written by reader Doug Casey’s “Secret Gold Trade” and Coming Islamic “New Gold Law” by March 31

by gamos4 | February 19, 2017 2:26 pm

Doug Casey[1] has been commenting on the ”exploding” effect of a new ”Islamic law” coming by March 31 that will allow Muslims to invest in gold[2], which has been prohibited by Islamic law until now: https://www.caseyresearch.com/cm/virtually-unknown-gold-trade-to-make-now[3]. (Travis commented on the teaser but only dealt with a push for NAK, the mining company in Alaska put on hold by the EPA but hoping for a release under the Trump administration. He may have commented further later?) I would like to know more about the likelihood of this new Islamic law going into effect and what the effect on gold may be, but more importantly what the ”secret gold trade” is that would bring ”27x the return of bullion” – and that, according to T. B. Rucker, the author of the article, has brought similar returns to Casey at least a couple of times in the past.

George Amos, gamos4@ix.netcom[4], 505-690-6575

Endnotes:
  1. Casey: https://www.stockgumshoe.com/tag/casey/
  2. gold: https://www.stockgumshoe.com/tag/gold/
  3. https://www.caseyresearch.com/cm/virtually-unknown-gold-trade-to-make-now: https://www.caseyresearch.com/cm/virtually-unknown-gold-trade-to-make-now
  4. gamos4@ix.netcom: mailto:gamos4@ix.netcom

Source URL: https://www.stockgumshoe.com/2017/02/microblog-doug-caseys-secret-gold-trade-and-coming-islamic-new-gold-law-by-march-31/


4 responses to “written by reader Doug Casey’s “Secret Gold Trade” and Coming Islamic “New Gold Law” by March 31”

  1. I’d be a little bit skeptical of the tales of huge, instant and dramatic impacts from the changing (or clarifying) Sharia guidelines on gold — it certainly could have an impact over time in providing a path for more institutional money to flow into gold, and, to a lesser degree, for individual muslims to buy gold coins as a store of value, though the change has already been made and it wasn’t like the flipping of a switch (the change was announced in mid-November, when gold was in the middle of a 12% drop, and it certainly didn’t do anything to stop the fall… since the change, over the past 3-1/2 months or so, gold is up about 3.5% while the S&P and copper are up about 7% and silver is up more than 10%). It shouldn’t hurt gold, to be sure, and it will probably help provide a broader market for the metal — but I would hesitate to assume that it will cause a dramatic bull market in gold. It will probably amplify that bull market if gold rises for other reasons, since there might then be a few more institutional buyers to glom on to the excitement and throw cash into the GLD ETF (which, along with other physical metal-backed investments, should be Sharia compliant now), but my expectations are fairly limited. I expect there would be a bigger impact on coin dealers in muslim countries, and on financial services providers in the world of islamic finance, then there would be on the price of the metal itself.

    That’s just my sentiment, though — partly because I try to provide a counterpoint in my head to all the boosterism for gold, I do think gold is an important “insurance” asset against currency panics and a decent long-term wealth preservation vehicle, but I’m also cognizant of the fact that “long term” in the history of gold as a “store of value” is 100 years, not five years, and gold could get cut in half from here as part of the normal fluctuation of sentiment.

  2. Tom says:

    they are still advertising this same teaser except now for March 2018 wtf ?

  3. Dave says:

    Now it’s India setting up a gold trade backed by gold,not the Islam thing,supposed opening on March 31,along with the China gold for oil exchange

  4. Don says:

    E. B. Tucker is just as full of S–t as Doug Casey. I made the mistake of subscribing to the worthless “Doug Casey’s Secret Gold Trade” for about $175.
    Total BS and useless! Just another worthless gold “gag” to get people’s money.
    -Don Sherret ( dsherret@dedson.com )

Leave a Reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.