hello pezz, afternoon report:
- had lunch with banker, talked gold that will be, depression that must not be, and
- takeaway from banker is that banks cannot trust each other's balance sheets, and are uncertain of each other's longevity beyond any weekend
- central banks must step in as guarantor, else we all fry
- had meeting with aussie buddy, talked gold, depression, opportunities, reflexivity, and
- observed all the slinkily dressed women in the pacific mall, parading past grapas open frontage
- talk dirty, about coming opportunities
- takeaway is that the good (in profit) derivatives cannot be closed due to counterparties unwillingness, and bad derivatives have no value - derivative nuke is about to go kaboom over some soon-enugh-to-be weekend
- talked about two sisters in manila
- had some iced chocolate
- aussie may get management of public company, so i put in my marker as trusted and hired gun if it is worthwhile, just in case
- went to hang seng bank, after doing more on-line paper gold purchases, to line up like financial refugees
- again, like yesterday, another western financial type buying gold wafers (not as fungible as bullion coins; but he did have to use his attache case to carry the pile of wafers) at the next counter. We conversed, as i bought out the last inventory of aussie bullion 1 oz coins, and had to make do with some smaller denomination
- for non-customers, quota for physical gold purchase is now 50% less than before, at usd 12k worth. didn't matter, as the gabillion dollar had only 9 kangaroos to sell
- chatted with the other buyer, and as strange as yesterday with the kiwi couple buying gold, the comradeship is genuine
- all eyes on the G3 to be followed by G20 within these 7+/- days
Watch and brief
Cheers, tj
P.s. Gold is still cheap, buygold |
