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No Mass Mania for Gold Yet – Less than 1% of Public in Western World Have Invested in Gold
GoldSeek.com
Thursday, Oct 16, 2008
Gold has remained resilient despite stock markets collapsing again internationally. Asian stock markets have fallen sharply with the Nikkei collapsing by more than 11%. European markets are down between 2% and 5.5% in early trading after recovering from steeper losses at the open.
The dawning realization that the US is set to fall into a deep recession (and possibly the worst recession since the Great Depression) which will likely cause a global recession is not being taken kindly by equity markets.
While COMEX futures gold prices remain lacklustre, the real price for actual physical bullion continues to surge as there are little or no sellers and nearly all are buyers. Shortages of small and midsized bullion coins and bars appear to be spreading into the large bar market with reports of London Good Delivery Bars becoming harder and harder to buy, get hold of and take delivery of (especially in New York).
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No Mass Mania for Gold Yet – Less than 1% of Public in Western World Have Invested in Gold
The notion that gold is in a bubble and soon to fall is entirely bogus and peddled by many of the same suspects who have gotten us into this mess with their “don’t worry, be happy” brand of economics and personal finance advice. It is likely that less than 1% of the public in the western world (probably as low as 0.5%) has invested in gold and/or silver and we are a long way from mass mania and the mass participation associated with market tops (as seen in stock and property markets in recent months).
When gold is featured on a daily and even weekly basis in the newspapers and there are supplements dedicated to investing in gold and precious metals then it will be time to sell or at least go underweight gold and silver.=
Massive Deleveraging of Western and Global Financial System
Gold has continued to tread water and not made expected gains as the process of massive deleveraging of the entire international financial system is resulting in unprecedented selling in nearly all markets including the huge commodity index funds. These index funds such as the Goldman Sachs Commodities Index, Reuters/Jefferies CRB index, the Dow Jones Commodity Index and the Dow Jones-AIG Commodity Index have been the recipients of billions of dollars of funds in recent months – often from massive corporate, state and national pension funds (such as the Irish National Pension Reserve Fund which invested in the Goldman Sachs Commodities Index).
Now fears of a global recession and demand destruction for soft commodities and hard commodities such as the base metals and energies is seeing wholesale liquidation in many of these funds. They had passively invested their funds to a fixed percentage of each commodity – say for example 4% in gold, 4% in silver, 4% cotton, 4% in pork bellies, 4% in zinc and now massive liquidation and redemptions from these commodity indices is seeing gold and particularly silver being affected – silver remains a tiny market relative to other commodity markets; to the gold market and to the currency, bond, stock and derivative markets.
Thus futures commodities contracts are being sold by speculators, hedge funds and pension funds while physical gold and silver bullion has some of the most bullish supply/demand fundamentals of the precious metals ever.
Fundamentals of Gold and Particularly Silver Remain as Sound as Ever
Very little has changed regarding the fundamentals of gold and silver (see http://www.gold.ie/documents/articles_of_interest/AOI_08-05-07_Why_the_Silver_Price_Is_Set_to_Soar.htm) and indeed it is arguable that their fundamental positions are actually stronger now than they were in 2000 when the bull markets commenced.
Especially as we have had an extended period of consolidation in gold and a sharp correction in silver to levels last seen in March 2000.
Massive systemic risk and massive digital money creation and money printing on a scale never seen in the western world before is extremely bullish for both gold and silver.
With increasing calls for an overhaul and reform of the world’s financial, economic and monetary system and the Bretton Woods monetary system, the dollar’s, the reserve currency of much of the 20th century, preeminent position looks precarious. The sheer scale of the financial, economic and monetary risk facing the world means that gold is likely to surge in the coming weeks as physical demand is unprecedented and will grow while supply remains lacklustre at best.
While western jewellery demand is sure to be affected, investment demand will far outweigh this decline as it did in the 1970s. Central banks, institutions and the investment and saving public internationally are likely to look to gold’s safe haven and wealth preservation qualities increasingly in the coming months and years resulting in a price in the thousands of dollars.
It is important to reiterate that the fundamentals of both gold and silver remain as sound as ever, if not more so.
Gold and silver remain the investment and wealth preservation opportunities of a lifetime and all individuals, companies, institutions and pension funds should have an allocation to gold bullion – not derivatives, gold or silver futures, CFDs or ETFs, but real fully owned physical gold bullion. The major central banks of the world retain the majority of their gold bullion as monetary reserves in order to protect against macroeconomic, systemic and monetary risk and so should you.
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35 Responses to “No Mass Mania for Gold Yet – Less than 1% of Public in Western World Have Invested in Gold”
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October 16th, 2008 at 10:28 am
I NEED YOUR HELP, Has anyone else In the midwest “or in the states period” recieved a Propaganda DVD in the mail titled “OBSESSION… Radical islams war against the west” this is soo rediculous… everyone at my work has recieved it in the mail and im concerned… Are people BUYING INTO THIS CRAP? the cover says “as seen on CNN and FOX NEWS… LOL imagine that huh… ALEX PLZ ASK YOUR LISTENERS ABOUT THIS MAJOR BRAINWASHING PROPAGANDA campaing… its put out by the Clarion Fund 255 w 36th street suite 800 new york, NY 10018 tel: 646.502.8380
ps sorry for so many comments about this but i can never get through on the phones and i think this is a verrrry important topic, so far people from Mo NY and michigan have posted about getting this
October 16th, 2008 at 10:57 am
Not suprised. Most people in my area (PNW) don’t have the money to buy gold in the small amounts or it’s not available. Others are spending their $$ on goods. Silver isn’t available or the price above spot is sinful. The NWO wankers are sitting on TONS of gold bullion in Swiss account vaults. The Swiss banks are crying about not having enough storage space for their client’s gold. Gold is heavy; maybe it will help these NWO POS drown that much quicker!
October 16th, 2008 at 12:25 pm
Yes it is a total propoganda BS DVD meant to build up the idea of middle easterners being insane jihadists irrationally bent on your destruction. Too bad those kinds of resources aren’t spent towards mass mailings of DVD’s with the truth. Oh well, Americans don’t want to hear the truth anyway, it’s too stressfull.
October 16th, 2008 at 12:27 pm
sorry this post is not about the articel but a response to “TheresNoFED in Freedoms” post 2 down.
October 16th, 2008 at 1:33 pm
“Buy silver, gold, guns, food; get water ect…be ready!..the nazi’s are comin’”
…Listen can ya’ here the Goosestep’s…. . . .. . … .. .. . .. . …..i can!”
[ answer to #1, 'Scare Tactics' from the enemy]
October 16th, 2008 at 2:33 pm
Heres a newscast on youtube about the video i and 28 million other US citizens got in the mail, in key swing states mind you ….
http://www.youtube.com/watch?v.....4&NR=1
this is the kind of huge volume of propaganda that our government engages in and if they are not behind it they are sure in no hurry to stop it….
28 + million people got this in the mail, if even 1% of the people who got this believe it thats almost 280,000 people who might get so paranoid that you might get turned in for being a terrorist just because you dont agree with them… or because you believe that the GOv had something to do with 9/11 We need to do something about this NOW
October 16th, 2008 at 2:41 pm
http://ca.youtube.com/watch?v=GxpCz10TRGU
October 16th, 2008 at 2:51 pm
Has anyone seen this video on the “Amero”
The author of video makes some dire predictions
if this is truly going forward
View it here
http://ca.youtube.com/watch?v=ge2J2lNusJs
October 16th, 2008 at 2:57 pm
Judeo-Fascism is here! All be aware of who is behind the curtain.
October 16th, 2008 at 3:07 pm
don’t let Murdoch shut us down again!
help us get on UK radio and expose the NWO!
http://www.myspace.com/TRUTHADDIKT
thank you!
godspeed
October 16th, 2008 at 3:48 pm
I know the Jews purchased their gold.
October 16th, 2008 at 4:19 pm
What the hell is gold used for anyways? Golden dildos or some shit? I mean, yeah I might wear a gold ring or something, but why would one need gold? Makes no sense to me. Maybe aliens power their spaceships with it, or maybe it used to actually be used to MAKE something.
October 16th, 2008 at 4:31 pm
Alex Jones still keeping everybody busy talking about nothing. He will never touch on the root cause – that Rome and the black pope run everything. He is a continuation of project mockingbird and just keeps people busy with fear…. fear fear fear. why don’t you ask Alex if he files his taxes? why not ask him about his unbelievable ties to Catholics (Martin SHeen, Charlie Sheen, Pat Buchanan). Buchanan is definetly cia (that is not even debatable!) why do you think he is on fox, cnn, major networks? why is he not dead like Bill Cooper? they didn’t blink an eye to kill JFK in front of the whole world do you think they would care for one second to kill Alex (oh I know he said they wouldn’t do that because then they would make a martry out of him – WAKE UP SHEEP!) he is running mind control on you. check out Vatican Assassins by Eric John Phelps, Greg Symansky. he keeps telling you all this BS while the Jesuits are about to lead the Chineese and Muslims into a land invasion in AMerica if we don’t stop. The Jesuit controlled imigration department has already allowed over 1 million Muslims in the country (I thought we were at war with them?). The catholic priests all around America are trying to confiscate your guns (they did the same thing thru the church in Nazi Germany!). wake up sheep and quit listening to Alex! I know I know…. Alex will tell you on his show tomorrow that all these comments are coming from military servers – you will probably fall for it. hope you like living in fear!
October 16th, 2008 at 5:10 pm
#12 mark, good insight. At some point way back the mystics used it to adorn their palaces and tombs and temples and pyramids. Then the gold smiths realizing that it was now a status symbol and was sought after by people into material bobbles, convinced the people that it would work great as a means of greasing the skids of commerce. One arguement I heard was well it doesn’t rust, well the clad crap in your pocket doesn’t either. Fact is it isn’t good for much. It works nice in passing electrons but is useless for tools or weapons or anything that really enhances life.
October 16th, 2008 at 5:31 pm
Anyone one have any insight on the future of silver? I have heard it won’t be worth much if we have a depression because the demand to use it products will have stopped. I f we go through hyperinflation in an attempt to get us out of the economic chaos then silver will do quite well. Any thoughts? No pussy traitor scum need reply!
October 16th, 2008 at 5:39 pm
Just out of curiousity….
When the s*** really hits the fan, can you eat or drink “gold” or “silver?”
October 16th, 2008 at 6:14 pm
gold is money. its liberating to the holder since it is free of debt,and intrinsicly anti-inflationary. inflation makes you a slave to debt. thats why free societys back when they existed used gold as money. fiat currency advocates have always been known for their preoccupation with dildos.
October 16th, 2008 at 6:18 pm
No the Jews still other peoples Gold!
October 16th, 2008 at 7:11 pm
One of the issues is illustrated very well in this video:
http://www.youtube.com/watch?v=NRPLujl8v3s
October 16th, 2008 at 7:17 pm
Kind of funny all the big banks have the large gold reserves,Oh does that mean its the real money when the s— hits the fan. Man i cant belive how dumbed down we have become.
October 16th, 2008 at 8:59 pm
As I examine the issues and the comments regarding the Evil Works that is being brought upon the people, it saddens my heart. Gold and Silver will have the value to buy and sell things when the AMERO is put in place. Just as the URO. in Europe is used. Wake up America! The Gold and Silver will do no one any good when the Banks are shut down, and no man will be able to Buy or Sell. there are 5 more Major things to be put in place and we will see a man who is the Son of Perdition seated in TYRE. He is the man that will Close the Banks and you will not buy or sell one thing till you accept His Works, and take His 6. the 2nd man is this Pope,yes, this is the false Prophet, and will seen have a Stroke, and brought back to life. He will shew the Religions how hard he worked to see that they could Worship the way they wanted to, the people will take His 6. and then there will be an Image in the Earth, and Satan will enter it and when He stands up He will have the eyes as of a man, Then He Tells the people I Directed these 2 men and now take my 6, for you don’t Buy or Sell one thing. yes it is the Works of 3 men 666. So the Gold or silver will buy nothing. What Profit a man if he gain the whole World and loose His own Soul. this is the Trap that is being set for mankind and these men who lie and tell the people that there is a Rapture will give an account to the Living god. this is the Great Harvest, where the people who have the knowledge to reject the Evil works of Lucifer, will escape them and a Beautiful Angel will rescue them,Study Rev.14. I am 80 yrs. and was lied to for 30 years. This Nation never was a Christian Nation, and to say God Bless America, Wake up. The lies that are told to the people, the Tattoo’s on peoples Bodies. the Satanic Government that steals from the people. the Religions that lie against the Word of God, and never shew them the danger they are in. Wake up America! Time is short and the Son of Perdition will soon be seated in TYRE. This is the Evil Works one must have the Knowledge from God to escape the Torments of Hell. A Servant of the God of Israel.
October 16th, 2008 at 9:26 pm
TO Mark: Bet we’ll need gold just to buy tap water. Like in africa. No money in the meter, means no water in the bucket. God I can’t wait for these old a$$ scoundrels to die off, because I truly feel people in my generation actually give a crap about the earth and humanity, gangstas and psychos exempt… god, we just need to make the change and get the eff off the grid! Earthships…….or suburbia? Earthship or suburbia? Where oh where do we go?
October 16th, 2008 at 9:49 pm
I have always believed that precious metals (Gold Silver and Platinum) would always outlast any fiat currencies these knuckleheads dream up ( and get ready folks, this week the EU is discussing a ‘one world currency’).
Then I see these “sell your unused gold jewelry for cash” ads on TV and the internet and think…Hmmm THEY know…the monetary system’s about to FLOP, and good o’l GOLD and Silver will be right there for us to buy and sell with. So I created CashforGoldScams.com to educate people and ‘hopefully’ prevent people from falling prey to these companies buying up your precious gold at ’scrap’ prices.
I do hope people take the hint…or they’re gonna be screwed in the end, cause it’s commin right now!
October 16th, 2008 at 10:07 pm
BREAKING NEWS!!
Just got a call from a private source, but 99% credible.
Eight days ago (news was held up while source was in the field), the National Guard Armory in Pocatello, Idaho was seized by the U.S. regular Army and stripped of all weaponry. Everything from long range cannon to small arms.
These guys are the 148th Field Artillery Battalion They stripped it of all weaponry and ammo.
The CO asked “Why?” and was told “There’s gonna be a party this winter and you’re not invited!”
He was led to believe that this was a national happening, not just that armory.
I’ve called 5 other NG bases, but (for some odd reason) have received NO answer.
Any of you that have the ability (or strings) get on the phone and see if there’s verification from any of your sources.
(It took a couple of days but here is your answer. This is from an absolutely rock solid source, I would bet the farm on this mans word. Would someone please get Alex to cover this story?)
“I talked to a friend who is the company commander for a NG transportation unit here in Spokane; they have heard the same news but didn’t have any specific details. They don’t have much weapons outside of their M-16’s and 9MM but they do know that NG units around the nation are being stripped of their heavy crew served weapons. The Montana NG has been stripped of it’s M1 Abrams and made into a HazMat & water purification unit.”
“The Commo unit in Moses Lake NG has been stripped of all its commo gear and is being reassigned as truck drivers for the Spokane detachment.”
“Doesn’t sound too good. All NG returnees here report direct to Ft. Lewis now and are net being released . most are being sent back to Iraq.”
” A lot of NG folks are quitting in disgust. Those who stay are getting promotions over those who don’t re-up now.”
Get your shit together pilgrims, things are about to get very interesting. I warned you.
October 16th, 2008 at 10:18 pm
Jordan Maxwell….Michael Tsarion…David Icke…William Cooper…google these men on video
October 16th, 2008 at 10:33 pm
We’re supposed to abide til Jesus calls us. Fuck the son of perdition. Gold and Silver can be used for trade by those not taking the mark. The book of Revelation says half the population of the Earth will survive into the reign of Christ. Besides, the US isn’t mentioned in the Bible. We have nothing to do with prophecy. We’re gonna burn out and fade away.
October 17th, 2008 at 12:12 am
Could I use another blanket of Gold to keep me warm at night? How about a biscuit of Gold to fill my tummy? Give me another round of Gold so I can keep the hordes at bay? How about some more Gold pellets to keep my fire stove going? Hey Doc, got of few cc’s of Gold for this illness? Or give me another glass of Gold to quench my thirst?
Gold is over rated and I certainly would not give any of my sustainable, tangible assets for one OZ of it.
October 17th, 2008 at 1:47 am
Wow, again. Yet another fucking gold promotion news articles on infowars. Damm Alex, I would really like you to keep this a real news site, not a gold promotion website.
October 17th, 2008 at 4:16 am
invictus you idiot this is not a real promotion site for gold and silver.these commodities will help you survive whats coming, whats the point of knowing whats going to happen if alex dont give solutions and the gold stories are there to reasure readers. so fuck of and get a brain or shut you may as well say there is a famine coming but why the fuck is alex talking about buying bread, you idiot
October 17th, 2008 at 6:32 am
Gold WILL NOT bull run in this market. I have explained many times. The Reserve / Central banks of the world bought up Gold leading into the crisis and are dumping it into the bear market every time equities turn negative. The current “pseudo(manufactured)-crisis” is one of LIQUIDITY. Banks cannot get credit. Businesses can’t buy plant or even make payroll without LIQUID assets. The sudden glut of LIQUID cash (Mom & Pop) deposits resulting from a flight from all other investment classes is a Godsend for the Central Banksters. It represents the ONLY source of REAL capital in the market at present & is the force pumping air into the new U$D bubble. The worst thing that could happen for the Banksters plans at the moment is for precious metals to become an attractive wealth retention haven. How can the banks leverage depositors money hundreds of times into more debt if Mom & Pop have their money in bullion under the bed. They will do whatever it takes to prevent Gold & Silver booming, and indeed they are doing just that while their agents of chaos continue to propound a “bottom of the market”, “time to get in”, “snap up a bargain” mindset that will ensure re-inflation of the debt money, equity bubble as fast and unquestioningly as possible. Jeeze people – the truth is so obvious it is hitting you in the face. Banksters MANIPULATE precious metal prices. This is why currencies were removed from Gold standards to begin with. History is littered with precedents for the manipulation of precious metal prices. WAKE UP!!!
October 17th, 2008 at 7:42 am
It’s also very possible that this last “almost too late”, “time to get in” wave of gold buying and then the price actually dropping dramatically is like the boy who cried wolf psychology. Perhaps many will not listen now and not trust in buying gold ever again because of it.
October 17th, 2008 at 7:46 am
how many more crisis and print cycles do fiat currencys realy have left in them? at what point do people stop using them? they always eventualy die of and then gold comes back as money (history is on my side!) notice how the criminal class(proponets of fiat money)have pushed gold down in order to discourage people from buying gold BUT! its having the OPPOSITE effect,its cousing people to buy more. this is a sighn that people aint with fiat currency anymore.amonia has been waived under peoples noses(internet) and they are waking up! WERE NOT GOING TO ACCEPT ANOTHER FIAT CURRENCY! what we need to do now is hasten the transition and write laws making the gold stndard permanent. Arace is on becouse the first developed nation to go to gold standard will see their currency become the world reserve standard.will it be the u.s. , russia or china i suggest we make the first move!or we will lose our no.1 standard.now thats the fact jack!
October 17th, 2008 at 8:51 am
what is wrong with people!? We must all invest in gold right now! http://www.youtube.com/watch?v=vPS7ksrKk8Y
October 17th, 2008 at 11:09 am
Bars harder to buy ? what the hell are you talking about ? hey are available on internet just slightly over spot price with shipping
your fucking silver soon will be 5-6 bucks u morons you
October 17th, 2008 at 11:21 am
besides hyperinflation is not possible in USA why do we have to invest in gold ? Chinese Russians Brazilians have to but not us .
We will have deflationary depression not hyper inflation so u can stick your gold and silver right up your worthless uneducated asshole