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Gold - It's Time
Authored by Lee Quaintance and Paul Brodsky of QBAMCO,
Gold bugs can’t understand how the public can be so unaware, how highly intelligent policy makers can be so immoral, and how the mainstream media can be so incurious. We can’t understand why more men and women in the investment business haven’t joined some of the more successful ones that have come around to precious metals and have taken substantial positions in them for their funds and personal accounts. The list of high profile independent-minded investors that have come out of the proverbial closet is impressive and growing: Kyle Bass, John Paulson, David Einhorn, George Soros, Bill Gross and Paul Singer, to name only a few.
Conventional financial asset selection guidelines for professional investors are becoming increasingly uneconomic and problematic. Current macroeconomic conditions leave little doubt as to why. A zero-bound rate structure across developed economies, heavy monetary policy intervention, guaranteed negative real returns of benchmark financial assets and cash, impossible discount cash flow models,cacophonous (and economically meaningless) fiscal political wrangling diverting attention from legitimate budget arithmetic ($800 billion over ten years when we’re running $1 trillion-plus annual deficits?), dubious short and intermediate-term prospects in already-emerged emerging economies, and non-trending financial markets, all suggest something has changed.
Regardless of whether one is investing personally or as a fiduciary, conventional financial asset allocation models and procedures are obviously failing and the reason is simple: the currencies in which financial assets are denominated are gravely flawed – levered beyond reconciliation and incapable of generating positive real returns for assets denominated in them, or ongoing consumer and business confidence while the leverage is being transferred from banks to central banks, and from central banks to government balance sheets. The political/policy dimension is boxed. We think prudence demands stepping away from conventional financial asset allocation models.
Here is what matters...
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Sure the time for Gold is now, as it has always been, but unlike ever before the central banks of developed countries are in a death struggle to keep gold from becoming money. Including China and India. They all love fiat.
Be aware whom you are taking on here. They will never loose. The only hope we gold bugs have is for the banksters to decide that revaluing gold is now in their best interest and to make it part of money in some form again. The chances of that happening are good in my opinion, but it could be a long wait.
Keep the faith, people. It's only 1% +/-.
Everyone paying attention knows the world's central bankers are printing furiously. The jig is up for fiat when public trust reaches a saturation point of utter disgust of 'cash'.
THAT is when your gold will shine the brightest. It's coming, keep stacking.
I've been holding for 9 years and it's always "just around the corner". The public has absolutely no clue and never will until the USD loses its' reserve status. By then it will be too late.
They are doing tonite what they always do. Dump a bunch of contracts in thinly traded markets, run the stops that the idiots who still play the paper game put into place, and then use the drubbing to cover their shorts. Wash, rinse, repeat. This is the most aggravating bull market in history. We've gone nowhere for 15 months. Unbelieveable.
You're right as far as gold prices not moving that 'we've gone nowhere.' But think about all the inflation it has taken and concerted efforts of paper SLV, etc. shorting just to keep this facade of 'normalcy.' It won't/can't last. These central banks cannot print purchasing power/supply. They can obfuscate and make investors think there is a pool of savings there when there really isn't for awhile, but I contend that the number of moles that have to be whacked just to keep the game going has to be going up and will be difficult to keep knocking down.
I call it a "gift"
The scam ends when the we stop using the COMEX price. Set the price yourself.
All that silver I lost in that boating accident last year, that was worth USD $300/Toz. I won't even bother to go back to the lake to look for it until Silver is $450/Toz.
Gold and silver getting sold now because of QE4? Whatever. I don't care. I just buy it every month and I'm still happy that I can buy. The more I have the happier I am. I don't love currency. I love coins... and my collection is a work in progress. I'm going to be completely honest with you guys. I don't buy silver to make profit in Fed notes. I buy it becuase I love it and I'm addicted to it. Most people have porn or gambling or shopping addictions. I'm addicted to silver and gold.
+1
I'm a silver addict, too (as the crowd says "Hi Bohm")...The first step in embracing it is admitting it!
Its true. Fuck. Its a total addiction!! But its awesome! lol And every time i leave the store, i think "shit....should have bought more." Its like, for once, this is something I don't care if I am buying at the top. And if prices cave, I'll buy more. This is the only environment where BUY AND HOLD means anything to me. Well, that and a 1/4 section.
Dt Gonzo, +1!
Gold is heroin to me too, I'm a total addict. The other day I was curled up on the couch having a bad day and my husband comes up to me and says " hold out your hand" in it he drops a Maple leaf. He walks a way and I hold it for a while. I can practically feel it hum in my hand, a shiny orgasm in my palm. Frankly I'm not sure why. Maybe because in a shadow world like today it represents reality, an anchor. When you have the bug you've got it and others so infected can understand. The rest of the world calls you crazy. They rather you buy shit on endless credit at Walmart.
Miffed:-)
Dated December 2013?
I am hoping the 'public' aren't quite so unaware in a year's time....
The central premise of this article is right on target - the most likely manipulators of the PM markets are the Chinese who play a long-term strategic game and who know - KNOW - that us US dollars they have been forced to own are worthless, as are all paper currencies, and they also know - KNOW - that the more of the world's gold and silver they control in 10-20 years the more certain it is that they will own our worthless asses. Don't think for a minute they don't have their eye on all that rich farmland in the US that we are letting go to waste while planting ethanol corn instead of food. The Chinese understand that the game our rich 1% are playing is short term and ultimately a total loser - and they will be around to pick up all the pieces - with plenty of us as slave labor - for micrograms on the dollar. Can't happen? If you are into historical precedents just think "Louisiana Purchase" and "Alaska". Think our country can't be sold to the Chinese? Piece by piece. Think again. Mark my words. And be sure not to leave any indication that you are educated or have a mind - those are the ones who will be shot first. What they will want are simple slaves, nothing more.
Spot on
+10000000000
This is completely new to me. The Chinese are doing it? I thought it was Goldman? Or are they all at it?
Whoever it is, it's bloody confusing. I find the simultaneous Ag/Au knockdown today at 1pm EST quite laughable. Because of tax and income constraints I can only play with ETFs so downvote me now. However I have a very itchy trigger finger on the buy button. However when I do buy I'll have an equally itchy trigger finger on the sell button.
Please don't advise me to buy physical. I could probably manage 2oz of silver per year but in the right circumstances make that in profit easily in 24 hours on ETFs. Yeah yeah, i'll be corzined and lose it all in a second. Shit happens ;O)
This is the Google chrome App I use to keep an eye on the spot market:
https://chrome.google.com/webstore/detail/gold-silver-price/fkgjfjogmipi...
edit: @americanspirit, the Chinese certainly seem to be THE masters of buying up cheap global commodities.
Otherwise known as "blobbing-up".
It's the mattering thing.
You give them too much credit, friend. They are no more in "control" than the Bernanke. Everyone is a playa, everyone one comes to the table and has game. Some gamers have way much power yes, and you may even be on to the plans that some of them may have, but the out come of this mess is not going to be something that we are going to see/predict easily. History will rhyme, but not repeat. IMHO.
Sadly +1
The Chinese may end up with the West Coast of the United States. Maybe Hawaii too. They have a lot of Western Canada. The Russians might get Alaska.
The U.S. is being given to China by Barry Chin. See Lame Cherry for who he is.
So I cash in an ounce of gold for $50,000 and then go out and buy some Chinese made twinkies? Or will a gold bar buy me a box of twinkies because paper money will be worthless?
holy crap
Zombieland - Where´s my twinkies! - YouTube
zombie apocalypse movies do predict the future - THE TWINKIES ARE ALL GONE!
" to create balance for the launch of a modified (bullion-backed)SDR, which would be the new global reserve currency"...
Man, I keep hearing more and more about the 'new global reserve currency.
We are so fucked.
(I like where he says now's a chance to "do well by doing good". Someone actually cares about the little guy? NAAAAAAAAAWWW!
Might want to tune into Ed Steer's newsletter... like here, great info... like many hardcore "goldbugs" (which is really just a catch phrase for people smart enough to know our debt is unpayable, our political and financial systems are hopelessly corrupt and over half of the voters are parasites or morons or both) I too am frustrated about the price of PM's dropping... draw a line... if what you KNOW is true, then hold onto your gold... if you have doubts, buy T-Bonds at 1% for 10 years and pray they will not be worthless in 3 years. The crash has been averted for WAY too long... and could be longer. But it HAS to happen... how much longer will ANYONE buy worthless USA paper?
Gold is for:
1. Hedge fund managers who devised a way to make 2% on tens of billions for sitting on 1 trade and laughing hysterically at the legion of idiots who trust them
2. Anyone who can't afford prime manhattan or income producing beachfront property (the TRUE inflation hedge)
3. The foodstampers who frequent this loserville website proclaiming an end to currencies
So while you uesless twits have been wobbling and wailing about your worthless nuggets over the past year earning a whopping -3% return, I am making 3% a week buying forclosed houses at auction and selling them 2 months later using nothing but my braun & my hussle and a few bucks that I saved up after cashing in my mortgage free house in 2006. My 'strategy' takes effort, hard work & getting up at 6am 6 days a week. Yours takes a fcuking coin toss and the click of a mouse on your etrade account. You're betting on black every spin with the 49% odds. Who do you think is going to make more money?
The meek shall indeed inherit the earth.
Gold, Bitch, don't be hatin', Thor.
judging one down year does not make you a good analyst. Here's the real 1 year pattern of returns, up close & personal:
goldpricemodel 2013 roc 52-week
here's the same pattern since 1980
gold 52 week ROC 1980 to 2011
That's a lot of high returns year-over-year. Learn the pattern & you can buy on dips, sell a little on peaks, hold the rest for insurance. Rolling forward this pattern yields:
goldpricemodel 2013 projection
But only idiots and the weak in mind shall inherent the anti-gold propaganda of central banksters.
By the way, when did Thor become the god of asswipes?
Hmmm... I wonder how your stategy worked out for people who did similar things prior to 06/07? I've seen bidding wars on former grow-op houses that were scheduled to be bulldozed in the frenzy of 06. Idiots were paying $500k+ and had to suck up the demo costs as well.
You talk about odds... How many people worldwide have lost their life savings on real estate since 05/07? How many BANKS had to be bailed out due to real estate/mortgages?
Angus- in 06 and 07 (actually 03 to 06) people were buying a HOPING their mortgaged to the max investment would jump 10% in a year. I am buying today with 100% cash for $100k, adding $20k and selling to people for $140k. it's a business. It keeps me up at night but I'm banking coin as opposed to flipping coins like most of you idiots.
I don't trust politicians, bankers or real estate agents any more than you do. I am just waking up to today's realty and not sitting in a shed in the forest hoping that society will crumble. And it won't.
Gold is obscelete in the digital age now btw. Swiss francs or other stable currencies are there for you to purchase with a mouse click. Gold is done except for the shine. Figure it out dreamers. And honestly, good luck :)
Dude you are so kickass! You make me wanna turn fag, sell my gold and suck your 3 inch penis for dinner tonight. So you flip piece of shit houses by buying them and making them barely legal only for the new owners to figure out a year later there is fuckin mold and chink dry wall silently poisoning the inhabitatants children. I hope you get fuckin rectal cancer. From all of us to you and your shit peddlers GO FUCKING FUCK YOURSELF YOU FUCKING FUCKASS PIECE OF SHIT.
/> Too subtle?
Now THAT is Fight Club!
+1
Come at me bro!!!
We're all comin at ya with +1's. I think MDB and RobotTrader are in for a +1 on your behalf.
I've only been here since the summer, but I feel like I have finally arrived and earned my spot at the table.
Wherever you go, just tell them McHugepenis sent you. And no flopping your pecker on the table while we're eating.
Looking forward to more of your rants as you destroyed a fucktard RE agent above.
Splendid! (said with British accent).
Hey! McHugepenis sent me SO BACK OFF!
So this is the +23 comment from the country that "invented" initiative...
"So you flip piece of shit houses by buying them and making them barely legal only for the new owners to figure out a year later there is fuckin mold and chink dry wall silently poisoning the inhabitatants children."
I'm amazed it wasn't from akak (anagram of KAKA, hebrew slang for "shit") as he is normally the twat who can't argue so simply reverts to character assassination.
Bravo ZH readers, lead the way, condemn a man who works hard and makes an honest buck, shocking! Instead why not winge, moan and whine about the gold price?
Now that was a RANT! Good job! I'm gonna go punch a real estate agent.
Pathetic. With a British accent. And you get a +9, fucking christian brotherhood.
i am going to keep my eye on you you have potential
"I expect you to die"
via lazerbeam....
http://www.youtube.com/watch?v=U1TmeBd9338
Bought my gold at 1100 per ounce now it is at 1700 per ounce........ as long as the printing press Bernack is creating more fake dollars, my gold will continue to go up.........
next bubble will be the falsely inflated houses you'll be stuck with when the burst happens......... make it while you can, because your worthless cash your busting your butt for will buy you nothing when the SHTF! In the mean time, I'm using those worthless dollars to by gold, food, guns and ammo.
It should be reason enough to buy some gold when you see a central bank withhold details on even if it has it!!
The Deutsche Bundesbank and its Gold: To trade or not to trade?2400 GOLD BY 2013 September
Intrade. When your government makes it legal again.
Gold haters abound tonight! Fuck gold, glad I bought AAPL (2 mos ago), uh, FB(6 mos ago), uh, I mean NFLX(few mos ago)...nevermind. Silver?
+1 Are you MDBs investment advisor? Ooops, I meant Robo.
Drop the paper market in Asia and try to get them to part with some of theirs, since Asia's been fucking the bullion banks out of physical every time the BBs fleece the hedgies in the paper markets in US market hours. But I don't think you can fool the guys who invented the 'sell paper and buy physical' game into fucking things up and selling the physical back - totally different motivation at play. Nice try though, fuckhead paper traders.
I'm going to have to agree with SilverRhino.
Not only is gold the most conductive metal known, but it's also one of the most inert, as it does not react with oxygen or just about anything else. The only thing that can dissolve it is Aqua Regia ( a mixture of hydrochloric and sulfuric acid). When you positively have to have a working nuclear trigger, only gold contacts work for that.
It is also quite dense and makes quite good radiation shielding. They used it to shield the lunar landers. A thin layer of gold foil will protect you against fast moving neutrons, as they are likely to be deflected.
Who would not pay a premium for that?
Actually, silver is the most heat and electrically conductive metallic element, followed by copper and then by gold, although the differences between them in that regard are rather small compared to most other metals.
You are correct about silver being more conductive however, copper and silver both tarnish in the presence of oxygen. Gold, PGMs and a fewother elements however will never undergo a slow combustion (rust is an exothermic reaction) .... which is one reason gold is prized in circuitry. No oxidation means no loss of current ... ever.
Well said and accurate. The best way of making money from the not very intelligent though is selling connectors like HDMI plated with gold. It easily makes them worth 10 times more (not).
Mugs gallery: http://www.neoseeker.com/forums/30444/t1304657-gold-plated-hdmi-cables-w...
Got an argument with Freegold? Now's your chance to step up! fofoa.blogspot.com
Bring it!
Looks like both Gold & Silver are down 2% in Asia; tomorrow might be a buying opp.
But at least the property market is recovering!!!!
Why does gasoline and gold go up and down together?
Tradition
Laughing out loud, Akak, because I know exactly what that is from (Why don't they hold diamonds?)
short answer: they don't. Commodities all generally move together as they are not-paper vs stuff that is paper BUT they have their own diverse patterns, in minutiae - copper, silver, gold, oil, gas, land, sugar, corn, wheat
But the inflation the Fed has created will drive them all up. Sure, things like weather affect corn, but that is just supply/demand fluctuation of the underlying asset. The other supply/demand is with dollars, and there are more dollars, and therefore the prices get bid up.
Great post, can't wait for gold to shine
Riding BART to Berkeley, I had a conversation with a Swiss German doctoral student in computer science, specializing in cyber security.
When the topic came to bit coin, he said that it is a poor store of value due to it's volatility.
Given his credentials, I'm guessing he is gunning for a career with the big banksters.
Ever since the crash of bit coin from 12 to 8 , I figured that the PTB are doing the same with Bit coin that they do with gold, only it's less than pocket change to accumulate, then dump.
I suspect that front running them might prove profitable., buying the dips and selling the rips.
Some people know what the USSA does with the treasury secret slush fund called the Exchange Stabilization Fund.
Read it on up Boris.
And I recomend learning about it to everyone.
It most likely is resposible for lots of the gold price supression game.
ESF is the gold bugs enemy.
Know yor enemy.
just keeps getting hammered down. Wouldn't be shocked to see Ag down 3% come open tomorrow.
Gold and Silver is so yesterday. I like my PM's without any paper manipulation. Cuz nothing is sexier than physical PM's coming in "sponge" packaging. Rhodium and Rhenium...Bitchez.
Besides, If that trade doesn't work out I can always go into the jet engine fabrication and electroplating businesses....I bet I can even get a loan from my Dear Uncle Sam. I just hope his printer doesn't run out of toner.
check out the yahoo finance silver page. Not SLV but just silver if you go to the commodiites on the bottomish side right. Huge spike up then back down here at 12:40 central time is when I looked at it. Kitco prob has it removed already.
One thing I fail to understand is that why most analysts are recommending the purchase of Gold, Silver, Oil as a investment to hedge against inflation? The problem today is that the price of Gold and other commodities 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.
http://www.marketoracle.co.uk/Article35345.html
www.letstalkmoney2012.in
Gold is being panned; now trading below 1700. Oh yes, must represent a once in a lifetime buying opportunity.....
The only catalyst for Gold going forward is going to be war; Syria/Iran. In the short term, it does not have a leg to stand on.
Gold is being panned; now trading below 1700. Oh yes, must represent a once in a lifetime buying opportunity.....
The only catalyst for Gold going forward is going to be war; Syria/Iran. In the short term, it does not have a leg to stand on.
This is a paper from the future!!!! It is dated December 2013 ...
lol
This is a paper from the future!!!! It is dated December 2013 ...
lol
The GODs must be crazy
"conventional financial asset allocation models and procedures are obviously failing and the reason is simple:"
NOT!!!
Gold will go down, buy after x=mas.
ETF new 52 week highs!!
this is a trend, is it not?
!!! EWQ France Index!!!
TAX the rich - new 52 week high.
52 Week Highs
AAXJ All Country Asia Ex
AIA S&P Asia 50 Index
ALD Asia Local Debt ETF
AUD Australia Bond Index
BBRC Egshares Beyond Bric
BSJE 2014 HY Crp Bond Bul
CGW S&P Global Water Ind
CHXF Wisdomtree China Div
COLX Colombia ETF Market
CUT Timber Guggenheim
CZA Midcap Core Guggenhe
DBV DB G10 Currency Harv
DEW Global Equity Income
DFE Europe Smallcap Divi
DLS Intl Smallcap Divide
DOL Intl Largecap Divide
DTH DEFA Equity Income
DWM DEFA Wisdomtree
ECON Emrg Mkts Consumer
EEMV Emrg Mkts Min Vol
EFA EAFE Index MSCI Isha
EFAV EAFE Min Volatility
EFG EAFE Growth Index
EFV EAFE Value Index MSC
ELD Emrg Mkts Local Debt
EMHY Emrg Mkts High Yield
EMLC Emrg Mkts Local Curr
EPOL Poland Investable
EPP Pacific Ex-Japan MSC
EUFN Europe Financials
EWA Australia Index MSCI
EWG Germany Index MSCI
EWH Hong Kong Index MSCI
EWK Belgium Investable
EWL Switzerland Index
EWN Netherlands Invstbl
EWO Austria Investable
EWQ France Index MSCI
EWS Singapore Index MSCI
EWU United Kingdom Index
EWW Mexico Investable
EWY South Korea Index
EZM Midcap Earnings Wisd
EZU EMU Index MSCI Ishar
FAA Airline ETF 33.01
FCAN Canada Alphadex Firs
FEU SPDR Stoxx Europe 50
GRES IQ Global Resources
GTIP Global Inflation-Lin
GWL SPDR S&P World Ex-US
GXF G-X FTSE Nordic Regi
HYEM Emrg Mkts High Yield
IEFA Ishares Core MSCI
IEMG Ishares Core MSCI
IEV S&P Europe 350 Index
IFAS FTSE Epra/Nareit Dev
IFGL FTSE Epra/Nareit Dev
IFSM FTSE Dev Sm Cap Ex
IGEM Industrials GEMS ETF
ITIP Intl Inflation-Linke
IXG S&P Global Financial
IXJ S&P Global Healthcar
IYJ DJ US Industrial Ish
IYK DJ US Consumer Goods
JKG Mstar Mid Core Index
JNK SPDR High Yield Bond
KXI S&P Global Consumer
LEMB Emrg Mkts Local Cur
MCHI China Index MSCI Ish
PCA Riverfront Tactical
PHDG Powershares S&P 500
PHO Water Resources Powe
PICB Intl Corporate Bond
PIE DWA EM Mkts Technica
PIZ DWA Dev Mkts Technic
PLND Poland ETF Market
PSP Global Listed Privat
RFG S&P Midcap 400 Pure
RPV S&P 500 Pure Value
RWX SPDR DJ Intl Real
SCHC Schwab Intl Smallcap
SCHF Schwab Intl Equity
SVXY Short VIX Short-Term
THD Thailand Invest Mkt
TLTD Flexshares Morningst
TLTE Flexshares Morningst
TUR Turkey Invest Mkt
UPV Ultra MSCI Europe
VIS Industrials ETF Vang
VNQI Global Ex-US Real
VTIP Vanguard Short-Term
WIP SPDR DB Intl Govt
WOOD S&P Global Timber
WPS S&P Dev Ex-US Proper
XIV Daily Inverse VIX
ZIV Daily Inverse VIX
Don't fight the tape is a term used in finance. It means do not bet or trade against the trend in the
financial markets, e.g. if the broad market is moving up.
52 Week Lows
CANE Teucrium Sugar
CVOL C-Tracks Citi Volati
DPK Dev Mkts Bear 3X Dir
EDZ Emrg Mkts Bear 3X
EEV Ultrashort MSCI Emrg
EFZ Short EAFE MSCI Pros
EPV Ultrashort MSCI Euro
EUM Short Emrg Mkts MSCI
FAZ Financial Bear 3X
FXP Ultrashort FTSE Chin
HDGE Active Bear ETF
JO DJ-UBS Coffee TR Sub
MIDZ Midcap Bear 3X Direx
MZZ Ultrashort Midcap400
SGG DJ-UBS Sugar TR Sub
SHM SPDR S/T Muni Bd Bar
SJB Short High Yield Pro
SMDD Ultrapro Short Midca
SUB S&P S/T Natnl Amt
TUZ 1-3 Year US Treasury
UVXY Ultra VIX Short-Term
VIIX VIX Short-Term ETN
VIXM VIX Mid-Term Futures
VIXY VIX Short-Term Futur
VXX VIX Short-Term Futur
VXZ VIX Mid-Term Futures
XVZ S&P 500 Dynamic VIX.
My last buys:
BRF
RJA
FCG
NLR-The GODs must be crazy
VOX
IXP
TWO
PEY
FDL
and 1 is down-
AT
I would rather buy gold over 2,000 and stop at 2,000.
But I may buy after x-mas, Last year was just too good:)
Elliott wave count for gold still shows bearish and has for many months.
http://bullandbearmash.com/chart/gold-climbs-early-falls-days/
1000s of billions in debt and climbing. They've ruined the doomed money. You gotta get out of that.