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....and they will call them "debit cards". :D

Obfuscation it is, then!

So, now the question would be... Why has been GOFO deprecated? Thinking logically, I can only conjure 3 possibilities: - it was useless or it became useless - it's been replaced by something better - obfuscation Any idea?

I found a post by Bron, end 2014, where he discusses negative GOFO. He also points out at the possibility of that being caused by increasing gold leasing rates due to demand by shorts as wrcmad says: http://goldchat.blogspot.co.uk/2014/12/how-historic-is-this-negative-gofo.html In another post...

I read that GOFO data is not being published anymore by LBMA since Feb this year?

Now, since I'm personally quite interested in the meaning and history of money, I've been hit by the two points above. It's obvious that the USD is sky high... But rather than because of trust in the USD I think it's because of loss of faith in fiat currencies in general. Clearly the status of...

Thanks for the explanation. If the question is directed at me, the answer is as stated earlier: eager to learn; since the Comex stockpile and backwardation are often mentioned by many, it's only natural that I'm curious about it. Now I guess that we'll have to wait for someone to come forward...

Yes, please, I'm eager to learn about it.

Yep, he said that. I think I'll buy another couple of oz today....

Only for the kind concession of your government. They can send all of your cash savings into oblivion anytime.

Thanks, I'll pass. I played a few times with guys 0 or less.... Too humiliating.

A "fake" 30.

Taxation is the mean by which governments force a particular type of money onto their citizens. Without that, people are basically free to use any kind of money they like, until a de-facto standard emerges.

I can see big confidence there..... What's your hcp?

Thanks Pirocco! I agree with you, of course. I bet that also some asian central banks will gladly help us goldbugs to absorb part of the goods on offer.

I don't want to go into the specifics of the discussions simply because I hate statistics (on average every human being has one testicle) and I'm not knowledgeable enough to draw judgements on TA debates. I just wanted to suggest to double check and then triple check before making absolute...

I wouldn't bet on this if I were you, mate.

Yeah, I know. Plain bullion, no relief, no match for PM lunars. But I like the style.

What about this?

The assumption that gold/crude and gold/silver ratio will drop from historical high is a big one.... But I understand why you are thinking like that, if you consider gold a normal commodity.