Koffiekamer Terug naar discussie overzicht

In gold we trust

1. [verwijderd] 11 maart 2010 18:13

   auteur info

   • [verwijderd]

     Lid sinds: 01 jan 0001

     Laatste bezoek: 01 jan 0001

   • Aanbevelingen

     Ontvangen: 0

     Gegeven: 0

   •    Aantal posts: 0

   
   Howdy,
   
   ..........Gartman: Here's Why Europe Is About To Dump Lots Of Gold Onto The Market
   PrintVince Veneziani | Mar. 11, 2010, 10:39 AM | 1,379 | 10
   Tags: Dennis Gartman, Analyst Research, Gold, Europe, China
   
   This morning's Gartman Letter is all about gold.
   
   Mr. Gartman predicts that we'll soon see a "rather severe" sell off of gold from legacy central banks of Europe to fund the oft-rumored European Monetary Fund or EMF.
   
   And it doesn't stop there. China has no intention of buying gold on the open market. He quotes an anonymous official, saying:
   
   "It is not feasible for China to buy IMF gold as any purchase or even intent to do so would trigger market speculation and volatility."
   
   China must, under any circumstance, suggest it is interested in buying gold. It would no doubt trigger a huge swing in the commodities market. Gartman suggests that in the future, China will boost its reserves to level up to other central bank averages.
   
   www.businessinsider.com/gartman-get-r...
   
   >--:-)-->
2. [verwijderd] 11 maart 2010 18:58

   auteur info

   • [verwijderd]

     Lid sinds: 01 jan 0001

     Laatste bezoek: 01 jan 0001

   • Aanbevelingen

     Ontvangen: 0

     Gegeven: 0

   •    Aantal posts: 0

   Dus wat is je conclusie pijltjesman?
   
   Groet.
3. [verwijderd] 11 maart 2010 19:15

   auteur info

   • [verwijderd]

     Lid sinds: 01 jan 0001

     Laatste bezoek: 01 jan 0001

   • Aanbevelingen

     Ontvangen: 0

     Gegeven: 0

   •    Aantal posts: 0

   quote:

   Hirsch schreef:

   Dus wat is je conclusie pijltjesman?
   
   Groet.
   

   it will fluctuate
4. ramptoerist 11 maart 2010 19:15

   auteur info

   • ramptoerist

     Lid sinds: 15 jul 2009

     Laatste bezoek: 28 apr 2024

   • Aanbevelingen

     Ontvangen: 2734

     Gegeven: 2542

   •    Aantal posts: 28.590

   Grappig, want gister viel me toch al op dat er langzaam doch steady beetje bij beetje naar buiten ging. Elke keer een puntje of 3 a 4 naarbenee.
   Dus toch.
5. [verwijderd] 17 maart 2010 09:52

   auteur info

   • [verwijderd]

     Lid sinds: 01 jan 0001

     Laatste bezoek: 01 jan 0001

   • Aanbevelingen

     Ontvangen: 0

     Gegeven: 0

   •    Aantal posts: 0

   Is There Gold in Fort Knox?
   by Constance Gustke
   
   Buried inside a 109,000-acre U.S. Army post in Kentucky sits one of the Federal Reserve’s most secure assets and its only gold depository: the 73-year-old Fort Knox vault. Its glittering gold bricks, totaling 147.3 million ounces (that’s about $168 billion at current prices), are stacked inside massive granite walls topped with a bombproof roof. Or are they?
   
   It’s hard to know for sure. Few people have been inside Fort Knox, a highly classified bunker ringed by fences and multiple alarms and guarded by Apache helicopter gunships. When the U.S. finished building Fort Knox in 1937, the gold was shipped in on a special nine-car train manned by machine gunners and loaded onto Army trucks protected by a U.S. Calvary brigade. And the fort has been pretty much off limits since then. A U.S. Mint spokesman said in an email statement to MoneyWatch that the accounting firm KPMG, which audits the Mint, “has been present in the vault at Fort Knox.” The Mint won’t comment on exactly how much gold is in there, though.
   
   That’s why Ron Paul (R-Texas), a 2008 presidential candidate known for his libertarian streak, wants to have a look around. Paul introduced a bill to audit the Federal Reserve, which includes Fort Knox’s gold. “My attitude is, let’s just find out what’s there,” he says.
   
   Despite conspiracy theories to the contrary, no serious Fed watcher thinks Fort Knox is wholly goldless — not even Paul. The push by Paul and a conspiracy-theorist group known as Gold Anti-Trust Action Committee (GATA) to open Fort Knox’s 22-ton door is more about their loathing of the Federal Reserve and its purported growing powers. “The gold market is being manipulated by the Fed,” says GATA spokesman Chris Powell. “It’s involved in gold swap agreements with foreign banks. Gold is a major determinant of interest rates.”
   
   How Important Is Fort Knox?
   
   The bad news for Goldfinger buffs, say gold analysts, is that Fort Knox doesn’t really matter much anymore.
   
   Fort Knox began losing its luster when the United States went off the gold standard in 1971. Before that, gold bars packed into a secure vault gave people faith in the country’s currency. Today, however, Fort Knox’s gold is now an asset on the Federal Reserve’s balance sheet, not a key part of our monetary system.
   
   Though Fort Knox’s security overkill may seem a quaint relic of bygone days — like the Beefeaters guarding Buckingham Palace — the gold there and at U.S. Mint facilities adds up to one of the world’s largest bullion holdings. Still, it’s a tiny part of the nation’s total assets. In a $13.8 trillion GDP economy, 147.3 million troy ounces of gold barely registers.
   
   “It may lend some confidence to investors that we have large gold reserves,” says Mark Zandi, chief economist at Moody’s Economy.com. “But it’s more symbolic than substantive.”
   
   The Fed’s gold is valued at a tremendously low figure — just $42.22 an ounce. The rock-bottom figure was set in 1973, two years after we left the gold standard, primarily to avoid wild accounting swings. “What would happen if the price of gold drops dramatically?” asks Dimitri Papadimitriou, president of the Levy Economics Institute at Bard College. “The Fed balance sheet would be dramatically lower.”
   
   Time for Fort Knox to Sell?
   
   The Fed won’t be unloading large stashes from Fort Knox anytime soon. Doing so would flood the market and send the price of gold spiraling downward. “A small, vocal group of gold bugs would be against it,” says John Irons, research and policy director at the Economic Policy Institute, a liberal think tank. “The Fed wouldn’t want to stir things up.”
   
   But Irons and some other economists would like to see the U.S.’s gold reserves thinned out. “The Fed could sell a lot of the gold,” says Irons. “It’s better used in jewelry or in electronics. It can be useful to the private economy rather than buried in a vault.” The sale could make a small dent in the $12.1 trillion national debt and, with the price of gold near its all-time high, this is a particularly good time to sell.
   
   The reason Fort Knox will remain a mighty fortress, however, may come down to something Alan Greenspan once told Paul. When Paul asked the former Fed Chairman why the Fed hangs onto its hefty gold reserves, “Greenspan said ‘just in case we need it,’” says Paul. “You hold onto it because it’s the ultimate in money.”
   
   _________________
   If you don't trust GOLD,the only asset with a 6000 year track record, do you trust the logic of taking a $1,000 pine tree, cutting it up, turning it to pulp, putting some ink on it, and then calling it one billion $ dollars?
   
   
6. [verwijderd] 22 maart 2010 12:06

   auteur info

   • [verwijderd]

     Lid sinds: 01 jan 0001

     Laatste bezoek: 01 jan 0001

   • Aanbevelingen

     Ontvangen: 0

     Gegeven: 0

   •    Aantal posts: 0

   GOLD PRICE FORECAST
   Five reasons Jeff Nichols thinks gold is a steal
   Despite reports to the contrary, Jeff Nichols maintains a bullish view of gold and believes it will again hit its record high of $1,227 by mid-year and, $1,500 by year-end
   Author: Geoff Candy
   Posted: Friday , 19 Mar 2010
   GRONINGEN -
   Gold is still on track to return to its record high of $1,227 by the middle of this year and will head toward $1,500 by the end of 2010.
   This is the view of Jeffrey Nichols, Senior Economic Advisor to Rosland Capital and Managing Director of American Precious Metals Advisors. In a recent report, Nichols states that while this view remains intact he does expect "continued volatility with big swings in both directions around an upward trend this year and beyond"
   Part of the reason for this belief he says is that "we think the best of the economic news is now behind us, certainly with regard to U.S. inflation rates, consumer spending, and industrial production, is now behind us - and that indicators in March, April, and May will begin painting a gloomier picture of the economy. But, the five main reasons for likelihood that gold will continue its upward trend are:
   Inflationary U.S. monetary and fiscal policies
   According to Nichols, "the single-most important factor promising higher U.S. dollar-denominated gold prices are inflationary U.S. monetary and fiscal policies". These he says will be characterized by an unprecedented provision of liquidity into the financial system, an extended period of super-low interest rates, huge Federal budget deficits and accumulated debt in both absolute terms and as a percentage of GDP, and "a dysfunctional government that remains incapable of dealing effectively with these immense issues".
   An inherently unstable European currency
   Nichols says divergent fiscal policies across the continent threaten the future of the euro and the European Union as it now exists.
   "Gold's recent rally to record highs in euro and sterling is a sign of the metal's broadening appeal to European investors in the face of European sovereign debt fears.Some investors selling the euro have chosen gold - in addition to or in place of - the greenback as an alternative," he says.
   Expanding investor interest in gold
   Nichols says that more people and institutions globally are looking ever more closely at gold as an investment option. And, the variety of new investment channels, such as ETFs make this process significantly easier than in previous eras.
   Rising central bank and sovereign accumulation
   As a fourth reason, Nichols points to the shift in attitude of central banks towards gold, which is now become a significant net buyer of gold after "two decades in which central banks as a group sold on average some 400 tons a year".
   Declining world gold-mine production
   "Even in the face of sharply rising prices," Nichols says, "global gold-mine will continue falling for at least another few years as existing mines are depleted, ore grades drop, operating depths fall, and the costs of developing new mines rise.
   For the full analysis go to nicholsongold.com/
   
   _________________
   If you don't trust GOLD,the only asset with a 6000 year track record, do you trust the logic of taking a $1,000 pine tree, cutting it up, turning it to pulp, putting some ink on it, and then calling it one billion $ dollars?
   
   
7. [verwijderd] 30 maart 2010 08:57

   auteur info

   • [verwijderd]

     Lid sinds: 01 jan 0001

     Laatste bezoek: 01 jan 0001

   • Aanbevelingen

     Ontvangen: 0

     Gegeven: 0

   •    Aantal posts: 0

   March 25, 2010
   In gold we trust
   By Alexandra A. Seno
   From Friday's Globe and Mail
   Most of the world's gold is still used for jewellery, and one country buys more bling than any other
   
   In the cool weather of the first few months of the year, India's wedding season swings into high gear. Indian brides and grooms of means like to stage lavish celebrations, and on display at those nuptials is another grand Indian love affair: gold, for which the country has had a long-standing affection. India is the world's biggest consumer of the commodity, and much of it goes into women's jewellery.
   
   Gold has been a global star asset over the past five years, and with so many investors, analysts and mining executives attempting to predict what will happen next to its price, it's never been more crucial to understand the sources of demand for it. This makes the banquet halls of India hard to ignore. Yes, the influence financial speculators and central banks have on the price of gold is intriguing, and often dramatic in the short term, but straightforward consumer demand is still the largest factor.
   
   According to the World Gold Council, which represents 27 major gold producers, 68% of the worldwide demand for bullion over the five years from 2004 to the end of 2008 was for use in jewellery, compared with just 19% for investment purposes and 14% for industrial uses. On a geographic basis, the council says that East Asia, the Indian subcontinent and the Middle East accounted for 70% of global demand in 2008.
   
   In India and that other gargantuan gold-loving country, China, the traditional affinity for keeping a large portion of family wealth in the metal remains as strong as ever. As people's personal incomes increase in those two countries and in other developing nations, the middle classes will save more, thereby boosting demand for gold and sustaining its price. India's annual economic growth rate has averaged 8.6% over the past five years. Although the pace has slowed recently, it will likely return to that level by 2012.
   
   The National Spot Exchange, a major commodities exchange based in Mumbai, estimates that Indians already have close to 25,000 tonnes of bullion, coins and jewellery stashed away in private vaults. That's a large proportion of the Gold Council's estimate of the entire holdings of gold worldwide: 163,000 tonnes.
   
   India's belief in the security of gold as an asset extends to its public coffers. Last October, the Reserve Bank of India made the largest single purchase of bullion by a central bank in the past three decades: It spent $6.7 billion (U.S.) to buy 200 tonnes from the International Monetary Fund.
   
   That faith in gold is quaintly retro in some respects. When the IMF was formally established in 1945, a quarter of the reserves provided by the founding countries consisted of bullion. In 1971, however, the United States severed its dollars-for-bullion relationship. Today, no major country's currency is tied to gold, and it no longer makes sense for any institution to have a high proportion of its investment portfolio tied up in the metal itself. And, in addition to complex financial considerations and price volatility, bullion is physically cumbersome. Last September, the IMF said it would sell off about an eighth of its total holdings of 3,005.3 tonnes. India, with 557.7 tonnes, ranks eleventh in terms of central bank gold holdings. The U.S is in first place with 8,133.5 tonnes, and Canada is number 78, with just 3.4 tonnes.
   
   The appetite for gold in India and China may also provide opportunities for Canada, home to several major gold producers and a great deal of mining finance expertise, if only Canadians can persuade more investors in the East to look beyond the metal itself. ScotiaMocatta, the precious metals trading arm of the Bank of Nova Scotia, currently offers hedging instruments to companies in India and is an approved custodian for gold exchange-traded funds, although it has yet to introduce any gold ETFs of its own.
   
   As India's economic growth has slowed recently, however, some Indians have begun recycling their gold, which has acted as a drag on the price. We're all familiar with the merchants in Canada and the U.S. who will pay cash for anything gold-even teeth. The business of buying up old jewellery and broken fillings and melting them down is thriving in India, too. As well, savvy Indian women are also having goldsmiths refashion old pieces. In total, the country's new gold purchases declined by 33% in 2009.
   
   In January, however, the World Gold Council, which is concerned about "scrapping" (as the practice is known), said that India's appetite for imports of fresh bullion appeared to be recovering. In a country where demand for gold is spurred largely by tradition and emotions, one of the strongest motives is the desire to present an image of wealth and sophistication. Ultimately, that will be good for gold producers and investors alike.
   
   More on gold:
   All about gold [http://www.theglobeandmail.com/globe-investor/all-about-gold/article1356553]
   Investor's guide to gold [http://www.theglobeandmail.com/news/article1351813.ece]
   'Go for the gold' may mean going for a loss [http://www.theglobeandmail.com/globe-investor/investment-ideas/features/experts-podium/go-for-the-gold-may-mean-going-for-a-loss/article1383592]
   John Ing's three gold picks [http://www.theglobeandmail.com/globe-investor/e-zines/globe-investor-magazine/john-ings-three-gold-picks/article1377327]
   This time, the gold bugs might be right [http://www.theglobeandmail.com/globe-investor/investment-ideas/this-time-the-gold-bugs-might-be-right/article1378009]
   
   _________________
   If you don't trust GOLD,the only asset with a 6000 year track record, do you trust the logic of taking a $1,000 pine tree, cutting it up, turning it to pulp, putting some ink on it, and then calling it one billion $ dollars?
   
   
8. [verwijderd] 1 april 2010 18:38

   auteur info

   • [verwijderd]

     Lid sinds: 01 jan 0001

     Laatste bezoek: 01 jan 0001

   • Aanbevelingen

     Ontvangen: 0

     Gegeven: 0

   •    Aantal posts: 0

   
   Nathan LewisFund manager, author of Gold: the Once and Future Money (2007)
   Posted: March 31, 2010 10:13 AM
   It's Ponzimonium in the Gold Market
   We've had a string of amazing revelations recently regarding the world's precious metals market. This is important stuff for anyone (like me) who holds gold as a means to avoid currency turmoil and counterparty risk
   This news has been actively suppressed in the mainstream media.
   The Commodity Futures Trading Commission, a U.S. government regulatory agency, held hearings in Washington D.C. in late March regarding position limits in the futures market.
   People involved in the markets have known/suspected for years that they have been manipulated by certain large entities, notably JP Morgan and Goldman Sachs.
   Analysts like silver maven, Ted Butler, hedge fund giant, Eric Sprott, and the Gold Anti-Trust Action Committee (GATA) have been collecting evidence of this manipulation for years.
   These hearings were supposed to be a non-event. However, despite the media lock-down, the word is getting out.
   The CFTC, like the SEC, is a conflicted agency. Some people, notably Chairman Gary Gensler and Commissioner Bart Chilton, seem to want to clean up the sleaze, fraud and corruption.
   The CFTC even invited GATA's Bill Murphy and Adrian Douglas to make statements. Would you be surprised to learn that the cameras had a "technical malfunction" during Bill Murphy's statement, which magically righted itself immediately after he finished?
   After the hearing, according to Douglas, Murphy was contacted by several major media outlets for more interviews. Within 24 hours, all the interviews were canceled. All of them.
   You can follow the links above to see the research that Butler, Sprott and GATA have done over the years. That was only one part of the emerging story.
   The second part is the appearance of London metals trader and now whistleblower Andrew Maguire, who understands JP Morgan's manipulation scheme inside and out.
   Maguire understands the process so well that he was able to describe it to the CFTC's Bart Chilton on the phone in real time. As in: "in a few minutes, they are going to do this, and then they will do that."
   Listen to an extended interview with Maguire and GATA's Adrian Douglas on King World News here.
   Maguire has taken some personal risks to tell all this in public. In fact, almost immediately after his initial statements, he was run over by a car while walking down the street. The driver sped away, nearly running over some other pedestrians in his haste to escape. Fortunately, Maguire survived the hit-and-run "accident" with minor injuries. What a coincidence.
   The third item was during the question-and-answer session at the CFTC hearings. GATA's Adrian Douglas.
   For many years, people assumed that the London Bullion Market Association (LBMA), the world's largest gold market, was a simple bullion market. Cash for gold. However, just in the past few months, more people are realizing that there is actually very little gold within the LBMA system.
   Even long-time gold specialists like Maguire have been amazed to learn that there is no gold corresponding to the vast "gold deposits" at the major LBMA banks.
   During the CFTC hearings, Jeffrey Christian of CPM Group apparently informed us that the LBMA banks actually have about a hundred times more gold deposits than actual gold bullion.
   (GATA on CFTC hearing revelations, including video clips.
   ZeroHedge on the LBMA "paper gold ponzi")
   This means that there are thousands of clients -- Asian and Middle Eastern governments and sovereign wealth funds among them -- who think they own hundreds of billions and perhaps trillions of dollars of gold bullion, and are being charged storage fees on that fantasy bullion, but they really own unsecured gold loans to the banks at a negative interest rate.
   There is nothing new about this. Morgan Stanley paid several million dollars in 2007 to settle claims that it had charged 22,000 clients for storage fees on silver bullion that didn't exist.
   Imagine now that you are one of these people who think they own billions of dollars of gold in an LBMA bank depository. Now you find out that this gold doesn't really exist.
   You would ask for delivery of your gold immediately. It would be a "run on the bank."
   What about things like ETFs linked to gold? Most of them also claim, as assets, these "deposits" at the LBMA banks.
   The entire gold market is complete "ponzimonium," a word popularized by the CFTC's Bart Chilton.
   This does not even take into account the tungsten gold bar counterfeit issue, which has emerged over the past year or so.
   Imagine that you are an LBMA gold bank -- like JP Morgan, Goldman Sachs or HSBC. Your clients start asking for their gold, which you have been telling them is safely stored in your super-safe depository, but the gold doesn't actually exist. It's not so easy to buy it either, because none of the other LBMA members actually have any gold. Can you see the incentive to deliver a phony tungsten counterfeit instead? You might even ask your buddies in the U.S. government whether there is any gold left in Fort Knox that they could use -- this being an issue of National Security and all.
   Four 400 oz. LBMA standard bars were discovered to be tungsten counterfeits in Hong Kong. This set off a wave of investigations, turning up more such phony bars worldwide.
   These were very high quality counterfeits. According to some investigators, it appears that the original source and creator of these counterfeits was the U.S. government itself. Some people put the possible number of counterfeit bars out there in the hundreds of thousands!
   Let's say you are an Asian or Middle Eastern sovereign wealth fund taking delivery on a few billion dollars' worth of gold bullion. You find out that you were given a bunch of phony tungsten by an LBMA bank, whose original source was the U.S. government itself.
   Heck, I'd be pissed. I might even want to do something about it.
   (Saturday Night Live approximates the Chinese reaction to U.S. government scams and lies.)
   There is an easy way to sidestep all the scams, frauds, and phony nonsense. Take delivery on your bullion, whether a 1 oz. Kruggerand or a truckload of 400 oz. institutional bars. Put it in an independent, insured depository that is not affiliated with any bank. Assay all the holdings for tungsten counterfeits. Then audit it periodically, for exact serial numbers and specified weights.
   When will the music stop on this merry-go-round of lies and corruption? Who knows. But you can take your seat now, while they are still easy to come by. I suspect those who do not act in advance will eventually find that they are victims of the Ponzimonium.
   What if you don't have any gold, and have no interest in owning any? This could affect you too.
   Ultimately, a lot of these "gold suppression" schemes amount to dollar-support schemes. Many of the same games were played in the late 1960s, the days of the London Gold Pool.
   The London Gold Pool was an agreement among world central banks to stabilize the gold market at $35/oz. This was really an attempt to stabilize the dollar, which tended to decline in value due to the Keynesian "easy money" policies popular in those days (and today as well).
   These Keynesian "easy money" policies have consequences. You can't "easy money" your way to prosperity. Prosperity is built on "hard money" -- money that is unchanging in value.
   The London Go
9. [verwijderd] 1 april 2010 18:40

   auteur info

   • [verwijderd]

     Lid sinds: 01 jan 0001

     Laatste bezoek: 01 jan 0001

   • Aanbevelingen

     Ontvangen: 0

     Gegeven: 0

   •    Aantal posts: 0

   
   These Keynesian "easy money" policies have consequences. You can't "easy money" your way to prosperity. Prosperity is built on "hard money" -- money that is unchanging in value.
   The London Gold Pool eventually blew up, of course, and the dollar fell to about 1/24th of its original value, hitting $850/oz. in 1980. This dollar decline produced a horrible decade of inflation, during the 1970s. We spent most of the 1980s and 1990s just recovering from that disaster.
   
   Click below for a graph of U.S. Treasury interest rates from 1955 to 2005
   
   View image
   
   Thus, when the "New London Gold Pool" blows up, we might find that the dollar decline that has been going on since 2001 could accelerate dramatically.
   You would be surprised how little most big hedge funds know about gold. But they do know the scent of blood in the water. And they learn quick.
   
   _________________
   If you don't trust GOLD,the only asset with a 6000 year track record, do you trust the logic of taking a $1,000 pine tree, cutting it up, turning it to pulp, putting some ink on it, and then calling it one billion $ dollars?
10. [verwijderd] 11 april 2010 15:18

    auteur info

    • [verwijderd]

      Lid sinds: 01 jan 0001

      Laatste bezoek: 01 jan 0001

    • Aanbevelingen

      Ontvangen: 0

      Gegeven: 0

    •    Aantal posts: 0

    Metal$ are in the pits By MICHAEL GRAY
    Last Updated: 4:33 AM, April 11, 2010
    Posted: 2:10 AM, April 11, 2010
    There is no silver lining to the activities of JPMorgan Chase and HSBC in the precious-metals market here and in London, says a 40-year veteran of the metal pits.
    
    The banks, which do the Federal Reserve's bidding in the metals markets, have long been the government's lead actors in keeping down the prices of gold and silver, according to a former Goldman Sachs trader working at the London Bullion Market Association.
    
    Maguire was scheduled to testify last week before the Commodities Futures Trade Commission, which is looking into the activities of large banks in the metals market, but was knocked off the list at the last moment. So, he went public.
    
    Maguire -- in an exclusive interview with The Post -- explained JPMorgan's role in the metals pits in both London and here, and how they can generate a profit either way the market moves.
    
    "JPMorgan acts as an agent for the Federal Reserve; they act to halt the rise of gold and silver against the US dollar. JPMorgan is insulated from potential losses [on their short positions] by the Fed and/or the US taxpayer," Maguire said.
    
    In the gold pits, Maguire sees HSBC betting against the precious metal's price without having any skin in the game in the form of a naked short.
    
    "HSBC conducts an ongoing manipulative concentrated naked short position in gold. Silver is much easier to manipulate due to its much smaller [market] size," Maguire added.
    
    "No one at JPMorgan is familiar with Andrew Maguire," said Brian Marchiony, a company spokesman. HSBC declined to comment.
    
    Also during the CFTC hearing, Jeff Christian, founder of the commodities firm CPM Group, said that the LBMA, the physical delivery market for gold and silver in the UK, has been using leverage, which is another way to depress the price of gold and silver.
    
    Christian said that the LBMA -- the same market Maguire trades in -- has leverage of about 100-1 on the gold bars settled on the exchange. In layman's terms, that means if 100 clients requested their bullion bars be delivered, the exchange could only give one client the precious metal.
    
    The remaining requests would have to be settled for cash equivalent. "That is tantamount to a default on the trade," says Bill Murphy, chairman of the Gold Antitrust Action committee.
    
    Maguire goes further and calls it a fraud: "If you sell something you do not own, then that is fraud."
    
    Back in 2007, Morgan Stanley agreed to settle a $4.4-million lawsuit brought by precious-metal clients, who alleged that Morgan offered to buy gold and silver and store it for the investors, but never purchased any metal and still charged them storage fees.
    
    Morgan Stanley denied the charges at the time, but "settled the case to avoid the cost and distractions of continued litigation," the firm said.
    
    Despite gold's rise each of the last 10 years, Murphy believes the price of gold today would be closer to $2,300 an ounce if the price just moved with inflation.
    
    Maguire believes the price should be even higher given the fear trade that would have sent prices spiking during the financial crisis in 2008-09.
    
    Both precious metals have seen a recent spike since Maguire's e-mails became public. Gold has gained 6.5 percent to close at $1,161.55, while silver has spiked 10 percent to $18.38.
    
    According to the e-mails Maguire sent to CFTC regulators, he was spot-on in his expectations of how the precious metals would trade on release of the January jobs report.
    
    This message is to "confirm that the silver manipulation was a great success and played out exactly to plan as predicted yesterday. How would this be possible if the silver market was not in the full control of the parties we discussed in our phone interview," Maguire wrote to a staff investigator after the trading day.
    
    CFTC commissioner Bart Chilton said, "I'm appreciative of the information Mr. Maguire provided and I'm glad it was introduced into the investigation."
    
    High, low silver
    
    The prices of gold and silver have been allegedly suppressed by JPMorgan Chase and HSBC, according to a London whistleblower.
    
    Andrew Maguire, who laid out the banks’ plan in e-mails to the CFTC prior to trading on the Comex on Feb. 5.
    
    1.) From: Andrew Maguire
    
    To: Ramirez, Eliud [CFTC]
    
    Cc: BChilton [CFTC]
    
    Sent: Wednesday, February 03, 2010 3:18 PM
    
    Subject: Re: Silver today
    
    Thought it may be helpful to your investigation if I gave you the heads up for a manipulative event signaled for Friday, 5th Feb. Scenario 1. The news is bad (employment is worse). This will have a bullish effect on gold and silver as the US dollar weakens and the precious metals draw bids, spiking them higher. This will be sold into within a very short time (1-5 mins) with thousands of new short contracts being added.
    
    Scenario 2. The news is good (employment is better than expected). This will result in a massive short position being instigated almost immediately with no move up. This will not initially be liquidation of long positions but will result in stops being triggered, again targeting key support levels. Kind regards,
    
    2.) From: Andrew Maguire
    
    To: Ramirez, Eliud [CFTC]
    
    Cc: BChilton [CFTC]; GGensler [CFTC]
    
    Sent: Friday, February 05, 2010 3:37 PM
    
    Subject: Fw: Silver today A final e-mail to confirm that the silver manipulation was a great success and played out EXACTLY to plan as predicted yesterday. How would this be possible if the silver market was not in the full control of the parties we discussed in our phone interview? Kind regards,
    
    3.) Andrew T. Maguire
    
    From: Ramirez, Eliud
    
    To: Andrew Maguire
    
    Sent: Tuesday, February 09, 2010 1:29 PM
    
    Subject: RE: Silver today Good afternoon, Mr. Maguire, I have received and reviewed your email communications. Thank you so very much for your observations.
    
    mgray@nypost.com
    
    If you don't trust GOLD,the only asset with a 6000 year track record, do you trust the logic of taking a $1,000 pine tree, cutting it up, turning it to pulp, putting some ink on it, and then calling it one billion $ dollars?
    [
11. ffff 11 april 2010 15:54

    auteur info

    • ffff

      Lid sinds: 01 jan 2000

      Laatste bezoek: 29 apr 2024

    • Aanbevelingen

      Ontvangen: 13784

      Gegeven: 18037

    •    Aantal posts: 38.362

    Gung Ho,
    
    U plaatst al jaren op IEX enorme lappen van publikaties. Je moet er echt moeite voor doen ze te lezen. Dat heb ik vanmiddag gedaan met je 4 laatste postings. Maar eigenlijk kan ik daaruit niet opmaken of jij goud nu wel of niet koopwaardig vindt.
    
    Je postings geven aan dat de markt ontzettend gecompliceerd in elkaar zit, maar dat weten we al meer dan 15 jaar, dus eigenlijk niets nieuws.
    
    Gezien de meer dan verdrievoudiging van de goudprijs in Euro's de afgelopen jaren , ziet U nog opwaarts potentieel?
    
    En denkt U dat dat opwaartse potentieel groter zal zijn dan de gemiddelde beurzen of dan de andere commodities?
    
    Ik vraag duidelijk als vergelijking met de gemiddelde beurzen omdat ik vanmiddag al in een andere gouddraad aangaf dat goud het prima doet, maar bijvoorbeeld de AEX het het afgelopen jaar toch nog beter deed.
    
    En ik vergelijk het ook , heel grof, met bijvoorbeeld een zinkbedrijf als Nyrstar dat het het afgelopen jaar ook weer veel beter dan goud deed. ( Nyrstar verviervoudigde in koers terwijl goud 40 procent steeg, al is dat zwaar vertekend omdat ik een tijdsspanne van 1 jaar neem )
    
    Misschien hier wat concretere antwoorden op te geven....? Al blijft de toekomst voorspellen bij beleggingen altijd heel moeilijk.
    
    Peter
12. [verwijderd] 11 april 2010 16:17

    auteur info

    • [verwijderd]

      Lid sinds: 01 jan 0001

      Laatste bezoek: 01 jan 0001

    • Aanbevelingen

      Ontvangen: 0

      Gegeven: 0

    •    Aantal posts: 0

    quote:

    ffff schreef:

    Ik vraag duidelijk als vergelijking met de gemiddelde beurzen omdat ik vanmiddag al in een andere gouddraad aangaf dat goud het prima doet, maar bijvoorbeeld de AEX het het afgelopen jaar toch nog beter deed.
    

    Hoe langer de termijn, deste evenwichtiger het beeld.
    AEX / Euro-Goud ratio even niet voorhanden, dus maar de DJI / Dollar-Gold ratio over 1901 t/m heden.
    Aangezien de AEX meestal de DJI wel volgt, kun je hier iets aan zien .... voor wat het waard is hoor .... ----> clip

    Bijlage:
13. [verwijderd] 11 april 2010 16:27

    auteur info

    • [verwijderd]

      Lid sinds: 01 jan 0001

      Laatste bezoek: 01 jan 0001

    • Aanbevelingen

      Ontvangen: 0

      Gegeven: 0

    •    Aantal posts: 0

    P.S. een KT voorspelling Goud vs een brede Aandelenindex is niet of nauwelijks te maken, behalve met een mooie glazen bol en veel toverspreuken dan .....
    
    Men denkt dat op goldbull websites wel te kunnen, de voorspellende waarde is echter veelal '0' of louter toeval.
    
    D.N.
14. [verwijderd] 11 april 2010 16:31

    auteur info

    • [verwijderd]

      Lid sinds: 01 jan 0001

      Laatste bezoek: 01 jan 0001

    • Aanbevelingen

      Ontvangen: 0

      Gegeven: 0

    •    Aantal posts: 0

    
    Howdy,
    
    re Grafiek:
    
    De periode van ca, 1931 - 1965 op de grafiek (recht omhoog), is hoofdzakelijk te wijten/danken aan de vaste goudprijs van de USA-regering:
    
    .......... For a long period, the United States government set the value of the US dollar so that one troy ounce was equal to $20.67 ($664.56/kg), but in 1934 the dollar was devalued to $35.00 per troy ounce ($1125.27/kg). By 1961 it was becoming hard to maintain this price, and a pool of US and European banks agreed to manipulate the market to prevent further currency devaluation against increased gold demand.
    
    
    Swiss-cast 1 kg gold barOn March 17, 1968, economic circumstances caused the collapse of the gold pool, and a two-tiered pricing scheme was established whereby gold was still used to settle international accounts at the old $35.00 per troy ounce.......................
    
    >--:-)-->
    
15. [verwijderd] 11 april 2010 16:48

    auteur info

    • [verwijderd]

      Lid sinds: 01 jan 0001

      Laatste bezoek: 01 jan 0001

    • Aanbevelingen

      Ontvangen: 0

      Gegeven: 0

    •    Aantal posts: 0

    quote:

    Amor Arrows schreef:

    Howdy,
    
    re Grafiek:
    
    De periode van ca, 1931 - 1965 op de grafiek (recht omhoog), is hoofdzakelijk te wijten/danken aan de vaste goudprijs van de USA-regering
    

    Hoi Amor,
    
    je kunt het met grafiekjes zo gek maken als je wilt en ik heb er veel van.
    Zo is er een inflatie gecorrigeerde dollar-gold grafiek vanaf het jaar 1344 t/m 1998
    (zie -clip- + F11 toets voor gehele plaatje)
    
    Uit die grafiek zou je ondermeer ! af kunnen leiden dat goud in de huidige up-wave minimaal naar de U$ 1.650 gaat, met mogelijke pieken naar de U$ 2.400
    
    We gaan zien ....

    Bijlage:
16. [verwijderd] 11 april 2010 17:10

    auteur info

    • [verwijderd]

      Lid sinds: 01 jan 0001

      Laatste bezoek: 01 jan 0001

    • Aanbevelingen

      Ontvangen: 0

      Gegeven: 0

    •    Aantal posts: 0

    11. Amor Arrows 33,1%
    12. Junior Mining 31,5%
    13. Gung Ho 30,8%
    
    so close, yet, so far apart :-)
17. [verwijderd] 11 april 2010 22:39

    auteur info

    • [verwijderd]

      Lid sinds: 01 jan 0001

      Laatste bezoek: 01 jan 0001

    • Aanbevelingen

      Ontvangen: 0

      Gegeven: 0

    •    Aantal posts: 0

    quote:

    uberpatzer schreef:

    11. Amor Arrows 33,1%
    12. Junior Mining 31,5%
    13. Gung Ho 30,8%
    
    so close, yet, so far apart :-)
    

    dat is alweer 'n week oud; laatste stand
    
    .....% up
    U.P. 53.4
    G.H. 39.5
    J.M. 35.8
    A.A. 34.8
    
    >--:-)-->
18. [verwijderd] 12 april 2010 23:43

    auteur info

    • [verwijderd]

      Lid sinds: 01 jan 0001

      Laatste bezoek: 01 jan 0001

    • Aanbevelingen

      Ontvangen: 0

      Gegeven: 0

    •    Aantal posts: 0

    quote:

    ffff 11 apr 10, 15:54 schreef:

    Ik vraag duidelijk als vergelijking met de gemiddelde beurzen omdat ik vanmiddag al in een andere gouddraad aangaf dat goud het prima doet, maar bijvoorbeeld de AEX het het afgelopen jaar toch nog beter deed.
    

    Deze had je nog van mij tegoed, Peter .....
    
    Eurogoud vs AEX --> zie clip + F11 toets
    
    De AEX deed het afgelopen jaar dus NIET beter dan eurogoud, eerder slechter ....
    
    gr. D.N.

    Bijlage:
19. [verwijderd] 13 april 2010 08:58

    auteur info

    • [verwijderd]

      Lid sinds: 01 jan 0001

      Laatste bezoek: 01 jan 0001

    • Aanbevelingen

      Ontvangen: 0

      Gegeven: 0

    •    Aantal posts: 0

    Het voorlopig goudhaantje in de edelmetaalcompetitie.
    
    finance.yahoo.com/q?s=GQ.V
20. TG01 15 april 2010 23:37

    auteur info

    • TG01

      Lid sinds: 26 aug 2004

      Laatste bezoek: 14 nov 2022

    • Aanbevelingen

      Ontvangen: 439

      Gegeven: 274

    •    Aantal posts: 2.246

    Goud naar $15.000 per ounce..
    
    www.arabianmoney.net/gold-silver/2010...
    
    

    quote:

    schreef:

    Within a few years Rich Dad Robert Kiyosaki’s gold and silver advisor Michael Maloney believes that gold will be worth $15,000 an ounce. ArabianMoney editor Peter Cooper has just published a book predicting $5,000 an ounce.
    
    The logic behind these claims is very compelling. Essentially money is going to lose its value through inflation, devaluation and debt defaults over the next few years. It is the other side of the government rescue of the global economy from the financial crisis. All that debt will never be repaid in today’s money. One way or another the value of that money will be debased.
    
    Mr Maloney maintains that $15,000 an ounce is the level required to monetize gold. It is a bold claim that he explains well in this video, and for more detailed analysis of investment in gold and silver his excellent book is recommended