Posted on 05/22/2013 12:41:32 PM PDT by Kaslin
If it were 600,000 pounds of real gold that would be "amazing" and "incredible."
But 600,000 pounds of virtual gold isn't any more noteworthy than the $85 Billion per month virtual money Bernanke creates out of thin air.
But 600,000 pounds of virtual gold isn’t any more noteworthy than the $85 Billion per month virtual money Bernanke creates out of thin air.
.................
therefor something else is at work.
” But 600,000 pounds of virtual gold isn’t any more noteworthy than the $85 Billion per month virtual money Bernanke creates out of thin air. “
Good point.
Here’s my gold. I’ll take infinitely expandable digital paper. Sounds like a deal.
Only ones “losing” are the Johnny come-latelys who bought at the top.
Everyone else has seen 1,2,3,500 % profits
nice work, Glen Beck
Maybe they will get it to them in less than 7 years now.
Will we see $15.00 dollar an ounce silver in the next six months?
Man, I hope so. I need more.
A lot of people who sold GLD positions were doing it to buy real Gold.
The ABN AMRO default warned them to get the hell out of paper.
Physical still commands a pretty good premium over spot.
I agree about the buying opportunity.
The smart saver puts some savings in on a regular basis, and doesn’t mind if the price goes up or down.
Meanwhile the purchasing power of the dollar continues to fall
US Consumer Price Index: Purchasing Power Of the Consumer Dollar data by YCharts
600 tons of gold is small stuff in that world.
I happen to have gotten confirmation on Tuesday via a source I know first-hand has a 100% track record in all aspects of economics going back well before the bursting of the housing bubble that gold and silver saw generational lows on Sunday night.
Man, I hope so. I need more.
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I’ll second that ,,, I’m hoping Bernanke keeps pumping while Europe burns ... AND that I have enough foresight to jump in before it explodes to the upside.
FWIW-
Read what Egon von Greyerz told Eric King on King World News about physical gold. There is a huge disconnect between physical and ETFs.
Oh he and his staff been posting here on FR for years. They assured me many times with great profanity, logical fallacies, and pointless personal attacks that gold was overpriced at $600, $700, $1000, and $1200; that there was no housing bubble because a wide variety of fundamentals had changed forever; that worries about Federal Reserve efforts in 2008 being predictive of problems in the U.S. stock market and economy were misplaced; that the big U.S. banks were solvent; that BLS statistics on inflation and unemployment proved the robustness of the U.S. economy, and that we have nothing to fear from China’s business / government partnership. Those are just a few of the bookmarked threads I know I’ve saved somewhere that come to mind immediately.
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