tag:blogger.com,1999:blog-7982981413278241287.post5890254195660830523..comments2023-10-28T17:54:39.467-06:00Comments on The Golden Truth: Physical Gold Buying vs. Paper FraudDave in Denverhttp://www.blogger.com/profile/03016238915167131989noreply@blogger.comBlogger30125tag:blogger.com,1999:blog-7982981413278241287.post-81165157390615046612010-04-30T05:14:52.033-06:002010-04-30T05:14:52.033-06:00Physical gold is a reasonable investment right now...Physical gold is a reasonable investment right now based on 1) sovereign defaults 2) shortages of physical deposits 3) the dollar 4) central banks etc.Guavahttps://www.blogger.com/profile/16317907266006167845noreply@blogger.comtag:blogger.com,1999:blog-7982981413278241287.post-80465420291101461542010-04-29T12:10:27.075-06:002010-04-29T12:10:27.075-06:00Get Prepared For Massive Gold Launch
http://www.s...Get Prepared For Massive Gold Launch<br /><br />http://www.silverbearcafe.com/private/04.10/launch.htmlHopiumnoreply@blogger.comtag:blogger.com,1999:blog-7982981413278241287.post-70760370405728909112010-04-29T12:04:49.795-06:002010-04-29T12:04:49.795-06:00A lot longer than we all probably believe. Here&#...A lot longer than we all probably believe. Here's what I think happens: one day we wake up and OPEC and others say "no mas" to selling us their goods for dollars. They'll say we have to exchange the dollars in yuan or yen or something. At that point the dollar drops 50%. Eventually the U.S. issues a "two-tier" currency. One backed by gold that is used for global trade. The other is to be used exclusively inside the borders. Something along those lines...Dave in Denverhttps://www.blogger.com/profile/03016238915167131989noreply@blogger.comtag:blogger.com,1999:blog-7982981413278241287.post-8483243022620008812010-04-29T11:43:22.956-06:002010-04-29T11:43:22.956-06:00The bottom line question in my mind is how much lo...The bottom line question in my mind is how much longer the USD can last.<br /><br />Joe M.Joehttps://www.blogger.com/profile/16005483996588605077noreply@blogger.comtag:blogger.com,1999:blog-7982981413278241287.post-35060032078464456082010-04-29T10:25:53.325-06:002010-04-29T10:25:53.325-06:00Thank you so much for sharing the details with us....Thank you so much for sharing the details with us.gold coinshttp://www.goldcoinsgain.comnoreply@blogger.comtag:blogger.com,1999:blog-7982981413278241287.post-28978941963640024372010-04-29T09:02:45.626-06:002010-04-29T09:02:45.626-06:00Oh ya, Nadeem Wayalat - he does good work, althoug...Oh ya, Nadeem Wayalat - he does good work, although I think - and I'm not alone in this assessment - that John Mauldin is the "People" magazine equivalent of financial analysis and commentary. <br /><br />Thanks for the link to Wayalat's blog.Dave in Denverhttps://www.blogger.com/profile/03016238915167131989noreply@blogger.comtag:blogger.com,1999:blog-7982981413278241287.post-78367739584774805342010-04-29T08:38:35.906-06:002010-04-29T08:38:35.906-06:00Dave,
A friend of mine runs this blog in the UK. I...Dave,<br />A friend of mine runs this blog in the UK. It has many US contributors<br /><br />This is a current article on Greece, (from a US contributor)<br /><br />http://www.marketoracle.co.uk/Article19029.html<br /><br />He also writes himself, here is his home page with a summary of his own articles.<br /><br />http://www.walayatstreet.com/<br /><br />As you can see, both sites are well visited.<br /><br />Hope it is some interest to you. :-)Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-7982981413278241287.post-53318581656528181002010-04-29T08:01:17.766-06:002010-04-29T08:01:17.766-06:00thanks for the link. things are ugly in the UK bu...thanks for the link. things are ugly in the UK but being used as more "cover" for the even worse state of condition of the U.S.Dave in Denverhttps://www.blogger.com/profile/03016238915167131989noreply@blogger.comtag:blogger.com,1999:blog-7982981413278241287.post-72302696213510889442010-04-29T07:54:16.992-06:002010-04-29T07:54:16.992-06:00http://www.guardian.co.uk/business/2010/apr/29/mer...http://www.guardian.co.uk/business/2010/apr/29/mervyn-king-warns-election-victor<br /><br />This is why steps in the UK will be as little as possible.<br /><br />More risk from interest rate vigilantes, and wasted decades.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-7982981413278241287.post-11626635611693216572010-04-29T06:11:46.806-06:002010-04-29T06:11:46.806-06:00Hopium - great find! Thanks for postingHopium - great find! Thanks for postingDave in Denverhttps://www.blogger.com/profile/03016238915167131989noreply@blogger.comtag:blogger.com,1999:blog-7982981413278241287.post-24874150813949614772010-04-29T06:11:31.756-06:002010-04-29T06:11:31.756-06:00@Anonymous re: my blog. Thanks for the feedback -...@Anonymous re: my blog. Thanks for the feedback - really appreciate it.Dave in Denverhttps://www.blogger.com/profile/03016238915167131989noreply@blogger.comtag:blogger.com,1999:blog-7982981413278241287.post-88139490079807664432010-04-29T06:10:19.781-06:002010-04-29T06:10:19.781-06:00@Anonymous/derivatives - totally agree and I think...@Anonymous/derivatives - totally agree and I think the Fed is busy monetizing what they can. I would bet U.S. banks have a huge off-balance-sheet derivatives exposure to Greece/PIIGSDave in Denverhttps://www.blogger.com/profile/03016238915167131989noreply@blogger.comtag:blogger.com,1999:blog-7982981413278241287.post-62700416030932287962010-04-29T05:29:14.475-06:002010-04-29T05:29:14.475-06:00Bill Clinton Is Now a Gold Bug
File this under une...Bill Clinton Is Now a Gold Bug<br />File this under unexpected. Former President Bill Clinton blames the current financial crisis on the U.S. leaving the gold standard.<br /><br />During an interview conducted at the Peterson Institute by Bob Schaeffer, Clinton sounded like a hardcore gold bug as he said that the problems in the economy started when the U.S. went off the gold standard.<br /><br />He then hedged a bit and justified the U.S. leaving the gold standard for "economic management" reasons.<br /><br />Those economic management reasons were, of course, that the U.S. had printed so many dollars at the then price of gold ($35 per ounce) that the U.S. did not have enough gold to back up all the money it printed. But Clinton's statement clearly implies that he understands that gold is a check on out of control government printing of money.<br /><br />Do you think Bill and Hillary have a few gold coins tucked away?<br /><br />On another note, during the same interview, Democrat Clinton makes clear that he doesn't think the SEC has a case against Goldman Sachs. "I read a lot of material on this," he says.<br /><br />The first roughly two minute of this clip are priceless, at 1:58 get a load of Bob Schaeffer's face, just after Clinton says leaving the gold standard was the problem. The clip is here.<br /><br />http://www.realclearpolitics.com/video/2010/04/28/bill_clinton_timing_of_goldman_sachs_suit_is_suspect.htmlHopiumnoreply@blogger.comtag:blogger.com,1999:blog-7982981413278241287.post-69631635298731490632010-04-29T04:14:26.869-06:002010-04-29T04:14:26.869-06:00One of the best blogs on the web. Keep up the good...One of the best blogs on the web. Keep up the good work.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-7982981413278241287.post-37058953748190971062010-04-29T00:51:29.828-06:002010-04-29T00:51:29.828-06:00To me the great unknowable unknown are the coming ...To me the great unknowable unknown are the coming blow-ups in those $T of derivatives and swaps sitting on PMs and interest rates, that will be activated somewhere along the road.<br /><br />Difficult to get a handle on, I guess.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-7982981413278241287.post-18960299824197937502010-04-28T22:07:32.000-06:002010-04-28T22:07:32.000-06:00Thanks for the feeback Murray!
Great observation ...Thanks for the feeback Murray!<br /><br />Great observation on the unintended consequences effect.Dave in Denverhttps://www.blogger.com/profile/03016238915167131989noreply@blogger.comtag:blogger.com,1999:blog-7982981413278241287.post-67714194671891833412010-04-28T21:58:23.993-06:002010-04-28T21:58:23.993-06:00How many plates can they keep spinning at one time...How many plates can they keep spinning at one time?<br /><br />I love how the unintended consequences are piling up. It seems every manipulation just complicates things further, making the eventual implosion even greater. (Attack the Euro through CDS and the like, get the ratings agencies on board too! OOPS! Europeans want even more gold - never saw that one coming!)<br /><br />Dave I sure appreciate your blog and the way you respond to posters regularily. Its a daily fix.rothbardnoreply@blogger.comtag:blogger.com,1999:blog-7982981413278241287.post-72185458477281818452010-04-28T21:21:36.580-06:002010-04-28T21:21:36.580-06:00LOL - I always figured she removed the fleeceLOL - I always figured she removed the fleeceDave in Denverhttps://www.blogger.com/profile/03016238915167131989noreply@blogger.comtag:blogger.com,1999:blog-7982981413278241287.post-91339454819894039482010-04-28T21:01:33.381-06:002010-04-28T21:01:33.381-06:00Becky Quick said...
Record high again in euro ter...<i>Becky Quick said... <br />Record high again in euro terms yet the majority remain bearish. Sheep always get fleeced</i><br /><br />Ohhhh, Becky,... lemme see your 'fleece', girl!!Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-7982981413278241287.post-78776943397449967022010-04-28T16:53:04.481-06:002010-04-28T16:53:04.481-06:00ECB and the Fed. Let's not forget that the U...ECB and the Fed. Let's not forget that the U.S. is in much worse shape than Europe.<br /><br />http://jsmineset.com/2010/04/28/in-the-news-today-527/Dave in Denverhttps://www.blogger.com/profile/03016238915167131989noreply@blogger.comtag:blogger.com,1999:blog-7982981413278241287.post-59369572624227458952010-04-28T16:34:40.527-06:002010-04-28T16:34:40.527-06:00I sense a distinct possibility of QE from the ECB....I sense a distinct possibility of QE from the ECB.<br /><br />Nice for gold.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-7982981413278241287.post-17624746188759036802010-04-28T14:57:20.420-06:002010-04-28T14:57:20.420-06:00Here ya go:
http://www.gata.org/files/PollittMark...Here ya go:<br /><br />http://www.gata.org/files/PollittMarketLetter-04-19-2010.pdfDave in Denverhttps://www.blogger.com/profile/03016238915167131989noreply@blogger.comtag:blogger.com,1999:blog-7982981413278241287.post-4377444301848118312010-04-28T14:23:05.613-06:002010-04-28T14:23:05.613-06:00Dave, where did you get this quote from?
"Jus...Dave, where did you get this quote from?<br />"Just imagine what would happen if a mere ten percent of the money currently going into bonds were instead to go into gold. As in 1972, the real move has yet to begin."<br /><br />Do you have a link to the article? Thanks!Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-7982981413278241287.post-3768863709842391842010-04-28T13:41:59.518-06:002010-04-28T13:41:59.518-06:00Good question. Primarily because this is what is ...Good question. Primarily because this is what is known as "roll" week in the futures market. The last day you can hold May silver contracts is tomorrow, unless you fully fund your account for delivery. Since most long positions are speculative funds who have no intention of taking delivery, there is usually heavy selling in the week prior to "first notice" which is this Friday.<br /><br />Typically the gold/silver manipulators (JPM, HSBC, GS, etc) will try to force the market lower during "roll" week, because they know they have a large amount of natural sellers. <br /><br />In fact, it can be argued that silver is performing much better than usual right now and I think because it seems that a large number of the longs are rolling forward to the next front-month, which is silver.<br /><br />Typically in the past, on a day like today during roll week when you wake up and silver is getting hammered, it just stays down. Silver has been bouncing back all during the last trading week.Dave in Denverhttps://www.blogger.com/profile/03016238915167131989noreply@blogger.comtag:blogger.com,1999:blog-7982981413278241287.post-83859568490761117472010-04-28T13:32:29.197-06:002010-04-28T13:32:29.197-06:00Dave,
Any thoughts as to why gold and silver have ...Dave,<br />Any thoughts as to why gold and silver have been moving in opposite directions to each other the last couple of days?Sam....https://www.blogger.com/profile/06484121635105358100noreply@blogger.com