BlackJack Posted July 4, 2013 Share Posted July 4, 2013 Here’s what is happening, according to a recent report from the World Gold Council: sorry Naam no prize for second BTW why will it take the USA 7 years to give the Germans the Gold that they have been safe keeping could it be that there is none? Link to comment Share on other sites More sharing options...
BlackJack Posted July 4, 2013 Share Posted July 4, 2013 enough now time out wine o'clock enjoy all Link to comment Share on other sites More sharing options...
Naam Posted July 4, 2013 Share Posted July 4, 2013 Here’s what is happening, according to a recent report from the World Gold Council: sorry Naam no prize for second BTW why will it take the USA 7 years to give the Germans the Gold that they have been safe keeping could it be that there is none? using existing (or not existing) German Gold as an argument increases my sympathy for you Link to comment Share on other sites More sharing options...
midas Posted July 4, 2013 Share Posted July 4, 2013 Here’s what is happening, according to a recent report from the World Gold Council: Is quoting information from the World Gold Council any more hilarious than all the times you have posted information from your own banksters as if any of that would have been even half credible Link to comment Share on other sites More sharing options...
churchill Posted July 4, 2013 Share Posted July 4, 2013 (edited) 'why will it take the USA 7 years to give the Germans the Gold that they have been safe keeping' It takes time to find it http://dsc.discovery.com/tv-shows/other-shows/videos/penn-teller-tell-a-lie-gold-mining-in-new-york-city.htm and how they do it in India http://www.youtube.com/watch?v=raUmoOwvanE Edited July 4, 2013 by churchill Link to comment Share on other sites More sharing options...
ray23 Posted July 4, 2013 Share Posted July 4, 2013 Isn't a loss to you sale it Didn't it already hit the 1100 range now mid range 1200's? Link to comment Share on other sites More sharing options...
Naam Posted July 4, 2013 Share Posted July 4, 2013 Here’s what is happening, according to a recent report from the World Gold Council: Is quoting information from the World Gold Council any more hilarious than all the times you have posted information from your own banksters as if any of that would have been even half credible your repeating is getting boring Midas. i have posted a few times analysts' opinions. but none of them turned out as the hilarious and blatant lies and misinformation the "Galactic Gold Council" spreads, e.g. Galactic Council "recently": In India, consumers have flooded into the market, viewing the lower prices very much as a buying opportunity, with a sudden rise in jewelry sales reported from retailers across the nation. MUMBAI (Reuters) - Gold demand in India, the world's biggest buyer of the metal, remained weak on Thursday even as prices eased from their highest level in a week. * "There is no demand at all and there are no supplies," said Ashok Jain, partner at Mumbai-based wholesaler Chenaji Narsinghji Bullion. http://in.finance.yahoo.com/news/gold-prices-down-demand-remains-113433955.html Link to comment Share on other sites More sharing options...
Naam Posted July 4, 2013 Share Posted July 4, 2013 'why will it take the USA 7 years to give the Germans the Gold that they have been safe keeping' why do Brits, Americans and Aussies bother every now and then?do they own some of the allegedly missing German Gold? Link to comment Share on other sites More sharing options...
churchill Posted July 4, 2013 Share Posted July 4, 2013 Here’s what is happening, according to a recent report from the World Gold Council: Is quoting information from the World Gold Council any more hilarious than all the times you have posted information from your own banksters as if any of that would have been even half credible your repeating is getting boring Midas. i have posted a few times analysts' opinions. but none of them turned out as the hilarious and blatant lies and misinformation the "Galactic Gold Council" spreads, e.g. Galactic Council "recently": In India, consumers have flooded into the market, viewing the lower prices very much as a buying opportunity, with a sudden rise in jewelry sales reported from retailers across the nation. MUMBAI (Reuters) - Gold demand in India, the world's biggest buyer of the metal, remained weak on Thursday even as prices eased from their highest level in a week. * "There is no demand at all and there are no supplies," said Ashok Jain, partner at Mumbai-based wholesaler Chenaji Narsinghji Bullion. http://in.finance.yahoo.com/news/gold-prices-down-demand-remains-113433955.html Ashok Jain ... Why the premium then ? Gold at a huge premium as imports dry up; survival of small jewellers at stakehttp://economictimes.indiatimes.com/markets/commodities/gold-at-a-huge-premium-as-imports-dry-up-survival-of-small-jewellers-at-stake/articleshow/20884448.cms Link to comment Share on other sites More sharing options...
yoshiwara Posted July 4, 2013 Share Posted July 4, 2013 (edited) Ashok Jain ... Why the premium then ? That would be the premium on the base collapsed price presumably. Nothing to do with Indian import restrictions then? Edited July 4, 2013 by yoshiwara Link to comment Share on other sites More sharing options...
yoshiwara Posted July 4, 2013 Share Posted July 4, 2013 'why will it take the USA 7 years to give the Germans the Gold that they have been safe keeping' It takes time to find it Still flogging that old canard about the missing German gold then. Link to comment Share on other sites More sharing options...
Naam Posted July 5, 2013 Share Posted July 5, 2013 Churchill Ashok Jain ... Why the premium then ? Gold at a huge premium as imports dry up; survival of small jewellers at stake http://economictimes...ow/20884448.cms let's analyse the "huge" premium and conclude that PM Churchill and the quoted journàsslist forgot as usual to do their homework. The acquisition cost of the yellow metal has shot up as bullion dealers are now charging a premium of up to Rs 350 per 10 grams over and above the metal's international price, up from only Rs 40 two weeks ago. -INR 350 per 10g = INR 1,090 per ounce = USD 18.12 per ounce -international price USD 1249 / ounce summary: the "huge" premium represents 1.45% note: the journàsslist is way off with his arithmetic. the ignorant clown is not even aware that India has slapped in the meantime a total of 8% sales and excise duty on to the international price of Gold. (Reuters) - India has increased import duty on gold by a third to 8 percent... http://in.reuters.co...E9540DG20130605 side note: PM i pity the feet of Churchill. one shot after the other 1 Link to comment Share on other sites More sharing options...
churchill Posted July 5, 2013 Share Posted July 5, 2013 Churchill Ashok Jain ... Why the premium then ? Gold at a huge premium as imports dry up; survival of small jewellers at stake http://economictimes...ow/20884448.cms let's analyse the "huge" premium and conclude that PM Churchill and the quoted journàsslist forgot as usual to do their homework. The acquisition cost of the yellow metal has shot up as bullion dealers are now charging a premium of up to Rs 350 per 10 grams over and above the metal's international price, up from only Rs 40 two weeks ago. -INR 350 per 10g = INR 1,090 per ounce = USD 18.12 per ounce -international price USD 1249 / ounce summary: the "huge" premium represents 1.45% note: the journàsslist is way off with his arithmetic. the ignorant clown is not even aware that India has slapped in the meantime a total of 8% sales and excise duty on to the international price of Gold. (Reuters) - India has increased import duty on gold by a third to 8 percent... http://in.reuters.co...E9540DG20130605 side note: PM i pity the feet of Churchill. one shot after the other Naam you quoted in Bold 'There is no demand at all ' It does not make any difference what the premium is 1 or 10 % there is a premium so there is demand ... Yes ..There are not enough supplies because of import taxes etc but that is a different subject . You try to change the point to win an argument Link to comment Share on other sites More sharing options...
churchill Posted July 5, 2013 Share Posted July 5, 2013 'why will it take the USA 7 years to give the Germans the Gold that they have been safe keeping' It takes time to find it Still flogging that old canard about the missing German gold then. That ' old canard ' that the gold is there ... why do they brick up the doors so entry and audit is impossible without emptying the whole vault .... by the way this vault goes back 50 metres and is packed floor to ceiling wall to wall with Gold http://www.newyorkfed.org/images/v3/features/goldcustody.gif At least at the BOE vaults audit and sight of all gold bars is easy http://i.telegraph.co.uk/multimedia/archive/02128/boe-gold_2128179b.jpg Link to comment Share on other sites More sharing options...
Naam Posted July 5, 2013 Share Posted July 5, 2013 sorry Churchill... i had no idea that your pet crocodile has eaten your homework Link to comment Share on other sites More sharing options...
yoshiwara Posted July 5, 2013 Share Posted July 5, 2013 'why will it take the USA 7 years to give the Germans the Gold that they have been safe keeping' It takes time to find it Still flogging that old canard about the missing German gold then. That ' old canard ' that the gold is there ... why do they brick up the doors so entry and audit is impossible without emptying the whole vault .... by the way this vault goes back 50 metres and is packed floor to ceiling wall to wall with Gold http://www.newyorkfed.org/images/v3/features/goldcustody.gif At least at the BOE vaults audit and sight of all gold bars is easy http://i.telegraph.co.uk/multimedia/archive/02128/boe-gold_2128179b.jpg They should ask Aldi to put it in plastic bags for your mates to count. Unfortunately the gold bugs make up all sorts of assumptions "there is no other explanation" to fit in with their paranoid theories and peddle them repetitively as fact when they are nothing of the sort. So do tell us about the disappeared German gold one more time. Link to comment Share on other sites More sharing options...
churchill Posted July 5, 2013 Share Posted July 5, 2013 'why will it take the USA 7 years to give the Germans the Gold that they have been safe keeping' It takes time to find it Still flogging that old canard about the missing German gold then. That ' old canard ' that the gold is there ... why do they brick up the doors so entry and audit is impossible without emptying the whole vault .... by the way this vault goes back 50 metres and is packed floor to ceiling wall to wall with Gold http://www.newyorkfed.org/images/v3/features/goldcustody.gif At least at the BOE vaults audit and sight of all gold bars is easy http://i.telegraph.co.uk/multimedia/archive/02128/boe-gold_2128179b.jpg They should ask Aldi to put it in plastic bags for your mates to count.Unfortunately the gold bugs make up all sorts of assumptions "there is no other explanation" to fit in with their paranoid theories and peddle them repetitively as fact when they are nothing of the sort. So do tell us about the disappeared German gold one more time. Link to comment Share on other sites More sharing options...
churchill Posted July 5, 2013 Share Posted July 5, 2013 WA gold miner goes under, more jobs losthttp://www.mineweb.com/mineweb/content/en/mineweb-fast-news?oid=196677&sn=Detail Link to comment Share on other sites More sharing options...
Naam Posted July 5, 2013 Share Posted July 5, 2013 WA gold miner goes under, more jobs lost http://www.mineweb.com/mineweb/content/en/mineweb-fast-news?oid=196677&sn=Detail The price of gold has fallen 26 per cent in six months, while the spot price last week fell to it’s lowest level since 2010. why would anybody care about the spot price? it's a well known fact that the premiums over spot are "huge", central banks are buying, Indians and Chinese emptying the shelves of any goldshop they find, Basel III mandates banks to fill their basements and broom closets with physical gold... Link to comment Share on other sites More sharing options...
Naam Posted July 5, 2013 Share Posted July 5, 2013 WA gold miner goes under, more jobs lost http://www.mineweb.com/mineweb/content/en/mineweb-fast-news?oid=196677&sn=Detail The price of gold has fallen 26 per cent in six months, while the spot price last week fell to it’s lowest level since 2010. why would anybody care about the spot price? it's a well known fact that the premiums over spot are "huge", central banks are buying, Indians and Chinese emptying the shelves of any goldshop they find, Basel III mandates banks to fill their basements and broom closets with physical gold... Link to comment Share on other sites More sharing options...
churchill Posted July 5, 2013 Share Posted July 5, 2013 Naam hiccuped , whilst posting his usual rubbish Link to comment Share on other sites More sharing options...
yoshiwara Posted July 5, 2013 Share Posted July 5, 2013 Naam hiccuped , whilst posting his usual rubbish So, gold going down another 2.5% today. What's with those Indian queues? Link to comment Share on other sites More sharing options...
midas Posted July 5, 2013 Share Posted July 5, 2013 (edited) And this is the reason being given for the sell-off in gold…………..an improvement in the jobs data ? Obamacare Strikes: Part-Time Jobs Surge To All Time High; Full-Time Jobs Plunge By 240,000 Edited July 5, 2013 by midas Link to comment Share on other sites More sharing options...
Naam Posted July 6, 2013 Share Posted July 6, 2013 Naam hiccuped , whilst posting his usual rubbish So, gold going down another 2.5% today. What's with those Indian queues? the shelves are empty. it makes no sense to queue up for gold that does not exist. and if it existed there's the huge premium. the premium associated with wet dreams and homework not done... Link to comment Share on other sites More sharing options...
yoshiwara Posted July 8, 2013 Share Posted July 8, 2013 Naam hiccuped , whilst posting his usual rubbish So, gold going down another 2.5% today. What's with those Indian queues?the shelves are empty. it makes no sense to queue up for gold that does not exist. and if it existed there's the huge premium. the premium associated with wet dreams and homework not done... With any luck the price of the gold miners will drop below the price of production today/tomorrow/next week/next month/next year, and the gold price will come roaring right back. (Randgold only down 31% this year wildly out of synch with gold which is down......) Link to comment Share on other sites More sharing options...
BlackJack Posted July 8, 2013 Share Posted July 8, 2013 you guys have no substance only your opinions test yourself go and buy 1 kilo of physical gold and see how long delivery takes then stick you opinion where it belongs 1 Link to comment Share on other sites More sharing options...
BlackJack Posted July 8, 2013 Share Posted July 8, 2013 better still go up to the Kingsgate gold mine in Chatree Thailand and ask Gavin - where all the golds is! Link to comment Share on other sites More sharing options...
Naam Posted July 8, 2013 Share Posted July 8, 2013 you guys have no substance only your opinions test yourself go and buy 1 kilo of physical gold and see how long delivery takes then stick you opinion where it belongs it takes 60 seconds weighing 3 bars each 20 Baht plus 1 bar of 5 Baht and perhaps another 2 minutes placing the bars in a nice little box while another shop assistant is using the machine to count the 11 bundles each THB 100k (plus some change). that might take an additional 2-3 minutes. total delivery time since entering the shop max 10 minutes if no other customer ahead. note: i am talking of "my" goldshop located in Pattaya Klang and not about the shop with the empty shelves in Nakhon Wetdream, Confusedbury Province you are referring to. advice: try and sell your fairy tales to people who possess a wealth of no idea as far as gold purchases are concerned and stop ridiculing yourself. Link to comment Share on other sites More sharing options...
CPH Posted July 8, 2013 Share Posted July 8, 2013 Many goldminers have a production price of 800-900 $ per ounce. Be careful buying gold now. 1 Link to comment Share on other sites More sharing options...
churchill Posted July 10, 2013 Share Posted July 10, 2013 better still go up to the Kingsgate gold mine in Chatree Thailand and ask Gavin - where all the golds is! Kingsgate’s Chile silver/gold project gets environmental nod 'MD and CEO Gavin Thomas said in a statement on Wednesday that work was still to be completed on the feasibility study but added that Kingsgate remained confident that the project would continue to advance despite volatile price conditions.' http://www.miningweekly.com/article/kingsgates-chile-silvergold-project-gets-environmental-nod-2013-07-10 Link to comment Share on other sites More sharing options...
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