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"The Chinese Don't Want Dollars Anymore, They Want Gold" - London's Gold Vaults Are Empty: This Is Why
Today gold slid under $1200 per ounce, dropping to a level not seen in three years. Judging by the price action one would think that gold is not only overflowing from precious metal vaults everywhere, but can be found thrown away on the street, where nobody even bothers to pick it up. One would be wrong. In fact, as Bloomberg's Ken Goldman reports, "you could walk into a vault in London and they were packed to the rafter with gold, and the gold would trade from me to you to somebody else. You could walk into these vaults today and they are virtually empty. All that gold has been transferred out of London, 26 million ounces...." To find out where it has gone and why it is never coming back, watch the clip below (spoiler alert: listen for the line: "the Chinese don't want US dollars anymore, they want gold").
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this is a good one as well
http://www.gnosticmedia.com/the-pharmacratic-inquisition/
Even Santa Claus gets the amanita treatment in this film. Here the jolly old elf is presented in the context of northern European shamanism where, according to tradition, the shaman would dry his amanitas from a conifer tree and then visit the yurts of his community, entering through the smoke hole to bring gifts of sacred mushrooms to the people. It is not much of a stretch to see that these reindeer herding shamans were the iconic model for the fat red and white clothed Santa, who himself looks very much like an amanita mushroom.
nice! i need to watch that later.
the comments at the youtube link are hilarious.
Oh great, you just HAD to say it didn’t you? Of course now you know we have to kill you. No hard feelings it is just the policy.. but of course you already knew that, but no you just couldn’t keep your big fatassed Martian mouth shut. You greenass lizards just never know what is good for you. What A total bunch of fvkin lille tattletales running through the cosmos snitching everybody out and causing mayhem You rotten lowlife Neanderthal mutherfvkin..Piss on it we just gona blow Mars itself to bits to rid the heavens of the scrounge of your pathetic little existence.
BuuuuWahahahah
Hey there the ones that made homo sapians. When do we get the new upgrades? My brain could use a new OS.
Japanese, Chinese... whatever... ain't that about the same? And a Jew sank the Titanic.
[hoping someone sees what I did there and follows it on]
Here it's if anyone here doesn't get to the classic joke :-)
A Chinese man is standing on a street corner waiting to cross. An elderly Jewish man walks up to him, and to his face, exclaims: "Go to hell! Go to hell, for what you and you people did to the innocent people at Pearl Harbor!" The Chinese guy, baffled, replies: "The Japanese bombed Pearl Harbor, I'm Chinese." The old jew doesn't want to hear it and says: "Japs, Chinks, you're all the same." The Chinese man, getting angry, crosses his arms and asks: "Well what about all the innocent men, women, and children your people killed on the Titanic?" The Jewish man, furls his brown, and in a confused tone states: "The Titanic was sunk by an iceberg." To which the Chinese man quips: "Iceberg, Greenberg, Rosenberg, you're all the same."
(Japanese)
Alfred, back to school for you.
He was quoting one of the great leaders-in-waiting of our time -either Biden, or Dan Quayle, or Spiro Agnew, or Dubya even.
Forget it he's rolling.
I'm pretty sure the Germans did that.
are you sir serious???
"Was it over when the Chinese bombed Pearl Harbour"?
Bravo. I think that sentence captures the spirit of the moronic outcries perfectly. Essentially, what they're doing is exactly what most ZHers have been doing for years: Hedging against the collapse of the reserve currency facilitated by the Fed, and the rotten polygamous marriage between it and the political classes, corporatists, and the MIC. How dare they try to save themselves?
Here's a newsflash. Any country with a central bank is in dire straits, including China. We're all fucked for putting our trust in criminals and faith in paper. The predictable externalisation of blame - Hendry on China's mercantilism, the Fed on people's obsession with 'babarous relics', Abe on... shit I don't have a clue what he blames but it's bound to be anything but his own batshit crazy schemes, and so on down to the entitlement brigade blaming the government/foreigners/rich/poor/media for the sequence of decisions they made in their own lives which eventually led to living in a trailer dependent on handouts. Here's a thing about stupid people who cause all the trouble: You can bet your arse that it's never their fault.
It's not as if we were not warned for over a decade by people like Ron Paul. The whole predictable farce with the reserve currency is a reflection of most people's preferences for fantasy over fact, living on debts over living responsibly, greed and instant gratification over prudence and temperance.
So when you whine about whose fault it is, spare a thought for the poor bastards in the third world who have been priced out of staple foods for no fault of their own but our greed and delusions of grandeur.
As for those who espouse the most insane and abhorrent activity known to man: War, you can go fuck yourself. There's been a distinct and ominous drip drip drip of hate in the msm to prepare the West for war with China (& Russia) for over a decade, the usual dehumanising, and blame for acts our governments casually commit on a daily basis that we find so hateful and unacceptable when somebody else does it. The projection and paranoia become fever pitched on articles like this. War, any war, seems inevitable to shift blame away from those responsible and cover their tracks. If there's such a thing as duty and honour in this sad, abused world, I think it is incumbent on every sane person to prevent it from happening. How? Stop the hate, focus the blame where it belongs: The squids and tptb.
Brilliantly said ... post of the month!
Dove clap......well done!
Good stuff YHC
Right on YHC....RIGHT FUCKING ON!
FUCK YEA SEAKING!
@ fourchan What the video shows is people are so afraid of getting scammed. The girl @ 3:28 was funny and told the story. She's thinking to herself, "I don't know why but it sure feels and smells like money, what is it? People don't know because they don't have to.
Mark Dice, never try it in ASIA or you will suffer a grand buck loss right immediately... lol
should we call them the dumbest folks on earth?
https://www.youtube.com/watch?v=ndshbH3qZ6Y&feature=c4-overview-vl&list=PLa8S4GilqogSviCmzIY1jzXCSKcPw5XKl
this video is so fake i can't even believe that one person on zerohedge believes this shit! you really believe not a single person did buy the coin??? c'mon use your brain. all this scenes have been cut out of the video...
It's a random guy trying to sell "gold" in a parking lot. Would you buy it? I wouldn't. There's a 99% chance it's not gold and it's just a scam.
At least these people arn't dumb enough to be in total denile about the fact they rode an obviouse asset bubble like gold all the way down.
Brilliant video. Do you notice all these people respond the same way. They smile, shake their heads, laugh and say "I'm good", then laugh some more before leaving. Mind blowing ignorance. This is America, these people are not bums, they are healthy clean cut well dressed and groomed, they are the middle class. What fucking ignorance, my mind is blown. A China man would grab thet coin in an instant. America, these people have a public and college education, yet act like ignorant fuck heads.
I've been walking around trying to sell my gold coin at last summer's prices. When people told me it was worth $1200 I told them they were confusing my real money with the paper gold being traded on the stock market. Mine was actually worth over $10000 and $1900 I was asking for it was quite a discount.
You must learn to separate your concept of value in "things" as opposed to MONEY. What we are discussing here is MONEY. Things such as iPhones, houses, yachts, you name it... all have value, but they are not MONEY! What we are talking about here is the manipulation of MONEY. Whether you can wrap your mind around this or not... dollars, yen, pesos, Euros, etc... are all CURRENCY - based on nothing more than the "promise to pay". Yes, a million dollars of Federal Reserve Notes will buy me a very nice house right now. That's not the point. 100 years ago, $5,000 in Federal Reserve Notes bought an equivelant house. What does that tell you?
People who advocate for prudent savings in gold, silver, land, or any other tangible asset are not avaricious cads. We merely wish to maintain that which we have earned.
What you are saying is that I should take $10,000 in gold and buy $10,000 worth of iPods or any other "valuable" asset of this immediate moment. What guarantee do I have that these assets would be worth as much in the future? Answer: none.
This proves my point about MONEY.
Gold and silver are MONEY. They will - more or less (and even through brief periods of false manipulation) - maintain their trading value over any period of time. And for me, gold is not an "investment". It is its own savings account. I don't own it in the hand-wringing hope of making a killing when it reaches a certain number in terms of dollars. All I know is that if and when I need it - a comparable trading amount will be there from whence I purchased it.
Maybe I don't want to play the game of figuring out which trends to invest in to hold or grow what I have earned over the years. Maybe I just want to save what I have earned and - when I need to - spend it in the future at an equal value. THIS is where true money comes in... NOT counterfeit-debt-based-inflation-infected paper notes.
What really blew my mind was googling the image of a $50 or $20 dollar bill from, say 1919 and reading it. Then read what is on a $50 or $20 dollar bill today.
kinky tom kinky tom ....
WOW! CANT BELIEVE THIS
Sorry GOOD, you make no sense. I didn't downvote ya.
ON another note. Picked up a two ounces and two coins today. Holding my powder as I think we are in a defaltionary spiral and gold is goin much lower, perhaps to 850-900 or lower.
The problem with that is that it may not be availalble when it hits those prices.
Silver seems to be holding on (for what that's worth) but I want it to get to 15-17 to buy some more.
In the meantime, bullets, band aids and food.
That is all...
You dont get it? It is the golden rule, as they who have the gold... rules.. SO solly, what was yours is now ours?
Ahh, I get the asian inflection now.
Color me stupid, so solly.
BTW, did I ever tell you about "Green Teeth"; the japanese whore I met on and R&R in Japan in the 60's? True story... Suck the 3 point hitch off a John Deere, no shit... Ugly as shit when the Sake wore off but I stayed 3 days, and drunk...
Wow, never been matched.
As for the Chinamen claiming our goods, if they come for ours locally, we be good in greeting them.
Thanks for the clarification
Lol dont know that story but up north here there is a famous woman named ole one tooth.
She never spills a drop.. well that is what I heard anyway...
I think it's not deflation because in that case the stock market would be plummeting too. It's more like a massive miss allocation of capital. The new printed money goes into the banks which in return is plowed into financial assets including short derivative gold/silver/oil contracts. Meanwhile banks are exiting the bond market quietly. Once this winds down or explode that capital doesn't vanish, it will be only transferred to the undervalued assets. You see, for capital to disappear you have to pay off debts faster than taking credit, do you think this is what it's happening now in the big picture?
Yeah, whatever. If gold goes to 850 NO mining company will have positive cash flow.
"Always someone about to stick fly in ointment." - Charlie Chan
Confucius (551-479 BCE) says it:
"If a man takes no thought about what is distant, he will find sorrow near at hand."
Jesse: Record COMEX Gold Claims Per Deliverable Ounce at 79 to 1
Jesse reports that the Game Of Musial Chairs in the Western Fractional Gold Reserve System is getting into the new stage with the record level of leverage. Now report from Bloomberg can be put into another perspective.http://sufiy.blogspot.co.uk/2013/12/jesse-record-comex-gold-claims-per.h...
I want some gold....at $800
So...900 fully-auto loaded chinese show up at your door one night and ask...got gold yankee?
If they are on your Front Doorstep you are already dead, whether or not you have Gold. That is the importance of having long range Weapons, like RPGs and mobility.
The best defense is a good offense. You stage the attacks on the invader and choose the terrain, the battlescape, that gives you the advantage while engaging in combat.
No Chinese Troops with locked and loaded weapons are ever going to be at my doorstep. But I will be assaulting their camps...from a distance.
@Tall Tom
@The Heart
Easy there GI Joes. At ease!
Take a deep breath and re-read YHC-FTSE's post above.
You badly need some perspective.
@Tall Tom
Easy there GI Joe. At ease!
Take a deep breath and re-read YHC-FTSE's post above.
You badly need some perspective.
~~~~~~~~~~~There, fixed it for ya~~~~~~~~~~~~
I am not necessarily concerned that the Chinese are going to be a threat. I have more concern about the subverted US Government and their thugs.
Do you know the difference between "worry" and "concern"? No? I did not think that you did.
Worry is an emotional response whereas concern is a rational response.
With the ongoing assault on American Civil Liberties I have reason to be concerned about a Government incursion.
You may want to read Sun Tzu's Art of War. It is a very informative volume.
How is that for real perspective?
Where can I get an RPG? I really need to add one to my arsenal. I'm full up with small arms.
Go to RPGs ~ R ~ US ???
If you want them then you have to make them.
You can plan to make RPGs and have the ready ingredients. Possesion of all ingredients are legal when unassembled.
DO NOT BREAK THE LAW.
Where I live, they're almost at my front doorstep. Wal-Mart is only about 12 miles away.
The new system of warfare uses financial services to capture "your" security services first. Then "your" SWAT team does what it takes (and more often than not, more than it takes) to subdue you.
Americans have already lost. You can thank LBJ, Nixon, Reagan, the Bushes, Clinton, and Barry and their owners.
"Reagan proved deficits don't matter.” -- Dick Cheney
The Dick lied. Deficits DO matter.
I want some gold....at $800
So do these guys.....they've been waiting for a while now.
https://www.kitcomm.com/showthread.php?p=807539#post807539
That brings back some memories.
also
*7.75% 7day repo rate spikes - China
exactly. see below.
...and cue China setting up a buying panic for gld: http://portal.ransquawk.com/headlines/north-korea-has-threatened-to-atta...
I guess we just ride the madness huh?
Don't fight the Fed.
what do you need gold for when you have fiat.
$800! Fucking Sweet!
The Fed will lose control of the $, the yield curve and stock market all at once
^^^ This!
New yield curve then:
http://en.wikipedia.org/wiki/Variable_yield
Variable yield—or dial-a-yield—is an option available on most modern nuclear weapons. It allows the operator to specify a weapon's yield, or explosive power, allowing a single design to be used in different situations. For example, the Mod-10 B61 bomb had selectable explosive yields of 0.3, 5, 10 or 80 kilotons, depending on how the ground crew set a dial inside the casing when it was loaded onto an aircraft.
Interesting. Would a lower yield mean less of the core underwent fission equals more fallout?
No, less yield means fewer fissions, so fewer neutrons making the dirt radioactive, and fewer of the really bad daughter fission products, like Sr-90, Cs-137, and Co-60, which have short enough half-lives to be really, really radioactive, but long enough to linger for many years. Things with 1-hour or 1-day half lives are even hotter, but they're gone in a week. The ones with multi-million-year half lives, including the original uranium, aren't so hot that they emit killing radiation if you walk near them.
OK, but the Uranium and/or Plutonium that don't fission get aerosoled into the environment, and yes, as alpha emitters, they're not too much of a problem when they're outside the body... until you ingest them by either breathing them in or eating something that did. THEN you've got a serious problem. And so does everything else for how many million years?
I believe the yield is changed by varying the amount of tritium that's injected into the core.
So the same amount of core fissile material (U235 or Pu239) gets fissioned, it's just the amount of Tritium that undergoes fusion determines the yield?
I believe that adding tritium to the mix greatly increases the number of free neutrons that are available to continue the chain reaction, before its free neutrons run out of atoms to target in the immediate vicinity. The "target rich" environment required for fission isn't maintained for long because the mass of fissile material quickly expands to a point where it's no longer a critical mass.
(But please consider my handle when weighing my explanation because I'm not educated in this field; only very interested in it.)
Please don't make Spock laugh. It's bad for his Vulcan health.
Boy that sounds like a pretty bad day in the offing.
Now why would they want that gold stuff when we offer digits, shiny fuckin digits that any asshole with half a brain for hacking could totally fuck with?
Funny how people who want to buy want a lower price but people holding are outraged at lower prices (as I am).
You have to wonder at the response to the taper (stock up - PM's down) when last time they even hinted at one the market tanked big time. Now it seems they just keep rubbing their greedy hands together since there will still be 75 billion printed a month and zero interest to infinity.
I've been averaging down too, this whole time.
The anti gold crowd keeps getting their fix but we know. We are not guessing.
The tide is going into the ocean right now.
there is nothing funny about it, it is the old greed factor on both sides of the trade.
In a world where everything really seems upside down, there seems to be more evidence that those charlatans who always say "Buy Gold Buy Gold" (kingworldnews.com) are paid shills enticing suckers to load up the truck at $1500, $1700, $1900 so the bigshots can make a fortune shorting it. I was tricked too, two years ago I NEVER thought gold would be at $1180 in December 2013.
Yeah Mag I lost 10 bux when i bet at the time when silver was 50 that it would see 70 before seeing 30 and I am still amazed it keeps dropping under 20.. WTF?
one either trusts gold or the cartel............take ur pick.........
bheahhhhhtches !
Yeah
The most marketable good in the world was peddled by snakeoil salesman at King world news.
You are a fucking moron magnum
In the summer of 2012 I loaded up on PM (to front-run the Fed) on the advice of gold bugs/shills, especially here on ZH.
They all insisted that gold was not in a bubble and had lots of Rise left (above $2000!). They also strongly advised against Bitcoin.
They could not have been more wrong if they tried, and my Opportunity Cost (for those who actually know what that is, w/o having to look.it up), could not have been higher.
Even HH posted 2 days ago that gold went Down 27%, while the S&P500 went Up 27%
Only a complete retard or a shameless gold shill would argue with these facts and stats.
If you make predictions, you get to live with the shame of making dead-wrong ones. And for those sociopathic shills who know no shame, we add Contempt and Disgust to our regard of them.
So you took the advice of people on ZH and went full retard, then 6 months later you signed up for an account. Get your fucking story straight Kirk.
cry me a fucking a river, dude. You wanna speculate and play with big boys in rigged markets, then go right ahead but be prepared to have your face ripped off. Most on here and taking thier casual monthly or bi-monthly stroll to the coin shop to protect what they have before the crazy fuckers tear the place donw.
Unlimited and unconstrained ability to print tokens of wealth without any real production? Yeah. With that any "full retard" could suppress any price, or bid up any asset class targeted. Why do you think Neo-Keynesianism (Old Babylonia) was always the scorn of framer's of liberty? Why do you think they were so oppossed to unanchored, uncollateralized credit claims?
With half the population striving fiercely to bring innovative product and service to market for free will selection by their neighbours and to receive equitable compensation, the other half have leapfrogged straight into vice and fraud. No need for accumulation of commodities, the factories to transform and package them. No need for transport and distribution or even marketing. No need to make fine-point accounting to determine what portion of profit comes of all the gross sales.
With fiat money printing and distribution only to the whimsically determined privileged class, every thin-air manufactured currency instrument is pure profit. And it is advertised as being without cost consequence. In fact it is elaborately touted as an "offset" to deflationary forces caused by deleveraging, default, write-down, contraction from excessive credit creation and speculation. As if money printing should be accepted as a bonafide tool of central banking.
Except the central banking screeches to a halt if the economic actors, upon whose backs this cunning contrivance abuses out value to their everlasting regret, wise up and repudiate the system and its daily frauds.
What the central bank and government now holds as their special perogative (money printing) could not be undertaken by any of the true economic creators subject to their dominion. Any business or household which sought to ameliorate their insolvent position by creating national currency or even by distributing additional credit claims unbacked by obtainable widgits would find a fast incarceration. If a king or even sovereign holds perogatives to himself which is contemptible in the lowest beggar of the kingdom were he to employ it, the kingdom is ripe for fast decline.
That any alternative store of wealth is sought by honest men wishing to preserve their stored labours is natural. That their gov't (of the people, by the people, for the people amd founded upon the highest ideals of liberty and swearing their elites up and down the ranks to the defence of same) punishes them for their rightful and natural impulses is another testament to corruption and control.
Make no mistake. Precious metals remove consent of the governed from those that would manipulate their economic system for select benefit. The entire structure of inflation, dilution, monitoring, gimmicking, taxing, factoring, putting forth for increased velocity, etc. disappears when PMs are salted away.
Rather than suppress that instinct, the nation should never have countenanced the activity which brought it to such a degraded state. It should not continue and amplify the pernicious philosophy instead of seeking remedy. The entire structure dis-incents the honest production and spawns a hive of grifters, welshers, brickbats, charlatans, weasels of every stripe.
Let the insolvency meet the invisible hand. Let the bankruptcy deliver the imprudents' goods to a deeply discounted but eager market. The other path is a death star.
Until you sell your gold, you haven't lost one thin dime.
You are playing mark-to-market, we don't do that anymore.
hey news flash fucker! its only an oppportunity cost if you yourself understood it to be one and at that time. the fact that you demonstrated your preference, however wrongly, has fuck all to do with any of us, and more to do with your lack of understanding about respsponsibility. you pulled the trigger fucker. Smarten the fuck up.
All you have to do is buy it on a regular basis (hopefully after large dips) when dry powder is avaliable.
I sincerely hope it goes down much more. I have a too many of these silly green paper rectangles I need to trade in.
it is funny how some folks think the price of gold somehow is the current measurement of all the fundamental instabilities and criminal price corruption. On one hand, a more accurate price is innevitable. On the other, no one can call that day just as no one could predict this level and scope of corruption or its outer limits.
As I have said before... You will know the price of gold when you need it.... otherwise the conversation is moot.
Doesn't stop them trying to predict, Keisers, Rickards, Clement, Lira, Puplava's and the rest of ZHer blogger spheres. Acting like they know, preaching to the choir of distortion and with tongs hanging out like dogs the followers; they line the road on their why to the nearest coin shop to get rich quick only when it goes the other way, blame is placed soley on manipulation - after all nothing different this time and they surely can't all be wrong, can they?
If you want metal buy it. If you want bitcoin or others, buy it; just don't expect good advice from a forum of followers of one flavour of ice cream to tell you anything useful that you don't already know.
Best advice I've ever heard on this subject is from Mark Faber - I won't ask a gold bug for his opinion on gold. I want to hear from those who wouldn't buy and ask why.
I'll back up the truck when the price goes to $0. Meanwhile dollar cost averaging suits me just fine.
To answer question by commentee of previous gold article "Why would I want to buy gold?"
Because over 6 billion people worldwide want and crave it - always have and always will. It's part of the human psyche. Gold is treasure in every culture on earth and can always be used to buy/trade for necessary products from people who have or produce a surplus of these necessary products, the world over. So having real gold in hand will allow one to buy other real things when peoples are no longer willing to accept IOU's in their myriad forms.
When will this time come when peoples will not accept paper for their real products? Sooner or later.
50,000 Continental Dollars buy zero gold
50,000 Confederate Dollars buy zero gold
...and eventually...
China announces Yuan is now gold backed.. USD collapses. Not a shot fired and they could take us over in mere moments.
Yes.
IMO, this is why they are buying all the gold they can get.
so true, you just described WWIII
at least it'll be quick
the death and destruction will take time though
This is the stupidity of this empire
No army can stop this
No Hiroshima this time
it's over
and we have no one to blame but "ourselves"
That is such a 2D vision.
What would actually happen in response, is that Obama would use the Int. Economic Emergency Act. As such, he'd have almost unlimited autocratic power.
E.g., Seize Chinese assets in the US, issue a Bank Holiday, use Capital Controls, force 401ks and IRAs to buy Debt, nationalize gold and silver mines, use ALL gold in US banks and at the Fed to back the Dollar.
No, my friend, if/when there is a Great Unraveling, it will be most severely felt in the Derivatives market, where hundreds of Trillions are at play. Instability here is like an unstable nuclear reactor: explosive chain reaction --> meltdown.
He could do all that but what would happen to the US economy? Same result. US economy would be in mass turmoil much less those actions probably would cause the sheeple to riot.... Again collapse. It would be a check mate move. I certainly don't think it will happen in the short term future, but the Chinese have a very distinct plan. I think it is very simple way to handle their large population, much the way Europeans did in the 14-1500s... Go forth explore and conquer.
I kept reading posts wondering if someone would get it, and low and behold you did papaswamp. Congrats! Essentially this is a SILENT WAR that takes currency wars to a whole new, aggressive level, by transferring a tangible substance from West to East to back their currency and replace the USD (that is not backed).
I think China figured out gold was being shorted to counteract devaluation of USD during QE. So at any of these lower prices it's a deal.
China will probably continue to load up on gold trying to extract as much as possible from the developed countries, then at some threshold of stockpiling announce their currency is now backed by gold and welcome any and all transactions between different countries seeking fiat security.
This WAR will be won silently and once the announcement occurs, it will take place very fast! Nothing like winning a war silently and quickly.
China is likely in on the suppression of gold as well. It certainly is in their interest to keep the price low while they accumulate it.
True true...the other thing that happens if the price gets too low are mineral rights owners get skittish and begin putting their stake up for sale.... alot of Asian buyers coming into the rights market and exerciseing direct purchase of material.
While a great theory that some facts really will support, but the truth is far more horrifying. China like said in so many posts is an unknown, either way. Yes they are buying gold, but they also have an intensly over leveraged banking sector, they have a housing bubble never seen before, the smog is a humanitarian crises. What are they going to do destroy the USD with a gold backed Yuan and then they win? what?
The reason why I don't fully buy this is because the elites are fucking smart. If we know this they definetly know this. I laugh out loud everytime Bernake goes I don't understand gold. First rule of poker is to never show your hand right? Well China isn't buying gold to destroy the USD, its buying gold to fight the coming IMF world currency. The currency of the elites is gold. Always has always will. If your buying gold for a quick turn around your doing it wrong. If you looking at gold prices and going I made mistake you are not seeing the real picture. There will always be shills and false prophets. When it comes to armageddon prophices sure, but when it comes to gold theres no mistake it is the true hedge against this centrally planned insanity.
Chinas economy is export based, why would they want a stronger currency? That would fuck themselves so fast. Create world wide animosity while making their manufactoring to expensive to buy? What sense does that make? China is reacting to the west. The chinese know what is being planned and they want no part of it. This country has been used by the west on a massive scale. Only now are they trying to stand up for themselves.
I don't buy gold to make dollars per se, I buy gold to seal my wealth. You should too while you still can or afford to.
But for the fact that, when it really hits the fan, the real power lies in the quantities of guns and gasoline that one has.
The babylonian banksters have been long setting up china to be the next money engine after the USA has been sucked dry for everything it has, including all homes, national parks, rivers, properties, and just about the entire US. The bankster babylonians led by maurice strong have been setting themselves up in china for the next world war knowing they will be unharmed there. This is what the vacant cities are all about. When they start filling, start worrying.
The one sign that time was nearing was the robbery of the world's gold and then having it slowly sent to china where they plan to use it in their next new world oder under the chinese flag. This includes getting rid of Russia after they have done their useless idiot parts to take down the USA. So, hearing this is no surprise. It is actually kinda scary knowing it has happened and now, there is no stopping these corrupted slime-bag criminals from executing the world domination take over and population elimination agendas.
Pray for peace on Christmas, but also remember that a certain middle eastern apartheid boycotted country according to it's proven track record, has bad habit of funking up things on Christmas Day, and New Years time. All hands on deck in their vigilant stances. Have a great Christmas like it was the last free America will ever see.
Keep your antennas up~
OMG this makes way too much sense. Thanks for the nightmares..
Bring it on!
Better to sell your gold and silver and buy food etc. And may I add....No communist country has ever allowed any leader of any country that betrays their country to LIVE. If you betray your own country then no one can trust you.
Poke around at your local farmers/flea market. You can usually find a small farmer that will deal in silver and gold ( goats chickens etc.). Same with pawn shops ( hard items...firearms, tools etc.). Processed or long term foods... Some dealers will accept silver or gold.
I've thought for some time that this is a mutually contrived and orchestrated setup that the Federal Reserve is deliberately committing to -But why?
How can you guarantee that you will be supported in such a plan that calls for the deliberate systematic destruction of your own financial markets as collatoral for the transition to the next "new home"?
Even if you have all the money and means to do it with you need a lot of hired hands (on both sides) to carry that one to fruitition, and I don't believe you'll end up getting everyone on board to make it the success it has to be in order to pull it off!
On the eve of the 100th anniversary of the passage of the Federal Reserve Act, G. Edward Griffin, author of The Creature from Jekyll Island, talks about America’s central bank... the origins and functions of this monstrosity, as well as its role in maintaining and expanding the wealth and power base of the banking cartel that own and operate it... the growing public awareness of the Fed and the rising movement of those seeking to abolish it.
Great read.
But the difference between then and now is these guys are destroying there own "house" on the bet that they will make more money at a future date by giving it to an intermediary -in this case China which will facilitate cheap labor for many decades to come.
Not buyin it. If it's going so smoothly why have we seen the start of WWIII at least a dozen or more times in the last 6 years in Eastern Europe, the Middle East and now the South China Sea? Keep in mind these are only the ones "we know about". The U.S. and the rest of the tag along NATO "click" will never have a cozy profitable and mutually equitable business relationship with Eastern Europe or Asia because they have never nor 'will ever be' trusted with what they have already done through the use of force to get what they want.
A civil war in this Country will happen with Rockefeller and Kissinger still hanging around before they ever own China and Russia. By that time both will be taking a fast ride off the side of the Freedom Tower or will be swinging from a rope.
Great read.
But the difference between then and now is these guys are destroying there own "house" on the bet that they will make more money at a future date by giving it to an intermediary -in this case China which will facilitate cheap labor for many decades to come.
Not buyin it. If it's going so smoothly why have we seen the start of WWIII at least a dozen or more times in the last 6 years in Eastern Europe, the Middle East and now the South China Sea? Keep in mind these are only the ones "we know about". The U.S. and the rest of the tag along NATO "click" will never have a cozy profitable and mutually equitable business relationship with Eastern Europe or Asia because they have never nor 'will ever be' trusted with what they have already done through the use of force to get what they want.
A civil war in this Country will happen with Rockefeller and Kissinger still hanging around before they ever own China and Russia. By that time both will be taking a fast ride off the side of the Freedom Tower or will be swinging from a rope.
where can I buy Chinese yuan?
It looks like you can buy yuan on Mt.Gox if you are selling Bitcoin... Getting those yuan to their final destination might be a bigger issue.
where can I buy Chinese yuan?
You're gonna shoot your eye out kid.
kinky tom kinky tom .....
No, they are hung out in public in any chinese restaurant, just imagine how many are tucked between the walls.
I SOLD most all my dollars for Gold @ 1300
An onomatopoeia and new acronym in the making?
FTF
%&*@ The Fiat
Gold is so 2000 years ago. Don't they know bitcoin is the play now?
I thought it was Beanie Babies.
crocs
Hilarious! Be patient, my friends. The PMs will equilibriate to their natural value soon enough. Don't let this manipulation scare you into selling anything. Remember, it's not about greedily trying to make a killing on any upward swings (although that's possible)... in the long run it's about maintaining the purchasing power of what you have earned. You can either play the casino stock market (where the house always has the advantage) or sit tight and trust in the inimitable laws of economics and nature by holding real assets.
"You can either play the casino stock market (where the house always has the advantage) or sit tight and trust in the inimitable laws of economics and nature by holding real assets"...
Or... get off ur ass and make some money.
What is this crap about investing/gold as the only means to make money.
It's still leeching of other people's work and profit.
Do you realize that the plastic on an iPhone is worth 10x the price of gold?
Do you understand that in a normal economy stocks produce minimal short term profit?
I predict this: very soon neither stocks nor gold will produce any significant return, for a very long time
Opportunity awaits for those who are smart, and know how to run a business.
Tower, Tower, Tower...
You must learn to separate your concept of value in "things" as opposed to MONEY. What we are discussing here is MONEY. Things such as iPhones, houses, yachts, you name it... all have value, but they are not MONEY! What we are talking about here is the manipulation of MONEY. Whether you can wrap your mind around this or not... dollars, yen, pesos, Euros, etc... are all CURRENCY - based on nothing more than the "promise to pay". Yes, a million dollars of Federal Reserve Notes will buy me a very nice house right now. That's not the point. 100 years ago, $5,000 in Federal Reserve Notes bought an equivelant house. What does that tell you?
People who advocate for prudent savings in gold, silver, land, or any other tangible asset are not avaricious cads. We merely wish to maintain that which we have earned.
What you are saying is that I should take $10,000 in gold and buy $10,000 worth of iPods or any other "valuable" asset of this immediate moment. What guarantee do I have that these assets would be worth as much in the future? Answer: none.
This proves my point about MONEY.
Gold and silver are MONEY. They will - more or less (and even through brief periods of false manipulation) - maintain their trading value over any period of time. And for me, gold is not an "investment". It is its own savings account. I don't own it in the hand-wringing hope of making a killing when it reaches a certain number in terms of dollars. All I know is that if and when I need it - a comparable trading amount will be there from whence I purchased it.
Maybe I don't want to play the game of figuring out which trends to invest in to hold or grow what I have earned over the years. Maybe I just want to save what I have earned and - when I need to - spend it in the future at an equal value. THIS is where true money comes in. NOT counterfeit-debt-based-inflation-infected paper notes.
You must be young. With the advent of years, you will come to understand the truth of what I am saying.
Gold is near its production cost. I doubt if it goes much lower.
When less than 2% of a product is produced every year it only takes a small drop in demand to stop all production.
The paper gold is issued many times for a given ounce.
Oh the pain if the paper market had to reveal how levered it was
Also will find out the US doesn't have the gold reserves it was believed to have.
The Fed will try everything to break the back of Gold. They have been trying to do so forever.
they've been pretty much failing forever too. So have all the other "minnie-me" Feds out there. no one "breaks the back of gold." it goes down in price, it goes up in price. do whatever you can to get more. do whatever you can to keep it. the irony of course is that it is Governments that need a stable to falling price of gold...not the Fed or the Banks. QE is bailing out the Government(s) right now. But as we saw with Detroit et al "Governments can still fail." This is in spite of a falling...if not collapsed price of gold. this strikes me as meaning a problem with the recovery and policy...not a problem of Central Banking...or at least not a problem Central Banking can in any way "deal" with now. we had a huge jobs recovery after 9/11 when that bubble burst. we've never had higher equity prices than now...the total lack of employment growth six years into this thing definitely isn't a positive. http://en.wikipedia.org/wiki/Panic_of_1873
Canadian "Loonie" gonna become New World Fiat Currency.
Makes perfect sense, given the Loonies have taken over the asylum!
gold, a relic to be sewn in to your clothing......
Yes...Sewn into clothing by those Austrian Jews that were so "uncivilized". I cannot believe that Charlie Munger actually got away with slamming the Jews, insulting the Jews, like that. That needed to have caused a selloff of Berkshire Hathaway.
But there is way too much greed. And far too many just did not read the intended, underhanded insult. I am absolutely amazed that people do not understand the subtle insult. I guess it is the most affective method as it demonstrates stupidity as it goes right over the target's heads.
Most believed Munger to be slamming Gold. But his intent was to call the Jews uncivilized. He is a Nazi, a fascist, whom support the subversive regime in Washington D.C.
Great post.
Trading real wealth for paper. Has this great nation just given up? It breaks my heart.
Whatever has happened to "Gold, Bitchez!"
Faber is still on it.
All this Bear shit is going to hell. The apocalypse in 7-6-5-4 etc. is not working out.
All foreplay, no orgasm.
blue balls...er uh I mean gold balls
No need to be a premature ejaculator.
Even Jewish men the definition of foreplay: Three hours of begging.
So just wait.
What, no smug chart presenting the best performing asset class for this year? Oh well, the gold price is just unicorn paper valuation, right? ZeroEdge again FTW
Just show me one metric that suggests the price reflects the market.
Or just fuck off if you don't understand
Sorry, I'm too busy enjoying my 5,000%+ relative outperformance vs. your shiny yellow metal to give a fuck. Vancouver to Edmonton, eh? That already explains more than anything you say. But don't worry, your unicorn valuation will materialize, some day. On a long enough timeline.
Oh, and did you ask that question too when gold was presented as best performing asset class for whatever biased time frame ZeroEdge presented in years previous? Total fucking asshat denial.
The selling in gold ends Dec 31st. The New Year will also mark the beginning of the next leg up in gold. Why is JPM building inventory on PHYS ? Because they know the story will break in the new year about the Crime-Ex and GLD running out of Gold. When the run starts, everyone will want PHYS NOT paper.
What happens when you run out of something that has been levered out and shorted 100 to 1 ? An explosion in price that will even make the King World News crew cum their pants,
Tax loss dumping of paper gold (ETFs, hedge funds, futures) will be over. Also, over the holidays, people will meet family and old friends. The awakened will explain why things are so fucked up. A few more will awaken, and buy gold in the new year.
Not to worry though, since the Chinese are buying, the Indians are buying, JP Morgan is buying etc. etc.
If the Chinese are buying, I want to get some.
All the Duck Dynasty people that tell you to buy lead and shit, well, the Chinese have been around for 4900 years.
That would be ,like, 4800 years more than the Fed, and they have been through all this many times before.
Can't argue with experience.
Yup those Chinese know how to be the best slaves the planet has ever witnessed.
Most people in the US are slaves and don't even know/realize it.
"The perfect slave is that man who thinks he is free."
I'm quite happy with the gold and silver that I got.
Thanks to all these fine redneck people and Chinese I know for sure it is all going up.
I feel safe now.
Show them chinks and rednecks how tech savvy you are and buy BTC! You got it! You know economix and shit.
Nah, I am only buying stuff that's tangible. Me dunno understand this other stuff. When my gold goes up I'll be buying old McDonald's 15 year old daughter and we will raise us a little family, while the rest of the wolrd dies, from electric wires and stuff.
You're so young and hip. I'm sure the FED will just stick the tip in and not go balls deep into you fools.