tag:blogger.com,1999:blog-6089228851855763774.post5906882020500986752..comments2024-02-05T17:24:09.663+08:00Comments on Gold Chat: Gold The Most Explored Mineral CommodityBron Sucheckihttp://www.blogger.com/profile/00530576934994289879noreply@blogger.comBlogger14125tag:blogger.com,1999:blog-6089228851855763774.post-91913075770787121772012-01-10T17:06:08.471+08:002012-01-10T17:06:08.471+08:00Interesting that is not a closed end fund but and ...Interesting that is not a closed end fund but and ETF with a market maker, but one who is having problems getting the underlying asset. Premiums will occur in that situation, but it will reverse at some point.Bron Sucheckihttps://www.blogger.com/profile/00530576934994289879noreply@blogger.comtag:blogger.com,1999:blog-6089228851855763774.post-50289061388432892492012-01-10T06:25:58.264+08:002012-01-10T06:25:58.264+08:00Bron, you might find this interesting
http://www....Bron, you might find this interesting<br /><br />http://www.bloomberg.com/news/2012-01-09/municipal-debt-etf-rallies-five-days-to-record-as-supply-of-bonds-declines.html<br /><br />It seems Sprott's 'silver' ETF is not the only thing trading at a premium. I don't buy their explanation though.Justinnoreply@blogger.comtag:blogger.com,1999:blog-6089228851855763774.post-87237551792567717672012-01-09T18:02:52.553+08:002012-01-09T18:02:52.553+08:00now now Bron... please don't confuse 'em ...now now Bron... please don't confuse 'em with facts.<br /><br />The fairy stories are exciting, and its often fun to hear them.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-6089228851855763774.post-68527696785968344242012-01-09T11:25:37.776+08:002012-01-09T11:25:37.776+08:00This was my response to that statement at http://s...This was my response to that statement at http://screwtapefiles.blogspot.com/2012/01/is-someone-paying-zero-hedge-to-post.html<br /><br />Where does Turd get his info "that orders over $1 million go at 30% over"?<br /><br />Why aren't any of these desperate buyers coming to the Perth Mint? We'd make an absolute fortune selling 1000oz bars at 30%. Hey, I'm sure our Treasurer will do deals at 25%, you can save 5%!Bron Sucheckihttps://www.blogger.com/profile/00530576934994289879noreply@blogger.comtag:blogger.com,1999:blog-6089228851855763774.post-34048650050248860902012-01-09T06:12:59.714+08:002012-01-09T06:12:59.714+08:00Hey Bron,
rumor weekend on the silver front, agai...Hey Bron,<br /><br />rumor weekend on the silver front, again.<br /><br />Some are suggesting $1M+ orders of silver = 30+% premium to spot...my understanding is, generally, price is lower the more one buys...<br /><br />any insight would be great.<br /><br />CheersAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-6089228851855763774.post-51189242667804064542012-01-08T11:28:45.315+08:002012-01-08T11:28:45.315+08:00Ok, all you Anonymous, your examples leave a lot t...Ok, all you Anonymous, your examples leave a lot to be desired. <br /><br />If the government sets the value of anything, you cannot give that as an example of a good ratio. I mean, if we make Anonymous president, he can set the silver to be 100 more valuable than gold by decree. So what?<br /><br />As for the Ancient Egyptian example, I could pick an islan in Polynesia where beef is more valuable than any previous metal. Why, I wonder? Set up a nice efficient trade network, good mining te hniques, and tell me about the price of silver in modern Egypt.<br /><br />The only thing I agree with is "never say never" - for a limited space/time interval anything is possible.Seernoreply@blogger.comtag:blogger.com,1999:blog-6089228851855763774.post-29662916253193307782012-01-05T20:08:46.506+08:002012-01-05T20:08:46.506+08:00Good read on the hostory of money: What is “money”...Good read on the hostory of money: What is “money”? Is it the same as “currency”? What about gold?<br /><br />http://whataboutmarx.blogspot.com/2012/01/what-is-money-is-it-same-as-currency.htmlAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-6089228851855763774.post-36539091617905751052012-01-05T16:37:10.409+08:002012-01-05T16:37:10.409+08:00A scholarly article called "Ancient Egyptian ...A scholarly article called "Ancient Egyptian Silver" in "The Journal of Egyptian Archaeology", Vol.67, 1981, says "... silver in Ancient Egypt was highly prized and was a relatively rare metal when contrasted with the more readily available gold... even in later times silver was valued more highly in Egypt than, say, in the Aegean world. Cerny has shown that during the New Kingdom the gold/silver ratio remained fairly constant at 2:1, and this was maintained even into the Persian Period as compared with a value of about 13;1 in other parts of the ancient world..."<br /><br />There is only one constant in this universe, viz. change.<br /><br />If I had a penny for every time some ignoramus said, "That will never happen...", verily I would be a mega-millionaire.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-6089228851855763774.post-23346364125391616832012-01-05T07:22:28.288+08:002012-01-05T07:22:28.288+08:00"50% of all money spent on non-fuel mineral e..."50% of all money spent on non-fuel mineral exploration during the last 15 years was spent on gold exploration."<br /><br />Going on the share price of most of these 'explorers', they ain't doing a real flash job.Justinnoreply@blogger.comtag:blogger.com,1999:blog-6089228851855763774.post-67718298958830413932012-01-05T05:10:16.344+08:002012-01-05T05:10:16.344+08:00http://professorfekete.com/articles.asp
check out...http://professorfekete.com/articles.asp<br /><br />check out "140 years of silver volatility"<br /><br />where is sprott these days anyways? the lows may thus be near :)<br /><br />at the end of this, there will be a lot of silverbugs holding the bag, shaking their heads, wishing they bought physical gold instead.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-6089228851855763774.post-90460488678342086872012-01-05T00:05:31.812+08:002012-01-05T00:05:31.812+08:00"With the bullion in a silver dollar worth
fi..."With the bullion in a silver dollar worth<br />five cents more than the bullion in a gold dol<br />lar the cross of gold does not look so yellow<br />and the crown is not so thorny as it was. ."<br /><br />From http://chroniclingamerica.loc.gov/lccn/46032385/1919-12-01/ed-1/seq-1/ocr/<br /><br />Via: http://dont-tread-on.me/?p=5769Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-6089228851855763774.post-56763427599847889092012-01-04T23:54:00.844+08:002012-01-04T23:54:00.844+08:00"Come on, if it's going to overshot, it m..."Come on, if it's going to overshot, it might as well overshoot to 1:1. "<br /><br />Actually, at one point in America's history, it did just that very thing you describe...Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-6089228851855763774.post-90894190853372922662012-01-04T23:18:43.152+08:002012-01-04T23:18:43.152+08:00This article was just too timid.
Come on, if it&...This article was just too timid. <br /><br />Come on, if it's going to overshot, it might as well overshoot to 1:1. <br /><br />While we're at it why not surpass gold for a while - isn't the "logic" that the great masses will only be able to "afford" silver, and create that truly extraordinary demand?<br /><br />Sheeesh!Seernoreply@blogger.comtag:blogger.com,1999:blog-6089228851855763774.post-60973023752755270922012-01-04T17:55:38.931+08:002012-01-04T17:55:38.931+08:00When I was first looking at precious metals I soug...When I was first looking at precious metals I sought out some people my family trusted to get their opinions (as I knew less than zero), one of whom was a well respected gentleman at a large wealth management firm (he was also a closet pm bug). He told me that silver could go to $1000.. I stopped listening to him shortly after, but it's always struck me how a successful man could entertain such a remote possibility, let alone tell it to me (I was I think 19 at the time). Thank god I didn't know what leverage was.Anonymousnoreply@blogger.com