Thai Guru's Gold und Silber ... (Informationen und Vermutungen)

""Leute die derartigen Schwachsinn immer wieder abnehmen.""

Aber nicht auf Dauer !

Cheers

XAX

warum fehlen überall die Chart s

für Gold und Silber

Seite von kitco.com ist auch nicht zu erreichen

was ist da los

silberwolf

Ist mir auch ""verdaechtig"" gerade aufgefallen, bei vielen Seiten gehts auch so.

474.25 aktuell 7.695 Silber, WOW !

Vielleicht bremsen die Saecke das Internet oder es bricht bald zusammen und du muss dann schaetzen.

Cést la vie

XAX

Zitat

Original von Silberwolf
warum fehlen überall die Chart s

für Gold und Silber

Seite von kitco.com ist auch nicht zu erreichen

was ist da los

silberwolf

Alles anzeigen

Sie wollten den Markt "beruhigen"...

.

Lets sing,....Greenspan pops the housing bubble,we got jobs in New Orleans....

.

Oder eine Kanzlerin ?...dann kann es losgehen......selbe Verarschung wie in der USA .

.

.

Exactly ASM ;)....

-- The gold price suppression scheme of the central
banks is "a big con game" to persuade people to
hang on to government currencies. It will end in a
"wild ride" for gold and commodities.

Lets just wait !

Mfg

XAX

Le Metropole Members,

Midas du Metropole has served commentary at The James
Joyce Table entitled, "Fed To Planet Wall Street: We Have
Lost Control Of The Gold Market!"

---------------------------------------------------------------------------------------------------

Would You Like to Pay
by Check, Cash -- or Gold?

James Turk's Quixotic Quest:
An Online Payment System
Based Entirely on Bullion

By Craig Karmin
The Wall Street Journal
Saturday, October 8, 2005

James Turk thinks he has a solution to worries about a
weaker dollar: Stop using cash to pay for things -- instead,
pay with gold.

A handful of companies are pitching services that let
people make payments to one another denominated in gold,
much as they might wire cash through a bank account. Amid soaring bullion prices and simmering concerns about the
health of the U.S. economy, they are finding a small but promising market.

One of the main providers, GoldMoney.com, based in the
British Channel Islands and founded by Mr. Turk, currently
has 23,000 users, he says, more than double the number a
year ago. His company followed on the heels of e-gold.com,
a West Indies-based company started by a Florida oncologist
that has offered electronic gold payments since 1996. A
handful of other competitors, with names such as
e-bullion.com, also have sprung up.

"Gold's historic role has always been as the world's
currency," says Mr. Turk, a 58-year-old former banker and
self-described "gold bug." That is a term more often
applied to fringe characters who own gold to protect against market crashes or even Armageddon.

"Some gold bugs are very fervent," Mr. Turk says.

Still, he shares their belief that governments ultimately
give in to temptation by printing too much money and
debasing their currencies. He argues that current U.S.
economic fundamentals -- rising government spending paired
with an increasing trade deficit -- will inevitably cause
the dollar to weaken dramatically.

There are mainstream economists who share some of his
concerns, even if they disagree with his proposed solution.
And gold could prove to be a wise investment, because it
tends to gain value at times of uncertainty. But it is
hardly a one-way bet. For the past 25 years, holding gold actually has been a good way to reduce wealth. While bullion prices recently hit $472.30 an ounce, their best level since 1988, that is down from $834 an ounce in 1980.

GoldMoney's users tend to be small-business owners who make regular purchases overseas and worry about currency fluctuations. Jeff Wright, a director for
software-development company TimeWarp in Colorado Springs, Colo., has been using GoldMoney for more than three years
to buy software from vendors in Europe and Australia. One benefit, he says, is that everyone avoids
currency-conversion charges, which can be as much as
thousands of dollars on large transactions.

Of course, now he has to worry about volatility in gold prices. "I usually check it twice a week to see how
things are going," he says.

Services like these aren't for everybody. For one thing,
Mr. Wright points out that the first thing he had to do
was persuade his suppliers to accept payments in gold
and then set up online accounts with GoldMoney. And the
gold industry has proven to be rife with scams and swindlers. During the early 1980s, for instance, customers of the International Gold Bullion Exchange in Fort Lauderdale,
Fla., once the largest gold-bullion dealer in the U.S.,
were shocked to learn that the gold bars stored in the
company's vault were made of wood. Thousands of customers
lost tens of millions of dollars.

Mr. Turk says he often fields questions about
authenticity, and points out that he lists the vault
company where the gold is stored on the company's Web site,
as well as other documents attesting to the gold's
validity. His customers' holdings are valued at $62
million, Mr. Turk says. Account holders' money is held
in gold that is stored as 400-ounce bars in a vault
just outside London.

In effect, each time a payment is made, one account
holder is passing to another a claim on the stack of
gold in the London vault. He says a transaction costs
only about $1.50, compared with $20 or more for a bank
wire.

Mr. Turk's own thoughts about the nature of money go back
to his childhood in Ohio, where his Austrian father
emigrated after World War I. After the war, Austria
suffered extreme hyperinflation that made its currency
next to worthless.

Then, early in his banking career, while with Chase
Manhattan in Asia, he was present in Bangkok in 1974
for the collapse of Herstatt Bank due to unauthorized
foreign-exchange dealings. It marked the biggest bank
failure in the history of what was then West Germany,
and caused turbulence in financial markets around
the globe.

"My family's experience and Herstatt's collapse made me
realize that national currencies are much more inherently unstable than tangible assets," he says. That led him to
start thinking about how to circulate gold as a currency, a practice that started falling out of favor back in the 17th century, when the Bank of England issued the first widely circulated paper money as a stand-in for gold and silver.

After a stint in the United Arab Emirates, where he
managed the precious-metals portfolio for the Abu Dhabi Investment Authority, Mr. Turk settled in London, where
since 1987 he has published the Freemarket Gold & Money
Report.

His newsletter quickly became essential reading for gold
bugs, a group he has an affinity for despite its quirks.
In one instance, in the late 1990s a gold-bug organization called the Gold Anti-Trust Action Committee demanded a congressional investigation into its claim that, in effect, Federal Reserve Chairman Alan Greenspan was conspiring
to fix gold prices with the Bank of England and the
government of Kuwait.

"The framers of the Constitution were gold bugs," Mr. Turk says. "That's why they insisted on a sound money policy
of gold and silver when writing the Constitution."

In 1998, as e-commerce was taking off, Mr. Turk launched GoldMoney, seeing the Internet as a tool enabling gold to
again be used as currency. Last year the company reported revenue of $37 million, Mr. Turk says, and he expects twice
that much this year. The company has attracted outside investment from DRD Gold, a South African mining company,
and IAMGold Corp. in Toronto, which together hold a 21%
stake in GoldMoney.

Mr. Turk's case for bullion is rooted in history. He argues
that all governments -- from ancient Rome to King Louis
XV's France to 1990s Argentina -- eventually succumb to excessive spending. Rather than raise taxes, officials
resort to printing more money, sparking inflation and
financial collapse.

Because paper currencies are no longer backed by gold or
another tangible asset, Mr. Turk likes to point out, they represent nothing more than a government's promise to
honor them. But when currencies fall, he says, gold
remains a valuable commodity.

"Unlike the dollar," he says, "gold is not dependent
on the U.S. government's promise to honor it."

-END-

Peak Silver

Edgar J. Steele

"To the Moon, Alice! To the Moon!"

--- Ralph Kramden, played by Jackie Gleason, to his wife (played by Audrey Meadows) on The Honeymooners.

Peak Silver is a concept whose time now has come. There really can no longer be any question as to whether we have reached the point of Peak Silver, save that suggested by silver's current market price. As we shall see, that price is an aberration which inevitably will be swept aside by the tidal force of massive market forces.

There can be no question but that whatever silver now exists, including the ever-more-difficult-to-extract ore still in the ground, is all the silver that ever will exist.

What's more, unlike gold, virtually all the silver ever mined has disappeared via usage, while almost all the gold ever mined still exists in usable form, not that anybody really uses gold for anything. In fact, silver today is a much rarer precious metal than is gold.

Go back and read that last sentence again. I'll wait for you right here.....Good. Now go read it again.

Silver's relative scarcity is a vitally-important concept that simply has yet to sink into the minds of almost everybody in the world today. Else, why does silver trade for only $7 and change per ounce, versus nearly $470 per ounce of gold? Stand by, because all that is about to change. First, though, let's make the basic general case for precious metals as an investment.

If used solely as a money substitute, gold (like silver, platinum and palladium) finds its demand extremely sensitive to price changes. In other words, the demand for precious metals as money is price elastic. When the price of precious metals goes up, demand goes down. Ergo, the demand for precious metals must have declined a lot, you might say, because their prices have soared in recent years. Wrong.

Why are today's gold and silver prices half again as high as just a few years ago (many would say gold is almost 100% higher, but they point to a very brief time when it traded at around $260 per ounce)? Because the international value of the dollar has fallen by a third in the same time frame, that's why. Gold and silver haven't gotten more expensive. They are still the same old prices, just dressed in new, inflation-adjusted dollars.

The price increases seen in both gold and silver amply illustrate my book's contention that they are "particularly good means of transporting wealth from one side of an economic meltdown to the other." (Defensive Racism, Ch 12 - Money's End Game: Depression II) The bad news, for those who haven't yet noticed, is that America's economy is in rapid meltdown right now, just as it has been for the past several years. The worse news: The modern meltdown has only just begun and now is showing signs of rapid acceleration, as America's mortgage, bond and stock bubbles, created by the Federal Reserve's (criminally) excessive easy money policies, have begun to burst.

I call what is happening today the "modern" meltdown because today's dollar already is worth something less than 2 cents in 1914 dollars. Prior to 1914, the dollar had been stable, with zero inflation, for well over a century. What happened in 1914? Why, the Federal Reserve System was created, so as to "stabilize the value of the dollar," if you can believe it! Look, I couldn't just make something this ludicrous up. Look it up for yourself if you don't believe me. But, this is both a digression and a topic about which books have been written, perhaps one of the best of which is Eustace Mullins' Secrets of the Federal Reserve. My own book talks about money, precious metals and the Federal Reserve system extensively in its latter chapters, too.

Today's dollar has only one way to go: down. And it is a lot further to the bottom than one might imagine, despite the perspective provided by 1914. As I said on August 15, 2005: "A falling dollar couldn't be a surer bet than it is right this moment, here at the very tippy-top of the fifth and most prodigious bear market rally for the dollar since it started caving three years ago (and subsequently lost 1/3 of its value through the end of 2004)."

Preserving your wealth is more than a good enough reason to convert as many of your assets as possible right now into the form of precious metals, especially the sort you personally hold, such as rare coins and bar and coin bullion. Mining stocks are more volatile, thus possess more upside potential, but also carry significant risk in the event of a complete collapse of the economy.

Also on August 15, I said the following about buying gold and silver: "Back up the truck, boys and girls. Do it now." Since then, leading American and Canadian mining stocks have risen 20%. The spot prices of gold and silver are up about 5% in the same time period.

If my wife would let me, I would sell the ranch, buy gold and silver with the proceeds, then rent for the next two or three years. Women.

That is the basic case for precious metals. Now for Peak Silver. Remember our mantra from above: Silver today is a much rarer precious metal than is gold.

Yes, there still is much more silver in the ground than there is gold - eight times as much. Historically, we have pulled about eight times as much silver from the ground as we have gold, a ratio which has declined only slightly with today's production. Called the "poor man's gold," silver typically has been the least expensive of all the precious metals because it also has been the most plentiful. That was before industry began to use silver in significant quantities, however.

Silver has almost countless modern industrial applications, with both technology and population increases driving demand higher every day. Silver's thermal and electrical conductivity is unparalleled, making it the metal of choice for micro-circuitry. Silver also plays a major role in the medical field, due to its natural antibiotic capability. What's more, silver is one of the few metals that does not corrode, making it essential in modern electrical switches of every sort (including your house and your car). And, yes, the photographic industry continues to consume about a quarter of all silver made available. Silver demand is increasing by leaps and bounds. What's little known is that silver demand has outstripped production for years.

During my lifetime (that's "modern times" to you, despite how you might feel about Bogart movies) we have been using silver a great deal faster than we mine it. Why hasn't the price of silver gone up before this (faster than necessary to counter inflation, that is)? Because the huge, above-ground inventories of silver built up prior to my lifetime (pre Bogie) were added to production in order to meet ongoing demand, that's why. Well, guess what? The stored-up silver now is gone. Just now, in fact. That, or those stores will run out within the next few months, depending upon whose figures you believe.

From here on out, we must live on current silver production alone, all while the non-investment demand for silver continues to grow. We either just passed or are about to reach the point of Peak Silver. In other words, never again will above-ground gold be more rare than silver. That's never again...as in NEVER AGAIN.

Nor will people be melting down their necklaces and heirloom cutlery at anything less than several times the current price of silver. The labor component of such trinkets simply is too high when compared to something like gold, which does see a great deal of jewelry turned in for reprocessing whenever its price jumps.

Owing to the huge industrial demand for silver, which simply does not exist for gold except in fashioning bathroom faucets for Arab oil sheiks, Peak Silver will reflect the price-inelastic demand generated by industrial applications.

The gold-to-silver price ratio also has risen well above the historic mean of 40:1 in recent years, suggesting that either gold will decrease in value or silver will increase. By many traditional measures ("bundle of stocks," "suit of clothes," etc.), gold already is grossly undervalued, due to government rigging of the price via the orchestrated sale and purchase of financial derivatives (again, see my book for a discussion of how gold derivatives temporarily can convert even gold into a fiat currency).

Before silver is done, however, not only should/will/must it revert to the historic gold/silver mean ratio, suggesting a commensurate price for silver of $62.50 per ounce once gold becomes fairly priced. However, silver's scarcity should cause it to surpass even gold's price. Even if I am dead wrong about any upcoming increase in the price of gold, today's gold price alone, when divided by 40, suggests a "mean-ratio value" for silver of $11.75, which is a tidy 60% rise over today's actual silver price!

Why does our government rig financial markets? For the money, of course. Your money. Maintaining monetary stability is a lie, because we had perfectly stable money before the Federal Reserve System was handed control of our money supply. The mark of perfectly stable money is zero inflation, as in no inflation whatsoever. People have forgotten that such is possible and now accept 3% inflation as normal, and seem to view what is about to happen as a temporary inconvenience. People have forgotten the lesson of Depression I.

Yes, what is about to happen is so significant that it will cause us to start numbering our economic depressions, just as we do our world wars. Speaking of which, if you think WWII following Depression I was just coincidence, then you probably don't realize that we already have seen the beginnings of WWIII, which truly is a story for another day.

Unlike gold, silver will not be confiscated. There simply is too little of it around and the dentists couldn't handle the workload. Remember that the Hunt brothers very nearly cornered the world silver market a generation ago. Today, the amount of silver available not only is less, due to the massive reserve depletion that has taken place, but the price is lower than before, even in inflation-adjusted terms (government rigging, don't forget). How low is the price of silver? Well, it is well within the power of a great many individuals (each of them, not all together) to purchase every last ounce of silver that exists above ground today.

This point bears repetition: Silver today is a much rarer precious metal than is gold. Recall our discussion above concerning the price inelasticity of the demand for oil. That goes several times over for silver. Per production unit of consumer and industrial goods and equipment, the consumption of silver is exceedingly small, so that industrial-demand-driven prices are very inelastic. In other words, the price of silver could triple and add but, perhaps, a penny (that's a dollar in future Greenspanbacks) to the cost of your next TV set. Even a hundred-fold increase in the price of silver would not affect the purchase price of most industrial and consumer goods by much. Or a thousand-fold increase, for that matter.

"To the Moon, Alice." That's where the price of silver is headed, now that we have hit Peak Silver. To the Moon.

As I said, back up the truck !.

7 October 2005

"At all times sincere friends of freedom have been rare, and its triumphs have been due to minorities." ---Lord Acton

The AM Fix came in at $472, revealing the continuing cash market strength even as the gold price rises – just what John Brimelow keeps reporting and has done better than anyone else in the world for a very long time.

Republic Bank came out as a seller, taking gold down $2 on the day. However, as mentioned in MIDAS last night, the "new" buyers in the gold market were waiting for the price dip and gold roared back, going up more than $3 for the Comex trading session. Contributing to the sharp comeback was a large order from Goldman Sachs, thought to be for a customer (veteran Café members will recall this happening once before as gold took off).

While reeling, The Gold Cartel continues to do all it can to keep gold from blowing out to the upside. A sharp move up could seriously disrupt the US bond market. Deutsche Bank bombed gold, stopping the surging rally in its tracks. However, after another dip gold came right back to the highs before drifting off on the close.

The gold open interest rose 3167 contracts to 369, 840. Not much for such a substantial move in gold yesterday. Quite remarkable, actually. Tells me allies of The Gold Cartel are no longer enamored with the cabal and their shorting of the market. In the past a $6 gold move up, at elevated levels, might have moved the OI up 15,000 contracts.

The gold open interest is lower than where it was when the gold price was $30 lower. This means we could easily get another 100,000 in new spec buying to send gold up another $75 per ounce from here.

One of the tip-offs today for such superb gold action was how silver held when Republic took the gold price down. It remained 7 cents HIGHER. Yep, good I haven’t had a cold this past week. My "smeller" was right on.

It is very important to keep in mind that silver is like no other market. It can go absolutely bonkers in a day or two. I mean like silver could go $10 bid in a blink. Been there, been a part of that sort of action.