gold ready to go parabolic (from Bloomberg)

[Large Sarge]

http://www.youtube.com/watch?v=wqRBpUbrbcg&feature=youtu.be

[Large Sarge]

http://www.youtube.com/watch?v=wqRBpUbrbcg&feature=youtu.be

[Twisted Titan]

You ain't see nothing

wait till people stampede to protect their life savings

[Large Sarge]

so I was watching CNBC, Art Cashin, Jim cramer, and a few others.... talking "gold gold gold"

the obvious "what is behind this move", and puzzled looks for a few seconds, then someone mentions a bank taking a $500 million dollar loan at 1.5% for a 1 week duration

Not a whisper of hugo chavez demanding his gold be returned....

[Twisted Titan]

Two comments

I like how this shill talk about when nixon closed the gold window...I doubt this man was even alive or if so he was still wasnt potty trained


The best remark was when he asked how should you hold your bullion at the very end he recomends gold certfivates and digital gold( whatever the heck that means)

[Libertytree]

Two comments

I like how this shill talk about when nixon closed the gold window...I doubt this man was even alive or if so he was still wasnt potty trained


The best remark was when he asked how should you hold your bullion at the very end he recomends gold certfivates and digital gold( whatever the heck that means)

IOW's...Please for Gods sake don't go out buy and hold physical bullion!!

[gunDriller]

for some commodities, supply is elastic. the price of corn goes up, somebody who might have their land in another crop or as forest, can grow corn - supply increases.

it's not so easy with gold & silver. when the price goes up, holders of physical tend to hold on harder, like a dog that has a bone.

silver & gold mines take time to develop, many years. also, the lower yield ore becomes useful when the PM prices go up. but then it takes a lot of energy to extract.

long story short, they picked the low-hanging fruit.

i think the supply-demand fundamentals will result in a near vertical price curve when confidence in stocks & bonds breaks - in the general public. i think we may be seeing this now.


so i think it will go parabolic/ exponential, with the 'normal' volatility.

but that will also create demand for unconventional sources, e.g. extracting gold from sea-water.

i wouldn't be surprised to see the price eventually capped by an extraction process that can profitably work ore that yields a mere 1 gram per ton.

but to pay the energy costs etc. - i think that will be some very expensive extraction, $2500 to $5000 per ounce.

[ximmy]

Gold goes parabolic... Silver to remain unaffected... cheap... ::)

[Shami-Amourae]

LOL @ 10% Gold holdings. That's fucking weak.

[ximmy]

LOL @ 10% Gold holdings. That's fucking weak.

Hi five to the anarchy gang... :p