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This Is Why China Russia & China Are Now "The Enemy"
Submitted by Jim Quinn via The Burning Platform blog,
The suppression of gold prices is essential at all costs to the Anglo-American banking interests. The saber rattling and attempts to lure Russia and China into military conflict are about who controls the financial world.
Russia and China keep accumulating the eternal currency – gold.
The American Empire and their EU disciples continue to accumulate debt and print fiat currencies. Has fiat paper ever won out over gold in the long-run? Change is coming. Revolution is in the air.
You can sense the desperation of the ruling oligarchs. Their fiat world is beginning to crumble. But they will not go without a bloody fight.
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I bet their gold holdings are underreported. Seems to me that they likely started underreporting it around the 2002-2003 mark.
The Shanghai Int'l Physical gold exchange is open!
Good luck London and NY. They need at least a thousand extra tons and you need to supply it at your bogus prices.
Good Luck!
Looks Like This Is A Fight To The FINISH ...
Virtual Paper FIATS & CB Debt VS GOLD, SILVER, Hard Commodities, RE
... PS... Where's The Promised Return Of The Physical GERMAN CB GOLD, Who's Pocket Is It Really In ???
Germany's gold? lol, that stuff was sold long long ago. In the USA, it is cash4gold, not the other way around.
"Get rid of your useless gold and get some freshly printed cash today!"
Who are these "China Russians" the title speaks of?
They're related to the black Irish
i heard a black Irish runs America now.
So russia started hoarding gold right around the crash of 07' 08 mark...
Any bankster who thought this wasn't gonna be a prudent response is just a total dick...
The western bankers use paper mathamagic. But in all reality if physical gold is papered over 100 to1 than an oz of gold is worth $12,300 to the banks!
That's mathamagic
China and Russia are simply returning to a monetary system that was reliable and stable and utilized as international currency for millenia prior to 1971.
The issue is what were Paul Volcker and his handlers up to in 1971 when they pushed the US off of gold backing thus destabilizing the dollar.
Paul Volcker: "I certainly was a major proponent of suspending gold convertibility, in fact the principal planner."
http://www.nber.org/feldstein/Feldstein%20Volcker%20Interview.pdf
""over 100 to1 than an oz of gold is worth $12,300 to the banks!""
TRY $123,000 / Ozs
Prolly The Reason Why GERMANY Can't Get Their GOLD Back ???
So was it gold on that never-to-be-found malaysian airlines that they never found? Anyone figure it out yet?
Question is what would be worth so much as to take over 240 lives?
Gold?
Couldn't carry enough gold to make a difference.
Gold is overrated. The dollar is king. Holders of precious metals need to sell the stuff. Deflationary hell is on the way.
Every time I look to the east I see adversaries,.
Hmm.. come to think of it, D.C and New York are to the east of me.
Oh, and towards where should I be aiming my rug?
If youi find yourself "aiming your rug" perhaps you should revise your meds. schedule.
five times a day, in public, where everyone can see how f'n reverent I am
the gold goes where the bankers want, and we know who the bankers are.
Giggle.
Doofus... let me see if I understand you... cause you are obviously a very bright fellow...
'Deflationary hell is coming'.
In other words... I loan you a hundred dollars and you buy a share of stock for a hundred dollars whose value plummets to one dollar. Deflationary hell! You can't pay me, I can't pay my creditors, they can't pay their's and so on... and the market propped up on dollar printing must crash... either because the printing has stopped as it is rapidly leading to a population that cannot sustain itself in the face of rising prices for basic necessities... or the printing hasn't stopped and society breaks down.
Your advice then is to jump on the back of counter party risk and ride
that critter into the ground. Thanks... But believe I will pass.
Every paper dollar, or derivative that you own is backed by counter party risk.This is an old game that always has but one result. Think I will stick with my farm and pms... if I can manage to retrieve them from the bottom of the lake... you can keep your promissory notes...
Hmmm.... perhaps you are not as bright as I thought... btw, like your handle... here is where you get to make a comment regarding mine...
LF, not sure if your new but that guy changes his moniker about twice a month. Click the link it goes to his personal blog where he discusses his life in Korea.. King of trolls... Tyler will handle him at some point hopefully.
rotflmao...
He is not a troll. He is a SPAMMER.
Trolls seek to upset the flow of dialouge through misdirection, distraction, or other means.
SPAMMERS seek to use comments sections to direct internet traffic to their own blog.
There is a difference.
The best method to dissuade SPAMMERS is to ignore them and do not click upon their link.
Back to the topic...
FWIW...IN MY HUMBLE OPINION...
The Shanghai Futures Market has opened and offers a SUPERIOR PRODUCT over that of the CME Group (COMEX). The Gold Contract is totally backed by Gold on the Shanghai Market. Conversely the Gold Contract on the COMEX is highly levered...over 50 to 1...and that is even debatable.
Of course the Shanghai Market can do this as they have the Gold as it has moved from the West to the East due to Western Central Bank manipulation and supression of Gold Prices.
I believe that it is a wise and prudent decision to sell all of your CME Group Gold Futures contracts upon the open of the Gold Market on Monday. Take those funds and purchase contracts on the Shanghai Market.
As others will be acting in concert the price of Gold Contracts will realize steep declines on the COMEX for the next few days as the transfer of liquidity from the COMEX to the Shanghai Exchange is made. The "smart money" will abandon the INFERIOR COMEX contracts for the SUPERIOR Shanghai Contracts. Do not be caught being the one to leave the COMEX in a rush as you may be wiped out.
DO NOT SELL YOUR PHYSICAL INTO THIS STEEP DECLINE.
The price for Gold on the COMEX Futures Exchange will decline to ZERO as that is what an unenforcable contract is worth...NOTHING.
If you own stock in CME Group I will also suggest that you sell it and sell it short. CME Group's days are now numbered.
Heads up. This is the beginning of the end as the End Game is now being played out.
gold is the enemy of the state. to have the ultimate statist government controlling it is very bad for individual rights everywhere.
Troll or not...
>>:Deflationary hell! You can't pay me, I can't pay my creditors, they can't pay their's and so on... and the market propped up on dollar printing must crash...<<
Banksters are TBTF&Jail so they will, BY DEFINITION, remain standing - the government is there to make sure it is so.
After all, THE BANKSTERS FINANCE GOVERNMENT! They will be protected.
So everyone else gets financially blitzkrieged and the TBTF&Jail Bankster megacorps take over the rest of the economy
Duih - that's what you would do if you were TBTF&Jail and wanted to steal everything from everyone.
So, yeah, it will happen.
I didn't know banksters had Kevlar skin--pretty cool!
The Debt Money Monnopolists are so well organized they don't need Kevlar because nobody could get close to them - that's how they roll.
Kevlar is for their Praetorian class minions to riski their lives to protect their Money Masters.
well, c'mon, the best we can hope for is a return to the 12:1 leverage limit of more traditional fractional reserve banking
so $10 000 is more realistic, temporarily $15 000 with momentum overshoot
This is the prudent banker's response to the crisis.
http://worldcomplex.blogspot.nl/2012/09/japanese-financial-minister-foun...
"TRY $123,000 / Ozs"
How could I have forgotten a zero
I was just about to say that. What about this?
How much gold or silver did a person need to buy milk or bread in
Ancient Rome before they started mixing silver with other metals and
created the first inflation in history?
That is the true value of gold or silver and it never changes.
Then you can decide what each fiat is worthed in pm value.
I read somewhere awhile back that some of the bullion bars moving through Hong Kong into China had the Bundesbank hallmarks on them.
Pinto Currency,
China, gold, Russia…. How long do you think this marriage, and gold scheme of a very financialized China is gonna last?
Ohh, I got it!
Their scheme is supposed to be the clean slate.
Any option, other than the current corrupt theft, lies, market rigging and pilfering, is "a clean slate". WTF do you call the average banker today? Trustworthy? Noble? Honest?
Bankers are big enough losers right now as it is. No need to be a banker AND a troll and be a bigger dick than you already are.
nope-1004
You wrote:
“The average banker today? Trustworthy? Noble? Honest?
Then: “Bankers are big enough losers.”
Nope, with all the due respect, because two intelligent people can easily disagree, your post is naive and wrong.
First: Bankers, which is included on the Corporatocracy that runs America, are not losers. To the contrary. However, they will have the most to lose, when humanity reaches its limit, globally, and by the end of this decade.
Second: Trustworthy? Noble? Honest? Sorry, you’re being too naive.
I said it before and I will say it again:
Gold will be the last, and short-lived bubble. And shorting the dollar, it will be the trade of the century.
But both are stabs on America way of life. And there will be ugly repercussions.
Beware what you wish for.
i think he said his biggest mistake was not capping gold. of course he probably said it a few different ways. btw, he supported obama.
I think he was senile; or taking presceiption drugs. it is very depressing.
.
i wouldn't bet against it.
i wouldn't bet against it.
Quick get some more phyzz coz this trade is doing really well. Each week ZH has a new reason why gold should be $5000 . The manipulation is in your pants.
The Budesbank knew that their gold would be mobilized into the market to contain the prices when they made the swap arrangement with the Fed (actually the ESF) back in the nineties. It is the German people who are victims here, not the Bundesbank.
Germany has lost their gold and they are being told lies or maybe they where threatened that if they continue with this they will suffer.
I think Germany was probably told the truth, so they agreed to a huge reduction in delivery amounts. They were told that if they insisted on full delivery of their gold, it would likely expose the true situation with regards to the amount of gold, none/virtually none, in the USA, and this would potentiially collapse the whole economic edifice. So Germany tip-toed quitly away from it's initial demand.
+1. Shanghai opened Thursday, you saw what happened yesterday. Seems like maybe the Chinese have their eye on that 776 tons in GLD - you don't suppose they might either act complicitly with the western paper masters, or even conspire against the western paper masters, to SUPPRESS the price and facilitate the transfer of the west's remaining real wealth, before they change the rules, do you? They wouldn't be so duplicitous would they?
Remember, if GLD and SLV are truly leveraged 100:1 paper to phyzz, there may not be any actual metal left in these funds. The price drop may be people recognizing these funds could vaporize if empty and dumping their paper whilst they can. This has to come to a head sooner than later.
GLD reports 776 tons. This latest 8 ton drop is now the lowest level since it hit that number on the way up to 1350 tons.
Are we seeing the halted resumption of the drainage? Will this be the beginning of the end for paper gold? Will gold finally be repriced at its correct non 'managed' value? Will I fianally be able to tell the boss the 'shove it' (oh wait, I'm the boss. but you get it)...maybe...
Watch for heavy physical gold withdrawals from Sprott´s fund as well.
Why? I don't see that. Unless you mean that like GLD, Sprott doesn't have the goods.
The Chinese ? duplicitous? Nah. they're always simple and straightforward. And honest with Westerners; don't forget that' honest with Westerners. Yeah, no, I'm sure sure low handed trickery would be out of character there.
You one crazee Kwai Lo!
you seem to be paranoid enough to be successful in the new world. Verrry interesting post.
It was a very interesting "co-incidence".
well al huxley, i'm not sure if i'm capable to reply. i just hope i can make it to the store tomorrow and get my next bottle of wine.
Just pray to Jesus, sincerely, from the bottom of your heart. "lord I really need to get to that wine store"; you'll see he'll come through for ya.
so can i buy a contract on NY and offer it for sale @ shanhgai?
i think i have enough to do that
article's view is miopic at best misinformation at worst. the center was never anglo let alone american ... there have been always several centers just in case smt goes wrong somewhere.
The West is the center of the gold debt and paper gold problem. Back in the old days, a bank run was when people redeemed their private bank issued gold receipts/money for the gold in the vaults. The paper receipts ending up worthless as soon as it was realized the gold did not exist. The question I ask is whether or not that is what is happening on the exchanges in the West with the paper problems.
I believe the 'West' had significant 'paper problems'-ie. not having enough gold in the system- but they have bandaged that over with the Indian govt. to lend them gold at interest about 2 months or so ago.
Yeah, only 550 tons, though. That'll cover domestic Indian demand for a few months I'd think...
90 days; if everything remains calm. And I'm sure everything will; afteralll there aren't any serioius problems in the world.
"The American Empire and their EU disciples continue to accumulate debt and print fiat currencies."
And China and Russia don't accumulate debt and print fiat currencies?
only to an extent - they have also been divesting paper/fiat - and they are clearly playing the game with an eye to a new system if necessary
the west, however, seems to be 110% invested in paper, the $US and leverage / derivative madness
That;s right they don't accumulate debt. they have positive balance of payments.
yeropic..thats the word yer lookin fer fella
I wish you were wrong....US/EU produce central bank bubbles, Russia/China produce/engineer nearly everthing. Even Saudi Arabia is moving toward China for long term military protection. Headline stock prices for the 500 or so companies is all that matters to most. In 5 years fracing will have peaked, US military decline will be obvious and the world will change every so quickly. Enjoy compassion ebt cards and free stuff while you can.
"...Enjoy compassion ebt cards and free stuff while you can."
Talking about the compassion, do you folks know that the Eastern people are commonly venerating the Goddess of Compassion?
The Goddess of Compassion is known in various names in various places and languages in Asia such as Avalokitesvara (Sanskrit); Guanyin (Chinese); Chenrezig (Tibetan); Gwaneum (Korean); Natha (Sri Lanka); Lokanat (Myanmar); Lokesvara (Thai); and so forth.
Therefore the compassion is an important value within the Asian culture.
It's really pretty simple. Real money wins eventually. Always.
I'd bet a nice crisp $100 bill that Russian reserves are twice what it says on this chart; probably more. they're mining like maniacs and no gold ever leaves Russia; nor is it on the accounting. which is fair enough; after all, it's none of our business; it's their business. "He who laughs last, laughs best".
Id love a chance to peek inside that chamber just once! ! ! ! But even the dwarves know that if you accumulate too much gold, it always attracts Dragons.
so, here's what's really happening...
- US and EU impose sanctions, closing off finance access to Gazprombank / Rosneft / Novatek et al
- future sanctions are going to cut off sale of Russian government bonds (OFZ)
- Russia loses access to long-term financing as a result
- Russian central bank has no choice but to attract interest in buying their GKO-OFZ paper from alternate sources (various Asian and Arab countries)
- the Asian finance centers that Russia has in mind are Hong Kong, Singapore, Tokyo, and Shanghai (lol - Tokyo, practically a US proxy)... basically, wherever all the liquid sovereign and developing market funds live
- Arab sovereign funds are effectively Qatar and Saudi Arabia (again lol - US by proxy and firmly entrenched in the petrodollar)
so, you're going to areas that are less dependent on US and EU pressure but let's not kid ourselves... that pressure is still there and is part and parcel of petrodollar economics
clowns keep posting these articles announcing the death knell of the petrodollar, when all that's happening is these actions further prove the petrodollar's continued dominance... the reality on the ground is that Russia's Economic Ministry has downgraded forecasts for 2014 and is basically calling for a "cold winter" in Russia
don't get me wrong, there will be buyers, Russian bond yields are currently high which makes them attractive, but at most we're talking about alternate finance routes resulting in tens of billions of dollars, not hundreds by any means
it's judo folks... if you have a hold on me, I have a hold on you... the West is doing a great job of reworking their OODA loops to account for the "Putin effect"... Russia will be lucky if it doesn't have another year like 1998 at this rate
as for gold / oil / gas... ever try to get that stuff out of the ground w/o long term financing? good luck w/ that
+1 An interesting take on the current situation concerning East and West.
I wonder though, does judo have a choke hold that counters a scorched earth maneuver? It would seem to me that we are rapidly approaching just such a scenario.
well, you'll notice I have some down votes with no counter argument... the question one has to ask is, whose earth is it really that's being scorched? if you set your gi on fire while someone is choking you out, does that mean you win? food for thought
I still firmly believe our position is extremely tenuous ( US ). For all intents and purposes WW3 has already begun..... its simply being fought w/ paper and proxies.
I am saddened that our country currently holds the moral "low ground", so to speak.
While I am no fan of Putin, I can scarcely criticize his response to western aggression.
It would seem that all is right with the world as long as we are allowed,
unhindered,
to mount repeated incursions into foreign nations, in the pursuit of resources,
to export our inflation, alllowing foolhardy megalomaniacs access to our nation's purse-strings and treasure whereupon theft on a biblical scale can be perpetrated,
and install puppet regimes world-wide ( in the interest of spreading democracy of course ) regardless of the needs or wants of the citizenry that is to live under them.
I "get" that this is a real life game of Spades. Unfortunately, we're holding the queen ( reserve currency ) and I sincerely doubt we'll be able to shoot the moon.
( Risk would be a more appropriate game parallel but I like the imagery with Spades )
I don't know ....... maybe I've just finally reached that stage where I've grown weary of the hypocricy of it all. I grow tired of seeing the lip stick on the pig.
This is why a lot of us are the enemy too!!!! I am willing to bet on zerohedge this graph would be the same as boating accidents for individuals.
I can't believe that people on ZH are that dumb. Didn't they learn from all the anecdotal evidence posted in ZH comments that it is foolhardy to take yer precious canoeing. Myself, I took my bullion out of the canoe and buried it in a dry river bed last summer. Who'd of thunk that there would be flooding in the winter. Aren't we in some sort of global warming, unnatural man-made mega-drought? Long story short...my precious is under same water as if I went canoeing with it. Damn me!
Watch your 6 bud, amateur prospectors are known to go exploring those dry (or wet) river beds :)
Fight! Yeah kick the Fed's & USA ass.
Maybe we'll have some volatility (and cash for me).
Go for it.
Yes, ZHers(like all good GOP/TeaShitheads) think that which is bad for average Americans is good for them. These are the same who voted for "W" and now find themselves with no champion, unless you like Paul Ryan, Rand or Ron etc.
$$$$$$$ My friend WeNeedaRealGovt (a.k.a - Reginald L. Love) made $6,427 just last week using his laptop! All he had to do is troll ZeroHedge all day and down vote everyone! This is was easy money folks!!! To find out how to get started .... #NAMBLA $$$$$$$
Its not like the Sheeple haven't been warned.
Suck it up fag.
NUT.
Every time there's an election there are people all over the net trying to pretend it matters who wins. Go blue team! Go red team!
Right wing and left wing are both parts of the same nasty bird of prey.
And dumbasses like you (and most others) think that the universe can be arranged so that no bad things ever happen to anyone--even if the bad things (like bad-tasting medicine) ultimately lead to good things. The soft landing that you're so desperately looking for AIN'T GONNA HAPPEN...
>> But they will not go without a bloody fight.
The question being, do you want to be in the middle of that scrum? It's King Kong vs Godzilla with the small fry scrambling about just to try and survive.
You already are in the middle of that scrum.
Oh yeah!
Hey! Kool-Aid!
Any real fight needs real money, not fiat crap... Blood and HARD money it what wins wars.
When lions fight small dogs should be happy with what is in their belly...forget where I heard that one...
>> But they will not go without a bloody fight.
And that is the real problem, isn't it? How are TPTB going to be prevented from unleashing a nuclear/biological/chemical last dying gasp which will essentially extinguish most, in not all, life on the planet. Sure, they can try to hide in a bunker somewhere, but the surface survivors at that point will most likely be thinking "fresh untainted meat".
We mine about 2200 tonnes a year, so since 1960 thats about 118,800 tonnes plus all the gold mined before that lets say 50,000 tones , that gives you above ground tonnage of 168,800 tonnes . All the Governments hold about or less than 50,000 tonnes ,this gives a missing amount of 116,800 tonnes so where is it , anybody help me out here.
Oh, trust me - the top of the pyramid has their fiat hedged with gold. As do the good guys. Everyone's gaming the old system as long as possible but won't exactly be hurting when the new gold backed currencies are rolled out.
THIS is the reason that FOFOA is so against silver. Silver is the TPTW Achilles heel. Unlike gold, not enough silver laying above ground to go around. Keep stacking.
Saw a local commercial the other day advertising that, "We buy silver" and "We know what it's worth".
I'm guessin the Vatican has a few ounces
It's interesting watching ZHers trying to 'will' ' the gold n silver price up but it doesn't seem to be working. QE created many bubbles including Gold, Silver and Bitcoin. One day they will have another Bull market but not until this Bear market has concluded. Keep stackin it won't make you rich but it looks like it makes you happy.
The thing is, if the dollar price started going hyperbolic, it wouldn't mean that it's time to sell. Quite the contrary, it could very likely signal the beginning of the end for the USD. It's not about "getting rich" in dollar terms. It's about protecting yourself more than anything else. In a true SHTF scenario, gold and silver will unquestionably be recognized as money. The USD, however, may not.
I think you underestimate the intelligence and will of the "stackers." I think most are not attempting to buy low and sell high as is the concept with the stock casino. Rather these people are thinking ahead, for when the shelves are empty, anarchy is in the streets, and when the domestic violence of the dumbass NFL is the last thing in the dumbass liberal medias scope. You are underestimating the plan of these "stackers.""
In a kingdom with a failed currency; a man who "wasn't made rich" can look pretty good.
But the overwhelming majority of stackers don't have ALL their money invested in PMs, any more than art collectors have ALL their assets invested in art, or car collectors have ALL their assets invested in cars. Why is this so difficult for people like you to understand?
I have been hearing this since silver was around $40, it can't go any lower, there isn't enough. BS, supply and demand take care of everything and there seems to be plenty of supply.
not surprised this got the downvotes. Despite the past couple years, many on here are still convinced its going to the moon any day now. Ive read all about the manipulation, and agree 100% that it is smacked down to avoid damaging all the fiat currencies. That said, there does seem to be plenty of supply. Went to my LCS this week, made a small gold purchase. He had AGEs in all the sizes, gold maples, gold krugs, generic gold bars ranging from 2.5 gram up to 1 oz, as well as some older numismatic stuff. He also had generic silver bars, from a 100oz englehard down to 1 ounce, and tubes of ASEs, maples, and buffalos. About the only thing he was out of was philharmonics, which sucks cuz i have been trying to finish off a tube of them. He also had a shitload of morgans and 90% junk silver. He even had a bunch of platinum eagles in each size. Ill believe there is some kind of supply crunch or moon shoot on the way when i can't go get what i want at this guys store, or when it takes my order from silvertowne.com more than a week-10 days to get me my order. Until then, all this is just noise. I buy it becuase in 30 or 40 years, even if nothing bad happens, it will be worth substantially more than it is now, and don't give a shit about day to day prices.
The bullion product you see in your dealers cabinet and the product you don't see in their suppliers vaults can easily be inhaled by the public in a matter of hours. I have seen gold maple leafs go from a delivery time of five days to two months over the course of a single day. That was in 2007 and again in 2008. Something similar happened with silver in 2012 during a steep drop in prices.
The only reason you see so much product is because local demand consists of about 1% of those who have investable assets. Should 5% go through your local dealers door, that specie will disappear quickly.
I think there's plenty of supply if you're one of maybe .1% of the population that's buying a few oz of bullion here and there. If you wanted to buy a couple of tons, or if more than just the 'crazy fringe element' in the general population started buying I think you'd see a different picture. So I wouldn't take LCS inventory as a sign of robust supply, just lack of retail demand.
I get that, and i understand that if just a few % actually took delivery, comex would default. When there have been supply crunches, typically the price goes up. Not always, like 2012, but USUALLY. If, say, 5% of the population decided gold and silver were a better place to put their money than stocks and bonds, i would expect both my LS to have supply issues, and for the price to go up. My point was that, right now, there is plenty of retail supply, since there arent many of us buying.
Listen Carl. There is nothing like the feel of "REAL" money in ones hand. The weight, the temperature. Nice.
I buy, I hold.
What's the half-life of gold?
Gold, like what you get when you buy PMs (Au-197), is stable and can't be radioactive, so half-life is N/A.
http://chemistry.about.com/od/elementfacts/a/gold.htm
"There are 36 known isotopes of gold ranging from Au-170 to Au-205. There is only one stable isotope of gold: Au-197. Gold-198, with a half-life of 2.7 days, has been used to treat cancer and other illnesses."
Forever? Ah, trick question, right? S/
Yes...What is the Half Life of a Dollar?
At a targeted 2% per year Inflation Rate it is about 35 Years.
(And I was under the impression that the Fed was there to provide stability for the Dollar's value? Yes...I guess a stable decline is stability...*cough*, *gag*, *choke*)
Why Gold Is So Rare
"UNLIKE diamonds or gem stones, which are produced under the Earth by extreme pressures and heat, gold is a NON-TERRESTRIAL metal, meaning that all the gold that exists today, above and below ground, is all there ever will be. Gold is not produced by the geology of the Earth; in fact, Gold doesn’t even originate from this solar system. All the gold that exists on Earth today arrived many billions of years ago during the early period of Earth’s formation. Gold is a heavy element with an atomic number of 79. As with other elements heavier than iron, gold was created in the far reaches of space in some of the most violent events in the universe – supernovas."
More at here
There are indeed some factual reasons why gold is famously nicked as the BARBAROUS RELIC
-------------
"All truth passes through three stages. First, it is ridiculed. Second, it is violently opposed. Third, it is accepted as being self-evident." -- Arthur Schopenhauer, 19th-century philosopher
Nevertheless, my LCS told me he has made 3 deliveries to some local guy of 7,000+ oz's each over the last few months. Somebody's buying, just not panic buying.
Yes; there is supply. and Yes, this is a demand driven market. it always has been. and yes, the demand is down. all of this adds up to the normal functioning of markets, which swing from one excess to the other as the mass mind rolls around; the mass mind is not rational and does not make good calculations as to its furure benefits. But events penetrate the in-attention of the mass mind and then t he received wisdom swings the other way.
What's TPTW?
I'm not quite following your thinking on FOFOA's view against silver. Can you explain? FOFOA's against it because it's scarcer than gold?
I used to follow "another" and "friend of another" on the Centennial site some years back. It was another who advanced the idea of a currency revaluation against gold.
Fifteen years of reflection has lead me to the conclusion that the gold silver ratio is going to around 80 to 1. That won't be the result of silver going down in value. It will be the result of desperate central banks over valuing gold in an attempt to create debt free currency.
Those of you who hold silver will be very happy you have it when that happens. You will just wish you had bought a little more gold. Silver does have the potential to advance by two or three fold against gold in the short term so don't fret about this. Just remember that gold is the king of money and will remain so.
For those interested.
Buy silver instead of gold when the ratio is greater than about 65:1 and sell silver and buy gold when it's below 45:1. It wanders back and forth and has been averaging about 60:1 recently.
If accumulating physical I only acquire gold because silver has VAT on it where I live.
"What's TPTW?"
The powers that were.
Like Blythe Masters for example.
Soros has it
one simple example - a single mobile device contains an average of 0.034 grams of gold
http://www.truthaboutsurfacemining.com/SurfaceMining101/Documents/surfac...
If cel phones become obsolete in 3 to 5 years, why are they using tarnish-proof gold contacts?
Silver oxide conducts electricity, so silver should work just fine.
Heat dissapation/thermal conductivity is more important than electrical conductivity although the better the conductor less heat is produced. Heat is the killer of all things electronic. Even though processors are more efficient, we are asking more from the latest gadgets such as thinner the better. Thin sleek cases are not conducive to heat disappation. There really isn't a better, abundant material than PM's particularly Silver when it comes to thermal conductivity. If heat levels go over a threshold, processors slow down and function at a considerably lesser, unacceptable level.
so with an ounce you can equip ~915 devices - currently $ 1,34 per piece
About 1.30$ at current value.
At my house
That's A LOT of gold in your house ;-)
some lost here and there, bottom of the ocean or deep down in the junkyard. Also used in electronics, jewellery, some stacked away in my safe and so on... 116800 tonnes divided by 7.000.000.000 people is not a lot. 16g to be more precise or ½oz if you count it the american way.
The safe is not safe.
That's the first place they will look.
Cast it into fishing sinkers, and paint them gray.
Keep in a rusty coffee can on the basement floor.
As far as Im concerned right now I´d have to hide my assets from thugs and visitors. For this my safe is way better than anywhere else in the house.
If i cast it into fishing sinkers my damn brother will make sure they are lost in the sea forever.
if "they" come for my yellow assets I´m sure we´ve had enough time to forsee it. "They" wont confiscate until its absolutly necessary to keep the wheels spinning, and we are not there yet.
Excellent counsel.
No deposit boxes either.
Make it into a hat to stop mind bending brain waves,
Some piles of looting may be re-buried deep down under earth, for instance the looting by the Nippon Imperial's General Yamashita in the Southeast Asia,,, perhaps not all were recovered by the American after WW2. The same case could be said upon the Nazi's loots in Europe, the stacks sent to Switzerland's vaults for the benefits of Vatican might not represent the whole. Just saying.
You need to get out more often A. Go to Asia and you will see where the gold has gone...walk around the pagodas and stupas with their golden buddhas and gold flaked roofs....or go to India and walk by any field - gold bracelets and bands on every woman working there.....not to mention the huge amounts hidden away in temples......and in the basements of the CB's.
High-carat gold too. Our ladies walk around with zinc around their necks.
Correct. 'Mericans and Canucks typically wear 14k gold. Everyone else wears 18k. Or more.
Abit:The wealthiest people in the world hold those tonnes. They know.
Tucked away in Rothschild vaults.
In Switzerland there's a train to nowhere. It's a full size freight rated track that goes into a tunnel in a mountain; thru nuclear proof blast doors; to nowhere. the tunnel has no exit. There's a lot of Gold in there; A lot.
Switzerland is not what it used to be.
Gold gone?:
http://www.tfmetalsreport.com/blog/5731/turdville-love-open-letter-good-...
Swiss banks’ assets amounting to a staggering 500 percent of Swiss GDP.
http://kingworldnews.com/kingworldnews/KWN_DailyWeb/Entries/2014/9/18_He...
Plus:
http://www.zerohedge.com/news/2014-07-12/silver-150oz-possible-coming-mo...
Don't be overinfluenced by the media coverage. the tunnel is still there. Some of the bars have the Nazi swastika on them. they've been there quite a while. I have this second hand. Even when I had a numbered account there when I asked if I could accompany the train, which was scheduled to make a deposit; ti was met with an unusually rude --"NO, you will not go.". But their bookkeeping is very good. I switched to Austria because they actually spoke English and didn't make mistakes; sometimes my Swiss Banker made mistakes.
116800 tons (more or less). Privately held - that's where the real power in the world is, the nameless guys behind the scenes calling the shots. And they're not feeding the market with their private stash, in a panic 'capitulation selloff', you can be sure of that.
Probably less; you know; this kind of accounting is little better than scientific guessing.
"so where is it , anybody help me out here"
Worldwide Jewellery, private hoards in France and Germany, private stockpiles of the Saudi Royals, India, Japan, China etc etc
Some people in Europe own metric tonnes; personally. they've seen quite a few 'distrubances" in the paper money world.
Families in Europe; french, italian, german, austrian, Swiss; etc. Some old families have 100's of billions, but they're never, never in the paper.
That gold is in the hands of the people around the world. In the West it can be found around necks and on hands. A large amount is in the mouths of many. It can also be found in coin collectors cabinets. Although the West has about only 1% (or less) of investable assets in gold that 1% constitutes thousands of tonnes when viewed against the other 99% of paper driven product. That includes those who have had unfortunate boating accidents or can't remember exactly where that hole in the backyard is.
Curious the author neglected to mention India where gold savings are ubiquitous. There are temples there that have more gold than some of the top ten central banks. The middle class of India is larger than the entire population of North America and they want gold. Thailand or Vietnam claim very little official gold yet both nations have expressed concern or actual legislation addressing the public affinity towards gold.
There are legitimate funds and private banks that hold gold (not receivables or other derivatives) all over the world. The one place that gold is truely rare is in central bank vaults. Leasing has been used heavily for almost two decades to keep the price contained as per Alan Greenspan .."Central banks stand ready to lease gold in increasing quantities should the price rise". Official umbers count leased gold (receivables) the same as physical in the vault as per IMF rules.
Leased gold at, what, 10x..20x.. 50x... 100x....? Just curious on your thoughts.
The rest (actually govts hold a tad less) is in private hands. The old rich but mostly in the sock drawers of third world nobodies and on the necks of Indian brides.
You should know that old saying: if it was up your ass you'd know.
"You can sense the desperation of the ruling oligarchs. Their fiat world is beginning to crumble. But they will not go without a bloody fight."
Which is why change will not arrive via the ballot box.