USA Gold - 'ANOTHER' nochmal ein paar Auszüge, haben offenbar nicht viele gelese

verfasst von black elk, 21.05.2001, 12:06

Um den Zusammenhang zu verstehen muß man vorne anfangen, sonst verliert man den Faden.

When the once highly secretive London Bullion Market Association (LBMA) -- its venerable membership comprising the world's largest gold dealers -- published its daily clearing volume for the first time in January 1997, it rocked the tight-knit world of international gold traders and analysts.
According to this first of many subsequent LBMA press releases, thirteen hundred tonnes of gold (representing more than 50% of the world's annual mine production) changed hands daily in this fog-shrouded center of the global gold market. This figure represented over $10 billion per day and $4 trillion per year in bullion banking activity!
The gold market had always stood in austere, quiet contrast to the highly charged, mega-volume world of stocks and bonds. Now this first LBMA report forced analysts, investors, and brokers to reassess their understandings of the gold market. While some revelled in the glow of the large LBMA numbers, others began to raise some very important and rather unsettling questions. First, Why was this much gold on the move? Second, Where was all this gold going? And third, Where was all this gold coming from?
In the final analysis, ANOTHER offers one of the more plausible hypotheses for why the financial markets have acted as they have in the past few years, and therein lies his immense value to the reader, no matter who he is. Again, knowledge as is conveyed in his series of"THOUGHTS!" is rarely to be found outside the highest levels of international finance, and is seldom to be seen bandied about on the front pages of The Wall Street Journal or your favorite financial newsletter.
As explained by ANOTHER, an opportunistic arrangement for massive physical gold acquisition among important petroleum producing and exporting nations could be comfortably facilitated within these astronomical trading volumes now being publicly revealed via the LBMA. For the oil states this meant receiving real money (as opposed to government-sponsored paper) in payment for their depleting oil reserves. For the industrialized countries, this meant a continuing supply of cheap oil to fuel the economic boom already in progress. These transactions were to be cleared through the bustling London gold market. Up until late 1996, the volumes were a tightly kept secret so"the deal" proceeded without the knowledge of the general public.
When the LBMA went public with its figures, it raised the shroud off"the deal." But by then, according to ANOTHER, it no longer mattered. The oil states had already (almost inadvertently) cornered the gold market. As implied by ANOTHER's own words, his motivation for these postings was the discovery by"big traders" in the Far East of this opportune facility to buy gold at ever lower prices. Their subsequent heavy purchases of physical gold upset the delicate balance. Now there was no longer a reason to keep it secret, and hence, the revelation of this extraordinary tale
Date: Sun Oct 05 1997 21:29
ANOTHER ( THOUGHTS! ) ID#60253:
Everyone knows where we have been. Let's see where we are going!
It was once said that"gold and oil can never flow in the same direction". If the current price of oil doesn't change soon we will no doubt run out of gold.
This line of thinking is very real in the world today but it is never discussed openly. You see oil flow is the key to gold flow. It is the movement of gold in the hidden background that has kept oil at these low prices. Not military might, not a strong US dollar, not political pressure, no it was real gold. In very large amounts. Oil is the only commodity in the world that was large enough forgold to hide in. Noone could make the South African / Asian connection when the question was asked,"how could LBMA do so many gold deals and not impact the price". That's because oil is being partially used to pay for gold! We are going to find out that the price of gold, in terms of real money ( oil ) has gone thru the roof over these last few years. People wondered how the physical gold market could be"cornered" when it's currency price wasn't rising and no shortages were showing up? The CBs were becoming the primary suppliers by replacing openly held gold with CB certificates. This action has helped keep gold flowing during a time that trading would have locked up.
(Gold has always been funny in that way. So many people worldwide think of it as money, it tends to dry up as the price rises.) Westerners should not be too upset with the CBs actions, they are buying you time!
So why has this played out this way? In the real world some people know that gold is real wealth no matter what currency price is put on it. Around the world it is traded in huge volumes that never show up on bank statements, govt. stats., or trading graph paper.
The Western governments needed to keep the price of gold down so it could flow where they needed it to flow. The key to free up gold was simple. The Western public will not hold an asset that going nowhere, at least in currency terms. ( if one can only see value in paper currency terms then one cannot see value at all ) The problem for the CBs was that the third world has kept the gold market"bought up" by working thru South Africa! To avoid a spiking oil price the CBs first freed up the publics gold thru the issuance of various types of"paper future gold". As that selling dried up they did the only thing they could, become primary suppliers! And here we are today. In the early 1990s oil went to $30++ for reasons we all know. What isn't known is that it's price didn't drop that much. You see the trading medium changed. Oil went from $30++ to $19 + X amount of gold! Today it costs $19 + XXX amount of gold! Yes, gold has gone up and oil has stayed the same in most eyes.
Now all govts. don't get gold for oil, just a few. That's all it takes. For now! When everyone that has exchanged gold for paper finds out it's real price, in oil terms they will try to get it back. The great scramble that"Big Trader" understood may be very, very close.
Now my friends you know where we are at and with a little thought, where we are going.
Why did LBMA go public?
Ever notice how many important middle eastern people keep a residence in London. It's not because of the climate. The most powerful banks in the world today are the ones that trade oil and gold. It is in the"city" that the deals are done by people who understand"value"! Westerners should be happy that they do because the free flow of oil and gold has allowed this economic expansion to continue this past few years.
Understand that oil is still traded for a certain number of US$ but after the deal is done a certain amount of gold is also purchased"with the future flow of oil as collateral". If the world price of gold gets to high then the oil price is falling. So long as gold stays cheap in currency terms oil will be in good supply.
Too hard to follow? If real physical gold trading dries up it's price will rise forcing down the value of oil. All this year physical gold volume kept drying up as paper short volume exploded. But,each time before a squeeze started to run the price the CBs would sell thru LBMA. You see, when paper trading ( of anything ) volume dries up it's a bearish sign but when real physical gold volume drops it's bullish! Thats because gold is being cornered on a scale never seen in history. LBMA is doing it's best to show real volume exists! The problem is,"if the CBs don't expand their roll as"primary suppliers" LBMA will implode and in the process create the greatest bull market in oil and gold the world has ever seen. That is why some"Big Traders" are holding ONLY gold as events unfold. Interesting, don't you think?
Date: Thu Oct 09 1997 19:00
ANOTHER ( THOUGHTS! ) ID#60253:
"Gold is the only money the world has ever known" Sounds like a simple thought but it isn't.
" Money is whatever people say it is" - Not true!
"Currency is whatever a government says it is" - True!
"The LBMA problem"
I can now make clear for all to see.
Background; to understand the following you must rethink your basic knowledge of money and investments. Get your aspirin ready.
Some time ago gold not only was used as money but also circulated as currency. It had always been money and people had no use for a separate currency to represent"gold money" so they stamped the gold itself and used it as circulating currency. From the start, one thing most thinkers can't quite grasp is that"money does not have to circulate"! The first"world money", gold money that is, could stay locked up and still represent value and wealth. People had but to agree on who owned it in exchange for goods and services. You have all read the articles about how paper receipts for"gold money" were later circulated and became paper currency receipts, then paper currency, then just currency.
The western world today, as we know it does not use money! They use"paper currency". To fully understand what that really means you must come to terms with this fact." When you use paper currency you are placing a value using another persons concept of value" You are using a thought as a means of value! When an investment in stocks, bonds, bank accounts, CASH, businesses etc. is priced in US$ currency you are really holding the"intentions of providing value" locked away in the thoughts of another mind.
This type of human interaction works well for a time, as the last 100 years or so proves. But, it is highly unstable to say the least. It has it's own self distruct code written inside each mind. One day ( it has already started ) a type of nuclear chain reaction will occur in the currency markets as people start"unvalueing" the thoughts of others. Little by little all debts owed will be marked down.
Now that we understand that concept let's move on:
One of the great money troubles facing the western currency system today is that many third world people are starting to put a"mind value" on real money, gold. These people don't know the true value of gold money but they know it's worth a whole lot more than the world paper currency price now placed on it. And that brings us to the next problem; how can paper currency that represents"the thoughts of a nation blowing in the wind" be used to value real money of ancient world class proportions, gold? It cannot! Any price you can think of will do, as in no price will work!
How did we come to this unworkable mess?
The best way to rework the publics mind about gold money was by changing the way it was viewed.
"It's money of course but let's also call it a"commodity! Then we can place a"paper" value on it and denominate it in all forms of future contracts. It will lose it's true value as money in peoples minds and be priced in an unrealistic paper format." And here we are today!
The banks must sell all the gold they have to keep the system togeather. And once it is all sold and the financial markets implode the nations will use"whatever force is necessary" to pull the gold back in! That action in and of itself would show the true value of gold money!
What of the LBMA mess?
Gold is cornered. Plain and simple. No complicated theories, no options problems. The commodity value of gold was forced so low in paper currency terms that all of the new mined gold, going out some 10 years is spoken for. Between the third world buying physical gold and the jewelry industry ( same people buying ) there is none left for the oil states! They do value oil in terms of gold, but not IN the paper currency price of gold! How much is gold worth in terms of oil value? Just stop supplying gold to them in ultra cheep US$ terms and you will find out by watching the currency price of oil! In any event, LBMA has traded so much paper/oil/gold that any rise in the currency price of gold will implode them. The CBs must become the full primary suppliers of gold or the system as we know it is done.
One last note: No form of paper wealth will survive the financial crush once the CBs stop selling!
NOTHING!
Date: Sat Oct 18 1997 21:04
ANOTHER (THOUGHTS!) ID#60253:
I ask you now:" Is it hard to believe or hard to understand"? When it comes to money it's usually both.
Know this:"gold transcends human valuations thru time and life".. Take your time on this one!
Gold is now caught in a crossfire of world thought. The traders are viewing it as a commodity and trying to make money on it's moves using various paper trading vehicles. Their opinion of the market is flawed because the"real value buyers" would never deal with these people or let anyone in that circle know they are buying gold as"money"! The major buying and selling is between CBs, nations, merchant banks,"the super rich" and the hordes of small buyers in forgotten places. That is one of the small many reasons wall street hates gold, they are not part of the real action. Comex is a side show!
Let me fill in the Xs.
First a reprint;
"You see the trading medium changed. Oil went from $30++ to $19 + X amount of gold!
Today it costs $19 + XXX amount of gold!"
If you owned a commodity in the ground that had to be sold for paper currency in order to realize value what would do? Yes, the oil in the ground may last another 50+ years but will the bonds and currencies of other governments last that long? One thing you don't do is buy gold outright, it would cause it to stop trading as a commodity and start trading as money! You learned that in the late 70s. Nor do you acquire"real gold money" in any fashion that would allow a comparison of price trends ( graphs )! There must be a way to convert the true wealth of oil into the outright wealth of gold. We know that oil is a consumed wealth of a momentary value that is lost in the heat of fire.
The stars blink and it is oil wealth no more!
It has become"the debt of nations" now owed to you. Gold on the other hand is not a commodity as many assume, as it is truly"the wealth of nations" meant to last thru the ages! A wise oil nation can strike a deal with the paper printers and in doing so come out on top. Go back a few years to the early 90s. Oil is very high, you offer to lower the US$ price in return for X amount of gold purchasing power. You don't care what the current commodity price of gold is, your future generations will keep it as real wealth to replace the oil that is lost. Before the future arrives gold will be, once again valued as money and can be truly counted on to appropriately represent all oil wealth!
The Deal:
We ( an oil state ) now value gold in trade far higher than currencies. We are willing to use gold as a partial payment for the future use of"all oil" and value it at $1,000 US. ( only a small amount of oil is in this deal ) And take a very small amount of gold out of circulation each month using it's present commodity price.
If the world price can be maintained in the $300s it would be a small price for the west to pay for cheap oil and monetary stability.
The battle is now between CBs trying to keep gold in the $300s and the"others" buying it up. In effect the governments are selling gold in any form to"KEEP IT" being used as 'REAL MONEY" in oil deals! Some people know this, that is why they aren't trading it,, they are buying it.
Not all oil producers can take advantage of this deal as it is done"where noone can see". And, they know not what has happened for gold does not change in price! But I tell you, gold has been moved and it's price has changed in terms of oil! For the monthly amount to be taken off the market has changed from $10 in gold ( valued at $1,000 ) /per barrel to the current $30 in gold /per barrel still valued at $1,000! Much of this gold was in the form of deals in London to launder it's movement. Because of some Asians, these deals are no longer being rolled over as paper!
What is happening now is far, far larger than the interest of a few traders or mining companies. They will be stepped on!

usw.

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gesamter Thread:

• USA Gold - 'ANOTHER' nochmal ein paar Auszüge, haben offenbar nicht viele gelese - black elk, 21.05.2001, 12:06
  • Mann, sag uns das bitte in deutsch in 3 Sätzen - R1, 21.05.2001, 12:15
    • Geht nicht, selbst ist der Mann! - black elk, 21.05.2001, 12:32
  • Na, wie findet ihr das? - black elk, 21.05.2001, 12:25
    • Re: Na, wie findet ihr das? - PuppetMaster, 21.05.2001, 12:50
      • Der Teufel steckt im Detail - erstmal Danke für die 'Aufbereitung' - black elk, 21.05.2001, 13:55
  • Re: DAHAB sagte Ali Baba und dann war die Leitung tot... MUST HEAR:-) - dottore, 21.05.2001, 14:35