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Old 08-29-2013, 15:33   #1
Glocksanity
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$55,000 Gold...How it happens

FOFOA really does a good job of explaining how this happens.

http://fofoa.blogspot.com/2013/08/five.html

The BIS basically wakes up one day and says, 'Hey, we buy gold for $55,000 and we sell it for $56,000.

Boom. Paper markets for gold at $1,400 collapses and we have a new price for gold.

Bread is still $2 a loaf. Gas is still $4 a gallon. And everyone holding gold gets a nice bump in real wealth.

Why does the BIS do this? Read the article and find out!!
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Old 08-29-2013, 15:34   #2
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Old 08-29-2013, 15:35   #3
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Ok, sure.
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Old 08-29-2013, 15:39   #4
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Well, I'm going to sell blue waffle grade hookers for $4500 per hour... any takers?
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Old 08-29-2013, 15:40   #5
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Discount for two?
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Old 08-29-2013, 15:42   #6
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No, 4 is a party.
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I want rustlers, cut throats, murderers, bounty hunters, desperados, mugs, pugs, thugs, nitwits, halfwits, dimwits, vipers, snipers, con men, Indian agents, Mexican bandits, muggers, buggerers, bushwhackers, hornswogglers, horse thieves, bull dykes, train robbers, bank robbers, ass-kickers, s**t-kickers, Methodists, and the GTDS.
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Old 08-29-2013, 16:15   #7
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Ok, sure.
Wow, you read the whole article in two minutes? You must have mad reading and comprehension skills.
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Old 08-29-2013, 16:18   #8
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I have mad BS detecting skills.
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Old 08-29-2013, 16:19   #9
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Originally Posted by Glocksanity View Post
FOFOA really does a good job of explaining how this happens.

http://fofoa.blogspot.com/2013/08/five.html

The BIS basically wakes up one day and says, 'Hey, we buy gold for $55,000 and we sell it for $56,000.

Boom. Paper markets for gold at $1,400 collapses and we have a new price for gold.

Bread is still $2 a loaf. Gas is still $4 a gallon. And everyone holding gold gets a nice bump in real wealth.

Why does the BIS do this? Read the article and find out!!
Dude, you are a 5150 candidate.
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Old 08-29-2013, 16:21   #10
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A major asset class goes up 3900% and the price of everything else remains the same? Not worth reading.
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Old 08-29-2013, 16:50   #11
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Hey, I'm just trying to give some Glockers a heads up on securing their financial future.

A word to the wise is sufficient.
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Old 08-29-2013, 16:57   #12
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Hey, I'm just trying to give some Glockers a heads up on securing their financial future.

A word to the wise is sufficient.
What book / site / membership are you trying to sell?
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Old 08-29-2013, 16:57   #13
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Hey, I'm just trying to give some Glockers a heads up on securing their financial future.

A word to the wise is sufficient.
Haaaaaaaaaaaahahaha
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Old 08-29-2013, 17:01   #14
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So now the world currency markets WON'T collapse? I'm having a hard time keeping up.
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Old 08-29-2013, 17:04   #15
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Okay... In very simple term, if your gold all of a sudden had a price of 55k oz, would you not exchange some if your gold for something else? If not you, wouldn't the other who own gold?

What do you think would happen when the supply of gold for sale skyrockets?

When gold somehow rockets up to that number, I would not be able to afford as much of it, and there are many other assets I could purchase which are relatively cheaper. There would be much less demand for gold. What do you think would happen then?

Last edited by hpracing007; 08-29-2013 at 17:04..
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Old 08-29-2013, 17:04   #16
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So now the world currency markets WON'T collapse? I'm having a hard time keeping up.
That's okay. The only thing worth keeping up, well other than that thing, is your stack of gold.
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Old 08-29-2013, 17:24   #17
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Okay... In very simple term, if your gold all of a sudden had a price of 55k oz, would you not exchange some if your gold for something else? If not you, wouldn't the other who own gold?

What do you think would happen when the supply of gold for sale skyrockets?

When gold somehow rockets up to that number, I would not be able to afford as much of it, and there are many other assets I could purchase which are relatively cheaper. There would be much less demand for gold. What do you think would happen then?
Yup. IF that happened, prices would drop very quickly as there would be no liquidity.
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Old 08-29-2013, 17:39   #18
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Okay... In very simple term, if your gold all of a sudden had a price of 55k oz, would you not exchange some if your gold for something else? If not you, wouldn't the other who own gold?

What do you think would happen when the supply of gold for sale skyrockets?

When gold somehow rockets up to that number, I would not be able to afford as much of it, and there are many other assets I could purchase which are relatively cheaper. There would be much less demand for gold. What do you think would happen then?
Actually, that is a very good question! And your reasoning is right on. This is all about getting gold to flow.

What most people don't realize is that the flow of gold is getting reduced to zero. I am not talking about a little bullion here and there, I am talking about the real wealth accumulation of bullion by nations, oil producers, and the giants of wealth in the world. At current prices it is getting frozen and the only way to get gold flowing again is to raise its price in real terms, not just notional terms. That is why it must rise while everything else stays the same in price.

Gold must flow. That concept is not taught in the West so it is foreign to economic theory here. But soon gold flow will come to a standstill and the only way to release it is to jack up the price. And with all the money printing of the last twenty years, $55,000 is about the right price for gold to get moving again.

Read the article for a much much better explanation.
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Old 08-29-2013, 17:40   #19
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Y'all are wasting your time with the goldbug. He won't budge from his fantasy position.
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Old 08-29-2013, 17:41   #20
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Yup. IF that happened, prices would drop very quickly as there would be no liquidity.
The article addresses exactly what you are talking about.

But what you don't realize is that most gold is not currently moving at the low paper prices of today.

Read the article and you will realize that at $55,000, there actually will be liquidity where it really matters, among the giants!
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Old 08-29-2013, 17:47   #21
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Everyone asserts that there can be no radical (by today's market rate) upheaval in the price of precious metals, and yet the counterpoint is still:


what defines the limits of (the ongoing) devaluation of the dollar?



.
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Old 08-29-2013, 17:50   #22
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Backup has arrived.
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Old 08-29-2013, 17:51   #23
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Well, I'm going to sell blue waffle grade hookers for $4500 per hour... any takers?
Since this is a money/investment thread (of sorts), let me do the math

At $4500 an hour, that's $75 a minute. At 90 seconds per "incident" that's
$112.50 per said "incident"

or

dinner for 2 with a couple drinks at "the olive garden"
$75 including tip
movie for 2 with popcorn and soda
$45

repeat for second date, maybe 3rd

forget it.... can you get me the phone number of the Blue Waffle?
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Old 08-29-2013, 17:51   #24
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Backup has arrived.

You care to field the question then I assume?
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Old 08-29-2013, 17:55   #25
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Backup has arrived.
At least read the article and make an intelligent rebuttal to the arguments on why this will happen.

To just dismiss it out of hand suggests ignorance rather than an honest intellectual examination into the argument.
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