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

[Letsbereal]

http://www.kitco.com/charts/livesilver.html

Silver topics here please - it's a sticky at the top of this page:

PrisonPlanet Forum > Globalization and the plan for NWO > Financial Crisis Forum (Moderators: Biggs, bigron, Spectre, Murray Von Hayek, stymo1) > BUY PHYSICAL SILVER to expose JP Morgan's Fraud...BANKERS OR US http://forum.prisonplanet.com/index.php?topic=191915.msg1235004#new

[Letsbereal]

GOLD NEW ALL TIME HIGH AT $1,508.66 o/z http://www.goldprice.org/spot-gold.html

[Letsbereal]

50 Factors Launching Gold
20 April 2011, by Jim Willie CB - Hat Trick Letter (24hGOLD)
http://www.24hgold.com/english/news-gold-silver-50-factors-launching-gold.aspx?article=3440305816G10020&redirect=false&contributor=Jim+Willie+CB

[Brocke]

 

The Cost of a Good Suit

Part 1 - Gold fundamentals (17 mins)
http://www.bullionvault.com/GoldWhereToNow/Part1.html

Part 2 - Debt and Keynes (17 mins)
http://www.bullionvault.com/GoldWhereToNow/Part2.html

Part 3 - Commodities & our standard of living (10 mins)
http://www.bullionvault.com/GoldWhereToNow/Part3.html

Part 4 - Western currency devaluation (24 mins)
http://www.bullionvault.com/GoldWhereToNow/Part4.html

Part 5 - Valuing gold (23 mins)
http://www.bullionvault.com/GoldWhereToNow/Part5.html

[Letsbereal]

ING's Chiu Favors Chinese Gold Producers as Output Rises http://youtu.be/u3Fwmwc5-_A

April 21 (Bloomberg) -- Michael Chiu, a fund manager at ING Investment Management Asia, talks about his investment strategy for Chinese gold producers.

He speaks with Mark Barton on Bloomberg Television's "On The Move."

[Letsbereal]

GOLD NEW ALL TIME HIGH AT $1,508.89 o/z http://www.goldprice.org/spot-gold.html

http://icharts.kitco.com/KitcoCharts/index.jsp

[Letsbereal]

Rusty Russian Gold Coin Assay Results - Mike Maloney http://youtu.be/uTj9PnyDo-M

[Letsbereal]

Gold tops $1,509 on its way to another record
21 April 2011, by Claudia Assis (MarketWatch)
http://www.marketwatch.com/story/gold-tops-1509-on-its-way-to-another-record-2011-04-21

The metal traded as high as $1,509.60 an ounce, according to CME Group, an intraday record.

[Letsbereal]

STARTLING NEW GOLD ALL TIME HIGH AT $1,511.40 oz http://icharts.kitco.com/KitcoCharts/index.jsp

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


WoW! Gold Parabolic! Just love it! http://youtu.be/i5N3p2we_og

[Letsbereal]

Richard Russell - The Great Gold Tsunami Lies Ahead
22 April 2011, by Eric King (King World News)
http://kingworldnews.com/kingworldnews/KWN_DailyWeb/Entries/2011/4/22_Richard_Russell_-_The_Great_Gold_Tsunami_Lies_Ahead.html

Excerpt:

“Gold -- The desperate battle to keep gold below 1500 continues. I watched the erratic action of gold near yesterday's close. I'm fascinated to see whether June gold can close above 1500 or whether the anti-gold contingent can manage to knock gold down (again) below 1500.

The action is now so blatant that it literally screams of manipulation. At its high yesterday, June gold sold at 1506.50. At yesterday's close, June gold was trading at 1498.10. It's almost embarrassing to watch the action.

What we're seeing is the anti-gold crowd and the manipulators vs. the great primary trend of gold.”


----


The battle about gold closing above 1500 is that once above 1500, technically gold will be on its way to 2,000. And from there 5,000 will be the target.

So 1500 is a psychological barrier that, from the bull's standpoint, must be bettered. But from the anti-gold crowd's standpoint, gold must be held (on a closing basis) below 1500.

The answer: As I see it, the primary trend of gold remains bullish. In due time, gold will gather the strength to close above 1500. The gold-bears will be defeated. It's only a matter of time.

The Coming Gold Tsunami -- We're moving nearer and nearer to the edge of the hurricane.

-----

The gold rush of the 2000s is in the wings. The old phrase is ringing in my ears again (I haven't heard it since the late '70s), "There's no fever like gold fever."

If the temperature of full gold fever is a hot 106, we're only at 99 now, but I can feel it, I can tell you that the temperature is rising.

The panic to buy gold will override everything else. It will be one of the greatest financial phenomena that most of today's investors will ever see.

It will blot out everything else like a cloud blotting out the sun.

After the calm, comes the storm. We've been watching ten years of gold climbing amid an atmosphere of calm.

The great gold tsunami lies ahead. It will be historic.”

[Kilika]

There's too much paper and not enough physical gold. Some people are not going to be happy when they are told their paper is worthless.

[Letsbereal]

Spot gold rises to fresh record above $1,513
22 April 2011, by Chris Oliver - Hong Kong (MarketWatch)
http://www.marketwatch.com/story/spot-gold-rises-to-fresh-record-above-1513-2011-04-22

Excerpt:

Gold for immediate delivery was at $1,509.10 a troy ounce, up $4.40 from its previous close,

and having earlier traded as high as $1,513.60 per ounce, according to Kitco.

[Letsbereal]

Bob Chapman – Gold Correction Question – 04-21-2011 http://youtu.be/J5PAw45SLFg

[Letsbereal]

Gold prices are continuing to soar globally as the U-S keeps printing dollars - Paper money http://youtu.be/gAIcOL9Xsig

Let’s take a closer look at how the two factors affect global economy, especially in the U-S, which is facing its highest budget deficit in history.

[TheNatural]

Things look different from different perspectives. Gold has held it's value pretty much at the same level for months in my currency, NOK. It's been slightly under 8000 NOK for a long time, only the past few days it went somewhat above 8000, but not much.

So from my perspective the past few months, almost 100% of the price rise in US dollars is because of a weakened dollar!

[ekimdrachir]

Just found this, thought I would share.

http://one-evil.org/acts_symbols/symbols_gold.htm

Background

     Gold, the god of the Roman Caesars in opposition to the Divine Creator (as referenced in the New Testament); the false god of the Israelites (golden calf) in opposition to Yah; the false god of the MenesHeh in opposition to Sabaoth (Satan); the ultimate “G” meaning of Freemasonry; the cursed medium into which the “salvaged souls” by the banks and courts condemn our spirits since 1543; the wrecker of civilizations and cause of great depressions as “lawful” money; the medium of spells and madness.

     No other medium has caused so much suffering, so much war or grief. No other medium or material has been associated with so many curses. No other object has been proven to be the very worst material for underwriting “lawful” money through indisputable evidence of its use by bankers and merchants to beguile, usurp and collapse empires. Yet despite all these warnings, including more scriptural warnings than any other substance across more faiths than any other material, Gold remains a substance worshipped by hundreds of millions, particularly Christians in absolute contradiction and defiance to their faith.

     Despite its worship, despite overwhelming historic evidence of its danger, those that promote gold, particularly as “lawful” money rarely consider its clear history, its dominant “owner” and its sole purpose for over two thousand years as a destroyer of cultures and as a bringer of curses and ill fortune upon those spellbound by it. Therefore, we will investigate how such a medium acquired such evil symbolism and power.

The origin of the curses attached to Gold

     Under the Hyksos Kings of Egypt, exiled from their reconquered Ebla and themselves connected to both Ireland and the ancient Ebla Priest-King lines, Gold as a sacred medium grew to new heights.
     
However, following the successful defeat of the last absolute Hyksos Pharaoh Akhenaten by the swamp pirates of the Nile Delta, the Menes, rose to power as the Ramses and set about squandering and abusing the massive wealth of Egypt, causing even greater hardship and economic ruin.

Seti, the son of Ramses I was responsible for capturing the former leading court families of Akhenaten from Ugarit and returning them to Egypt now as slaves instead of senior officials. However, under Ramses II from 1260 BCE, these supernatural beings who survived the plagues of Egypt were forced to rob the tombs of their former masters, defiling their very ancestors to melt down the phenomenal gold of the Hyksos to pay for the extravagance of the Menes pirates.
   
     Thus the curse of gold began with hundreds of thousands of small “bars” being minted as the first “lawful money” all carrying millions of curses associated with the desecration of the Cuilliaéan (Holy) Hyksos Kings. Fromt his point on, the followers of Akhenaten as Moses, became known as the Israelites or the “unclean/cursed”.
     
     The worship of gold as a "god" in itself

     Since the infusion of millions of curses into gold as a medium of “lawful money” by the Ramses Menes pirates ordering the Israelites to “melt down” the history of the Hyksos, three groups have dominated the control of gold, with only one being immune to the curse of gold – the Cuilliaéan; the other two being the Israelites and the swamp pirates being the Menes (later Menes-Heh and their descendents the Khazars, Venetians, Ashkenazi, Zionist).
     
During captivity under the swamp pirate Ramses pharaohs, the Israelites were the first group to begin worshipping gold as its own god, in the form of the “golden calf” in an open rejection of Yah and the Divine Creator. The calf was later also adopted as a false god by the Menes-Heh themselves.

This open rejection in defiance of the Divine Creator – a kind of reverse curse claimed against all creation of the Divine – finds its modern equivalent in the “G” of Freemasonry and the highest realization of those that attain the status of enlightenment as a “Gewe” that the G standards for the god of Gold as a curse and hatred against the Divine, the world and harmony.
   
     The worship of G being the Golden Symbol of Freemasonry, being the embodiment of the Golden Calf is also the origin of the Parasite - a mental illness perpetuated through the manual of mental illness known as the Talmud that continues to infect the world today and spellbinds worshippers of Gold to rather destroy the world than save it, to sacrifice their own families for their earthly "god".



The most accurate estimate, taking into account all records, all historical references and the history of mining techniques and mining areas is that around 200,143 metric tonnes is closer to the figure of all gold every mined/produced.

[charrington]

Have you ever asked yourself what makes Gold valuable?

[Brocke]

Have you ever asked yourself what makes Gold valuable?

A finite natural resource that can represent other commodities allowing the transport of the value of said commodities without the cost or inconvenience of moving them.

Part 1 - Gold fundamentals (17 mins)
http://www.bullionvault.com/GoldWhereToNow/Part1.html

[charrington]

A finite natural resource that can represent other commodities allowing the transport of the value of said commodities without the cost or inconvenience of moving them.

Part 1 - Gold fundamentals (17 mins)
http://www.bullionvault.com/GoldWhereToNow/Part1.html

Maybe I didn't phrase that question correctly. My bad.

Why Gold and not Platinum? There was a report that came out earlier this year that pointed out we now have more Gold then Silver on the planet. Why Gold? Gold isn't the rarest or the most useful.

[Brocke]

Maybe I didn't phrase that question correctly. My bad.

Why Gold and not Platinum? There was a report that came out earlier this year that pointed out we now have more Gold then Silver on the planet. Why Gold? Gold isn't the rarest or the most useful.

Gold is relatively easy to mine. Relatively scarce. Easy to recognize. And very difficult to artificially manufacture.

Synthesis of precious metals refers to the realization of the age-old dream of alchemists: to artificially produce precious metals. This synthesis is only possible with methods utilizing nuclear physics, currently involving either nuclear reactors or particle accelerators. Since particle accelerators require huge amounts of energy while nuclear reactors produce energy, production methods using a nuclear reactor are considered more economically feasible. Often the goal of synthesis is to produce an element at a cost significantly less than the standard methods of production.

The artificial production of gold is the age-old dream of the alchemists. It is possible in particle accelerators or nuclear reactors, although the production cost is currently many times the market price of gold. Since there is only one stable gold isotope, ¹⁹⁷Au, nuclear reactions must create this isotope in order to produce usable gold.

Gold synthesis in a nuclear reactor

Gold was first synthesized from mercury by neutron bombardment in 1941, but the isotopes of gold produced were all radioactive.

http://en.wikipedia.org/wiki/Synthesis_of_precious_metals

Why not Platinum? It looks too much like silver.

Although the modern history of platinum only begins in the 18th century, platinum has been found in objects dating from 700 BC...

For the Spanish Conquistadors of the 16th century, platinum was a nuisance. While panning for gold in New Granada they were puzzled by some white metal nuggets which were mixed with the nuggets of gold and which were difficult to separate. The Spanish called this metal Platina, a diminutive of Plata, the Spanish word for silver. Some thought that the platinum was a sort of unripe gold, so that for many years it had no value except as a means of counterfeiting.

[Letsbereal]

STARTLING NEW GOLD ALL TIME HIGH AT $1,518.05 oz http://www.goldprice.org/spot-gold.html

http://icharts.kitco.com/KitcoCharts/index.jsp

Last Gold high I reported stood at $1,513.60 oz.


WoW! Gold Parabolic! Just love it! http://youtu.be/i5N3p2we_og

[charrington]

Gold is relatively easy to mine. Relatively scarce. Easy to recognize. And very difficult to artificially manufacture.

Synthesis of precious metals refers to the realization of the age-old dream of alchemists: to artificially produce precious metals. This synthesis is only possible with methods utilizing nuclear physics, currently involving either nuclear reactors or particle accelerators. Since particle accelerators require huge amounts of energy while nuclear reactors produce energy, production methods using a nuclear reactor are considered more economically feasible. Often the goal of synthesis is to produce an element at a cost significantly less than the standard methods of production.

The artificial production of gold is the age-old dream of the alchemists. It is possible in particle accelerators or nuclear reactors, although the production cost is currently many times the market price of gold. Since there is only one stable gold isotope, ¹⁹⁷Au, nuclear reactions must create this isotope in order to produce usable gold.

Gold synthesis in a nuclear reactor

Gold was first synthesized from mercury by neutron bombardment in 1941, but the isotopes of gold produced were all radioactive.

http://en.wikipedia.org/wiki/Synthesis_of_precious_metals

Why not Platinum? It looks too much like silver.

Although the modern history of platinum only begins in the 18th century, platinum has been found in objects dating from 700 BC...

For the Spanish Conquistadors of the 16th century, platinum was a nuisance. While panning for gold in New Granada they were puzzled by some white metal nuggets which were mixed with the nuggets of gold and which were difficult to separate. The Spanish called this metal Platina, a diminutive of Plata, the Spanish word for silver. Some thought that the platinum was a sort of unripe gold, so that for many years it had no value except as a means of counterfeiting.

I remember reading about the making of Gold - it was very interesting. Also being the best electrical conductor to boot. But I doubt that had bearing when Gold became money, so long ago.

All forms of money are synthetic - including Gold. Someone picked it for simple reasons .. it was malleable and does not corrode. I think I like the barter system better.

[Letsbereal]

Huge Gold Nugget Ignites Gold Rush http://youtu.be/sMVPGmjtQR0

[Kilika]

8.2 POUND nugget? That's not a nugget, that's a rock! Wow.

[Letsbereal]

Wow, a million dollar stack of gold and silver http://youtu.be/h5CR5qehzhM

[Letsbereal]

GOLD NEW ALL TIME RECORD $1,523.10 oz (for now) http://www.goldprice.org/spot-gold.html

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

Gold Record High of $1,518.05 oz HAS BEEN BROKEN!!!!!

[Letsbereal]

GOLD FRESH NEW ALL TIME HIGH AT $1,530.40 oz http://charts.kitco.com/KitcoCharts/

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

[jerryweaver]

The FRN aka USD is down a 0.46.  While The Bernanke was speaking!!  wild  So are PM going up or holding par with the price of the tea in China while Bernanke sells a Zimbabwe economy to America?

[Letsbereal]

$1600 Gold By June 10, 2011
21 January 2011, by Turd Ferguson (Along The Watchtower)
http://tfmetalsreport.blogspot.com/2011/01/1600-gold-by-june-10-2011.html

Excerpt:

I firmly believe that there is absolutely no reason not to expect the pattern to continue so, follow closely, as this is some pretty complicated math...

20 weeks from this Friday...assuming the lows for this correction are made this week, is 6/10/11.

19 weeks from next Friday...assuming the lows are made next week, is 6/10/11.

A 20% gain off of a low of 1345 puts us at $1614 sometime during the week of 6/10/11.

A 20% gain off of a low of 1320 puts us at $1584 sometime during the week of 6/10/11.

Let's split the difference: $1600 on or before 6/10/11. There you have it.

It's not complicated and it doesn't need to be.

Market "analysts" like to make forecasting seem very complicated with all their charts and stochastics and RSIs and SMAs.

Its all bullshit designed to get you to think that the "analyst" is smarter than you and worthy of your time and attention....and money.

So, here's my promise to you. Gold will trade at $1600 on or before 6/10/11.

IF I'M WRONG, I'M SHUTTING DOWN THIS BLOG AND GOING AWAY, NEVER TO BE HEARD FROM AGAIN as I will have proven myself to be of little value.

If I'm right...well, let's just say it would be perfectly appropriate for you to hit the "Feed The Turd" button every day for the rest of your life.

[Letsbereal]

GOLD FRESH NEW ALL TIME HIGH AT $1,533.90 oz http://charts.kitco.com/KitcoCharts/

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

[Letsbereal]

GOLD FRESHY FRESH ALL TIME HIGH AT $1,535.90 (for now) http://charts.kitco.com/KitcoCharts/

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

[Letsbereal]

GOLD FRESH ALL TIME HIGH AT $1,537.40 http://charts.kitco.com/KitcoCharts/

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

[Letsbereal]

Gold, Gresham's Law and the Dong
28 April 2011, by Ben Traynor (Safe Haven)
http://www.safehaven.com/article/20794/gold-greshams-law-and-the-dong

Excerpt:

But you can hardly blame the Vietnamese people for buying and hoarding gold. Not when the official base interest rate is 9%...high by the near-zero standards of the West, but even worse when you remember that Viet inflation is running at 17.5%.

That means a real rate of return on Dongs of minus 8.5%. By spooky coincidence the exact same percentage by which the Dong was recently devalued.

In this regard, gold ownership is a direct consequence of economic conditions. The only way the SBV could provide Vietnamese with an incentive to save in Dong would be to raise the nominal interest higher than inflation, and thus provide a decent real rate of return. But this would mean rates of around 20% at least. Not only would this hit the domestic economy hard, it would almost certainly cause the Dong to appreciate, which would make the trade deficit even worse.

Unable, therefore, to directly incentivize people the hold paper money, the authorities have resorted instead to marginally disrupting gold's monetary function. But this won't work. People will still prefer to hold gold because the Dong is failing to fulfill one of the core functions of money. It is a terrible store of value.

That is why the Vietnamese continue to hoard "good" money (gold) while passing the bad stuff around. Just as Gresham's Law predicts.


ESSENTIAL: REAL INTEREST RATES ARE NEGATIVE WHICH IS BULLISH FOR SILVER AND GOLD.

Somtin Dian L. Chu somehow doesn’t seem to understand.

See: Physical Silver Investors Are Being Hoodwinked by the Futures Market http://www.zerohedge.com/article/physical-silver-investors-are-being-hoodwinked-futures-market

Or maybe the one dimensional approach of silver and gold merely as a commodity like all the others like iron or allumium clouded clear judgement.

[Letsbereal]

GOLD NEW ALL TIME HIGH AT $1,540.60 (for now) http://charts.kitco.com/KitcoCharts/

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

[Letsbereal]

Gold-Buying Central Banks May Signal Bullion Extending Record Price Rally
29 April 2011, by Pham-Duy Nguyen (Bloomberg)
http://www.bloomberg.com/news/2011-04-29/gold-buying-central-banks-may-signal-bullion-extending-record-price-rally.html

Excerpt:

Central banks that were net sellers of gold a decade ago are buying the precious metal to reduce their reliance on the dollar as a reserve currency, signaling demand that may extend a record rally in prices.

As developing countries accelerate purchases, gold may reach $2,000 an ounce this year, compared with a record of $1,538.80 yesterday in New York, said Robert McEwen, the chief executive officer of producer U.S. Gold Corp. Euro Pacific Capital’s Michael Pento, who correctly predicted gold’s highs for the past two years, forecast a 2011 high of $1,600.

Prices reached a record 14 times this month on demand from investors seeking an alternative to the dollar after the currency slumped to the lowest since 2009, U.S. debt widened, and the Federal Reserve signaled April 27 that borrowing costs will remain near zero percent for an extended period. The economy in China, the biggest foreign holder of U.S. Treasuries, grew 9.7% in the first quarter.

“China is out to have more gold than America, and Russia is aspiring to the same,” McEwen said yesterday in an interview in New York. “When you have debt, you don’t have a lot of flexibility. China wants to show its currency has more backing than the U.S.”

In 2010, central banks became net buyers for the first time in two decades, adding 87 metric tons in official-sector purchases by countries including Bolivia, Sri Lanka and Mauritius, according to World Gold Council data. China, with more than $3 trillion in foreign-currency reserves, plans to set up new funds to invest in precious metals, Century Weekly reported this week. Russia purchased 8 tons of gold in the first quarter.

China’s Gold Reserves

China, which has just 1.6% of its reserves in gold, may invest more than $1 trillion in bullion, Pento said. “China wants to be an international player, and they need to own more gold than they currently have.”

The U.S. Treasury Department projects the government could reach its debt ceiling of $14.3 trillion as soon as mid-May and run out of options for avoiding default by early July. The Fed has kept its benchmark rate between zero percent and 0.25 percent since December 2008 to help stimulate the economy, driving the dollar down 11% against a basket of six major currencies during the past year.

[Letsbereal]

GOLD NEW ALL TIME HIGH AT $1,544.80 http://charts.kitco.com/KitcoCharts/

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

[Letsbereal]

GOLD NEW ALL TIME HIGH AT $1,544.90 http://www.goldprice.org/spot-gold.html

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

[Letsbereal]

GOLD STARTLING NEW ALL TIME HIGH AT $1,568.75 http://www.goldprice.org/spot-gold.html

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

[Letsbereal]

Revised: Gold All Time High To $1,569.30 oz Apr 29, 2011 (Reuters) http://www.reuters.com/article/2011/04/29/us-markets-precious-idUSTRE73786N20110429

[Letsbereal]

Richard Russell - China on Massive Gold Accumulation Program
30 April 2011, by Eric King (King World News)
http://kingworldnews.com/kingworldnews/KWN_DailyWeb/Entries/2011/4/30_Richard_Russell_-_China_on_Massive_Gold_Accumulation_Program.html

Excerpt:

“One of the questions that I'm most frequently asked is this:

‘Russell, do you think the US government will call in all the privately-held gold, just as Roosevelt did in 1933?’  

I've thought about this at length, and I've arrived at what I believe to be the correct answer.

The answer is -- No, the government will definitely not call in the gold.

The simple reason is that a tremendous amount of gold is held in very powerful hands.

Gold (GLD) and gold bullion is held by pension funds, university endowment funds, large powerful hedge funds, corporate reserves, and state treasuries.

----

In other words, my thesis is that gold is now in such powerful hands (much of it even political) that there's no way that the US government would call in gold.

Furthermore, what purpose would it serve if the US did call in the gold?

In 1933 Roosevelt called in privately-held gold and then raised the price of gold from $20.22 to $35 an ounce, this in an effort to reinflate the depression-laden economy.’

China has reserves of $3 trillion, of which almost half is in dollar denominated items.

China is now the world's biggest producer of gold.

And the Chinese government is going all out to increase its production of gold.

China also is encouraging its people to buy and accumulate gold.

Against it's huge ($3 trillion) reserves, only 1.7% of China's reserves are in gold.

China is on a diversification program to increase its tiny reserves of gold.

It is thought that China wants at least 10% of its reserves in gold.

This means that China is on a massive gold accumulation program.

My thought is that there is a "Chinese put" under gold. When ever gold corrects a bit, China is there loading up on what ever is available.

Other central banks are doing the same thing.

Gold is held in strong hands, big money buyers, central banks, large pension funds.

This is not true of silver, which I believe is held in many speculators and quick-trade operators.

Thus, silver is in weaker hands than is gold, and that's an important difference.