MERCATO LIBERO

Ciao Paolo,
quindi vuoi dire che hai consigliato l'acquisto di oro per mesi, ma in un'ottica a lungo termine?
Grazie e complimenti per il blog.

Matteo

una cosa è comprare oro come assicurazione una cosa è speculare.

Oggi l'oro non è per speculare (al massimo al ribasso)..

Cosa diversa è averlo accumulato come polizza assicurativa nel tempo sotto i 1000 dollari!

Ed infatti il Cardinale ci piglia:

Bank of International Settlements (BIS) is discovered to have accepted 349 metric tons of gold in a $14B swap. Why? With whom?
WHO GAVE UP THE GOLD?

There are not a lot of institutions who possess 349 metric tonnes of gold. So who needs $14B worth of cash and has this amount of gold? That shouldn’t be too hard to find.

Sovereign governments have historically created their wealth by invading other countries to pillage their treasuries which held gold, silver and the crown jewels. The winning and seizure of more land allowed the sovereign to give it to the nobles who used it to tax and tithe the feudal tenets. Recurring wealth flowed upward to the sovereign treasury.

Considering today’s EU membership, where sovereign countries can no longer print their own currency (the politicians first weapon of choice), there are three channels (other than the very politically unpopular increase in taxes and fees) open in modern times to raising money for the treasury:

1. The public sale of debt offerings instruments such as Bills, Notes and Bonds
2. The more recent and stealthy approach of selling assets, including revenue streams from such things as taxes, fees, licensing etc. These are sold into the securitization market through complex derivative structures such as Interest Rate and Currency Swaps contracts. This approach, as recently discovered, has been rampant throughout Europe even prior to the creation of the EU.
3. When you exhaust all of the above, you then sell the family jewels – the sovereign treasury of gold holdings.

the gold may be transacted from a central bank to the BIS through a bullion bank while the gold physically remains with the originating central bank; is classified as ‘unallocated’ at the BIS but in fact remains on the books of the bullion bank. It effectively is double accounted for. The increase in gold would allow gold prices to be pushed lower, which in fact is what has been happening.

There can be little doubt that the Gold Swap is with a central bank where the physical gold remains. The transaction is considered a deposit at the BIS (liability) but has been lent to a commercial bank (likely a bullion bank) as a loan (asset).
If problems get worse for Portugal, as possibly the global economic climate worsens, then the gold may never legally belong to Portugal. The contracted swap terms at some point may simply reclassify it a net zero sale, if Portugal fails to return the cash portion of the swap. The BIS would have 346 tonnes of gold and Portugal the $14B of Euros it has long since spent to solve a 2010 problem. By then Portugal likely would need even more loans in whatever currency would replace a crumpling or possibly extinct Euro.


Il Folletto

14 miliardi$ / 349000 kg = 4011,46 $/kg e quindi 30,62 €/gr.

E secondo Voi la BIS regala i prestiti............

WHO GAVE UP THE GOLD?

Il Folletto

Puoi spiegare meglio ci ci sta dietro questa Bank of International Settlements?

Grazie ragazzi siete i n°1

In un bull market come è quello dell'oro, non si vende mai e si compra sui ribassi (never sell and buy low): questa quindi potrebbe essere una ottima occasione. Parlare di acquisto sotto i 1000 dollari come assicurazione sulla vita non mi sembra pertanto molto corretto. Acquistare sui ribassi (quindi anche ora che è ben sopra i 1000 $) è una scelta correttissima. Attenzione alle imprecisioni: qualcuno potrebbe pensare di avere perso il treno: ma non è così!!!!!!
Saluti
Brillat-Savarin

LA BIS è l'HUB delle banche centrali.

The BIS is an international organisation which foster cooperation among central banks and other agencies in pursuit of monetary and financial stability. Its banking services are provided exclusively to central banks and international organisations.

The Bank for International Settlements (BIS) is an international organisation which fosters international monetary and financial cooperation and serves as a bank for central banks.

The head office is in Basel, Switzerland and there are two representative offices: in the Hong Kong Special Administrative Region of the People's Republic of China and in Mexico City.

Established on 17 May 1930, the BIS is the world's oldest international financial organisation.

As its customers are central banks and international organisations, the BIS does not accept deposits from, or provide financial services to, private individuals or corporate entities. The BIS strongly advises caution against fraudulent schemes (ahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahaha: MI SONO ROTTO LE MASCELLE DAL RIDERE!!!).

http://www.bis.org/

Quindi lo swap che ha fatto, lo ha compiuto da statuto esclusivamente con una banca centrale..............................................................perchè E' LA BANCA DELLE BANCHE CENTRALI!!!!!!!!!!!!!!!!!

Il Folletto

http://www.bis.org/banking/index.htm

The BIS offers a wide range of financial services specifically designed to assist central banks and other official monetary institutions in the management of their foreign exchange reserves.....
Besides standard services such as sight/notice accounts and fixed-term deposits, the Bank has developed a range of more sophisticated financial products which central banks can actively trade with the BIS to increase the return on their foreign assets. The Bank also transacts foreign exchange and GOLD ON BEHALF of its customers.

The BIS extends short-term credits to central banks, usually on a collateralised basis. From time to time, the BIS also coordinates emergency short-term lending to countries in financial crisis. In these circumstances, the BIS advances funds on behalf of, and with the backing and guarantee of, a group of supporting central banks.

The Bank's Statutes do not allow the Bank to open current accounts in the name of, or make advances to, governments. The BIS does not accept deposits from, or generally provide financial services to, private individuals or corporate entities.

SE TUTTO CIO' NON VI BASTA....

Il Folletto

comperatelo !!!!
ad ottobre sara' alle stelle.

RETTIFICA COMMENTO PRECEDENTE SERGIO.
comperatelo !!!!
ma dopo ferragosto !!!!
ad ottobre sara' alle stelle .
garantito.

Le più blasonate banche svizzere consigliano ai loro migliori clienti di allocare tra il 5 e il 15 % del patrimonio in oro,come si evince da vari articoli del Sole24ore pubblicati tra maggio e luglio.
lucky man

Folletto, 30,6 EUR/g era il prezzo dell'oro fino a qualche giorno fa.

Voglio dire, lo hanno ceduto al prezzo corrente, cosa ci trovi di cosi' caro?

M.

Anonimo M.,

a parte che il tuo ragionamento non c'entra una m.......

1. Ma quando compri 8 paia di braghe in un negozio, normalmente chiedi lo sconto, o no?
2. Se la BIS, cioè tutte le banche centrali, credesse ad un ribasso violento e persistente, credi che lo acquisterebbe a quel prezzo: vabbè pur di salvare il Portogallo, ma salvare per quanto tempo con pochi miliardi?
3. O pensi che abbiano fatto un'affarone, comunque?

Datti le risposte.

Il Folletto

Folletto,

a parte il tono aggressivo che non capisco,

1. si, ma i jeans e l'oro non sono esattamente la stessa cosa
2. evidentemente non credono a un ribasso, ma d'altra parte, per quello che so, anche quando FMI ha venduto il suo l'ha venduto al prezzo corrente. Cosi' come se "compero" 1 miliardo di dollari usando euro, mi fanno uno sconto rispetto al cambio corrente?
3. l'affarone, per me, l'ha fatto BIS

Ecco fatto, le risposte :)

M.

1. ed in effetti l'oro non è una commodity
2. l'oro è una valuta
3. Esatto!

Vedi a parte la provocazione basta ragionare!

Il Folletto