Yessssss!!!! Gold Always believe in .... Gold, Your indestructible, GOLD!!!

[Letsbereal]

Good you stopped with McDonalds, but how much msg are you consuming (not to mention melamine) in chinese restaurants?
Jesus Letsbereal - get your butt over to this thread and READ IT. You might do well in the next crash, but you won't be around long to enjoy it if you don't knock off the toxins in restaurant foods.. (Written with genuine concern for your health - best regards, Pilikia).

Alt Health/Natural Food/Survival
http://forum.prisonplanet.com/index.php?board=342.0

Well I just used the Resaurant to Restaurant comparison and this doesn't mean I eat at a Chinese restaurant each week. Maybe ones a month.

I started much more cooking at home which I like very much and I am an excellent cook if I say it myself (others have said so too).

Chinese food in the Netherlands is in fact a combination of the Indonesian, Chinese and often Surinam (Dutch) kitchen so can't be compared to Chinese anywhere else around the world.

Have you ever heard of Babi Pangang with Nassi (means rosted pig in Indonesian) for instance which is my standard order at my local Chinese?



But tanks for your concerns, much apreciated.

[Letsbereal]

btw McDonald's May End Health Care Benefits For 30,000 Workers http://www.huffingtonpost.com/2010/09/30/mcdonalds-may-end-health-_n_744950.html

[agentbluescreen]

I prefer to look at locally produced "staples"

A 60's half pint of school milk used to be 5¢ (including 2¢ bottle deposit) = 3¢
today it's $1.79 (in .05¢ throwaway/recyclable plasticized cardboard carton) =$1.78

A 60's pack of smokes was 55¢ today it's between $7 - $13

An all day lift ticket at Vail Colorado cost $5 in 1963
Today it's around $130 or $90/half-day

A modest new 60's house was $17,000
today (with slave-import tooling) it's $149,000

A modest new 60's car was $3,200
today (with slave-import tooling, design, parts & components) it's $18,000

[agentbluescreen]

So in the previous list the only thing that can be classified as a limited finite resource is Vail mountain. The multiplier for this upcoming year at Vail is about 30 ($150), so if we consider the "honest" old partially gold-backed Fed Ducat which stood at $35/oz the normal price for gold by now (in honest dollars) would be around $1050.

Unfortunately though, all evidence indicates that as much as 248,046,115.696 ounces of gold may well have been lent, sold, borrowed, substituted with tungsten or otherwise be AWOL from the Treasuries unchanging "gold report" that has remained completely static since 2006 (note the ever-changing daily "current date" on the page when it was actually "last updated" back in April)  LOL

To quote James Turk from a Sept 9 2008 article on the subject:

Here 's something else about the US Mint that Fat Tony may find curious. The Treasury reports the US Gold Reserves monthly at this link: http://fms.treas.gov. These reserves include "gold held by U.S. Mint facilities ", which the report labels as "working stock " and describes it as "the portion of the U.S. government-owned Gold Bullion Reserve that the U.S. Mint uses as the raw material for minting congressionally authorized coins. " The August 29, 2008 report says the quantity of working stock is 2,783,218.656 ounces. Yet we are told by the Mint that none of that can be minted into gold eagles? Would Fat Tony say we are a "sucker " to believe that the Mint cannot produce gold eagles to meet demand?



Here 's something even more bizarre. One would assume that the size of the Mint 's working stock varies from month to month, just like inventory varies from month to month in any business as a result of changes in production and the ebbs and flows in sales. And indeed, the Mint 's inventory did vary monthly, up until March 2006. But according to the Treasury 's reports, the Mint 's working stock has remained exactly 2,783,218.656 ounces since April 2006. How is it possible that the Mint 's working stock has remained unchanged for 28 months? Have you ever seen any business anywhere in the world for which its working stock was unchanged for a day, let alone 28 months?

Guess what the fresh new "inspector general's" "report" from "today" says?

Mint-Held Treasury Gold - Working Stock       
  All locations - Coins, blanks, miscellaneous   ----   2,783,218.656
 

[ReasonWillPrevail]

So in the previous list the only thing that can be classified as a limited finite resource is Vail mountain. The multiplier for this upcoming year at Vail is about 30 ($150), so if we consider the "honest" old partially gold-backed Fed Ducat which stood at $35/oz the normal price for gold by now (in honest dollars) would be around $1050.

Unfortunately though, all evidence indicates that as much as 248,046,115.696 ounces of gold may well have been lent, sold, borrowed, substituted with tungsten or otherwise be AWOL from the Treasuries unchanging "gold report" that has remained completely static since 2006 (note the ever-changing daily "current date" on the page when it was actually "last updated" back in April)  LOL

To quote James Turk from a Sept 9 2008 article on the subject:

Guess what the fresh new "inspector general's" "report" from "today" says?

Mint-Held Treasury Gold - Working Stock       
  All locations - Coins, blanks, miscellaneous   ----   2,783,218.656
 

Noted, that is quite useful information indeed.  Thanks for it!

-
On a side note, how about those gold markets today, holy smokes... Gold can't stay "down" for over 2 hours before it gets bought right back up. Only a matter of time before the bull keeps on raging into the 1400s..

[Kilika]

And to think I remember a time when thinking about gold reaching 800 was hard to imagine it could get that high, because back then the price never made major price moves. Moves of a few dollars was it, usually less than $2. A $10 price move in one day meant something really big was going on. Now, in a time of day trading, a $3-5 move is common. It's like what took many days back then now happens in one day. Things have changed in recent years. They've changed this whole deal into a completely different ballgame.

[phosphene]

unless you have sovereign amounts of gold...like a ton or 2...i hope yall turn those gold pieces into something useful before the manipulators crash the gold market again.

[Letsbereal]

US Mint Announces 33% Price Increase on Silver American Eagle Premiums!
30 September 2010, by Tarek Saab (Trusted Bullion)
http://www.trustedbullion.com/blog/item/252-us-mint-announces-33-price-increase-on-silver-american-eagles

Excerpt:

BREAKING NEWS: The United States Mint has officially raised their wholesale pricing above spot on American Silver Eagles to all authorized dealers from $1.50 to $2.00, an increase of a whopping 33%.

---

The impact of this news is significant and has already affected dealer pricing across the country within hours, as prices on Silver American Eagles have jumped over $0.50/oz industry wide.

----

This development comes only two days after the US Mint announced it had sold out of 2010 gold American Buffaloes and would cease production for the remainder of the year.

[Letsbereal]

THE BIGGEST DISCONNECT OF ALL TIME

The Golden Horde Takes Toronto
1 October 2010, by Sean Brodrick - Toronto (Uncommon Wisdom)
http://www.uncommonwisdomdaily.com/the-biggest-disconnect-of-all-time-10180

Excerpt:

I just returned from the Cambridge House Investment Conference in Toronto. I’ve rarely seen a group of analysts, miners and experts so bullish on gold and silver.

My takeaway: We may be poised for a pullback in the very short term, but precious metals are headed much higher.

And that means we’re coming up on a great time to launch my newest report, “$50 Silver and $2,500 Gold.”

[Letsbereal]

Yesssssssssssssssssss! We broke last all time high!!!!!!!!!

New All Time High $1320.18 for now

Last All Time High at $1,317.50 – 30 September 2010, (WSJ)
http://online.wsj.com/article/SB10001424052748704483004575523610820127750.html

[Letsbereal]

Today it is trading at a New All time High at $1321.00
http://www.inthemoneystocks.com/n_rant_and_rave_blog_single.php?id=9922

[ReasonWillPrevail]

Today it is trading at a New All time High at $1321.00
http://www.inthemoneystocks.com/n_rant_and_rave_blog_single.php?id=9922

  On one hand, I am happy sense I have some gold... but on the other hand I am upset because it is devaluing everyone's dollar in the long run...

Wisdom says invest in gold, emotion says I hope it doesn't rise to much to fast... =\

[Letsbereal]

  On one hand, I am happy sense I have some gold... but on the other hand I am upset because it is devaluing everyone's dollar in the long run...

Wisdom says invest in gold, emotion says I hope it doesn't rise to much to fast... =\

I agree.

I havn't got any gold but I just love the thought that central banksters are wetting their pants right now. 

Gold New All Time High at $1,322
http://www.stockmarketsreview.com/commodities/gold_and_silver_daily_commentary_20101001_43391/

[Letsbereal]

The Ecstasy of Gold (Enio Moricone)
http://www.youtube.com/watch?v=ZNGe7iK1O-4

[Protean]

The Ecstasy of Gold (Enio Moricone)
http://www.youtube.com/watch?v=ZNGe7iK1O-4

Need film footage to go with that one----Ennio Morricone - from The Good, the Bad and the Ugly
http://www.youtube.com/watch?v=2PwpOmjAu1M

 

[Letsbereal]

Need film footage to go with that one----Ennio Morricone - from The Good, the Bad and the Ugly
http://www.youtube.com/watch?v=2PwpOmjAu1M

 

Agree, actually I was lookin for the footage version when I stumbled upon the live orchestra one.

TnX!

[citizenx]

I havn't got any gold but I just love the thought that central banksters are wetting their pants right now. 

Exactly.

[Letsbereal]

Gold ATMs Coming To U.S. Vid
http://www.youtube.com/watch?v=IWk7FlGmLtI

[Letsbereal]

Gerald Celente on Twitter feed
https://twitter.com/geraldcelente

“Watch gold markets on Monday. If price blows by $1325 per ounce, $1400 next. We forecast gold $2000. Oct. is vital mo., $ could crash”


Youri Carma 2010 - 2011 predictions
25 December 2009, by Youri Carma (FPP)
http://forum.prisonplanet.com/index.php?topic=153175.0

"2010 will be the U.S. debt concern year with the dollar still sliding and gold will at least go to $2000,- at the end of the year."

[Letsbereal]

Long-Term Winner in the Currency Wars Will Be Gold
29 September 2010, by Justice Litle (Taipan Daily)
http://www.taipanpublishinggroup.com/tpg/taipan-daily/taipan-daily-092910.html

Excerpt:

As Taipan more or less predicted, the global "currency wars" are now officially underway. The ultimate beneficiary of the coming turmoil will be gold.

Were governments listening in?

The theme of Taipan's Las Vegas annual summit was "Opportunities in a Global Cash War." On Monday – just after the conference ended – a highly placed Brazilian official echoed the exact same idea.

Said Guido Mantegna, the finance minister of Brazil:

"We're in the midst of an international currency war, a general weakening of currency. This threatens us because it takes away our competitiveness."

As the Financial Times notes – and as we have explained many times in these pages – a weak currency lowers the cost of exports, which helps the exporting country sell more. The trouble is, not everyone can have weak paper at the same time. Currencies trade in relative terms. They are valued against one another. Dollars are always priced in yen, euros, and reals or vice versa. So if one is weak, one or more of the others must be stronger.

When countries go head-to-head in an effort to weaken the exchange rate, it's called "competitive devaluation." In the 1930s, the term for this was "beggar thy neighbor."

As the WSJ reported last week,

Beggar-thy-neighbor currency devaluations proved ruinous for the global economy in the 1930s. Is the world setting off down the same slippery slope again?

Japan's decision to intervene in the currency market to drive down the value of the yen blew a hole in the developed world's united effort to persuade China and other Asian countries to stop artificially holding down their currencies. Meanwhile, speculation that the U.S. and U.K. could soon resume quantitative easing has hit the value of the dollar and sterling.

As rhetoric heats up and economies struggle, governments start to lose patience with each other. This is where aggressive trade policy comes in. Part of the trouble in the 1930s was a surge of protectionism (as embodied in the Smoot-Hawley Tariff Act), which led to a collapse in global trade.

As you likely know, policies of "quantative easing" (QE) are also dilutive to a currency's value, for the same reasons as to why taking Monopoly money from the bank makes the price of Boardwalk and Park Place go up. As countries "stimulate" at home, prices get pushed higher.

The relationship is not always simple, of course. Sometimes extra stimulation fails to push prices up, because the extra money pumped into the system gets soaked up by debt. Or sometimes the stimulation only pushes up the price of certain things – like gasoline or groceries or junk bonds – while having zero effect on, say, wages or the price of real estate.

This is why your editor favors looking at the financial system as a sort of plumbing system, with central bankers as the master plumbers. Unfortunately, these plumbers are nowhere near as skilled as the Super Mario Brothers of Nintendo fame.

They often send liquidity down the wrong pipe, causing some other pipe to burst.

They rarely get the liquidity just where they want it. And sometimes the pipes jam up completely, in which case the liquidity arrives in the wrong place or fails to arrive at all.

[Letsbereal]

How the gold price could go north of $5,000
13 May 2010, (Reuters)
http://blogs.reuters.com/columns/2010/05/13/how-the-gold-price-could-go-north-of-5000/

Excerpt:

Based on consumer price inflation, the $875 per ounce high seen in 1980 is equivalent to around $2,400 today.

Scale up the peak 30 years ago by that multiple, and the gold price could top out at around $5,300.

Scaling up by money supply and deflating by the gold supply, the 1980 peak price would be equivalent to about $5,700 an ounce today.


Youri Carma: I say between $5,000 – $10,000 cause I am counting on a panic overshoot once people get their both legs on the ground and realize there’s no system mending anymore.

Volcker has said it out loud and clear but people only seem to hear what they wonna hear

Here in Holland we call that East-Indian deaf (Indian from Indonesia the former colony of the Netherlands)

Former Fed Chief Volcker Says Financial System is Insolvent and Broken
http://goldmoney.com/gold-research/former-fed-chief-volcker-says-financial-system-is-insolvent-and-broken.html

[Letsbereal]

The untold story of Keynes and White at the Bretton Woods conference – The War Against Gold – Espionage

Download Complete Interview MP3 http://www.financialsensenewshour.com/broadcast/fsn2010-0220-3.mp3

From: http://www.financialsense.com/financial-sense-newshour/in-depth/james-dines/goldbug

[Letsbereal]

Marc Faber on Bloomberg 9/24/10: Bernanke's Policies Are Driving Gold Higher
http://www.youtube.com/watch?v=V1LG2aa8ABI

[Letsbereal]

JPMorgan reopens New York gold vault as investors scramble for yellow metal
4 October 2010, (Telegraph.UK)
http://www.telegraph.co.uk/finance/personalfinance/investing/gold/8040531/JPMorgan-reopens-New-York-gold-vault-as-investors-scramble-for-yellow-metal.html

Excerpt:

JPMorgan Chase has reportedly reopened a gold vault in New York as banks seek to profit from the yellow metal's longest rally since 1920.

The reopening of the vault, which was closed in the 1990s, is also evidence that there's appetite from investors to actually buy the metal itself, rather than just gain exposure to gold through mining shares or other assets, the Financial Times reported.

----

The gold price is already up 20% this year and, with a 10th straight year of gains in sight, is on course for its longest rally since 1920.

[agentbluescreen]

The untold story of Keynes and White at the Bretton Woods conference – The War Against Gold – Espionage

Download Complete Interview MP3 http://www.financialsensenewshour.com/broadcast/fsn2010-0220-3.mp3

From: http://www.financialsense.com/financial-sense-newshour/in-depth/james-dines/goldbug

Dines would have been better to say (of the Genoa Conference) that "wet sidewalks do not cause the sewers to back up". Just because they haven't handed each American a million "neo-dollars", doesn't mean they haven't already pocketed those trillions themselves

[Letsbereal]

Super-rich investors buy gold by ton
4 October 2010, by Laura MacInnis (Reuters)
http://www.reuters.com/article/idUSTRE6932NR20101004

Excerpt:

Fears of a double-dip downturn had boosted the appetite for physical bullion as well as mining company shares and exchange-traded funds, UBS executive Josef Stadler told the Reuters Global Private Banking Summit.

"They don't only buy ETFs or futures, they buy physical gold," said Stadler, who runs the Swiss bank's services for clients with assets of at least $50 million to invest.

UBS is recommending top-tier clients hold 7-10% of their assets in precious metals like gold, which is on course for its tenth consecutive yearly gain and traded at around $1,317 an ounce on Monday, near the record level reached last week.

In a sign of the uncertain times, some clients go further.

"We had a clear example of a couple buying over a ton of gold ... and carrying it to another place," Stadler said. At today's prices, that shipment would be worth about $42 million.

Julius Baer's chief investment officer for Asia is also recommending that wealthy investors park some of their assets in gold as a defensive stance following a string of lackluster U.S. data and amid concerns about currency weakness.

"I see gold as an insurance," Van Anantha-Nageswaran said. "I recommend 10% as minimum in portfolios and anything more than that to be used for trading purposes, to respond to short-term over-bought or over-sold signals."

[Letsbereal]

Strong, Steady Accumulation In Gold
4 October 2010, My Blog (King World News)
http://kingworldnews.com/kingworldnews/KWN_DailyWeb/Entries/2010/10/4_Strong,_Steady_Accumulation_In_Gold.html

Excerpt:

[Letsbereal]

Gold Could Exceed $2,000: Jim Rogers
http://www.youtube.com/watch?v=FeY8Exx-xZE

[citizenx]

Well, it could but at the pace it is climbing, not for a couple of (or, a few?) years at least -- unless there is some big change -- going by that chart.

Note: I am not necessarily discounting the likelihood of such a big (unforseeable?) change.

And there's definitlely a better chance of that happening than the Dow, say, climbing by a similar percentage in the same time frame.

[citizenx]

And here's why systemic collapse in and of itself wouln't necessarily be the great equalizer for some of the real gold bugs out there: 

Super-rich investors buy gold by ton


By Laura MacInnis

GENEVA | Mon Oct 4, 2010 1:13pm EDT

GENEVA (Reuters) - The world's wealthiest people have responded to economic worries by buying gold by the bar -- and sometimes by the ton -- and by moving assets out of the financial system, bankers catering to the very rich said on Monday.

Fears of a double-dip downturn have boosted the appetite for physical bullion as well as for mining company shares and exchange-traded funds, UBS executive Josef Stadler told the Reuters Global Private Banking Summit.

"They don't only buy ETFs or futures; they buy physical gold," said Stadler, who runs the Swiss bank's services for clients with assets of at least $50 million to invest.

UBS is recommending top-tier clients hold 7-10 percent of their assets in precious metals like gold, which is on course for its tenth consecutive yearly gain and traded at around $1,314.50 an ounce on Monday, near the record level reached last week.

"We had a clear example of a couple buying over a ton of gold ... and carrying it to another place," Stadler said. At today's prices, that shipment would be worth about $42 million.

continued:
http://www.reuters.com/article/idUSTRE6932NR20101004
----------------------------------------------------------------------------------------------------
Remember the golden rule!

[Letsbereal]

NEW ALL TIME HIGH FOR GOLD AT $1,329.60 (For Now)
http://www.businessweek.com/news/2010-10-05/gold-climbs-to-record-on-investor-demand-for-wealth-protection.html

[agentbluescreen]

The "flooding" continues...

[ReasonWillPrevail]

Gold takes MASSIVE Jump - currently 1338 -- holy crap
http://www.kitco.com/charts/livegold.html

[Letsbereal]

Gold New All Time High AT $1,342.60 o/z
(Reuters) http://af.reuters.com/article/metalsNews/idAFN0552300820101005

[Letsbereal]

Hinde Capital's Ben Davies: Japanese Bond Holders Will Freak Out And Lead A Massive Rush Into Gold
5 October 2010, by Gus Lubin (Business Insider)
http://www.businessinsider.com/ben-davies-gold-revaluation-2010-10

Excerpt:

Hinde Capital's Ben Davies predicted the Japanese rate cut in a radio interview last night at King World News.

What comes next is full-scale exit out of Japanese government bonds, Davies says, with most of that money going into gold.


Ben Davies at King World News Part I & II 
http://kingworldnews.com/kingworldnews/Broadcast/Entries/2010/10/4_Ben_Davies__Part_II.html

Download MP3 on site.

[Letsbereal]

Martin Amstrong: Gold is gonna Top in 2017 (google trans from Dutch) http://tinyurl.com/35ura7v

http://translate.google.com/translate?u=http%3A%2F%2Fwww.dekritischebelegger.nl%2Ftechnische-analyse%2Fpatroonherkenning%2Fgoud-gaat-toppen-in-2017%2F&sl=nl&tl=en&hl=&ie=UTF-8

[Letsbereal]

The Federal Reserve is Selling Paper Gold and Buying Physical Gold - the good ole ‘American way’ – through proxies
4 October 2010, by Rob Kirby (Financial sense)
http://www.financialsense.com/contributors/rob-kirby/the-federal-reserve-is-selling-paper-gold-and-buying-physical-gold

Excerpt:

J.P. Morgan has been asking us if we would sell them the same option”.  So, while gold producers have shuttered their “gold hedge books” – the Bullion Banks are ‘synthetically’ trying to keep physical output captive – I would suggest FOR THE EXPRESSED REASON THAT THEY SELL EVERY PHYSICAL OUNCE AT LEAST 100 TIMES OVER.

Gold is going to get EXTREMELY scarce in the future folks.  Big money interests are now cutting off [or bidding for / gaining exclusive access to] the traditional bullion supply chain “at the pit”.

The shorts of ‘paper gold’ at J.P. Morgan [the Fed in drag] are selling the daylights out of the paper market and simultaneously buying exclusive rights to producers’ future production so they can try to fudge their way through an unmitigated fraud and settle a big enough chunk of their bad bets to keep this ‘systemically ruinous’ precious metals ponzi-scheme alive.
 

Price of Gold and Interest Rates Are Joined at the Hip

The academic research that outlines the inter-relatedness of gold and interest rates is succinctly laid out in a 2001 treatise, Gibson's Paradox Revisited, by Reg Howe.  From this one can deduct that ANY rigging of the gold price must go hand-in-hand with simultaneous rigging of interest rates.

Folks would do well to realize how neatly emerging details of Fed surrogate Morgan’s  ‘stealth’ activity in the bullion market dovetails with their obscene, obsequious activity elsewhere in their derivatives book – particularly their JUMBO TRILLIONS sized interest rate swap positions.

Stealth activity on the part of the Fed – utilizing proxy institutions to generate limitless artificial demand for any and all U.S. Government Debt – effectively gives the Fed control of the long end of the interest rate curve [the bond market].

[Letsbereal]

GOLD FRESH ALL TIME HIGH AT $1,345.4 o/z
http://www.reuters.com/article/idUSSGE69500Y20101006

[Letsbereal]

GOLD HIT NEW ALL-TIME HIGH AT $1,351 o/z
http://uk.reuters.com/article/idUKLDE6950T620101006

[Letsbereal]

Jim Rickards Interview on CBC September 29, 2010 Transcript Excerpt:

The outcome will be gold at some level at $3000 maybe $5000 an ounce.

----

So Everyone wants to devalue against everyone else you can't do it

You can do it sequenceonaly but you can't do it over time.

So there comes a time when the countries realize the one thing they all can devalue against is gold.

So I think what's going on now with the dollar is that the FED has said: We don't really care how high gold goes.

A very high gold price is a way to force the Chinese to break the RMB dollar peg.

And the reason is the U.S. has plenty of gold we have 8000 tons.

China relative to GDP and relative to their money supply is very short of gold they have about a 1000 tons.

They realy need 3000 or 4000 tons to get to sort of parity with the United States in terms of gold to money supply or gold to GDP.

So if they mantain the peg with the dollar and the dollar price of gold goes to the moon.

It's gonna make it more and more difficult in fact impossible for the Chinese ever to buy the gold that they need.

And so it's gonna force the Chinese to revalue so they can afford the gold.

So it's a very sort of clever oblique play by the United States.

The United States doesn't mind seeing the price of gold skyrocketing cause it's one way to devalue the dollar.

----

I do think We've abandoned the dollar here, absolutely.


This link would start at my comp (Wait a sec before it starts to work) CBC Interview with Jim Rickards.  

CBC September 29, 2010: News > TV Shows > Lang & O’Leary Exchange>Lang & O’Leary Exchange Rickards Interview Start at 14:28 min

http://www.cbc.ca/video/#/News/TV_Shows/Lang_&_O%27Leary_Exchange/ID=1602476688


Read: Gold and The Central Banks: The Game Theory
3 december 2009, by Mencius Moldbug (Safe Haven)
http://www.safehaven.com/article/15189/gold-and-the-central-banks-the-game-theory

Youri Carma: @Max - "Gold and The Central Banks: The Game Theory"

First of, you can eat peanuts but you can't eat gold but you always can buy peanuts with gold or buy gold with peanuts but you can't always with paper money. So keep your cash to lay in your panties.

A very comprehendible "common sense" piece at least from my perspective. Indeed you can create a gold standard with all currencies devaluing against gold so that monatary speaking you have enough of it to back up a paper currency.

To make the story clear let me first point out the two important differences between gold and paper money. You can't print gold and gold in contrary to paper money has thousand years plus reputation of trust as legit money. Especially the last argument tends to be over looked or simply denied often for deluding reasons to protect the ponzi fiat paper money system by central banksters.

The main issue with the dollar is trust in keeping it's value someting it has to prove over and over again in contrary to gold which has this reputation automaticaly cause it can't be printed and it can't "rot" away cause it's a 100% non-corrosive. Also something people tend to forget in the long history of gold.

But what if the gold standard is brought back and central banksters keep on printing and keep on letting gold go higher as a concequence. People would lose their trust in the paper money and seek for stable value in gold and other commodities which in fact is happening now faster than before.

I say faster than before cause also before paper money in the fiat system would lose value at least at a rate of 3% a year so fiat paper money never was a good investment and only usefull for fast transactions in a limited period of time.

So the only way for central banksters to fight gold would be to change that for paper money or otherwise lose to gold like they do now.


btw I don’t think Rickards story is far of that of “Gold and The Central Banks: The Game Theory”

Quote: “In other words, to fully remonetize to gold, China (or any country, even the US with Fort Knox), will have to devalue its currency. The entire event obviously devalues all fiat currencies against gold, because it sends the price from $1000 an ounce to something more like $20,000. But since the US has a huge hoard of gold, the dollar needs to devalue less against gold than other currencies, such as the yuan.

Thus, in any full remonetization, China must devalue the yuan against the dollar.”