View Full Version : Al Martin Predicts Lower Gold Prices

7th November 2008, 19:31
" Demand for physical bullion/coins always increases during times when the markets are in a state of upheaval.
Why? Because there has been a pickup in demand for physical gold from the "unwashed," those who believe that gold will "shine" once again and those who believe that it will be $2000 per ounce tomorrow and those who believe the current economic turmoil will end with a round of hyperinflation. And they are wrong to believe that."

"You don't want to be paying a premium for a commodity whose price is falling and will continue to fall. There are many growing negatives that gold must contend with. In a deflationary trend you want to hold paper, not gold -- in this case "paper" meaning the US Dollar."

"The fear that grips the gold bugs and the gloom and doom crowd (that all the banks are going to shut down tomorrow) is just that. Indeed during the last several weeks we have actually come close to that on several occasions, but that doesn't mean gold would immediately be used in its capacity as the "currency of last resort." It doesn't. If banks are shut down, they are simply reopened the next day or a few days later.
The Mad Max Post-Apocalyptic vision of the future simply isn't going to happen."

"Meanwhile the gold bulls conveniently overlook the negatives. As the global economies continue to deteriorate, there is increased selling of gold by all central banks, IMF, World Bank, etc. which have gold to sell.
Indeed we have seen a pickup in the selling of bullion from any institution that has gold to sell. The Washington II Accords, which had regulated the sale of gold for central banks and the IMF, have effectively collapsed under the pressure by global regulatory and lending institutions in order to raise money. There is a mad scramble to see who can sell more gold the quickest within the world of central banks and global financial institutions. Also the new mine supply of gold on the planet continues to increase. It takes gold bugs to shill the gold again."


7th November 2008, 19:53
OMG! This guy is on to something, but what? No mention of physical shortages, no mention of the rarity of Silver, no mention of rationing by mints, no mention of the increasing differences between paper and physical prices, no mention of governments stockpiling PMs again, no mention of the talk for a gold backed currency, actually there was no mention of any of the realities that are positive for the Gold or Silver markets. But if you are holding physical metal, you are just one of the great unwashed (read as filthy) public, according to this guy, at least.

Who is he? Mmmmm . . . Oh, now I get it. . .

AL MARTIN is an independent economic-political analyst with 25 years of experience as a trader on NYMEX, CME, CBOT and CFTC. As a former contributor to the Presidential Council of Economic Advisors, Al Martin is considered to be a source of independent analysis for financially sophisticated and market savvy investors.

After working as a broker on Wall Street, Al Martin was involved in the so-called "Iran Contra" Affair as a fundraiser for the Bush Cabal from the covert side of government aka the US Shadow Government.

His memoir, "The Conspirators: Secrets of an Iran Contra Insider," (<http://www.almartinraw.com>http://www.almartinraw.com) provides an unprecedented look at the frauds of the Bush Cabal during the Iran Contra era.

7th November 2008, 20:25
Guys like this will be right every single time. Until the last time, when they are wrong. The end won't be tomorrow. I hope I don't live long enough to see it. But the "GraysonDave Family PM Stash" will come in handy for my kids or grandkids or greatgrandkids one of these days.

7th November 2008, 21:17
I understand the dollar strength is due to the liquidation of international assets and repatriation of those investments into US dollars. . . driving demand for the dollar and is not from any fundamental US$ strength that exists. That is, its a short term phenomenon.

Here's some interesting perspectives from:

Peter Schiff - US Currency is destroyed and Obama will have to print money

Max Keiser - A Comex default would see the Gold (& Silver) price double in a day

7th November 2008, 22:10
Max Keiser - A Comex default would see the Gold (& Silver) price double in a day

Makes me worry, perhaps 20 percent premiums on ebay aren't so bad if this really happens.

Tribal Warrior
7th November 2008, 22:46
Al Martin is a nut case, who loves paper money. I wouldn't take in too much of what he says.

The price spikes are coming, all it would take is some large players such as China, Russia, and/or India to default the COMEX. I hope this happens by year end, I also hope every hedge fund kicks the bucket and fails.

7th November 2008, 23:45
I say "Woo hoo! Buy more gold!". :p

8th November 2008, 01:50
Dont Forget To Take Your Silver Each Day.

8th November 2008, 01:57
Max Keiser is usually right on. And he's not boring either. Here is the more complete interview.

http://www.youtube.com/watch?v=9Ro3LOdx7C0 (pt 1)

This is part of a three part series; "The Coming Boom in Gold.

Here are the other two video's.

http://www.youtube.com/watch?v=cGJK1Tv1rSY&feature=related (2)

http://www.youtube.com/watch?v=W5kSzyhAYcs&feature=related (3)

8th November 2008, 03:04
Lol. Reminds me of the moron professor on the one news station debating with Peter Schiff. The prof teaches economics and is totally clueless. Sad he's teaching this dribble to young minds.


Paper is currency. Gold and silver are REAL money.