tag:blogger.com,1999:blog-4490468598422095060.post1133560705618198390..comments2024-03-17T07:55:12.096-07:00Comments on FOFOA: The FuneralFOFOAhttp://www.blogger.com/profile/17152544684132776239noreply@blogger.comBlogger657125tag:blogger.com,1999:blog-4490468598422095060.post-28787159970920678012013-08-15T02:40:10.535-07:002013-08-15T02:40:10.535-07:00More comedy gold.
"Now I hardly look at it b...More comedy gold.<br /><br />"Now I hardly look at it because it has become irrelevant."<br /><br />That's right - the price at which participants around the world are exchanging (admittedly, claims on) gold, the thing that this blog is about, is... wait for it... "irrelevant".<br /><br />Not "the price of gold should be looked at in conjunction with other factors, Kid Salamihttps://www.blogger.com/profile/03032699716171669184noreply@blogger.comtag:blogger.com,1999:blog-4490468598422095060.post-76127243122963034502013-08-14T00:49:49.861-07:002013-08-14T00:49:49.861-07:00To be clear, I don't think the yuan may devalu...To be clear, I don't think the yuan may devalue versus USD <i>at the end of this cycle</i>, but I see the system as rotting from the outside in. The yuan, among other currencies, will revalue first and each one that falls brings us one step closer to USD revaluation. Western bankers and politicians would crow if the yuan collapes, but they'd be facing a yuan heavily backed by gold and a LZhttps://www.blogger.com/profile/05082516166181943903noreply@blogger.comtag:blogger.com,1999:blog-4490468598422095060.post-88471899760142693372013-08-14T00:38:40.812-07:002013-08-14T00:38:40.812-07:00@M
Yes, the US devalued against gold. China is ad...@M<br /><br />Yes, the US devalued against gold. China is adding gold reserves, but it's biggest asset is still Treasuries. So does the U.S. in 1929, with a huge pile of gold and a credit bubble, look better or worse than China in 2013 with a pile of USTs and an even bigger credit bubble?LZhttps://www.blogger.com/profile/05082516166181943903noreply@blogger.comtag:blogger.com,1999:blog-4490468598422095060.post-9555060704140823992013-08-13T21:59:28.238-07:002013-08-13T21:59:28.238-07:00I know that the Turd`s site is not held in high re...I know that the Turd`s site is not held in high regard around here. But still <a href="http://www.tfmetalsreport.com/blog/4929/reconciliation" rel="nofollow">this analysis</a> makes you think what is the point of the big four US bullion banks to go long COMEX futures if they would be ultimately cashed out say at 300 $ POG?Bright aurumhttps://www.blogger.com/profile/16783154684850533212noreply@blogger.comtag:blogger.com,1999:blog-4490468598422095060.post-49245581278023190532013-08-13T21:54:02.043-07:002013-08-13T21:54:02.043-07:00This comment has been removed by the author.Bright aurumhttps://www.blogger.com/profile/16783154684850533212noreply@blogger.comtag:blogger.com,1999:blog-4490468598422095060.post-29458501752573118672013-08-13T21:52:18.915-07:002013-08-13T21:52:18.915-07:00This comment has been removed by the author.Bright aurumhttps://www.blogger.com/profile/16783154684850533212noreply@blogger.comtag:blogger.com,1999:blog-4490468598422095060.post-56440132426582340002013-08-13T19:31:50.026-07:002013-08-13T19:31:50.026-07:00Thanks Woland,
"The essence of the problem t...Thanks Woland,<br /><br />"<i>The essence of the problem that Zijlstra kept pointing at cannot be dismissed: gold disciplines the external spendthrift of nations. Remove the check that enforces a balance and a chronic imbalance follows. It is precisely this aspect that defines Zijlstra a proponent of an impartial application of rules for governments to abide by, whether one country considersIndenturehttps://www.blogger.com/profile/01765884399143814933noreply@blogger.comtag:blogger.com,1999:blog-4490468598422095060.post-23896724605723537092013-08-13T19:04:25.201-07:002013-08-13T19:04:25.201-07:00@byiambyoung
Well said.
These are boring times....@byiambyoung<br /><br />Well said. <br /><br />These are boring times.... Mhttps://www.blogger.com/profile/14298632737279907377noreply@blogger.comtag:blogger.com,1999:blog-4490468598422095060.post-5492129214666535002013-08-13T18:22:21.928-07:002013-08-13T18:22:21.928-07:00@ ampmfix,
I more than share your frustration.
...@ ampmfix,<br /><br />I more than share your frustration. <br /><br />I used to watch the POG. Now I hardly look at it because it has become irrelevant.<br /><br />I watched the GOFO go tits up. Now it just sits there.<br /><br /><br />I watched GLD drain and drain and drain. I bet it will keep draining like this on into the distant future. I thought it would accelerate. Well, there's abyiamBYounghttps://www.blogger.com/profile/13175869237170162943noreply@blogger.comtag:blogger.com,1999:blog-4490468598422095060.post-49664363220262898922013-08-13T17:23:48.398-07:002013-08-13T17:23:48.398-07:00Nice magazine analogy.
I knew an old lady that ha...Nice magazine analogy.<br /><br />I knew an old lady that had senile dementia and her family kept feeding her the same magazine over and over.<br /><br />Maybe she saw something new each time around? or maybe not?<br /><br />Not sure that is very different from our garbage fed lives. Let's have the change, likable or not!ampmfixhttps://www.blogger.com/profile/01228037724843795541noreply@blogger.comtag:blogger.com,1999:blog-4490468598422095060.post-27537428265555071272013-08-13T16:31:55.167-07:002013-08-13T16:31:55.167-07:00@ Michael dV,
" It is like loosing a friend ...@ Michael dV,<br /><br />" It is like loosing a friend who dies far away, you think of him as living because you have not yet received word he has died."<br /><br />Nice analogy. Our other dear old friend sure has been looking kind of green (pun intended) lately, too, hasn't he? News of his passing will no doubt also be a surprise, but not altogether unexpected.<br /><br />The byiamBYounghttps://www.blogger.com/profile/13175869237170162943noreply@blogger.comtag:blogger.com,1999:blog-4490468598422095060.post-15913503122720488462013-08-13T13:02:46.342-07:002013-08-13T13:02:46.342-07:00Mr Dange is probably just not that important. If h...Mr Dange is probably just not that important. If he was one of the 'right people' (Saudis, Chinese or other super producer) there would be an effort made to see to it that Mr. Dange got his gold. <br />The metal is in low supply. Demand for physical is high. The paper price may have become irrelevant. <br />When one of the 'right people' does not get his gold...THEN we may see a Michael dVhttps://www.blogger.com/profile/12483224373093707424noreply@blogger.comtag:blogger.com,1999:blog-4490468598422095060.post-57057019129804053522013-08-13T12:48:13.993-07:002013-08-13T12:48:13.993-07:00@ Michael dV
You got it just about right, but is ...@ Michael dV <br />You got it just about right, but is the opposite of ending.<br />Keep on reading the stars :-)<br /><br />@KnallGold<br />I may not be right, still I`ve got the intuitive feeling that is the perceived 'volatility' that saves the 'gold market' this far, so the tide will turn when the time is right. You can brouse this blog for Costata`s bullion bank spider web Bright aurumhttps://www.blogger.com/profile/16783154684850533212noreply@blogger.comtag:blogger.com,1999:blog-4490468598422095060.post-23131206026667618302013-08-13T10:55:34.999-07:002013-08-13T10:55:34.999-07:00The rest of the world paid for US exports with gol...The rest of the world paid for US exports with gold back then. That is where the 20,000 tons came from. Mhttps://www.blogger.com/profile/14298632737279907377noreply@blogger.comtag:blogger.com,1999:blog-4490468598422095060.post-37630696947910734532013-08-13T10:52:50.185-07:002013-08-13T10:52:50.185-07:00@ 2 Chinese Characters
What are you suggesting t...@ 2 Chinese Characters <br /><br />What are you suggesting the USD devalued against by that much in 1932? <br /><br />It certainly wasn't against a debtor nations fiat currency. Mhttps://www.blogger.com/profile/14298632737279907377noreply@blogger.comtag:blogger.com,1999:blog-4490468598422095060.post-5700503829468988982013-08-13T04:47:41.728-07:002013-08-13T04:47:41.728-07:00Mr. Dange must be buying a lot of physical and/or ...Mr. Dange must be buying a lot of physical and/or he must want it in very particular forms because yesterday he could have had, at a discount, in excess of 1/10 of a ton of Maple Leafs from Apmex.Edwardohttps://www.blogger.com/profile/03613197383283896190noreply@blogger.comtag:blogger.com,1999:blog-4490468598422095060.post-5421507746880602302013-08-13T03:12:43.150-07:002013-08-13T03:12:43.150-07:00Commodity trader Mihir Dange is now waiting 2 mont...Commodity trader Mihir Dange is now waiting 2 months to receive his physical, bought at 1200-1250, interesting numbers. And they begin to speak up ;-)<br /><br />http://www.bloomberg.com/video/trying-to-make-sense-of-the-gold-market-2WL2EiG7T62eesbObxnmRg.html<br /><br />Bright aurum, congrats for discipline and buying low. We were informed though that westerners start to buy Gold only when its KnallGoldhttps://www.blogger.com/profile/03078549691961474276noreply@blogger.comtag:blogger.com,1999:blog-4490468598422095060.post-15440183477017213502013-08-13T03:12:27.265-07:002013-08-13T03:12:27.265-07:00M,
How do you explain the 75% devaluation of the ...M,<br /><br />How do you explain the 75% devaluation of the U.S. dollar in 1932? It was the world's creditor nation. China is in the same position today as America was at the end of the 1920s: an undervalued currency built up huge currency reserves and now their trading partners are all devaluing.LZhttps://www.blogger.com/profile/05082516166181943903noreply@blogger.comtag:blogger.com,1999:blog-4490468598422095060.post-22503574275995801592013-08-12T22:26:16.664-07:002013-08-12T22:26:16.664-07:00bright a
would your last name end with ian?
That w...bright a<br />would your last name end with ian?<br />That would work out about right if I have the dates roughly right.Michael dVhttps://www.blogger.com/profile/12483224373093707424noreply@blogger.comtag:blogger.com,1999:blog-4490468598422095060.post-76465421782663559272013-08-12T21:01:03.432-07:002013-08-12T21:01:03.432-07:00M said...
...And in my opinion, once the exit from...M said...<br />...And in my opinion, once the exit from the bond market starts is when the real bull market in gold starts which will end in freegold...<br />So you`ll be joining the 10000 + to 300 +/- to freegold club, will you not?Bright aurumhttps://www.blogger.com/profile/16783154684850533212noreply@blogger.comtag:blogger.com,1999:blog-4490468598422095060.post-66874112118803483722013-08-12T20:53:51.055-07:002013-08-12T20:53:51.055-07:00@ enough
My country was 500 + years under a muslim...@ enough<br />My country was 500 + years under a muslim`s sultanate yoke so the knowledge of how these people think, their 'moral' code and strive in life it is kind of 'ancestral' to me. I was raised by my grand grandparents and one of my grand grandmothers was fleeing the massacres then. Bright aurumhttps://www.blogger.com/profile/16783154684850533212noreply@blogger.comtag:blogger.com,1999:blog-4490468598422095060.post-7789733752498179202013-08-12T20:04:24.250-07:002013-08-12T20:04:24.250-07:00When the Federal Reserve Bank is absorbed by the D...When the Federal Reserve Bank is absorbed by the Department of the Treasury, to what extent will it's debt be written off? Is there a tie in to the offshore accounts controlled for private profit, that will no longer facilitate the offshoring of jobs, downsizing of opportunity and outsourcing of common sense? Tapering is code for neutering of the Fed?michael3c2000https://www.blogger.com/profile/02603788929243707009noreply@blogger.comtag:blogger.com,1999:blog-4490468598422095060.post-22221862103810933192013-08-12T16:09:14.344-07:002013-08-12T16:09:14.344-07:00M,
Yes, The Fed's in a box. More precisely, t...M,<br /><br />Yes, The Fed's in a box. More precisely, the dollar faction is in a box. And the scenario I just described would involve money that is now going into stocks heading exclusively into U.S. debt instruments. If TA has anything to say about it, the ten year is poised to go higher since it's in a continuation pattern that appears to be working off its overbought condition. This Edwardohttps://www.blogger.com/profile/03613197383283896190noreply@blogger.comtag:blogger.com,1999:blog-4490468598422095060.post-14237304892898401062013-08-12T15:42:01.630-07:002013-08-12T15:42:01.630-07:00@ Edwardo
"The Fed would be relying on a fel...@ Edwardo<br /><br />"The Fed would be relying on a felicitous temporal correlation such that domestic institutional money takes up the slack for The Fed's reduced buying."<br /><br />Well the Fed is dreaming. Like usual..<br /><br />The threat of taper or even actual taper will scare the bond speculators away because there is no profit in buying in front of the Fed and selling to Mhttps://www.blogger.com/profile/14298632737279907377noreply@blogger.comtag:blogger.com,1999:blog-4490468598422095060.post-60801181717128322062013-08-12T15:11:18.964-07:002013-08-12T15:11:18.964-07:00aurum,
are you one of what you describe? Else how...aurum,<br /><br />are you one of what you describe? Else how would you know?enoughhttps://www.blogger.com/profile/11559197548302862165noreply@blogger.com