tag:blogger.com,1999:blog-11719208.post5256622903489427738..comments2023-11-05T04:36:14.223-08:00Comments on The Mess That Greenspan Made: Gold! India! Gold!Timhttp://www.blogger.com/profile/16530974968126497397noreply@blogger.comBlogger6125tag:blogger.com,1999:blog-11719208.post-43103345404673243262009-11-03T15:22:36.335-08:002009-11-03T15:22:36.335-08:00Wow is all I can say. I just checked the price spi...Wow is all I can say. I just checked the price spike in real time with the free widget <a href="http://www.learcapital.com/exactprice" rel="nofollow">ExactPrice</a> and seeing that graph sure makes this jump look really kind of neat and exciting. Price is still staying up there after hours.<br /><br />I can only imagine how upset China is over this. Though I'm not surprised that India jumped in. They've got such a cultural link to the metal that one kind of expects them to love the golden stuff.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-11719208.post-76721963721384700892009-11-03T12:04:09.834-08:002009-11-03T12:04:09.834-08:00speaking of relics, there are some people willing ...speaking of relics, there are some people willing to shell out big money for necklaces supposedly made from the wood of Christ's cross.<br /><br />Doesn't mean everyone is willing to pay it, or that it's worth it to everyone.<br /><br />Gold may be worth $1000/oz to someone, but the speculators have driven it wild thinking that it's a safe haven in inflationary times. Interesting that history doesn't prove that out. Sometimes, beliefs are just irrational. Hoocoodanode?<br /><br />Chuck PonziChuck Ponzihttps://www.blogger.com/profile/02563190232678709911noreply@blogger.comtag:blogger.com,1999:blog-11719208.post-4179262217375569502009-11-03T11:05:41.904-08:002009-11-03T11:05:41.904-08:0010 Grams per bride? You haven't attended one o...10 Grams per bride? You haven't attended one of these weddings. Put the number to 50 to 100 grams.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-11719208.post-42481769210958549072009-11-03T10:50:08.956-08:002009-11-03T10:50:08.956-08:00200 tons of gold, though large it may seem, is pro...200 tons of gold, though large it may seem, is probably a couple of years supply to make the basic wedding jewelry for Indian brides.<br /><br />Assume 10 million brides per year * 10 grams of gold per bride. (Remember they use purer 22 Carat gold for a wedding necklace unlike our 14K wedding rings/bands)Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-11719208.post-91424941407401500462009-11-03T10:37:00.610-08:002009-11-03T10:37:00.610-08:00It may not have any significance as a diversificat...It may not have any significance as a diversification from USD (though I do believe in diversification away from USD). India is the largest consumer of gold for jewelry and this gold may just end up on the necks (and wrists) of thousands of Indian brides come next wedding season. Not that there is anything wrong in that kind of diversification; but nothing against USD.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-11719208.post-32217404984423226882009-11-03T09:31:49.287-08:002009-11-03T09:31:49.287-08:00That pattern over the last two months -- and so fa...That pattern over the last two months -- and so far this month -- is eerie......Anonymousnoreply@blogger.com