Gold is Nature's Currency - It Cannot be Printed - Matt McLennan

Matt McLennan is First Eagle Global Fund Portfolio Manager. He is Head of Global Value Team. This is a brilliant video.
"Ultimately what moves the needle for Gold is the perception that the discipline around sovereign paper is declining. More importantly than the action of central banks is the question of SOLVENCY. What does paper money then? That's a bigger question. You get confronted with very difficult choices. Either fiscal adjustment which is deflationary, do you print money in unconventional ways...or do you try to tighten fiscal policy at the margin, that could be quite inflationary in the medium-term [Wow] We have about 10 per cent of our portfolio in gold bullion and gold equities. It is a long-term monetary reserve"
[How closely do you monitor the supply and demand of Gold?]
"Supply and demand are irrelevant. Gold is the one commodity that lasts forever. The real supply of Gold is the cumulative stock of Gold ever mined. One year's mining supply is less than 2 per cent of the true supply of gold. No other commodity is as stable because every other commodity is produced for use. So there is no value to monitoring the short-term supply for gold. Ultimately the supply is all the Gold that has ever been mined"
{Beautiful - that's it right there - You need to measure the total Gold stock across the whole world. Then compare that against the total stock of dollars being debased / reflated by the Federal Reserve and global central banks. That's the forecasting model for inflation and deflation against the one true value ruler of Gold now in the form of true currency.}

Bob Chapman On The Tungsten Gold Bars

Bob Chapman On The Tungsten Gold Bars

Bob Chapman returns on the Tungsten Gold plated bars scandal after a German TV have found a Tungsten bar sold as gold and professionally counterfeited , Bob Chapman advises against Gold bars if you are not able to check them out very carefully , he prefers coins to bars
German ProSieben TV Channel Finds 500 Gram Tungsten Bar At W.C.Heraeus Gold Foundry With Bank Origin
From my estimate, 500 grams (or about 17.63 ounces) of gold at spot should be about $20,000 (US) instead of just over $20 (US) that Tungsten would be worth. That’s quite a rip-off.
Tyler Durden
March 2, 2010
German TV station ProSieben finds what appears to be some evocative proof of gold counterfeiting, in the form of tungsten gold substitutes coming to the W.C.Heraeus foundry, which is the world’s largest privately-owned precious metals refiner and fabricator, located in Hanau, Germany. The foundry has isolated at least one 500-gram tungsten bar due for melting, originating from a (so far) unnamed bank, which as the head of the foundry stated made the unpleasant discovery that “not all the glitters is gold.”

Gold Back in a Big Way After $130 Million Purchase by Soros

He’s buying the ETF instead of physical gold. The ETF does not carry with it any “right” to exchange it for gold, and some doubt if the fund that holds it even has much physical gold. I could be wrong but I think this ETF is run by J.P. Morgan. When the banks collapse, I think it’s a given the market will collapse as well. Won’t that leave him out in left field with all that paper? I could care less what happens to the POS George Soros, but I would have thought someone who knows the markets like he does would be in physical gold and not what amounts to another fiat. The massive investment in GLD indicates that he is betting on an overall downturn in the stock market. We might see something similar to 2008. Which would create another period of great buying opportunities. But what might be in play here are GRA’s. If Obama confiscates all public and private retirement accounts, Soros has positioned his investments in stocks that offer some protection against resulting losses. Such a confiscation of wealth could also trigger massive civil unrest. If you’re not familiar with Obama’s GRA plan, I recommend researching it.