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$55,000 Gold...How it happens

Discussion in 'The Okie Corral' started by Glocksanity, Aug 29, 2013.

  1. 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!!
     

  2. NeverMore1701

    NeverMore1701 Fear no Evil Platinum Member

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  3. Angry Fist

    Angry Fist Dehumanizer® Lifetime Member

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    Well, I'm going to sell blue waffle grade hookers for $4500 per hour... any takers?
     
  4. NeverMore1701

    NeverMore1701 Fear no Evil Platinum Member

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  5. Angry Fist

    Angry Fist Dehumanizer® Lifetime Member

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  6. Wow, you read the whole article in two minutes? You must have mad reading and comprehension skills.
     
  7. NeverMore1701

    NeverMore1701 Fear no Evil Platinum Member

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    I have mad BS detecting skills.
     
  8. .264 magnum

    .264 magnum CLM

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    Dude, you are a 5150 candidate.
     
  9. hpracing007

    hpracing007

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    A major asset class goes up 3900% and the price of everything else remains the same? Not worth reading.
     
  10. Hey, I'm just trying to give some Glockers a heads up on securing their financial future.

    A word to the wise is sufficient.
     
  11. KevinFACE

    KevinFACE

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    What book / site / membership are you trying to sell?
     
  12. NeverMore1701

    NeverMore1701 Fear no Evil Platinum Member

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    Haaaaaaaaaaaahahaha :rofl::rofl::rofl::rofl::rofl:
     
  13. Dennis in MA

    Dennis in MA Get off my lawn

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    So now the world currency markets WON'T collapse? I'm having a hard time keeping up.
     
  14. hpracing007

    hpracing007

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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: Aug 29, 2013
  15. That's okay. The only thing worth keeping up, well other than that thing, is your stack of gold.
     
  16. Dennis in MA

    Dennis in MA Get off my lawn

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    Yup. IF that happened, prices would drop very quickly as there would be no liquidity.
     
  17. 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.
     
  18. Y'all are wasting your time with the goldbug. He won't budge from his fantasy position.
     
  19. 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!