Posted on 12/09/2014 9:35:03 AM PST by blam
December 09, 2014
Jeff Clark
A glance at any gold price chart reveals the severity of the bear mauling it has endured over the last three years.
More alarming, even for die-hard gold investors, is that some of the fundamental drivers that would normally push gold higher, like a weak US dollar, have reversed.
Throw in a correction-defying Wall Street stock market and the never-ending rain of disdain for gold from the mainstream and it may seem that there’s no reason to buy gold; the bear is here to stay.
If so, then I have a question. Actually, a whole bunch of questions.
If we’re in a bear market, then…
Why Is China Accumulating Record Amounts of Gold?
Mainstream reports will tell you Chinese imports through Hong Kong are down. They are.
But total gold imports are up. Most journalists continue to overlook the fact that China imports gold directly into Beijing and Shanghai now. And there are at least 12 importing banks—that we know of.
(snip)
(Excerpt) Read more at marketoracle.co.uk ...
Beat me to it!
I don’t want to talk about it.
LOL
” I don’t want to talk about it.”
Perhaps it’s time we DID......
: )
Why is this????
8. Why is Glenn Beck still standing by Goldline?
I put all these guys hawking gold on TV in the same category as our revered celebrities (in their 70s and 80s) convincing you to “Reverse Mortgage” your house.
Greed. Misleading promotion, wild claims and fear mongering old people.
They ought to be lined up against a wall.
I don’t want to talk about not wanting to talk about it.
:^)
M-o-n-e-y
” Why is Glenn Beck still standing by Goldline?”
DOUGH!
8) What on earth do we have to do to beat Stanford?
The world is stacking gold and we are printing numbers on linen. Do you think we’re screwed? I do.
I know some folks who have been buying mining stocks cheap, lately. They also seem to sleep very well at night.
The repatriation efforts and the move towards de-dollarization by sovereigns (BRICS etc) means that the dollar is being replaced as the reserve currency right now. What will emerge to replace the dollar is difficult to say, but I think it’s safe to say that PMs will displace dollars as a one option as a medium of exchange. As the dollar is dethroned, it will have to be devalued and there’s where we could see some nasty inflation from more expensive imports.
The COMEX cannot continue to dictate the PM price; all they’re doing is trading toilet paper.
Goldbug ping.
The repatriation efforts and the move towards de-dollarization by sovereigns (BRICS etc) means that the dollar is being replaced as the reserve currency right now.< snip > As the dollar is dethroned, it will have to be devalued and there’s where we could see some nasty inflation from more expensive imports.
Reminds me of arrogant Titanic passengers whom, despite the massive ship's slight list, still believed this magnificent, elegant creation at the hands of men was absolutely unsinkable. Early on, passengers boarding lifeboats were the subject of mockery. Nearly empty lifeboats were cast off well below the seating capacity.
Cheers,
OLA
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.