Gold: The Unsurance Policy - Love It Or Loathe It
Grant Williams, Of Things That May You Go Hhhmm, gave the following presentation at Mines & Money in London in early December laying out why he believes the gold price is languishing despite a wealth of what would ordinarily be positive catalysts. Currently, outside those who focus on precious metals, there is an enormous amount of apathy but, we suspect, that apathy will shortly turn to enthusiasm - an enthusiasm which will expose the rift between paper prices set in NY and the structural changes undergone in the physical markets over the last several years. Still, outside of today's small move, for now... Nobody Cares.
Gold: The Unsurance Policy
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I love it!
<--- Love it
<--- Loathe it
shanghai going live with their alternative phyz only price fix in april.
a premium will be set
west has to decide to lose every last drop of gold, orparticipate in the bidding war
(thats if the comex hangs onto its remaining 10 tonne registered in the meantime... 10 tonnes ? Shanghai delivers 50 a week)
they already lost every last drop
Yellow lead. Next to useless unless your into boating accidents or a dentist from the 1920's who never heard of a white porcelain filling.
Love it or hate it - Bitcoin is the Future of Money in a high speed globalised economy , gold is pure nostalgia , prior to gold we humans used rare sea shells to trade - otherwise known as 'money'.
Mr. Bernanke was correct when he said gold was a relik - just as his predecessor 4000 years ago said sea-shells were a relik when gold arrived on the scene and became money.
Welcome to the new paradigm. BTChezz.
Fillings are resin and not porcelain. But you knew this like you knew how to spell relic. Your logic is compelling if only businesses would universally accept bitcoin. Everyone does or will shortly understand gold and silver, unlike BTC. Until then...
--hezz
What will Kyle Bass' Chinese devaluation (which I agree is coming) do to China's already insatiable demand for gold?Just saying...
When it was time to replace the crown the dentist asked if I wanted the old crown since there was a tiny piece of gold inside. The barbarians.
... so you must be that 1920's dentist that never heard of white porcelain fillings .. Such coincidence.
Crowns, veneers, inlays and onlays are "porcelain" but really they are ceramic, if you must know. Fillings are resin or amalgam. So the coincidence is all yours my friend.
crazytechnician
Smart people will admit that they don't know everything.
I like BTC as a small HODLING. For experimention as payments, and maybe a "lotto ticket" (for a much higher price). BTC is very volatile, so anyone (like me) needs to be able to live with that. The technology is of great interest. And the transportability of BTC is also of great interest.
But, gold has been the world's Store of Wealth for 5000 years...
Everyone, even you, should own some gold.
thank you for a non-polemic take on the attraction but not optimum value of BTC
I am as bullish as you could imagine about the nature and potential of BTC. Friends mock me for how much I have put into it over the last three years (which is odd, because I've actually used about 80% of what I've bought and only hold a small amount as a speculative bet).
But with that said, I used most of my BTC on travel and shiny reliks (sic). No harm in diversification. You should never go full BTC, just as you should never go full Au. They both have good long-term justifications for holding.
>>>Bitcoin is the Future of Money in a high speed globalised economy
And Tom Friedman is the Seer of Seers, Prognosticator of Prognosticators.
Personally, I'm not at all sure the future will even have a "high speed globalized economy"; most of us would probably be happier without one.
@ crazytechnician
You simple, woebegone excuse for an Ayn Rand fan.
Mr. Bernanke was incorrect in referring to gold as a relic, though he was correct in privately encouraging the federal government to hold it as an asset. Similarly, the "predecessor" in your goofball example would have been correct in hoarding sea-shells while flapping to the contrary out the side of his ass. But go on and test your idea: bury yourself with one pocketful of bitcoins (provided that would even be possible), and another pocketful of gold. We'll see which pocket the grave robbers empty after a thousand or so years.
so, your investment thesis is, buy whatever makes graverobbers happy in 1000 years?
Gold is the perfect money. It will be around long after your bitcoins vanish into cyberspace. By the way, relic doesn't have a k.
Gold is the perfect money. It will be around long after your bitcoins vanish into cyberspace. By the way, relic doesn't have a k.
Look for some shit to get stirred up in the South China Sea well before then... After all, you're talking about a cornered, wounded animal who, at all cost, must keep the $USD as primary vehicle of global trade. After what just took place in Moscow with Kerry (something was revealed that put U.S. aggression on hold for now, it is going to be a very interesting next few months in the foreign policy - and by extension, FX markets.
Heard on CNBC today that gold was no longer a safe haven...but it was up today..that is how they stated it....so yes nobody cares anymore...its like they have trained the new wave of Wall Streeters to play around it...and not touch it....
The extent that the MSM goes to to stop people from investing in gold is mind boggling. None of the reasons are logical, and the opposite of them stand out like a naked person in Times Square.
The extent banks go to is also mind boggling. But once the human mind is considered - that being how people can be conditioned - it does make sense.
You see gold is money. The rich, the bloodlines that have been kings and queens for centuries and millennia, they want money because money equals power. So starting when FDR took the people's gold, and then considering Nixon put it back up for sale, it can be reasoned that it was all done for a few families to get their hands on thousands of tonnes of gold.
Think about that. What better way to get all the gold in the world, especially when millions of people are panning from North to South America for decades. Make them trust the government, rely on the government, and then put it back on sale.
Yet the kicker is when it goes back on sale tell everyone they don't want it! There are better investments! Shall we consider those investments?
Buy land even though you'll take a 30 year loan out from a bank - a bank that will make money on this process. The likelyhood the house will be forclosed on should be considered too. Go to school! Another debt obligation. Buy stocks - stocks which source the corporate motor with fuel. Or buy government bonds, the same governments that are at the behest of the corporations owned by the "royal" bloodlines.
BUT WHATEVER YOU DO, DO NOT BUY GOLD!!
Gold is the only investment that doesn't really involve any BS and regulation.. consider the amount of bullshit involved in buying a house.. just saw kevin o leary say its between 7-15% in fees and transaction costs, thats to BUY and SELL.. who are all these people paying $400k + for an average house? yet we are made to believe that without "owning" a house you're a lesser human.. what a world
Gold is the wealth, Btc is the method of transport.
Maybe gold's treading water because the world is headed for a great deflation. Nah!
What happened to the purchasing power of gold in 30s? The price of everthing went down in terms of gold (money). Just wait and see what is money, what is a commodity and what is debt when it get's real.
The TPTB hang in a deflationary economy. Their only hope is the endless treadmill of inflation. It tires the masses out as they go nowhere
They need to steal 2-3% of everyones wealth every year " Inflation"
In Your Face Manipulation: Using Silver To Control Gold
http://thenewsdoctors.com/in-your-face-manipulation-using-silver-to-control-gold/
A perfect "Devils Tower" formation on todays silver chart.
It means something, I tell ya. Got a powerful urge to travel to Wyoming.
So that's why I was playing with my mashed potatoes the other night!
Hopefully no dead flies were present. (That was actually an ad-lib added to the movie.)
It is literally spiritual and montary truth.
Love it, BTChez.
Gold and Capitalism .... are the sine qua nons .... of a rational man .... without them .... intelligent life is impossible ....I dare say no one on this blog .... has a more profound appreciation of the two .... than moi.... that's why I'm tolerated ?
Yep! You got it! You got it all!
+ 1
They are losing control and finding it harder to keep the 'markets' together... awwww the 0.00000000001% are suffering from a drop in their paper money wealth because that is all it really is....
Just think about that.....
Thank you for not typing loosing. Thank you.
Thank you alot.
Someday soon the real value of our Precious will be fully known.........
Love it or hate it? Another false narrative.
Hold some PM (5-10%, 15% max) as part of a well-diversified global portfolio in primary, secondary and tertiary assets, sleep well at night.
Ignorance is what brought us to this point!
Kirk2NCC1701
Very reasonable, Cap'n.
so 90-95% (85% Min) of your investments should be in Bankster schemes? Laughable.
Oh wait, My Cdn stocks have never recovered from 2008 and now my dollar lost 30%.
I'd bet 100% of the gold from the boating accident is 100% there and still buys what it did.
Up-voted you for the general concept. I'd say 25% max, though.
Jedem sein eigenes, as asylum-seekers say.
I go 30 /30/40platinum, gold and silver. I'm a patient investor.
My PM holdings (current $-value):
-- Au: 70%
-- Pt: 27%
-- Ag: 3%
No matter! Diversification in precious metals is a good thing!
Notice how gold is promoted every single time the DOW drops any significant figures, and that we see a rise in gold prices by a slight amount prior to DOW crashes, but as soon as everyone flocks to gold as a hedge to pile into, the price of gold drops a week later. In brief, in two weeks the price of gold will drop, guaranteed.
Anyone that buys gold is incompetent to handle money.
You mean paper gold and the price of said paper gold.
Dip shit is long Apple.
I mean paper gold, and physical, if you can get some. Who on Z/H has physical safely tucked away in a safety deposit box? Who has physical parked in the home safe, or buried under the dog house in the backyard? Anyone holding gold in a portfolio is losing money every month for over the last seven years.