• Steve H. Hanke
    05/04/2016 - 08:00
    Authored by Steve H. Hanke of The Johns Hopkins University. Follow him on Twitter @Steve_Hanke. A few weeks ago, the Monetary Authority of Singapore (MAS) sprang a surprise. It announced that a...

2012 Outlook For Gold – Positive Fundamentals Remain And Crucial Diversification

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Wed, 12/21/2011 - 10:54 | 2000874 bernorange
bernorange's picture

all that glitters bitchez


Wed, 12/21/2011 - 11:00 | 2000903 idea_hamster
idea_hamster's picture

I think that $1,625 is 35% below $2,500 (not 46%), but point taken.

Wed, 12/21/2011 - 11:53 | 2001157 s2man
s2man's picture

Correct. 2,500 is 46% MORE than 1,625.  1,625 is 35% LESS than 2,500.

Numerator, denominator. What's the difference between friends?

Wed, 12/21/2011 - 11:01 | 2000907 mrgneiss
mrgneiss's picture

Are they setting up silver for another smash?  Position limits temporarily revoked:


Wed, 12/21/2011 - 11:13 | 2000964 tmosley
tmosley's picture

This is why you cost average.  Wouldn't want to miss a naked infini-short by JPM.  That's more real money in my pocket for my TP.

Wed, 12/21/2011 - 11:19 | 2000999 mrgneiss
mrgneiss's picture

+ 47 (significant number)

Wed, 12/21/2011 - 11:53 | 2001158 tekhneek
tekhneek's picture

Looks like it's Black Friday 'til May.

"I'll play your game you rogue"

Wed, 12/21/2011 - 11:14 | 2000969 russki standart
russki standart's picture

I would not be surprised since the CME is the morgue's lapdog.

Wed, 12/21/2011 - 11:23 | 2001021 Pegasus Muse
Pegasus Muse's picture

as is the CFTC

Wed, 12/21/2011 - 12:56 | 2001407 Jonbutterfly
Jonbutterfly's picture

For those interested, TexMetals has a great promotion going on sealed boxes of 200 Grizzlies in Thermatron packaging. Spot is $7.95, which is actually really good for the grizzlies (APMEX is $10 over). Only 2400 left. If I had any cash I would buy.


Wed, 12/21/2011 - 10:57 | 2000881 Bulletsnbullion
Bulletsnbullion's picture

Get Ready For 'Peak Silver'


got mine, got yours?

Wed, 12/21/2011 - 10:57 | 2000885 lynnybee
lynnybee's picture

i've always loved gold.   back in the 90's  i bought some wonderful pieces of gold jewelry from an estate jewelry store.   i managed to  buy (used) gold bracelets out of my grocery budget !    i wondered why that gold jewelry was so inexpensive; now i know !   ROBERT RUBIN'S STRONG DOLLAR POLICY !      funny how all roads of destruction lead straight to ROBERT RUBIN .

Wed, 12/21/2011 - 10:57 | 2000888 fuu
fuu's picture

Stack it up!

Wed, 12/21/2011 - 10:58 | 2000889 dereksatkinson
dereksatkinson's picture

You should do an article like this for gold equities.

Wed, 12/21/2011 - 10:58 | 2000892 Ben Bermonkey
Ben Bermonkey's picture

Hey folks, Solar Millenium is bust! Solar Compynies down

Wed, 12/21/2011 - 12:06 | 2001224 HoofHearted
HoofHearted's picture

I was on the airplane from London back to the States yesterday. My little seat-tray advertisement for Verizon had some small print in the corner that said that it used the antibacterial properties of silver so that I wouldn't die of some awful disease I obtained while eating the crappy lunch the airline served me. (I'm paraphrasing a little.) So even if solar isn't doing as well, and my seatmate who is developing enclosed turbines mist agree with you on that, then silver is still necessary in so many ways. And those ways keep o growing. Although I have a stash of gold, too, I prefer the silver.

Wed, 12/21/2011 - 10:58 | 2000894 Panafrican Funk...
Wed, 12/21/2011 - 10:59 | 2000896 San Diego Gold Bug
San Diego Gold Bug's picture

Must see Christmas gold video bashing MF and the CME  

Watch here

Wed, 12/21/2011 - 11:14 | 2000966 lynnybee
lynnybee's picture

thank you, SanDiego Gold Bug .... that video made my day.

Wed, 12/21/2011 - 11:02 | 2000910 fonzanoon
fonzanoon's picture

CNBshit blasting NAR's fantastic existing home sales in November. Vomit.

Wed, 12/21/2011 - 11:04 | 2000920 whatswhat1@yahoo.com
whatswhat1@yahoo.com's picture

Catastrophe will come when everybody realizes that fiat is an "IOU nothing."

Wed, 12/21/2011 - 11:06 | 2000927 qussl3
qussl3's picture

Housing absolutely dismal.

Mortgages need to be at 1% to get any traction.

QE3 here we come.

Wed, 12/21/2011 - 11:06 | 2000928 Caviar Emptor
Caviar Emptor's picture

Call of the year: 

Tue Feb 1, 2011 3:55pm GMT

(Reuters) - Investment bank HSBC said on Tuesday that recent developments in Egypt had been "constructive" enough for it to view Egyptian stocks as attractively priced and to move them to overweight.

Wed, 12/21/2011 - 11:08 | 2000938 Bullwinkle Moose
Bullwinkle Moose's picture

Buy physical, and demand delivery. Put it in a safe, and forget about it.

Wed, 12/21/2011 - 11:24 | 2001024 Azannoth
Azannoth's picture

As long as you don't froget the lock combination

Wed, 12/21/2011 - 11:26 | 2001030 Odin
Odin's picture

I really wish every article on gold would start EMPHASIZING the difference between Phyz and ETF's... The sooner the sheeple start realizing the difference, the sooner we can get this gravy train rolling...

Wed, 12/21/2011 - 11:12 | 2000959 JustObserving
JustObserving's picture

China has $55 billion worth of gold versus foreign exchange reserves of $3.1 trillion. That  works out to be 1.77% in gold.

They have a long way to go to have reasonable levels - say 5 to 10%.

Besides,  real estate in China and Hong Kong is worth well over $150 trillion.  China has lots of dry powder to buy lots more gold.




Wed, 12/21/2011 - 12:14 | 2001258 Smiddywesson
Smiddywesson's picture

Only if we let them and don't reset the system.  Everybody knows we will print, and we are kicking the can for a reason, so that reason has to be, in part, so big trading partners like China have enough gold to do business under the new system to come.  We can speculate on what that system is, but they are all buying and they all refuse to say from whom they are buying.  In other words, there's a lot of gold being passed around to ready for the big reset.  I would be astounded if China only has 1.7%.  They have lied before about how much they have. 

Wed, 12/21/2011 - 12:35 | 2001341 Oracle of Kypseli
Oracle of Kypseli's picture

China mines its own PM's and is buying mines or becomes large shareholder of mining companies and sells gold and silver to itself. Already underway in Africa and can expand to Peru, Chile and elsewhere.

No need of COMEX or any other organized crime operation. 

Banksters are to Planet Earth as Mafia is to Cities

Wed, 12/21/2011 - 12:49 | 2001383 DoChenRollingBearing
DoChenRollingBearing's picture

+ 1  Yes.

China is playing that one right.  Slow accumulation of wealth OUT of dollars.

Be your own central bank!  Buy gold!

Wed, 12/21/2011 - 14:00 | 2001663 onebir
onebir's picture

"No need of COMEX or any other organized crime operation."

See also Pan-Asia Gold Exchange...

Wed, 12/21/2011 - 16:55 | 2002216 silverserfer
silverserfer's picture

well the chineese havent really given a shit about gold for 2000 years because they value jade much more. it is the gateway to heaven. theire jade stockpiles are formidable. and most honarable.

Wed, 12/21/2011 - 19:23 | 2002808 StychoKiller
StychoKiller's picture

Maybe, but ya cain't eet Jade!  :>D

Wed, 12/21/2011 - 11:16 | 2000977 Quinvarius
Quinvarius's picture

The dollar is defacto the biggest bubble in human history vs gold.  If you look at tulip bulb charts prices in gold or South Seas share charts priced in gold vs the USD priced in gold, you will see that you need to GTFO of Dollars.  Not only are they vastly overvalued and over owned, they have crested the peak.  The sad thing is, like all bubbles, the people in the USD bubble can't see it.  It is beyond their experience to prepare for it.  They get pretty ticked when you show them data too.  Oh well.  If you get your 5% in gold, you will probably break even in the paper collapse.

Wed, 12/21/2011 - 11:49 | 2001134 s2man
s2man's picture

When the USD and TSY bubbles burst, then we get to ride the biggest, baddest bubble ever, the gold bubble.

Wed, 12/21/2011 - 12:11 | 2001247 HoofHearted
HoofHearted's picture

OK, I'd recommend going even one step further. Most of us bitchez have pretty decent credit scores. Citi, JPMorgue, BAC, and others are offering all of us credit cards with zero interest for a year or two. Take them up on it. Buy as much PM and prepper stuff on the cards as possible, paying 2%-4% per month for your purchases and ZERO interest. When it al blows up you win big time. And if it doesn't, you still have your stack to pay off the bills. Or you can just decide to strategically default like so many have done in the housing sector.

Somebody show me how you lose doing this. Arbitrage, bitchez.

Wed, 12/21/2011 - 12:43 | 2001365 n8dawg84
n8dawg84's picture

That's a very interesting idea.  I've had similart thoughts myself.  My one concern with buying PM and other prepper stuff with a credit is that paper trail that leads to you when TSHTF.  Personally, I don't know whether it will matter that much or not.  However, I'd rather not risk a stash of PM or other prepper stuff (like food) trying to beat them for too much.

Wed, 12/21/2011 - 12:17 | 2001267 Smiddywesson
Smiddywesson's picture

Oh well.  If you get your 5% in gold, you will probably break even in the paper collapse.

On average, yes, but in reality some will lose less and some will lose all.

Interesting article in the AP today about money markets fleeing equities.  It is Exter's pyramid in action, but the funny thing is the public thinks the bonds they are fleeing to are safe. Leave it to the public to do the wrong thing at the exact wrong time.

Wed, 12/21/2011 - 11:17 | 2000985 Odin
Odin's picture

Imagine people en masse started to withdrawal their money from banks in order to buy and hold precious metals, how quickly that would tear them down... It's no wonder they are terrified of Gold... I say, make them try to outlaw Gold again, it will expose them... This isn't 1933, we are more educated and informed, and they know it... Take your information war and shove it up your fat ass Hilary; if this is a war, you’re outnumbered…

Wed, 12/21/2011 - 11:21 | 2001011 ParkAveFlasher
ParkAveFlasher's picture

This might be the wrong thread for this comment, but hi I'm PAF and Lord as my witness I own gold.  God forgive me for what I done to them nice banker folks.  I even traded in my dollars for PM. 

Wed, 12/21/2011 - 11:51 | 2001149 ParkAveFlasher
ParkAveFlasher's picture

yes flog me with a red arrow, I sinned and will sin again.  Evidently, after I will keep periodically sinning up until May 31, incrementally stacking my sins in secure, discrete locations.

Wed, 12/21/2011 - 11:23 | 2001023 vegas
vegas's picture

Let's be honest here  - no will on the part of politicos or central bankers, in the long run, to reign in fiat. Period.



Wed, 12/21/2011 - 11:35 | 2001083 thunderchief
thunderchief's picture

Continue to buy your  physical gold, silver and platinum and store it in a safe place. 

Do not forget the white metals platinum and silver, as they are really a bargain. 

Forget about all this until at least the end of this decade.  Make your monthly purchases and do not listen to all this static. 

You will be rewarded. 


Wed, 12/21/2011 - 11:49 | 2001133 Lost Wages
Lost Wages's picture

Hmmm, plantinum. Indeed. Been thinking about it.

Wed, 12/21/2011 - 11:55 | 2001176 tekhneek
tekhneek's picture

Me too. I'm going to get some of those 1 oz coins. I hear they have a really nice sound when you flick'em.

Wed, 12/21/2011 - 12:12 | 2001252 Errol
Errol's picture

A couple of points regarding platinum:

Tell me again how many tons of platinum the central banks are holding?

Platinum is an industrial metal, period.  Most of the production is used for catalysts in petroleum refining and in exhaust catalysts in cars.  Smart money knows these uses will decline as the effects of cheap peak oil proceed, hence lower relative price.

Does platinum (looks just like stainless steel) have that nice glow against your girlfriend's skin?

Wed, 12/21/2011 - 12:50 | 2001353 DoChenRollingBearing
DoChenRollingBearing's picture

Platinum is for optimists!  (I believe I learned that line from Mr Lennon Hendrix)  That is what makes it different from the other PMs.  If the world economy takes off, so will platinum.  Disclosure: Pt is my second largest PM holding.

Errol, I guess you have not seen much platinum.  Looks different than stainless steel to me.

Wed, 12/21/2011 - 17:53 | 2002460 Acidtest Dummy
Acidtest Dummy's picture

Pt looks like Ag or Pd enough that another test would be desirable. When a foolproof field-test for Pt is discovered then your optimism will be very well rewarded.

Wed, 12/21/2011 - 13:02 | 2001429 Smiddywesson
Smiddywesson's picture

Platinum is a fine way to transfer one's wealth through this crisis.  However, I am with Errol on this one because he seems to be saying is that platinum won't capitalize on the banksters revaluation of gold/devaluation of fiat.  It will capitalize on the bankster massive printing campaign after the revaluation/devaluation scheme, but then so will stocks as they did in 1934.  Demand destruction is a valid concern, but manufacturing took off after Roosevelt used the same scheme to restart the US economy.  I guess the issue rests on how long your time horizon is for platinum. 

Still, gold will get the first and best sugar injection from the Fed, and then a few more as things progress and they make adjustments to gold prices and exchange rates.  Silver will too, and the future for silver is bright, but I can't call it.  It will ramp on the reset, but it might keep on ramping for a decade, outperforming gold over the long run because of supply and how much more the price has been compressed.  There's also a significant chance that it will be remonitized in some nations, especially China, India, and Mexico.  That should keep the bull going.  I keep enough silver to feed myself during the transition, but recently started to stack that too.  Just because the banksters are not stacking doesn't erase the fact that they are suppressing the price.  That tells us what to do. 

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