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Another Record For Euro-Denominated Gold
As the euro is plunging (and dollar by implication surging) with gold yet again flat and looking like it may turn positive for the day, gold denominated in euros just hit another all time record of €827.
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People are starting to catch on!
Gold folks!
No Doubt, and to think I sold 1/2 my position about 6 months ago :/
Will hold what I have into the next decade.
http://gold-and-stuff.blogspot.com/
Ain't no fever like GOLD fever...
I have believed for months that eventually the markets will crash without gold falling. I still think gold can have a substantial pullback however with a year a divergence will occur.
Already done.... 2008...2009... you got your pull back and divergence from the market. Over 2 years.
Deflation? Dow to Gold ratio 2:1 in the 30s
Inflation? Dow to Gold ratio 1:1 1980
Hope for Dow in real money? Weimar hyperinflation? Quickly followed by gold-backed currency?
Well, two can play that game. Gold and silver are the banks worst enemies so let's buy'em!
Another way to fleece the holders of physical gold ?????
http://www.prnewswire.com/news-releases/new-credit-card-coming-for-gold-bugs--golden-spike-might-be-just-what-ailing-economy-needs-85819387.html
More paper gold. 'They' must be getting VERY desperate to stop people from taking physical delivery.
ALWAYS take PHYSICAL delivery of gold and silver bullion.
OMG they are going to rape idiots of their gold. I hope people are not stupid enough to send these guys there gold for "Credit" with interest payments attached. Would be mind numbingly stupid. If people didn't pay the creditor they would keep their gold while only having credited out 75% of the value of the gold.
Sounds like something I wouldn't mind try doing as a service if I didn't think it was so damn evil.
Where is master bates? He will give us more encouragement and amusement.
Yes, I welcome MrWanker's comments. Even though he disagrees with most of us re gold, he does provide logic and thinking. I always like reading his comments.
I think that he should do some more reading of history and look at some other websites to learn more about gold. I think he only knows one side of the gold story.
But, his comments encourage us to think and make better posts (those, of course, who don't get their blood pressure cranked up!).
If by logical you mean obnoxiously repeating the same drivel over and over again, then yes, Mangina Bates is very "logical."
Its about to go vertical.
But-but-but-but-but-but-but-but-but Jamie Dimon told me that the European Union or the EU will not collapse. This can't be true!
It just goes to show that these crooks can't get away with it anymore and that Gold will always prevail!
Anyone hear about this? A credit card backed by physical gold? Isn't depositing gold in a bank vault in order to get credit defeating the purpose of owning gold in the first place?
http://www.prnewswire.com/news-releases/new-credit-card-coming-for-gold-...
I'm beginning to smell another rat.
The Delaware Depository Service Company is a COMEX warehouse. This is coinciding with a critical shortage of COMEX physical bullion.
https://marketforceanalysis.com/index_assets/COMEX%20Inventory%20Shows%2...
Trade ya some trash paper for gold.
Uh...how about fuck that?
If I did have gold, why in the hell would I tender it to a bank for secured lending when I can get freaking credit cards right now backed by nothing?
How about this...how about I go house all my cards buying bullion off ebay and then tender THAT for another credit card? lol. It's kinda like what the TARP banks did. Go stick someone else with the debt and turn the proceeds into assets of worth. Gonna use Chase and Citi as my very own discount window
The EUR is toast. Why buy gold when you can simply short the EUR?
You can short the EUR all you want, just be apprised any winnings will be paid to you in EUR as well.
Let's call 1000 EU/gold in about 3 months?
I'm going to say that's the new price.
That'll put $/gold about $1500
That's fine , considering most of the (that which was owned by the Serfs) American gold has already been CONfiscated through Cash-4-Gold in their desperation to pay the bills.
But Douchinger says to stockpile FRNs and he has his own website where everybody agrees with him.
How is the price of the Euro interpolated before the currency existed? I realize they could use Euro Zone currencies to approximate this, but that is not exactly the same thing as an actual market is it?
That is mighty parabolic--expect a correction at anytime.
It will be the dollar's turn to weaken soon, and gold will take a similarly parabolic rise denominated in FRN$.
Just wait until the hedgies are through with Greece, and put Kalifornia or ILL-inois in their cross-hairs.
Like shooting ducks in a barrel...
Yep...a lot of dollar longs and euro shorts will get mauled.
At this point, FX crosses are playing with nitroglycerin
The euro will crash? Compared to the $? Ridiculous. No nation wants to leave the Euro and return to their native currencies. Here is your euro and gold buying opportunity. Start buying.
wonder how many athletes from the poorer countries will sell their silver/gold medals?? even though the gold ones only have 6 grams of gold (92% silver.. how long will that last??)
http://wiki.answers.com/Q/What_is_the_value_of_an_Olympic_gold_medal
Gold bitches.
I'm waiting for the price of reggiano parmigiano to come down.
Seriously, right? How about some ultra-cheap feta? :-D
Everyone kinda wants to get in on the bullion trade without taking physical delivery. Gold is anti-trading.
An interesting way to play Euro declines is against the Yen. The Yen is appreciating against the $US and has been in a bull market since 2002. So if the Euro declines, then it means declining against the Yen as well.
gold is showing strength now tag-team, across currencies.
on Kitco you can watch in like a dozen of them. It's at or near highs also in the GBP. Meanwhile, the dollar strengthens versus *other fiat paper* but not against real things.
This must concern the shit out of paper bulls like Douchinger.
If the Euro *really* collapses, dollar bulls are not going to like the outcome. You *cannot* have the collapse of a major fiat currency like this without some in the nightclub next door thinking hey this fire might spread.
A major systemic paper collapse of *any* kind threatens ALL other paper; in this case because what will have collapsed the euro is the same structural and systemic fatality as infects the US - too much fking debt.
Once indebted sovereigns begin to default, how long before the 50 States and the US? Oh, I know, the paper bulls think the military and "reserve currency" will mean our paper always has "value." Horseshit. The solvent nations WILL figure something out and the ONLY thing maintaining the USD's relative worth is the reserve status. If that goes, the dollar will collapse as we have to start denominating our debt in FX or real things.
There is no fking way we are going to print the reserve currency in sufficient amounts to nominally repay our debts without serious pain. I've got bad news - the BOE can print too and is doing yet another round of QE. The JCB can as well and they have the side effect of being a *de facto* reserve currency as having been THE carry trade note of choice for nearly 20 years. How is this helping them at all?
The paper bulls claim that we cannot devalue because there is nothing to devalue against. If they have to take us onto a gold standard in order to effect a devaluation, then that is what they will do. The only alternative is default or riots so massive due to austerity that the government itself collapses.
Oh my god,:) Gold is ging up ? it must come down :)
SOROS said in January davos meeting "Gold is the Ultimate Bubble" ,
REMEMBER ?
.
Less than 2 months later we learn that Mr. SOROS Increased his Gold holdings:))))
http://www.bloomberg.com/apps/news?pid=20601109&sid=aFszao23VDGA&pos=11
Euro Trash won't go into dollars based on the principal of it. Gold is the next (maybe better) thing.
another gentle reminder that ALL fiat currencies crash & burn eventually:
http://www.kwaves.com/fiat.htm
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