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

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Keg
Sep 11, 2015 - 5:44am

My favorite quote

My favorite quote from the interview:

"Perception is the new truth."

renozep
Sep 11, 2015 - 12:35am

Peter Hambro Interview

Oh! That was a balm - A very credible man on top tier MSM speaking the truth.

He just laughed at the blond.

Thanks for that Koos and Turd.

lakedweller2
Sep 11, 2015 - 12:05am

Firefox

Firefox didn't work for me but safari and bing did.

cashonly
Sep 10, 2015 - 10:46pm

Which browser are you using?

Video plays for me in both safari and Firefox

JackPutter
Sep 10, 2015 - 8:22pm
cashonly
Sep 10, 2015 - 7:26pm

There is no video for me

this is a snippet of the page I see:

AlienEyes
Sep 10, 2015 - 7:24pm

Most famous last words of all time....

"WTF was That ???"

Mayor of Hiroshima, Japan on Aug. 6, 1945.

infometron
Sep 10, 2015 - 6:06pm

time for another anonymous h/t poll

Hat tip if you are an otherwise recognizable but anonymous "closet turdite"

This would include major players and personages such as previous or potential A2A guests, or erstwhile personages who are influential in the media, financial, precious metals related industry, but for reasons of discretion and/or ridicule prefer to remain anonymous...

Sorry SS121, Dr P, CPE, Mr. Fix, and other fellow beloved turdites, you all know who you are, this poll sadly doesn't include you. Also, no hat tips for the brilliant idea of an anonymous hat tip poll (that would skew the results, right!?) Kudos, comments, and condemnations happily accepted in a separate post.

I also happily dedicate this anonymous h/t poll to GuerrillaCapitalist!

Edit: I know it's tempting, but no pretenders, posers, or wannabes! :^))

Visit the FAQ page to learn how to track your last read comment, add images, embed videos, tweets, and animated gifs, and more.

SteveW
Sep 10, 2015 - 5:18pm

Bloomberg TV

The show on which Mr. Hambro appeared is "The Pulse" with London based anchors. It runs from 4:00 am to 6:00 am Eastern Time and is only seen in the US by dedicated viewers.

JackPutter
Sep 10, 2015 - 5:09pm

I ran into several articles about Soros, Drukenmiller, and other

and other big names going into "gold" Ic ould gamble we're talking ETFs and not the physical materials. My belief is based on SRSROCCO's recent research article on where the bulk of actual invest for silver has gone ie. bars and coins rather than SLV or GLD that both of the ETFs could have been dryed up.

The fact that both the LBMA and the COMEX were both caught messing about with public numbers that things might be a bit tight between the sham-factory of ETFs and "bourses". I'm pretty convinced that the ETFs are a form of ponzi strip mine for JPM and others, not to mention trying to siphon off physical sales from the market.

Here's a UK page that's full of perception management for you;

https://www.theweek.co.uk/gold-price/61682/gold-price-is-its-long-term-d...

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