Letsbereal
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« Reply #800 on: July 13, 2011, 08:53:55 AM » |
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->>>|:-) THE CITY INDIANS (-:|<<<- |
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Tokiem
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« Reply #801 on: July 13, 2011, 08:59:41 AM » |
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Ron Paul asks Bernanke, "Is gold money"?
Bernanke replies, "No"
Ron Paul asks, "Why do Banks hold gold reserves"?
Bernanke replies, " silence "
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Samuel Clemens, aka Mark Twain, was a famous speaker and humorist but he saw nothing funny about the imperial policy of the US. One of his concerns was that in implementing its imperial policies claiming to civilize the backward peoples of the world the US would itself indulge in acts of barbarism.
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adissenter2
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« Reply #802 on: July 13, 2011, 09:17:00 AM » |
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What does the Federal Reserve Bank accept for payment from the United States government for the their use of Federal Reserve Notes?
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ΜΟΛΩΝ ΛΑΒΕ! Molon Labe! Come and take them!
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lazarus
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« Reply #803 on: July 13, 2011, 09:19:04 AM » |
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What does the Federal Reserve Bank accept for payment from the United States government for the their use of Federal Reserve Notes?
Their soul. |
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And earthly power doth then show likest God's
When mercy seasons justice
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Letsbereal
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« Reply #804 on: July 13, 2011, 09:40:05 AM » |
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->>>|:-) THE CITY INDIANS (-:|<<<- |
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TahoeBlue
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« Reply #806 on: July 13, 2011, 11:13:16 AM » |
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Letsbereal
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« Reply #807 on: July 14, 2011, 07:27:25 AM » |
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->>>|:-) THE CITY INDIANS (-:|<<<- |
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Femacamper
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« Reply #808 on: July 14, 2011, 08:20:39 AM » |
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Better get rid of your greenbacks quick!!!
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Jacob Law
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« Reply #809 on: July 14, 2011, 08:30:55 AM » |
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That's the plan, it is coming, but wait, it is the Lone Ranger, not again!
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What do you under-stand?
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Geolibertarian
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9/11 WAS AN INSIDE JOB! www.ae911truth.org
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« Reply #810 on: July 14, 2011, 08:38:08 AM » |
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Better get rid of your greenbacks debt-based "Federal" Reserve Notes quick!!! Fixed.   |
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Letsbereal
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« Reply #812 on: July 14, 2011, 09:54:45 AM » |
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->>>|:-) THE CITY INDIANS (-:|<<<- |
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Letsbereal
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« Reply #813 on: July 14, 2011, 02:11:49 PM » |
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For the ones who missed the clip (like myself): Ron Paul asks Ben Bernanke – Is Gold Money? July 13, 2011 http://www.youtube.com/watch?v=G3TltMNbgGQ |
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Letsbereal
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« Reply #814 on: July 14, 2011, 03:16:15 PM » |
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Sprott Asset Management Adds Another 6.6 Tons Of Physical Gold To PHYS ETF
14 July 2011, by Tyler Durden (Zero Hedge) http://www.zerohedge.com/article/sprott-asset-management-adds-another-66-tons-physical-gold-phys-etfExcerpt:Eric Sprott has just decided to take out 213,800 ounces (6.6 tons) of physical gold out of circulation with yet another follow on offering in his PHYS physical gold trust. The twist: "Certain lead investors, including certain funds managed by Sprott Asset Management LP, will purchase 9,171,000 Units in this Offering." That's 37% of the entire offering going to Sprott. So much for Eric getting out at the top. One look at the premium to NAV shows why the sale makes sense: the difference between the NAV and the price is the highest since the March highs, despite paper gold trading at all time records.
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Femacamper
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« Reply #817 on: July 15, 2011, 06:45:26 AM » |
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Once it breaks $1600, fasten your seatbelts. We're in for a ride!!! |
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Letsbereal
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« Reply #819 on: July 15, 2011, 10:00:59 AM » |
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Jim Sinclair - Gold Milestone at $1,764 Paves Way to $12,000
15 July 2011, by Eric King (King World News) http://kingworldnews.com/kingworldnews/KWN_DailyWeb/Entries/2011/7/15_Jim_Sinclair_-_Gold_Milestone_at_$1,764_Paves_Way_to_$12,000.htmlWith gold hitting new all-time highs yesterday in dollars, euros and pounds, today King World News interviewed legendary trader Jim Sinclair and Dan Norcini to get their take on where things stand in the gold market. When Sinclair was asked about the action in gold he stated:“Gold at $1,764 is as important as gold at $524.90, and above $524.90 the gold market went into a runaway. It’s the exact same setup at $1,764, but having said that $1,764 should bring in some significant supply. However, a move above $1,764 would be the equivalent of $524.90 in the sense that you would go from the runaway that was born at $524.90, into a hyperbolic market. The key to all of this is $1,764 and you will go above that level, but what that does is lock in four figures on the price of gold. A move above $1,764 brings into focus prices as high as $12,000, so we are are approaching the most critical milestone in the entire gold bull market.” The Republicans want to raise the debt ceiling, but not enough to take the US through the next election. When Obama walked out of the meeting two days ago it was just on that point where he slammed his chair into the table and walked out. It’s being talked about as if that were standard procedure, as if that was the way things are, and in truth it is the way things are. The debt crisis has resolved itself unto a political platform and the political platform is not in the economic best interest of the nation, but rather in the best interest of the timing of another election and as a result of that the market (in gold) yesterday broke to a new high. This situation could be one of the catalysts to take out $1,764. It will be reasonable to assume that every effort will be made not to allow gold to get through that price. When it gets through that level gold will start jumping $100 to $200 a day. $1,764 should put up the biggest battle of the entire bull market. The number where confidence is lost is $1,764. Through that level you trigger Martin Armstrong and Alf Fields maximum numbers which will be $10,000 to $12,500, therefore expect that price level ($1,764) to be defended vigorously. Dan Norcini gives his thoughts on the summer breakout in gold, “As you know Eric gold is not known for having a lot of strength during the summer months, it’s usually a period of seasonal weakness. What makes the move higher so significant is the summer time frame of the breakout, particularly as you have all-time highs in three currencies, euros, pounds and US dollars. What the market is saying is that there is an extreme lack of confidence in the monetary authorities of these respective nations. Gold is acting completely as a currency of last resort and its role as a commodity is not at all significant right now. It’s a currency that’s being pushed higher because there is demand for it based on a total lack of confidence in the monetary authorities of these Western nations. This all goes back to the issues that are driving the gold price in the first place with one example being these sovereign debt woes in Europe. They are being temporarily papered over, and so what happens is as the fear level subsides somewhat, you see a little less urgency to buy gold on the part of participants. At that point the market doesn’t move quite as strongly, but then another eruption occurs and things take off again. Another worry is that if you continue to see the US economy slow, there will be increasing pressure on Bernanke. His comments today notwithstanding, he is trying to back away from QE3, but basically the Fed can’t walk away from their own minutes from the FOMC. So there will come a time where the Fed will try to come in and liquify the markets again and you are going to get that liquefaction process by the Federal Reserve in conjunction with the issues that have not been resolved in Europe and there’s no telling what could happen as far as investor’s fear levels. Investors could generally begin to panic and that could have an outsized impact on gold and corresponding price movements. The conditions are in place for a very rapid acceleration in gold if the confidence levels on the part of investors continues to deteriorate. It would not take much to break that fragile confidence and send people fleeing out of paper and into gold.”
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Letsbereal
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« Reply #820 on: July 15, 2011, 10:10:08 AM » |
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« Reply #821 on: July 15, 2011, 12:49:30 PM » |
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« Reply #822 on: July 15, 2011, 07:27:41 PM » |
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Gold sprints to a new high
15 July 2011, by Dilip Kumar Jha - Mumbai, India (Business Standard) http://www.business-standard.com/india/news/gold-sprints-tonew-high/442768/Excerpt:Spurred by more US, euro zone worries; but analysts warn of a possible sharp correction. Gold continued its upward spiral to set new records at $1,593 an oz in London today, buoyed by a sharp drop in the dollar after global credit rating firm Moody’s warned the US may lose its top credit rating, the possibility of more stimulus by the Federal Reserve and Europe’s worsening debt crisis. The yellow metal started its journey from yesterday’s close of $1,582.38 an oz. Sustained investor interest in gold as an avenue for hedging against the global economic crisis boosted the sentiment to set a new record. A couple of months before, GFMS Ltd, a London-based independent advisory firm, had forecast gold to hit $1,600 an oz during the current calendar year. This translated into the Indian market at a record of a little over Rs 23,000 per 10g.
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Letsbereal
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« Reply #823 on: July 17, 2011, 09:14:39 PM » |
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adissenter2
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« Reply #824 on: July 18, 2011, 02:43:28 AM » |
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gold 1600.50 as of now at kitco
silver 40 and change
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ΜΟΛΩΝ ΛΑΒΕ! Molon Labe! Come and take them!
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Femacamper
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« Reply #825 on: July 18, 2011, 06:57:24 AM » |
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gold 1600.50 as of now at kitco
silver 40 and change
1600? Time to cash in my worthless greenbacks for something more valuable. |
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Letsbereal
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« Reply #826 on: July 18, 2011, 08:12:19 AM » |
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Letsbereal
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« Reply #827 on: July 18, 2011, 09:11:44 AM » |
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Letsbereal
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« Reply #828 on: July 18, 2011, 09:21:43 AM » |
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« Reply #829 on: July 18, 2011, 01:27:56 PM » |
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Germans Make Run On Gold Trade Windows
18 July 2011, by D. Eckert and H. Zschäpitz (Welt Online) (google trans from German) http://tinyurl.com/6b6ec9v
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« Reply #830 on: July 18, 2011, 03:50:46 PM » |
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Gold: the ultimate inflation hedge
19 February 2011, by Emma Simon (The Telegraph) http://www.telegraph.co.uk/finance/personalfinance/investing/gold/8334952/Gold-the-ultimate-inflation-hedge.htmlExcerpt:Recent research from the World Gold Council shows how gold has held its value over the long term when compared with other commodities.
The relative price of gold and oil has remained almost constant over the past 50 years.
So although the price of both (in either pounds or dollars) has risen during this period, if you were buying a barrel of oil with bullion you would hand over roughly the same weight of gold as you would have done in 1950.
More startling is that gold has retained this purchasing power over even longer periods.
It is thought that an ounce of gold bought 350 loaves in the time of Nebuchadnezzar, the king of Babylon who died in 562BC.
An ounce of gold still buys roughly 350 ordinary sliced loaves today, showing that over 2,500 years gold has proved a very effective hedge against inflation, at least when it comes to everyday essentials.
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Letsbereal
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« Reply #831 on: July 18, 2011, 04:35:50 PM » |
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Letsbereal
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« Reply #832 on: July 19, 2011, 09:57:51 AM » |
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« Reply #833 on: July 19, 2011, 10:42:31 AM » |
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Turk - Expect a Tidal Wave of Buying & Short Covering in Gold
19 July 2011, by Eric King (King World News) http://kingworldnews.com/kingworldnews/KWN_DailyWeb/Entries/2011/7/19_Turk_-_Expect_a_Tidal_Wave_of_Buying_%26_Short_Covering_in_Gold.htmlExcerpt:“I wouldn’t be surprised to see $2,000 (gold) very quickly. It’s just a question of how the European bank crisis unfolds or the US debt limit unfolds or any one of these number of trouble spots around the world unfolds. Any one of those could light a fire under the gold market and you could see $2,000 very, very quickly. ---- That’s the way the trend is going so just position yourself and ride the trend.”
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Femacamper
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« Reply #834 on: July 19, 2011, 05:24:38 PM » |
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Get some before it's priced to high to buy, people.
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Suriel
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« Reply #835 on: July 19, 2011, 09:29:48 PM » |
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Letsbereal, you are doing a great job with this thread. Keep up the great work.
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"We have reached a stage at which we have surrounded ourselves with more things, but have less joy." - The Brothers Karamazov by Fyodor Dostoevsky translated by Ignat Avsey
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Letsbereal
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« Reply #836 on: July 19, 2011, 09:37:08 PM » |
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Letsbereal, you are doing a great job with this thread. Keep up the great work. TnX! Seems like the bizarro PPT bugged Gold down for the moment but it's climbing again. At $1,591 right now. |
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ekimdrachir
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« Reply #837 on: July 19, 2011, 11:35:35 PM » |
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Get some before it's priced to high to buy, people.
I wish I took alex up on those deals back when it was $400 |
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Femacamper
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« Reply #838 on: July 20, 2011, 12:04:46 AM » |
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I wish I took alex up on those deals back when it was $400
You can still get in on it, just buy smaller quantities or silver if you can't get gold. You'd have to be insane not to have commodities if you can afford them now. I'm looking forward to $100 silver, $10,000 gold...heck, silver might reach $1,000. |
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ekimdrachir
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« Reply #839 on: July 20, 2011, 02:11:49 AM » |
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