AuthorTopic: Gold & Silver News  (Read 396246 times)

Offline Golden Oxen

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Re: Gold & Silver News
« Reply #2505 on: January 13, 2019, 02:58:05 PM »
Quote
Ho fuckin' hum

You just don't get it Eddie, wish I could help.

Lord knows I've tried. Your problem is you don't know what gold is and you don't wish to understand it.

Your in a game with GO about smarts and finance which you simply cannot win.

Chill out, relax, and remember that GO is trying to help. I made my bones decades ago, and am in no contests, merely trying to yank heads out of ass holes.

Your inability to understand who I am, who you are, and your good fortune in meeting me will result in your financial misunderstandings becoming more pronounced if you continue to view me as your adversary rather than teacher.

I admire your spunk and ego, but your talking to GO Edward, not the cannon fodder. 

Quote
"So fuckin dumb"

 P.S. Kindly don't reply with your nasty jealous bullshit and then delete my replies Rambo, Thanks, GO

                                     

                 
                                     
                                               I'm Here To Help Eddie and You Need It.  ;D

                                       


Offline Golden Oxen

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Re: Gold & Silver News
« Reply #2506 on: January 14, 2019, 04:14:26 AM »
Dear readers, Do not underestimate the importance of this marriage announced this morning by two of the world's major gold miners, Newmont Mining and Goldcorp.

It is a sign of the rapidly diminishing reserves of gold left that can be mined economically, as well as the  decades of work preparation permits etc that are required to open a new mine.

Perhaps this chart will illustrate my point.     

                               

                     
                                                                                                          

                             

Offline Golden Oxen

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Re: Gold & Silver News - Gold Hits an All Time High in 72 Currencies
« Reply #2507 on: January 15, 2019, 01:14:41 PM »
 The four thousand year bull market continues.

  Remember fellow gold bugs, you can't eat it or spend it at Seven Eleven
  ;D

   


                             

Gold hits an all time high in 72 currencies


It is natural that we measure things by a familiar yardstick - the problem is that being so-biased or lazy, we can be deceived.

Take gold. Popular belief has it that gold prices have not performed especially well despite some egregious geopolitical and economic factors. Well measured in 72 currencies, gold is at ... or within a few percentage points ... of being at an all time high for people in those countries. Not on the list are the British Pound, the Swiss Franc, the Euro and Chinese Yuan - but we are not far off in all of those currencies too. Only in USD does gold lag - and not all of us live in the US.

Using the dollar gold price, as most of us do, has disguised what is actually quite a powerful bull market. If my memory serves me right, we saw the same phenomenon - a stealth rally in minor currencies - ahead of the last major gold bull run (in dollars) in the late 1990’s. Arguably this may be a very good leading indicator.

Faulty yardsticks also takes us onto wealth management. Measuring our net worth in local currencies, we might be rather pleased with ourselves - smug even. However we chose to ignore the fact that the yardstick is not a constant … it is shrinking and sometimes really quite fast. It’s the natural corrosive effect of inflation. Knowing this, governments give us a gauge for yardstick shrinkage to use such as RPI or CPI, to reassure you that the shrinkage is minimal… and then lie about it. 

There are alternatives.

In the US, the Chapwood Index is highly regarded as it reflects the true cost-of-living increase. Plainly and simply, the Index shows that incomes can’t keep up with expenses, and it explains why people increasingly have to turn to the government for entitlements to bail them out. The basis of the Index is fullly open to scrutiny and if correct suggests Americans have been losing roughly 10% of their wealth each year since 2014. Half of it gone. This compares with the official government figure of 1.9%. Ronald Reagan called inflation “the thief in the night” and it is built for times just as this. It gives the appearance of being wealthy (maintaining high nominal values) while eroding your actual position - which manifests itself in far higher costs on the other side.

Interestingly, gold has seen an average year-on-year gain of about 10% compounded since 2000 - off-setting those real losses - which reaffirms in our mind that it continues as a reliable yardstick against which to measure costs or indeed wealth. In short, gold has maintained what economists call “purchasing power parity” for millenia. So not only is it an excellent yardstick - its actually quite a useful thing to own - especially if you fear wealth erosion. If you haven’t already read this, you must - see :Jastram’s Golden Constant

Many crises invariably start with stealth inflation and then follows currency weakness - so gold gets expensive and then it blows out significantly higher in your local currency. Then you realise that the lifeboat has sailed … the choo-choo train has left the station.

For the unprotected, your backstop plan to protect your wealth by “buying gold when I need it” has just failed. You are now trapped with a dissolving currency and every financial escape route looks too expensive … and so it goes. Ask anyone in one of those 72 countries (see below) where gold is starting to look expensive.

In short, insurance is best bought before you think you need it … boring, but true.

__________________________________________________________________________________________________________________

Ross Norman

Sharps Pixley, London

https://www.zerohedge.com/news/2019-01-15/gold-hits-all-time-high-72-currencies?fbclid=IwAR0hzxDoJPDmE959rYIvpYE6gAx5IkQuBP315mWC03sahowSPIyevgGf-J8  :icon_study: :icon_study:

                                                   


Offline Eddie

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Re: Gold & Silver News
« Reply #2508 on: January 15, 2019, 01:21:19 PM »
Quote
Ho fuckin' hum

You just don't get it Eddie, wish I could help.

Lord knows I've tried. Your problem is you don't know what gold is and you don't wish to understand it.

Your in a game with GO about smarts and finance which you simply cannot win.

Chill out, relax, and remember that GO is trying to help. I made my bones decades ago, and am in no contests, merely trying to yank heads out of ass holes.

Your inability to understand who I am, who you are, and your good fortune in meeting me will result in your financial misunderstandings becoming more pronounced if you continue to view me as your adversary rather than teacher.

I admire your spunk and ego, but your talking to GO Edward, not the cannon fodder. 

Quote
"So fuckin dumb"

 P.S. Kindly don't reply with your nasty jealous bullshit and then delete my replies Rambo, Thanks, GO

                                     

                 
                                     
                                               I'm Here To Help Eddie and You Need It.  ;D

                                       

I've never deleted a single word of yours. I did once delete a pic of Stormy Daniels blowing some guy that you posted. If something else got deleted, it wasn't on my watch.
What makes the desert beautiful is that somewhere it hides a well.

Offline Eddie

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Re: Gold & Silver News - Gold Hits an All Time High in 72 Currencies
« Reply #2509 on: January 15, 2019, 01:26:53 PM »
The four thousand year bull market continues.

  Remember fellow gold bugs, you can't eat it or spend it at Seven Eleven
  ;D

   


                             

Gold hits an all time high in 72 currencies


It is natural that we measure things by a familiar yardstick - the problem is that being so-biased or lazy, we can be deceived.

Take gold. Popular belief has it that gold prices have not performed especially well despite some egregious geopolitical and economic factors. Well measured in 72 currencies, gold is at ... or within a few percentage points ... of being at an all time high for people in those countries. Not on the list are the British Pound, the Swiss Franc, the Euro and Chinese Yuan - but we are not far off in all of those currencies too. Only in USD does gold lag - and not all of us live in the US.

Using the dollar gold price, as most of us do, has disguised what is actually quite a powerful bull market. If my memory serves me right, we saw the same phenomenon - a stealth rally in minor currencies - ahead of the last major gold bull run (in dollars) in the late 1990’s. Arguably this may be a very good leading indicator.

Faulty yardsticks also takes us onto wealth management. Measuring our net worth in local currencies, we might be rather pleased with ourselves - smug even. However we chose to ignore the fact that the yardstick is not a constant … it is shrinking and sometimes really quite fast. It’s the natural corrosive effect of inflation. Knowing this, governments give us a gauge for yardstick shrinkage to use such as RPI or CPI, to reassure you that the shrinkage is minimal… and then lie about it. 

There are alternatives.

In the US, the Chapwood Index is highly regarded as it reflects the true cost-of-living increase. Plainly and simply, the Index shows that incomes can’t keep up with expenses, and it explains why people increasingly have to turn to the government for entitlements to bail them out. The basis of the Index is fullly open to scrutiny and if correct suggests Americans have been losing roughly 10% of their wealth each year since 2014. Half of it gone. This compares with the official government figure of 1.9%. Ronald Reagan called inflation “the thief in the night” and it is built for times just as this. It gives the appearance of being wealthy (maintaining high nominal values) while eroding your actual position - which manifests itself in far higher costs on the other side.

Interestingly, gold has seen an average year-on-year gain of about 10% compounded since 2000 - off-setting those real losses - which reaffirms in our mind that it continues as a reliable yardstick against which to measure costs or indeed wealth. In short, gold has maintained what economists call “purchasing power parity” for millenia. So not only is it an excellent yardstick - its actually quite a useful thing to own - especially if you fear wealth erosion. If you haven’t already read this, you must - see :Jastram’s Golden Constant

Many crises invariably start with stealth inflation and then follows currency weakness - so gold gets expensive and then it blows out significantly higher in your local currency. Then you realise that the lifeboat has sailed … the choo-choo train has left the station.

For the unprotected, your backstop plan to protect your wealth by “buying gold when I need it” has just failed. You are now trapped with a dissolving currency and every financial escape route looks too expensive … and so it goes. Ask anyone in one of those 72 countries (see below) where gold is starting to look expensive.

In short, insurance is best bought before you think you need it … boring, but true.

__________________________________________________________________________________________________________________

Ross Norman

Sharps Pixley, London

https://www.zerohedge.com/news/2019-01-15/gold-hits-all-time-high-72-currencies?fbclid=IwAR0hzxDoJPDmE959rYIvpYE6gAx5IkQuBP315mWC03sahowSPIyevgGf-J8  :icon_study: :icon_study:

                                                   



Looks to me like it's just now approaching the same resistance it's been trying to break through for the last four years. What currency?

The Zimabwean Z$ ?

The Venezuelan Petro?
What makes the desert beautiful is that somewhere it hides a well.

Offline Golden Oxen

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Re: Gold & Silver News - Sam Zell Buying Gold
« Reply #2510 on: January 17, 2019, 01:52:59 PM »
Well well fellow gold bugs.

Our community picks up a new member.  An old famous virgin far as golden ventures goes.
  ;D ;D

Brief video included in article.           



Billionaire Investor Sam Zell Says He's Buying Gold "For The First Time In My Life"
Phoenix Capital Research's blog

                           


Amid a cresting wave of consolidation in the gold mining space as spending on new mines has dried up since 2011, billionaire investor Sam Zell is buying the shiny metal "for the first time in his life" because he sees opportunities stemming from an expected shortage in supply.

Gold notably didn't perform as well as many might have expected during the eruption of market volatility during Q4, but some investors see scope for the shiny metal to embark on its strongest rally since the crisis after years of lackluster returns as global economic growth slows and investors look for somewhere to hide.

That, and the impending supply crunch that Zell envisions from the drop in new mining capacity - the capacity of unmined gold still buried in existing mines shrank by 40% in 2017 - are the two reasons why Zell has been buying.

    “For the first time in my life, I bought gold because it is a good hedge,” Sam Zell, the founder of Equity Group Investments, said in a Bloomberg TV interview. “Supply is shrinking and that is going to have a positive impact on the price.”

    "The amount of capital being put into new gold mines is a most nonexistent," Zell said. "All of the money is being used to buy up rivals."

And though official rate of inflation has started to decelerate once again in recent months, signs that the actual rate of inflation in the underlying economy is higher than it might appear could also be a positive for the shiny metal.

https://www.zerohedge.com/news/2019-01-17/billionaire-investor-sam-zell-says-hes-buying-gold-first-time-my-life   :icon_study: :icon_study:


                                                         



                           

 

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