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Europe's central banks halt gold sales - Financial Times

 
Anonymous Coward
User ID: 1112260
Denmark
09/27/2010 05:39 PM
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Re: Europe's central banks halt gold sales - Financial Times
they dont sell the acual gold, just a paper saying that you have bougth gold, and the the banking institution is holding it for you. ( what they dont tell is that they have sold 5 times as mutch gold as there exists)
 Quoting: Anonymous Coward 1112305

Well said i was thinking that

burnit
FreeDoom

User ID: 1110382
United States
09/27/2010 07:06 PM
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Re: Europe's central banks halt gold sales - Financial Times
plenty of gold..for 1310 an oz..taking orders all day long..just dont take delivery...please?
Philippines  (OP)

User ID: 1003925
Philippines
09/27/2010 08:15 PM
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Re: Europe's central banks halt gold sales - Financial Times
plenty of gold..for 1310 an oz..taking orders all day long..just dont take delivery...please?
 Quoting: FreeDoom


You can buy lots of gold bullion at Hong Kong. Have to pay in cash, and anything more than $9,999 USD requires your passport to be copied.
Separate science and government.
Anonymous Coward
User ID: 1111333
United States
09/27/2010 08:18 PM
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Re: Europe's central banks halt gold sales - Financial Times
Vote republican and save the nation.
Anonymous Coward
User ID: 898033
United States
09/27/2010 08:25 PM
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Re: Europe's central banks halt gold sales - Financial Times
maybe sales have stopped due to lack of things to sell? bump
Anonymous Coward
User ID: 898033
United States
09/27/2010 08:25 PM
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Re: Europe's central banks halt gold sales - Financial Times
Vote republican and save the nation.
 Quoting: Mothball

meet the new boss, same as the old boss
Anonymous Coward
User ID: 1111465
Mexico
09/27/2010 08:38 PM
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Re: Europe's central banks halt gold sales - Financial Times
Pent up demand,,, to peak the price on an artificial shortage, so the sheeple will scramble to collect all their pennies, and TPTB will empty their vaults to the panicked stricken hungry masses. Buying at its peak, they'll watch their "investment" tumble in value as the bubble quickly deflates...
Anonymous Coward
User ID: 1091225
United States
09/27/2010 09:12 PM
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Re: Europe's central banks halt gold sales - Financial Times
All you goldtards and silvertards, you cannot EAT Gold and Silver. Invest in FOOD.
Anonymous Coward
User ID: 905800
Mexico
09/27/2010 09:18 PM
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Re: Europe's central banks halt gold sales - Financial Times
maybe sales have stopped due to lack of things to sell? bump
 Quoting: Anonymous Coward 898033



putin
BloodRed

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09/27/2010 09:22 PM
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Re: Europe's central banks halt gold sales - Financial Times
theend
~ Y'all Are CrAzY Doom Tards!! But I love y'all anyway... well, not the shills, not so much... ~

~ Wanna know what we're all here for? THEY know: [link to www.youtube.com] ... So if _THEY_ can manage this, why in the world are WE such hateful fail-tards, people ........ ? ~
Wake Up
Let Me Off This Crazy Ride!!

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United States
09/27/2010 09:36 PM

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Re: Europe's central banks halt gold sales - Financial Times
Pent up demand,,, to peak the price on an artificial shortage, so the sheeple will scramble to collect all their pennies, and TPTB will empty their vaults to the panicked stricken hungry masses. Buying at its peak, they'll watch their "investment" tumble in value as the bubble quickly deflates...
 Quoting: Anonymous Coward 1111465


This is the best explanation I read all day!!! Thank you AC!! Makes complete sense now!!
Philippines  (OP)

User ID: 1003659
Philippines
09/27/2010 10:13 PM
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Re: Europe's central banks halt gold sales - Financial Times
Pent up demand,,, to peak the price on an artificial shortage, so the sheeple will scramble to collect all their pennies, and TPTB will empty their vaults to the panicked stricken hungry masses. Buying at its peak, they'll watch their "investment" tumble in value as the bubble quickly deflates...


This is the best explanation I read all day!!! Thank you AC!! Makes complete sense now!!
 Quoting: Wake Up


This assumes there is something in the vaults to sell to meet the demand around the world. The problem is that no one knows how much gold is actually in the vaults, and I'd love to know how much "paper" gold is being sold to see if there is overselling or not.
Separate science and government.
Anonymous Coward
User ID: 1111465
Mexico
09/27/2010 11:28 PM
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Re: Europe's central banks halt gold sales - Financial Times
Pent up demand,,, to peak the price on an artificial shortage, so the sheeple will scramble to collect all their pennies, and TPTB will empty their vaults to the panicked stricken hungry masses. Buying at its peak, they'll watch their "investment" tumble in value as the bubble quickly deflates...


This is the best explanation I read all day!!! Thank you AC!! Makes complete sense now!!


This assumes there is something in the vaults to sell to meet the demand around the world. The problem is that no one knows how much gold is actually in the vaults, and I'd love to know how much "paper" gold is being sold to see if there is overselling or not.
 Quoting: Philippines


And you assume they will sell everything all at once. They wont. As the value of gold tumbles, many who have over bought -- affecting their disposible income -- will sell their gold back at a lower price to be bought by the movers and shakers. They hoard it again, gold price increases, the temptation to buy increases, and the cycle is repeated sold again at a higher price to the next group of suckers.
Anonymous Coward
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United States
09/28/2010 08:14 AM
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Re: Europe's central banks halt gold sales - Financial Times
[link to www.cnbc.com]


The lack of heavy selling is important for gold prices [XAU=X 1287.95 -8.10 (-0.62%) ] both because a significant source of supply has been withdrawn from the market, and because it has given psychological support to the gold price. On Friday, bullion hit a record of $1,300 an ounce.
Philippines  (OP)

User ID: 1003925
Philippines
09/28/2010 07:25 PM
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Re: Europe's central banks halt gold sales - Financial Times
Pent up demand,,, to peak the price on an artificial shortage, so the sheeple will scramble to collect all their pennies, and TPTB will empty their vaults to the panicked stricken hungry masses. Buying at its peak, they'll watch their "investment" tumble in value as the bubble quickly deflates...


This is the best explanation I read all day!!! Thank you AC!! Makes complete sense now!!


This assumes there is something in the vaults to sell to meet the demand around the world. The problem is that no one knows how much gold is actually in the vaults, and I'd love to know how much "paper" gold is being sold to see if there is overselling or not.


And you assume they will sell everything all at once. They wont. As the value of gold tumbles, many who have over bought -- affecting their disposible income -- will sell their gold back at a lower price to be bought by the movers and shakers. They hoard it again, gold price increases, the temptation to buy increases, and the cycle is repeated sold again at a higher price to the next group of suckers.
 Quoting: Anonymous Coward 1111465


I don't assume any banks will sell their gold at once. In fact, this thread is about the Europe Central banks halting gold sales. They may... or may not... sell gold (not all of it) as it "peaks". Demand will be there gobble it up as the prices go down. The price will go back up. (This is the pattern for the last 2+ years).
Separate science and government.





GLP