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Buying Gold is One Way to Resist Bankster Tyranny

smartknowledgeu's picture




 

Below is a very informal video I made this morning in one rambling short take with no production value in response to the Turkish government asking Turkish citizens to hand over their gold to the Turkish banks in order to help stabilize the economy. The reason I made this video is that I wanted to send a quick message out not only to Turkish citizens, but to all citizens everywhere to warn them not to be duped by the “false-patriotic, do it for your love of your country” message that banksters love to use in order to goad people into doing the worst thing possible for our survival during the accelerating second phase of this globlal monetary crisis. Such initiatives, if you listen to the puppet-masters, only serve to transfer your real wealth to the banksters. If you really wish to protect your wealth, citizens of Turkey, convert MORE of your Turkish Liras into physical gold and silver, especially at these prices today at a time when banksters have attacked the price in their fraudulent paper markets and there is opportunity to stack more physical PMs at artificially low prices.

 

As far as those that remain ignorant of the fact that gold's best use is as money, and that while not a perfect medium of exchange for goods and services, it still has many diverse qualities that make it a far superior form of money than the worthless pieces of paper whose differing value is only determined by the different numbers printed on them, please do a little homework. You have more than several thousands years of history to study to understand why so many different cultures have chosen gold as the best form of money they could use, including the Malaysian State of Kelantan today. Lastly, for those that foolishly state that private owners of physical gold “are the problem [for promoting ownership of a worthless piece of metal]”, I imagine that many of you have at one time opted to buy a radically overpriced gem like a diamond for your girlfriend or wife, and that you either (1) do not understand how the monetary system works; or (2) do not understand the game of poker. If you complete your homework assignment, you will discover that ownership of physical gold (and silver) allows one to call the bluff of the banksters’ fraudulent monetary system, and that without ownership of physical PMs, one is without a mechanism to ever call the banksters’ bluff and will have to fold every single hand.

 

 

About the author: JS Kim is the Founder & Chief Investment Strategist of SmartKnowledgeU, a fiercely independent investment research & consulting firm dedicated to exposing the fraud of the global banking cartel and to the provision of strategies that have protected clients in 33+ countries around the world from the deepening global monetary crisis. Follow us on twitter @smartknowledgeu.

 

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Sat, 03/24/2012 - 09:37 | 2286380 resurger
resurger's picture

am going to buy more

Fri, 03/23/2012 - 16:28 | 2284878 blindman
blindman's picture

i always enjoy your posts
mr. smartknowledgeu

Fri, 03/23/2012 - 12:59 | 2284073 DavidPierre
DavidPierre's picture

Perspective.

Take a brief vacation and chill for a few days. Don't check the prices of Gold, Silver, the mining shares etc., maybe only once a day after the close. No checking prices first thing in the morning. So what happenes? Put it in perspective.

We have already won both mathematically in fact and in reality. This gold war started 99 years ago. In the 90's, with Gold at $300 and Silver at $5, then it got really stupid. Gold trading down to $255 and Silver just under $4. Between 1998 and 2001, life was very difficult. GATA knew what was going on, they just couldn't totally prove it. Every time that a Gold bullish event would happen, it would sell off. Not only would it sell off, it would be hammered. Do some real soul searching and rack your brain with math and logic: play devil's advocate. Looked at this from 100 different angles and you'll always came up with the same answer. Then, along came Jim Sinclair, James Turk's smoking guns, GATA with Frank Veneroso's work and the gutsy truth from John Embry who was considered mainstream. In other words, after reading enough material to support your own thoughts you'll truly be on to something.

Accumulated metals in various forms, mining shares in various locations and make other personal life preparations. You have won. You have already done everything that you can. Don't beat yourself up later for anything that you have forgotten. The financial collapse and currency event is carved in stone. Gold gets confiscated: hopefully you own some Silver or numismatics that escape. If the U.S. or Mexico or Canada or South Africa or any other region were to nationalize their mines, hopefully you have mining shares in an area that is only taxed, not nationalized.

The coming global bankruptcy is going to be so complete, so widespread and all engulfing that as long as you retain one position you will have enough wealth to live on. Gold and Silver are so under owned on a global basis that even just 100 ounces of Silver may be enough to survive on financially. Current prices are 6 fold from where they started. This in reality is not even Jacks for openers compared to where we are going. If you are currently only 1 out of the 100 globally who own any precious metals at all, what do think will happen when the other 99 finally figure it out? The other 99 will be taking their mega ... literally $10's and $100's of Trillions paper balances and chasing in panic form into real money.

Long term, Gold and Silver have only one direction to go, UP!

Long term may only be 2-3 years, it might be only 6 months...could be two weeks. No one really knows and it is not important as long as you understand that a revaluation must and will occur.

A little bit of "Zen".

If Gold priced on the paper markets were to drop another $100 or $200 would you freak out? Were Silver to move into the low $20's would you feel like puking? If the HUI took another 100 point plunge would it make you give up on the shares altogether? It does not matter at all what picture they can try to paint for you, realize that they ... the paper system... have already been discredited with Gold and Silver at current prices. Nothing can be done, no policy can be followed under the existing fiat paper system to change this.

The end of this fiat system will be no different from the end of every fiat Ponzi scheme ever tried in the past.

The only difference...the size...the magnitude...and the all engulfing nature of this current example.

10 years ago, could you have ever imagined $1,000 Gold or $25 Silver? You might have had Goldcorp at a buck or Eldorado at .25 cents. Could you even imagine them trade to $40 or $10? No you could not, in fact, if these unimaginable levels were to be hit now, it would be called an outright panic! The bottom line is that your logic is sound and correct. Don't fret! Don't second guess your self. Long term you are right and long term may not be very far into the future. In fact, long term can be enacted over a weekend or even overnite. Put in proper perspective, everyone will look back, scratch their heads and wonder with how obvious it was. Why didn't everyone go all in? What they won't realize now is that end result will be fashioned by exactly this concept, ... "äll in"! What is going to and has always happened at the end of every fiat experiment ever tried.

Is the "all in" natural... everyone dumping paper... getting out at the same time?

This is how fiats become valueless.

Precious metals ... the stuff fortunes are made of!

www.lemetropolecafe.com

Fri, 03/23/2012 - 12:52 | 2284044 pirea
pirea's picture

this is wishful thinking, because

     - in Turkey nobody respects rules

      -all the people do not trust paper assets and love gold

Fri, 03/23/2012 - 12:43 | 2284000 Joebloinvestor
Joebloinvestor's picture

You need that "barbarous relic" if you plan on making a fissionable nuke.

Gold keeps the "pit" from oxidizing, ensuring a sucessful "blast".

One of golds "dirty little secrets".

Fri, 03/23/2012 - 12:32 | 2283936 Bam_Man
Bam_Man's picture

In the unlikely event that our just and benign Government ever takes steps to outlaw private ownership of Gold, I would like to go on the record here and now by stating that I own no Gold and have no intention of ever buying any. And when I hear people mention names like "Tulving" and "APMEX", I have no idea what they are talking about.

Fri, 03/23/2012 - 12:32 | 2283950 Crisismode
Crisismode's picture

What little PM that I had was tragically lost in a boating accident in the Atlantic ocean.

Fri, 03/23/2012 - 12:52 | 2284039 rehypothecator
rehypothecator's picture

Don't let Odyssey Marine find it or the US government will send it to Spain. 

Fri, 03/23/2012 - 11:49 | 2283694 hettygreen
hettygreen's picture

"Buying gold is one way to resist banker tyranny."

And for those on the margin who cannot live without a paycheque for more than two weeks and are therefor unlikely to purchase gold, might I suggest getting off crackcreditcaine and stop freaking spending more than you make. Also, please consider the merits of the Bank of Sealy vs Bank of America et al for any savings you may have. I mean, after reading Taibbi's latest, why would any rational, thinking person leave any of it with these economy raping shysters? 

Fri, 03/23/2012 - 12:01 | 2283778 Bananamerican
Bananamerican's picture

Brilliant writing...probably Taibbi's "most forwarded" piece since his "Vampire Squid" piece on Goldfarb Suchs...

here's the link for the cave dwellers among ye...

http://www.rollingstone.com/politics/news/bank-of-america-too-crooked-to...

Fri, 03/23/2012 - 14:58 | 2284564 The Wolf
The Wolf's picture

It was a good article... it was the right balance of angry with only flecks of spittle foaming at the corners of his mouth... which didn't permit the article to lurch and weave... he got the point across beautifully

I can see a legal confiscation scenario occuring predicated on the "saving America... aka {insert banks names here}" after they are pantsed in the paper metals market by an unknown unknown event... first the patriotic rallying cry... then the black suits and dark ties... there will be continued steal attacks to aggregate some stock of PM, but for me this is the only real scenario... unless the vaults at Ft Knox suffered the same fate and JFK... a magic front end loader that defies the laws of physics and mysteriously took away all of the pallets...

JS Kim... keep up your solid work, always enjoy your writing and interviews, cheers

 

Fri, 03/23/2012 - 11:15 | 2283486 tony bonn
tony bonn's picture

i gave you a 5 in spite of this nonsensical statement of gold: "....that while not a perfect medium of exchange for goods and services...."

gold is an excellent medium of exchange even when you need a wheelbarrow to haul it away!!!

Fri, 03/23/2012 - 11:13 | 2283478 gnomon
gnomon's picture

So let's go to another essential-firearms.  There are records on those "instruments" as well.  So you will hand them over also when the agencies come knocking?

For anybody thinking of "bending over" for these possible outrageous acts of Tyranny just shoot yourself now and do your family and yourself a favor.

You are gutless bags of wind with no soul and better off dead.

Fri, 03/23/2012 - 10:56 | 2283371 ebworthen
ebworthen's picture

"I love Gooollllldddd!"

I'd rather put my cash anywhere but a bank (the digital sluices of other people's money for Washington and Wall Street).

Fri, 03/23/2012 - 10:34 | 2283306 Endurus
Endurus's picture

The problem with owning gold, and not being in power, is that those in power will simply declare it illegal to own. And most people, being fearful of their safety and their childrens safety, will hand over the gold in exchange for whatever fiat currency they decide to use. Additionally those that decide to keep the gold and operate in the (now) black market for gold will be few and far between. It will be laden with g-men ready to catch everyone who tries to do it. thus.. unless you are well connected... trading gold in an illegal market is a risky proposition at best.

You can argue that anyway you like... but people are easily scared and frightened. As long as food, shelter and medical are available without putting yourself or your family at risk... people will do whatever it takes to get by.
Conversely.. take away the access to food, shelter, or medical... and overnight there will be a blood bath.

Why do you think the Government gives out so many food stamps... and S.S. checks because it's the last line of defense the government has against revolution.

I admit, maybe I take an overly simplistic view of this.. but this is just my perception mixed with a healthy dose or reality and history.

Fri, 03/23/2012 - 11:44 | 2283667 Ratscam
Ratscam's picture

Why is cocaine and heroin so expensive?
Because it,s illegal.
Never the less we have millions of addicts around the world.
Making gold it illegal would jack up prices dramatically.

Fri, 03/23/2012 - 10:32 | 2283288 CuriousPasserby
CuriousPasserby's picture

Buy your gold for cash at a coin show. They will probably seize PM dealer records and hunt down customers...

Fri, 03/23/2012 - 11:02 | 2283440 covert
covert's picture

he is overlooking a few things:

1. they will outlaw gold soon

2. the will be looking very carefully for it.

3. they will steal all land next.

http://expose2.wordpress.com

 

Fri, 03/23/2012 - 10:29 | 2283272 rsnoble
rsnoble's picture

Everyone can talk the "bad ass" role all they want. Fact of the matter is if the US declares it illegal to own and you start getting huge penalty letters in the mail followed by jail sentences---I suspect the majority will be sending their gold back.

There's no end until the official end has been reached, imo this is just one more step in that direction.

Unless the whole country erupts in flames and unites this situation is dire.  That won't happen anytime soon imo.  90% of the population that doesn't own pm's isn't going to feel real sorry for those that do. In fact many of them probably won't even know about it lol.

One thing im certain about is that we're going to hell in a handbasket fast.  I'm curious to see the state of the protests this year esp with all the recent laws and brutality.  Are there enough % to step up to this crap or will it chill out so the elite can continue to screw us over and eventually have us in a situation like Egypt where nothing matters anymore?

Fri, 03/23/2012 - 10:34 | 2283299 CuriousPasserby
CuriousPasserby's picture

Then buy gold jewelry. They aren't going to seize bling and really see the cities burn down.

Fri, 03/23/2012 - 10:29 | 2283269 digalert
digalert's picture

Did you know there's a weed that grows wild and fast. Some bastards, for the good of country, made it illegal years ago. There's been a war on against this weed for years. Well now you can get this weed just about anywhere and it's very expensive. Quite a lucrative business for criminal governments and banksters. Government handing guns fast and furious to drug cartels, admitted. Banksters laundering drug money, admitted. Hell, even US armed forces are growing opium for the Afghani's, admitted. Ask for my PM's and I say no speaka english.

Fri, 03/23/2012 - 10:24 | 2283255 Platinum_Investor
Platinum_Investor's picture

Great video thanks!

Fri, 03/23/2012 - 10:22 | 2283247 mind_imminst
mind_imminst's picture

The Turkish economy is unstable? I wonder why. Could it be that most of their neighboring trading partners (Syria, Greece, Iran, Iraq, etc...) have been destroyed (or are in the process of being destroyed) by western monetary and/or traditional warfare.

Fri, 03/23/2012 - 09:11 | 2283047 GeezerGeek
GeezerGeek's picture

Having securely donned my tinfoil hat, I have these comments about converting fiat to PMs, in the context of the USA.
At some point the fascists in charge will declare that holding PMs rather than fiat is an act of financial terrorism. By buying PMs, whether to bury them in the back yard or to dump them in a deep body of water, one would be removing money from the overall economic system. Money in a bank can be lent out, encouraging economic activity. Spending the money likewise encourages economic activity. Buying and holding PMs negates this, just as putting one's money under the mattress does. Both reduce economic activity and are crimes against the economy. Lesson: don't buy PMs, buy a new car. The latter, in fact, will lead to further spending on a regular basis.
At some point those same fascists may come knocking on your door saying something like "Give us your gold, we need to refill Ft. Knox." More likely they will simply ignore the reference to Ft. Knox. Either way, they will probably not be sympathetic when you say it was lost in a boating accident. They would also, I suspect, react negatively if one claimed that the golden calf in the family room is for religious purposes and therefore is exempt.
They may also come to those who hold silver, claiming that the silver is needed to produce more cruise missiles. Not contributing one's silver to the war effort is unpatriotic and therefore an act of terrorism.
Listening to some on ZH leads me to suspect that they may collect other metals as well.
Summary: paraphrasing Bush after 9/11, spend your money on stuff, keep the economy going. Don't let the terrorists win.
OK, the meds have started kicking in and the breeze just blew off my hat. Everything is now back to (ab)normal. Besides, I have a boat trip planned - an advantage of living near the ocean.

Fri, 03/23/2012 - 13:03 | 2284093 DosZap
DosZap's picture

At some point the fascists in charge will declare that holding PMs rather than fiat is an act of financial terrorism.

Next week a PD will be passed allowing you to only take a dump Weds.We have a dude on a roll.

Fri, 03/23/2012 - 09:22 | 2283082 trying to make ...
trying to make sense of it all's picture

That was fun. Had me going there for a minute.

Fri, 03/23/2012 - 09:10 | 2283040 Doubleguns
Doubleguns's picture

Gold is a barberic relic why would the banks accept that. LOL

Fri, 03/23/2012 - 19:35 | 2285541 Zero Govt
Zero Govt's picture

Because the banks own the Gold and want to flog it (2U) at $1,800 Oz having bought it off Browns bottom at $230 Oz

and they have an elaborate range of shills to do it; Peter Schiff (banks at JP Morgan), James Turk (banks at HSBC) etc etc

consider yourself had

Fri, 03/23/2012 - 09:01 | 2283017 Mercury
Mercury's picture

It's not like this has never happened before: In the US in the '30s as you mentioned, during the French debt crisis after Louis XIV's death in 1714, the progressive physical debasement of gold coinage during the later Roman Empire...

Monetary history doesn't just rhyme.  It's the same old song (and dance).

Fri, 03/23/2012 - 10:37 | 2283323 pacu44
pacu44's picture

Same old song and dance,

great Aerosmith tune, here those barbarous relics are going on tour this summer ;)

Fri, 03/23/2012 - 08:53 | 2283004 Sean7k
Sean7k's picture

With the latest presidential directive allowing for the taking of all private property by presidential whim, there is a much better reason to maintain assets that cannot be tracked. 

Bankster tyranny is and has been for centuries, the norm in western society. Through the protection provided by the State, they are unassailable. Still, in the event we ever want to change this, we will need a different form of value instument. 

Real money, in the form of gold and silver or even, copper will provide this opportunity. Just what part of counterparty risk do people not understand? Why would people continue to accept debt instruments in return for their labor? 

It is a confidence game. The Bank of Grifters et al would have us believe they are the answer. There is no more corrosive force on society today than that of banks. 

Fri, 03/23/2012 - 10:45 | 2283363 DoChenRollingBearing
DoChenRollingBearing's picture

+ 1

Only problem with copper though is that it takes so much weight and space to trade for necessities...

Gold for wealth preservation through the storm.  Silver for spending in a SHTF.  Copper for the last crumbs of food at THE END.

Fri, 03/23/2012 - 08:43 | 2282967 israhole
israhole's picture

Gold is money, real money.  Physical is best, miners with gold in the ground the only other viable option.

Fri, 03/23/2012 - 08:36 | 2282942 Vlad Tepid
Vlad Tepid's picture

Can you post the link about the Turkish govt's statement.  Can't seem to find it in English (or Japanese).  Hard to believe govts are going back to FDR's playbook. Coming to a country near you?  While I ponder that, I'm going on another canoe trip across a lake, the name of which I forget. Anyone wanna come?

Fri, 03/23/2012 - 08:49 | 2282986 GMadScientist
GMadScientist's picture

You missed the announcement of Tree-Card-Monti's capital controls in Italy a couple months back?

Cash transaction caps, searches on exit to Swissie-land,...everything but "turn over your gold".

Dumbest bank-run prevention ever.

Fri, 03/23/2012 - 08:40 | 2282953 smartknowledgeu
smartknowledgeu's picture

the article was printed in many places, but here's the WSJ link http://online.wsj.com/article/SB1000142405270230463640457729558272559610...

Fri, 03/23/2012 - 09:15 | 2283061 JOYFUL
JOYFUL's picture

Here's what started the whole thing = a complete tempest in a teacup.

http://www.hurriyetdailynews.com/finance.aspx?pageID=437

 

btw... JS Kim....yur stuff is just like Jill's...http://youtu.be/C7FQRNKleJI ...GOLDEN!

KEEP DOIN WHAT YU DO!

 

Fri, 03/23/2012 - 08:01 | 2282878 eddiebe
eddiebe's picture

Right now it feels like buying gold is like jumping in front of a bus.

Fri, 03/23/2012 - 08:57 | 2283011 IAmNotMark
IAmNotMark's picture

I've been hit by a bus (I didn't jump in front of it) and I've bought gold.

They didn't feel the same.

Buy gold.  And if you don't want to buy gold...buy silver.

Fri, 03/23/2012 - 08:50 | 2282990 GMadScientist
GMadScientist's picture

$1280-$1350...with both hands.

Fri, 03/23/2012 - 10:40 | 2283336 DoChenRollingBearing
DoChenRollingBearing's picture

+ 1 for both hands!  (STRONG hands would earn you another + 1)

If that is your, say, average cost when you bought, you are in great shape and will be VERY happy you bought.

If you are waiting for +/- $1300 to BUY, well, uh, I dunno if we will ever be going back there, at least for physical.  I´ll be buying as soon as I am back, even if it is $1800...

Fri, 03/23/2012 - 08:42 | 2282963 smartknowledgeu
smartknowledgeu's picture

actually that feeling you have is a likely contrarian indicator that the bottom is right around the corner :) stack when downside risk is low compared to potential upside price appreciation

Fri, 03/23/2012 - 08:48 | 2282962 smartknowledgeu
smartknowledgeu's picture

 

 

Fri, 03/23/2012 - 08:34 | 2282938 Vlad Tepid
Vlad Tepid's picture

Then your psychology is different from mine.  I am not a wild eyed PM bug, but over the last half decade I have come to see all fiat currencies as nothing more than kindling.  I just can't get their worthlessness out of head every time I unfold a bill or read about QE.  

Gold and silver to me at any price is worth converting the garbage I was paid for my work into real money.

Fri, 03/23/2012 - 08:18 | 2282905 Robslob
Robslob's picture

 

 

Depends on how much physical you already own...

 

If the answer is none...then you will mostly likely end up being a buyer around $2,250 per ounce...

Fri, 03/23/2012 - 10:03 | 2283196 Oracle of Kypseli
Oracle of Kypseli's picture

That bus was driving backwards. It is still not too late to buy gold. Those of you new to this web site you know what you must do.

Fri, 03/23/2012 - 07:51 | 2282862 JOYFUL
JOYFUL's picture

Yu are preaching to the choir, insofar as Turks hold enormous amounts(per capita speaking) of Au....but the reason they do so is purely....wait for it....tradition!

The family thing hasn't quite unwound [yet] to the extent it has in the fallen lands of EuroMerika, so daughter does what mom did and, like India, weddings the couple get gold from everybody.  There's no thought going into it, however. And therefore, yes, there is every possibly that the assault on real money will be successful. Turks(like everywhere else in the developing world) are buying into the American consumer nightmare bigtime, and while the bill is coming due in the "developed" world, it's still party time here.

It's amusing but sad at the say time, I try to buy hay or a pay a notary with a gold coin, they shake their heads and say I don't want that, I need fiat(interestingly, the word for cash in Turkish is fiyat -pronounced just as it reads)... even the most educated of folks just don't get the concept. The Turkish 1.6 gr gold coin is the biggest selling gold currency in the entire world...yet the people buying it just do not understand what it represents. 

That said, the whole spin on what that WSJ story was about is completely warped...I haven't figured out the agenda yet, but it's just gotta have something to do with Iranian oil and the latest ZOGBIE move to shut down the gold for oil train...everytime I see another move bythe  Klinton\Kenyan Klan to put a gun to their own head and threaten to pull the trigger, I get a flashback to Christopher Walken in the last part of the Deer Hunter...sitting at the table with De Niro, lights are on but nobody home....

Just one bullet huh?

Fri, 03/23/2012 - 11:50 | 2283700 QuietCorday
QuietCorday's picture

Your comment made me think of something kinda interesting. My husband's family are from this part of the world (though Orthodox rather than Muslim), from "decent working class almost middle class" stock, so not wealthy really, and it just struck me ...

They have LOADS of metal in their homes compared to Westerners. Important photo frames are always silver, heirloom religious ceremonial objects (trays, dishes, goblets for weddings etc) are always silver. They will tend to have a cabinet (that is never opened) full of crystal glasses, silver sugar bowls, allsorts.

Unlike British homes, which contain goods of such little value, the house clearance industry has largely disappeared, if you were to clear one of these homes, the silver goods alone would fetch a fair whack.       

Then I remembered ... when my MiL's niece was born, she bought her silver baby bangles, a silver baby cutlery set and a gold coin (this was in the 80s), none of which is remotely useful to a baby in a practical sense. When I go out there to stay, the shops sell a lot of silver gifts for Christenings as well (tiny silver teddybears etc). This is like a tradition with them, and, of course, it is essentially giving a child precious metal, a bit like opening a baby account and despositing money in it for the future, but doing this in a way that means residual value will never disappear.

The more I ponder some of this things, the more I realise generations past were far smarter than people give them credit for, and far smarter than people today.

Fri, 03/23/2012 - 08:41 | 2282957 aleph0
aleph0's picture

 

 

"I haven't figured out the agenda yet"

 

The Bankstas hold your Gold as security
The People borrow Fiat against it
The Bankstas tank the Gold price
Then they lquidate your security
Replay ...

Whether this happens this time, depends on whether the BRICS are "in" on the WW CB deal.

Fri, 03/23/2012 - 08:52 | 2283002 GMadScientist
GMadScientist's picture

The banksters lease your gold...(perhaps several times)

Do NOT follow this link or you will be banned from the site!