tag:blogger.com,1999:blog-7982981413278241287.post5923521931001469286..comments2023-10-28T17:54:39.467-06:00Comments on The Golden Truth: No Longer A "Barbarous Relic," Gold Is A "High Quality Liquid Asset"Dave in Denverhttp://www.blogger.com/profile/03016238915167131989noreply@blogger.comBlogger7125tag:blogger.com,1999:blog-7982981413278241287.post-24150848315071794712011-10-07T01:50:20.535-06:002011-10-07T01:50:20.535-06:00"Actually, any country with an inventory coul..."Actually, any country with an inventory could put up a sign advertising a physical gold bid/ask 10x today's "market" in fiat."<br /><br />I don't understand this? Why would someone/country offer 10x the market price for gold? To what end?<br /><br />I get/like the offering oil/commodity at discount for phys gold. That seems like a likely effective strategy for a sovereign to quickly build reserves.schmdoughttps://www.blogger.com/profile/09273892035574874171noreply@blogger.comtag:blogger.com,1999:blog-7982981413278241287.post-76555421855661970532011-10-06T19:04:27.148-06:002011-10-06T19:04:27.148-06:00Dave,
agree pretty much, but..
... China?
Actually...Dave,<br />agree pretty much, but..<br />... China?<br />Actually, any country with an inventory could put up a sign advertising a physical gold bid/ask 10x today's "market" in fiat.<br /><br />Everyone else would have to follow overnight. Little time for NATO to come knocking.<br /><br />Or an oil exporter offering to sell oil "cheap" in terms of gold ounces.<br /><br />I reckon it would be more likely a country with less skin in the dollar game and little fear of attack.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-7982981413278241287.post-54353388089694722082011-10-06T13:23:30.628-06:002011-10-06T13:23:30.628-06:00(Dave)
re: silver vs. gold. Thanks for you comme...(Dave)<br /><br />re: silver vs. gold. Thanks for you comment about my work. I appreciate it. <br /><br />Silver over long periods of time has a high "beta" vs. gold. I think we will see the Gold/silver ratio revert back at least 16, maybe even lower, before this is over. So take whatever your target is for gold and divide by 16 and that should be your target for silver. <br /><br />I will only publicly admit to a target of $10k for gold, before China ultimately revalues gold substantially higher and fixes its ratio in some convertibility number vs. a new gold/(silver) backed currency....hope that helps.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-7982981413278241287.post-3047495292496766932011-10-06T13:03:54.274-06:002011-10-06T13:03:54.274-06:00Skimmy dipping????
Madoff Whistleblower Tells KW...Skimmy dipping????<br /><br /><br />Madoff Whistleblower Tells KWN Banks Stealing From Pensions<br /> <br />In a King World News exclusive interview, the man who brought down Bernie Madoff’s $65 billion Ponzi scheme informed KWN, “Bank of New York is going to go down, Eric. Between Bank of New York Mellon and State Street, these two institutions have stolen between $6 to $10 billion from tens of millions of Americans retirement savings accounts. It’s been a hell of a crime spree for the bank, but now they are being brought to justice.”<br />.<br /><br />Harry Markopolos, has lead the team that spearheaded this investigation from the beginning. Harry and his team were the first to expose this fraud. Markopolos also told KWN, “The New York Attorney General filed suit on Tuesday (against Bank of New York Mellon) for stealing money from pension funds on currency transactions. This theft has been from tens of millions of Americans, policemen, firemen, librarians, municipal workers, judges and the list goes on and on and they’ve been doing it for decades. <br /><br />http://kingworldnews.com/kingworldnews/KWN_DailyWeb/Entries/2011/10/6_Madoff_Whistleblower_Tells_KWN_Banks_Stealing_From_Pensions.htmlAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-7982981413278241287.post-70239543547103447692011-10-06T13:03:10.403-06:002011-10-06T13:03:10.403-06:00Dave,
Great work, I appreciate your efforts. I...Dave,<br /><br />Great work, I appreciate your efforts. I'm new to your blog, so apologies if you've gone over this before. Clearly you see a bright future in PMs, but it looks like you have a soft spot for gold. How do you feel about the future of silver? Better/worse/the same as gold?Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-7982981413278241287.post-64326909378448752532011-10-06T09:57:12.101-06:002011-10-06T09:57:12.101-06:00Take the time to listen...
Ron Paul: We Have Cros...Take the time to listen...<br /><br />Ron Paul: We Have Crossed the Rubicon towards Empire and Tyranny <br /><br />http://www.youtube.com/watch?v=MfXPezvwE0w&feature=player_embedded#!Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-7982981413278241287.post-83829291111023967712011-10-06T08:49:41.127-06:002011-10-06T08:49:41.127-06:00Listen to Satyajit Das @13 minutes...
http://maxk...Listen to Satyajit Das @13 minutes...<br /><br />http://maxkeiser.com/2011/10/06/kr193/Anonymousnoreply@blogger.com