I found myself singing "there may be trouble ahead" as I read the lower half of this report. I can't think why🤭 Poor ol' bullion banks, I bet the air in those offices turned blue a few times. Keep an eye on the exit for anyone leaving carrying a cardboard box 🤫
The plight of the bullion banks reminds me a bit of LTCM back in 1998. They’ve made anomaly bets which presume that historical relationships will reassert themselves. But those relationships are broken because Asian buyers don’t care about US non-farms payroll numbers or anything else which determines how many extra confetti dollars they might earn on US Treasuries.
Mitch : Spot On - I'm singing the same song with a fair degree of ' Gusto ' as I write this - perhaps we ought to be thinking about setting up a choir ..??
As far as keeping an eye on the exit to see box carrying banksters on their way out to penury , I agree - ' BUT ' for my own part I shall be standing across the street with my beady eye's fully trained on the roof and top floor's of their ' Ivory Towers ' so that I can be one of the first to see the like's of Jamie Dimon / Dick Fuld / Greenspan / Yellen / Rubin & Summers ..et al
fling themselves to the ground ...so that I can clap & cheer my head off whilst consuming copious amounts of beer & bacon roll's as they mash themselves into the sidewalk (pavement)
What a beautiful thought - I might even think about selling tickets and buying a fast food consession so that I can flog burger's & hot dog's to all of the other like-minded folk who'll doubtless turn up as well to see these Scum depart on the fast track to the - ' Pits Of Hell ' ..etc .
Just a passing thought - Time , ' Me Thinks ' for a little drinky & a lie down in a darkened room
Mitch : Think you're doing yourself an injustice here - Your voice can't be that bad.?
You've got to remember that you'll be so out of your skull on ' Tennants ' / ' Irn Brew'
and meth's - that you'll not give a toss about you're rotten voice & will almost certainly crank up your volume to 10 + - just to piss people off - No ..??
Oof, straight to the jugular. Hmm, wonder if we'll see bloodstained cracked paving slabs on Ebay on a sliding scale depending on who's nogging smacked it. Save me a couple of bacon butties please 👍🏻
Mitch : YES - " Straight to the Juglar " - it's the only way . At the end of the day
the " Take no Prisoner's " methodology will always / generally keep you out front
and alive for obvious reasons .
Where your proposal viz the cracked paving slab's and their pricing structure is concerned - Food for thought here , but however this is ultimately structured , I think
we've got to respect our Mentor & take Physical & Physical only ... NO FIAT ..!!
⭐️⭐️⭐️⭐️⭐️ review. I subscribed to Mr MacLeod’s Substack three months ago and am delighted with the results. Every week, my gold holdings appreciate as if by magic. Highly recommended!
I really enjoyed your recent interview regarding the great takeback. If a person had shares in a stock investing account with a large bank Would ther be any advantage to asking for the share certificate itself and holding it personally in a safe keeping ?
There’s been a lot of chat about the identity of the price-insensitive buyers pushing up the gold price. Isn’t the obvious answer that foreign central banks are trying to repatriate their gold in light of the seizure of Russian assets and the US custodians have been fractionally reserving their holdings and are now scrambling to meet redemptions.
Colin : Agree with your summation per the " Price Insensitive Buyers " which for sure include various Central Banks ( mainly eastern ) - but then add to this all of the insiders / Family Office's
and Sovereign Wealth Fund's who are in their hoovering up every last possible vestige of
' The Physical ' - then you've got what's tantamount to a burgeoning " Perfect Storm " before
we , the unter-mensch & the little people ( Macleod Acolyte's apart ) even get a sniff of what goes on - at which point physical will have gone ' Unobtanium ' ..& then some .
As regards the ' Price Insensitivity ' though - this a clear misnomer if there ever was , as in real terms and when you crunch the numbers you find in relative / comparative terms that Gold
even at current ' Record Levels ' is pretty much as cheap or cheaper than it's ever been .
AND THEN YOU COME TO SILVER : Which as of today is essentially half it's previous record high which was USD / $ 50 or so back in the 80's . Whip out your pocket calc for this and then factor in the humungous supply side deficit's against massive demand - and I think that any one with eye's to see will realise that the COMEX and the LBMA are skating on wafer thin , and cracking ice , and how a ' Force Majeure ' cometh our way sooner than most imagine ..etc
True enough , as per everything that you've noted . The one thing that constantly baffle's me is how it's taken so very long to reach this ' Point of No Return ' that's just around the corner - when for decade's ( certainly since 1971 ) & possibly since 1913 and the establishment of ' The Fed ' , it's been all too apparent to anyone with a modicum of the old ' Grey Matter ' that this was a blatant Ponzi Scheme totally reliant upon the issuance of never ending fresh debt which would take an exponential hockey stick like " Reach For The Sky " near its expiration before it plummeted down to crash & burn .with much weaping & whimpering along the way - Unsustainable or What ...!! - Personally , I didn't see this ' Cluster Fuck ' going any further than 2015 - 2016 sort of time at the latest .....Show's how much I know ..??
Guess it lasted this long because they were all in on it and making shed loads to be added to their offshore accounts ready for when they scatter to 4 winds to avoid the flack that would certainly be coming their way 🤔
Colin
I love the idea that I am somehow responsible for the appreciation of everyone's gold holdings, but that is the ultimate in hubris!😂
Nice to hear some of my subscribers singing a happy song! But actually, it is serious.
Robert—
Yes, it is better to have a share cert. But it might involve some expense. Just make sure the shares are worth keeping!
I found myself singing "there may be trouble ahead" as I read the lower half of this report. I can't think why🤭 Poor ol' bullion banks, I bet the air in those offices turned blue a few times. Keep an eye on the exit for anyone leaving carrying a cardboard box 🤫
The plight of the bullion banks reminds me a bit of LTCM back in 1998. They’ve made anomaly bets which presume that historical relationships will reassert themselves. But those relationships are broken because Asian buyers don’t care about US non-farms payroll numbers or anything else which determines how many extra confetti dollars they might earn on US Treasuries.
Simon Gedye - 5th March .
Mitch : Spot On - I'm singing the same song with a fair degree of ' Gusto ' as I write this - perhaps we ought to be thinking about setting up a choir ..??
As far as keeping an eye on the exit to see box carrying banksters on their way out to penury , I agree - ' BUT ' for my own part I shall be standing across the street with my beady eye's fully trained on the roof and top floor's of their ' Ivory Towers ' so that I can be one of the first to see the like's of Jamie Dimon / Dick Fuld / Greenspan / Yellen / Rubin & Summers ..et al
fling themselves to the ground ...so that I can clap & cheer my head off whilst consuming copious amounts of beer & bacon roll's as they mash themselves into the sidewalk (pavement)
What a beautiful thought - I might even think about selling tickets and buying a fast food consession so that I can flog burger's & hot dog's to all of the other like-minded folk who'll doubtless turn up as well to see these Scum depart on the fast track to the - ' Pits Of Hell ' ..etc .
Just a passing thought - Time , ' Me Thinks ' for a little drinky & a lie down in a darkened room
Oh aye, and about the choir bit. Thanks for the offer, but I'll pass. Nobody wants to hear me sing 🎶🤣
Simon Gedye - 5th April
Mitch : Think you're doing yourself an injustice here - Your voice can't be that bad.?
You've got to remember that you'll be so out of your skull on ' Tennants ' / ' Irn Brew'
and meth's - that you'll not give a toss about you're rotten voice & will almost certainly crank up your volume to 10 + - just to piss people off - No ..??
Oof, straight to the jugular. Hmm, wonder if we'll see bloodstained cracked paving slabs on Ebay on a sliding scale depending on who's nogging smacked it. Save me a couple of bacon butties please 👍🏻
Simon Gedye - 5th April .
Mitch : YES - " Straight to the Juglar " - it's the only way . At the end of the day
the " Take no Prisoner's " methodology will always / generally keep you out front
and alive for obvious reasons .
Where your proposal viz the cracked paving slab's and their pricing structure is concerned - Food for thought here , but however this is ultimately structured , I think
we've got to respect our Mentor & take Physical & Physical only ... NO FIAT ..!!
⭐️⭐️⭐️⭐️⭐️ review. I subscribed to Mr MacLeod’s Substack three months ago and am delighted with the results. Every week, my gold holdings appreciate as if by magic. Highly recommended!
I really enjoyed your recent interview regarding the great takeback. If a person had shares in a stock investing account with a large bank Would ther be any advantage to asking for the share certificate itself and holding it personally in a safe keeping ?
Thanks
There’s been a lot of chat about the identity of the price-insensitive buyers pushing up the gold price. Isn’t the obvious answer that foreign central banks are trying to repatriate their gold in light of the seizure of Russian assets and the US custodians have been fractionally reserving their holdings and are now scrambling to meet redemptions.
Simon Gedye - 5th April
Colin : Agree with your summation per the " Price Insensitive Buyers " which for sure include various Central Banks ( mainly eastern ) - but then add to this all of the insiders / Family Office's
and Sovereign Wealth Fund's who are in their hoovering up every last possible vestige of
' The Physical ' - then you've got what's tantamount to a burgeoning " Perfect Storm " before
we , the unter-mensch & the little people ( Macleod Acolyte's apart ) even get a sniff of what goes on - at which point physical will have gone ' Unobtanium ' ..& then some .
As regards the ' Price Insensitivity ' though - this a clear misnomer if there ever was , as in real terms and when you crunch the numbers you find in relative / comparative terms that Gold
even at current ' Record Levels ' is pretty much as cheap or cheaper than it's ever been .
AND THEN YOU COME TO SILVER : Which as of today is essentially half it's previous record high which was USD / $ 50 or so back in the 80's . Whip out your pocket calc for this and then factor in the humungous supply side deficit's against massive demand - and I think that any one with eye's to see will realise that the COMEX and the LBMA are skating on wafer thin , and cracking ice , and how a ' Force Majeure ' cometh our way sooner than most imagine ..etc
Skating on wafer thin ice with hot shoes!
Simon Gedye - 5th April
True enough , as per everything that you've noted . The one thing that constantly baffle's me is how it's taken so very long to reach this ' Point of No Return ' that's just around the corner - when for decade's ( certainly since 1971 ) & possibly since 1913 and the establishment of ' The Fed ' , it's been all too apparent to anyone with a modicum of the old ' Grey Matter ' that this was a blatant Ponzi Scheme totally reliant upon the issuance of never ending fresh debt which would take an exponential hockey stick like " Reach For The Sky " near its expiration before it plummeted down to crash & burn .with much weaping & whimpering along the way - Unsustainable or What ...!! - Personally , I didn't see this ' Cluster Fuck ' going any further than 2015 - 2016 sort of time at the latest .....Show's how much I know ..??
Guess it lasted this long because they were all in on it and making shed loads to be added to their offshore accounts ready for when they scatter to 4 winds to avoid the flack that would certainly be coming their way 🤔