How to corner the gold (or silver) market

Janet Tavakoli outlines how to corner the gold market, and all of the elements are currently in motion:
http://www.tavakolistructuredfinance.com/Gold.pdf

Karl Denninger also weighs in:
http://market-ticker.denninger.net/archives/2138-Dont-Invest-In-Ridiculously-...

Huffingtonpost summary:
http://www.huffingtonpost.com/janet-tavakoli/how-to-corner-the-gold-ma_b_5188...

Category:

People & Blogs

Tags:

• gold
• silver
• karl
• denninger
• janet
• tavakoli

[dojufitz]

99.9% of the worlds population do not own pms.

A tiny fraction of 99.9% have a wedding ring....some have jewelry.

Basically NO ONE owns Gold and Silver as an investment.

Its lucky some of us do.

[silverfuturist]

@dojufitz Good point, very few people own PMs as an investment. I know a lot of people who still hold silver coins from the 60s and before, or have some real silverware, but they have not been buyers of bullion on even PM related paper assets.

[SamuraiCommando]

I don't like gold because it is already so expensive for the common man. While in order to become a currency it has to be fairly liquid not interms of spendability but in price point or value point. If gold goes to 3k an ounce who is really going to buy it. Yes the wealthy will. But what good is wealth if it is not valued by the working class. If only 3 men in a room

[silverfuturist]

@SamuraiCommando thanks - as you probably know, gold has always been the money of kings and the rich, silver the money of the common man, gold's density of value makes it more suited towards large transactions.

[charlesfuchs]

Thanks Joe.... I believe there is only around %1-%3 of the population that know anything about Silver..... I know a lot of people and the only people I can talk about Silver is mostly to you and divinchi15..well a few others too like guild40 and drutter...... ridiculous huh LOL

[silverfuturist]

@charlesfuchs exactly, 1-3% who "know" about silver. I was trying to get my friend to understand the market, and his response was something like "it is a metal, what is there to understand?"

[odin422]

@silverfuturist i always thought copper was the common mans metal.

[deftoneart01]

Do you worry about extreme taxation or fees placed on successful metal holders (or capital gains in general) becoming a reality?

[ehswan]

Last night I watched a man testifying that paper silver was leveraged 100+ to 1. Another man that I watched said that the Asians smell blood and are watching closely. I think that there is a russeling of the leaves around the pm price suppression community.

[sstoy10]

★~★~★~★~★

[ytgv3fc7]

@TheLiddlekiddle I'll certainly know the pattern and with my prediction model potentially the price ranges & timing. However, gold has another relation: with a deflation in price it may or may not provide (within a range) value in holding, not selling. The lower your buy-in price the better, of course. I guess the wisdom of the selling is the wisdom of knowing what the cash actually buys you then & there, in the year this currency collapse bubble bursts (which will reflect in the gold price)

[ytgv3fc7]

@Lexi8888 one day I'll check out more of Mish. I wrote of Denninger as incompetent. Period.

[ytgv3fc7]

@Darkcloudent sucks, eh? I've wanted to load up on gold since it was $400/oz. I knew then, I could feel it, didn't have the math or the timeline to back it up like we have now. Oh well. That was a long time ago and when money came easier, so did vices, so that's what kept me out then. You live, you learn, but not out for the count.

[ytgv3fc7]

@felixdov a little of each, I imagine