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Well, ... it seems that I have done all I can. So, I will leave you with these thoughts. What caused the housing bubble?  Or the Nasdaq bubble?  Or the, (fill in the blank), bubble? What have the world's central banks done as a result of the latest bubble bursting and the resultant financial...

In the end?  There is no more market for gold?  Gold will not be for sale next week or next year?  In the end?  Your time frame for asset evalulation is five days?  Nothing before Monday matters, or anything after today?  In the end? Up 200% since September 2005.  In my world, as limited as...

No one is exporting?  Huh?! If no one is exporting, and physical gold does not actually move, then how are China and India importing?  Importing is not just some bookkeeping number being changed at a central bank or a commodities exchange.  Importing is the actual movement of gold into China and...

Yeah, if you are myopic. Even if you have a fixed rate mortgage, your wages will buy less of everything else. Even if you have a fixed rate mortgage, a constant increase in wages puts you in a higher and higher tax bracket with no corresponding increase in purchasing power. Even if you have a...

Thanks for the advice Merika.  I wanna be just like you.

So it doesn't matter that you can purchase 10% less this year than last year as long as somebody else has it worse?  I am unsure of your reasoning, but do you realize that the Fed is taking money out of your pocket and giving to the banks in the form of 'inflation' which is more accurately...

Inflation only counts if the goods and services are necessary?  Huh?

We are pretty ok compared to 2006-2007?  Why would you pick those years?  And how can 8% -10% currency devaluation be ok at all?  Is a devaluation of your savings by 10% every year ok with you?  Doesn't it set off any warning bells?  Or do we just pretend that it is inconsequential?  Does it...

I think it is closer to 8% - 9% annually. No, I don't believe government figures, and I think that those who do are naive.

Must be that recovering economy I hear about

So, ... what do the Chinese know?  Are they stupid are something?  And if the Chinese are importing, who is exporting?  And where did that imported gold come from?  Gold production has not increased in the last few years.  Except for the last month, because of government import controls, India's...

Speaking of Goldman Sachs: Guess Which Bearish Bank bought a Record Amount of GLD in Q2 http://www.zerohedge.com/news/2013-08-30/guess-which-bearish-bank-bought-record-amount-gld-q2 GOFO went positive today for the first day in 40. India's central bank is denying that it is considering...

Most of the time, the counter party in a gold lease is a bullion bank.  In order to answer your question I will ask a question, why would a bullion bank or any other party want to borrow gold?  As in any lease, one party in a gold swap pays the other party a payment or periodic payments for the...

"Gold commentary is, in general, not very well informed.  And this is not just a statement on the talking heads from financial television.  There are quite a few analysts and economists who act like they need to buy a vowel or two when it comes to the nature of money.  Perhaps they can't help...

Gold is going to take another big smack down, when India leases it's gold and it gets sold on the open market.  I do not know the exact time, but it should be soon.

You are absolutely correct on one thing; they are arbitrageurs, not traders.  They sell, as quickly as they can, to a refiner.

So, was that a sentiment indicator of the top or bottom in the pot price?

"Spot" as most know it is not set.  It is the buy price of immediate delivery at LBMA.  And the LBMA spot also responds to immediate delivery gold that is being bought and sold on other markets, ie. the Comex, Shanghai, Tocom, etc.  Those markets can also respond to whatever is being bought and...