tag:blogger.com,1999:blog-1592992209402300549.post3098180673014031427..comments2024-03-28T08:06:43.198-04:00Comments on The Silicon Graybeard: The Attack on Precious Metal Prices SiGraybeardhttp://www.blogger.com/profile/00280583031339062059noreply@blogger.comBlogger4125tag:blogger.com,1999:blog-1592992209402300549.post-31104267200398043162015-07-26T21:24:37.035-04:002015-07-26T21:24:37.035-04:00Precious metals can do quite well if fiat currency...Precious metals can do quite well if fiat currency deflates. And it is universally liquid to convert to over currencies or commodities. Why do you think the US outlawed private ownership of gold in the great depression ? Currency doesn't like competition.Slabheadhttps://www.blogger.com/profile/07983073805534394463noreply@blogger.comtag:blogger.com,1999:blog-1592992209402300549.post-17777828997526861752015-07-26T21:22:51.255-04:002015-07-26T21:22:51.255-04:00Precious metals can do quite well if fiat currency...Precious metals can do quite well if fiat currency deflates. And it is universally liquid to convert to over currencies or commodities. Why do you think the US outlawed private ownership of gold in the great depression ? Currency doesn't like competition.Slabheadhttps://www.blogger.com/profile/07983073805534394463noreply@blogger.comtag:blogger.com,1999:blog-1592992209402300549.post-4486695071890495622015-07-26T20:44:13.981-04:002015-07-26T20:44:13.981-04:00There have been huge currency outflows from China ...There have been huge currency outflows from China which may be the result of their frothy markets and failure of the government to let the markets work their own outcome. China has sold huge US treasury holdings and I wouldn't doubt they sold large gold holdings to compensate. All of this is deflationary and showing up on most everyones radar. Commodities (including gold) do not do well in a deflation/depression. Welcome to the strong dollar era.indyjonesoutherenoreply@blogger.comtag:blogger.com,1999:blog-1592992209402300549.post-56188785308354613962015-07-26T11:29:55.726-04:002015-07-26T11:29:55.726-04:00Is there manipulation in the PM market? There is...Is there manipulation in the PM market? There is always manipulation in all markets. Sometimes successful, sometimes big but usually unexposed. I cannot say that there was some major manipulation in the PM market this week or two weeks but someday we may know for sure. But it matters little because it is impossible to manipulate any world market for long. So someone, maybe China, may have benefitted short term but the market will regresse to the mean fairly quickly.<br /><br />Is it a precursor to war? I doubt it. There are so many other commodities that are essential to preparing for a war and PMs just don't show on that long list. China hoarding gold is more about dominating a productive and freely trading capitalist future and not a future war. Massivily hoarding gold doesn't preclude the possibility of war but it doesn't predict it either. <br /><br />I think what is happening is simply that the Chinese and many others can read the writing on the wall and understand the world is likely facing an unprecedented economic collapse and the best way to profit from it (and to prepare to survive it) is to hold PMs. <br />Anonymousnoreply@blogger.com