Topic: Why Gold will be flat or GO DOWN!!!!!

[MrOrganic]

I dont think its that simple.

Martin Armstrong this weekend:

"increase the money supply, as the Fed has done, but raise taxes, tax enforcement, and the collapse in the velocity of money will offset any increase."

(Hint: Velocity has never been lower)

http://armstrongeconomics.com/armstrong_economics_blog/

Agreed.  Very interesting perspective.
Thank you

[brewcity]

David, great blog article written by someone with authentic economic comprehension. Thank you for sharing to advance the discussion and knowledge base of this topic's readers.

[davidt3251]

Martin Armstrong is my favorite economic blog, been reading him since he was in maximum security prison.

I still believe MCCs rise, but not due to hyperinflation. Rather increased taxes and regulations are slowing investment, and the threat of bank bail-ins is driving deposits away from banks. Assuming that money continues to go to liquid assets like London real estate and US stocks (both overvalued) then it is also assumed gold/silver/MCC becomes a beneficiary in the process.

[pandamonium]

Gold backed Ruble?   (Barney Ruble)  The Chinese will announce a gold backed Yuan at some point.  Positive for MCC and rare Russian coins too.  Will this increase interest in physical bullion?...........(last month article stated the US has $300 million to $400 million worth of bullion for sale.   $ Trillions of investment capitol on the sidelines looking for ROI.).........


http://news.goldseek.com/GoldSeek/1397023500.php

[pandamonium]

My past wild opinions are becoming mainstream news today, Sprott agrees too.  So i am not totally off base but maybe a bit ahead of the curve.  We can all see what is coming down the pike.  Too much cash looking for ROI and not much bullion to fill the upcoming demand.......It will be a flood of cash chasing bullion.   We should see somewhat similar demand for the Chinese collectible/money market as the public comes to the conclusion China owns the gold, world resources, and the wealth.   So members here and collectors of MCC will be in the sweet spot of investment.   Just my two cents and i have no definite time frame..........


http://kingworldnews.com/kingworldnews/KWN_DailyWeb/Entries/2014/5/9_Sprott_-_Is_It_Possible_That_We_Will_See_$400_-_$1,000_Silver.html

[MrOrganic]

http://www.globalresearch.ca/russia-strikes-out-at-sanctions-and-takes-its-battle-to-the-dollar/5389343

"Russia is making a concerted attack on the status of the America’s greenback dollar as a global reserve currency and is in the process of abandoning the ‘petro-dollar’ as its trading unit for oil and gas.

Russian energy companies have been told to ditch the dollar and sign contracts in rubles and the currencies of partner-countries.

The desire to reduce the use of dollars is in line with China’s aim to promote international use of the Chinese yuan. Other emerging market nations would also like to see reduced American hegemony."

[pandamonium]

Agreed.  Most think the Yuan cannot replace the USD for years.   It could happen much quicker.   We all know the USD is headed down.   Today the Yuan is accepted Worldwide including the West.   Gold/silver will be the utimate currency.   This will propel MCC as it will be considered the best of Chinese money.   Who will not want to own MCC in the near future?.......Investor's sweet spot.....

[wg]

In early 2013 Germany asked for a large portion of its gold back from the New York Fed. It’s a slow process that’s running behind schedule, prompting many to doubt whether the Fed even has all the gold it purports.

http://etfdailynews.com/2014/12/08/why-gold-will-move-higher-in-2015/

[Mirkkanen]

Was it you (WG) who asked US for your gold back? 

[Butch]

The gov'ts of North America and western Europe may have depleted their gold reserves but still plenty private ownership of PMs (and other forms of wealth) in both areas relative to other countries, even growing countries.

Gold going flat?  Impossible. 

[jc888888888]

In early 2013 Germany asked for a large portion of its gold back from the New York Fed. It’s a slow process that’s running behind schedule, prompting many to doubt whether the Fed even has all the gold it purports.

http://etfdailynews.com/2014/12/08/why-gold-will-move-higher-in-2015/

Gold Went up today as the world found out the US has returned a huge gold hoard back to WG and as everyone knows WG never sells this of course could cause a world wide shortage LOL ,Pictures of the reclaimed hoard WG??? :):)

[wg]

still waiting, but that's for sure
the same procedure as every year !  

http://www.goldseiten-forum.de/index.php?page=Thread&postID=230384#post230384

[wg]

only 120 tonnes ... 

Gold is money. The only money not based on credit and without counterparty risk.

http://www.goldseitenblog.com/peter_boehringer/index.php/2015/01/19/comments-re-bundesbankas-announcement-of

[SANDAC]

wg,
Looking good for you    and Mario Draghi is determined to blow gold sky high, in Euro.

[wg]

sandac

it's bad for me .... i'm still a buyer and get less gold. 

best regards
.

.. hole of 30 tons ..

http://www.zerohedge.com/news/2015-01-31/did-federal-reserve-make-major-math-error-when-reporting-its-december-gold-withdrawa