Close X Cookies are necessary for the proper functioning of 24hGold.com. By continuing your navigation on our website, you are accepting the use of cookies.
To learn more about cookies ...
EnglishFrench
Gold & Silver Prices in
ArticlesNewsFlowGold & Silver PricesMarket Briefing
Profile and commentaries of Purpose2012
Purpose2012
Member since January 2009
Followed by 0 memberFollows 0 member
11 commentaries, with 2 Replies
2 replies to his comments (18%)
Average Note : 79 / 100 for 6 rated commentaries  19  5 
Last commentary posted on Tuesday, August 20, 2013
 
 Profile Commentaries Followed By Following 
 Adam Hamilton - Zealllc
GLD Exodus Reversal  (6)
An interesting (though too long for my liking !) analysis of the dynamics of GLD; but I think its opening assertion - "The capital fleeing this single vehicle was the primary reason gold plunged so dramatically in 2013's first half" - is as myopic and misleading as B****berg's standard statement that prices fell "...as some investors lost faith in the metal as a store of value" (or some similar phrase).
8/20/2013 at 8:31 PMPermalink
 Dan Dontrose - The Fundamental View
The Soap Opera Surrounding Today’s Gold Sell-Off Has Started  (19)
This guy really needs to move to de-caff. "Too many people have seen their finances crushed because they continued to drink the kool-aid" ?! All that has happened is that gold is now >20% below its all-time high. Even if you were unlucky enough to buy on the day it hit the $1900 high (and are foolish enough to sell it now), a 20% loss on a *reasonable fraction* of your portfolio should hardly be disastrous. ...
4/14/2013 at 9:01 PM  7  1  Rating :  6 Permalink
 Aubie Baltin
5 Reasons Gold Will Set an All-Time Record In 2013  (9)
Great article, but I think you’re far too bearish : ) Here’s a seventh reason : scarcity.

Global gold production is reckoned (by the US Geological Survey) to be about 2,600 tons per year : that’s 83,590,000 troy ounces.
At the current price ($1600) that’s worth $133,744 million.

Meanwhile, the world’s GDP is reckoned at about $70 trillion. The top 1% of wage earners take 10% of that; so...
3/19/2013 at 1:12 AM  3  1  Rating :  2 1 AnswerPermalink
 Darryl Robert Schoon - Survive the Crisis
The Gold Market Seen Through a Glass Darkly  (2)
Mr Schoon -

I'd just like to say how much I enjoy your articles, over the last few years you have had quite on effect on my opinions !

However I do think it's incorrect to give too much credence to the story about the BoE selling gold to bail out a bank with a heavy short position: I commented previously about this, on Bill Murphy's article "It Won’t Be Long Before The Gold/Silver Manipulation...
12/13/2012 at 12:47 AMPermalink
 Jesse - Jesse's Café
Closer Look at Gold's Potential 'Cup and Handle' Formation  (2)
Thanks for your thoughts, Jesse. Unlike many commentators on this subject, you are to be congratulated for your efforts to encourage everyone to search for the Truth, rather than angrily arguing their partisan opinion.

"Once you are in the spell of the horn, Hatred will destroy you..."
- Erik The Viking
11/21/2012 at 1:39 AMPermalink
 Bill Murphy - Le Metropole Café
It Won’t Be Long Before The Gold/Silver Manipulation Scandal Goes Mainstream  (11)
Hi Bill

By way of caveat, I'd first like to say I totally appreciate the efforts of yourself & other members of GATA in attempting to expose the scandal that may in later times be called 'The Greatest Fraud On Earth'.

However I'm surprised you've quoted the Thomas Pascoe article, as many of the 'below-the-line' comments on the original have (fairly, I think) poured scorn on the main tenet, whi...
7/9/2012 at 10:33 PM  5  1  Rating :  4 Permalink
 Andy Hoffman
The Sunday Night Paper Silver Massacre – Revisited  (10)
Andy, you omitted to mention that after The Good Guys (allegedly) found and killed the (allegedly) most-wanted-man-since-Hitler, they (allegedly) dumped the evidence straight into the ocean. Obviously this had to be done "in a bid to stop his fanatical followers turning his final resting place into a shrine" - at least according to the UK's 'Daily Mail' (the newspaper that named Hitler 'Man Of The year 1936', ...
3/28/2012 at 11:19 PM  1  1  Rating :  0 Permalink
 Bron Suchecki - Perth Mint
Fake Bars - The Facts  (2)
IMHO, this article is probably more reassuring than an affidavit signed by *both* Popes. Thanks Bron.
3/26/2012 at 10:17 PMPermalink
 Jesse
Today is the First Notice Day for Silver  (24)
When it's a choice between paper promises, or paying a bit of a premium for physical metal, you have to take the nasty-tasting medicine in the knowledge you'll feel a lot better in the end...
3/1/2012 at 1:11 PM  2  0  Rating :  2 1 AnswerPermalink
 Chris Powell
Another misplaced sneer about gold from The Wall Street Journal  (1)
True, it is (if our beliefs about the financial future are correct !) good for individuals like us who are heavily invested in precious metals. For the West as a whole though, disastrous.

Whilst Western CB's are busy suppressing the price of metals, for what they see as 'gain' (a few paper bucks from short-selling), the Eastern banks & people are busy buying like there's no tomorrow; thus, before our v...
2/20/2012 at 3:24 PMPermalink
 Peter Schiff - Euro Pacific Capital
Obama Gets Real  (13)
When I saw the headline 'Obama Gets Real', I thought he'd been spotted down at the local coin dealers, stocking up on silver...
12/11/2011 at 7:03 PM  1  1  Rating :  0 Permalink

Gold Editorials | Gold Resource News | Gold Fundamental | Gold Discoveries and Drilling Results | Gold Exploration and drilling | Gold In the News and Medias | Gold Most Read Press Releases | List of Copper mining companies | List of Lead mining companies | List of Nickel mining companies | List of Zinc mining companies | List of Gold mining companies | List of Silver mining companies | List of Platinum mining companies | List of Diamonds mining companies | 金銀市價 | सोने_की_कीमत_और_रजत | Precio del oro y plata | أسعار_الذهب_الفضة | ราคาทองคำและเงิน | gold und silberwechselkurs
Contact us Privacy policy Disclaimer About us
copyright 24hGold