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What will be the driver to get investors back into gold?

May 15, 2015

Gary joins us to discuss what it will take to get investors back into gold. He brings up the point that gold demand actually rises in times when the metals is going up in price – this is quite different than most other commodities… Too bad we have not seen a sustained rise in the gold price for some time.

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Discussion
11 Comments
    bb
    May 15, 2015 15:04 AM

    This fall sounds good, the only thing to worry about would be the Shemitah,event and big bang.

    Gary, couldn’t find any gold or silver? Around here there was NEVER a sold out situation.
    I remember people so excited tho that they would literally call line ups at “we buy gold” places as line ups to buy gold.
    Is it possible the dealers you would frequent kept minimal quantity of stock on hand?

      May 15, 2015 15:49 PM

      The largest dealers in the country were out of gold in 2008.

    May 15, 2015 15:31 PM

    I quit chasing physical when it hit $1000. I think I stopped buying physical silver at around $16ish? During the economic blow-up a friend of mine upped his gold coin comish from $50 to $150. Won’t be buying more physical unless I can get it at pre-08/09 blow up prices.

    May 15, 2015 15:43 PM

    Cory sounds confused. The physical buying outside of US is real and US is a net seller for years. A lot of gold are exported every year even US is not the largest producer. This gold end up in Hong Kong, China and Switzerland which in turn sold to Asia. Your government is dumping gold from official sector and empty treasury vault. A lot of foreign gold stored in FED are sold too. When this is all over, US will be out of gold. You will be able to return the gold Europeans stored in New York.

    LPG
    May 15, 2015 15:44 PM

    +++ Re-posting +++

    Not fully read yet but thought I’d share it anyway;
    Financialsense.com
    “The US Is NOT in Recession According to These 7 Charts”
    http://www.financialsense.com/contributors/chris-puplava/seven-charts-us-not-recession

    GL to all investing/trading

    LPG

    May 15, 2015 15:51 PM

    Gary I agree that until we see 1308, 1347, and I’d add 1382 taken out, then we haven’t confirmed we are in the new bull market and the 4 year PM bear is over.

    We also haven’t confirmed that November 2014 wasn’t the lows for Gold, although I think we both agree a washout later in the year where those lows are tested and broken is more probable.

    For now I am much more interested in the select miners or even the mining EFTs as at least there are easier trends to follow, and some money to be made.

    Ken
    May 15, 2015 15:29 PM

    As cash becomes outlawed across the world as governments hunt taxes I firmly believe gold and silver will be hoarded as cash becomes scarce.

    Gold and silver have never been an inflation hedge. They have been a protection against governments. Martin Armstrong has pointed this out numerous times.

    This time though gold will be contraband as gold police hunt as the populace becomes more and more suspicious of government intentions. When they can stop bank runs with a cashless society they can also tax every transaction.

    History has always shown that gold and silver become the currency of the underground economy.

    They will again. Frankly everyone predicting price is foolish. It will save your family from tyranny – not inflation.

    May 15, 2015 15:23 PM

    “Gold and silver have never been an inflation hedge. They have been a protection against governments.”

    Nonsense IMO. Name me one period in history when the people trust government. If that was the driver for gold then it would always rise.

    Gold is simply a barometer for inflation. When governments print too much money some of it invaribaly lands in the gold market. I would say from 2002 to 2007 people were about as happy with the world and government as any time in history yet gold rose from $250 an oz. to $1000 an oz. Why? because Alan Greenspan was debasing the currency.

    Then from 09 to 2011 Bernanke took over and debased at an even faster pace. Gold went from $680 to $1900.

    The only reason gold hasn’t continued to rise was due to the constant manipulation to keep price suppressed and keep inflation in the paper asset markets and out of the commodity markets.

      May 15, 2015 15:29 PM

      Right. Gold’s rise is because of more money chasing same amount of gold. It has a rising price floor since mining cost has been rising due to inflation as well. Nothing is more complex than that. There are a lot of disinformation. Common sense becomes not so common these days.

        May 16, 2015 16:18 AM

        Good point Lawrence.

    May 15, 2015 15:05 PM

    http://www.silverdoctors.com/andrew-maguire-its-all-about-painting-the-fix/#more-53583

    Definately worth a listen. Will the abx make the difference? i want to know what the bullish developments that occurred this week are that he is referring to. that could be the driver for this weeks push upwards.