Oil prices haven't resumed to soar yet, so shipping costs are still very low after global demand crashed, see 'Baltic Dry Index'. I think that is the main driver for the gold repatriation. In the future you might not get your bullion back anymore, if it's far away.
Or inside ETF's, for that matter; same thing. Only bullion under your physical control, will count.
geez, the points made are valid, but honestly, why wrap them in 3 minutes of unrelated video and music. it's distracting and obscures your thesis.
keep the drama if you like, but that's the reason you're here and not gaining a universal audience.. your points can be made in a much more refined way. the same way a noisy roadway has low technology vehicles. a super modern roadway would be quiet, that due to efficient vehicles which don't lose energy as sound. your thesis loses by cluttering it
If the IMF did dump their gold on the market the price of gold wud drop and thats when id buy.
I wudn't worry about China gettin to brash w/the west. We have Obama (a black man/African descent) who will help the U.S. dig in ties with Africa and all their natural resources. It was a great move for the US to elect Obama. We will be ok.
US will increase tariffs on Chinese imports like we did with Japan when they were an emerging economy.
There is news on IMF decided to sell tons of Gold in coming week time. Gold to hit at 1000 maybe is a short lift only and plus world wide low interest rate will be soon is yesterday story. invest in gold maybe is a risk. question is WHY LISTEN OTHER FOR INVEST?
There has been discussion on the KITCO site that the IMF may not sell the 403 tonnes of Gold, though they have received the required approval from the US Congress.
We will find out in October.
China already has a reserve bid on all 403 tonnes...but India is in a position to compete.
The ancient Egyptians saw things that way, too, the west being the direction of the land of the dead.
They also revered gold as "the sweat of the gods." They even valued silver as scarcer than gold for a portion of their history. Hmm... What's old is new, again.
And taking a page from the timeless political allegory by Baum and Denslow called "The Wonderful Wizard of Oz" ...China and other member nations plan to "...follow the Yellow-BRIC road"
well put it this way. commercials are extremely short pm's. they will obviously want the price to go down to cover their shorts. this will force a sell off and price to go down and this is exactly what the chinese are looking for.
yeah, i would expect them to put a floor on the price as they are encouraging their citizens to buy gold/silver and a drop wouldn't jive well with their citizens. the only thing of concern to me is the heavy commercials short in the futures and in the slv etf. (looking to see how that clears out). it could go to the moon or trigger a sell off. will wait till option expiry to see how it plays out. thx for the vids.
Oil prices haven't resumed to soar yet, so shipping costs are still very low after global demand crashed, see 'Baltic Dry Index'. I think that is the main driver for the gold repatriation. In the future you might not get your bullion back anymore, if it's far away.
Or inside ETF's, for that matter; same thing. Only bullion under your physical control, will count.
miguelsotoseudonimo 2 years ago
I agree Miguel,
If you can't hold it in your hand, well you don't own it.
Paper precious metals are merely a promise to deliver, and we all know what comes of promises, don't we?
Cheer's.
NowisEvollovetion 2 years ago
geez, the points made are valid, but honestly, why wrap them in 3 minutes of unrelated video and music. it's distracting and obscures your thesis.
keep the drama if you like, but that's the reason you're here and not gaining a universal audience.. your points can be made in a much more refined way. the same way a noisy roadway has low technology vehicles. a super modern roadway would be quiet, that due to efficient vehicles which don't lose energy as sound. your thesis loses by cluttering it
josephcecil 2 years ago
china wants its blink blink now... and they deserve it...
MiLSeLrAhC 2 years ago
China KNOWS what it is doing.
It has only had to wait for America's Self Centred politicians to bring about it's inevitable downfall.
Patience is a virtue.
NowisEvollovetion 2 years ago
Still a great video and message. Cheers!
nezahualcoyotl2012 2 years ago
If the IMF did dump their gold on the market the price of gold wud drop and thats when id buy.
I wudn't worry about China gettin to brash w/the west. We have Obama (a black man/African descent) who will help the U.S. dig in ties with Africa and all their natural resources. It was a great move for the US to elect Obama. We will be ok.
US will increase tariffs on Chinese imports like we did with Japan when they were an emerging economy.
Remember China is 1/3 of the US economy.
nezahualcoyotl2012 2 years ago
nezahual
And also remember that China once own 1/3 of the world wealth.
spiritbreakerz 2 years ago
There is news on IMF decided to sell tons of Gold in coming week time. Gold to hit at 1000 maybe is a short lift only and plus world wide low interest rate will be soon is yesterday story. invest in gold maybe is a risk. question is WHY LISTEN OTHER FOR INVEST?
nic1973yahoo 2 years ago
There has been discussion on the KITCO site that the IMF may not sell the 403 tonnes of Gold, though they have received the required approval from the US Congress.
We will find out in October.
China already has a reserve bid on all 403 tonnes...but India is in a position to compete.
Frequencitee 2 years ago
Let them fight it out and drive the price up,
They both have the money to compete for it.
Thank You for the heads up.
Best Wishes.
NowisEvollovetion 2 years ago
Thanks man - great info..
artdeco101010 2 years ago
Excellent vid!!!! Short and packed full of great info.
Makes ya think that China just has to be shaking their heads and laughing at us. A sad state of affairs...
medulalumosa9 2 years ago 2
We are witnessing the demise of the West as an economic strength.
All the POWER is now moving back to the East.
In the UK we have a saying that if something has 'GONE WEST' it is meant as being KNACKERED (referring to the demise of the Sun each day of course).
And the West has now certainly indeed 'GONE WEST'.
Cheer's.
NowisEvollovetion 2 years ago
Well that's an interesting statement!!! Thanks :)
medulalumosa9 2 years ago
The ancient Egyptians saw things that way, too, the west being the direction of the land of the dead.
They also revered gold as "the sweat of the gods." They even valued silver as scarcer than gold for a portion of their history. Hmm... What's old is new, again.
Great vid! =^[.]^=
Raycheetah 2 years ago
And taking a page from the timeless political allegory by Baum and Denslow called "The Wonderful Wizard of Oz" ...China and other member nations plan to "...follow the Yellow-BRIC road"
Frequencitee 2 years ago
well put it this way. commercials are extremely short pm's. they will obviously want the price to go down to cover their shorts. this will force a sell off and price to go down and this is exactly what the chinese are looking for.
joshrain1 2 years ago
Exactly josh, they are buying the dips.
So doesn't that in turn mean that the Chinese have in fact now placed a floor under which the price of Gold can now no longer drop?
Even at a $1000 it is still cheap, they just 'KNOW' it is going a lot higher.
Cheer's.
NowisEvollovetion 2 years ago
yeah, i would expect them to put a floor on the price as they are encouraging their citizens to buy gold/silver and a drop wouldn't jive well with their citizens. the only thing of concern to me is the heavy commercials short in the futures and in the slv etf. (looking to see how that clears out). it could go to the moon or trigger a sell off. will wait till option expiry to see how it plays out. thx for the vids.
joshrain1 2 years ago
Cheers 4 the nfo
WW3hasalreadybegun 2 years ago
No worries.
NowisEvollovetion 2 years ago