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Bill Gross' Advice To Asset Managers: "Turn Lead To Gold"
At least he did not say Tungsten...
Gross: Stock and bond managers today must be alchemists: turn lead into gold. NOT likely. Too much lead (bubbled assets).
— PIMCO (@PIMCO) October 9, 2012
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Gross panicking? I don't think so. However, he should have tweeted "hold gold, backed by lead."
Gross panicking?
No worries.....Chuck Munger isn't even breaking a sweat.
Sovereign Debt Is The Lead.
Sell The Lead And Buy The GOLD...
He Must Know Too... GOLD $50K.
AND Remember, NEWTON, who was arguably the greatest Scientist that ever lived, was also an Alchemist !
Hmmm, Gold $50K?
Before the hyperinflation begins, you mean?
Zombies don't sweat.
And how come those zombies have stitches?
Who the heck is giving them medical attention???
My advice is to hang on to both your lead & your gold...
and make sure your gold is solid, and your lead hollow (point)
Backed by Tungsten?
Even tungsten has industrial applications. What can anyone do with a paper promise these days?
You could make a hat, or a brooch, or a teradactyl...
~Jhonny
used as a catalyst, but yes, you could also make one big fucking tungsten hammer, or bullet...
damnn!!! what movie was that - on tip of brain (was it a movie? or am I getting senile)
Airplane
thanks - was too stubborn to google it - either I was getting the answer here or pulling it off my brain
I find it fascinating watching Bill Gross's growing public acceptance of a future with PMs. Has Bill seen the Golden Cross or is this just him front running again?
I guess the better question is.......does it matter?
Gross is as connected as they come. That is all I am saying on that matter.
Gross' birth name = Grossberg?
Is this the bizarre little Jew-hating drum?
-Mystified Methodist
Nope.. Sarcasm.
Follow the leader.
Anyone remember Sam the Snowman in Rudolph the Red Nosed Reindeer? I can't seem to get his rousing rendition of "Silver & Gold" out of my head...
http://www.youtube.com/watch?v=CirrRY_6aaU
http://en.wikipedia.org/wiki/Burl_Ives
Yukon Cornelius.
Actually, i think you need lead to protect your gold. Thats what I would do if I had any pms. But, Ive been strictly listening to Crap, Nothing But Crap, especially the cue ball guy and the slut that gets all the best interviews with grandpa and whoever. So basically im broke...
Now I dont know, but I been told its hard to run with the weight of gold,
Other hand I have heard it said, its just as hard with the weight of lead.
One way or another, this darkness got to give.
Try running with a couple of silver monster boxes
or one of my 1000 oz bars
....Please don't dominate the rap, jack, if you've got nothing new to say.
If you please, don't back up the track this train's got to run today.
...
Who can deny, who can deny, it's not just a change in style?
One step down and another begun and I wonder how many miles...
....
One way or another, one way or another,
One way or another, this darkness got to give.
...interesting choice of words by Gross. Lead. People will at times use the word lead for a bullet.
I think it was more of a Led Zeppelin type comment - anyone who owns paper bullshit will go down like a lead zeppelin.
@PIMPCO Long copper jacketed lead!
Is the jig nearly up? Do i quickly buy more physical, or do i have time still to flip a few juniors before going all in? Timing this motherfucker aint easy
Still have time. Euro will go down first, boosting $US, and therefore moderating paper price of metals. But better be all in before 2014.
cheeerzz
ABB
Always
Be
Buying
http://www.section9department17.com/1/post/2012/10/october-05th-2012.html
The bacteria changes the oxidation state of the gold in the sludge. The gold is already there sheeple, all the bacteria does is suck it up and reduce it, the bacteria does not create any gold. Bloody sheep.
Gee, hoocodanode? Took the assclown long enough to toss in the towel on paper!
I mean really: When you are a "professional fund manager" what's the fucking point of doubling your money not once, but 3 times, anyway.
Eric Sprott 3, Bill Gross & Ray Dalio .01
Nice job "Champs".
http://www.psychopathiceconomics.com/DavosEconomicForum/2012/09/08/hells-floodgates-just-opened/
I am suprised gold is not up more than it is today.....it seems the whole world is buying it....are they falling for the paper gold myth....where they buy an ETF that says you own gold....how many times can london sell the same bar and to how many people???...I think these new metals vaults will make some of these markets come clean or fail....I believe they have oversold the actual...bankers and thieves do that....lie, cheat and steal.....
youngman
The reason is Odumster does not want the currency to look bad prior to erection, and you are correct, there is a shortage now,as the Prems are going up, and the inventories are getting lower.
Both G & S are being held down, with double crosses, no way they are not.I think this is the BTFD time,now.Or wait unti Roulus slides past O, and there will be a dramatic pullback in the paper mkts, and the dummies will think the provlens are solved, or soon will be.
Silver shorts went up 130k contracts v.s 160k longs, almost overnight.Total reversal..................
So, roll the dice, n take yer chances.
Rehypothecation is going to be the new "collateralized debt obligation" next crash. Have to make it sound really fucking complicated, so that it doesn't sound like thievery.
If every country in union took up Lead as a backing then you could do this as gold's value is conceptual - if someone who has something to trade thinks it is worth that much, then it is. Have we not learnt anything from all those housing programs saying, "location, location, location"? that again is conceptual, it could be pea's we're talking about. Ofcourse housing was in a bubble ;)
Just for giggles, and a line of fecal matter, I emailed these dudes, and was told due to any Au coins having raised surfaces they could not make them.Krugs,Phils etc.
I replied funny, your webiste shows that Krugs are Numba 1,so why are you advertisng one thing, and emailing me a totally different line?.
Call me dubious,pawaNoid, but I think the GP may be dealing with a .gooober agency, there.
ZH has been tracking Gross's gold epiphany very well. PIMCO's monthly Insights are also tracking Gross's initial denial that the US economy was in very serious trouble to the 'I don't believe the US economy is going to completely collapse along with its financial markets but yeah we're in deep shit'.
"If the fiscal gap isn’t closed even ever so gradually over the next few years, then rating services, dollar reserve holding nations and bond managers embarrassed into being reborn as vigilantes may together force a resolution that ends in tears. It would be a scenario for the storybooks, that’s for sure, but one which in this instance, investors would want to forget. The damage would likely be beyond repair."