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Want to Smack Down the Criminal Global Banking Cartel? Here’s How to Use Gold & Silver to Do It
Want to participate in smacking down the criminal global banking cartel? Here’s how to do it. Sell the likely fraudulent SLV and GLD ETFs, cease participating in the fraudulent gold/silver futures markets, buy physical gold and silver, and buy gold/silver mining stocks. The good news is (1) This is a simple strategy; and (2) Buy wisely, and you will likely build significant wealth while participating in this strategy.
The fraudulent immoral monetary system that bankers have imposed upon the world that steals money from savers and creditors and transfers wealth to governments, debtors and bankers can only be perpetuated by the price control mechanisms bankers have instituted for gold and silver. Destroy these price control mechanisms and the fiat currency system will fail. And what happens if the fiat currency system fails? We all have a chance to institute an honest and equitable monetary system that promotes price stability and sustainable growth instead of struggling under a dishonest one that destroys these desirable socio-economic qualities.
The ability of bankers to suppress the price of gold and silver (yes, even the price of $1,800 gold and $40 silver is severely suppressed) is based upon their ability to sell the perception that a much greater supply of silver and gold exists than actually does. Over the past six years, I have publicly blogged dozens of times regarding the mechanisms bankers use to accomplish the suppression of gold and silver prices, including most recently in my article, “Why Gold and Silver Prices Will More than Double Again Even from Current Prices.”
A key weapon in the Central Bankers’ war to suppress gold and silver prices over the past decade has been the creation of paper gold and silver ounces that has little to no real physical backing. Current data provided by the CME regarding gold and silver futures contracts that trade on the COMEX reveal that about 100 times more paper gold ounces trade on this exchange every year than all the physical gold that exists in the world and somewhere around 160 times paper silver ounces trade every year than all the physical silver that exists in this world. By expanding the supply of paper ounces of gold and paper ounces of silver at the same time that real physical supply of gold and silver are shrinking, the bankers have been able to suppress the price of gold and silver from reaching its true free market prices for decades. The GLD and SLV very likely participate in this fraudulent scheme in helping to creating massive illusory supply of gold and silver that simply does not exist.
Thus if gold and silver are freed from the criminal global banking cartel’s scheme to suppress their prices, this will help all people in the world, even the Doubting Thomases, to recognize the fraud of our current fiat currency system. Under our current monetary system, a businessman will never be able to receive the same value for the money he receives for any goods and services rendered unless he immediately spends all of said money. The fact is, it is impossible for a businessman that holds fiat currency for services rendered for a duration of time any longer than a few months to then receive the equivalent value of that fiat currency when it was first received. This fact about our current monetary system is a massive disincentive for any businessman anywhere in the world to work harder as the reward of additional nominal amounts of money can never be equivalent to the effort put forth. Thus, our “modern” fiat currency system literally destroys any chance to achieve sustainable economic efficiency. If a businessman works harder to earn 17.65% more money than last year, but that 17.65% boost in the nominal amount of money only enables him to purchase the exact same goods and services as last year due to an annual 15% inflation rate ($117,647 * 85% = $100,000), at some point and time, the destruction of efficiency that our fiat currency system imposes upon all businesses will inevitably lead to business contraction instead of sustainable business growth.
So how do we fight back against this unjust and immoral fiat monetary system created by Central Bankers? Below are three simple steps we all can take.
(1) Stop enabling banker fraud and realign your interests with the interests of humanity. Yes that means if you are long the GLD and SLV, or rollover long gold and silver futures contracts without ever taking physical delivery, you are silently facilitating the banker war against humanity as you aid and abet them in creating an illusory supply of gold and silver that simply does not exist.
(2) Sell GLD and SLV shares and re-invest the proceeds of these sales into physical gold and physical silver and/or gold and silver mining shares.*
(3) Settle all long gold/silver futures contracts with physical delivery only and not in cash.
*Gold stocks are a great value right now as you can see in the below chart. So are silver stocks as well. (Even though my Crisis Investment Opportunities newsletter has returned roughly a cumulative +220% over the past four years, since I believe gold/silver mining stocks to be the most highly undervalued asset class in the entire stock market now, I honestly believe that we will shatter those returns in the next four years.) However, ever since introducing the GLD and SLV, bankers have successfully been able to steer money away from fundamentally solid gold and silver stocks into these likely fraudulent ETFs.
If just some of the $66 billion currently invested in the GLD and just some of the $12.6 billion currently invested in the SLV was liquidated and re-invested back into gold and silver stocks, bankers would lose much of their ability to manipulate gold/silver stocks. From now until the end of the year, I believe that gold/silver stocks are likely to significantly outperform the GLD and SLV. Thus, redirecting money out of the GLD and SLV and into stalwart gold and silver stocks is not only a moral decision, but likely a very smart investment decision as well.
Finally, if you are not long GLD, SLV, or gold/silver futures contracts, and are sick of bankers silently destroying your wealth with their insane monetary policies, do not fret. You can still help to smack down the criminal global banking cartel if you have any savings in dollars, Euros, Yen, Pounds, etc. Convert a small part of your savings every single week into physical silver and/or physical gold if you can afford it. The physical markets for gold and silver are very tight right now even though the bankers are trying to sell everyone the notion that physical supplies are abundant through their massive creation of fake amounts of paper gold and paper silver ounces. If enough people buy physical gold and physical silver, even very small amounts, eventually the spread between the prices of gold and silver in the real physical market and the spot prices set in the futures markets will become so huge that the price of gold and silver set in the futures markets will be rendered irrelevant.
So if you have ever wondered how we can fight back against the financial insanity that Central Bankers are attempting to impose upon us, implement the three steps above, and we’ll be off to a solid start.
About the author: In 2005, JS Kim walked away from the immorality of Wall Street to form his own fiercely independent investment research & consulting firm, SmartKnowledgeU. Freed from the deceit and massive restrictions of the commercial investment industry, JS has been guiding clients towards significant profitability ever since. Visit us at http://www.smartknowledgeu.com to learn more about how we can help you build wealth through troubling financial times and click here to Follow us on Twitter.
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@ bill1102inf ru for real? what a douche! i knew it ur the son of Bernanke! Was that the story your dad told you about gold huh?
copper and lead will become precious metals as well.
Especially, lead, jacketed with copper.
One dilemna....22 long rifle is a rimfire round. While cheap now, it is virtually impossible to reload conveniently or economically, so that's something to stack up by the brick.... build a house out of it.
The last time gold was worth nothing, people lived in caves.
Even when illegal it was still worth something.... just not in America.
I get silver because I anticipate ten, twenty, or something-K gold.... and therefore, paper being worthless.
While silver isn't worth as much, it'll be a lot easier to use to purchase, say, food, or ammunition components.
If neither gold or silver is "worth" something, it'll be after an alien invasion, or the world resembles The Road, and it's straight up anarchy because the bunkers TPTB retreated to were all vaporized... meaning multiple megatons were traded between everyone.
Think about it.
Wow, $20,000/oz gold!? And 'paper is worthless?'. Wow, you really are deranged. You will ALWAYS use fiat to buy your food, electricity, water, and rent. You will NEVER use silver to purchase those things. Furthermore, in the UNITED STATES, paper dollars will always buy your Bread,Beef,Big-Macs,Fries,Potates,Corn,Lettuce and they will always be affordable because it can not be any other way. You do realize that $10.00/loaf of bread will NEVER EVER HAPPEN right????? Why? because no one will buy it, and it will be sold for 50% of what it is today.
Question on earlier article related to this one.
I remember previously that JPM would have SHTF when price of silver exceeds their share price.
Currently, JPM is around $35, SLV is around $41. SLV has been higher than JPM for a couple days.
What's up with this? Is something about to give?
Interesting... yet obviously SLV and GLD are shams (read their 10k). Want physical? The best dealers are:
www.tulving.com/goldbull.html
www.gainesvillecoins.com
If you are buying gold stocks based on dollars and we have hyperinflation - is there enough protection for you? I get holding physical. What about gold stocks on Canadian exchanges and denominated in C $?
C$ and A$ are very sensitive to commodity prices - so you'd expect those currencies to decrease with reduced exports as in the case of a recession. Open question as to whether they decrease faster than USD or EUR.
OCT 2011, you park your car in front of the 'coin shop', thinking "How strange, I don't remember this always being here." Anway, you check your smartphone, gold spot is $2000.00. You take your money bag, exit the vehicle and walk inside, heart beat, an acceptable 100 BPM. Its a lovely fall day and the breeze feels so nice. Upon entering, you are greeted "Good day sir, how are you?", "Great! I came to look at some gold coins." - "Fantastic, my name is Jim, I own the store, what do you have in mind?" You look up and there are computer monitors facing you with gold charts staring you in the face, that nice parabolic curve that looks like it only can go up. "Im interested in buying 10, 1oz coins" - "Great, I have them right here." You look at them. "How much are you selling them for?" - "$2100 a piece, $20,500 for the ten". "K, ill take them"
You peel $20,500 out of your shiny money bag leaving you with $500.00 fiat. "Would you like a bag?"
Sitting in your car, you think.. "That guy Jim, what a guy, a man in his 60's owning a coin shop, guess he has that GUN on his hip in case someone tries to rob him..." YOU Think you made a great choice.
NOV 2011. Gold is $3000/oz!!!! and the world although slightly colder, feels just fine.
FEB 2012. Its freezing out, gold has just broken its support level at 1500 and is trading at 1490 when you pull up to the coin shop. Checking that smart phone which will be shut off for non payment any second, spot just moved to 1430 in a second. Its cold, but sweat drips into your eyes and the red candles on your mobile device glare at you through the stinging pain. Heartbeat 180. You grab your gold, exit, and rush inside.
Jim is there. Hand on his hip "CAN I HELP YOU?" "Yes jim, hi, remember me? I was in here a couple months ago, bought some gold." You notice the computer screens are gone as is most everything but the counter. THere is a laptop under the counter that Jim can see now, with the 'price of gold displayed'. "Yes, I do, what can I do for you?" - "I need to sell the gold, how much can I get for it?" - "Well, I am actually packing up the store, closing it you see, I bought a couple houses in the carribbean and I am retiring. But, I can give you $10,000 for it" - "$10,000!!!! are you fucking crazy!??" JIM places his hand directly on his holster and you think "Great, I should have known, THIS is what the gun was for!!!" - "The price just went to $9500.00" "Are you going to sell them, I am busy here."
So you think, Gee, I called one of those we buy gold refiners and they told me that because of the demand to sell gold, their assay dept is behind at least a week. No more, we will assay your gold and get back to you today. its now, we will do it when we get to it. Who else could I sell it to??? No one, no one is buying gold!!!!! except Jim, and not for much longer it appears!!
"Ok, lets do it". Jim checks the coins, slowly, painfully, and keeps checking the laptop screen. Any second you expect him to say "Its now $9,000", but that doesnt happen. Jim goes in the back and returns. Puts a pile of cash on the table "Count it". You do "$8800, 8900" you stop and look up "But, But you said" - "Sorry guy, price just fell further and I have to be able to sell this before I cant make a profit" - YOU TAKE IT.
Thankfull for getting out of the store alive, you sit in your car and cry for a minute. You think, "At least I didn't buy 20K worth of BAC""Id have nothing to show for it." You drive away with your $8900.00. Today, is a bad day.
So here's what BILL is saying:
a) He's pointing out that your coin dealer is a market maker. Your coin dealer has to have willing buyers behind him/her to sell your gold to; else he/she runs out of cash. According to my coin dealer, they couldn't sell silver for melt after the quick decline last spring.
b) Unless your gold can be used as a medium of trade with others for goods/services - there is unlikely to be a market for gold when the great parabola eventually occurs and everyone is into gold.
c) He points out that the gold dealer made a fortune and rode the gold price up; then converted his gold to other asset classes before the market collapsed.
To buy into this scenario you likely need to have serious global panic on your hands. If people permanently lose confidence in fiat, and gold is partly remonetized (being technical here - I think of gold as money more than a commodity) then that could buffer the downward slope of the parabola.
In the 1980s the process did end up with a major up and down parabolic run. But the US was not in hock up to its eyeballs at the time. This time the circumstances are different, perhaps enough that the scenario BILL painted will not go down that way.
Something to consider for sure.
He's never been in any retail business, let alone as a coin dealer. It's just a business like any other. Somehow he thinks that the coin dealer pocketed that ultimate dollar spread as laid out. No way. I've been doing it for over 20 years and it's just simple retail. Inventory is inventory.
The delusions of th douchebag who missed out on gold at $400...$500...$600....$1000....$1500
How's your 201k doing douchey?
You sound like every home LOANER or johny got lucky pets.com buyer at an AA meeting.
Nice story. Insane fantasy. But nice story. Too early for acid dude, you might back off a bit.
it's not good to be tripping on acid this early in the day. be productive now, get wasted later.
What a complete load of horseshit. Gold dropping that much? Ain't fucking happening. Allow me to elaborate again.
AINT FUCKING HAPPENING.
I never said gold was 'dropping' that much. I said what the only person with the cash and will to purchase was dropping his offer to. Sorry you didn't get it. Anyone who believes they can sell their physical anywhere NEAR 'spot' in a downward trend has sh(t for brains. It will be like trying to sell your house for its 'Zillow' value. The problem is, Zillow does not buy houses, people do, and a house, or anything else for that matter is only 'worth' what the next person is willing and able to pay for it. Ever trade in a car???? Did you get 'blue book'?? NOPE. (And if you did, you got jacked on the new car $$$ to make up the difference.)
1. Houses
2. Cars
3. Gold
Now, class, what does not belong in this group?
Whatever dude in Fantasyland. I have known my 2 coin dealers for 10+ years awesome honest guys just trying to make a living. That was 2 minutes of my life I will never get back.
Really?? Are you THAT naieve? How many people KNEW their real estate agent/broker, cpa, banker, loan officer, NAR member (housing bubble)??? Or lets go back further, how many people KNEW their stock BROKER in 97,98,99?? (Tech Stocks), further - how many people KNEW their Tulip Broker??? Just something to think about. How many people bought X because someone else told them it would go up forever? Trillions have been duped, just try not to be one of them.
I'm glad to see you are so concerned about others finances tht you would spend the time to write up your fantasy and post it here. Because of you, I'll keep my paper dollars under the mattress. I'm sure it will be able to buy just as much good in 50 years.
its different 'this time'. im sure it is
Damn ! First comment out of the gate is a banking/wall st shill !
I wish ZH would monitor these comments sometimes.
Nonsence, you don't ban stupid people. You hod there stupidity up to the light, reveal in it, display it for all to see, that those less stupid might learn from his ignorance.
I don't care how much FRNs I could sell my gold for, if I can't buy anything with the FRNs.
#41
Slightyly OT. I just clicked through my first banner ad ever! And freakin' gave up some money too! And no, the ad didn't have Glen's face on it.
MONEY BOMB!!!
Silver is starting to move like gold does, albeit at stupid low prices.
Go to Kitco's silver prices page, look at the pattern, then click the live gold price chart button over to the left.
http://www.kitco.com/charts/livesilver.html
The two look verrry similar.
This is good news for silver investors, as the market usually treats silver as the red-headed step child.
Today, it is acting like gold's little brother. Hope it lasts, but the ax can fall any second.
What, no raid today?
Famous last words...
As of 11:30 AM ET Silver is up $1.38 (3.4%) to $41.98. I like seeing it over $40. I'd love to see it crack $45 or even $50.
A young bull and an old bull were standing on top of a hill overlooking a herd of cows.
The young bull says, “Why don’t we run down there and fuck a couple of cows?”
The old bull replies, “Lets walk down and fuck them all!!”
Big GATA fan here JS. The criminal price supression schemes by the banks against PMs are now mainstream. You're a warrior. Many thanks.
Once people grasp that the gold price has been suppressed for decades, they will realize that the real price of gold is actually many thousands of dollars per ounce. Gold is merely seeking out it's market discovery price after 80 years of price suppression and the 1933 gold confiscation. The market will always get what it wants eventually.
Your plan is very well thought out. Physical gold and silver are Kryptonite to bankers, which is why they suppress the market prices. Buying and holding PMs outside their system starves their empire of sustenence and puts pressure on their fake paper substitutes.
Another reason to own gold and silver outside the system is to keep the Fed from snooping into your personal financial business through the new "Consumer Protection Bureau Agency" which is really a domestic surveillance database of every single one of your financial transactions.
Ever tried to take delivery on /SI? Damn near impossible. Cash settlement -> rollover. Try it sometime.
Your remedies Mr> Kim are the treating of symptoms and not the malady. If you were a doctor I would have your license revoked.
That's about 99% of the medical doctors in the U.S. Thanks Big Pharma!
Unfortunately Mr Kim, as noble as your intentions are, your quest is an impossible one. The economic system is not built on a foundation of value, it is built on psychology.
A psychology that is fully invested in faith in the status quo. People fear change. People will accept ANY expanation from any authority if it means their cozy little world will not fall apart. They will ignore the obvious, they will run from reality, they will defend the indefensible.
The great majority are herd animals. There are those that can think independently, but like here, you are preaching to the choir. The herd will close ranks and be slaughtered. The outliers will watch from the relative safety of a confortable distance and renegotiate a new equilibrium. The roundup will progress, the wealthy will feast and we will be left with the chimera of a "new" freedom and democacy dedicated to the service of humanity's best interests.
Still, it is gold, silver and a quick mind, capable of identifying the strategies of the Elites that will watch the slaughter and bemoan the lost opportunities that could have released all of mankind from the machinations of the merchantilists. You can't change the nature of the sheep, no matter how much you attempt to educate it, it will always be a sheep and therefore the prey of the wolf.
Liklihood of gold-backed revolution is low. PMs may or may not play a role in a post-dollar order, but as the juggernaut rolls to the cliff edge PMs will keep pace, preserve buying power, and maybe put you a little ahead. They'll do until the real thing comes along.
Agreed. The gold-silver mantra is way overplayed. Power does not arise from gold. It arises from the capacity and will to resort to large-scale group violence. Someone [I've forgotten who] once metaphorically referred to it as the barrel of a gun.
A LOT more people taking the blue pill than the red.......
Most prefer the illusion of steak to the reality of gruel.
Tastes like chicken!
http://www.youtube.com/watch?v=hCSPf5Viwd0&list=PL3A43793E0FFB4FBA&index=8
Post this article on the SLV/GLD and other boards daily. Do your part. I'm sure CNBC and Bloomberg will not.
Let me guess...you would prefera gold standard. Now THERE'S fairness!
A gold standard will only work if we ban fractional reserve banking too.
The problem with 'a gold standard' is that you're devolving the power to decide what money is to the government. They can - and will - then change the number of dollars/oz at will, defrauding you of value overnight.
Free banking gets around this problem - let anyone issue currency, and let the market decide what to take and exchange. Get rid of deposit insurance, and I think we'd see specie-backed currency predominate, with currency issued by banks guaranteeing no fractional reserve lending being the market choice.
another offshoot that could arise is open-source banking wherein the 'bank' serves as simply a intermediary between the lender & borrower. something like kiva (although kiva is a piss-poor excuse for the potential).
the main problem as i see it with free banking is counterfeiting currency. of course, that's also a problem now, just that the counterfeiters are central banks.
Gold standard is extremely fair -- excellent idea! You are wise.
What's unfair about a gold standard?
a gold standard without the freedom of competitive currencies only allows those who hold the gold to dictate the rules of the game, which doesn't sound that much different than the way it is now in the POV of those who hold little or no gold.
yes, a gold standard would prevent gov'ts from issuing debt out of balance to their productive capacity. however, gov'ts are just one of a few delivery mechanisms of control and a strict gold standard would just transfer that control from gov'ts into the metal itself (and those who hold it).
we must not forget that gold is one of the OG's of control delivery mechanisms. if you doubt me, ask the ancient Babylonians or the modern-day Zimbabweans.
Did you know the bible was written by "kings, peasants, philosophers, fishermen, herdsmen, poets, statesmen, scholars, soldiers, priests, prophets, a tax collector, a tentmaking rabbi, and a Gentile doctor."
As far as the "peasants" go, hahahahaha. But anyway, to my point:
the bible was written by the "takers", those who cheated and stole from others in order to get ahead, to have "more" in life than they deserved. Think "rich man", "government man", "big business man", "man of property". It's quite natural then, that these men would try to scare those they had wronged and cheated - the peasantry - into NOT taking any action against them. Turn the other cheek and all that, please.
They created God and wrote a bible. Then they preached that those who didn't believe in God were heathens who deserved to die and put them to death. Pretty soon, everybody had religion.
They created "laws" that were - in theory - to apply to everyone. But we all know the truth in that.
Fast forward to today. Read Matt Tiabbi's post from the 17th regarding the SEC destroying documents for Wall Street.
Then go back to the very beginning of time. If a man cheated you and your family out of your home, out of your next meal, out of your property . . . what would you do if there were no bible written by cheating thieves, if there were no laws written by predatory takers, what would you do to protect your own interests and those of your family?
Why, you would destroy him, of course, so he could never harm anyone else again. It's only natural.
this is the biggest load of BS i've ever read on this site. the Bible says that only gold and silver are money, and that God has a seething hatred for the money changers and usurers. the only time that Christ lost His temper was when He saw the money changers in the temple.
Ahem.. ah, b**** t***, you should probably keep to economic topics or at least know what you're talking about when it comes to theology. By the way the "gentile doctor" you mention was not gentile, but jewish, because Romans 3:2 states that, "unto them [the jews] were committed the oracles of God", one of nine benefits from God to Israel. The rest are mentioned in Romans 9:4,5 if anyone is interested they can look it up. In the Bible. Its a bestseller.
Why would Matthew have left his immoral tax extraction business if he was not born again in the Messiah and why would Peter, James and John have left their fishing business? To follow a poor Rabbi named Yeshua? And why, after he was crucified didn't they just call it quits but more to the point how did Xianity flourish under the growing Roman Empire?
You make no sense at all.
Problem with taking mushrooms is that you can never be sure of the actual dose.