Wikileaks Discloses The Reason(s) Behind China's Shadow Gold Buying Spree

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Sat, 09/03/2011 - 17:25 | 1630035 honestann
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In gold we trust.

Sat, 09/03/2011 - 17:34 | 1630056 Troll Magnet
Troll Magnet's picture

No.  In Gold They Trust.  We trust paper.  Oh well.  At least our food isn't made out of plastic.

Sat, 09/03/2011 - 17:44 | 1630078 nope-1004
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I trust any hard PM that can't be duplicated at the whim of some ponzi "policy maker".


Sat, 09/03/2011 - 17:47 | 1630082 Troll Magnet
Troll Magnet's picture

Well, yeah.  Some of us do (trust gold).  But most Americans are still asleep.  Hell, we might be in a coma!

Sat, 09/03/2011 - 18:15 | 1630141 doomandbloom
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Ben Fulford mentioned something like this in his blog a few days ago... Some secret meeting with 57 country finance ministers...i thought it was his imagination.

Sat, 09/03/2011 - 19:52 | 1630346 escargot
escargot's picture

Ben Fulford?  Oh yeah....the guy who claims he was told by secret ninjas that he would be made the Japanese finance minister, right? 

Yes, I think it might have been his imagination.

Sat, 09/03/2011 - 20:19 | 1630379 CubanCigar
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That and the shootout over the financial codes in downtown Tokyo the Yakuza told him about

Sat, 09/03/2011 - 22:00 | 1630518 Yen Cross
Yen Cross's picture

Me likey a good Purple Punch!

Sun, 09/04/2011 - 13:15 | 1631515 BaBaBouy
BaBaBouy's picture


Bitchezzz ... 

Thats what should dominate your brains going forward, for a very long time indeed.

And it will Serve You Well.

Sat, 09/03/2011 - 22:35 | 1630529 jeff montanye
jeff montanye's picture

thanks for letting me back on.  the current new yorker has an ad where some brokers have a gold brick thrown through their window and suddenly it's an ad for gld, with, of course, the bullion cachet.  my girlfriend and i laughed.  i said you know that stuff is not real gold, it's paper.  she just looked at me.  she is 80% silver miners (up a 100+%), 20% srs (bought at 17).   

Sat, 09/03/2011 - 22:48 | 1630579 Yen Cross
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The New Yorker?  You need to test drive a ( Bid to Cover ratio) ...> Non existant .

Sun, 09/04/2011 - 02:14 | 1630859 Arkadaba
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I like conspiracy theories as much as the next guy. And sometimes they even have credence. This Ben Fulford guy though - no. He was born in Canada and he seems to be an outright loonie (no pun intended).

Sun, 09/04/2011 - 10:20 | 1631259 Thomas
Thomas's picture

All this money flow discussion is unnecessarily complicated. If gold is 0.15% of assets and it goes up to, say, 3% of assets, then it will appreciate 20-fold relative to those assets. Easy math. Now if it goes up to 5% of assets, not only is the math easy but my eyes start watering in earnest.

Sun, 09/04/2011 - 11:08 | 1631318 Solid Gold Bubble
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especially when you divide the number you get by 16 to get $3925/oz silver... 

Sun, 09/04/2011 - 11:30 | 1631345 High Plains Drifter
High Plains Drifter's picture

fulford is the son of rich jews from new york. i believe he has some mental issues. he is a complete idiot and nobody should waste their time listening to this idiot. he lives in japan and he speaks japanese and i am not sure what he does for a living besides live off of his daddy's money....

Sat, 09/03/2011 - 19:56 | 1630352 Josephus
Josephus's picture


Sat, 09/03/2011 - 21:45 | 1630498 Piranhanoia
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Which of the family is this one?  I hear they are all over the television and people want to know just everything. Are they really Houri's?  do you know?  do you want pictures?   swimsuit or with basketball jones?

sorry, sarc off.

Sat, 09/03/2011 - 22:02 | 1630519 Michael
Michael's picture

I heard a gold analyst on CNBC World asked the question;

Q; How do you know when gold is in a bubble?

A; When every guest on CNBC is recommending people buy gold.

Sun, 09/04/2011 - 11:30 | 1631346 Deadpool
Deadpool's picture

remain somnambulist. allow JPMorgan suppression. Allow us to buy AU and AG on the cheap. When they awake/when they are done suppressing the game is over and prices will be stratospheric.

Sun, 09/04/2011 - 15:57 | 1631899 trollin4sukrz
trollin4sukrz's picture

Coma- hell most are totally fvkin brain dead. Dont even try to wake them either or u will be slammed with out  the respect of added grease. Makes for sore assholes.

Sat, 09/03/2011 - 18:39 | 1630209 Skid Marks
Skid Marks's picture

the whim of some ponzi "policy maker".



Executive Order 6102


The Gold Confiscation Of April 5, 1933


Sat, 09/03/2011 - 18:53 | 1630242 DosZap
DosZap's picture

Skid Marks,@ 18:39,

No one (in this day and age) is going to pay one iota of attention to any EO, or PDD, in regards to giving up PM's.


We know too much.

Sat, 09/03/2011 - 18:58 | 1630251 DoChenRollingBearing
DoChenRollingBearing's picture

+ $1880 and green

Come and get it, bitchez!

Might get Pb at a high velocity first though...

Sat, 09/03/2011 - 19:26 | 1630311 spiral_eyes
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In my view, the real question is just how willing the Federal Reserve and U.S. Treasury will be to defend their massive gold holdings — after all, selling a big chunk of that "barbarous relic" at a higher price (let's say $3,000 or $5,000 an ounce) would go some way to paying down that huge crushing weight of fiat debt without having to resort to printing moneyLet's not forget that Bernanke's mentor, Stanley Fischer the head of the bank of Israel, presides over a central bank with zero gold reserves.

Sat, 09/03/2011 - 19:43 | 1630332 nuinut
nuinut's picture

Zero declared gold reserves.

Sat, 09/03/2011 - 19:46 | 1630338 Long-John-Silver
Long-John-Silver's picture

and lots of gold plated tungsten

Sat, 09/03/2011 - 21:34 | 1630482 Sokhmate
Sokhmate's picture

more euphemismically known as salted gold (technically it is peppered tungsten)

Wed, 09/07/2011 - 20:28 | 1644137 iHanuka
iHanuka's picture

When I wrote that Israel hold no gold I based it few sources.
Bank Of Israel spokesperson, the world gold council data and Stanley Fischer's statements addressing the Israeli parliament.

Sat, 09/03/2011 - 19:45 | 1630335 Jendrzejczyk
Jendrzejczyk's picture

Would it be better for the Treasury to hold the gold, and tell the rest of the world that our gold is now worth $74,000 an ounce to back up all the airdollars we printed?

Sat, 09/03/2011 - 20:18 | 1630377 spiral_eyes
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I think that might be America's endgame... The Rebirth of the Dollar...

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