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

[Letsbereal]

Dutch Central Bankster Wellink Lied About Gold (google trans from Dutch) http://tinyurl.com/3keea4d

[Letsbereal]

James Grant and James Turk discuss gold, the Fed and the fiscal situation of the USA http://www.youtube.com/watch?v=1VcN_Z6L0jM

[Letsbereal]

Gold is the only place for new money in June - The fundamentals and the technicals align for gold now
1 June 2011, by Kevin Marder (MarketWatch)
http://www.marketwatch.com/story/gold-is-the-only-place-for-new-money-in-june-2011-06-01

“Gold and silver are money. Everything else is credit” — J.P. Morgan

“Silver and Gold is the only money the elite rely on” — Lindsey Williams

[Letsbereal]

UBS raises 3-month gold forecast to $1,600/oz
10 June 2011, by Francesca Freeman - London (MarketWatch)
http://www.marketwatch.com/story/ubs-raises-3-month-gold-forecast-to-1600oz-2011-06-10

[Letsbereal]

‘Libyan gold was globalist game all along’ http://www.youtube.com/watch?v=SUoOErVEVd0

[ekimdrachir]

Standard Chartered: "Three Factors Will Drive Gold To $5,000"
Tyler Durden's picture
Submitted by Tyler Durden on 06/14/2011 09:25 -0400

    * Central Banks
    * Equity Markets
    * India
    * Precious Metals
    * Standard Chartered



Following less than parabolic moves higher in the precious metals complex over the past several weeks has extinguished some of the fervor in the space, which of course is welcome: a slow, gradual increase which does not provoke the CME's attention is far better for the boiling free than a sudden surge in prices. Yet the recent period of stability may soon be over. Standard Chartered has just released a report which looks at actual gold breakeven prices, production bottlenecks, central bank interest, and Chinese and Indian buying, and comes to the conclusion that $5,000 gold may just be a matter of time. To wit: "The limited supply comes at a time when central banks have completely changed their tune on selling down their gold stocks and now appear likely to accelerate their net buying programmes. China is way behind the curve. Currently, only 1.8% of China’s foreign exchange reserves is in gold; if the country were to bring this proportion in line with the  global average of 11%, it would have to buy 6,000 more tonnes of gold, equivalent to more than 2 years of gold production. We believe that these factors – limited gold production, buying by central banks and increasing demand from India and China – can potentially drive the  gold price to US$5,000/oz, as highlighted in our commodity team’s earlier report." And what according to Std. Chartered is the best way to capitalize on this undervaluation: "We believe the best ways to invest in the gold cycle are buying physical gold (a safe asset) or investing in junior gold miners (highest leverage to the gold price) that are 1-2 years away from production." Perhaps the current price 66% lower is therefore not a bad entry point...

From the report:

    We are bullish on gold. Most market commentary on gold has centred on the direction of US dollar movements or inflation/deflation issues. We go beyond this to examine future mine supply, which we think is just as important a driver. Our comprehensive study of 375  gold projects supply suggests a very limited production growth profile for the next five years. A ten-year bull market in gold has done little to drive gold production. The gold miners are running to stand still. A lack of funding from equity markets and a shortage of large gold mines makes it difficult for the industry to compensate for the depletion caused by aging mines and falling grades. In our base case, our 375-mine supply model shows net production growth of 3.6% pa. over the next five years.

    Our IRR analysis shows that for the major gold projects under construction, for which the acquisition cost of gold resources has already been spent, the gold price would need to be US$1,400/oz in order to generate a 20% IRR, which is usually the minimum return  requirement. For greenfield projects going forward, the gold price would need to be nearly US$2,000/oz to produce an IRR of 20%. We believe this daunting hurdle will likely further delay gold production.

    The limited supply comes at a time when central banks have completely changed their tune on selling down their gold stocks and now appear likely to accelerate their net buying programmes. China is way behind the curve. Currently, only 1.8% of China’s foreign exchange reserves is in gold; if the country were to bring this proportion in line with the global average of 11%, it would have to buy 6,000 more tonnes of gold, equivalent to more than 2 years of gold production.

    We believe that these factors – limited gold production, buying by central banks and increasing demand from India and China – can potentially drive the gold price to US$5,000/oz, as highlighted in our commodity team’s earlier report, Gold – Super-cycle to extend above US$2,100/oz (17 April 2011).

    We believe the best ways to invest in the gold cycle are buying physical gold (a safe asset) or investing in junior gold miners (highest leverage to the gold price) that are 1-2 years away from production. We are cautious about the gold majors. Project plans of the big five gold producers by market cap suggest an average production CAGR of only 4% in the next five years. They need to depend on expensive acquisitions in order to grow further. As a form of affirmation, the share price index we constructed for the gold majors underperformed  the gold price by 147ppt over 1995-2011.

Full report:
In Gold We Trust 061411
http://www.scribd.com/doc/57833659/In-Gold-We-Trust-061411

[Letsbereal]

Eurozone Central Banks Net Buyers of Gold In 2011 For First Time Since Inception Of Euro
16 June 2011, by Tyler Durden (Zero Hedge)
http://www.zerohedge.com/article/eurozone-central-banks-net-buyers-gold-2011-first-time-inception-euro

[Letsbereal]

Is Gold in Fort Knox Real? Ron Paul Wants to Know
14 June 2011, by Steve Liesman (CNBC)
http://www.cnbc.com/id/43391588

Are the gold bars in Fort Knox really made of the precious metal? Or has the U.S. government secretly sold off the nation's stockpile and replaced it with metal bars that are only painted gold?

Ron Paul wants to find out.

Giving legitimacy to an Internet conspiracy theory that the gold in Fort Knox is fake, the iconoclast Republican congressman from Texas has asked adminstration officials to audit the purity of the nation's 700,000 gold bars held in Fort Knox, according to an internal Treasury document obtained by CNBC. Paul, a presidential candidate who chairs the House's subcommittee on Domestic Monetary Policy, had previously called for the U.S. gold reserve to be counted and for a return to the gold standard. He now appears to be going a step further in his request that representatives from the U.S. Treasury Department and the U.S. Mint testify at a subcommittee hearing on June 23 about the authenticity of the nation's gold.

The Treasury document says it would cost about $15 million to conduct an audit. The process would take about 30 minutes to verify the gold content of each bar, or 350,000 man hours; to do that would would take 400 people working for six months, according to the document. The Mint is audited annually by the Treasury's Office of the Inspector General. An audit of the "Schedule of Custodial Deep Storage Gold and Silver Reserves" was published in September 2010.

A Google search of the phrase "Is the gold in Fort Knox fake" returns 623,000 results. Many of them reference a single, unverified report in 2009 that the Chinese received a fake shipment gold that, in fact, was tungsten.

One conspiracy theory says that no one has actually seen the gold since the 1930s. But in a letter to Paul in September, the Treasury Inspector General said he had "personally observed the gold reserves located in each of the deep storage compartments."

As a postscript to the story, CNBC asked for a tour of Fort Knox to film the gold, since our only footage of Fort Knox is from 1974. An official at the Mint told us that not he was not aware that any member of Congress had toured the facility since that year. Fort Knox is "a closed facility," the official said.

And so the conspiracy theory continues...

[Kilika]

One conspiracy theory says that no one has actually seen the gold since the 1930s. But in a letter to Paul in September, the Treasury Inspector General said he had "personally observed the gold reserves located in each of the deep storage compartments."

Personally observed it eh? Yeah, just like they personally observed the birth certificate!

[Letsbereal]

41% Of Belgian Central Bank Gold Has Been Lent Out
20 June 2011, by Tyler Durden (Zero Hedge)
http://www.zerohedge.com/article/41-belgian-central-bank-gold-has-been-lent-out

[Letsbereal]

Richard Russell - Chinese Billionaires Buying Gold & Diamonds
21 June 2011, by Eric King (King World News)
http://kingworldnews.com/kingworldnews/KWN_DailyWeb/Entries/2011/6/21_Richard_Russell_-_Chinese_Billionaires_Buying_Gold_%26_Diamonds.html
 

[Letsbereal]

Greeks Turn Savings To Gold And Perth Mint Silver Coin Sales Surge To Record On Safe Haven Demand
22 June 2011, by Tyler Durden (Zero Hedge)
http://www.zerohedge.com/article/greeks-turn-savings-gold-and-perth-mint-silver-coin-sales-surge-record-safe-haven-demand

[Letsbereal]

Faber Likes Gold, Silver; Will Keep Accumulating Gold http://www.youtube.com/watch?v=oxYmUOxLJRA

[Letsbereal]

Lindsey Williams & Alex Jones: Earth Shattering Events to Come!! http://www.youtube.com/watch?v=I5hKd4-Rl2Q

Elite have kept their timeline – at the end of 2012 the dollar must be destroyed.

The US will default on it’s national debt.

The NWO will come with a new currency backed by gold (partly I think) and they call it the Petro Dollar which figures what will be the rest of the dollar back up – OIL!.

They have to hike gold to $3,000 and silver to $75 – $100 to use it as back up for the dollar.

Silver & Gold: Till August prices stay the same but Sept. – Dec. prices will be hiked 20%-25%

Oil: Oil kept around $5 a gallon the rest of this summer. Will be hiked to $150 – $200 a barrel later.

[Letsbereal]

Greek savers rush for gold
21 June 2011, (Covering Delta)
http://coveringdelta.wordpress.com/2011/06/21/greek-savers-rush-for-gold/

[Letsbereal]

Lindsey Williams & Alex Jones: Earth Shattering Events to Come!! http://www.youtube.com/watch?v=I5hKd4-Rl2Q

Elite have kept their timeline – at the end of 2012 the dollar must be destroyed.

The US will default on it’s national debt.

The NWO will come with a new currency backed by gold (partly I think) and they call it the Petro Dollar which figures what will be the rest of the dollar back up – OIL!.

They have to hike gold to $3,000 and silver to $75 – $100 to use it as back up for the dollar.

Silver & Gold: Till August prices stay the same but Sept. – Dec. prices will be hiked 20%-25%

Oil: Oil kept around $5 a gallon the rest of this summer. Will be hiked to $150 – $200 a barrel later.

aha Exactly what Lindsey Willams said the Elite is gonna do!

Jim Rickards on CNBC 22 June 2011 http://video.cnbc.com/gallery/?video=3000029081

"Is the fed out of bullets? They’re not.

Historically in ’33 and ’71, you can conduct open market operations in gold , the FED could bid the price of gold up to $3,000 an ounce, all of the other commodity prices adjust accordingly.

Cheapen the dollar, you cheapen the debt."

[TahoeBlue]

Cheapen the dollar, you cheapen the debt

[Letsbereal]

Buying the Dow with gold
24 June 2011, (MarketWatch)
http://blogs.marketwatch.com/thetell/2011/06/24/buying-the-dow-with-gold/

Excerpt:

[TahoeBlue]

Gold down but neg. return on short term treasuries:

Negative Return on Treasuries in 2011 ! Like 2008!!

[Letsbereal]

Gold sets two-week high on inflation, debt worries
6 July 2011, by Carole Vaporean and Jan Harvey - New York/London (Reuters)
http://www.reuters.com/article/2011/07/06/us-markets-precious-idUSTRE7592IU20110706

Gold prices climbed for a third day on Wednesday, rising to a two-week high after a rate hike in China put inflation concerns back in the spotlight and as worries over euro zone debt stoked safe-haven buying.

[Letsbereal]

Gold Gains Luster As Issue For Politicians Amid Economic Unrest
1 July 2011, by Michael R. Crittenden (Dow Jones Newswires - Fox Business)
http://www.foxbusiness.com/markets/2011/07/01/gold-gains-luster-as-issue-for-politicians-amid-economic-unrest/

-- Gold becoming a more popular talking point among some politicians amid economic uncertainty and skepticism of U.S. monetary policy

-- Most mainstream economists warn against return to gold standard, but some groups want to push issue in next year's elections

-- Gold has made inroads among some politicians, becoming the subject of hearings and legislation

[Letsbereal]

Pierre Jovanovic on French Monetary History http://www.youtube.com/watch?v=XBJiTS4LeLQ

Source: http://www.goldmoney.com/video/pierre-jovanovic.html

Subjects:

- John Law, paper money and gold coin prohibition

- How the Assignat worked

- The Directory, Napoleon and the gold standard

- Charles de Gaulle and gold

- Why did French interest in gold disappear after De Gaulle?

[Letsbereal]

Central bank gold reserves up 2.2%
4 July 2011, by Roman Baudzus (Gold Money)
http://www.goldmoney.com/gold-research/central-bank-gold-reserves-up-2.2-.html


Excerpt:

QNB Capital state in their latest report that central bank gold reserves rose by more than 2% between 2008 and the end of 2010, with central banks in Brazil, Russia, India and China – as well as those in the Middle East – particularly strong buyers of the yellow metal. Developing nations' preference for gold was highlighted by the Mexican central bank’s purchase of 100 tonnes of gold in the first quarter.

As a result, central banks in developing countries have been diversifying out of paper money and into gold bullion. Gold positions held by international central banks rose about 2.2% between 2008 and the end of 2010 – from 29,870 tonnes to 30,535 tons. The data point to a turnaround in regard to last decade’s downward trend of central banks’ gold holdings. Central bank gold reserves fell by 9.6% between 2000 and 2008, despite a steady rise in gold prices.

China‘s gold holdings jumped 167% from 395 tonnes to 1,054.65 tonnes between 2000 and 2010. Crude oil exporter Saudi Arabia can also be found among the largest net buyers of gold – the Saudi Arabian central bank increased their gold reserves by 126% to 323 tonnes in the same period. The global financial crisis in 2008 seems to have hastened a growing shift on the part of these institutions into gold, in tandem with moves out of the leading fiat currencies such as the US dollar and the euro. Many market observers are expecting the dollar and the euro to lose further ground relative to gold and other precious metals in the near future, given the debt problems plaguing the eurozone and America. Gold has already replaced the euro as the second largest asset on international central banks’ balance sheets, according to QNB Capital, with many investors questioning the long-term viability of the eurozone.

----

Developing countries’ central banks are increasingly rediscovering the value keeping character of gold, with many continually searching for new ways of investing the cash from their current account surpluses. Although the gold price more than tripled between 2001 and 2010, the demand for the precious metal has not relented. Experts expect no change to this pattern in the medium term, since central banks will likely continue to be net buyers of gold in the coming years.

[Letsbereal]

Iranians go for gold amid inflation and currency fears
6 July 2011, by Mitra Amiri (Reuters)
http://www.reuters.com/article/2011/07/06/us-iran-gold-coins-idUSTRE7652JG20110706

[Letsbereal]

Swiss Parliament to discuss gold franc - Right-wing party seeks way back to gold standard
7 July 2011, by Agnese Smith - Zurich (MarketWatch)
http://www.marketwatch.com/story/swiss-parliament-to-discuss-gold-franc-2011-07-07

The Swiss Parliament is expected later this year to discuss the creation of a gold franc — a parallel currency to the official Swiss franc — raising the possibility that the country, one of the last to abandon the gold standard, may soon take a big step toward returning to it.

[Letsbereal]

India’s Gold, Silver Imports Surge 200% to $17.7 Billion in Q2; Chinese Bullion Demand Surging Further
8 July 2011, (GoldCore)
http://www.goldcore.com/goldcore_blog/india%E2%80%99s-gold-silver-imports-surge-200-177-billion-q2-chinese-bullion-demand-surging-fu

[Letsbereal]

Central banks pull most gold in a decade from BIS
8 July 2011, by Jack Farchy in London (The Financial Times)
http://www.ft.com/intl/cms/s/0/ce24275a-a8b5-11e0-b877-00144feabdc0.html

Excerpt:
 
Central banks have pulled 635 tonnes of gold from the Bank for International Settlements in the past year, the largest withdrawal in more than a decade.

The move, disclosed in the BIS’s annual report, marks a sharp reversal from the previous year when central banks added to deposits of gold at the so-called “bank for central banks” rather than lending it directly to the private sector amid growing concerns over counterparty risk.

Central banks and other official institutions collectively hold about 30,000 tonnes of bullion in their reserves, and many seek to earn an income on their gold by lending it out, just as any other currency.

----

In response to e-mailed questions, the BIS confirmed that the fall in the value of gold deposits disclosed in its annual report represented “a shift in customer gold holdings away from the BIS”.

“The Bank’s gold deposit liabilities declined by around 635 tonnes between 31 March 2010 and 31 March 2011,” it added. Comparison with previous annual reports showed the withdrawal was the largest in at least 10 years.

Traders said the move of gold holdings away from the BIS probably reflected a combination of factors.

Some central banks, unimpressed with the paltry interest rates on offer, may have taken the decision not to lend their gold at all.

“My perception is there’s less and less gold being put out by the central banks into the gold market,” said one banker.

However, some central banks may have rediscovered an appetite for lending gold to the private sector, which can earn higher rates depending on the credit rating of the counterparty and structure of the transaction.

“As commercial banks’ balance sheets have started to look better there may have been a switch back to lending to the private sector,” said Philip Klapwijk, executive chairman of GFMS, a consultancy.

“Yield enhancement can be a powerful inducement to a central banker,” an industry executive added.

[Letsbereal]

Negative Real Interest Rates Continue to Provide Gold With a Perfect Environment
8 July 2011, by Ronald Stoeferle (Oilprice)
http://oilprice.com/Metals/Gold/Negative-Real-Interest-Rates-Continue-to-Provide-Gold-With-a-Perfect-Environment.html

[ekimdrachir]

Anyone want to make any predictions of their own?

[Letsbereal]

Jim Rickards
9 July 2011, Eric King (King World News)
Record MP3 from site: http://www.kingworldnews.com/kingworldnews/Broadcast/Entries/2011/7/9_Jim_Rickards.html

[Letsbereal]

RECAP: Last Gold All New Time High was on May 2, 2011: $1,577.40 oz (MarketWatch) http://www.marketwatch.com/story/gold-noses-back-up-toward-intraday-record-2011-05-02

Double Check!: Gold Record $1,577.40 oz on May 2 (Bloomberg) http://www.bloomberg.com/news/2011-05-10/silver-extends-rebound-as-s-p-s-downgrade-of-greece-fans-investors-demand.html

[Letsbereal]

Are we going hyperbolic again? gold.

We are in the midst of a stagflation after all with no bottom in sight soon.

[Letsbereal]

Gold’s Now At $1,549.20 say $1,550 -. http://www.marketwatch.com/story/europes-sovereign-debt-crisis-lifts-gold-futures-2011-07-11

All time high was $1,577.40 oz say $1,580- on May 2, 2011.

So we’re exactly $30 from that peak $28,2 to be precise.

[Letsbereal]

GOLD’s ON THE ROQUE http://www.goldprice.org/spot-gold.html

We’re now only $6 bux removed from last Gold all time high while yesterday that was $28 and $12 minutes ago!!!!

[TahoeBlue]

GOLD’s ON THE ROQUE http://www.goldprice.org/spot-gold.html

We’re now only $6 bux removed from last Gold all time high while yesterday that was $28 and $12 minutes ago!!!!

I don't have a chart pic handy but look at today's chart for price and volume.

look at GLD - during the day the volume exploded along with the price  from 151 to 153

[Letsbereal]

Gold $1573,50 High Today Only $4 Removed from Gold's All Time High at $1577,40 on May 2, 2011 http://charts.kitco.com/KitcoCharts/

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

[Letsbereal]

GOLD! http://www.youtube.com/watch?v=lmJpJdjZERE

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

Go for Gold – Party 2.0! I Told Ya! http://www.youtube.com/watch?v=i5N3p2we_og

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

The Ecstasy Of Gold http://www.youtube.com/watch?v=2PwpOmjAu1M

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

Ancient GOLD http://www.youtube.com/watch?v=dyF0DuSococ

[Femacamper]

I wish I had kept my precious metals. :/

[swain]

congratulations for making wise investments!!

[Letsbereal]

NEW GOLD ALL TIME HIGH AT $1,580.40 oz http://charts.kitco.com/KitcoCharts/


Go for Gold – Party! I Told Ya So! http://www.youtube.com/watch?v=i5N3p2we_og “No he never told me!?” lOlz