Log in or Sign up
Coin Talk
Home
Forums
>
Coin Forums
>
Bullion Investing
>
What's going on with PM?
>
Reply to Thread
Message:
<p>[QUOTE="doug444, post: 1986378, member: 38849"]I can't tackle the broad question, but certainly the interest-rate analogy is faulty. When interest rates are rising, people and institutions allocate more capital to bonds, bank accounts, and derivatives, simply to earn the interest which PM's don't. This drop in demand puts a lid on PM prices; over time, gold prices and interest rates tend to show an inverse relationship. Personally, I continue to buy PM's with funds from collectibles sales.</p><p><br /></p><p>If you happen to believe that gold and silver prices are seriously manipulated, then the prices in the marketplace are almost meaningless anyway. Below is a Reuters headline of May 23, 2014. Barclay's is the 7th largest bank in the world. Not unreasonable to think that a week's worth of profits from their scheme would easily cover a $44 million fine.</p><p><br /></p><p><font size="6"><b>Barclays slapped with $44 million fine over gold price fix</b></font></p><p><br /></p><p>You can find plenty of dependable news sources reporting price manipulation. Do you think they would have paid the fine if they were innocent?</p><p><br /></p><p>This website has a good comparative graph, but I couldn't copy it:</p><p><a href="http://www.minefund.com/commodity-charts/real-gold.php" target="_blank" class="externalLink ProxyLink" data-proxy-href="http://www.minefund.com/commodity-charts/real-gold.php" rel="nofollow">http://www.minefund.com/commodity-charts/real-gold.php</a>[/QUOTE]</p><p><br /></p>
[QUOTE="doug444, post: 1986378, member: 38849"]I can't tackle the broad question, but certainly the interest-rate analogy is faulty. When interest rates are rising, people and institutions allocate more capital to bonds, bank accounts, and derivatives, simply to earn the interest which PM's don't. This drop in demand puts a lid on PM prices; over time, gold prices and interest rates tend to show an inverse relationship. Personally, I continue to buy PM's with funds from collectibles sales. If you happen to believe that gold and silver prices are seriously manipulated, then the prices in the marketplace are almost meaningless anyway. Below is a Reuters headline of May 23, 2014. Barclay's is the 7th largest bank in the world. Not unreasonable to think that a week's worth of profits from their scheme would easily cover a $44 million fine. [SIZE=6][B]Barclays slapped with $44 million fine over gold price fix[/B][/SIZE] You can find plenty of dependable news sources reporting price manipulation. Do you think they would have paid the fine if they were innocent? This website has a good comparative graph, but I couldn't copy it: [url]http://www.minefund.com/commodity-charts/real-gold.php[/url][/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
>
What's going on with PM?
>
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...