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The Gold Conspiracy

Tyler Durden's picture




 

As increasingly more conspiracy 'theories' become conspiracy 'facts', The History Channel discusses "The Gold Conspiracy" in this brief documentary.

 

 

As The History Channel introduces:

Gold. It is one of the most precious metals in the world. A glittering commodity so rare that people will go to great lengths to obtain it. But who sets the price? And what are the secret methods to control its value? Uncover the clandestine world surrounding the highly prized precious metal. How much gold does the United States really have–and where is it locked away? Is the American government overstating the amount of gold in its reserves to create the mystique of financial superiority?

 

Former U.S. Secretary of Labor Robert Reich discusses the gold standard and the possible manipulation of the commodities markets. Chairman of Euro Pacific Precious Metals Peter Schiff describes how gold could replace credit cards. And author Matthew Hart details how the U.S. is storing gold that belongs to other countries–but may now be missing from the Federal Reserve's vaults.

 

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Thu, 06/05/2014 - 20:31 | 4828610 world_debt_slave
world_debt_slave's picture

hidden in plain sight

Thu, 06/05/2014 - 20:45 | 4828646 DaddyO
Thu, 06/05/2014 - 21:22 | 4828739 RevRex
RevRex's picture

Robert Reich is a socialist serial liar......what a poor source for info

Thu, 06/05/2014 - 21:34 | 4828758 thamnosma
thamnosma's picture

Yeah, why anybody would seek him out is beyond me.  Turns me off from watching that.

Thu, 06/05/2014 - 21:38 | 4828763 DoChenRollingBearing
DoChenRollingBearing's picture

Any American owning more than, say, one ounce of gold is already in a "1%".

Even better is owning 5% - 20% of net wealth in gold (depending on your personal circumstances).

If you do not own any (physical), then you should buy some of the best diversification in town.

Thu, 06/05/2014 - 22:13 | 4828836 Manthong
Manthong's picture

Ah, next thing you know some crackpot will be claiming that the government is monitoring all your communications, all your finances and all of your medical and health conditions.

That’s not just illegal and unconstitutional, it’s not possible.

Um.. what's a zettabyte?

Thu, 06/05/2014 - 22:40 | 4828897 DoChenRollingBearing
DoChenRollingBearing's picture

In Utah.

:)

Thu, 06/05/2014 - 23:37 | 4829017 TwoShortPlanks
TwoShortPlanks's picture

ADVICE NEEDED

I need some insight into something unusual relating to my blog site, I'm no expert.

Of the 49 blog posts which I have written so far, there is one which is receiving considerable volume of traffic. No big deal in itself, BUT, it is receiving at least 10 times the traffic volume of any other page and yet when I look at where the traffic has come from, nothing is listed. All my other pages at least give me some information and percentage of traffic as to where the viewer has come from.

But the real interesting thing is this; I haven’t posted the link to this page anywhere since the day I wrote it. After that day, it died-off in views considerably (normal and expected), but, unlike all my other pages, it is as though this page is being viewed (circulated?) 100 times more than any number of similar pages which I have not circulated their links either.

I have been watching the stats on this page for over two months now, and the viewing rate has been varied, but solid. The viewing number changes each day, but it’s always on the top of the list without any promotion by me whatsoever.

I’ve Googled the page title on several search engines and nothing comes up other than where I originally posted it, so I have to rule-out most forums etc.

If I completely went dark (online) for a month or two, I can assure you, this page would be viewed hundreds of times more than any other page……why???

How is a viewer hidden (where they came from)?

Reasons for such viewer volume?

Cheers
TSP

Thu, 06/05/2014 - 23:51 | 4829054 DoChenRollingBearing
DoChenRollingBearing's picture

TSP

At my blog, the Blogger stats show (each day for example) higher stats that the little ClustrMaps widget I have at my blog.

A guy who knows a lot more than I do told me that in many cases "hits" that show up in Blogger´s stats are "spider" (bots) from Russia and Ukraine.  Take a look at the Blogger stats map to see where hits are coming from.  Few of my "Russian" or "Ukrainian" hits register as such on the ClustrMaps widget.

Another possibility is that a "consolidator" (dollarcollapse.com for example) may have linked to the article.  Or even FOFOA!

I like your blog, keep up the good work.

 

Fri, 06/06/2014 - 00:16 | 4829092 TwoShortPlanks
TwoShortPlanks's picture

Thanks DCRB!

Hope you're keeping well mate.

You've got my email (I think you do), so send me an email and I'll give you the link....you'll be shocked as to what's being hit so hard. It's telling me something.

Cheers
TSP

Fri, 06/06/2014 - 06:59 | 4829359 GetZeeGold
GetZeeGold's picture

 

 

Click your heels three times and repeat after me....

 

We did NOT steal Germany's gold.

We did NOT steal Germany's gold.

We did NOT steal Germany's gold.

Fri, 06/06/2014 - 01:38 | 4829177 fencejumper
fencejumper's picture

You say Reich is a liar? Please give an example of his lying.

Fri, 06/06/2014 - 08:35 | 4829508 jackstraw001
jackstraw001's picture

Any time his lips are moving.

Fri, 06/06/2014 - 11:34 | 4830163 fencejumper
fencejumper's picture

Typical ZH nonsense.

Thu, 06/05/2014 - 20:33 | 4828613 Kawaii Empress ...
Kawaii Empress Natalia Poklonskaya's picture

Why gold when you can have fiat /sarc

Thu, 06/05/2014 - 21:11 | 4828707 putaipan
putaipan's picture

HOLY FIAT! who needs all of the gold in solomons temple when its backed by the full faith and imagination of the vatican? please clicky-

http://2.bp.blogspot.com/-Zd2uA6VPYx0/U4yhCCRG8DI/AAAAAAAADIw/l2Goasy6ve...

Fri, 06/06/2014 - 13:36 | 4830584 putaipan
putaipan's picture

well 3 people didn't like seeing a 15 quadrillion gold bond.

Thu, 06/05/2014 - 21:26 | 4828736 I MISS KUDLOW
I MISS KUDLOW's picture

i went on a major retailer to buy a hat for my pop for fathers day it was $55.00(so of course i didnt buy it),,,,,,,bass says my fiat will buy wampum in the years ahead unfortunately for me it doesn't even buy wumpum now

Fri, 06/06/2014 - 03:12 | 4829233 SilverRhino
SilverRhino's picture

+1

Thu, 06/05/2014 - 20:36 | 4828619 AustrianJim
AustrianJim's picture

Robert Reich, huh?

Fri, 06/06/2014 - 01:26 | 4829171 fencejumper
fencejumper's picture

IMO a good guy. Cares about The People. Not a corporate/bankster stooge. What is your complaint?

Thu, 06/05/2014 - 20:36 | 4828620 Joebloinvestor
Joebloinvestor's picture

I hope they spend time on why Nixon fucked the whole thing up.

Thu, 06/05/2014 - 20:53 | 4828669 Keyser
Keyser's picture

To pay for the Vietnam war, or so the story goes...

 

Thu, 06/05/2014 - 23:31 | 4829015 Flakmeister
Flakmeister's picture

More like to pay for the imported oil....

Much easier to mislead the people if you give them a plausible "lie"...

Nam was expensive, but not that expensive...

Study these two figures closely:

http://goldnews.bullionvault.com/US_gold_reserves_01120092

http://en.wikipedia.org/wiki/File:US_Crude_Oil_Production_and_Imports.svg

and a little insight....

http://www-personal.umich.edu/~twod/oil-ns/articles/for_aff_aikins_oil_c...

US oil production was very closely monitored, after all, it was economic might....

Thu, 06/05/2014 - 21:06 | 4828698 NoWayJose
NoWayJose's picture

But remember 'why' Nixon did what he did... There was a huge flow of gold OUT of the country because gold was worth more than the US peg at $35. So if you had any US dollars you could swap 35 of them and get an ounce of gold, which you could sell for $38. This is an easy 8 percent swap, and at the time the US was beginning to flood the world with dollars.

And here is the scary part - you only had to do this 256 million times (or less than 9 billion dollars) to drain the 8000 tons of gold that the US had.

Thu, 06/05/2014 - 21:28 | 4828747 Joebloinvestor
Joebloinvestor's picture

Nixon was not concerned about an outflow of gold.

Kennedy's massive deficit spending and the war required the creation of a fiat currency.

Look at the money supply from 1971 on.

 

What is really disgusting is Nixon's "word" that the fed would not print money.

Thu, 06/05/2014 - 23:44 | 4829039 Flakmeister
Flakmeister's picture

Would you like to provide a chart showing US gov deficits to back up your claim?

Didn't think so...

Fri, 06/06/2014 - 00:35 | 4829112 Joebloinvestor
Joebloinvestor's picture

look it up yourself, before you think it isn't a fact.

http://weakonomics.com/2010/02/24/blame-john-f-kennedy-for-the-deficit/

Kennedy joked that grandkids would pay for the space race.

http://www.rapidtrends.com/money-supply-and-purchasing-power/

Fri, 06/06/2014 - 01:41 | 4829137 Flakmeister
Flakmeister's picture

Here are some nice charts:

http://www.multpl.com/u-s-federal-deficit-percent/

http://www.usgovernmentspending.com/include/us_deficit_20c.png

that suggest Kennedy had little to do with things...

Care to explain this:

http://visual.ly/united-states-debt-percentage-gdp-1940-2012

And while Kennedy did cut rates, that is quite a stretch to blame the deficits since Reagan on him...

----

Get over your gold hangup, it failed miserably as the monetary basis for the world economy at least twice and the only time it sort of worked was when gold supplies were rising at far clip at the end of the 19 century...

Fri, 06/06/2014 - 02:05 | 4829194 dogbreath
dogbreath's picture

bukake junk all over your face -  so good

Fri, 06/06/2014 - 09:22 | 4829685 Flakmeister
Flakmeister's picture

Still having those fantasies I see...

Fri, 06/06/2014 - 02:52 | 4829222 jaxville
jaxville's picture

  Of course fractional reserve banking and credit based money are far more superior than gold....especially if you and your k*** friends want to run the world. It would cost them too much if they had to pay for it in gold.

Fri, 06/06/2014 - 09:21 | 4829680 Flakmeister
Flakmeister's picture

Did it ever occur to you that the cherished American standard of living is closely tied to per capita oil consumption?

You would tell the American people that you are going to deliberately reduce their standard of living?

Or would you force that issue at gun point if they disagreed with you?

Do you understand anything about reality? Or is your grasp of the political economy limited to sloganeering and platitudes?

Fri, 06/06/2014 - 09:18 | 4829671 Bendromeda Strain
Bendromeda Strain's picture

Coming from one of the biggest shite spewers around here, that was actually not bad. You are correct, Reagan's deficits cannot be blamed on Kennedy. Who was Tip O' Neill's butt-boy again? Oh that's right... Matthews. Is that you, spittle boy? 

Fri, 06/06/2014 - 09:24 | 4829694 Flakmeister
Flakmeister's picture

The adults were trying to have a conversation....

You clearly have nothing of value to add, so why don't you simply STFU and mind your business...

Fri, 06/06/2014 - 11:12 | 4830080 Parabox
Parabox's picture

People say that gold cannot be used to back a currency because there is not enough of it.  Gold is valuable precisely because it is scarce.  Having a limited supply - that's the point!

Fri, 06/06/2014 - 15:32 | 4830218 Flakmeister
Flakmeister's picture

No it is valuable because the marginal cost of new supply is large, primarily reflecting the cost of energy to extract it...

Bismuth is just as rare, but we don't hear about that do we?

Gold does not work because the global imbalance of oil exports makes it so... Too little gold chasing too much oil...

Unless of course you would like to tell oil exporters what price in gold they should accept. Lets see how that goes...

Mon, 06/09/2014 - 13:43 | 4837611 MeelionDollerBogus
MeelionDollerBogus's picture

If bismuth had all the uses of gold & same safety in being handled it would be equally valuable to gold.
Bottom line is gold is safer, more durable (chemically inert) compared to bismuth.

Fri, 06/06/2014 - 04:58 | 4829276 flyingcaveman
flyingcaveman's picture

Are you saying one thing had nothing to do with the other?

Thu, 06/05/2014 - 21:49 | 4828790 Cacete de Ouro
Cacete de Ouro's picture

Nixon (more so Connally) was concerned about the outflow of gold, because there was no good delivery gold left in the US Treasury vaults at Fort Knox, Denver, and New York...just coin bars made from melted coins , which are no where near 260 million fine troy ounces or whatever figure they claim > 8000 tonnes)

That is the dirty little US Treasury secret..

Thu, 06/05/2014 - 20:36 | 4828623 bodski
bodski's picture

Always makes me laugh that most Americans won't watch a factual television programme without it being mascaraded as some blockbuster action-packed spy-thriller. (With constant recaps after every 5 minutes in case people were too busy concentrating on their food). UK is just as bad, in a different way, here everything has to be about fucking baking or ballroom dancing.

Mon, 06/09/2014 - 13:37 | 4837580 MeelionDollerBogus
MeelionDollerBogus's picture

om-nom-nahhhhm

whut?

whut's a golds?

Thu, 06/05/2014 - 20:54 | 4828626 AUD
AUD's picture

There's a conspiracy all right, that gold is somehow precious because it's rare. For one, gold is not rare, there is hundreds of thousands of tonnes of the stuff stashed away in vaults & safes around the world. Almost every ounce ever mined in human history in fact.

Thu, 06/05/2014 - 21:02 | 4828686 TN Jed
TN Jed's picture

So gold is not precious because every ounce in human history is stashed away? Perception is reality.

Thu, 06/05/2014 - 21:55 | 4828813 DoChenRollingBearing
DoChenRollingBearing's picture

Last I saw there were about 170,000 (metric) tonnes, or a bit less than one oz per person on our planet.

But, it`s the FLOW that counts..., most gold is held by very strong hands.  I am not letting mine go, and I doubt that many central banks are now as well.

Thu, 06/05/2014 - 22:14 | 4828849 AUD
AUD's picture

And what has that got to do with whether gold is rare or not?

Thu, 06/05/2014 - 21:04 | 4828691 it aint easy
it aint easy's picture

Yea, thousands and thousands of tonnes. And you don't own it.

Thu, 06/05/2014 - 21:13 | 4828717 robertocarlos
robertocarlos's picture

The last thing the world needs is 55k dollar an ounce gold.

Thu, 06/05/2014 - 21:46 | 4828787 SilverIsMoney
SilverIsMoney's picture

Prices that high would probably speed up asteroid mining and get us all the hell off this rock a whole lot quicker...

Fri, 06/06/2014 - 03:05 | 4829230 shouldvekilledthem
shouldvekilledthem's picture

You have some balls. Coming here to the den of the dumbest gold bugs. Respect.

Fri, 06/06/2014 - 07:05 | 4829364 GetZeeGold
GetZeeGold's picture

 

 

I was going to give you an ounce of gold.....but here's a piece of paper with some pretty colors on it. It's very valuble if you can convince someone to buy if from you.

 

I would demand gold as payment....that stuff is hard to get.

Fri, 06/06/2014 - 09:21 | 4829677 Bendromeda Strain
Bendromeda Strain's picture

To him paper is much more valuable. Mom uses it to wipe his chin after all.

Fri, 06/06/2014 - 09:43 | 4829760 RaceToTheBottom
RaceToTheBottom's picture

Last I looked, Federal Reserve Notes were not too precious and becoming more so every year.  15 trillion were only recently printed and given out like party favors to banksters, politico, etc 

 

You have pointed out exactly why Gold is desired throughout history.  What is worse is that you did not even know it...

Mon, 06/09/2014 - 13:32 | 4837563 MeelionDollerBogus
MeelionDollerBogus's picture

#1 thousands of tons is RARE compared to other elements that are useful which are MILLIONS of tons or more. All the gold EVERY POSSIBLE on Earth is RARE. Fills 1 olympic swimming pool. RARE.

#2 rarity is only part of the factor, utility is another. Nothing is as chemically durable as gold for being so inert & the combined rarity & safety to handle as a solid with various industrial uses means gold is a very high value.

You seem not to understand what value is. Copper, dollars, soil, for example are much less rare than gold.

Thu, 06/05/2014 - 20:38 | 4828628 Kaiser Sousa
Kaiser Sousa's picture

hey, hope you guys dont mind...

but if you have not viewed this interview with Putin during this G7 metting of a bunch of bitch made banker controlled western/EU fucks...

see what a astute GENUINE leader acts and talks like...

AMERICANS, EVEN AS DUMB AS 99.9% R SHOULD BE ASHAMED OF THEIR GOVERMENT...

http://rt.com/news/163676-putin-ukraine-french-us/

Thu, 06/05/2014 - 20:52 | 4828666 bodski
bodski's picture

yeah, listening to Obama plead to keep Faslane nuclear sub base  Scotland under the lapdog good old special-friend Westminster government today was particularly sickening.

Thu, 06/05/2014 - 20:57 | 4828677 bodski
bodski's picture

"And there’s another example: François Mitterrand, who spoke of European confederation, with Russia as its member. I think this opportunity still exists and we will have it in the future.” -<< ooooh fighting talk that is!

Thu, 06/05/2014 - 20:39 | 4828631 GrinandBearit
GrinandBearit's picture

Blatent manipulation that they never do anything about... 

That's because banksters own all the regulators and politicians.

Ludicrous.

Thu, 06/05/2014 - 20:49 | 4828662 disabledvet
disabledvet's picture

What's more interesting than gold fiction is Gold Fact.

And the fact is "the only gold that is rehypothecated is done so with other people's money and/or gold."

Why else would China buy JPM's gold vault? You think the Chinese Government...trusts the Chinese Government?

It is true "someone could nuke the Bank." But they have insurance ("the moullah" or "current equivalent cash value")...if more guarantees are needed I'm sure AIG has a plan to offer as well.

No guarantees for payouts...but Goldman Sachs sure didn't have a problem. "China" strikes me as a bigger deal.

Thu, 06/05/2014 - 20:58 | 4828678 Dragon HAwk
Dragon HAwk's picture

So Just for Fun's Sake..

  If there were Aliens, and they Wanted Gold..

How much would Gold really be worth ?

Thu, 06/05/2014 - 21:09 | 4828704 Xploregon
Xploregon's picture

Interesting thought excercise but gheeeez Louiseeeee, don't we have enough on our plate? OK...100k per oz!

Next?

Thu, 06/05/2014 - 21:15 | 4828724 TN Jed
TN Jed's picture

It would be worth ubiquitous honesty.  No more, no less.

Thu, 06/05/2014 - 23:07 | 4828951 Bohm Squad
Bohm Squad's picture

Hmmmm....Can the aliens print fiat???

Mon, 06/09/2014 - 13:27 | 4837547 MeelionDollerBogus
MeelionDollerBogus's picture

priced in buttcoinz or quatloos?

Thu, 06/05/2014 - 21:02 | 4828685 it aint easy
it aint easy's picture

History Channel? Who controls the price of gold?

I'm not saying it's aliens but.... http://cdn.geckoandfly.com/wp-content/uploads/2013/03/ancient-aliens-guy...

 

 

 

Mon, 06/09/2014 - 13:19 | 4837511 MeelionDollerBogus
MeelionDollerBogus's picture

It was aliens!

No, it was Hoomans!

Thu, 06/05/2014 - 21:15 | 4828721 realWhiteNight123129
realWhiteNight123129's picture

HEre is teh secret book:

http://mises.org/books/monetarysin.pdf

 

Everything you want to know about what is wrong in the monetary system, how bogus the SDR are, and what created the great depression (not the gold standard but teh mechanisms of the exchange standard).

 

Thu, 06/05/2014 - 21:38 | 4828722 pavman
pavman's picture

LOL! These are all the big name conspiracy theorists (although how Mancow got on that list ...well frighteningly calls into question the other folks' credentials).  Speaking of... is it me or isn't that Maloney guy... an actor from back in the 80s?!

Even Bix Weir...the guy with the 'Fed will save the day' conspiracy theory is in this... sweet.

Fri, 06/06/2014 - 16:36 | 4828774 pFXTim
pFXTim's picture

back to the drawing board...

Thu, 06/05/2014 - 21:45 | 4828786 Winston Churchill
Winston Churchill's picture

i think Bix and Hudes are a couple in the same psych ward.

Thu, 06/05/2014 - 21:48 | 4828795 DoChenRollingBearing
DoChenRollingBearing's picture

Hah!  I would guess the same.

Fri, 06/06/2014 - 07:06 | 4829366 GetZeeGold
GetZeeGold's picture

 

 

Yeah....two crazy cats that aren't helping at all.

Thu, 06/05/2014 - 22:04 | 4828832 indio007
indio007's picture

Another limited hangout

Thu, 06/05/2014 - 22:16 | 4828853 loveyajimbo
loveyajimbo's picture

The Fed has long refused a complete audit of the physical US gold reserves and any encumbrances on them... backed by their corrupt politician shitbags... Germany was refused an inspection of theirs... and was also refused prompt delivery when requested... and the small amounts so far returned were NOT the same bars originally deposited as legally required... CFTC massively and clownishly corrupt... that sort of give ya a hint about any potential problems?

Thu, 06/05/2014 - 23:06 | 4828945 yogibear
yogibear's picture

Exactly. The federal Reserve no longer holds the gold.

Thu, 06/05/2014 - 22:22 | 4828864 Argos
Argos's picture

Wow, when did the History channel get so cheesy?

Fri, 06/06/2014 - 06:35 | 4829330 BeetleBailey
BeetleBailey's picture

Disney owns it...thus ABC...thus....bullshit ensues...

Fri, 06/06/2014 - 09:50 | 4829782 RaceToTheBottom
RaceToTheBottom's picture

Following the A&E path.  Chase of profit is not the best, sometimes.

Next will be Hillbilly Reality shows

Thu, 06/05/2014 - 22:28 | 4828875 DYS
DYS's picture

I miss the old ZeroHedge that actually talked about finance, investing and economics in a way that wasn't dumbed down for the lowest common denominator.   No offence to the LCDs.

Thu, 06/05/2014 - 23:55 | 4829062 bardot63
bardot63's picture

Sorry that we are such dumbed down MFers that you are in poor company, DipWad.  Why are you here?  Disinformation? You work for TurboTimmy?  By the way, PondScum, if that's your real picture, have a salad once in awhile.

Fri, 06/06/2014 - 00:55 | 4829143 Dublinmick
Dublinmick's picture

Bardot63 is the man LOL!

I always enjoy it also when that special guy who has the big picture comes along.

Thu, 06/05/2014 - 22:57 | 4828879 vulcanraven
vulcanraven's picture

A simple google search turns up many images of various world leaders posing for a photo op with physical gold bars, or standing in vaults filled with gold.

However, not in ONE of these images will you find Obama, Bush, or Clinton.

I find this a little strange.

Fri, 06/06/2014 - 12:13 | 4830282 zerocash
zerocash's picture

For that you need a vault with actual gold in it.

Thu, 06/05/2014 - 23:05 | 4828941 yogibear
yogibear's picture

"also refused prompt delivery when requested... and the small amounts so far returned were NOT the same bars originally deposited as legally required... CFTC massively and clownishly corrupt... that sort of give ya a hint about any potential problems?"

That's the problem. The Federal Reserve sold much of the gold and fractionally reserved it like their banks do with deposits.

In other words the paper gold is over-subscribed 70 to 1. When countries as for an audit their refused.
When Germany asked for it's gold back it was told it would take a while. These are huge blaring signs the Fed no longer hold their gold.

Why aren't these countries demanding it back every day?

Fri, 06/06/2014 - 08:47 | 4829469 Time for Titus
Time for Titus's picture

"Why aren't these countries demanding it back every day?"

http://s449.photobucket.com/user/DeanArnold/media/saddamdead.jpg.html

Thu, 06/05/2014 - 23:24 | 4828992 telefunken
telefunken's picture

Let's put it this way-a few years ago they made a list of bases they were going to close.Ft. Knox was on that list. The US has no gold but jamie dimon has the worlds supply in his basement....

Thu, 06/05/2014 - 23:29 | 4829008 tony bonn
tony bonn's picture

if the history channel is talking, you know that it is lying.

Fri, 06/06/2014 - 04:46 | 4829272 flyingcaveman
flyingcaveman's picture

Armored division might stop a smash and grab but it can't stop a pen and paper.

Fri, 06/06/2014 - 23:47 | 4831247 MeelionDollerBogus
MeelionDollerBogus's picture

But it was aliens!

Thu, 06/05/2014 - 23:43 | 4829038 DrHydralisk
DrHydralisk's picture

I think the Germans are well aware their Gold has Gone but they have as much to lose by pushing the point as the theives who stole it from them. Loose lips sink ships!

Fri, 06/06/2014 - 00:20 | 4829099 Space Animatoltipap
Space Animatoltipap's picture

"Conspiracy" is simply daily politics. So there is nothing wrong or strange with conspiracies. Just use them to your advancement. Because of the shrewed policies of the NY/London international socialists gold presently is hugely under owned and therefore hugely underpriced. So what do you do when you have a few brain cells left? Indeed, buy gold. Or even better, silver. 

Fri, 06/06/2014 - 00:41 | 4829126 supermaxedout
supermaxedout's picture

Expect the next 9/11 attack on Ft. Knox with mini nukes. It is not destroying the gold as such maybe but contaminating it with radioactivity that it is no longer fit for circulation under normal conditions. So the gold does still exist but nobody can touch it so its worthless and of no longer interest (except a clever guy finds a method to decontaminate it safely). Thus the chapter of the missing gold is going to be closed. (sarc)

http://www.veteranstoday.com/2014/06/04/the-real-manhattan-nuclear-testi...

Fri, 06/06/2014 - 00:55 | 4829142 USGrant
USGrant's picture

The main plot element of Goldfinger was false but who cares. Gold's only radioactive isotope obtainable by neutron irradiation has a short half-life.

http://www.madsci.org/posts/archives/2003-03/1046983737.Ph.r.html

 

Fri, 06/06/2014 - 03:04 | 4829229 jaxville
jaxville's picture

  Thanks for the link. I have often wondered about that after seeing a Hawaii 5 O episode about radioactive gold when I was a kid. I think the gold in that episode was contaminated with a radioactive element or substance.

Fri, 06/06/2014 - 03:40 | 4829247 supermaxedout
supermaxedout's picture

ok so this story still has to be improved somehow. Then we need a more specific and bigger nuke burning a hole in the ground deep enough so that the gold is mixing up with earths magma.

Fri, 06/06/2014 - 06:47 | 4829334 The Abstraction...
The Abstraction of Justice's picture

Goldfinger would have jacketed his nukes with Cobalt 59, but simplified his explanation for the benefit of his criminal audience.

Fri, 06/06/2014 - 13:59 | 4830647 MeelionDollerBogus
MeelionDollerBogus's picture

Don't be absurd. The real reason will be to claim the gold vaporized just like those airplanes on 9/11 that weren't in NYC.
Hoaxes - they're magically delicious!

Besides, the gold under WTC vaporized without any nukes on 9/11. It's tradition!

Fri, 06/06/2014 - 01:23 | 4829166 JailBanksters
JailBanksters's picture

I'm pretty sure the US is over stating their gold by 100 Million ounces and their are counting the other countries gold as theirs, that's why Germany can't have it back.

I'm sure the Rothchilds have used it to create solid gold Bathrooms out of it.

 

Fri, 06/06/2014 - 03:07 | 4829231 jaxville
jaxville's picture

 The Bundesbank knew their gold would be leased into the market after making the swap arrangement with the US. It can only be repatriated as bullion banks close out the leases. That is why it is taking so long and the Bundesbank isn't making a lot of noise about it. If only the German people knew....

Fri, 06/06/2014 - 09:54 | 4829794 RaceToTheBottom
RaceToTheBottom's picture

The Saudis need some more 777s upgraded with "the Saudi package" which includes gold fixtures in all the bathrooms

Fri, 06/06/2014 - 01:45 | 4829183 russwinter
russwinter's picture

A Question of London and Western Central Bank's Remaining Gold

http://winteractionables.com/?p=12153

Fri, 06/06/2014 - 03:26 | 4829240 Kina
Kina's picture

And fiat has been such a screaming success since its invention Iol.

All fiat fails in spectacular ways

The only reason gold standards fail is when banksters and politician deliberately try to destroy it... 

-

Fri, 06/06/2014 - 03:27 | 4829242 shouldvekilledthem
shouldvekilledthem's picture

Bitcoin vs Gold:

Bitcoin Pros:

- Cannot be counterfeited

- Can be verified easily

- 100% transparent supply

- Fungible

- No central authority to be trusted

- Easily divisible

- True rarity

- Cannot be seized if used correctly

 Gold Pros:

- Shiny

- Unique physical properties

- History

 

Did I forget anything? :)

 

Fri, 06/06/2014 - 06:50 | 4829344 Winston Churchill
Winston Churchill's picture

You missed the most important points.

No counterparies.

No faith, or credit required.

Fri, 06/06/2014 - 07:09 | 4829370 GetZeeGold
GetZeeGold's picture

 

 

Bitcoins are air.....gold is an element that actually has some pretty useful properties.

 

Good as gold.....because it is.

 

Gold.....the standard for 6000 years....and counting.

Fri, 06/06/2014 - 09:42 | 4829754 gcjohns1971
gcjohns1971's picture

BITCOINS are easier to hide about your person during border crossings.

Unfortunately BITCOINS are also easier to erase or destroy, by accident or intention. BITCOIN media doesn't like EM Scanners, like is used when scanning luggage.

Of course, I know of a guy who got over $100K in Gold out of a hostile country by having it drawn into the shape of a coat hanger.

And I know of another one who did it by replacing the tire weights on his vehicle with gold ones he melted with his propane torch and then painted gray.

But Gold requires more effort to make unremarkable than bitcoin.

Of course, your gold is almost physically impossible to destroy, and anything capable of physically destroying - or rendering unusable - the gold would also physically destroy the people who had it.

A government who was determined to destroy bitcoin could do it by scanning gadgetry, and then walking people through EMP scanners to destroy any gadgetry they've hidden. It would be less intrusive than the porno scanners they have now.

"Place your electronic devices in the scanner please, and walk/drive into the contraband detector, please. Shut down your engine before and leave it off during the detection. Please be aware that the contraband detector will destroy any electronic devices you have forgotten and left about your person or vehicle..."

Fri, 06/06/2014 - 12:20 | 4830320 zerocash
zerocash's picture

You don't need to take Bitcoins with you when you cross a border. A Truecrypt container containing an encrypted wallet in a Dropbox will suffice. As long as the passphrases you use are strong enough and you can remember them.

Fri, 06/06/2014 - 13:59 | 4830650 MeelionDollerBogus
MeelionDollerBogus's picture

And if there's network access where you're going. If there isn't then what good is it?
If my next destination is a south American jungle where I need real money, how will bitcoin help me?
It won't.

Fri, 06/06/2014 - 13:47 | 4830619 MeelionDollerBogus
MeelionDollerBogus's picture

No, I can breathe air.
I can't breathe bitcoins.
I wouldn't dare ascribe a value so high as 'air' to something so futile as 'bitcoin'

Fri, 06/06/2014 - 09:07 | 4829626 gcjohns1971
gcjohns1971's picture

You listed qualities of common to both Gold and Bitcoin as unique to bitcoin.

Gold also cannot be counterfeited. That's why tungsten bars are caught. Failure to check the block integrity is no more a fault of the Gold than failure to check the blockchain is a fault of Bitcoin.

Gold also can be easily verified. Also requiring the proper equipment to do so.

Transparent supply is a feature of neither Gold nor Bitcoin, because it is a feature of the people providing the supply rather than the object itself.

Gold is also fungible. That's why Iran uses it to sell Oil.

Gold also requires no central authority to be trusted.

Gold is also easily divisible, because it is the most ductile element on the periodic table.

Both Gold and Bitcoin can, actually have been, seized. Or did you forget Mt Gox?

The REAL DIFFERENCE between Gold and Bitcoin is this:

-BITCOIN IS MORE PORTABLE FOR NOW (portability is threatened by the growing size of the block chain)

-GOLD IS MORE DURABLE.

Fri, 06/06/2014 - 09:58 | 4829808 RaceToTheBottom
RaceToTheBottom's picture

I believe you forgot bitcoin hackers and repothicators, for starters.

Fri, 06/06/2014 - 13:46 | 4830614 MeelionDollerBogus
MeelionDollerBogus's picture

You forgot /sarc and LOL.

Bitcoin - LOL - nuff sed.

Cue Reggie Middlestar.

Bitcoin can EASILY be subverted by a 51% majority replacement of the existing network & can EASILY be stopped by cutting transmissions and can EASILY be made useless as the digits themselves have no intrinsic value. I can't make anything out of a bitcoin so I can't be assured it will get me a trade for even a cup of water much less something bigger.

Gold has TRUE rarity: that's part of its unique physical properties, being created by fusion from a supernova.

Bitcoin has no rarity at all as ANY digital currency can be made alongside bitcoin to serve the same purpose. No limit on the number of units or number of currencies.

Fri, 06/06/2014 - 08:35 | 4829509 Sean7k
Sean7k's picture

Until you factor in heroin production, we are just jousting at windmills. All raw opium is paid for in metric gold bars. The drug trade is shared by China and Britain and processed through Hong Kong. (starts to make all that swiss remelt into metric bars stuff and shipped to Hong Kong make sense).

Gold is a means to an end: the enslavement of populations through drugs (opium, heroin and cocaine), education and media. As they also own the central banks, do you really think we have anything to say about gold prices? 

Did the Taliban fuck up when they cut opium production? Does the queen shit on a throne of dead babies? 

Gold is meaningless unless we start to use it. THEN,  we create competition for supply. Drugs are a huge business and the profit margins are better than anything on the planet. Jeopardize that, and you have the ability to force their hand and expose these psychopaths for what they are.

Audit the FED? Audit the Queen, come on Parliment, I dare you. Expose the Black Nobility, Committee of 300, Club of Rome, et al. Or, if you want to tear yourself from their grasps: reject: government, education, drugs, media and the law. Stop participating in the military and democracy. 

The Constitutional dollar is silver. We need to trade in those and gold coins in a free float ratio. Anything less and we remain slaves.

Fri, 06/06/2014 - 09:44 | 4829590 gcjohns1971
gcjohns1971's picture

You can be ruled by human privilege or by nature's Laws.

Privilege is as capricious as the nature of humans that enjoy it.

Nature is constant, but surrenders its secrets grudgingly.

If you hold your wealth in fiat currency you are voting for a world ruled by privilege.

If you hold your wealth in Gold you are voting for a world ruled by nature.

Before you cast your vote please be aware that the rule of privilege cannot survive a disagreement with the rule of nature because only the privileged themselves will survive, sacrificing their supporters.

Happy voting.

Fri, 06/06/2014 - 09:22 | 4829682 Atlas Crapped
Atlas Crapped's picture

A "glittering commodity"? I don't think so, but of course so many do, why not play into the popular notion (zzzzz) - therefore, no help here in creating an understanding of the true function that gold will play when called upon to perform. It's value?

Much like the lifeboats on the Titanic: seen as a useless waste of space before the berg struck. After ... priceless.

www.roacheforque.blogspot.com

Fri, 06/06/2014 - 13:38 | 4830590 MeelionDollerBogus
MeelionDollerBogus's picture

gunboats, lifeboats & tippy canoes! oh my!

https://flic.kr/p/nHjipW

Sat, 06/07/2014 - 06:57 | 4832155 freak of nature
freak of nature's picture

Narrator sounds like a Saturday morning cartoon character,

Sat, 06/07/2014 - 19:10 | 4833302 J Winston Smith
J Winston Smith's picture

C'mon, a "documentary" that cites a bunch of "experts" who are all anti-government / pro gold? Lame

Alex Jones?! gtfo

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