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Deutsche Bank's Modest Proposal To Central Banks: "Purchase The Gold Held By Private Households"
From the bank that a few days ago informed us that "People Are Talking About Helicopter Money And Debt Cancellation Being The End Game", comes the logical next step. Here it is, without commentary and the key section highlighted:
From Deutsche bank Behavioral Finance: Daily Metals Outlook
Although gold market operators are currently pre-occupied with the prospect of the SNB finding itself obliged by referendum to buy large quantities of bullion, another central bank raised the same possibility yesterday: the ECB. As odd as it sounds, given the contentious internal debate this year over asset purchases in general, ECB board member, Yves Mersch, reminded journalists that the Bank could in theory buy any asset within a QE program. This could mean government debt, equities, ETFs, or even gold. Indeed, within an effective asset purchase program it matters not so much what the asset is, than who the seller is. Given that the eurozone banking system still appears to be a bottleneck in the monetary transmission mechanism, there might be some wisdom in bypassing it. Banks do not hold gold. However, this ‘theoretical’ possibility would quickly run into practical constraints, not least the volume limitations and the problem of having to pick winners and losers.
However, the idea of gold purchases has merit because of the possible sellers. Much gold is held in private households, especially in countries like Germany. In some cases these are unwanted remnants of crisis-driven investments five years ago. A program that targeted these holdings would liberate dormant liquidity, some of which might even flow into consumption.
In other words, all the world's central banks would need to do to "liberate dormant liquidity" , held, as DB suggests, by private households in various "unwanted" troves of physical gold, and in the process also build up their gold holdings, would be to make said gold unattractive to hold.
And if that fails, well, FDR already showed the world how to deal with an intransingent public which does not want to part with its gold in Executive Order 6102, something which the Dutch Central Bank which also made the news recently when it secretly repatriated 122 tons of gold from the NY Fed, already did years ago when it advised pension funds to sell their gold: confiscation.
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Ive read this story before, cant remember where...
Who needs to confiscate when they can just convince you to sell it up?
If there was ever a time to get your hands on the physical...
These fuckers are scary.
Did Germany ever repatriate all their gold from the vaults in NY. Hmmmmmm.....
Maybe this is the path of least resistance for them to gold.
Gold shall be known as unwanted remnants from this day forward.
With barbarous relish.
OK come and get it!
http://www.youtube.com/watch?v=AVQ8byG2mY8
In some cases these are unwanted remnants of crisis-driven investments five years ago. A program that targeted these holdings would liberate dormant liquidity, some of which might even flow into consumption.
So in other words, all we have to do is drive the price down low enough so that people feel like they're taking losses on their privately-held gold, and then we print up enough "money" to buy that gold, and THEN let the price discovery begin, and then we own valuable gold as capital again!
Hey HSBC, I'll trade you a few ounces for you calling off my mortgage. Whaddaya say?
...and just might be The Final Solution (to collateral shortages).
When I was a young man living in England, we'd gone onto the continent for a holiday and dad was mixing in a few days business. I think it was in Switzerland, that he had to meet with some bankers. He and his people went to a meeting and one of the bank staff took mom and me on a tour of the building. In one of the sub vaults, there were gold bars stacked. Behind bars. Looked ever so quaint. Until I noticed that many of the bars had the swastika etc., imprints. It was rather.... disturbing. Sickeningly, disturbing.
SOME Of My GOLD May Be For Sale... $45,000 "USd Paper Fiats Somebody Elses Liabilities Currency".
I Know I Know Its A Risk...
DB, good idea. I will sell you 10% of my stash for $55,000 per OZ.
Which I will use to buy more silver..
Yet another sign the crash of fiat money is drawing near. J.P. Morgan was right gold is money and nothing else.
Just think of how much it would stimulate the economy if they paid 100K per oz? Sounds like a great idea to me.
How much gold is actually held by households? Do these bankers bozoes think they will top up their balance sheets with household gold?
Oh, they want to pick the fucking gold out of our teeth? Well I thought ahead. My fillings are porcelain!
Hah, all the weak hands have already sold it off. The only citizens with gold remaining are going to hold onto it quite nicely.
The wealthy (jewelry) and the smart, STRONG hands.
only a fucking idiot would trade gold for paper.
You can smell the desperation:
"A program that targeted these holdings would liberate dormant liquidity, some of which might even flow into consumption."
Yes, you see because savings are just locked-up dormant liquidity really, not a product of ones saved labor and not to be used at the savers discretion or need but at the end of our centralized fiat ponzi...and of course stupid savers just might throw some of their savings into consumption instead of doubling down.
Fat fucking chance.
Molon Labe....
Molon Labe.... also with a little Pb.
Derp
Indeed and they better pack a months supply or double check their supply route my friend. And note the premise behind the enticement, they will never consider it yours, even after you earn it and save it lawfully.
Moar Keynesian socio-economic bullshit.
They never tire of promoting it and I will never tire of slicing it to pieces ;-)
They can have my shiny when they pry it from my cold dead fingers !!
I never see those ads anymore where you can send in Grandma's old jewry...they must have picked the low hanging fruit, and now there isn't enough to pay for the ads.
http://www.steinbeis-research.de/images/pdf-documents/KLEINE%20Financial...
3,000+ tons.
That report is from 2010 as well.
Still, I'd love to see the Cash for Gold sign hanging off the local Chase branch
Cash (and your pitiful existence) for gold.
In most ways I admire the Swiss but, while they were reasonably prosperous in preceeding centuries, the Swiss only became rich in the 20th century.
It only goes to show what light manufacturing and dairy products can do for hard-working people!
Until the 20th century, the Swiss made cukoo clocks.
Later, they discovered 'Swiss Army Knives'. Those things cost a fortune now, you know.
If cheese (a dairy product) is cured correctly, it looks just like GOLD. Add a delicious TUNGSTEN center, and 'VOILA'!<sarc>
I wonder how much Nazi gold was held in Geneva during the war.
I wonder how much European (other country) gold was shipped to New York during the SAME war (and during the aftermath).
I wonder how much still resides in the CHIMERICA (oops, I mean, the former J.P. Morgan) vault in NYC. I wonder how much was taken out ('transloaded') via the WTC6 conduits, during the 9/11 thingie.
FORCE the purchase, Deutschebank. Isn't THAT what you REALLY mean? A little Merkel 'emergency order' giving the 'citizens' two weeks to trade in the gold at 'farce value' before it becomes 'illegal' to hold? Roosevelt's order in '33 REDUX? $20 an ounce (raised to $35)? How about $1,200 an ounce (raised to $2,100)? SAME RATIO.
THE ('THEY', 'THEM', 'THOSE') stupid mother fuckers always use the same playbook (not an original thought available in their empty and wholly corrupted heads). Infantile pukes...
Your images are powerful.
Here is a distillation of words - so that their power can live on, as well:
"Unwanted remnants of crisis-driven investments that... would liberate dormant liquidity."
If that doesn't put a chill down your spine, nothing will.
Listen.'
Wow. I didn't know that hedgeless_horseman was a jew. Funny what you can learn on The Hedge.
Not there is anything wrong with the anti-Hitler "MESSAGE".
RIGHT!?!?!?!?
I think the vast majority of people are still bedazzled by the non-stop propaganda surrounding Nazi Germany and what we're told went on - so I try not to fault anyone for it - you do have to dig for your own answers. It would be nice if people would actually read primary source history - like the transcripts of the Nuremburg trials or even the '88 Ernst Zundel trial - and realize what Kangaroo Courts they were. A few logical questions would be in order as well, such as "Why is it illegal to even question the Holocaust in so many countries?" You won't go to jail if you question Pol Pot, Stalin, or Mao's mass exterminations - only the supposed "Holocaust." Why? If it was a true historical and documented progrom, wouldn't every question anyone asked have a logical and well documented answer? And wouldn't they (the Tribe) be willing to allow all the documents they claim they have to be open to public scrutiny as opposed to secreted away like the Shroud of Turin? Or, is it possible that when certain questions are asked, they lay bare the very nature of the myth that has been reinforced for so many years? A myth that is used by Israel and the Tribe to this day to beat down any serious scrutiny into the evil they bring into the world? A person could even take the time to read "The Protocols of the Learned Elders of Zion" disregarding the "who" while reading it - and ask themselves "Are these things happening today?" -and if the answer is "yes," then ask - "Who originates these ideas and is in charge of these programs and industries?" (thezog.info)
Listen.
Funny how many "HOLOGRAM" museums are popping up around the worlds....
I for one am glad the Americans gave all that TARP money to proliferate the "HOLOGRAM" museums. Excellent job "GUYS".
Trogdor, I see your point. Something I've been looking into myself only recently. Why is it that the one country that stood up to the banking community is now equated to satan itself. Then I found this documentary and it gave a different historical perspective. Obviously the words 'Anti-Semite' and 'Neo-nazi' still carry some power but I don't regard myself as being either. I don't even know what a semite is to be honest.
http://thegreateststorynevertold.tv/
What do you love about life?
Listen.
I love that "YOUR" Einstein was such a fucking idiot, but so many ignore that. Yes, indeed, particles can travel faster than the speed of light but the brilliant Einstein(jew) said no it cannot happen.
I love that no one understand that time, yes time, is not a fucking constant, time is a variable. When you are young time goes so fucking sloooooow, yes?? When you are older a year passes as if it were a minute.
Yes in "YOUR" formula 60 seconds make up a minute but no one has, as of yet, acknowledged that as "YOU" become harmonized with the matter that makes up the universe, that relationship makes "TIME" speed up. A minute when you are 5 years old is not a minute when you are 70. The universe, expanding quicker and quicker, you are pulled in that direction at that speed.
That's what I luv doooode. And only that. As of Tuesday Nov. 25th, Bangalore, India.
Thanks. I love that you answered.
Listen.
Good, good. I hope I helped you fill in the "PROFILE".
The 'IDIOT' Einstein gave the Indian pricks the constant 'E=MC squared' that allowed them to experiment with nuclear weapons so that they could use them to threaten their neighbor Pakistan with total annialation (because they BOTH have religious differences, of course). He never stated that the 'speed of light' could NOT be exceeded. He DID state that he did not have the mathematical knowledge (by HIMSELF) to solve the problem (and therefore, it was insurmountable to HIM PERSONALLY due to restrictions regarding his conceptualizations.
Every year the Monsoon season comes, and every year, the River Ganges floods, and thousands of your countrymen die. You seem to be intelligent (NOT!), so try to divert your energies into solving this simple problem.
Oh, sorry.
What are YOU anyway? A fucking EINSTEIN? Of COURSE you're not.
You're just a stupid, ignorant little man, trying to compensate for your ignorance by belittling people whose shoes you are not fit to polish.
'And if your Universe is expanding, you're just as much a "fucking idiot" as Einstein.
Halton Arp (and many others since) disproved red shift as a velocity indicator decades ago.
Modest proposal to Deustche Bank:
Get fucked and buy Bitcoin!
so the kings and queens "print" and buy gold whilst you and i toil for fiat to buy gold. SOMETHING ABOUT THIS REALLY PISSES ME OFF. and he talks like qe can be used however they desire- yeh you fuck head and i can use my rope however i choose...
As odd as it sounds, given the contentious internal debate this year over asset purchases in general, ECB board member, Yves Mersch, reminded journalists that the Bank could in theory buy any asset within a QE program.
something should really piss you off. mersch describes QE in its simplest and easiest to understand form, and yet 99% of fucking people still dont fucking get it. they are openly talking about counterfeiting for the purpose of buying assets. can you imagine if i wrote a fucking essay outlining how i could print some money and go start buying things and tried to pawn it off as beneficial for other people. the motherfucking hubris of these people. how does no one fucking notice this!
https://www.youtube.com/watch?v=AG7LjVCj50Y
oh i read what you read! and coming back pisses me off once a fucking again.
i think zhers understand the criminal act of qe. fucking qe, why don't we call it larceny?
theft?
"so the kings and queens "print" and buy gold whilst you and i toil for fiat to buy gold. SOMETHING ABOUT THIS REALLY PISSES ME OFF. and he talks like qe can be used however they desire- "
It isn't 'larceny', or even 'theft', 'new game'.
It's RAPE. That's akin to MURDER, but far worse (because the victims bleed, and forced to beg for more while they die).
The world is FULL of 'kings' and 'queens'; who blind your eyes and steal your DREAMS (and your very LIVES).
SHIT. I feel a 'ROCK WARS' moment rising, 'new game'.
A little BLACK SABBATH with Ronnie James Dio:
https://www.youtube.com/watch?v=VUjUIP2ugG4
You SHOULD be PISSED OFF. It's a NATURAL, GOD-GIVEN REACTION.
Learning brings ideas. Ideas bring reason. Reason brings thoughts of action. Actions can be either positive or negative. Positive actions will either forestall or eradicate negative actions. Making thoughts and ideas into reasonable positive actions is quite difficult. The rationalization of the killing of people who only wish negative actions upon their fellow men for the sake of all humanity is difficult, but necessary (sometimes). A serial rapist or a serial murderer is not to be allowed to continue raping or murdering, for the good of the whole; and the only way to stop such is to eradicate them with extreme prejudice.
If HITLER was still alive, the 'human rights groups' would be lobbying for a 'humane' treatment of him, this day.
Here's what they're missing:
It is undesirable to hold gold at a HIGH price because that's when I want to sell it.
It is undesirable to sell it at a low price, therefore I hold it.
Capiche?
If that isn't a quote for the history books, I don't know what is.
Like others here have said....the weak hands have already sold. So that begs the question of what they are willing to pay to entice the strong hands to sell?
I might let a few ounces go for $14,000-$16,000 each. I would want more for them if the BMW motorcycle I want goes up in price this Spring. Something tells me that the way we value our labor, goods, property and all our assets is going to change dramatically and soon.
No onion?
Maybe its in that relish..
$5,000. Do I hear a $5,000 bid from the Federal Reserve?
Going once, going twice...
Where the fuck you going?
Come back here.
$5,000, all my gold is yours.
Hey!
Listen, I got lots of tied up liquidity at $5,000....
Dudes. I mean a serious piss load of liquidity at $5,000
And even double that at $10,000
Now that's what I'm talkin' about!
I mean, seriously?!?!?!?
People get paid living wages to come up with schemes and dumb ass ideas like this?
I can do this for somebody 24/7/365, too!
Lemme know!
I'm available.
What's sad is even though it doesn't cost them anything to wire the worthless fiat to your account in exchange for physical gold at any price, they woul still prefer to offer you nothing for it and simply confiscate it.
Money is gold and nothing else.
This is why you should never own gold. That way, when they come to steal your gold, TA-DAA!!! You haven't got any! They'll have wasted all those resources for nothing! That'll fuckem! On the other hand, the most bullish signal out there is that they plan on buying / stealing all your gold. It is also a bad omen because if they can't "buy" your gold then they'll probably try and starve you out of it. First level of protection for your stash is a full belly. Second level is to organize your stash so it is too expensive to steal it ( very easy to say, not so easy to add any intelligent detail ).
When someone attacks one of your pieces, either you can move your piece out of the way, you can block the attacker, or you can attack (either the attacker or a more valuable piece). Okay, I've given you the empty generalities, now we just need a smart person to fill us in with the details.
This is why it is so important to work hard while being dirt-poor and homeless and achieving fuck-all because you are too sickly and weak. Maybe, just maybe, then they'll leave you alone.
Nah, just position like the Silvoik did in 1986-1991. I tell my guys its like that scene in Batman Begins when Bruce is standing there taking punches and the thug asks him if he's seen the devil, and Bruce coldly replies, this is just practice.
When this thing falls apart, those who can pivot and turn their physical into LOI credits to purchase distressed assets will make out like bandits, just like 37, 87 and 07. Gold is a good idea for vanity and ego, but there is no intellectual capital associated with managing a gold stack, or growing a stack. So history has proved unlike land, minerals (oil) and industry, little compensation or property right is afforded to gold/silver/cash reserves. Blind belief that gold's exchange rate and the value of barter will be fixed by reason vs. mob rule is a big mistake. It worked out "great" for the Warburg's and a bunch of other old-guard's who felt their prestige and phys stacks would save them from the mobs. It won't.
On another note, Hagel had alot of supporters in the ranks. I can not see this going over well if a pro-Iran hawk is placed as the new SDef.
But what do I know.
PT
Actually not a bad post there fellah.
(oops, I was trying to respond to your post about moving pieces around. Why does ZH accidentally shift a post's location sometimes?)
@Urban Redneck: Good point.
This touches on the impossibility of sustaining the current system of fiat currency: all those tax regulations, all those compliance costs extending through (almost) every level of society, not to mention the taxes themselves, are all basically exercise in fiction to "fund" a governing system which has itself created the units of account from thin air.
I suppose it is a bit more subtle that whips and chains, though.
The ECB is right up there with the FED and its quadrillion dollars of annual clearing, so their claims of a lack of private liquidty (or its low velocity) are pure bankster bullshit. The liquidity just doesn't like the options that the central bank wants it to like.
However, in terms of pumping dollars into the real economy and getting them to circulate and provide broader liquidity... buying gold (at higher prices) is ideal. A lot of gold holders are not interested in holding central bank fiat, so they would convert it to other tangible assets and the money would circulate.
Given the (theoretical) long term nature of central bank gold holdings, they could justify almost any price by calling it a "future price" and applying their own growth "forecasts" on a long enough timeline. The threat of inflation is minimal (unlike with real-estate paper since the ownership base is smaller) and can be further minimized with the right marketing spin.
But then it's not really about increasing "dormant liquidity" it's about "liberating" the savings of the serfs that the central banks' current fiat devaluation mechanisms are less effective against.
$5,000 with no taxes. I'll sell a few ounces - send the wrothles fiat to my bank to pay off the mortgage
I'll sell a good chunk at $5000, and actually consume. Motorcycles, airplanes, bigger house, whatever. I still won't buy a GM car, but maybe a Ford.
Both brands are UAW Motors. Starve the fucks to death. Karma has a bead on them, after all their help destroying this Republic.
I drive a newer Ford, damn good vehicle. Built very solid.
I drive a 70K ford...a 2011, 3 times for trans, new water pump, front end twice, alot of vinyl trim is coming off and rusting body....but that's just me
Maybe you got a lemon. I had 3 fords, got over 200K on the first two. Had to rebuild 2 transmissions and 1 motor, that was all. The third one has only 30K on it and it's paid for, as are my motorcycles.
I drive a (supposedly built in Canada) 2009 Toyota Corolla 19k
Only had to do rotors/brakes/battery once. Other than that, not a hiccup.
Nothing falling off or apart. No apparent rust.
I'm thinking I could get another 5-6 years out of it.
My own Ford whips ass.
And, I did not give any money to Generalissimo Motors, CCCP Inc.
These are some interesting numbers. Also interesting that the Swiss Referendum is being voted on at exactly the same time as this Comex issue resolves itself (one way or the other).
http://blog.milesfranklin.com/is-comex-being-cornered
"......If you recall, I wrote a piece back in August entitled “Kill Switch“ where I put forth a hypothesis that the high and rising open interest in silver was actually the Chinese via proxies cornering the silver market. The huge open interest in the nearby contract rolled out to the December contract. At that point, the open interest in gold was at multi year lows as one would expect with prices down. This has changed, just over the last 4-6 weeks, the open interest has steadily built in gold …while continuous pressure still on the price. Before going any further, I have never seen the open interest rise to multiyear highs while the price was pushed to multi year lows in ANY commodity. This is truly an anomaly and one that looks like it could be resolved very shortly.
This coming Friday is the 1st notice day for both Dec. COMEX gold and silver contracts. COMEX in my opinion has a potentially huge problem where a default in both contracts is a distinct possibility! As of this past Friday, 61,763 contracts still open, this represents 308 million ounces of silver. The COMEX claims a registered (deliverable) inventory of just under 65 million ounces. With only four days left there are roughly 5 silver ounces contracted for every one ounce available!
The situation in gold has quietly become much worse than silver, there were 162,509 Dec. gold contracts open which represent over 16 million ounces of gold. The “registered” (deliverable) category at the COMEX inventory shows only 868,910 available to deliver! Do you see the problem here? There are only 4 days left until this contract goes into the delivery process, yet there are 20 ounces contracted for each ounce available! I have one other amusing thought for you, remember the 80 tons sold in 15 minutes last Wednesday? This was almost 2.8 million ounces compared to a deliverable inventory of just 869,000 ounces, in my opinion, “FRAUDULENT” in capital letters!
Yes I understand, there are still four days left for the open interest to bleed down and roll out to the next contract month but we now stand in totally uncharted territory. Never in the past has this much open interest been still outstanding with deliverable inventory as low as it is. It is also astounding that total open interest could have risen to these levels while the price dropped. For open interest to increase and the price to drop, the “initiation” to the opening of contracts has obviously been done by sellers. This is exactly what I have been saying all along, the dropping price has been dictated by paper sales of COMEX contracts …but now there is a problem. So much paper has been sold to dictate the price that the contracts outstanding simply dwarf the available metal to deliver. Put another way, COMEX gold and silver look like they have been cornered! Let me rephrase this, COMEX gold and silver are now “very cornerable.” We will know shortly if this is true and “who” did the cornering. I suspect we will find out that this has been a Chinese/Russian hand holding consortium and one that was carefully planned and done within legal bounds. I think we will find out they in fact did play by the West’s rules and it was the “sellers” of nonexistent metal who fell into their own price fixing trap. It has been a financial war, one that was declared by the West and looks to have been possibly won by the East............."
Comex can cash settle. No one is "cornered".
Maybe so, but what if the buyer(s) want Au/Ag? What if they go public on the COMEX's duplicity? WHO on earth thinks that the COMEX is trustworthy enough to do business with?
Thanks for the insight and I believe the GOFO rate is telling the same story. Now standing at -0.25 and has been negative for 30 days and now even the six month GOFO rate is negative. While PMs may be available in various retail settings for the small investors, it would appear that at the wholesale/institutional level there is a shortage of gold that parties want to actually part ways with. The 122+ tonnes repatrioated by The Netherlands would appear to point in the same direction (as they did this very quietly).
I'm not sure if this is the moment that the COMEX finally implodes but the timing would be interesting. On one hand, the players that may be cornering the market (e.g., Russia through proxies) may be slowly but surely testing the markets to find the ideal moment to take delivery. They may systematically being testing for weaknesses and that ideal moment to wage another round of financial warfare. Could be this month or in another two years but the they would appear to have time on their side as with low prices, nobody is really selling and production in falling. On the other hand, wouldn't it be interesting if the plug was pulled in December, right before the "West" is praying for a robust Holiday season to further confirm the economy recovery.
As for the comment of COMEX being able to settle in cash, this is something that could happen (and actually may have to happen behind the scenes at much higher prices to entice the parties wanting delivery to take cash instead) and that COMEX has the right to do. However, I would strongly argue that COMEX wants to avoid this situation at all costs as the negative PR for COMEX and the US financial system would be severe. Even though COMEX would do everything in their power to not call it a delivery default (to the SFB sheppies in the US), the gold buying parties around the world would most likely view this from a quasi-panic perspective potentially setting off a black swan that nobody wants to deal with.
For me, a COMEX defaultis not about the financial side of the transaction. It is all about credibility, transparancy, and accountibility which for whatever small amount the COMEX has left, would evaporate like a fart in the wind.
Interesting that the Ruble has strenghtened the last couple of days...
If there is a shortage of big-lot availability, at some point, the big fish will go for buying out all the stock of Gainesville or Provident, etc.
I would bet monster boxes would go first. No availability at any price.
it might be a holly jolly christmas this year.
Thanks, those are my conclusions as well!
I might dump 2 or 3 ozs @ 5K$ in today's dollars.
I could get some moar land.
Then wait and see if it goes higher.
How much land are you planning on buying for $15k ?
Some good land in the country in my native, poor state.
I can get a half to one acre for that amount, then put 10K$ into a well and septic tank. All paid for in cash.
To get land for that price you have to be willing to live about 15 miles outside of any surburban area.
There is some good woodland I have looked at, several hundred acres for 140K$. The owner is in distress, but I do not have that kind of liquidity.
<-- DB = Douche Bags
<-- DB = Deutsche Bank
Holy frack this is funny. From Barbarous Relic to Unwanted Remnants. LOL
You can't make this shit up.
Still lol...
Why on earth would such a piece even be written from a place like this, much less published for general consumption.
And why NOW?
...purchase gold held by private households....
GOOD FUCKING LUCK, BITCHEZ!!!!!!!!!
You may be in a position of strength. But they don't even have to turn off the EBT cards. All they gotta do is create a few shortages, a few people lose their jobs ... Makes me wonder who really does own all them gold-buying kiosks that have been popping up around town - people who saw the writing on the wall or people who wrote on the wall? Or maybe those who wrote on the wall just plan to raid the gold kiosks when they feel like it ...
Cash for Gold! LOL!
Remember when...
https://www.bullionvault.com/gold-news/files/Executive_Order.png
That was at a time when no one knew what the demand was in other parts of the world instaneously. Doubt that this shit would fly these days.
So, quite a few cracks showing these days....when does the dam burst?
Compliance may be a little more difficult this time around.
I will NEVER register my guns or retrieve my metal from the river bottom and deliver it to them.
Yep...the illegal alien employment act...hire them to take your gold back over the border for you...kills two birds with one rock!
These dirty fucks will stop at nothing for a little more profit. "We're gonna need your gold earrings, Mrs. Jones. It's a matter of national security"
p.s. DB's suggestions don't apply to India and China.
or da bruthas an sistahs in dah Soufbronkz wif da gold toofs
You cans try a takes my gold toofs ovah my dead mutheafuckin' body, Yo!
Hey, I seem to recall some people during WWII that had their gold teeth harvested on the way to the execution chamber...
Some things nevah change...
Hey, during Italy's fascist years, Il Duce had a gold drive, he and the Mrs even chipped in. People would go to a govt building and there would be a pot where they would toss in their rings, etc for National Support.
It was success. 'Loyal' Italians dumped their gold for free.
Same same Korea a few years back.
and the next step after that will be banning ownership and armed SWAT team raids at 3:30am to liberate us from our barbarous relics.
Underwater SWAT teams ?
Seal teams...
I am both amused and very nervous.
For our own good of course, and the children.
The health effects of posessing gold in the household "haven't been studied properly".
I have some “paper gold” that I’m willing to sell them. Straight out of my Brother™ laser printer.
Are they ok with that?
its true!
There are lots of bears in ZH lately, but what is even more scary for them, is the VIX chart here => http://bit.ly/1fMcakI
Looks like the CRASHING up on the market COULD continue...? No?
Yes, sell us your relics!
Gladly, I'll sell all day long at 10K/oz.
If they are buying at 10k it's because they know it's headed to 100k.
This nonesense is to let you believe that the massive bull market in pm's that's about to begin is only because they are buying it.. nope no other reason. Just because they want to be nice and buy your gold...isn't that sweet ? lol
gruberizing the precious metals sector--no need to have the people express their tru feelings if they have no clue whats really going on
Wasn't that a long, long time ago. When the stupid peeps of the USSA got screwed.
====================FUCK DOUCHE BANK=========================
COME AND TAKE IT..............
I recently read "When Money Dies". At one point during the German hyperinflation. People from Berlin went to a farm to buy food and offered paper marks. The farmer said, "We don't want any jew confetti from Berlin".
I wouldn't sell gold for any fiat at all right now.
"Ive read this story before, cant remember where"
I know you did, I was wit ya, it was 1933, don't ya remember, we wuz in a hobo jungle waitin for the No 9 Rock Island Line outta Peoria, we wuz sittin around the fire in the woods by the track wit skinney mick and two toof lenny, youz said Roozavelt was comin after yur gold stash and we had a good laff and two toof choked on his chicken bone soup.
Why not buy up the GLD and take possession of the gold? I mean there is tons of that barbaric relic lying around in there.
By purchase I assume they mean steal based on central bank history.
Hey, let's just print up some of this worthless paper out of thin air and trade it for gold!
No worries. We'll be mining gold off asteroids in a couple of years and then the CBs will have as much as they want.
This was a great idea until everyone and their brother started taking delivery.
Now it's clear it was just a bullshit story circulated to pump up moar paper gold. No way anyone will believe NASA saying they just hauled in 3 metric tonnes of Au without some serious proof.
The saddest part? This (confiscation) is the next best idea after asteroid mining. Fuck me.
The price in US Dollars for one pound of Payload to Low Earth Orbit (LEO) is $10,000 per pound.
How much is that Mining Equipment along with the Rocket and propellant to an asteroid going to weigh?
The new Heavy Lift Launch Vehicle, scheduled for a 2018 Maiden Flight can loft 100 Metric Tons to orbit. That is roughly 220,000 lbs.
At $10,000/lbs that amounts to $2.2 Billion for a full payload.
Now estimate the development costs for building such a Mining Probe. (To give you a hint,,,The Orion Manned spacecraft is estimated ro cost a cool $38 Billion. How much more is an automated Mining Factory going to cost?)
3 Metric Toms of Gold is equal to rougly 93,3 Million Grams of Gold. At today's price of roughly $40/gram is roughly $3,732 Billion
With the development costs of the Mining Probe a project, like this project, will most likely be operating at a loss.
Until we can reduce the cost of Payload to LEO, IT IS NOT ECONOMICALLY FEASIBLE.
Yeah, but those numbers would make a great GDP print.
Hmm, yet the Hindoos set a satellite probe to mars for less than $100 Million!
Here is the specs for Mangalyaan...the Indian Mars Orbiter
http://en.wikipedia.org/wiki/Mars_Orbiter_Mission
Cost
The total cost of the mission was approximately 450 Crore (US$73 million),[36][37] making it the least-expensive Mars mission to date
Mass: The lift-off mass was 1,350 kg (2,980 lb), including 852 kg (1,878 lb) of propellant
The propellant was used to change the Low Earth Orbit (LEO) into a TMI (Trans Mars Injection) orbit and also when the spacecraft is nearing Mars in order to delta v (change velocity) so that Mars' gravitational field captures the Orbiter into Mars Orbit.
So the payload to LEO cost $29,800,000 of that $74,000,000 expenditure. (There are also administrative and developmental costs with this Mission.)
So what is your point?
Providing a Red Herring? FOR WHAT?
IT IS ECONOMICALLY UNFEASIBLE TO MINE ASTEROIDS with the current costs of technology available. It is currently a PIPE DREAM.
When costs can be substantially decreased for weight to LEO then maybe it will become feasible.
Until then...DEAL WITH THE REALITY.
It's called physical rehypothecation now
$20.67/oz or 10 years in jail was an offer that couldn't be refused last time but there have been so many boating accidents lately there may not be much left lying around on dry land...
Don't look down. The gestapo have the equipment to find it in the ground but I doubt they'll climb a tree to look in that hallowed knot. Just saying!
"liberate dormant liquidity" lol. So that's what they're calling it this week.
Yeah unwanted. As if the crisis isn't ongoing. If the private households don't want their gold then why would the banks want it?
KNEW this had to come eventually...! They're desperate.
Agreed. So fucking stupid. Who the fuck is going to sell their disaster insurance when the embers are landing of the roof?
I fear that's what they bought the hollowpoints for...
We are small potatos. Nobody I know owns Gold.
Officer, I am a humble precious metals swimming instructor and all of my pupils have failed.
>> Who the fuck is going to sell their disaster insurance
A lot of people. I'd sell a shit pile at the old high, fuck $5K.
Bullshit. You'll sell because you're motivated by either Fear or Greed. And if we see $1900/oz gold anytime soon then you'll just figure it's going higher so you're better off waiting and Greed will keep you from selling. Fear, on the other hand, just might do it...
>> you're motivated by either Fear or Greed.
Actually, neither. I'll sell because I'd bought the stuff for years now I'm getting old and I'd like to spend a bit. I'm here to resist the system as much as the next guy, more than most have done by far, but that does't include leaving the shit burried somewhere after I'm dead. To each his own. I bought it to maintain my wealth for my old age, now, and not leave it for the next shitbag.
OK, that's cool.
Selling any is selling at a loss regardless of what you paid and what you are selling it for.
I have ABSOLUTELY NO CONFIDENCE WHATSOEVER in the utility of the fiat US Dollar. (Value is utility. They are synonyms. If I cannot utilize it then it has no value to me.)
But you value US Dollars which are created out of thin air. Your words expose that underlying truth as you believe that profit is realized in US Dollars. What you fail to understand is that there are some whom do not value Dollars. The price can fall or the price may rise and the strong hands will not sell for any price quoted in Dollars.
So they believe if they depress the price it will scare strong hands out? I have got news for you., The strong hands also hold currency thus they will not release their metal for currency.
So please keep that price falling so that I can divest myself from that valueless currency. And I will continue to increase my stack, thanks.
Fear of a certain price level or fear of hollowpoints?
They sound like that member of every family who has some kind of substance abuse problem.
After a long period of total disinterest in you they appear with wonderful news about how they are totally out to do you a favour. And yet as they sink deeper and deeper, the cover stories become more and more depressingly transparent.
Eventually, some central banker will be in the middle of one of these calm dissertations, when suddenly their eyes will bulge out as they scream, "JUST GIVE ME THE FUCKING PRECIOUS!!!!"
More like the family vultures that descend right after someone dies.
They are so quick it should be an olympic event.
53$ per once of gold
Like the FED price
No thanks
After they slashed off 3 zeros of the old dollar, why not, 53$ new dollars an ounce could work out just fine.
If people want to sell their gold, theycan anytime.
Id love to but my dumbass lost it all in a gosh-darn boating accident.
You can fk right off if you think I am selling mine at these prices. You set the price? Fine. Go pound sand. I'm buying yours here. Raise the price over 5k and you can have it back. That will motivate me to look at the site of my boating accident.
5K? Heck, I'm holding out for 100K
100 K fiat - At that point you will be better off trading it for a few rolls of toilet paper. Your butt will thank you.
There was this old man attempting to proposition a young hot girl to fuck his lights out.
He asked, "Will you go to bed with me for $1,000,000?" She thought about it, knowing that he was wealthy and could afford it and agreed.
Then he asked, "Will you go to bed with me for $10,000?"
She looked at him oddly, thought about it for a time, and responded that as she could use the cash, that she would.
Then he asked the young lady, "Will you go to bed with me for $50?"
She angrily questioned, "Just what do you think that I am?!?"
He answered her, "We have already determined that. Now we are haggling price."
That is sad. It seems everyone here has a price.
The principle of Gold Ownership is to maintain wealth AND to destroy the Central Banksters power.
And many here will sell it for a price before the Banks are insolvent?
This is the reason that the Central Banks will not be defeated. You will sell your souls for profit and to hell with the principle.
You have convinced me that even most of you have a price where you will be complicit in their theft and dishonesty. And they believe that every man has a price? They are mistaken.
They are becoming even more desparate. The game is almost won. And you want to fold your winning hand? Then what in the fuck is all of this for? So that you may become as they are?
That is very sad.
Because of that we are all so fucking doomed.
If you relinguish your Gold for worthless paper in order to gain then you are a fool and nothing more than a Two Bit Whore.
We're not doomed because a few thousand goldbugs might want to sell some (or all) of their stash and make a decent profit after years of putting up with establishment bullshit.
We're doomed because 99% of the population would vote to reinstate the same system we have now after a crash.
Profit? Profit?
PRINCIPLES BEFORE PROFITS. If Banks and Business had any fucking ethics then we'd have not had the damned crash in the first place.
But they removed the MORAL HAZARD of not conducting business ETHICALLY.
The Political System is IRRELEVANT. It was just as IRRELEVANT 50 YEARS AGO AS IT IS TODAY.
Are you Red Team, Big Jim, or are you Blue Team?
The PEOPLE are the problem. The PEOPLE have lost their MORALITY.
The people ELECT that Bullshit Government because the problem are the fucking PEOPLE.
But you do not get it.
This is a Fight and a Fight to the death. Either Liberty dies and totalitarian coporatism wins or totalitarian corporatism dies and Liberty wins.
THERE IS NO MIDDLE GROUND. This is a VALID DICHOTOMY. You cannot have LIBERTY with someone else dictating. Degrees of Liberty are a EUPHEMISM as they are, in truth, degrees of totalitarianism. They cannot coexist.
You either have Liberty or you do not. Even if there is a minor encroachment of Liberty then it is no longer Liberty. You are not free but restricted. Liberty will only work with a MORAL POPULATION.
IMMORALITY IS A CANCER which eats away at Liberty because others must restrict someone else's behaviors to that which is prudent. Moral people act prudently. No restrictions are needed or required.
(But that is my idealism and I have to live in this fucked up, corrupted place.)
Gold is a fight of PRINCIPLE. It is not about gaining wealth but it is about gaining LIBERTY from the Central Banksters whom are set out to destroy us..
Hi. My name's Alea and I have a problem.
Actually I have two problems: I like to eat and I like to sleep indoors. Yes, I know I'm weak. I pray the Lord will give me strength to stand on principle and overcome my problems. I pray I will not have to make a choice between selling my wife's 14k Italian jewelry and buying food for my children. Because I bought the Italian jewelry so cheap it was, like, a gift, you know? It was like Mr. Greenspan said, "Here, Alea, buy some cheap 14k Italian jewelry 'cause I like you." I just hope I don't have to look that gift horse in the mouth and have to send him to the glue factory, you know?
Yes. My name is Tom and I have the same problems as you with the exception that I do not have any children. I have the same weaknesses as many.
But, you see, Gold and Silver are MONEY.
Now I am not Sir Alan. Nether am I BS Bernanke.
But either you earn a living from work. Or someone else has gifted it to you from their work.
Now if you are in a hole and cannot get a JOB (Just over Broke) then you need to create a job for yourself.
But I have been there, when I had to pawn my Gold which I owned in order to get the gas to go out and find work. But once I did find work then the priority was getting back my Gold.
So instead of selling your Gold, to feed your hungry wife and kids, you need to find employment or create employment.
I am really sorry that your Central Bank has screwed you over. Do not feel alone. They have screwed over HUNDREDS OF MILLIONS OF PEOPLE just like you. YOU ARE NOT ALONE.
And if you are really that bad off...you know...where your children are going to go homeless and hungry...MAY GOD FORBID...and you are not creative enough to employ yourself and market your skills...then you can always join the Free Shit Army....until there is not a Free Shit Army to join. (Then you will really wish that you had kept your Gold.)
In these uncertain times you have to take care of yourself. Or you can choose to become enslaved to your Government.
However without that Central Bank you would have not been screwed over.
So perhaps you may want to keep that Gold out of that Central Bank's clutches, so that WHEN they FAIL, they can not screw you over again.
We all have choices and we must live with the consequences of the choices which we make.
Choose wisely and accordingly.
In October 2014, Yellen offered no remedies for decreasing the rich-poor gap, but welcomed discussion on ways to better promote “equality of economic opportunity.”
She said two “cornerstones of opportunity” are resources available to children and access to higher education, but added that ownership of a family business and inherited wealth can also be important sources of economic opportunity.
“For families below the top, public funding plays an important role in providing resources to children that influence future levels of income and wealth,” Yellen said, citing programs like unemployment, welfare, and early childhood education.
But Tom, you seem to side with the Morgan/Rockefeller/Warburg contingent: money returns to its rightful owner.
But Tom, you seem to side with the Morgan/Rockefeller/Warburg contingent: money returns to its rightful owner.
Not when I advocate keeping the Gold away from the Morgan/Rockefeller/Warburg contingent.
Now by what remarkable non sequitur did you reach a totally opposite...I am at a loss for words because I am so shocked...diametrically opposite conclusion to the one which I unceasingly advocste on these pages?
If you do not sell your Gold then the only way that the Morgan/Rockefeller/Warburg contingent can obtain it is by THEFT, legalized or illegalized, but theft nonetheless.
Are you that far gone?
What a totally unabashed, incredible, strawman argument!!! That is the epitome of dishonesty.
You're spot on. $100,000 make believe fiat is the same as $5,000 make believe fiat.
If they'd trade real money for fake money, the are still plugged into the Matrix.
Fuck them! they can pay for it in silver dollars. That's about 2.4 monster boxes of silver eagles per ounce of gold