CNBC: Published: Monday, 29 Aug 2011
3:34 PM ET
By: Bob Pisani
How can an investor get into gold? Let's start with the obvious. LINK...
Wednesday, August 31, 2011
Monday, August 29, 2011
Friday, August 26, 2011
Gold Margin Raised 27% on COMEX
Bloomberg
By Debarati Roy and Pham-Duy Nguyen - Aug 24, 2011 6:32 PM ET
CME Group Inc. raised the margin requirements on gold trading at its Comex unit for the second time this month, after prices surged to a record above $1,900 an ounce and then plunged today by the most since March 2008.
The minimum cash deposit for borrowing from brokers to trade gold futures will rise 27 percent to $9,450 per 100-ounce contract in the speculative Tier 1 category at the close of trading tomorrow, Chicago-based CME said in a statement. On Aug. 11, the increase by the exchange was 22 percent to $7,425. The cost of one contract after today’s close was $175,730. The maintenance margin will rise to $7,000 from $5,500. LINK...
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Why bother with margin in this volatility? Just buy the physical metal fully paid for and aviod the stress. Eventually if they keep raising margins we will have a strictly physical market. BK
By Debarati Roy and Pham-Duy Nguyen - Aug 24, 2011 6:32 PM ET
CME Group Inc. raised the margin requirements on gold trading at its Comex unit for the second time this month, after prices surged to a record above $1,900 an ounce and then plunged today by the most since March 2008.
The minimum cash deposit for borrowing from brokers to trade gold futures will rise 27 percent to $9,450 per 100-ounce contract in the speculative Tier 1 category at the close of trading tomorrow, Chicago-based CME said in a statement. On Aug. 11, the increase by the exchange was 22 percent to $7,425. The cost of one contract after today’s close was $175,730. The maintenance margin will rise to $7,000 from $5,500. LINK...
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Why bother with margin in this volatility? Just buy the physical metal fully paid for and aviod the stress. Eventually if they keep raising margins we will have a strictly physical market. BK
Tuesday, August 23, 2011
Gold $3,000?
Aug. 23, 2011, 12:00 a.m. EDT
By Brett Arends, MarketWatch
Meanwhile, it still confronts a giant wall of skepticism. I hadn’t realized just how much skepticism was out there until I went on leave. During the summer’s financial crisis, pretty much every mainstream personal finance expert I saw on TV parroted the same line: “Gold is over,” “It’s too late to get into gold,” “Don’t buy gold at these levels,” and so on.
Hardly anybody owns gold. The assets of the Gold Trust ETF are still trivial compared to the trillions held in equities and bonds. Four times as much money is held in Apple (NASDAQ:AAPL) stock alone as in the entire GLD.
At a recent conference of about 40 investment commentators and gurus, I asked how many people in the room actually owned any gold in their portfolios. Just two of us raised their hands.
Very few mutual funds own gold. Even most “precious metals” funds only touch mining stocks, not the metal. Your typical “balanced fund” or “asset allocation” fund has no gold. If you want to have, say, 5% of your portfolio in precious metals you need to add it yourself. LINK...
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"Gold is money. Everything else is credit." J.P. Morgan
Many still don't get-it!
Gold cannot be in a bubble because it's pure honest money. It cannot be inflated beyond reasonable accounts because it's finite. Sure you can create paper that represents gold like ETF's, certificates and mutual funds etc. But physical gold bullion is NOT a paper asset and cannot be created at will. The supply of gold IS what it IS, it cannot be expanded beyond it's physical domain. Gold is like land, there is only so much available on this earth and that's it, no more! You can't say land is in a "bubble?" The bubble is in fiat currencies, especially the USD. This is where the expansion is taking place, not in gold. Gold is just a rare, beautiful, fungible and shiny piece of metal that has historically been used as a medium of exchange, or MONEY. It is not an investment, it is a reserve. So it doesn't make sense to compare gold to other investments. As for the value of gold, that no one seems to know what it's worth; WATCH THIS VIDEO...LINK
By Brett Arends, MarketWatch
Meanwhile, it still confronts a giant wall of skepticism. I hadn’t realized just how much skepticism was out there until I went on leave. During the summer’s financial crisis, pretty much every mainstream personal finance expert I saw on TV parroted the same line: “Gold is over,” “It’s too late to get into gold,” “Don’t buy gold at these levels,” and so on.
Hardly anybody owns gold. The assets of the Gold Trust ETF are still trivial compared to the trillions held in equities and bonds. Four times as much money is held in Apple (NASDAQ:AAPL) stock alone as in the entire GLD.
At a recent conference of about 40 investment commentators and gurus, I asked how many people in the room actually owned any gold in their portfolios. Just two of us raised their hands.
Very few mutual funds own gold. Even most “precious metals” funds only touch mining stocks, not the metal. Your typical “balanced fund” or “asset allocation” fund has no gold. If you want to have, say, 5% of your portfolio in precious metals you need to add it yourself. LINK...
***********************************
"Gold is money. Everything else is credit." J.P. Morgan
Many still don't get-it!
Gold cannot be in a bubble because it's pure honest money. It cannot be inflated beyond reasonable accounts because it's finite. Sure you can create paper that represents gold like ETF's, certificates and mutual funds etc. But physical gold bullion is NOT a paper asset and cannot be created at will. The supply of gold IS what it IS, it cannot be expanded beyond it's physical domain. Gold is like land, there is only so much available on this earth and that's it, no more! You can't say land is in a "bubble?" The bubble is in fiat currencies, especially the USD. This is where the expansion is taking place, not in gold. Gold is just a rare, beautiful, fungible and shiny piece of metal that has historically been used as a medium of exchange, or MONEY. It is not an investment, it is a reserve. So it doesn't make sense to compare gold to other investments. As for the value of gold, that no one seems to know what it's worth; WATCH THIS VIDEO...LINK
Saturday, August 13, 2011
Don’t let anyone tell you gold isn’t golden
Aug. 12, 2011, 8:18 a.m. EDT
By Al Lewis
NEW YORK (MarketWatch) — OK, so I was wrong about gold.
In my first column of the year, I boldly predicted gold (CNS:GC1Z) would top $1,700 an ounce in 2011. Now it’s passed $1,800.
“A rising gold price is God’s little messenger, reminding us the money we save for the future is just paper,” I wrote. Geez, I sounded like one of those crackpot spokesmen from the AM radio commercials: “Gold has never been worth zero!” And nobody seemed to take me seriously since I admitted that my forecast was based on questions posed to my Magic 8-Ball, rather than insights from a real market analyst or economist.
I’ve written columns bullish on gold since 2003, after gold hit an astonishing, nose-bleeding, long-time high of $385 an ounce.
Those were the good ol’ days when, if you said something nice about gold, readers would email to call you a “gold bug” or some kind of conspiracy theorist planning for the end of the United States of America, or something.
When gold rallied well over $500 an ounce in 2005, I interviewed some very smart people who were pretty sure gold was just another bubble.
“It’s had a nice run over the last 24 months,” Jeff Thredgold, an economist with Vectra Bank Colorado, told me in 2005. “But gold is easily the single-worst investment of the last 25 years.” LINK...
By Al Lewis
NEW YORK (MarketWatch) — OK, so I was wrong about gold.
In my first column of the year, I boldly predicted gold (CNS:GC1Z) would top $1,700 an ounce in 2011. Now it’s passed $1,800.
“A rising gold price is God’s little messenger, reminding us the money we save for the future is just paper,” I wrote. Geez, I sounded like one of those crackpot spokesmen from the AM radio commercials: “Gold has never been worth zero!” And nobody seemed to take me seriously since I admitted that my forecast was based on questions posed to my Magic 8-Ball, rather than insights from a real market analyst or economist.
I’ve written columns bullish on gold since 2003, after gold hit an astonishing, nose-bleeding, long-time high of $385 an ounce.
Those were the good ol’ days when, if you said something nice about gold, readers would email to call you a “gold bug” or some kind of conspiracy theorist planning for the end of the United States of America, or something.
When gold rallied well over $500 an ounce in 2005, I interviewed some very smart people who were pretty sure gold was just another bubble.
“It’s had a nice run over the last 24 months,” Jeff Thredgold, an economist with Vectra Bank Colorado, told me in 2005. “But gold is easily the single-worst investment of the last 25 years.” LINK...
Wednesday, August 10, 2011
...And the First Place Winner Gets GOLD!
Have you ever wondered why, in practically every measure of achievement in life, "First Place" is rewarded with gold, except the financial world?
WHY is gold as an investment discounted so much by mainstream financial media and Wall Street types? In some cases it's even laughed at by CNBC? Even the FED Chairman, Ben Bernanke recently stated that he doesn't think gold is money?
Maybe he forgot that one of the founders of the original FED, Paul Warburg in 1915 said, "The scope of our banking future will ultimately be limited by the amount of gold that we can muster as the foundation of our banking and credit structure."
Other famous quotes:
"You have to choose between trusting to the natural stability of gold and the natural stability of the honesty and intelligence of the members of the government. And, with due respect for these gentlemen, I advise you, as long as the Capitalist system lasts, to vote for gold."
George Bernard Shaw
"Gold is money. Everything else is credit." J.P. Morgan
Our entire system of banking or "Fractional Reserve System" was originally founded on the back of gold by the Rothschild family in the 18th century. Could it be that these highly educated and sophisticated financial professionals of today really don't understand gold? Or, could it be that they do, and just want it all for themselves?
Poetic Confessions of a Banker
One has to ask the question; If you knew the secret of acquiring true wealth would you let everyone else in on it? Or keep it a secret and stay powerful and wealthy? Think about why many mainstream economists and bankers scoff at a "Gold Standard" money system. Think about who has control and power over government? Think about the powerful elite group of bankers and then watch the video below and ask yourself, if we were under a gold standard and this old miner struck it rich, WHO would gain power and WHO would lose power?
Gold prospector says, gold is worth 500 years of a man's labour. LINK
Let's not forget that every empire in history was built on gold and collapsed with a fiat paper currency. It is no doubt that gold is a powerful force and when it's in the hands of "We The People" then WE control the government not the bankers.
After all is said and done, the FIRST PLACE winner will have GOLD! BK
WHY is gold as an investment discounted so much by mainstream financial media and Wall Street types? In some cases it's even laughed at by CNBC? Even the FED Chairman, Ben Bernanke recently stated that he doesn't think gold is money?
Maybe he forgot that one of the founders of the original FED, Paul Warburg in 1915 said, "The scope of our banking future will ultimately be limited by the amount of gold that we can muster as the foundation of our banking and credit structure."
Other famous quotes:
"You have to choose between trusting to the natural stability of gold and the natural stability of the honesty and intelligence of the members of the government. And, with due respect for these gentlemen, I advise you, as long as the Capitalist system lasts, to vote for gold."
George Bernard Shaw
"Gold is money. Everything else is credit." J.P. Morgan
Our entire system of banking or "Fractional Reserve System" was originally founded on the back of gold by the Rothschild family in the 18th century. Could it be that these highly educated and sophisticated financial professionals of today really don't understand gold? Or, could it be that they do, and just want it all for themselves?
Poetic Confessions of a Banker
One has to ask the question; If you knew the secret of acquiring true wealth would you let everyone else in on it? Or keep it a secret and stay powerful and wealthy? Think about why many mainstream economists and bankers scoff at a "Gold Standard" money system. Think about who has control and power over government? Think about the powerful elite group of bankers and then watch the video below and ask yourself, if we were under a gold standard and this old miner struck it rich, WHO would gain power and WHO would lose power?
Gold prospector says, gold is worth 500 years of a man's labour. LINK
Let's not forget that every empire in history was built on gold and collapsed with a fiat paper currency. It is no doubt that gold is a powerful force and when it's in the hands of "We The People" then WE control the government not the bankers.
After all is said and done, the FIRST PLACE winner will have GOLD! BK
Monday, August 8, 2011
James Turk Interviews Legendary Jim Sinclair at the GATA Conference
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A MUST SEE interview!
Possibly two of the most talented and experienced gold investment professionals in the world! Jim's number of $1,764 is not far away. BK
Friday, August 5, 2011
Original FED Founder, Paul Warburg in 1915
"The scope of our banking future will ultimately be limited by the amount of gold that we can muster as the foundation of our banking and credit structure." Paul Warburg, 1915
Dollar's Reserve Status Waning, U.S. Treasury Borrowing Committee Says
By Liz Capo McCormick - Aug 3, 2011 1:33 PM ET
“The idea of a reserve currency is that it is built on strength, not typically that it is ‘best among poor choices’,” page 35 of the presentation made by one committee member said. “The fact that there are not currently viable alternatives to the U.S. dollar is a hollow victory and perhaps portends a deteriorating fate.” LINK...
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No viable alternatives to the USD???
SHHHHH...I'll let you in on a little secret, GOLD has been the hidden world's reserve currency for thousands of years, and it really still is, but don't tell anyone. Just give me a call and I'll get some for you. BK
“The idea of a reserve currency is that it is built on strength, not typically that it is ‘best among poor choices’,” page 35 of the presentation made by one committee member said. “The fact that there are not currently viable alternatives to the U.S. dollar is a hollow victory and perhaps portends a deteriorating fate.” LINK...
**************************************
No viable alternatives to the USD???
SHHHHH...I'll let you in on a little secret, GOLD has been the hidden world's reserve currency for thousands of years, and it really still is, but don't tell anyone. Just give me a call and I'll get some for you. BK
Thursday, August 4, 2011
Gold is Laughing at Us
By: John Carney
Senior Editor, CNBC.com
“Gold has proven to be a superman investment. It can leap over buildings and do things that investments aren’t supposed to do. And it’s laughing at us," I explained.
A more analytical take can be found today at Zerohedge. If you love charts, you'll love the post. Here's how it wraps up:
"As a percentage of assets, gold ownership remains negligible vis-à-vis assets such as equities and bonds. Ownership of gold is likely to be less than 2 percent of global investable assets. This is in marked contrast to the end of gold’s last bull market, when gold and gold stocks accounted for over 20 percent of global assets.
Gold remains badly analyzed, under-owned, and under-appreciated. This will change in the coming months and years, when the importance of gold as an investment and currency diversification and as a store of wealth is appreciated again." LINK...
Senior Editor, CNBC.com
“Gold has proven to be a superman investment. It can leap over buildings and do things that investments aren’t supposed to do. And it’s laughing at us," I explained.
A more analytical take can be found today at Zerohedge. If you love charts, you'll love the post. Here's how it wraps up:
"As a percentage of assets, gold ownership remains negligible vis-à-vis assets such as equities and bonds. Ownership of gold is likely to be less than 2 percent of global investable assets. This is in marked contrast to the end of gold’s last bull market, when gold and gold stocks accounted for over 20 percent of global assets.
Gold remains badly analyzed, under-owned, and under-appreciated. This will change in the coming months and years, when the importance of gold as an investment and currency diversification and as a store of wealth is appreciated again." LINK...
CNN Interviews Jim Sinclair in 2008 about Gold at $1,650/oz
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www.jsmineset.com
We couldn't agree more. Get your family and your financial house in order first, then think about investing in gold as insurance. Financially speaking, one doesn't become rich by investing in gold, you are just maintaining your standard of living while the rest of the economy is falling. Gold protects your wealth against unsound financial policies in government and banking. BK
Wednesday, August 3, 2011
Central Banks Join Rush to Gold
The Wall Street Journal
by Liam Pleven, Se Young Lee and In-Soo Nam
Central banks are ramping up their gold buying as they seek to diversify their reserves away from the dollar and other beleaguered currencies.
South Korea became the latest government to disclose a big bullion purchase, saying Tuesday that it recently bought 25 metric tons - more than doubling its holdings to 39 metric tons. Mexico, Russia and Thailand have also been major buyers in 2011.
This year, governments have almost tripled their net gold purchases, increasing their holdings by 203.5 metric tons this year, up from a 76-metric ton rise last year, according to the World Gold Council, an industry group backed by miners.
The demand marks a major shift in central banks' thinking about gold. Increasingly, they see bullion as protection against risks posed by declining paper currencies and global economic upheaval, and their vast resources and conservative bent make them a powerful force in the gold market. LINK...
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As we have said HERE many times, families should become their own "Central Bankers." BK
by Liam Pleven, Se Young Lee and In-Soo Nam
Central banks are ramping up their gold buying as they seek to diversify their reserves away from the dollar and other beleaguered currencies.
South Korea became the latest government to disclose a big bullion purchase, saying Tuesday that it recently bought 25 metric tons - more than doubling its holdings to 39 metric tons. Mexico, Russia and Thailand have also been major buyers in 2011.
This year, governments have almost tripled their net gold purchases, increasing their holdings by 203.5 metric tons this year, up from a 76-metric ton rise last year, according to the World Gold Council, an industry group backed by miners.
The demand marks a major shift in central banks' thinking about gold. Increasingly, they see bullion as protection against risks posed by declining paper currencies and global economic upheaval, and their vast resources and conservative bent make them a powerful force in the gold market. LINK...
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As we have said HERE many times, families should become their own "Central Bankers." BK
$1,650 GOLD is Now BROKEN!!!
The number many experienced traders and analysts have been waiting for has now been achieved. Gold at $1,650 is the launching pad for $2,000, $3,000, $5,000 and beyond. How much more significance does anyone need when gold hit this number the same day as the debt ceiling deadline? What gold is telling us is that it sees right through the politics and responds to the truth, the USD is losing confidence as the world's reserve currency. This will set the stage for much higher inflation into the future. Prepare yourself by practising the old fashion way of living and saving money. Take personal control of your finances and protect yourself and your family. BK
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