Showing posts with label Finally. Show all posts
Showing posts with label Finally. Show all posts

Friday, March 4, 2016

ALERT: Andrew Maguire – Western Central Planners Have Finally Lost Control Of The Gold Market

Long story short:  if you think you own gold via the gold ETF holdings like GLD, you don't own any gold.  You only have a legal claim to a phantom bar of gold.  The same is true if you are long a gold COMEX futures contract, or have your unallocated gold "stored" in a vault.  These are merely contracts, legal paper claims to gold bars which don't exist.  For every 500 ounces of paper gold traded on a daily basis in financial exchanges, only one ounce of physical gold backs them up.

This is why you should only possess physical gold.

http://kingworldnews.com/alert-andrew-maguire-western-central-planners-have-finally-lost-control-of-the-gold-market/

Saturday, March 28, 2015

Finally The "Very Serious People" Get It: QE Will "Permanently Impair Living Standards For Generations To Come"

When "very serious people" (even if it is those who once ran now defunct Bear Steanrs) announce it, with a 6 year delay, they make the Financial Times.

On the other hand, when Zero Hedge said precisely this 6 years ago, it was cast as a tin-foil clad group of conspirators who see the worst in every situation.

What is "it"? This:
The long-term consequences of global QE are likely to permanently impair living standards for generations to come while creating a false illusion of reviving prosperity.
In this case, it was said this week by Guggenheim's Chairman of Investments and Global Chief Investment Officer, Scott Minerd. We are happy that increasingly more "serious people" come to the same conclusion which we posited first a 6 years ago.