Comments on Market Skeptics: The Golden Pyramid

Windows 7 key | windows 7 product key | Windows 7 ...

2010-01-24T17:18:38.841-08:00

Interesting story, but several key departures from...

2009-12-30T01:21:38.175-08:00

Interesting story, but several key departures from reality. The most noteable is the idea that minors will bypass the bullion banks and close out hedges. If the future gold is considered collateral, this is possible, albeit illegal. If the future gold is an actual sale, as the article implies, then it would be fulfilled with actual gold, which will allow the unwinding of the other half of the position. Or, to put it more simply, if A sells to B, who sells to C, you still only have one net asset obligation and one net financial obligation. You don't get to count the gold debit twice because B's claim on that gold is forfeit.

Great story!PRC buys into Rio Tinto, metals produc...

2009-03-05T14:12:00.000-08:00

Great story!
PRC buys into Rio Tinto,
metals producer, for $19B.
For $10B PRC could buy...citi -
corp bank. see web articles
on "wheres all the (p. metals)
in (name of country)."
News: PRC is increasing mining
efforts (why should PRC buy
p. metals if it can produce them)?

Some time ago you forecast that the first signs of...

2009-03-03T15:24:00.000-08:00

Some time ago you forecast that the first signs of the dollar collapse will appear by April this year. Do you still think so?

Well, difficult to say.The historic gold/oil ratio...

2009-03-03T10:53:00.000-08:00

Well, difficult to say.
The historic gold/oil ratio might not be as predictive as said. Under the gold standard gold was artificially kept low for a large period of time, and besides there is a lot of talk about both gold and oil prices being manipulated, take this article as an example.
Therefore one could question the relevance of the historic gold/oil ratio.
Oil is quite subjective to "economic healt", and with credit cards and eastern europe still to come, I woulnd't take on too much oil yet (although I do own some).

Eric you talk alot about gold but the real story r...

2009-03-03T10:11:00.000-08:00

Eric you talk alot about gold but the real story right now is oil. The gold to oil ratio is historically been about 10,15-1 barrels to oz. The current ratio is over 20. If gold pops oil is going to explode, namely the Canadian energy royalty trusts. These companies are swinging to profitability, have very high yields and are picking off new reserves.

The only caveat I see is of course from the government. They may try to tax any extraordinary gains made, they (like the US) are actively debasing their currency (not as badly though).

Check out the "canroys" symbols, PGH,PWE,BTE and HTE

Barrack = Barrick!"Defending against Blanchard Co....

2009-03-03T07:51:00.000-08:00

Barrack = Barrick!

"Defending against Blanchard Co.'s gold price-fixing lawsuit in U.S. District Court in New Orleans in 2003, Barrick went so far as to claim to be the agent of the central banks when it leased and sold gold and to share their sovereign immunity against lawsuit"

Eric,Interesting article, although it's been writt...

2009-03-03T07:50:00.000-08:00

Eric,

Interesting article, although it's been written quite a while ago.

Here is a very interesting article dealing with Barrack, the gold carry trade and bonds. You should check it out!

http://www.silverbearcafe.com/private/03.09/leasedgold.html