Gyroscopic Investing

No, but I've learned the hard lesson in this cycle of "don't chase the gold price", or any investment price for that matter. I'm a buyer at $1180-$1200. Someday that range will be invalid, but we shall see.

Not enough, no.

I'll be very curious to see how gold behaves when the market crashes. If up enough, it'll make sticking with the pp well worth it.

on 2008 long term treasury's were the vehicle of choice not gold . but starting a year later gold took off . but that was because rates were falling .

if the market plunges because rates are rising it may be a case nothing does well .

https://sputniknews.com/business/201702 ... atriation/

There are a lot of signs that the gold was not physically presented in the New York vaults when Germany called it back. Of course, the US began to return it to Germany but there is one interesting detail. When you leave your suitcase in the luggage storage you expect to get back the same suitcase. But Germany took the wrong 'suitcase,'" Katasonov told Radio Sputnik.

According to the economist, the gold bars that Bundesbank repatriated have different labels. He suggested that the US might have replaced the German bullion with different bars bought from the market.

Interesting...The whole German gold repatriation story always seemed like a pretty clear indication that the US has been playing funny games with their gold reserves, and probably for a very long time. If indeed Germany didn't receive their serialized gold back, thats no surprise. If I was Germany I would just breathe a sigh of relief that I even recieved the gold at all.

The US government is supposed to have 8000 tonnes of gold in reserve... I call bullshit. I'll believe it when there's an independent audit, which there hasn't been for decades.

Conspiracy theory from a Russkie government "news" site.
(sputnik)

dualstow wrote:Conspiracy theory from a Russkie government "news" site.
(sputnik)

No different than linking to a WSJ or NYT article: take with a grain silo of salt.

It does seem quite obvious that something was amiss from the beginning, though. When a significant US ally asks for their segregated gold to be transferred back to them, and the United States, supposedly the premiere gold custodian of the world, openly replies that it will take seven years to fulfill the request, its not unreasonable or a "conspiracy theory" to suggest that perhaps this story is worth looking more deeply into.

And in that regard, perhaps it is not the Russian government "news" that should be distrusted so much as it is the US corporate "news" that should be questioned for blacklisting this story.

blue_ruin17 wrote:No different than linking to a WSJ or NYT article: take with a grain silo of salt.

Not that those publications are perfect - far from it - but I guess we'll have to agree to disagree on that comparison.

dualstow wrote:

blue_ruin17 wrote:No different than linking to a WSJ or NYT article: take with a grain silo of salt.

Not that those publications are perfect - far from it - but I guess we'll have to agree to disagree on that comparison.

Agreed, I didn't intend to hijack this thread and make it a debate about the state of contemporary journalism.

For anyone interested learning about what the "funny games" that I accuse the US of playing with gold, I recommend the book 'The Gold Cartel". It makes a grounded, convincing case, based on financial forensic evidence and whistleblower testimony, that major central banks have been systematically manipulating the gold market since the 1990s (5 August 1993 8:27am, to be exact).

Take it or leave it, but after I read this book, it was no surprise at all that the German's had such difficulty receiving their gold.

For what it's worth, the vault is open to tourists. I realize that it might not be easy (impossible) to count the stash, but the fact that it's open to the public means something to me.

http://abcnews.go.com/Business/story?id=5835433&page=1

Sounds like a good place for a gyro-investors get-together.

dualstow wrote:For what it's worth, the vault is open to tourists. I realize that it might not be easy (impossible) to count the stash, but the fact that it's open to the public means something to me.

http://abcnews.go.com/Business/story?id=5835433&page=1

Sounds like a good place for a gyro-investors get-together.

And yet at Fort Knox, where more than half of American's gold is (reportedly) stored...:

"For security reasons, no visitors are allowed inside the depository grounds. This policy has been enforced ever since the vault opened, and the only exception was an inspection by members of the United States Congress and the news media on September 23, 1974 led by then Director of the United States Mint, Mary Brooks."

Wikipedia

Yep. Although the NY Fed is supposed to have more gold than Fort Knox, I'm still curious:
does the book to which you linked also purport that Fort Knox is empty? Or holding less than it says?

Who would have thought that even the US government has trouble avoiding boating mishaps.

dualstow wrote:Yep. Although the NY Fed is supposed to have more gold than Fort Knox, I'm still curious:
does the book to which you linked also purport that Fort Knox is empty? Or holding less than it says?

I don't argue that Fort Knox or the NY Fed or US government vaults have no gold in their vaults, they obviously have some gold in those vaults. What I do suspect is that the official US reserve figure of 8000 tonnes is a gross exaggeration of actual physical reserves.

The Gold Cartel contends that western central banks have been systematically intervening in the gold market since the early 1990s. One method of manipulating the prices of gold (though not the only one), the book argues, has been "targeted gold sales" into the open market which serve to strategically suppress the price of gold. The book makes no claim about how much gold may have been secretly sold into the market over the years, as there is no way to know without an independent audit.