Re: Latest gold manipulation scheme story supresses gold price
Just a thought : you chart the price of gold against single variables each time, $, CPI, volatility, etc, and find timeslices where the price of gold does not correlate. What that proves is that gold does not correlate 100% with one variable, but it certainly leaves open the possibility that gold does correlate to a combination of two(or more) variables - let's say dollar and volatility. At some point the gold trend due to dollar movement is stronger and overwhelms the trend due to volatility. This looks like a gold price mis-correlation to volatility but it really is not, it's gold being moved _more_ by a strong dollar trend as opposed to a weak volatility trend, and maybe in the opposite direction. I'm sure you've thought things through in this way, any comments ? The problem with describing gold as the "perfect hedge for government mismanagement of the economy" is it makes gold investing very very subjective. I might get bent out of shape by Obamacare, while someone else thinks it's a great idea, either way it's hard to play it as an _investor_.
Disclaimer : I'm just using $ and volatility to illustrate my point, and not picking them as the prime reasons for gold movement.
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Eric King Interviews Whistleblower Andrew Maguire And Adrian Douglas Of GATA
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Re: Eric King Interviews Whistleblower Andrew Maguire And Adrian Douglas Of GATA
Originally posted by leegs View PostWhat is the current 'average' premium for physical gold, say coins, relative to spot price? How does this compare to say 1 year ago.
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Latest gold manipulation scheme story supresses gold price
Gold can be manipulated like anything else for short periods of time.
Who cares?
For every 1000 articles about gold you will find one that sticks to the simple truth.
The gold manipulation story is a tried and true distraction from a far more damning story: gold has outperformed stocks and bonds for a decade.
Gold has out-performed stocks every year since 2001 when we bought it.
Not only has gold outperformed socks but it has done so with less volatility than stocks.Why? Because of interest rates?
No. Gold does not always correlate to interest rates.Because the market has been volatile?
No. Gold does not always correlate to market volatility.Because the dollar is weakening?
No. Sometimes gold correlates to the dollar and at other times it doesn't.Because of inflation?
No. Sometimes gold correlates to CPI and at other times it doesn't.
Because gold is manipulated by investment banks?
No. That can only explain short term price movements.
The gold price manipulation story is as old and tired as the gold bubble story.
Gold has been a "bubble" in the mainstream business press at least three times since 2006.
Recent stories of gold price manipulation and reports of a murder attempt on the life of a supposed gold manipulation scheme whistle blower do serve one purpose: they reinforce the view of 95% of the investing public that gold investing is the realm of crackpots and conspiracy theorists.
The simple and elegant truth of gold investing as the perfect hedge for government mismanagement of the economy is lost in the mayhem created by the gold investing community itself. Can this possibly have any other result than reducing the pool of potential retail buyers and thus the price?
We have met the enemy and he is us.Last edited by FRED; April 01, 2010, 09:53 PM.
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Re: Eric King Interviews Whistleblower Andrew Maguire And Adrian Douglas Of GATA
What is the current 'average' premium for physical gold, say coins, relative to spot price? How does this compare to say 1 year ago.
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Re: Eric King Interviews Whistleblower Andrew Maguire And Adrian Douglas Of GATA
Originally posted by Rajiv View PostThe same thing can be said for stock ownership. If you do not have the authenticated stock certificate in your custody, with yourself as the registered owner of the stock in the company records, then you are really not an owner of the stock.
<object width="480" height="385"><param name="movie" value="http://www.youtube.com/v/u6-NHK-GzwU&hl=en_US&fs=1&"></param><param name="allowFullScreen" value="true"></param><param name="allowscriptaccess" value="always"></param><embed src="http://www.youtube.com/v/u6-NHK-GzwU&hl=en_US&fs=1&" type="application/x-shockwave-flash" allowscriptaccess="always" allowfullscreen="true" width="480" height="385"></embed></object>
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Re: Eric King Interviews Whistleblower Andrew Maguire And Adrian Douglas Of GATA
I don't know how US citizens or residents would buy CEF
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Re: Eric King Interviews Whistleblower Andrew Maguire And Adrian Douglas Of GATA
FYI, CEF is regularly audited. Their bullion is held by Scotiabank, which purchased Mocatta, one of the bad, bad, bad guys in the Hunt fiasco (Mocatta insiders were alleged to be instrumental in the illegal rule changes), and Mocatta is an LBMA member but
1. CEF is physically audited every year
2. Ted Butler has lain low on Scotiabank for some time now, after being hot on their tails for more than a couple of years.
3. Ted (and Puplava, Eric King and Dave Morgan, whose letter I got for several years a while back) never had anything bad to say about CEF, at least during the time I listened to them.
The Sprott fund might also be a good alternative.
I don't know how US citizens or residents would buy CEF or Sprott's fund.
And if you want a stock, Silver Standard was the mining company that seemed to see the value in Silver more than any other. They were the ones that AFAIK started the whole idea of accumulating in-ground resources and not producing them while the asset was undervalued. Unlike, for example, PAAS and Hecla and Coeur (basically any Silver producer) that was shoveling it out of the ground at far below its "true" value. (talking half my own book - I bought the PAAS before I realized this, and now I don't want to incur the tax to switch to SSRI.)
Originally posted by jtabeb View PostHands MAN!!!!!!!!!!
Perth mint Same! Kitco storage account Same!
Anything else I HAVE TO ADD?!?!?!?!??!?
:mad::mad::mad::mad::mad::mad::mad::mad::mad::mad: :mad::mad::mad::mad::mad::mad::mad::mad::mad::mad: :mad::mad:
<img src="http://itulip.com/forums/images/icons/icon10.gif"><img src="http://itulip.com/forums/images/icons/icon10.gif"><img src="http://itulip.com/forums/images/icons/icon10.gif">Last edited by Spartacus; April 01, 2010, 06:30 PM.
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Re: Eric King Interviews Whistleblower Andrew Maguire And Adrian Douglas Of GATA
Originally posted by icm63 View Post
-G
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Re: Eric King Interviews Whistleblower Andrew Maguire And Adrian Douglas Of GATA
Hm, thanks for the info. It doesn't seem to be the problem for me though. Same problem if typed in manually. The link TO Zerohedge works fine. But I can't link to the interview from there nor by the direct link. But at least now I know it's a problem from here but not necessarily for others.
Edit: OK I solved the problem. I just went to the KingWorldNews main page and found the interview from there.Last edited by pianodoctor; April 01, 2010, 10:38 AM.
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Re: Eric King Interviews Whistleblower Andrew Maguire And Adrian Douglas Of GATA
they work fine for me - it could be that the length of the url is causing the problem for you by splitting the url across line breaks.
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Re: Eric King Interviews Whistleblower Andrew Maguire And Adrian Douglas Of GATA
Originally posted by jtabeb View PostWow, 100-1 leverage in the paper gold market. (So if this fails. does the price go up or down?)
http://www.zerohedge.com/article/eri...n-douglas-gata
http://www.kingworldnews.com/kingwor..._Douglass.html
Am I the only one experiencing this? No one here else seems to be mentioning having the problem.
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Re: Eric King Interviews Whistleblower Andrew Maguire And Adrian Douglas Of GATA
Originally posted by Sharky View PostAs jtabeb says, if you don't hold it, you don't truly own it.
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Re: Eric King Interviews Whistleblower Andrew Maguire And Adrian Douglas Of GATA
Your thinking on BV makes sense to me, Sharky. Thanks.
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Re: Eric King Interviews Whistleblower Andrew Maguire And Adrian Douglas Of GATA
Originally posted by ThePythonicCow View PostBut have you any additional information to impart that would cast doubt on BV's gold? BV does claim to have and hold allocated bars. Are you suggesting they're lying, or are you suggesting that their gold might be (for all intents and purposes) stolen?
The concern that eventually arose for me is similar to keeping valuables in a safe deposit box. If the government knows where that kind of thing is located, then there's nothing in principle to stop them from intervening at some point in some way: preventing sales, confiscating holdings, preventing or intercepting funds transfers, etc. Even with allocated ownership, and even though BV is not a US company, there is still tremendous political pressure that could be applied.
There is also, of course, some (small) risk that the people running BV are crooks, and they have put together a very elaborate fraud. I was willing to accept those risks for quite a while, but after the amount of market intervention and associated obvious government fraud and deception reached insane levels last year, the situation fundamentally changed for me; I changed my mind and pulled out.
As jtabeb says, if you don't hold it, you don't truly own it.
Originally posted by icm63 View PostI am going to get my stuff here : www.newzealandmint.com and put it under the bed
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Re: Eric King Interviews Whistleblower Andrew Maguire And Adrian Douglas Of GATA
Dude, if your are GOING TO BUY IT, OWN IT AND HOLD IT, For GOD's sake?!?
Okay?
How much more LACK of trust do you need.
Capice?
Did I mention
Bigger than MADOFF:confused:
Ponzi:eek:
100-1 leverage, :eek::eek::eek:
Anything else I HAVE TO ADD?!?!?!?!??!?
I am going to get my stuff here : www.newzealandmint.com and put it under the bed
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