Articles NewsFlow Gold & Silver Prices Market Briefing

Recevez notre Marketbriefing

In the same category
Gold Stocks: Poised To Outperform Everything Stewart Thomson Dovish CPI: A Super Surge For Gold? Stewart Thomson The Anti-Concepts of Money: Conclusion Keith Weiner Gold Stocks: Good Times Are Here Stewart Thomson Gold Price Reaction: Key Zones To Buy Stewart Thomson

overtheedge
Member since May 2012
680 commentaries - 6 followers

6 followers

has posted a comment on the article :

Why Wall Street and Governments Hate Gold

- Michael Pento - Delta Global Advisors

Were there a CITI bank locally, it would be interesting to take Mr. Buiter's statements in and apply for a 10 year interest-only loan for at least $20K at 5%.
5% is much larger than T-bill interest.
Then buy gold and silver.
The interest payment would be $1000 per year and when the price of PMs rises substantially, sell just enough to pay off the debt.
Pocket the rest.
Call it the bank's well deserved Karma.

For folks with higher income streams, increase the loan size and buy more PMs.
After all, the banks are eager to loan money.
And with government and bank hatred of gold, you could do your part by removing some from circulating in the market.

Commented 3427 days ago

Send

Beginning of the headline :Gold is hated more than ever by both governments and the financial services community. This is because it has now become imperative to keep the illusion of confidence in sovereign debt and paper currencies. To that end, a gentleman by the name of Willem Buiter, Citigroup's chief economist, shot into the media spotlight by writing a note on the day before Thanksgiving stating his belief that gold is in a six thousand year-old bubble. Citi's chief economist penned this "brilliant" commen... Read More

Reply to this comment

You must be logged in to comment an article

8000 characters max.

	RSS feed		24hGold Mobile
	Gold Data Center		Gold & Silver Converter
	Gold coins on eBay		Silver coins on eBay
	Technical Analysis		Fundamental Analysis