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scaredyclassic.
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September 21, 2009 at 8:16 AM #460453September 21, 2009 at 8:44 AM #459660
blahblahblah
ParticipantGuess who wants to buy IMFs gold…?
Yes, let’s read the headline shall we:
China is considering buying gold being offered for sale by the International Monetary Fund, Market News International said on Monday, citing two unnamed government sources, but the report could not immediately be confirmed.
China IS CONSIDERING…citing two UNNAMED GOVERNMENT SOURCES…COULD NOT IMMEDIATELY BE CONFIRMED.
This article is content-free. Sounds to me like a sheep dog barking at the herd and getting them to run into a pen.
I’m not saying that gold isn’t going up or that there aren’t good reasons for it to do so, I’m just saying that this article sounds like hype intended to stir interest among a group of investors to push it that way.
Of course this is not investment advice, take it as you wish…
September 21, 2009 at 8:44 AM #459853ParticipantGuess who wants to buy IMFs gold…?
Yes, let’s read the headline shall we:
China is considering buying gold being offered for sale by the International Monetary Fund, Market News International said on Monday, citing two unnamed government sources, but the report could not immediately be confirmed.
China IS CONSIDERING…citing two UNNAMED GOVERNMENT SOURCES…COULD NOT IMMEDIATELY BE CONFIRMED.
This article is content-free. Sounds to me like a sheep dog barking at the herd and getting them to run into a pen.
I’m not saying that gold isn’t going up or that there aren’t good reasons for it to do so, I’m just saying that this article sounds like hype intended to stir interest among a group of investors to push it that way.
Of course this is not investment advice, take it as you wish…
September 21, 2009 at 8:44 AM #460186ParticipantGuess who wants to buy IMFs gold…?
Yes, let’s read the headline shall we:
China is considering buying gold being offered for sale by the International Monetary Fund, Market News International said on Monday, citing two unnamed government sources, but the report could not immediately be confirmed.
China IS CONSIDERING…citing two UNNAMED GOVERNMENT SOURCES…COULD NOT IMMEDIATELY BE CONFIRMED.
This article is content-free. Sounds to me like a sheep dog barking at the herd and getting them to run into a pen.
I’m not saying that gold isn’t going up or that there aren’t good reasons for it to do so, I’m just saying that this article sounds like hype intended to stir interest among a group of investors to push it that way.
Of course this is not investment advice, take it as you wish…
September 21, 2009 at 8:44 AM #460259ParticipantGuess who wants to buy IMFs gold…?
Yes, let’s read the headline shall we:
China is considering buying gold being offered for sale by the International Monetary Fund, Market News International said on Monday, citing two unnamed government sources, but the report could not immediately be confirmed.
China IS CONSIDERING…citing two UNNAMED GOVERNMENT SOURCES…COULD NOT IMMEDIATELY BE CONFIRMED.
This article is content-free. Sounds to me like a sheep dog barking at the herd and getting them to run into a pen.
I’m not saying that gold isn’t going up or that there aren’t good reasons for it to do so, I’m just saying that this article sounds like hype intended to stir interest among a group of investors to push it that way.
Of course this is not investment advice, take it as you wish…
September 21, 2009 at 8:44 AM #460458ParticipantGuess who wants to buy IMFs gold…?
Yes, let’s read the headline shall we:
China is considering buying gold being offered for sale by the International Monetary Fund, Market News International said on Monday, citing two unnamed government sources, but the report could not immediately be confirmed.
China IS CONSIDERING…citing two UNNAMED GOVERNMENT SOURCES…COULD NOT IMMEDIATELY BE CONFIRMED.
This article is content-free. Sounds to me like a sheep dog barking at the herd and getting them to run into a pen.
I’m not saying that gold isn’t going up or that there aren’t good reasons for it to do so, I’m just saying that this article sounds like hype intended to stir interest among a group of investors to push it that way.
Of course this is not investment advice, take it as you wish…
September 21, 2009 at 9:30 AM #459675Arraya
ParticipantTrue, however it would fit a pattern. Also, I don’t think China is infected with the same magical infinite-debt fiat thinking as the west is. As much as we probably tried.
Sure, lots of gold bugs barking and for good reason.
Personally, I’m not a gold bug, though I do hold gold because debt based fiat in an exponentially population increasing, resource depleting world is a physical impossibility and an inherently unstable model. If it’s not gold, big money will flow to arable land and resources as our funny money becomes irrelevant. I don’t think we are there yet, so I’ll stick with gold, for now.
No matter which way you look at it you can’t have infinite growth in a finite world which our monetary system demands.
Or maybe we live in a virtual world and physics does not matter and infinite debt does mean infinite wealth. However, for now, I will stick with thermodynamics over our monetary systems needs.
*Disclaimer: I think 99% of economist are quacks and analogous to medieval court astronomers.
‘
September 21, 2009 at 9:30 AM #459867ParticipantTrue, however it would fit a pattern. Also, I don’t think China is infected with the same magical infinite-debt fiat thinking as the west is. As much as we probably tried.
Sure, lots of gold bugs barking and for good reason.
Personally, I’m not a gold bug, though I do hold gold because debt based fiat in an exponentially population increasing, resource depleting world is a physical impossibility and an inherently unstable model. If it’s not gold, big money will flow to arable land and resources as our funny money becomes irrelevant. I don’t think we are there yet, so I’ll stick with gold, for now.
No matter which way you look at it you can’t have infinite growth in a finite world which our monetary system demands.
Or maybe we live in a virtual world and physics does not matter and infinite debt does mean infinite wealth. However, for now, I will stick with thermodynamics over our monetary systems needs.
*Disclaimer: I think 99% of economist are quacks and analogous to medieval court astronomers.
‘
September 21, 2009 at 9:30 AM #460201ParticipantTrue, however it would fit a pattern. Also, I don’t think China is infected with the same magical infinite-debt fiat thinking as the west is. As much as we probably tried.
Sure, lots of gold bugs barking and for good reason.
Personally, I’m not a gold bug, though I do hold gold because debt based fiat in an exponentially population increasing, resource depleting world is a physical impossibility and an inherently unstable model. If it’s not gold, big money will flow to arable land and resources as our funny money becomes irrelevant. I don’t think we are there yet, so I’ll stick with gold, for now.
No matter which way you look at it you can’t have infinite growth in a finite world which our monetary system demands.
Or maybe we live in a virtual world and physics does not matter and infinite debt does mean infinite wealth. However, for now, I will stick with thermodynamics over our monetary systems needs.
*Disclaimer: I think 99% of economist are quacks and analogous to medieval court astronomers.
‘
September 21, 2009 at 9:30 AM #460273ParticipantTrue, however it would fit a pattern. Also, I don’t think China is infected with the same magical infinite-debt fiat thinking as the west is. As much as we probably tried.
Sure, lots of gold bugs barking and for good reason.
Personally, I’m not a gold bug, though I do hold gold because debt based fiat in an exponentially population increasing, resource depleting world is a physical impossibility and an inherently unstable model. If it’s not gold, big money will flow to arable land and resources as our funny money becomes irrelevant. I don’t think we are there yet, so I’ll stick with gold, for now.
No matter which way you look at it you can’t have infinite growth in a finite world which our monetary system demands.
Or maybe we live in a virtual world and physics does not matter and infinite debt does mean infinite wealth. However, for now, I will stick with thermodynamics over our monetary systems needs.
*Disclaimer: I think 99% of economist are quacks and analogous to medieval court astronomers.
‘
September 21, 2009 at 9:30 AM #460473ParticipantTrue, however it would fit a pattern. Also, I don’t think China is infected with the same magical infinite-debt fiat thinking as the west is. As much as we probably tried.
Sure, lots of gold bugs barking and for good reason.
Personally, I’m not a gold bug, though I do hold gold because debt based fiat in an exponentially population increasing, resource depleting world is a physical impossibility and an inherently unstable model. If it’s not gold, big money will flow to arable land and resources as our funny money becomes irrelevant. I don’t think we are there yet, so I’ll stick with gold, for now.
No matter which way you look at it you can’t have infinite growth in a finite world which our monetary system demands.
Or maybe we live in a virtual world and physics does not matter and infinite debt does mean infinite wealth. However, for now, I will stick with thermodynamics over our monetary systems needs.
*Disclaimer: I think 99% of economist are quacks and analogous to medieval court astronomers.
‘
September 21, 2009 at 9:31 AM #4596794plexowner
ParticipantConcho, if you had studied the precious metals markets in depth you would know that the IMF has been threatening to sell this same 400 tons of gold for at least 20 years now and it has yet to be sold
so, yes, you are very correct to think that IMF gold sales are meant to manipulate the market
if you really studied in depth you would find that these threats to sell the IMF gold, coincidentally, seem to occur when gold is threatening to break above some level that the central banks / TPTB have decided to defend
as you can see by observing your own behavior, the IMF threat has done exactly what it was intended to do, which is to steer you away from going long in the precious metals market
some analysts think the IMF sale may actually occur this time – who knows, history says otherwise
China would love to buy this gold – they’d get a single price for 400 tons without driving the gold market price up – will China be allowed to purchase this gold? that’s another question since the US has final say-so over selling any IMF gold and the US and China are currently in a pissing war
September 21, 2009 at 9:31 AM #459872ParticipantConcho, if you had studied the precious metals markets in depth you would know that the IMF has been threatening to sell this same 400 tons of gold for at least 20 years now and it has yet to be sold
so, yes, you are very correct to think that IMF gold sales are meant to manipulate the market
if you really studied in depth you would find that these threats to sell the IMF gold, coincidentally, seem to occur when gold is threatening to break above some level that the central banks / TPTB have decided to defend
as you can see by observing your own behavior, the IMF threat has done exactly what it was intended to do, which is to steer you away from going long in the precious metals market
some analysts think the IMF sale may actually occur this time – who knows, history says otherwise
China would love to buy this gold – they’d get a single price for 400 tons without driving the gold market price up – will China be allowed to purchase this gold? that’s another question since the US has final say-so over selling any IMF gold and the US and China are currently in a pissing war
September 21, 2009 at 9:31 AM #460206ParticipantConcho, if you had studied the precious metals markets in depth you would know that the IMF has been threatening to sell this same 400 tons of gold for at least 20 years now and it has yet to be sold
so, yes, you are very correct to think that IMF gold sales are meant to manipulate the market
if you really studied in depth you would find that these threats to sell the IMF gold, coincidentally, seem to occur when gold is threatening to break above some level that the central banks / TPTB have decided to defend
as you can see by observing your own behavior, the IMF threat has done exactly what it was intended to do, which is to steer you away from going long in the precious metals market
some analysts think the IMF sale may actually occur this time – who knows, history says otherwise
China would love to buy this gold – they’d get a single price for 400 tons without driving the gold market price up – will China be allowed to purchase this gold? that’s another question since the US has final say-so over selling any IMF gold and the US and China are currently in a pissing war
September 21, 2009 at 9:31 AM #460278ParticipantConcho, if you had studied the precious metals markets in depth you would know that the IMF has been threatening to sell this same 400 tons of gold for at least 20 years now and it has yet to be sold
so, yes, you are very correct to think that IMF gold sales are meant to manipulate the market
if you really studied in depth you would find that these threats to sell the IMF gold, coincidentally, seem to occur when gold is threatening to break above some level that the central banks / TPTB have decided to defend
as you can see by observing your own behavior, the IMF threat has done exactly what it was intended to do, which is to steer you away from going long in the precious metals market
some analysts think the IMF sale may actually occur this time – who knows, history says otherwise
China would love to buy this gold – they’d get a single price for 400 tons without driving the gold market price up – will China be allowed to purchase this gold? that’s another question since the US has final say-so over selling any IMF gold and the US and China are currently in a pissing war
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