Protect themselves from possible future economic crisis

[gentil33]

I'm talking about the current gold and silver metal price. Gold is at 1330 dollars an ounce, which is ten times less than it should be.

[Obamot]

At this point, everyone starts to buy gold and silver bullion as people have less and less confidence in the dollar and the euro. But for these two metals prices remain stable. If I understand Pierre Jovanovic, is that the Fed, printing tickets mountains, keeps artificially low current. How is this possible ????

Effect described by Christophe + the fact that the dollar is low, it has become "attractive" (and the Federal Reserve counted on this ...). Many bought it thinking that it would go up quickly in the medium term, but it has not stopped falling!
As there is a crisis of confidence, it creates a spiral ...
The worst is for those who had invested the dollars as a "safe haven currency" ... These are biting their fingers because they have in front of them an impossible choice:
1) they take out the dollars for another currency ... but then they lose almost 50% of their stake ... apart from the Euro which was also driven by the dollars, there is hardly anything but the Swiss franc for sure! Or metals ...
2) they do not change anything, but if the dollars continue to fall due to the current crisis and stabilize at a lower level never to rise again ... they could lose even more!

I'm talking about the current gold and silver metal price. Gold is at 1330 dollars an ounce, which is ten times less than it should be.

I am not a "financier", but considering that the dollar lost more than 40% of its value the difference is even larger than one imagines.

[Christophe]

which is ten times less than it should be.

C ad? So what do you think it should be ten times more expensive?

1 ounce = 31,10 g (thank you wiki)
So we have $ 42 per kg?

How would you like it to be $ 420 / kg? Do you have kg under the mattress?

Then oil would be at $ 1000 / barrel in this case ...

[I Citro]

Here it makes me think of a top confidential rumor (an economic bomb as scary as the subprime scandal) according to which banks would sell "fictitious gold" to their clients wishing to buy "safe haven" gold ...
Thus the banks would sell "the wind" and would offer their customers to keep the precious "fictitious" ingots well protected in their coffers ...

The rest of the rumor concerns the fake gold bars that central banks are selling off, in fact bars "filled" with tungsten (because the density of tungten is close to that of gold).

These 2 pieces of information circulated in the high finance media shortly after the discovery of the subprime scandal, but I haven't had any feedback for a long time ...

[gentil33]

In fact, it seems that Americans are frightened that the dollar is no longer the global benchmark currency. That's why they go out of their way to keep the price of gold low. I heard that it is especially important that an ounce of gold does not exceed 1500 dollars psychological threshold according to specialist beyond which, all people will rush to buy gold with the dollar which drops to zero. But I am not an expert on the subject.

[sam17]

I read something about it a few months ago ...

I found an article or two above:

link

March 2, 2010 - This appears to be the first public report of fake gold bars (gold-plated tungsten). The news was released yesterday by Zero Hedge, following a broadcast on German television. The ingot in question is currently in the possession of WC Heraeus, the largest gold refiner in Germany, and even in the world.

with a fairly thorough article on the subject:

link

When the news came of Hong Kong's “tungsten-trafficked” gold bars, many people automatically assumed that they were made in China, because China is generally perceived as the “capital of counterfeiting in the world ".

In any case what strikes me for 6 months is the intensity of the ads for the redemption of gold and jewelry. Several prospectuses per month from English companies seeking to buy all that would be gold.

[Christophe]

In fact, it seems that Americans are frightened that the dollar is no longer the global benchmark currency. That's why they go out of their way to keep the price of gold low. I heard that it is especially important that an ounce of gold does not exceed 1500 dollars psychological threshold according to specialist beyond which, all people will rush to buy gold with the dollar which drops to zero.

Is gold only quoted and buyable in dollars? If yes ok if not, what I think, I do not understand well the relationship with the quotation of the dollar ...

Your remark would be valid with oil, still quoted almost exclusively (there is a stock market in non dollars in Iran) in dollars ... because with oil if the price goes up too much and too fast, the need in currency in circulation increases too quickly, so money printing, high inflation and falling currency ...

An old subject on the famous Iranian oil exchange in Euros: https://www.econologie.com/forums/iran-bours ... t5571.html

And a mega subject on Iran the dollar the USA: https://www.econologie.com/forums/il-faut-sa ... t1484.html

[chatelot16]

: arrow: Here it reminds me of a top confidential rumor (an economic bomb as scary as the subprime scandal) according to which banks would sell "fictitious gold" to their clients wishing to buy "safe haven" gold ...
Thus the banks would sell "the wind" and would offer their customers to keep the precious "fictitious" ingots well protected in their coffers ...

The rest of the rumor concerns the fake gold bars that central banks are selling off, in fact bars "filled" with tungsten (because the density of tungten is close to that of gold).

These 2 pieces of information circulated in the high finance media shortly after the discovery of the subprime scandal, but I haven't had any feedback for a long time ...

Putting money in gold is a way to be independent of banks ... but not by leaving the ingot that we have not even seen in the bank!

[dedeleco]

And have your ingots well hidden at home stolen !!!!

How else to know if the ingot is tungsten coated with gold, without damaging it ????? !!!

By diffusive electromagnetic penetration of the magnetic field, measuring a change in this penetration in depth due to the higher resistivity of tungsten !!

[Christophe]

Pkoi this dedicated question, do you have it at home?