tag:blogger.com,1999:blog-6089228851855763774.post8019106647211741195..comments2024-03-29T07:10:06.022+08:00Comments on Gold Chat: A metallic standard to save the economy and one central bankers will acceptBron Sucheckihttp://www.blogger.com/profile/00530576934994289879noreply@blogger.comBlogger11125tag:blogger.com,1999:blog-6089228851855763774.post-24235123572383830392013-12-12T06:52:10.837+08:002013-12-12T06:52:10.837+08:00"Fe to Fe Oxide" ha ha, of course - you ..."Fe to Fe Oxide" ha ha, of course - you expect me to remember high school chemistry?<br /><br />And no, no one asks. That sort of info would be known to BBs but maybe would not make it any further unless 2nd tier orgs like Perth Mint or GoldMoney dealing in 400oz bars say so. Bron Sucheckihttps://www.blogger.com/profile/00530576934994289879noreply@blogger.comtag:blogger.com,1999:blog-6089228851855763774.post-77834664750420374752013-12-11T19:52:53.522+08:002013-12-11T19:52:53.522+08:00And a serious question for you Bron. You say you&#...And a serious question for you Bron. You say you're looking for some premium in the bid of bullion banks for Perth Mint Gold.<br /><br />Have people in important circles asked your advice in this respect?Justinnoreply@blogger.comtag:blogger.com,1999:blog-6089228851855763774.post-56200130816520019902013-12-11T19:47:23.729+08:002013-12-11T19:47:23.729+08:00Seems reasonable. Certainly no more f****d up than...Seems reasonable. Certainly no more f****d up than the present system of a central bank issuing obligations of indeterminable quality, though really junk, it's just that no one realises.<br /><br />You do realise Bron that once again you've inferred the quality theory of money? Rusting iron is a decline in quality, not quantity. Rust is Fe to Fe Oxide.<br /><br />Justinnoreply@blogger.comtag:blogger.com,1999:blog-6089228851855763774.post-18785867556774426622013-12-11T12:42:47.630+08:002013-12-11T12:42:47.630+08:00in case you didn't know....turd is the word an...in case you didn't know....turd is the word and knows all and see's all.<br /><br />the gomer "pyle" of gold and silver crusaders is calling everyone out and taking on all who dare question or imply any other outcome then his vision of JPM being vanquished....unless of course they manipilate gold and silver much higher....then everything is ok.<br /><br />the hypocrisy and the grandiose pompocity of it all is simply incredible. good thing he wears a very large hat.<br /><br />Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-6089228851855763774.post-65338473607727315372013-12-11T08:50:56.741+08:002013-12-11T08:50:56.741+08:00The point of 400oz 9950 bars is they are what &quo...The point of 400oz 9950 bars is they are what "spot" is, and should never trade at discount or premium ex-London.<br /><br />And, no, a BB isn't going to pay a premium for 9999 400oz bars. If a refiner can't sell its output as value added product and has to make 400oz bars to ship to London (and decides to make 9999 purity) then that is their problem and the wholesale market just takes them in an treats them the same as any other 400oz bar.<br /><br />It is rare for those 9999 bars to get a premium, but BBs will charge a premium if there is demand.Bron Sucheckihttps://www.blogger.com/profile/00530576934994289879noreply@blogger.comtag:blogger.com,1999:blog-6089228851855763774.post-39773376108664240752013-12-11T08:12:25.134+08:002013-12-11T08:12:25.134+08:00Then have you ever seen 9950 400oz bars with a dis...Then have you ever seen 9950 400oz bars with a discount to the spot? <br />By and by, you mentioned 9999 bars had a premium due to the Asian demand. But 9999 bars are purer than 9950 bars. Shouldn't purer bars have a premium?Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-6089228851855763774.post-27043823546881151472013-12-11T06:42:13.047+08:002013-12-11T06:42:13.047+08:00Sam, I disagree with the FOFOA coatcheck theory re...Sam, I disagree with the FOFOA coatcheck theory re GLD, see http://www.goldchat.blogspot.com/2013/11/more-on-bullion-bank-reserves-delta.html?m=1Bron Sucheckihttps://www.blogger.com/profile/00530576934994289879noreply@blogger.comtag:blogger.com,1999:blog-6089228851855763774.post-71836303725000878672013-12-11T04:37:26.768+08:002013-12-11T04:37:26.768+08:00Bullion banks have plenty of reserves, they are pa...Bullion banks have plenty of reserves, they are parked at GLD. I don't think they will ever desperately bid for gold unless there is a benefit to extending their timeline that I'm not seeing. When their current reserves naturally run dry everyone will be settled in cash, gold will be determined to be an important monetary asset, and bullion banking (lending denominated in gold) will be a thing of the past. Fractional reserve banking of a hard asset isn't designed to last forever. Samhttps://www.blogger.com/profile/01397128468234177166noreply@blogger.comtag:blogger.com,1999:blog-6089228851855763774.post-30488762392827455432013-12-10T21:34:18.924+08:002013-12-10T21:34:18.924+08:00No I've never seen 9950 400oz bars with a prem...No I've never seen 9950 400oz bars with a premium. Bron Sucheckihttps://www.blogger.com/profile/00530576934994289879noreply@blogger.comtag:blogger.com,1999:blog-6089228851855763774.post-25715750572909427712013-12-10T20:26:25.505+08:002013-12-10T20:26:25.505+08:00You mentioned that 400oz 99.5% pure bars don't...You mentioned that 400oz 99.5% pure bars don't have any premium at the moment. But have you ever seen 400oz bars trade at a premium/discount to the spot loco London since you started working in this industry? Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-6089228851855763774.post-65922112184174147572013-12-10T19:11:37.424+08:002013-12-10T19:11:37.424+08:00What about Mercury? Should increase liquidity and ...What about Mercury? Should increase liquidity and run through peoples fingers too<br /><br />:-) obakesanhttps://www.blogger.com/profile/13743339737847465926noreply@blogger.com