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Re: 24Knews Gold Thread

Postby Pixel8r » Thu Oct 18, 2018 3:09 pm » Safari 12.0 Safari 12.0  Mac OS X Mac OS X  Screen Resolution: 2560 x 1440 2560 x 1440

Watch on youtube.com
"Money is Gold, and nothing else"
(As John Pierpont Morgan once stated under oath before the USCongress and the Pujo Commission in 1912)
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Re: 24Knews Gold Thread

Postby Acton Boy » Tue Nov 06, 2018 8:30 am » Safari Mobile 11.0 Safari Mobile 11.0  iPad iPad  Screen Resolution: 768 x 1024 768 x 1024

This is a quite different, but very interesting video, lots of thoughts to pick up on.
The reason I placed it in the gold thread starts at 1 hour 39 mins in and is only a few mins long, so if you don’t have much time please give that bit a listen.

Watch on youtube.com
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Re: 24Knews Gold Thread

Postby d2thdr » Sun Dec 02, 2018 7:23 pm » Safari Mobile 10.0 Safari Mobile 10.0  iPad iPad  Screen Resolution: 768 x 1024 768 x 1024

I think Deden's interview was excellent. Besides gold, the other point he talked about is the cult like worship of Buffett in US. He is truly old fashioned. The type many on this August forum would agree with more often than not.
In the world today there are only three assets, gold, oil and currencies. The paper currencies, so long admired and accepted are now in a war of self destruction. They will consume each other in an end battle of "I'm the last man standing but have lost all use as a unit of value".
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Re: 24Knews Gold Thread

Postby Pixel8r » Sun Dec 30, 2018 10:54 am » Safari 12.0.1 Safari 12.0.1  Mac OS X Mac OS X  Screen Resolution: 2560 x 1440 2560 x 1440

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(As John Pierpont Morgan once stated under oath before the USCongress and the Pujo Commission in 1912)
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Re: 24Knews Gold Thread

Postby Pixel8r » Wed Jan 02, 2019 7:33 pm » Safari 12.0.1 Safari 12.0.1  Mac OS X Mac OS X  Screen Resolution: 2560 x 1440 2560 x 1440

Watch on youtube.com
"Money is Gold, and nothing else"
(As John Pierpont Morgan once stated under oath before the USCongress and the Pujo Commission in 1912)
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Re: 24Knews Gold Thread

Postby Acton Boy » Wed Jan 16, 2019 9:20 pm » Safari Mobile 11.0 Safari Mobile 11.0  iPad iPad  Screen Resolution: 768 x 1024 768 x 1024

The Golden Constant was the first statistical proof of gold’s property as an inflation hedge over the centuries. For this, and for its masterful examination of the behaviour of gold and its purchasing power against the background of political and economic events, it is rightly considered a seminal study.

http://www.lbma.org.uk/assets/alc56_golden_constant.pdf

Gold is at new highs in many currencies, we are waiting for it to do the same in the £ and $. :D
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Re: 24Knews Gold Thread

Postby Acton Boy » Wed Jan 16, 2019 9:31 pm » Safari Mobile 11.0 Safari Mobile 11.0  iPad iPad  Screen Resolution: 768 x 1024 768 x 1024

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Re: 24Knews Gold Thread

Postby Pixel8r » Thu Jan 31, 2019 8:23 am » Safari 12.0.2 Safari 12.0.2  Mac OS X Mac OS X  Screen Resolution: 2560 x 1440 2560 x 1440

For many years central banks helped to control the price of gold by selling & leasing into the market. Since 2011 they have driven the price down via derivatives in the paper market and at the same time been buying up all the physical they can get their grubby hands on. What do you think comes next? :think:

Central banks bought more gold in 2018 than any year since 1967: WGC

LONDON (Reuters) - A surge in gold purchases by central banks to the highest since 1967 helped push global demand for the metal up 4 percent last year, the World Gold Council (WGC) said on Thursday.

The world consumed 4,345.1 tonnes of gold in 2018, up from 4,159.9 tonnes in 2017, the WGC said in its latest quarterly demand trends report.

Driving the increase were central banks which bought 651.5 tonnes - 74 percent more than in 2017 and the second highest annual total on record - as countries including China and Poland joined Russia, Turkey and Kazakhstan in adding to their reserves, the WGC said...


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Re: 24Knews Gold Thread

Postby Pixel8r » Thu Jan 31, 2019 11:39 pm » Safari 12.0.2 Safari 12.0.2  Mac OS X Mac OS X  Screen Resolution: 2560 x 1440 2560 x 1440

Noticed a more up to date version on twitter

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Re: 24Knews Gold Thread

Postby Pixel8r » Wed Feb 06, 2019 3:55 pm » Safari 12.0.2 Safari 12.0.2  Mac OS X Mac OS X  Screen Resolution: 2560 x 1440 2560 x 1440

Commentary about the above.

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(As John Pierpont Morgan once stated under oath before the USCongress and the Pujo Commission in 1912)
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Re: 24Knews Gold Thread

Postby Pixel8r » Wed Feb 20, 2019 12:26 pm » Safari 12.0.3 Safari 12.0.3  Mac OS X Mac OS X  Screen Resolution: 2560 x 1440 2560 x 1440

Watch on youtube.com
"Money is Gold, and nothing else"
(As John Pierpont Morgan once stated under oath before the USCongress and the Pujo Commission in 1912)
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Re: 24Knews Gold Thread

Postby Acton Boy » Sun Feb 24, 2019 12:56 pm » Safari Mobile 11.0 Safari Mobile 11.0  iPad iPad  Screen Resolution: 768 x 1024 768 x 1024

Ken Rogoff former IMF chief economist article, quote below.

“” A history lesson
Even as cash becomes a dwindling resource and regulation changes the nature of cryptocurrencies, Rogoff believes that gold will retain and almost certainly increase its value.

“If you look at the history of currency, gold has a unique role and I don’t think it’s accidental. Some people say that if gold hadn’t been selected as a currency thousands of years ago, it would not have a role today. I don’t agree. Gold has a lot of useful properties and unique features so I don’t think its status is in any way accidental. It’s a monetary asset and I think if you replayed history another way, you would come out with gold again,” he says.

“As we have less and less paper currency, there will still be a need to store wealth, to have privacy and to carry out transactions between parties who don’t trust one another – gold fills that role. It’s probably the best substitute for paper currency so it’s hard to imagine its transaction value won’t go up over time. And there are all kinds of uses for gold in new technology that nobody even thought of years ago. So overall, it’s hard to see gold’s role diminishing,” he adds.

In addition to gold being a store of wealth, Rogoff takes the view that it is a valuable long-term investment too – both as a diversification- and risk-mitigation tool. “”
..................................

https://www.gold.org/goldhub/research/g ... re-of-gold
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Re: 24Knews Gold Thread

Postby fwiw » Sun Mar 03, 2019 5:11 pm » Safari Mobile 11.0 Safari Mobile 11.0  iPhone iPhone  Screen Resolution: 375 x 667 375 x 667

Last edited by Pixel8r on Sun Mar 03, 2019 9:24 pm, edited 1 time in total.
Reason: Fixed the image for you
There is no SPOON deflation.
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Re: 24Knews Gold Thread

Postby wee Jinky » Tue Mar 05, 2019 11:30 am » Google Chrome 49.0.262 Google Chrome 49.0.262  Windows Vista Windows Vista  Screen Resolution: 1366 x 768 1366 x 768

https://www.kitco.com/commentaries/2017 ... atios.html
current ratio is 0.65 which I think is an all time low
https://goldsilver.be/en/236-platinum?o ... derway=asc
anywhere cheaper ?
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Re: 24Knews Gold Thread

Postby Pixel8r » Tue Mar 05, 2019 10:07 pm » Safari 12.0.3 Safari 12.0.3  Mac OS X Mac OS X  Screen Resolution: 2560 x 1440 2560 x 1440

wee Jinky » Tue Mar 05, 2019 11:30 am wrote:https://www.kitco.com/commentaries/2017-02-07/The-46-Year-Record-of-Platinum-Gold-Ratios.html
current ratio is 0.65 which I think is an all time low
https://goldsilver.be/en/236-platinum?o ... derway=asc
anywhere cheaper ?

Although it's a precious metal it isn't really a monetary metal (although it does have its own currency code XPT), its main use is in diesel engines and they are slowly being replaced by electric or petrol. Is it only going to carry on going lower as the world carries on desiring gold? Central banks are certainly not hoarding it.
"Money is Gold, and nothing else"
(As John Pierpont Morgan once stated under oath before the USCongress and the Pujo Commission in 1912)
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Re: 24Knews Gold Thread

Postby wee Jinky » Tue Mar 05, 2019 10:55 pm » Google Chrome 49.0.262 Google Chrome 49.0.262  Windows Vista Windows Vista  Screen Resolution: 1366 x 768 1366 x 768

Yea agree with all that ,it's a funny one I think when it becomes fashionable jewellery wise its price can escalate ,it was big in Japan and of course it is far rarer than gold ,then psychologically it is termed more precious ie: platinum disc as opposed to gold disc. I certainly wouldn't advocate swapping all your gold for it but I think just having a little skin in the game could prove profitable in the future.
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Re: 24Knews Gold Thread

Postby Pixel8r » Wed Mar 06, 2019 11:54 am » Safari 12.0.3 Safari 12.0.3  Mac OS X Mac OS X  Screen Resolution: 2560 x 1440 2560 x 1440

wee Jinky » Tue Mar 05, 2019 10:55 pm wrote:Yea agree with all that ,it's a funny one I think when it becomes fashionable jewellery wise its price can escalate ,it was big in Japan and of course it is far rarer than gold ,then psychologically it is termed more precious ie: platinum disc as opposed to gold disc. I certainly wouldn't advocate swapping all your gold for it but I think just having a little skin in the game could prove profitable in the future.

Some analysis on Platinum by Moneyweek, saying much the same as I did above.

Platinum looks strikingly cheap – but will it ever recover?
"Money is Gold, and nothing else"
(As John Pierpont Morgan once stated under oath before the USCongress and the Pujo Commission in 1912)
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Re: 24Knews Gold Thread

Postby Pixel8r » Tue Mar 19, 2019 7:35 pm » Safari 12.0.3 Safari 12.0.3  Mac OS X Mac OS X  Screen Resolution: 2560 x 1440 2560 x 1440

Did a search on Google trends for the UK on Gold, Silver & Bitcoin. Interesting results.

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Re: 24Knews Gold Thread

Postby Acton Boy » Wed Mar 20, 2019 10:16 pm » Safari Mobile 11.0 Safari Mobile 11.0  iPad iPad  Screen Resolution: 768 x 1024 768 x 1024

Basel 3 gold and March 29th, it ain’t gonna happen.
From maneco64 on youtube

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Re: 24Knews Gold Thread

Postby Pixel8r » Thu Mar 21, 2019 1:21 pm » Safari 12.0.3 Safari 12.0.3  Mac OS X Mac OS X  Screen Resolution: 2560 x 1440 2560 x 1440

Haven't listened to the above yet but am going to now.

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