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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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Oooh. Talk like that will get you a ticket First Class to the nearest FEMA camp. Tut-tut.
FYI: My sales of gold and silver U. S. coins are consistent with spreads that have not varied throughout the "downturn" in spot. Typical silver Eagle or Maple is getting $24 and 1/10th ounce gold Eagles are a consistent $140 to $145 per. Tells me that the premiums have not budged for the small buyer. Offer prices from the bigger bullion sellers are dropping, but auction sales have remained constant. Curious, eh? Perhaps there is a sense out there that one should pick up an ounce or two with the meager discretionary income available. That would be a major shift and could turn into a trend.
I think the Shanghai Int'l gold exchange will be a one way purge valve.
Domestic SGE gold is not allowed out of China. International SGE exchange becomes a Magnet for all world gold and has the one thing the Comex and LBMA do not have. Transparency.
It will be a physical one way international gold purge valve, no different to a black hole that sucks all gold from every corner of the earth into China.
This whole thing will go down as the West's greatest folly.
Thunderchief; good post. I expect the day Chinese dealers come over to the States and buy out entire coin shows with cash. Getting it out of the country will be more of a challenge, as it will be illegal to transport. This in the next 3 years.
Never mind that protection will not be realistically possible for such buyers or sellers - they'll find themselves as unfortunate targets. In that scenario, people will be encouraged to look the other way.
The chinese are usually subtile rather than crude in their methods. Also, the wealthy are not interested in 'coins'. For instance, some customers came to a bank in Zurich and drove down into the underground parking level with their Land Rover and loaded up a Metric Tonne. I asked the Bank Officer, where did they take it" A very stupid question, of course. he said, "we don't know".
Expect it will be the reverse of the movie Goldfinger. instead of the Chinese plane landing and dropping off a big pallet of gold bars, the Chinese plane lands in Switzerland and picks up a big pallet of gold bars, and then flies back to China. Pretty simple.
Where did all of Iraq's and Libya's looted gold go?
Nic Cage's vault?
And Ukraine.
Ukraine we know. That gold sits in Frankfurt.
.
Sure, let them hoard a relic. And then when the water runs out, they'll fight each other.
Last time I looked at a globe, seven tenths of the earths surface was covered in water. Did I miss something?
Well there's your first mistake. Who showed you the earth was round?
Well, the earth isn't EXACTLY round, but it's pretty fucking close. Do you think it's flat Barnaby?
It has never been suitably demonstrated to me that the earth is round, in fact the best anyone's ever done is try and show it's a smashed-egg shape.
Yet we believe this information on the faith of our fellow man, and the Replogle Corporation, who made my beautiful globe in the 70s. I wonder at what point we stopped doing science and jumped right into faith?
With our own eyeballs all we ever see is flat, and every one of us will die never having seen this world as it really is. We will only have been told what to think. To me, that's the nexus of our world's problems.
I wonder what angle an ant observes while walking across the roof of the Singapore Sports Hub?
Granularity, as in all observations, is key.
Put me on my own spaceplane where I can see with my own eyes. Is eyeballing such a thorn in your side that you resort to syllogistic invalidities?
For what reason are you trolling, Barnaby?
Yes I can determine that the Earth is a spheroid without ever leaving the surface. I can determine the shape of the shadow of the Earth during a Lunar Eclipse. I can measure shadows at different latitudes. This knowledge is old. The experiments are repeatable. I need not see in order to infer from measurable data.
BUT THIS ARTICLE IS ABOUT GOLD, CHINA, RUSSIA, and war. The shape of the Earth has nothing to do with it. Neither does it have to do with the availability of fresh water.
Who do you work for, Barnaby? Do you work for CME Group? Do you work for Goldman Sachs? Do you work as a Government agent?
Why the trolling, Barnaby? Is this subject matter too uncomfortable for you and your handlers, your bosses?
Good!!! Here is hoping to the demise of the current paradigm, Barnaby. I am so pleased to inform you that the price manipulations has destroyed the USA.
Corporate shills as yourself have helped to bring about its destruction...for short term gains.
Here is to trolls as yourself, Barnaby. Are you feeling proud that you have been a traitorous twat?
We are all made of water. Eventually it will come down to that. Things I stack now will mean nothing to a thirsty brood, if I were so ignorant as to bring life into this cesspit.
Got kids? You're the real troll.
Woah this is mind blowing. I don't know how american public education can produce mongoloids like barnaby. I quess he has never heard of a satellite nor seen a photo of earth from space? Damn kreationist schools... (in a god of the bible sort of way. Sure there can be a creator of all things but I doubt those sand niggas got it right a couple thousand years back)
He is trolling.
Now I do believe that Jesus had it right. But that is another topic.
Back to the topic...
The Physical Gold has been shifted from the West to the East.
There is not enough Gold in the West to back up their paper promises of delivery.
That is an outright fraud.
The East is offering a SUPERIOR CONTRACT.
An contract which is unenforcable, such as CME Group's Futures Contracts on Gold, are VALUELESS.
The price of any VALUELESS INSTRUMENT IS ZERO.
That is where the Comex Gold Price is heading.
Sell your Comex Contracts now, before your liquidity is diminished and it is too late, and purchase the Shanghai Exchange's Contracts to replace them.
Barnaby is here to distract you from protecting your wealth.
Ever watch a ship disappear over the horizon? Why does the lower half of the ship disappear before the masts or superstructure? And where does the ship go? Off the edge of the Earth? Don't you think we'd hear about a rash of ships falling off the side of the world and drifting off into space?
That's true, but most of the earth's water isn't drinkable for humans, except at a fairly high cost. So far.
If the threat is real I think the western elite will go without a fight because Russia and China can afford the few sharpshooters to take out the few banking families and CEOs of the TBTF banks.
A real war would not benefit anyone. More likely the situation is that the elite of the world are only threatening war on behalf of the populations or for depopulation by a controlled nuclear and bioweapon strike.
I am sure many of the TPTB in the west would sleep better if a select few data centers and archival sites were turned into glass, so a limited war would definitely be viewed as a benefit to some. Full scale NBC war, not so much.
Not to worry, the elites and their psychotic offspring are immune to the chemtrails and mind rays so they will be fine.
Must I? {S}
We have gone from:
Classic gold standard 100% commodity backed currency
Interwar gold standard 40% gold backing 1914 - 1944
Breton woods gold standard world currencies changeable with US dollar at $35 oz
1971 end of Breton woods onto fiat US petro dollar standard
Now fiat is dying and gold and crypto currencies are coming back into play
Everything you said and more in a vid.
https://www.youtube.com/watch?v=TC3tINgWfQE&list=UUEHsSWvrGVSIA63OV3J6vhA
Thanks ozziindaus, a very good read!
Here's a weblink for the sources, documents and full transcripts:
The Geopolitics of World War III | SCG News
http://scgnews.com/the-geopolitics-of-world-war-iiiWe have gone from a gold standard to a debt standard, where both fiat AND gold (the latter for the most part) are inexistent IOUs.
Well said.
Notice that their imports have declined. Must be related to Supply issues.
Not sure if this is related to the Chinese imports, but I have noticed "supply" issues domestically, insofar the (Buy-Sell) Spread has widened considerably. Used to be 2%. Now is >10%. Watch this "Canary-in-the-Goldmine".
are you out of your mind? Supply issue? Its a demand issue. Man, some people can look at something that is black and white and say its pink!
So you think the Chinese have enough gold now and don't need to buy any more?
I'm happy to accept your argument, if you can give me a compelling case for why "Lack of Demand" drives up price Margins.
Because the retail stores you do business with have to pay the employees and the light bill; less volume means more premium must be charged. This doesn't apply to real gold and silver markets, like bullionvault.com.
I just wonder, what kind of weight the NSA had on Germany. It must be huge or we told them of something that we have that would make the thought of Lebensraum more desireable. Having lived in Germany for almost 8 years I got a pretty good idea of their thought processes. They are very shrewed. They only buy on Sonderangebot Saturdays. They got something in return for their tons of gold that we chumped them off with. I hope that it's not a red button, in a briefcase, that some nutcase in uniform has within arms reach.
The "FIX" was done when the CME allowed central bank participation.
Blaming Gold as the reason Russia and China are the new enemy ignores the big picture. This is that Russia and China are challenging the reserve status of the petro dollar. Traditionally this has resulted in countries being invaded and having their leaaders murdered by the US or its associates. Russia and China are too powerful for this but the US has no plan B apart from escalation. Should the USD lose its reserve currency status then the US will likely collapse under the massive amount of debt it has accumulated. Gold is being ruthlessly manipulated by the the pro dollar lobby as part of the strategy to keep the dollar's reserve status. Russia and China have been taking advantage of the price suppression to load up on massive amounts of gold at discount prices because they know what is going to happen to the price of gold when the manipulation ends.
No; it's not ignoring any big picture. Gold and the Petro-dollar are the same big picture. the two sides of a coin, to make a weak pun.
Blaming Gold as the reason Russia and China are the new enemy ignores the big picture. This is that Russia and China are challenging the reserve status of the petro dollar. Traditionally this has resulted in countries being invaded and having their leaaders murdered by the US or its associates. Russia and China are too powerful for this but the US has no plan B apart from escalation. Should the USD lose its reserve currency status then the US will likely collapse under the massive amount of debt it has accumulated. Gold is being ruthlessly manipulated by the the pro dollar lobby as part of the strategy to keep the dollar's reserve status. Russia and China have been taking advantage of the price suppression to load up on massive amounts of gold at discount prices because they know what is going to happen to the price of gold when the manipulation ends.
The interesting point comes when China looks at the contracts offered on the exchanges. Looks at the level in it's vaults and says "I think I'll call your bluff on delivery".
You have entered the Alibaba Zone...
THE ENEMY OF MY ENEMY IS MY FRIEND...
HOW FUCKED UP IS THAT....
....when - IN THIS CASE- it's true?
"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."
This is a little more simple than my opinion on the west agressive behavior against Russia and China, BUT, it is one of the most important drivers of Washington's lust for war. The EU, is so slavish and delued that it is hard to see them as an indenpendent entity. The EU leaders respond to Washington's command, they do not represent the interests of the European people.
The EU is now a hopless giant idiot following on a chain behind it's much more clever manipulator in Washington and Tel Aviv.
The ECB has 10,800 tons of gold on its balance sheet.
To me that does not say the ECB is weak nor inattentive to the gold issue.
I believe that for a large central bank they feel they have enough to manage their currency in a new system.
It will be the dollar that much change as the FED has no gold, just certificates and a bit they hold for other parties.
well, we don't really know, do we? I guess we'll just have to wait and find out.
The gold on the balance sheet includes that which has been leased out, perhaps never to return and maybe on someone else's balance sheet too.
How much physical gold the ECB actually has is a different kettle of fish.
The Euro was invented by a French and Belgian Socialist together; like Dr. Franenstein they should have been more careful into what they breathed life.
The second chart is comparing apples and oranges. The amount of gold held by China is different than that mined and brought in through Shanghai. Some of these are additive year over year (mined supply should be additive year over year) and others are not (reserves). So it is hard to tell what the message is here....
True. But we have the control. Tell everyone you know to sell the predatory trading scams (NFLX, AMZN, TSLA, LNKD, etc) to raise physical cash and buy physical gold. They cannot handle the weight of their own financial asset bubble.
"everyone you know" couldn't influence the price of captain marvel bubble gum. let's not start that "bankrupt JP Morgan nonsense, again.
"What we see now, is a cruel battle with time. On the one hand, Russia and China, together with the rest of the BRICS, are trying to get rid of the dollar and form their own currency system to gain complete independence, on the other, the neocon banking-corporate puppets in the US are in panic and seek desperately a pretext to come to war with Russia and put an end to this threat for their plans. This explains their agony to drag Russia into a warm conflict."
http://failedevolution.blogspot.gr/2014/08/the-dominant-elite-ready-to-b...
Ackerman says $1200/$1130/$1000 all possible. Silver $17.40/$15/$10.80
Yes, I agree. But so what? Short the idiot miners, and then buy their product from them at BELOW THEIR COST, and take it off the market. The absolute WORST CASE for holding physical PMs is that you die and leave it to your family. Way better generational wealth transfer mechanism than anything else.
Amen.
I never thought about it in that way - but correct.
Bought more 100 oz silver bars from APMEX today - Engelhard - almost sold out.
Leaving my married daughters a map, so that the grandchildren can find the bars.
True "savers" don't give a shit about today's or tomorrow morning's values.
Good luck to all.
Yes; it is simply. Correct.
a very sensible and well thought out post. there's a wonderful case history of a man in 1895 who had become a millionaire on the US Stock Market; when he died. He left a will saying that his only Son could not touch any of this investments, "in the very best blue chip stocks", until he was 25 yrs. old; because he didn't trust his youthful judgement. By time the son was 25, in 1907; the inheritance was worth nothing and the Son owed 35,000$ in Attorneys fees. He committed suicide. Everyone should rean his post twice, and then think about it carefully. This case history is in a book about the history of the stock market in your public library.
That would be FANTASTIC if it happens. I would even borrow fiat to buy!
Yep, their paper PM ponzi scheme might blow at any of those levels.
It's all controled by paper PMs.
There's no question that the game changed in 2008; the charts speak volumes on the change in their underlying policies that show no sign of stopping these actions anytime soon.
There's never any sign that their policy will change; they don't ring a bell at the top; or the bottom. Nevertheless, that which is impossible will not endure.
Did anyone notice that after the Scottish referendum commodities got smashed? The powers that be let out a huge sigh of relief and went back to banging gold and commodities - the only unrigged value systems. They will keep pushing up the $ and pound until they can't....the dissonance is now quite astounding....the end of this movie should be worth watching although it could get apocalyptic. The SGE should be the straw that breaks the camel's back imo. The emperor is Chinese and he is wearing a golden robe......
Janet said the Fed would have it's books balanced by 2020.
LOL. Now, that is funny.
Balanced to what?
Just like their goigto raise rates.
They'll keep printing until the gig is up.
Fiat backed by nothing.
is that when the $=0?
That's very much doable by hyperinflating away the debt. How much would an egg cost by 2020? $100? That seems plausible to me...
I don't look for much to change in the near future since those megalomaniacal, psychopaths in power are so connected that they could ass-rape their mothers and strangle them; skull-fuck their fathers and slit their throats; not get so much as a citation and put on a suit and tie for the Sunday news talkshows and be thought of the most brilliant spokesperson ever...
<<< I stack, so count me too
<<< I love debt-based "instruments", no PMs for me
I like to stack, but I also like to keep perspective and Allocate wisely, by investing in a range of Primary, Secondary and Tertiary assets.
No better way to mitigate Risk and optimize ROI. One string does not a guitar make, and certainly not a band.
Look; just get rid of the mining stocks. you made a mistake. get over it and get on with something else. I make mistakes all the time; everyone does. do you want to be a band, what ever that means, or maintain your purchasing power ?
GOLD AND SILVER PRICE SUPPRESSION: A DANGEROUS GAME 10Sep14
"...Gold disappearing into strong hands through normal market forces will end the manipulation eventually. But it would take only one buyer, hostile to U.S. market policies, to put the short sellers out of business overnight. This would be a tactic of financial warfare to attack our markets and our currency, not a shot at making profits...."
https://www.moneymetals.com/news/2014/09/10/gold-and-silver-price-suppre...
The suppression of gold prices is essential at all costs to the Anglo-American banking interests.
Because when you've lost your mind nothing else really matters other than always being right -regardless of what the cost(s) of your own actions might bring you?!
I think all the readers on ZH are in agreement after just what took place at the military depot in Donetsk that the Samson Option is certainly in place and the Rothschild(s) along with their consorts are losing both money and patience in this to put it politely bizarre and thoroughly irrational approach for control!
You gotta remember, though. Rothschilds and their fellow hyper-predator comrades have always been expert at shifting the negative consequences of their actions onto others, while shifting the positive consequences of their actions onto themselves. They've been very successful at that for generations, so they naturally assume any variations on that theme will be short lived. Let's hope not, but statistics greatly favor them so far.
I don't think China's current mine output is 1.4 kt. More like 500 T (see Fig. 2).
I douibt if the Chinese even know. Whatever it is; it's being "hoarded".
"The suppression of gold prices is essential at all costs to the Anglo-American banking interests."
Gold went from 250 up to 1900. Who was suppressing it? At 1900 it was rising parabolically. All parabolics fail. The decline is corrective. Once the correction is over, the price will rise again.
Once the correction is over, the price will rise again.
Define correction mb?
What is the cost to extract PM from the ground purify it and sell it versus the printing of boundless digits on a computer screen, and at what point does this "correction" become proportionally more skewed towards PM value increasing ever more in those boundless digits created from nothing?
In short. How do you place a value on a finite quantity of something with value vs. an infinite quantity of something that has no value or should I say soon to have no value whatsoever?...
He;s referring to the dynamics of Markets; which operate by the principles of mass psychology and not by rationality.
Base minds can debase anything , even platinum
http://www.forbes.com/sites/kotlikoff/2013/01/19/the-treasury-has-alread...
"The coin doesn’t have to contain $1 trillion worth of platinum. It can be microscopic for all the Fed cares as long as they can use a electron microscope to read the $1 trillion In God We Trust inscription. But it has to be made out of platinum. No other metal or substance, like a piece of pizza, will do. The reason is that the Treasury has the right, by an obscure law, to mint platinum coins, but only platinum coins. Otherwise, making money by making money is the Fed’s domain."
Following rules that are absurd is absurd. Making pizzas into money makes more sense than you can't mint coins cause we say so. There will be blood or I'll be drinking their milkshake.
Whomever defines "money", creates said "money", and regulates it as well, has ALL the power..... period. Next question.
I don't subscribe to the interest of one side trying to preserve the Dollar at all. It's a created illusion just like Red Team Blue Team. They WANT the dollar dead and out of the lead. Nothing will save it, war not excluded. Picking orchestrated fights KNOWING all along the end result. The final plunder of the US.
+1000000
Exactly. this is entiorly orchestrated. new boss, same as the old boss.
Just for grins, let's play out your scenario: After the USD loses its GRC status, then what?
My contention has always been that when it loses its status as the GRC, it 'merely' gets demoted to a RRC (Regional Reserve Currency).
That would actually be a blessing for the country, but not for the Neo/Zio-Cons, whose only acceptable outcome is Full Spectrum Domination in the world. To me NWO = Manifest Destiny 2.0 = Global Imperialism.
I have no idea what you said; but 10mm is certainly better than .40 Slow&Weak.
Well, I like, .45 ACP, in the revolver form, but the 1911 platform is pretty sweet, too.
Well when the war starts you bet the West know exactly where to nuke and then there will be no yellow for anyone to claim against the new money - problem solved
Goldfinger, but in reverse
Ah, the old "You and what gold?" stratagem.
Many decent yet ignorant people are going to be washed away when the fiat dam breaks. I almost feel sorry for them.
Sorry but I'm not going to just sit here and starve while other people exchange their shiny rocks for food.
It goes food, shiny rocks....then paper.
Good. Then I guess you will have to go to work for those shiny rocks.
Awwwww....Did I write a four letter word? WORK?
It is no different than working for Inked Paper.
If you Americans are smart you may want to consider hedging and moving some of your precious metals outside of your ever tightening borders soon
Once the SHTF and everything crashes if they don't confiscate they will certainly do something like price control PM's to prop up the fiat regardless of what the real outside world market has for a price
FYI graded coins are apparently considered acceptably categorized as framed artwork for shipment. But maybe that's acceptable now because they aren't checking to thoroughly yet. Not sure how good CBE is in your country. It may be the same.
The far greater probability is Taxation at POS.
/ IOW, "No windfall profit for you, you Unpatriotic Speculator!" / sarc
Don't say I didn't warn you.
Okay, you warned me; thirty five years after I figured this out for myself; but you did warn me.
hehe!
Wait, wait for me, try to learn Russian, Cantonese and Portuguese of Brazil.
Once the thing starts to break, Vale do Rio Doce and other mining companies will be nationalized.
Bye!
Spend his papers to clean the rear or dollars cut shaped confetti to use at the carnival of Rio de Janeiro.
Little miss, little ...
Every Chinese and Indian I know devotes a portion of their earnings to 24k gold. the Indians do it for the jewelry and dowry for their kids and the Chinese I knw do it either beacuse they collect those 24k lunar coins [and investment] or they like the 100 gram bars for investment in hard assets.
Odd how much bankers and the Fed hate gold.
this is more smoke and mirrors. BS
we dont actually think that the BiS and PTB aren't behind this transfer? of course they are.
the locusts have consumed us ( US ) up. they are done. time to move on to the next greener pastures.. the BRICS.
new boss, same as the old boss. nothing new here kidz. SSDD. catastrophic on the outside, except all the insiders are way a head of the game, and positioned to remain the bosses after the change. NOTHING CHANGES, except the day to day lives for us serfs. but that never mattered.
P < P + I
This is certainly a contingency that isn't explored nearly enough these days. Remember, the beginning of the "Chinese Miracle," the decoupling of gold, and the Petrodollar were all born of the same Nixonian administration, and we all know who was pulling those strings.
Perhaps there is genuine opposition Eastward. But given that above ground supply and CB assets are so deliberately obfuscated these days, the West to East physical wealth transfer may very well be an "egalitarian" redistribution for the coming of a Global Gold Standard... in which case, game, set, match.
Won't know until it happens, though. All speculative at this point.
How about those COMEX gold contracts leveraged 70:1?
Silver question… Why are Englelhard bars priced so much higher than J&M, ??there's like a 15% spread on the 10 ounce bars on APMEX now Between the two.... these are the modern struck type??
Engelhard doesn't mint bars anymore. Once they stop making 'em, they become rare and collectible. BASF owns Engelhard now. The old silver company makes women's perfumes now. that's why Engelhard costs more. Like Colt pistols. They ain't making no more of 'em.
Thanks ... Do you think they're worth paying the extra premium?
Also thanks. Had not thought of that.
There are some collectors and numismatists who value them. A few in the collection is not a bad idea.
Thanks BD63
Dealers right now pay a few bucks more for Engelhard than other lesser brands. And, of course they cost more when you buy from dealers. Another rare issue is the dated bars stamped as having come from NY or San Francisco gov't silver stockpiles. they started life as no big deal, and today are quire sought after. The coins/bars/collectibles that you can put your hands on easily today will be the rare items of tomorrow. You won't make a killing, but your kids might, and your grandchildren certainly will, assuming they inherit. Also the older poured bars are generally more collectible than newer 'struck' bars.
The big difference in collectible coins and bullion is this: bullion is savings, and rare coins are investment. Bullion is available and doesn't take a lot of study to understand. Rare coins/bars require a couple of years of hard study before you are safe or qualified to make investment decisions about them. Anything that is plentiful today, and overlooked, qualifies as a rare and valuable collectible of tomorrow. Always try to get rounds or bars that are dated or have serial numbers. If they don't, they are still good bullion, but will probably never be collectibles. Certain common silver rounds, for instance, could end up being valuable in many years simply because only a few hundred thosand were ever minted. What I mean by that is: how many 1957 Chevy brochures could you have had for free at the Chevy dealer in 1957---and what would one cost you today in mint condition. ? They were plentiful, and overlooked and most were thrown away. Today, you'd have a bloody fortune if you'd kept a box of them.
Engelhard 1 oz. rounds from the 80's are worth 30-100% more over spot as collectibles than as silver. We know how many they made, but we don't know how many were melted along the way. A good place to start is Wikipedia / Engelhard. But then you've got 2 or more years of study in my opinion before you should be plunking down good money for rare items.
Another valuable that no one sees right now--and I mean no one-- is the gold American Arts Commemorative Medallions of 1980-84. They were the US gov'ts inept attempt to compete with the K-rand. They flopped. Then in 86 the US went to the Eagle. Most of the medallions were melted as gold prices fell during the 80's-90s.
The thing about the American Arts Medallions is they were badly packaged, badly marketed, pretty ugly to some collectors, honored some artists no one had ever heard of, and only a few hundred thousand of each was produced. Then, most of those were melted over the last 30 years. We know that from one serious study of those medallions. Very few exist today, and no one collects them, so they sell, when you come across them, for spot price or 1% over spot. Hell, I even bought some years ago below spot, because dealers didn't know what to do with them. Simply because no one wants them. Dealers see them as scrap bullion, almost.
Here's the kicker: They are the exact same weight, composition, diameter (size) as the 1 oz Eagle and the 1 Oz K-rand. Same gold, same everything. I can tell you that most (95% ) of coin dealers in the US have never heard of them--I know that for a fact. But tell me where you can buy gold at 1 or 2%....gold with known survival populations of just a few thousand for each dated issue. The US minted 10 issues altogether---five years of 1 Oz along with five years of 1/2 oz. Even Red Book, the so-called bible of coins, ignored them until 2010, or 2012, if I remember right. I do know they are in the 2013 Red book, page 428 in the soft cover edition. Again, you can start with Wikipedia. You can find them once in awhile on eBay at really jacked up prices, but if you are buying coins on eBay, you need to up your meds and check into a laughing academy, and when you get out, spend an extra 4 years studying coins before they let you on the streets.
Once in awhlle you can find dealers who have a handful, or one or two, and don't know what to do with them. And that also describes Engelhard bars just five years ago, when no one was putting a premium on them. Yes, I collect Am Arts Medallions--have for years--(I am not a dealer) and I'd love to see the values go sky-high, because I see them as rare issues, but I'm the only person on Earth who does collect them. So even if you rush to buy one or two somewhere, it isn't going to help me. They are the only US Mint issue that don't have their own aftermarket collector hobby album (Dansco, etc). That's how invisible they are to the bullion and coin collector community. Oh, and I doubt anyone is counterfeiting them. Hell, even the counterfeiters don't know about them. I'm not vouching for Wikipedia, which I think is a commie plot to manage information, but it's a place to start, since no one else has them in the showroom window. Good luck.
No. Buy them for their bullion value. Collector's premiums quickly disappear when hard times come.
silver is silver is silver...
Fuck Russia and China and other ruskies or chinamen on here. The United states has it's problems but those two countries have major trouble both financial. So i say to you putin lovers and chinamen go fuck yourselves. When war comes y'all will see you have pushed us too far and regret it. We, the United states, have nothing to lose,,y'all do.
LOLS. "From those who profit from the system and those who depend upon it for it's favors there will be no objection". (paraphrasing) or,
"It is difficult to get a man to understand something when his salary depends on his not understanding it."
Which camp are you in?
You're joking, right? WTF China and Russia either build everything or have the natural resources for building everything. What does the USA have? Part-time workers who stare at computer screens and Walmart greeters. Yeah, USA is a powerhouse. We're Rome and it's burning.
The U.S. is cursed with the putrid infestation of the parasitical, imbecilic, Ebonic Plague, a burdgeoning Islamic fifth column, and Jooish destroyers. We are doomed.
Our public indoctrination centers excrete millions of progressive jihadists every year that sally forth to destroy this once-great constitutional republic that is fast becoming a fading memory of the aged.
I am 74 years old on Monday and glad that I am nearing the finish line of this sad sojourn.
Happy birthday. I'll be 73 next February, if I can stand it that long. It seems like yesterday, when Nixon shocked the world by defaulting on the solemn promise of the United States to redeem it's dollars in Gold.
I'll be 73 next February
You've got me beat....I can't top that.
I do remember Nixon doing that as a youngling.....yeah.....even back then I was doing this crap. I'm kinda of a freak.
Most kids were outside playing....and I'm explaining to my parents....don't you understand the ramifications of this? I told them to buy gold and sell it in 1980....then I told them to short it until 2000. Of course they blew me off.
I'm the only guy I know that actually sold silver for $50 an ounce in 1980......there was some luck in that. Luck is good. I forgot all about it until 1999...then I heard a news broadcast that PMs just hit 20 years lows.....and I'm thinking....I should probably get some of that stuff.
Question for you two in your 70's. When Nixon took the country off the gold standard in 71, what , in general, was the public's reaction? Did they realize that deficit spending for the war was the cause?
Did they know Nixon was full of bullshit concerning the speculators ???
Adolf Hilter didn't have any gold when he came to power. By abolishing interests on debt, Hitler issued government credit directy for hiring Germans for public projects , as the result Germany became the richest country in Europea from the poorest country in four shortsyears, even without using a single ounce of gold. Nazi Germany bartered with other nations for international trade. History tells us when one can show the world a powerful alternative way of finance, he immediately turns himself into the enemey of "the international bankers."
to learn more: http://wakeupfromyourslumber.com/node/6720
Yeah but invading half of Europe and setting up death camps didn't help though, did it.
WWII was a continuation of WWI by the Anglo-American-Zio and later Soviet collaboration to destroy and later genocide the German people.
Please watch the following if you want to know the truth.
http://thegreateststorynevertold.tv/
Very true, but not only bartered but battered other nations too. My grandfather had a factory in the East end of London making household furniture, the dark brown stuff. The firm went bankrupt after Germany started exporting the same furniture for less than grandpa paid for the timber. The Germans just wanted the foreign exchange.
You mean dumping?
There is something VERY wrong with this story. China alone has the ability to drive gold prices to 'da moon'. They have 1.2 Trillion dollars in US Treasuries and could easily buy all the available physical gold on the planet at current prices. They have not. They accumulate slowly and at today's low prices.
This tells me that there is still some level of cooperation present.
The Chinese and others with the same ability could of course be biding their time. They may not want to be identified as the culprit in a global financial collapse.
In bidding up gold they would quickly find prices rising very rapidly if they demanded physical. There is simply very little available at today's price (There is always over 170,000 tons potentially for sale). It seems that one way or the other a bust up of the dollar system will be as orderly as it can be. I'm guessing that the Russians and Chinese are just watching patiently as the US exhausts its dollar defending efforts. When the USA, on its own, causes the collapse the other countries will simply continue trading and gold will simply have a higher price...but this time it will float at market prices never again to be 'managed' to support any single currency as it is now.
Gold at higher price is oil and food at higher price, they dont want that side.
New Shanghai exchange could offer say $3k/oz. Watch a move like that prise physical from even semi-strong hands. 2 reasons the gold price is artificially suppressed: 1/ 100/1 paper/phys (naked) shorts, and 2/investor speculators waiting on the sidelines for the jump up to get going.
Harvey Organ- By December Whole Thing Going to Collapse
https://www.youtube.com/watch?v=aZwSiHBxm0c&list=UUG-G8LLr38fQUNZU8K0t-EA
Great interview.
I asked my Indian financial associate about his 8-mos end of the EU prediction again yestreday.
"You never told me exactly how it would go down while we were in Singapore."
"Gold. They will run out of gold to give China."
"Unless the West gets more."
"Then they will have to take it from Africa. The West will have to find a way to invade Africa."
Timing. timing is everything to a Chinese strategist. Smile and bow at your enemy, and then shoot him in the back when he turns arouind; it's efficient.
Global government, global economy, global corporations, global religion, global currency, just one obstacle;
Gold. oh yeah maybe two, paedophile globalist perverts.
Oh yeah...gold is not a currency. It was only equivalent to a currency during the gold standard.
Gold will once again find its only role, that of a timeless and reliable store of value, when the dollar dies.
Gold is a really shitty medium of exchange. Its job will be to value currencies not to replace them. Fiat currencies are loved the world over. They are easy to use (whether Bitcoin or dollars or SDRs) and when they go bad they can be easily replaced.
The people of the world will soon learn that currency is not to be saved, it was made to lubricate trade.
Gold is for saving, that is what it was made for and very little else.
The dollar had been redeemable in gold. It is now fiat.
Lord how I wish I would have bought and saved thousands of silver dollars pre 1964.
How much Silver did you buy in 2000; which was just yesterday, when it was $4.35/oz. hmm? how much. Zero, that's how much. Study yourself. Understand yourself; and then prosper.
On the question of gold's acceptability as a medium of exchange, should we believe you, or thousands of years of economic history, Bob?
You need to re-read Greenspan's Gold and Economic Freedom, wherein gold's role as the ultimate medium of exchange is explained.
Alan Greenspan is totally full of shit. Next comment. Read "the Lost Science Of Money", and you understand why Greenspan is fucked up.
You are absolutely correct. Gold is a store of "value", nothing more, and nothing else. All the "gold standards", used for "currencies" in the past 2000 years, have been clipped, degraded, and otherwise cheated. There isn't enough gold in existence and too many people in the world to use gold (or silver) as a medium of exchange ("currency"). Read "The Lost Science Of Money" and you will understand why. The world's problem now is: the fractional reserve system and how Central Banks (world-wide) manipulate that system to their advantage with a "2%" inflation rate. The true goal of any monetary system is no inflation rate, except as "real" productivity and population increase. Of course, this eliminates all financial shenanigans. The world's Central Bankers will fight to the bloody end to prevent that from happening. This whole mess is going to end badly. Keep stacking.
People ask why China and others don't just demand physical on these paper markets. The obvious answer is, they want to collect more physical at current low prices. But everyone knows, once they reach some level of physical gold and silver holdings, they will stop supporting the paper manipulation and reverse the action.
In this regard, we must remember that TWO new precious metal exchanges are scheduled to open this month. While I don't understand the dynamics well enough to be sure, these new exchanges that are designed to settle in physical metal may in fact tip the balance... perhaps even this year. Frankly, it is possible we'll even see a bump up on Monday due to this fact (assuming that's when one of those exchanges open).
The current manipulation down is to force a "downer mood" on the precious metals immediately before these new exchanges open. The western predators-that-be do not want to lose control of the precious metal prices yet, because that will lead fairly quickly to the collapse of the dollar.
Interesting observation Ann...
I'll toss in a item from the video: all my miners crashed! Now, why would Stillwater crash when Russia vs US is putting a crimp on Palladium? Only if somebody wants the stock dumped so they can buy it on the cheap! I looked up and found a high amount of recent insider trades on SWC. I have not checked the others yet, maybe some of you guys can help out.
Harvey has not mentioned miners yet, but I stopped the video to post, so back I go to the video.
Also, the Big Month is coming up in India for traditional Au/Ag buying.
Good post, but we do not know the extent of International Termite Banker involvement in the new Exchange.
It may be a Rothschild with a Chinese face.
I hear supposedly not, but I'm no insider, therefore I can't be certain. However, the banksters are gaining astronomical advantages from controlling worthless fiat currencies they can create at zero cost, so one would doubt they would do anything to promote physical gold or silver in any way.
On the flip side, these predators gain enormously by promoting paper gold/silver/frauds, so they promote GLD, SLV, etc.
Ann, I am wondering why do people think that Chinas motivations re gold are different than the FEDs?
The Chinese have printed much and would seem to want the EXACT same flexibility and manipulation that the US FED/Banksters have enjoyed.
I personally think that they are just trying to get enough gold to make sure they are corectly reflected in the upcoming SDR.
Because having the world reserve currency is an enormous advantage. I'm sure China would like to become master of the world reserve currency, but I suspect they realize that's not in the cards in any short term future.
But China can get roughly half as much advantage simply by knocking the dollar off that perch (leaving no reserve currency).
What works even better for China (and every country with a positive trade balance) is for gold to regain reserve currency status.
And so, multiple gold backed currencies might be in the cards, China possibly being first. The USSA would have a rather difficult time objecting since this is precisely the system that existed before the USSA defaulted on their promise to back their dollar with gold.
To be sure, the predators at IMF will attempt to force the world onto their hyper-fiat SDRs. Hopefully humans are smart enough to avoid yet-another-fiat-ponzi-scam immediately after the dollar collapses. But... never bet on intelligence of the masses.
True, “Revolution is in the air.”
Trouble is, however, that no one seems to understand that there are two kinds of revolution: one that advances the cause of tyranny; another, the cause of liberty. I call one by the name, ‘Judeo-Bolshevik’; the other, American; after their most recent and spectacular examples.
Of the thousands of slave uprisings in man’s long struggle, only three have advanced the cause of liberty: Athens (year minus 508), English (1620-50) and the American.
Until a few Americans (1%-2%) learn these differences, the next revolution will only inaugurate a new Dark Age.
In other words, if you call your revolution Judeo-Bolshevik, you will advance the cause of tyranny, on the other hand, if you can call it American and follow Judeo-Bolshevik principles, you will still advance the cause of tyranny. The name counts for nothing; principle, everything.
And then we have the issue of ‘What happens when the dollar crashes?’ Who will pick up the pieces… the properties and agencies that were formerly controlled by vanished governments? And, who will provide an alternative, gold-based, currency?
Thanks. Nice piece.
The Chinese print one for one with USD to keep the peg and the Rouble was 4 cents to the dollar a few years ago and has fallen to 2.5 cents today. All that gold is not raising their currency, in fact they are failing with it.
You missed the French Revolution, because of its impact to start the end of Monarchies in Europe.
The US needs a French style revolution, to end the Reign of Banksters.
Kirk2NCC,
No, I didn't miss the French Revolutions (plural). As, noted above, I cant't explain everything in 5 paragraphs. There were two French revolutions, and you missed the first one, which was based on American principles. The second was the counter-revolution, which terrorized members of the first (and eliminated them in various ways), and was based on Judeo-Bolshevik principles. See my article, Building an Americain Schutzstaffe, which shows that the American DHS is modelled after French Committees of Terror (1792-4), the Judeo-Bolshevik Cheka (and all its other names), and the Nazi Schutzstaffel.
So, what do you want... to advance tyranny (with a Judeo-Bolshevik revolution)... or to advance liberty (with an American revolution)?