N********n
发帖数: 8363 | 1 From Jim Rickards during his latest King World News interview
I think the paper dollar is on its way to collapse but that doesn't mean the
end of the United States or the United States power. What's really, really
interesting to me is that the United States is an awesome gold power. You
know we never talk about it because nobody ever wants to talk about gold, I
mean no one in an official capacity.
But if you think of the world in terms of oil reserves, and people have done
that a lot over the last thirty years. You know and the role of OPEC and so
forth. You know you divide the world into those that produce oil, those who
consume oil.
An awful lot of concern has gone into the oil industry and the movement of
oil around the world. Well, think of gold the same way. And very few people
have ever done this. But when you start to think of the world in gold space
instead of oil space, you very quickly realize that the United States is the
Saudi Arabia of gold.
We have over 8,000 tons. And that's more than any other country. The euro
system has 10,000 tons. These are metric tons, by the way. The euro system
has 10,000 metric tons. But that's a consortium of 16 members, 16 central
banks, so it's Spain and Italy and Germany and the Netherlands and a number
of other countries.
It's not all on the books of the European Central Bank. In fact, relatively
little is on the books of the ECB, most of it is in the national treasuries
of those countries. But, collectively, if they wanted to act as a unit,
under the one currency banner, the euro, they've got 10,000 tons, so they're
a gold power.
Russia is desperately short of gold. China is short of gold. India, Brazil
are kind of pathetic. Japan and the UK are kind of pathetic. None of these
countries have anywhere near the gold that they need to support their money
supply.
So the US as we're a military superpower, we're also a gold superpower, we'
re also one of the ten largest producing countries in the world, producing
approximately 200 tons a year out of a total global output of a little over
2000 tons. So we're producing almost 10% of the world's output. So we’re a
major producer, we’re a major hoarder of gold.
And, in addition to that, there is over 6000 tons of foreign official gold
that is stored in the United States that we could always convert if we
wanted to. If that gold is at the Federal Reserve Bank of New York, the
United States could just secure it.
We could send in a military convoy and move it to West Point or some secure
US location and then just give the Europeans a receipt. So we could actually
up our gold supply to over 14,000 tonnes very, very quickly. So we are a
gold superpower.
In a way, the Fed could afford to trash the paper dollar, or at least
experiment and risk trashing the paper dollar because if the paper dollar
collapses, we could just go back to gold pretty easily. But the rest of the
world can't, especially if we take their gold. | N********n
发帖数: 8363 | 2 JR has lots of interesting thoughts about gold & dollar lately.
Here's my take: 1) US is unlikely to still have 8,000 tons of gold after
decades of price manipulation. 2) Government hates losing the ability to
print money so they will not voluntarily return to gold standard. 3) When
US does default (there's no other alternative) they will default on both
TBills and foreign gold they keep for. 4) Gold standard will be restored
one way or another so government fighting it only makes transition a lot
wilder than necessary so get ready for rough times ahead.
BTW if you're a new comer to gold investment then a weekend stop by King
World News listening to all the latest comment by gold PROs is a must-do.
Here's the URL: (pay special attention to "Weekly Metals Wrap")
http://kingworldnews.com/kingworldnews/Broadcast/Broadcast.html | s**********n
发帖数: 868 | 3 I've been wondering about your view on silver.
What will be silver's status when gold re-emerges as the real money?
Doesn't your signature line imply an recurrence of ancient Gold/silver ratio
of about 15? If this is the case, silver is actually a way much better buy
than gold at this moment.
Silver actually has industrial usage and does get "consumed" and lead to
short supply. On the one hand scarcity makes it more expensive, on the other
hand I have no idea how this scarcity will kill silver's status as money.
In all fairness many more scarce materials aren't considered as precious as
gold. It's a profoundly puzzling problem that gold's status is quite related
to its uselessness, while silver is increasingly deviating from that.
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【在 N********n 的大作中提到】
: From Jim Rickards during his latest King World News interview
: I think the paper dollar is on its way to collapse but that doesn't mean the
: end of the United States or the United States power. What's really, really
: interesting to me is that the United States is an awesome gold power. You
: know we never talk about it because nobody ever wants to talk about gold, I
: mean no one in an official capacity.
: But if you think of the world in terms of oil reserves, and people have done
: that a lot over the last thirty years. You know and the role of OPEC and so
: forth. You know you divide the world into those that produce oil, those who
: consume oil.
| N********n
发帖数: 8363 | 4
Three weeks before the current silver rally I posted the series below on
STOCK board telling people to get on the train, and I was mostly ignored.
If you are interested in silver, then try the link.
http://www.mitbbs.com/article_t/Stock/32967709.html
【在 s**********n 的大作中提到】
: I've been wondering about your view on silver.
: What will be silver's status when gold re-emerges as the real money?
: Doesn't your signature line imply an recurrence of ancient Gold/silver ratio
: of about 15? If this is the case, silver is actually a way much better buy
: than gold at this moment.
: Silver actually has industrial usage and does get "consumed" and lead to
: short supply. On the one hand scarcity makes it more expensive, on the other
: hand I have no idea how this scarcity will kill silver's status as money.
: In all fairness many more scarce materials aren't considered as precious as
: gold. It's a profoundly puzzling problem that gold's status is quite related
|
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