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

[Letsbereal]

Richard Russell - Gold to $6,000 as Media Ridicules
5 March 2011, by Eric King (King World News)
http://kingworldnews.com/kingworldnews/KWN_DailyWeb/Entries/2011/3/5_Richard_Russell_-_Gold_to_$6,000_as_Media_Ridicules.html

With the advance in gold and silver remaining strong, the Godfather of newsletter writers Richard Russell stated in his latest commentary, “There's something magical, mysterious and rather beautiful about a primary bull market. The bull market in gold has been in effect for over ten years, and the mysterious part of it is the way the American people have both ignored it and damned it.”

Richard Russell continues:

“I've begged and implored my subscribers for a decade to enter the great bull market in gold. Even today, after a solid decade of higher prices, the great majority of Americans own not a single ounce of gold. And even today, after an amazing ten consecutive years of higher prices, we hear know-nothings denouncing real money, gold, as a barbaric and worthless relic of former times.

When investment "geniuses" like Warren Buffet displays his ignorance by denouncing gold, it adds little to his legacy. Warren's dad, Howard supported the gold standard). Warren Buffett's problem is that he only understands balance sheets and earnings. The value of a Picasso or a gem diamond or a bar of gold is outside Buffett's understanding. Which is sad, because Buffett's lack of understanding has kept many an American on the sidelines while gold surged higher in terms of Buffett's beloved paper currencies.

I've lived through bull markets in housing, commodities, stocks, silver, land. But in all my life I've never seen anything like the current bull market in gold. As far as many investment experts and as far as most of the media is concerned, the great bull market in gold has been a non-event and an abomination.

So much the better for those of us who recognized the gold bull market for what it was and is. The gold bull market may be the biggest money-maker of the last two or three generations.

I've written before that bull markets don't die of old age. Bull markets die of over-speculation and over-participation and thus, in the end they die of exhaustion. I've said all along that this is the way the bull market in gold will ultimately die.

So is the current gold bull market choking with over-participation and over-speculation? Hardly. This is what is so remarkable and uncanny about this gold bull market.

Today while gold is within a few percentages of its record high, I'm asked how high I think gold can climb. My retort is, "Wrong question, the real question is how low can fiat or irredeemable money fall?"

This time, gold has, so far, only multiplied five times -- from 255 to 1430. If gold was to repeat its 1970 performance and multiply 24 times, it would rise to over 6,000. But there's a difference between the two gold bull markets: This time the other half of the world's population (China, India, Asia) has been added to the mix. And this time, the very viability of fiat currencies is a part of the picture.”

[Letsbereal]

Greenspan on Gold's Rise
http://www.youtube.com/watch?v=1r13hACqxj0

Airtime: Fri. Mar. 4 2011 | 7:00 AM ET

[Letsbereal]

Greenspan said:

@2:10 : .. this economy is really picking up momentum

@3:05 : .. the Xrate between US$ and EUR is not moving as both currencies are as bad as each other

@4:20 : .. Gold is a universal exchange standard

@4:50 : .. Gold is a good thermometer for currency health & oilmoves with gold

@5:90 : .. Brent and WTI prices … keep an eye on Brent prices

[Letsbereal]

Pay taxes in gold? Obama golf, we buy gold!
http://www.youtube.com/watch?v=JpV6RH-bOh4

[Letsbereal]

GOLD HITS NEW ALL-TIME HIGH $1,443.30, (Bloomberg)
http://www.khaleejtimes.com/DisplayArticleNew.asp?col=&section=business&xfile=data/business/2011/March/business_March159.xml


Bring The Gold http://www.youtube.com/watch?v=_qO66Rmi1Mw

[ekimdrachir]

GOLD HITS NEW ALL-TIME HIGH $1,443.30, (Bloomberg)
http://www.khaleejtimes.com/DisplayArticleNew.asp?col=&section=business&xfile=data/business/2011/March/business_March159.xml

"Gold rose to $1,437 an ounce in the morning “fixing” in London, used by some mining companies to sell output, from $1,427 at the afternoon fixing on March 4. "

Bring The Gold http://www.youtube.com/watch?v=_qO66Rmi1Mw

[Letsbereal]

New all-time record high of $1,445.70 per ounce on Monday 7 March 2011
http://www.goldalert.com/2011/03/gold-futures-back-off-after-new-high/

Go for Gold http://www.youtube.com/watch?v=i5N3p2we_og

[agentbluescreen]

Actually the very telling Gold/Silver ratio has steadily, inexorably and precipitously declined over the last 7 months from 70 to 40, causing lackluster gold, by proportion to lose almost half it's value to the meteoric rise of the white stuff. The stability performance of gold saving against the rising tidal waves of Fed induced inflation has actually been rather anemic at best.

[charrington]

Actually the very telling Gold/Silver ratio has steadily, inexorably and precipitously declined over the last 7 months from 70 to 40, causing lackluster gold, by proportion to lose almost half it's value to the meteoric rise of the white stuff. The stability performance of gold saving against the rising tidal waves of Fed induced inflation has actually been rather anemic at best.

The ratio is what is interesting.

[agentbluescreen]

The ratio is what is interesting.

Since it still costs more to mine than it is worth Silver is just barely keeping pace with the tidal wave tsunami of ZioNAZI-Rothschild Fed/War/Globalist Corporate-Trade induced inflation. Costlier gold has actually fallen far behind this hyperinflation very badly.

[Letsbereal]

Gold Buying in China Jumps as Inflation Flares, Boosting Demand, UBS Says
2 March 2011, BY Kim Kyoungwha (Bloomberg)
http://www.bloomberg.com/news/2011-03-02/gold-buying-in-china-totals-200-tons-so-far-this-year-ubs-says.html

Excerpt:

Gold purchases in China, the world’s largest producer, climbed to 200 metric tons in the first two months of 2011 as faster inflation boosted consumer demand, according to UBS AG, which said the price may gain to $1,500.

“China is the big buyer,” Peter Hickson, global commodities strategist at Switzerland’s largest bank, said by phone yesterday, without giving a comparable figure for 2010. The estimate for the two-month period compares with full-year consumer demand from China of 579.5 tons for last year, according to the World Gold Council, a producer-funded group.

Bullion, which rallied 30 percent last year, surged to a record yesterday as uprisings in the Middle East, quickening inflation and currency debasement boosted global demand. China’s consumer prices rose 4.9 percent in January from a year earlier, exceeding policy makers’ 4 percent ceiling for a fourth month.

“Chinese interest is huge,” said Peter Tse, Hong Kong- based head of precious metals at Bank of Nova Scotia. “Demand for physical gold and imports has increased substantially” due to the Lunar New Year holiday, Tse said today, referring to the week-long break that began Feb. 2.

Immediate-delivery gold was at $1,429.05 an ounce at 5:08 p.m. in Singapore compared with yesterday’s peak of $1,434.93. Yuan-denominated bullion rose 0.5 percent to 303.58 yuan ($46.19) a gram in Shanghai, approaching the record 314 yuan, set Nov. 9.

[charrington]

Gold still isn't getting past that resistance on the charts that it needs to rally.

[Letsbereal]

James Turk - Forget $8,000, Gold Headed Much Higher
8 March 2011, by Eric King (King World News)
http://kingworldnews.com/kingworldnews/KWN_DailyWeb/Entries/2011/3/8_James_Turk_-_Forget_$8,000,_Gold_Headed_Much_Higher.html


With gold near all-time highs and silver near multi-decade highs, today King World News interviewed James Turk out of London. Turk remarked, “Eric I have really been focusing a lot on what central banks are doing and how their actions might be impacting my long-standing forecast for the price of gold. You probably know back in 2003 I stated in a Barron’s interview that the Dow/Gold ratio would be 1 to 1 again sometime between 2013 and 2015. My thinking had been that gold would be $8,000 and the Dow would be 8,000, but now my thinking has changed.”

Turk continues:

“I think that my gold forecast was too conservative. Given the way central banks are printing money when they are buying government debt, I think the 1 to 1 ratio is going to be reached at a much higher price.

People don’t understand how much wealth destruction has yet to occur as this financial bust that we are in works to its inevitable conclusion. In effect, the Dow has to lose 90% vs gold. This wealth destruction is going to devastate a great many investors, in fact most of them will never recover from this event.

As I said earlier Eric, my thinking has changed as we have been going through this cycle. This time around is not going to be like the gold bull market of the 1970’s. The dollar is going to lose its status as the world’s reserve currency. This is fundamentally different than what occurred in the 1970’s.

The US government has been running some of the largest deficits in history. That means a lot of dollars are going to be created by the Federal Reserve to fund this newly created debt. Recently we have been focusing on the US dollar and I want to be clear that I expect the dollar to drop to levels never seen before in history, and the scary part Eric is that it could do it very, very quickly.

When we take out the all-time low of 71.33 on the dollar index, we move into uncharted waters and there is no telling where the collapse of the dollar will end. Some states are already taking steps to protect their citizens from the collapse of the dollar. The Utah House just passed a bill calling for the return of the use of gold as a currency and there are at least half a dozen other states considering similar legislation.

I’m often asked by people when do I think they should sell their gold? I tell them this time around it’s going to be easy because you are not going to sell your gold, you’re going to spend it. In other words, gold will once again become currency.”

The dollar collapse will be like a thief in the night for most people. As Turk mentioned previously it will shock the world, and as Sam Zell stated recently, it will cause a disastrous decline in the standard of living for Americans. For investors who are overweight the Dow they stand to lose 90% vs gold. I agree with Turk, most of those people will never ever recover from that wealth destruction.

[Letsbereal]

Gold Retraces All Losses After Official Says "China Should Take Every Chance To Buy Gold, Especially When Gold Prices Fall"
9 March 2011, by Tyler Durden (Zero Hedge)
http://www.zerohedge.com/article/gold-retraces-all-losses-after-official-says-china-should-take-every-chance-buy-gold-especia

Excerpt:

Li Yining, a senior economist at Peking University and member of the Chinese People's Political Consultative Committee, an advisory body to the national parliament, said that

China should use the precious metal to hedge against risks of foreign currency devaluations.

"China should increase its gold reserves appropriately, and China must take every chance to buy, especially when gold prices fall," Li was quoted by the official Xinhua news agency as saying."

And so the immaculate record of all those calling for the "inevitable" correction in gold continues with a roughly 0% success rate.

[Letsbereal]

The Gold Standard 2.0 is Coming
11 March 2011, by Phoenix Capital Research (Zero Hedge)
http://www.zerohedge.com/article/gold-standard-20-coming

Excerpt:

This is not mere conjecture or prediction. It’s fact. Utah has already passed a bill allowing Gold and Silver to be used as legal tender. Similarly, Virginia has passed legislation (though the Governor has yet to sign the bill) that would permit the state to mint its own Gold and Silver coins.

You can see this on the international stage as well. China’s Gold demand rose 500% last year. And world central banks became net buyers of Gold for the first time in 2010 as well.

These are of course baby steps. China and all central banks’ reserves are only minimally invested in Gold at this time. However, these changes DO mark the beginning of necessary structural changes to the global monetary system that will eventually culminate in a Gold standard of some kind being adopted again.

It’s not difficult to see why. We’ve been on this insane “paper only” since the early ‘70s. While everyone wants to claim we’ve seen a massive boost in GDP and stocks since that time, the reality is that when you account for inflation, it’s clear that most GDP and stock strength has been a result of inflation, NOT real organic growth.

Indeed, Bill King, Chief Market Strategist M. Ramsey King Securities recently published the following chart comparing REAL GDP (light blue), GDP when you account for inflation (dark blue), and the Dow Jones’ performance (black) over the last 30 years.

What follows is a clear picture that since the mid-70s MOST of the perceived stock gains have come from inflation. You should also note that MOST of the GDP growth we’ve seen since the early ‘70s has been the result of inflation as well (REAL GDP, the light blue line, is MILES below the “claimed” GDP, dark blue line).

What does all of this mean? That the inflationary system in place for the last 30+ years is crumbling, that paper money is going to become more and more worthless, and that we’re going to return to some kind of Gold standard in the coming years.

Prepare Now!

Graham Summers

[Letsbereal]

Chris is back!!! - Gold thoughts http://www.youtube.com/watch?v=U3zd7M-I4mo

[ekimdrachir]

Gold and Silver and Oil have started the week going Up!

[Letsbereal]

All-time record high of $1,445.70 per ounce on Monday 7 March 2011
http://www.goldalert.com/2011/03/gold-futures-back-off-after-new-high/

$1,430 now. Will the record be broken today? http://www.goldprice.org/spot-gold.html

Go for Gold http://www.youtube.com/watch?v=i5N3p2we_og

[decepticon]

   P.M. Kitco Metals Roundup: Comex Gold Ends Higher on Middle East Tensions, Weaker U.S. Dollar
http://www.kitco.com/reports/KitcoNews201103021JW_PM.html

Comex gold futures prices ended higher but down from the daily high Monday, on safe-haven buying demand from investors following military action taken by the United Nations against Libyan dictator Moammar Gadhaffi. Crude oil prices also rallied on the U.N. action, which is also bullish for the precious metals markets. The U.S. dollar index remains under selling pressure, which also is benefiting the precious metals bulls. Comex April gold last traded up $11.20 an ounce at $1,427.30. Spot gold last traded up $7.70 at $1,428.00.

[charrington]

Gold still hasn't broken it's resistance -- went right back down after opening higher.

[Letsbereal]

Gold Futures End at All-Time Closing High
23 March 2011, (GoldAlert)
http://www.goldalert.com/2011/03/gold-futures-end-at-all-time-closing-high/

Excerpt:

COMEX gold futures, per the April contract, settled up $10.40, or 0.7%, at $1,438.00 per ounce on Wednesday amid ongoing tensions in the Middle East and North Africa.

With the rally, gold futures finished at a new all-time high on a closing basis, above the $1,437.70 level they settled at on March 2.

----

Gold futures hit $1,445.70 per ounce on March 7. Gold futures are now higher by 1.9% this month and 1.2% year-to-date.

----

Silver hit $37.33 this afternoon, its highest level since the Hunt Brothers’ attempt to corner the market in 1980.


Short URL: http://www.goldalert.com/?p=12232

[charrington]

Gold still hasn't broken 145. till it does it's just moving sideways. Silver has already made that move .. whats keeping gold? cough cough...

[Letsbereal]

NEW ALL TIME HIGH FOR GOLD
24 March 2011, (Gold Alert)
http://www.goldalert.com/2011/03/new-all-time-high-for-gold/

The price of gold posted a new all-time high, touching $1,446.75 per ounce.

The surge in gold prices comes on the heels of news that Portugal may need up to $100 billion to bail out the fiscally-strapped nation.

Silver prices also moved higher, posting new 31-year highs of $38.09 per ounce.


Short URL: http://www.goldalert.com/?p=12252

[charrington]

NEW ALL TIME HIGH FOR GOLD
24 March 2011, (Gold Alert)
http://www.goldalert.com/2011/03/new-all-time-high-for-gold/

The price of gold posted a new all-time high, touching $1,446.75 per ounce.

The surge in gold prices comes on the heels of news that Portugal may need up to $100 billion to bail out the fiscally-strapped nation.

Silver prices also moved higher, posting new 31-year highs of $38.09 per ounce.


Short URL: http://www.goldalert.com/?p=12252

Closed down again today, just like yesterday -- bounces off highs and drops back down to 1429.00 per. It sill has work to do.

[Letsbereal]

Closed down again today, just like yesterday -- bounces off highs and drops back down to 1429.00 per. It sill has work to do.

They want the crash but not now so the reversed bizarre plunge protection team does everyting to supress silver and gold cause they know that the dollar is operating at the edge of a cliff.

An higher gold price now signals the distance from that dollar fall.

They will let go of silver and gold supression later when they want the collapse as prelude on WOIII.

Silver and gold will spike then.

[Amos]

I agree

[New Whirled Order]

Gold still hasn't broken 145. till it does it's just moving sideways. Silver has already made that move .. whats keeping gold? cough cough...

Gold really hasn't performed that well for the last 6 months or so, but it also hasn't given up any ground either.  I've been adding to my position here and there during that time.  Dollar cost averaging is a beautiful thing...

Silver has been playing catch-up in a big way.  It's long overdue IMHO.

[agentbluescreen]

Gold really hasn't performed that well for the last 6 months or so, but it also hasn't given up any ground either.  I've been adding to my position here and there during that time.  Dollar cost averaging is a beautiful thing...

Silver has been playing catch-up in a big way.  It's long overdue IMHO.

Would that my gold could all have been silver...

Really wish I had bought more into Bob's Midas book-deal too!  - Silver is the real "canary" in this game.

[charrington]

They want the crash but not now so the reversed bizarre plunge protection team does everyting to supress silver and gold cause they know that the dollar is operating at the edge of a cliff.

An higher gold price now signals the distance from that dollar fall.

They will let go of silver and gold supression later when they want the collapse as prelude on WOIII.

Silver and gold will spike then.

Yeah I believe that is the case also -- thinking back a few days J.P. Morgan posted that Silver would take a break for a while -- I think I posted their article here. That in itself should have made everyone laugh a bit. J.P. Morgan telling silver to take a rest

[agentbluescreen]

Yeah I believe that is the case also -- thinking back a few days J.P. Morgan posted that Silver would take a break for a while -- I think I posted their article here. That in itself should have made everyone laugh a bit. J.P. Morgan telling silver to take a rest

It'll rest all right, at about 80 dollars, from the looks of it. Barring more "QE"(#) monetized-debt inflation it looks like it should (cost of production vs demand) eventually settle somewhere around the mid sixties right now.

[Amos]

It'll rest all right, at about 80 dollars, from the looks of it.

heck I want it at $150, that is were it should be anyway

[agentbluescreen]

heck I want it at $150, that is were it should be anyway

That would be a truly frightening scenario, people would be pawning houses for a single ounce-bar of gold. You're talking the $80 Happy Meal

[Amos]

That would be a truly frightening scenario, people would be pawning houses for a single ounce-bar of gold

I had a freind that said the best thing about inflation in Germany was they paid their house off with toilet paper, I said what do you mean, he said that paper money was so worthless, that people used it for toilet paper a lot of people, and all they did was gather up all the paper floating around took it to the bank and paid their house off.

[Letsbereal]

They want the crash but not now so the reversed bizarre plunge protection team does everyting to supress silver and gold cause they know that the dollar is operating at the edge of a cliff.

An higher gold price now signals the distance from that dollar fall.

They will let go of silver and gold supression later when they want the collapse as prelude on WOIII.

Silver and gold will spike then.

Gold: Sell first — and then ask questions - No apparent fundamental reason for gold’s drop
16 March 2011, by Mark Hulbert (MarketWatch)
http://www.marketwatch.com/story/golds-inscrutable-response-to-japan-2011-03-16

[Letsbereal]

Massive Raw Gold Shortage In China - Supply And Demand Crunch Looms
29 March 2011, by Tyler Durden (Zero Hedge)
http://www.zerohedge.com/article/massive-raw-gold-shortage-china-supply-and-demand-crunch-looms

[Amos]

Massive Raw Gold Shortage In China - Supply And Demand Crunch Looms
29 March 2011, by Tyler Durden (Zero Hedge)
http://www.zerohedge.com/article/massive-raw-gold-shortage-china-supply-and-demand-crunch-looms

I

I see this but I see the price going down today and yesterday, when is this going to break loose, IMO Gold and silver should start leaping by the hundreds of dollar a day.

[Letsbereal]

I see this but I see the price going down today and yesterday, when is this going to break loose, IMO Gold and silver should start leaping by the hundreds of dollar a day.

From Article: "Bob Chapman, editor of the International Forecaster newsletter, is asserting that silver and gold prices are dropping today largely because options are expiring on gold and silver futures contracts."

[Letsbereal]

Chris is back! New Currency, Spending your Gold
http://www.youtube.com/watch?v=ElZgkujrtOA

[Letsbereal]

Marc Faber - Implications of Libya on Gold
http://www.youtube.com/watch?v=uhub2aIUkW0

[Letsbereal]

Turkey Gold Beats Banks as Erdogan Fights Saver Inflation Fears
31 March 2011, By Steve Bryant and Ilan Kolet (Bloomberg)
http://www.bloomberg.com/news/2011-03-30/turkey-gold-beats-banks-as-erdogan-fights-saver-inflation-fears.html

Excerpt:

Turkish Prime Minister Recep Tayyip Erdogan is struggling to persuade fellow Turks that their banks are as good as gold.

For every Turk who saved in a deposit account last year, three opted for gold or cash, a December MasterIndex survey showed.

Those who deposit their lira at banks refuse to do so for more than a few months, according to the survey commissioned by MasterCard Worldwide.

----

The median age here is 29, and even people that young have already survived military rule, a succession of failed coalitions, an overnight currency devaluation, a banking crisis, a 1999 earthquake that killed 17,000 people and inflation that peaked at 130% in January 1995.