Bill Gross Gets It

Tyler Durden's picture

Last night, when breaking the Buba repatriation story, we summarized it simply as follows "in brief: this is a momentous development, one which may signify that the regime of mutual assured and very much telegraphed - because if the central banks don't have faith in one another, why should anyone else? - trust in central banks by other central banks is ending." We are happy that the implicit message is so clear that everyone now gets it, including Bill Gross:

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Pairadimes's picture

You are thinking about this from this side of the collapse, where currency still has relative value (or appears to). When paper dies and gold takes its place, the transactional value of gold will expand dramatically. You will be able to buy far more with an ounce of gold then than you can today. There will be no paper currency of worth any more. Everything will be valued against another standard, namely gold, in this scenario. Bingo, instant immense wealth for gold owners. Wealth that could potentially dwarf paper-based fortunes, since relatively few will have accumulated large gold holdings.

lasvegaspersona's picture


and at that time it will be owners of gold and other physical, non-vaporized assets who will have the responsibility of reforming society. When the government tries to get it , it will be up to us to ensure the new politicians understand the fundamentals of private property that once made America great.

So  often one hears that 'they ' will not allow this or that. In the future 'we' will be 'them'.

andrewp111's picture

You will still need US Dollars to pay the IRS. As long as the USA exists, the dollar will never be worthless.

akak's picture

With all due respect, that is an idiotic argument that smacks of historical ignorance and an unwarranted faith in the omnipotence of government, if not actually siding with the status-quo PTB.

PLENTY of governments have printed their (fiat) currencies into utter worthlessness and still survived --- the government of Weimar Germany never fell during or after the German hyperinflation of the 1920s, for example, nor did the governments of Mexico in the early 1990s or that of Russia at around the same time.  Fuck, even Mugabe and his central bankster Printmaster in Chief, Gideon Gono, are both STILL in power in Zimbabwe despite the ruinous hyperinflation there a few years ago.  And I could go on and on.  Suffice it to say, you don't know what you are talking about.

cranky-old-geezer's picture



Bingo, instant immense wealth for gold owners.

Why gold will be confiscated again.  No "immensely wealthy gold owners" except the elite.

Who knows, they may confiscate gold so they can round up enough to give Germany theirs ...or ours... whatever.

I can't imagine this govt not going after privately held gold when USD really starts collapsing.

Zap Powerz's picture

I share your opinion. At the very least, I do not disagree that your opinion could be correct.  So, the way I see it, they are not the only ones that can play that game.  They arent the only ones that can take their fiat currency and buy cheap gold and silver. 

Temporalist's picture

But how does your thesis play into the Indian population holding more gold than anyone?

Ignorance is bliss's picture

Rich Indians, own more Gold then anyone. Things will stay the same as they are now.

jomama's picture

are you sure it's all been accounted for?

AllWorkedUp's picture

Interesting take, makes alot of sense. Imagine how much phyzz they were able to accumulate with all those phony FRN's in the mean time.

dtwn's picture

By families do you mean the entire population of India?  Because I believe they have more gold than anyone in the form of jewlery.  Better start learning Hindi.'s picture


the ones with the bulk of the gold will be unbelieveably wealthy forever. Everyone, which is most of the rest of the world, will forever be trapped in servitude, period.


World gold holdings (2008)

(Source: World Gold Council)[26]

Holding     Percentage
Jewellery     52%
Central banks     18%
Investment (bars, coins)     16%
Industrial     12%
Unaccounted     2%

The Heart's picture

Actually, the German folks know what is coming so it is time to boogie. Get yer gold and get before the planned war with china starts.:


Temporalist's picture

The Fed will just hire Lance Armstrong to bullshit the world for another decade or so.

Armstrong: Gold, yea we got your gold.  We never touched it.  It's been sitting there all along.  We've heard these accusations for years.  After returning the world to economic stability after the last near collapse why would we even need to mess with the barbarous relic?  That would be stupid!

NeedleDickTheBugFucker's picture

TRUST.  It seems to me that if there were any logic to our language, trust would be a four-letter word.

Joel Goodsen


WatchingIgnorance's picture

Now we know where all the tungsten went . . .

Colonel Klink's picture

Lance Armstrong and Ben Bernanke have something in common, they're both doping in their respective fields.  Steroids are to cycling as tungsten is to gold.

Wolferl's picture

Actually there´s so much surplus gold supply on the market, so they can do it without causing much trouble. Go short gold. 

Peter Pan's picture

So please remind me again why they bother to crash it all the time and why Bernanke will not agree to an independent audit of US gold reserves.

NoDebt's picture

What is this strange feeling that I'm feeling? 

I can't describe it, but I know what's causing it.  A fine upstanding gentleman like Bill agreeing spot-on with a tinfoil hat fringe blog like ZH?  That's got to be one of the signs of the apocalypse. 


Reptil's picture

LOL the tingly feeling, does it resemble:
"that was not chicken" or "I should've used a condom" or "that's not a moon"

sdmjake's picture

More like "those aren't Pillows!"

knukles's picture

More like that's not a moon, those aren't contrails and that weird buzzinghum at 2.8hz is normal (once in a while) frequently associated with strange cloud shapes and patterns

F. Bastiat's picture

There is no reason to trust Hussein Obama's regime, whatsoever.  That's the issue - the recognition that Hussein Obama is a delusional sociopath.

knukles's picture

Sociopaths by definition are not delusional, but fully aware, functional and operating in abject clarity.  They just don't give a fuck.

The Gooch's picture

The "system" eating itself.



mt paul's picture

wonder if the "system"

tastes like seal....

The Gooch's picture

Baby, even. Just kindly refrain from Alopex Lagopus I did a report on them in 6th grade. They stood out in Funk & Wagnalls as a pretty hearty sort.

besnook's picture

all these guys know what the others are doing since they are all doing the same thing. this gold repatriation thing(chavez was first)is a clear indication that there is a fear of collapse so the prudent path is first mover because last mover will find an empty vault. now, the big first move will be to jump off the ponzi train into a trillion dollar coin vehicle(state money instead of central bank money a la hitler, kaddafi, jfk and lincoln. my bet is on japan.

linrom's picture

Our Hero: Bill Gross? Move the gold back into Reichstag.


What does Gross get? "The Central Banks are run by a bunch of assholes, all they do is give money to the bankers so they can speculate, running assets up in BRICs." But this does not raise interest rates on bonds! F...ken bankers"

...Bill Gross, bond rentier

surf0766's picture

50 is the new 70 what fucktards.

jomama's picture

a couple important things have yet to develop:


1) Buba needs to formally announce the repatriation

if; then:

2) then remains to be seen if the NYF actually has said gold to be transferred

if; then:

shit's gonna get real interesting real fast

AllWorkedUp's picture

The formal announcement is supposed to come tommorrow according to Ambrose.

The paper kings at Comex will probably whack gold  limit down on the news, the crooked bastards.

Marcuz Aurelius's picture

They trust eachother for having compounded the price discovery mechanism into the ground thats for sure ! . The one who deviates first from this so called "game-theory" does it best, so having some Weimar-DNA in that good ol' wirstschaftswunderbank aka the Bundesbank might be a key asset on their balance sheet :-).

Genève Barbegazi's picture

Nonsense! Vat about Merkels Election in November!!!! Zee rothchilds cannot play sat card card just yet!!!! Zen must first secure zee political ground..... Only after nov 2013 can brobama use all of those bullets he ordered on us....

Dr. Engali's picture

Bill Gross doesn't get it until He's read it on the Hedge first....then it's....light bulb!

MyBrothersKeeper's picture

I think the truth is they don't trust each other AND the Germans are making sure THEIR gold is 100% certifiably authentic.  I mean China could claim to have a billion tons but 75% might be gold foil covered chocholate bars

plata pura's picture

the germans would be much wise and trade gold for the precious by using the gsr. verily much wise indeed.

etudiant's picture

This is quite a statement.

Allianz is the worlds largest insurer and a German company. Bill Gross works for Allianz.

So his comment is essentially a way for the German financial establishment to express their view.

Solidarity seems to be on the wane.

Lord Of Finance's picture

At least King Bill is telling the truth, unlike most of top royal fund managers/investors. It's refreshing and encouraging to see giants such as Bill speaking out against fed policy so repititously.

    All the "others" know what is about to happen, but they stay silently planning their own fortunes, not giving a rats ass about the truth.

   Sometimes I feel as if I am losing my mind in the midst of all this madness. When heavyweights such as Bill come out and speak, it reassures me that I am not.

samsara's picture

As I said yesterday in the other article, and my comment was just validated by Bill Gross no less....


Well Gentleman,  I do believe I just heard the OFFICIAL 2 Minute warning.

(Heard it that is, over the din of some fat women singing)


Please Place your final bets Gentlenan,  Window will be closing in 10,9,8,7...



Winston Churchill's picture

Singing ?

Think that Fat Lady's yodelling.

Looks like the 'you show me yours" moment is arriving.

Just whose has got the longest vault, and whose has got the codpiece ?

MrSteve's picture

Who'd a thought to hide yer pot 'o gold in yer codpiece?!?! This is brilliant on your part.