The Secret World Of Gold

Tyler Durden's picture

In light of the Chinese demand we discussed earlier, the ongoing manipulation of 'rigged' markets everywhere, and rising geopolitical tensions (as the de-escalation continues), we thought it worth dusting off this excellent  and wide-ranging look at the history and present of the barbarous relic, gathering many perspectives (pro and con) on gold.

The following documentary moves from historical shipwrecks to Nazi 'death gold' and England's war chest to recent years where widespread economic uncertainty has given the yellow metal a "new luster in the world of high finance." Valued for its permanence, beauty and scarcity, people will lie, cheat, steal and kill in the name of gold; and the clip provides color on many of the market manipulations of the last few years. As MacDonald says, whether it’s a few gold coins or gold bars stored in one of the many vaults around the world, many investors are taking a shine to gold. But there’s not a lot of it. It is said that, even melted down, there would not be enough to fill an Olympic swimming pool. Some claim that much of the gold held by the Bank of Canada, the Bank of England, the Federal Reserve and Fort Knox is gone - that for every 100 ounces of gold traded, there exists only one ounce of real, physical gold. So, where is the gold - and who really owns it?

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Reaper's picture

Who owns the gold? Those who hold the physical and can keep it safe from others.

knukles's picture

We could all just sign up for ObamaCare and forget the precious metals.

SoberOne's picture

Illustrious gold chooses its owners and flows accordingly. 

strannick's picture

You have to choose between trusting to the natural stability of gold or the honesty and intelligence of the members of the Government.

TheEndIsNear's picture

That's a sucker bet. The words honesty and intelligence do not belong in any sentence with the word government in it.

DoChenRollingBearing's picture

 

 

Thank you Tyler(s) for posting this!  

We just got back from errands.  I willl watch the video and comment later, other than mentioning:

Gold, fishez!

DoChenRollingBearing's picture

 

 

20 minutes or so in...

Fuck Spain, that gold belongs to Peru.

Shame on the US courts.

Soul Glow's picture

One of the greatest books I've read wrote about how conquistadors would float into the east of Sur America, look left then right long enough to gather 20 slaves, then go headlong into the jungle where most would die and those who made it out with 1 ounce of gold would feel triumphant.

Mining techiniques do imaginable things, yet let's ask, how much low hanging fruit (ie gold) is there?

Good luck getting gold post financially collapse - and yes, it is about to collapse.

Oh but you have been hearing about collapse since the 70's?  Oil production was flat from Q4 '13 to Q1 '14, and guess what, the MSM is trumpeting ever increasing supplies.  Try getting gold without oil, and then feel like a conquistador!

GetZeeGold's picture

 

 

I put all my gold on the S.S. Minnow for a three hour tour.....never saw it again.

 

This will self destruct in 60 seconds....and I was never here.

http://www.youtube.com/watch?v=zlMmXw_Beo0

 

If Germany calls......tell them I'm out of the office.

CoonT's picture

DCRB dropping F-bombs...what is the world coming to? LOL! Just never thought I'd see the day...rocked my world right there

DoChenRollingBearing's picture

Well, I was momentarily pissed off about Spain stealing Peru's gold, again....  And the US helped them.

Keyser's picture

Illustrious gold chooses its owners and flows accordingly. 

Oh contrare, gold flows to countries with trade surplus', flowing from those with trade deficits. 

holdbuysell's picture

And that's exactly what has been happening...gold flowing from West to East.

And the hoi polloi in the West have been lolled by the Sirens' Song of the elite once again to ignore what really matters and is happening in the background.

Dexter Morgan's picture

Agreed.  White domination of world banking became strong with industrial age in England then US.  US outproduced everybody when the economy was relatively free and government was small.  Creation of paper money seals the eventual endgame, with prolducer countries collecting all the gold, then creating their own new system.  Wash and repeat.  White banking dominance will shift to the producers who collect the gold, which is China.  Then we find out what things are really worth, in particular, US Treasurys.  Historically it was often two countries who would fight the largest, e.g. Greece/Rome/Carthage.

The only question is:  Does a world war happen in the meantime.

Am I right or am I wrong?  Or am I just high?

Keyser's picture

No, you are correct.  These events are proof that the human species is not that far removed from swinging in the trees as we continue to repeat the same mistakes over and over again down through the ages. The hubris of the west is unconscionable as they have intentionally taken us down this path, again. And yes, war is the great equalizer. Destruction of infrastructure ensure spending (debt) programs to rebuild and colonize the locals. i.e. Iraq, Libya, Egypt, Iran. The US is not as good at colonizing as the Brits were. It all goes back to the Keynesian / Fiat expansion of debt to fuel society.  

caShOnlY's picture

who needs gold when you have the US FEDERAL RESERVE creating as much REAL MONEY as you need?  It is a wonderful cycle whereby we buy goods from China and China then buys shiny rocks from us!!  what a hoot!!  American's do not realize how lucky they are that the FED has their backs!  They have no worries at all while they go on racking up debt on lovely gifts for themselves!  The world copy's us as proven by Europe, Japan, UK, Canada, etc... using the same the monetary strategy.  Look at how many Canadians today are heading south to the retail mecca of the universe to go on exclusive weeklong shopping trips to many malls while driving their brand new cars.  While here they are surprised to find they are encouraged to open credit accounts at these retailers!!  Nothing surprising, just good ol' merican financial innovation!

In 'merika they have also eliminated "income discrimination" in the US:  I was surprised to learn first hand that people with no real income other than government handouts are able to attain credit cards.  They too are able to purchase lovely items for themselves.   No wonder so many want to come to live in 'merika' for a better life. 

Just give it a little time and 'merika will come up with a plan to offload all those new vehicles sitting in DEAD shoppng mall lots.  The FED has our backs!!

sarc/off

 

Snidley Whipsnae's picture

I just watched a History Channel documentary on gold. Actually it was a ton of commercials with a few sound bites of gold commentary intersperced.

On a scale of 1 - 10 I would rate it as horseshit.

They seemed more interested in 'possible tunnels' connecting JPM vaults to Fed vaults than any real history of gold.

HC should stick to flying saucers and leave the story of gold to some that know what they are talking about.

Keyser's picture

What do you expect when they have to cram 100+ hours of content into 46 minutes of air time? If you have any interest, you would use this as a primer to do your own research. Lot's of info available from Mike Malone and James Rickard on the net.  

Soul Glow's picture

Good point.  Who needs intelligence when one has a medium of exchange that can be used universally.

El Oregonian's picture

GOLD! Is good for this earth! And GOD! Is good for the next!

Glorious Resurrection Day!!! For He has already Risen!!!

DoChenRollingBearing's picture

I have no problem with building treasures on Earth.

But far more important is building treasures in Heaven.

Soul Glow's picture

And it is on earth that the treasures of heaven are built.

- Soul GLow 1:21

Rock On Roger's picture

There is no heaven,

It just turns black.

 

Stack On

Keyser's picture

There is an afterlife where your soul goes for judgement, but I find it amusing that Christians construe this phase of conscienousness expansion relates to some religious event. Spiritual yes, religious no. Religion is a construct of man used to control the masses. Nothing more, nothing less. All one has to do is study theology long enough to realize that there are over 5400+ separate deities worshipped on the planet today, some gong back 10,000+ years. All this proves is that man's pysche requires a "master" to which to bow. Evolution is taking care of that, slowly but surely.  Apologies to those that are celebrating the Easter holiday, but no better time for a dose of reality. 

 

vato poco's picture

...and you *know* this stuff about the afterlife......how, exactly?

knukles's picture

Page 45, I believe, the purpose is to find....
Yes, indeed, the true prize.
A simple effective conscious contact.
The only prize.

remain calm's picture

So who really owns it?  I really own it, Where is it? It is not in the USA, really!

piceridu's picture

 

What gives? Strange this has gone main stream...
This just played on The History Channel last night..."America's Book Of Secrets: The Gold Conspiracy"...

http://www.history.com/shows/americas-book-of-secrets/episodes

knukles's picture

Betcha its all in that "mysterious" White House third floor storage area where the Rose Law Firm billing records for the Madison S&L were found.  Probably in the very same cardboard box.  All of it.  Every last ounce ever been mined in the hiostory of man.  

DoChenRollingBearing's picture

And the FIRST thing I wondered, Yen, is what he is buying...

Yen Cross's picture

 He's buying "time"  @ DoChenRollingBearing

  He's buying lost comments and wishfull thinking.  He's buying that last "I love you"   DoChenRollingBearing

  Thankfully I require 30 day terms/

DoChenRollingBearing's picture

We have to pay FAS terms (balance due at cargo ready), no credit!

fasTTcar's picture

http://www.bankofcanada.ca/rates/related/international-reserves/

The Bank of Canada only claims 124 Million in gold, so none to speak of there when you consider the change in total value of reserves was 469 million just last week.

Fort Knox however, claims to have a huge amount, enough to extinguish a good chunk of the debt if revalued from $42 / oz. which it is currently on the books at. 

So the real question is why don't they audit and revalue?

Bluntly Put's picture

That is the question, and I've never found a complete answer, but Rothbard says in the Mystery of Banking that when the fed was chartered part of their agreements with treasury was that if treasury defaulted on US debt that the fed could claim bullion from treasury in the amound of US debt it currently held on it's balance sheet.

So a lower book value of gold, the more gold they can claim in the event of a default. I have no idea if this is correct or not or if it's modified in the moving target they call the federal reserve act or what, but it's a plausible explanation.

litemine's picture

I don't think since they hold control they could get away with that.....

It's just me , and the others that own guns that also may want a say.

litemine's picture

To join the IMF currencies could not be backed by Gold.

Hoping Canada rebuys gold , sells their SDR's and tells Nato and the Imf to piss into the wind.

Tired of family fighting for others profit. WAKE UP>

 

 

Crash N. Burn's picture

"Fort Knox however, claims to have a huge amount, enough to extinguish a good chunk of the debt if revalued from $42 / oz. which it is currently on the books at. 

So the real question is why don't they audit and revalue?"

 

 Because Fort Knox gold is like Comex gold?

"Seeing Comex inventories suffer their most-dramatic declines in history at precisely the same time that GLD holdings suffered their most-dramatic declines in history was an extraordinary coincidence.

Seeing Comex inventories and GLD holdings cease their unprecedented collapses, pivot, and begin rising at precisely the same time is simply an obvious fraud. In legitimate markets; Comex inventories and ETF-holdings would always move in an inverse manner to each other. As more people bought GLD “gold”; inventories would fall. As more people sold GLD “gold”; Comex inventories would rise.

Instead, we see Comex inventories and GLD-holdings performing in this orchestrated fraud like a “synchronized swimming” duo. And it raises the equally obvious question: is there any real gold in the Comex’s supposed “inventories”, or are we now dealing with the same kind of “gold” that is claimed to be in Fort Knox (but which no one has seen in over 50 years)?

The total amount of “gold” supposedly held at the Comex is now roughly 8 million ounces. Total holdings of “gold” which GLD-holders think they own is over 25 million ounces. If we assume the same one-for-one fraud which the banksters have reported in the silver market; this would put total Comex inventories somewhere in excess of -17 million ounces of gold.

In other words, at some point in the past (perhaps the distant past) the Comex actually “defaulted” (at least in the technical sense) on its gold inventories. We’ve simply never heard of this default because of the serial lies/fraud of the bankers, and the see-no-evil, hear-no-evil, speak-no-evil complicity of the regulators and operators of these markets."

Phantom Gold Inventories: Has The Comex Already Defaulted?

 

Cognitive Dissonance's picture

There is an interesting theory that any Gold bought using debt based fiat dollars or any other debt based fiat currency is not actually owned by you and I since the currency used is not owned free and clear. This would of course also apply to anything you purchased using debt based fiat currency.

But 'owning' Gold threatens the system and 'owning' your home or other 'real' item does not. So pulling a fast one on the 'owners' of Gold bought with fake money might just be the ticket to confiscation.

Just sayin'

Yen Cross's picture

 Eloquent work on that (3-part) series C.O.G.

  Unfortunatly(sp) most  advisors are ?

Cognitive Dissonance's picture

Thank you. Part three will be posted on ZH tomorrow. (It is currently posted on www.TwoIceFloes.com) Then it's back to work setting fence posts for the greatly expanded garden area. Mrs. Cog mixes a mean batch of ready mix concrete and can out work any of you lazy dogs.  ;-)

Yen Cross's picture

  I think you're brilliant COG.   The best of the best>  I'm sure you converse with J.R.?

RockyRacoon's picture

Wouldn't take a lot to outwork this lazy coon... no disrespect to  Mrs. Cog.

knukles's picture

Now it's time for something completely different.
Mrs. K tells me there's (no joke, folks) a program on the Health or Discovery channel called something like "The Man with the 300 Pound Scrotum" 
So I'm going to excuse myself for the night and engege in something more uplifting than some Conspiracy Theroires about Gold Price manipulation.

That's pretty ballsy.... the gold price manipulation, I mean
Say goodnight knuks,,,,