Australian Politics Forum - Gold market is not a real market

Bobby.

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Gold market is not a real market
Jan 28^th, 2021 at 8:50pm

https://www.rt.com/business/513867-gold-market-not-real/

Gold market is not a real market, it’s a ‘paper market,’
investment manager tells Keiser Report Gold market is not a real market,
it’s a ‘paper market,’ investment manager tells Keiser Report —

Max Keiser interviews Lawrence Lepard of Equity Management Associates about price discovery and the national debt of the United States, which is now more than the country’s GDP.

There is no price discovery in gold, says Lepard, adding that “it’s a paper market.

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Sprintcyclist

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Re: Gold market is not a real market
Reply #1 - Jan 28^th, 2021 at 8:55pm

Quote:

.......... Worldwide gold demand amounted to 4,356 metric tons in 2019. Demand has been noticeably higher since the Financial Crisis. Many investors look to gold in periods of market turmoil because they believe that it holds value through recessions better than other assets.
Gold supply
The supply of gold depends largely on mine production. Production, in turn, depends on two factors. The countries with higher reserves of gold work harder to extract their gold when the price of gold increases, following standard theory that quantity supplied increases with ..............

https://www.statista.com/statistics/267360/gold-demand-worldwide-since-2002/

Supply and demand = a real market

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Bobby.

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Re: Gold market is not a real market
Reply #2 - Jan 28^th, 2021 at 9:25pm

Sprintcyclist wrote on Jan 28^th, 2021 at 8:55pm:

Quote:

.......... Worldwide gold demand amounted to 4,356 metric tons in 2019. Demand has been noticeably higher since the Financial Crisis. Many investors look to gold in periods of market turmoil because they believe that it holds value through recessions better than other assets.
Gold supply
The supply of gold depends largely on mine production. Production, in turn, depends on two factors. The countries with higher reserves of gold work harder to extract their gold when the price of gold increases, following standard theory that quantity supplied increases with ..............

https://www.statista.com/statistics/267360/gold-demand-worldwide-since-2002/

Supply and demand = a real market

You need to watch the video.

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Bobby.

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Re: Gold market is not a real market
Reply #3 - Jan 29^th, 2021 at 9:19am

From the video

13:20
" There can't be a clearer sign that price discovery
is impossible in this totally fake paper market.
Whilst fake paper gold is traded at $70 trillion a year,
annual mine production is a mere $213 billion."

18:39
"There are 100 paper contracts for every ounce of gold
that exists and I suspect that leverage is larger today"

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Sir Spot of Borg

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Re: Gold market is not a real market
Reply #4 - Jan 29^th, 2021 at 9:40am

Bobby. wrote on Jan 29^th, 2021 at 9:19am:

From the video

13:20
" There can't be a clearer sign that price discovery
is impossible in this totally fake paper market.
Whilst fake paper gold is traded at $70 trillion a year,
annual mine production is a mere $213 billion."

18:39
"There are 100 paper contracts for every ounce of gold
that exists and I suspect that leverage is larger today"

Haha that looks like bible quotes. Sure you havent joined morrisons prosperity cult?

Spot

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Whaaaaaah!
I'm a
Moron!

- edited by some unethical admin - you think its funny? - its a slippery slope

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Bobby. Gold Member Offline Australian Politics Posts: 120794 Melbourne Gender:	Re: Gold market is not a real market Reply #5 - Jan 29^th, 2021 at 9:45am Sir Spot of Borg wrote on Jan 29^th, 2021 at 9:40am: Haha that looks like bible quotes. Sure you haven't joined morrisons prosperity cult? Spot Just some quotes from the video giving the time in minutes and seconds to all the lazy people here who don't watch or read anything.
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Yadda

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Re: Gold market is not a real market
Reply #6 - Jan 29^th, 2021 at 12:45pm

'Gold market is not a real market'

bobby,

I'm not interested in the price of gold, as influenced by 'paper' trades in 'bullion'.

The current trading market price of 1oz of gold is ~ US$1,843
i.e.
If a buyer doesn't want to accept a 'certificate of ownership', the seller of the gold, has to supply the physical, 1oz of gold.

What do you believe, is a realistic, real price of 1oz of gold today ??

Do you have an opinion ?

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"....And he said unto him, If they hear not Moses and the prophets, neither will they be persuaded, though one rose from the dead."
Luke 16:31

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Bobby.

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Re: Gold market is not a real market
Reply #7 - Jan 29^th, 2021 at 3:09pm

Yadda wrote on Jan 29^th, 2021 at 12:45pm:

'Gold market is not a real market'

bobby,

I'm not interested in the price of gold, as influenced by 'paper' trades in 'bullion'.

The current trading market price of 1oz of gold is ~ US$1,843
i.e.
If a buyer doesn't want to accept a 'certificate of ownership', the seller of the gold, has to supply the physical, 1oz of gold.

What do you believe, is a realistic, real price of 1oz of gold today ??

Do you have an opinion ?

I don't know Yadda,
I've heard figures as high as $100k per ounce
if our money was based on the Gold standard -
which it's not.
Economics was never my best subject -
in fact - I never studied it.

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Sprintcyclist

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Re: Gold market is not a real market
Reply #8 - Jan 29^th, 2021 at 6:34pm

Bobby. wrote on Jan 28^th, 2021 at 9:25pm:

Sprintcyclist wrote on Jan 28^th, 2021 at 8:55pm:

Quote:

.......... Worldwide gold demand amounted to 4,356 metric tons in 2019. Demand has been noticeably higher since the Financial Crisis. Many investors look to gold in periods of market turmoil because they believe that it holds value through recessions better than other assets.
Gold supply
The supply of gold depends largely on mine production. Production, in turn, depends on two factors. The countries with higher reserves of gold work harder to extract their gold when the price of gold increases, following standard theory that quantity supplied increases with ..............

https://www.statista.com/statistics/267360/gold-demand-worldwide-since-2002/

Supply and demand = a real market

You need to watch the video.

No, I don't need to watch a video.
You want me to.

You need to explain WHY when there is a demand and a supply it is not a 'market.'

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Bobby.

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Re: Gold market is not a real market
Reply #9 - Jan 29^th, 2021 at 6:43pm

Sprintcyclist wrote on Jan 29^th, 2021 at 6:34pm:

Bobby. wrote on Jan 28^th, 2021 at 9:25pm:

Sprintcyclist wrote on Jan 28^th, 2021 at 8:55pm:

Quote:

.......... Worldwide gold demand amounted to 4,356 metric tons in 2019. Demand has been noticeably higher since the Financial Crisis. Many investors look to gold in periods of market turmoil because they believe that it holds value through recessions better than other assets.
Gold supply
The supply of gold depends largely on mine production. Production, in turn, depends on two factors. The countries with higher reserves of gold work harder to extract their gold when the price of gold increases, following standard theory that quantity supplied increases with ..............

https://www.statista.com/statistics/267360/gold-demand-worldwide-since-2002/

Supply and demand = a real market

You need to watch the video.

No, I don't need to watch a video.
You want me to.

You need to explain WHY when there is a demand and a supply it is not a 'market.'

Hi Sprint,
I suppose it's because a lot of the gold is leveraged up to 100 x
on the market -
it's just paper gold - not real gold -
you tell me after you've watched the video please?

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rhino

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Re: Gold market is not a real market
Reply #10 - Jan 29^th, 2021 at 7:19pm

Bobby. wrote on Jan 29^th, 2021 at 6:43pm:

Sprintcyclist wrote on Jan 29^th, 2021 at 6:34pm:

Bobby. wrote on Jan 28^th, 2021 at 9:25pm:

Sprintcyclist wrote on Jan 28^th, 2021 at 8:55pm:

Quote:

.......... Worldwide gold demand amounted to 4,356 metric tons in 2019. Demand has been noticeably higher since the Financial Crisis. Many investors look to gold in periods of market turmoil because they believe that it holds value through recessions better than other assets.
Gold supply
The supply of gold depends largely on mine production. Production, in turn, depends on two factors. The countries with higher reserves of gold work harder to extract their gold when the price of gold increases, following standard theory that quantity supplied increases with ..............

https://www.statista.com/statistics/267360/gold-demand-worldwide-since-2002/

Supply and demand = a real market

You need to watch the video.

No, I don't need to watch a video.
You want me to.

You need to explain WHY when there is a demand and a supply it is not a 'market.'

Hi Sprint,
I suppose it's because a lot of the gold is leveraged up to 100 x
on the market -
it's just paper gold - not real gold -
you tell me after you've watched the video please?

So you dont even understand the video you posted. And heres a clue, gold is not "leveraged".

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Bobby.

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Re: Gold market is not a real market
Reply #11 - Jan 29^th, 2021 at 7:20pm

rhino wrote on Jan 29^th, 2021 at 7:19pm:

Bobby. wrote on Jan 29^th, 2021 at 6:43pm:

Hi Sprint,
I suppose it's because a lot of the gold is leveraged up to 100 x
on the market -
it's just paper gold - not real gold -
you tell me after you've watched the video please?

So you dont even understand the video you posted. And heres a clue, gold is not "leveraged".

I already said
"Economics was never my best subject -
in fact - I never studied it. "

18:39
"There are 100 paper contracts for every ounce of gold
that exists and I suspect that leverage is larger today"

Are you an economist?

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rhino

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Re: Gold market is not a real market
Reply #12 - Jan 29^th, 2021 at 7:25pm

Bobby. wrote on Jan 29^th, 2021 at 7:20pm:

rhino wrote on Jan 29^th, 2021 at 7:19pm:

Bobby. wrote on Jan 29^th, 2021 at 6:43pm:

Hi Sprint,
I suppose it's because a lot of the gold is leveraged up to 100 x
on the market -
it's just paper gold - not real gold -
you tell me after you've watched the video please?

So you dont even understand the video you posted. And heres a clue, gold is not "leveraged".

I already said
"Economics was never my best subject -
in fact - I never studied it. "

18:39
"There are 100 paper contracts for every ounce of gold
that exists and I suspect that leverage is larger today"

Are you an economist?

Absolute nonsense.

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Bobby.

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Re: Gold market is not a real market
Reply #13 - Jan 29^th, 2021 at 7:27pm

rhino wrote on Jan 29^th, 2021 at 7:25pm:

Bobby. wrote on Jan 29^th, 2021 at 7:20pm:

rhino wrote on Jan 29^th, 2021 at 7:19pm:

Bobby. wrote on Jan 29^th, 2021 at 6:43pm:

Hi Sprint,
I suppose it's because a lot of the gold is leveraged up to 100 x
on the market -
it's just paper gold - not real gold -
you tell me after you've watched the video please?

So you dont even understand the video you posted. And heres a clue, gold is not "leveraged".

I already said
"Economics was never my best subject -
in fact - I never studied it. "

18:39
"There are 100 paper contracts for every ounce of gold
that exists and I suspect that leverage is larger today"

Are you an economist?

Absolute nonsense.

Are you an economist?

Get on to YouTube and tell them they're wrong and why:

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rhino Gold Member Offline Australian Politics Posts: 17179 Gender:	Re: Gold market is not a real market Reply #14 - Jan 29^th, 2021 at 7:30pm Why? I couldnt give a toss what these idiots put on youtube. Its nonsense with zero evidence, case closed.
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