Bill Gross' Advice To Asset Managers: "Turn Lead To Gold"

Tyler Durden's picture


At least he did not say Tungsten...

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Tue, 10/09/2012 - 10:03 | 2870532 LawsofPhysics
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Gross panicking?  I don't think so.  However, he should have tweeted "hold gold, backed by lead."

Tue, 10/09/2012 - 10:05 | 2870540 GetZeeGold
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Gross panicking?


No worries.....Chuck Munger isn't even breaking a sweat.


Tue, 10/09/2012 - 10:19 | 2870586 BaBaBouy
BaBaBouy's picture

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 !

Tue, 10/09/2012 - 12:44 | 2871502 Carmagnole
Carmagnole's picture

Hmmm, Gold $50K?

Before the hyperinflation begins, you mean?

Tue, 10/09/2012 - 10:27 | 2870626 Winston Churchill
Winston Churchill's picture

Zombies don't sweat.

Tue, 10/09/2012 - 11:14 | 2871155 samsara
samsara's picture

And how come those zombies have stitches?

Who the heck is giving them medical attention???

Tue, 10/09/2012 - 10:06 | 2870541 francis_sawyer
francis_sawyer's picture

My advice is to hang on to both your lead & your gold...

Tue, 10/09/2012 - 10:44 | 2870806 semperfi
semperfi's picture

and make sure your gold is solid, and your lead hollow (point)

Tue, 10/09/2012 - 10:08 | 2870556 OttoMBMP
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Backed by Tungsten?

Tue, 10/09/2012 - 10:09 | 2870564 LawsofPhysics
LawsofPhysics's picture

Even tungsten has industrial applications.  What can anyone do with a paper promise these days?

Tue, 10/09/2012 - 10:21 | 2870603 francis_sawyer
francis_sawyer's picture

You could make a hat, or a brooch, or a teradactyl...


Tue, 10/09/2012 - 10:39 | 2870677 LawsofPhysics
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used as a catalyst, but yes, you could also make one big fucking tungsten hammer, or bullet...

Tue, 10/09/2012 - 10:43 | 2870791 semperfi
semperfi's picture

damnn!!! what movie was that - on tip of brain (was it a movie? or am I getting senile)

Tue, 10/09/2012 - 10:43 | 2870805 francis_sawyer
francis_sawyer's picture


Tue, 10/09/2012 - 10:47 | 2870846 semperfi
semperfi's picture

thanks - was too stubborn to google it - either I was getting the answer here or pulling it off my brain

Tue, 10/09/2012 - 10:05 | 2870535 Cognitive Dissonance
Cognitive Dissonance's picture

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?

Tue, 10/09/2012 - 10:14 | 2870580 Quinvarius
Quinvarius's picture

Gross is as connected as they come.  That is all I am saying on that matter.

Tue, 10/09/2012 - 10:25 | 2870615 Awakened Sheeple
Awakened Sheeple's picture

Gross' birth name = Grossberg?

Tue, 10/09/2012 - 11:29 | 2871201 Upswaller
Upswaller's picture

Is this the bizarre little Jew-hating drum?

-Mystified Methodist

Tue, 10/09/2012 - 18:06 | 2872744 Awakened Sheeple
Awakened Sheeple's picture

Nope.. Sarcasm.

Tue, 10/09/2012 - 10:05 | 2870538 Anne Ominous
Anne Ominous's picture

Follow the leader.

Tue, 10/09/2012 - 10:05 | 2870539 BrigstockBoy
BrigstockBoy's picture

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...

Tue, 10/09/2012 - 10:09 | 2870561 Ness.
Ness.'s picture

Yukon Cornelius.

Tue, 10/09/2012 - 10:13 | 2870574 ziggy59
ziggy59's picture

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...

Tue, 10/09/2012 - 10:23 | 2870591 Mercury
Mercury's picture

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.

Tue, 10/09/2012 - 10:32 | 2870645 tradebot
tradebot's picture

Try running with a couple of silver monster boxes

Tue, 10/09/2012 - 10:40 | 2870697 semperfi
semperfi's picture

or one of my 1000 oz bars

Tue, 10/09/2012 - 11:13 | 2871141 samsara
samsara's picture

....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.


Tue, 10/09/2012 - 10:24 | 2870613 Everybodys All ...
Everybodys All American's picture

...interesting choice of words by Gross. Lead. People will at times use the word lead for a bullet.

Tue, 10/09/2012 - 11:06 | 2871107 ATM
ATM's picture

I think it was more of a Led Zeppelin type comment - anyone who owns paper bullshit will go down like a lead zeppelin. 

Tue, 10/09/2012 - 10:27 | 2870625 Mad Mohel
Mad Mohel's picture

@PIMPCO Long copper jacketed lead!

Tue, 10/09/2012 - 10:31 | 2870639 ClassicCommodity
ClassicCommodity's picture

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

Tue, 10/09/2012 - 10:39 | 2870674 semperfi
semperfi's picture

Still have time.  Euro will go down first, boosting $US, and therefore moderating paper price of metals.  But better be all in before 2014.

Tue, 10/09/2012 - 10:42 | 2870790 ClassicCommodity
ClassicCommodity's picture


Tue, 10/09/2012 - 11:06 | 2871113 ATM
ATM's picture






Tue, 10/09/2012 - 11:16 | 2870755 LawsofPhysics
LawsofPhysics's picture

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.

Tue, 10/09/2012 - 10:43 | 2870686 DavosSherman
DavosSherman's picture

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".

Tue, 10/09/2012 - 10:46 | 2870829 youngman
youngman's picture

I am suprised gold is not up more than it is seems the whole world is buying it....are they falling for the paper gold myth....where they buy an ETF that says you own 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.....

Tue, 10/09/2012 - 11:01 | 2871092 DosZap
DosZap's picture


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.

Tue, 10/09/2012 - 11:18 | 2871169 Panafrican Funk...
Panafrican Funktron Robot's picture

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.

Tue, 10/09/2012 - 10:51 | 2871027 giggler123
giggler123's picture

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 ;)

Tue, 10/09/2012 - 10:54 | 2871061 DosZap
DosZap's picture

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.

Tue, 10/09/2012 - 10:59 | 2871085 RSloane
RSloane's picture

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."

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