tag:blogger.com,1999:blog-7982981413278241287.post4349085433152520290..comments2023-10-28T17:54:39.467-06:00Comments on The Golden Truth: Shove This Up Your Ass, Warren...Dave in Denverhttp://www.blogger.com/profile/03016238915167131989noreply@blogger.comBlogger16125tag:blogger.com,1999:blog-7982981413278241287.post-41429583233140660242012-04-28T09:03:05.907-06:002012-04-28T09:03:05.907-06:00I think he meant to say "undervalued." &...I think he meant to say "undervalued." "Worthless" was a bad choice of words. His final sentence shows he clearly understands what is going on with gold and silver prices.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-7982981413278241287.post-79866927053457649332012-04-27T13:26:39.900-06:002012-04-27T13:26:39.900-06:00Regarding Santa's preference for Gold over Sil...Regarding Santa's preference for Gold over Silver, most of his net worth is in GOLD mining. <br /><br />I wouldn't get all bent out of shape about it... I mean, what else would he say... dah!SRV ES339https://www.blogger.com/profile/17955738173581128887noreply@blogger.comtag:blogger.com,1999:blog-7982981413278241287.post-21343385743224584822012-04-27T11:46:28.122-06:002012-04-27T11:46:28.122-06:00"By that standard alone, silver is practicall..."By that standard alone, silver is practically worthless."<br /><br />Brian, was this statement meant to be fact or opinion? I don't understand how you draw the conclusion that silver is "practically worthless". Oh wait, maybe you mean paper silver, digital silver, conceptual silver. In those cases you are correct.TrashBoatnoreply@blogger.comtag:blogger.com,1999:blog-7982981413278241287.post-63417784669918895532012-04-27T11:33:57.016-06:002012-04-27T11:33:57.016-06:00Jim Grant explains how Central Banks are Waging Wa...Jim Grant explains how Central Banks are Waging War on Supply and Demand <br /><br />http://www.youtube.com/watch?v=ZxiwmzeCbhw&feature=player_embeddedAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-7982981413278241287.post-11010122567183416112012-04-27T10:47:56.216-06:002012-04-27T10:47:56.216-06:00What else do you need to know about the system?
T...What else do you need to know about the system?<br /><br />The Truth About Egan-Jones<br /><br />. but not from us: after all we are known for being biased, which in the mainstream media parlance means calling it like it is. No - instead we leave it to none other than Bloomberg's Jonathan Weil who does as good a job of being "biased" as we ever could: "Egan-Jones, which has been in business since 1992, could have continued operating as an independent publisher of ratings and analysis, not subject to government oversight or control. Instead it chose to play within the Big Three’s system, exposing itself to regulation and the whims of the SEC in exchange for the government’s imprimatur. Now it’s paying the price." And not only that: as the most recent example of Spain just shows, where Egan Jones downgraded Spain 9 days ago and was ignored, but well ahead of everyone else, only to be piggybacked by S&P, and the whole world flipping out, it has become clear: calling out reality, and the fools that populate it, is becoming not only a dangerous game, but increasingly more illegal. Then again - this is not the first time we have seen just this happen in broad daylight, with nobody daring to say anything about it. In fact, this phenomenon tends to be a rather traditional side-effect of every declining superpower. Such as the case is right now...<br />Getting a Pass<br /><br />Life isn’t fair, as they say. The big raters, which are paid by the issuers of securities they grade, so far have gotten a pass, even after helping cause the financial crisis by slapping AAA scores on countless tranches of subprime-mortgage dreck. Egan-Jones, with fewer than 20 employees, makes its money by selling subscriptions to investors, meaning it’s not beholden to issuers. Yet Egan and his firm are getting pinched, although nothing in the SEC’s administrative complaint indicates investors were harmed.<br /><br />None of this is to excuse any infractions Egan-Jones might have committed. We will have to wait and see if the agency’s claims stick in court. That said, it seems Egan-Jones’s big mistake was to seek formal recognition from the SEC at all. <br />http://www.zerohedge.com/news/truth-about-egan-jones?Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-7982981413278241287.post-62546941250864360092012-04-27T10:13:02.367-06:002012-04-27T10:13:02.367-06:00Having read some JS myself, he seems to be a true ...Having read some JS myself, he seems to be a true gold bug, and not into silver at all, which may explain in part his - IMO wrong - statement (if indeed he did say that). While the inventory of the world's gold above ground Au is currently around 135000 tonnes, it is only about a third of that when it comes to silver (numbers I have read somewhere, sorry, no reference). With a Au/Ag mining ration of currently ~1/10, and a ~ half of the mined silver being consumed by industry, I have no problem with the idea that a pocket full of silver may also buy a nice truck some day. Anyway, JS is a very vocal pro-PM/gold person, and seems to have a very rational view of the world, and the financial system in particular. He likes gold, and if gold does go up, it will likely drag Ag with it as well... and then Ag may just develop a life on its own... we'll see... my 2 oz. AlCHXnoreply@blogger.comtag:blogger.com,1999:blog-7982981413278241287.post-21460116766738677552012-04-27T10:04:02.487-06:002012-04-27T10:04:02.487-06:00this is what he said..more of a comment regarding ...this is what he said..more of a comment regarding gold's utility as money for large scale transactions...context is everything.<br /><br />FM: What about silver?<br /><br />JS: Silver is not money for one practical reason: It is too heavy. Gold is extremely portable. If you wanted to buy a pick-up truck you could put the money in your lefty pocket in gold but if you wanted to buy it with silver even at today’s prices you would need a pick-up truck full of silver. Silver is not as monetary as gold.<br /><br />http://www.futuresmag.com/2012/05/01/jim-sinclair-has-something-to-say?page=3<br /><br /><br />...and just remember there is a big push in Mexico and China to to remonetize silver as a vehicle for savingAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-7982981413278241287.post-48391560789702439722012-04-27T09:04:34.518-06:002012-04-27T09:04:34.518-06:00Hmmm. Got a link for that? According to the U.S....Hmmm. Got a link for that? According to the U.S. Constitution, gold and silver are money.<br /><br />Silver is poor man's gold. Has been since the Roman Empire.<br /><br />Even if Sinclair really did say that, he's wrong. And he's wealthy so he doesn't have to worry about "fungibility," which is what silver provides. <br /><br />It's best to have both, because if you want to buy a cup of coffee and only have a gold coin, what are you going to receive for change? On the other hand, silver owners can flip a silver coin at the server and say "keep the change, honey."Dave in Denverhttps://www.blogger.com/profile/03016238915167131989noreply@blogger.comtag:blogger.com,1999:blog-7982981413278241287.post-4495945346253424722012-04-27T08:59:29.847-06:002012-04-27T08:59:29.847-06:00Jim Sinclair interview with Futures Magazine.
&qu...Jim Sinclair interview with Futures Magazine.<br /><br />"JS: Silver is not money for one practical reason: It is too heavy. Gold is extremely portable. If you wanted to buy a pick-up truck you could put the money in your lefty pocket in gold but if you wanted to buy it with silver even at today’s prices you would need a pick-up truck full of silver.<br /><br />So there you have it the great? Jim Sinclair says Silver is not money. All you Sinclair lovers had better sell your monster boxes of Silver Eagles.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-7982981413278241287.post-77599595599821736842012-04-26T21:38:31.248-06:002012-04-26T21:38:31.248-06:00Timmah!Timmah!Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-7982981413278241287.post-41104029002597198882012-04-26T19:11:50.536-06:002012-04-26T19:11:50.536-06:00It seems that everyday Geithner makes statements t...It seems that everyday Geithner makes statements that serve to confirm that fact he is mentally disabled.Dave in Denverhttps://www.blogger.com/profile/03016238915167131989noreply@blogger.comtag:blogger.com,1999:blog-7982981413278241287.post-15658084396725550722012-04-26T19:10:55.776-06:002012-04-26T19:10:55.776-06:00LOLLOLDave in Denverhttps://www.blogger.com/profile/03016238915167131989noreply@blogger.comtag:blogger.com,1999:blog-7982981413278241287.post-68463072648831503932012-04-26T15:55:05.216-06:002012-04-26T15:55:05.216-06:00How do you spell balls? starts with a t..
confuci...How do you spell balls? starts with a t..<br /><br />confucius says...<br /><br />Man who speaks with forked tongue should not kiss balloons.(aka fiat debt)<br /><br /><br />Geithner Urges China to Loosen Hold on Finance System<br /><br />‘Save Excessively’<br /><br />“China’s financial system is still dominated by large state-owned banks, who favor lending to large state enterprises, with comprehensive controls on deposit interest rates,” Geithner said. That system limits the returns of consumers to below inflation, “forcing them to save excessively” and restricting consumption, he said.<br /><br />“Raising the ceiling on deposit rates will also allow Chinese households to earn a higher return on their savings, both increasing their income and reducing their need to save, thus increasing their ability to consume goods and services, including from the United States,” Geithner said at the Commonwealth Club of California. <br /><br />http://www.bloomberg.com/news/2012-04-26/geithner-urges-china-to-loosen-hold-on-finance-system.htmlAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-7982981413278241287.post-37831124967502109582012-04-26T14:46:24.294-06:002012-04-26T14:46:24.294-06:00LOL, Dave, your last sentence may cure poor Warren...LOL, Dave, your last sentence may cure poor Warren by enemAu :)<br />AlCHXnoreply@blogger.comtag:blogger.com,1999:blog-7982981413278241287.post-22005053084927992052012-04-26T12:49:06.817-06:002012-04-26T12:49:06.817-06:00Robert Wenzel has my support for a position on Pre...Robert Wenzel has my support for a position on President Paul's economics team.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-7982981413278241287.post-18105403238578444982012-04-26T12:46:51.966-06:002012-04-26T12:46:51.966-06:00A few months back, someone valued gold at 6300 per...A few months back, someone valued gold at 6300 per oz in terms of the amount of (sic) currency in circulation.<br /><br />I think that was U.S. only and not the world. The source was Zerohedge but I cannot recall who did the math. <br /><br />By that standard alone, silver is practically worthless. The bankers have done an outstanding job of manipulating those commodities.Brianhttps://www.blogger.com/profile/11009623520148094685noreply@blogger.com