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PMMaven

PMMaven
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  • Will Gold Go Up? Depends On The Weather In India [View article]
    Just as a point of interest; back in old days(late 70's-early 80's) I was a field rep for a PM company. About once or twice a year I would work with JM's international rep for refining(secondary). He had unbelievable
    stories. He would travel to a border town in India to deal with smugglers. He said there was more gold transacted through this black market than the above board markets. I think there was a tax fiddle involved somewhere.
    Jul 10, 2012. 01:01 PM | Likes Like |Link to Comment
  • Significance Of Rhodium Price For The Automotive Industry [View article]
    LOL, This article must be a tongue-in-cheek post. It is the silliest thing I've ever seen.
    May 13, 2012. 04:05 PM | Likes Like |Link to Comment
  • JP Morgan Chase $2 Billion Derivatives Loss Illustrates Toxicity Of Casino-Banking [View article]
    Most of these Financial Engineers would be better off at the controls of a subway train. But most wouldn't pass the test.
    JPM and most other people do not know correct proper strict definition of 'HEDGE'.
    There's no such thing as a perfect hedge, but you can get up to
    99+%.
    May 11, 2012. 03:00 PM | 1 Like Like |Link to Comment
  • JPMorgan's Derivatives Whale Drags Down Banks [View article]
    JPM and most other people don't know the real meaning of HEDGE !
    A bonafide hedger with an account at an FCM does not have to
    mark-to-market.
    May 11, 2012. 08:08 AM | Likes Like |Link to Comment
  • JPMorgan's Derivatives Whale Drags Down Banks [View article]
    JPM and most other people don't know the real meaning of 'hedge' !!
    A bonafide hedger with an account with an FCM does not have to
    mark-to-market.
    May 11, 2012. 08:05 AM | Likes Like |Link to Comment
  • Asian Economies Continue To Welcome Gold And Silver [View article]
    People that use the expression "naked shorting" of Au, do not understand the reasons for public futures commodity exchanges.
    May 10, 2012. 10:10 AM | 1 Like Like |Link to Comment
  • In Defense Of Gold [View article]
    Buffet/Monger are just not objective.
    Printing presses are rolling. Weak $, but not compared to the E.
    $ up-Au down.
    May 9, 2012. 01:20 PM | 1 Like Like |Link to Comment
  • How Recent Events In India May Affect Precious Metals Prices [View article]
    Oh, and by the way, I have personally seen gold at the U.S. Assay Office in downtown Manhattan. Way below ground.
    Apr 18, 2012. 11:57 AM | 2 Likes Like |Link to Comment
  • How Recent Events In India May Affect Precious Metals Prices [View article]
    There's plenty of gold at Ft.Knox, but there's more at West Point !
    Apr 18, 2012. 11:52 AM | Likes Like |Link to Comment
  • On Gold As An Inflation Hedge [View article]
    K'kid:
    I think all Paulo's references are to little mom & pop storefront ops.
    Apr 17, 2012. 09:06 AM | Likes Like |Link to Comment
  • On Gold As An Inflation Hedge [View article]
    Paulo, I will say one thing about you. You are a very prolific writer. And your articles are very cantankerous. They generate many comments due to your answering most of them. You must be a fast typist.
    As for your recommendation not to purchase physical gold, I somewhat disagree. If someone is interested in buying gold, physical is a legitimate and attractive thing to do. If someone would like to acquire physical; the very best way is to buy bullion coins. Coins that are kinda 'Coin of the Realm', meaning they are provided by a sovereign state. It really doesn't matter which ones. The pricing varies between coins. The most popular ones command more of a premium above spot price, say 5+%. Less popular ones have less premium. Same thing on the selling side.
    In what seems to be in conflict with earlier statements, you say the spread between selling and buying coins is so large that you take a beating. Obviously, if you buy a coin and then sell it at the same gold price, you do take a beating. People buy gold cuz they want the price to go up before they sell it. Weather that be a week or 20 years.
    You can also have a position in gold by buying futures. That way you get leverage. With coins, you have 100% equity.
    Apr 14, 2012. 11:38 AM | Likes Like |Link to Comment
  • Is Gold Ever An Investment? [View article]
    A.A.Shepard-
    The age-old corny adage is 'An ounce of Gold has always been enough to buy good men's suit'. Also, it has always been enuf to buy a ton of BS.
    Apr 14, 2012. 10:12 AM | Likes Like |Link to Comment
  • Gold Speculators Are Being Fed [View article]
    Difference between bid and ask(bullion coins) is at least 3%.
    When you sell you get bid. You buy you get ask. Very simple.
    "Well, I've seen them bought below..". Of course, sometimes way below!
    Apr 14, 2012. 09:57 AM | Likes Like |Link to Comment
  • Gold Speculators Are Being Fed [View article]
    I have never ever heard of bullion coins being sold below spot(L2F). The
    most popular ones: Eagles, MapleLeafs, sell for at least 3% over spot. Quite often 7-8%. K-rands(probably least popular) sell for about spot. All fractional coins sell for way above spot.
    Apr 13, 2012. 01:41 PM | Likes Like |Link to Comment
  • Gold Speculators Are Being Fed [View article]
    What are they selling(at discount to market)? Bullion coins, jewelery or whatever. If coins, I assume the world has beaten a path to their door.
    Apr 13, 2012. 10:27 AM | Likes Like |Link to Comment
COMMENTS STATS
80 Comments
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