tag:blogger.com,1999:blog-4490468598422095060.post7031780245563161168..comments2024-03-17T07:55:12.096-07:00Comments on FOFOA: Open (Window?) ForumFOFOAhttp://www.blogger.com/profile/17152544684132776239noreply@blogger.comBlogger640125tag:blogger.com,1999:blog-4490468598422095060.post-38713470509576187042013-04-26T18:34:11.353-07:002013-04-26T18:34:11.353-07:00Hmm, looks like ZeroHedge has been reading FOFOA:
...Hmm, looks like ZeroHedge has been reading FOFOA:<br />http://www.zerohedge.com/news/2013-04-26/jpmorgan-accounts-993-comex-gold-sales-last-three-months<br /><br />"The GLD works much like a coat check. Unless you think checking your coat constitutes a real transaction of some kind you shouldn’t think of changes in the GLD’s gold holdings as sales. They’re not. When you check your gold intoJames Andersonhttps://www.blogger.com/profile/12452498191894609024noreply@blogger.comtag:blogger.com,1999:blog-4490468598422095060.post-41080517600011089802013-04-24T09:31:35.920-07:002013-04-24T09:31:35.920-07:00DM,
"Milamber, I think making it further dow...DM,<br /><br /><i>"Milamber, I think making it further down the trail is the implicit goal of virtually all here more than a little while."</i><br /><br />I disagree. <br /><br />I think that some here want to crap all over the trail. <br /><br />Some of course do it unintentially before they realize a few key concepts. (I put myself & quite a few others in this category). Some do milamberhttps://www.blogger.com/profile/17412309240173757052noreply@blogger.comtag:blogger.com,1999:blog-4490468598422095060.post-22977047653625489652013-04-23T08:02:31.365-07:002013-04-23T08:02:31.365-07:00Hi DM,
Not sure if you've read this comment f...Hi DM,<br /><br />Not sure if you've read this comment from Ender from one of FOFOA's first posts, but I think it helps illuminate your question to #2, how we get from $IMFS to FG. One of the key points I take away from his comment is that FG is not a 'solution' but rather what will naturally unfold given the death of the $IMFS. It merely seems like a 'solution' in the Nickhttps://www.blogger.com/profile/17775808828525671894noreply@blogger.comtag:blogger.com,1999:blog-4490468598422095060.post-76532318256846873232013-04-23T07:45:44.405-07:002013-04-23T07:45:44.405-07:00Archer,
"There is plenty of U.S. government ...Archer,<br /><br />"There is plenty of U.S. government archive material available from decades past that makes it abundantly plain that the biggest producers on the planet, namely The Saudis, were quite keen on gold."<br /><br />More assertions but no evidence. Got any links?<br /><br />Dante_Eu,<br /><br />"Would you call ECB a giant? FED? BOJ? PBoC? BuBa? CBR? ... "<br /><brAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-4490468598422095060.post-86873463492042403052013-04-23T04:24:13.788-07:002013-04-23T04:24:13.788-07:00Matrix Sentry, I (and I would guess others) took y...Matrix Sentry, I (and I would guess others) took your 'We are in the home stretch' to be a reference to the implosion of the $IMFs and replacement by FG. If you mean sometime in the next decade and a half due to the cycle in your personal life, than the question is moot. <br /><br />Milamber, I think making it further down the trail is the implicit goal of virtually all here more than aAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-4490468598422095060.post-41554561302375743562013-04-22T19:15:31.138-07:002013-04-22T19:15:31.138-07:00So GLD is continuing, and possibly even accelerati...So GLD is continuing, and possibly even accelerating the drain.<br /><br />My question: Is there any stick save of GLD that anyone can see in the offing? Or is this pig going to just bleed out?<br /><br />CheersbyiamBYounghttps://www.blogger.com/profile/13175869237170162943noreply@blogger.comtag:blogger.com,1999:blog-4490468598422095060.post-20606703181180311232013-04-22T17:26:59.687-07:002013-04-22T17:26:59.687-07:00This is all going to end very soon, and the price ...This is all going to end very soon, and the price of gold will not matter.<br /><br />The most important indicator is the GLD which is bleeding very fast. If this continues, and there is nothing that is stopping it, it will be empty soon, within 2-3 months.<br /><br />If that happens, gold cannot be redeemed for GLD. GLD will turn worthless. You cannot buy gold, because there is nobody to provideAnand Srivastavahttps://www.blogger.com/profile/15616369007370348265noreply@blogger.comtag:blogger.com,1999:blog-4490468598422095060.post-46107449964672552112013-04-22T17:25:07.689-07:002013-04-22T17:25:07.689-07:002/2
As it relates to the existence of Giants, I w...2/2<br /><br />As it relates to the existence of Giants, I will tell you that in my studies, I have come to the conclusion that the only evidence we are going to have of these giants and their gold deals is if Wikileaks digs something up that someone forgot to bury, That's it. There will be no direct evidence that you can point to and say,<br /><br />AHAH! GIANT!!!!!!!<br /><br />Since I milamberhttps://www.blogger.com/profile/17412309240173757052noreply@blogger.comtag:blogger.com,1999:blog-4490468598422095060.post-71187458959911173292013-04-22T17:22:10.730-07:002013-04-22T17:22:10.730-07:001/2
@ DM,
In answer to your question, "what...1/2<br /><br />@ DM,<br /><br /><i>In answer to your question, "what am I getting at?" is to try to make it further down the trail.</i><br /><br />Great. Welcome. Why didn't you state that at the beginning? Instead all sorts of people tried to help you (including FOFOA & Costata among others) and after they had politely pointed you in the right direction on the trail, you came milamberhttps://www.blogger.com/profile/17412309240173757052noreply@blogger.comtag:blogger.com,1999:blog-4490468598422095060.post-82128872757435410572013-04-22T16:48:42.138-07:002013-04-22T16:48:42.138-07:00First off, the GLD has internal bleeding - Down 19...First off, the GLD has internal bleeding - Down 19 tonnes.<br /><br />Second, has anyone given any thought to the Strategic Petroleum Reserve as a management tool for gold (ie. oil/gold flow in opposite directions)? There are approx. 727 million barrels, which at a 16 Gold/Oil ratio equates to 1400 tonnes. I thought the 2011 SPR release was curious and this post sparked my interest on timing, Hill Chttps://www.blogger.com/profile/13276001705822097073noreply@blogger.comtag:blogger.com,1999:blog-4490468598422095060.post-60690640832619557682013-04-22T16:18:06.284-07:002013-04-22T16:18:06.284-07:00Ae,
X could be withheld production, or overprice...Ae, <br /><br />X could be withheld production, or overpriced production. Can't you imagine their situation? What would you do, waste your production?<br /><br />FOFOA: Straight from two ministers of finance, "We would rather keep the oil than have the paper money." We thank you for that insight.<br /><br /><br />Jeffhttps://www.blogger.com/profile/08785185950964767294noreply@blogger.comtag:blogger.com,1999:blog-4490468598422095060.post-30482549490659474092013-04-22T15:32:44.247-07:002013-04-22T15:32:44.247-07:00@Spaul67,
I agree, but what if debt is saved by u...@Spaul67,<br /><br /><i>I agree, but what if debt is saved by using the cash of others, and not by just printing more? That is what Cyprus is screaming at me.</i><br /><br />Cyprus tells me two things:<br /><br />1. The ECB is letting everyone know that the bank is not for storing wealth<br />2. The Euro doesn't need to save any and all debts. It can let some deflate. the goal is no more thanmilamberhttps://www.blogger.com/profile/17412309240173757052noreply@blogger.comtag:blogger.com,1999:blog-4490468598422095060.post-1364141710649498202013-04-22T14:33:39.138-07:002013-04-22T14:33:39.138-07:00@athrone:
"As far as I understand, this is a...@athrone:<br /><br /><i>"As far as I understand, this is an assertion not a fact. There is no proof that this statement is true."</i><br /><br />Would you call <b>ECB</b> a giant? <b>FED</b>? <b>BOJ</b>? <b>PBoC</b>? <b>BuBa</b>? <b>CBR</b>? ... Dante_Euhttps://www.blogger.com/profile/13208538005188466169noreply@blogger.comtag:blogger.com,1999:blog-4490468598422095060.post-66202585584931047532013-04-22T14:25:58.555-07:002013-04-22T14:25:58.555-07:00BTW, apropos of MatrixSentry's mention of copi...BTW, apropos of MatrixSentry's mention of copious can kicking, I'd like to present <a href="http://www.ft.com/intl/cms/s/0/52d23fa6-aa98-11e2-bc0d-00144feabdc0.html#axzz2R9W0cN7s" rel="nofollow">this</a> as the most recent example by the U.S. government of kicking the can.<br /> <br /><br /> Archerhttps://www.blogger.com/profile/06371543262980512422noreply@blogger.comtag:blogger.com,1999:blog-4490468598422095060.post-51215673550782146872013-04-22T14:02:39.250-07:002013-04-22T14:02:39.250-07:00athrone wrote:
As far as I understand, this is an...athrone wrote:<br /><br /><i>As far as I understand, this is an assertion not a fact. There is no proof that this statement is true.</i><br /><br />There is plenty of U.S. government archive material available from decades past that makes it abundantly plain that the biggest producers on the planet, namely The Saudis, were quite keen on gold. There is no reason to believe that their preferred Archerhttps://www.blogger.com/profile/06371543262980512422noreply@blogger.comtag:blogger.com,1999:blog-4490468598422095060.post-87335151431588565392013-04-22T13:57:42.966-07:002013-04-22T13:57:42.966-07:00do they actually understand, but intentionally mis...<i>do they actually understand, but intentionally misstate what is going on? And if so, why? </i><br /><br />It probably doesn't matter - the cynical (myself) might says Sinclair's <b>MOPE</b> (Management of Perspectives) or Rickards '<b>Behavior Economic</b>' description. In realty that are 'dumb' and parroting either the shills or the Keynesian ideologues. Journalists tEONhttps://www.blogger.com/profile/15077920840657112941noreply@blogger.comtag:blogger.com,1999:blog-4490468598422095060.post-51333644660873311742013-04-22T13:40:12.315-07:002013-04-22T13:40:12.315-07:00What is X in your mind?
Sorry - I don't mean ...<i> What is X in your mind? </i><br />Sorry - I don't mean to butt-in. I believe that Giants have always saved in Gold (and land <i>and</i> fine art) as a hedge against... anything (you name it - inflation, deflation, stagflation etc.). They don't gamble on things like a higher SGR.<br />The '<b>X</b>' might be considered to be their <b>removal</b> of support of the paper (PM) tEONhttps://www.blogger.com/profile/15077920840657112941noreply@blogger.comtag:blogger.com,1999:blog-4490468598422095060.post-37033988467417931442013-04-22T13:08:29.246-07:002013-04-22T13:08:29.246-07:00Again!
I scan a lot of different articles about g...Again!<br /><br />I scan a lot of different articles about gold, even the ones that seem a little dopey. The Reuters article below (like so many others seem to do) gets the meaning of the drawing down of gold ETFs exactly backwards:<br /><br />"Gold jumped more than 1 percent on Monday after a rebound above $1,400 ignited technical buying, but sentiment was shaky as steady outflows from byiamBYounghttps://www.blogger.com/profile/13175869237170162943noreply@blogger.comtag:blogger.com,1999:blog-4490468598422095060.post-79345363944918301842013-04-22T12:36:56.340-07:002013-04-22T12:36:56.340-07:00DM,
Instead of why I think we are in the home str...DM,<br /><br />Instead of why I think we are in the home stretch, a better question might have been when do I think Freegold will likely be a reality. My home stretch will not be your home stretch unless by some coincidence we have identical knowledge of history, with the exact interpretation of message, and the same life experiences that lead us to the same future projections in the future.<br /MatrixSentryhttps://www.blogger.com/profile/09596302565970318340noreply@blogger.comtag:blogger.com,1999:blog-4490468598422095060.post-1001976429043840662013-04-22T12:04:10.411-07:002013-04-22T12:04:10.411-07:00Jeff,
I would love to see evidence of giants sav...Jeff,<br /> I would love to see evidence of giants saving in gold, especially them paying above spot for it. But set that aside or have a conversation with athrone about it. <br />What I would ask is if giants save in gold currently, and we are not already in FG, FG requires, "giants saving in gold and X" What is X in your mind?<br /><br />Daedalus Mugged (aka DM)Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-4490468598422095060.post-79725103989988503322013-04-22T10:14:35.771-07:002013-04-22T10:14:35.771-07:00Sir Tagio,
Yes Big Problem, and that was indeed m...Sir Tagio,<br /><br />Yes Big Problem, and that was indeed my thinking. Am wondering if this is the correct way to frame the current environment.<br /><br />Thank you for your feedback,<br /><br />vVictoryhttps://www.blogger.com/profile/05302781562606354091noreply@blogger.comtag:blogger.com,1999:blog-4490468598422095060.post-75470025549605478462013-04-22T10:02:59.687-07:002013-04-22T10:02:59.687-07:00If you don't save in hard assets are you reall...If you don't save in hard assets are you really a saver at all. This may be a harsh lesson learned soon. Racking up claims in the system and investments chasing a yield do not scream savings to me.Samhttps://www.blogger.com/profile/10367798579558760660noreply@blogger.comtag:blogger.com,1999:blog-4490468598422095060.post-37946057085671209192013-04-22T09:58:44.350-07:002013-04-22T09:58:44.350-07:00@Victory,
Ah, yes I see your question now. Before...@Victory,<br />Ah, yes I see your question now. Before the foreign surplus would be recycled into Treasuries and sterlize the problem. What is happening now that they are ot being recycled back into Treasuries? Don't know, but the build up of this amount either being used to purchase of US assets or foreign assets and not recycled into Treasuries will eventually create a problem for the Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-4490468598422095060.post-36446455327588529632013-04-22T09:44:30.356-07:002013-04-22T09:44:30.356-07:00Jeff,
"Giant savers already save in gold.&qu...Jeff,<br /><br /><i>"Giant savers already save in gold."</i><br /><br />As far as I understand, this is an assertion not a fact. There is no proof that this statement is true.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-4490468598422095060.post-53985708890774788032013-04-22T09:36:48.844-07:002013-04-22T09:36:48.844-07:00Robert-
Unless I'm buying online (don't do...Robert-<br />Unless I'm buying online (don't do that anymore), I'm stuck with what is available locally. If all my guy has is eagles, I'll take it and I pay price little attention (in the last couple years SMILE).<br /><br />I do always try to get the most weight for my bux so I will but anything that is cheaper.<br /> <br />My brother though, only wants US mint stuff.<br />Like Tommy2Tonehttps://www.blogger.com/profile/16133943613008149092noreply@blogger.com