Orosur Mining Share Discussion Threads

[yanikto] 06/12/2014 06:44

Methinks that Central Bankers don't lose sleep over the POG!

They understand that gold does not equal money.

It is very hard to get goldbugs to understand that money is a concept of units of value. And they only have value if both parties to a transaction agree on the units value.

Ever tried to pass a used and crumpled $ 100 bill in the CIS. People won't accept it. So your stack of US Bills becomes worthless.

I've been in the US and sometimes people wouldn't accept a $100 bill or large amounts of cash as they assumed that either the source of funds was illicit or I was trying to pass off counterfeit bills.

Many places people won't accept gold as a means of settlement as the hassle of converting gold into something that you can actually use to make purchases (i.e. paper money or a debit / credit card) is too great.

I have travelled around the world and the most useful item to have is a Visa Debit or credit card. With this card, I have bought everything from air tickets, hotel rooms, diving lessons, souvenirs, clothes, food, etc. etc... All because the other party is willing to accept the accounting numbers that are transferred from my account to his account, including into currencies that I have no idea of what the unit value is.

The idea that somehow in the near future, gold will replace fiat money is just caveman thinking!

There no need to dig out a single gram of gold from the earth. The world will not stop if every single gold mine shut down tomorrow. You cannot say that about any other metal.

[rhuvaal2] 05/12/2014 22:26

BigT: I respect your logic but where would pog be if the banksters hadn't interfered and had allowed a free gentleman's market during this past time since $1900 levels. Some better qualified than myself argue for $1400 today.
I hear of physical tonnages exchanging hands @ 30% over the paper price...........

Yellen et al will know what's going on unless of course she is confused herself ~~

[bigtbigt] 05/12/2014 20:57

Best measure of real inflation would be something like the rate of increase in private school fees. They go up at about 6.5% per annum. So 90% in last 10 years.

PoG was about USD 500 10 years ago, and arguably too cheap then. So lets say 600-700, which makes the fair PoG today around 1200 - 1300. But things always overshoot going up and going down, so I expect much lower PoG yet to come.

Mild to moderate inflation or deflation will not move PoG much, as people will not be panicking.

If the global economy gets a big shock (e.g., credit crunch v2) PoG will fly again.

When the fiat money experiment runs out of steam (as it will this century!!), PoG would then naturally want to fly. But TPTB will not let it come to that - they'll confiscate gold, or even apply massive purchase taxes, or other dirty tricks (even triggering WW3), in that event.

So if you are holding gold waiting for some massive price explosion like the 1980's you're wasting your time. If you're holding it because you're getting 6.5% value increase per year guaranteed, then you've secured the value of your savings long term and are very smart!!

...IMHO

[yanikto] 05/12/2014 14:22

Ironically, if deflation happens, interest rates will not rise, so will support gold price.

If inflation starts to go over 2 %, then interest rates rise and gold price will go down.

Odds are gold will go sub $ 1000 next year.

[richgit] 05/12/2014 12:41

We can expect a glowingly (false)Jobs Number, or Xmas may be cancelled.

This could be the last shot at shorting Paper Gold to below $1200,as 2015 is going to be ever more difficult to create an imaginary recovery, especially as all the so far false figures will no doubt catch up.

In 2015 they have to answer the now imposed further deflation that Oil price Wars are creating.

[jwe] 04/12/2014 07:17

Richgit-You have not the faintest clue what you are talking about regarding property and are making yourself look silly so best just leave that subject,it has been my business for almost 30 years
However if you want an argument here it is
I do not know what the current average price of property in Birmingham is but lets say it is £250k(should not be too far off).If the average rise of property values nationwide over the last 30 years(6.7%)continue then it will take just 11 years for the av price in birmingham to reach £500k assuming birmingham performs with the national average
FWIW if you took a longer than 30 year average the % increase is broadly in line
The difference is people need property whereas gold just looks pretty

[yanikto] 04/12/2014 04:54

Now lets just imagine that China had every ouce of gold in the world....

Would that stop a single burger being fried?

Richgit.... So what! Gold does not equal money! Money is just a concept to exchange value. All we need to do is to agree on the unit of value.

Gold was the best system to prevent cheating in the past as it was useful as difficult to cheat token to represent money (the unit of value).

Now that money is essentially just accounting numbers in a bank, who needs gold!!

[richgit] 03/12/2014 21:08

Simon C has positive vibes from Management.


Finally today

Even Gordon Brown would understand that if American Citizens spend $20 per week
less at McDonalds and spend it at McMugburgers- the economy remains the same and so does Consumer spending power.

The decrease in imported Oil costs is positive and relevant,yet that isn't going into the Consumers` pockets.

Gas stations McDonalds or McMugburhers are all percentage parts of the Consumer economy and what the Consumer- consumes,so it hardly matters which takes the money.


Lower Oil prices thus equals-less jobs in the Shale Oil Game,and of course savings on imported Oil will have to take account of the sacrifices in Shale,
and how many Consumers leverage the $20 per week saving x 20 and sign up
for any "imported" vehicle.

[richgit] 03/12/2014 11:48

Yanikto

I presume you are referring to Fort Knox being empty.

The Cognitive dissonance of despising something you don't have or cannot get,yet
once so desired.


Of course I don't know whether Fort Knox is empty, yet I do not see
the US reminding everyone they have 8000 tonnes of Gold.

Maybe they will when China finally announces their- beyond 8000 tonnes.

Maybe then they will allow an audit, and open up all the Western central Banks
to scrutiny which I presume more Citizens will demand at the point China drops its bombshell .

That should frighten the Bullion banks ,and you can bet they know that is
going to happen.



.








The Yanikto

Cognitive dissonance will be the reality when the US consumer knows
their Bank account is telling them the real story,and for some with investments whether the Fed can keep pushing the Dow & S&P up and up into beyond fantasy land.

That`s what happened at the end of Gordon`s House price boom,as the opportunity to transfer debt so easily to the mortgage of a rising House price vanished
over night. Everyone felt asset rich yet earned the same or less !!

That is what the Fed are up against,and I sure hope stretched Mortgage holders in the UK never face 15% again,but then a 50% increase in Mortgage payments is
the least our Governments want at some point and that alone would take a large
rise in wage increases to meet.

JWE seems to imagine House prices in Birmingham will average £500k,as I remember
just a £126,000 mortgage costing circa £1500 per month.

Maybe that could happen if they offer 100 year mortgages and compete with
the US sub prime vehicle loans to the jobless,so the affordability factor
governing property prices is thrown out of the window, until 200 year mortgages.




Our masters want (need) to impose such inflation upon us- again-and they wont
and cannot give up that agenda.

If it doesn't come from money printing-then the final desperation would be to let Commodities do it.



The Gold will be gone within the next 24 months,and barbarous relic or not
there will be no holding it back with Paper Manipulation somewhat before the day
that is known by all.


IMHO

[bigtbigt] 03/12/2014 11:45

RichGit,

Look up concise!

[richgit] 03/12/2014 10:41

I cannot predict the Gold price for 2015

China probably has 2 years in the scheme of things to take every Tonne of Gold
the West will let them have.

We know that China will drop their bombshell of having more Gold than US is supposed to have and some margin far beyond that,at some point.

Do we really believe the West isn't totally aware of what is going on,and is
simply going to hand over all the Gold.(left)

What is truly left that hasn`t already gone to China, in fraudulent leases to the Bullion Bankster Gangsters that sold it to the East ?

I say fraudulent because Western central Banks still account for Gold they know
will never be coming back so in truth they should admit it has been "sold" but
they daren`t.

Offer the Chinese $900 Gold and they will swap those remaining $Dollars to take every ounce that could be spring from any ETF`s etc -in such a trade off !!!

The fastest way to then see $3000 ?

What do people think will happen when either the West runs out of Gold or
those still holding non-leased Gold, like Germany, wont let a single ounce depart their vaults,and truly apply pressure to get any of their Gold back ?


It would mean China literally would take every ounce of Gold production that
comes to Market- yet others would be feasting with them in the only Gold around !!!


Gawd forbid if some in the West actually get in line with China`s plans and start fighting to replace the Gold- they do not have.

That would be curtains for the Bullion Banksters if they remain on the wrong side,as their is No Moron Gold auction to save them this time.

I feared the IMF coming up with another scam,as they did years ago,but then
if the IMF is the currency printer of last resort- wont they need every asset
they can conjour up ?


Shouldn't the IMF be beating the Chinese at their game, and buying all the Gold ?

I don't know of course,as this World is beyond my intelligence and obviously
beyond everyone`s, as nobody knows what is going to happen,apart from
at some point Gold far beyond $3000.


IMHO.

[yanikto] 03/12/2014 10:37

RichGit,

Look up cognitive dissonance!

[richgit] 03/12/2014 09:44

Yanikto

Nice dream, yet I doubt many posting on Aim Bb`s has the money to risk
£100,000 to be totally destroyed within hours.

That is a Casino for the multi-millionaires and far beyond those watching the charts the Fed distorts at will (only whilst they can).

If you have that kind of money to risk in a Casino where the Vampires are quite capable of cannibalism then you are doing very well.

Maybe you should be betting against Apple which is a wonderful Company,yet
the idea it can double to a value more than Turkey is surely in the hands
of the biggest hedge fund on the Planet - the Fed !!

Bankster Gangsters had to be saved in 1998 onwards from their Gold shorts,
and in this World where no lessons are learned those guys are leveraged to Planet Zog and back- again !!!.

We know if a $quadrillion of leverage crumbles- then the US could never print
enough money,and it`s all in the hands of those that have failed before.


This is not the World I want,yet I would argue that $1400 gold is hardly a huge
target relative to the West`s Gold evaporating,and the obvious reasons why.

[yanikto] 03/12/2014 09:12

I did my gold short in 2013 and closed it out in January this year. Made $$$ !
(I announced that I closed out in January when I could see that it wasn't going to go sub $ 1000 in the immediate future)

However, baring surprises, it probably will go sub $ 1000 in 2015.

[richgit] 03/12/2014 08:46

Yanikto

I presume you didn't gamble your long time promised £100,000 gold short into the destruction of shorts on the known Swiss no vote !!!


It will be interesting, as we know the Fed have created the charts they
want in everything-yet can they create Physical Gold ?

The $Dollar powers ahead and assumedly will get to 90.00,yet if Gold doesn`t
get hit at that point -then what happens when the $Dollar weakens ?

Meanwhile we await more airbrushed Pay roll numbers whilst the- below-is the summary of Consumer spending.

They make a big hoo-ha about Vehicle sales,yet we also know this is the next sub-prime with loans to the Jobless.



"Last year was bad. This year is an outright disaster.

As we reported earlier using ShopperTrak data, the first two days of the holiday shopping season were already showing a -0.5% decline across bricks-and-mortar stores, following a "cash for clunkers"-like jump in early promotions which pulled demand forward with little follow through in the remaining shopping days.

However, not even we predicted the shocker just released from the National Retail Federation, the traditionally cheery industry organization, which just reported absolutely abysmal numbers: sales during the four-day Thanksgiving holiday period crashed by a whopping 11% from $57.4 billion to $50.9 billion, confirming what everyone but the Fed knows by now: the US middle class is being obliterated, and that key driver of 70% of US economic growth is in the worst shape it has been since the Lehman collapse, courtesy of 6 years of Fed's ruinous central planning.

Demonstrating the sad state of America's "economic dynamo", shoppers spent an average only $380.95, down 6.4% from $407.02 a year earlier "



We really are entering a 2015 where it will be musical chairs in who devalues
their currency further and probably not a cat in Hells chance of any interest rate increases,although they will spin that nonsense until the World says "when ?".

You can only spin untruths,and alter charts for so long,so let`s see if the lower Oil prices can boost the so indebted 70%+ Consumer economy.


Maybe they will throw money into creating jobs by fixing their infrastructure
instead of building War machines,so after 50 years of trashing their economy will they now see any sense ?

About time the US Citizens demanded the War freaks be put into strait jackets ?

[yanikto] 03/12/2014 07:28

Have a look at this chart and tell me what a chartist would say about the "head & Shoulders" of the POG

hxxp://www.macrotrends.net/1333/gold-and-silver-prices-100-year-historical-chart

[jwe] 01/12/2014 16:52

Richgit-not sure i mentioned T10`s
With regards to your idea that the FED are manipulating the oil market to put money in the pocket of US consumers,that,i`m afraid ,is another in the very long list of idiotic statements
Are the US govt trying to manipulate it to punish Putin?Well quite possibly so(probably imo)but we are unlikely to ever know
As regards to UK property there are a number of things that drive it ever upwards
1/ interest rates-this will change at some point
2/Foreign buyers wanting to hold UK(particularly London)property,this too may change
3/ The British psyche regarding property-unlikely to change anytime soon
4/- Simple supply(or lack of) & demand.This is unlikely to change in a very long time

[rhuvaal2] 01/12/2014 16:23

Source: Advisorperspectives.com

1) Investor sentiment is back to super bullish autumn 2007 levels.

2) Insider selling to buying ratios are back to autumn 2007 levels (insiders are selling the farm).

3) Money market fund assets are at 2007 levels (indicating that investors have gone “all in” with stocks).

4) Mutual fund cash levels are at a historic low (again investors are “all in” with stocks).

5) Margin debt (money borrowed to buy stocks) is near record highs.

In plain terms, the market is overvalued, overbought, overextended, and over leveraged. This is a recipe for a correction if not a collapse.

[richgit] 01/12/2014 15:36

jwe.

Anyone doing T+10`s just based on Golds ups is crazy.



The Dot com era lasted longer than I thought.

Gordon`s House price boom lasted a lot longer than the total collapse I predicted.

My prediction that Bliar & Moron would bankrupt us was regrettably spot on,yet
it took them a while to destroy what was about to be the fantastic turning point for a UK that did the cold Turkey- took the nasty medicine and was heading to be the envy of the West with Final pension pots bursting,
until Moron went to work.





None of those events needed Einstein intelligence,yet what truly amazed Me
was how lacking that intelligence was amongst the Brainwashed by media
citizens - and many Business people, which was surprising


Moron worshipped Lehmans - The end of Boom & Bust,yet in His defense
He didn't actually say which one it was the end of.


We have the very same trotted out Bloomberg commentators that were justifying
PE`s of 1000 or more,and those that were telling us how to become £Millionaire
property speculators.

Now the Fed turns attention to Oil In another hopeless attempt to put money
into the pockets of the indebted Consumers for Xmas,as their economy looks like heading to an 80% consumer economy.

That includes Car Loans to the jobless !!


I have more to say on what goes around comes around as the most significant
event I witnessed was - Putin agreeing with the Saudis that they should NOT reduce Oil production !!!!

Does anyone see the real relevance of that simple statement -Putin agreeing with the Saudis !?

[rhuvaal2] 01/12/2014 11:38

jwe ~ it is getting mighty difficult to locate physical gold in any quantity (these prices) and so the current situation is untenable = but let us see

edit: richgit's past surveys of junior gold stocks has been highly accurate. Also, he is more aware than most of "the theatrical lighting" that determines pog. I enjoy his sermons even if they're colourful at times.

[jwe] 01/12/2014 11:27

rhuvaal-You really think richgit is `most knowledgeable` about the POG likely movements???He has been constantly wrong for years,quite a difficult thing to do
BTW i know he does not ramp stocks...a plus
Richgit-Yes the gold market has been rigged by traders,it is hardly unique in that regard is it?
Further, that is all `out there`as common knowledge now.If that were pushing the POG down(or up)that effect should now either no longer be a factor or a reduced one yet POG still goes south.
I am not saying that the current price is either right or wrong ,just a current snapshot of supply & demand as all prices are

[rhuvaal2] 01/12/2014 11:12

The US mint has been shut for weeks with no silver eagles to sell and in the East they are paying 30% over spot for gold in large quantity.