Log in or Sign up
Coin Talk
Home
Forums
>
Coin Forums
>
Bullion Investing
>
NO POLITICS PLEASE!! - Question On Gold Values
>
Reply to Thread
Message:
<p>[QUOTE="GoldFinger1969, post: 4941773, member: 73489"]Randy, I think if we are discussing the pros and cons of various sources of PM information and/or disinformation, we are on steady ground. Right ?</p><p>If you read the Management Discussion & Analysis Section (MD&A), they give more color there.</p><p><br /></p><p><b><span style="color: #ff0000">PM's and gold/silver are simply NOT the stuff that banks make any significant profits on. </span></b> Major Wall Street banks make $20 - $35 billion a year in profits with a normalized rate structure. PM's might make $2 billion in a GREAT year and most years it just a few hundred million.</p><p><br /></p><p>But the RISK taken to make that money isn't worth it. The regulators don't want banks playing in PMs -- this is what The Volcker Rule was all about. Most of the times, the banks are acting as agents for other buyers/sellers.[/QUOTE]</p><p><br /></p>
[QUOTE="GoldFinger1969, post: 4941773, member: 73489"]Randy, I think if we are discussing the pros and cons of various sources of PM information and/or disinformation, we are on steady ground. Right ? If you read the Management Discussion & Analysis Section (MD&A), they give more color there. [B][COLOR=#ff0000]PM's and gold/silver are simply NOT the stuff that banks make any significant profits on. [/COLOR][/B] Major Wall Street banks make $20 - $35 billion a year in profits with a normalized rate structure. PM's might make $2 billion in a GREAT year and most years it just a few hundred million. But the RISK taken to make that money isn't worth it. The regulators don't want banks playing in PMs -- this is what The Volcker Rule was all about. Most of the times, the banks are acting as agents for other buyers/sellers.[/QUOTE]
Your name or email address:
Do you already have an account?
No, create an account now.
Yes, my password is:
Forgot your password?
Stay logged in
Coin Talk
Home
Forums
>
Coin Forums
>
Bullion Investing
>
NO POLITICS PLEASE!! - Question On Gold Values
>
Home
Home
Quick Links
Search Forums
Recent Activity
Recent Posts
Forums
Forums
Quick Links
Search Forums
Recent Posts
Competitions
Competitions
Quick Links
Competition Index
Rules, Terms & Conditions
Gallery
Gallery
Quick Links
Search Media
New Media
Showcase
Showcase
Quick Links
Search Items
Most Active Members
New Items
Directory
Directory
Quick Links
Directory Home
New Listings
Members
Members
Quick Links
Notable Members
Current Visitors
Recent Activity
New Profile Posts
Sponsors
Menu
Search
Search titles only
Posted by Member:
Separate names with a comma.
Newer Than:
Search this thread only
Search this forum only
Display results as threads
Useful Searches
Recent Posts
More...