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<p>[QUOTE="Rono, post: 1616751, member: 6492"]Wow,</p><p><br /></p><p>Nice thread and lots of views. My feeling about Germany repatriating their gold is one of their wanting possession and wanting it audited and assayed. Too many rumours about doctored gold ingots. Too many rumours about multiple owners of the same stash. Not to mention the fact that our gov't is disfunctional and WTF knows what they will or won't do over the next few weeks, months, years. </p><p><br /></p><p>As for demand for gold - it is so broad and deep and diversified that it's been serving as huge support all through this bull run. I've been following the run since '02 and riding it since 02/03. Not because I'm a gold bug - I'm not. I'm a momentum investor and this has been the mother of all trends. Remember the trend is your friend. Ever time gold has pulled back, it's been less severe and for a shorter duration than all the pundits have predicted. This is due to this broad demand. Geez, you've got CBs adding gold to their treasuries. You've got anyone with a traded surplus with the US adding gold for diversification. You've got the survivalists. You've got the collectors. You've got every female in India and now that the Chinese can own gold, you've got the nouveau riche buying bling. </p><p><br /></p><p>You don't need gov't sanction for gold for folks to believe in gold. Indeed, the more the CBs discount gold and the gold standard, the more the 'sheeple' believe in gold. </p><p><br /></p><p>Oh, and I loved the article from Pat Heller. I live in Lansing and Liberty Coin has been my local dealer for some 30 years. Pat's a nice guy but has a tendency to get a bit shrill at times. </p><p><br /></p><p>and so it goes,</p><p><br /></p><p>peace,</p><p><br /></p><p>rono[/QUOTE]</p><p><br /></p>
[QUOTE="Rono, post: 1616751, member: 6492"]Wow, Nice thread and lots of views. My feeling about Germany repatriating their gold is one of their wanting possession and wanting it audited and assayed. Too many rumours about doctored gold ingots. Too many rumours about multiple owners of the same stash. Not to mention the fact that our gov't is disfunctional and WTF knows what they will or won't do over the next few weeks, months, years. As for demand for gold - it is so broad and deep and diversified that it's been serving as huge support all through this bull run. I've been following the run since '02 and riding it since 02/03. Not because I'm a gold bug - I'm not. I'm a momentum investor and this has been the mother of all trends. Remember the trend is your friend. Ever time gold has pulled back, it's been less severe and for a shorter duration than all the pundits have predicted. This is due to this broad demand. Geez, you've got CBs adding gold to their treasuries. You've got anyone with a traded surplus with the US adding gold for diversification. You've got the survivalists. You've got the collectors. You've got every female in India and now that the Chinese can own gold, you've got the nouveau riche buying bling. You don't need gov't sanction for gold for folks to believe in gold. Indeed, the more the CBs discount gold and the gold standard, the more the 'sheeple' believe in gold. Oh, and I loved the article from Pat Heller. I live in Lansing and Liberty Coin has been my local dealer for some 30 years. Pat's a nice guy but has a tendency to get a bit shrill at times. and so it goes, peace, rono[/QUOTE]
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Germany to repatriate & audit 150 tones of gold reserves from ny fed!!!
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