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Who is talking inflation?

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    #11
    We are told by the MSM that the sale of $650
    million worth of Cypriot Gold has just caused a
    3 % drop in the price of Gold (and more than 5%
    in Silver). Is this credible?
    The Fed is creating $85 billion per month or close
    to $3 billion per day, 24/7. The Cypriot Gold at is
    only 1/5th of what our Fed prints EVERY day!
    The U.S. Treasury borrows some $4 billion per
    day to keep our well oiled economic engine
    running, ALL of the Cypriot Gold is about 1/7th of
    what the U.S. borrows each and EVERY day.
    Last month, China imported from Hong Kong
    alone some 97 tons or roughly 7 times the amount
    of Cyprus’s total Gold holdings, the Cypriot Gold
    is a mere 4 days worth of imports. One other way
    to look at this is that 14 tons is about 6 tenths of 1
    percent of the global production of Gold for 1
    year…it is nothing. No, $650 million in today’s
    world is LESS THAN NOTHING!
    2013 Silver Eagles
    (Available For Now) at SDBullion!

    By Bill Holter, Miles Franklin Ltd,:
    I had not planned any commentary this weekend
    but with Gold “down” $65 per ounce I will put my 2
    cents in. As you know, I called “bottom” about 5
    weeks ago the first time we hit $1,550 then again
    about 2 weeks ago on the retest of those levels.
    They were broken decisively Friday. The “reason”
    for Wednesdays sell off of $25? And the reason
    given for today’s $65 by the CNBC know
    nothings? ……..Cyprus!
    Yep, Cyprus may sell ALL of their Gold and
    swamp the market! This weeks price action is
    merely “front running” these sales in order to get
    out before the price is CRUSHED! But wait,
    Cyprus has less than 14 tons of Gold…this is
    worth some $650 million (yes, with an “M”) yet
    they have an updated shortfall of some $23 billion
    (with a “b”) so how does selling their Gold fix their
    problems? Well obviously it does not even
    amount to a drop in the bucket as it is only 3% or
    so of what capital they will need to raise!
    Let me put this into perspective for you in a
    couple of different ways. The Fed is creating $85
    billion per month or close to $3 billion per day,
    24/7. The Cypriot Gold is only 1/5th of what our
    Fed prints EVERY day! The U.S. Treasury
    borrows some $4 billion per day to keep our well
    oiled economic engine running, ALL of the Cypriot
    Gold is about 1/7th of what the U.S. borrows each
    and EVERY day. Last month, China imported
    from Hong Kong alone some 97 tons or roughly 7
    times the amount of Cyprus’s total Gold holdings,
    the Cypriot Gold is a mere 4 days worth of
    imports. One other way to look at this is that 14
    tons is about 6 tenths of 1 percent of the global
    production of Gold for 1 year…it is nothing. No,
    $650 million in today’s world is LESS THAN
    NOTHING!
    So, we are told that the sale of $650 million worth
    of Gold has just caused a 3 % drop in the price of
    Gold (and more than 5% in Silver). Is this
    credible? And if it had any credibility at all, this is
    Gold being sold, not Silver so why would Silver,
    platinum, palladium and even copper be sold off?
    I will leave you with a few questions that I won’t
    answer because the answers are too obvious. Do
    you really believe that holders of physical metal
    would part with their metal if they knew something
    bad like a system wide banking failure was
    imminent? Or a (another) sovereign was going to
    default? Or some whackos were going to start
    lobbing nuclear weapons up in the air? Would
    physical holders sell (in panic fashion no less)
    because a “treasure” was found or some new
    mine opened that had 14 tons of Gold?
    Do you see the lack of logic here? Literally $
    trillions in paper monies are being put into the
    system and Gold is not only finite, it is scarce to
    begin with. More physical has been purchased
    than produced over the last at least 20 years so
    we know that “inventories” are shrinking. Do you
    not think that the Chinese would like to take an
    extra 14 tons into their hoard? How about the
    Indians? There are reports of shortages of Gold
    in south India, wouldn’t they like this 14 tons to
    alleviate the shortage?
    Or, maybe I’m reading this thing the wrong way.
    Maybe investors are selling their paper Gold
    because they suddenly realized that it has no
    backing. Maybe they will sell it all the way down
    to its intrinsic value…ZERO! All I can say is that
    in the past whenever Gold was sold off in violent
    fashion, we soon found out about another BIG
    problem that was brewing behind the scenes.
    This is my bet, something big, REALLY BIG is
    collapsing out of sight of the public’s eye and we
    will only learn of it after the fact.
    By the way, when the markets close there will be
    a period of time where no one has a clue about
    what the “price of Gold” is. The only thing you will
    know is whether you have it or not.
    Regards, Bill H.

    Comment


      #12
      http://silverdoctors.com/
      Site is really busy.

      Comment


        #13
        $2500 gold will be in the same boat as $15 corn, $20 beans, $150 oil. - la la land for many years. Everytime retarded highs get mantioned the market collapsess. It's how very few make alot and many loose.

        Comment


          #14
          Isn't that the truth. We are all real smart after the
          fact.

          Comment


            #15
            agree parsley . . . the Cypriot gold sale
            is a drop in the bucket and a bunch of BS
            when blamed for the impact of the gold
            price drop. This was a broad-based global
            deflationary commodity market sell-off.

            Comment


              #16
              Errol post war Germany is a text book example of
              how money printing caused hyper inflation. Not
              deflation. Cash was king only if you were talking
              about wallpaper. And as far as Japan goes they
              are just starting to attempt massive easing. Abu-
              nomics. They will basically print enough to
              convince even the seniors that cash is not king.
              Monitary and fiscal stimulus promotes asset
              bubbles and the central banks can't see it this
              time because they are in the middle of the asset
              bubble-bonds.

              Comment


                #17
                I'll give you one thing Errol,your starting to
                understand the magnitude of the situation.

                My disagrement is on how everyone reacts.

                Here is a very simple but true analogy.

                The saskatchewan teachers pension plan is unfunded
                by 5.4 billion dollars.

                There are a about 1000 active members paying in.

                15000 members collecting payment.

                3000 inactive members.

                (these numbers are from memory not 100% accurate)

                So we know there is no way out,its an obvious ponzi
                which i doubt 1 in 100 active teachers realize(oh the
                irony of the people that teach our children are so
                blind).

                The funds they are putting in will not be there for
                them,this simple fact is what is going on in every
                sector of the overall economy.

                Now what will happen?

                The teachers will accept in the near future a right
                down of future benefits,while contributing the same?

                The pensioners will accept right downs?

                Or will all those women end up at the legislature with
                a rope with brad wall's name on it?

                And all the OTHER funding needs of the government
                will need to be met.

                The people will vote to print?

                Comment


                  #18
                  Annual price increases, always cause
                  inflation in Comedia. Prices a tvs en
                  lectronics down ta offset, hence gobermont
                  claim no inflation. Gas, oil, food, up,
                  way up, butt thats core inflation, hence
                  don/t count cousin it ain't real accordin
                  ta gobermont, eh fharperenritz..........

                  Comment


                    #19
                    Burpfart, get lost. Now you will have time to go
                    back to grade 1.

                    Comment


                      #20
                      A good example and wouldn't this be a hot topic
                      thread cotton.
                      How many of the early retiring pensioners retire
                      early, take another job and technically double dip
                      for another decade or two?
                      People live longer, and seem to retire earlier.
                      Collect more than they pay in.

                      The system is flawed, not just the formula
                      calculated through contract negotiation, but the
                      lack ability to adjust. How many long term land
                      rental agreements are there? They are usually
                      "shortterm" for a reason.

                      Relax teachers, highway workers, etc. its not all
                      your fault. Society, entitlement learned and
                      entrenched behaviour through election and
                      contract negotiation.

                      Comment

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