• Monetary Metals
    05/02/2016 - 01:28
    The price of gold shot up this week, and silver moved proportionally. Headlines are screaming for gold to hit $10,000 or $50,000. Does this alleged new bull market have legs?

On Europe, Inflation, And Gold.

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Mon, 12/26/2011 - 17:53 | 2012244 hazek
hazek's picture

Gold bitches!

Mon, 12/26/2011 - 18:10 | 2012262 SAT 800
SAT 800's picture

"The tragedy of the Euro" is an excellent book; highly recommended. It's introduction was based on the blackmail of Germany to enable that country to re-unite. The prime instigators were a pair of life-long Socialists. They have now reached the point referenced by Maggie Thatcher; "The problem with Socialism is that you run out of other peoples money to spend."

Mon, 12/26/2011 - 18:45 | 2012306 strannick
strannick's picture

A gold standard is the last thing central banks would want. As it is, there is nothing controlling their idiotic academic powermongering schemes. 'Let me control a nation's currency, and I care not who makes its laws'.

If one presumes central banks and politicians want a fiscally responsible system, gold is the obvious answer. If one believes instead that they want power and control over the economy and citizens livelihoods, then the current system of chronic deficets will be continued.

Mon, 12/26/2011 - 18:54 | 2012317 GetZeeGold
GetZeeGold's picture

 

"Adjust the price of gold"

 

THANK YOU. THANK YOU. THANK YOU.

 

If I hear one more idiot state there isn't enough gold....blood is going to shoot from my eyes.

Mon, 12/26/2011 - 19:04 | 2012322 akak
akak's picture

Then I suggest you refrain from reading Jon Nadler, which would undoubtedly cause multiple and copious stigmata to spontaneously erupt over your body in response --- most likely accompanied by an involuntary and spasmotic release of your bowels. 

(Come to think of it, the latter much resembles everything ever written by Jon Nadler in the first place.)

Mon, 12/26/2011 - 19:56 | 2012397 Irelevant
Irelevant's picture

Another, in 1997: "You should not think they are dumb! Invest in gold mines, will you? Notice how quick the Australian CB hinted at taking "gold in the ground" if needed. This was said after their sale! The nature of the coming crisis will make the taking of investor property a piece of cake. You see, because gold is a commodity, you will be compensated at the commodity price of return + a fair profit, of course.".

Mon, 12/26/2011 - 20:06 | 2012403 GetZeeGold
GetZeeGold's picture

 

I was there in 97 when ANOTHER was making his posts. I did a rough calc on the true value of gold and about hacked a fir-ball.

People used to laugh at me for buying gold back then......they don't anymore. Math is your friend.....got math?

Mon, 12/26/2011 - 20:36 | 2012436 Irelevant
Irelevant's picture

He wasn`t just one guy, thats for sure. The postings were probably written by some asians. However they tend to be accurate, when you look at how events unfolded!

GOLDEN CHEESEHEAD ( @ANOTHER SHOCKING POST! ) ID#431263: All paper gold will be worthless just like stocks and bonds! Am I right? If not please correct!

Mr. GCH, You may be more right than wanted to be. For some it is a long torturous wait to go without paper gains. For ones outside the west, it is not hard. Days pass easily as a thousand years of history give backing TO OUR investment. "For what I hold is not an empty promise. Nor is it a major thought of debt. I am now today, paid in full!".

Asian 100%

Mon, 12/26/2011 - 21:11 | 2012475 Irelevant
Irelevant's picture

Also from another:

 

One new day gold will begin a rise that will end it's use as a trading medium. This reevaluation will end a tradition in London. No gold house will make a market that has no sellers, official world gold trade will end for many years! And with it will go the last true value to trade for oil. Oil will skyrocket in all currencies. Those who have metal will learn it's value in oil. All things in life change, the world will not be the same.

 

All these were written during the asian crissis. Oct 31 1997:

THE MARKET TURMOIL: THE TRADING; Aftershocks From Asia Hit Wall St.

http://www.nytimes.com/1997/10/31/business/the-market-turmoil-the-tradin...

Also from another:

Many wait for the next great bull market in gold to begin before they buy. Why buy now and lose interest or stock market gains? They will miss the greatest investment ever to come in ones lifetime! The powers of this world have already begun this motion. People of simple thought have but to buy physical gold and make low as the financial wars begin! You see, gold was cornered this year. It is done. No Central Bank will sell it's 50, 100, 200 million ozs gold when 600 million is needed! I ask you, how can currency price gold? Indeed, no price will work! You think any form of "paper gold" will stand this fire? Can we do battle with lions? When oil will not take currency without gold the havenots will not sit still!

"When a thousand hungry lions fight over one scrap of food, small dogs should hide with whats in their belly".

He uses alot of quotes. He is just a messenger.

Mon, 12/26/2011 - 21:18 | 2012481 Irelevant
Irelevant's picture

Another: Mr. C.B.,
The future will look back at us with respect, as we knew not what was happening! A day will come, sir, when no paper dollar will pry gold from your hands! In that day, you will be too smart for such foolishnes

The world has changed and the gold market has changed with it. We are going back in time much further than many will accept. A time when men, such as I, will take what is yours! If you hold your value in a public way, it will be taxed or taken for the good of all. Such are the ways of extream times!

Only time will prove all things. - repeats this obsessively. Probably he was writing some posts, and had someone write others. Some have no quotes, others are all quotes.

Tue, 12/27/2011 - 02:13 | 2012739 Michael
Michael's picture

"TV Channels are in close relations with corporations and with the government."

Starts around 3:00. Really trashes the MSM pretty well. 

I found this ZH piece to be extremely intellectually entertaining. Its really brilliant, yet so simple, even a cave man can understand what the assistant professor has to say. The guy is brilliant.

Tue, 12/27/2011 - 03:07 | 2012774 Michael
Michael's picture

Lets spice things up;

Israel Caught Selling 69 US Patriot Missiles to Red China

http://www.dailypaul.com/196406/israel-caught-selling-69-us-patriot-missiles-to-red-china

I love this comment at Daily Paul;

Do you actually think that CBS, et all is going to tie Submitted by freedom express on Mon, 12/26/2011 - 22:35.

this to Israel? The Israeli's could shoot 20 Palestinians, bulldoze a whole villiage, and the MSM et all, will report how Hamas sent 6 'rockets'(oversized fireworks) at Israel. If these Patriot missiles were going to ROK, don't you think the people on the ship, even if they didn't know what was contained in containers, would know they were to be sent to the ROK? The real question which should be asked, if these are secret technology weapons, why the hell would they send them on a cargo freighter, and not a US Navy vessel? Wouldn't they want military protection of these, and avoid the chance of pirating and capture of the contents? People need to start using common sense, instead of just reading the propagandist diversion reporting, because 95% of reporting is pre-scripted by the controlled editors.
Read this article, as even Fox, before selling out, pointed to this right after 9/11 http://www.veteranstoday.com/2011/12/26/sayanim-%e2%80%94-is...

http://www.dailypaul.com/196406/israel-caught-selling-69-us-patriot-missiles-to-red-china

Tue, 12/27/2011 - 04:02 | 2012806 Michael
Michael's picture

The guy in the topic being interviewd reminds me of this guy;

Aldous Huxley interview-1958 (FULL)

http://www.youtube.com/watch?v=3TQZ-2iMUR0&feature=player_embedded#!

Tue, 12/27/2011 - 04:15 | 2012816 Michael
Michael's picture

Who is the leader of the Ron Paul Grassroots movement? They've raised more than 20 million for Dr Paul even without the doctor's involvement. Surely there must be a leader of the grassroots movement. Who or what can raise that much money for him without a leader? I want to know who or what that person may be?

Mon, 12/26/2011 - 20:43 | 2012442 q99x2
q99x2's picture

$32.50 per ounce then adjust for inflation. Couple hundred tops. That is if they don't have to fly over with gold detecting drones and force you to hand it over. If you are not in the U.S. you might get a better deal.

Mon, 12/26/2011 - 21:03 | 2012473 GetZeeGold
GetZeeGold's picture

 

 

If you can get it for that.....I'd say go for it.

 

 

Mon, 12/26/2011 - 22:23 | 2012557 economics1996
economics1996's picture

Dude here is a link to the Fed monetary base.  Fricking use it for Gods sake.

http://research.stlouisfed.org/fred2/graph/?s[1][id]=AMBNS

Tue, 12/27/2011 - 00:11 | 2012677 buckethead
buckethead's picture

Wholly shit!

Tue, 12/27/2011 - 01:10 | 2012723 Max Fischer
Max Fischer's picture

 

 

How, exactly, am I suppose to use the Fed monetary base?    

Max Fischer, Civis Mundi

Tue, 12/27/2011 - 10:44 | 2013419 OldTrooper
OldTrooper's picture

Wallpaper, paper airplanes, toilet paper, oragami, cat box liner...the uses are limited only by your imagination.

Tue, 12/27/2011 - 01:12 | 2012725 Oh regional Indian
Oh regional Indian's picture

Hmmmm....what about the folks who say there might be too much gold?

It's the kicker that is coming. Disclosure moments abound. The Dragon Family case may be tin-foil nirvana, but yet, it has been filed and cannot be frivolous. 

So, in this time of no absolutes, I'd shy away from making gold one such. 

And it's scarcity is a key "Freegold" lynch-pin.

ori

/an-opportunity-and-a-golden-warning/

Tue, 12/27/2011 - 05:39 | 2012876 theMAXILOPEZpsycho
theMAXILOPEZpsycho's picture

...but where is all this gold going to come from??

Mon, 12/26/2011 - 18:58 | 2012324 Sudden Debt
Sudden Debt's picture

EUROPE DOESN'T NEED GOLD!

We need a kick ass army like the US has. We have almost double the amount of citizens so plenty of canon meat! We build kick ass weapons which we sell but don't use....

Let's just build 20 aircraft carriers, train 10 million seals, 10 million drones, and lets just kill the chinese and the arabs!

LIEBENSRAUM!!

Mon, 12/26/2011 - 19:03 | 2012330 GetZeeGold
GetZeeGold's picture

 

 

You may have something. Only those in the military in the US are allowed to retire at 50.

Mon, 12/26/2011 - 19:18 | 2012344 10 Euro Münze
10 Euro Münze's picture

Liebensraum = Love room  !  :)

Lebensraum = spave to live in.

Mon, 12/26/2011 - 19:33 | 2012367 SAT 800
SAT 800's picture

Cut him some slack; he's Belgian. they speak two languages poorly. And neither one of them is German.

Mon, 12/26/2011 - 19:49 | 2012386 achmachat
achmachat's picture

trivia of the day: German is one of the three official languages in Belgium

Mon, 12/26/2011 - 19:51 | 2012391 SAT 800
SAT 800's picture

Oh, dear, my bad. sorry.

Mon, 12/26/2011 - 20:55 | 2012463 Amish Hacker
Amish Hacker's picture

This is even worse than we thought.

Mon, 12/26/2011 - 19:34 | 2012369 Sudden Debt
Sudden Debt's picture

Exactly, make love and than go to war in the Liebensraum :)

No eh.... What is "spave"?

Mon, 12/26/2011 - 19:50 | 2012390 SAT 800
SAT 800's picture

I have no idea; but I'm on your side, honest.

Mon, 12/26/2011 - 19:53 | 2012394 TheGardener
TheGardener's picture

And thus spew Zarathustra...

I got your Liebensraum sorted out below.

P.S. : How should I reference to you when using your
intellectual property rights ? SD ? Like in Sicherheitsdienst or the executing branch of the Reichssicherheitshauptamt as in homeland security ?

Tue, 12/27/2011 - 02:01 | 2012758 wandstrasse
wandstrasse's picture

Make war in the Liebesraum, not love!

Tue, 12/27/2011 - 19:51 | 2014999 10 Euro Münze
10 Euro Münze's picture

I see that "C" and "V" are next to each other on the keyboard...my bad..

Mon, 12/26/2011 - 20:43 | 2012443 Monedas
Monedas's picture

Liebenstraume = Wet dream !

Tue, 12/27/2011 - 20:00 | 2015004 10 Euro Münze
10 Euro Münze's picture

Just like an Alptraum is a dream of the Alps!   :)

 

(In German Albtraum is a "nightmare" but it sounds like "Alp")

Mon, 12/26/2011 - 19:27 | 2012358 SamAdams1234
SamAdams1234's picture

But Americans breed Meat-muppets: easier to control.

Mon, 12/26/2011 - 19:32 | 2012364 SAT 800
SAT 800's picture

De-caf. De-caf is good; it really tastes alright. You need to calm down.

Mon, 12/26/2011 - 19:33 | 2012368 TheGardener
TheGardener's picture

Stop your rants, you might be misunderstood.

500,000 standing army as Poland had for provocating against
the 100,000 Reichswehr guard ,this time well trained and equipped would be enough to stage off the muslim invasion,
just as the Poles saved us Europeans just short of Vienna
last time around.

Reverse crusade, but with your "Liebensraum" attitude, no harm to anyone, just back to each others tribe.

Mon, 12/26/2011 - 20:46 | 2012449 q99x2
q99x2's picture

You can use our army. Everybody uses our army. Bankers use our army. Drug dealers use our army. Al Queda uses our army. Prostitutes use our army. Local stores use our army. Manufacturers use our army. How much you offering?

Mon, 12/26/2011 - 20:52 | 2012454 q99x2
q99x2's picture

Biotech companies use our army. Oil compainies use our army. In fact we just passed the NDAA so we can use them against ourselves. If you need an inside number to discuss price let me know.

Mon, 12/26/2011 - 22:26 | 2012563 q99x2
q99x2's picture

Sorry for the reckless rant. A bit of indigestion from the markets being closed.

Mon, 12/26/2011 - 21:16 | 2012483 Piranhanoia
Piranhanoia's picture

Belgian?

Mon, 12/26/2011 - 20:08 | 2012404 Smiddywesson
Smiddywesson's picture

 

"A gold standard is the last thing central banks would want. As it is, there is nothing controlling their idiotic academic powermongering schemes. 'Let me control a nation's currency, and I care not who makes its laws'.

If one presumes central banks and politicians want a fiscally responsible system, gold is the obvious answer. If one believes instead that they want power and control over the economy and citizens livelihoods, then the current system of chronic deficets will be continued."

 

 

I quoted your entire comment because it was flawlessly logical (you are my guy) but unfortunately, Ben Bernanke doesn't agree with you.  He lays out his plans in his 11/21/2002 Helicopter speech and his 10/31/2003 Japan speech.  They will link fiat to gold, ramp gold prices, devalue fiat, engage in gold purchases, print like crazy, and set price targets.  That will ramp stocks and hold off the inevitable for a while.  

They will link to gold in some way, but you are not at all wrong Strannick, because there's no way in Hell they will handcuff themselves.  Gold can be manipulated to any price that suits the powers that be, a basket of currencies cannot without ruining droves of industries.  So you are absolutely right, they won't handcuff themselves, but a tad bit off in thinking they only have the option to go to a pure gold standard.  That isn't going to happen.

The game was gold was money, and they controlled gold.

The game is now paper is money, and they control paper and gold.

The game has only one place to go, back to gold and they will control the gold.

The problem is to view gold as a safe and sound economic basis.  The central banks run a shell game and it doesn't matter whether they use gold or paper as the pea, the game is won by manipulating the pea.  Don't be a sucker and think a gold standard will solve all our problems.  It's like having a crook run your company and thinking a different method of accounting is going to keep him from stealing from you.

We are going to a gold referrenced system from a paper system because there is nowhere else to go.  That doesn't mean the vampires latched to our throats are going away, but it does mean that anyone with gold, and with the intestinal fortitude to hold their PMs throughout the long road ahead, will win in the end.

 

Mon, 12/26/2011 - 21:26 | 2012494 Marco
Marco's picture

Gold doesn't ensure fiscal responsibility ... countries were defaulting long before they could do it through fiat devaluation.

Oops, replied to the wrong post ...

Mon, 12/26/2011 - 21:45 | 2012524 tmosley
tmosley's picture

Sure, but the point is that those who held the currency, which was gold, didn't suffer like those who went through hyperinflation.

Gold does force honesty.  The banks can't do anything to force gold holders to suffer, save for forcing them onto a quasi-gold standard or onto fiat.

Tue, 12/27/2011 - 03:29 | 2012788 AnAnonymous
AnAnonymous's picture

Another epic US citizen moment.

Cheap propaganda as good US propaganda is.

When holding money, the question is always the same: owning enough of it. Gold as a currency is not different.

Tue, 12/27/2011 - 09:34 | 2013245 tmosley
tmosley's picture

Really?  How many Zimbabwe dollars was "enough"?

No, idiot.  Owning gold is about preservation of purchasing power, and keeping said purchasing power in your nation when the monetary authorities spaz out and sell their people down the river.

Tue, 12/27/2011 - 00:22 | 2012674 cranky-old-geezer
cranky-old-geezer's picture

 

 

Good points. 

This is why mere gold backing is meaningless.   They can change the "backing rate" any time they want. 

Today it's ...oh say... $100,000 per ounce.  Tomorrow they can change it to $120,000 per ounce, no problem ...and wait 6 months to announce it publicly.

Gold redeemable is the only thing that shackles the bankers

...assuming they put the redeemability rate on the currency so they can't change it later on.

No, not "one dollar of gold".  That won't work.

It has to be "0.XXXXX ounce of gold .999 fine", something like that.

A gold coin is a defacto gold standard.  It has a fixed amount of gold  that doesn't change.

Paper currency has to do the same thing to be a true gold standard.  It has to be redeemable for a fixed amount of gold that doesn't change.

Mon, 12/26/2011 - 22:38 | 2012574 disabledvet
disabledvet's picture

How about a simple currency board then? It's worked well for Hong Kong for decades now--and it would appear that thing ain't going anywhere anytime soon. Enter the Baggus? I say...."Enter the Haggis" instead!
http://www.youtube.com/watch?v=4vkn1HT4K_U&feature=player_detailpage

Do NOT follow this link or you will be banned from the site!