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Author Topic: Gerald Celente Gox'd by MF Global/Lind Waldock  (Read 2057 times)
evoorhees (OP)
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November 16, 2011, 04:50:02 AM
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Even gold is subject to Goxxing!

http://www.youtube.com/watch?v=kt-mVWYvOm0&feature=player_embedded
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November 16, 2011, 08:28:57 AM
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Of all people, he should have known better. Gambling is not the same as investing.

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In the future, books that summarize the history of money will have a line that says, “and then came bitcoin.” It is the economic singularity. And we are living in it now. - Ryan Dickherber
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The idea that deflation causes hoarding (to any problematic degree) is a lie used to justify theft of value from your savings.
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November 16, 2011, 06:16:53 PM
 #3

i don't blame him for what he was doing with the futures contracts.  he was taking delivery from the Comex which is contributing to pressure on supplies.

it was part of a diversified strategy.

OTOH, i think pm's and the miners are on the precipice.
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November 16, 2011, 09:58:52 PM
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I don't exactly get why people don't just buy retail bullion. Even people with enough money to get a contract, can limit order at a bullion dealer and pay maybe 1% more.
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November 16, 2011, 11:46:04 PM
 #5

An amusing difference between those using MF Global and those using Mt. Gox is that, as I understand things, most typical users of Mt. Gox were made whole by Mt. Gox (and by extension, the Bitcoin currency system.)  This has yet to happen for Celente et-al who put their faith in the regulatory structures supporting the USD currency system {chuckle}.

But when (not 'if') Celente is made whole, I bet it will by my tax money that pays him off in the interest of 'supporting market confidence'.  {frown}

I'll chock this up as a win for the Libertarians (as much as I hate to admit it.)


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