Where Is Gold Going In This Market

[Jayman]

Jan Skoyles of bullion dealer The Real Asset Co. in London today examines in detail the Vietnamese government's awkward war on gold, the Vietnamese people's currency of overwhelming choice. Despite the government's ever-increasing restrictions, Skoyles writes, "Citizens are voting with their money, and that money is gold." His commentary is headlined "Vietnam Goes Nuclear on Gold" and it's posted at The Real Asset Co.'s Internet site here:

http://therealasset.co.uk/vietnamese-gold/

[flying]

doesn't this sound like a novel idea?

They’ll actually pay you to store your gold

http://www.sovereign...tore-your-gold/

Fractional Reserve Gold Banking?

[letitbe]

doesn't this sound like a novel idea?

They’ll actually pay you to store your gold

http://www.sovereign...tore-your-gold/

Fractional Reserve Gold Banking?

anyone who trusts a bank or government to hold their gold is IMO mad you might as well buy GLD or SLV

[mccw]

doesn't this sound like a novel idea?

They’ll actually pay you to store your gold

http://www.sovereign...tore-your-gold/

Fractional Reserve Gold Banking?

anyone who trusts a bank or government to hold their gold is IMO mad you might as well buy GLD or SLV

+ 1

[udonguy]

so to sum you all up:

if there is Q3 or more bad news you ALL think Gold will go UP

if there is no Q3 and more positive news you ALL think Gold will go DOWN

wow! talk about hedging your bets - does no one here actually have an OPINION? up or down? 6 months/12 months predictions? 1800 or 1200? any more sitting on that fence and there will be no more room

[flying]

so to sum you all up:

if there is Q3 or more bad news you ALL think Gold will go UP

if there is no Q3 and more positive news you ALL think Gold will go DOWN

wow! talk about hedging your bets - does no one here actually have an OPINION? up or down? 6 months/12 months predictions? 1800 or 1200? any more sitting on that fence and there will be no more room

No I think from the beginning I have always said I use my eyes & ears to determine

what is reality here in the US.

While I never base my holdings of PM on what I read or hear on the MSM because as we know it is tainted.

But at the same time I accept the fact that many do. These are the same folks that do not physically hold for the most part any

real PM's only their paper counterpart.

They trade in & our constantly.....It has its effect on PM prices because they do in fact move markets with their substantial size of trades.

Also realize PM's physical are tied to PM's paper trade because spot price is spot price period worldwide.

Of course here in the US there are premiums that help stabilize the gap but the reality is dealers are the ones who profit most from

the premiums.

So to your question I say yes still bullish on Gold & Silver Long Term

Not because of Q3 not because of Euro or USD but because of the reality I see with my own eyes.

Until confidence is restored I do not see any mass exodus from that which was always a hedge during times like these.

That does not in anyway mean they will not be tossed about ...again on news based fears by those who trade massive

amount of paper that supposedly represents what exists. It has long been obvious more paper is traded than what is actually above ground.

Especially so with Silver.

Chok Dee

[udonguy]

so to sum you all up:

if there is Q3 or more bad news you ALL think Gold will go UP

if there is no Q3 and more positive news you ALL think Gold will go DOWN

wow! talk about hedging your bets - does no one here actually have an OPINION? up or down? 6 months/12 months predictions? 1800 or 1200? any more sitting on that fence and there will be no more room

No I think from the beginning I have always said I use my eyes & ears to determine

what is reality here in the US.

While I never base my holdings of PM on what I read or hear on the MSM because as we know it is tainted.

But at the same time I accept the fact that many do. These are the same folks that do not physically hold for the most part any

real PM's only their paper counterpart.

They trade in & our constantly.....It has its effect on PM prices because they do in fact move markets with their substantial size of trades.

Also realize PM's physical are tied to PM's paper trade because spot price is spot price period worldwide.

Of course here in the US there are premiums that help stabilize the gap but the reality is dealers are the ones who profit most from

the premiums.

So to your question I say yes still bullish on Gold & Silver Long Term

Not because of Q3 not because of Euro or USD but because of the reality I see with my own eyes.

Until confidence is restored I do not see any mass exodus from that which was always a hedge during times like these.

That does not in anyway mean they will not be tossed about ...again on news based fears by those who trade massive

amount of paper that supposedly represents what exists. It has long been obvious more paper is traded than what is actually above ground.

Especially so with Silver.

Chok Dee

Well that's true which is why I have my bag (s) to hand

[mccw]

so to sum you all up:

if there is Q3 or more bad news you ALL think Gold will go UP

if there is no Q3 and more positive news you ALL think Gold will go DOWN

wow! talk about hedging your bets - does no one here actually have an OPINION? up or down? 6 months/12 months predictions? 1800 or 1200? any more sitting on that fence and there will be no more room

No I think from the beginning I have always said I use my eyes & ears to determine

what is reality here in the US.

While I never base my holdings of PM on what I read or hear on the MSM because as we know it is tainted.

But at the same time I accept the fact that many do. These are the same folks that do not physically hold for the most part any

real PM's only their paper counterpart.

They trade in & our constantly.....It has its effect on PM prices because they do in fact move markets with their substantial size of trades.

Also realize PM's physical are tied to PM's paper trade because spot price is spot price period worldwide.

Of course here in the US there are premiums that help stabilize the gap but the reality is dealers are the ones who profit most from

the premiums.

So to your question I say yes still bullish on Gold & Silver Long Term

Not because of Q3 not because of Euro or USD but because of the reality I see with my own eyes.

Until confidence is restored I do not see any mass exodus from that which was always a hedge during times like these.

That does not in anyway mean they will not be tossed about ...again on news based fears by those who trade massive

amount of paper that supposedly represents what exists. It has long been obvious more paper is traded than what is actually above ground.

Especially so with Silver.

Chok Dee

Well that's true which is why I have my bag (s) to hand

Where would run?

On gold and silver - Further to the good points above I'll add my opinion that 5-10 years , weather positive or negative news, both will be at least double what they are now- negative because of demand as reserve, positive because of demand from Asia for gold in particular and Chinese industry for silver (as they try to ready renewable etc technologies as the oil price rises and rises).

Personally I'm buying what I can. Now and over next month or so. Some with a view to sell in shorter term (when I expect euro crises could well be back in full swing) . Gold at about 1900-2300 by September - April.

ECB will try buying up a trillion or so gov bonds to stabilise things. If they succeed in kicking the can down the road then maybe a drop a bit but many other risk factors could come in to play also.

If euro breaks and chaos grips the markets gold explosion.

Most unlikely I think but if no serious troubles ahead then all commodities will be on a long march upwards as population booms and the world develops. So my savings are staying in the gold and silver long term. I don't trust any bank to give me my money if the shit hits the fan. (I'm talking all physical here.)

Edited April 14, 2012 by mccw

[mccw]

Does anyone think paper trades and physical could decouple?

What if some one were to set up a global physical transactions market where sellers and buyers negotiated prices for goods delivered?

I guess people would automatically base price on the other spot price but as a consistent actual demand and supply emerged it could show up completely what manipulation there is in the paper side.

[Naam]

On gold and silver - Further to the good points above I'll add my opinion that 5-10 years , weather positive or negative news, both will be at least double what they are now

doubling in five years =

doubling in ten years =

[Naam]

So my savings are staying in the gold and silver long term. I don't trust any bank to give me my money if the shit hits the fan. (I'm talking all physical here.)

how do you pay for your living expenses if not from income generated by your savings?

[mccw]

So my savings are staying in the gold and silver long term. I don't trust any bank to give me my money if the shit hits the fan. (I'm talking all physical here.)

how do you pay for your living expenses if not from income generated by your savings?

I make the room for rent business in uk, location where rents are high and property prices not too much.

If cash value house return would be 10-13% , but with mortgage leverage more like 30% actual return.

(before tax)

All my living expenses I offset against tax and then what's left mostly goes back in to business expansion; what's left after this goes in to metal.

I really don't trust the banks or shares.

At least a house can't disappear.

Money value will depreciate, and compared to my metal pot I'm building, the gamble I'm working on is that 10 or 20 years down the line the metal will easily pay off the fiat loans if needs be. But I'd rather pay cash to clear them in lump sums if I don't need to sell the metal.

The metal is just a safe store of spare cash fundamentally.

My business is going great but I see the risk of collapse and chaos as real and present.

So I've got both good and bad scenarios covered.

I thought about playing the volatility in markets but decided to just stick to the formula which is working now. As my wife say "no need to greedy and loose"

[letitbe]

So my savings are staying in the gold and silver long term. I don't trust any bank to give me my money if the shit hits the fan. (I'm talking all physical here.)

how do you pay for your living expenses if not from income generated by your savings?

we have income but if we need some more simply convert our gold or silver to fiat stuff its easy. Given gold has risen 10-20% a year thats far more yield than weve ever had from out stocks or property rentals. I wish wed put much more into gold 3-4 years ago and not so much into stocks or even rentals here or USA and UK wed certainly have a much higher income.

[mccw]

Have you heard about this manipulation of market through "algro"? Apparently computers can place massive "ghost trades" to influence the market with out actually executing ie paying

[Naam]

Have you heard about this manipulation of market through "algro"? Apparently computers can place massive "ghost trades" to influence the market with out actually executing ie paying

you don't need a computer to trade without paying. most of the trades are due payable at a certain value date, e.g. i can trade most bonds at "T+3" meaning whatever bond i buy on a monday i have to come up with the money by thursday. in the meantime i can trade happily in/out/in/out multiple times a huge amount, far beyond my financial means, as long as my debit balance stays within my credit line to cover any losses.

the "advantage" of computer trading is that they can execute trades in a fraction of a second for which i might need half an hour. "ghost" trades to influence the markets are of course possible if the trading computers are executing trades belonging to one party and therefore committing fraud according to established SEC rules or whatever rules in different countries and exchanges apply. the problem is to come up with hard evidence. i can have a corporate portfolio in the name of "Naam International, Hong Kong" and another one in the name of "MCCW Global, London" without anybody knowing that i control/own both corporations.

[udonguy]

Have you heard about this manipulation of market through "algro"? Apparently computers can place massive "ghost trades" to influence the market with out actually executing ie paying

you don't need a computer to trade without paying. most of the trades are due payable at a certain value date, e.g. i can trade most bonds at "T+3" meaning whatever bond i buy on a monday i have to come up with the money by thursday. in the meantime i can trade happily in/out/in/out multiple times a huge amount, far beyond my financial means, as long as my debit balance stays within my credit line to cover any losses.

the "advantage" of computer trading is that they can execute trades in a fraction of a second for which i might need half an hour. "ghost" trades to influence the markets are of course possible if the trading computers are executing trades belonging to one party and therefore committing fraud according to established SEC rules or whatever rules in different countries and exchanges apply. the problem is to come up with hard evidence. i can have a corporate portfolio in the name of "Naam International, Hong Kong" and another one in the name of "MCCW Global, London" without anybody knowing that i control/own both corporations.

cut out futures and that crap and we might stabilize

[BuffaloRescue]

Have you heard about this manipulation of market through "algro"? Apparently computers can place massive "ghost trades" to influence the market with out actually executing ie paying

you don't need a computer to trade without paying. most of the trades are due payable at a certain value date, e.g. i can trade most bonds at "T+3" meaning whatever bond i buy on a monday i have to come up with the money by thursday. in the meantime i can trade happily in/out/in/out multiple times a huge amount, far beyond my financial means, as long as my debit balance stays within my credit line to cover any losses.

the "advantage" of computer trading is that they can execute trades in a fraction of a second for which i might need half an hour. "ghost" trades to influence the markets are of course possible if the trading computers are executing trades belonging to one party and therefore committing fraud according to established SEC rules or whatever rules in different countries and exchanges apply. the problem is to come up with hard evidence. i can have a corporate portfolio in the name of "Naam International, Hong Kong" and another one in the name of "MCCW Global, London" without anybody knowing that i control/own both corporations.

Casino Banking! Thats bad right?

[how241]

Have you heard about this manipulation of market through "algro"? Apparently computers can place massive "ghost trades" to influence the market with out actually executing ie paying

you don't need a computer to trade without paying. most of the trades are due payable at a certain value date, e.g. i can trade most bonds at "T+3" meaning whatever bond i buy on a monday i have to come up with the money by thursday. in the meantime i can trade happily in/out/in/out multiple times a huge amount, far beyond my financial means, as long as my debit balance stays within my credit line to cover any losses.

the "advantage" of computer trading is that they can execute trades in a fraction of a second for which i might need half an hour. "ghost" trades to influence the markets are of course possible if the trading computers are executing trades belonging to one party and therefore committing fraud according to established SEC rules or whatever rules in different countries and exchanges apply. the problem is to come up with hard evidence. i can have a corporate portfolio in the name of "Naam International, Hong Kong" and another one in the name of "MCCW Global, London" without anybody knowing that i control/own both corporations.

The Gold market is manipulated but I also think ALL the the markets are.

[Naam]

cut out futures and that crap and we might stabilize

unfortunately not possible. most businesses/producers can't do any long term planning without futures.

[Naam]

The Gold market is manipulated but I also think ALL the the markets are.

not all markets can be manipulated, especially not on a continous basis.

inspite of all the bitching and insinuations from various sides, clear evidence (and reasons why) that the gold market is since years manipulated to the downside is not available.

aw jeez... please no fairy/horror/conspiracy tales that central banks want Gold down and then mention in the next sentence is "central banks buy left and right gold because...!"

[Naam]

Casino Banking! Thats bad right?

we little people have to howl with the wolves. if we don't we are devoured by them.

[udonguy]

cut out futures and that crap and we might stabilize

unfortunately not possible. most businesses/producers can't do any long term planning without futures.

used to work... I honestly believe (naive maybe) that much of this crisis is perpetuated by 'gambling' and 'betting' on what might be rather than on 'reality'. - you have money - you pay for something - credit? sure - but laying billions on movements in Cocoa? and Gold? and whatever cannot be good (ultimately).

[mccw]

Have you heard about this manipulation of market through "algro"? Apparently computers can place massive "ghost trades" to influence the market with out actually executing ie paying

you don't need a computer to trade without paying. most of the trades are due payable at a certain value date, e.g. i can trade most bonds at "T+3" meaning whatever bond i buy on a monday i have to come up with the money by thursday. in the meantime i can trade happily in/out/in/out multiple times a huge amount, far beyond my financial means, as long as my debit balance stays within my credit line to cover any losses.

the "advantage" of computer trading is that they can execute trades in a fraction of a second for which i might need half an hour. "ghost" trades to influence the markets are of course possible if the trading computers are executing trades belonging to one party and therefore committing fraud according to established SEC rules or whatever rules in different countries and exchanges apply. the problem is to come up with hard evidence. i can have a corporate portfolio in the name of "Naam International, Hong Kong" and another one in the name of "MCCW Global, London" without anybody knowing that i control/own both corporations.

The Gold market is manipulated but I also think ALL the the markets are.

Mostly yes I agree

[Naam]

used to work... I honestly believe (naive maybe) that much of this crisis is perpetuated by 'gambling' and 'betting' on what might be rather than on 'reality'. - you have money - you pay for something - credit? sure - but laying billions on movements in Cocoa? and Gold? and whatever cannot be good (ultimately).

of course gambling and betting of the banksters were the main reasons which caused the crisis.

[midas]

Forum Post: Free People of the World UNITE: The Use of Gold Dinars and Silver Dirhams GOES VIRAL!

" Dean reports that the use of physical gold and physical silver in the form of gold dinars and silver dirhams, has spread from Malaysia to Indonesia and has now gone viral in Singapore, Brunei and Philippines!"

the best part of this for me is that it's an Islamic country which is slowly and quietly

eroding the power of the banksters

gosh I hope Malaysia isn't invaded

Edited April 18, 2012 by midas

[Naam]

Gold Dinars, Gold Dirhams, gold-pressed Latinum,

Unobtainium Dollars and Quadlithium Cowrie Shells...

[Jayman]

http://www.fxstreet.com/fundamental/analysis-reports/gold-investments-market-update/2012/04/18/

Central Banks Favour Gold as IMF Warns of "Collapse of Euro" and "Full Blown Panic in Financial Markets"

[midas]

Gold Dinars, Gold Dirhams, gold-pressed Latinum,

Unobtainium Dollars and Quadlithium Cowrie Shells...

ah yes Naam..... the person who has constantly doubted that Gold and Silver could be used to buy every day

items....... perhaps you missed this bit

" If you don’t think that’s bad news for the Central Banking criminals, check this out. Dean reports that exchanging physical silver for everyday goods is simple, and one ounce of silver – while still representing a ridiculous 50 to 1 silver to gold ratio – goes FAR. There are 31.1 grams of silver in one troy ounce, so 1/10th of an ounce, around $3.10 in silver value (USD) will buy 5 loaves of organic wholewheat bread.

1 dirham (2.975g of 999 silver) =

1 whole organic, free-range chicken

5kg of brown rice

10kg of unbleached flour

5 loaf, organic wholewheat bread, etc.

1 dinar (4.25g of 917 gold) =

1 goat

1 sheep

1 month apartment rent

[Naam]

this gets more and more ridiculous and i can only shake my head! how can anybody with an IQ above 82.5 believe that a fixed quantity of a certain precious metal will ever be exchanged for an unquantified weight of edible animal or rent for an unspecified area.

-one Dinar for an old male goat who's meat is stinking like a septic tank even if prepared in a spicy curry?

or

-one Dinar for a young well-nourished sheep which can still be used for a whole range of delicious dishes?

-one Dinar for a shabby 18m² studio apartment in one of the slum outskirts of Manila or a nicely furnished 50m² apartment in Manila's posh Makati area?

[Naam]

http://www.fxstreet....ate/2012/04/18/

Central Banks Favour Gold as IMF Warns of "Collapse of Euro" and "Full Blown Panic in Financial Markets"

logical conclusion: heavy buying of Gold by "favouring" Central Banks must be the reason for the recent price decline?