Chinese Gold Demand with Koos Jansen

Fatso
Jan 11, 2014 - 9:56am

Great value being a member at this site!

Tyrd

I sleep much better at night from your podcasts, thany you for everything!

MsMaryMac
Jan 11, 2014 - 10:04am

A few questions for Koos on

A few questions for Koos on the next go around, Does he think that Germany may be buying gold covertly? Does he think the US suspects this? Granted, this does not fall into his area of expertise, but he may have an opinion or perspective on these questions. Great Podcast, Thank You

Sandiaman
Jan 11, 2014 - 10:14am

Third

Thanks for a Saturday Edition.

ivars
Jan 11, 2014 - 10:15am

I think this is what is going

I think this is what is going to happen very soon. The ultimate bailout- recapitalization of th FED by USG. But this time with state assets not more debt. Clever people predicted it long time ago-2011:

https://www.reuters.com/article/2011/01/11/us-usa-fed-insolvency-idUSTRE7096FE20110111

Quote: But the Fed's newfangled policy steps and the potential for credit losses raises, for some experts, the prospect that the Treasury may actually be forced to "recapitalize" the Fed -- economist-speak for what others might call a bail-out.

That would be a strange role reversal given the Fed's efforts to ease monetary policy by buying the Treasury's debt, and it could raise a political firestorm from lawmakers who believed all along the Fed was putting taxpayer money at risk.

After this, politics will have new dimension and Rand Paul type people stock may surge ...which does not bode well for his life expectancy.

Similar thing was done in England in 18th or even end of 17th century as well, though not with real assets I think.. I have to look into Bullion report again.

There might be other CBs in history of some countries that had sucked in state assets from state in exchange for state debt? .

TF MsMaryMac
Jan 11, 2014 - 10:35am

MsMary

Just click to his site. I'd suggest you email him directly with your questions. He's a very nice guy and I'm certain he'll get right back to you.

Orange
Jan 11, 2014 - 10:43am

Memories

I received a valentines card in my late teens in England.

The return address was:

Miss Mary Keeps

The Cackwell Inn

Tillet Herts.

To bad, I never could figure out who sent it.

The Doc
Jan 11, 2014 - 11:09am

Looking forward to sitting

Looking forward to sitting down with a nice cup of coffee and listening to this TF! Koos is a wealth of information on the Chinese gold market.
Our pal Ned was kind enough join us on M&M this week for any Turdites interested.
We need to get you back on the show Turd, its been awhile!
-Doc

Long & Wrong? Ned Naylor-Leyland on The Last Little Trickle of the Gold Repatriation Game

Podcast: Play in new window | Download

Quilter Cheviot fund manager & precious metals expert Ned Naylor-Leyland joins The Doc & Eric Dubin on this week’s SD Weekly Metals & Markets for an in-depth discussion on gold & silver.
Ned discusses the German investigation into precious metals market manipulation- and why unlike the CFTC, the German’s have the motivation to conduct a real investigation.
We cover the Bundesbank’s attempts to repatriate its gold reserves: why NNL is “da*n sure” the Germans knew their gold was gone, and that after only receiving 37 tons in year 1, Ned almost wonders whether the Germans will get ANY more, and states that we are likely seeing the last little trickle of the repatriation game kicked off by the Venezuelans.
Naylor-Leyland believes it is difficult to say the price of gold has really fallen when you see such a complete divergence between demand for the underlying and the price on the screen and that redemption for precious metals investors may not be far off:
We’ve all been long and wrong for awhile, but with the kind of premiums in India- the same kinds of premiums that broke the London Gold Pool last time around- the same 20% ish arbitrage opportunities. The physical is swirling around madly, and I see a change taking place very soon.

https://www.silverdoctors.com/long-wrong-ned-naylor-leyland-on-the-last-...

MsMaryMac TF
Jan 11, 2014 - 11:14am

Koos Questions

Thanks Turd

Will do and share with the board.

silver66
Jan 11, 2014 - 11:28am

top ten twice today

my lucky day Silver66

waxybilldupp
Jan 11, 2014 - 11:38am

? for admin ...

I've been having issues with pages loading for the last 3 or 4 days. A new page takes about 20 seconds to load, rather than the usual 1/10 of a second. Other issue is that when I click on a hat tip, the page reloads and takes me back to the top. Any one else seeing these issues? I've cleared out cookies, cleaned everything I can clean, rebooted multiple times. Nothing improves the situation. Any ideas? Anyone? Bueller? Anyone?

wax off

TF waxybilldupp
Jan 11, 2014 - 11:46am

Beats me

Which browser are you using?

waxybilldupp
Jan 11, 2014 - 12:01pm

? ...

Windows 7 and AOL

All of a sudden, the hat tip problem went away. Now, the page load issue is intermittent. Some load immediately and some still drag their feet. Better, but not perfect. Strange. NSA must have found something more interesting to f*k with.

wax off

fraxinus
Jan 11, 2014 - 12:03pm

Time to stick a fork in the Comex, it's done

Comex dealer gold stands at 12.95 tons, which amounts to an average day's physical delivery at the Shanghai Gold Exchange. I'd head to the LCS, but my personal gold reserve is already larger than Canada's.

PaPaSpeed
Jan 11, 2014 - 12:13pm

Is there any Gold?

I’ve been reading Harvey Organ on a regular basis over the last few months. The month of November he could hardly wait for the “fireworks” to start at the comex in the big delivery month of December. December has come and gone. Did anyone see any fireworks? I didn’t. Additionally, according to Harvey there is still 6.55 tons from December to be settled on. Do they not have to settle December contracts in December? Or, do they not have the dealer gold they report to have? Why wouldn’t they settle up? Any ideas? Are Harvey’s numbers legit?

TF
Jan 11, 2014 - 12:14pm

An obviously-bored Dan

An obviously-bored Dan Ameduri made these yesterday:

DollarMenu2
Jan 11, 2014 - 12:39pm

Thank you Turd...

Thanks for the podcast w/Koos - This was a treat for my Saturday a.m.!

BagOfGold TF
Jan 11, 2014 - 12:51pm

Turd...those Jamie Dimon Vs Eric Sprott videos...

are sooooooo funny!...They remind me of some of the gifs MUDbone creates!!!...

Bag Of Gold

ag1969
Jan 11, 2014 - 1:06pm

Hey Doc

I posted that interview with NNL in the JY thread this morning. It was great. Thank you.

Galearis
Jan 11, 2014 - 1:19pm

Re Ed Steer

Ed has probably always understood the end game scenario. ANOTHER/FOA understood it back in year 2000, and it helps if one is watching for the right light at the end of the tunnel in the right tunnel. It may be too soon to tell, but I am going to suggest that paper gold and silver prices are not on their way to dizzying heights until these paper markets die ingloriously. He wrote on Friday:

Friday's [yesterday's] Commitment of Traders Report was a disappointment. I was expecting some sort of improvement, but what we ended up with was a further increase in the Commercial net short position in both silver and gold. In silver, the Commercial net short position increased by 757 contracts, or 3.8 million ounces. The Commercial net short position is now up to 127.6 million ounces, which is certainly well off its low. Ted says that JPMorgan's short-side corner in the silver market is now back up to 85 million ounces. A few weeks back Ted had them pegged at a 50 million ounce short position, so it's obvious that JPM is going short again in spades in order to prevent the silver price from blasting off since this latest rally began.

In gold, the Commercial net short position increased by a further 8,863 contracts, or 886,300 troy ounces---and it now stands at 4.19 million ounces. This is still a very low number, but it's not going in the right direction. Ted says that JPMorgan's long-side corner has dropped by a substantial amount, and is now down to 5.7 million ounces, so it's obvious that JPMorgan has not been waiting to sell its long positions at big profits, but has been selling to cap the price ever since the current rally began when the low was set back on December 19.

************

Translated: JPM et al will cap the prices until all the real gold has gone East. If there is still silver left in the COMEX during the coming moratorium on bullion it will be rehypothecated. This means that the wheels are coming off pretty soon. The very large draw down of registered stocks this week at the COMEX is showing just how CLEARLY Ed understands what this means....

As I keep saying: Why should JPM go after big profits in the paper gold and silver markets (by selling out its long positions) when their take is guaranteed in every other market on the continent due to market control by the FED. So to protect those profits measured in dollars EVERYWHERE ELSE (along with maintaining a crooked system), the banks MUST keep paper gold and silver in check. That small price to pay,...thingy.... Remember that a rising gold price (the real competitive money/currency)= a falling dollar.

It seems so simple a concept to understand by even the gold bug community, but clearly it IS NOT! When the gold is gone the wheels come off.

Prediction number 2: We are on our way to a "deliveryless" bullion contracts at the COMEX but they will be able to hide the fact for some months. This will be a light at the end of the right tunnel.

FWIW,

G.

Orange
Jan 11, 2014 - 1:21pm

Goldman says markets overvalued

A crash would be nice since I bought some FAZ, which should skyrocket. Likely good for PM's after initial margin covering.

https://www.zerohedge.com/news/2014-01-11/did-goldman-just-kill-music-sp...

ag1969
Jan 11, 2014 - 1:28pm

Just started my first batch...

...of home made colloidal silver. I followed Mr. Fix instructions to a T:

https://www.tfmetalsreport.com/comment/596102#comment-596102

With the exception that I ran the leads from the alligator clips through two holes in the cap exactly 1 inch apart and centered. I used electrical tape to build up the wire under the cap, causing them to stop at exactly the same height when I pulled them up through the cap. I then attached alligator clips to my wire coming from the 12 volt battery so that after I screw on the cap with the coins (2014 Maples) hanging down, I can just clip the battery wire to the leads. I did shine a laser through the jar before I started, and I could not see the laser light as the Fixer said in his comment. I will be interested to see what happens with the laser when I am done.

Thank you for the help Mr. Fix.

DayStar
Jan 11, 2014 - 2:02pm

Harvey's Up! (TFMR)

DS: The FDIC seized the Texas Community Bank, National Association, The Woodlands, TX this week.
Harvey: I am very skeptical of the COT data. Harvey: Today, gold and silver got a boost from the poor jobs report in the USA. The dollar was hit and bond yields plummeted giving our precious metals a big boost. GOFO is still showing major stress as we have the first two months in backwardation and the big 3 month contract is now slightly out of backwardation.
Dr. Constantin Gurdgiev (GoldCore): Unlike many other asset classes, such as stocks and bonds, gold does not suffer from survivorship risk. As such, gold acts not only as a traditional hedge and safe haven with respect to 'normal' or 'continuous' risks present in the global financial markets, but also a hedge against large scale tail events. Quoting individual stocks without adjusting for survivorship risk presents a misleading picture of risk-returns relationship that does serious disservice to the public. Quoting such differences immediately after a major tail risk event, such as the global financial crisis, is outright wrong, full stop.
Dr. Brian Lucey (GoldCore): Besides the theoretical aspect of gold as a hedge and its survivorship properties, there are also the historical facts of how gold acted in a crisis, and there are real histories of real people and families and their experience of owning gold, both in recent years and in history. Some of the many times when gold protected people’s wealth are: Germany in the 1920’s, much of the world in the 1930’s, China in 1949, the western world in the 1970’s, the USSR in 1990, Argentina in 1989 and 2001, Zimbabwe in 2008 and indeed much of the western world since 2007 and the financial crisis. Last year, gold protected people in Cyprus from the deposit confiscation. History clearly shows that individuals, families and companies that own gold have fared much better than those who do not.
Jessie of American Cafe: Since the last time I had checked earlier this month there was a redemption of 10,072,357 shares for 83,890 ounces of gold bullion. That is about 210 London Good Delivery bars. Redemptions at Sprott Gold had been very unusual, until recently it seems. Apparently that is changing, as the scraping of the barrel proceeds. Yeah, there is no unusual demand for physical gold bullion in a format acceptable for Asia. Nothing to see here, move along. At least Sprott runs a 'fully allocated' ship. If a 'run' on the unallocated pools of gold starts, this could really get interesting. Deleveraging in a short squeeze, ain't it a b----?
Keith Barron: Demand is still huge and it’s not abating. What caught my eye was the very large seizure of gold in Pakistan. Of course this gold was destined to go across the border into India. The punitive gold taxes in India are clearly not working. In fact, the government is now talking about repealing them altogether, or at least bringing them down because what these politicians have done is a very, very unpopular thing in India.
Keith Barron on gold: I believe the gold world will be rocked because there will be tremendous strains in terms of available physical gold. I also believe there will be a problem supplying contracts on the Comex. I think the Fed is having difficulty finding large quantities of gold to return to Germany because so much physical gold is going to countries like Vietnam, Thailand, China, Japan, South Korea, Taiwan, etc. Every country in the Far-East is accumulating gold in a big way at these price levels. It is getting easier and easier for a major player or players to pull a ‘Bunker Hunt’ and corner the gold market. The Hunt Brothers took the price of silver into the stratosphere back in 1980. With the lack of available physical gold, I believe wealthy entities will shock the gold market and send prices soaring in 2014 because it is now so vulnerable.
William Kaye: The longer-term picture (for gold) is extremely bright. The picture in China itself is phenomenal. Right now China is, in terms of final demand, consuming virtually 100% of non-China global production of gold. This is an amazing thing when you think about it. Chinese production is estimated at slightly over 400 metric tons (each year), which is not huge, but they don’t export that (gold). All of that (gold) by law belongs to the People’s Bank of China, and if my sources are right, doesn’t even go through Shanghai. Well, since China’s production is a little over 400 tons, and total global production is estimated at between 2,600 and 2,700 tons and Shanghai imported 2,200 tonnes, what that tells you is that China accounted for approximately 100% of all external (global gold) production -- all non-China production. So where is everything else coming from (to fill the rest of global gold demand)?
Bron Suchecki (his private blog, but he works for the Perth Mint): The bottleneck in the global coin minting process is blank (planchet) manufacture. This is a far more complex process than simple stamping of a coin, particularly around purity and accurate weight control. As a result, blank manufacture is a process that benefits from economies of scale and thus few mints these days make their own blanks, outsourcing the process to a limited number of private and public suppliers, of which the Perth Mint is one. If you dig deep, you will find that many of the coin supply problems come from underestimation of demand and the resulting exhausting of blank inventories. Often, blank suppliers are mints themselves and can face conflicts where they earn more by prioritising blanks for internal use rather than supply externally. Running higher blank inventories is often not an option, due to the cost of funding the high dollar value of the inventory.
Zero Hedge: China became the world's biggest trader in goods for the first time last year - overtaking the US for all of 2013. However, as always with China, there is a caveat. The Chinese government itself has expressed some concern about Chinese trade data in late 2012 and early 2013. Statistics officials have acknowledged that during that period export numbers in particular were distorted by a huge amount of fake invoicing by companies and individuals evading China’s strict capital controls to move cash in and particularly out of the country.
Michael Snyder: The entire continent is a giant economic mess right now. Unemployment and poverty levels are setting record highs, car sales are setting record lows, and there is an ocean of bad loans and red ink everywhere you look. in 2014 and 2015, Italy and France will start to take center stage. France has the 5th largest economy on the planet, and Italy has the 9th largest economy on the planet, and at this point both of those economies are rapidly falling to pieces. Expect both France and Italy to make major headlines throughout the rest of 2014. I have always maintained that the next major wave of the economic collapse would begin in Europe, and that is exactly what is happening.
Tyler Durden: Despite an apparent belief among the US mainstream media that 'taper' is priced in, Saxo Capital Markets warns that Emerging Market countries with large current account deficits like Brazil, India, South Africa, Indonesia, and Turkey face increasing problems.
Zero Hedge: The last 2 weeks have seen a 35% collapse in the cost to ship bulk. There is a relative seasonal pattern over the holiday period - with shipping costs rising into the holiday and falling after but... this is the biggest drop from a Christmas Eve since at least 1984, 30 years! Seems like the inventory stacking of Q4 had absolutely no follow-through whatsoever.
Zero Hedge: Only 74,000 jobs were added in December which was a huge miss of expectations of 197,000. As a reason for the plunge the BLS says there was a major weather effect seen on the forced part-time series, and notes the decline in healthcare which is rare, and but it was part of the sector slowing. Thank you Obamacare. DS: Obamacare is designed to destroy the healthcare sector which is 1/7th of the US economy. The administration designed the O-care web site so it would not work, and they have force the dropping of some 4 million off healthcare rolls. That means the hospitals will face more and more desperate people with no form of insurance at all, and the hospitals will face rising costs, and some will close. People who can't get O-care will be forced to pay the tax, and that will decrease disposable income and especially the overpriced medical care. So, Obamacare has dramatically curtailed the ability of people to access health care and increased taxes and is shutting down medical care.
Tyler Durden: Curious why despite the huge miss in payrolls the unemployment rate tumbled from 7.0% to 6.7%? The reason is because in December the civilian labor force did what it usually does in the New Normal: it dropped from 155.3 million to 154.9 million, which means the labor participation rate just dropped to a fresh 35 year low, hitting levels not seen since 1978, at 62.8% down from 63.0%. And the piece de resistance: Americans not in the labor force exploded higher by 535,000 to a new all time high 91.8 million.
Greg Hunter: The UK Royal Mint ran out of its 2014 Sovereign gold coins, while in the U.S. it was announced 2013 brought record gun sales. More than 21 million background checks were done, and those checks are good for more than one gun. Looks like some folks are waking up to something being terribly wrong.

All this and more on... The Harvey Report

https://www.tfmetalsreport.com/comment/611593#comment-611593 DayStar

Bugzy
Jan 11, 2014 - 3:18pm

Repost from Project mayhem thread

Interesting Experiment.

(I reposted as Mayhem may be a bit stale and I am hoping for some discussion about this).

I live in Vancouver and although originally from the North of England, I have come to the conclusion that something weird is going on.

You can talk to folk here; as long as you do not say anything of any significance. The weather, the game, more weather....

I did an experiment the other day:

I found myself in a group of about 20 individuals (males); ages about 20 to 30 mainly. The subject of colour codes for electrical resistors came up... (not going to go into details).

Black, Brown, Red, Orange, Yellow, Green, Blue, Violet, Gray, White.

Well, I had a feeling that it was not exactly PC for some reason but I thought I would try a trick I learned many years ago to remember them in order:

Bad boys rape our young girls but violet goes willingly.

Well, there was an outcry of what I can only describe as localized censorship. "Whoooh, can't say that! " Was spontaneous from about half the group. Like some Victorian era mention of exposed ankle or something.

And then I got to thinking; folk are so boring these days. Everything is forbidden to talk about. Nobody expresses an opinion, a need to say the right thing, or nothing at all!

PC (politically correct) just seems to be a way of mass control.

We do not need the thought police to come, they seem to have already been and gone and given everybody soma (mellow pills).

Then I thought about passive aggression. It is everywhere here. You can hear it everyday with horns honking for the smallest delay in setting off or turning at a light or or... Seems to me that folk are unable, via some learned collective censorship to express themselves in the normal way. I remember the Riot when the Canucks (Ice Hockey) lost in the finals.

Anywho, I think that folk still call a spade a spade where I come from and would probably laugh and think this method of remembering was quite good.

Ether that or I am totally out of touch with how things have changed in 30 years. If so, what is this change? Is it helpful or not? Is it a sign of progress or a sign of covert suppression of individualism? Seems very collective in my view.

Is it just Vancouver or does it exist in other places? Dags?

All thoughts welcome.

And THAT is why I like Turdville. A place for me to be just me and to express my thoughts openly without too much put down.

¤
Jan 11, 2014 - 4:00pm

Life Imitates Art....Sideshow Underway

Mario Draghi: strap on your Pickelhaube and buy fistfuls of German Bunds

By Ambrose Evans-Pritchard Economics Last updated: January 10th, 2014

Photograph: Bild

It does not require outright deflation to push Europe into a debt compound trap. Under current pricing in the futures market, Italy is already at risk of an exponential rise in the public debt ratio. So is Portugal.

Fathom Consulting makes a crucial point – often overlooked – that even low inflation is bad enough to set off a runaway debt spiral in southern Europe. Indeed you could argue that it is worse because nobody will do much about it until too late.

"Even current low rates of inflation pose existential risks for the single currency area. According to market pricing, Italian inflation is expected to average 0.8pc over the next three years. If realised, that would put Italian debt on an unsustainable path," it said.

Italy's debt has already jumped from 119pc to 132pc of GDP in three years as result of this dynamic, arguably as a result of austerity overkill.

Fathom is suitably withering about the claims by Greek premier Antonis Samaris that Greece is "leaving the crisis behind it". How can that be when public debt is galloping beyond 170pc of GDP?

Be that as it may, Fathom says that the eurozone is proving to be a textbook case of the Walters Critique, though writ large.

Without a fiscal transfer mechanism, EMU automatically leads to feedback loops where countries in booms have ever lower real interest rates, further fuelling the bubble, until it all blows up.

Conversely, countries in bust have ever higher real interest rates as they slide deeper into deflation, further compounding their crisis. It feeds on itself. The gravity of this obviously depends on the scale of the debt burden at the outset. Latvia is not Greece. This system is "inherently unstable".

I was influenced by Sir Alan Walters in the late 1980s before the ERM debacle, so it is nice to see this praise for the prophet who saw with crystal clarity what would go wrong with a half-baked currency that lacked an EU treasury and political union to back it up. Indeed, it was Sir Alan who turned me into a Eurosceptic, accurately defined.

"This inherent instability can remain concealed when times are good, but it will always reveal itself in the end," said Fathom.

"As most people now recognise, the first-best solution would be for politicians to put in place a mechanism for fiscal transfers – that mechanism might be a full Banking Union, or a Eurobond. But that is not the hand that policymakers at the ECB have been dealt."

"In the present circumstances, it is imperative that the ECB does all that it can to prevent the weaker economies sliding further into deflation. The best way of achieving this would be by encouraging the stronger economies to reflate. Monetary policy should be loosened significantly across the single currency bloc. Engaging in a full scale programme of unsterilised QE, by buying principally German government bonds, would be a step in the right direction."

Exactly. Carry out full-blown QE by buying bonds across the board until the ECB has met its 2pc inflation target, and met its 4.5pc M3 money supply target – the ECB's now abandoned second pillar.

And yes, it tempting to say buy "especially" Bunds. That would at least force Bild Zeitung to stop shrieking that purchases of Club Med bonds are state bail-outs.

But I doubt that carpet Bund drops over Germany would be legal. What is entirely legal – and entirely within the ECB's mandate – is to buy the bonds of all eighteen states in concert on a GDP basis or linked to the ECB key to restore Mario Draghi's "safety margin" against deflation.

Just do it Mario: strap on your Pickelhaube tightly, and stuff them with a round trillion.

¤
Jan 11, 2014 - 4:03pm

Melt-Up or MeltDown?

Will Europe follow Japan and send its stock market soaring?

The Tokyo stock market has soared because of money printing. Europe may follow, handing an opportunity to UK investors

Extraordinary boldness on the part of Japan’s leaders has jump-started an economic recovery and sent the Tokyo stock market soaring. Could the same be about to happen in Europe?

In a multi-pronged attack on Japan’s decades-long economic stagnation, its central bank is printing a mountain of new money. This has revitalised exporters by devaluing the yen and turned the tide in the war against falling prices – which sound attractive but actually suck the life out of economies by encouraging people to delay spending and save instead.

Now some commentators are calling on the eurozone authorities to follow suit. A burst of newly printed euros is the only thing that can ward off deflation on the Continent and revive the economies of the embattled “periphery” countries, they say.

So could a similar approach would work in Europe – and could it spark a similar surge in share prices?

First, consider what happened in Japan. There are three sides to the efforts there to reverse its long of stagnation. The first is a resolve to print enough money to end deflation and get inflation up to 2pc. Ridding the country of deflation is vital, experts say.

“An entire generation of Japanese people are used to prices falling, which makes them put off purchasing decisions. If this changes it’s existential,” said Alexander Treves, Fidelity’s head of Japanese equities.

Analysts at JP Morgan Asset Management said: “We believe that there is no better growth strategy than ending deflation.”

Japan has also begun a huge programme of public works and plans wide-ranging reforms of its economy such as encouraging more women to work, reforming taxes and the labour market and joining the Pacific area’s free trade zone. Investors have reaped big rewards already even though the reform programme has many more years to run. The stock market rose by 52.7pc last year, its biggest annual gain since 1972....(cont.)

https://www.telegraph.co.uk/finance/personalfinance/investing/shares/10562884/Will-Europe-follow-Japan-and-send-its-stock-market-soaring.html

Funds to back if European stock markets boom like Japan's

Japan's mass money-printing sent shares soaring. The same could be about to happen in Europe. We explain how investors can profit

Excalibur
Jan 11, 2014 - 4:33pm

Interesting argument about

Interesting argument about gold in the vaults and German repatriation.

Are the Vaults Empty?

question
Jan 11, 2014 - 6:15pm

Bad Beer Rots (repost from project mayhem thread)

Our Young Guts But Vodka Goes Well; non sexist version I learned in '85 out of respect for the ladies in the class

I guess that might be non-PC though to those with a strong leaning towards one or the other refreshment; and what about wine.

Religion and politics (or any subject that tends toward binary thinking in general) have been tip-toed around for quite a while as being volatile discussion subjects in polite society, as well as being useful tools of distraction when used improperly; search for truth or argue; same tool, discussion, used to serve the light or the dark, the yin or the yang, with nature or agin it

As far as increasing PCness goes, I think it's a natural defense against the cognitive dissonance being experienced by so many these days. It helps maintain the illusion that "all's well" and tomorrow will be the same or better than today, by using a caricature of politeness to hide behind; anything rather than letting out the bogeyman of what our gut tells us is going on.

Being around for world changing events is rather like riding one of those big waves, your first time out! Do your best and enjoy the ride, look for the sweet spots and avoid the rocks.

Team Turdville lookin' good

edit; I do find myself not wanting to add to other's cog. dis.; I feel it's kinder to leave be than to force awareness on sleepers. Questions or statements I respond to as deeply as someone seems to want to go and as I can (ankle deep with some things and over my head with other things).

Marcus
Jan 11, 2014 - 6:57pm

To hell with being PC

I believe speech and thought are interdependent and that neither is mutually exclusive from each the other (each depends upon the other for its survival). To control speech is to control thought, and vice versa. That being said, I try not to speak like a drunken sailor when in the company of others, but I'll be damned if I'll engage in circumlocution merely to avoid the sensitivities of some PC weenie. They don't live their lives to please me, why should I live my life to please them? I speak from the only perspective I know, my own perspective. If they don't like what they hear, they're not forced or obligated to listen. PC has too much the taint of slavery (slavery of the mind) for my liking. No 'effing way, José.

question
Jan 11, 2014 - 7:11pm

To hell with being PC

Good point.

PC is forced from without; courtesy comes from within. Big difference.

ag1969
Jan 11, 2014 - 7:15pm

78,000 ounces of gold

US Mint Bullion Coin Sales in January

On Thursday, Jan. 2, the United States Mint began selling its 2014-dated gold bullion coins. Their sales through Thursday, Jan. 9, hit 78,000 ounces with splits of:

54,500 ounces of 2014 American Eagle gold coins and
23,500 ounces of 2014 American Buffalo gold coins

American Gold Buffalo coin sales are already more than three times higher than their December total of 7,000. American Gold Eagle coin sales this month will also surpass their December total of 56,000 ounces. January is typically a strong month for U.S. Mint bullion as buyers seek coins with new dates.

The first 2014-dated silver bullion coins, the American Silver Eagles, will be available to Mint distributors on Monday, Jan. 13, 2014.

https://www.coinnews.net/2014/01/11/gold-silver-rise-for-third-week-us-gold-coin-sales-solid/

Chinese Gold Demand with Koos Jansen

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The Tokyo stock market has soared because of money printing. Europe may follow, handing an opportunity to UK investors

US Mint Bullion Coin Sales in January

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