Bloomberg Interview of Peter Hambro - Must Watch

24
Thu, Sep 10, 2015 - 12:36pm

A big hat tip and thank you to our pal, Koos Jansen, for spotting this and tweeting it out earlier. With all of the continuing stories of exhausted western gold supply, you need to see this interview from earlier today. Peter Hambro is Chairman and Co-Founder of Petropavlovsk, the second-biggest gold producer in Russia.

First, here's the link to Koos' article from earlier Thursday. Be sure to read it. https://www.bullionstar.com/blogs/koos-jansen/its-virtually-impossible-t...

Some quotes from Mr. Hambro during this astonishingly frank, 4-minute interview:

  • "That is real gold. The alternative is paper gold...other people's promises. That is nobody's promise."
  • "The price of gold doesn't vary, it's the price of the promises that vary."
  • "Are you sure it's as good to have Comex futures as it is to have the real thing?"
  • "It's virtually impossible to get physical gold in London to ship to China and India."
  • "There is no physical about. Instead, there are endless promises."
  • "I really worry that that paper market is something that could be stamped upon and people say 'sorry, we're going to have a financial closeout' and it's all over. If you want to be in the gold business, you want to be in the physical business."

The interview concludes with Mr. Hambro giving his thoughts on Fed policy and next week's FOMC.

This is an incredibly honest interview and I'm quite amazed that it actually aired on Bloomberg. Please take the time to watch.

TF

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  24 Comments

squib
Sep 10, 2015 - 12:45pm

It's good to be the king

Just some great quotes:

"Experience has shown, that even under the best forms of government those entrusted with power have, in time, and by slow operations, perverted it into tyranny." - Thomas Jefferson

"Power attracts the corruptible. Suspect any who seek it." - Frank Herbert, Chapterhouse: Dune

"Among a people generally corrupt, liberty cannot long exist." - Edmund Burke

"Look at the orators in our republics; as long as they are poor, both state and people can only praise their uprightness; but once they are fattened on the public funds, they conceive a hatred for justice,plan intrigues against the people and attack the democracy." - Aristophanes, Plutus

"Politically, Republicans and Democrats are at opposite ends. One's a burp and the other's a fart." - Jarod Kintz

Sep 10, 2015 - 12:47pm

Consider what Peter says...

and then consider this chart...

Sep 10, 2015 - 12:49pm

And once you hear the final

And once you hear the final 60 seconds of the interview, you'll be left wondering if Mr. Hambro isn't a closet Turdite!

LostMind
Sep 10, 2015 - 12:50pm

ok, I have to Two

"perception, not truth!"

Wow, that female interviewer just "hates" gold... OMG, she would have to carry it! Where would she "keep" it!

I guess all she wants is that DIGITAL PROMISE... err mean money.

Oh yeah, buy more metals!

waxybilldupp
Sep 10, 2015 - 12:51pm

Excellent! ...

All you need to know about owning gold in 4 minutes. Peter absolutely gets it and refuses to sugar coat the narrative. The blond, on the other hand, is completely vacant between the ears. Clown boy next to her is just warming the chair. The interview brought a smile to my face. Thanks Turd!

wax off

edit: Oh my! I see I captured the coveted THURD spot. Even a blind pig finds an acorn now and then.

Sep 10, 2015 - 12:56pm

My goodness! Wait till you see this!!

Just got this link from Koos. You will be astonished by these India import numbers! Where the heck are China and India finding all of this gold (and silver) to import??? Could it really be that London is dry and that US supply is the final safety valve???

https://www.bullionstar.com/blogs/koos-jansen/india-precious-metals-impo...

JackPutter
Sep 10, 2015 - 1:00pm

Saw this vid late last night, was surprised it got air time.

There seems to be some media pump about gold at the moment. Big name money making massive bets on gold. In my eyes if you're betting on gold then you've missed the point.

Picabo
Sep 10, 2015 - 1:01pm
Picabo
Sep 10, 2015 - 1:09pm
JackPutter
Sep 10, 2015 - 1:25pm
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