Sometimes a visual aid is helpful.....Gold Eagle Sales

jmski52

Nice chart.

mrearlygold

Interesting.

Is this the same Agora?

Agora Financial

Now cmon man, Agora is just another source of right wing propaganda disquised as a news source. And Bill Bonner, well, he's another one of those kooky way out there psycho's who want to go back to 18th century living with no roads, no bridges, and no schools for the little children. Probably wants to start some wars and not pay for it or cut what are already low taxes with no realistic plan to pay for it. Steal from the government and the people. We are the people. We are the workers. We are the children.


Sheesh already.

cohodk

<< <i>Nice chart.

>>



I would like to see what 06 and 07 looked like. But the first thought that crossed my mind was, "Why isnt gold higher"? How much demand is it gonna take, and what would create such demand. In the last 2 years we've had the US (and most of the world's) banks fail. And we've have several European countries fail. Is it gonna take the failure of the USA to finally get gold to realize its potential?


Edited to add---I calculate 750,000 oz sold this year. Thats only $900 million. Last week, Pfizer paid $1.47 billion in dividends. LOL

gsa1fan

Paper gold - Cohodk

jmski52

Now cmon man, Agora is just another source of right wing propaganda disquised as a news source. And Bill Bonner, well, he's another one of those kooky way out there psycho's who want to go back to 18th century living with no roads, no bridges, and no schools for the little children. Probably wants to start some wars and not pay for it or cut what are already low taxes with no realistic plan to pay for it. Steal from the government and the people. We are the people. We are the workers. We are the children.

I don't know about Bill Bonner's politics, I read his opinions on finance because most of the time I find him to be perceptive.

Frankly, the government needs liposuction and then a serious diet after that.

And the schools for little children? The schools need less money for gadgets and better teaching standards, for starters.

jmski52

the first thought that crossed my mind was, "Why isnt gold higher"? How much demand is it gonna take, and what would create such demand. In the last 2 years we've had the US (and most of the world's) banks fail. And we've have several European countries fail. Is it gonna take the failure of the USA to finally get gold to realize its potential?

cohodk, you are such a tease. Why isn't gold higher? I would surmise that the reason is because most people don't consider gold to be a viable financial asset. That's how I interpret gold's not being higher as of right now. On the other hand, I consider a dramatic rise in gold to be inevitable. I'll see it in my lifetime, and I expect the ride to be double or triple the one I took in 1978-1980, but not with the correction at the end.

How much demand is it gonna take? To do what? Send gold to $5,000? That's not a function of demand as much as it is a function of a monetary event, like velocity. Lot's of things triple or quadruple in a short period of time when the public gets greedy or when fear runs rampant. You see that all the time as a trader. It's not much different on a macro scale.

As a society we're in a state of denial, numbness, and complacency. I expect things to disintegrate and as they do, I expect the stressors to stimulate the price of gold. Not that it's good, cause it's not.

mrearlygold

Sorry

jmski52

I must admit - anyone who vacations in France has got to be on my political left, and that includes Bill Bonner.

CaptHenway

I am reading an interesting book, "The Lords of Finance," that tells how the financial heads of Great Britain, France, Germany and the U.S. disastrously mishandled the crash of 1929-31 and made it worse.

It begins by tracing these four men and their careers from before World War I, and how they came to be in power by 1929, and how WW1 devastated the economies of Europe.

The section on the German hyper-inflation is well worth the cost of the book. I highly recommend it, in light of today's printing press economies.

TD

COINB0Y

Once the crash and deflation of real assets period really hits and the flood of the fiat supply begins, the price of gold will take care of itself.