Why You Should Own Physical Gold - Kyle Bass
Why You Should Own Physical GOLD - Kyle Bass
Started by
Rogerdodger
, Dec 27 2012 12:12 PM
10 replies to this topic
#1
Rogerdodger
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#2
kamakazeman
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Posted 27 December 2012 - 03:59 PM
Why You Should Own Physical Gold - Kyle Bass
JEEEEEEEEEEEZ!
The exchange policy, position, attitude toward deliverables, asset to OE, is mindboggling.
World class stupid.
These people are too stupid to be let out of the house...
I started out with nothing, and, I have most of it left.........
#3
dharma
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Posted 27 December 2012 - 09:29 PM
yes, when i watched this video, over a year ago,( this is a small slice). meaningful. further confirmation for owning physical
dharma
#4
jack
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Posted 27 December 2012 - 10:01 PM
Remember Folks what Rodger has buried in his back yard is Vodka not Gold.
Kyle Bass is interesting but Carmen Reinhart has no axe to grind.
#5
beta
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Posted 27 December 2012 - 10:20 PM
UT's endowment is fortunate to have Kyle Bass. Too bad not all University Boards have such bold thinkers around.
Their USD $1 Billion+ stash of gold bars can help finance a secession from the Union, if needed. Currently worth north of $1.2 Billion, based on 2010-2011 cost-average purchases.
Kyle Bass recently gave a compelling interview on his JPY/JGB thesis posted @ ZH here: http://www.zerohedge...rt-japan-thesis
Their USD $1 Billion+ stash of gold bars can help finance a secession from the Union, if needed. Currently worth north of $1.2 Billion, based on 2010-2011 cost-average purchases.
Kyle Bass recently gave a compelling interview on his JPY/JGB thesis posted @ ZH here: http://www.zerohedge...rt-japan-thesis
Edited by beta, 27 December 2012 - 10:23 PM.
"Daytrading -- An Extreme Sport !"
#6
jack
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Posted 28 December 2012 - 04:40 AM
Kyle Bass POSITION on behalf of his clients:
LONG---- US non agency Real Estate Debt (possibly to maturity)
SHORT--- European Banks
Various things Japanese. (excluding adult diapers)
HIS COMMENT ON GOLD-- Its another currency, it can't be printed. It varied in price by 35% between 1913 and 1921.
He gave no details about the chosen period.
#7
jack
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Posted 28 December 2012 - 04:43 PM
Remember Folks what Rodger has buried in his back yard is Vodka not Gold.
Kyle Bass is interesting but Carmen Reinhart has no axe to grind.
RD did say he was burying vodka (july 12, 2010) BUT he was joking about new tax recording rules.
My own holiday spirits led me beyond decorum. Sorry RD
#8
Rogerdodger
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Posted 31 December 2012 - 12:29 AM
Remember Folks what Rodger has buried in his back yard is Vodka not Gold.
I drank it all last week...just before the Myan end of the world.
As I passed out I kept thinking: "They were right!"
"Nature's Failure to Function in a 'Predictable Way'... 500 years ago?"
BIGGEST SCIENCE SCANDAL EVER...Official records systematically 'adjusted'.
BIGGEST SCIENCE SCANDAL EVER...Official records systematically 'adjusted'.
#9
jack
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Posted 01 January 2013 - 06:49 AM
I drank it all last week...
Ah well...... I could not find Bennett Cerf's recipe for a Vodka Martini anyway.
HAPPY NEW YEAR everyone !!!
#10
Russ
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Posted 01 January 2013 - 12:48 PM
People that own physical gold better find a good way to hide it, if its in a bank vault the government can come and seize it as they did in the 1930's, if you buy if from a dealer it will be recorded that you bought it so the government will know who has it. If you burry it on your property it must be deep enough so that scanners cannot see it, deeper than 4 feet and there is also equipment than can determine if soil has been disturbed used by forensic scientists and satellites can also do this. So is there any safe way to hide gold? If the government gets the records from the gold dealers and knows you have it and they know the real estate you own then it seems likely they will be able to find it. As the growing debt crisis manifests governments will become more and more desperate to take the people's money.
http://www.caseyrese...oring-your-gold
http://www.caseyrese...oring-your-gold
"Nulla tenaci invia est via" - Latin for "For the tenacious, no road is impossible".
"In order to master the markets, you must first master yourself" ... JP Morgan
"Most people lose money because they cannot admit they are wrong"... Martin Armstrong
http://marketvisions.blogspot.com/
"In order to master the markets, you must first master yourself" ... JP Morgan
"Most people lose money because they cannot admit they are wrong"... Martin Armstrong
http://marketvisions.blogspot.com/
