tag:blogger.com,1999:blog-6089228851855763774.post4597946003552445657..comments2024-02-05T17:24:09.663+08:00Comments on Gold Chat: Turnover and Fractional MemesBron Sucheckihttp://www.blogger.com/profile/00530576934994289879noreply@blogger.comBlogger8125tag:blogger.com,1999:blog-6089228851855763774.post-31811615121153297782011-08-07T22:19:31.805+08:002011-08-07T22:19:31.805+08:00There is a famous saying: "Its not what you p...There is a famous saying: "Its not what you paid for your gold its how much of it do you have." This is physical gold in your hands...not paper gold that doesn't existCash for Old Goldhttps://www.blogger.com/profile/08870673239417152061noreply@blogger.comtag:blogger.com,1999:blog-6089228851855763774.post-26358755832142757862011-07-26T09:35:38.080+08:002011-07-26T09:35:38.080+08:00Thanks, that stuff is great source material and he...Thanks, that stuff is great source material and helps in understanding how CBs treat gold. I particularly like this:<br /><br />"Gold bullion held as a reserve asset is the only financial asset with no corresponding liability."Bron Sucheckihttps://www.blogger.com/profile/00530576934994289879noreply@blogger.comtag:blogger.com,1999:blog-6089228851855763774.post-38104630718555325122011-07-21T17:55:40.688+08:002011-07-21T17:55:40.688+08:00An update with more info:
http://anotherfreegoldb...An update with more info:<br /><br />http://anotherfreegoldblog.blogspot.com/2011/07/system-of-national-accounts-2008.html<br /><br />I suppose this OECD doc says it all about un/allocated gold accounts and treatment of gold.@mortymer001https://www.blogger.com/profile/13047624328777522777noreply@blogger.comtag:blogger.com,1999:blog-6089228851855763774.post-82750985527277425632011-07-19T16:08:36.636+08:002011-07-19T16:08:36.636+08:00Here is another one:
http://anotherfreegoldblog.b...Here is another one:<br /><br />http://anotherfreegoldblog.blogspot.com/2011/07/reverse-transactions-based-on-oecd.html<br /><br />...its important to set definitions if people want to argue or make statements. I hope it helps to many to understand better...@mortymer001https://www.blogger.com/profile/13047624328777522777noreply@blogger.comtag:blogger.com,1999:blog-6089228851855763774.post-75025593157090865442011-07-19T09:33:35.436+08:002011-07-19T09:33:35.436+08:00Thanks for the links mortymer, Paul Tustain is, as...Thanks for the links mortymer, Paul Tustain is, as Pat says, one of "those who have actually traded these markets".Bron Sucheckihttps://www.blogger.com/profile/00530576934994289879noreply@blogger.comtag:blogger.com,1999:blog-6089228851855763774.post-54660805842495004422011-07-19T01:03:35.362+08:002011-07-19T01:03:35.362+08:00If you're not part of the hype you're part...If you're not part of the hype you're part of the conspiracy. Bron may well be the hitman hired by the M15/Mossad to run down/assassinate Andrew McGuire rather than some unfortunate who began hitting the bottle a little early in the London day. <br /><br />Sane precious metals market commentary/analysis is the rare exception that proves the lunatic fringe rule. <br /><br />Investor in PM sector since late 'Eighties with the purchase of some 100oz silver bars only a decade early. Caught the '93 gold fund runup. Late 'Nineties had 20%-25% of assets in a couple South African gold miners. Last five years have kept 5% allocation in a single silver miner stock Silvercorp, adding in and taking off accordingly. It roundtripped from 1 to 10 back to 1 then to 15<br />(3:1 split adjusted 3 to 30 back to 1.50 on the way to 45.) Keeping allocation constant resulted in selling on the way up, buying on the way down and harvesting a lot of gains. When silver fell from 50 to 35 the stock was cut in half, from 16 to 8. I felt it was pretty stupid betting on a single horse in a narrow volatile sector like silver and still think it stupid but continue doing it anyway because I've never made any money being smart. Looking at the past few years of price action pretty much the same gains would have been accomplished with any of purer play major silver producing peers...SLW, SSRI, PAAS etc.<br /><br />Silver tends to get dragged along with gold like a redheaded stepchild often lagging then catching up spectacularly as in the spike to 50 and au/ag ratio compression. Juiced up beta, exposure to gold market movements through a smaller allocation to silver/stocks freeing up capital to deploy elsewhere, at least that's the idea, so far so good with a strict risk management discipline. Over 5%, sell and under 5% buy, no ifs ands or buts. <br /><br />Having messed around in these PM markets for thirty years I find the commentary and analysis from those who have actually traded these markets on behalf of clients<br />for most their adult professional working career to more helpful in understanding (and roundly reviled by the bug community for it...Jeff Christian, Andy Smith et al) than the other stuff that gets far greater circulation and viral appeal authored by seemingly anyone with bedroom slippers and a lawnchair.Pat Shuffnoreply@blogger.comtag:blogger.com,1999:blog-6089228851855763774.post-79945489991234809322011-07-18T21:02:54.717+08:002011-07-18T21:02:54.717+08:00This older article explains a lot:
http://goldne...This older article explains a lot: <br /><br />http://goldnews.bullionvault.com/gold_LBMA_042020104<br /><br />there are some my Paul TustainĀ“s pics at:<br />http://anotherfreegoldblog.blogspot.com/2011/07/more-of-paul-tustain.html<br /><br />(...in case you are interested.)<br /><br />Personally I appreciate how you try to put light in the clouds of misinterpretation and misunderstanding :o)<br /><br />IMVHO... during the last 3+ years which I dedicated to self-educating on this area I found more "shades of grey" in the gold market than I xpected. Many objectives, many understandings of events. Few people who I took in the beginning as "authorities" lost lately connecting with the leading group of thinkers.<br /><br />The fact is a fact is a fact is the quote of the day. :o)<br /><br />Good job!@mortymer001https://www.blogger.com/profile/13047624328777522777noreply@blogger.comtag:blogger.com,1999:blog-6089228851855763774.post-67112323126845152802011-07-17T11:50:10.448+08:002011-07-17T11:50:10.448+08:00Great post, thought provokingGreat post, thought provokingPetehttps://www.blogger.com/profile/13424744710145557605noreply@blogger.com