Jump to content

What's the Gold Forecast?


Recommended Posts

As long as the price of real GOLD is set by fraudulent paper future contracts , the forecast is a high pressure on prices with a 100 % chance of manipulation.

Or when the west is completely out of Gold (and Silver) to sell to large buyers like India , China & Russia, prices will go up 'till some are willing to sell.

I'm not saying futures contracts don't have a bearing on the price of physical gold, they absolutely do. But did you ever think for a moment that that manipulation is how the price of physical gold has gotten so high, or are you only able to see how one side of that relationship exists?

What do you mean "the price of physical gold has gotten so high" ??

With all the paper/digital money creation , Gold should be at least 3000 to 5000 USD/oz , and that is conservative.

At this time , no government wants high Gold prices , not the Chinese or Indians ( who still want to buy more at low prices ) nor the US or EU ( because it would really undermine their currencies ).

95 % of people don't know or understand ( or don't care ) what is going on in the in the financial world.

As long as they are kept in the dark , the trust in the value of their country's currency will keep things afloat.

Link to comment
Share on other sites

  • Replies 88
  • Created
  • Last Reply

Top Posters In This Topic

Top Posters In This Topic

Posted Images

As long as the price of real GOLD is set by fraudulent paper future contracts , the forecast is a high pressure on prices with a 100 % chance of manipulation.

Or when the west is completely out of Gold (and Silver) to sell to large buyers like India , China & Russia, prices will go up 'till some are willing to sell.

I'm not saying futures contracts don't have a bearing on the price of physical gold, they absolutely do. But did you ever think for a moment that that manipulation is how the price of physical gold has gotten so high, or are you only able to see how one side of that relationship exists?

What do you mean "the price of physical gold has gotten so high" ??

With all the paper/digital money creation , Gold should be at least 3000 to 5000 USD/oz , and that is conservative.

At this time , no government wants high Gold prices , not the Chinese or Indians ( who still want to buy more at low prices ) nor the US or EU ( because it would really undermine their currencies ).

95 % of people don't know or understand ( or don't care ) what is going on in the in the financial world.

As long as they are kept in the dark , the trust in the value of their country's currency will keep things afloat.

Futures prices relationship to Gold is like the tail wagging the dog. Futures unquestionably drove Gold prices higher, faster and higher than the trading of physical Gold alone would have done. Over 600% in 10 years time. Even now up 300%+ in 13 years time.

Gold is not detached from the world of all other things of tangible value. It will not escalate as fast and as high as you think it will, without all other things of tangible value doing likewise.

You've been the beneficiary of a Futures induced windfall and perhaps you may be again in the future. Enjoy it for what it is and don't drink the Gold as religion Kool Aid.

Link to comment
Share on other sites

As long as the price of real GOLD is set by fraudulent paper future contracts , the forecast is a high pressure on prices with a 100 % chance of manipulation.

Or when the west is completely out of Gold (and Silver) to sell to large buyers like India , China & Russia, prices will go up 'till some are willing to sell.

I'm not saying futures contracts don't have a bearing on the price of physical gold, they absolutely do. But did you ever think for a moment that that manipulation is how the price of physical gold has gotten so high, or are you only able to see how one side of that relationship exists?

What do you mean "the price of physical gold has gotten so high" ??

With all the paper/digital money creation , Gold should be at least 3000 to 5000 USD/oz , and that is conservative.

At this time , no government wants high Gold prices , not the Chinese or Indians ( who still want to buy more at low prices ) nor the US or EU ( because it would really undermine their currencies ).

95 % of people don't know or understand ( or don't care ) what is going on in the in the financial world.

As long as they are kept in the dark , the trust in the value of their country's currency will keep things afloat.

Futures prices relationship to Gold is like the tail wagging the dog. Futures unquestionably drove Gold prices higher, faster and higher than the trading of physical Gold alone would have done. Over 600% in 10 years time. Even now up 300%+ in 13 years time.

Gold is not detached from the world of all other things of tangible value. It will not escalate as fast and as high as you think it will, without all other things of tangible value doing likewise.

You've been the beneficiary of a Futures induced windfall and perhaps you may be again in the future. Enjoy it for what it is and don't drink the Gold as religion Kool Aid.

ha ha absolutely hilarious comment

it's believing in the US dollar which is the religion Kool-Aid. This is what gold is supposedly competing against. A currency from a country which is more than $18 trillion in debt, where 41% of its citizens rely on some sort of government welfare to survive and where education standards have slipped to abysmal levels. but even worse has no strategy or plan (probably because it doesn't have the ability) to dig itself out of this hole . Other than starting wars USA has very few alternative means of generating money.

Edited by Asiantravel
Link to comment
Share on other sites

ha ha absolutely hilarious comment

it's believing in the US dollar which is the religion Kool-Aid. This is what gold is supposedly competing against. A currency from a country which is more than $18 trillion in debt, where 41% of its citizens rely on some sort of government welfare to survive and where education standards have slipped to abysmal levels. but even worse has no strategy or plan (probably because it doesn't have the ability) to dig itself out of this hole . Other than starting wars USA has very few alternative means of generating money.

One can never lose with gold because if its price goes down it is only due to manipulation. That makes it very unlike stocks, on which only the profits are due to manipulation. If it weren't for manipulation, the Shemitah, and the Jade Helm takeover of Texas, gold would already be trading at $5000 per ounce.

Link to comment
Share on other sites

-------------------------------

My question for "gold Bugs".

If everything does go to H-ll who are you going to sell your useless Gold to?

You can't eat Gold coins if you are hungery.....and even if you could you can't eat it because it has no calories?

Owning Gold is like owning condoms in a Nunnery......and as useless.

Edited by IMA_FARANG
Link to comment
Share on other sites

-------------------------------

My question for "gold Bugs".

If everything does go to H-ll who are you going to sell your useless Gold to?

You can't eat Gold coins if you are hungery.....and even if you could you can't eat it because it has no calories?

Owning Gold is like owning condoms in a Nunnery......and as useless.

yes but I believe the chances of finding someone somewhere that will continue to attribute at least some value to gold bullion will be much better than finding someone that will still believe in US dollar notes when people eventually realise the emperor has no clothinggiggle.gif

post-149848-0-60745400-1446873401_thumb.

Edited by Asiantravel
Link to comment
Share on other sites

-------------------------------

My question for "gold Bugs".

If everything does go to H-ll who are you going to sell your useless Gold to?

You can't eat Gold coins if you are hungery.....and even if you could you can't eat it because it has no calories?

Owning Gold is like owning condoms in a Nunnery......and as useless.

Point taken . Your paper money still can be used as toilet paper , or make a fire with , but that's about it.

And watch out for those nuns !! You might not have enough comdoms staying at a nunnery !

Gold ( and silver) can be traded for something to eat. No-one will take your worthless paper money.

And those little numbers on your computer screen , indicating how much (paper) money you have on your account....PooF ...gone.

You can destroy your wealth by throwing it in little pieces in to the sea. No-one will benefit from it.

You can't destroy paper money....somebody always will gain from it.

Link to comment
Share on other sites

-------------------------------

My question for "gold Bugs".

If everything does go to H-ll who are you going to sell your useless Gold to?

You can't eat Gold coins if you are hungery.....and even if you could you can't eat it because it has no calories?

Owning Gold is like owning condoms in a Nunnery......and as useless.

Point taken . Your paper money still can be used as toilet paper , or make a fire with , but that's about it.

And watch out for those nuns !! You might not have enough comdoms staying at a nunnery !

Gold ( and silver) can be traded for something to eat. No-one will take your worthless paper money.

And those little numbers on your computer screen , indicating how much (paper) money you have on your account....PooF ...gone.

You can destroy your wealth by throwing it in little pieces in to the sea. No-one will benefit from it.

You can't destroy paper money....somebody always will gain from it.

If you're concerned about having something to eat, why wouldn't you buy a couple of livestock and some seeds?

Link to comment
Share on other sites

Physical gold will always have a value. Gold is used as an essential in many industries such as electronics, dental and so on. It is also used as an adornment in jewellery, especially in many Asian cultures. Paper gold as in futures is just that. Paper. If you fail in your paper gamble, you are not expected to pay in physical gold, you will pay in paper cash. So the future doomsdayers are just plain wrong. Futures contracts are made on every commodity and some make money and some get burned. I worked for KCGM, Australias largest miner of gold. Their operating costs were somewhere between AU$800 - $900. Producing between 600,000 to 800,000 oz of gold every year makes them a small but healthy profit. And no one is not wanting to buy the product. But as an investment, I would be wary. But old gold and coins hold their value quite well so a collector may make a small stipend. In the event of a huge global meltdown such as WW11, those that had small mobile wealth such as holders of diamonds and gold were able to sell and survive. But no one should consider it an investment, especially now with fairly stable economies and low inflation.

Link to comment
Share on other sites

If you are Russian , Ukranian , Venezuelian, and many others than have seen their currency devaluate in the last year(s) , you would be so happy you bought Gold ( or silver) , even with the price slammed AGAIN yesterday with a bogus US jobreport.

Link to comment
Share on other sites

If you are Russian , Ukranian , Venezuelian, and many others than have seen their currency devaluate in the last year(s) , you would be so happy you bought Gold ( or silver) , even with the price slammed AGAIN yesterday with a bogus US jobreport.

But, according to the narrative, it was the US Dollar that was supposed to collapse, not other currencies. Russians who bought US Treasury bonds or US stocks also avoided the Ruble collapse. The real reason to buy gold is that when Jesus wrote the bible he warned against worshiping false profits, and any money that you might think that you've earned on anything else is just a fleeting illusion.

Link to comment
Share on other sites

-------------------------------

My question for "gold Bugs".

If everything does go to H-ll who are you going to sell your useless Gold to?

You can't eat Gold coins if you are hungery.....and even if you could you can't eat it because it has no calories?

Owning Gold is like owning condoms in a Nunnery......and as useless.

Point taken . Your paper money still can be used as toilet paper , or make a fire with , but that's about it.

And watch out for those nuns !! You might not have enough comdoms staying at a nunnery !

Gold ( and silver) can be traded for something to eat. No-one will take your worthless paper money.

And those little numbers on your computer screen , indicating how much (paper) money you have on your account....PooF ...gone.

You can destroy your wealth by throwing it in little pieces in to the sea. No-one will benefit from it.

You can't destroy paper money....somebody always will gain from it.

If you're concerned about having something to eat, why wouldn't you buy a couple of livestock and some seeds?

Oh gosh! surely you don’t need to learn about the history of money do you? rolleyes.gif

What you’re proposing ended 3000 years ago when they found out that perhaps should you then need to sell

the couple of livestock and some seeds- not everyone would need them or be prepared to offer a fair price.

.....................and don’t forget what the former chairman of the US Federal reserve said

"Gold Is Currency; No Fiat Currency, Including the Dollar, Can Match It"

Link to comment
Share on other sites

-------------------------------

My question for "gold Bugs".

If everything does go to H-ll who are you going to sell your useless Gold to?

You can't eat Gold coins if you are hungery.....and even if you could you can't eat it because it has no calories?

Owning Gold is like owning condoms in a Nunnery......and as useless.

Point taken . Your paper money still can be used as toilet paper , or make a fire with , but that's about it.

And watch out for those nuns !! You might not have enough comdoms staying at a nunnery !

Gold ( and silver) can be traded for something to eat. No-one will take your worthless paper money.

And those little numbers on your computer screen , indicating how much (paper) money you have on your account....PooF ...gone.

You can destroy your wealth by throwing it in little pieces in to the sea. No-one will benefit from it.

You can't destroy paper money....somebody always will gain from it.

If you're concerned about having something to eat, why wouldn't you buy a couple of livestock and some seeds?

For your eighth floor 1-bedroom apartment?

Maybe if your plan is to immediately slaughter the livestock and eat the seeds...

Not everybody lives on a farm... Unless things degenerate all the way to the point of barter-only (which is pretty far), gold & silver come into the picture as a commonly acceptable store of value and medium of exchange. No, you obviously can't eat them, but you sure as heck are gonna' have a much better chance of trading with them than with paper money.

Link to comment
Share on other sites

5 Tons of Registered Gold Left at COMEX, 40 Tonnes May Stand for Delivery: Its Gonna Be Chaos! giggle.gif

https://investmentwatchblog.com/5-tons-of-registered-gold-left-at-comex-40-tonnes-may-stand-for-delivery-its-gonna-be-chaos/

Lol. Before setting the century lock on the bunker door and breaking open the MREs, you might want to checkout the other headlines at this website. My personal favorite is the one about Civil War Being "Inevitable".

The mother of all tabloid bombast.

Link to comment
Share on other sites

If you are Russian , Ukranian , Venezuelian, and many others than have seen their currency devaluate in the last year(s) , you would be so happy you bought Gold ( or silver) , even with the price slammed AGAIN yesterday with a bogus US jobreport.

But, according to the narrative, it was the US Dollar that was supposed to collapse, not other currencies. Russians who bought US Treasury bonds or US stocks also avoided the Ruble collapse. The real reason to buy gold is that when Jesus wrote the bible he warned against worshiping false profits, and any money that you might think that you've earned on anything else is just a fleeting illusion.

i enjoy that "fleeting illusion" since 40 years and, in line with Jesus, i only appreciate real profits and hate the false ones tongue.png

Link to comment
Share on other sites

Dennis Gartman, author of the institutionally well followed ‘The Gartman Letter,’ has asked questions about gold’s peculiar price action last week and raised the question as to whether there was official central bank manipulation of gold prices.

Gartman’s assertion is significant as he is no so called ‘goldbug’. In fact he is the darling of Wall Street, Bloomberg, CNBC and is highly respected and followed by large hedge funds and financial institutions.

““As for the precious metals, the selling late Wednesday and all day yesterday was indeed severe, and even our positions in gold/euro and gold/yen have seen severe damage wrought upon them.

We find it hard to believe that the mere suggestion by the Federal Open Market Committee in its post-meeting communique on Friday that “liftoff” on the overnight Fed funds rate may take place at its December meeting can be responsible for this sort of egregious, serious, and now relentless selling, and we are almost of the mindset associated with the likes of the gold bugs and GATA that some malevolent “force” was behind the selling.

However, we are not going to travel down that road at the moment and sit tight with our positions, believing that the continued “experiments” with QE undertaken by the Bank of Japan and the European Central Bank shall work to the detriment of their currencies and to the support of gold. Nonetheless, the last 36 hours have been terribly dismaying …”

https://www.thegartmanletter.com/

anybody who sells a "letter" is obviously not capable to invest and make profits.

If you would like to receive an email with information regarding our subscription rates and types...

https://www.thegartmanletter.com/subscription.aspx

Link to comment
Share on other sites

The problem arose because as mentioned Gold does not generate and income, as in interest payments, and yet banks were required to own a certain amount of Gold to balance their books. So get get around this law banks they decided to lease there Gold for low interest payments. This allowed the banks to show on record they still owned this Gold, but was also earning some interest on it through their lease.

Dear Goldbuggy,

there's no such thing like banks being required to hold Gold although websites with an agenda and people like you are spreading this blatant lie since a few years.

Link to comment
Share on other sites

To some posters that no longer know some facts about gold and commodity trading. Firstly, banks are not required to hold gold as a security. Their security is in solid loans these days. Australia sold all of its federal gold holdings in the early 90's and has not stocked up on it since. Secondly, futures trading in any commodity does not require a physical transfer of the commodity. For instance if you future trade in beans, you are not required to truck tons of beans to your investment house if you lose your gamble. So all the talk of physical gold being moved around is just wrong. It is a myth and posts like Asiantravel have not grasped the basics of trading. If you lose your gamble in futures trading in any commodity, you pay in paper money, not physical commodities or you roll the whole futures deal to the next trading end date. QED

Link to comment
Share on other sites

I recommend not buying Thai 96.5% gold. My thoughts are, if For some reason you move out of Thailand and you want to sell your metal, you'll have a difficult time finding a buyer on the local "non Thai" market. Certainly a refiner will take it but that is a hassle.

You can buy .9999 gold in reasonable increments at Bangkok Assay in the Silom area.

Link to comment
Share on other sites

Dennis Gartman, author of the institutionally well followed ‘The Gartman Letter,’ has asked questions about gold’s peculiar price action last week and raised the question as to whether there was official central bank manipulation of gold prices.

Gartman’s assertion is significant as he is no so called ‘goldbug’. In fact he is the darling of Wall Street, Bloomberg, CNBC and is highly respected and followed by large hedge funds and financial institutions.

““As for the precious metals, the selling late Wednesday and all day yesterday was indeed severe, and even our positions in gold/euro and gold/yen have seen severe damage wrought upon them.

We find it hard to believe that the mere suggestion by the Federal Open Market Committee in its post-meeting communique on Friday that “liftoff” on the overnight Fed funds rate may take place at its December meeting can be responsible for this sort of egregious, serious, and now relentless selling, and we are almost of the mindset associated with the likes of the gold bugs and GATA that some malevolent “force” was behind the selling.

However, we are not going to travel down that road at the moment and sit tight with our positions, believing that the continued “experiments” with QE undertaken by the Bank of Japan and the European Central Bank shall work to the detriment of their currencies and to the support of gold. Nonetheless, the last 36 hours have been terribly dismaying …”

https://www.thegartmanletter.com/

anybody who sells a "letter" is obviously not capable to invest and make profits.

If you would like to receive an email with information regarding our subscription rates and types...

https://www.thegartmanletter.com/subscription.aspx

" anybody who sells a "letter" is obviously not capable to invest and make profits "

I don't think Seth Klarman the American billionaire who founded the Baupost Group would agree with you? He wrote books and newsletters and has a net worth of $1.4 billion. Are you worth that?

Link to comment
Share on other sites

Dennis Gartman, author of the institutionally well followed ‘The Gartman Letter,’ has asked questions about gold’s peculiar price action last week and raised the question as to whether there was official central bank manipulation of gold prices.

Gartman’s assertion is significant as he is no so called ‘goldbug’. In fact he is the darling of Wall Street, Bloomberg, CNBC and is highly respected and followed by large hedge funds and financial institutions.

““As for the precious metals, the selling late Wednesday and all day yesterday was indeed severe, and even our positions in gold/euro and gold/yen have seen severe damage wrought upon them.

We find it hard to believe that the mere suggestion by the Federal Open Market Committee in its post-meeting communique on Friday that “liftoff” on the overnight Fed funds rate may take place at its December meeting can be responsible for this sort of egregious, serious, and now relentless selling, and we are almost of the mindset associated with the likes of the gold bugs and GATA that some malevolent “force” was behind the selling.

However, we are not going to travel down that road at the moment and sit tight with our positions, believing that the continued “experiments” with QE undertaken by the Bank of Japan and the European Central Bank shall work to the detriment of their currencies and to the support of gold. Nonetheless, the last 36 hours have been terribly dismaying …”

https://www.thegartmanletter.com/

anybody who sells a "letter" is obviously not capable to invest and make profits.

If you would like to receive an email with information regarding our subscription rates and types...

https://www.thegartmanletter.com/subscription.aspx

" anybody who sells a "letter" is obviously not capable to invest and make profits "

I don't think Seth Klarman the American billionaire who founded the Baupost Group would agree with you? He wrote books and newsletters and has a net worth of $1.4 billion. Are you worth that?

i'm not worth that much perhaps the reason is that i don't bullshit people by selling letters with investment advice.

also i have no idea what Seth Klarman who wrote one book and never sold any "letters" has to do with Dennis Gartman who sells letters and the ridiculous claim that hedge funds and institutional investors follow his advice.

next! coffee1.gif

Link to comment
Share on other sites

If you are Russian , Ukranian , Venezuelian, and many others than have seen their currency devaluate in the last year(s) , you would be so happy you bought Gold ( or silver) , even with the price slammed AGAIN yesterday with a bogus US jobreport.

But, according to the narrative, it was the US Dollar that was supposed to collapse, not other currencies. Russians who bought US Treasury bonds or US stocks also avoided the Ruble collapse. The real reason to buy gold is that when Jesus wrote the bible he warned against worshiping false profits, and any money that you might think that you've earned on anything else is just a fleeting illusion.

i enjoy that "fleeting illusion" since 40 years and, in line with Jesus, i only appreciate real profits and hate the false ones tongue.png

That's a good example of history repeating itself. While the money lenders have been gloating about their profits, Obama has been building FEMA camps.

Link to comment
Share on other sites

If you are Russian , Ukranian , Venezuelian, and many others than have seen their currency devaluate in the last year(s) , you would be so happy you bought Gold ( or silver) , even with the price slammed AGAIN yesterday with a bogus US jobreport.

But, according to the narrative, it was the US Dollar that was supposed to collapse, not other currencies. Russians who bought US Treasury bonds or US stocks also avoided the Ruble collapse. The real reason to buy gold is that when Jesus wrote the bible he warned against worshiping false profits, and any money that you might think that you've earned on anything else is just a fleeting illusion.

i enjoy that "fleeting illusion" since 40 years and, in line with Jesus, i only appreciate real profits and hate the false ones tongue.png

That's a good example of history repeating itself. While the money lenders have been gloating about their profits, Obama has been building FEMA camps.

i haven't heard of any FEMA camps in the Pattaya area and the banks i am dealing with have given up years ago their futile attempts offering me loans.

besides... who or what is Obama? coffee1.gif

Link to comment
Share on other sites

Create an account or sign in to comment

You need to be a member in order to leave a comment

Create an account

Sign up for a new account in our community. It's easy!

Register a new account

Sign in

Already have an account? Sign in here.

Sign In Now
  • Recently Browsing   0 members

    • No registered users viewing this page.







×
×
  • Create New...