This page has been archived and commenting is disabled.

Nine Gold Myths Everyone Needs to Understand to Survive the Global Economic Crisis

smartknowledgeu's picture




 

There are a nine prevalent myths and false arguments that bankers and their puppet commercial investment firms have used to keep people from buying physical gold and physical silver over the years (remember the paper GLD and the paper SLV is NOT a proxy for physical gold and physical silver and from the information in the prospectuses, very likely nowhere near 100% backed by physical gold and physical silver as they claim). To counteract this misinformation and counterintelligence that bankers spread so that they may continue to impose their immoral and criminal fiat currency monetary system upon global citizens, I have made two videos that pick apart and disprove the nine most popular pieces of misinformation disseminated by bankers against gold (and silver). In part one below, I discuss myths 1 through 4.

 

 

(1) People that Buy Gold and Silver WANT the Economy to Collapse.

This argument is illogical and confuses cause and effect. This is analogous to warning people not to cook and eat raw meat that has been unrefrigerated for days, and when people eat this meat and become deathly ill, blaming the people that warned the others not to eat the meat for the epidemic of salmonella that is happening.

 

(2) Gold’s Price is Too High

People that make this argument have no idea why they say this. Just because the price of an asset is high does not mean it is expensive. One has to understand the asset’s value before one can make the valid argument that the price is “too high”. People that argue that gold’s price is “too high” routinely pay 2,500 times more than the price of gold for the comparable weight in diamonds yet never believe they are paying too much for diamonds. Yet, the facts are that the banking cartel artificially raises the price of diamonds and artificially suppresses the price of gold and silver on a routine basis.

(3) Gold is Useless During Economic Collapse Because You Can’t Eat It

Perhaps the dumbest argument yet. In every instance when fiat currency has collapsed, and EVERY fiat currency in history has eventually collapsed because it is akin to monopoly money, people that owned physical gold and physical silver were able to use these precious metals to buy food, including most recently in Zimbabwe and during post WWI Germany. People argue that you can’t eat gold and silver, but yet hold fiat currency of which about 98% of it exists ONLY in the form of digital credits that reside on the banking cartels’ computers. Hmmm, I wonder how delicious those imaginary digital credits taste? Furthermore, silver has anti-bacterial properties that keep water and milk pure for months, so whole you may not be able to eat, it, you can store liquids necessary for survival in it that will keep liquids pure for months.

(4) The Gold Standard Will Not Work Because Bankers Own All the Gold

The Bankers own all the fake imaginary gold and silver in the form of the GLD and SLV ETFs and paper futures contracts that are backed by almost no real physical gold and physical silver but just air. But certainly they do not own ALL the real physical gold and physical silver. If this were the case, then the banksters in Turkey would not be begging Turkish citizens to turn over all their REAL physical gold over to their fake banking system to save it. In the video below, I use the analogy of Poker to describe why a Gold Standard DOES work in protecting the citizens’ rights and consequently explain why Banksters hate the Gold Standard, using a real life history example of post WWI Great Britain.

 

 

Please share the below video with everyone you know as destroying the bankster propaganda campaign against gold is the first step to toppling the immoral global banking cartel. Sharing the below video with everyone you know is also one small way to stand in solidarity with Irish citizens that have refused to pay the newly banker imposed property tax. Spreading knowledge and breaking bankster lies is a necessary step towards breaking free of their immoral criminal fiat currency system. If you have a twitter account, I encourage you to tweet this message: "I stand in solidarity with 50% of Irish that have refused to pay bankster imposed property tax to bailout banks. Please RT if you agree!" Even if you do not agree with everything in the below video, I still encourage you to share it with your friends as open debate of the points I raise in the video is the first step towards eradicating misinformation and building a true knowledge base about our monetary system to replace the lies that banksers have taught us through control of our institutional academic system. If you disagree with the points in my video, perhaps by sharing it with others, someone with whom you share the video may also better be able to articulate my points in a manner that makes more sense to you. Please stay tuned as I will post part 2 with five more gold myths tomorrow.

 

 

About the Author: JS Kim is the Founder & Chief Investment Strategist of SmartKnowledgeU, a fiercely independent investment research and consulting firm with a focus on Precious Metals that is dedicated to helping people not only fight the immoral global banking cartel, but also to formulating strategies that we can implement together to help us win. From June 2007 to March 27, 2012, our benchmark Crisis Investment Opportunities newsletter has returned a cumulative +184.99% return to our clients while the S&P 500 has lost -7.25%, the FTSE 100, -11.74%, and the ASX 200, a whopping -31.43%. The major benchmark gold/silver index, the PHLX Gold/Silver Sector Index, has returned a significant, +28.04%, but still underperformed our newsletter by -156.94%, over the same investment period (*in a tax-deferred account). Follow us on Twitter @smartknowledgeu.  

 

- advertisements -

Comment viewing options

Select your preferred way to display the comments and click "Save settings" to activate your changes.
Mon, 04/02/2012 - 19:56 | 2311295 Lost Wages
Lost Wages's picture

How much silver do I need to sterlize and protect a gallon of water or milk? How long does it keep?

Mon, 04/02/2012 - 13:47 | 2310084 Silver Alert
Silver Alert's picture

The salmonella analogy is too obtuse for the average non-zh'r to digest.  A better one would have been that people who sell and buy insurance (mostly) don't want the house to burn down or the car to crash. Then segway to - gold/silver is financial insurance...

Mon, 04/02/2012 - 13:39 | 2310066 Praetorian Guard
Praetorian Guard's picture

Hahahahahaha - Kim is a tard!!!!!! In a global economic collapse PM's are WORTHLESS. JiT shuts down, food and energy crisis takes place and people WILL NOT PART with a life saving tangible commod. People like Kim love to cite how PM's work in isolated incidents like Zimbabwe - however, what Kim et al, FAIL to comprehend is that commerce and products are still being produced and shipped globally - thus Zimbabwe can import through black market commerce or other mechanisms food and items that can be purchased through gold (since paper is worthless). However, a global collapse means no one, NO ONE is making a damn thing and ALL commerce ceases to exist. The only thing of value during a collapse is basically copper and lead - that you can take to the bank.

Mon, 04/02/2012 - 14:13 | 2310169 Long-John-Silver
Long-John-Silver's picture

Are you saying that in 1971 when Nixon defaulted on Gold backed dollars he wiped out 5,000 plus years of people using physical Gold (and Silver) as real money?

Mon, 04/02/2012 - 14:24 | 2310201 Praetorian Guard
Praetorian Guard's picture

You are comparing Apples and Oranges. The author speaks of a GLOBAL COLLAPSE. If this happens JiT SHUTS DOWN. Riots, etc. break out. People go ape shit. PM's won't save your ass. Chances are that Martial Law kicks in making PM holders doubly fucked...

Mon, 04/02/2012 - 11:41 | 2309727 boiltherich
boiltherich's picture

After the crisis...  I hope there is an after.  One of the problems is that we are not talking about just another major decline or the popping of yet another bubble with more bubbles blown to paper over it, or the failure of a euro/dollar/yen fiat that as far as I can see the only thing worse than it's failure would be it's success.  "THE CRISIS" he is talking about of course is the one we all expect as opposed to most of those outside of ZH who all think we are barking moonbats and claim violently it cannot happen.  It is so huge, such a mind bending gigantic fuck up on a global scale that it is almost impossible to wrap your head around it and nobody will escape the effects.  When it does happen you might have a stash of PM's and yet not even want to go on living in a world that will very probably depopulate by 90% or more.  A subculture of people is growing that seeks to survive it, survivalism even has it's own TV programming now (but then so do cupcakes), but they are fooling themselves, the harsh nightmare Mad Max world they prepare for is one very few people will actually want to survive once they are in it.

And the worst part is that the actions causing this crisis/collapse have already been done, they cannot be undone, a lot of people think/wish that if they would just end fiat now and reset the debt we could still avoid this catastrophe, that the daily actions they take are somehow the cause rather than an effect, when I say that a lot of the silly, desperate, and patently futile steps TPTB are taking are in fact entirely appropriate given that they cannot undo what has been done, and all that is left to them now is can kicking in a bid for extra months or a year or two more.  I have read for hours here about the solutions, the steps to avoid it all, but debt and fiat and TPTB are not even the base problem. 

What the real problem(s) are is ingrained in the human psyche which has not and possibly cannot keep up with technology, it is human greed NOT greedy humans, it is overpopulation, a Malthusian time bomb that can't be defused.  Go to Africa or some places in Asia and ask them what is wealth, fiat?  Silver?  Gold?  They will tell you it is what it always was, sons.  The more that make it to maturity the wealthier you are.  Quality is not an issue, it is all about quantity. 

I do hope (Barry O has just ruined that word has he not?) that there will be enough isolated pockets people who make it through to the other side to start humanity over again because man has some powerful good aspects as well, maybe one day someone will figure out what the point of life is, but as far as I can tell for the most part this crisis is probably going to include a war that will leave the planet unable to sustain civilizations for a long time if ever. 

Mon, 04/02/2012 - 13:37 | 2310057 ultimate warrior
ultimate warrior's picture

Good post. I agree with almost everything you said except that I do not think the entire world will turn into the Mad Max scenario (even though I prep for it). I think fragments of society will link together so life can be satisfactory. If you live in the countryside in states like Wisconsin, Minnesota, The Dakota's, Montana etc. you could do reasonably well for yourself. Like you said though, no one knows just how bad this clusterfuck will get.

Mon, 04/02/2012 - 14:21 | 2310190 boiltherich
boiltherich's picture

I forgot, some places are close enough to Mad Max now, I think that is a phase that many places will go through, liking or not liking it will depend on which you are, road warrior or one of the corrupted vicimizers who steal and kill for survival.  I think both sides of that model are well represented in our society.  They are out there today, some well disguised, in Italian suits and Brioni ties, some dealing meth to our young, some governing us, so they are harder to spot in the crowd, but what may come soon will force us to pick a side because there will be no reasonable middle way, it will be psycho or victim, or one who tries to just survive but lives in constant stress.  Ask a Greek how much fun that is and they are just starting to scratch the surface.

Mon, 04/02/2012 - 14:15 | 2310173 boiltherich
boiltherich's picture

One thing is for certain, we will see whether we want to or not. 

I am skeptical that WI, MN, the DK's or Montana will be the rootstock of a newer better civilization, the only reason they are habitable now in anything but a miserable nomadic hunter-gatherer life is due to modern technology that for the most part will not exist, from tundra they came and to tundra they will return. 

There will be pockets of people I am sure, but they will be tribal, murderously xenophobic, and sure they will have a sort of rudimentary economy based mostly on barter, but to compare this next century or millennium to civilization when it would be more appropriate to think of it instead as a new feudal dark age if not downright tribal, well, I don't think it is a place or time that will provide me with a life I can value.  There is more to living than simply eating, shitting, and breathing.  The things I hold valuable are almost all possible only because of thousands of years of social and technical evolution, I would be considered a criminal in the brave new world.  Not a position I intend to fill, so when it does come I will most likely not suffer it.  I am just glad I am on the verge of late adolescence and have had 54 years that I mostly liked. 

Mon, 04/02/2012 - 14:52 | 2310311 zapdude
zapdude's picture

BTR, MN is not frozen tundra.  Ever hear of Little House on the Prairie?  Yeah, that's MN.  Somehow Ma & Pa Engalls thrived with 1800's technology, albeit not without hardship.

I grew up there, and while winter can be unbelievably cold, the other three seasons are beautiful.  I do live in warmer climate now -- I do not miss the MN winters.

While I can also envision a Mad Max world, I don't think it will come to that yet, as the entire world won't just throw up their collective hands and choose a life of misery and desolation. 

That is unless we're talking about the Book of Revelation.  If that's the case, all bets are off, and we should all repent and believe. 

Mon, 04/02/2012 - 14:44 | 2310288 Westcoastliberal
Westcoastliberal's picture

Gotta say I agree with you boil, this ain't gonna be no hayride.  A good book to read in the meantime to ponder the what-if's is "Dies the fire" by R.M Stirling.  It's chilling to say the least.

Post collapse with all the loose nukes it's inevitable some asshole will start popping them off.  That or runaway nuke plants will result in many geographic areas being "too hot to touch".

Good luck, buddy.

Mon, 04/02/2012 - 10:29 | 2309514 ultimate warrior
ultimate warrior's picture

I like to think in a longer timeline aka after the crisis/collapse. If you are cunning and lucky enough to keep your PM's safe until after the collapse you could buy up stocks, currency (hopefully backed by something), land, basically any asset on the cheap. At least that is my plan. If I need to use my precious during the collapse to eat then so be it but the goal is to hang on tight.

Mon, 04/02/2012 - 10:08 | 2309442 ItsDanger
ItsDanger's picture

Gold is Useless During Economic Collapse Because You Can’t Eat It

 You cant eat shares or bonds either.

Mon, 04/02/2012 - 11:35 | 2309712 Zero Govt
Zero Govt's picture

Yes it'd be easier and faster if we simply stated you can eat food and leave the rest of the exclusions you can't eat out of it

..but some people just want complexity and name every item on planet earth that is not chewable ...sheesh!

Mon, 04/02/2012 - 09:56 | 2309401 The Beam
The Beam's picture

That said, I have to post something that may get more negative comments (I know some people base their status on the Zero Hedge "like" and "dislike" arrows)

I want to simply help people.

1st) To Zero Govt's point. I wasn't around so much then, but from I know of history didn't the Hunt Brothers use that old saying when they tried to "corner the market". I know peak oil has been used since the 90's. So I understand his logic behind it.

I also understand the logic of the fact that gold, silver, oil, etc is not an infinite resource. It takes time for the Earth to create it. The Earth will (for as long as I am alive, and my kids are alive...etc) ALWAYS create it. The discussion people need to have is the time it takes for the Earth to create the resource. "Do we take it out at a rate in which the Earth can't keep up".

I do not know the answer to that either way. I know smarter people than us that can't say with absolute certainty either way.

I do know why it has historically been used as money. EGO! Ego is one of the biggest reasons for it's drive historically. Gold, silver, and bronze have been some of the least corrosive metals. Thus I can make my name and my face on it and it can stand the test of time (OR it could have been just a coincidence.... I am going with the former over the latter though).

That said I am pro silver and pro gold because they are both psychologically projected by us throughout the course of history. I do invest in both (along with other assets in my "diversified portfolio").

So I can see both sides of the argument.

(My note: And I dislike knowing dishonest statements too)

Mon, 04/02/2012 - 10:59 | 2309610 Bansters-in-my-...
Bansters-in-my- feces's picture

To "The Beam"

That was a whole lot of words to say you know nothing.

You should have just said"I'm stupid"...

It would have been quicker and more accurate,and you could have moved on to the next article sooner.

Mon, 04/02/2012 - 10:33 | 2309525 Nukular Freedum
Nukular Freedum's picture

The Beam opined:

I also understand the logic of the fact that gold, silver, oil, etc is not an infinite resource. It takes time for the Earth to create it. The Earth will (for as long as I am alive, and my kids are alive...etc) ALWAYS create it. The discussion people need to have is the time it takes for the Earth to create the resource. "Do we take it out at a rate in which the Earth can't keep up".

The earth does not create gold and silver, rather these are elements that were forged in the center of a long dead sun from which our solar system is sacrificially composed (so to say).
Also people purchase these and othe "real" stuff because they suspect that the modern financial system maybe going inescapably to hell - which it appears to be.

Mon, 04/02/2012 - 11:02 | 2309621 The Beam
The Beam's picture

"forged in the center of a long dead sun from which our solar system is sacrificially composed (so to say)."

Our core is hotter than some dying stars

See the Harvard spectral classification chart and the estimated temp (in Celcius and Kelvin) for the core of the Earth.

We also have to remember these are theories (and not proofs). I am not a scientist, nor pretend to be one (I did stay at a Holiday Inn Express though). I am not going to PRETEND to know I am right or say I am right. Most likely I am wrong. Most likely others on the other side are wrong too. Smarter people than us (on this board are most likely wrong also). I am simply stating an opinion that is against the normal analysis. I didn't say it's right, I am saying I can understand the logic behind it.

Does it detract from the value we put in the metal though? NO!|

Now if you excuse me.... I have to put on my golden armor to fend off the incoming flaming that is about to engulf!

Mon, 04/02/2012 - 10:27 | 2309512 Monetary Lapse ...
Monetary Lapse of Reason's picture

Beam,  You are not helping people when you suggest that elements like Gold and Silver are being continuously generated in the earth... they are not.  While one might be able to argue that abiotic oil is at least possible, albeit at a very slow rate... heavy metals such as Gold and Silver are only made in stars;

"When the helium is almost completely consumed the carbon and oxygen can be transformed into elements with masses up to that of silicon. Increasing nuclear reactions, at higher temperatures lead to the formation of elements with masses up to that of iron (Fe). Beyond this point heavier elements cannot be formed by the process of nuclear fusion because the temperatures required are higher than those found in stars."

http://www2.glos.ac.uk/gdn/origins/earth/ch2_4.htm

There is only so much Gold and Silver that can be mined out of the earth... as energy costs go up, the ore grade necessary to make mining economic increases.. in this sense, barring some magical energy source appearing... we will run out of Silver in about 20 years. 

Tue, 04/03/2012 - 11:42 | 2313161 Axenolith
Axenolith's picture

When he says continuously generated, the meaning should actually be that it's "distilled" through the fractional melting process occuring during subduction and replaced during the volcanic and hydrothermal events occuring during same.

There may be some minute quantity also "generated" through isotopic decay chains, but that would be negligable.

Mon, 04/02/2012 - 10:40 | 2309549 The Beam
The Beam's picture

Silver and gold will always be created. They got created some how. It took a lot of time and a lot of factors in the process, but it is an element and elements are created matter. An astroid full of silver didn't just land at different spots all over the world and bury themselves in the ground.

My point is I can see where some come from on both sides. Never did I say it happens over night and never did I say there WASN'T a shortage.

All I am saying is there an argument on both sides. I know this from having heard the "peak oil" in the 90s (it is how I learned what "peak _______" is).

I understand what you are talking about too though. We are having to go deeper and use more resources to produce the mineral. I understand that and get that as the basis of the scarcity argument and agree currently with that analysis.

Mon, 04/02/2012 - 12:03 | 2309786 LowProfile
LowProfile's picture

If by "created" you mean "mined" then you are right, but just as "peak oil" should be termed "peak easy to pump oil", so we now have "peak easy to mine gold and silver".

Mon, 04/02/2012 - 09:38 | 2309345 hairball48
hairball48's picture

I own physical silver. It's win/win from my perspective.

Silver will be "real money" when the economy collapses. In the unlikely event the economy doesn't collapse, all the "consumer sheeple" spending their last dollar buying iPhones, iPads, and all that other electronic shit will support the price of silver as an industrial metal.

Mon, 04/02/2012 - 09:19 | 2309303 Gold Dog
Gold Dog's picture

The economy already has collapsed.....just waiting for it to fall over!

Mon, 04/02/2012 - 14:34 | 2310243 ali-ali-al-qomfri
ali-ali-al-qomfri's picture

cheers Gold Dog right on, how long did it take for the Roman outer reaches too realize Rome collapsed? in fact things went on despite the fall of Rome,etc.

independent thinkers and doers will survive, always have....

 

Mon, 04/02/2012 - 09:18 | 2309300 The Beam
The Beam's picture

And gold is most resistant to acid. So when they use acid rain on us.... my gold armored suit will protect me!

Mon, 04/02/2012 - 09:17 | 2309295 eddiebe
eddiebe's picture

From what I read ( and it makes sense) since governments around the world took silver out of circulation in the 60's and early 70's, they cast it into bars and had them stacked in their vaults. Since then they have been selling that Silver into the market to keep the price supressed to prop up the price of paper. Those inventories have been shrinking over the decades and at least in the US. represent less than 10% of what they were when Silver was still circulated as currency.

 While the price of Silver was held at around $ 5.00/oz. for those decades, most of the Silver miners were put out of business and so there was less silver coming from that source. It takes many years for mines to get re commissioned for various reasons, and so that source is slow in getting back in line with demand.

 In all I would support the supposition that Silver IS or will be in very short supply, and am personally long physical and buying major dips.

Mon, 04/02/2012 - 09:07 | 2309275 whoknoz
whoknoz's picture

9 myths = 4 notes + 1 video?...is this code or just the new math?...

Mon, 04/02/2012 - 14:32 | 2310234 Imminent Crucible
Imminent Crucible's picture

You couldn't bother to read it, but you could expend the effort to disparage it? He said "I will post part 2 with five more gold myths tomorrow."

Mon, 04/02/2012 - 15:58 | 2310505 RockyRacoon
RockyRacoon's picture

Current count of green arrows shows there are 6 other pea-brains who can't read...

Mon, 04/02/2012 - 08:58 | 2309251 JohnKozac
JohnKozac's picture

Silver cures global wamring....I heard......

Mon, 04/02/2012 - 10:19 | 2309476 denny69
denny69's picture

In a different form it is a powerful antibiotic.

Mon, 04/02/2012 - 10:41 | 2309552 Dead Canary
Dead Canary's picture

It's not an antibiotic. What it does is prevent bacteria from dividing and multiplying. Which will become more and more important now that there are super bugs that are immune to antibiotics.

Thu, 04/05/2012 - 17:44 | 2320611 denny69
denny69's picture

Like I said - 'antibiotic' - 'anti' - against. 'Biotic' - life. 

Mon, 04/02/2012 - 08:57 | 2309249 Troy Ounce
Troy Ounce's picture

 

 

I buy gold and silver AND I want the economy to collapse BIG TIME. I also know the economy WILL collapse, therefore I buy gold and silver BIG TIME.

 

 

 

Mon, 04/02/2012 - 10:38 | 2309543 Dead Canary
Dead Canary's picture

The economy WILL collapse. I don't want that to happen, but it's inevitable. Like others I am tired of waiting, I have my silver, and I would just as well it happened now rather than later.  Myth debunked.

Mon, 04/02/2012 - 10:33 | 2309524 SeattleBruce
SeattleBruce's picture

"AND I want the economy to collapse BIG TIME" - the philisophical and practical question is: to what end?  Since the economy will collapse despite our wishes (as you allude to), what's going to happen in the reset?  Will anyone be held accountable and will anything change?  Here's one idea about how to make things different.

http://economicedge.blogspot.com/2009/12/freedoms-vision-outline.html

Mon, 04/02/2012 - 11:59 | 2309776 LowProfile
LowProfile's picture

That dude promotes Bill Still's statist monetary scheme.  I think he's alright, just misguided.

Let gold and silver trade free of taxation, derivatives and other encumbrance, and let fiat compete with them...  That's all that is needed.

Mon, 04/02/2012 - 07:47 | 2309139 Dr Benway
Dr Benway's picture

Silver can keep milk good for months?!?

 

LOL that's a new one

Mon, 04/02/2012 - 11:56 | 2309765 LowProfile
LowProfile's picture

 

Silver can keep milk good for months?!?

 LOL that's a new one

Nope, not months, but it does work (and it's an OLD one...).

silver milk - Startpage Web Search

Probably would keep longer frozen with than without as well.

Mon, 04/02/2012 - 09:33 | 2309339 Bicycle Repairman
Bicycle Repairman's picture

Take silver and shape it into a bottle.  Put a glass sleeve in the silver bottle.  Pour in the milk.  Screw a glass-lined silver cap onto the bottle.  Put the silver bottle into the freezer.  The milk is good for months.

Mon, 04/02/2012 - 11:57 | 2309771 LowProfile
LowProfile's picture

 

Take silver and shape it into a bottle.  Put a glass sleeve in the silver bottle.  Pour in the milk.  Screw a glass-lined silver cap onto the bottle.  Put the silver bottle into the freezer.  The milk is good for months.

FAIL.

The milk has to come in contact with the silver, which is a bactericide.

Mon, 04/02/2012 - 10:42 | 2309560 Nukular Freedum
Nukular Freedum's picture

Freeze milk in a plastic bottle and itll be good for months. Chap never said nothin bout freezin.

Mon, 04/02/2012 - 07:36 | 2309127 nickt1y
nickt1y's picture

Production of new silver in decline ... hundreds of new uses for silver increasing demand .... consumer silver inventory cleaned out in the 80's ... looks like the makings of a melt upwards when the manipulatin breaks.

Mon, 04/02/2012 - 11:49 | 2309745 LowProfile
LowProfile's picture

 

... looks like the makings of a melt upwards when the manipulatin breaks.

... looks like the makings of a melt upwards THEN the manipulatin breaks.

Fixed it.

Mon, 04/02/2012 - 08:01 | 2309145 Zero Govt
Zero Govt's picture

Yes we've heard that line before so many times in so many commodities

You can hear it every day of the week over and over again here if you like:

http://www.kingworldnews.com/kingworldnews/King_World_News.html

Never once an adundance of metal mentioned  at King World News or by Jim Sinclair (an ex-stockborker so you'd think the wiley old fox would have mentioned this regular trick-of-the-trade many times by now)

The "maniipulators" (Bullion Banks) are adept at being shifty, shifting inventory around the system to fake metal shortages and get paid shills (liars) to peddle the scare story ..it's an age old party trick played many times over in the precious metals markets, you not heard of it in all your research?

Mon, 04/02/2012 - 07:19 | 2309116 Fred C Dobbs
Fred C Dobbs's picture

My friend you.

 

 

Mon, 04/02/2012 - 07:07 | 2309098 Zero Govt
Zero Govt's picture

the other lie (Bullion) Banks propogate is "Silver is in shortage"

Good one that, helps the ramping (fleecing) from their chorus of shills (paid liars), many pretending to be a Gold bugs bestest friend (choke)

You didn't spot that lie Smartknowledge, but it's a lie they peddle time after time over the years ..surprised you didn't mention it, was it 'counter cyclical' to your message?

 

Mon, 04/02/2012 - 10:19 | 2309458 philipat
philipat's picture

Agreed all. BUT, as a related issue, ZH has postulated that the price of Gold is being manipulated by the Fed, as evidenced by the Arbitrage between the day trade, when the Fed presumably sells Gold, and the overnight trade, when, presumably, the rest of the world buys Gold. Fine, BUT, in the last several weeks, my Charts suggest that the OPPOSITE is true. For instance, today, Gold was down in Asia AND Europe, but turned around from the NY open. Same pattern for the last 2 weeks. Also fine, but that raises another question to the ZH view. Is that because the original hypothesis is not true, OR, because the Fed has a new Stratefy??

Tue, 04/03/2012 - 01:20 | 2312083 ViewfromUnderth...
ViewfromUndertheBridge's picture

ever since that article about the "overnight gold trade" came out it's all gone screwy... 

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