Comments on: Golden Jibber Jabber – Day 3

By: mike davies

mike davies — Sat, 10 Oct 2009 15:56:51 +0000

Good info – Kitco just launched a tracking graph that uses a basket of currencies to show that the recent sharp rise in gold is a US Dollar phenomenon. They explain it on their site.

By: ItalicBold

ItalicBold — Thu, 08 Oct 2009 18:45:56 +0000

@stacy Interesting that it seems we have the same pattern in each yellow block but it becomes increasingly volatile. So we should be looking at 1.3/1.4 by March if this plays out the same!

By: Stew Copeland

Stew Copeland — Thu, 08 Oct 2009 17:14:40 +0000

@ Stacy

When gold reaches $5800 USD per once a good suit will be about $5800.

I don’t think this is inflation but rather panic buying and manipulation. The suckers that are buying gold right now are going to be in for a shock when the hysteria fades. This is the problem with the internet and group or crowd think.

If Goldman and the rest of the gang want to blow up their money making ponzi scheme then what can I say. I just don’t know they’re going to do with all those worthless dollars do you?

I’m dumping all but %20 of my gold when I feel its reached the to and then .diversify the dollars I get back in other currencies.

I believe deflation will follow the hysteria.

By: Phil Collins

Phil Collins — Thu, 08 Oct 2009 17:02:08 +0000

@ Max and Stacy

AJ is an A**hole. From what I’ve heard him say on his show about Max it makes me wonder why Max would go back on his show. I can’t stand to listen to him mainly because he’s full of himself. I’m surprised his ego can even fit through the studio door.

But no matter, most of the people who listen to his show are the same people who believe the Chinese make soup out of human fetuses. They’re also the same ones who send me incredibly lame emails about Obama, Gun Control, Environmental Issues, and the rest of the mind control key phrases.

What are we not noticing?

By: Richard@lattitude30N

Richard@lattitude30N — Thu, 08 Oct 2009 16:24:32 +0000

@Phil: Well come to think of it…nothing….it’s like stopping breathing or the constant movement forward ( inertia )…that’s a lot of human consciousness to disturb….my take is that they allow the transition to go along as seamlessly as they can..little by little..not the abrupt ‘TOB’ that mike/liverpool craves…to me a banker’s holiday as Clif High ‘almost’ suggests and if you read halfpasthuman.com you see him hedging that it’s the Oct. 25 date “or there abouts”!!!! that’s on his radar… frankly, what did the villagers say when the boy in the story yelled out : “the emperor has no clothes”???…didn’t they just laugh?????????????? There’s is a lot of speculation in the air..please Phil I hold you to a higher standard…are you holding/buying silver/gold?????? I may become an AOCS currency officer here in FLA

By: stacyherbert

stacyherbert — Thu, 08 Oct 2009 15:25:23 +0000

Good gold analysis from Puru Saxena:

http://www.321gold.com/editorials/saxena/saxena100809.html

By: Phil

Phil — Thu, 08 Oct 2009 15:17:36 +0000

@Richard@lattitude30N .. WTF

Well, if they blew up the WT buildings just to hide the missing Pentagon 4 Trio$ + the other secrets, what’s to stop them halting the system to hide the FED’s dirty washing !
I wouldn’t be surprised .. and didn’t Bernie say as much himself ?

By: Richard@lattitude30N

Richard@lattitude30N — Thu, 08 Oct 2009 14:59:32 +0000

@Phil: come on Phil>>>”if the system crashes, in the mean time”…WTF
But yes I believe that’s the whole point and now that the military ( I mean black ops ) budget has been ante’ed up…well who is going to get the biggest payoff to do the audit will be the $64 ?? How many accounting giants have gone under in the last 20 years..Arthur Anderson?? etc…due to malfeasance and corruption?? which one is left Deloite & Touche??? So much slush fund so few to pay off….I agree with Frank Hope that the numerous Clearinghouses globally hold all the bodies…DDTC is it on WS??that holds all the short and derivative orders??? Me thinks guys like ‘Don bag of donuts( chicken)’ was the smart one…

By: Phil

Phil — Thu, 08 Oct 2009 14:30:53 +0000

@Stacy .. $5800 gold??

Yes … assuming no manipulation, that is also exactly where I priced Gold versus the 70′s & 80′s !
I also posted an inflation adjusted Gold chart yesterday FWIW.

PS .. as the guy said, the situation is much worse this time ’round! … which is what makes me suspicious wrt “manipulation”.

PPS .. the HR1207 Bill may get through, but who will do the audit is the question ; and how long will they take !!
Like JFK ..we may never know .. especially if the system crashes beforehand !

By: stacyherbert

stacyherbert — Thu, 08 Oct 2009 14:11:43 +0000

$5800 gold??

http://www.marketwatch.com/story/after-a-good-decade-5800-gold-2009-10-08

By: klaos

klaos — Thu, 08 Oct 2009 13:05:05 +0000

mish seems to be concerned with what he is calling ‘competitive currency debasement’:

The reason for the strength in gold is not US inflation. As I have pointed out many times, gold fell from 850 to 250 over the course of 20 years, with inflation every step of the way. Thus, the inflation story just does not fit.

However, it should be clear that a major financial crisis is in store following a long period of competitive currency devaluation and massive debt and derivatives expansion by nearly every major country on the planet.

Lol. It’s not inflation, but the price of most everything (obviously not real estate, or MSM advertising) will be going up.
LOL

By: Phil

Phil — Thu, 08 Oct 2009 12:05:21 +0000

@Edvard …”I hear in Germany that small bars can be purchased in vending machines.”

Not yet installed AFAIK !

As to Goldmoney.com, yes thanks .. I know of them.
Of course , it is finally a “matter of trust” !

By: Edvard

Edvard — Thu, 08 Oct 2009 11:31:07 +0000

@Phil, you can get platinum, silver and gold by the gram and change them in and out of several currencies at GoldMoney.com in Jersey. These are guaranteed to be backed by physical stock (and ring-fenced) in either London or Zurich. As long as you don’t take delivery, they are VAT free, and can be purchased at London spot prices.

You can take delivery but only as whole bars (about $400,000 for gold). Otherwise there is a small custodial fee applied for storage.

No I don’t work for them nor do I have any other connection.

I hear in Germany that small bars can be purchased in vending machines.

By: Supergeek

Supergeek — Thu, 08 Oct 2009 09:48:06 +0000

@s.herbert
yeah…I am aware you probably do the all the techie stuff.. I remember the blogtalk…mixup type thingy!!!