Comments on: Gold and the Asian Airport http://dailyreckoning.com/gold-and-the-asian-airport/ Economic News, Markets Commentary, Gold, Oil and Investing Strategies. Sat, 26 May 2012 18:05:48 +0000 hourly 1 http://wordpress.org/?v=3.3.2 By: gina http://dailyreckoning.com/gold-and-the-asian-airport/#comment-28152 gina Mon, 21 Sep 2009 19:34:06 +0000 http://dailyreckoning.com/?p=18426#comment-28152 buy gold!! buy gold!!in 1986 the japanese government sold a large gold coin to it's citizens for $640.00 with a guarenteed buy back...they soon found a great deal of the returned coins to be glad with only $200.00 worth of gold!! can you trust anyone today? buy gold!! buy gold!!in 1986 the japanese government sold a large gold coin to it’s
citizens for $640.00 with a guarenteed buy back…they soon found a great deal of the returned coins to be glad with only $200.00 worth of gold!! can you trust anyone today?

]]> By: Bubblicious http://dailyreckoning.com/gold-and-the-asian-airport/#comment-27778 Bubblicious Sat, 19 Sep 2009 01:28:03 +0000 http://dailyreckoning.com/?p=18426#comment-27778 But Hong Kong airport is "out in the middle of nowhere". It's an island. And Hughjimbissel is right: stashing your gold at the airport makes it a lot easier to queue that scene in which the evil Nazis are loading the precious cargo into an airplane, while the do-gooders are stuck in traffic trying to catch them. But Hong Kong airport is “out in the middle of nowhere”. It’s an island. And Hughjimbissel is right: stashing your gold at the airport makes it a lot easier to queue that scene in which the evil Nazis are loading the precious cargo into an airplane, while the do-gooders are stuck in traffic trying to catch them.

]]> By: goldbricker http://dailyreckoning.com/gold-and-the-asian-airport/#comment-27642 goldbricker Fri, 18 Sep 2009 01:16:47 +0000 http://dailyreckoning.com/?p=18426#comment-27642 Hong Kong is part of mainland China since the handover in 1999 from the British. Hong Kong is a financial hub and can buy gold on the world market on behalf of its clients, be they individuals, the Hong Kong Monetary Authority, or the government of Mainland China. Maybe Mainland China will buy gold via Hong Kong, making it appear that private investors are doing the buying so as not to scare the gold markets and cause gold to go higher. I have a question for the Mighty Mighty Mogambo (MMM) and Junior Mogambo Rangers (JMRs) worldwide- Since Hong Kong is part of Mainland China, what is to stop Mainland China from aquiring Hong Kong's gold reserves in the future? Mainland China could always argue they want to move the gold to a safer location (such as a heavily armed mountian fortress in China as suggested by Mogambo) and 'safeguard' Hong Kong's gold from unknown possible thieves for an indefinite length of time. Stranger things have happened in this world, and when gold is involved all rhyme and reason and logic go right out the window. (The same way Keynesians know all about rhyme and reason and logic going out the window.) Hong Kong is part of mainland China since the handover in 1999 from the British.
Hong Kong is a financial hub and can buy gold on the world market on behalf of its clients, be they individuals, the Hong Kong Monetary Authority, or the government of Mainland China.
Maybe Mainland China will buy gold via Hong Kong, making it appear that private investors are doing the buying so as not to scare the gold markets and cause gold to go higher.

I have a question for the Mighty Mighty Mogambo (MMM) and Junior Mogambo Rangers (JMRs) worldwide-
Since Hong Kong is part of Mainland China, what is to stop Mainland China from aquiring Hong Kong’s gold reserves in the future?
Mainland China could always argue they want to move the gold to a safer location (such as a heavily armed mountian fortress in China as suggested by Mogambo)
and ‘safeguard’ Hong Kong’s gold from unknown possible thieves for an indefinite length of time.
Stranger things have happened in this world, and when gold is involved all rhyme and reason and logic go right out the window. (The same way Keynesians know all about rhyme and reason and logic going out the window.)

]]> By: Hughjimbissel http://dailyreckoning.com/gold-and-the-asian-airport/#comment-27635 Hughjimbissel Fri, 18 Sep 2009 00:37:06 +0000 http://dailyreckoning.com/?p=18426#comment-27635 I am surpised that with your Mogambo Laser Like Wit (MLLW) you didn't think of the most obvious reason to have the gold depository at the airport: it saves one from those nasty, unpleasant scenes where it is difficult to find a truck and crew to cart the bullion to the air patch, ahead of the unruly mob with pitchforks and torches (and probably AKs...) that are after you for making their paper money worthless. I am surpised that with your Mogambo Laser Like Wit (MLLW) you didn’t think of the most obvious reason to have the gold depository at the airport: it saves one from those nasty, unpleasant scenes where it is difficult to find a truck and crew to cart the bullion to the air patch, ahead of the unruly mob with pitchforks and torches (and probably AKs…) that are after you for making their paper money worthless.

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