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I'd like to point out one thing: For the "commodity" like Gold with unique stock to flow ratio characteristics, by definition creation of the futures market will result in suppression of the "price". Thank you.

Daddy issues? or ... hold on .... I assume you have invested some cash in Mt.Gox scam :lol: Annoyed much? About Aristotle, and this quote. Again I assume you think it's Aristotle from the ancient Greece, but what if he is not? Well Imagine that it might have been someone else (let it be some...

So ponzi schme is collapsing eh? L :lol: L

In and higher! :D

Yes, German gold stored in US on their behalf does have counterparty risk. I was talking about gold stored within sovereign's borders; lack of clarification - my mistake. Bringing some of the gold back from the states would reduce exposure, it seems as if Bundesbank is on Risk Mitigation Path...

Its not the issue of exchange rate, rather the counterparty risk / failure. Physical gold has no counterparty its payment in full, unlike fiat.

There fixed that for you.

90% of value ? No. 90% of price? Yes.

Whats the reason?

Sure. CB's balance sheets looking like crap, if not hyperinflation then why not a default here or there, or massive Cyprus like event? Plenty of options to choose from.

Well if FED would allow for full audit of gold that is kept in his possession for one entity or the other, there wouldn't be any need for using the: Same as when I read government official numbers for inflation ;) I have heard from Bernank, that gold is "tradition" or "barbarous relic", yet...

Interesting article about serial numbers of specific gold bars. http://screwtapefiles.blogspot.ie/2013/03/screwtales-fed-gold-and-german-tanks.html ;)

Its Soros "exiting / dumping" GLD .... oh wait, he is just taking delivery ..... ;) Could you borrow me $17.000.000 so I can tak delivery myself? Please? :D

Its Bre-X statement under new management. ;)

Yes, embrace my MS Paint skills :lol: Anyway, lots of ppl gonna get burned. Those that have $$ in paper PMs that is.

Dollar index. 72 is the lowest it has ever been (am I right?)

If you wont have a partnership with government [when gold will enter the global stage as the only thing that can balance CB's balance sheets] then your mining company will be fully nationalised - plain and simple. No government will allow for private printing press.

SS grew to be one heck of a community, members are writing and publishing books now :) Eager to get my hands on it :)

Not only at Parity with Silver, but has higher intrinsic value than either Gold or Silver :o New Paradigm! New Paradigm! We all gonna be rich, as its not the banking wizzzzzzzards but tech eggheads/wizzzzzzzards found a sure way to prosperity! :rolleyes: Embrace, celebrate and enjoy.

Just as Kyle Bass said, Europe cant recap the bank, else they'll go broke just like Irish. On the topic: government just like all others: extend and pretend, till the moment it cant. Only escape is the Icelandic way.