Where Is Gold Going In This Market

[cheeryble]

If I decide to convert to dollars I will make money on the difference between 37 and 29.

Planning on going back to the land of the free? (not healthcare of course)

Edited May 11, 2013 by cheeryble

[IAMSOBAD]

With Obamacare and FACTA and all the right wing zealots I think I will stay here.

The corruption in American government makes me so ashamed.

Sent from my GT-N7000 using Thaivisa Connect Thailand mobile app

[farang000999]

You have to remember that Peter Schiff is a salesman and nothing more. It is always going to be a good idea to buy gold in his mind AND you should really buy it from him personally, on sale for today only, at just a 7% markup over spot before shipping and handling charges. And don't forget to call one of his brokers and set up a brokerage account - he somehow lost 50% in 2009 despite having been "the only person" to foresee the housing bubble.

Edited May 11, 2013 by farang000999

[midas]

Are We On The Verge Of Witnessing The Death Of The Paper Gold Scam?

Billionaire Eric Sprott:
So we see all of these paper (trading) volumes going through that bear absolutely no relationship to what’s going on in the physical markets. As you know I have always been a proponent of the fact that supply in the gold market was way less than demand, and by a very large factor. I think demand exceeds supply by at least 60%. The central banks are surreptitiously supplying that gold, and ultimately they will be running on fumes.

http://theeconomiccollapseblog.com/archives/are-we-on-the-verge-of-witnessing-the-death-of-the-paper-gold-scam

Edited May 11, 2013 by midas

[yoshiwara]

I strongly suspect that gold is not only manipulated, but perhaps part of a massive fraud. I don't know. I don't.

I agree. You don't know.

[MrWorldwide]

I strongly suspect that gold is not only manipulated, but perhaps part of a massive fraud. I don't know. I don't.

I agree. You don't know.

Beat me to it.

Gold, diamonds, pork bellies - it's all just supply and demand, regardless of their 'practical value'. I may not need an industrial diamond or gold fillings, but SOMEONE does, and that will determine the price : I dont think there is any mystery here, It's no sillier than the market briefly dipping when a bomb goes off in Boston - I wonder how many people buy Apple shares simply because they are besotted with their iPhone .....wolves and sheep.

[metisdead]

Trolling posts about diamonds have removed as well as the replies as this topic is not diamonds or pork bellies,.

[Naam]

Why Using Gold And Silver As Legal Tender Is An Awful Idea

Arizona has just become the second state to allow gold and silver to be used as legal tender ... sort of.

http://seekingalpha.com/article/1429041-why-using-gold-and-silver-as-legal-tender-is-an-awful-idea?source=email_macro_view&ifp=0

[midas]

Why Using Gold And Silver As Legal Tender Is An Awful Idea

Arizona has just become the second state to allow gold and silver to be used as legal tender ... sort of.

http://seekingalpha.com/article/1429041-why-using-gold-and-silver-as-legal-tender-is-an-awful-idea?source=email_macro_view&ifp=0

I have never read such a complete load of baloney!

Anyway, Gov Jan Brewer knocked the whole idea on the head Just last week?

http://libertycrier.com/politics/nullification/brewer-stops-plans-to-make-gold-silver-legal-tender-in-arizona/

That is why the simple U.S. dollar, with all is flaws, is still loved so much.

" As the recent collapse of gold and silver and the Bitcoin prove beyond any reasonable doubt, monetary systems aren't playgrounds for ideological experiments

Gold wouldn't collapse would it if certain parties stopped deliberately trying to manipulate it?

Edited May 14, 2013 by midas

[mccw]

Why Using Gold And Silver As Legal Tender Is An Awful Idea

Arizona has just become the second state to allow gold and silver to be used as legal tender ... sort of.

http://seekingalpha.com/article/1429041-why-using-gold-and-silver-as-legal-tender-is-an-awful-idea?source=email_macro_view&ifp=0

A bit Bla bla bla for you naam I'd have thought.

Valid points in a way. But its no different to countries like Loas or Cambodia accepting payments in local, bht and dollar form. Calling gold a commodity that fluctuates in value and then all the reasons and examples listed are just the same as those facing currencies also. Unless there is a fix. But it doesn't mean its impossible. It clearly such arrangements have worked provenly across much of the world where local currencies are weak / prone to fluctuation and the dollar was used as a store of value. In US people and states are loosing faith in the dollar and do are looking to gold like the poor countries once looked to the dollar. This is why it is a conceivable theory that the US government through the financial rackets are trying to crash the gold price and make great fluctuations so journalists like this and public/ states/ business looking for an alternative store of value are not confident in anything else either.

I notice Burma doesn't want dollars on the immigration since a couple of years and asking bht instead; I think that when the countries like this aren't even wanting dollars anymore it says a lot about the change affoot. Like the interest to building of gold reserves in emerging nations and thier populations cultural trust in gold for saving over paper money. Maybe slow process but long term I'm sure the tradjectory is up. Not saying that will be the best most fantastic yielding "investment" but it should function well as a good reserve.

[mccw]

The situation of 1790 and the over "coining" of the time could easily be pointed to as just what the federal government is up to today.

[mania]

The situation of 1790 and the over "coining" of the time could easily be pointed to as just what the federal government is up to today.

A point could be made that since the introduction of the FED Reserve,

a privately owned group, which is not a branch of the US Federal Government,

that they have been in breach or negligence of Article 1 Section 8 of the Constitution.

Because these days few if any in Congress understand the creation of money/debt & leave it all to the

FED who supposedly acts in America's best interest yet again are privately held & profit from their own actions.

None in Congress "regulate the Value thereof" it is Mr. Bernanke who does this according to which way he

decides the wind is blowing

Edited May 14, 2013 by mania

[mccw]

The situation of 1790 and the over "coining" of the time could easily be pointed to as just what the federal government is up to today.

A point could be made that since the introduction of the FED Reserve,

a privately owned group, which is not a branch of the US Federal Government,

that they have been in breach or negligence of Article 1 Section 8 of the Constitution.

Because these days few if any in Congress understand the creation of money/debt & leave it all to the

FED who supposedly acts in America's best interest yet again are privately held & profit from their own actions.

None in Congress "regulate the Value thereof" it is Mr. Bernanke who does this according to which way he

decides the wind is blowing

Completely agree!

[Jayman]

The situation of 1790 and the over "coining" of the time could easily be pointed to as just what the federal government is up to today.

A point could be made that since the introduction of the FED Reserve,

a privately owned group, which is not a branch of the US Federal Government,

that they have been in breach or negligence of Article 1 Section 8 of the Constitution.

Because these days few if any in Congress understand the creation of money/debt & leave it all to the

FED who supposedly acts in America's best interest yet again are privately held & profit from their own actions.

None in Congress "regulate the Value thereof" it is Mr. Bernanke who does this according to which way he

decides the wind is blowing

Completely agree!

as do I.

[yoshiwara]

The situation of 1790 and the over "coining" of the time could easily be pointed to as just what the federal government is up to today.

A point could be made that since the introduction of the FED Reserve,

a privately owned group, which is not a branch of the US Federal Government,

that they have been in breach or negligence of Article 1 Section 8 of the Constitution.

Because these days few if any in Congress understand the creation of money/debt & leave it all to the

FED who supposedly acts in America's best interest yet again are privately held & profit from their own actions.

None in Congress "regulate the Value thereof" it is Mr. Bernanke who does this according to which way he

decides the wind is blowing

Completely agree!

as do I.

All lashed together to the same broken mast.

[midas]

The situation of 1790 and the over "coining" of the time could easily be pointed to as just what the federal government is up to today.

A point could be made that since the introduction of the FED Reserve,

a privately owned group, which is not a branch of the US Federal Government,

that they have been in breach or negligence of Article 1 Section 8 of the Constitution.

Because these days few if any in Congress understand the creation of money/debt & leave it all to the

FED who supposedly acts in America's best interest yet again are privately held & profit from their own actions.

None in Congress "regulate the Value thereof" it is Mr. Bernanke who does this according to which way he

decides the wind is blowing

they have been in breach or negligence of Article 1 Section 8 of the Constitution.

So what ? Whether it is the FED or even the top guy himself.....American people quite evidently don't seem to care about these kinds of things any more?

Even if the people haven't gone out on the streets to protest against this serious " trend " , at the very least you would think they would not have voted back into office somebody who has repeatedly shown his total disregard for the US Constitution during his first four years ?

http://itmakessenseblog.com/2012/06/21/obamas-overplayed-hand-and-blatant-disregard-for-the-constitution-is-appalling/To

Edited May 15, 2013 by midas

[cheeryble]

" at the very least you would think they would not have voted back into office somebody who has repeatedly shown his total disregard for the US Constitution during his first four years"

Yeah you could have had John McCain and Sarah Palin.

That failed pilot but successful heiress-married might likely have installed an austerity programme with the results obtained in Europe. McCain might have bombed Osama with the consequence of shrines all over the place with half a leg, a couple of fingers, an eyeball, in them.....rather like the Catholic Church.

You would certainly be balls deep in Syria.

Whoopee

Edited May 15, 2013 by cheeryble

[midas]

" at the very least you would think they would not have voted back into office somebody who has repeatedly shown his total disregard for the US Constitution during his first four years"

Yeah you could have had John McCain and Sarah Palin.

That failed pilot but successful heiress-married might likely have installed an austerity programme with the results obtained in Europe. McCain might have bombed Osama with the consequence of shrines all over the place with half a leg, a couple of fingers, an eyeball, in them.....rather like the Catholic Church.

You would certainly be balls deep in Syria.

Whoopee

" John McCain and Sarah Palin."

I don't think either of those two would have served the best interests of the American people either.

There was only one man who spoke the TRUTH but he was marginalised and ridiculed. And he knew all about the Federal reserve being in breach of the Constitution because it was his job to oversee that organisation

Edited May 15, 2013 by midas

[Naam]

meantime in the markets. central banks are buying (as usual) left and right tons of gold. Indians, Chinese and Thais rioting in front of gold shops and curse the signs "sorry, today gold no have."

[cheeryble]

" at the very least you would think they would not have voted back into office somebody who has repeatedly shown his total disregard for the US Constitution during his first four years"

Yeah you could have had John McCain and Sarah Palin.

That failed pilot but successful heiress-married might likely have installed an austerity programme with the results obtained in Europe. McCain might have bombed Osama with the consequence of shrines all over the place with half a leg, a couple of fingers, an eyeball, in them.....rather like the Catholic Church.

You would certainly be balls deep in Syria.

Whoopee

" John McCain and Sarah Palin."

I don't think either of those two would have served the best interests of the American people either.

There was only one man who spoke the TRUTH but he was marginalised and ridiculed. And he knew all about the Federal reserve being in breach of the Constitution because it was his job to oversee that organisation

Are you speaking of Ron Paul, the guy who thinks American healthcare is a free market?

[cheeryble]

FT ALPHAVILLE

The conspiracy channels continue to make a big deal about the backwardation of gold — which is a situation in which gold prices for today are higher than for tomorrow. The thinking is that this must indicate rampant demand for physical gold. In reality, since gold is a highly financialised commodity, the backwardation signal doesn’t actually indicate the bullishness they imply it does. Rather, it suggests something entirely different: that interest rates in conventional money markets are turning increasingly negative. Click through to Izzy's post for the full explanation and discussion.

[churchill]

from an older post http://www.thaivisa.com/forum/topic/218064-where-is-gold-going-in-this-market/?p=6365395

I just listened to a few minutes from Mervyn what's his name as he retires ...

Two points he commented on

1) that there has to be a rebalancing of assets ..... which I take to mean some transfer from west to east

and that 2) interest rates will have to rise and cannot be massaged lower for ever .........during the time of low rates Banks are taking the opportunity to rebalance and that in the short term asset prices , property etc will rise , but when rates rise those assets will adjust

So prepare ...as rates rise , which they will , most assets will fall

Edited May 15, 2013 by churchill

[lannarebirth]

FT ALPHAVILLE

The conspiracy channels continue to make a big deal about the backwardation of gold — which is a situation in which gold prices for today are higher than for tomorrow. The thinking is that this must indicate rampant demand for physical gold. In reality, since gold is a highly financialised commodity, the backwardation signal doesn’t actually indicate the bullishness they imply it does. Rather, it suggests something entirely different: that interest rates in conventional money markets are turning increasingly negative. Click through to Izzy's post for the full explanation and discussion.

Remember when Gold began its Bull Market and it took some Gold producers months, even years to unwind their hedge positions? Maybe producers are putting their hedges back on. No Gold Bug site will ever consider that however because to their minds that would be insane, because Gold is just days or weeks away from shooting to $5,000/oz. Just a thought.

[Naam]

FT ALPHAVILLE

The conspiracy channels continue to make a big deal about the backwardation of gold — which is a situation in which gold prices for today are higher than for tomorrow. The thinking is that this must indicate rampant demand for physical gold. In reality, since gold is a highly financialised commodity, the backwardation signal doesn’t actually indicate the bullishness they imply it does. Rather, it suggests something entirely different: that interest rates in conventional money markets are turning increasingly negative. Click through to Izzy's post for the full explanation and discussion.

Remember when Gold began its Bull Market and it took some Gold producers months, even years to unwind their hedge positions? Maybe producers are putting their hedges back on. No Gold Bug site will ever consider that however because to their minds that would be insane, because Gold is just days or weeks away from shooting to $5,000/oz. Just a thought.

why only $5,000/ounce?

[Naam]

So prepare ...as rates rise, which they will, most assets will fall

and two plus two will equal four!

[Naam]

gold 1394.80

senr from me to you... via encrypted Klingonic subspace channel from the gamma quadrant.

[yoshiwara]

gold 1394.80

senr from me to you... via encrypted Klingonic subspace channel from the gamma quadrant.

I thought all the gold shop shelves throughout the world had been cleared by panic buyers?

[John 1]

gold 1394.80

senr from me to you... via encrypted Klingonic subspace channel from the gamma quadrant.

I thought all the gold shop shelves throughout the world had been cleared by panic buyers?

Haven't you heard of the sheep mentality. or is lemmings following one another over the cliff. Just wait for all the people that had gold say they sold yesterday B/S.

[binjalin]

sooo? up or further down? predictions?

[Kwasaki]

I'm a practical hands on guy never been good with investments so hence the question for the gurus or non spiritual teachers with some basic advice.

Could Banks in Thailand get to be like others in the world and grab your dosh.

Simply I like to keep my 1 year extension money intact all year in one bank and do not touch.

I was thinking, I know it's dangerous for me but would like to take maybe not all, say half or so and buy gold with it and just keep it, just plain gold necklace chains say.

Once a year the government type of porn office will give us 2 or 3k less baht cash per baht gold and charge a small % per month, 3months in my case until we get it back.

We still have kept gold that we bought when it was about 7k per baht something, so good idea or not.