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Why the price of gold cannot be allowed to rise

derrybderryb Posts: 36,823 ✭✭✭✭✭
in Precious Metals
At least until COMEX can cover it's promises







"... this means that as of today, the gold "coverage" ratio, or the amount of paper claims for every ounce of physical, has just hit a new all time high of 293 ounces of paper per ounce of registered physical."





Can you imagine the demand placed on COMEX for the physical stuff if the price suddenly climbed. Cannot be allowed to happen.

"Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey

Comments

  • rawteam1rawteam1 Posts: 2,472 ✭✭✭
    lol, there is no physical demand, hence the increase in paper ratio per contract...

    the trend is down, its always good to have others take the kool aid and trade against...

    keceph `anah
  • cohodkcohodk Posts: 19,129 ✭✭✭✭✭
    Allowed. ...forced. ... I love this place.
    Excuses are tools of the ignorant

    Knowledge is the enemy of fear

  • jmski52jmski52 Posts: 22,850 ✭✭✭✭✭
    I don't think it's about gold as much as it is about bonds. Bond prices cannot be allowed to go down, nor can rates be allowed to go up, lest the stock market crash and the debt load explode.



    Gold is just one of the pieces of the puzzle, and it's either a Tier One internationally recognized asset or just a commodity like beans or cotton. We report, you decide.
    Q: Are You Printing Money? Bernanke: Not Literally

    I knew it would happen.
  • roadrunnerroadrunner Posts: 28,303 ✭✭✭✭✭
    Originally posted by: rawteam1

    lol, there is no physical demand, hence the increase in paper ratio per contract...

    the trend is down, its always good to have others take the kool aid and trade against...





    Then please explain what has been happening in China and India in 2015 with respect to silver and gold purchases, specifically imports. I don't think the Asian nations drink Koolaid like we do.
    Barbarous Relic No More, LSCC -GoldSeek--shadow stats--SafeHaven--321gold
  • metalmeistermetalmeister Posts: 4,586 ✭✭✭✭✭
    We will find out sooner or later. Seems like spreading $$$ out over multiple asset classes makes the most sense to me at this time.
    email: ccacollectibles@yahoo.com

    100% Positive BST transactions
  • rawteam1rawteam1 Posts: 2,472 ✭✭✭
    What does the tea in China have to do with the tea here in America?... Nothing...
    keceph `anah
  • jmski52jmski52 Posts: 22,850 ✭✭✭✭✭
    What does the tea in China have to do with the tea here in America?... Nothing...

    Only if the Balance of Trade doesn't matter either.

    'course, if you smoke the same tea that Bernanke smokes, that's exactly what ya'll think.
    Q: Are You Printing Money? Bernanke: Not Literally

    I knew it would happen.
  • gsa1fangsa1fan Posts: 5,566 ✭✭✭
    Originally posted by: rawteam1
    What does the tea in China have to do with the tea here in America?... Nothing...


    Fidelity sent me a invest in China strategy email. I replied NEVER send me China Sh*t AGAIN!image


    image
    Avid collector of GSA's.
  • s4nys4ny Posts: 1,569 ✭✭✭
    If there was an actual shortage of physical gold some astute trader with deep pockets

    (Goldman Sachs?) would buy and squeeze.



    A short squeeze in gold has been the ultimate trading dream all the way back to

    Jay Gould in 1869.
  • OnlyGoldIsMoneyOnlyGoldIsMoney Posts: 3,365 ✭✭✭✭✭
    I am happy to add more at or around $1,100 an ounce - regardless of why it is at that price.
    NO END IN SIGHT LIB $2.50'S CAC ONLY
    https://www.pcgs.com/setregistry/gold/liberty-head-2-1-gold-major-sets/liberty-head-2-1-gold-basic-set-circulation-strikes-1840-1907-cac/alltimeset/268163
  • BaleyBaley Posts: 22,660 ✭✭✭✭✭
    If "they" won't "allow" gold to rise, why are we buying it? image



    Edit: I wish it (whatever "it" is, that is implied will happen to make gold go up) would hurry up and happen..



    ..not getting any younger, may not live long enough to see the next bull market in gold



    Go on line, there sure seems to be a heck of a lot of "physical gold" available for sale...



    ... for example, in the advertisements in the margins of the linked article image

    Liberty: Parent of Science & Industry

  • bidaskbidask Posts: 14,017 ✭✭✭✭✭
    Buffet does not like it .does not like gold
    I manage money. I earn money. I save money .
    I give away money. I collect money.
    I don’t love money . I do love the Lord God.




  • OPAOPA Posts: 17,121 ✭✭✭✭✭
    Rehash of an old article written several years ago. We all know Buffets "public" feeling on PM's.
    "Bongo drive 1984 Lincoln that looks like old coin dug from ground."
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