This page has been archived and commenting is disabled.

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?

 

- advertisements -

Comment viewing options

Select your preferred way to display the comments and click "Save settings" to activate your changes.
Sat, 04/19/2014 - 21:32 | 4676458 Reaper
Reaper's picture

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

Sat, 04/19/2014 - 21:42 | 4676464 knukles
knukles's picture

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

Sat, 04/19/2014 - 21:44 | 4676469 linniepar
linniepar's picture

Illustrious gold chooses its owners and flows accordingly. 

Sat, 04/19/2014 - 21:47 | 4676471 strannick
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.

Sat, 04/19/2014 - 22:19 | 4676500 TheEndIsNear
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.

Sat, 04/19/2014 - 22:47 | 4676550 DoChenRollingBearing
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!

Sat, 04/19/2014 - 23:09 | 4676573 DoChenRollingBearing
DoChenRollingBearing's picture

 

 

20 minutes or so in...

Fuck Spain, that gold belongs to Peru.

Shame on the US courts.

Sat, 04/19/2014 - 23:32 | 4676598 Soul Glow
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!

Sat, 04/19/2014 - 23:43 | 4676614 Rusty Shorts
Rusty Shorts's picture
Gold Bullion Vault - Periodic Table of Videos

 

https://www.youtube.com/watch?v=CTtf5s2HFkA

Sun, 04/20/2014 - 00:15 | 4676648 Rusty Shorts
Sun, 04/20/2014 - 05:21 | 4676792 GetZeeGold
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.

Sun, 04/20/2014 - 13:41 | 4677492 CheapBastard
CheapBastard's picture

Andrew Gause's "The Secret World of Money" is an excellent read:

 

http://www.amazon.com/Secret-World-Money-Andrew-Gause/dp/0965658902

Sun, 04/20/2014 - 09:57 | 4677045 CoonT
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

Sun, 04/20/2014 - 13:12 | 4677425 DoChenRollingBearing
DoChenRollingBearing's picture

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

Sat, 04/19/2014 - 23:09 | 4676578 Keyser
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. 

Sat, 04/19/2014 - 23:38 | 4676608 holdbuysell
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.

Sun, 04/20/2014 - 00:59 | 4676677 Dexter Morgan
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?

Sun, 04/20/2014 - 09:47 | 4677009 Keyser
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.  

Sun, 04/20/2014 - 10:35 | 4677123 caShOnlY
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

 

Sat, 04/19/2014 - 23:28 | 4676594 Snidley Whipsnae
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.

Sun, 04/20/2014 - 09:52 | 4677033 Keyser
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.  

Sat, 04/19/2014 - 22:46 | 4676549 Soul Glow
Soul Glow's picture

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

Sat, 04/19/2014 - 23:02 | 4676569 El Oregonian
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!!!

Sat, 04/19/2014 - 23:38 | 4676609 DoChenRollingBearing
DoChenRollingBearing's picture

I have no problem with building treasures on Earth.

But far more important is building treasures in Heaven.

Sat, 04/19/2014 - 23:57 | 4676629 Soul Glow
Soul Glow's picture

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

- Soul GLow 1:21

Sun, 04/20/2014 - 00:22 | 4676655 Rock On Roger
Rock On Roger's picture

There is no heaven,

It just turns black.

 

Stack On

Sun, 04/20/2014 - 07:54 | 4676856 GetZeeGold
GetZeeGold's picture

 

 

You need to meet Trey Smith.

http://www.youtube.com/watch?v=Gjvuwne0RrE

Sun, 04/20/2014 - 10:00 | 4677052 Keyser
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. 

 

Thu, 05/01/2014 - 03:52 | 4715125 vato poco
vato poco's picture

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

Sun, 04/20/2014 - 00:39 | 4676665 knukles
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.

Sun, 04/20/2014 - 06:44 | 4676821 negative rates
negative rates's picture

The only one that can't exist in your world.

Sat, 04/19/2014 - 23:04 | 4676564 remain calm
remain calm's picture

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

Sun, 04/20/2014 - 10:33 | 4677116 piceridu
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

Sat, 04/19/2014 - 21:49 | 4676473 knukles
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.  

Sat, 04/19/2014 - 21:54 | 4676477 freewolf7
freewolf7's picture

Stack your relics.

Sun, 04/20/2014 - 06:41 | 4676819 negative rates
negative rates's picture

Fuck Obamacare!*

Sat, 04/19/2014 - 21:38 | 4676463 Yen Cross
Sat, 04/19/2014 - 22:48 | 4676553 DoChenRollingBearing
DoChenRollingBearing's picture

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

Sat, 04/19/2014 - 23:14 | 4676581 Yen Cross
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/

Sat, 04/19/2014 - 23:39 | 4676611 DoChenRollingBearing
DoChenRollingBearing's picture

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

Sat, 04/19/2014 - 22:14 | 4676475 fasTTcar
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?

Sun, 04/20/2014 - 00:05 | 4676635 Bluntly Put
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.

Sun, 04/20/2014 - 01:24 | 4676706 litemine
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.

Sun, 04/20/2014 - 01:01 | 4676686 litemine
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>

 

 

Sun, 04/20/2014 - 07:02 | 4676827 Crash N. Burn
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?

 

Sat, 04/19/2014 - 22:14 | 4676497 Mr.Frugal
Mr.Frugal's picture

Here are couple reports how to invest in gold and silver from Casey Research and GoldSilverWorlds http://casey.zendesk.com/attachments/token/leufAbNpXlcBE4zLNewaai7zU/?na... and http://goldsilverworlds.com/investing/how-to-invest-in-buy-sell-store-an...

Sat, 04/19/2014 - 22:26 | 4676510 Cognitive Dissonance
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'

Sat, 04/19/2014 - 22:38 | 4676527 Yen Cross
Yen Cross's picture

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

  Unfortunatly(sp) most  advisors are ?

Sat, 04/19/2014 - 22:54 | 4676557 Cognitive Dissonance
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.  ;-)

Sat, 04/19/2014 - 23:17 | 4676587 Yen Cross
Yen Cross's picture

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

Sat, 04/19/2014 - 23:40 | 4676613 RockyRacoon
RockyRacoon's picture

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

Sat, 04/19/2014 - 22:38 | 4676532 knukles
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,,,, 

Sat, 04/19/2014 - 22:49 | 4676554 DoChenRollingBearing
DoChenRollingBearing's picture

 

 

G'nite knuks!

:P

Sat, 04/19/2014 - 23:46 | 4676617 blindman
blindman's picture

that is the exaggeration of the irish
in you, it was only 168 pounds.
( no disrespect to the guy or the irish
intended, just a cheap attempt at humor)

Sat, 04/19/2014 - 22:39 | 4676534 Tinky
Tinky's picture

No chance of confiscation in the U.S. Outrageous tax rates? Perhaps, but no confiscation.

Sun, 04/20/2014 - 11:34 | 4677249 SilverIsMoney
SilverIsMoney's picture

Why are you so sure?

Sun, 04/20/2014 - 12:15 | 4677308 Tinky
Tinky's picture

Because it would make little sense, and would be the least attractive option even in the event that they did go after gold in an effort to steal further wealth from the public. I say that it would make little sense because the amount of bullion in private hands in the U.S. is trivial relative to the wealth that can be skimmed much more easily, efficiently and safely through bail-ins, 401ks, taxes, etc. With regard to physical confiscation, it ain't gonna happen for the following reasons:

  Logistical nightmare

  Political nightmare (i.e. direct confiscation cannot be spun)

  No chance of confiscating foreign-stored gold, of which there is plenty

  Immeasurably easier and safer to tax profits from sales

  High concentration of ownership amongst patrons of the very same politicians who make the rules; Cui bono?

 

Sun, 04/20/2014 - 00:21 | 4676653 honestann
honestann's picture

Okay.  Then explain to me the nature of the "debt" involved in "fiat currency".

And when you explain, please state clearly and exactly...

#1: exactly who is the debtor.
#2: exactly who is the creditor.
#3: exactly what does the debtor owe the credtor.
#4: exactly how much of that does the debtor owe the creditor.

Oh, and by the way, unless you have an allodial title to your land and home, the predators confiscate [the value of] your land and home every year by means of so-called "property taxes".

Also, please explain whether "a debt can be owned free and clear".

Also note, by your logic, nobody owns anything, cuz they bought it all with fiat currency.

-----

The bottom line to all these brain twisters is - never accept ANY of the fictions in any argument as being real, or having any real charactertistics (because they don't).  If anyone accepts ANY of the ideas or notions or concepts that are part of a fiction, they become completely captured by the fraud and the predators who conceived and spread them.

A more correct observation would be that nobody who is involved in any debt denominated in fiat actually has a debt (or credit) at all.  It is very much like the observation that zero times anything equals zero.

Sun, 04/20/2014 - 01:35 | 4676695 Cognitive Dissonance
Cognitive Dissonance's picture

I said there was a very interesting theory. I did not say it was my theory nor that it must or would make any sense. In fact I pointed out one obvious and glaring contradiction. Since when does any theft in the name of continuing an existing corruption make any sense other than to the corruption and corrupted?

Sun, 04/20/2014 - 16:49 | 4677819 honestann
honestann's picture

Well, I still would like someone to answer those questions, even if they're just giving the answers provided by the predators who create fiat debt notes (federal reserve or federal government perhaps).

Sun, 04/20/2014 - 00:56 | 4676683 litemine
litemine's picture

I bought mine from a bank........

Are you suggesting I stole from a Bank?  Thats close to fighting words....       ;0)

Just sayin'...........

Besides owning Gold is a way to break the system....Too bad all those unemployed would gladly break the system....

The system is corupt.

It's after 10 pm. Do you know where your Gold is?

Sun, 04/20/2014 - 07:25 | 4676842 Cognitive Dissonance
Cognitive Dissonance's picture

"Are you suggesting I stole from a Bank?  Thats close to fighting words....       ;0)"

I suggest dueling pistols at 30 paces. My people second will be contacting your people second.  :)

Sun, 04/20/2014 - 08:22 | 4676870 GetZeeGold
GetZeeGold's picture

 

 

Put me down for fifty on Cog.

Sat, 04/19/2014 - 22:38 | 4676530 Peter Pan
Peter Pan's picture

Gold is in the hands of those who know its history, respect it and can afford it.

No one knows all of its movements and its whereabouts.

The important thing is to have more gold and silver than fiat.

We know that you can always get fiat with gold but there may come a time when you cannot buy gold with fiat.

Sat, 04/19/2014 - 22:39 | 4676536 Hoi Polloi
Hoi Polloi's picture

"people will lie, cheat, steal and kill in the name of gold"
.
people will lie, cheat, steal and kill in the name of money
people will lie, cheat, steal and kill in the name of power
people will lie, cheat, steal and kill in the name of religion
people will lie, cheat, steal and kill in the name of love
.
There are many things to lie, cheat, steal and kill for...

Sat, 04/19/2014 - 22:45 | 4676547 Notsobadwlad
Notsobadwlad's picture

... and there are many reasons the weak in spirit lie, cheat, steal and kill.

Sat, 04/19/2014 - 22:43 | 4676544 Notsobadwlad
Notsobadwlad's picture

Greed is a form of slavery, based in fear... fear of inadequacy.

Keep your gold. Keep your fiat.

Sat, 04/19/2014 - 23:22 | 4676590 Ban KKiller
Ban KKiller's picture

Isn't most gold stolen fair and square? Pirates, kings and Banksters never earned any gold, no?

Confederate paper money anyone?

Sat, 04/19/2014 - 23:30 | 4676597 FranSix
FranSix's picture

As long as SDRs are in use for international settlements, rather than gold, then no war.

Sat, 04/19/2014 - 23:33 | 4676602 Yen Cross
Yen Cross's picture

 As an currency trader/ SDR's are way far off.  I'd be moar worried about "parking tickets"

Sun, 04/20/2014 - 00:02 | 4676633 Soul Glow
Soul Glow's picture

International settlements vs. domestic.  This has been the game since FDR took the USA off of the domestic standard in '33 and took the death blow when Nixon closed the gold window.  SDRs are a forgone conclusion.  And by the way, they don't give a fuck what you trade, as long as you are trading something.

Sun, 04/20/2014 - 01:58 | 4676721 litemine
litemine's picture

You just prove the theory that  said    :  better not open ones mouth and speak about something you don't understand than saying something that erases all doubt. Idiot. or Shill?

Do you enjoy helping the puppet Masters? ignorance will give you no excuse when the people take to the streets to gain back their freedoms.  Debt is the manacles that hold us a slaves to the Elite.

I do not believe the Elite earned the  right to control everyone.

Sun, 04/20/2014 - 08:05 | 4676861 FranSix
FranSix's picture

What's the point of making any comment on this forum?  The elites are watching you and controlling everything in their pajamas.  Like I am.

Sun, 04/20/2014 - 10:17 | 4677079 Keyser
Keyser's picture

The point of commenting on this site is to make a cognitive statement and back up your position, not to make a throw-away comment like there will be no war if settlements are done with SDR's. Give us the who, what, when, where and why to support your assertion rather than bleat when you get down-voted for making an idiotic comment. I'm giving you the benefit of the doubt to substantiate your claim.

 

Sun, 04/20/2014 - 00:52 | 4676675 Rogue Economist
Rogue Economist's picture

Deflation Doom Podcast now up on the Doomstead Diner

RE

Sun, 04/20/2014 - 02:06 | 4676727 fukidontknow
fukidontknow's picture

I just got back from a year living under a rock so it's great to watch something new!

Sun, 04/20/2014 - 02:14 | 4676733 lolmao500
lolmao500's picture

Russian TV reports that overnight there was a shootout in . Deaths among separatists reported.

Sun, 04/20/2014 - 04:16 | 4676766 Philalethian
Philalethian's picture

The secret world of political hackery:

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

 

Sun, 04/20/2014 - 07:39 | 4676843 Latitude25
Latitude25's picture

http://dollarvigilante.com/blog/2014/1/22/planning-to-export-your-precio...

Border officials confiscate precious metals from travelers routinely due to this one form going unfilled. 

In Fact that is what for certain happened at George Bush Intercontinental Airport in 2010. US Customs and Border Protections (CB&P) confiscated nearly $160,000 in gold and silver in one month alone. And that was at but one airport! There are many international airports in the US, so surely that total can be multiplied.

The reason the holdings were confiscated was because the travelers had failed to disclose their holdings on a US Census Bureau "Shipper's Export Declaration." (SED) US citizens must declare gold and silver (and other commodities) when a shipment has a value exceeding $2,500 or more. The problem? Barely anybody knows about it. (the government has yet to overpay its cronies for the proper marketing of this form)

If you don't fill out this declaration, it can result in confiscation of the commodities, as well as a fine up to $10,000 and you might also be thrown in a cage. Oh, and the government keeps your metals.

Sun, 04/20/2014 - 07:42 | 4676850 nickt1y
nickt1y's picture

$2500 face value or market value?

Sun, 04/20/2014 - 07:44 | 4676851 Latitude25
Latitude25's picture

I believe that will be interpreted on an as needed basis.

Sun, 04/20/2014 - 13:22 | 4677448 DoChenRollingBearing
DoChenRollingBearing's picture

Excellent link, thanks for posting it.  I already knew that there was a Customs form that you had to fill out if you take $10,000 or more in gold (or cash, etc.), but I did not know about a Census form for just $2500 worth.

Every .gov agency is messing with us...

Plan accordingly.

Sun, 04/20/2014 - 08:03 | 4676859 IndianaJohn
IndianaJohn's picture

The obvious question; why is the offical US price of gold, $42.22 per ounce?

Could that be the price that will be paid to you when "your" gold is consfiscated? Just wonderin'.

Sun, 04/20/2014 - 08:06 | 4676864 The_Prisoner
The_Prisoner's picture

Trailer of DSK movie. Spread the word
http://m.youtube.com/watch?v=UJETu1Ex_gA

Sun, 04/20/2014 - 09:39 | 4676996 1stepcloser
Sun, 04/20/2014 - 10:07 | 4677067 SilverIsMoney
SilverIsMoney's picture

"In light of the demand reported earlier."

You mean the 3 year gold chart you were trying to pass off as recent?

ZH PM stuff is just getting worse and worse...

Sun, 04/20/2014 - 10:40 | 4677135 message2gowri
message2gowri's picture

GOLD. Avarage man Can't afford it. It is $1350(Spot + Premium). The mass working for $10/Hour (After Tax if you are fortunate)...That is $400 a week. Rent cost $750.00/month and $800 for (Grocery, Transport, Insurance, Health Care, Clothing, Gas/Electric Bills, Kids etc. ). Gentleman may afford Silver $23(Spot + Premium)!!

Sun, 04/20/2014 - 13:23 | 4677457 DoChenRollingBearing
DoChenRollingBearing's picture

A small 1/10th oz Gold Eagle will run you some $160.

Many people can save $160 given some time.

Sun, 04/20/2014 - 15:26 | 4677685 billsbest
billsbest's picture

The "average man" never could afford it even when $20/oz.

Sun, 04/20/2014 - 13:27 | 4677465 DoChenRollingBearing
DoChenRollingBearing's picture

They want to ship the gold recovered by Odyssey to Spain.  After Spain stole it from Peru.  Shame on all guilty US parties.

Sun, 04/20/2014 - 15:24 | 4677679 billsbest
billsbest's picture
US Congressmen & Hillary Clinton Broker Deal to Steal $500 Million Gold & Silver Coins from US Company

http://chasvoice.blogspot.com/2012/02/us-congressmen-hillary-clinton-bro...

Mon, 04/21/2014 - 21:13 | 4681357 ZaphodBeeblebrox
ZaphodBeeblebrox's picture

And . . . (40min 52sec mark)!                                  Classic!

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