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“If Just 1%Of Japanese Pension Assets Shift Into Gold, The Gold Market Would Explode”
Last night we reported that in the encroaching attempt to globalize the fiat ponzi regime, in Japan's latest rush to crushTM (sounds even better than race to debase) its currency it would proceed to monetize even more debt, only not its own debt - a strategy that has failed miserably to stimulate inflation for the past 30 years - but that of Europe.
So far so good, and perfectly expected in a monetary lunatic asylum in which coining money without an appropriate collateral backing is actually considered sound monetary policy by Nobel prize winners.
What gives us some hope that there may be at least one sane voice left in the wilderness is the far less trumpeted news overnight that "Japanese pension funds, the world’s second-largest pool of retirement assets after the U.S., will more than double their gold holdings in the next two years as the new government pushes for a higher inflation target, according to an adviser to the funds. Assets held by Japanese pension funds in gold-backed exchange-traded products may expand to 100 billion yen ($1.1 billion) by 2015 from less than 45 billion yen at present." The reason for the move is fear that Abe is actually able (unlike last time when his failure was accompanied by an inexplicable case of career-ending diarrhea) to hit his goal of 2% inflation, without in the process sending bond yields so high all tax revenue goes solely to cover interest expense on the JPY 1 quadrillion pyramid of debt and rising. Which, incidentally, according to many traders is the reason for the move higher in gold prices today.
From Bloomberg:
Mitsubishi UFJ Trust and Banking Corp., which introduced Japan’s first gold ETF in 2010, expects assets held in the product to double over the next several years from 26.2 billion yen as of Nov. 30. Global investors are holding a near-record amount in gold-backed ETPs that are valued at $139.6 billion, data compiled by Bloomberg show.
Assets held by corporate pension funds in Japan amounted to 72.24 trillion yen as of March 2012, declining 0.9 percent from a year earlier, according to Yasuo Sugeno, director at Daiwa Institute of Research in Tokyo. Of the total, about 72 billion yen were allocated to commodities including gold through hedge funds, he said Dec. 10.
Government Pension Investment Fund of Japan, the operator of the world’s largest pension fund with 113.6 trillion yen, stays away from commodity investment as 67 percent of their assets were allocated to Japanese bonds, Sugeno said.
Japanese pensions oversee $3.36 trillion, according to human-resource
and consulting services company Towers Watson & Co. Corporate
pension funds in Japan will diversify 72 trillion yen in assets after
domestic stocks produced little return in the past two decades,
according to Daiwa Institute of Research.
So after the rotation, paper gold holding will double to a whopping... 0.03% of all pension fund assets! Now imagine what happens to the price of gold if Japan does indeed succeed in generating inflation, and pension funds scramble to push 1, 2, 5% or more of their assets into gold. Sure enough:
Perhaps it is time for the punditry and the chatterbox media to start considering what happens not when the much anticipated rotation out of bonds and into stocks, which has not happened for 4 years now, and won't, at least not until the government bond bubble finally pops which will only happen when the central banks finally lose control, but what happens if even a tiny amount of the global pension capital allocated to bonds and/or equities, is rotated into gold.
“Pension money invested in bullion is ‘peanuts’ at the moment,” Toshima
said. “If 1 percent of their total assets shift to the metal, the gold
market would explode.”
Could not have said it better ourselves.
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gold-ichiwa, bitchez...
Fucking do it then! Rush to crush was a college game. Girls loved it.
It's just like if someone threatened to ban, say, something plentiful and readily available like "Assault Clips" (ROFL), then suddenly there wouldn't be any available, at any price, anywhere.
Or something like that.
Sod Japan. How about a simiar amount from The Fed's blob-like spreadsheet!
http://confoundedinterest.wordpress.com/2012/12/16/the-new-hoover-dam-20...
The CB FIAT Printing And GOLD Manip Will End Soon, This YEAR, Bitchezzz.
GOLD will be the Star.
Unfortunately, if they've been naive enough to buy Japanese bonds, they will be naive enough to buy GLD
article is total BS. ETFs can expand infinitely to accommodate influx of monies.
It's not real gold...it is options to have gold or promises to possibly deliver gold if they don't have to go to too much trouble to get it.
ETFs and the lot permit the manufacture of infinite ounces of paper gold and a mechanism by which cash can settle in lieu of real material. Even allocated accounts work this way.
I wouldn't call it BS, but iI must admit I kept looking for the Goldcore byline
yeah; something like that. I think it's called supply and demand; but that's unnecessarily confusing. I pointed out, until I got tired of pointing it out; the Silver Bullion Market, (talking about what's actually available to buyers, ok?), is so small that a couple of rich families in Europe could get together an buy the whole fucking thing. And they might. Why not? The Silver market is like the powder hold in a an old wooden sailing ship; it might not explode; but then again it might; and it takes so little to do it. Capitalists love corners on markets. If you were clever you could sell 14th. of your holdings back into the screaming maw that had become the market, (with no silver available), and get your money back and keep the other t/4ths of the Silver for free. I find it very helpful to consider these kinds of scenarios when the market is depressed and not rallying, like it is now. (the silver market).
why the hell would someone want to buy the silver bullion market?
You silverbugz need to have your heads examined...praying for a market corner so you won't be a bagholder
super post it amazes me that half a dozen hedge funds dont quietly informally co ordinate themselves and blow those thieving motherfuckers at jp morgue off the fucking face of mother earth
there is such a thing as a laydown trade ... they are admittedly rare but from time to time they occur ... silver has a 33 year double top at 50, unheard of in the history of technical analysis take out 50 and its 67 the same day headed for triple digits
If this Jananese "Gold Backed" ETF has a prospectus anything like the GLD, these Japanese pensions will NOT own any gold!
WRONG! Gold will not explode up until the ponzi scam suppression is removed, even if they buy in 10%! Don't you get it yet Tyler? Gold should already be well above $2,000.
It's practically impossible to prevent gold price from rising once the positive sentiment toward physical metal starts prevailing worldwide, regardless of the degree of suppression. The risk of default would increase beyond acceptable limits; the COMEX market would collapse literally in hours (or nanoseconds). And if this were to happen the price would skyrocket not to the Moon but to the Sun.
And that is what's happening right now; a shift from paper to metal perception of gold. The fact that gold is not well above $2000 costs the manipulators probably an incredible amount of effort in order to preserve perhaps the last remnants of the paper gold illusion.
Because they know that JPM would smash it again. Apparently the FED has decided that $1650 on gold and $30 on silver is a safe number for the fiat and that is where it will stay for now.
well put the operative words being for now
How do you say bitchez in Japanese ?
.
chinpokomon
Sounds like Pokemon !
Are you sure ?
I don’t want to order my T-shirt with a word that means something else.
(Thanks)
BTW, the literal translation of "teme" is just a rude way of saying "you", rather than saying the more respectful form of "you" which is "anata"...you really gonna put "teme" on a t-shirt?
The word you're after is "douseiaisha".
Crap, I just got a cool tatoo with that ideogram at the center.
They told me it meant "recieves abundantly"
http://translate.google.nl/#en/ja/bitches
..according to Google translate.
??? (teme)
(cue jap accent and dramatic pronunciation) TEEEeemmmEEEE! gold-itchiwaaaaaaAAA!
*edit, lol hiragana characters come up as "???"
Closest would be Kuso-onna.
It means "shit-woman".
And if my nut-sack didn't have wrinkles it would be a tennis ball!
I'm gonna put THAT ^^ on a T-shirt!
In all honesty, with keynesian policies the focus is always to avoid the end game when the going gets tough.
So calling their debt policy a failure when kicking the can down the road is the strategy is not very clever. If anything they are the masters of fiat currencies.
Yeah, yeah, yeah. The Japan Post Bank sits on one of the biggest piles of private cash (possibly the biggest pile) in the world. It is also the biggest holder of Japan's debt. If it even sniffs at the gold market, people will sit up and take notice. But they haven't and they won't. I mean, I'd like Ben Bernanke to give me a check for a billion dollars too, but it isn't going to happen (unless bread costs $1 million a loaf)
http://www.businessinsider.com/debt-ceiling-deadline-february-15-march-o...
Surprise: We Might Hit The Debt Ceiling Two Weeks Earlier Than Expected Ooops.30 billion in interest daily? Something seems amiss. More importantly, to whom is all that interest going?
Why widows and orphans, of course.
Platinum Trillion Dollar coins - Bitchez! I call them Krugmans.
If this happens, I'm calling silver at $30,000,000,000 per ounce.
I would be a quadrillionaire then!
Assuming that Timmy had in mind a 1 oz coin, at 1574/oz Timmy wants a 635,324,015 % devaluation ! That’s what you’d call Hyper Inflation.
He must have attended a training course given by Zimbabwe’s central bank.
dat be rayciss...what happened in rhodes, i mean zimbabwe, was all white people's fault
gideon gonzo presiding
Maybe they're afraid the island would flip with the extra weight or maybe rockschilds told them they'll have to get rid of the radiation first.
if they keep buying paper gold my guess is the banks will keep finding a way to make sure there is enough paper available.
Hello BITCHES! You are now in the presence of greatness.
Grats on your first ever post after 45 weeks.
It's time to play... Name That Sock-Puppet!
First clue: Obnoxious asshole.
Hmmm... that doesn't narrow it down much.
Stay tuned for more clues!
Yes, thank you. It has taken some time to choose a character.
You have chosen ... poorly.
Whatever MynMaxGullyFromm.
Perhaps he was tanning his Hyde with Boner
Let me know when they start taking delivery, then we will have a story.
I read yesterday that my old school district was trying to levy a 9.5% on residents or they would have to shut my high school down because of budget problems. So I went to the budget meeting last night. The place was absolutely packed. The first slide they put up showed that 80% of the 2013 budget was going to pay for pensions and benefits of retired employees. 80%!!! I knew things were bad but the math and the demographics by me would make Kyle Bass blush.
That's unbelievable. How receptive was the audience to that?
The 15% of the audience that was ballistic about it were told to shut up and that they "were the least educated people involved" for questioning the possibility of cuts to benefits.
The options on the table were to levy the tax or close several schools. That really accomplished nothing because the remaining teachers/administers etc. would not have lost their jobs. They would have just been transferre.
The audience was too concerned with yelling at each other over which schools should be closed. That seems to be the way they are leaning. The superintendant had cue cards from the crowd he was supposed to read. He started skipping over several of them and everyone started screaming that he was cherry picking the questions.
Long story short it went about as expected.
similar story all over (unless you and i live in the same, dysfunctional town!). it's sad....but the beatdown of the 15% informed should convince you that we're beyond the tipping point....
as a newbie here, help me understand how to play this slow boiling away of liberties and wealth....physical gold, guns and LT food storage? what if, like diamonds, general, err, government electric can make "gold" in a lab??
my russian mother in law keeps telling me we need a dacha. i think she is probably right.
I would go with the russian mother in law; and don't forget the Mosin-Nagants and the canned ammo. They are extremely good at this shit. Remember, there the ones who told the Nazi Panzer Armys, oh, fuck you you're not so tough.
Damn right.
Its the question really.
There are several options:
1) Go along to get along. Turn in your guns, gold, and your neighbors and get a job wearing government supplied boots. The DHS, FEMA, and TSA are still hiring.
2) Prepare to join the resistance. Buy domestic farmland, dig a hole for storing hub caps and fishing rods and other things to get the attention of metal detectors, and get to know your neighbors. Store food and ammo and prepare for the day when the local govt sells out to the feds and they come to "regulate" you into a city or a fema camp.
3) Go with your plan A, one way ticket to somewhere not on the immediate chopping block: simon black style.
With all three options, the survival rate eventually drops to zero. So my advice is look yourself in the mirror and make a decision you wont be ashamed of in eternity.
Land outside of cities and liquor are other good things to consider. Liquor is easily tradeable and has an understood value by virtually everyone, and has medicinal properties as well (antiseptic, sedative). It's also pretty easy to get a fire going with a small liquor pour.
they can already make gold in a lab. Nuclear transmutation makes gold all the time.
You can't manufacture gold. Diamonds are carbon-based (like you and I, but with a different structure). Gold is a chemical element (pure substance) and comes from the stars (supernova).
You could probably pull it off in a particle accelerator, but the cost / oz would be astronomical.
Union extortion.
The administrators and union management needs to be tarred and feathered.
Wow. that;s amazing. So, that's what it looks like at ground Zero; ehh? out there in the "real" world. Nobody can grasp that all these freeloaders are going to have to be thrown out of the lifeboat and live on Social Security. Reality is so hard. "Socialism is fine, until you run out of other peoples money to spend"--Margaret Thatcher.
So the people in line for the massive retirement packages choose to fire the other current teachers so that they can maintain their ridiculously huge retirement packages...SELF PRESERVATION BITCHEZ.
Only 20% left until they turn on each other. Get your popcorn!
They are all public school graduates, so what do you think?
They drooled, flung poo.
so did I....
The doctor has issued his order. Taking delivery is what it is all about. More stories on delivery please. Until then its shoots and ladders.
Bingo! As long as this is all a paper-based series of 'transactions', the bankstahs still win. It sure would be nice to know when the scam will no longer be sustainable by mere computer entries. Somewhere, somehow, a physical transaction will have to occur (even if it's to shuttle more metal to one of the Rothschild's vaults) of sufficient size, that will be the first publicly recognized domino?
Then again, they seem to be managing quite well so far.
And if just 10% or so of us physical gold owners DECLINE to sell (esp. central banks), game over. $55,000.
Hhmm, does it matter if no one is willing to sell Japan the commodities they need to survive?
This was called WWII
Gee, glad to see someone gets it. Same as it ever was as the outcome will be no different this time around.
Brilliant.
ehm... N/A
Their asset's in the US were frozen and pre-WW2 Japan was being embargoed for metals and oil - by the US
Today's Japan exports plenty - when you have something to trade...
Indeed sir,With what perchance do they have to buy said commodities?
Their currency seems a bit risky to hold, what.
In all the yearning for a weak Yen, not a single idiot on tv over here has once mentioned that every tick down in the Yen means higher prices for EVERYTHING in a country void of natural resources. Imported or domestically produced, it all has input costs priced in $.
A fact so glaringly obvious and so obviously ignored by Japanese media that it leads me to believe that the fix is now in with an unstoppable move toward an Asian monetary union of sorts.
Good. We need a massive buyer of paper gold to offset the sellers of paper. The Japanese would make the perfect foil.
China can buy the physical stuff while Japan buys the paper.
The sellers in the West will get a golden enema.
WRONG! More flow gives more dry powder to short.
Pension funds are in deep trouble worldwide. It's only a matter of time before at least some of them realize that putting a significant portion of their assets into physical gold could kick off a gold rush that would enable them to recover from their losses of the past few years. Then when the price of their gold assets had increased by 500-1000% they could sell into the frenzy that had created and sit back and watch the fun from the sidelines.
Americanspirit I meant to put my post by you and put it above by accident. Pensions can have all their problems solved through your property taxes. Right up until they can't.
americanspirit ...Jamie?
Is that you?
Listen to me...go into the Light!
Now reach back into our past when you used to have an open mind, remember that? Just try to use that for the next couple of minutes.
There is no death. It is only a transition to a different sphere of SIFI.
Ignore Lloyd... He lies to you. He tells you things only a bankster can understand. He has been using you to restrain the gold price. To you, Lloyd is simply is another bankster. To us, he is The Beast.
(Nods to Poltergeist - 1982)
What's funny is that when I tell people that their pension is worthless, I always get the reply, "Oh, ours is okay, its funded at X%, which is much better than the [local police/fire/teachers pension] which is only funded at Y%" (where X > Y).
I then point out that both pension plans used to have a much higher number, and that all of them are approaching zero, just at different rates depending upon the insanity of the math involved (usually union dependent).
Then it's a quick mental trip into our future of living in ZIRP World to see that there is means of getting ahead, other than tangible assets.
They usually tell me that theirs is in a "stable value" fund. I point out that stable value funds owned a boatload of MBS, CDO's, CLO's and CDS worth 25 cents on the dollar. Congress forced FASB 157 on the accountants so that the funds can LIE that those things are still at stated value.
ZIRP is a symptom, not a cause.
You need to understand how yield gets paid and what could cause yield not to be able to be paid.
Yield=growth.
He who panics first, panics best.
It may as well be, but there is a fundamental assumption that the pension funds DO CARE about wealth preservation to wealth extraction, and that the pension fund managers DO CARE about long term view ( 5 -10 years), when they will be long gone from the fund management compared to the 1-3 years time line an their CURRENT salary/pay-check/bonus AND NOT DISTURBING the system and the powers that rule.
This is probably true for the pension funds from a group of Countries like: Russia, Brazil and Chile. Countries that are comparatively wealthy and have a lot to gain from changing the current financial order.
Japan was bought & sold in 1946.
More chance of a pink elephant flying, landing & my (gorgeous girlfriend) accepting anal penetration from it...whilst sober :)
ZH/Tyler, u know rothschild Inc run the system, why you posting non-realistic crap?
And if just 0.00001% of Japanese Pension Assets shifted into my bank account, my prospects would explode :O)
'Bout as much chance of happening, 'tho...;o(
(Disclosure: long all PMs, incl. Au, Ag, Pt, Pb...)
I think they are buying now...you would not want to telegraph it though....and I don´t think they will store it in some New York Or London vault....all I hear are buyers.....who is selling....???
A friend I have runs a warehouse business for a major high street brand and took on a Japanese fella last week.
He was put in charge of looking after supplies. He told me after his first day at work, for eight hours no-one had seen hide-nor-hair of him. So my mate was not in the least happy as you can imagine, so he went looking for him, after going down one of the massive isles of products the Japanize bloke jumps out half way down and shouts,
"SUPPLIES!!!!!!!!"
I think he sacked him?? Fuck knows what for?
Oh, very well done Bruce,
Very well done.
Sorry, its my imature and irresponsible side coming out. Just like the politicians and wankers.. sorry bankers that make me like this.......
:-)
That was really funny, Inthemix96!!! Thanks for posting that - haha!
Thanks Thisson, but thats nowt.
A friend of my wifes partners husband who makes $86 an hour had walked into her home and found out that her husband had been having an affair. She waited till he was asleep that night and snuck upstairs and cut his cock off.
Now when she got in the car and was flying down the motorway she didnt know what the hell she was going to do with the severed cock so chucked it out the window.
Now Paddy and Mick the two Irish fellows were going along in their van when the cock hit their windscreen.
Quck as a flash, Paddy says to Mick, "Bejesus son, you see the size 'o' that cock on that fly?"
;-)
Agree with Thisson. You are funny, Inthemix96.
http://www.youtube.com/watch?v=4I9CwlPk8GE
Cheers mate, in these times of universal hardship why not try and lighten the load?
Good folk will prevail friend, and if you lose your heart and your laughter what the fuck is left to fight for? You have to laugh mate, if you didnt you would cry. I try my best to keep peoples chin up, and the best way I have always found is making them smile.
We aint all blood sucking parasites, some of us are just us. People. Keep on keeping on friend, we will find a way.
:-)
been sic with flu for 2 days - i needed that _ thanks
Anytime friend, anytime.
Chin up, eyes wide, we aint done yet. And a happy new year to all you bitchez.
Moreover if 0.1% went into silver, the silver market would explode.
...the plaintive wail of the silverbug
... the moronic and completely disingenuous wail of the bond-buying bagholder.
Not if it is paper gold and the counterparty is adequately hedged with derivatives ... isn't that how the whole dollar based world works now?
If only the banking cartel does not control the game. It will come eventually if backed by bigger players like China and Russia in my opinion. I think the current market structure still favors US in regards to Japan if they want to destroy their market if someone threatened to redirect part of pension funds to gold. They are not stupid at math I think when it is about their game and their rules. But I know shit :)
It is the common person that is always screwed. If pensions funds tried to allocate 1%, 2% or 5% into gold, I suspect they would do so through an ETF. In turn, it would probably implode leaving the common person up shit creek.
...And all the children will have to learn a new game once rock covers paper.
Paperbear
Paper dreams...
Can a pension fund REALLY invest in gold? I mean...on a practical level. It'd seem there may be barriers other than understanding which result in the relatively low rate of investment into gold.
------------
PS: "I crush the rush!" -- Phil Anselmo
http://www.youtube.com/watch?v=81CQqZ5KNt8
Why not? It's a tier I asset under Basel III rules. Can't get better than that. As long as you get actual gold and not the paper, dead end fraud of an ETF statement.
Does any given pension fund have a vault and a security department? A fleet of trucks to collect the commodity? A staff of agents operating internationally who can make the necessary purchases?
look up bullionvault.com on google; it's all taken care of already; and there are thousands of Americans who own gold and silver there; and it;s all real; it;s all there, and it;s very, very easy. And legal.
The purchases are made at the LBM; which has existed for a long time. (London Bullion Market). All the details are already taken care of.
You can actually put your IRA into one hundred percent real Silver Bullion, Vaulted; allocated; no jokes. I'm not making this up; I've already done it for a couple of friends of mine. Look it up on Google. Bullionvault.com.
Can a pension fund look 'em up and just send a purchase order for $5 billion in gold, you think?
In a case like that I refer you to Kyle Bass and his experience as a fiduciary agent for the University of Austin. He encouraged them to take allocated signature delivery of their gold; which they did. I think $5Billion is not what bullionvault is set up for; but you could ask.
So how about if a pension fund took delivery of $50 billion in physical silver?
Wouldn't that do it?
Do what? I don't think it would blow up the price of GOLD, if that's what you mean.
They'll put the money into what their NY Overlords tell them, meaning GLD, which actually owns no gold.
Another Japanese investing success story.The last shrewd, independent minded Jap was killed by my uncle on Iwo.
Wrong..... London Overlords.
No it was that guy they found in the 70s hiding in a cave in Guam who thought the war was still on. Or else it was my friend Fumi who is a cartographer and sailed his boat around the world. He bought me drinks all night one time and said he owed it to me because Japan was rich and Americans had bought him everything when America was rich.
Japanese economic and fiscal leaders believe that just injecting some inflation into the Jpanese financial system can solve a whole host of systemic economic problems? That reminds one of the old saying about if the only tool you have is a hammer, then everything looks like a nail.
So true in this case. Japan is maintaining one of the highest standards of living in the world even as growth remains elusive. Since population is now moving negative Japan may well get by with a shrinking GDP as less demand from less people shrinks the overall economic pie.
Since older Japanese have saved heavily for retirement and Japanese hold much of their own debt, they do not face troubles like Europe and the USA. With less people going forward then less demand on resources and more of everything for the remaining people might not be so bad a thing. Europe afer the black death bounced back on the back of more land and resources and more value attached to labor. Japan, if well managed, can survive the problem of too many old folks for a few decades and then bounce back with more space, more value to labor, more resources, more food and less pressure on the land in a crowded nation. Their only fear would be outside foreign threats. I suggest Japan build a nuclear force and do just like Russia has. Issue a military policy that says that "First use of nuclear weapons is resevred for the defense forces should any foreign force enter their territory that can not be dealt with by the nation's convetional defense force" First use means tactical nuclear weapons used over a force invading the nations territory.
Safe behind this force, Japan could remain a wealthy prosperous and more long term oriented economy of say 75 million people, instead of searching for population growth to gain GDP growth. Why should Japan give up it's culture and race just to satisfy corporations wanting a bigger market in Japan and a bigger pool of labor at lower wages in Japan?
Japan should go it's own way. It has proven it can compete and survive in a global capitalist system, it just may not be as BIG a nation as a share of world trade. With a smaller population to service who cares.
You are looking at everything way to abstractly. Japanese haven't invested as you claim. The term "investment" implies that stockpiled resources were consumed in order to produce "capital" which is a fancy word for equipment or infrastructure that will yield more in increased productivity (over time) than was consumed to create it. This doesn't describe Japan. Japanese people turned over their stockpiles and received paper receipts for them. The stockpiles were squandered, not used to produce capital. Now the chips will fall where they may.
As for Europe, what you describe is also rendered too abstractly. After the plague hit, there were more natural resources available per capita, so the survivers were wealthier per capita. The same thing will happen in Japan, but not through proper management. It will happen as the old people don't receive their pension income and die off earlier than expected, leaving more resources for the survivors. Japan, a tiny island with limited resources, is not going to succeed through a military strategy against the rest of the world, who are not going to cave in to nuclear blackmail.
Japanese people turned over their stockpiles and received paper receipts for them.
Japan DOES have one of the most sophisticated public infrastructures in the world. That's real capital.
It also has a highly educated population with a strong sense of community and personal discipline. This is not considered "capital," but LABOR is a very important component of any modern economy.
+1 often forgotten
Nuclear contamination is also another big wildcard in Japan's future. The truth is being hidden by the govt.
SILVER
According to an article on Mineweb, the opening day sale of 3,937,000 oz of Silver Eagles is a NEW RECORD for the 1-day sales of this coin. This number is 23% higher than the opening day sale in 2012, which was higher still than that of 2011. So the trend in exponentially higher purchases of Silver coins by the general public is clearly evident.
However, the shocker is this: The opening day sale for Gold Eagles amounted to a dollar value of $82 Million (50,000 oz), while the opening day sale for Silver Eagles was a shocking $118 Million (3,937,000 oz)! So, Eric Sprott has been right all along, and people are putting as much, if not more, money into Silver as they are into Gold, and the price ratio is still an incredibly cheap 55:1 for Silver. Amazing.
Doesn't matter. Silver is a real asset and will maintain its value, but it is not a money (it is merely a money substitute) and will thus not gain as much relatively in comparison to gold (which will increase its inherent "money premium") as debts are destroyed. You silver bugs are in for a disappointment compared to gold. Furthermore, you haven't accounted for the significant risk of rising real interest rates as debts are destroyed, which could limit the real gains of both silver and gold.
sorry forgot to say this is a quote of someone elses silverdoctors comment
"Money" is an asset substitute.
And if you understood 1% of that conundrum, your head would explode.
Been doin my homework on this shit for forty years. participated in the 1979-1980 silver bubble. you don't know what your're talking about; I'm lazy; I'm not going to write a book trying to explain it to you. Start reading books. "but it is not a money" is such a stupid statement, it doesn't even really deserve a reply; but I figure somebody might actually pay attention to you, so I did.
What's money? If silver is money, is wheat flour money also?
It doesn't take a genius to call someone stupid, you know.
The silver bubble and the hunt brothers are completely off topic, and have nothing to do with the question of whether silver is money (it is not). I read plenty of books, which should be obvious since I've already stated an understanding of the relationship between PMS and real interest rates, something that is often omitted from discussions of PMs here on ZH.
Yeah; slowly, slowly the obvious gains converts. one person at a time, probably; but it;s starting to roll.
The metal market would explode...
Either Japanese have kamikaze genes, and will take the option that would vaporize their access to goods...
Or they will keep hanging by the teeth, consuming what it is left to consume in this 'american' world put on the path of depletion of resources by 'americans'...
That is such a dilemna. Wooo, you need a fortune teller to tell one option from the other. Especially one knows Japanese are 'american'.
AnAnonymous said:
What a stupid comment.
And that is the same stupidity as ever. As stupid as requesting that a cat who evolved from specific environmental pressures turn immediately into another type of cat due to change in environmental pressure and climb into your wok voluntariously.
The 40-year inflation-adjusted average for gold in 2009 constant dollars using shadowstats is ~$1675/oz. that was three years ago, prior to QE2, ,QE3 ,QE4.
If QE4 is found not to be enough to hold back a treasury market rout, or corporate bond market liquidity trap, then the amount of inflation would probably be double the assumed 17% and come in at 34%.
Sutton....
Say Rothschild, I dare you:)
WOW! Check APMEX website and look how many silver eagles are out of stock!!!
http://www.apmex.com/Category/160/Silver_Eagles___Uncirculated_2013__Prior.aspx
Wow. Not hard to see which direction this crowd runs.
Conversely, if 1% of the current gold holders were to sell. Gold would also explode...downwards.
The if my aunt had balls thing is basically what this article is saying.
Japanese pension funds will continue to buy Japenese tresuries as that is the only way to keep their system from imploding.
This year was the year of dishoarding for bullion holders, much as people would like to ignore it. In the last month alone, enough gold was sold to cover one year's mine supply, so either contracts were raided from client accounts, or central banks leased more gold again.
Dishoarding only has the effect of providing leverage to an illiquid market for bullion, so the expectation is that price aught to rise. Secondly prices remained stable because they are trading below their 40-year inflation-adjusted average.
Jesus Christ you can't even understand arithmetic. If 1% of current holders of anything decided to sell, it'd be another down day in the market. The point is that 1% of the Japanese Savers; which represents a lot of people and a lot of dollars, tried to enter the gold market in a dis-orderly manner, eg. all at once; it would cause a price explosion. the point of the story is the relative SIZE of the gold, or silver, markets compared to the savings on the sidelines; by the way; or not entirely, by the way; this also applies to the dollars on the sidelines, here, in the US. Currently in money market funds; bond funds, etc.
Wow. Not hard to see which direction this crowd runs.
Conversely, if 1% of the current gold holders were to sell. Gold would also explode...downwards.
The if my aunt had balls thing is basically what this article is saying.
Japanese pension funds will continue to buy Japenese tresuries as that is the only way to keep their system from imploding.
BTFD... IN GOLD!
“If 1 percent of their total assets shift to the metal, the gold
market would explode.”
I call bullshit - yet another false alarm.
exactly. Let me know when that shift happens. I won't hold my breath though.
It's not an alarm of any kind; false or not; it's a comparison in the size of the two markets. Wake the fuck up.
why buy gold when the central bank is buying equities?
and this from earlier today China's Gold Volume “Shot Through The Roof” Yesterday Ahead Of Lunar New Year
Submitted by Tyler Durden on 01/08/2013 - 08:18
Reuters report that Asia's physical market has picked up so far this year, with buyers tempted by last week's big drop in prices -- when prices retreated to as low as 1,626 per ounce -- and on demand ahead of the Lunar New Year, traders said. The trading volume on the Shanghai Gold Exchange's 99.99 gold physical contract shot through the roof on Monday, hitting a record of 19,504.8 kilograms, after double-counting transactions in both directions. "Physical demand is very strong," said a Beijing-based trader. "It's a combination of the attraction of lower prices as well as pre-holiday demand." But such appetite could waver if prices recover towards $1,700, he added...
Could get very interesting if anyone tries to frontrun this?
............................... iF ..............................................!
The Lorax said "Unless..."
The price of gold will do whatever the market riggers of the world(Central Banks) tell it to do. Just like every other market has. With an unlimited supply of digital trading media that can be conjured into existence at the drop of a hat and be used working in coordination with other Central Banks, they can pretty much do whatever the fuck they want with any market. The only thing that will bring the system down is a collective effort by anybody with a fucking bank account going and simultaneously withdrawing at the same time. But they are very good at maintaining faith that everything will be alright, so the music goes on until people reject the communist Oligarchs which I don't see happening anytime soon. One thing about this little game of modern day slavery is that as long as they continue to give the masses what they want they will gladly be humble little serfs that don't mind an occasional jackboot on their necks.
Silver chart I tried to post but messed up and image was missing:
Quaterly expires has marked 9 out of 10 trend changes over last 2 years. Now we are bottoming out:
http://saposjoint.net/Forum/viewtopic.php?f=14&t=3214&p=40662#p40662