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

[Femacamper]

Gold Going to Parabolic Top of $10,000 by 2012 For Good Reasons
http://www.marketoracle.co.uk/Article20267.html

Commodities / Gold and Silver 2010 Jun 13, 2010 - 10:05 AM

By: Lorimer_Wilson

Commodities

Best Financial Markets Analysis ArticleNo wishful thinking here! As I see it gold is going to a parabolic top of $10,000 by 2012 for very good reasons - sovereign debt defaults, bankruptcies of “too big to fail” banks and other financial entities, currency inflation and devaluations - which will all contribute to rampant price inflation.

Not surprisingly, I have company in that view:
 
Money manager, Peter Schiff, told Business Week recently that, "Gold could reach $5,000 to $10,000 per ounce in the next 5 to 10 years” and highly respected economist David Rosenberg is of the opinion that "There is no doubt that gold can easily double from here."

THE CAUSES

1. History is No Guide
Gold has only been trading freely since President Nixon's 1971 decision to deny gold to the French and others attempting to repatriate their paper dollars for the metal.  As such, there has been a scant forty years of gold production and trading since it was detached from supporting paper money. This period has also been marked by substantially higher monetary and price inflation as well as currency devaluation.

2. Market Manipulation
The Commodity Futures Trading Commission (CFTC) recently held a major hearing which blew the doors off bullion metals futures trading markets in terms of what was revealed publically. I predict this public hearing will be viewed in the period ahead as the precious metals price liberation event of the decade.

It is commonly known that JP Morgan Chase in the major player in commodities futures markets trading. Not only do they take massive naked short positions (betting that prices will fall), they do it with large substantial leverage.  What isn't as well known though is that Chase acts as the agent for the Federal Reserve Board and other central banks in 'managing' the markets on their behalf. Central banks want 'orderly' precious metals markets and prices and currencies which don't gyrate wildly. Only then can they achieve stealth inflation in their monetary policy which is so beneficial in servicing debt.  It also makes for good (meaning effective) politics.

3. Insufficient Physical Inventories
While it is normal for traders to roll their expiring contracts over into new paper trades, some traders accept cash in settlement rather than the metal. To the amazement of everyone the recent hearing of the CFTC - specifically Jeff Christensen’s comments - inadvertently confirmed that there is little bullion in storage at the London Metals Exchange or New York's COMEX to back the metals trading. He justified this fact by noting that only one ounce of one hundred traded is paid out in physical metal. This revelation confirmed a much worse reality than even critics, such as the Gold Anti-Trust Action Committee (GATA), had expected. It seems that the Asian and Mid East buyers and owners of bullion have been removing gold from their dealers’ vaults and are taking it "home" thus leaving much less than previously thought in the London, New York and Toronto vaults.

In addition to what looks like a production peak in the gold mining industry (production has fallen in 5 of the last 8 years), central banks have for the first time recently become net purchasers (having bought more gold last year – 425 tons – than at any time since 1964).
 
The single largest purchasers of metal these days, other than central banks, are the bullion ETF's (Exchange Traded Funds) which ostensibly have their metal inventories in vaults. These relatively new investment vehicles, unfortunately, are not transparent in their business practices. Regular audits by reputable accounting firms and allocated and segregated bullion inventories stored in reputable vaults are opaque at best. This begs the question: “Do the large ETF bullion funds actually have the metal they purport to own, or is their inventory more the 'paper gold' variety in which bullion trading exchanges seem to specialize?”

THE EFFECT

    The revelation, outlined above, that there is insufficient physical inventory to meet new investment demand for ownership and delivery of physical bullion, is about to blow the price lid skyward.
    As public awareness of sovereign debt mounts, it will drive home the reality of mounting government insolvency.
    Confidence in currencies will wilt commensurately. 
    Investment demand for real gold and real money as a safe haven investment will expand exponentially.
    These events should take place from mid 2011 through 2012 and extend further out toward 2015 before demand is satiated.
    The dramatic price increases in gold and silver will at that point also satisfy the unstated desire of central banks and politicians to devalue their currencies in order to assist them in meeting their debt and unfunded liabilities.

After the 2008/2009 crash, governments bailed out their failing financial institutions and investment banks through a variety of innovative measures. The next time round most governments will not be in a position to do so – again. Even more troubling, the IMF (International Monetary Fund) will not be capable of rescuing the increasing number of insolvent governments and their financial institutions.

Conclusion
You may think my aforementioned views are crazy or perhaps just that my imagination is way out of hand or, at best, that I don’t have access to the appropriate reality checks. Be that as it may, I am increasingly confident that the consequences of fragile sovereign debt, precious metals market manipulation, insufficient physical supply, and the need for a safe haven investment refuge, will drive precious metals bullion and mining stock to unimagined heights.

The circumstances immediately ahead are largely unprecedented. History is therefore only marginally useful as our guide to the future price of precious metals. We are now in genuinely unchartered territory.

Get yourself positioned to take advantage of this event of a lifetime. Protect your assets from the next and more serious leg of the 'Greater Depression' directly ahead.  Get a running start NOW on growing your future wealth.

[Letsbereal]

GOLD NEW ALL TIME HIGH AT $1,881.40 oz http://www.marketwatch.com/story/gold-futures-buoyed-by-safe-haven-appeal-2011-08-19

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

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

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

[Letsbereal]

Mike Maloney on Debt Collapse & the Case for $20,000 Gold http://www.youtube.com/watch?v=tj2s6vzErqY

[Kilika]

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

 

[Brocke]

Mike Maloney on Debt Collapse & the Case for $20,000 Gold http://www.youtube.com/watch?v=tj2s6vzErqY

The best!!! This is a great presentation to help wake people up.

[ekimdrachir]

I want to start telling people to sell everything they have and buy Gold but that would make me sound crazy... but they should! I would if I had anything of value to sell.

[Letsbereal]

As Good as Gold http://www.youtube.com/watch?v=-WIJZzJu7_w

Aug 18, 2011 - Historian and investment banker Lewis Lehrman joins the Judge to explain why returning the dollar to the gold standard would help America return to prosperity.

[Letsbereal]

Bob Chapman – The Financial Survival 19 Aug 2011 http://www.youtube.com/watch?v=TiTyT-otuyk

[Letsbereal]

Gold Fever Stirs Ghost Town
18 August 2011, by Justin Scheck - Bodie, Calif. (The Wall Street Journal)
http://online.wsj.com/article/SB10001424053111904070604576514482749037182.html

Excerpt:

Proposal to Ease Land Protections Could Clear Path for New California Mine

Residents and officials near Bodie have been sparring for months over a New York company's plans to explore the area for a potential gold mine. The recent surge in gold's value and a bill pending in Congress are giving the fight new significance.

The measure would remove more than 40 million acres nationwide—including the Bodie Hills—from federal "Wilderness Study Area" and "Inventoried Roadless Area" protection, potentially opening the land for mining, logging and other uses. The protective status was designed to be temporary, but has covered millions of acres for decades.

The bill's sponsor, California Republican Rep. Kevin McCarthy, believes the legislation would generate new economic activity around the country, his spokeswoman said. She said the bill, which has 31 co-sponsors, would only remove protections for land federal agencies have deemed inappropriate for wilderness status. Wyoming Republican Sen. John Barrasso has introduced a corresponding bill in the Senate.

Environmental groups disdain the bill. "We call it 'the Great Outdoors Giveaway,' " said Sally Miller, an official with the Wilderness Society. She said the government should assess the areas one by one and seek local input.

In addition to the Bodie area, near the Nevada border, the bill would release from the protective designations areas including swamps in Florida and an elk-rearing area in Colorado's Rocky Mountains. Federal agencies would be in charge of issuing new permits for mining and other uses in the areas.

The Bodie dispute is "the tip of the sword" in a growing national debate over balancing conservation and resource extraction, said Mark Wallace, chief executive of Tigris Financial Ltd., the New York company exploring for gold in the Bodie Hills.

Riding a gold bonanza, Bodie grew to 10,000 residents by 1880. But the mines eventually became less profitable and closed, leaving contamination and a near-deserted town by 1915. Bodie was preserved as a state park. Today, many of the houses stand preserved in what the state calls "arrested decay," with furniture still in place. Tourists walk deserted streets and drive dirt roads out of town past old mining claims.

[Letsbereal]

Traders prepare for Chávez gold transfer
18 August 2011, by Jack Farchy in London and Benedict Mander in Caracas (The Financial Times)
http://www.ft.com/intl/cms/s/0/e08657a4-c9b9-11e0-b88b-00144feabdc0.html

Excerpt:

Bullion traders are preparing for one of the largest transfers of physical gold in recent history after Hugo Chávez, Venezuela’s president, ordered the country’s gold reserves to be returned to Caracas.

Venezuela’s central bank is the world’s 15th largest holder of gold, with 365.8 tonnes, of which some 211 tonnes, worth $12.3bn, are held overseas, according to a proposal for the transfer from the Venezuelan central bank and finance ministry.

----

A large proportion of the gold is in London, according to figures in the proposal document, with the Bank of England holding 99.2 tonnes. The Venezuelan central bank also has gold deposit accounts with Barclays, HSBC and Standard Chartered that would be delivered to the Bank of England, traders said.

----

Countries such as Iran and Libya, which have been subject to international sanctions, have in the past repatriated gold reserves, traders said. Libya’s foreign reserves were frozen after war broke out this year. “There is a growing preference among many different communities in the gold market to have their physical gold at home,” said Edel Tully, precious metals strategist at UBS.

Venezuela would need to transport the gold in several trips, traders said, since the high value of gold means it would be impossible to insure a single aircraft carrying 211 tonnes. It could take about 40 shipments to move the gold back to Caracas, traders estimated.

[Letsbereal]

Eric Sprott Interview
20 August 2011, by Eric King (King World News)
http://www.kingworldnews.com/kingworldnews/Broadcast/Entries/2011/8/20_Eric_Sprott.html

[Letsbereal]

Ben Davies
20 August 2011, by Eric King (King World News)
http://www.kingworldnews.com/kingworldnews/Broadcast/Entries/2011/8/20_Ben_Davies.html

[Letsbereal]

Richard Russell - Expect Mass Entry Into Gold By Retail Public
19 August 2011, by Eric King (King World News)
http://kingworldnews.com/kingworldnews/KWN_DailyWeb/Entries/2011/8/19_Richard_Russell_-_Expect_Mass_Entry_Into_Gold_By_Retail_Public.html

Excerpt:

“Gold -- I've been receiving many calls to the effect, ‘Should I sell my gold now?’ My answer is that I don't have the ultimate answer to that question. 

My thinking is that gold has been in a decade-long (bull) market. Most extended bull markets end with a third-phase period of torrid speculation and a mass entrance by the retail public.

So far, we have seen neither.

[Letsbereal]

People rushing into gold to protect their money (19Aug11) http://www.youtube.com/watch?v=ZJkLxHNnSnY

[ekimdrachir]

I bet Silver will outperform.. Sell your Gold for Silver and Food, before you can't get any. Not much time left for Food.

[adissenter2]

Do you have gardening tools stocked up on?

What about tools of your trade?

[Letsbereal]

India Gold Imports May Reach a Record
20 August 2011, by Swansy Afonso (Bloomberg)
http://www.bloomberg.com/news/2011-08-20/gold-imports-by-india-may-reach-a-record-1-000-tons-on-investment-demand.html

Excerpt:

Gold imports by India, the world’s biggest consumer, may reach a record this year as investors seek a haven against inflation and volatility in stock markets, a traders’ group said.

Imports may be between 950 metric tons and 1,000 tons this year, Prithviraj Kothari, president of the Bombay Bullion Association, told reporters at a gold conference in Kovalam in south India. Consumption in India rose to a record 963.1 tons last year, driving bullion imports to the highest ever at 958 tons, according to the World Gold Council.

Rising Indian imports may help extend a 30 percent rally in gold prices to a record that’s made the precious metal the second-best performer on the Thomson Reuters/Jefferies CRB Index of 19 raw materials this year. Bullion is heading for its 11th annual gain as Europe’s sovereign-debt crisis and concern that the U.S. economy may be slowing spur demand for a haven.

“The equity market is volatile and property prices are too high, driving people toward gold as an investment,” Kothari said. “The rains have been good so far, so we can expect good demand for festival season this year.”

Purchases by India, the world’s biggest user, surged 60 percent to 267 tons in the three months ended June 30, from 167 tons a year earlier, the producer-funded council said on Aug. 18. Investment demand jumped 78 percent to 108.5 tons, the second-highest quarter on record, it said.

[Femacamper]

India Gold Imports May Reach a Record
20 August 2011, by Swansy Afonso (Bloomberg)
http://www.bloomberg.com/news/2011-08-20/gold-imports-by-india-may-reach-a-record-1-000-tons-on-investment-demand.html

Excerpt:

Gold imports by India, the world’s biggest consumer, may reach a record this year as investors seek a haven against inflation and volatility in stock markets, a traders’ group said.

Imports may be between 950 metric tons and 1,000 tons this year, Prithviraj Kothari, president of the Bombay Bullion Association, told reporters at a gold conference in Kovalam in south India. Consumption in India rose to a record 963.1 tons last year, driving bullion imports to the highest ever at 958 tons, according to the World Gold Council.

Rising Indian imports may help extend a 30 percent rally in gold prices to a record that’s made the precious metal the second-best performer on the Thomson Reuters/Jefferies CRB Index of 19 raw materials this year. Bullion is heading for its 11th annual gain as Europe’s sovereign-debt crisis and concern that the U.S. economy may be slowing spur demand for a haven.

“The equity market is volatile and property prices are too high, driving people toward gold as an investment,” Kothari said. “The rains have been good so far, so we can expect good demand for festival season this year.”

Purchases by India, the world’s biggest user, surged 60 percent to 267 tons in the three months ended June 30, from 167 tons a year earlier, the producer-funded council said on Aug. 18. Investment demand jumped 78 percent to 108.5 tons, the second-highest quarter on record, it said.

Wow...that's a cool $67 billion worth in 2011 so far! That's like 5% of their GDP!

[Letsbereal]

GOLD NEW ALL TIME HIGH AT $1,882.70 oz http://charts.kitco.com/KitcoCharts/

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

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

[CheneysWorstNightmare]

Gold already up $37 in 9 hours.

And silver up $1 in 9 hours.

WOW!

[Letsbereal]

GOLD NEW ALL TIME HIGH AT $1,894.30 oz http://charts.kitco.com/KitcoCharts/

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

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

We’re going HYYyyyyyyyyyyyyyyyyyyyyyyyyyyyppppppppEEeeeeerrrrrBOOOOooooooolic!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!

[Femacamper]

It's gonna break $1900 any second now.

[Femacamper]

Buy Gold, Silver Before It's Too Late



http://www.youtube.com/watch?v=R-HAjMNLUR8

Gold is one of the most precious metals, which not only holds its value, but also over the last decade has been on a constant rise. Stocks of gold are becoming increasingly limited every day, and as the quantity amounts available continue to fall, the prices continue to rise.

Between now and that time gold will rise the most relative to everything else, but once the economy recovers the gold price will, "normalize" however; economic recovery probably won't be for another twenty years. Investing your money in gold and silver is a great way.

Inflation is coming and there isn't any way around it. The policies that pulled us out of the recent economic crash put trillions of new dollars into circulation. Whether your goal is to protect yourself from an economic collapse or just get a hedge against future inflation, investing in gold, silver and other precious metals could be a sound strategy.

Either gold will fall or silver will rise until the ratio is closer to the historic mean. For an aggressive investor, long silver short gold will prove to be a very profitable trade.

Owning Gold has real value, with no risk of margin calls, failing companies or bankruptcies. It is the ultimate protection from inflation, monetary inflation, banking or financial crisis and geopolitical strife.

Gold is a very important investment, especially in the coming years. The demand for gold and silver continues to increase as investors lose confidence in the ability of governments to control deficit spending and reignite the economy.
Investors are leaping on to the gold wagon for all the right reasons. Continuing to show growth it is totally reliable in times of trouble and the trouble does not look to be ending soon, with indications showing further recession, and likely depression.

Gold and Silver bullion is real, honest money...and, many say, the best form of money the world has ever known.

It is a store of value and a safe haven in times of crisis.

A small amount, easily carried, can purchase a significant amount of goods and services.

It is universally accepted and can easily be bought and sold around the world.

[Letsbereal]

Utah Rep Leads 11 US States to Recognize Gold as Money
22 August 2011, by Eric King (King World News)
http://kingworldnews.com/kingworldnews/KWN_DailyWeb/Entries/2011/8/22_Utah_Rep_Leads_11_US_States_to_Recognize_Gold_as_Money.html

[Letsbereal]

Ben Davies - Why Gold Will Now Hit $2,100 Within Weeks
22 August 2011, by Eric King (King World News)
http://kingworldnews.com/kingworldnews/KWN_DailyWeb/Entries/2011/8/22_Ben_Davies_-_Why_Gold_Will_Now_Hit_$2,100_Within_Weeks.html

[Letsbereal]

GOLD NEW ALL TIME HIGH AT $1,898.60 oz http://www.marketwatch.com/story/gold-nudges-fresh-record-in-asian-trading-2011-08-22

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

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

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

[Letsbereal]

Venezuelan gold to come home soon: report
22 August 2011, by William Spain - Chicago (MarketWatch)
http://www.marketwatch.com/story/venezuelan-gold-to-come-home-soon-report-2011-08-22

Venezuela is planning to repatriate more 200 tons of gold, worth about $11 billion, AFP reports.

The precious metal store, most of which is held at the Bank of England, will come home "as soon as possible," Nelson Merentes, the president of the Central Bank of Venezuela, told the wire service late Sunday.

Venezuelan President Hugo Chavez originally announced plans to repatriate the gold last week, along with taking $6.2 billion in liquid assets and bonds held by Swiss, British, French and American banks and transferring them to institutions in "friendly" countries like China, Russia and Brazil.

[Letsbereal]

Miners on the march as gold price ticks up
22 August 2011, by Rachel Cooper (The Telegraph)
http://www.telegraph.co.uk/finance/markets/marketreport/8716795/Miners-on-the-march-as-gold-price-ticks-up.html

London’s large-caps rediscovered their lustre on Monday, with investors piling into precious metal miners as analysts at Citigroup upped their outlook for the price of gold.

[Letsbereal]

GOLD NEW ALL TIME HIGH AT $1,899.40 oz http://www.marketwatch.com/story/gold-nudges-fresh-record-in-asian-trading-2011-08-22

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

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

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

[ekimdrachir]

I cant believe how fast its gone up to 1900, once it clears that we will see 2.5k gold in no time.

[Brocke]

I cant believe how fast its gone up to 1900, once it clears that we will see 2.5k gold in no time.

Yes, let's see what happens when the NY Globex opens in 25 minutes.

[CheneysWorstNightmare]

Yes, let's see what happens when the NY Globex opens in 25 minutes.

Yeah.  Shot up!

[Kilika]

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

Seems I was a bit conservative in my timeline.

[Brocke]

Seems I was a bit conservative in my timeline.

We are entering the territory of that over used phrase "parabolic". When that happens don't be surprised to see it go up hundreds of dollars in a day.

And when you see that happen start buying food, water, batteries, ammo ect. 

[Libertarian Perspective]

I guess I should have put this http://forum.prisonplanet.com/index.php?topic=215480.msg1285323;topicseen#msg1285323 thread here

Considering that the rising price of gold and Rotshchild Zionist interests make sure that any form of resources that a country owns must be siezed and looted until all wealth is concentrated in the World Bank's hands.

[TahoeBlue]

I cant believe how fast its gone up to 1900, once it clears that we will see 2.5k gold in no time.

I think they are pushing for a temporary price collapse , then they can say what a bubble it all is.
All that is needed now is some "good news" to push the price down.

[Brocke]

I think they are pushing for a temporary price collapse , then they can say what a bubble it all is.
All that is needed now is some "good news" to push the price down.

Like this...

They are claiming that Qaddafi has fallen.


Obama's Libya Strategy Proves His Critics Wrong
http://www.businessinsider.com/obamas-libya-strategy-proves-his-critics-wrong-2011-8

Qaddafi’s Fall to Test Mettle of Libya Rebels United by Hatred of Dictator
http://www.bloomberg.com/news/2011-08-22/qaddafi-s-fall-to-test-mettle-of-libya-rebels-united-by-hatred-of-dictator.html

[Letsbereal]

GOLD NEW ALL TIME HIGH AT $1,911.52 oz http://www.goldprice.org/spot-gold.html

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

I Love Gold! http://www.youtube.com/watch?v=sr0gNJ090JA

[Femacamper]

GOLD NEW ALL TIME HIGH AT $1,911.52 oz http://www.goldprice.org/spot-gold.html

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

I Love Gold! http://www.youtube.com/watch?v=sr0gNJ090JA

One-911!

[Letsbereal]

Nichols Says Gold Will Continue to Rise Over Long Term – Bloomberg Vid http://www.youtube.com/watch?v=dXzILHVHIuA

Aug. 22 (Bloomberg) -- Jeffrey Nichols, senior economic adviser to Rosland Capital LLC, talks about the outlook and demand for gold. Nichols speaks with Carol Massar and Matt Miller on Bloomberg Television's "Street Smart."

He also speaks with Jonathan Golub, chief U.S. market strategist at UBS Securities. (Source: Bloomberg)