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Gold and Silver v. Currencies
Figures 1 and 2 are weekly charts of continuous gold and silver contracts, respectively. The indicator in the lower panel measures each metal's 52 week performance relative to a basket of 8 currencies.Those currencies are: 1) Australian Dollar; 2) Canadian Dollar; 3) Swiss Franc; 4) Eurodollar; 5) British Pound; 6) Singaporean Dollar; 7) Japanese Yen; 8) US Dollar. Relative to these currencies, gold and silver are outperforming. Over the past decade, such outperformance led to significant gains in the price of the metal.
Figure 1. Gold v. Currencies/ weekly
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Figure 2. Silver v. Currencies/ weekly
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China is now openly advocating to the masses the virtue of owning gold & silver as investments
http://www.mineweb.co.za/mineweb/view/mineweb/en/page33?oid=88452&sn=Detail
I think I am confused about the sheep part. If holding sheep is historically an indication of wealth, then the sheep themselves must be doing at least a little bit right.
Einhorn swapped out of GLD for bullion, supposedly for lower storage costs. Despite all the hoopla about gold, it seems to me like a small enough market for a couple of big players, like John Paulson to effectively pull off a short squeeze.
They have already changed the rules though and will allow requirement of physical delivery to be met with an unaudited ETF. So maybe a real short squeeze on bullion is not not possible, but you would at least uncover the fraudulent accounting.
speaking of gold ratios runtogold.com has some nice ratios of gold to other assets including the stock market indices....measure what you have in gold to trade the basis....
What is new about that?
The currency basket looks strange to me:
4) Eurodollar, 8) US dollar??
Should 4) read euro instead?
Did GS and JPM have perma shorts on oil last year ?
Owning physical gold and silver is the ultimate f**k-you to the world-wide financial paper systems...I hope they have a strong stomach...
if owning physical gold and silver is such a bad idea, then why is it central banks want to own it and horde it? why is it the Rothschild cartel loves gold and silver so much? Yet they tell us that it is not wise to own it, but they themselves want it so. People like denniger, laugh at me and call me a metal head. One glad day my friends, in the not too distant future, there will be other laughter around here and there. The scoffers will be silent. For me, I could say, he who laughs last, laughs best but I shall not for in that day, we will be too busy with the work of taking back our beloved country from those who have stolen her and there will be no time for petty arguments and silly rebukes. That day is almost here I feel. I ask you all. Can you not hear the small quiet voice of liberty calling? You who are Americans know what I mean. It is in your blood whether you want to believe it or not. It is ingrown inside of you since your birth. The Europeans and others in this world look to us for leadership, yet none comes forth. They look to us because they know better than many of us, that there was a time in this land when a light shown on a hill. We were that light but are not more, yet they hope against hope that that candle of freedom and liberty can be relighted, once again. For you see, they know that only the Americans, those silly Americans, were once free and that we once had liberty here, something the Europeans and others in this world do not understand because you see, they never, ever, have had what we have allowed to be pissed away. Now some may argue that we never have really had it, and there can be some support for this argument, no doubt about it. But you see, it was always not so much about what was the reality of the situation, more so, was it the way it appeared to others and the way we as Americans thought about it. We have always thought we were free, whether we were actually free or not. This is what bothers the new world order crowd. This is what makes them nervous. For a man who thinks he is free but in fact may not be so free, is nevertheless a clear and present danger to world government. So now they come at us full bore, for their time here is short and they know it because their father, the lord of this world has told them this. How important is ownership of physical gold and silver? It is very important. It is the only thing they cannot stand for others to control and own simply because it leaves them out of the mix in many, many ways.
A viewpoint from the cheap seats in flyover country.
Any more news about buyers taking physical delivery? If gold takes off, futures buyers may want delivery on their contracts in coming months. Note how gold rose as LME was closed on Monday. This could also be a short squeeze.
You can take delivery of a bankers bar but as of March 27th, no more kilo bars:
http://seekingalpha.com/article/128150-nyse-runs-out-of-gold-bars-what-happens-next
"Hong Kong recalls gold reserves, touts high-security vault
In a challenge to London, Asian states invited to store bullion closer to home"
The Hong Kong Monetary Authority, which functions as the territory's unofficial central bank, will transfer its gold reserves stored in other vaults to the depository later this year, the Hong Kong government said in an earlier statement.
The monetary authority reported $63 million in physical gold reserves as of July 31, according to its International Reserves and Foreign Currency Liquidity statement. The authority wouldn't disclose where the reserves are held, but local media reports cited gold traders as saying that London's the most likely location.
Source: http://www.marketwatch.com/story/hong-kong-recalls-gold-reserves-from-lo...
$63million, uh, around 63,000 ounces.... I wonder if it is currently lent out?? Might explain gold rocketing the last couple days.
if they all tried to take delivery on the comex and through the ETF's, I assure you, all hell would break loose. They simply do not have the metal to back up the paper. What they are doing is selling more gold and silver contracts than they have gold and silver in their custody.
FYI - Central Fund of Canada (CEF) may be better than an ETF. They claim to have 90+% in physical, unencumbered gold.
80X more paper than gold in existence according to Martin Hennecke:
http://www.cnbc.com/id/32638139/
Martin Hennecke rules.
i have said it before and i will say it again. gold and silver are the holy grail of this large ponzi scheme known as the comex and the stock exchanges etc. to me, it has always been simple. when push comes to shove, they will always come back to poppa. who is poppa? physical gold and silver. where else is there to go? the 90's are over now. it is getting near time to go to financial reset for the world financial system. nothing has been fixed. nothing. they have fixed nothing. yet they talk of green shoots. i remember seeing on the news one time, a man waking behind his stock broker down the street in 1987, somewhere in florida, with a double barrel shotgun aimed at his head. the things that happened in 1987 will be minute in comparison to what is to happen.
it is interesting to me how the europeans talk more freely about things than our own press does? the world truely is turned upside down.
This could be the next bubble as was oil!
The puppets are buying it and some are even buying paper gold as a hedge versus USD?? Haha!
well the plunge protection team has thrown everything but the kitchen sink at gold and silver, yet it remains resilient. what does this tell us about it? paper currency is worth less than 4 cents to the dollar if that. In the Biblical Book of Revelation, written by the Apostle John, which was given to him by God, while John was living in exile on the island of Patmos we read the following scripture:
chapter 6: verses 5, 6
5 And when he had opened the third seal, I heard the third beast say, Come and see. And I beheld, and lo a black horse; and he that sat on him had a pair of balances in his hand. 6 And I heard a voice in the midst of the four beasts say, A measure of wheat for a penny, and three measures of barley for a penny; and see thou hurt not the oil and the wine.
that tells me things are going to get very dicey. In ancient Israel, a man was considered rich if he had gold and silver, and precious stones, arable land, cattle,sheep and goats, family, sons and daughters and wives. What do all of these things have in common? You, the owner, control them. What is the difference between allowing someone else to control your money and your investments vs. having control of them yourself? It is only in the last hundred years or so in this country that men have forsaken what it means to be self reliant and being in control of the affairs of one's self. Now the sheep allow others to control their (alleged) wealth. Have we not learned anything in this world?
This could be the next bubble as was Gold. Puppets are buying it!
there is no such thing as paper gold and paper silver. if you think there is, then go get your metal. see what happens.
no but you CAN have a paper that is backed by a metal..a la USD pre nixon years..
As long as YOU were a foreign government. Citizens haven't redeemed since '33.
that wasn't his point and americans have not
been able to redeem paper since roosevelt...
obviously you don't buy paper gold from
comex or other venues....try getting gold
out of comex....it is becoming ever more difficult
because bakcwardation is setting in....
hard money > fiat currency
Is there a point or is this just a factoid?