JUst when gold got back on its feet the evil IMF stepped in

I couldn't find the article I read that mentioned that the inflation in the cost of general items could take up to 8 years, but I did find this article, which basically mentions the reasons for such. You have to read into the information to get that it could be 5-8 years.

http://www.taipanpublishinggroup.com/taipan-daily-020110.html

This chart is interesting, as it correlates the increase in the money supply with when the peak in inflation happened. You are correct that it mostly happens around 2 years time. But if you look at this chart, there are places where it takes 5 years or even 6 years before the money supply has an effect on prices. A correlates to 1, B correlates to 2, etc.

http://whatisnotseen.files.wordpress.com/2008/05/inflation2.jpg

You are right, you didn't mention unemployment. I was just trying to say that the TARP money and stimulus was passed about 18 months ago, and if the money was circulating, it would mean there would be money to go around and people would be getting hired. But, since that isn't happening yet, one can only surmise that the money is being hoarded. At some point in the future, the hoarding with stop and the money will circulate and people will be hired again. I believe this is when the inflation will happen the worse.

 

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I would suggest that while the author of the article, Justice Litle, may be a well educated writer with some trading credentials, he isn't an economist and doesn't really understand inflation. The important part, like it or not, is that the excess money is circulating, primarily in the bond market. And grossly inflated bond prices are just as dangerous as any other price increase. If this were not so, the trillion dollars of additional debt added last year would have increased interest rates. But the supply of money in circulation more than offset the additional demand for money by government, so rates were essentially flat. Eventually, the money will move, bonds will collapse, other prices will rise, and all of a sudden people will recognize it as inflation.

 

I'll defer to you this time, as we have derailed this thread off on a tangent. The topic is IMF gold sales, lets keep it that way. Peace.

 

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Ok, It's been a month now since this issue was raised. I gather if they haven't put it on the open market, they don't intend to. I'm guessing these are large gold bars. I believe some of this gold is fake, obviously not all of it, but there are some tungsten bars going around. If it was sold on the open market, they would have to melt it down to make coins or jewelery. If some bars ended up having tungsten it them, the cat would be out of the bag.

 

I don't think a month is that long to sell a large stash of gold bars. It's more like selling a house than selling a stock. I'm going to give it some more time.

Regarding the tungsten bars, I've read the assertions, but nobody ever stepped forward with any hard evidence that this was anything more than another market rumor. Do you have any information indicating from a firsthand source that the story was true? The story seems to be confined to goldbug websites, but I haven't read or viewed an interview with anybody in an official capacity who verified the rumor.

 

I was actually saying that tongue in cheek. I wanted your take on the tungsten bars rumor. I don't doubt that their might be a few out there.....but where and how many is anyone's guess. I think it is foolish to consider that every single Gold bar is pure.

 

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Aside from a 10-year-old video of a filled bar that showed up at a refiner and a 1983 scam, I've never found anything but unsourced rumor and echos of unsourced rumor.

Adrian Ash of Bullionvault points out that 3/4 of gold production doesn't sit in vaults but is put to use by jewelers and industrial customers. Fur would fly if a jeweler melted something and found a tungsten core. He also had some things to say about other claims on the blogs pushing the tungsten story, basically that there were errors that someone with real information would never have made.

 

There's more bumps here than tits on a frog.....

 

The IMF gold is on the marketplace.
However there are mroe rpivate non-state bueyrs currently on the market.
I have two guys in saudi arabia, one in china and one in russia, who who want gold excedding over $100 million. No chance I could supply the order, ro anyone I know, but those buyers are out there.

 

I would guess that most gold moves from miner to refiner to some sort of jewelry gold wholesaler, and never sits in a warehouse for any length of time where there is an opportunity to tamper with it. I haven't seen anything yet that is convincing regarding the tungsten story. If it was a widespread problem, at least one institution would probably be bankrupt by now and at least one person would have undergone a high profile arrest.

We'll just keep bumping this thread for awhile to see what happens. Maybe more time is needed to sell huge amounts of gold. Maybe nobody wants it. Maybe the story was planted in the press to depress the gold price with stories of a large inventory of gold overhanging the market. The least likely outcome would seem to be that nobody wants it.

 

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Great Link!! Thanks for the read!!

 

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i dont know what you are talking about but in india there was a multi billion dollar scam where they were mixing a new metal with gold and no known tests at the time could catch it. when it was finally discovered the report was quickly buried so make of it what you will

 

Your story is what I'm talking about. If there was a multi-billion dollar scam, what companies went bankrupt? Who was arrested? Wouldn't it be news if someone found a way to fool industry standard assay tests? What business news publication or website carried the story [and goldbug sites or youtube don't count]? It is very easy for these stories to get started, but they are tough to verify.