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That vault or storage room wasn't what I expected. It was almost like a regular stock room.
In simple terms how does this paper gold thing work. Gold is a certain spot price, the gld is reflective of this. People buy shares... So do they use contracts as new money enters and then take delivery, place it in the vault.
What happens when gld is sold, the price dips and funds flow out of the fund?
Obviously no relation to the author, but need I point out the irony of it being "Rand" Refinery?
Since it is from Africa, does this make it blood gold? lol
US citizens sub set code named as gold bugs do not care about this kind of details.
As US citizens, they do not acknowledge property rights. Blood is smeared with blood from people who tried to steal their gold. US citizens gold bugs already own all the world gold by god given right.
why nouriel roubini is wrong about gold...
GATA's latest comments regarding GLD...
Not taking questions bitchez.
You assume that there is a great deal of homogenity amongst the American people and their thinking. Don't you know that our greatest strength is our diversity?
US citizens are monolithic in terms of culture and philosophy. The US is alien to diversity.
US citizens society is articulated around monetization of conflicts (among other things) and can not do without it.
Diversity in the US is just propaganda. Manufactured perception to engineer conflicts to monetize.
If the following happens: a population with certain members having one single negro ancestor from 10th generation backwards, US citizens would still claim they are diverse.
US citizenism conveys unity by homogenization and conformization (standardization)
Their call for diversity is just cheap propaganda to try to hide the very fact the US is a very efficient diversity killer. Huge human beings selection project, that is, that US citizenism.
This guy has mako like fanaticism towards a single topic... the difference between the two being this guy is patently incorrect.
gold, like a diamond, is also best polished by the blood of a bleck men
So hilarious to see Bob Pisani do a segment about gold and the growing demand for gold exposure.
"It looks like gold is crossing over $300 this week, but trust me folks, gold is going nowhere." - Bob Pisani, CNBC February 2000
It is the old switcheroo! I've seen that somewhere before...
Right when they weren't lookin. haha
Ooops..wrong one. Here it is:
The first one was still pretty damned funny. A metaphor for divide and conquer, perhaps.
Thanks. I like that one the best, but the pinata is more applicable.
i watch cnbc all day everyday while working...never have i ever seen pisani talk about gold before and he usually makes up some bullshit reason for market movements on a daily basis
this piece by zhedge is priceless
Some dumbass just pushed unemployment up.
Full searchable database of Silver and Gold bars here
I got a screen capture from the video showing some bars with numbers:
The bar has been found but not in the GLD vault.
And that fund (MSL) does use HSBC as custodian.
Funny to see Kid Dynamite over there posting congrats on the good find.
He is something else...
GLD is not a substitute for physical gold; it is simply another variant of paper gold. GLD, for example, reserves the right to redeem your shares not in gold, but in currency. Also, we will never know to what degree each bar is encumbered by third party claims. I use GLD for trading purposes, only.
I find it inconceivable that ANYONE associated with the securities industry would be honest enough nor possess sufficient integrity to not cheat when you have this massive pile of assets just SITTING THERE and not making any money.
Throughout the middle ages, goldsmiths issued paper for gold they didn't have; why the hell wouldn't these guys? If the CEO needs a bigger bonus, he would order all the execs down the line to find a way to make the profit numbers and that could include leasing out all this useless metal because gold is going to crash soon, everyone says so.
Hah, exactly what I was thinking. As soon as he started the intro for the executive, I thought to myself, "Oh man, everything this guy says is going to be a lie." What did he say?
So, in my mind, this reinforces that (1) quality is an issue, (2) quantity is an issue, (3) they are doing illegal shit, and (4) the trust is at risk.
Oh, and if 1 ton has ~32000/oz, then 40 million ounces is 1200 tons. Hugo wants his ~100 tons in physical back. Its just 10% for a country with ~30 million people.
Plenty to go around folks, plenty to go around.
One small step for gold, one giant leap for tungsten.
Man, I thought tungsten would get a mention in the 1st post. Try harder next time!
Anyone buying GLD must be smoking some serious shit.
Smoking the hopium....
Not the grasses of knowledge.
And there you have it. That bar in the video is Gold pressed tungsten.
Gold bars? Yeah we know they're around somewhere. But when do we get the special on SLV? I'd love to see the 313 MILLION ounces of physical allegedly held.
Whoops, whoops, whoops if true!
Ideed that would be a blunder of epic proportions !
I would like to watch Bob weep.
when i saw this live on TV my first reaction was to write down the serial number and check if it was on the barlist!
PissAnt was too busy getting his complimentary ZJ at the stooge bar to take time to do due diligence on the ZJ bar.
tyler, when is that invitation coming from fort knox!?!?
Possesion is 90% of ownership, and most gold in the USA is held at Fort Knox and West Point. The military has all the gold. That is why I put a permanent buy reccomendation on gold.
In this case, the phrase "It's a victory for the bulls" is appropriate.
Piss-ant-i stuck that gold bar down his pants and acted all sly, as he quietly demurred further comments, once the segment was filmed, and he's stroking it now, every night in his bed, before he closes his eyes and dreams of fields of gold.
Review the bar list again. ZJ6752 is there on page 8
ZH6752 RAND REFINERY 406.325 405.39 9977
edit: oh wait thats ZH
bitch, go find the cutest pair of pink panties in your closet and sinch em up nice and tight
mary, your ass belongs to janus...and i ain't gonna stop until i'm good and ready.
i just went through every single page (1700 plus) on that list; and i checked EVERY single bar, bitch. 'why?', your weak wittle mind may be wondern, would someone go to all the trouble? TD does not make mistakes like that. I ran down everything even slightly dubious for four months before joining this place. sure, he makes a few careless errors; but that would have been a lazy error -- and i would have said something myself. but, unlike you, i'd have been more careful.
do not ever come back again.
i fucking dare you to talk back to me, bitch, i'm holdin back now. take my mercy and leave; or stay and gird thyself. ask anybody, i ain't no nice guy -- look what i do to friends. and the difference is, i don't like you.
i will crush you,
Hey Janus, fuck off.
No one wants to see you thumping your chest b/c some blog poster made a mistake and you caught 'em.
You're so fuckin' smart, aint ya
janus, you?e a real freaking idiot but funny as hell (not in a good way towards you though)
junked for being agro....german slang for an aggressive dipshit!
since nobody can do it like janus...here goes:
i've been watchin you, and, son, you've got an itchy trigger finger; but i wouldn't waste my time with you if that was your one, lonely flaw -- hell, you're the fuckin swiss cheese of ZH posters. you don't have a fuckin clue what you're talkin about; pretending you can hang aroung with pros and steal their trade secrets...you're a simple-minded rube from the sticks in ala-fuckin-bama who don't know an spx from a vix, which is why you'll likely end all this with your sorry dick in the dirt.
you strut around here like you've got something meaningful to say, and, well, honestly, you're your biggest fan -- which ain't really sayin much. another thing, you seem to have a wicked-bad case of vertigo -- you think you're all the way up, and, really, you're somewhere off to the side of some reference point no one is ever gonna map. yep, it's lonely out in space -- enjoy that echo chamber, redneck!!!
hope that help a lil, mysery (i mean every word).
oh my goodness, Mysery.
please, please, please accept my apology.
i misread your post.
i thought you were saying that ZH wouldn't edit because they make so many mistakes...i am so sorry. i see now that you were saying the serial designation starts with ZH.
i'll delete all that i can.
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