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

Ok, but this is getting a bit ridiculous. It's been over 3 months since the first post of this thread. Are you going to wait until January of 2012 when someone buys for $1250 and then say, "See, I told you so!" Exactly what time frame are we operating in to say that maybe the "experts" were right?

So far I haven't heard of any sovereign entity that wants to buy the gold, and I posted a link that had a story on the IMF selling around 4-8 tonnes on the open market a week. What more do you want?

 

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Sometimes it's more important to know what will happen than when. Three months is hardly long enough to sell a house let alone a few hundred tons of gold. But in deference to the impatient, I'll let the analysts off the hook.

No more bumps.

 

Okay, it seems that it is time to resurrect this thread. Everything went as expected.

WASHINGTON Dec 21 (Reuters) - The International Monetary Fund said on Tuesday it had concluded the sale of 403.3 tonnes of gold under a program approved in September 2009 to help boost its lending resources. All gold sales were at market prices, including direct sales to official holders, the IMF said in a statement. The gold sales amounted to one-eighth of the IMF's total gold reserves. The fund sold 200 tonnes to India's central bank last year. Other buyers have included Bangladesh, Sri Lanka and Mauritius. The IMF said on Nov. 29 it told 19.5 tonnes of gold in October, but it has not yet provided details of sales in November or December.

 

Interesting... Good resurrection.

 

2nd coming indeed.....

 

Shocker, Nadler wrong about gold. Some think Kitco hired him to provide legal cover in case an investor loses on a gold trade and sues them. Kitco can point to years of Nadler articles and claim their own "expert" advised against gold for the entire 10 year bull run. :devil:

 

Talk about being on both/all teams/all sides of the Super Bowl bid with the boys in Vegas. HAHAHA!

 

"Who's you have to win?"
"Everyone."
"Who's you have to lose?"
"Everyone."
"You can't do that!!!"
"Sure I can. It's called 'hedging.' They taught me on Wall St."


HAHAHA! Oh man, I kill myself with these zingers. HAHAHA!

 

That's very possible. Nadler has been wrong for so long that under normal conditions he would have had his employment terminated. On the other hand, it also throws doubt on the legitimacy of the entire Kitco operation.

 

In ten years when the US fiat currency has taken it's place in the cellar of world currency, those who continued to purchase precious metals despite these discussions, will stand as the winners of the discussion on the merits of holding the noble gold and silver coins. Millions of Americans are converting cash into silver and gold eagles, as well as platinum and soon palladium. It's hard to argue with the thundering herd, as they say, and millions of Americans can't be wrong, can they? Even those junk silver proofs, disabled as they are, will be worth more. The copper cent is on it's way to being worth a nickel, and from there it is just wait it out until each penny is worth a dime- real time. That's classic inflationary projection, and not guesswork. Putting away a purse full of copper will be just like those old purses of dimes and quarters your mom hoarded up in her bottom drawer and closet. Gotta love your gold and silver, and never give up on it. One thing though-is a caution. When the feds outlawed gold in the 1930's, they allowed collectors to keep ONE COIN from each year of their collection. So a thought is to keep dates scattered across a range-like a collector usually does. There is too much temptation for the feds to seize ROLLS OF BULLION EAGLES, like they did with NORFED, to protect their FIAT currency, worthless as it shall assuredly be before our lifetimes' end. And just WHY DO YOU ALL THINK they want a record of every coin sale of gold or bullion that's worth over six or eight hundred dollars....or whatever the level is? That's because in order to know whose pocket to pick you gotta know whose pockets the good stuff is in. That would be called profiling, in case you need a catch phrase. Like when they lay up on roads where they know folks speed, or on corners where bags of pot are sold. "Catch me, catch can"... on steroids. And was Baron Von NotHause of the NORFED coin production effort a FEDERAL schill, with a million dollar honeypot for the rich, disenfranchised, or alienated from politics to cast their final, losing bet? Wouldn't that have been a plan?!
Pick wisely, brothers, because the government intends to be the winner in your finances.