Do More Gold ETF Outflows Mean Even Lower Gold Prices Ahead? [View article]
If accumulation of paper gold doesn't affect the price and if selling paper gold doesn't either, maybe it's proof of ETF-vaults being close to empty, in other words: it's just contracts, no real gold they're trading.
zugly, Yes, indeed, the Cypriots who just lost a large part of their savings won't be happy with this expression: "there are no more bad things happening". I guess a lot of them must ask themselves now: "why on earth didn't I turn my cash savings into solid gold ?" Moreover, this moron Ollie Rehn has warned every European that what happened to Cyprus, can happen anywhere in the EZ, go figure, how stupid politicians can be: "savers with over €100,000 on their account will be subject to confiscation". And that other genius, Dijsselbloem has agreed that such could be possible. Being socialists, they sure must consider confiscation as good things happening.
Yaron, "l take a few bars at $2 ;) " Then you need to get yourself a time moving machine that throws you into 20th cent Sovjet Union to be conscious of the crap you're actually saying. It's leaders said exactly the same concerning food: "I take a few hamburgers at 2 rubles". Pity for them there were no hamburgers in the stores.
What China Should Do About The Gold Crash [View article]
market, "It's kind of funny that something being discareded globally has incredible demand right now and almost no supply to match it. " You are right. Exactly the same phenomenon occurred in communist USSR in the twentieth cent. with food: prices were low, except you couldn't find anything edible in the stores. Eventually this whole ETF/Comex scam will lead to the creation of a black market for gold, as I predicted a few years ago.
What China Should Do About The Gold Crash [View article]
James, once again an excellent article. Congrats, you are a master mind. I also read your other article on the causes of this price drop. It makes a lot of sense. Thanks for sharing your insights.
Yeah, Yaron, I wish you good luck with your yard full of stinking cheese, milk, paella, pizza, hamburgers, fruit... worth your $100,000 savings you put in. What's their value after a year or two ? I guess you'll have to throw most of it away unless you ravish eating rotten things or else dispose of gigantic deepfreezers.
Yaron, How many swimming pools of water do you need to back $100,000 ? And good luck with your mountains of food to back $100,000. I won't be the one to gladly be near you when your cheese, bread, yoghurt, hamburgers, milk, pears, apples... start to rotten and smell like hell. Frankly, I'd prefer a few ponds of no-smelling gold.
Doug, You are right but Yaron's highly original take is that Central Banks in the near future will throw their gold on the streets like sh** because it has no value due to it's rarity. I wonder who will start first ? The Fed ? This time, gold will be different, Yaron says, it will be worth less than sh**, since the latter can be used as manure. Gold can't, it's completely useless. Now there's genius thinking, worth some Nobel price economy.
Liquid, I agree, but my point was to prove how deficient Yaron's reasoning is. By doing so, the difference between $4,000/oz and $20,000/oz is only a semantic one.
The Argument For Cheaper Gold [View article]
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Do More Gold ETF Outflows Mean Even Lower Gold Prices Ahead? [View article]
What China Should Do About The Gold Crash [View article]
The Gold Emperor Has No Clothes [View article]
Yes, indeed, the Cypriots who just lost a large part of their savings won't be happy with this expression: "there are no more bad things happening".
I guess a lot of them must ask themselves now: "why on earth didn't I turn my cash savings into solid gold ?"
Moreover, this moron Ollie Rehn has warned every European that what happened to Cyprus, can happen anywhere in the EZ, go figure, how stupid politicians can be: "savers with over €100,000 on their account will be subject to confiscation". And that other genius, Dijsselbloem has agreed that such could be possible.
Being socialists, they sure must consider confiscation as good things happening.
Is Gold Useless - Part III [View article]
but CDO's and CDS's were honest contsructions, weren't they .
No conspiration there, they tell.
Is Gold Useless - Part III [View article]
there are a lot of useless religions that never disappear. Take diamonds for instance.
Is Gold Useless - Part III [View article]
"l take a few bars at $2 ;) "
Then you need to get yourself a time moving machine that throws you into 20th cent Sovjet Union to be conscious of the crap you're actually saying.
It's leaders said exactly the same concerning food: "I take a few hamburgers at 2 rubles".
Pity for them there were no hamburgers in the stores.
What China Should Do About The Gold Crash [View article]
"It's kind of funny that something being discareded globally has incredible demand right now and almost no supply to match it. "
You are right.
Exactly the same phenomenon occurred in communist USSR in the twentieth cent. with food: prices were low, except you couldn't find anything edible in the stores.
Eventually this whole ETF/Comex scam will lead to the creation of a black market for gold, as I predicted a few years ago.
What China Should Do About The Gold Crash [View article]
once again an excellent article.
Congrats, you are a master mind.
I also read your other article on the causes of this price drop. It makes a lot of sense. Thanks for sharing your insights.
Is Gold Useless - Part III [View article]
" The capitulation is not apparent yet. "
The capitulation will only be apparent when they start paving the streets with gold.
Is Gold Useless - Part III [View article]
Is Gold Useless - Part III [View article]
"Curious to think of what they can inflate now. "
Treasuries ?
Is Gold Useless - Part III [View article]
How many swimming pools of water do you need to back $100,000 ?
And good luck with your mountains of food to back $100,000. I won't be the one to gladly be near you when your cheese, bread, yoghurt, hamburgers, milk, pears, apples... start to rotten and smell like hell.
Frankly, I'd prefer a few ponds of no-smelling gold.
Is Gold Useless - Part III [View article]
You are right but Yaron's highly original take is that Central Banks in the near future will throw their gold on the streets like sh** because it has no value due to it's rarity.
I wonder who will start first ? The Fed ?
This time, gold will be different, Yaron says, it will be worth less than sh**, since the latter can be used as manure. Gold can't, it's completely useless. Now there's genius thinking, worth some Nobel price economy.
Is Gold Useless - Part III [View article]
I agree, but my point was to prove how deficient Yaron's reasoning is.
By doing so, the difference between $4,000/oz and $20,000/oz is only a semantic one.