Lepista

Gold strategy in the current economy

12,392 posts in this topic

I suspect - gut instinct - that an awful lot of dodgy gold has been sold in the past few years.

:D ...

Ag 47

Edited by SnapCrackleNPop

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So just to clarify.

Saying you "would really jump in" means you have access to either lots of cash, non gold things things you could turn into cash or you would leverage up, at £600 - but - you would need a 40% drop in price to get so excited about gold?

Do you have a house? If so, is it mortgage free?

Hi Errol!

Welcome back. Any chance of an answer to the above?

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For those unfamiliar with the original reports that 60 metric tonnes of 400oz 'good delivery' bars were gutted and filled with tungsten, and swapped with US Treasury gold at Fort Knox in a highly sophisticated plan, an excerpt of his 2009 piece is included below:

The amount of “salted tungsten” gold bars in question was allegedly between 5,600 and 5,700 – 400 oz – good delivery bars [roughly 60 metric tonnes].

This was apparently all highly orchestrated by an extremely well financed criminal operation.

Within mere hours of this scam being identified – Chinese officials had many of the perpetrators in custody.

And here’s what the Chinese allegedly uncovered:

Roughly 15 years ago – during the Clinton Administration [think Robert Rubin, Sir Alan Greenspan and Lawrence Summers] – between 1.3 and 1.5 million 400 oz tungsten blanks were allegedly manufactured by a very high-end, sophisticated refiner in the USA [more than 16 Thousand metric tonnes]. Subsequently, 640,000 of these tungsten blanks received their gold plating and WERE shipped to Ft. Knox and remain there to this day. I know folks who have copies of the original shipping docs with dates and exact weights of “tungsten” bars shipped to Ft. Knox.

The balance of this 1.3 million – 1.5 million 400 oz tungsten cache was also plated and then allegedly “sold” into the international market.

Apparently, the global market is literally “stuffed full of 400 oz salted bars”.

Makes one wonder if the Indians were smart enough to assay their 200 tonne haul from the IMF?

Apparently the demand for Tungsten is rocketing - I'm getting in early!

http://silverdoctors.blogspot.ca/2012/03/tungsten-filled-1-kilo-gold-bar.html

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We have entered the most favourable era for gold prices in our lifetime, and the share prices of the great mining companies will eventually outperform bullion prices...central banks are printing money and creating liquidity beyond the forecasts of all but the most paranoid goldbugs a year ago

Don Coxe, Strategy Advisor BMO (Bank of Montreal) Financial Group

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We have entered the most favourable era for gold prices in our lifetime, and the share prices of the great mining companies will eventually outperform bullion prices...central banks are printing money and creating liquidity beyond the forecasts of all but the most paranoid goldbugs a year ago

Don Coxe, Strategy Advisor BMO (Bank of Montreal) Financial Group

UBS Just Slashed Its Gold Price Target, Cites 'Material Erosion' In QE Expectations

Read more: http://www.businessinsider.com/ubs-gold-2012-3#ixzz1qVIAgP1K

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just picked up a few krugerrands, along with a fair amount of silver maple leafs. Feels good..

At the end of the day i asked myself a simple question - do i think that the printing/qe, bailouts, debts and inflation are going to stop - my answer was no, so i decided to buy.

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Very good report on the manipulation of the Gold price - http://www.zerohedge.com/news/paul-mylchreest-presents-various-visual-case-studies-gold-price-manipulation

The need for such concerted and blatant manipulation of gold, the arch-nemesis of the current over-leveraged world monetary system, suggests that the integrity of the latter is not just fragile, but arguably fraudulent. Understating the situation, it’s high time to be more than a little “concerned”, if you aren’t already.

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Very good report on the manipulation of the Gold price - http://www.zerohedge...ce-manipulation

The need for such concerted and blatant manipulation of gold, the arch-nemesis of the current over-leveraged world monetary system, suggests that the integrity of the latter is not just fragile, but arguably fraudulent. Understating the situation, it's high time to be more than a little "concerned", if you aren't already.

Do you not think there is quite a lot of manipulation of the oil price going on and that is having a knock on effect?

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Do you not think there is quite a lot of manipulation of the oil price going on and that is having a knock on effect?

Watching the gold and silver charts is like watching some mad out of control rollercoaster ride. They have replaced QI repeats on Dave as my main source of entertainment.

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https://docs.google.com/file/d/0B3MkIMeosHr3SG1UbW9fNlJTdm1hZWYzNnpHc2t0QQ/edit?pli=1

Quite from Chris Martenson

Instead of asking why do you think the price of gold is controlled? I ask, why do you think the price of gold is NOT controlled?

Is that a real question or rhetorical? The price of gold is not controlled/ fixed because of the great experiment in scientific currency based on monetarist theory. Was nice while it lasted.

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Do you not think there is quite a lot of manipulation of the oil price going on and that is having a knock on effect?

Think 1970's oil crisis, and read up on what caused it.

Then pm me and I will explain why since then we have had 30 years of cheap oil .. all pieces of the puzzle will fit together once I tell you what happened.

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Give a Gold Bear nothing. Let em rejoice over short term moves and puke over the long term trend.

Mods: Feel free to delete as you did with my last reply on this topic!

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:D "It's Bernanke's fault"

errrrr.........no. It's his fault.

Tanzanian Gold's "I've had lunch with some big players and there's going to be a mid-March event with gold going to $2100" Sinclair will no doubt be blaming someone else for his woeful call too.

$500 wrong. I guess that's why he's a self-proclaimed guru.

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Same old, same old ...

Interesting (in a boring sort of way) to see how low it can go this time.

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