• BullionStar
    05/30/2016 - 21:24
    The US Gold Market is best known as the home of gold futures trading on the COMEX in New York. The COMEX has a literal monopoly on gold futures trading volumes worldwide, but very little physical...

Gold Bar Premiums At 17-Year High In Hong Kong

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Mon, 01/31/2011 - 10:11 | 919938 Mr Lennon Hendrix
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Does anyone in the world buy gold before the daily Blythe gold dump?  Just wondering...

Mon, 01/31/2011 - 11:34 | 920004 66Sexy
66Sexy's picture

CNBC is parading the gold bleed quote like the moneychangers paraded JC's crucifixion... 

quite the display... 

wow, look, there it is again...

try getting this level of reliability when gold happens to be green...


i always know when gold is up when watching muted CNBC... the damn quote never comes up.

Mon, 01/31/2011 - 10:13 | 919949 HamyWanger
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I've sold all my gold one week ago, and I don't regret it.

Mon, 01/31/2011 - 10:15 | 919955 scratch_and_sniff
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Even your gold plated dildo?

Mon, 01/31/2011 - 10:18 | 919965 Sudden Debt
Sudden Debt's picture

he couldn't find it. His wife hid it somewhere...

Warmer warmer, HOT HOT HOT, colder colder....

Mon, 01/31/2011 - 10:19 | 919968 HamyWanger
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Libertarians and permabears are so rude.

Mon, 01/31/2011 - 10:22 | 919977 Alcoholic Nativ...
Alcoholic Native American's picture

They are just bitter from being so wrong all the time.

Look out behind you! Bondzilla is coming!


Give it up losers.

Mon, 01/31/2011 - 10:33 | 920017 scratch_and_sniff
scratch_and_sniff's picture

I cant believe you just uttered those words...didn't you mean "right 27% yoy of the time"?? I can sympathise with the gold bugs, i really can.


Mon, 01/31/2011 - 10:35 | 920032 Sudden Debt
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Calm down, it's just a redneck.

Mon, 01/31/2011 - 10:41 | 920047 ColonelCooper
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Actually I would say, "not a redneck".  The redneck is WAAaay more likely to be a goldbug than a bondholder

Mon, 01/31/2011 - 10:43 | 920056 william the bastard
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Over the longer term, too, the case for gold seems less compelling, say some analysts. While the metal has traditionally been seen as a buffer against runaway inflation and a collapsing dollar, at these prices gold may have less value as an insurance policy than investors might think.

Take inflation. From 1968—when investors started to price in the possibility of the U.S. dropping the gold standard—to 2001, the price of gold rose 5.6% a year, while the Consumer Price Index gained 5.1% annually. That hasn't been the case recently: Since 2001 gold has surged 18.8% annually, while the CPI has risen just 2.3%.

Mon, 01/31/2011 - 10:45 | 920071 ColonelCooper
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I also like how those "analysts" conveniently forget to factor inflation into the value of their stock portfolio.

Mon, 01/31/2011 - 10:47 | 920081 william the bastard
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Even assuming the price of gold now includes a premium for protection against a falling dollar, a collapse in the stock market and inflation, gold still looks expensive, says Vadim Zlotnikov, chief market strategist at Alliance Bernstein Research. He calculates that the current price reflects fears of a 20% decline in stocks, a 20% drop in the dollar and an inflation rate above 4%, based on historical performance. (The inflation rate is currently 1.5%.)

Mon, 01/31/2011 - 10:58 | 920124 ColonelCooper
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Yes, and the econ. pundrity has been spot on to date. Uhm not.  Only time is going to tell.  Market analysts make money pumping a market.  I don't lend them any more credence than a Goldline ad tearing it down.   

I don't shill for metal; do whatever you want, and best of luck. Rather, I never cease to be amazed at the vehemence towards people who are taking the other side of the trade. 

99% of the gold vs. fiat arguments here are started by trolls. 


Mon, 01/31/2011 - 13:45 | 920901 Bay of Pigs
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"gold still looks expensive, says Vadim Zlotnikov, chief market strategist at Alliance Bernstein Research"

And who the fuck is this guy? Nice try Bill. All those numbers are crap and if you took the time to investigate, you'd already know that and wouldn't post this propaganda.


Mon, 01/31/2011 - 10:53 | 920107 Snidley Whipsnae
Snidley Whipsnae's picture

"over the longer term"???

Over the longer term gold WAS money for 5,000 years!

We now have a lot of worthless paper currencies 'floating' against each other...and, they are falling apart.

If there is no center...and, gold is the center...the the center cannot hold.

Mon, 01/31/2011 - 10:56 | 920111 william the bastard
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Gold is money amd it is worth less and less dollars as the days go by.

Mon, 01/31/2011 - 11:00 | 920135 ColonelCooper
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Which really doesn't explain how as money supply goes up, so do premiums for physical.  Denying the effect of ETF's on price is a Flat Earth approach to the debate.

Mon, 01/31/2011 - 11:02 | 920142 william the bastard
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You'll find a new theory as people sell more and more of the ETFs out of portfolio. Don't be a ham brain.

Mon, 01/31/2011 - 11:06 | 920159 tmosley
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Damn, you really are the crappiest troll yet.

Mon, 01/31/2011 - 11:15 | 920195 ColonelCooper
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That is 100% reliant on an individual's need for short term liquidity.  If you really believe that LONG TERM, a store of wealth with thousands of years of stability will be beaten to death by global fiat... As I've said before, "All the best."  I personally don't care what your play was.  I won't be knocking at your door looking for supper, regardless of the outcome.

If you are so heavily tied to physical that you may need to sell in the next six months to live, than I may side with you in the Ham Brain argument.  That isn't my scenario.  I personally like the fact that I'm cushioned regardless of the outcome.  I TRULY hope my children inherit my worthless Barbarous Relics.  I just kind of doubt it will be the case.

Mon, 01/31/2011 - 16:00 | 921399 mogul rider
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Are yu any relation to Fat bastard?

You sound the same

Mon, 01/31/2011 - 11:01 | 920139 Quintus
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Not in any currency I look at. Gold hasn't had a down year since 2001.  I'd say, on that basis, my gold is worth more and more as the days go by.  Unless your math is different from mine.

Mon, 01/31/2011 - 11:47 | 920361 mogul rider
mogul rider's picture


At least we know Hammy the Wanker and Billy the f'headbondholder aren't gold bugs.

That assures us of at least another 3 year run. However, be on guard once these two fucknuts start pounding the table on the precious then you know the top is in.

Yup the BillyBastard and the Wanker Oscillator is now active bookmark accordingly.

Mon, 01/31/2011 - 10:24 | 919982 scratch_and_sniff
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Libertarians are too quaint, im more of a libertine.

Mon, 01/31/2011 - 10:20 | 919973 Alcoholic Nativ...
Alcoholic Native American's picture

Nice, bet you made a hefty profit too. Gold bugs are loons No way we will go back to pinching gold dust. We will go all digital before we go back to the barbaric bartering with gold.

Libertarian loons are living in a dream world or are actively hoping for total collapse. Sickening.

Mon, 01/31/2011 - 10:43 | 920061 ColonelCooper
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Best of luck to you.  I love how you equate cynicism with hoping for a total collapse.  Add that to the performance of metal in the last few years and your argument is pretty thin.

Mon, 01/31/2011 - 10:57 | 920120 william the bastard
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Since 2001 gold has surged 18.8% annually, while the CPI has risen just 2.3%.

Mon, 01/31/2011 - 11:06 | 920158 ColonelCooper
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Which means it is outpacing inflation by a satisfying margin.  I would actually say that it HAS NOT performed as well, because CPI is a joke.  If you are calling it a bubble, that's the million dollar question isn't it? 

Don't get me wrong, I firmly believe that if gold hits $50,000, it will mainly be because of inflationary pressure rather than some reversion to a gold standard or magical gold fairy dust. 

When the fiat bubble bursts, and the dust settles Gold and Silver will still have value.  What it will be is anybodies guess, but I'm all in on the bet that it will be more than Bernanke Bucks or Ipad stocks.

Mon, 01/31/2011 - 11:44 | 920345 Sands8oo
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Re: William the bastard - Always nice to see the dolts amongst us still have the moxy to show up on ZH and flap... And so, once again ladies and gentlemen, we seem to be dealing with a totally fucktarded individual.


Dear William,

Please feel free to rejoin the conversation when you've pulled your head from the FED's asshole and realize inflation has been a tad in excess of 2.3% annualized since 2001.  Until then, enjoy playing with your Tonka trucks in the shitbox while the grown-ups engage in serious conversation.

Yours Truly,

Nathan Wind

Mon, 01/31/2011 - 13:40 | 920890 LoneCapitalist
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Digital what? Dollars? Maybe you havent heard, but we are currently experiencing problems with the dollar.

Mon, 01/31/2011 - 10:29 | 920008 66Sexy
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can i quote yoda? "you will be... you WILL be....."

Mon, 01/31/2011 - 10:46 | 920078 Pladizow
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Mon, 01/31/2011 - 10:49 | 920087 Sudden Debt
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can't you make them wiggle?

Mon, 01/31/2011 - 12:09 | 920465 StychoKiller
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Perhaps if you were to post a list of the software that you used to create domokun, we all could be twitchin'!

Mon, 01/31/2011 - 10:47 | 920080 papaswamp
papaswamp's picture

If it doesn't rain would you cancel your flood insurance? Think of metals as insurance.

Mon, 01/31/2011 - 12:27 | 920569 eaglefalcon
eaglefalcon's picture

Sold all your gold?  Smart move.


Hopefully you've reinvested all your money in municipal bonds.  Suckers are sorely needed to keep the system running for a few more months.  Is retirement in Egypt an option?

Mon, 01/31/2011 - 14:46 | 921103 Attitude_Check
Attitude_Check's picture

Sold your gold tooth?

Mon, 01/31/2011 - 15:00 | 921180 ColonelCooper
ColonelCooper's picture

Gold toof, Bitch!

Mon, 01/31/2011 - 10:15 | 919953 ak_khanna
ak_khanna's picture

One thing I fail to understand is that why most analysts are recommending the purchase of Gold as a safe investment? The problem today is that the price of Gold is not derived by it's physical demand or supply but more by the speculative positions standing long or short on the commodity exchange like any other traded commodity, stock or currency.

The basic mechanism of price discovery (based on demand and supply for actual use) of anything traded on an exchange has been terminally infected by speculators having access to unlimited funds and super fast computers for trading leading to volatile price swings. This has been made worse by the launch of ETFs for anything and everything under the sun by the financial community.

The price of everything including Gold is likely to suffer when the speculators unwind their positions due to some event that they have not anticipated or foreseen.


Mon, 01/31/2011 - 10:24 | 919985 Quintus
Quintus's picture

Will you please stop posting this shit on every gold thread?  Please??

Mon, 01/31/2011 - 10:38 | 920037 william the bastard
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  • JANUARY 29, 2011
  • Is Gold's Golden Era Over?

    Gold certainly is cheaper these days, having fallen 5.7% in 2011 alone. But investors who rush in now could be setting themselves up for disappointment.

    Classically a hedge against inflation, gold morphed into a hedge against economic collapse during the financial crisis and rallied strongly last year as fears mounted of a double-dip recession in the U.S. and a debt crisis in Europe. Those fears have largely eased, though gold did rally Friday on turmoil in the Middle East. By and large, investing in gold is once again a bet on global inflation.

    While there are signs of higher costs for raw materials in the U.S. and abroad, prices might not be rising fast enough to justify gold's current price of $1,340.70 an ounce, say some strategists. Emerging-market central banks, meanwhile, are raising interest rates to tackle rising prices.

    "For gold to rise there needs to be demand for a safe haven, a weak U.S. dollar and inflation fears," says Pierre Lapointe, a strategist at brokerage firm Brockhouse Cooper. "We don't see any of these in 2011."

    Mon, 01/31/2011 - 11:09 | 920169 tmosley
    tmosley's picture

    having fallen 5.7% in 2011 alone

    lol.  Damn right alone.  No other declines anywhere for the past ten years.

    How can you idiots fail to understand the simple concept of a correction in a bull market?  There has been no parabolic blow off, which is the only thing that can confirm the end of a bull market, aside from, say, a year long decline.

    Hehehe, this guy doesn't see a demand for safe havens in the next year.  Must have his head up a unicorn's ass.

    Mon, 01/31/2011 - 11:23 | 920246 ColonelCooper
    ColonelCooper's picture

    "Damn, you really are the crappiest troll yet."

    God I miss Johnny Bravo.  At least he had actual thoughts in his head.  Lately all we get is cut and paste dumbasses that don't even understand what they're pasting. It gets more amazing by the day. 

    Mon, 01/31/2011 - 12:40 | 920625 EscapeKey
    EscapeKey's picture

    I don't. JB used to threadshiat to the extent you'd see his name on every other post, all with inane comments, to the extent I just gave up reading threads he "contributed" to.

    Mon, 01/31/2011 - 12:46 | 920656 ColonelCooper
    ColonelCooper's picture

    I don't really either.  But at least he cracked a book, and talked about some broken rising inverted tea cup wedgehandles.  He is a kid, and trying.  I HATED his immaturity, but actually appreciated that he was making an effort to learn.  Better than most his age.

    Mon, 01/31/2011 - 13:53 | 920921 Bay of Pigs
    Bay of Pigs's picture

    Pierre Lapointe? Another one of your experts? LMAO.

    You should be a stand up comedian Bill.

    Mon, 01/31/2011 - 11:11 | 920177 ciscokid
    ciscokid's picture


    Mon, 01/31/2011 - 10:26 | 919996 baddress
    baddress's picture

    old copypasta is old

    Mon, 01/31/2011 - 10:41 | 920051 TDoS
    TDoS's picture

    Seriously, next time I see this posted on here, I'm taking a scalp.

    Do NOT follow this link or you will be banned from the site!