Eric King Interviews Whistleblower Andrew Maguire And Adrian Douglas Of GATA

[pksubs]

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.

[LargoWinch]

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.

to my knowledge leegs, the premium varies between 1.5% to 2.5% and remain unchanged since last year.

[EJ]

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.

[leegs]

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.

[flintlock]

Re: Eric King Interviews Whistleblower Andrew Maguire And Adrian Douglas Of GATA

The 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.

Holding large amounts of physical gold has risks too. The same way driving through the wrong neighborhood in a Bentley does. People will notice when you are grilling steaks while they are boiling their shoes for dinner. Yeah, yeah, you'll all keep it on the low down right?. Until some jealous girlfriend rats you out and your life becomes like a Guy Ritchie movie.

<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>

[ThePythonicCow]

Re: Eric King Interviews Whistleblower Andrew Maguire And Adrian Douglas Of GATA

I don't know how US citizens or residents would buy CEF

CEF (and it's all-gold brother, GTU) trade on the American Stock Exchange (AMEX), so are available through ordinary stock brokers to Americans.

[Spartacus]

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.)

Hands 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:

Don't keep it all bottled up inside, please tell me how you REALLY feel.
<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">

[globaleconomicollaps]

Re: Eric King Interviews Whistleblower Andrew Maguire And Adrian Douglas Of GATA

I HEAR YEEE

I am going to get my stuff here : www.newzealandmint.com and put it under the bed

Have you seen these guys with the long sticks poking all over your yard? They come into my yard about 2-3 AM and knock over the trash cans. They have been doing a pretty good job aerating the lawn. It's not a problem for me because I have the wife stay home with the baby all day and we shoo them out together at night.

-G

[pianodoctor]

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.

[Rajiv]

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.

[pianodoctor]

Re: Eric King Interviews Whistleblower Andrew Maguire And Adrian Douglas Of GATA

Wow, 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

I tried these links when this thread first appeared but the links were dead. Got error message 'connection was reset'. I thought, "OK, tech glitch, I'll try later". Here it is 4/1 and it's still dead.

Am I the only one experiencing this? No one here else seems to be mentioning having the problem.

[Rajiv]

Re: Eric King Interviews Whistleblower Andrew Maguire And Adrian Douglas Of GATA

As jtabeb says, if you don't hold it, you don't truly own it.

The 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.

[ThePythonicCow]

Re: Eric King Interviews Whistleblower Andrew Maguire And Adrian Douglas Of GATA

Your thinking on BV makes sense to me, Sharky. Thanks.

[Sharky]

Re: Eric King Interviews Whistleblower Andrew Maguire And Adrian Douglas Of GATA

But 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?

I did business with BV for some time, then closed my account about a year ago. The reason I did so was not because I didn't believe they have the gold as they say they do. I did a fair amount of due diligence before opening my account: I read their audit reports in detail, reviewed their vaulting agreements, etc, etc.

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.

I am going to get my stuff here : www.newzealandmint.com and put it under the bed

I've dealt with them. Even though they are a private company and not government-sponsored as their name might imply, they are a first-class act; totally professional; highly recommended. One thing I don't like is that their bullion coins (the "Kiwi") are not legal tender. Also, they are packaged individually in silly plastic pouches with cardboard that make them look like something you'd find in a tourist shop. However, for those of us living in NZ or Oz, though, hopefully they will be a little more liquid than something like US Buffaloes (only 0.999+ coins are viable here; anything less gets hit with the 12.5% GST tax).

[icm63]

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 HEAR YEEE

I am going to get my stuff here : www.newzealandmint.com and put it under the bed