KBowen7736's Comments RSS Syndication from SeekingAlpha.com http://seekingalpha.comuser/73569/comments http://seekingalpha.com/article/165499-wary-of-the-new-gold-rush?source=feed#comment-710193 710193
Did it ever occur to you that if gold was not a monetary asset then why do Central Banks around the world bother with it? You should study a bit of history about how our country transitioned into paper currency from the days of gold minted coins and bags of gold dust being used as an exchange medium. You will quickly see that gold was always held at the bank in reserve to redeem any paper that was exchanged.]]> Fri, 09 Oct 2009 09:24:50 -0400
Did it ever occur to you that if gold was not a monetary asset then why do Central Banks around the world bother with it? You should study a bit of history about how our country transitioned into paper currency from the days of gold minted coins and bags of gold dust being used as an exchange medium. You will quickly see that gold was always held at the bank in reserve to redeem any paper that was exchanged.]]> http://seekingalpha.com/article/148111-fool-s-gold-part-2?source=feed#comment-583501 583501 Attempting to detach this basic mechanism from what is happening today is foolishness. The author produced no relavent proof and, in fact, drew many unsubstantiated conclusions. Besides a restatement of the obvious investors goal of buy low....sell high. I am not quite sure why I just wasted the last 15 minutes reading this rubbish. I am glad I am not paying his advisory fees!]]> Sat, 11 Jul 2009 10:57:21 -0400 Attempting to detach this basic mechanism from what is happening today is foolishness. The author produced no relavent proof and, in fact, drew many unsubstantiated conclusions. Besides a restatement of the obvious investors goal of buy low....sell high. I am not quite sure why I just wasted the last 15 minutes reading this rubbish. I am glad I am not paying his advisory fees!]]> http://seekingalpha.com/article/138633-has-gold-been-manipulated?source=feed#comment-511237 511237
Historically, only 2-3% of futures contracts are actually settled by delivery. The vast majority are closed out prior to the delivery period by open market transactions. That includes commercial and speculative traders."

My point exactly! Herein lies the vehicle for manipulation if covering funds are limitless and the physical metal is never transacted.
]]> Wed, 20 May 2009 10:36:06 -0400
Historically, only 2-3% of futures contracts are actually settled by delivery. The vast majority are closed out prior to the delivery period by open market transactions. That includes commercial and speculative traders."

My point exactly! Herein lies the vehicle for manipulation if covering funds are limitless and the physical metal is never transacted.
]]> http://seekingalpha.com/article/138633-has-gold-been-manipulated?source=feed#comment-511008 511008
Of course governmental monetary infusion is germane to the gold price. The gold price versus the dollar is a key indicator of it's health and is therefore subject to manipulation to sustain the appearance that there is still the same value of worth. That is the poison that comes with having your currency be the world's reserve.
These gold contracts are sold short on the COMEX without actually borrowing the "real" metal. Then they are settled in cash. You let me print enough shares of any company and let me sell them on the open market with malice and I can guarantee you I will be able to take that share price exactly where I want it! And if it takes a few hundred million of TARP money to settle the postion after the downward market damage is done then so be it.
]]> Wed, 20 May 2009 08:52:44 -0400
Of course governmental monetary infusion is germane to the gold price. The gold price versus the dollar is a key indicator of it's health and is therefore subject to manipulation to sustain the appearance that there is still the same value of worth. That is the poison that comes with having your currency be the world's reserve.
These gold contracts are sold short on the COMEX without actually borrowing the "real" metal. Then they are settled in cash. You let me print enough shares of any company and let me sell them on the open market with malice and I can guarantee you I will be able to take that share price exactly where I want it! And if it takes a few hundred million of TARP money to settle the postion after the downward market damage is done then so be it.
]]> http://seekingalpha.com/article/136362-financial-times-exaggerates-central-bank-losses-from-gold-sales?source=feed#comment-496582 496582 Sat, 09 May 2009 08:54:59 -0400 http://seekingalpha.com/article/121456-is-the-gld-etf-really-worth-its-metal?source=feed#comment-396266 396266 Fri, 20 Feb 2009 08:45:47 -0500 http://seekingalpha.com/article/112349-soaring-silver-stalling-gold?source=feed#comment-339254 339254 Sat, 27 Dec 2008 10:31:04 -0500 http://seekingalpha.com/article/109185-time-to-switch-out-of-freeport-mcmoran?source=feed#comment-320613 320613 Thu, 04 Dec 2008 08:51:53 -0500 http://seekingalpha.com/article/105825-gold-bugs-beware?source=feed#comment-305926 305926
Equities, after adjusting for real inflation and not the governments BS, are way behind gold. Even at this point with massive forced selling in precious metals anything, the price still remains above the buy and hold level for the DOW if pick a point some 10-15 years ago.

The principle fallacy in your argument is that you treat gold as a commodity not unlike corn or hog bellies. You have heard it before, gold has always held a monetary function in the world's economic system and will continue to do so when the fiat currencies fall apart.

You also rest your arguments on the current price of treasuries. The repatriation of dollars and panic buying of treasuries from foreigners will come to an end when they realize that a US debt default is a real possibility. The fate of the US as a soveriegn nation rests in the hands of the Chinese at this very moment. If you don't think this is so then you are truely nieve in calculating the largess of the US dollar. It has fallen apart and once the rest of the world decides on a plan to move away from a dollar based reserve system then all your chicks will come home to roost, as the Rev Wright would say! ]]> Fri, 14 Nov 2008 09:06:21 -0500
Equities, after adjusting for real inflation and not the governments BS, are way behind gold. Even at this point with massive forced selling in precious metals anything, the price still remains above the buy and hold level for the DOW if pick a point some 10-15 years ago.

The principle fallacy in your argument is that you treat gold as a commodity not unlike corn or hog bellies. You have heard it before, gold has always held a monetary function in the world's economic system and will continue to do so when the fiat currencies fall apart.

You also rest your arguments on the current price of treasuries. The repatriation of dollars and panic buying of treasuries from foreigners will come to an end when they realize that a US debt default is a real possibility. The fate of the US as a soveriegn nation rests in the hands of the Chinese at this very moment. If you don't think this is so then you are truely nieve in calculating the largess of the US dollar. It has fallen apart and once the rest of the world decides on a plan to move away from a dollar based reserve system then all your chicks will come home to roost, as the Rev Wright would say! ]]> http://seekingalpha.com/article/105823-attention-gold-bugs-hyperinflation-or-deflation?source=feed#comment-305695 305695
You do not inject 2.7 trillion dollars of funny money into the economy(just in the last few months) and not suffer inflation. The sheer size of these numbers are lost on the nieve. It has been proven true that the US dollar will go down in inflationary flames ala Paulson and Bernanke. Enjoy the low gas prices while you can and buy gold when you can. Do you honestly trust the powers that be to provide you with a fiat currency that holds its value? Get real.]]> Thu, 13 Nov 2008 21:42:04 -0500
You do not inject 2.7 trillion dollars of funny money into the economy(just in the last few months) and not suffer inflation. The sheer size of these numbers are lost on the nieve. It has been proven true that the US dollar will go down in inflationary flames ala Paulson and Bernanke. Enjoy the low gas prices while you can and buy gold when you can. Do you honestly trust the powers that be to provide you with a fiat currency that holds its value? Get real.]]> http://seekingalpha.com/article/75826-why-i-m-re-establishing-my-gold-position?source=feed#comment-163254 163254 Wed, 07 May 2008 08:47:49 -0400 http://seekingalpha.com/article/73027-aurelian-and-corriente-shares-down-as-equador-suspends-mining-exploration?source=feed#comment-154385 154385
That is how it should go and how it did not go in Ecuador. Thieving bastards is the correct term here!]]> Mon, 21 Apr 2008 20:09:25 -0400
That is how it should go and how it did not go in Ecuador. Thieving bastards is the correct term here!]]> http://seekingalpha.com/article/60174-analyst-leverage-to-gold-price-should-benefit-companies?source=feed#comment-110509 110509 Tue, 15 Jan 2008 12:29:32 -0500 http://seekingalpha.com/article/56770-what-makes-golden-star-an-explosive-gold-stock-for-2008?source=feed#comment-104773 104773 Mon, 10 Dec 2007 13:09:53 -0500 http://seekingalpha.com/article/56770-what-makes-golden-star-an-explosive-gold-stock-for-2008?source=feed#comment-104769 104769 Mon, 10 Dec 2007 12:38:19 -0500 http://seekingalpha.com/article/56450-will-the-report-on-iran-s-nuclear-program-suspension-affect-the-price-of-gold?source=feed#comment-104383 104383 Thu, 06 Dec 2007 19:04:47 -0500 http://seekingalpha.com/article/45602-yamana-northern-orion-meridian-merger-doesn-t-look-likely-to-ubs?source=feed#comment-94495 94495 Fri, 24 Aug 2007 10:32:07 -0400 http://seekingalpha.com/article/45115-what-s-going-down-with-precious-metals?source=feed#comment-94208 94208 Tue, 21 Aug 2007 10:17:33 -0400 http://seekingalpha.com/article/39113-hui-and-gold-price-best-future-return-likely-in-junior-miners?source=feed#comment-89385 89385 Fri, 22 Jun 2007 10:13:52 -0400 http://seekingalpha.com/article/33778-time-may-be-right-for-entering-gold-and-silver-positions?source=feed#comment-85185 85185 Sat, 28 Apr 2007 09:41:58 -0400 http://seekingalpha.com/article/6195-why-i-bought-silverado-gold-mines-slglf?source=feed#comment-84523 84523 Thu, 19 Apr 2007 08:14:02 -0400