Errol Posted November 13, 2013 Share Posted November 13, 2013 This is where all the gold will go ... China Opens Largest Private Gold Vault With Capacity For $82 Billion Worth Of Precious Metal Bloomberg reports, that a gold vault that can store 2,000 metric tons, double China’s projected consumption this year, opened in Shanghai this month as owner Malca-Amit Global Ltd. seeks to benefit from rising demand in Asia’s largest economy. http://www.zerohedge.com/news/2013-11-12/china-opens-largest-private-gold-vault-capacity-82-billion-worth-precious-metal Quote Link to comment Share on other sites More sharing options...
Errol Posted November 22, 2013 Share Posted November 22, 2013 Very interesting ... Gold Option Wagers on Surge to $3,000 Was Most-Active Yesterday Wagers betting that gold prices will rally 141 percent in about two years were the most-traded option in New York bullion yesterday http://www.bloomberg.com/news/2013-11-21/gold-option-wagers-on-surge-to-3-000-was-most-active-yesterday.html Quote Link to comment Share on other sites More sharing options...
Errol Posted November 26, 2013 Share Posted November 26, 2013 Have We Reached 'Peak Gold'? http://www.zerohedge.com/news/2013-11-25/have-we-reached-peak-gold Quote Link to comment Share on other sites More sharing options...
Old Nis Posted November 26, 2013 Share Posted November 26, 2013 That's possible. Although there is a probability that lower-grade deposits will come on stream if the price goes high enough, it assumes there is sufficient processing and refining capacity to get it out of the ground before the mining company goes bust. I feel we may be nearing the position where mines will be dug if the price enables it, but the total output may be nowhere near enough to satisfy demand. Could be very bullish for Gold prices. Quote Link to comment Share on other sites More sharing options...
Errol Posted November 27, 2013 Share Posted November 27, 2013 Possibly BIG news. They could start by investigating why it takes the Fed 7+ years to deliver German gold back to Germany ... German watchdog starts probe into gold price-fixing -report Nov 26 (Reuters) - Germany's financial watchdog BaFin has started a probe into suspected manipulation of benchmark gold and silver prices by banks, the Wall Street Journal Deutschland website reported on Tuesday. The report also said that similar investigations were under way in the United States and Britain, without citing sources. http://www.reuters.com/article/2013/11/26/metals-benchmark-probe-idUSL5N0JB4ST20131126 Quote Link to comment Share on other sites More sharing options...
GinAndPlatonic Posted November 29, 2013 Share Posted November 29, 2013 Albermarle & Bond pawnbrokers are struggling. They are melting down there gold stocks to try and stay afloat! It has taken a number of steps to stem losses, curbing unsecured lending, stopping online lending and undertaken "exceptional" smelting of gold stocks. http://www.bbc.co.uk/news/business-25132104 Debts of £50 million Quote Link to comment Share on other sites More sharing options...
Quiet Guy Posted December 1, 2013 Share Posted December 1, 2013 Reports of gold's (alleged) demise are going mainstream. Gold price plunges as confident investors pile out of safe havens End of a 13-year boom as US economic upturn sees investors confidently selling gold and buying shares November brought more bad news for believers in the eternal power of gold: the commodity saw its sharpest monthly price fall since June. This month's 6% drop makes 2013 a terrible year for gold, and is set to mark the end of a 13-year boom. Gold is heading for its first annual fall since 2000 after shedding a quarter of its value this year. ... Georgette Boele at Dutch bank ABN Amro said: "The gold bubble has burst and … more of gold's previous supportive drivers are about to push the precious metal much lower. As such we expect additional large sell-offs." In India, traditionally the world's biggest consumer of gold, the government has imposed punishing duty on gold purchases which has led to mass recycling of some of the 20,000 tonnes of gold stashed in Indian homes. Consumers in China have been buying gold as they become more affluent. But Boele predicts that despite this, it will fall to $1,000 an ounce next year and $800 in 2015. http://www.theguardi...onomies-improve Quote Link to comment Share on other sites More sharing options...
Compounded Posted December 14, 2013 Share Posted December 14, 2013 (edited) http://etfdailynews.com/2013/12/10/the-correction-isnt-over-but-golds-headed-to-20000/ Petrov Mid cycle correction that's all it is, it will take up to 9 months more to run. Fundamentals, charts everything say bull market is still on and the mania will come the peak is years away. Edited December 14, 2013 by Compounded Quote Link to comment Share on other sites More sharing options...
Errol Posted December 15, 2013 Share Posted December 15, 2013 This could be interesting ... Swiss to reform gold market to aid transparency GENEVA (AP) -- The Swiss government has approved a change in how data on gold trade is compiled in an effort to reduce abuses in the precious metals' market. The governing Federal Council of ministers, which includes the president, says figures on gold imports and exports will be broken down by country starting next year. http://finance.yahoo.com/news/swiss-reform-gold-market-aid-155921156.html?soc_src=mediacontentstory Quote Link to comment Share on other sites More sharing options...
Errol Posted January 1, 2014 Share Posted January 1, 2014 Gold: Declining Prices Versus Skyrocketing Demand Dec. 31 (Bloomberg) -- Tangent Capital Partners Senior Managing Director Jim Rickards discusses the price of gold with Deirdre Bolton on Bloomberg Television's "Money Moves.- http://www.bloomberg.com/video/gold-declining-prices-versus-skyrocketing-demand-iEcm4n5QS7u9bZ2h~Iwwhg.html Quote Link to comment Share on other sites More sharing options...
Quiet Guy Posted January 13, 2014 Share Posted January 13, 2014 Mish: Gold Manipulation: Is it Illegal? Risk Free? What About JP Morgan? http://globaleconomi...legal-risk.html This is a quite refreshing look at the allegations of gold price manipulation: For years we heard from GATA and others "JPMorgan and the gold shorts will be blown out of the water and eventually forced to cover their shorts at higher and higher prices. Gold will go to the moon". What happened? Somewhere along the line, JPMorgan became net long as the price of gold plunged. Now we are in search of a different elusive force allegedly suppressing the price of gold. Worth a read IMO Quote Link to comment Share on other sites More sharing options...
Errol Posted January 14, 2014 Share Posted January 14, 2014 For years we heard from GATA and others "JPMorgan and the gold shorts will be blown out of the water and eventually forced to cover their shorts at higher and higher prices. Gold will go to the moon". What happened? Somewhere along the line, JPMorgan became net long as the price of gold plunged. Now we are in search of a different elusive force allegedly suppressing the price of gold. Worth a read IMO I thought the JP Morgan issues were always with Silver as opposed to gold. Quote Link to comment Share on other sites More sharing options...
Quiet Guy Posted January 14, 2014 Share Posted January 14, 2014 I thought the JP Morgan issues were always with Silver as opposed to gold. I think it is fair to say that silver has gotten more attention but gold is part of the picture as well. http://www.silverdoc...ill-be-exposed/ Quote Link to comment Share on other sites More sharing options...
Errol Posted January 16, 2014 Share Posted January 16, 2014 Precious Metals Manipulation Worse Than Libor Scandal, German Regulator Says It may be time to shift yet another conspiracy "theory" into the "fact" bin, thanks to Elke Koenig, the president of Germany's top financial regulator, Bafin, which apparently is not as corrupt, complicit and clueless as its US equivalent, and who said that in addition to currency rates, manipulation of precious metals "is worse than the Libor-rigging scandal." http://www.zerohedge.com/news/2014-01-16/precious-metals-manipulation-worse-libor-german-regulator-says Quote Link to comment Share on other sites More sharing options...
Errol Posted January 25, 2014 Share Posted January 25, 2014 The FT Goes There: "Demand Physical Gold" As One Day Paper Price Manipulation Will End "Catastrophically" But convincing the Bundebsbank to demand delivery was peanuts compared to changing the tune of the Financial Times - that bastion of fiat "money", and where the word gold is mocked and ridiculed, and those who see the daily improprieties in the gold market as nothing but "conspiracy theorists" - to say the magic words: "Learn from Buba and demand delivery for true price of gold", adding that "one day the ties that bind this pixelated gold may break, with potentially catastrophic results." In other words, precisely what we have been saying since the beginning. Welcome to the 'conspiracy theorist' club, boys. http://www.zerohedge.com/news/2014-01-25/ft-goes-there-demand-physical-gold-one-day-paper-price-manipulation-will-end-catastr Quote Link to comment Share on other sites More sharing options...
Errol Posted February 21, 2014 Share Posted February 21, 2014 China Plans Massive 1,500 Tonne Gold Storage Vault In Qianhai The Chinese Gold & Silver Exchange Society is prepared to spend at least HK$ 1 billion to set up a gold vaulting warehouse in mainland China that will be able to store a massive 1,500 tonnes of gold. http://www.maxkeiser.com/2014/02/china-plans-massive-1500-tonne-gold-storage-vault-in-qianhai/ Quote Link to comment Share on other sites More sharing options...
Errol Posted March 26, 2014 Share Posted March 26, 2014 Russia Raises Gold Holdings By Over 7 Tonnes In February To Over 1,040 Tonnes Russia has increased its gold holdings by 7.247 tonnes to 1,042 tonnes in February http://www.zerohedge.com/news/2014-03-26/russia-raises-gold-holdings-over-7-tonnes-february-over-1040-tonnes Quote Link to comment Share on other sites More sharing options...
Errol Posted May 21, 2014 Share Posted May 21, 2014 As Russia Dumps A Record Amount Of US Treasurys, Here Is What It Is Buying - Russia Buys 900,000 Ounces Of Gold Worth $1.17 Billion In April http://www.zerohedge.com/news/2014-05-21/russia-dumps-record-amount-us-treasurys-here-what-it-buying Quote Link to comment Share on other sites More sharing options...
Errol Posted June 1, 2014 Share Posted June 1, 2014 Meanwhile…The Chinese Have Accelerated Their Gold Accumulation In week 21 (May 19 – 23) Chinese wholesale gold demand, measured by SGE withdrawals, was 36.4 metric tonnes, up 22.98 % from the week before. This is the highest weekly demand since week 9 (February 24 -28). http://investmentresearchdynamics.com/meanwhile-the-chinese-have-accelerated-their-gold-accumulation/ Quote Link to comment Share on other sites More sharing options...
GinAndPlatonic Posted June 20, 2014 Share Posted June 20, 2014 (edited) . sorry wrong thread Edited June 20, 2014 by GinAndPlatonic Quote Link to comment Share on other sites More sharing options...
Quiet Guy Posted August 24, 2014 Share Posted August 24, 2014 It's been a while since I posted anything in the precious metals section and this thread seems to be a sleeping parrot so I'll update an earlier comment to check if anybody is in. I posted a comment about Daneric back in May:http://www.housepricecrash.co.uk/forum/index.php?/topic/189627-gold-and-silver/page-4#entry909319574 To my untrained eye, gold has been resisting Daneric's Über bearish predictions. Perhaps the conflicts in the Middle East are helping te gold price?http://danericselliottwaves.blogspot.co.uk/2014/08/elliott-wave-update-20-august-2014.html "GOLD: If prices collapse soon in the SPX to beneath 1560 SPX, what would happen to Gold? Well the wave chart suggests it too would sell hard. Its due a 5th wave down after a long triangle formation: Yes I believe hyperinflation can happen. But I strongly believe we must have our massive credit collapse first. And (paper) Gold is a (leveraged) fraud as much as anything in these markets." Quote Link to comment Share on other sites More sharing options...
Old Nis Posted August 24, 2014 Share Posted August 24, 2014 We seem to be in a waiting mode at the moment. The price suppression and thievery continues apace on micro-trading, while everyone waits for something to go wrong. Under normal circumstances, this might take a very long time, but we must surely be getting very close to the end-game. Debt is being accumulated at the same absurd rate and the POG and POS is in the Summer Doldrums. I am still buying more on a pound-cost averaging basis, but it's a waiting game at the moment. If something goes wrong in the Middle East or Ukraine, then we'll see some action, but I think the main driver will the the Chinese or Russians looking at the box of US Treasuries and thinking "Well, that's about as much as we can get away with, there's not much left". Then the next time the US pokes the Bear or Dragon, suddenly the new reserve currency will be unveiled. It's only a matter of time, now. Quote Link to comment Share on other sites More sharing options...
Errol Posted September 18, 2014 Share Posted September 18, 2014 Super-rich rush to buy 'Italian Job' style gold bars The super-rich are looking to protect their wealth through buying record numbers of "Italian job" style gold bars, according to bullion experts. The number of 12.5kg gold bars being bought by wealthy customers has increased 243pc so far this year, when compared to the same period last year, said Rob Halliday-Stein founder of BullionByPost. The sales of 1kg gold bars, worth about £25,000 each, has doubled during the three months ended August, when compared to the same period last year, according to ATS Bullion sales figures. Sales of the more popular gold coins such as the quarter ounce sovereign and one ounce Krugerrand have also doubled this year, according to figures from BullionByPost. http://www.telegraph.co.uk/finance/commodities/11104055/Super-rich-rush-to-buy-Italian-Job-style-gold-bars.html Quote Link to comment Share on other sites More sharing options...
hp72 Posted September 19, 2014 Share Posted September 19, 2014 Super-rich rush to buy 'Italian Job' style gold bars The super-rich are looking to protect their wealth through buying record numbers of "Italian job" style gold bars, according to bullion experts. The number of 12.5kg gold bars being bought by wealthy customers has increased 243pc so far this year, when compared to the same period last year, said Rob Halliday-Stein founder of BullionByPost. The sales of 1kg gold bars, worth about £25,000 each, has doubled during the three months ended August, when compared to the same period last year, according to ATS Bullion sales figures. Sales of the more popular gold coins such as the quarter ounce sovereign and one ounce Krugerrand have also doubled this year, according to figures from BullionByPost. http://www.telegraph.co.uk/finance/commodities/11104055/Super-rich-rush-to-buy-Italian-Job-style-gold-bars.html Hmm. Those in the know preparing for a whole-of-market crash and QE? Quote Link to comment Share on other sites More sharing options...
Errol Posted September 30, 2014 Share Posted September 30, 2014 Much as I do not wish to quote Mr .Greenspan, I thought this was quite interesting: "If the dollar or any other fiat currency were universally acceptable at all times, central banks would see no need to hold any gold. The fact that they do indicates that such currencies are not a universal substitute.” – Alan Greenspan, Sep 29, 2014 Full article by Greenspan - http://www.foreignaffairs.com/articles/142114/alan-greenspan/golden-rule . He also suggests that China is about to embark on a massive gold buying programme to take reserves up to 10,000 tons+. Quote Link to comment Share on other sites More sharing options...
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