QE "The Subsidy"

[errolanderson]

investors forget that there is a real physical demand for gold primarily from India's culture. And India's physical demand is down, way down. Why? because they don't have the money to buy gold at rich prices.

That leaves the speculator to drive prices up, without the physical demand support. IMO in the commodity world, speculators can drive prices sharply higher, but without the true fundamental support under it, the price bubble bursts.

Now had the speculator wanted to buy a true physical spitting camel (LOL) . . .

[Flatlander]

Gold is money. Not currency.
Paper is currency.
Gold is the standard and does not go up or down, the currency we use goes up and down. (At least just try and see it that way for a moment)
Gov'ts and events talk currency up/down whatever is their plan, gold would not afford these people this luxury and is therefore despised by Keynesians globally.
When you pick up your oz. of gold save yourself the5% pst and avoid certain provinces for your purchase! at least at banks

[Oliver88]

So you are saying only buy gold in Alberta?....I never thought there would be tax on gold.

Where do all of you bears buy your gold at?

[cottonpicken]

Indias demand is not down the government put up tariffs,its trade balance and banking sector are hurting because of the stuff.One story out was an entire commercial planes passengers where smuggling it in,take a look at what china has done it will blow your mind.

[Flatlander]

Not sure about which provinces don't charge it but sask charges 5% pst at scotiabank .
Fairly certain Alberta does not charge this, and BC does not.
I believe coin dealers do not charge pst in sask.
It seems random and screwed up, but hey that's most of the problem.

[errolanderson]

strap-in . . . this may be another roller coaster week.

interesting tidbit . . . there is now a 20% increase in current marginned equity positions than seen ahead of the 2007 financial crisis.

This is likely due to the ongoing cheap money policies.