Where Is Gold Going In This Market

[Naam]

"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.

[mania]

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

[12DrinkMore]

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

[Naam]

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

[midas]

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

[midas]

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

[kblaze]

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?

[midas]

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

[kblaze]

Doctors SHOULDNT get paid for peddling unneeded medical care. I agree. Its corrupt. Sales is not supposed to be part of the job.

[churchill]

Gold, the renminbi and the multi-currency reserve system

http://www.omfif.org/downloads/Gold,%20the%20renminbi%20and%20the%20multi-currency%20reserve%20system.pdf

[Naam]

Gold, the renminbi and the multi-currency reserve system

http://www.omfif.org...erve system.pdf

About the World Gold Council

For Governments and Central Banks, we are a trusted advisor to policy

makers and reserve asset managers on all matters related to the gold market.

[churchill]

So I take it you disagree with the report ..

[Naam]

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"

[midas]

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

[Naam]

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

[churchill]

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

[churchill]

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

[churchill]

Bundesbank soll ihr Gold auf Echtheit prüfen lassen

http://www.welt.de/finanzen/article112766807/Bundesbank-soll-ihr-Gold-auf-Echtheit-pruefen-lassen.html

[midas]

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

[churchill]

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

[midas]

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/

[yoshiwara]

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.

[churchill]

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

[Naam]

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.

[Naam]

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.

[midas]

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/

[yoshiwara]

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.

[Naam]

Retirement: 28% of Americans are Raiding Their 401k Plans

tough luck

[edgarfriendly]

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?

[Naam]

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?"