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$10k Gold?

Posted by Maya @ 22:32 on October 14, 2017  

I’ll believe it when I see it.    But if it makes Buygold happy…  🙂

I think the Chinese learned a trick from the USA about  “Deep Storage Gold”…..  stored deeply in the ground.

Richard640 @ 17:37

Posted by Maya @ 22:30 on October 14, 2017  

I swear I didn’t write that first piece, but…. It nicely describes me.

Buygold

Posted by ipso facto @ 21:23 on October 14, 2017  

I know. This was just confirming what you were thinking. 🙂

Re: Chinese Gold – China without ANY DOUBT is THE largest holder of gold on the planet.

Posted by MetalsGuy @ 20:28 on October 14, 2017  

Bill Holter – Sept 7 2017

Hey Ipso, silverngold

Posted by Buygold @ 20:05 on October 14, 2017  

My thought was that they had those NOT as holdings but as reserves in the ground – big difference.

That being said, I still love Rickard’s call for a revaluation of gold to $10K – 40% backing – by Jan. 1st.(gotta hope right?)

Unfortunately, hope is not a strategy… 🙂 🙁

silverngold – glad you liked the article….

commish @ 16:40 Thanks

Posted by silverngold @ 19:33 on October 14, 2017  

Not so sure about the stonework and granite counter tops, but it seems odd to me that the homes seem to be burned to the ground while most of the trees left intact and mostly without damage. Also some homes destroyed while others in the immediate vicinity, like right next door, have no damage. That seems to fit the description of a directed energy weapon. I guess the other possibility is that some homes have been targeted by arsonists while others have not. This year in BC many/most fires were started in or close to residential areas and not in the forests but spread to the forests. That also is suspicious…..and somewhere (here?) I read that the new Muslim agenda was to use arson as a major weapon against the infidels…..but I’m not sure if I got that right or not.

Could be BIG TROUBLE

Posted by ipso facto @ 17:43 on October 14, 2017  

First Footage Emerges Of Armed Clashes Between Kurdish And Pro-Baghdad Forces Near Kirkuk

http://www.zerohedge.com/news/2017-10-14/first-footage-emerges-armed-clashes-between-kurdish-and-pro-baghdad-forces-near-kirk

FRom a ZH blog-as I quaff this flagon of ale, here’s to better times ahead for us gold devotees.

Posted by Richard640 @ 17:37 on October 14, 2017  
I’m not gonna lie, I’ve taken a beating with PMs. I still believe in their value, so I’ll hold on to them as long as I can, but it hurts. I was stacking for years until my situation changed, and I actually had to sell some metals for a loss. The worst part is that my “friends” who used to laugh at me when I warned them to get out of the market and into metals are now flush, while I cling to my remaining metals – close to broke in the mean time. I used to say that it didn’t matter, that I knew I was right, and they were wrong. It’s not that I question that now – I just don’t care. My only saving grace has been the small amount of bitcoin I picked up a few years ago. I’ll continue to hold my PMs as long as I can, as I still believe that things will shift eventually. But I’ve lost the enthusiasm that I used to have. This shit just isn’t fun anymore.
/venting

eating crow always sux.. i too cashed out my 401 @ 18000 dow simply b/c i also didn’t want to get slaughtered.. but remember ther is no money made until stock is sold..
so, if they are gloating over stock valuations, they have made nothing …

sng – Check Out This Meme

Posted by commish @ 16:40 on October 14, 2017  

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Equisetum @ 0:43 Thank You, but you know me. I see a chemtrail (geoengineering) behind every bush.

Posted by silverngold @ 13:23 on October 14, 2017  

What I noticed is it seems they made an effort to not show much sky in their video, and what little sky they did show was mostly solid overcast….but in the few scenes that did show scattered clouds, many of them had the “footprint” of geoengineering, and according to Dane Wigington  of Geoengineering Watch, geoengineering the Arctic is preventing the heat from escaping and thus creating the effect or appearance of global warming, and also drastically increasing the methane release from the Arctic as the permafrost melts.

So my conclusion is that what they are showing IS actually happening, but my question is, is it happening because of global warming or because of geoengineering?

Thanks again Equisetum

Buygold … This is Rickards on that confusing Chinese announcement … Not smelted but in the ground!

Posted by ipso facto @ 12:56 on October 14, 2017  

Another key gold story last week was a report that China has upped its estimate of proven gold reserves to 12,100 tonnes. This report was the source of a lot of confusion among those who follow China, Russia, gold and the status of the U.S. dollar.

Some readers took the word “reserves” to refer to China’s official gold reserves held by the People’s Bank of China and its off-the-books sister entity, the State Administration of Foreign Exchange (SAFE). That’s incorrect.

China’s official gold reserves are about 1,800 tonnes, but may be as high as 5,000 tonnes once off-the-books gold is counted. Some think it’s even higher.

But the report refers to “proven reserves,” which is a geologic (and engineering) concept familiar to the mining community. Basically, it’s an estimate of how much gold is buried in the ground in China and could feasibly be mined at current prices with current technology.

12,000 tonnes is still a lot of gold, but it will take 10 years or more and billions of dollars to dig it up and refine it. Even at 1,000 tonnes per year (double China’s current rate of production), this only increases gold supply about 0.5% per year. That would happen in conjunction with a diminution of gold output from traditional sources such as South Africa.

https://dailyreckoning.com/four-major-catalysts-gold/

Buygold @ 9:18 Thanks for a very informative article

Posted by silverngold @ 12:52 on October 14, 2017  

Perhaps I missed it but what comes to mind is, has there been any change/increase in the premium over spot the US Mint charges to discourage the purchase of PM’s?? Also has there been an increase in reporting requirements by the US Gov that would discourage purchasing from the US Mint??

Another thought comes to mind too. US investors have been encouraged more and more to buy and store their PM’s off shore since the US seems to be prohibiting the US Citizens from removing their PM’s from the country.

Anyway, good article, and another thanks from Silverngold

Ororeef

Posted by goldielocks @ 11:53 on October 14, 2017  

That’s terrible. What kept the media out of this theft of citizens? I know don’t tell me they’re all in it together. What ever makes them money.I saw the change coming from things made in Japan then China and now even more countries. Was too young when I first started to notice other than check labels to try to buy US to know why.

@Ororeef

Posted by Mr.Copper @ 11:38 on October 14, 2017  

Again, thanks for sharing and posting the interesting info.

Here’s some nice “doom porn” from an Australian blog-I am still hopeful that gold will catch some of the reflected glory of BitCoin…ditto silver.

Posted by Richard640 @ 10:02 on October 14, 2017  

@Robert There are only three times when I have regularly woken in the middle of the night, worried about share prices: two of these were 1987 and 2008. On both occasions I sold out before the impending crash. It was an easy decision – PE ratios indicated grossly overpriced shares.

The third time I lost sleep over shares was a year ago because I foresee a collapse like you do, Robert. And yes, people stopped listening to me because it still hasn’t happened. Prices keep going up because of speculation, not fundamentals. When I look at corporate earnings, I cannot see where any growth is going to come from.That’s not a good sign.

Economic growth traditionally came from population increases and productivity. Both are now at snail’s pace. Now, growth is fuelled by debt. And debt on debt. Households, businesses and governments have been loading more and more debt to bring forward future demand and it’s unsustainable.

When this house of cards falls over the effect will be cataclysmic, making the GFC look like a picnic. It will devastate businesses, jobs and households. Retirees, and anybody near to retirement will be hurt hard. Then unemployment will hit. And like most financial crashes in history, most people will be surprised that it could happen. I have no idea what will trigger the next one, but it will most assuredly happen, and happen soon. 

So hold firm on your prediction, Robert. I know that few people wish to listen to the hard logic of what we see, and they’re even more unlikely to take the necessary steps to protect themselves from what will happen. It will be a very different world that people will need to adjust to down the track.

Gold demand up everywhere but the U.S. – what’s it all mean?

Posted by Buygold @ 9:18 on October 14, 2017  

Mark O’Byrne: VIX And Poor Gold Eagle Sales Could Signal The Stock Market Top

Mark says don’t be fooled by the U.S. Mint sales numbers and weak demand in the United States. Gold demand is booming around the globe…

by Mark O’Byrne of GoldCore

– US Mint gold coin sales and VIX at weakest in a decade
– Very low gold coin sales and VIX signal volatility coming
– Gold rises 1.7% this week after China’s Golden Week; pattern of higher prices after Golden Week
– U.S. Mint sales do not provide the full picture of robust global gold demand
– Perth Mint gold sales double in September reflecting increased gold demand in both Asia and Europe
– Middle East demand likely high given geopolitical risks
– Iran seeing increased gold demand and Iran’s gold coin price up by 5%
– Trump’s war mongering could see demand accelerate
– Germany seeing very robust demand and now world’s largest gold buyer

The real Loss cant be measured

Posted by Ororeef @ 7:54 on October 14, 2017  

The knowledge I acquired in 15-20 years of manufacturing garments is gone and trying to restore it will take decades .

I acquired it as a child from my Fathers experience in the 1930.s  .The knowledge of how to do it ..from pattern making ,spreading ,cutting ,sewing, sales,

Repairing and maintaining equipment ..I did it all ! I specialized as did all of us ..My expertise was in the sewing room assembly .,and repairing motors Bearings,machine parts ,attachments etc.My dad specialized in cutting room ,buying the cloth ,spreading ,cutting ..Uncle specialized in finishing after I sewed ,he ran pressing department ,buttons & Button Holes ,cleaning ,hanging on hangars ..Dad again controlled shipping as did his Sales Partner ..We all shared office staff of 4. That did Payroll ,accounting and the like.The knowledge loss that took decades to get was repeated in Factory after Factory that closed…

Mr.Copper @ 22:25 on October 13, 2017

Posted by Ororeef @ 7:15 on October 14, 2017  

After we kicked Sears out we moved up in Price Range to Department Stores ..We had 150 employees ,so keeping the Factory supplied with work was always a challange in a seasonal business .in 1962 we took on a Sales Man as a Partner .He was a Super Sales guy ..We had all the Best stores,Macys..our biggest customer..Burdines(Miami),Lovemans,Filenes (Boston)Magnums(California) ..Every big Dept Store wanted our products…WE made nothing but money for 6-7 years ..I ran production 6 days a week 12 hours a day to keep up ..WE paid overtime to everybody that wanted it got it. We made tennis Dresses ,Smock Dresses,Blouses,Corduroy pants ..all for KIDS ..My production was 36,000 garments a WEEK !    The engineered recession in 1969 killed it;…..all.

The Stock Market decline for 4 YEARS 1974-5  bottom around 700 for the DOW..  My dad decided to retire,His Partner  the Sales GUY Retired ,My uncle stay in for a few years more and I moved on from NJ.to a fast FOOD business in Virginia .Where Government imports didnt effect me .

The Kennedy years were great ,good policy especially the investment tax credit  ..It encouraged buying new equipment and I did ..I was spending $50,000 a year buying new equipment to increase production.   Then the Gubberment decided this country didnt want those kind of jobs and traded them away to Japan & China in exchange for Banking entrance into their countries ..In effect my Government sold me out to the Banking interests .The trade was lots of manufacturing jobs in exchange for a few banking and Insurance jobs ..That how we got where we are today !

By no means as dramatic as wind and flood damage to coastal areas after some hurricanes and

Posted by Equisetum @ 0:43 on October 14, 2017  

tropical storms, but this 7-minute video is an informative primer on near-surface geomorphology and melting of ground ice.  This erosive process has been documented to be quite significant on Pelly Island on the seaward edge of the Mackenzie River delta, where coastal retreat as a result of melting of ground ice has been recorded as high as 40 meters per year on some parts of this island facing the Beaufort Sea.  Caution is recommended for location and placement of human-made structures on the vegetated capping of near-surface soil.

 

http://www.cbc.ca/player/play/1073130051523

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Post by the Golden Rule. Oasis not responsible for content/accuracy of posts. DYODD.