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

[Letsbereal]

Indian gold demand soaring
12 August 2011, (GoldMoney)
http://www.goldmoney.com/gold-research/indian-gold-demand-soaring.html

[Letsbereal]

UN to release bullion coins as alternate currency
4 August 2011, (Humanism)
http://humanism.ws/featured/un-to-release-bullion-coins-as-world-currency/

[TahoeBlue]

UN to release bullion coins as alternate currency
4 August 2011, (Humanism)
http://humanism.ws/featured/un-to-release-bullion-coins-as-world-currency/

Unity in Perversity!

[Letsbereal]

eBay Gold Dealer Sees Business Sextuple, As Prices Hit Nearly $2000/Oz.
15 August 2011, by Joe Weisenthal (Business Insider)
http://www.businessinsider.com/gold-sales-surge-on-ebay-2011-8

Amid last week's market craziness, sales of gold went nuts on eBay, according to a report from AP.

On Wednesday -- which was the worst day for both the dollar and US equities -- the average price of US Mint-manufactured gold rose to $1952/oz. That's about $130/oz higher than gold futures got that day.

Of course, there's always going to be a premium for the real, physical metal when people are worrying about collapsing governments/currencies, etc.

Another interesting stat: Great Southern Coins -- supposedly the largest dealer on eBay -- has seen is business quadruple in the last 45 days, and daily sales last week grew six-fold.

[Letsbereal]

Dubai Multi Commodities Centre Authority unveils UAE's first gold bullion coin
15 August 2011, (AME Info)
http://www.ameinfo.com/273011.html

Excerpt:

In recognition of the visionary leadership of His Highness Sheikh Khalifa Bin Zayed Al Nahyan, President of the United Arab Emirates, and his His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President, Prime Minister and Ruler of Dubai, and following the success of its 'Visions of Dubai' gold coins initiative, the Dubai Multi Commodities Centre Authority (DMCC), the Government of Dubai entity dedicated to enhancing commodity trade flows through Dubai, unveiled the prototype of the first gold bullion coin in the UAE.

Designed by DMCC, the "Khalifa" coin features a portrait of His Highness Sheikh Khalifa on one side, and on the other, Burj Khalifa, the world's tallest tower.

DMCC is also in discussions with the UAE Central Bank to designate the gold bullion coin as the first legal tender in the UAE and the Middle East as a whole. A national legal tender gold coin will stand as an internationally recognised symbol of pride and recognition of the UAE's achievements much like the Canadian Maple Leaf, Australian Nugget, South African Krugerrand and others.

Ahmed Bin Sulayem, Executive Chairman of DMCC, said, "This innovative gold bullion coin was conceived to satisfy the demands from investors seeking access to gold as protection against the ongoing global economic uncertainty. The gold bullion coin pays homage to our President, His Highness Sheikh Khalifa Bin Zayed Al Nahyan, his vision, guidance and leadership."

[Letsbereal]

Bank Of America: Gold Upgraded To AAAA, 12 Month Price Target: $2,000
15 August 2011, by Tyler Durden (Zero Hedge)
http://www.zerohedge.com/news/bank-america-gold-upgraded-aaaa-12-month-price-target-2000

[Letsbereal]

Rickards - KWN Special Release, US Will Revalue Gold to $7,000
15 August 2011, by Eric King (King World News)
http://kingworldnews.com/kingworldnews/KWN_DailyWeb/Entries/2011/8/15_Rickards_-_KWN_Special_Release%2C_US_Will_Revalue_Gold_to_%247%2C000.html

[Letsbereal]

Babaloynian Queen Nitetis’ message to the Germans
15 August 2011, (Gold Made Simple News)
http://www.goldmadesimplenews.com/gold/babaloynian-queen-nitetis%E2%80%99-message-to-the-germans-4844/

[Letsbereal]

ZULAUF: Own Gold, Own Treasuries, Get Out Of Debt, And Get Out Of Equities
15 August 2011, by Cullen Roche, Pragmatic Capitalism (Business Insider)
http://www.businessinsider.com/zulauf-own-gold-own-treasuries-get-out-of-debt-and-get-out-of-equities-2011-8

[Letsbereal]

Thomas Jacob on the New Swiss Gold Franc, Why the EU Is a Bad Idea and Why an IMF Managed Currency Would Be Tragic
14 August 2011, by Anthony Wile (The Daily Bell)
http://www.thedailybell.com/2787/Anthony-Wile-Exclusive-Interview-with-Thomas-Jacob-Swiss-Gold-Franc

[Letsbereal]

Turk - A Gold Breakout Above $1,810 Could Come at Any Time
15 August 2011, by Eric King (King World News)
http://kingworldnews.com/kingworldnews/KWN_DailyWeb/Entries/2011/8/15_Turk_-_A_Gold_Breakout_Above_$1,810_Could_Come_at_Any_Time.html

[Letsbereal]

Jim Rickards Monday, August 15, 2011 – AUDIO http://www.kingworldnews.com/kingworldnews/Broadcast/Entries/2011/8/15_Jim_Rickards.html

Was waiting for this one.

[Letsbereal]

SAC’s Steve Cohen: Gold Bug?
15 August 2011, by Shira Ovide (The Wall Street Journal)
http://blogs.wsj.com/deals/2011/08/15/sacs-steve-cohen-gold-bug/

Excerpt:

Has one of the world’s biggest hedge-fund managers turned into a gold bug?

SAC Capital Advisors L.P., the hedge fund run by Steven Cohen, disclosed a new position in options on the gold exchange-traded fund, SPDR Gold Trust.

The investment, options that allow SAC Capital to buy shares of the gold ETF at a defined point in time, is valued at $628 million, the single largest value of equity positions disclosed by SAC Capital, according to the hedge fund’s quarterly snapshot of its U.S. investment holdings.

Cohen disclosed the holdings in a regulatory filing Monday that showed the hedge fund’s U.S. stock, options and other positions as of June 30. As of March 31, he disclosed no holdings of the gold ETF.

Gold is considered a hedge against market panic or volatility, and recent market turmoil has helped drive up the value of the commodity to near-record highs on a non-inflation-adjusted basis.

[Letsbereal]

Gold futures add $27 to mark a record close
16 August 2011, by Myra P. Saefong and Chris Oliver - San Francisco (MarketWatch)
http://www.marketwatch.com/story/gold-prices-higher-at-mid-afternoon-in-asia-2011-08-16

Excerpt:

Gold futures climbed $27 an ounce Tuesday to mark a record closing level as weak economic data from Europe weighed on global stock markets and sent investors scrambling for defensive plays.

Gold for December delivery added $27, or 1.5%, to settle at $1,785 per ounce on the Comex division of the New York Mercantile Exchange. The previous closing record was $1,784.30 on Aug. 10.

Earlier, prices reached a high of $1,789.80, which was still below Aug. 10’s intraday record of $1,801.

The Federal Reserve’s continued easing policy and Europe’s slowing economic growth offer “plenty of fuel for the fire to see gold go higher,” said Jeffrey Wright, senior analyst of metals and mining equity research at Global Hunter Securities, who has a six-month price target of $2,000.

Gold very briefly pared gains to trade around $1,776 around noon Eastern, as leaders of Germany and France spoke about Europe’s debt crisis, then shot right back up toward the session’s highs.

German Chancellor Angela Merkel and French President Nicolas Sarkozy announced proposals Tuesday to boost the governance of the euro zone and reaffirmed their commitment to defending the euro, according to media reports. Read more about the proposals.

Markets are looking for “firm, decisive action” from both the U.S. and European leaders, added Wright. “If they don’t provide decisiveness, it’s going to create more uncertainty,” which benefits gold prices.

[Letsbereal]

Gold will soon far outshine platinum: economist
16 August 2011, by Myra Saefong (MarketWatch Blog)
http://blogs.marketwatch.com/thetell/2011/08/16/gold-will-soon-far-outshine-platinum-economist/

Gold prices have gathered momentum and at least one economist believes they’ll overtake platinum again soon.

Last week, gold prices briefly exceeded the price of platinum for the first time since December 2008, according to Capital Economics. “This rare occurrence will be repeated and the spread will widen to record levels in the next two years, assuming no major disruption at South African platinum mines,” said Ross Strachan, commodities economist at Capital Economics, in a note Tuesday.

He expects gold prices GC1Z to rise to $2,500 by 2013 from current levels of around $1,770. “We think that the safe haven attributes of gold will stay to the fore.”

But “our gloomy prognosis for the global economy suggests that platinum prices will drop back,” Strachan said, predicting that platinum prices PL1V will drop from around $1,810 to around $1,500 in 2012, and remain at or around that level in 2013.

That potential price advantage of $1,000 an ounce for gold would by far be the highest differential ever. The previous record, according to Capital Economics: $126 an ounce.

[Letsbereal]

Venezuela May Move Cash, Gold From U.S.
16 August 2011, by Daniel Cancel and Corina Rodriguez Pons (Bloomberg)
http://www.bloomberg.com/news/2011-08-16/venezuela-may-move-reserves-from-u-s-to-allied-countries-says-lawmaker.html

Excerpt:

Venezuela may transfer billions of dollars in cash and gold reserves held in U.S. and European banks to financial institutions in “allied” countries, opposition lawmaker Julio Montoya said today.

Montoya, speaking on the Globovision network from the National Assembly, said the Finance Ministry wants to transfer more than $6 billion of cash reserves to countries including China, Russia and Brazil. Of Venezuela’s $18 billion in gold reserves, $11 billion is held abroad and could be transported back to Venezuela, Montoya said, citing a document he said he obtained from the ministry.

“We think that China, Russia and Brazil have asked Venezuela to transfer the reserves to guarantee the loans that the government has received in recent years,” Montoya said. “President Hugo Chavez has not yet approved the plan.”

Chavez, who says he wants to eliminate the “dictatorship” of the U.S. dollar, has called on Venezuela’s central bank to diversify its $28.7 billion in reserves away from U.S. institutions. He has also promoted the expanded use of the sucre, a currency created by the Alba bloc in 2009, for regional trade.

Messages left for officials at the Finance Ministry and central bank seeking comment weren’t returned.

[Letsbereal]

Fleckenstein - Jim Grant is Right, “A Bonfire of the Currencies”
17 August 2011, by Eric King (King World News)
http://kingworldnews.com/kingworldnews/KWN_DailyWeb/Entries/2011/8/17_Fleckenstein_-_Jim_Grant_is_Right,_A_Bonfire_of_the_Currencies.html

With gold climbing relentlessly higher, today King World News interviewed Bill Fleckenstein, President of Fleckenstein Capital, to get his take on the situation. When asked about the relentless rise in gold Fleckenstein responded, “Obviously as Jim Grant likes to say, ‘We are having a bonfire of the currencies’. To think that the Yen is strong given the hand they have to play or that the euro is 1.44, given how bad the euro is it’s 1.44 to the dollar, what does that say about the dollar? None of these currencies are any good.

All of the Western world save for maybe Australia and Canada is swimming in debt. So I don’t know how anyone can feel good about what is occurring. It seems almost impossible to think that this paper money regime that we’ve been on for the last forty years isn’t in the very end game.”

Fleckenstein continues:

“So I think there are a whole lot of reasons why people are buying gold or adding to gold positions. Anyone who is adding to gold positions already understands the problems. People that are starting new gold positions are just now coming to understand the problems I would guess.”

When asked about Europe Fleckenstein stated, “Well, in addition to all of the problems that I think everyone is quite cognizant of, at the moment the European banking system is in trouble because of the fact that they do not have a printing press. It is somewhat ironic that because Trichet has tried to do the right thing from a currency standpoint, the whole euro currency concept may blowup....

“The governments there are very indebted, some worse than others. The banks all own those debts and they own the debts of the banks in other countries and the banks are wildly leveraged. Meanwhile, nobody can produce a real ‘bailout’, thus it is a potential real powder keg. They are slow to act over there as they don’t seem to understand their own crisis.

I do appreciate the fact that Trichet tried to make the paper currency a real currency, but the problem was nobody abided by the initial rules and then they bailed out Greece.... The only way to have precluded that was to have made people adhere to the growth and stability pact that they started out with and make sure they weren’t cooking the books, which obviously Greece was.

One way or another I think that the euro is going to not have Germany in it at some point in the not too distant future. Germany cannot save all of Europe and I don’t think the rest of them can cut back enough.”

[Letsbereal]

James Turk on King World News Tuesday, August 16, 2011 – AUDIO http://kingworldnews.com/kingworldnews/Broadcast/Entries/2011/8/16_James_Turk.html

[Letsbereal]

Venezuela Makes A Huge Transfer Of Gold From Switzerland To Banks In China, Russia, And Brazil
17 August 2011, by Robert Johnson (Business Insider)
http://www.businessinsider.com/venezuala-gold-china-russia-england-banks-2011-8

Just days after returning home from another round of chemotherapy in Cuba, Hugo Chavez has ordered billions of dollars in cash and hundreds of tons of gold to be relocated.

According to The Wall Street Journal, Venezuela will move the cash from Swiss and English banks to Russia, China, and Brazil while moving hundred of tons of bullion from abroad into its own central bank vaults.

[Letsbereal]

Chavez to nationalize Venezuelan gold industry
17 August 2011, by Louise Egan - Caracas (Reuters)
http://www.reuters.com/article/2011/08/17/us-venezuela-gold-idUSTRE77G53L20110817

Venezuelan President Hugo Chavez said on Wednesday he will nationalize the gold industry, including extraction and processing, and use its output to boost the country's international reserves.

[Letsbereal]

Debt Collapse - The Case For $20,000 Gold - Mike Maloney (FULL PRESENTATION) http://www.youtube.com/watch?v=tj2s6vzErqY

[Letsbereal]

Bob Chapman - The Financial Survival 17 Aug 2011 http://www.youtube.com/watch?v=9ic4ijpoB1c

[Letsbereal]

As Chavez Pulls Venezuela's Gold From JP Morgan, Is The Great Scramble For Physical Starting?
17 August 2011, by Tyler Durden (Zero Hedge)
http://www.zerohedge.com/news/chavez-pulls-venezuelas-gold-jp-morgan-great-scramble-physical-starting

In addition to the nationalization of his gold insutry, Chavez earlier also announced that he would recover virtually all gold that Venezuela hold abroad, starting with 99 tons of gold at the Bank of England.

As the WSJ reported earlier, "The Bank of England recently received a request from the Venezuelan government about transferring the 99 tons of gold Venezuela holds in the bank back to Venezuela, said a person familiar with the matter.

A spokesman from the Bank of England declined to comment whether Venezuela had any gold on deposit at the bank."

That's great, but not really a gamechanger. After all the BOE should have said gold.

What could well be a gamechanger is that according to an update from Bloomberg, Venezuela has gold with, you guessed it, JP Morgan, Barclays, and Bank Of Nova Scotia.

As most know, JPM is one of the 5 vault banks.

The fun begins if Chavez demands physical delivery of more than 10.6 tons of physical because as today's CME update of metal depository statistics, JPM only has 338,303 ounces of registered gold in storage. Or roughly 10.6 tons.

A modest deposit of this size would cause some serious white hair at JPM as the bank scrambles to find the replacement gold, which has already been pledged about 100 times across the various paper markets.

Keep an eye on gold in the illiquid after hour market.

The overdue scramble for delivery may be about to begin.

[Letsbereal]

Eveillard - Flight From Paper Currencies Fueling Gold Explosion
17 August 2011, by Eric King (King World News)
http://kingworldnews.com/kingworldnews/KWN_DailyWeb/Entries/2011/8/17_Eveillard_-_Flight_From_Paper_Currencies_Fueling_Gold_Explosion.html

[Letsbereal]

Gold Prices May Be Poised for `Parabolic' Rise - Vid
18 August 2011, (Bloomberg)
http://www.bloomberg.com/video/74110956/

Mark O'Byrne, executive director of brokerage GoldCore Ltd., discusses the outlook for gold. He talks from Dublin with Mark Barton on Bloomberg Television's "Countdown."

[Letsbereal]

GOLD NEW ALL TIME HIGH AT $1,820.59 oz http://www.goldprice.org/spot-gold.html

Gold just past the ol all time high of $1,815.50 oz http://uk.finance.yahoo.com/news/Gold-breaches-1-800-ounce-afp-3934699625.html

http://charts.kitco.com/KitcoCharts/

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

[Letsbereal]

GOLD NEW ALL TIME HIGH AT $1,825.51 oz http://www.goldprice.org/spot-gold.html

http://charts.kitco.com/KitcoCharts/

WE ARE GOING PARABOLIC NOW!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!

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

[tritonman]

Now its up 30 bucks for the day.   Markets down, Gold is up up and away.

[Letsbereal]

Macro Guest Commentary: If Gold Is A Barbarous Relic, All Hail Barbarism!
18 August 2011, by Brian Rogers of Fator Securities (Zero Hedge)
http://www.zerohedge.com/news/macro-guest-commentary-if-gold-barbarous-relic-all-hail-barbarism

“Gold is money. Everything else is credit.” - J.P. Morgan, testifying to Congress in 1912.

[Letsbereal]

GOLD NEW ALL TIME HIGH AT $1,829.70 oz http://www.marketwatch.com/story/gold-extends-record-run-on-growth-fears-2011-08-18

http://charts.kitco.com/KitcoCharts/

http://www.goldprice.org/spot-gold.html

Yessssss!!!! Gold Always believe in …. Gold, Your indestructible, GOLD!!! http://www.youtube.com/watch?v=rVuwXM9u2ps

[Kilika]

At this pace, we'll likely see $1900 by the end of the month it seems!

[TahoeBlue]

At this pace, we'll likely see $1900 by the end of the month it seems!

Yes , it's just another crisis away...

They will probably raise margin requirements on gold  trading though and that may slow it down, for a while...

[Letsbereal]

GOLD NEW ALL TIME HIGH AT $1,835.30 oz http://charts.kitco.com/KitcoCharts/

http://www.goldprice.org/spot-gold.html

Buy Gold! http://www.youtube.com/watch?v=IEAb8Hbk_Q4

[Letsbereal]

GOLD NEW ALL TIME HIGH AT $1,836.80 oz http://charts.kitco.com/KitcoCharts/

http://www.goldprice.org/spot-gold.html

Buy Gold! http://www.youtube.com/watch?v=IEAb8Hbk_Q4

[Suriel]

I wonder how many posts in this thread have the phrase "all time high" in it?   

[ekimdrachir]

SOMETHING BIG IS GOING ON - FINANCIAL PANIC? ScrapGoldBusiness
http://www.youtube.com/watch?v=ADP_3YvAhxg

[Letsbereal]

GOLD NEW ALL TIME HIGH AT $1,845.30 oz http://charts.kitco.com/KitcoCharts/

http://www.goldprice.org/spot-gold.html

Buy Gold! http://www.youtube.com/watch?v=IEAb8Hbk_Q4

[Letsbereal]

GOLD NEW ALL TIME HIGH AT $1,876.58 oz http://www.goldprice.org/spot-gold.html

http://charts.kitco.com/KitcoCharts/

Buy Gold! http://www.youtube.com/watch?v=IEAb8Hbk_Q4

[Letsbereal]

Ben Davies - Expect $2,100 Gold by the End of December
18 August 2011, by Eric King (King World News)
http://kingworldnews.com/kingworldnews/KWN_DailyWeb/Entries/2011/8/18_Ben_Davies_-_Expect_$2,100_Gold_by_the_End_of_December.html

[Femacamper]

PARABOLA!!!!!!!