Asheron Posted September 1, 2012 Share Posted September 1, 2012 Quote Link to comment Share on other sites More sharing options...
Errol Posted September 1, 2012 Share Posted September 1, 2012 But hell will freeze before a gold standard returns. Pure gold standard, perhaps. But are you also excluding gold as trade settlement or as part of a currency system (gold certificate ratio, basket of commodities etc)? I'm not. Quote Link to comment Share on other sites More sharing options...
DiggerUK Posted September 1, 2012 Share Posted September 1, 2012 Pure gold standard, perhaps. But are you also excluding gold as trade settlement or as part of a currency system..... It is already part of the currency system, that's why bullion banks have their stacks. Trade is already settled by direct currency swaps, or by using gold as a guarantee in the swap of the main international currencies....dollar,euro,yen etc. It is for that reason that the implications of the Eurocrisis are so spooky. Digging out this story should remind us all what can happen at times. http://www.telegraph.co.uk/finance/markets/7884272/Secret-gold-swap-has-spooked-the-market.html# Schiffhead starting up this politial nonsense about a return to the gold standard, should tell everyone that the 'guru' has lost the plot. There will be no return to a gold standard. ..._ Quote Link to comment Share on other sites More sharing options...
Errol Posted September 4, 2012 Share Posted September 4, 2012 Another interesting and thoughtful piece from Detlev Schlichter: U.S. Republicans introduce gold standard debate – mainstream media go mental http://papermoneycollapse.com/2012/09/u-s-republicans-introduce-gold-standard-debate-mainstream-media-go-mental/ Quote Link to comment Share on other sites More sharing options...
Errol Posted September 4, 2012 Share Posted September 4, 2012 There will be no return to a gold standard. China may think otherwise. Quote Link to comment Share on other sites More sharing options...
DiggerUK Posted September 4, 2012 Share Posted September 4, 2012 China may think otherwise. Gold is the ultimate currency of war. The only standard gold will support, is the waving of a war standard. Be careful of what you wish for, is what an old chinaman once told me. There will be no return to a gold standard. ..._ Quote Link to comment Share on other sites More sharing options...
Asheron Posted September 8, 2012 Share Posted September 8, 2012 (edited) Edited September 8, 2012 by Asheron Quote Link to comment Share on other sites More sharing options...
Take Me Back To London! Posted September 10, 2012 Share Posted September 10, 2012 Gold is the ultimate currency of war. The only standard gold will support, is the waving of a war standard. Be careful of what you wish for, is what an old chinaman once told me. There will be no return to a gold standard. ..._ Countries have come off gold standards so they could finance big wars by expanding their balance sheets by money printing. Quote Link to comment Share on other sites More sharing options...
DiggerUK Posted September 10, 2012 Share Posted September 10, 2012 Countries have come off gold standards so they could finance big wars by expanding their balance sheets by money printing. That's all fine 'n dandy for the home economy. Go overseas with a shopping list for war supplies and you need an accepted currency.....or gold. The UK didn't get anything off the USA in either of the world wars without pledging the gold. If memory serves me well, the reserves were moved to Canada. In case you were wondering what they used the gold vault for during the war, it was a canteen and bomb shelter for BOE staff. Check out the posters. http://www.dailymail.co.uk/news/article-2095535/Bank-Englands-glittering-stash-156BN-gold-bars-stored-canteen-London.html For any of the gatagoons, I see evidence of naughtiness by the BOE today, some of those bars are not good delivery standard....can you tell which ones they are boys and girls. Digger can. ..._ Quote Link to comment Share on other sites More sharing options...
Asheron Posted September 13, 2012 Share Posted September 13, 2012 Quote Link to comment Share on other sites More sharing options...
Asheron Posted September 13, 2012 Share Posted September 13, 2012 Quote Link to comment Share on other sites More sharing options...
Errol Posted September 21, 2012 Share Posted September 21, 2012 Quote Link to comment Share on other sites More sharing options...
DiggerUK Posted September 21, 2012 Share Posted September 21, 2012 So, here we are, page 755, and it starts with a pointless picture of $20 dollars being printed, and a joke cartoon off You Tube. How about something of substance from the World Gold Council instead. http://www.gold.org/download/pub_archive/pdf/Rs23.pdf ..._ Quote Link to comment Share on other sites More sharing options...
Errol Posted September 27, 2012 Share Posted September 27, 2012 Hmmmmmm ... Barclays Opens Massive Brand New Precious Metals Vault In London Barclays has opened its first precious metals vault in London. The vault, which houses gold, silver, platinum, palladium and rhodium and began operating earlier this month, is one of the largest in Europe. http://www.4-traders.com/BARCLAYS-PLC-9583556/news/Barclays-PLC-Barclays-Opens-Precious-Metals-Vault-In-London-Amid-Growing-Gold-Demand-15239536/ Quote Link to comment Share on other sites More sharing options...
Errol Posted October 22, 2012 Share Posted October 22, 2012 Gold’s Prolonged Consolidation - http://expectedreturnsblog.com/golds-prolonged-consolidation/ Quote Link to comment Share on other sites More sharing options...
Errol Posted October 22, 2012 Share Posted October 22, 2012 German Court Demands Bundesbank Audit Sovereign Gold Holdings The German court of auditors (Bundesrechnungshof) has demanded that the Bundesbank undertake an audit of its gold reserves. In an 'audit-the-fed' style effort, the court wants to ensure that the nearly 3400 tons of gold is in fact in existence - 'because stocks have never been checked for authenticity and weight' The decision means negotiating with the three foreign central banks for physical verification but in anticipation, the Bundesbank has begun the process of shipping 50 tons per year from the Fed back to Germany for the next three years. http://www.zerohedge.com/news/2012-10-22/german-court-demands-bundesbank-audit-sovereign-gold-holdings Quote Link to comment Share on other sites More sharing options...
Errol Posted November 8, 2012 Share Posted November 8, 2012 German Calls for Gold Repatriation Intensify As Fed Refuses to Allow Inspection Calls for Germany to repatriate its 1,536 tons of gold reserves held at the NY Fed are intensifying as Der Spiegel reports the Federal Reserve has refused to allow German inspectors to even view the country’s massive gold reserves “in the interest of security and of the control process“. We have stated repeatedly that with repatriation and/or audit requests completed or in progress by Venezuela, Germany, Switzerland, and the Netherlands, The BOE and the Fed suddenly find themselves in a heap of trouble as the situation (and confidence that the Central banks actually still hold the (tungsten) gold reserves on deposit) is rapidly deteriorating. http://maxkeiser.com/2012/11/08/german-calls-for-gold-repatriation-intensify-as-fed-refuses-to-allow-inspection/ Quote Link to comment Share on other sites More sharing options...
Errol Posted November 18, 2012 Share Posted November 18, 2012 Another great article by Detlev Schichter (this time with a hefty section on ownership of gold etc): Some personal thoughts on surviving the monetary meltdown http://detlevschlichter.com/2012/11/some-personal-thoughts-on-surviving-the-monetary-meltdown/ My three favourite assets are, in no particular order, gold, gold and gold. After that, there may be silver, and after a long gap of nothing there could be – if one really stretches the imagination – certain equities or commercial real estate. Quote Link to comment Share on other sites More sharing options...
Errol Posted November 22, 2012 Share Posted November 22, 2012 Quote Link to comment Share on other sites More sharing options...
Asheron Posted November 25, 2012 Share Posted November 25, 2012 Going to have great joy reading these historic posts in 10 years Quote Link to comment Share on other sites More sharing options...
Compounded Posted December 21, 2012 Share Posted December 21, 2012 Going to have great joy reading these historic posts in 10 years The really good stuffs at the beginning. Good posters and gold and was desperately undervalued. Quote Link to comment Share on other sites More sharing options...
Compounded Posted December 21, 2012 Share Posted December 21, 2012 (edited) The really good stuffs at the beginning. Good posters and gold and was desperately undervalued. The arguments haven't changed if you think the paper money is rubbish, the debts can't be repaid and the financial system is at serious risk then acquiring gold makes sense but gold then was cheap it isn't now. Edited December 21, 2012 by Compounded Quote Link to comment Share on other sites More sharing options...
sombreroloco Posted December 21, 2012 Share Posted December 21, 2012 (edited) Gold is in a bubble that will probably last six more months or so. You know when something is in a bubble when even the mainstream magazines advise to buy gold. Edited December 21, 2012 by sombreroloco Quote Link to comment Share on other sites More sharing options...
Old Nis Posted December 21, 2012 Share Posted December 21, 2012 That's the point; they're not advising to buy gold. For every one of those few "buy" recommendations, there are a dozen "Cash-for-Gold" adverts. How many of your close acquaintances own gold? Gold is nowhere near a bubble. What you are seeing is the continued sign of currency debasement. If you can't see that, do some more research. Quote Link to comment Share on other sites More sharing options...
Errol Posted December 29, 2012 Share Posted December 29, 2012 Quote Link to comment Share on other sites More sharing options...
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