and we are only about 5% up this ‘wall of worry’.

So while you lay out some points for the bear case I think it is good for investors to read the bull case:

http://bit.ly/Y79AxY]]> http://seekingalpha.com/article/1310991/comments?source=feed#comment-17091521 17091521
For anyone who wants a serious analysis then check out: http://bit.ly/179PwSl]]> Mon, 01 Apr 2013 19:01:57 -0400
For anyone who wants a serious analysis then check out: http://bit.ly/179PwSl]]> http://seekingalpha.com/article/1144971/comments?source=feed#comment-14419721 14419721 http://bit.ly/WVnJOC) which has tens of thousands of items and you get stuff for on average 2-8% less than New Egg. Or do you just like paying higher prices?]]> Thu, 31 Jan 2013 15:41:34 -0500 http://bit.ly/WVnJOC) which has tens of thousands of items and you get stuff for on average 2-8% less than New Egg. Or do you just like paying higher prices?]]> http://seekingalpha.com/article/1144971/comments?source=feed#comment-14384171 14384171
This is quite the understatement considering gold has outperformed all major fiat currencies and gold has completely collapsed against Bitcoin for all four years of Bitcoin's existence. Just look at the chart showing the performance of all major currencies against gold:

http://bit.ly/VuuohQ

Of course, what do you expect with something that allows anyone to send any amount of funds to anyone anywhere at anytime in a way that cannot be stopped or impeded and the funds cannot be frozen, seized or confiscated and all for a tiny or no fee.]]> Wed, 30 Jan 2013 20:44:07 -0500
This is quite the understatement considering gold has outperformed all major fiat currencies and gold has completely collapsed against Bitcoin for all four years of Bitcoin's existence. Just look at the chart showing the performance of all major currencies against gold:

http://bit.ly/VuuohQ

Of course, what do you expect with something that allows anyone to send any amount of funds to anyone anywhere at anytime in a way that cannot be stopped or impeded and the funds cannot be frozen, seized or confiscated and all for a tiny or no fee.]]> http://seekingalpha.com/instablog/530678-minorman/1409731-best-currency-in-2012?source=feed#comment-13229831 13229831 Wed, 02 Jan 2013 15:10:56 -0500 http://seekingalpha.com/article/310178/comments?source=feed#comment-2062883 2062883
Easier said than done.

In fact, if you can identify the peaks, you wouldn't bother with gold, you would simply short the S&P and make a *lot* more that way."

Great points Jeff but I think it is actually easier done than said. It is very easy to see the long-term secular bull and bear markets. From that you can determine whether gold or equities are expensive or cheap.

Then you know the secular trend which is like knowing whether you have a tailwind or headwind or are entering winter as opposed to summer. Sure, day to day variations exist, like with silver currently, which can be unexpected and extremely outside normal standard deviations but probabilities can be greatly placed in your favor when allocating capital to make it productive.

To see this applied I provide updated ratios in context with 40 year graphs here:

http://bit.ly/ul1h1Z

As far as not bothering with gold .... I think that is rather unwise. Gold is the *numeraire par excellence* and essential for developing a sound capital investment theory as I discuss in Learn How To Use A Numeraire:

http://bit.ly/sGqFOR]]> Fri, 25 Nov 2011 17:10:48 -0500
Easier said than done.

In fact, if you can identify the peaks, you wouldn't bother with gold, you would simply short the S&P and make a *lot* more that way."

Great points Jeff but I think it is actually easier done than said. It is very easy to see the long-term secular bull and bear markets. From that you can determine whether gold or equities are expensive or cheap.

Then you know the secular trend which is like knowing whether you have a tailwind or headwind or are entering winter as opposed to summer. Sure, day to day variations exist, like with silver currently, which can be unexpected and extremely outside normal standard deviations but probabilities can be greatly placed in your favor when allocating capital to make it productive.

To see this applied I provide updated ratios in context with 40 year graphs here:

http://bit.ly/ul1h1Z

As far as not bothering with gold .... I think that is rather unwise. Gold is the *numeraire par excellence* and essential for developing a sound capital investment theory as I discuss in Learn How To Use A Numeraire:

http://bit.ly/sGqFOR]]> http://seekingalpha.com/article/309980/comments?source=feed#comment-2062128 2062128
You are funny. How has that strategy been working out for you?

Is inflation a rise in prices or an increase in the currency supply? What usage of the term are you applying in this article?

Additionally, how come there is neither mention nor analysis of the above ground gold stockpiles, alleged central bank holdings and currency supplies?]]> Fri, 25 Nov 2011 10:34:19 -0500
You are funny. How has that strategy been working out for you?

Is inflation a rise in prices or an increase in the currency supply? What usage of the term are you applying in this article?

Additionally, how come there is neither mention nor analysis of the above ground gold stockpiles, alleged central bank holdings and currency supplies?]]> http://seekingalpha.com/article/310118/comments?source=feed#comment-2062111 2062111
The negative correlation between gold and equities is helpful to keep in mind. Gold will likely perform well so long as negative real interest rates persist. Given the status of Europe and likely outcomes that is probably the play; short Euros long gold.

Calls/puts may be helpful for smoothing currency exchange rate risk for a portfolio using gold as the numeraire. IMO, for making cash-flow style profits with covered calls there are easier ways like using a Canadian oil underlying like PWE, PVX or PGH.

But I do find it rather humorous that you are long GLD and conflate gold and GLD. GLD is not gold but merely a gold price proxy, for now. Of course, this distinction does not really matter much until it is the only thing that matters. Just ask the people in MF Global's bankruptcy line who thought their paper gold instrument was gold .... suckers. Plus, it happened to many who should have known better.

http://bit.ly/srFqzA

Here are some excerpts from a couple articles I wrote about the GLD ETF that may be relevant to the discussion:

Page 11 states “Neither the Trustee nor the Custodian independently confirms the fineness of the gold allocated to the Trust in connection wtih the creation of a Basket [issuances].” Page 12 “In issuing Baskets, the Trustee relies on certain information received from the Custodian which is subject to confirmation after the Trustee has relied on the information. If such information turns out to be incorrect, Baskets may be issued in exchange for an amount of gold which is more or less than the amount of gold which is required to be deposited with the Trust.” There is no assurance that the ‘gold’ held in the ETFs is actually the same gold as defined under the periodic table.

http://bit.ly/qJkOHu

The latest 10-K ( Commission File Number 000-32356) on pages 26 and 18 respectively: ” Gold held by the Custodian’s currently selected subcustodians and by subcustodians of subcustodians may be held in vaults located in England or in other locations.” and “In addition, the Trustee has no right to visit the premises of any subcustodian for the purposes of examining the Trust’s gold or any records maintained by the subcustodian, and no subcustodian is obligated to cooperate in any review the Trustee may wish to conduct of the facilities, procedures, records or creditworthiness of such subcustodian.”

http://bit.ly/vauvAt]]> Fri, 25 Nov 2011 10:26:52 -0500
The negative correlation between gold and equities is helpful to keep in mind. Gold will likely perform well so long as negative real interest rates persist. Given the status of Europe and likely outcomes that is probably the play; short Euros long gold.

Calls/puts may be helpful for smoothing currency exchange rate risk for a portfolio using gold as the numeraire. IMO, for making cash-flow style profits with covered calls there are easier ways like using a Canadian oil underlying like PWE, PVX or PGH.

But I do find it rather humorous that you are long GLD and conflate gold and GLD. GLD is not gold but merely a gold price proxy, for now. Of course, this distinction does not really matter much until it is the only thing that matters. Just ask the people in MF Global's bankruptcy line who thought their paper gold instrument was gold .... suckers. Plus, it happened to many who should have known better.

http://bit.ly/srFqzA

Here are some excerpts from a couple articles I wrote about the GLD ETF that may be relevant to the discussion:

Page 11 states “Neither the Trustee nor the Custodian independently confirms the fineness of the gold allocated to the Trust in connection wtih the creation of a Basket [issuances].” Page 12 “In issuing Baskets, the Trustee relies on certain information received from the Custodian which is subject to confirmation after the Trustee has relied on the information. If such information turns out to be incorrect, Baskets may be issued in exchange for an amount of gold which is more or less than the amount of gold which is required to be deposited with the Trust.” There is no assurance that the ‘gold’ held in the ETFs is actually the same gold as defined under the periodic table.

http://bit.ly/qJkOHu

The latest 10-K ( Commission File Number 000-32356) on pages 26 and 18 respectively: ” Gold held by the Custodian’s currently selected subcustodians and by subcustodians of subcustodians may be held in vaults located in England or in other locations.” and “In addition, the Trustee has no right to visit the premises of any subcustodian for the purposes of examining the Trust’s gold or any records maintained by the subcustodian, and no subcustodian is obligated to cooperate in any review the Trustee may wish to conduct of the facilities, procedures, records or creditworthiness of such subcustodian.”

http://bit.ly/vauvAt]]> http://seekingalpha.com/article/310178/comments?source=feed#comment-2062094 2062094
But I do find it rather humorous that you are long GLD and conflate gold and GLD. GLD is not gold but merely a gold price proxy, for now. Of course, this distinction does not really matter much until it is the only thing that matters. Just ask the people in MF Global's bankruptcy line who thought their paper gold instrument was gold .... suckers. Plus, it happened to many who should have known better.

http://bit.ly/srFqzA

Here are some excerpts from a couple articles I wrote about the GLD ETF that may be relevant to the discussion:

Page 11 states “Neither the Trustee nor the Custodian independently confirms the fineness of the gold allocated to the Trust in connection wtih the creation of a Basket [issuances].” Page 12 “In issuing Baskets, the Trustee relies on certain information received from the Custodian which is subject to confirmation after the Trustee has relied on the information. If such information turns out to be incorrect, Baskets may be issued in exchange for an amount of gold which is more or less than the amount of gold which is required to be deposited with the Trust.” There is no assurance that the ‘gold’ held in the ETFs is actually the same gold as defined under the periodic table.

http://bit.ly/qJkOHu

The latest 10-K ( Commission File Number 000-32356) on pages 26 and 18 respectively: ” Gold held by the Custodian’s currently selected subcustodians and by subcustodians of subcustodians may be held in vaults located in England or in other locations.” and “In addition, the Trustee has no right to visit the premises of any subcustodian for the purposes of examining the Trust’s gold or any records maintained by the subcustodian, and no subcustodian is obligated to cooperate in any review the Trustee may wish to conduct of the facilities, procedures, records or creditworthiness of such subcustodian.”

http://bit.ly/vauvAt]]> Fri, 25 Nov 2011 10:18:19 -0500
But I do find it rather humorous that you are long GLD and conflate gold and GLD. GLD is not gold but merely a gold price proxy, for now. Of course, this distinction does not really matter much until it is the only thing that matters. Just ask the people in MF Global's bankruptcy line who thought their paper gold instrument was gold .... suckers. Plus, it happened to many who should have known better.

http://bit.ly/srFqzA

Here are some excerpts from a couple articles I wrote about the GLD ETF that may be relevant to the discussion:

Page 11 states “Neither the Trustee nor the Custodian independently confirms the fineness of the gold allocated to the Trust in connection wtih the creation of a Basket [issuances].” Page 12 “In issuing Baskets, the Trustee relies on certain information received from the Custodian which is subject to confirmation after the Trustee has relied on the information. If such information turns out to be incorrect, Baskets may be issued in exchange for an amount of gold which is more or less than the amount of gold which is required to be deposited with the Trust.” There is no assurance that the ‘gold’ held in the ETFs is actually the same gold as defined under the periodic table.

http://bit.ly/qJkOHu

The latest 10-K ( Commission File Number 000-32356) on pages 26 and 18 respectively: ” Gold held by the Custodian’s currently selected subcustodians and by subcustodians of subcustodians may be held in vaults located in England or in other locations.” and “In addition, the Trustee has no right to visit the premises of any subcustodian for the purposes of examining the Trust’s gold or any records maintained by the subcustodian, and no subcustodian is obligated to cooperate in any review the Trustee may wish to conduct of the facilities, procedures, records or creditworthiness of such subcustodian.”

http://bit.ly/vauvAt]]> http://seekingalpha.com/instablog/229565-boaz-berkowitz/73647-inaugural-contributor-event-in-manhattan-see-the-photos?source=feed#comment-1048487 1048487 Wed, 02 Jun 2010 10:57:47 -0400 http://seekingalpha.com/article/177692/comments?source=feed#comment-1041205 1041205
sorgmot, What is a Dollar?

The answer is clearly defined in the United States Constitution under its original intent but is currently intelligible under United States federal law. I addressed the issue along with with all the legal research and analysis in Define The Dollar Or Else:

www.runtogold.com/2009.../]]> Thu, 27 May 2010 14:21:41 -0400
sorgmot, What is a Dollar?

The answer is clearly defined in the United States Constitution under its original intent but is currently intelligible under United States federal law. I addressed the issue along with with all the legal research and analysis in Define The Dollar Or Else:

www.runtogold.com/2009.../]]> http://seekingalpha.com/article/206171/comments?source=feed#comment-1034936 1034936
"Why pay $12 for a ten dollar bill???"

To prove the point I will trade you $5,500 of legal tender as defined under 31 USC 5103 and only specified within the () contained within the federal statute in exchange for $5,000 of legal tender as defined under 31 USC 5103 and 31 USC 5112(e). I will even pay all reasonable and ordinary costs for the exchange such as shipping and escrow costs. After all, why would you not take the $500 risk-free arbitrage profit? In fact, my offer stands on a daily basis; why would you miss out on making a 10% risk-free arbitrage profit daily?

I assume your failure to accept the trade which is based on the matter of principle and will yield you a daily 10% risk-free arbitrage profit concedes the point that while all dollars are equal some dollars are more equal than others. Likewise, as Tim points out, the market thinks that some 'gold' funds are more equal than others.]]> Sun, 23 May 2010 13:16:58 -0400
"Why pay $12 for a ten dollar bill???"

To prove the point I will trade you $5,500 of legal tender as defined under 31 USC 5103 and only specified within the () contained within the federal statute in exchange for $5,000 of legal tender as defined under 31 USC 5103 and 31 USC 5112(e). I will even pay all reasonable and ordinary costs for the exchange such as shipping and escrow costs. After all, why would you not take the $500 risk-free arbitrage profit? In fact, my offer stands on a daily basis; why would you miss out on making a 10% risk-free arbitrage profit daily?

I assume your failure to accept the trade which is based on the matter of principle and will yield you a daily 10% risk-free arbitrage profit concedes the point that while all dollars are equal some dollars are more equal than others. Likewise, as Tim points out, the market thinks that some 'gold' funds are more equal than others.]]> http://seekingalpha.com/article/204351/comments?source=feed#comment-1018046 1018046
Page 11 states “Neither the Trustee nor the Custodian independently confirms the fineness of the gold allocated to the Trust in connection wtih the creation of a Basket [issuances].” Page 12 “In issuing Baskets, the Trustee relies on certain information received from the Custodian which is subject to confirmation after the Trustee has relied on the information. If such information turns out to be incorrect, Baskets may be issued in exchange for an amount of gold which is more or less than the amount of gold which is required to be deposited with the Trust.” There is no assurance that the ‘gold’ held in the ETFs is actually the same gold as defined under the periodic table.

www.runtogold.com/2008.../

The latest 10-K ( Commission File Number 000-32356) on pages 26 and 18 respectively: ” Gold held by the Custodian’s currently selected subcustodians and by subcustodians of subcustodians may be held in vaults located in England or in other locations.” and “In addition, the Trustee has no right to visit the premises of any subcustodian for the purposes of examining the Trust’s gold or any records maintained by the subcustodian, and no subcustodian is obligated to cooperate in any review the Trustee may wish to conduct of the facilities, procedures, records or creditworthiness of such subcustodian.”

www.runtogold.com/2009.../]]> Tue, 11 May 2010 11:41:25 -0400
Page 11 states “Neither the Trustee nor the Custodian independently confirms the fineness of the gold allocated to the Trust in connection wtih the creation of a Basket [issuances].” Page 12 “In issuing Baskets, the Trustee relies on certain information received from the Custodian which is subject to confirmation after the Trustee has relied on the information. If such information turns out to be incorrect, Baskets may be issued in exchange for an amount of gold which is more or less than the amount of gold which is required to be deposited with the Trust.” There is no assurance that the ‘gold’ held in the ETFs is actually the same gold as defined under the periodic table.

www.runtogold.com/2008.../

The latest 10-K ( Commission File Number 000-32356) on pages 26 and 18 respectively: ” Gold held by the Custodian’s currently selected subcustodians and by subcustodians of subcustodians may be held in vaults located in England or in other locations.” and “In addition, the Trustee has no right to visit the premises of any subcustodian for the purposes of examining the Trust’s gold or any records maintained by the subcustodian, and no subcustodian is obligated to cooperate in any review the Trustee may wish to conduct of the facilities, procedures, records or creditworthiness of such subcustodian.”

www.runtogold.com/2009.../]]> http://seekingalpha.com/article/204128/comments?source=feed#comment-1017165 1017165
www.runtogold.com/2010.../

dvargasr, There is plenty of gold; the only issue is price.

"Gold cannot be kept the standard for currency because the economy is gotten so big that there would not be enough gold in the world to represent all the good that are available."

Moon Kil Woong, did you read my article Survivalism In The Suburbs? Sounds like we are on the same page.

www.runtogold.com/2009.../]]> Mon, 10 May 2010 21:52:07 -0400
www.runtogold.com/2010.../

dvargasr, There is plenty of gold; the only issue is price.

"Gold cannot be kept the standard for currency because the economy is gotten so big that there would not be enough gold in the world to represent all the good that are available."

Moon Kil Woong, did you read my article Survivalism In The Suburbs? Sounds like we are on the same page.

www.runtogold.com/2009.../]]> http://seekingalpha.com/article/202163/comments?source=feed#comment-1005824 1005824
If you really want to dig a little deeper then read this article about the recent CFTC hearings, the change to LMBA delivery settlement and the two articles on the ETF:

www.runtogold.com/2010.../

www.runtogold.com/2009.../

www.runtogold.com/2008.../

www.runtogold.com/2009.../]]> Mon, 03 May 2010 13:06:03 -0400
If you really want to dig a little deeper then read this article about the recent CFTC hearings, the change to LMBA delivery settlement and the two articles on the ETF:

www.runtogold.com/2010.../

www.runtogold.com/2009.../

www.runtogold.com/2008.../

www.runtogold.com/2009.../]]> http://seekingalpha.com/article/201001/comments?source=feed#comment-998151 998151
If you actually think humanity has a material effect on the climate then just go out looking at the stars on a clear night and do some deep pondering.]]> Tue, 27 Apr 2010 23:33:04 -0400
If you actually think humanity has a material effect on the climate then just go out looking at the stars on a clear night and do some deep pondering.]]> http://seekingalpha.com/article/198184/comments?source=feed#comment-978249 978249
www.runtogold.com/shav...]]> Wed, 14 Apr 2010 12:48:26 -0400
www.runtogold.com/shav...]]> http://seekingalpha.com/article/198184/comments?source=feed#comment-978240 978240
I would have to do the math again but if I recall this is materially less expensive for some products than the ETFs (0.4%-0.95% expense ratios). Talk about a lower cost and higher quality product.

goldmoney.com/gold-and...

finance.yahoo.com/news...]]> Wed, 14 Apr 2010 12:45:10 -0400
I would have to do the math again but if I recall this is materially less expensive for some products than the ETFs (0.4%-0.95% expense ratios). Talk about a lower cost and higher quality product.

goldmoney.com/gold-and...

finance.yahoo.com/news...]]> http://seekingalpha.com/article/196036/comments?source=feed#comment-957978 957978
publicfleecing, this is a common tactic. I was sitting next to Bill Murphy at a speaker's dinner for Cambridge House and he told me about the thugs that broke his jaw back when he first started GATA. Bill played professional football you know.

But the truth of the matter is that if someone poses a serious threat to the costumed criminal gangs then 'action is taken' and this is now officially endorsed US policy.

Director of National Intelligence Dennis Blair testified before Congress, "Being a U.S. citizen will not spare an American from getting assassinated by military or intelligence operatives ... If we think that direct action will involve killing an American, we get specific permission to do that."

abcnews.go.com/Politic...

www.huffingtonpost.com...

www.youtube.com/watch?...

www.wnd.com/index.php?...

Ron Paul's thoughts on secret prisons, extraordinary rendition and assassinations: www.youtube.com/watch?...

Sure, the criminal gangs strutting around in their costumes assassinating individuals with no right to be heard and present their case, without being given the opportunity to retain counsel or have one appointed, without being confronted with the evidence or witnesses against them, no judicial review, no appellate process and in effect absolutely no due process of law have asserted that assassinations will not be carried out regarding free speech issues. But I can think of one good reason you have not heard anything on the subject.

Of course, I also made a video about 8 months ago on this issue of explaining how gold and silver are not so much about financial concerns but essential checks and balances in the political machinery (starts about 4:30).

www.youtube.com/watch?...]]> Tue, 30 Mar 2010 10:40:06 -0400
publicfleecing, this is a common tactic. I was sitting next to Bill Murphy at a speaker's dinner for Cambridge House and he told me about the thugs that broke his jaw back when he first started GATA. Bill played professional football you know.

But the truth of the matter is that if someone poses a serious threat to the costumed criminal gangs then 'action is taken' and this is now officially endorsed US policy.

Director of National Intelligence Dennis Blair testified before Congress, "Being a U.S. citizen will not spare an American from getting assassinated by military or intelligence operatives ... If we think that direct action will involve killing an American, we get specific permission to do that."

abcnews.go.com/Politic...

www.huffingtonpost.com...

www.youtube.com/watch?...

www.wnd.com/index.php?...

Ron Paul's thoughts on secret prisons, extraordinary rendition and assassinations: www.youtube.com/watch?...

Sure, the criminal gangs strutting around in their costumes assassinating individuals with no right to be heard and present their case, without being given the opportunity to retain counsel or have one appointed, without being confronted with the evidence or witnesses against them, no judicial review, no appellate process and in effect absolutely no due process of law have asserted that assassinations will not be carried out regarding free speech issues. But I can think of one good reason you have not heard anything on the subject.

Of course, I also made a video about 8 months ago on this issue of explaining how gold and silver are not so much about financial concerns but essential checks and balances in the political machinery (starts about 4:30).

www.youtube.com/watch?...]]> http://seekingalpha.com/article/191888/comments?source=feed#comment-924155 924155
Found the correct KK&S URL yet?]]> Thu, 04 Mar 2010 18:53:54 -0500
Found the correct KK&S URL yet?]]> http://seekingalpha.com/article/191888/comments?source=feed#comment-923767 923767
This is likely a reason why page Page 11 of the GLD prospectus states “Neither the Trustee nor the Custodian independently confirms the fineness of the gold allocated to the Trust in connection with the creation of a Basket [issuances].”

You have read my two articles on the GLD ETF where I use their own prospectus to shred any remaining doubt one may have about whether they are required under them to actually hold any gold bullion?

www.runtogold.com/2008.../

www.runtogold.com/2009.../

Also, I think you may have included the wrong KK&S URL (www.kks.com.au/product.../) because the quotation you attribute to it is not available on that page. Could you please provide the correct URL so that we can read the quote regarding a warrant of merchantability in context?

While I did not assert it in my article and because it addresses the potential motive issue you raise; one of my preferred forms of owning gold bullion is legal tender gold coins (American Eagles, Chinese Pandas, etc.) and, of course, Krugerrands.]]> Thu, 04 Mar 2010 13:50:07 -0500
This is likely a reason why page Page 11 of the GLD prospectus states “Neither the Trustee nor the Custodian independently confirms the fineness of the gold allocated to the Trust in connection with the creation of a Basket [issuances].”

You have read my two articles on the GLD ETF where I use their own prospectus to shred any remaining doubt one may have about whether they are required under them to actually hold any gold bullion?

www.runtogold.com/2008.../

www.runtogold.com/2009.../

Also, I think you may have included the wrong KK&S URL (www.kks.com.au/product.../) because the quotation you attribute to it is not available on that page. Could you please provide the correct URL so that we can read the quote regarding a warrant of merchantability in context?

While I did not assert it in my article and because it addresses the potential motive issue you raise; one of my preferred forms of owning gold bullion is legal tender gold coins (American Eagles, Chinese Pandas, etc.) and, of course, Krugerrands.]]> http://seekingalpha.com/article/191247/comments?source=feed#comment-920872 920872
"If we have the larger 20% annualized loss on the dollar, our currency and our collective -value asses are grass!"

The FRN$ has already been declining at greater than 20% annualized on average against gold for nearly a decade. The wealth destruction is epic. Use gold as the numeraire to get a clear picture.

www.runtogold.com/nume...]]> Tue, 02 Mar 2010 20:12:35 -0500
"If we have the larger 20% annualized loss on the dollar, our currency and our collective -value asses are grass!"

The FRN$ has already been declining at greater than 20% annualized on average against gold for nearly a decade. The wealth destruction is epic. Use gold as the numeraire to get a clear picture.

www.runtogold.com/nume...]]> http://seekingalpha.com/article/190581/comments?source=feed#comment-915212 915212
"Now, what can be discerned by these virtual footprints from one of Goldman Sachs’ 36,000+ employees? Conclusively, probably not much"]]> Fri, 26 Feb 2010 13:06:45 -0500
"Now, what can be discerned by these virtual footprints from one of Goldman Sachs’ 36,000+ employees? Conclusively, probably not much"]]> http://seekingalpha.com/article/190581/comments?source=feed#comment-913264 913264
On the other hand, I got an email from a long-time reader from Sweden and he wrote,

"I read your latest article today about a Goldman employee researching buying silver.

It look like JPMorgan has taken this one step further.

I just sold some silver on Ebay to a person with a JPMorgan.com email adress...

Maybe they are trying to buy physical to cover their shorts ;-)"]]> Thu, 25 Feb 2010 11:31:18 -0500
On the other hand, I got an email from a long-time reader from Sweden and he wrote,

"I read your latest article today about a Goldman employee researching buying silver.

It look like JPMorgan has taken this one step further.

I just sold some silver on Ebay to a person with a JPMorgan.com email adress...

Maybe they are trying to buy physical to cover their shorts ;-)"]]> http://seekingalpha.com/article/186936/comments?source=feed#comment-889544 889544
"Always treat Visa transactions like any other transaction; that is, you may not impose any surcharge on a Visa transaction. You may, however, offer a discount for cash transactions, provided that the offer is clearly disclosed to customers and the cash price is presented as a discount from the standard price charged for all other forms of payment."

Notice the discount must be applied to the 'standard price charged'. This is different from your statement and could, in certain circumstances, impose negative tax consequences on the merchant.]]> Tue, 09 Feb 2010 12:16:17 -0500
"Always treat Visa transactions like any other transaction; that is, you may not impose any surcharge on a Visa transaction. You may, however, offer a discount for cash transactions, provided that the offer is clearly disclosed to customers and the cash price is presented as a discount from the standard price charged for all other forms of payment."

Notice the discount must be applied to the 'standard price charged'. This is different from your statement and could, in certain circumstances, impose negative tax consequences on the merchant.]]> http://seekingalpha.com/article/186936/comments?source=feed#comment-888819 888819
Yes, you are affected by this because merchants are charged a transaction fee to accept credit cards but are prohibited by the merchant rules (Visa has been in litigation forever over this anti-trust/restrain of trade issue) from offering discounts with other forms of payment. As a result, prices have to be raised by merchants to pay the 'credit card' tax which amounts to about 1.5-3% of a transaction. That turns out to be about an increase of $0.08 per gallon of gasoline whether you use a credit card or not. Of course, this is just one example.]]> Tue, 09 Feb 2010 00:24:59 -0500
Yes, you are affected by this because merchants are charged a transaction fee to accept credit cards but are prohibited by the merchant rules (Visa has been in litigation forever over this anti-trust/restrain of trade issue) from offering discounts with other forms of payment. As a result, prices have to be raised by merchants to pay the 'credit card' tax which amounts to about 1.5-3% of a transaction. That turns out to be about an increase of $0.08 per gallon of gasoline whether you use a credit card or not. Of course, this is just one example.]]> http://seekingalpha.com/article/185897/comments?source=feed#comment-880462 880462
With a 21st century e-world it is all the more important to have an inherently stable monetary system. Dr. Vieira has already authored a bill that could be adopted by the States. NH and IN have already introduced these types of bills.

goldmoneybill.org/]]> Wed, 03 Feb 2010 12:15:26 -0500
With a 21st century e-world it is all the more important to have an inherently stable monetary system. Dr. Vieira has already authored a bill that could be adopted by the States. NH and IN have already introduced these types of bills.

goldmoneybill.org/]]> http://seekingalpha.com/article/184809/comments?source=feed#comment-873499 873499
www.runtogold.com/2010.../]]> Fri, 29 Jan 2010 12:14:27 -0500
www.runtogold.com/2010.../]]>