Long Position on Silver and Gold?

[roberth]

More from India and their tax on gold.

We know from long and broad experience that governments hate gold. It functions as a barometer of governmental currency depreciation, which is useful all by itself. It has an excellent record as a store of value, which is why gold demand rises along with the inflation rate. However, among clever people it also serves as a medium of exchange: i.e., a true money.

Why is there “no buying?” In part because of the reporting requirement that accompanies the new tax, but in at least equal part because there’s no selling. Those who have gold, seeing that the influx is to suffer, are holding on to what they have. In response, India’s many jewelers are straining to reach a compromise with the government, so that trading in gold will be reinvigorated:

http://bastionofliberty.blogspot.com/2016/03/quickies-governments-and-gold-part-2.html

http://bastionofliberty.blogspot.com...-and-gold.html

http://www.businessinsider.com/india...-impact-2016-3

[davsel]

[Irving]

Too bad he doesn't say when he's coming to town right?

I can understand why people don't want to buy stuff off the street though. Everyone peddling stuff on the street says what they have is real and a great deal.

[Chaffee2]

Too bad he doesn't say when he's coming to town right?

I can understand why people don't want to buy stuff off the street though. Everyone peddling stuff on the street says what they have is real and a great deal.

True, but I would say but it needs to be checked out by the coin shop. The microphone is a give away that something is up and he just didn't steal it. People are just stupid. I've always wondered how many takers he's had. Surely not everyone is an idiot.

[Great-Kazoo]

Surely not everyone is an idiot.

[Irving]

Oh I agree. You see a microphone and a camera, then investigate further.

[roberth]

15 Jan 2016 - Oil was on the $29 handle. 16 March 2016 Oil is on the rise, Brent is on the $40 handle and WTI is about to hit the $39 handle. Anticipation of summer driving season?

Gold was up $30 to $1262 and silver up 30 cents to $15.60.

Aunt Janet said FedRes wouldn't raise interest rates this time but might raise them later this year. DOW was essentially flat on this news.

US Debt Clock says we're at $19.1 Trillion, isn't that a nice number for your great-grandchildren to pay or default on. Don't worry, they'll default on themselves since the net tax payers hold the majority of the debt (assuming your grandchildren are producers and not parasites), the net tax receivers (bernie's people among others including foreign aid) are the recipients of all that debt.

[earplug]

They can't print precious metal.

[sniper7]

They can't print precious metal.

The new gold and silver plated 3D printers can

[TRnCO]

Anticipation of summer driving season?

Changing over from winter blend to summer blend, always makes the price rise, along with the "summer driving" excuse.