Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum -- Ignore unavailable to you. Want to Upgrade?

To: Kona who wrote (94907)	9/23/2012 6:31:57 PM
From: TobagoJack	1 Recommendation Respond to of 217546

Re gold chronicle and fake gold (1) just pondering out loud, whistling while crossing the cemetery, I am guessing that much shall change in the gold arena as the essential faith metal becomes (i) more dear in ex-mill pricing (ii) more costly to get less from the ground per 'peak gold' (iii) more wanted by the banks as tier one capital (iv) more trusted by the regulators and clients and counterparties as risk-free reserve, (v) more treasured by the natives around the mines as legacy wealth, (vi) more appreciated by women (vii) more adored by men (viii) less available er hoarding of good money (ix) better understood by all that gold has no correct price, but that which a bid meets an ask (2) for example, should a bank newly establish itself on Vatican grounds with the charter that 80% of its own capital shall be free-n-clear gold stored by the Vatican and backed by god's workers, and that the bank shall not engage in proprietary trading, and shall restrict itself to only the utility of money deposit and money movement for and on behalf of customers, and invest as directed by customers, such a bank would grow n client count as a fire would spread on a parched prairie (3) as gold gets more dear relative to paper, and as the macro heats up toward fahrenheit 451, more shall attempt to fake gold, and the gold trade shall change. Those counterparties refusing to change shall perish in alignment with good vs bad monies as the good wins the night and then the day, from freedom hong kong to elsewhere Chicago, somewhere else New York, and hong kong-controlled London traders. (4) plenty of fake gold traded over the global exchanges ... In fact most traded gold are, by degree, fakes, and not many called out the fake. Instead we know the fake gold as paper gold, December gold, march gold, option gold, future gold, and lately but only dimly, rehypothecated gold. The tungsten gold cockroach puts all but real solid physical essential monetary metal in danger. For when folks doubt one fake gold, they in time shall guess about all fake golds, even as they embrace and drive up the worth of real gold of genuine merit. (5) when bad milk powder made appearance on mainland china, all dairy products in all forms came under suspicion. Hong kong milk powder inflation got horrible, at perhaps usd 125 per standard can of powder, direct from wherever but overseas. When Japan's powder went radioactive, hong kong powder inflation went to usd 150 per can. Luckily our fat jack only thinks of milk as organic rice milk and oat's milkpowder from new Zealand, neither of which were desired by mainlanders and so remained economic. When we were in France over the summer the fat jack rejected fresh goat milk from neighborhood farm with simple but cogent dismissal, "water", and we had to ration the ever more precious, dwindling and locally unavailable powder to mix in w/ the fresh goat milk to last out the trip. Jack only had his first ice cream this summer. Before he only knew icecream as yogurt as that be what we let him have whenever we ourselves partake in icecream. Now he knows. Here be pic of fat jack's very first icecream Question: do you believe the fat jack will ever settle for yogurt when icecream is served to others ;0) Answer: jack is a lot of adjectives, but stupid is not one of them. (6) in hong kong folks mostly buy gold directly from the banks, and sold back the same way. One can have one's saving a/c denominated in gold or any of or mix of perhaps 9-12 currencies. Should one wish to take physical 'cash', one just carry out some standard bars from established mint backed by receipt of bank tagged to the serial number. In USA folks buy gold this inherently dangerous way, a non-monetary way just screaming for trouble even if only for coins ... This way shall perish as gold becomes monetary Most Americans do not know gold. And of the few that believe they know gold, many do not know it as bankable monetary goodness, but as something bought from non-descript shops in questionable neighborhoods and to be brown-paper bagged. That indignified state of alcohol-drugs-porn trade shall change for the better. Once so, remember and remind me, we unload.