Farms: Nobody Cares
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This is the presentation I gave at Mines & Money in London in early December laying out why I believe the gold price is languishing despite a wealth of what would ordinarily be positive catalysts. Currently, outside those who focus on precious metals, there is an enormous amount of apathy but, I suspect, that apathy will shortly turn to enthusiasm - an enthusiasm which will expose the rift between paper prices set in NY and the structural changes undergone in the physical markets over the last several years. But for now... Nobody Cares.
Comments
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Gold down $100 in one week nobody cared.
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Thanks Grant.
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Love this.
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Gold down $70 in 2 weeks. Nobody cared enough to buy.
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Absolutely gorgeous editing and naration. Still worth every second today.
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Well done!
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So what does happen when Obama has no physical left? Seems like a dumb question but if they are so low now there must be a sliding scale of concern, but by whom and do they have an answer?
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Excellent video and he's British!
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Everyone WILL care, when "nobody cares" about the central banks. It is plainly and utterly obvious that the time for that moment is closing in quickly. You can only do so much stimulating with heroin and cocaine--then you will overdose the victim. The maximum "high" supplied is well below the equilibrium because the demand of cheap money is ever-increasing. Think of the Fed as the COMEX--the paper FAR outweighs the actual physical assets. Some say Janet and company is leveraged 77 to 1--but, we have no idea what the covert transactions are, since they can't be audited.
Great vid Mr. Williams! Yes, WE care ;} -
Nobody cares is exactly the correct response. Who cares? No one. No one wants dessert after being stuffed at dinner. Nobody cares about dessert after a huge meal. The end will come in the next 100 years. Took the Romans 200 years to collapse. We have only been declining for 100 years. We have another 100 years to go, so slowly, no one can play it. Owning gold, currency, stocks, bonds, are all vehicles to take someone somewhere like a car. I don't want the car. I want the vehicle to get me where I want to go. Nobody cares about the airplane after they leave the plane. Same with cars and boats. Gold is not needed right now so nobody cares.
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By every possible measure, gold oil, gold crb, gold silver ratio, and inflation, gold is over priced and should be, based on historical ratios, about $700 to $800 an ounce. Instead it's $1250 an ounce. Gold is over price and HAS to be over priced so the world does not buy it up and reject currency and Wall Street. Gold is nature, natural. We are in a global lust for machines, cities, internet, computers, and the grid. Few people can afford to convert currency to gold. 93% of the adults in the world have less than $100,000 net worth. No one needs gold. People want gold but do not need gold. That is the real problem. Gold is not that important at all. Gold is an insurance policy, not an investment. I do have to protect myself. Will you?
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Excellent video. You made a good argument for why gold will rise, I think in the near term. Clif High's web bot predictions point to the price of gold, silver and BitCoin rising in March and April 2016. Today is February 29th, gold spiked up $16.80 today. Could be that gold's day is coming soon. Clif says gold eventually will return no bid.
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Today is 10th Feb 2016 ...... The worst investment in history , gold , has appreciated 15% since 1st Jan 2016 .... last night it rose $57 an oz .
Silver usually will /does follow gold up but there is a lag time ... guess what ?
the lag time just finished .
Love your work Grant !!!1 -
I love Grant Williams videos! I wish he'd make more of them.
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brilliant !
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Very well done. I especially enjoyed the chart showing the COMEX against the SGE.
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I'm still getting yield from my Egyptian, Roman, Carthaginian merchant bonds.
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Nobody can buy Gold now, because they are so underwater from the last 6 years and they have not won the lottery and their wages have not risen!!!!!
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Gold went down because the FED brought confidence back buy allowing the DOW to be bought by printed money and fixed all the problems in the TBTF banks
Gold will only go up when lending starts again or governments lose their grip....which could take decades -
"Raw Sewage' = Rick Rule,Eric Sprott, Jim RIckards, Peter Schiff, Gerald Celete, Mark Faber etc.... investment advice from 2010-2016