iShares COMEX Gold Trust (IAU)
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IAU Forum Topics
- All Comments on IAU
- General Discussion on IAU
- Decoupling Of Physical Gold And Paper Gold Prices [view article]
- Dichotomy in W. European Gold and Silver Prices [view article]
- Fannie/Freddie’s Insolvency and Gold’s Immediate Outlook [view article]
- Negative Real Rates of Return Should Force Investors into Precious Metals [view article]
- Sell Gold in May and Go Away? [view article]
- The 7 'Golden Rules' of Picking a Gold Stock [view article]
- Gold: Down Short/Medium Term; Higher Long Term? [view article]
- Four Reasons Why Gold's a Slam Dunk Investment [view article]
- Bespoke's Commodity Snapshot (9/2/08) [view article]
- Gold Production and Reserves: Stage Two [view article]
- Crazy 2008 [view article]
- Weekly Market Outlook: Sept. 2 - 5 [view article]
loading ...Recent IAU Articles
- Dichotomy in W. European Gold and Silver Prices
- Negative Real Rates of Return Should Force Investors into Precious Metals
- Gold Production and Reserves: Stage Two
- Gold: Down Short/Medium Term; Higher Long Term?
- Crazy 2008
- Weekly Market Outlook: Sept. 2 - 5
- Bespoke's Commodity Snapshot (9/2/08)
- Decoupling Of Physical Gold And Paper Gold Prices
- Four Reasons Why Gold's a Slam Dunk Investment
- ETF Update: Coffee, Cocoa and Sugar ETFs Strong; Silver ETF Up; Commodities Bottom
- Full List of Articles »
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Decoupling Of Physical Gold And Paper Gold Prices [view article]
Five points:1. We did not have trillions of dollars of debt.
2. We were a nation of net savers then. Now we are net spenders.
3. US$ is currently the world reserve currency, which means the rest of the world holds an ocean full of this stuff.
4. Back then the dollar is backed by silver and gold. Today it is backed by the government's promise.
5. Gold and silver have over 3,000 years of history. US dollar has been around for about 40 years (after Bretton Woods). Reply
Dichotomy in W. European Gold and Silver Prices [view article]
gigem, apparently you don't realize how difficult it is to take delivery. Most brokerages won't let you do this. The fact that you have to buy 5000 ounces for silver and 100 ounces for gold knocks most people out of this market.Also, dealers don't keep stock other than small amounts. You'd know this if you ever bought gold or silver. When you go to a dealer to purchase a metal, they immediately call a broker, and make a deal with them for delivery.
I'd also like to point out that if every American just bought 1 ounce of silver in a year, that would be the entire years production of silver on the entire planet. It's an extremely rare metal, and people are starting to realize this. Reply
Fannie/Freddie’s Insolvency and Gold’s Immediate Outlook [view article]
Absolutely brilliant! I'm reading this in September 2008 and it's more relevent now.Furthermore Iwould like to promote my Obama tattoos at obamatattoos.com where you can get quality Obama Temporary Tattoos that are made in the USA. Hurry over while supplies last to get yours! Reply
Dichotomy in W. European Gold and Silver Prices [view article]
gigem - That sounds reasonable. Like I said, I really don't know what to think. The dealers are probably scared s***less to buy ahead because they're getting whipsawed all over the place.I do think that it's in the best interest of central banks to have low gold and silver prices... but I'm not entirely convinced of their ability to collude and control those markets.
The "proof in the pudding," so to speak, will occur when a lot of people begin to take delivery on their COMEX contracts, and force the shorts to actually produce the metal at a low price (providing that physical metal is actually more expensive).
As for me, my metals are a savings account. I just wanted to keep money in a form that I wouldn't blow, and also protect me from a declining currency. The increase in value over the past few years (or rather the decrease in dollar value) has been great, but it's not my prime motivator. Reply
Dichotomy in W. European Gold and Silver Prices [view article]
In August, a few futures traders shorted an awful lot of silver and gold futures, and I for one, would like to see an audit to see if there really was any of the real metal behind the futures. I think they should have to "stand and deliver"! If they can't then they should face the consequences and the question of is there really a shortage of silver and gold would be moot!Reply
Negative Real Rates of Return Should Force Investors into Precious Metals [view article]
This line of thinking may only stick with institutions & sound investors, most people who tuck away their savings @ the local bank has no real concept of inflation/deflation; then again, smart money controls pretty the majority. ReplySell Gold in May and Go Away? [view article]
With gold as high as it is, many people are looking to unload broken and unused gold items they have around the house. YourGold.com buys gold of all shapes and sizes. ReplyDichotomy in W. European Gold and Silver Prices [view article]
“In times of universal deceit, telling the truth is a revolutionary act” – George Orwell.Reply
Dichotomy in W. European Gold and Silver Prices [view article]
Los Pepes, let me suggest another possibility. Dealers were buying silver at 17.50 at the end of July. Then the price cratered very quickly. Nobody with inventory wants to sell it for 13 bucks. So they are waiting for a bounce. The large dealers will find sources of supply and begin selling again. Tulving, Apmex, and others are selling again today. The smaller local guys have to buy at these new lows before they will sell again. ReplyDichotomy in W. European Gold and Silver Prices [view article]
I've been buying bullion for perhaps 4 or 5 years. About a month or so ago I put in an order with a company that I've been buying from week after week since I began (online).These guys have always had good prices, great shipping, and super-fast delivery. I would say on average it takes 4-5 days for my stuff to get to me. But I digress...
This last order that I placed was very, VERY small. How small? It was a total of TWO coins: a 10th ounce (1/10 oz.) Gold Eagle, and a single 2008 Silver Eagle. Compared to almost every order I've placed in the last several years, this was a non-issue, small order just for the sake of ordering.
It took me almost 4 weeks to get my order.
Look - I don't know what's going on. I don't know if it's a simply a matter of fabrication delays, or if there really is a shortage. I do know that the amount of physical silver in the COMEX warehouses is peanuts compared to the amount of buy/sell contracts in the silver futures market, likewise with gold. Very few people that trade in those markets have any intention of actually touching any metal, ever.
The only thing that I do know is that something isn't right. If fabrication isn't keeping up with demand, the price of the metal should bid up enough to convince more people to bring their already fabricated products back to the marketplace, and that clearly isn't happening. Everyone is buying new silver and gold becuase there is no old product around, which is unusual.
I Reply
The 7 'Golden Rules' of Picking a Gold Stock [view article]
I wonder about ETFs.. essentially they are a piece of electronic paper supposedly backed by bullion. They are however, not convertible to gold..they trade in dollars. No one really knows if the bullion is actually there and if it is .. is it levered like the banks capital. Banks can loan out money at the ratio of 9 to 1, are ETFs "gauranteeing&quo... conversion to bullion in the same fashion. Essentially ETFs are derivatives and are subject to reverse levering .. I would avoid them and hold the bullion directly. Physical gold prices have been going down but it is virtually impossible to buy physical gold from coin dealers.. they are complaining about lack of supply. Perhaps the gold price are being artificially suppressed by the use of ETFs. ReplyCourtenay
Gold: Down Short/Medium Term; Higher Long Term? [view article]
Today's reaction in the US stock markets tells a different story than the artificially supported US dollar. But as you wrote Angelo, we can't deny the reality of what is occurring and it would be delusional to think we know when things will change. Thanks for what you wrote and contributed. ReplyCourtenay
Negative Real Rates of Return Should Force Investors into Precious Metals [view article]
I certainly agree with your observations. Negative sentiment is reaching some levels that also means we might be close to a tipping point. Thanks for your article ReplyDichotomy in W. European Gold and Silver Prices [view article]
NO CLH,Losers make sure they're first to post on articles when they have nothing to say. Good luck with your strong dollar!
When the investing public can buy bullion near spot, all this talk will stop, but that is simply not happening. Reply
Negative Real Rates of Return Should Force Investors into Precious Metals [view article]
Calmy stay with gold and silver. Royalty among currencies. At least regard them as an insurancepremium mot to lose wealth. Reply