Fascinating ideas here. But wouldn't criminals prefer more convenient, untraceable forms of currency over #cash or #gold? For example #bitcoin or other digital currency?
I agree that we are setting up for a big run in #gold soon. But given that we could see some downside in the miners over the coming weeks, I just can't see buying a leveraged instrument like $JNUG and riding it down if there is more correction to come. People who want to hold on to something like JNUG should be willing to buy some $JDST as a hedge until the correction plays out. Had I not bought $DUST and JDST as hedge, my gold mining positions would have led to a big draw down in my account.
I've been trying to do my due diligence into the SPDR Gold Trust (GLD). Anyone know why there is a clause in the $GLD prospectus that states GLD has no right to audit subcustodial #gold holdings? Why would the organizations behind GLD forfeit this right and create such a glaring audit loophole? I have not heard a single good reason for the existence of this loophole thus far. It also doesn't help that GLD claims to be fully backed by physical gold bullion but yet it refuses to give retail investors the right to redeem for any of these ‘claimed’ gold bullion. There are a number of other red flags as well from what I'm reading:
"Did anyone try calling the GLD hotline at (866) 320 4053 in search of numerical details on GLD's insurance? The prospectus vaguely states "The Custodian maintains insurance with regard to its business on such terms and conditions as it considers appropriate which does not cover the full amount of gold held in custody." When I asked about how much of the gold was insured, the representative proceeded to act as if he didn't know and said they were just the "marketing agent" for GLD. What kind of marketing agent would not know such basic information about a product they are marketing? It seems like they are deliberately hiding information from investors.
I remember there was a well documented visit by CNBC's Bob Pisani to GLD's gold vault. This visit was organized by GLD's management to prove the existence of GLD's gold but the gold bar held up by Mr. Pisani had the serial number ZJ6752 which did not appear on the most recent bar list at that time. It was later discovered that this "GLD" bar was actually owned by ETF Securities."
We are being compelled to speculate. That is what the CBs are doing; making speculators of us all. The last thing they want is prudent saving. It's all in, baby. #Gold is a form of savings in this environment. A way station.
Looking at the appreciated value of Lego over time, that's a better investment than #Gold as well. But while Lego and Gold are here to stay, #PokemonGo is a fad that will eventually be forgotten like all hit video games of the past.
The price of #silver and #gold has recently been affected by #Brexit. In addition, I feel as though that the UK might make a Swiss model deal which entails free trade with the E.U. and Schengen Zone visa privileges which would effectively give the benefits of EU membership minus the voting power and at a lower contribution cost. Also, this would ease market concerns and wipe out the rally that gold has sustained assuming everything remains about the same.
Gary... interesting comment. However, I would not use surplus funds to buy a new car. When the system finally cracks, there will be a huge glut of new and semi-new cars at a huge discount.
How are investors paying down debt?? U.S. debt is now $19.4 trillion. How is that heading lower? Maybe you can clarify what you mean.
Lastly, Government #Bonds are like gold until expensive oil production declines. Cheap #oil production peaked several years ago, now we are waiting for the peak of expensive oil. Actually, if we don't see tens of trillions of Helicopter money dumped on the market shortly, expensive oil production may have already peaked.
Government bonds are #DEBT. The world is full of debt up to their eyeballs. Without growing energy production, this debt will not be paid back. #Gold and #silver are two of the best assets to own going forward.
Well, the real economy could use a little helicopter money, precisely doled out in a short time period. Why #ZeroHedge would be against helping the real economy simply because it views DB as being disingenuous is hard to figure out. Real #HelicopterMoney is base money stimulus and goes directly to the people, without bond swapping or any fiscal drag on government. It would make a lot of sense, and it beats #NIRP and #ZIRP. If Zero Hedge has a better idea, let's hear it. One point, though, how much it pushes yields up could be hard to determine, since demand for bonds won't wain for collateral. Zero Hedge has written about this collateral issue, and it could present a problem as long bonds are the most highly rated collateral, more highly rated than #gold itself.
Simply put, #silver is more volatile. Also silver is more a commodity than #gold which is more a store of value play. Commodities are heading higher even though it seems like the price increases can't be easily passed onto consumers, thus the weak corporate profits. If oil joins in on the #commodities price rise the #Fed may get what it wants, inflation exceeding US growth which will not stimulate the economy as the Fed chairwoman is implying. Quite the reverse.
I have a little bit of #gold and a lot of #silver, but I would not want to be holding any mining stocks or paper gold when the crash does happen. I can't imagine how people like #HarryDent can assume that gold will be drop to the $750 range or below. I'm one of the weak hands when it comes to trading the mining stocks. I'd rather get back in after they correct or pull back.
War On Cash Turns To $20, $50, And $100 Bills
Fascinating ideas here. But wouldn't criminals prefer more convenient, untraceable forms of currency over #cash or #gold? For example #bitcoin or other digital currency?
Don’t Miss Your Opportunity In The Greatest Bull Market Ever
I agree that we are setting up for a big run in #gold soon. But given that we could see some downside in the miners over the coming weeks, I just can't see buying a leveraged instrument like $JNUG and riding it down if there is more correction to come. People who want to hold on to something like JNUG should be willing to buy some $JDST as a hedge until the correction plays out. Had I not bought $DUST and JDST as hedge, my gold mining positions would have led to a big draw down in my account.
Silver & Gold; Bullish Message If They Jump Over This
"...against Gold ETF (GLD)"
I've been trying to do my due diligence into the SPDR Gold Trust (GLD). Anyone know why there is a clause in the $GLD prospectus that states GLD has no right to audit subcustodial #gold holdings? Why would the organizations behind GLD forfeit this right and create such a glaring audit loophole? I have not heard a single good reason for the existence of this loophole thus far. It also doesn't help that GLD claims to be fully backed by physical gold bullion but yet it refuses to give retail investors the right to redeem for any of these ‘claimed’ gold bullion. There are a number of other red flags as well from what I'm reading:
"Did anyone try calling the GLD hotline at (866) 320 4053 in search of numerical details on GLD's insurance? The prospectus vaguely states "The Custodian maintains insurance with regard to its business on such terms and conditions as it considers appropriate which does not cover the full amount of gold held in custody." When I asked about how much of the gold was insured, the representative proceeded to act as if he didn't know and said they were just the "marketing agent" for GLD. What kind of marketing agent would not know such basic information about a product they are marketing? It seems like they are deliberately hiding information from investors.
I remember there was a well documented visit by CNBC's Bob Pisani to GLD's gold vault. This visit was organized by GLD's management to prove the existence of GLD's gold but the gold bar held up by Mr. Pisani had the serial number ZJ6752 which did not appear on the most recent bar list at that time. It was later discovered that this "GLD" bar was actually owned by ETF Securities."
The Helicopter Paradigm
We are being compelled to speculate. That is what the CBs are doing; making speculators of us all. The last thing they want is prudent saving. It's all in, baby. #Gold is a form of savings in this environment. A way station.
Pokémon GO–LD
Looking at the appreciated value of Lego over time, that's a better investment than #Gold as well. But while Lego and Gold are here to stay, #PokemonGo is a fad that will eventually be forgotten like all hit video games of the past.
Gold Pullback Very Likely Over; Now On The Way To $1,400+
Safe to say #Gold and #Silver will take your money a long way. Nice article!
Gold Pullback Very Likely Over; Now On The Way To $1,400+
#Gold and #silver... the underappreciated assets as of late. Personally, I like silver more than gold though as it has a lot more room to run.
Gold is Not Going to $10,000
The price of #silver and #gold has recently been affected by #Brexit. In addition, I feel as though that the UK might make a Swiss model deal which entails free trade with the E.U. and Schengen Zone visa privileges which would effectively give the benefits of EU membership minus the voting power and at a lower contribution cost. Also, this would ease market concerns and wipe out the rally that gold has sustained assuming everything remains about the same.
The Subprime U.S. Economy: Disintegrating Due To Subprime Auto, Housing, Bond & Energy Debt
Gary... interesting comment. However, I would not use surplus funds to buy a new car. When the system finally cracks, there will be a huge glut of new and semi-new cars at a huge discount.
How are investors paying down debt?? U.S. debt is now $19.4 trillion. How is that heading lower? Maybe you can clarify what you mean.
Lastly, Government #Bonds are like gold until expensive oil production declines. Cheap #oil production peaked several years ago, now we are waiting for the peak of expensive oil. Actually, if we don't see tens of trillions of Helicopter money dumped on the market shortly, expensive oil production may have already peaked.
Government bonds are #DEBT. The world is full of debt up to their eyeballs. Without growing energy production, this debt will not be paid back. #Gold and #silver are two of the best assets to own going forward.
Steve
Gold's Yin And Yang
I enjoy your rational thoughts on #gold, along with Keith's. When "bull ahoy" is loudest it is time to take cover in the gold sector.
Deutsche Bank Loves Helicopter Money: Why "Big Inflation Is Coming... But Will First Require A Crisis"
Well, the real economy could use a little helicopter money, precisely doled out in a short time period. Why #ZeroHedge would be against helping the real economy simply because it views DB as being disingenuous is hard to figure out. Real #HelicopterMoney is base money stimulus and goes directly to the people, without bond swapping or any fiscal drag on government. It would make a lot of sense, and it beats #NIRP and #ZIRP. If Zero Hedge has a better idea, let's hear it. One point, though, how much it pushes yields up could be hard to determine, since demand for bonds won't wain for collateral. Zero Hedge has written about this collateral issue, and it could present a problem as long bonds are the most highly rated collateral, more highly rated than #gold itself.
The Fundamental Reason The Silver Price Will Explode Much Higher Than Gold
Simply put, #silver is more volatile. Also silver is more a commodity than #gold which is more a store of value play. Commodities are heading higher even though it seems like the price increases can't be easily passed onto consumers, thus the weak corporate profits. If oil joins in on the #commodities price rise the #Fed may get what it wants, inflation exceeding US growth which will not stimulate the economy as the Fed chairwoman is implying. Quite the reverse.
Will Gold Crash With The Dow… Or Soar?
I have a little bit of #gold and a lot of #silver, but I would not want to be holding any mining stocks or paper gold when the crash does happen. I can't imagine how people like #HarryDent can assume that gold will be drop to the $750 range or below. I'm one of the weak hands when it comes to trading the mining stocks. I'd rather get back in after they correct or pull back.
The Ultimate Reasons For Owning Gold
Who knows, now that #GaryJohnson is the Libertarian's 3rd part candidate for president. If he wins, the US could be back on the #gold standard.
The Ultimate Reasons For Owning Gold
Excellent points, though I've heard many times that Lego blocks are a better investment than #Gold! :)
Gold & Silver Sector To Explode Upwards
Here's hoping you are right about #Gold, #Silver.