Originally posted by: TwoSides2aCoin Who wants to trade me 40 barrels of oil for an ounce of gold ?
All that glitters ain't oil!
Gold making a nice little move again.
I'll believe it when the price of a quart of motor oil finally comes down to earth.
"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
It's not about gold, it's about the dollar - or more accurately it's about US Treasury debt. Look at Sinclair's site on a regular basis and notice the negative correlation.
Yeah, from time to time "they" hammer gold, but most of the time it's just a result of what's happening with the dollar (which is really just a proxy for US Treasury debt.)
It's easy to say it, but you have to come to grips with the fact that the dollar is basically a "tradeable debt" instrument. So, a bank account is an account that holds nothing but a promise to be traded at some par value of a government's unreconcile-able debt. Truly bizarre, if you stop to think about it.
Q: Are You Printing Money? Bernanke: Not Literally
"the dollar is basically a "tradeable debt" instrument."
Yes, if you're talking about actual currency, and it even states that on the cover: "This note is legal tender for all debts public and private." Now when the dollar was not a debt instrument, the cover stated "This certifies that there have been deposited in the Treasury of the United States of America X dollars in gold coin payable to the bearer on demand." Somehow the thought that the dollar was actually something other than a note for debt has stayed in the public conscience. It's kind of like trading promissory notes with each other.
Always heard it said that " 80% of the people reserve the right to remain ignorant." I respect that right, although I think the number is off + or - 10%.
Gold Extends Overnight Gains, Closing in on $1,200
Monday February 08, 2016 09:36
(Kitco News) - Gold prices are trading sharply higher, at a 3.5-month high and are nearing the key $1,200.00 level in morning U.S. dealings Monday.
Lower world stock markets, including sharp losses in the U.S. stock indexes that just opened the day session, are prompting investor and trader demand
for the safe-haven yellow metal. The near-term chart posture for gold has also dramatically improved the past few weeks, which is drawing in technically based buying.
April Comex gold was last up $31.60 an ounce at $1,189.40.
By Jim Wyckoff, contributing to Kitco News; jwyckoff@kitco.com
Methinks that the herd is acting spooky and if they break then we will be in for quite the wild ride. Fortunately for PMers the ride will be a lot of fun.
Walker Proof Digital Album Fellas, leave the tight pants to the ladies. If I can count the coins in your pockets you better use them to call a tailor. Stay thirsty my friends......
Numismatist. 50 year member ANA. Winner of four ANA Heath Literary Awards; three Wayte and Olga Raymond Literary Awards; Numismatist of the Year Award 2009, and Lifetime Achievement Award 2020. Winner numerous NLG Literary Awards.
Numismatist. 50 year member ANA. Winner of four ANA Heath Literary Awards; three Wayte and Olga Raymond Literary Awards; Numismatist of the Year Award 2009, and Lifetime Achievement Award 2020. Winner numerous NLG Literary Awards.
Keep in mind that the gold market is much smaller than the equity or bond markets. Money that leaves the latter two and flocks to gold will make a much bigger positive impact on gold pricing than it did a negative impact on bond or equity pricing. Small percentage losses in bonds and equities can equal large percentage gains in gold IF gold is perceived as the safehaven and receives the re-directed funds.
"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
Small percentage losses in bonds and equities can equal large percentage gains in gold IF gold is perceived as the safehaven and receives the re-directed funds.
Especially if the dealer network runs low on inventory.
Q: Are You Printing Money? Bernanke: Not Literally
"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
"On my way to work this morning this morning, I drove past a business called Motel 6. It’s named Motel 6 because in my youth a room there cost $6. When I went past Motel 6 today, the sign said Motel 6: $59.95. In other words, $60.
So in 30 years, only one of two things could have happened: either the utility of the room at Motel 6 could have increased tenfold, which I doubt, I think it’s still the same size, probably hasn’t been updated, the sheets are probably still the same – or the denominator associated with purchasing a room at Motel 6 has declined tenfold.
At the point in time when a room at Motel 6 was $6, an ounce of gold cost $35, which meant that an ounce of gold bought you approximately 5.5 or 6 room nights at Motel 6. An ounce of gold today will buy 16 room nights at Motel 6, and I think that speaks volumes to the efficacy of holding gold."
"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
Originally posted by: derryb Rick Rule, CEO of Sprott U.S. Holdings, on gold:
"On my way to work this morning this morning, I drove past a business called Motel 6. It’s named Motel 6 because in my youth a room there cost $6. When I went past Motel 6 today, the sign said Motel 6: $59.95. In other words, $60.
So in 30 years, only one of two things could have happened: either the utility of the room at Motel 6 could have increased tenfold, which I doubt, I think it’s still the same size, probably hasn’t been updated, the sheets are probably still the same – or the denominator associated with purchasing a room at Motel 6 has declined tenfold.
At the point in time when a room at Motel 6 was $6, an ounce of gold cost $35, which meant that an ounce of gold bought you approximately 5.5 or 6 room nights at Motel 6. An ounce of gold today will buy 16 room nights at Motel 6, and I think that speaks volumes to the efficacy of holding gold."
When I Google gold spot 1986 which is 30 years ago....$391 comes up not $35! Looks like the math may be off here! Kinda late after a long day so check it out and let me know please.
Successful trades/buys/sells with gdavis70, adriana, wondercoin, Weiss, nibanny, IrishMike, commoncents05, pf70collector, kyleknap, barefootjuan, coindeuce, WhiteTornado, Nefprollc, ajw, JamesM, PCcoins, slinc, coindudeonebay,beernuts, and many more
you're right. last time gold was $35 was 1968. Unless he meant to say 50 years the guy's full of it.
"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
Rick Rule's point is valid. He probably meant 50 years.
Motel 6 first opened in 1962 at $6 per night. I doubt those prices were kept steady during the 1960's inflationary run up. Over 50 years the analogy still works.
Rick Rule's point is valid. He probably meant 50 years.
Motel 6 first opened in 1962 at $6 per night. I doubt those prices were kept steady during the 1960's inflationary run up. Over 50 years the analogy still works.
Yep, one can certainly compare the price change, in dollars, since 1962, of gold bullion and motel 6 nightly room rate. Once can also compare the price change, in dollars, of billions of other commodities, financial assets, goods and services over that time frame.
A share of IBM was about $6 in 1962, $142 on Friday, and has also paid regular, increasing dividend continuously, and the stock split 7 times.
BTW, the most I (actually, my company) ever paid for a night stay in a Motel 6 was $149. The entire city was sold out due to a large event, and "decent" hotel rooms were going for $400 and up.
Rick Rule's point is valid. He probably meant 50 years.
Motel 6 first opened in 1962 at $6 per night. I doubt those prices were kept steady during the 1960's inflationary run up. Over 50 years the analogy still works.
Yep, one can certainly compare the price change, in dollars, since 1962, of gold bullion and motel 6 nightly room rate. Once can also compare the price change, in dollars, of billions of other commodities, financial assets, goods and services over that time frame.
A share of IBM was about $6 in 1962, $142 on Friday, and has also paid regular, increasing dividend continuously, and the stock split 7 times.
BTW, the most I (actually, my company) ever paid for a night stay in a Motel 6 was $149. The entire city was sold out due to a large event, and "decent" hotel rooms were going for $400 and up.
Hopefully they left the light on for you. For that price they should have given you the light.
"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
Originally posted by: OPA Gold prices are seeing strong selling pressure and hit a three-week low thanks to a stronger dollar. BTW, all PM's are having a bad day.
That was then......
Really? Deja vu all over again...
"Bongo drive 1984 Lincoln that looks like old coin dug from ground."
Please show me an exact trade trade taking place at an exact time or any time in 2011 when "the Fed ordered it's bullion banks to sell short".
I do get so much enjoyment out of uneducated conjecture. Apparently this forum does too. Whoohoo. Spring has sprung.
Fairly certain the FED doesn't say "take it down, right now." Pretty much sure they have given the green light to letting it build to a predetermined cap and then knocking it down at the discretion of those who, with no threat of prosecution for manipulating the market, get to reap the profits. . . profits acquired in both price directions.
Do not lose sight of the fact that these big banks in reality are the owners of the FED. The same FED that is one of the primary regulators of these banks. So, in a nutshell the regulators are owned by the regulated. Not much different than the rest of America's free market system.
"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
Who wants to trade me 40 barrels of oil for an ounce of gold ?
All that glitters ain't oil!
Gold making a nice little move again.
Who wants to trade me 40 barrels of oil for an ounce of gold ?
All that glitters ain't oil!
Gold making a nice little move again.
I'll believe it when the price of a quart of motor oil finally comes down to earth.
"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
Who wants to trade me 40 barrels of oil for an ounce of gold ?
All that glitters ain't oil!
Gold making a nice little move again.
I'll believe it when the price of a quart of motor oil finally comes down to earth.
Good point, derryb......motor oil is quite pricey!!!
Anyone getting excited about gold yet?
If it keeps going up, it might get back up to where it was in May, or even last January!
I mean, it's not like it's been making lower highs, and lower lows, for the past 3 1/2 years!
(or is it?)
Liberty: Parent of Science & Industry
Yeah, from time to time "they" hammer gold, but most of the time it's just a result of what's happening with the dollar (which is really just a proxy for US Treasury debt.)
It's easy to say it, but you have to come to grips with the fact that the dollar is basically a "tradeable debt" instrument. So, a bank account is an account that holds nothing but a promise to be traded at some par value of a government's unreconcile-able debt. Truly bizarre, if you stop to think about it.
I knew it would happen.
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
Yes, if you're talking about actual currency, and it even states that on the cover: "This note is legal tender for all debts public and private." Now when the dollar was not a debt instrument, the cover stated "This certifies that there have been deposited in the Treasury of the United States of America X dollars in gold coin payable to the bearer on demand." Somehow the thought that the dollar was actually something other than a note for debt has stayed in the public conscience. It's kind of like trading promissory notes with each other.
Got Gold?
Monday February 08, 2016 09:36
(Kitco News) - Gold prices are trading sharply higher, at a 3.5-month high and are nearing the key $1,200.00 level in morning U.S. dealings Monday.
Lower world stock markets, including sharp losses in the U.S. stock indexes that just opened the day session, are prompting investor and trader demand
for the safe-haven yellow metal. The near-term chart posture for gold has also dramatically improved the past few weeks, which is drawing in technically based buying.
April Comex gold was last up $31.60 an ounce at $1,189.40.
By Jim Wyckoff, contributing to Kitco News; jwyckoff@kitco.com
Hey Buddy, can you spare an ASE?
Anyone getting excited about gold yet?
How about now??????????????
Up 3.5%
mark
Fellas, leave the tight pants to the ladies. If I can count the coins in your pockets you better use them to call a tailor. Stay thirsty my friends......
They keep smacking $1240 down so far.
Not anymore...
$1500 gold by St. Swithin's Day!!!
Déjà vu all over again. Had to look up St. Swithin's day again, just like in 2010.
What a nice climb since early January.
"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
Especially if the dealer network runs low on inventory.
I knew it would 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
What a nice climb since early January.
Up 1.56% today!!!!!
Feeling bullish, just like my avatar.
"On my way to work this morning this morning, I drove past a business called Motel 6. It’s named Motel 6 because in my youth a room there cost $6. When I went past Motel 6 today, the sign said Motel 6: $59.95. In other words, $60.
So in 30 years, only one of two things could have happened: either the utility of the room at Motel 6 could have increased tenfold, which I doubt, I think it’s still the same size, probably hasn’t been updated, the sheets are probably still the same – or the denominator associated with purchasing a room at Motel 6 has declined tenfold.
At the point in time when a room at Motel 6 was $6, an ounce of gold cost $35, which meant that an ounce of gold bought you approximately 5.5 or 6 room nights at Motel 6. An ounce of gold today will buy 16 room nights at Motel 6, and I think that speaks volumes to the efficacy of holding gold."
"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
Rick Rule, CEO of Sprott U.S. Holdings, on gold:
"On my way to work this morning this morning, I drove past a business called Motel 6. It’s named Motel 6 because in my youth a room there cost $6. When I went past Motel 6 today, the sign said Motel 6: $59.95. In other words, $60.
So in 30 years, only one of two things could have happened: either the utility of the room at Motel 6 could have increased tenfold, which I doubt, I think it’s still the same size, probably hasn’t been updated, the sheets are probably still the same – or the denominator associated with purchasing a room at Motel 6 has declined tenfold.
At the point in time when a room at Motel 6 was $6, an ounce of gold cost $35, which meant that an ounce of gold bought you approximately 5.5 or 6 room nights at Motel 6. An ounce of gold today will buy 16 room nights at Motel 6, and I think that speaks volumes to the efficacy of holding gold."
When I Google gold spot 1986 which is 30 years ago....$391 comes up not $35!
Looks like the math may be off here!
Kinda late after a long day so check it out and let me know please.
"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
What a nice climb since early January.
Up 1.56% today!!!!!
Feeling bullish, just like my avatar.
Down 1.73% the following day.....The roller coaster ride continues
Motel 6 first opened in 1962 at $6 per night. I doubt those prices were kept steady during the 1960's inflationary run up. Over 50 years the analogy still works.
Rick Rule's point is valid. He probably meant 50 years.
Motel 6 first opened in 1962 at $6 per night. I doubt those prices were kept steady during the 1960's inflationary run up. Over 50 years the analogy still works.
Yep, one can certainly compare the price change, in dollars, since 1962, of gold bullion and motel 6 nightly room rate. Once can also compare the price change, in dollars, of billions of other commodities, financial assets, goods and services over that time frame.
A share of IBM was about $6 in 1962, $142 on Friday, and has also paid regular, increasing dividend continuously, and the stock split 7 times.
BTW, the most I (actually, my company) ever paid for a night stay in a Motel 6 was $149. The entire city was sold out due to a large event, and "decent" hotel rooms were going for $400 and up.
Liberty: Parent of Science & Industry
Rick Rule's point is valid. He probably meant 50 years.
Motel 6 first opened in 1962 at $6 per night. I doubt those prices were kept steady during the 1960's inflationary run up. Over 50 years the analogy still works.
Yep, one can certainly compare the price change, in dollars, since 1962, of gold bullion and motel 6 nightly room rate. Once can also compare the price change, in dollars, of billions of other commodities, financial assets, goods and services over that time frame.
A share of IBM was about $6 in 1962, $142 on Friday, and has also paid regular, increasing dividend continuously, and the stock split 7 times.
BTW, the most I (actually, my company) ever paid for a night stay in a Motel 6 was $149. The entire city was sold out due to a large event, and "decent" hotel rooms were going for $400 and up.
Hopefully they left the light on for you.
Don't ask me why I posted this.
Gold prices are seeing strong selling pressure and hit a three-week low thanks to a stronger dollar. BTW, all PM's are having a bad day.
That was then......
Spot suffers, but gold miner buying continues.
"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
I took this opportunity to rescue some dollars that were crying out "Help me! Save my purchasing power! Help me!"
So, I did.
I knew it would happen.
Gold prices are seeing strong selling pressure and hit a three-week low thanks to a stronger dollar. BTW, all PM's are having a bad day.
That was then......
Really? Deja vu all over again...
Knowledge is the enemy of fear
The How's and Why's of Gold Priced Manipulation
Please show me an exact trade trade taking place at an exact time or any time in 2011 when "the Fed ordered it's bullion banks to sell short".
I do get so much enjoyment out of uneducated conjecture. Apparently this forum does too. Whoohoo. Spring has sprung.
Knowledge is the enemy of fear
The How's and Why's of Gold Priced Manipulation
Please show me an exact trade trade taking place at an exact time or any time in 2011 when "the Fed ordered it's bullion banks to sell short".
I do get so much enjoyment out of uneducated conjecture. Apparently this forum does too. Whoohoo. Spring has sprung.
You have to love a good conspiracy especially when it involves the FED manipulating the gold market
The How's and Why's of Gold Priced Manipulation
Please show me an exact trade trade taking place at an exact time or any time in 2011 when "the Fed ordered it's bullion banks to sell short".
I do get so much enjoyment out of uneducated conjecture. Apparently this forum does too. Whoohoo. Spring has sprung.
Fairly certain the FED doesn't say "take it down, right now." Pretty much sure they have given the green light to letting it build to a predetermined cap and then knocking it down at the discretion of those who, with no threat of prosecution for manipulating the market, get to reap the profits. . . profits acquired in both price directions.
Do not lose sight of the fact that these big banks in reality are the owners of the FED. The same FED that is one of the primary regulators of these banks. So, in a nutshell the regulators are owned by the regulated. Not much different than the rest of America's free market system.
"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
Here we go again!! Up 1.5% today.
Gold Solidly Higher On Safe-Haven Demand, Technical
100
edited to add: up 1.25% Today(Friday)!