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- Is $5,000 Gold Necessary to Re-establish A Gold Standard?
- Will Cyber Monday See Its First Billion Dollar Day?
- The Gold Price Over Thanksgiving
- Gold Hump Shifting from Diwali to Xin Nian
- Mr. Evil still likes Gold
- Silver money for China
- Anybody buying this weekend or waiting for a dip on Monday?
- Unbelievable high open interest for December Silver/Massive problems for Europe/Spain/ More on Tropos and the Fed
- Copper: the NEW ‘Poor Man’s Gold’
- China and Copper?
| Is $5,000 Gold Necessary to Re-establish A Gold Standard? Posted: 28 Nov 2010 04:51 AM PST I would conclude that to re-establish a new gold exchange standard probably would require a gold price of about $5,000. [That being said,] I wonder if any of those talking about re-establishing a gold standard have thought about the implications of [such a new price level for gold]? If people are scared of the inflationary impact of QE2, [it begs the question:] What would re-establishing a $5,000 gold standard mean for inflation? Words: 712 |
| Will Cyber Monday See Its First Billion Dollar Day? Posted: 28 Nov 2010 03:24 AM PST Mobile Guru submits: With Black Friday safely behind us, all retail eyes shift to Cyber Monday. Early stats show that the online portion of Black Friday increased over 16% from last year. Last year's Cyber Monday sales approached $900M, which makes it likely that Monday's sales will exceed $1B for the first time on Monday. How big is Cyber Monday in terms of retail? Nearly 90% of retailers participate in some way on Cyber Monday. That is up from 73% the year before, and it will probably be close to 100% next year. Some retailers only offer free shipping as one of their big inducements, but most are offering some unique items at large discounts. Besides the previous brick and mortar retailers, who are heavily into Black Friday and Cyber Monday newcomers such as Groupon, Facebook and Twitter will be participating. Not to mention, a lot of the mobile applications that allow quick reviews and cross price comparisons on different sites. Complete Story » |
| The Gold Price Over Thanksgiving Posted: 28 Nov 2010 01:59 AM PST Iacono Research |
| Gold Hump Shifting from Diwali to Xin Nian Posted: 28 Nov 2010 01:47 AM PST
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| Posted: 27 Nov 2010 11:35 AM PST |
| Posted: 27 Nov 2010 09:06 AM PST We have been proposing the monetization of a silver coin in Mexico since 2001. According to our proposal a one-ounce coin of pure silver, with no engraved value, would be given a monetary value by the Mexican Central Bank. This coin would exist and circulate as money, in parallel with the paper money system of Mexico. |
| Anybody buying this weekend or waiting for a dip on Monday? Posted: 27 Nov 2010 07:19 AM PST I'm still waiting to pull the trigger on either Mexican Libs or Canadian Maples? Any opinions as they are both about the same price point. |
| Posted: 27 Nov 2010 05:11 AM PST |
| Copper: the NEW ‘Poor Man’s Gold’ Posted: 27 Nov 2010 04:46 AM PST Silver bulls are very familiar with the somewhat facetious label attached to silver: that it is a "poor man's gold". However, as investors to the silver sector have increasingly come to realize, with silver inventories plummeting while silver's importance to our modern economy continues to grow, silver doesn't have to take a "back seat" to any other metal. Meanwhile, the price for a different, semi-precious metal is surging higher, while inventories for it are in steady decline: copper. Since the commodities Crash of '08, I have generally avoided all base metals miners in my portfolio – focusing exclusively on precious metals miners, as it was clear that this sector was going to bounce-back well ahead of any other. However, I certainly never abandoned my general enthusiasm for commodities. We are currently in the early stages of the largest growth-boom in the history of our species. Previously, the next greatest, protracted episode of economic growth was the rebuilding of Europe following World War II. That economic expansion fueled the global economy for decades, before these mature economies began to substitute credit-induced "bubbles" for real economic growth. This is not the situation in Asia, nor in many other emerging/developing economies. Here we see a similar episode of rapid, concentrated expansion – except that it is involving ten times as many people as the post-World War II economic boom. As billions of people in (previously) poorer economies begin to urbanize, their standard of living is quickly moving toward the middle-class affluence which Western economies used to take for granted. There is every reason to believe that a growth-boom fueled by ten times as many people is going to lead to ten times as much total economic growth – meaning that this boom will be ten times as large, ten times as long, or (more likely) some combination of the two. To fuel this unprecedented growth means expanding resource production at the greatest rate in history. Here we immediately see problems. With "peak oil" already a reality for our global economy, we are seeing supply constraints popping-up for many essential raw materials. In this respect, I remain heavily influenced by the superb research and analysis conducted by Chris Martenson. While his video presentation, "The Crash Course" is now several years old, Martenson was so far ahead of his time that the analysis remains "cutting edge". Among the most notable of Martenson's conclusions is that it isn't necessary to be facing absolute limits on the quantities of various minerals in the Earth's crust in order for us to begin facing "peak production" scenarios. Instead, Martenson focuses on two related points. First of all, most of the high-grade/easily accessible mineral deposits for many key minerals have already been found and developed. Thus, we must now dig much deeper, or do much more processing of lower-grade ore in order to simply replace the existing deposits which are drying up. It is an open (and as yet unanswered) question as to whether we are even capable of significantly expanding supply, given the increasing difficulty (and cost) in extracting these resources from the Earth. Secondly, this increased "effort" to mine these minerals directly translates into much greater energy requirements. In other words, it will take many more barrels of oil to produce a ton of refined copper than even a single decade earlier. Thus, as resource production becomes more difficult, it also becomes even more energy-intensive. Even today, in most mines energy is the #2 production cost, behind only labour. This leaves us in a scenario where as oil becomes rapidly more scarce, we will need much more of it to produce every unit of raw materials for this massive, global expansion. |
| Posted: 27 Nov 2010 04:43 AM PST |
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