The War On Gold Intensifies: It Betrays The Elitists' Panic And Coming Defeat - Part 1

Tyler Durden's picture

Authored by Stewart Dougherty via,

Dictatorship (noun):  Definition #3:   absolute power or authority (Websters);
Def. #2:   absolute, imperious or overbearing power or control (Random House);
Def. #3:   Absolute or despotic control or power (American Heritage);
Def. #3:  Absolute or supreme power or authority (Collins English Dictionary);
Def. #1:  A type of government where absolute sovereignty is allotted
to an individual or small clique (Wikipedia).

“If you know the enemy and know yourself, you need not fear the result of a hundred battles. If you know yourself but not the enemy, for every victory gained, you will also suffer a defeat. If you know neither the enemy nor yourself, you will succumb in every battle.” Sun Tzu, The Art of War

In recent weeks, the War on Gold, which is a subset of the broader War on Human Freedom, has sharply intensified, with massive, multi-billion dollar naked short price raids now being launched on a weekly and even daily basis by the criminal, state-sponsored price manipulators. This escalation proves the supreme importance to the Deep State financial elite of the maintenance of their gold price dictatorship, which is a vital component of their long term, systemic campaign of financial plunder.

The elitists have no problems whatsoever with stratospheric stock and bond prices; 5,000 year low interest rates; $450 million Da Vinci’s; $250 million private homes; $50,000,000 annual salaries for circus masters, whose role in keeping the masses distracted and dumb is vital; $1.9 million Aston Martins; $100,000 Air Jordan sneakers, or any of the other prices that have now gone into outer space.

But there is one thing they will not accept: an honest, free market price for gold. Because while all debauchery under the sun is permitted and encouraged in the Castle of Fraud and Corruption they have constructed and in which they revel, one thing is strictly prohibited: the utterance of truth. Being monetary truth when free to speak, gold is their deadliest enemy. Therefore, it is silenced, in the same way truth tellers are silenced in all dictatorships.

The vast majority of people, aside from a small, enlightened minority who refuse to poison their minds by ingesting mainstream media (MSM) fake news, propaganda and brainwashing, do not yet realize what they are up against in the wars that have been declared against them, and are therefore at serious risk. For those who wish to survive the wars, there has never been a greater need to know the enemy and know yourself.

As the gold price war becomes manic, so has the MSM’s anti-gold propaganda campaign, with their attempts to smear gold now a clinical obsession.

In a prime example of their over-the-top anti-gold propaganda, on 10 November 2017, the Financial Times, a long-time Deep State bullhorn and puppet, ran an article entitled, “Gold is the new cocaine for money launderers.” In this screed, the author beat the dead horse of the NTR Metals gold import scheme. This operation, whose total dollar yield was an infinitesimal fraction of the massive sums stolen by the financial Deep Statists in their forty year gold price manipulation crime, was already the subject of an over-dramatized Bloomberg Businessweek propaganda piece published on 9 March 2017, entitled “How to Become an International Gold Smuggler.” Apparently, the MSM is running so short of new material with which to try to demonize gold, that it is now forced to recycle old, stale non-stories to keep the smear machine going.

In the article, the MSM propagandist states such things as: 2017 has seen, according to his one time Goldman Sachs source, a “dramatic crash in [physical gold coin] demand,” that interest in gold coins is linked to “political conservatism, or anarcho-libertarianism” and “end of the world right wing sentiments,” that gold has been implicated in a “conspiracy to commit money laundering,” that gold is “financed by people in the narcotics trade,” that it comes from “illegal mines and drug dealers in Peru, Bolivia and Ecuador,” that “the federal authorities assume the NTR Metals [case] represented only a fraction of illegally sourced and financed gold,” that therefore the US attorney is broadly investigating the gold industry, that gold is “produced by exploited workers,” that “crude [gold] extraction techniques create serious and lasting environmental damage,” that gold plays an important part in “tax evasion,” that it is related to American gun sales, which the author abhors; that “drug dealers [use] gold imports as a way of laundering their proceeds,” and that “they came to realize that illegal gold [is] an intrinsically better business” than drug dealing; to name but a few of the aspersions cast against gold in the short article. As we can see, when it comes to their smear jobs, the MSM flings at the wall all the mud it can fit in its hands, hoping that some of it might stick.

As is always the case with the MSM’s consistently negative, biased and dishonest reporting on gold, no mention was made in the article of the Deep State financial elite’s criminal gold price manipulation fraud that has been perpetrated non-stop for nearly forty years and that has resulted in a massive, $1,000,000,000,000.00+ theft from its victims. This is because the MSM is the Deep State’s in-house public relations agency, whose job is to whitewash the elitists’ crimes, no matter how egregious they are.

But buried in the article was an important clue that the Deep Statists are concerned they are losing the War on Gold, which we will further explore later in the article. It turns out that the Deep Statists’ paranoia about and rage toward gold might be entirely justified, because more than ever in the past 37 years, gold is poised to tell the world what it knows, and this will absolutely annihilate them.

Many people are completely baffled as to why, with so many serious fiscal, financial, monetary, economic, social, and geopolitical problems in the world, the Deep Statists remain so mono-maniacally fixated on demagogically denigrating gold and controlling its price.

The answer is that the Deep Statists cannot, under any circumstances, allow the price of gold to replicate the surging price of Bitcoin and other cryptocurrencies. If the gold price genie were to get out of the bottle, becoming international news in the process no matter how much the MSM might try to suppress it, it would spur a gold buying stampede that would cause a flood of money to pour out of bank accounts and into physical precious metals. $325+ billion worldwide now resides in cryptocurrencies, a highly specialized and complex product class. In the right set of circumstances, many multiples of that amount could incrementally flow into gold, a simple product that has been innately understood for millennia by human beings all over the globe.

Already fragile, the banking system cannot withstand a large scale withdrawal of funds. Being finite and in short supply, incremental demand for physical gold would result in immediate and sustained price gains, creating a positive feedback loop in the market place. As people watched the price go up, more and more of them would want to jump on the band wagon and participate in the gains, which is exactly what has happened in the cryptocurrency market.

If interest in gold goes mainstream, then basic supply fundamentals indicate the price would have to rise by thousands of dollars per ounce to even approach what might be considered overbought and/or bubble territory. Which is exactly what has happened to Bitcoin, whose price has exploded to over $10,500 as of today, 29 November 2017.

In the United States, the latest Federal Reserve Board tally of Household and Non-profit Organization (much of which is private) wealth totals $96.2 trillion. If a miniature, 1% sliver of this amount, $962 billion, attempted to find its way into the physical gold market, it would represent incremental demand, at $1,300 per ounce, of 740 million ounces. Not even a small fraction of this incremental demand would be available in the physical gold market at this time, given that it already operates at a supply / demand equilibrium. The gold price would have to surge in order to flush out supplies from current gold owners, whose hands have proven to be, and are likely to remain strong. We believe it would take years for incremental demand of this magnitude to be filled, even at much higher prices. Please keep in mind that this example relates to the United States, alone; there are additional, vast stores of private wealth all over the world, all of which would almost certainly be activated in unison by a run to gold.

With the right spark, the same viral, Social Media-enhanced demand that has come to cryptocurrencies could come to gold. The Deep Statists know it, and the ghostly whites of their eyes now glow eerily and blinkingly across the dark battlefield of Liberty, in the senseless war they provoked and are going to lose.

While there are now hundreds of cryptocurrencies, physical gold is physical gold, and cannot be replicated or conjured out of nothing. There will be no endless stream of new ICOs for genuine, physical gold, because gold is what it is and always will be. This means that funds flowing into gold will be forced into the one and only physical gold market that already exhibits tight, inflexible supply. This further means that the upward price pressure on gold could become volcanic if a run starts.

A steadily increasing number of people will want to get in on the “new Bitcoin,” a bizarre paradox given that gold is as old as time, and will soon realize that gold possesses virtues Bitcoin does not, given that it is real, not digital and abstract; that owners can personally possess and store it in physical form; that it will survive any kind of electric grid or Internet disruption that might occur; that it cannot ever be hacked; that it is the epitome of private, quiet wealth; that it is actually quite beautiful to behold; and that it was not and cannot be made by man, only by God, who does not appear to have any interest in making any more of it.

To date, in order to prevent a surge in physical gold demand from happening, the Deep Statists have created various forms of transparently fake gold, such as electronic gold futures, options and non-auditable ETFs and EFPs. These fake gold products have siphoned funds away from real, physical gold, which cannot be created out of the nothing the way the imposter electronic gold products can be. Increasingly, people are learning that there are no substitutes for physical gold.

More, we find it interesting that while there have been certain highly publicized condemnations of cryptocurrencies, such as J. P. Morgan Chase CEO Jamie Dimon’s comment that Bitcoin is a “fraud,” the financial authorities in the west have done little to nothing to shut down the crypto market. They seem to be just fine with $10,500 Bitcoin, but will stop at nothing to prevent $1,300 gold. Today’s (29 November) market action is a case in point.

The reason is that monetary elitists fully approve of cryptocurrencies, because this the new form of fiat currency the western banks intend to issue. Mass adoption of cryptocurrencies is the necessary forerunner to the elimination of cash, a well-known and important agenda for the financial elite. By issuing their own cryptocurrencies, and/or co-opting Bitcoin and other private cryptos via regulation and edict, central bankers can continue their tradition of controlling the money supply. A population that has learned the value of owning and become adept at trading physical gold would prevent central banks from continuing to use fiat currencies as economic, political and societal control mechanisms. It should be no surprise that they loathe gold so much; in its honesty and integrity, it is the exact antithesis of everything they stand for, are, and do.

Some people argue, “Even if people run to gold, their funds will still remain within the banking system, so the bankers aren’t worried about this happening.” In our opinion, this is wrong.

Fiat currency used to buy precious metals will move from personal and business bank accounts, to gold dealer accounts, to gold wholesaler accounts; and then to a variety of sovereign mint, gold precious metals refiner, gold miner and other gold supplier accounts, a large percentage of which are international.

A bank that hosts a deposit account used to purchase physical gold has no assurance whatsoever that the buyer’s funds will transfer into another personal or business account managed by it. In all likelihood, the funds will disappear from the host bank and not return. Ultimately, the likelihood is also high that a portion of the funds, potentially significant, will disappear from the country’s banking system altogether, given the global nature of gold mining, refining, minting and fabrication. Therefore, bankers regard a run to gold as a severe, direct threat to them, which is why they do everything in their power to discredit it and crush its price. They are attempting to prevent a run on their banks.

Over the past several years, the Deep Statists have gone to extraordinary lengths to internationally legalize bank “bail-ins.” They did not do this casually, by accident, or for fun; they did it because they know that when the system fails, a time-bomb guaranteed to detonate given the system’s very design, they will be able to make an unprecedented fortune by expropriating customers’ deposits via the elaborate bail-in mechanism they have engineered. They will use the phony pretext of “rescuing” and “resetting” the financial system for the public good to justify this action. If, before they spring the bail-in trap, depositors have already withdrawn their funds to purchase physical precious metals held outside the banking system, those funds will no longer be available for bail-in looting. The bankers cannot steal bank balances that have disappeared.

The cryptocurrency phenomenon, now an international sensation, has stunned them into the awareness that people all over the world have a deep, abiding, instinctive desire to own honest money of limited supply that will serve as a reliable store of value, and that cannot be hyper-inflated into oblivion for the private gain of plunderers and profiteers, the chief problem with corrupt, endlessly counterfeited fiat currencies controlled by self-interested, opportunistic, predatory central bankers and their controllers, the Deep State financial elite.

*  *  *

Due to the length of this article, we have divided it into two parts. This ends Part 1. In Part 2, which is already written and will be released in a few days, we will share with you important clues indicating the Deep State’s concerns about losing the War on Gold, despite the unprecedented intensification of their attacks. We will also discuss how the United States Federal Reserve is outright warning that new threats to financial and economic stability are on the horizon.

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Nature_Boy_Wooooo's picture

Geez 1% it's gonna take you goldbugs 2 months to gain that back. LOL!!!

quasi_verbatim's picture

Release your inner barbarian. Own the relic.

Crypto is the New Tungsten.

Montana Cowboy's picture

We always read the headline when short sellers dump millions of ounces of "nominal gold" that they don't really have. On every one of those short contracts must be a long buyer, otherwise the contracts could not graduate from an offer to a contract. Those long buyers are in on margin only. They really don't have the cash to call for delivery. So, didn't they buy that gold with NOMINAL DOLLARS that they don't have? Why wasn't that the headline?

Fed-up with being Sick and Tired's picture

Because the answer HAS TO BE:   "there is no market."  In other words, there is no bid/ask.   There is no auction.   It is all electronic, so they can "artificially" create demand, shorts can also be "artificial."    We can no longer trust the intuitions and hard actions of this "market" because there is none.

lakecity55's picture

Yes, in the West there is no honest discovery price.


galant's picture

The rigging has become so blatant that we now have insiders such as European market analyst Lawrie Williams, writing last month for the Sharps Pixley bullion dealership in London:

"We have just seen yet another instance of a totally insane volume of notional gold hitting the futures markets, surely designed to stop any positive momentum for gold in its tracks. 

[In this incident gold had been trading in Europe above the $1,284 level - not great for the gold aficionados but perhaps sufficient to suggest a degree of positive momentum. 

 But almost immediately after the COMEX opened, a stupendous amount of paper gold (over $4 billion worth - over 3 million ounces) was ’dumped’ on the futures market in a matter of minutes. ]

 ”I say 'insane volume’ because in a true fair market no one in their right minds would put so much on the market in such a short space of time even if it involves only paper gold rather than actual bullion.

 "These 'flash crashes' in the precious metals prices seem to be happening every time we start to see positive moves in the gold price. That cannot be coincidental."

Craig Henke of TF Metals sums up the dirty details thus:

•The Banks issue paper shorts on metal they don't have nor do they intend to deliver. 

•The Specs buy the contracts for metal they have no intention of ever acquiring.

•The Banks simply issue enough paper contracts to meet Spec demand.

•Eventually, Spec demand is sated and price begins to fall.

•As price falls, Specs sell and Banks cover...thereby closing back out all of the ill-gotten contracts.

•And The Banks always win because they have infinitely deeper pockets than the Specs. The Banks can simply issue as many contracts as necessary to outlast the Specs.

The reality is that since December 31, 1974, when the Commodity Exchange Inc., known as Comex, began trading gold futures contracts, the global bankers and governments have manipulated the gold and silver prices with derivative contracts.

The evidence collected by GATA and others detailing how this is being done is now so damning that it is rarely even contested any more.

The question is no longer whether this manipulation of the precious metals markets with derivative contracts occurs, but whether it is fraud.

And the supplementary question is, does anyone intend to do anything about it?


Koba the Dread's picture

Lenin said it best: The capitalists will sell us the rope we use to hang them. Aside from the fantasy and the completely incomprehensible "gold is the new cocaine for money launderers" (Cocaine isn't even the cocaine for money launderers; money is the cocaine for money launderers!), suppressing the price of gold for some years now has allowed both Russia and China to build substantial gold reserves and thereby insulate those countries from financial ruin. . .after the collapse. Couple that fantasy to the fantasy of America's gold reserves (last inventoried--maybe--in 1954) naked gold shorts and a good (nay, excellent) case for massive fraud, for a massive continual criminal conspiracy, is easy to make. . .if anyone in the Anglozionist world were to make it. Fortunately for the Anglozionists, there is not anyone to make that case. There is no law. There are no markets. There are no Smith-Ricardo capitalist. There is no US Constitution. There is no honor. None!

lakecity55's picture

Makes you wonder.

The Atlanticist Banksters suppress Au. At some point, they realize Asia and Russia (Euroasia) has LOTS of Au.

The Goldsteins change their name to Xi-stein and move East....

boeing747's picture

Platinum price is a joke, keep buying. Rhodium has large profit.

Hillarys Server's picture

Proverbs 1:26 to 1:28
(Amplified Version)

26 I will laugh at your Bitcoin; I will mock when your fear cometh;
27 When your fear cometh as desolation, and your destruction cometh as a whirlwind; when distress and anguish cometh upon your coin wallet.
28 Then shall they call upon their silver dealer, but I will not answer; they shall seek me early, but I shall be $100 an ounce.

Yellow_Snow's picture

Proverbs 14:30

(Real Deal Version)

A tranquil heart gives life to the flesh, but envy makes the bones rot.

Hillarys Server's picture

That's so true.

Pieces of mannah, gold, Bitcoin. It's a never ending pageant of desire and envy.

Dragon HAwk's picture

Nice Central bank you got there Folks,  Be a shame if the people surrounded it and broke down the doors with a Bulldozer or something and stole all the Gold. , Never Think Small

ali-ali-al-qomfri's picture

As soon as I meet some Banker named;




then cryptos will have arrived,

until then its







slvrizgold's picture

All the major-nation states own more gold than any other sovereign.   And JPM owns more silver than any individual citizen.   That's what I want to own.   Crypto holders are gonna be like people who sold everything to buy silver for $48 an ounce.  That's what I believe.  And no I'm not jealous.   I owned no less than 29 junior miners rhan went up >1000% in 2010-2011.    Good luck out there.   Hope you learned something from history

Dragon HAwk's picture

Transactions without oversight is what they are afraid of, as in Physical Cash, it changes hands between people for things of value without them controlling it or taxing it.

roddy6667's picture

China and Russia don't fear gold. They encourage their citizens to buy all they can afford. The governments are also buying and producing all they can. No problem with gold in China and Russia.

Pearson365's picture

Link to Russia encouraging citizens to buy gold?  I'll just assume you don't have a link to that becasue I've kept a look out for years and never seen it.

Fireman's picture

The future of money is being decided by those powers that actually have physical reserves and resources. That future does not include a Fedcon style Bitcoin or Blipcoin takeover by the chosenite money changers being imposed globally by Pentacon Kill Industries Inc, whatever about being imposed on USSAN and European debt slaves, as they giddily embrace their cashless gulag and jab their "smart" phone Blipcoin credits to purchase their Starschmucks gump. For Russia and China "reserves and resources" does not mean the unpayable debt that so-called Western capitalists and banksters imagine "wealth" to be. One gets it or one doesn't as the case may be but the anglozionazi centric world is already a thing of the past.


When the Blipcoin Millennial App became the new definition of "wealth", it was apparent to all with a functioning brain that the days of the Saudi Mercan IOU petroscrip toilet paper dollah were about to end for good. What replaces it will not be decided by those that debauched it.

Onward to Slumville and the future we have earned.


Dear electric tulip gardener Shlomo Satoshi send very big tank to all his wonderful flock of beli€ver$ from refuge of glorious, ethereal Blipcoin Temple. Enjoy the soul soothing Bubbl€$ rising always rising forever amen. May the Blip be with you!


HelloSpencer's picture

In the end, what the price of gold is in a given fiat currency will matter little.

Pearson365's picture

Quoted from a Martin Armstrong blog:

The risk with Bitcoin is that the government could simply change the definition of money. That is what they did to me back in 1980 because I was one of the three main market-makers in gold (perhaps the biggest). It was all a hunt for taxes, not concerning me but my clients. I have explained before why I retired from making markets in gold — the IRS declared me to be a BANK! When gold was legalized in 1975 and began trading on the COMEX in New York, the New Jersey Senate asked me to write the law on gold to make sure it would not be taxable to buy and sell gold bullion. I worked with Senator Foran and developed the language that “gold was not taxable unless converted to use.”
I was making the market to buy gold scrap from all the stores you see with “WE BUY GOLD” signs. They buy the jewelry and it has to be refined. To do that, you needed a minimum lot of 100 ounces, which was the contract size on COMEX. When gold was $800, that meant one 100 ounce bar was valued at $80,000. The refining period was 6 weeks. Therefore, all of these small operations could not afford the float. If they bought 100 ounces per week, then they would need $560,000 in working capital. That would not work for most of these small shops buying gold.
I made the market. The shops could ship whatever they bought that day and I would buy it at the daily price. I gathered all the gold sold by countless stores. The gold was shipped by armored cars to Englehard for refining (PhiBro or Philipps Brothers who eventually bought Saloman Brothers). I was doing tens of millions per week back then and refined a mountain of gold.
First, the NJ tax authorities walked in and declared me to be a merchant. I said gold was not taxable unless converted to a usable product. They said their “interpretation” was that the “use” was investment. I refused to pay and opted for a trial. Of course, you do not get a jury, just a judge who rules always for the government. I was not allowed to testify at my own trial for they said whatever the Senate had asked me to write, I may have misinterpreted their intention. Senator Foran was so angry that he demanded to testify at my trial. The government objected and he was allowed to testify ONLY as a private individual citizen. I moved to subpoena the full Senate. The judge denied me, and I lost.
Simultaneously, the Feds walked in and declared me to be a BANK. They then declared that I had to file forms to report when my clients bought or sold more than $10,000. Their interpretation was that gold was NEVER formally declared not to be money in 1971, so I was a BANK. They threatened me saying that the fine was $50,000 up to the full amount of every transaction I failed to report. They said they knew I perhaps did not “realize” I was a BANK and would forego the fines if I would allow them access to audit all my clients. I had no choice. They set up shop in my office. I walked by, noticing that they were pulling out names of those whose transaction were even $5,000, and I asked what was going on. The agent turned to me and said very aggressively, “You have a problem, keep your mouth shut!” The next day in rolled the vans and they took all my business records and began an audit over 3,000 of my clients for the next three years.
That is why I retired. I neither wanted to collect sales taxes on bullion nor be a BANK and report on my clients. Since I was the biggest, they were starting with me. People doing business outside of New Jersey would not have the sales tax problem and the IRS was interested in me because of my size. They would not do the same for small shops. So it was time to get out of the business. Clients wanted the research to continue, so that was spun-off as a new company in 1981.
Now comes Bitcoin. The Judiciary Committee of the United States Senate is currently working on Bill S.1241 that aims to criminalize deliberate concealment of property or the control of a financial account. The bill was submitted in June, and the law would change the definition of “financial account” and “financial institution,” and thus also cover digital currencies and digital exchanges. Who is pushing it? None other than California’s Senator Dianne Feinstein, who maintains that the bill is needed to update existing money laundering laws because of terrorists.
This means that the miners of Bitcoin will become a “bank,” as I was declared. The operators of the trading platform Coinbase were forced by court ruling to notify the IRS of the identity of over 14,000 investors who were trading $20,000 in Bitcoin. Users were affected if their trading volume had exceeded $20,000 at the beginning of 2013 by the end of 2015. So this is NOT a single transaction, but accumulative. The IRS will now “presume” tax evasion. This is what I warned would happen. Been there done that! They can shut down Bitcoin in the blink of an eye by simply defining anyone who is a miner to be a financial institution.
The bill will change the definition of “financial institution” in Section 53412 (a) of Title 31 , United States Code. The text will read:
“An exhibitor, a redeemer or a cashier of prepaid access devices, digital currency or a digital exchanger or a digital currency.”
The regulation will remove the anonymity of Bitcoin and other cryptocurrencies defeating this idea that there is an alternative-financial-universe separate from government.

Maestro Maestro's picture

Very informative. Thanks for sharing.

Lokiban's picture

One merely has to wait for the Russia/China goldtrading system to come online circumventing the West pricecontrol on it things will become mightily interesting for sure.

What will gold do when the powers of the West to set the goldprice is gone?

Maestro Maestro's picture


Watch Putin (and Trump) do the sword dance with the wahhabi muslim terrorists and weep.

The former sells S-400s to the monsters, and the latter, hundreds-of-billions-worth-of tanks, rockets and fighter jets to the wahhabi muslim terrorist scum who stone women to death for having had sex and crucify children who refuse Islam.

Putin is a lowlife scumbag.
Trump is a lowlife scumbag.
Hillary is a lowlife scumbag.
Netanyahu is a lowlife scumbag.
Macron is a lowlife scumbag.
Merkel is a lowlife scumbag.
May is a lowlife scumbag.

YOU are a lowlife scumbag for voting them into office.

Maestro Maestro's picture

Zerohedge = bitcoin = CIA

That Zerohedge no longer reports the Israeli Jews unlawfully bombing and murdering the Syrians - but publishes articles promoting bitcoin every 5 seconds - is PROOF that Zerohedge has become an AngloZionist psyop.

Pearson365's picture

You'll be getting banned as soon as some Tyler wakes up.  The truth is difficult for sensitive minds.

Maestro Maestro's picture

Than Zerohedge is an has-been. Spread the word.

Ocean22's picture

Question is what crypto will they pick to be the one and only global “coin”? How will SDR’s factor in?

wdg's picture

"This escalation proves the supreme importance to the Deep State financial elite of the maintenance of their gold price dictatorship, which is a vital component of their long term, systemic campaign of financial plunder." 

This is an excellent article. But we do need another name for "Deep State financial elite". May I suggest "Deep State financial crooks, gangsters, thieve and other evil people".

There is no question we are in a war between honest money and counterfeit paper; between honest workers who provide valuable products and serves, and financial thieves and plunderers; between morality and unspeakable evil; between a government of the people and an oligarchy controlled by banksters; and between freedom and enslavement by the money changers. Most people don't understand that at the core of our freedom and liberty is honest money represented by gold and silver, not a massive system of theft and plunder represented by central and fractional-reserve banking. How this will all end is not clear but the fact gold and silver cannot be created out of thin air like all fiat currencies and is controlled by its abundance in the earth's crust is creating major problems for the crooks and gangsters who are waging a war of plunder against all western nations. Call me an optimist, but truth, freedom, decency and honest money will ultimately triumph over theft and enslavement. And when that day of reckoning arrives, I want retribution for all the crooks and thieves at the highest levels of politics, banking, major corporations, the courts and the MSM. There will not be a western government, bank or main stream media outlet left standing. 


T-NUTZ's picture

'given that it is real, not digital and abstract; that owners can personally possess and store it in physical form; that it will survive any kind of electric grid or Internet disruption that might occur; that it cannot ever be hacked; that it is the epitome of private, quiet wealth; that it is actually quite beautiful to behold; and that it was not and cannot be made by man, only by God, who does not appear to have any interest in making any more of it.'


Can I puke some more?   Another idiot that doesn't understand first that gold is made in stars and second that bitcoin is digital gold and has all of the qualities of gold except that it is much more portable.  

T-NUTZ's picture

Is it possible investors are selling gold and buying BTC?

gdpetti's picture

Yes, especially young ones with no experience of it... as well as momentum traders betting on the 'liquidity' of the market to allow them safe passage in and out of harbor... again, those with no experience or knowledge of history... which is most everyone. Their real problem is the world economy is moving East and China and Russia isn't going to allow our fake BS much longer... and if we keep making it cheaper for them to buy as much of the shiny stuff as they want... then, they will... but they know that they have to take the reins soon or go over the cliff with us... and they don't want to do that.

Mother Nature's arrival will make it all moot... but that seems off everyone's radar who don't pay attention to the larger picture.