Gold

[AlfredJPruffock]

144 tons of gold would be worth around $7.2 bln (at $50k per KG).

Do you really think US govt would move a finger for such a pityful amount of money?

QE3 is estimated to be equivalent of 10,000 tons of gold, why bother with logistics trying to take 144 tons of heavy metal out of warzone?

The US does actually need to get there hands on quite a lot more than just 144 Tons - but its a start - hmmm - here is a clue - Chavez ?

[AtW]

The US does actually need to get there hands on quite a lot more than just 144 Tons - but its a start - hmmm - here is a clue - Chavez ?

Chavez wants 200 tons most of which is meant to be held by BoE.

You don't see obvious stupidity of your theory however - cost of 144 tons of gold on open market is nothing compared to what US Govt can print in seconds.

Take my advice Alf - if you publicly endorse some crack-pot conspiracy theory then at least make sure it's not possible to contradict it with 5 minutes of number crunching. If you follow my advice then you'll just look like a crack-pot conspiracy theorist rather than a complete and utter idiot.

I'll invoice you for a fiver (sterling) tomorrow for this very valueable advice.

[AlfredJPruffock]

Chavez wants 200 tons most of which is meant to be held by BoE.

You don't see obvious stupidity of your theory however - cost of 144 tons of gold on open market is nothing compared to what US Govt can print in seconds.

Take my advice Alf - if you publicly endorse some crack-pot conspiracy theory then at least make sure it's not possible to contradict it with 5 minutes of number crunching. If you follow my advice then you'll just look like a crack-pot conspiracy theorist rather than a complete and utter idiot.

I'll invoice you for a fiver (sterling) tomorrow for this very valueable advice.

You dont seem to grasp that he (Chavez) wants the Gold itself - not Fiat Dollars - maybe this will help -


"Chavez likened the people that control the gold industry to “the mafia,” stating, “We can’t keep allowing them to take it away,” as he made public plans to withdraw gold reserves from U.S. and European banks, including 99 tonnes held with the Bank of England and other reserves held by J.P. Morgan Chase, Barclays, HSBC and Standard Chartered, France’s BNP Paribas and Canada’s Bank of Nova Scotia.

Of the country’s 365.8 tonnes of gold, 211 tonnes is believed to be held abroad.

“At the time of these disturbances, it’s preferable to recover our assets, in this case the gold, and have it here in the vaults,” Venezuelan Central Bank president Nelson Merentes said, adding that it would be re-invested in more stable economies like China, Russia and Brazil.

Venezuelan Foreign Minister Nicolas Maduro said the move was part of a plan to create a “new international monetary system” as an alternative to the crisis-hit dollar reserve structure that currently governs the financial world.

[scooterscot]

You dont seem to grasp that he (Chavez) wants the Gold itself - not Fiat Dollars - maybe this will help -

Sociopaths see what they want not what they see.

[TimberWolf]

Don't Alf's conspiracy theories mostly relate to Dr Who?

[AtW]

You dont seem to grasp that he (Chavez) wants the Gold itself - not Fiat Dollars

You buy gold for fiat dollars, then Chavez will have to pay top dollar for transporation - problem solved.

It's not USA who have the problem anyway, it's England:

Chavez Emptying Bank of England Vault as Venezuela Brings Back Gold Hoard - Bloomberg

You really are hitting new unseen before levels of idiocy Alf. The only problem with so much gold is logistical task of moving it.

[AlfredJPruffock]

You buy gold for fiat dollars, then Chavez will have to pay top dollar for transporation - problem solved.

It's not USA who have the problem anyway, it's England:

Chavez Emptying Bank of England Vault as Venezuela Brings Back Gold Hoard - Bloomberg

You really are hitting new unseen before levels of idiocy Alf. The only problem with so much gold is logistical task of moving it.

So first of all - I am a conspiracy theorist - realising that what I mentioned was very real - you now resort to calling me an Idiot - which is fine - sticks and stones may break my bones ...

Many times I have been proven perfectly correct despite your predictable tactics - for another one of my mottos is :

The DarkNess Cannot Obscure The Light

So you dont think the Libyan Gold will come in handy for the US or the UK for that matter - I put it to you - think again !

But too bad - the Libyan Gold was shipped to Chavez some time ago (Aprill)

Kind of Ironic - isnt it ?

[AtW]

So first of all - I am a conspiracy theorist - realising that what I mentioned was very real - you now resort to calling me an Idiot - which is fine - sticks and stones may break my bones ...

I've given you very simple calculations that show only complete cretin can believe in US trying to storm Tripoli to get gold because otherwise they can't get it to Chavez.

There is a very thin line between conspiracy theorist and an idiot and you've crossed it.

[scooterscot]

Sociopaths Alfred have problems in three areas: ability to love, impulse control and moral reasoning.

There are genetic links between these disorders and sociopathy, thereby reasoning is effectively a redundant activity.

[TimberWolf]

Merkel Rejects Seeking Collateral in European Bailouts as Splits Emerge - Bloomberg

Some countries have the temerity to request that bailout 'loans' be backed with gold as collateral, just in case it can't be paid back.

No way Hosay. Precious, you can't have my precious.