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A Visual History Of Gold: The Most Sought After Metal On Earth

Tyler Durden's picture




 

This infographic introduces the yellow metal and tells the story of how it became the most sought after metal on earth. Gold was one of the first metals discovered by ancient peoples and eventually gold grew to symbolize both wealth, royalty, and immortality. Gold began to be used as money by many cultures, but the Romans were the first to use it widespread.

The rarity, malleability, durability, ease to identify, and intrinsic value of gold made it perfect for money. While many civilizations throughout the world used gold for money, eventually its role would change with the coming of the gold standard system.

In modern history, gold was shaped by events such as Roosevelt’s confiscation order in 1933 and President Nixon ending the direct convertibility of gold to US dollars in 1971. Although gold is no longer the basis of the modern monetary system, there is more gold demand today than ever before.

 

See full infographic here

 

Source: VisualCapitalist

 

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Wed, 02/26/2014 - 22:39 | 4483182 Rock On Roger
Rock On Roger's picture

Gold is Money

 

Stack On

Wed, 02/26/2014 - 22:51 | 4483220 zorba THE GREEK
zorba THE GREEK's picture

Gold is money, everything else is fiat. What do you want to hold?

Wed, 02/26/2014 - 23:00 | 4483248 satoshi123
satoshi123's picture

LAND

In all human history almost all GREAT fortunes were made in REAL-ESTATE 'REAL' land like 'real' gold is REAL.

*

Most telling now in this age of INFINITE FREE FIAT ( FED ) is that facebook, google, the entire NSA spy machine can all be created including BITCOIN, it all comes from FREE FIAT.

But make no mistake should we return to a GOLD based currency, then LAND will once again be more valuable than GOLD.

Now only VIRTUAL bullshit and threat of death is valuable.

Wed, 02/26/2014 - 23:12 | 4483287 johnQpublic
johnQpublic's picture

so if gold is damn sought after, why do they only put a little thin layer on the tungsten bars before the store them in the vault?

Wed, 02/26/2014 - 23:19 | 4483309 Clint Liquor
Clint Liquor's picture

Finally, the History of Gold with pictures! Now, it might be simple enough for Keynesian Economists to understand.

Wed, 02/26/2014 - 23:34 | 4483325 dryam
dryam's picture

Then came electronic 1's & 0's, computerized exchanges, and the internet which gave the thieves/dictators of the world the ability to obscure what wealth is,  what freedom is, and the ability to play God.

Can gold ever see it's "true" value again as long as the electronic 1's & 0's exist?

Thu, 02/27/2014 - 00:16 | 4483438 rehypothecator
rehypothecator's picture

There's a math typo in the presentation.  Pluto is "only" 5 billion miles away, so 100x that would be about half a trillion miles away, just shy of .1 light year (1 ly ~ 6 trillion miles).  Not 280 trillion miles which would be nearly 50 light years.  

Thu, 02/27/2014 - 01:50 | 4483590 Theosebes Goodfellow
Theosebes Goodfellow's picture

~"Finally, the History of Gold with pictures! Now, it might be simple enough for Keynesian Economists to understand."~

Uhmm.., say..., yeah, sure. Keep me posted on how that works out for you.

Thu, 02/27/2014 - 02:06 | 4483602 DoChenRollingBearing
DoChenRollingBearing's picture

Matthew Hart wrote a new (2013) book on various aspects of gold as well, including lots of interesting information on gold geology, mining, etc.  There was interesting info on the Spaniards stealing all of Peru's gold as well -- a great chapter.  He visited gold mines in China, South Africa and Nevada (!).

"Review of "Gold: The Race for the World's Most Seductive Metal"

http://tinyurl.com/mmr6dpp

Fri, 02/28/2014 - 08:24 | 4488114 N2OJoe
N2OJoe's picture

Unfortunately we in the US can't own land, but we can own gold (for now).

Gold is also easier to hide/hold/defend when your own gubmint decides to confiscate it from you.

Therefore Gold > Land IMO.

Thu, 02/27/2014 - 00:25 | 4483460 rehypothecator
rehypothecator's picture

"It is difficult to get a man to understand something, when his salary depends on him not understanding it."  -Upton Sinclair

Wed, 02/26/2014 - 23:14 | 4483293 Bonapartist
Bonapartist's picture

your posts are akin to sitting through one of Ted Striker's suicide-inducing stories in "Airplane"

Wed, 02/26/2014 - 23:18 | 4483304 satoshi123
satoshi123's picture

Mark Twain once said "Truth is always stranger than fiction, because fiction has to make sense"

Twain must have foresaw ZH?

WRT to your 'suicide' fixation I would suggest we all abide by Patton's MAXIM, "Don't DIE for your country, make sure the OTHER GUY dies for his country".

*

Fight them, kill them, insult them, toss rocks at them, and never quit until your dead. Don't make it easy for assholes to Rule the Earth.

Thu, 02/27/2014 - 02:56 | 4483652 AgLand
AgLand's picture

I wholly agree. And while I may own both metals AND land, I would sell my metals before I would sell my land. I can never consume my metals, but my land would feed my family and I, as well as future generations, forever.

Thu, 02/27/2014 - 06:34 | 4483774 Full Patata
Full Patata's picture

I agree on the principle. Unfortunately, you have to account for the neighbouring "environment":

- corrupt/degenerated/totalitarian society around you. Up to the point where you (or your descendants) will die, degenerate or just want to leave.

- pollution (think tchernobyl/fukushima/fracking/mining/whatever), up to the point where you cannot live here.

- taxes.

 

Hedge accordingly.

Thu, 02/27/2014 - 10:13 | 4484188 Bohm Squad
Bohm Squad's picture

It's also tough to take land with you if you leave...

 

edit: I should of scrolled down to hobo's post.

Thu, 02/27/2014 - 03:23 | 4483673 hobopants
hobopants's picture

Too bad we can't buy land anymore then huh? we merely pay the banks for the privilage of leasing it from the government under the guise of "property tax", which I'm sure will be sent to the moon when local county / city governments start to feel the pain... Plus if the SHTF near you, you can't pick your land up and take it with you.

I agree that in a stable enviroment Real estate "can" be a good investment, but I don't think now is the time to buy...

Thu, 02/27/2014 - 07:18 | 4483794 aphlaque_duck
aphlaque_duck's picture

Plus it's overpriced now due to planned interest rates. Terrible investment until after the war.

Thu, 02/27/2014 - 12:13 | 4484750 Panem et Circus
Panem et Circus's picture

Agreed. I'm a land guy, professionally. Not some junk shill RE agent, but actual owner. I'm not buying land at these prices, I'm buying metals. Living in the land of infinite leverage has made the land price out of whack. Perhaps in sections of Iowa or Illinois you can get a decent yield from cash rents on farmland, but that game is extremely tough. That's why big money like Soros is doing business with dictators in Africa... cheap land. I'm selling RE into this hot market (where I am it is a hot market) and buying metals at artificially depressed prices. I only have a few cash flow investments that I am paying off completely and holding onto. After this credit bubble pops I will be selling or trading metals to buy land from over-levered sellers at depressed prices.

Thu, 02/27/2014 - 09:47 | 4484099 Perfecthedge
Perfecthedge's picture

Agree with you.  Land can provide food and protection.  Also history has shown that armed men can convince you pretty quickly that your title deed is not yours anymore.  Governments have expropriated the legal owners of land during WWII (Germany and many others) and during other conflicts too.  Many rightful owners of land in Nicaragua are still sitting in the US figuring out how to get 20+ families off their property.

Gold: can be stolen from you (see the jews in Nazi Germany)

At the end of the day only ammunition and a functioning gun will get you pretty far (if the SHTF)

Thu, 02/27/2014 - 00:42 | 4483483 Deathrips
Deathrips's picture

If gold and silver were two chicks... Silver would be the hot one. Gold ..would be the one you dont introduce to your friends but still bang.They are both important....right?

Silver Bitchez.'

 

RIPS

 

EDIT: dont junk FOFOA...its useful.

Thu, 02/27/2014 - 02:46 | 4483641 All_Your_Base
All_Your_Base's picture

 

"Silver would be the hot one"

 

She was all antimicrobial and shit, and I was like damn bitch how'd you get so conductive?!


Thu, 02/27/2014 - 03:07 | 4483658 123rainier
123rainier's picture

Mary-ann = Silver

Ginger    = Gold

Thu, 02/27/2014 - 05:12 | 4483738 satoshi123
satoshi123's picture

In ASIA gold gets you laid, and silver, will get you in the dog house.

In the USA the hairlips have no gold, god I hate it when hairlips talk about gold.

 

Thu, 02/27/2014 - 10:53 | 4484318 Grinder74
Grinder74's picture

Maybe you shouldn't hang around so many Jewish women then.  Go for a nice blackety-black one like Moochelle.

Thu, 02/27/2014 - 11:38 | 4484561 RockRiver
RockRiver's picture

Gold is money, everything else is fiat. What do you want to hold?

 

Cue the Fonestar soundbite.....

Wed, 02/26/2014 - 23:18 | 4483299 Mr Poopra
Mr Poopra's picture

There is significantly more than 174,100 tons of gold in the world, but it's held in vaults you don't know about by groups that don't exist.  Like diamonds or Rolexes, the supply is controlled.  

I'm eagerly anticipating the day when the unwashed masses storm the Vatican vaults and archives.  Hours later these psychopaths will swing from lamp posts in every major city.

Wed, 02/26/2014 - 23:52 | 4483390 stacking12321
stacking12321's picture

"There is significantly more than 174,100 tons of gold in the world, but it's held in vaults you don't know about by groups that don't exist."

you state that as if it were a fact - would you care to provide some sort of evidence?

i've heard such rumors before, and always assumed these rumors of vast hidden gold reserves somewhere were made up by the bankers / gold cartel to aid in their efforts of gold price manipulation.

 

Thu, 02/27/2014 - 00:12 | 4483431 Mr Poopra
Mr Poopra's picture

Karen Hudes worked at the World Bank for 20 years.  She recently turned whisteblower and confirmed that there is in fact much more gold in existence than the general public is aware of.

http://www.youtube.com/watch?v=ty20OkbP_3E

Thu, 02/27/2014 - 00:42 | 4483486 stacking12321
stacking12321's picture

i've been following hudes' videos on youtube.

some of the things she says make sense.

some of the things she says strike me as a bit naiive, others a bit kooky and out there.

what does she mean with her recent statements on her recent youtube interview with greg hunter, that gold is the common property of all humanity (i dont recall the exact phrasing she used)?

frankly, i don't know what to make of her, yet.

 

Thu, 02/27/2014 - 02:18 | 4483610 DoChenRollingBearing
DoChenRollingBearing's picture

Me either re Karen Hudes.  Seems kooky.  FOFOA does not buy any BS re huge amounts of "other gold" out there (eg "Yamashita's Gold").

Thu, 02/27/2014 - 08:48 | 4483947 sleigher
sleigher's picture

Controlled opposition. 

Thu, 02/27/2014 - 10:20 | 4484182 Save_America1st
Save_America1st's picture

I'll jump in here on this also regarding Karen Hudes.  I've been watching her stuff over the last several months and she does come across as nuts to me...an obviously well informed nut in some way.  It seems that her background and World Bank experience checks out and that she speaks rather intelligently about what is going on at the top levels of this whole criminal conspiracy.  But she comes across as half crazy once she gets all riled up and that's when her behavior causes her to lose credibility.

I watched a recent interview she did near the outside of the Miami airport with Professor Antal Fekete, and she just lost her mind a few times and really treated the guy very rudely many times.  And he was totally on her side and wasn't arguing with her at all, but she still came across like a total bitch towards him at times.

I heard her on Rick Wiles radio show, "True News" a few months ago and she totally lost her mind.  Rick is a nice and very well informed guy and she totally cracked under some very innocent questions and then she started cussing on air.  He warned her not to cuss on air (his show is a Christian religious program), and she still couldn't control herself so Rick just hung up on her. 

 

Secondly, it seems no one has yet mentioned Bix Weir yet in this thread and his "Road to Roota" theory.  Bix sent out one of his newsletter emails on Feb. 6th, and in it he mentioned that there's actually "million of tons" of hidden gold that have been hidden from the world by the highest level world powers.  Below is a copy of the excerpt from the email he sent out which I highlighted in brackets below:

Subject: New Monetary System in United States Has Nothing to do with FRN's, RV's or Global Agreements

I can't tell you how many people have emailed me about how the "New Monetary System" is about to be introduced. They claim it has all been agreed upon by a couple hundred nations and all currencies will be revalued to reflect the current imbalances in the world.  Money will be spent to help the poor and clean up the environment. All debts will be erased or modified and we will all go along our merry way!

My take - that's not the plan in the United States.

  It never was.

It's all well and good if a few thousand leaders agree on a new system but that doesn't mean the rest of the 7 Billion people on the planet are going to agree with it!

  They won't. I won't. You likely won't either. When the system implodes and all your savings, checking, 401k, retirement and your JOB all disappear with the derivative meltdown YOU will not care what the PLAN is for the new system. If it doesn't get your wealth back, put people in jail and remove all the "DECIDERS" in our world today...you won't agree.   7 Billion people won't...I mean CAN'T ALL AGREE!

So We the People of the United States of America will go it alone. Everyone will. Every nation, every state, every city, every individual will be going it alone for a while. How long depends on the mood of the majority. In the United States we have a Constitution and a tradition of using Gold and Silver as money but not many other nations have any of that. That's where the Road to Roota Theory comes in.    

[In the RtR Theory the US has been stockpiling and hiding tons and tons of gold for over a century. MILLIONS of TONS! It is hidden above ground and below ground. It is in government vaults, military bases, natural wildlife preserves and the Mother Load of gold deposits smack dab in the middle of the Grand Canyon! It has been sitting and waiting for this moment.]

But will Gold be accepted by the People of the United States? I think so.

  The Federal Reserve Bank of Boston thinks so too.

The Original Road to Roota

http://www.roadtoroota.com/public/120.cfm
 

Read what the Fed Boston says on that last page of their comic again...

***************************************************************

so I wrote back to Bix regarding that particular claim of millions of tons of gold, and I stated that I typically read that there's at least somewhere around 165,000 tons of gold total in the world right now.

Bix wrote me back and all he sent was this below along with a public link on his website about it:

 

"165k tons is the number invented by Harry Oppenheimer in the 1960's.

  Here's some more info but there is a lot in the other Roota articles"
  http://www.roadtoroota.com/public/181.cfm ********************************************

I don't know what to believe about how much gold is out there above ground, refined, and hidden in caves, vaults, etc.  Apparently it could be anywhere between 160,000 tons and "millions of tons". 

Is there just as wide of a discrepency regarding how much physical silver is above ground???  If there really are millions of tons of gold that will someday be released to the world to cover all this corrupt banker debt then that's not going to go very well for those who mostly hold only physical gold, right?  It will dilute the value quite substantially and destroy quite a lot of that perceived wealth in what would become a not very rare metal but all of a sudden a rather common one, right?

But we do all know that silver is destroyed in massive amounts year over year industrially, correct?  It's existence is quickly becoming more and more rare and much more harder and expensive to extract and refine, correct? 

I don't know how much is out there, but if it's going to be continually destroyed and harder to come by while gold on the other hand could potentially become as common as an aluminum can (so to speak), then I'd much rather have my stash consist mostly of physical silver.

But even if the world never does eventually see millions of tons of gold, I still think silver will take a place much more closely to gold in value due to those fundamentals of being used up industrially while still being considered a monetary metal accepted world-wide.

The "GSR" is now around 60:1 (60 ounces of silver worth 1 ounce of gold in dollar terms).  That's historically very high but has been falling.  Only a few times in history has the GSR been much higher...a few times around 100:1, but then it quickly came down very low to more closely near the historical "traditional" ratio of somewhere between 12:1 and 20:1. 

I think we'll see that ratio again within the next few years as silver rises much higher in value on a greater percentage basis compared to gold at the same time. 

Given that theory or assumption, I'm mostly sticking with phyzz silver for the long haul...I've hopefully got a lot of years left in me being only 42, and I'm fairly sure that silver (as well as gold) in some ways are definitely going to outlast the fiat system (especially the current type of fiat U.S. Federal Reserve Note), and a new monetary system based on silver and gold will eventually be instituted in some way, shape, or form that will hopefully benefit those of us who have put a lot of faith in physical silver or gold no matter how much of it actually exists around the world.

So I'll continue to say, "Keep stackin', folks!"...silver is on sale yet again today so get your phyzz now while you still can and trade in that worthless fiat!!!

 

 

 

Thu, 02/27/2014 - 10:49 | 4484310 Cacete de Ouro
Cacete de Ouro's picture

Bix Weir is nuts. Fekete is supposedly a nut job. Karen Hudes looks like she has had a mental breakdown.

Come back to me with some credible sources for anything

Thu, 02/27/2014 - 02:37 | 4483631 ConfederateH
ConfederateH's picture

In that Hunter interview Hudes first says there is 170k tons in the bank of hawaii.  Then she contradicts herself and says that there is a certificate in the bank of hawaii that represensts the physical gold in the philipines stored there by marco for the Bank.  Hudes is a quack.

Thu, 02/27/2014 - 07:32 | 4483808 aphlaque_duck
aphlaque_duck's picture

could be both

Thu, 02/27/2014 - 05:21 | 4483741 The wheels on t...
The wheels on the bus are going to fall off's picture

Hudes lost me a little bit when she declared that Obama has been compromised because Michelle Obama was caught in a hunny trap, this subsequently controls what Obama does, otherwise it hits the mainstream.......i doubt this is true......

I am not convinced on all of her stories, i think some of her sources are suspect but some of her statements are obviously through experience.

 

Thu, 02/27/2014 - 07:31 | 4483806 aphlaque_duck
aphlaque_duck's picture

She's a little bit of James Taggart, when he figures it out at the end... Hudes wants what's best for people, but she's a socialist at heart and has been amongst planners her whole career. She's seen the reality of it, but still believes there's an ideal plan if we can just put the right people in charge. I don't care if her mind is still broken - if she will substantiate her claims then I'm eager to learn what's going on. The pieces basically fit so far.

Wed, 02/26/2014 - 23:59 | 4483409 cynicalskeptic
cynicalskeptic's picture

Yamashita's treasure?     Where did all THAT end up?

 

Thu, 02/27/2014 - 01:46 | 4483581 jimmytorpedo
jimmytorpedo's picture

Buried in the Philipines with the Nazi gold.

At least the part that Imelda didn't spend on shoes apparently.

Thu, 02/27/2014 - 10:49 | 4484311 Save_America1st
Save_America1st's picture

@cynicalskeptic re: Yamashita's gold

Bix Weir has a bunch of theories on his site about not just Yamashita's gold but many others as well:

 

https://www.roadtoroota.com/public/181.cfm

 

HERE ARE MY FAVORITE GOLD SECRETS

Probably the most famous secret gold stash is the "Nazi Gold" that was confiscated from Hitler after WW2. Hitler plundered many European nations of their gold as well as countless individuals. Nobody knows the actual figures but estimates are in the 2,000-50,000 ton range much of which has been used secretly by the military industrial complex and banking cabal to fund their dirty operations. Information and theories on what happened to the Nazi Gold can be found all over the internet...some sites present clearly fanciful theories but others are loaded with facts, figures and motives that are very believable.

http://www.bibliotecapleyades.net/sociopolitica/esp_sociopol_gold02a.htm

Another golden stash of even greater volume is Yamashita's Gold that was plundered by the Japanese for decades from conquered Asian countries. In order to hide the gold from the US it was hidden in caves in the Philippines but the US found the gold and it has been using it to fund covert operations ever since. This secret gold stash is claimed to be in the 100,000-300,000+ ton range but again nobody really knows. The Sterling and Peggy Seagrave book Gold Warriors gives a detailed account of this gigantic treasure. They also have mountains of documentation backing up their claims of the existence of this secret gold stash and the ramifications are stunning.

Listen closely to this interview with Sterling Seagrave and you will understand:

http://www.redicecreations.com/radio/2012/09/RIR-120920.php

Imagine the implications if this secret gold stash was ever to be made "officially" public. The price of gold would likely crash (although only briefly) and then, once the world understood the reasoning behind hiding this treasure, every country and investor in the world would try to get their hands on some gold. In the aftermath of the market chaos the world would want answers as to where the gold was sold, who got the money, who covered it up, who has it now, who does the gold legally belong to and why is gold so important. All are very, very good questions but the answers would implicate some of the most powerful people in the world. The covert use of Yamashita's gold has changed the world in the last 70 years and when disclosed to the public it will change it again.

http://en.wikipedia.org/wiki/Yamashita%27s_gold

A third is the rumored Chinese Imperial Gold that Benjamin Fulford has claimed to have knowledge of. This treasure is so vast that Fulford's contacts has put the total of above ground physical gold in the world closer to 1,000,000 tons instead of the official number of 160,000 tons. The basic fact is that Eastern countries have coveted gold for centuries and it makes sense that most of the gold ever mined in the world is located somewhere in Asia. Even today, India imports around 33% of all the gold mined in the world and have been the largest gold importer for years.

Maybe the largest unknown store of physical gold in the world is the Vatican Gold. For nearly two thousand years the church has been hoarding gold gained from wars and conquests in the name of God. Throughout the ages people have been shoveling vast amounts of gold into the collection trays every Sunday. The Vatican gold hoard is a closely guarded secret but I believe that it may be the largest collection in history if you take into account all the gold used in the artwork, crosses, trinkets, coins and cups owned by the church. The Vatican is all about privacy, secrecy and power and I guarantee you they know the true value of gold.

These are just some of the above ground Secret Gold Stashes that may be out there. When I add it all up and do some "conspiratorial guess work" I come up with a vast store of gold in the neighborhood of 1.5M tons of above ground gold or 10x the gold supply "accepted" in the mainstream gold markets.

Of course this may be very far off...both to the upside or the downside. The point is that the "Accepted" above ground gold numbers are completely dismissing the vast hoards of secret gold that are both rumored to be circulating and/or are very well documented as fact.

Dispute it all you want…the truth is that YOU DON'T KNOW EITHER!

Moving on to what is under our feet...

SECRET BELOW GROUND STASHES

Here's where it gets a little tricky. The largest gold mine in the world is reported to be the Grasberg Mine in Indonesia with estimated reserves of 1,250 tons of gold (40M oz). According to USGS the total economically mineable gold reserves in the world is only 100,000 tons. And of that the USA only holds about 5,500 tons...or do we?

USA Natural Reserves Policy

Since the early 1900's the United States of America has had a hidden agenda when it comes to scarce natural resources and that has been to "use the rest of the world's natural resources first"! The United States has found vast reserves of almost all highly desirable natural resources including oil, gold, silver, copper, etc. What the USA doesn't do is exploit their own resources. We cleverly disguise these national treasures in Wildlife Preserves, Ecologically Sensitive Areas, National Parks, Offshore No-Drill Zones and Military Bases.

Nowhere is it more obvious than in the US consumption of foreign oil. Our oil policy (divide, conquer and steal oil) has been the focus of the world's hatred of the United States for decades. We go to war under false pretenses in order to gain access to oil reserves but the US actually holds some of the largest oil reserves ever found! I discuss this in this article:

The Oil Con http://www.roadtoroota.com/public/141.cfm

Basically, we knew that one day the fiat money system would end in massive fraud and failure causing the end of all trade with the lying, cheating deceitful country that debouched the currency. Why not use everybody else's natural resources first and hide your own for the future when the world no longer accepts paper money for hard commodities? Although it may have seemed like a very ingenious plan, history will likely show that the "blow-back" created from it's implementation has caused more harm than good.

So these are my two favorite monster gold deposits hidden by the US Government for that rainy day when the world no longer accepted our paper money.

#1 Chocolate Mountain Military Base/Desert Wildlife Reserve

Back in 1994 California Senator Dianne Feinstein orchestrated a very controversial take over of one of the largest gold deposits in the world in the Chocolate Mountains of California.

Karen-lee Bixman (no relation:-) exposes this takeover in her article "The Great Gold Heist".

http://www.uhuh.com/1calfraud/stacks/bixman.htm

Donald Fife, spokesman for the National Association of Mining Districts, said of the heist "The 103rd Congress managed to accommodate more than a gang of train robbers could achieve in a lifetime when they approved the Desert Wilderness Protection Act." Fife was commenting on recent information that indicates tens of billions of dollars in gold deposits and huge real estate swindles may be the motivating factors behind the act."

"Unbeknownst to the public, inside the range is the world's richest gold rift zone. Geologists estimate that the gold contained in this zone is worth between $40 to $100 billion. These are surface gold deposits which are more profitable to mine than the one-mile deep gold deposits in South Africa."

"The Mesquite gold mine is one of the top ten mines in the United States and has some of the most profitable gold deposits of any mine in the world. To the north is the Chocolate Mountain gunnery range. The Mesquite open pit gold mine literally stops at the fence that borders the gunnery range."

"Engineers allege that in 1981 and 1982, Consolidated Goldfields, which owned the mine at the time, illegally drilled into the gunnery range area to determine the composition of the ore body. The samples proved to be of high quality. According to these same engineers, beginning in the mid-1980s, military helicopters brought high ranking military officers, Congressmen and Senators to the area to examine these large gold deposits. Congressman Bruce Vento (D-Minn.) was one of several congressmen and senators who participated in these highly secretive trips."

According to Wikipedia: The mountain range is home to the Chocolate Mountain Aerial Gunnery Range, an aerial and gunnery practice area used by the Navy and Marines. A large part of the Chocolate Mountains lie within the gunnery range, and are off-limits to the public. Indeed, areas near the mountains can be dangerous--in one instance, two jet pilots practicing dropping empty bombs overshot the gunnery range and bombed a public campground north of the mountains, injuring one man.

Clearly, there is something very valuable to protect in those mountains!

And this brings me to my last and probably the most amazing story of hidden gold (if true).

# 2 The Grand Canyon National Park...King Solomon's Mines or El Dorado?

In the late 1800's and early 1900's crazy rumors started floating around the Southwest United States about Egyptian cities being found at the northern end of the Grand Canyon. The story went that while traveling down the Colorado River an explorer discovered a secret cave that was filled with egyptian artifacts, texts and ruins. In 1909, an article was written about the find in the Arizona Gazette:

http://www.crystalinks.com/gc_egyptconnection.html

Continuing down this path there is a very interesting book called "Lost Cities of North and Central America" by David Hatcher Childress that discusses this lost city. Listen to this YouTube interview with him as he discusses a very interesting theory that the Grand Canyon may be the site of the famed King Solomon Mines. The interview can be heard here:

Following this train of thought I found this article in the New York Times written on June 19, 1912...just a year before the Federal Reserve Act was established:

http://query.nytimes.com/mem/archive-free/pdf?_r=2&res=940DE7D71F31E233A2575AC1A9609C946396D6CF

Ok. It's a lot of speculation and sounds unbelievably fanciful...but might it be true? Could the Grand Canyon hold the motherload of all gold deposits and the Powers-That-Be have been hiding this secret all these years. Is this the missing piece of the gigantic gold manipulation puzzle? Let's dig deeper.

In my Original Road to Roota Article there was one part of the story that I was never able to fully decipher. It had to do with Roota finding the colored flowers in some mysterious caves.

http://www.roadtoroota.com/public/120.cfm

Roota's Grandma (who represents ex Fed Chairman Arthur Burns who was Alan Greenspan's mentor) says to Roota "Some people say you can get there through the caves near Cobblestone Canyon". Could "Cobblestone Canyon" be referring to this Colorado Canyon where they supposedly found "vast riches of gold" the year before the Federal Reserve was established?

In the Fed Comic "Wishes and Rainbows" Roota went looking for "colored flowers" in a place called "Cobblestone Canyon" where she found vast riches. So much so that she was able to supply all the people of Pebbleton with "many colored flowers each" (ounces of gold).

http://www.bos.frb.org/education/pubs/wishes.pdf

Originally, there was not enough for one flower each but over time Roota found many openings which supplied many colored flowers to the Pebble People. The population of the United States is around 300M people so a find with "many colored flowers" may well reach the Billions of ounces that the 1909 article talks about.

Also, could these mines be behind the gold illustrations in the Fed Boston release "Banking Basics"?

http://www.bos.frb.org/education/pubs/banking2.pdf

It looks here like the girl is cashing in about 20 oz of gold for a small stack of bills. Can you see the gold price chart on the back wall of the bank teller?! If my math is correct 20 ounce x 300M citizens = 6B ounces that may be available if my Road to Roota theories are correct.


  

Still not convinced about the Grand Canyon Gold?

Many of you who follow the Gold Conspiracy angle will know that the Bush family is heavily involved in gold manipulation. Bush Sr. was even involved with the largest gold hedging/black gold laundering operation in the world... Barrick Mining. Would it surprise you to find out that Bush Jr. tried to secretly get into the Grand Canyon to mine some of that vast resource that the USA has hidden away for years? Read these:

http://www.ewg.org/news/news-releases/2008/10/27/bush-violates-law-protecting-grand-canyon-uranium-mining

http://www.ewg.org/news/news-releases/2009/05/06/confusion-grand-canyon

Ok. I can go around and around on this topic but if you are a major conspiracy bug like myself there are just too many connections. For those of you who can't make the leap that there are Egyptian treasures and gold hidden in the Grand Canyon can I ask you to do one more thing for me?

*** First fill out this form to get FREE weekly updates from the Road to Roota on the status of our return to a Gold/Silver Standard: Then reach your hand in your wallet and pull out a $1 bill, flip it over and LOOK AT THE PYRAMID ON THE LEFT SIDE!

Any other questions?

May the Road you choose be the Right Road

Bix Weir www.RoadtoRoota.com

Wed, 02/26/2014 - 22:43 | 4483190 RaiZH
RaiZH's picture

This just makes me want even moar !!!

Wed, 02/26/2014 - 22:42 | 4483191 lewietheparrot
lewietheparrot's picture

Get Banzai, please!

Wed, 02/26/2014 - 22:43 | 4483193 Rock On Roger
Rock On Roger's picture

Humans were bred to mine gold and we're still stacking on behalf of the gods.

Stack On

Thu, 02/27/2014 - 01:15 | 4483542 verbot
verbot's picture

a follower of the sumarian legends? i do wonder at how odd we are to earths other background fauna by comparison.. i would offer that the vedic text have a good story of an atomic bomb detonation told from a villages perspective that gives me pause as well as all the "vihmana" descriptions.. 

but the sumer culture was quite happy with being slaves of the gods by all accounts..

Wed, 02/26/2014 - 22:45 | 4483198 Hangfire
Hangfire's picture

Hmmmm, no mention of gold being the leading cause of boating accidents worldwide. 

Thu, 02/27/2014 - 10:52 | 4484317 Save_America1st
Save_America1st's picture

silver to!  I wonder what the gold to silver boating accident ratio is? 

Otherwise known as:  The "GSBAR".

Wed, 02/26/2014 - 22:51 | 4483218 FieldingMellish
FieldingMellish's picture

If the 200dma is passed @ $1305 then $1275 target. Might come a little short. From there, inverse H&S targets $1520. THAT is where the real test lies!

Thu, 02/27/2014 - 02:03 | 4483599 MeelionDollerBogus
MeelionDollerBogus's picture

all head-and-shoulders patterns fail all backtesting on all charts, not just gold fiat price charts. It's meaningless. THIS is real technical analysis:

http://flic.kr/p/f17z1s

http://flic.kr/p/f5bHkJ

http://scharts.co/1jEPpmy

 

http://flic.kr/p/kpoT2k slide 1 : regression (power) trend R2 = 0.98 USLV = silver 3.92 / 2364.56
http://flic.kr/p/kppK2Z slide 2 : projections with & without USLV ETF decay
http://flic.kr/p/kprn3f slide 3 : ETF decay on factor vs date, USLV & silver

Thu, 02/27/2014 - 02:44 | 4483637 Ulterior
Ulterior's picture

so you are considering going long in PM ETF's?

Thu, 02/27/2014 - 10:01 | 4484154 MeelionDollerBogus
MeelionDollerBogus's picture

indeed. It's time-frame sensitive. No matter the payout it's worthless in a currency collapse. If one believes the real collapse of paper money is too soon for this to work, don't do it. That's an exercise for the astute mathmetician & insider trader.

Wed, 02/26/2014 - 22:52 | 4483224 Bonapartist
Bonapartist's picture

Goldschlager enema

Wed, 02/26/2014 - 22:53 | 4483228 logicalman
logicalman's picture

It takes one hell of a printer to pump out the stuff!

http://www.smithsonianmag.com/science-nature/all-the-gold-in-the-univers...

Ctrl-P just doesn't cut it.

Thu, 02/27/2014 - 13:13 | 4485109 Schmuck Raker
Schmuck Raker's picture

+1 Interesting link, cheers.

Wed, 02/26/2014 - 22:57 | 4483239 Overfed
Overfed's picture

I like the idea of 12:1 silver/gold ratio.

Wed, 02/26/2014 - 22:57 | 4483241 satoshi123
satoshi123's picture

Bitcoin Foundation Turn's RAT on MT-GOX

bitcoin.org is the AIPAC lobbying arm to WASH-DC for BITCOIN

But now it gets really interesting as we now learn that BITCOIN FOUNDATION is a government front for FBI/CIA.

http://www.businessweek.com/news/2014-02-26/bitcoin-foundation-aided-new...

Thu, 02/27/2014 - 00:54 | 4483506 stacking12321
stacking12321's picture

satoshi, you have no credibility.

the link you posted does NOT back up any of the claims you made in your comment.

 

maybe i will give this game a try, too:

now it gets really interesting as we now learn that SATOSHI123 is really barney frank's gay lover.

http://www.forbes.com/sites/parmyolson/2014/02/19/exclusive-inside-story...

 

Thu, 02/27/2014 - 05:02 | 4483732 satoshi123
satoshi123's picture

BITFUCKED by Barney Franks BTC cock team?, even they cannot get your money back.

**

What can you do if you deposited bitcoins at Mt. Gox, which shuttered on Tuesday with little explanation? Probably not much.

Customers of the bitcoin exchange may have little chance of recovering their funds if they prove to be missing, legal and regulatory experts said.

Clients could file lawsuits, claiming negligence or breach of contract, but the virtual currency is subject to very little regulatory oversight and no government guarantees.

Japan-based Mt. Gox went dark on Tuesday, weeks after a spate of cyber attacks, leaving customers unable to access their accounts and underscoring the risks associated with bitcoins.

Bitcoins, which exist in electronic form, depend on a network of computers to solve complex mathematical problems in order to verify and record every transaction. Investors deposit their bitcoins in digital "wallets" at various exchanges; Mt. Gox had been the largest as recently as February 7, when it and other exchanges were forced to halt withdrawals following several cyber attacks.

Unlike bank accounts in the United States, bitcoin deposits have no government-backed insurance. Instead, customers would have the same avenues of legal redress as anyone who entrusted property to an institution that failed to keep it protected, such as negligence, breach of contract or even fraud, said James Grimmelmann, a professor at the University of Maryland who focuses on Internet law.

"To me, the first really important conceptual hurdle to get over is that these things really are property," he said. "When you take money from the public and store it somewhere you claim is secure, you put property law in play."

If Mt. Gox has no assets, however, individual claims would fail to recover any funds, said Daniel Friedberg, a lawyer with Riddell Williams in Seattle who specializes in financial regulatory matters.

"The practical reality is, even if you do get a judgment against Mt. Gox, do they have the ability to pay?" Friedberg said.

A document circulating online that purports to be a crisis plan for Mt. Gox indicated that the exchange had $174 million in liabilities against $32.75 million in assets, though its veracity could not be confirmed.

The Tokyo-based Mt. Gox could also file for bankruptcy in Japan, leaving it up to a court to distribute any remaining assets to its creditors.

Thu, 02/27/2014 - 05:09 | 4483736 satoshi123
satoshi123's picture

Credibility from a BITCOIN pumper, now that is an oxymoron,

BITCOIN is 100% fraud,... but are they CREDIBLE?

 

Is bitcoin.org a AIPAC government lobby in WASH-DC? Yep, .. are they credible, ... yep if you like Cass Sunsteins cock in Obama's bathhouse arse.

Did Winkelvoss TURN rat on MT-GOX, fuck yes, ... will they do it again? Fuck yes.

A rat, a stooge, a pidgeon, a stool, a fink, they're all going to be somebodys GIMP someday in the big house, ... where all frauds end up.

Wed, 02/26/2014 - 22:58 | 4483246 quasimodo
quasimodo's picture

"The most sought after metal on earth"

Also explains why it(and silver) are the most manipulated on earth

Wed, 02/26/2014 - 23:02 | 4483257 satoshi123
satoshi123's picture

Paper GOLD which is NOT gold is manipulated.

*

Real GOLD is not manipulated, only greed and fear can manipulate the price of real physical gold.

*

Sure paper-gold is manipulated, just like BITCOIN price is manipulated, anything that can be pulled out your ass can be manipulated, cuz you can control supply and demand.

Thu, 02/27/2014 - 00:20 | 4483448 deflator
deflator's picture

+1000

Thu, 02/27/2014 - 02:48 | 4483643 Ulterior
Ulterior's picture

what is the price of physical in the world today? can we gamble on real physical price vs paper price ?

Thu, 02/27/2014 - 05:06 | 4483733 satoshi123
satoshi123's picture

People only 'gamble' with paper-gold, and the ROI is a fools game.

When you buy paper your buying BTC, ...

When you BUY phys-gold your investing, or buy insurance, when you buy paper gold or ETN/EFN GOLD "GLD", your buyinng a BITCOIN PROMISE.

When you BUY physical gold, its not a gamble, as its impossible to lose, unless your an idiot.

If you buy BTC or paper-gold, getting fucked is only a matter of time.

Thu, 02/27/2014 - 06:10 | 4483768 Ulterior
Ulterior's picture

since you didnt answer my question, you assume, that physical price = paper price, am I right?

Wed, 02/26/2014 - 23:05 | 4483264 logicalman
logicalman's picture

The fact that they are being massively manipulated is a clue as to how UNimportant they are.

Wed, 02/26/2014 - 23:11 | 4483285 whatthecurtains
whatthecurtains's picture

I have dreams I am Goldfinger with Pussy Galore.

Thu, 02/27/2014 - 11:05 | 4484369 Woodhippie
Woodhippie's picture

+1 for just writing "Pussy Galore".

 

You just gotta love the Bond chicks's names.

Octopussy

Holly Goodhead

 

Wed, 02/26/2014 - 23:16 | 4483301 Tinky
Tinky's picture

Reminiscent of the long, storied history of Bitcoin.

Wed, 02/26/2014 - 23:19 | 4483308 Stuck on Zero
Stuck on Zero's picture

Nixon didn't end the convertibility of dollars into gold.  He simply left the government out of the conversion and into private parties.

 

Wed, 02/26/2014 - 23:24 | 4483313 Joebloinvestor
Joebloinvestor's picture

Thery forgot to add this:

You need gold to make a fission based nuke.

It surrounds the "pit" and keeps it from oxidizing, insuring a successful blast.

Wed, 02/26/2014 - 23:48 | 4483380 johnQpublic
johnQpublic's picture

+1 for the education

Thu, 02/27/2014 - 00:42 | 4483487 Joebloinvestor
Wed, 02/26/2014 - 23:44 | 4483365 Lordflin
Lordflin's picture

Yes, but now it is a barbarous relic mostly made of paper...

Thu, 02/27/2014 - 00:19 | 4483445 Lordflin
Lordflin's picture

Hmmm.... did not think I needed to point out this was intended sarcasm... Perhaps I am losing my touch.

Wed, 02/26/2014 - 23:49 | 4483383 22winmag
22winmag's picture

I love stacking, but I prefer not to bomb, burglarize, or impoverish my neighbor to do it.

Wed, 02/26/2014 - 23:51 | 4483385 cynicalskeptic
cynicalskeptic's picture

Food for thought

Regarding that gold coin hoard found in California.  Reports say it consisted of 1400 $20 double eagles, 50 $10 coins and 4 $5 coins.  

 

Face value of the coins is $28,520    $1 bought .0484 oz. of gold when these coins were minted.

Note: The '$10 million' value reported in the news is numismatic - many of the coins found are rarely seen in very good condition


GOLD melt value for those 1379 oz. is over $1.8 MILLION at today's prices    $1 today buys only .0007517 oz of gold

so... $1 today buys 1/64th of what it did when that hoard was buried    

At $1900 per ounce (aprox the 8/11 price) Gold Melt value would be over $2.6 million    $1 would buy only .0005263 oz of gold at this price  - 1/92nd of what it would have bought when the hoard was buried - this is close to the rate of inflation reported over the last 100 years and perhaps an indication of how the price of gold has been manipulated to lower than what it would be if left to the free market.  

At even the manipulated price, gold has retained a substantial amount of its buying power over the course of the last 100 years.

 

It would take 100 years of 4.2% compounded interest (paid monthly) for that $28,520 to reach its present gold bullion value of $1.8 million (and 4.5% to reach a value of $2.6 million - the $1900 an ounce value) 

You can make a number of arguments on this all - inflation has not been as bad as some say.... that money might have been better put to use in 'investments'.........

or you can ask what $1.8 million in cash will buy in another 100 years - or what 1379 ounces of gold will be worth in another 100 years..........

Thu, 02/27/2014 - 00:06 | 4483422 Bonapartist
Bonapartist's picture

the people that found that need to have their head checked for making it (semi)-public

Thu, 02/27/2014 - 01:07 | 4483528 Real Estate Geek
Real Estate Geek's picture

The vultures are already circling.

http://www.dailymail.co.uk/news/article-2568952/Could-newly-discovered-g...

(Contains good info on Treasure Trove laws.)

Thu, 02/27/2014 - 00:22 | 4483452 rehypothecator
rehypothecator's picture

On the other hand, some of those coins are in mint-state conditions, and in some cases set the new records for the finest specimens of those particular dates that are now known.  So it would be idiotic to melt the coins; their numismatic value is perhaps closer to $10 million and might be multiples of that.  We'll soon see as most of the coins will be auctioned off. It would take >6% compounded annual interest rate for 100 years to get $28520 to become $10 million.  

Thu, 02/27/2014 - 00:43 | 4483489 mademesmile
mademesmile's picture

My dad was drooling when he saw those pictures of the coins in the rusty can. Very, very, pretty. I don't think paper will be worth much 150 years from now. True wealth = gold savings.

Thu, 02/27/2014 - 02:52 | 4483647 Ulterior
Ulterior's picture

lol, by saying savings you assume it will be spent some day. Who in their right minds separate with their gold?

Thu, 02/27/2014 - 02:39 | 4483634 Ban KKiller
Ban KKiller's picture

Silver beaches...

Thu, 02/27/2014 - 03:25 | 4483678 mt paul
mt paul's picture

now all they have to do

is figure how somebody

sunk their boat up there...

Thu, 02/27/2014 - 05:26 | 4483746 The wheels on t...
The wheels on the bus are going to fall off's picture

Great post!

Thu, 02/27/2014 - 06:42 | 4483777 Reptil
Reptil's picture

THIS JUST IN FROM GATA:

The Financial Times' Monday report about a study concluding that the daily London gold price fixing is manipulated probably half the time was deliberately removed from the newspaper's Internet site by the newspaper's editorial staff and did not vanish because of any programming glitch.

The confirmation has come from the newspaper's customer service department in reply to inquiries from readers. While the newspaper has not yet answered further inquiries seeking an explanation for the action, it would hardly surprise close followers of the gold market who read the Financial Times to be told that the newspaper's publishing the story in its newsprint edition was itself a mistake, since the FT seems to have a policy against acknowledging gold market manipulation and against reporting anything that might discomfort bullion banks or Western central banks that trade surreptitiously in gold.

Fortunately, the FT story in question, quickly called to your attention by GATA on Sunday night U.S. Eastern time, has been captured by the Google Internet archive here:

http://tinyurl.com/kz542fc

the article:

February 23, 2014 8:19 am
Gold price rigging fears put investors on alert
By Madison Marriage

High quality global journalism requires investment. Please share this article with others using the link below, do not cut & paste the article. See our Ts&Cs and Copyright Policy for more detail. Email ftsales.support@ft.com to buy additional rights. http://www.ft.com/cms/s/0/d5e00172-9b14-11e3-946b-00144feab7de.html#ixzz...

Global gold prices may have been manipulated on 50 per cent of occasions between January 2010 and December 2013, according to analysis by Fideres, a consultancy.
The findings come amid a probe by German and UK regulators into alleged manipulation of the gold price, which is set twice a day by Deutsche Bank, HSBC, Barclays, Bank of Nova Scotia and Société Générale in a process known as the “London gold fixing”.
High quality global journalism requires investment. Please share this article with others using the link below, do not cut & paste the article. See our Ts&Cs and Copyright Policy for more detail. Email ftsales.support@ft.com to buy additional rights. http://www.ft.com/cms/s/0/d5e00172-9b14-11e3-946b-00144feab7de.html#ixzz...

Fideres’ research found the gold price frequently climbs (or falls) once a twice-daily conference call between the five banks begins, peaks (or troughs) almost exactly as the call ends and then experiences a sharp reversal, a pattern it alleged may be evidence of “collusive behaviour”.
“[This] is indicative of panel banks pushing the gold price upwards on the basis of a strategy that was likely predetermined before the start of the call in order to benefit their existing positions or pending orders,” Fideres concluded.
“The behaviour of the gold price is very suspicious in 50 per cent of cases. This is not something you would expect to see if you take into account normal market factors,“ said Alberto Thomas, a partner at Fideres.
Alasdair Macleod, head of research at GoldMoney, a dealer in physical gold, added: “When the banks fix the price, the advantage they have is that they know what orders they have in the pocket. There is a possibility that they are gaming the system.”
Pension funds, hedge funds, commodity trading advisers and futures traders are most likely to have suffered losses as a result, according to Mr Thomas, who said that many of these groups were “definitely ready” to file lawsuits.
Daniel Brockett, a partner at law firm Quinn Emanuel, also said he had spoken to several investors concerned about potential losses.
“It is fair to say that economic work suggests there are certain days when [the five banks] are not only tipping their clients off, but also colluding with one another,” he said.
Matt Johnson, head of distribution at ETF Securities, one of the largest providers of exchange traded products, said that if gold price collusion is proven, “investors in products with an expiry price based around the fixing could have been badly impacted”.
Gregory Asciolla, a partner at Labaton Sucharow, a US law firm, added: “There are certainly good reasons for investors to be concerned. They are paying close attention to this and if the investigations go somewhere, it would not surprise me if there were lawsuits filed around the world.”
All five banks declined to comment on the findings, which come amid growing regulatory scrutiny of gold and precious metal benchmarks.
BaFin, the German regulator, has launched an investigation into gold-price manipulation and demanded documents from Deutsche Bank. The bank last month decided to end its role in gold and silver pricing. The UK’s Financial Conduct Authority is also examining how the price of gold and other precious metals is set as part of a wider probe into benchmark manipulation following findings of wrongdoing with respect to Libor and similar allegations with respect to the foreign exchange market.
The US Commodity Futures Trading Commission has reportedly held private meetings to discuss gold manipulation, but declined to confirm or deny that an investigation was ongoing.

Thu, 02/27/2014 - 07:20 | 4483796 fijisailor
fijisailor's picture

Satoshi is a thread hijacking bot.  Do not feed it.

Thu, 02/27/2014 - 07:21 | 4483797 Warrior85
Warrior85's picture

Gold will become much more popular the coming years. When the public sees the goldprice rise to new records.

http://www.goudbelegger.com/index.php/goudprijs

Thu, 02/27/2014 - 07:35 | 4483809 medium giraffe
medium giraffe's picture

Please don't shoot me, but I wish we had a better store of value than Au.  Mining that shit is probably one of the most enviromentally destructive operations we can pull.  I'm not likely to be attacked by the Japanese whilst sailing about on a Greenpeace boat, but I'm acutely aware of us only having one lump of rock to live on at present.

Thu, 02/27/2014 - 07:42 | 4483817 Ghordius
Ghordius's picture

BANG! simple: there is no reason why gold mining could not be banned, world-wide, because of it's enviromental impact. now that would be a "globalist" scheme that could have some appeal for "gold-bugs"

Thu, 02/27/2014 - 11:05 | 4484370 LibertyBear
LibertyBear's picture

Is Gold more "Money" or is Silver more "Money." What about Platinum and Palladium? Which is the REAL money, and why.

What do you think?

Thu, 02/27/2014 - 11:29 | 4484489 kw2012
kw2012's picture

double posted somehow

Thu, 02/27/2014 - 11:25 | 4484490 kw2012
kw2012's picture

I thought about this the other day.

If every American had just 12 ounces of gold to conduct whatever bartering needed to be accomplished. That would be 124,000 TONS of gold. And according to the article that's nearly 70% of the entire amount of gold in the world.  Given that, it doesn't seem like Gold would be a very efficient trading mechanism. You might be able to buy a few head of cattle with a one ounce coin, but what about everyday goods like bread? horseshoes? clothing? butter? ammo?

Thu, 02/27/2014 - 11:30 | 4484516 RabbitChow
RabbitChow's picture

It will be more like you use that one ounce of gold to buy a .50 BMG, point it at the folks with the butter, ammo, clothing, horseshoes, and bread, and tell them to hand it over.

Fri, 02/28/2014 - 01:52 | 4487841 stacking12321
stacking12321's picture

how did you develop your criminal tendencies, rabbitchow?

were you abused as a child?

Fri, 02/28/2014 - 01:50 | 4487840 stacking12321
stacking12321's picture

if every american had 12 ounces? where did you come up with this number? and why are you stuck on ounces? that's not very useful for small purchases.

make it grams. or milligrams if you need a finer medium of exchange. 1mg of gold is worth a bit under 5 cents.

valaurum makes "bills" made out of 1/20th gram of gold:

http://www.peakprosperity.com/podcast/84359/new-way-hold-gold

 

Thu, 02/27/2014 - 11:28 | 4484502 RabbitChow
RabbitChow's picture

Well, now that WW III has been declared, expect a super slam down on the barbaric relic in the next day or two.

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