Naam Posted January 10, 2013 Share Posted January 10, 2013 "Pension money invested in bullion is 'peanuts' at the moment," Toshima said. "If 1 percent of their total assets shift to the metal, the gold market would explode." Gold Lures Japan's Pension Funds as Abe Targets Inflation http://www.bloomberg...-inflation.html blablablabla... said Itsuo Toshima, who represented the Tokyo office of World Gold Council for 23 years through 2011. I guess that would be like taking medical advice from anyone working for the World Health Organization right? Just because they work for someone that concentrates on 1 thing we should obviously not listen to them for all they say is biased? The difference is simple; who profits from what they push? WHO employees don't (shouldn't) profit from the various health and vaccine endeavors they do around the world, their salary isn't tied to how many sick people there are, or how many they heal, or how well they heal them. WGC members on the other hand DO profit from pushing their platform on others. From wikipedia; "The World Gold Council is a non-profit association of the world's leading gold mining companies, established in 1987 to promote the use of gold. It aims to stimulate demand for gold from industry, consumers, and investors." but this is the juicy bit; "Based in the UK, with operations in India, the Far East, Europe and the USA, the World Gold Council is an association whose 22 members comprise the world's leading gold mining companies, representing approximately 60% of global corporate gold production." http://en.wikipedia....ld_Gold_Council Show me a professional Financial Analyst who is paid according to how RIGHT he is and who is willing to push gold and THEN you have something. Link to comment Share on other sites More sharing options...
mania Posted January 10, 2013 Share Posted January 10, 2013 (edited) The difference is simple; who profits from what they push? Show me a professional Financial Analyst who is paid according to how RIGHT he is and who is willing to push gold and THEN you have something. Sticking with the medical advice theme Show me a doctor who is paid according to how right he is They push things like drugs, immunizations etc yet have you sign a liability waiver before giving you the immunization or the drug has a 100 "possible" side effect in the little print out included. "Who profits from what they push?" Oh don't even ask when it come to doctors,treatments & pharmaceuticals Back to the Financial theme the same lack of guarantee is standard for any Financial anal-ist no matter what they push Edited January 10, 2013 by mania Link to comment Share on other sites More sharing options...
12DrinkMore Posted January 10, 2013 Share Posted January 10, 2013 (edited) Live in Illinois? http://www.ilga.gov/...sionID=84&GA=97 Creates the Precious Metal Purchasing Act. Provides that a person who is in the business of purchasing precious metal shall obtain a proof of ownership, create a record of the sale, and verify the identity of the seller. Provides that a person who is in the business of purchasing precious metal shall not pay for the precious metal in cash and shall record the method of payment. All gold has to have proof of ownership (how is that supposed to happen) and you can't pay with cash? Edited January 10, 2013 by 12DrinkMore Link to comment Share on other sites More sharing options...
Naam Posted January 10, 2013 Share Posted January 10, 2013 All gold has to have proof of ownership (how is that supposed to happen) and you can't pay with cash? try Italy! With the December 2011 Budget (Manovra Monti) the amount of cash (Contanti ) which can be used in Italy for any given, individual transaction has now been reduced to Euro 1,000. Any payment over and above this amount should now be effected either with a cheque (Assegno) or by bank transfers (Bonifico Bancario).http://www.delgiudic...CTIONS-2010.htm Link to comment Share on other sites More sharing options...
midas Posted January 11, 2013 Share Posted January 11, 2013 (edited) Live in Illinois? http://www.ilga.gov/...sionID=84&GA=97 Creates the Precious Metal Purchasing Act. Provides that a person who is in the business of purchasing precious metal shall obtain a proof of ownership, create a record of the sale, and verify the identity of the seller. Provides that a person who is in the business of purchasing precious metal shall not pay for the precious metal in cash and shall record the method of payment. All gold has to have proof of ownership (how is that supposed to happen) and you can't pay with cash? " the Act is guilty of a petty offense and subject to a fine not exceeding $500. Provides that the Attorney General may inspect records, investigate an alleged violation, and take action to collect civil penalties." So they can do this but they can’t audit the supposed gold reserves at the Fed ? Surely it should be “ I will show you mine if you show me yours “? Edited January 11, 2013 by midas Link to comment Share on other sites More sharing options...
midas Posted January 11, 2013 Share Posted January 11, 2013 Live in Illinois? http://www.ilga.gov/...sionID=84&GA=97 Creates the Precious Metal Purchasing Act. Provides that a person who is in the business of purchasing precious metal shall obtain a proof of ownership, create a record of the sale, and verify the identity of the seller. Provides that a person who is in the business of purchasing precious metal shall not pay for the precious metal in cash and shall record the method of payment. All gold has to have proof of ownership (how is that supposed to happen) and you can't pay with cash? " the Act is guilty of a petty offense and subject to a fine not exceeding $500. Provides that the Attorney General may inspect records, investigate an alleged violation, and take action to collect civil penalties." So they can do this but they can’t audit the supposed gold reserves at the Fed ? Surely it should be “ I will show you mine if you show me yours “? there ya go White House Petition To Audit U.S. Gold Supply http://dailybail.com/home/sign-it-white-house-petition-to-audit-us-gold-supply.html Link to comment Share on other sites More sharing options...
kblaze Posted January 11, 2013 Share Posted January 11, 2013 The difference is simple; who profits from what they push? Show me a professional Financial Analyst who is paid according to how RIGHT he is and who is willing to push gold and THEN you have something. Sticking with the medical advice theme Show me a doctor who is paid according to how right he is They push things like drugs, immunizations etc yet have you sign a liability waiver before giving you the immunization or the drug has a 100 "possible" side effect in the little print out included. "Who profits from what they push?" Oh don't even ask when it come to doctors,treatments & pharmaceuticals Back to the Financial theme the same lack of guarantee is standard for any Financial anal-ist no matter what they push Im confused by your post. Doctors and financial analysts are paid for their services. Doctors should get paid for what they do to make you feel better. Their pay SHOULDN'T be linked to sales because they shouldn't be doing sales. They are SUPPOSED to be offering a neutral view on how to cure your ailment. (Now if you are talking about mal-practice and corrupt doctors receiving kick-backs for pushing medicines and things that aren't needed, well that is an entirely different discussion) Financial Analysts are paid according to the quality of their work; e.g. are they highly rated by clients? how did their stock calls fare doing the year?...etc. They are only "pushing" their research. They don't do sales. They are SUPPOSED to be offering an unbiased view of the sectors they cover. The gold council's stated purpose is to promote the use of gold. So they hope more people will buy gold. More people buying gold = gold price goes up. Gold price goes up = gold companies make money. Gold companies = Gold Council. So they ARE NOT an unbiased opinion, unlike doctors and analysts. KOW JAI MAI? Link to comment Share on other sites More sharing options...
midas Posted January 11, 2013 Share Posted January 11, 2013 (edited) The difference is simple; who profits from what they push? Show me a professional Financial Analyst who is paid according to how RIGHT he is and who is willing to push gold and THEN you have something. Sticking with the medical advice theme Show me a doctor who is paid according to how right he is They push things like drugs, immunizations etc yet have you sign a liability waiver before giving you the immunization or the drug has a 100 "possible" side effect in the little print out included. "Who profits from what they push?" Oh don't even ask when it come to doctors,treatments & pharmaceuticals Back to the Financial theme the same lack of guarantee is standard for any Financial anal-ist no matter what they push Im confused by your post. Doctors and financial analysts are paid for their services. Doctors should get paid for what they do to make you feel better. Their pay SHOULDN'T be linked to sales because they shouldn't be doing sales. They are SUPPOSED to be offering a neutral view on how to cure your ailment. (Now if you are talking about mal-practice and corrupt doctors receiving kick-backs for pushing medicines and things that aren't needed, well that is an entirely different discussion) Financial Analysts are paid according to the quality of their work; e.g. are they highly rated by clients? how did their stock calls fare doing the year?...etc. They are only "pushing" their research. They don't do sales. They are SUPPOSED to be offering an unbiased view of the sectors they cover. The gold council's stated purpose is to promote the use of gold. So they hope more people will buy gold. More people buying gold = gold price goes up. Gold price goes up = gold companies make money. Gold companies = Gold Council. So they ARE NOT an unbiased opinion, unlike doctors and analysts. KOW JAI MAI? The most controversial payments involve consulting arrangements and promotional speeches. Drug company officials say they are funding talks that provide much-needed medical education, led by physicians who are experts in their fields. Critics say financial relationship between doctors and drug companies can threaten patient care by influencing physicians to prescribe certain medications whether or not they are the best choice. http://www.cchrint.o...edical-devices/ Edited January 11, 2013 by midas Link to comment Share on other sites More sharing options...
kblaze Posted January 11, 2013 Share Posted January 11, 2013 Doctors SHOULDNT get paid for peddling unneeded medical care. I agree. Its corrupt. Sales is not supposed to be part of the job. Link to comment Share on other sites More sharing options...
churchill Posted January 11, 2013 Author Share Posted January 11, 2013 Gold, the renminbi and the multi-currency reserve system http://www.omfif.org/downloads/Gold,%20the%20renminbi%20and%20the%20multi-currency%20reserve%20system.pdf Link to comment Share on other sites More sharing options...
Naam Posted January 11, 2013 Share Posted January 11, 2013 Gold, the renminbi and the multi-currency reserve system http://www.omfif.org...erve system.pdf About the World Gold CouncilFor Governments and Central Banks, we are a trusted advisor to policy makers and reserve asset managers on all matters related to the gold market. Link to comment Share on other sites More sharing options...
churchill Posted January 11, 2013 Author Share Posted January 11, 2013 So I take it you disagree with the report .. Link to comment Share on other sites More sharing options...
Naam Posted January 11, 2013 Share Posted January 11, 2013 So I take it you disagree with the report .. when i read a not only blatant but also ridiculous lie such as "For Governments and Central Banks, we are a trusted advisor..." and add that to the lies and successive misleading information spread by that "council" i don't waste too much time reading its reports. utmost ridiculous is the logo in the heading of the report "official forum" Link to comment Share on other sites More sharing options...
midas Posted January 13, 2013 Share Posted January 13, 2013 (edited) watch a bag of cash be used to pay for just seven boxes of beer. And nothing is quite a cathartic as spending several hours trying to count said cash Edited January 13, 2013 by midas Link to comment Share on other sites More sharing options...
Naam Posted January 13, 2013 Share Posted January 13, 2013 (edited) watch a bag of cash be used to pay for just seven boxes of beer. And nothing is quite a cathartic as spending several hours trying to count said cash ! as this is daily common practice in 300 countries and semi-autonome areas it can be used as evidence that any beer should be paid for with Maple Leaves or Krüger Rands Edited January 13, 2013 by Naam Link to comment Share on other sites More sharing options...
churchill Posted January 15, 2013 Author Share Posted January 15, 2013 Is this an old story rehashed .. or is Germany doing a Chavez Bundesbank will deutsches Gold zurückholen http://www.handelsblatt.com/politik/deutschland/reserven-bundesbank-will-deutsches-gold-zurueckholen/7629600.html Link to comment Share on other sites More sharing options...
churchill Posted January 15, 2013 Author Share Posted January 15, 2013 Presumably why gold is rising this am ... strange that there no articles in the English press that I can see apart from Zerohedge see under .. if it is true and I saw somewhere that an official announcement is expected within 24 hours .. then why ........ and how do they explain it without causing some concern ....!!! http://www.zerohedge.com/news/2013-01-14/it-begins-bundesbank-commence-repatriating-gold-new-york-fed Link to comment Share on other sites More sharing options...
churchill Posted January 15, 2013 Author Share Posted January 15, 2013 Bundesbank soll ihr Gold auf Echtheit prüfen lassen http://www.welt.de/finanzen/article112766807/Bundesbank-soll-ihr-Gold-auf-Echtheit-pruefen-lassen.html Link to comment Share on other sites More sharing options...
midas Posted January 15, 2013 Share Posted January 15, 2013 Presumably why gold is rising this am ... strange that there no articles in the English press that I can see apart from Zerohedge see under .. if it is true and I saw somewhere that an official announcement is expected within 24 hours .. then why ........ and how do they explain it without causing some concern ....!!! http://www.zerohedge...ld-new-york-fed and this last Sunday UK bank sits on a pot of €235m in Irish gold Goldcore founder Mark O'Byrne said the Irish people had a right to know where Ireland's gold reserves were stored, how they were stored and whether they were loaned or leased out into the market. http://www.independent.ie/national-news/uk-bank-sits-on-a-pot-of-235m-in-irish-gold-3350347.html#disqus_thread Link to comment Share on other sites More sharing options...
churchill Posted January 15, 2013 Author Share Posted January 15, 2013 (edited) So reserves coming back from France .. presumably ..as they are in the Euro together ...because they don't trust them . Reserves , already reduced , to stay in the UK http://www.telegraph...stery-move.html and some reserves coming back from the US .. because they don't trust them either .. http://www.dw.de/ger...rves/a-16522026 but of course Gold is a Barbarous Relic so why are they bothering .... unless ... Edited January 15, 2013 by churchill Link to comment Share on other sites More sharing options...
midas Posted January 15, 2013 Share Posted January 15, 2013 Presumably why gold is rising this am ... strange that there no articles in the English press that I can see apart from Zerohedge see under .. if it is true and I saw somewhere that an official announcement is expected within 24 hours .. then why ........ and how do they explain it without causing some concern ....!!! http://www.zerohedge...ld-new-york-fed its getting interesting churchill ! 5 things repatriating gold bullion says about the country http://therealasset.co.uk/repatriating-gold-bullion/ Link to comment Share on other sites More sharing options...
yoshiwara Posted January 15, 2013 Share Posted January 15, 2013 Presumably why gold is rising this am ... strange that there no articles in the English press that I can see apart from Zerohedge see under .. if it is true and I saw somewhere that an official announcement is expected within 24 hours .. then why ........ and how do they explain it without causing some concern ....!!! http://www.zerohedge...ld-new-york-fed its getting interesting churchill ! 5 things repatriating gold bullion says about the country http://therealasset....g-gold-bullion/ Another speculative junk article from zeroheadbangers. Link to comment Share on other sites More sharing options...
churchill Posted January 15, 2013 Author Share Posted January 15, 2013 Germany looks to repatriate gold; less trust in Fed? 'The central bank’s press office said a news conference is planned for Wednesday morning, and the topic will be gold reserves.' http://www.marketwatch.com/story/germany-may-repatriate-gold-less-trust-in-fed-2013-01-15?link=MW_latest_news Bundesbank to pull gold from New York and Paris in watershed moment Germany’s Bundesbank is to repatriate gold reserves held abroad to tighten control and combat currency crises in the future, pulling a chunk of its holdings from New York and all its bullion from Paris. http://www.telegraph.co.uk/finance/personalfinance/investing/gold/9804444/Bundesbank-to-pull-gold-from-New-York-and-Paris-in-watershed-moment.html Link to comment Share on other sites More sharing options...
Naam Posted January 15, 2013 Share Posted January 15, 2013 So reserves coming back from France .. presumably ..as they are in the Euro together ...because they don't trust them . Reserves , already reduced , to stay in the UK http://www.telegraph...stery-move.html and some reserves coming back from the US .. because they don't trust them either .. http://www.dw.de/ger...rves/a-16522026 but of course Gold is a Barbarous Relic so why are they bothering .... unless ... for the record: gold is not a barbaric relict but a rather valuable commodity. Link to comment Share on other sites More sharing options...
Naam Posted January 15, 2013 Share Posted January 15, 2013 Presumably why gold is rising this am ... strange that there no articles in the English press that I can see apart from Zerohedge see under .. if it is true and I saw somewhere that an official announcement is expected within 24 hours .. then why ........ and how do they explain it without causing some concern ....!!! http://www.zerohedge...ld-new-york-fed yesterday's skyrocketing of the Gold price by 0.6% was without doubt based on the "facts" Null-Hedge reported. that the US-Dollar fell yesterday 0.9% vs. a Micky Mouse currency like the Thai Baht is of course irrelevant for people who live or are planning to live in Thailand. Link to comment Share on other sites More sharing options...
midas Posted January 16, 2013 Share Posted January 16, 2013 Presumably why gold is rising this am ... strange that there no articles in the English press that I can see apart from Zerohedge see under .. if it is true and I saw somewhere that an official announcement is expected within 24 hours .. then why ........ and how do they explain it without causing some concern ....!!! http://www.zerohedge...ld-new-york-fed its getting interesting churchill ! 5 things repatriating gold bullion says about the country http://therealasset....g-gold-bullion/ Another speculative junk article from zeroheadbangers. nothing speculative about this one..... oh dear yoshiwara ! R.I.P. Retirement: 28% of Americans are Raiding Their 401k Plans http://libertyblitzkrieg.com/2013/01/15/r-i-p-retirement-28-of-americans-are-raiding-their-401k-plans/ Link to comment Share on other sites More sharing options...
yoshiwara Posted January 16, 2013 Share Posted January 16, 2013 Presumably why gold is rising this am ... strange that there no articles in the English press that I can see apart from Zerohedge see under .. if it is true and I saw somewhere that an official announcement is expected within 24 hours .. then why ........ and how do they explain it without causing some concern ....!!! http://www.zerohedge...ld-new-york-fed its getting interesting churchill ! 5 things repatriating gold bullion says about the country http://therealasset....g-gold-bullion/ Another speculative junk article from zeroheadbangers. nothing speculative about this one..... oh dear yoshiwara ! R.I.P. Retirement: 28% of Americans are Raiding Their 401k Plans http://libertyblitzk...eir-401k-plans/ Its the foam-flecked commentary from the websites you associate with that gives us cause for concern as to your well-being. Link to comment Share on other sites More sharing options...
Naam Posted January 16, 2013 Share Posted January 16, 2013 Retirement: 28% of Americans are Raiding Their 401k Plans tough luck Link to comment Share on other sites More sharing options...
edgarfriendly Posted January 16, 2013 Share Posted January 16, 2013 Presumably why gold is rising this am ... strange that there no articles in the English press that I can see apart from Zerohedge see under .. if it is true and I saw somewhere that an official announcement is expected within 24 hours .. then why ........ and how do they explain it without causing some concern ....!!! http://www.zerohedge...ld-new-york-fed yesterday's skyrocketing of the Gold price by 0.6% was without doubt based on the "facts" Null-Hedge reported. that the US-Dollar fell yesterday 0.9% vs. a Micky Mouse currency like the Thai Baht is of course irrelevant for people who live or are planning to live in Thailand. Is that why despite stratosphere-rocketing gaining in the US market, Gold has sat stable here? Link to comment Share on other sites More sharing options...
Naam Posted January 16, 2013 Share Posted January 16, 2013 Presumably why gold is rising this am ... strange that there no articles in the English press that I can see apart from Zerohedge see under .. if it is true and I saw somewhere that an official announcement is expected within 24 hours .. then why ........ and how do they explain it without causing some concern ....!!! http://www.zerohedge...ld-new-york-fed yesterday's skyrocketing of the Gold price by 0.6% was without doubt based on the "facts" Null-Hedge reported. that the US-Dollar fell yesterday 0.9% vs. a Micky Mouse currency like the Thai Baht is of course irrelevant for people who live or are planning to live in Thailand. Is that why despite stratosphere-rocketing gaining in the US market, Gold has sat stable here? since the "crisis" 4 years ago Gold doubled. DOW doubled too but paid dividends on top. HY bonds doubled and tripled but paid fat interest in addition. question: "where's the beef?" Link to comment Share on other sites More sharing options...
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