Shanghai Gold Withdrawals At Record High

[Taco]

If you want to know when the global financial collapse(dollar crash) and WW III will occur all you have to do is look at gold withdrawals at the Shanghai Gold Exchange. When China runs out of gold, SHTF.

Shanghai Gold Withdrawals At Record High
http://www.bloomberg.com/news/articles/ ... ing-demand

I remembered this video from a couple of years ago. Gold guru, Ron Kirby gives an ominous warning at 11:50 of video.

[Taco]

Meanwhile back at the COMEX...

And while we know what caused this epic surge in potential claims on gold - namely the relentless outflow in registered gold - what we don't know is whether this is a systemic event, one which threatens the next Comex gold delivery request with an "insufficient product" response, and a potential default, or simply a one day abnormality.

Something Just Snapped At The Comex
http://www.zerohedge.com/news/2015-09-0 ... pped-comex

[HouseMD]

Oh look,it's this thread again.

Maybe the financial apocalypse you've been predicting since time immemorial will finally happen this October.

Probably not. Almost definitely not. You are a broken clock though, who knows, maybe one of these days you'll get lucky and get to do the "I told you so" dance. But it won't be because you were right- it's because you are a broken clock, and you just happened to be looked at at the right time of the day. Of course, that time won't be anytime soon.

[Taco]

Maybe the financial apocalypse you've been predicting since time immemorial will finally happen this October. Probably not. Almost definitely not. Of course, that time won't be anytime soon.

That's true.

Actually, the financial apocalypse won't happen until oil hits a bottom(about $20/barrel is my guess). I find the recent inverse relationship between oil prices and the USD Index to be quite interesting. The dollar is making its final ascent.

[HouseMD]

Maybe the financial apocalypse you've been predicting since time immemorial will finally happen this October. Probably not. Almost definitely not. Of course, that time won't be anytime soon.

That's true.

Actually, the financial apocalypse won't happen until oil hits a bottom(about $20/barrel is my guess). I find the recent inverse relationship between oil prices and the USD Index to be quite interesting. The dollar is making its final ascent.

Oil won't hit $20 a barrel. That's less than it costs to pump and distribute, and would amount to losing money to sell oil.

The only reason oil prices are low right now is because OPEC is trying to undermine all of the shale companies. Once oil has been low long enough for the majority of them to go out of business, oil prices will go back up.

[Taco]

Maybe the financial apocalypse you've been predicting since time immemorial will finally happen this October. Probably not. Almost definitely not. Of course, that time won't be anytime soon.

That's true.

Actually, the financial apocalypse won't happen until oil hits a bottom(about $20/barrel is my guess). I find the recent inverse relationship between oil prices and the USD Index to be quite interesting. The dollar is making its final ascent.

Oil won't hit $20 a barrel. That's less than it costs to pump and distribute, and would amount to losing money to sell oil.

The only reason oil prices are low right now is because OPEC is trying to undermine all of the shale companies. Once oil has been low long enough for the majority of them to go out of business, oil prices will go back up.

I disagree. Oil prices will continue to drop because Iran is going to double production soon. Most of the oil and fracking companies in western countries will go bankrupt. Saudi Arabia needs $4/barrel oil to break even. There is also a huge oil discovery in Israel.

Will The Discovery Of Huge Amounts Of Oil In Israel Lead To War In The Middle East?
http://endoftheamericandream.com/archiv ... iddle-east

Iran Puts Figure On 2016 Oil Production Goals
http://www.upi.com/Business_News/Energy ... 441188581/

Why Saudi Arabia Won't Cut Oil Production
http://money.cnn.com/2015/08/28/investi ... -oil-opec/

OPEC May Boost Oil Output To Record With Iran Back Amid Glut
http://www.bloomberg.com/news/articles/ ... -amid-glut

[Teal Lantern]

If you want to know when the global financial collapse(dollar crash) and WW III will occur all you have to do is look at gold withdrawals at the Shanghai Gold Exchange. When China runs out of gold, SHTF.

What kind of gold coins or bars are popular among P. Islanders to preserve their wealth?
Or do they just stick to stronger currencies?

[Taco]

If you want to know when the global financial collapse(dollar crash) and WW III will occur all you have to do is look at gold withdrawals at the Shanghai Gold Exchange. When China runs out of gold, SHTF.

What kind of gold coins or bars are popular among P. Islanders to preserve their wealth?
Or do they just stick to stronger currencies?

Filipinos guy gold jewelry and that's about it. Its easy to pawn.