Ominous oro outing...

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Just reading about what I mentioned a few years ago coming to the fore again: I wrote "If you have it, not on paper, if you have physical gold, hide it"...

"The same greedy disaster that has befallen the money market is happening to gold as well (and probably everything else) much as banks never have cash anywhere near the amount of money they lend, so too bullion banks hold only a tiny proportion of the gold they sell."

That was scary enough but the moment now seems to have arrived, maybe... ZeroHedge: "The Death Of The Gold Market", OK, so it's based on uno solo informe of ADMISI's Paul Mylchreest [Full 60 page Report: PDF] stating that the "'float' of physical gold in London (excluding gold owned by ETFs and central banks) has recently declined to +/- zero.". The ETFs mentioned [edit]: "Gold ETFs provide investors with exposure to gold by tracking the price changes of gold. This allows investors to profit from gold price changes without having to own the physical asset."...better if it is physical: if you own it you should be able touch it; put it under the cellar floor (and beware the gold-tungsten adultery). Just checked when I suggested buying big - Oro offers opportunity - 10 years exactly; after the initial jitters it's been all good. But moving will cost a fortune!

Ominous oro outing...

---

Just reading about what I mentioned a few years ago coming to the fore again: I wrote "If you have it, not on paper, if you have physical gold, hide it"...

"The same greedy disaster that has befallen the money market is happening to gold as well (and probably everything else) much as banks never have cash anywhere near the amount of money they lend, so too bullion banks hold only a tiny proportion of the gold they sell."

That was scary enough but the moment now seems to have arrived, maybe... ZeroHedge: "The Death Of The Gold Market", OK, so it's based on uno solo informe of ADMISI's Paul Mylchreest [Full 60 page Report: PDF] stating that the "'float' of physical gold in London (excluding gold owned by ETFs and central banks) has recently declined to +/- zero.". The ETFs mentioned [edit]: "Gold ETFs provide investors with exposure to gold by tracking the price changes of gold. This allows investors to profit from gold price changes without having to own the physical asset."...better if it is physical: if you own it you should be able touch it; put it under the cellar floor (and beware the gold-tungsten adultery). Just checked when I suggested buying big - Oro offers opportunity - 10 years exactly; after the initial jitters it's been all good. But moving will cost a fortune!

Ormolu occamy...

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"There is much discussion these days as to whether the price of gold is being manipulated. The answer is simply 'yes.'" Says Jeff Thomas, International Man [Link]. If you have it, not on paper, if you have physical gold, hide it. The same greedy disaster that has befallen the money market is happening to gold as well (and probably everything else) much as banks never have cash anywhere near the amount of money they lend, so too bullion banks hold only a tiny proportion of the gold they sell.

"Of course, this charade cannot go on forever. Eventually, the buyers realise what is being done and will then demand delivery of their gold. This will bring about two major events: a crash in the paper gold market and a dramatic increase in the price of physical gold."

By coincidence, the UK's famous alchemist and instigator of the Brown Bottom was visiting the New York Stock Exchange today: "He showed a rare Midas touch", a new habit that would be: golden Brown texture like sun...

Ormolu occamy...

---

"There is much discussion these days as to whether the price of gold is being manipulated. The answer is simply 'yes.'" Says Jeff Thomas, International Man [Link]. If you have it, not on paper, if you have physical gold, hide it. The same greedy disaster that has befallen the money market is happening to gold as well (and probably everything else) much as banks never have cash anywhere near the amount of money they lend, so too bullion banks hold only a tiny proportion of the gold they sell.

"Of course, this charade cannot go on forever. Eventually, the buyers realise what is being done and will then demand delivery of their gold. This will bring about two major events: a crash in the paper gold market and a dramatic increase in the price of physical gold."

By coincidence, the UK's famous alchemist and instigator of the Brown Bottom was visiting the New York Stock Exchange today: "He showed a rare Midas touch", a new habit that would be: golden Brown texture like sun...