So, who really has the gold?
Is it Putin?
Or the hapless imbeciles of the EU?
You now know our bet.
So, who really has the gold?
Is it Putin?
Or the hapless imbeciles of the EU?
You now know our bet.
Apologies for the lack of posting lately.
My excuse is that I really hate my present office and keep playing at making it more workable rather than posting.
Which is sort of true.
Mostly I'm just a little tired of the relentless stupidity that surrounds us and having completed my reading, I sigh and head upstairs to see if I can get the little wiffer to put out.
So anyway and since we were already on the subject.
From The Mail Online, via Leari P. first and then about a dozen more of you .
As always click on the photo for the entire piece.
Wealthy Indian spends £14,000 on a shirt made of GOLD to impress the ladies (and if nothing else it means less ironing for them!)
Shirt took a team of 15 goldsmiths two weeks to construct
Has matching cuffs and a set of rings crafted from left-over gold
By JILL REILLY
PUBLISHED: 11:35 EST, 4 January 2013 | UPDATED: 18:51 EST, 5 January 2013
It is often said that money can't buy love.
But trying telling that to a wealthy Indian man who splashed out £14,000 (that's about $25,000 for the conversion challenged among us) on a solid gold shirt in the hope it will attract female attention.
Money-lender Datta Phuge 32, from Pimpri-Chinchwad, commissioned the shirt which took a team of 15 goldsmiths two weeks to make working 16 hours a day creating and weaving the gold threads.
I'm thinking her lawyer is gonna just love this shirt.
We have got the stuff today as we've been collecting without a post for probably the better part of three weeks now.
So, in no particular order of importance,
Recent Natural Gas pricing offers a primer on the law of supply and demand as supply of Nat Gas drilling rigs rises and falls with the price of Nat Gas.
Prices for Liquid Natural Gas swing wildly from continent to continent as intercontinental transport of Natural Gas remains difficult, expensive and likely dangerous.
Some people took a less serious approach to the Presidential debates than did others.
While President Obama's epic poor performance in the first debate may not cost him the Presidency it most certainly has destroyed what little confidence the country had left in the abilities of the Telestrator in Chief.
When The New Yorker is taking cover shots at a sitting Democrat President, you gotta think all credibility is lost.
Spain has moved past debate as it's rate of unemplyment moves into the mid 20s. The real dark red in the map below is Spain for those of you who are geographically challenged.
The light blue smack in the middle of Europe is Germany, who I'm thinking would really like to stay that color.
"Recortes Son Necesarios" translates as "Cuts Are Necessary" in reference to austerity measures allegedly being implemented by the Spanish governmnent.
We trust you can grasp the meaning in the artwork.
Unbelievably to us among many, the Nobel Committee awarded the Nobel Peace Prize to the European Union despite the violence captured in the photos below.
We happen to be very comfortable laying the blame for that violence directly at the feet of the European Union, among some others.
Which award following that for President Obama inspired the following special offer.
Speaking of unemployment, the Bureau of Labor Statistics reported that the unemployment rate has fallen from 8.1 % in August to 7.8% in September on the strength of some 870,000 plus new jobs 563,000 of which were part time.
This number has been widely mocked as cooked.
While not evidence of cooking on the part of the Labor Department, the following chart of the September Monthly Change to Workers Aged 20-24 reveals the first and only increase in employment in 28 years.
Each bar in the chart below represents a September of some year.
The fact is that September of 2012 is the first month in history that this age group has ever experienced an increase in employment during the month of September ...... you're gonna have to take our word on that last part as I can't find a chart that works.
I don't know what this has to do with anything, but I thought it to be interesting and saved it to whip out the next time there is an uncomfortable lull in the conversation at some cocktail party I may be attending.
From The Pew Forum.
Finally, because I'm out of both time and energy for the moment, that's it for now.
We finish today's report with the fundamental difference between Mom and Dad.
Within that post was a link to a Forbes piece in which they opined that this was a one off deal and that it was higly unlikely that anyone would go to the trouble of counterfeiting gold bars on a large scale.
After we got up off the floor from from our uncontrollable fit of rib breaking laughter, we offered the opinion that it was bars measured in kilos and up that would be of concern.
On behalf of both Forbes and ourselves.
At least ten counterfeit ten ounce bars have been discovered on Manhattan Island in New York City.
Now, here's the real interesting part ... at least to us.
Notice: Chinatungsten Online (Xiamen) Manu.&Sales Corp. is a very professional and serious company, specializing in manufacturing and selling gold-plated bullion and tungsten related products for more than two decades. Our gold-plated bullion tungsten alloy product is only for souvenir and decoration purpose.We can provide all kinds of gold-plated bullion as your requirements. Here we declare: Please do not use our gold-plated bullion products for any illegal purpose. Gold-plated bullion products offered by us are qualified.
We're not to sure what "qualified" means in this conversation.
Therefore, if you are interest in tungsten alloy golden bullion or gold-plated bullion, please feel free to firstname.lastname@example.org, or telephone 86 592 512 9696.
We've been collecting charts again and IMHO have done a slightly better job of adding links this time.
The first, a series of comparisons of California tax receipts, is the one you need to be worrying about ..... or not.
Make no mistake about it, California is Greece, only much, much, much, much ..... bigger.
The public is moving out of stocks as increasingly the stock market resembles a casino.
And are stampeding into bonds where ... IMHO once again ... they are about to get slaughtered ..... see that item on California tax receipts above.
Corn, Gold, Siver and Brent Crude are the best investments of the last five years.
Buy gold ... maybe farmland ..... just sayin.
We haven't quite wrapped our brains around this next one yet.
Both charts link to the methodology employed in their construction.
Among the reasons Goldman Sachs won't be facing criminal prosecution for their activities before, during and after the mortgage fiasco ..... or for anything else for that matter.
Two distinct points of view.
This one might be a bit obscure for those of you that don't trade, still if you can get your mind around the idea of "selling short" Gold you don't have via futures contracts or options and then buying the stuff back in order to make whole or reconcile your position, it should ... OK, Ok maybe could ... fall into place.
The first chart from Kitco is for the daily closing price of Gold or "PM fix" from January 2002 until January 2012 on the Comex, located in New York City and demonstrates what I consider to be just a wonderful upward sloping trendline.
Starting in 2001 with an index arbitrarily set at 100, the chart below shows what would have happened to that investment of 100 whatevers if it had been used to purchase Gold daily at the AM fix on the Comex in New York City and subsequently sell that Gold daily at the PM fix again in New York City on the Comex, replicating the daily percentage performance of Gold in the U.S. intraday market.
What you need to keep in mind here is that the morning fix on the Comex is seldom if ever the same as the previous evening's fix.
This is true of most markets and every exchange.
What this chart is telling you is that had you taken $100,000 and invested it all daily by purchasing Gold to the maximum you were able at the morning fix and subsequently selling all of it back at the evening fix, beginning January 1, 2001, your account would have been reduced to somewhere around $32,000 on or about March 1, 2012.
The following chart is barely more complex.
The red line demonstrates the gains you would have enjoyed employing a buy and hold strategy if you had purchased and held some amount of Gold on Jan 1, 2001 again arbitrarily set at 100, and held it through March 2012.
The blue line demonstrates the gains you would have enjoyed had you bought gold daily at the evening fix on the Comex in New York and then sold it daily at the morning fix, again on the Comex in New York City and then sold short Gold at the morning fix and repurchased Gold to close your short at the evening fix.
Buy at night, sell in the morning, go short with the proceeds then close your short position at the evening close and using the proceeds from that trade repeat the whole process.
Gold goes up all over the world while we sleep and goes down in New York when we're open for business.
It's a fascinating world we live in.
It seems the price of Gold has reached the point where it may be economically feasable to go to the trouble of acquiring a sizable bar, probably at least a kilo, a 5 kilo bar would be even better, drill it out, insert tungston rods and move it on out to some unsuspecting chump.
Tungston has similar properties in terms of mass and weight as does gold.
Two tungston filled bars have been discovered at different locations over the past two years.
I'm thinking they need to start thinking about weeding out some dumbass staff over at Forbes.
Costs a little more than I thought it might.
I'm thinking demand has spiked along with the price of Gold.
Ok let's see here ..... at .708 lbs per cubic inch, you get a .5"(D) by 36"(L) rod for $429 ..........
Damn, I think I can make this work.
The Electronic Privacy Information Center (EPIC), obtained hundreds of documents from the Department of Homeland Security through the Freedom of Information Act and found details of an arrangement with General Dynamics in which DHS has been paying the defense contractor to monitor social media websites and other Internet communications to find criticisms of the department’s policies and actions. The company was contracted to monitor the Web for ‘reports that reflect adversely on DHS,’ including sub-agencies like the Federal Emergency Management Agency, Citizenship and Immigration Services, Customs and Border Protection and Immigration and Customs Enforcement.”
As opposed to opinion dressed as news most everywhere.
Yes of course, the picture ... click on it.
India to pay gold instead of dollars for Iranian oil.
Oil and gold markets stunned.
India is the first buyer of Iranian oil to agree to pay for its purchases in gold instead of the US dollar, DEBKAfile's intelligence and Iranian sources report exclusively. Those sources expect China to follow suit. India and China take about one million barrels per day, or 40 percent of Iran's total exports of 2.5 million bpd. Both are superpowers in terms of gold assets.
By trading in gold, New Delhi and Beijing enable Tehran to bypass the upcoming freeze on its central bank's assets and the oil embargo which the European Union's foreign ministers agreed to impose Monday, Jan. 23. The EU currently buys around 20 percent of Iran's oil exports.
The vast sums involved in these transactions are expected, furthermore, to boost the price of gold and depress the value of the dollar on world markets.
You should be listening to your Uncle Roany here ..... buy gold!!!!!