Gold: Past, Present, and Future

Russia and Mexico aren't slowing down on the buying spree. God only knows how much stuff China is hoarding away...

http://www.zerohedge.com/news/russia...rth-gold-march

It’s honestly such a shame that the entire world gets served nothing but absolute morons when it comes to politicians. This guy is actually pleasant to listen to, though—he actually understands economics, unlike the rest of those political clowns/idiots.

http://www.youtube.com/watch?feature...&v=kG2uDf2F3cA

Does anyone actually have a clue how much gold the US would need to back up the dollar? Like, what’s even the total amount of USD currently floating around out there?

Melissa Sanchez17 said:Does anyone actually have a clue how much gold the US would need to back up the dollar? Like, what’s even the total amount of USD currently floating around out there?

Your best bet is checking this here:
http://www.federalreserve.gov/publications/annual-report-2010.pdf
Page 113.

Anthony Evans78 said:Your best bet is checking this here:
http://www.federalreserve.gov/publications/annual-report-2010.pdf
Page 113.

So, we’d need about 1,618 in gold to cover all the cash floating around out there? Did I get my math right on that one?

I’m thinking the figure is closer to 62 tons.

Anthony Evans78 said:I’m thinking the figure is closer to 62 tons.

Yeah. My bad—I should’ve converted that to metric tons instead of ounces. It actually works out to about 50 tons or so. Honestly, that’s just pocket change for someone like Roach to pick up.
BTW, it's pretty wild how all the data comes out showing gold buys from China, Russia, and Mexico... yet there isn't a single word about any European central bank buying up the stuff.

So, here we go again—another crackdown on gold buybacks...

http://stockcharts.com/h-sc/ui?s=$GOLD&p=D&yr=0&mn=3&dy=0&id=p24908096136

Gold has tested that 300-day moving average twice now. Everything still hinges on the Dollar, which looks weak right now, though the DXY managed to hold above 78.65, leaving the door open for a rally. If that happens, gold is going to be back in the crosshairs. If the DXY slips below 78.65 next week—which I don't see happening, but hey, anything can happen—then we’ll know the floor for gold was set at 1613 back on April 4th.

Regarding mining stocks

http://stockcharts.com/h-sc/ui?s=$HUI&p=D&yr=1&mn=0&dy=0&id=p45393481922

I’m betting April 23rd was the bottom for HUI at 422. If gold dips just a hair more this week, we might see miners jump back up to 440 briefly, though I doubt they'll break much past that.

If you're looking to load up on precious metals for the long haul, now is the window. Don't sweat a quick slide to 1600 or a few bucks less over the next week or so.

quiettrucker12 said:Regarding mining stocks

http://stockcharts.com/h-sc/ui?s=$HUI&p=D&yr=1&mn=0&dy=0&id=p45393481922

I’m betting April 23rd was the bottom for HUI at 422. If gold dips just a hair more this week, we might see miners jump back up to 440 briefly, though I doubt they'll break much past that.

If you're looking to load up on precious metals for the long haul, now is the window. Don't sweat a quick slide to 1600 or a few bucks less over the next week or so.

In my view, it is premature to suggest buying based on the PM's statements, especially since the crisis in Spain is only just beginning to intensify.
When there is even a slight tremor in the Spanish economy, stock prices across the EU tend to tumble, and metal prices often follow suit. That has been the established trend thus far. Therefore, I am still waiting for a better entry point—perhaps waiting for another 10% pullback. What are your thoughts?

Best regards,

Mike's latest video (from 15 days ago)

http://www.youtube.com/watch?v=7iZvQ...ature=youtu.be

That’s exactly why you buy gold during a crisis.
So many people sit around waiting for a dip or some specific price target that never comes, and they end up missing the boat entirely.
Just buy it and get some peace of mind. 🙂

Or maybe I should just take this guy's word for it...

http://www.bloomberg.com/video/91747701/

😂😂😂

nimblepanther18 said:In my view, it is premature to suggest buying based on the PM's statements, especially since the crisis in Spain is only just beginning to intensify.
When there is even a slight tremor in the Spanish economy, stock prices across the EU tend to tumble, and metal prices often follow suit. That has been the established trend thus far. Therefore, I am still waiting for a better entry point—perhaps waiting for another 10% pullback. What are your thoughts?

Best regards,

Ben has a much more powerful printing press (Spain is bad news for gold, but they're pushing the Fed toward QE3). We're seeing another sell-off in miners right before the bell today.
If the Dollar manages a quick resurrection, gold could make a third run toward the 300 mark—which is currently at 1629—or perhaps head toward that 75-week average sitting at 1589. Or maybe the bottom was actually back on April 4th at 1613, or we're staring it in the face right now. Miners might just go test those lows from a few days ago.

NEWS FLASH:

"The US saw a massive surplus with the Republic of Austria during the first quarter of 2012. We exported about 44 million Dollars worth of non-monetary gold. Per the Leader.

😍

And then you’ve got these other guys claiming gold is a "done deal" when it comes to a bull market

When the Dollar gets stronger, gold and silver prices—measured in Dollars—tend to drop immediately.

Some folks actually think we might see parity between the Dollar and the Euro—a 1:1 ratio—down the road.

So, what does that mean for the price of gold and silver when you're looking at it through a Dollar lens?
Will the "Dollar" price of gold crawl up toward the Euro's level, or will the Dollar price slide down to meet it?

I assume you all follow my logic here.

Melissa Sanchez17 said:NEWS FLASH:

"The US saw a massive surplus with the Republic of Austria during the first quarter of 2012. We exported about 44 million Dollars worth of non-monetary gold. Per the Leader.

😍

And then you’ve got these other guys claiming gold is a "done deal" when it comes to a bull market

Same exact thing happening with Portugal...

http://www.algarveresident.com/0-468...rowing-exports

rapidsurfer90 said:When the Dollar gets stronger, gold and silver prices—measured in Dollars—tend to drop immediately.

Some folks actually think we might see parity between the Dollar and the Euro—a 1:1 ratio—down the road.

So, what does that mean for the price of gold and silver when you're looking at it through a Dollar lens?
Will the "Dollar" price of gold crawl up toward the Euro's level, or will the Dollar price slide down to meet it?

I assume you all follow my logic here.

Look, parity is definitely on the table. But honestly? Whether the price of gold is listed in Dollars, Euros, or even Pesos doesn't mean a damn thing. What actually matters is its intrinsic value and what it can actually buy you!

Melissa Sanchez17 said:Look, parity is definitely on the table. But honestly? Whether the price of gold is listed in Dollars, Euros, or even Pesos doesn't mean a damn thing. What actually matters is its intrinsic value and what it can actually buy you!

I get that—really, I do—but I'm asking about this ratio for a different reason.
So, if parity shifts closer toward 1:1, does that mean the price of gold in euros climbs to meet the dollar, does the dollar price drop, or do they just meet somewhere in the middle?
Might be a silly question—don't judge me—but I'm curious.

rapidsurfer90 said:I get that—really, I do—but I'm asking about this ratio for a different reason.
So, if parity shifts closer toward 1:1, does that mean the price of gold in euros climbs to meet the dollar, does the dollar price drop, or do they just meet somewhere in the middle?
Might be a silly question—don't judge me—but I'm curious.

In principle, yeah. But honestly? Both currencies are losing ground against gold. You've got the Federal Reserve printing money and the Federal Reserve printing money. That’s eventually going to hit precious metals hard. Just hang in there—QE is right around the corner.

http://hr.seebiz.eu/makroekonomija/a...valo/ar-33939/

http://www.zerohedge.com/news/people...te-lowest-1981