ALERT !!GOLD BEING MANIPULATED BY NWO!!!!!

[Spectre]

http://www.jsmineset.com/home.asp?RQ=EDL,1&sPID=4&linkid=3806

Jim Sinclair is primarily a precious metals specialist and a commodities and foreign currency trader. He founded the Sinclair Group of Companies (1977), which offered full brokerage services in stocks, bonds, and other investment vehicles. The companies, which operated branches in New York, Kansas City, Toronto, Chicago, London and Geneva, were sold in 1983.

From 1981 to 1984, Mr. Sinclair served as a Precious Metals Advisor to Hunt Oil and the Hunt family for the liquidation of their silver position as a prerequisite for the $1 billion loan arranged by the Chairman of the Federal Reserve, Paul Volker.

He was also a General Partner and Member of the Executive Committee of two New York Stock Exchange firms and President of Sinclair Global Clearing Corporation (commodity clearing firm) and Global Arbitrage (derivative dealer in metals and currencies).

In April 2002, shareholders of Tan Range Exploration approved the acquisition of Tanzania American International, a company controlled by the Sinclair family, for shares in Tan Range. Following this transaction, Mr. Sinclair became Chairman of Tan Range and now leads its efforts to become a gold royalty company.

He has authored numerous magazine articles and three books dealing with a variety of investment subjects, including precious metals, trading strategies and geopolitical events, and their relationship to world economics and the markets. He is a frequent and enormously popular speaker at gold investment conferences and his commentary on gold and other financial issues garners extensive media coverage at home and abroad.

In January 2003, Mr. Sinclair launched, "Jim Sinclairs MineSet," which now hosts his gold commentary and is intended as a free service to the gold community.

(CIGA = Comrade in Golden Arms)

Jim’s Formula:
September 1, 2006

   1. First interest rates rise affecting the drivers of the US economy, housing, but before that auto production goes from bull to a bear markets.
   2. This impacts many other industries and the jobs report. An economy is either rising at a rising rate or business activity is falling at an increasing rate. That is economic law 101. There is no such thing in any market as a Plateau of Prosperity or Cinderella - Goldilocks situations.
   3. We have witnessed the Dow rise on economic news indicating deceleration of activity. This continues until major corporations announced poor earnings, making the Dow fall faster than it rose, moving it deeply into the red.
   4. The formula economically is inherent in #2 which is lower economic activity equals lower profits.
   5. Lower profits leads to lower Federal Tax revenues.
   6. Lower Federal tax revenues in the face of increased Federal spending causes geometric, not arithmetic, rises in the US Federal Budget deficit. This is also true for cities & States as it is for the Federal government.
   7. The increased US Federal Budget deficit in the face of a US Trade Deficit increases the US Current Account Deficit.
   8. The US Current Account Balance is the speedometer of the money exiting the US into world markets (deficit).
   9. It is this deficit that must be met by incoming investment in the US in any form. It could be anything from businesses, equities to Treasury instruments. We are already seeing a fall off in the situation of developing nations carrying the spending habits of industrial nations; a contradiction in terms.
  10. If the investment by non US entities fails to meet the exiting dollars by all means, then the US must turn within to finance the shortfall.
  11. Assuming the US turns inside to finance all maturities, interest rates will rise with the long term rates moving fastest regardless of prevailing business conditions.
  12. This will further contract business activity and start a downward spiral of unparalleled dimension because the size of US debt already issued is of unparalleled dimension.

Therefore as you get to #12 you are automatically right back at #1. This is an economic downward spiral.

I heard all this "slow business" as negative to gold talk in the 70s. It was totally wrong then. It will be exactly the same now.

[TimeLady]

thanks for the link

also, $1200 gold can't be a good thing, at all

[New Whirled Order]

mind linking? I don't know who Jim Sinclair is, and I'm sure if I find his website I'll have trouble finding the article or articles you're talking about.

Sorry for not including the link....

Jim Sinclair's blog does an excellent job of exposing the daily spin and outright lies in the financial news, as well as shedding light on major news stories that receive little to no coverage by the talking heads on the financial cable TV channels.  I would recommend reading it every day even if you don't own gold, nor ever plan to own any gold.

http://www.jsmineset.com/   

[Brocke]

Found this interesting.



http://www.sharelynx.com/chartstemp/DowGoldRatio.php

[New Whirled Order]

If any of you are worried about buying in at these prices, I invite you to pull up a customized 5-year chart for gold and silver and look what happened during the Summer of 2006.  This Summer is almost an exact repeat of what happened two years ago.  After the correction the bull resumed, and the price began moving upward again just like it will this time as well.

Go here http://www.goldseek.com/

And here http://www.silverseek.com/

And create your own 5-year customized chart for each.  Look for the 5-year box in the upper right hand corner above the chart, then expand it.  I don't know how to do a screen-shot, otherwise I would post it here for you.

[Brocke]

Thanks for those links.

I found a couple of good sites for charts here

http://www.chartsrus.com/
http://www.sharelynx.com/chartstemp/FreeCharts.php

[dystopia]

Just got me a couple SAEs for 19.95 at the local pawn shop, not a bad collection of good, cheap shotguns either. That's the cheapest I've found them, the coin shop wanted 25.00(!) but would go down to 23 for more than 5. The current spot price is in the low 17s for future reference.

If you look at the online prices you won't get them for less than 21-22 per ounce after all the shipping and added bogus charges.

Real silver has been on the rise all along and this latest non-move by the Fed will drive it even higher. I figure I'm gonna keep buying until they stop selling them.

I think pawn shops may be becoming more competitive on selling price because people can't afford to pick their stuff back up and that's where they usually make their money.

I say buy as many as you can until they're gone and get to know your local shop owners.

[New Whirled Order]

Just got me a couple SAEs for 19.95 at the local pawn shop, not a bad collection of good, cheap shotguns either. That's the cheapest I've found them, the coin shop wanted 25.00(!) but would go down to 23 for more than 5. The current spot price is in the low 17s for future reference.

If you look at the online prices you won't get them for less than 21-22 per ounce after all the shipping and added bogus charges.

Real silver has been on the rise all along and this latest non-move by the Fed will drive it even higher. I figure I'm gonna keep buying until they stop selling them.

I think pawn shops may be becoming more competitive on selling price because people can't afford to pick their stuff back up and that's where they usually make their money.

I say buy as many as you can until they're gone and get to know your local shop owners.

Any SAE's you can get for under $20 are considered a pretty good deal right now.  My local dealer wants $22.50 each for the 2008's, which I am not willing to pay.  I've just been buying 90% silver (Peace dollars, Morgans, etc.) ever since SAE's began carrying these excessive premiums.

[New Whirled Order]

It's on now folks....

Gold @ $984.35 and climbing - We could possibly be knocking on the door of $1000 today!

Silver @ $19.36 and climbing

USDX @ 71.45 - I believe this is a new low for the US dollar. 

[Spectre]

I think 71.37 is the lowest recent low but I don't think it'll be long before this is broken.

European and Far Eastern markets have taken a hammering today. If I could get this stupid attachment thing to work I'd post a screen shot jpeg.

[New Whirled Order]

I think 71.37 is the lowest recent low but I don't think it'll be long before this is broken.

European and Far Eastern markets have taken a hammering today. If I could get this stupid attachment thing to work I'd post a screen shot jpeg.

I didn't realize that it had already been down in the low 71's before....  Must've happened when I wasn't watching.   

[IridiumKEPfactor]

Right now it takes 1.601 dollars just to by one Euro.

[Spectre]

http://chartseeker.com/charts.php?l=h&t=USDX

I have a feeling that the USDX actually went below 71 at some time in the recent past - possibly intraday. Maybe the figures shown in the charts (follow the link) are the closing prices?

[New Whirled Order]

http://chartseeker.com/charts.php?l=h&t=USDX

I have a feeling that the USDX actually went below 71 at some time in the recent past - possibly intraday. Maybe the figures shown in the charts (follow the link) are the closing prices?

I believe you are correct.  Intraday prices are not charted - only the closing prices.

Thanks for that link.

[Spectre]

I'm no expert on the reasons for gold's slight decline but as I understand it there could be two main reasons:

1. Manipulation - Gold is seen as a barometer of the economy. The higher the price of gold goes the worse shape the economy is in so the Powers that Be, through the Plunge Protection Team and their minions, keep gold and silver suppressed. (That's why it is a great time to buy - CHEAP GOLD AND SILVER until they lose control of it  )

2. Margin calls - Holders of options and futures contracts will get calls to deposit additional cash with their brokers as stock markets fall (kind of like a deposit to ensure they have the funds available to meet their financial obligations). One of the ways they have to raise the required funds is to sell other assets - like gold etc. Don't forget that some of the holders of options and futures will be big investment funds, pensions etc so there could be a lot of assets being sold in order to meet the margin calls.

[adissenter2]

golds decline? are you all high?

just wait when it catches up with the inflated prices of everything else

[Spectre]

Even though the U. S. Economy is being held up by humongous debt, are you saying the price of gold dropping fast means our economy is doing well?

I'm saying that they are trying to give the impression that the economy is doing okay by suppressing the price of gold. If the economy was genuinely doing well they wouldn't have to suppress gold as the dollar would be riding high.

The economy is toast.

[thadividedsky]

The moneymasters certainly pumped tens of billions, if not hundreds of billions, into the market today. 200+ points whilst banks are failing, americans are losing homes as well as other assets and trillions worth of debt that's about to inwind on us. I think gold will be $1,000 very very soon. It's only a matter of time till the next bank goes under and people start to really panic. TPTB and the PPT can't do this forever. It's like the saying "you can fool some of the people all of the time, all of the people some of the time, but you can't fool all of the people all of the time". Their jig will be up soon, the longer they prolong this crisis the worse off everyone, including them, will be. As I write this, gold is at $959.80 and is going up. Lets see how the asian markets do tonight and watch how gold responds to the manipulation today.

[Kilika]

Yeah, yesterdays stock "ralley" of the Dow should be proof enough these clowns are intentionally manipulating the markets. And its up again today! What a scam. With all the bad news, and the market jumps nearly 300 points on word that Wachovia had better than expected report? WHATEVER!

[HiQConsoul]

Sorry for taking this partly OT with this post, but I've been meaning to ask this question for quite some time now as I seem unable to figure it out for myself... Plz, point me in direction of videos (documentaries pref.) or other info regarding this..


WHY GOLD? (and/or silver)

I mean, I know gold has throughout time been very sought after and a popular 'mineral'(?) and all that.. But why is GOLD that special? I don't get it..

Also why would buying gold help *me* (or anyone else) in case we go into a resistance vs occupation war / ww3 / ww4 (ww watever)? What exactly is any of us gonna be using GOLD for?

I might be able to recognize/acknowledge the fact that gold and silver can be 'remelted' and formed into objects of practical purpose, forks spoons plates knives swords maces body armor, not to forget bling bling for the ladies, etc etc... But is that seriously the reason why? Is gold/silver the easiest way to make desired items? I'd think the use of iron or if possible without major incorporation (incorporation might be a misleading /out of context word, if so, soz) plastic - to be more efficient crafting materials, heck even wood and leather seems more easily processed to acquire that of one's desire... I do tho think that gold/silver might be more durable/have a greater longevity but tbh I still deem woodworks/iron and such more efficient/economically efficient..

I dunno..

Someone, anyone, please help me out on this one..

[Kilika]

Theres way too many links to point to that will expalin the properties of gold and why its so valuable, but basically it doesn't corrode, and has an extremely high quality for use in electronics, and its value has remained steady for literally centuries. Theres a multitude of uses, but the electronics reasons are a huge reason these days. Also there is generally a known supply of it, so its reasonably easy to establish it as a reference of value.

And its shiny!

[Brocke]

Sorry for taking this partly OT with this post, but I've been meaning to ask this question for quite some time now as I seem unable to figure it out for myself... Plz, point me in direction of videos (documentaries pref.) or other info regarding this..


WHY GOLD? (and/or silver)

I mean, I know gold has throughout time been very sought after and a popular 'mineral'(?) and all that.. But why is GOLD that special? I don't get it..

Also why would buying gold help *me* (or anyone else) in case we go into a resistance vs occupation war / ww3 / ww4 (ww watever)? What exactly is any of us gonna be using GOLD for?

I might be able to recognize/acknowledge the fact that gold and silver can be 'remelted' and formed into objects of practical purpose, forks spoons plates knives swords maces body armor, not to forget bling bling for the ladies, etc etc... But is that seriously the reason why? Is gold/silver the easiest way to make desired items? I'd think the use of iron or if possible without major incorporation (incorporation might be a misleading /out of context word, if so, soz) plastic - to be more efficient crafting materials, heck even wood and leather seems more easily processed to acquire that of one's desire... I do tho think that gold/silver might be more durable/have a greater longevity but tbh I still deem woodworks/iron and such more efficient/economically efficient..

I dunno..

Someone, anyone, please help me out on this one..

Commodities are the real "demand" items that will have value when TSHTF:

• Clean Water
• Liquor
• Medicine
• Food
• Gasoline
• Firearms & Ammunition
• Clothing

When you have these item you can trade them. A bottle of whiskey for a box of ammo or a can of gas for penicillin.

Well you can't carry a lot of this stuff around with you. How much water could you carry on foot? So you would need to store it. Lets say you are able to store say, $50,000 worth of these items you would need a lot of space and it would be vulnerable to theft.
You need a commodity or item that everyone agrees is worth something and is relatively small in terms of it's value. How much water could you buy with a back pack full of gold coins?

Gold and silver are just the barter currency. They also have other uses as metals so they will always be around and in demand. When the depression sets in there will be less mining and the supply will slow or stop increasing. This will give the existing gold and silver more value.

Dose that explain it in a way that makes sense?

[HiQConsoul]

Commodities are the real "demand" items that will have value when TSHTF:

• Clean Water
• Liquor
• Medicine
• Food
• Gasoline
• Firearms & Ammunition
• Clothing

When you have these item you can trade them. A bottle of whiskey for a box of ammo or a can of gas for penicillin.

Well you can't carry a lot of this stuff around with you. How much water could you carry on foot? So you would need to store it. Lets say you are able to store say, $50,000 worth of these items you would need a lot of space and it would be vulnerable to theft.
You need a commodity or item that everyone agrees is worth something and is relatively small in terms of it's value. How much water could you buy with a back pack full of gold coins?

Gold and silver are just the barter currency. They also have other uses as metals so they will always be around and in demand. When the depression sets in there will be less mining and the supply will slow or stop increasing. This will give the existing gold and silver more value.

Dose that explain it in a way that makes sense?

I totally understand what you're telling me here...

Yet it raises another question.. actually the same question, perhaps just more refined..

Why gold? I mean yes, currency/money has always to me resembled fx an amount of work, 3 hours of woodchopping = 50$ , and 6 hours of dishwashing = 50$ , and 1 loaf of bread = 1$ , so the baker gets 1$ worth of woodchopping for 1 loaf, and 1$ worth of dishwashing for 1 loaf .. These are fanatasy land estimates no doubt, but I see the idea and how it works.. (I hope? lol)

But what makes gold that which we agree on as being the currency/money? If I have a load of food and other commodities, and I trade it for gold, what am I gonna use the gold for? Yes I would use it to buy/exchange for wanted/needed commodities, but in the end, someone will be left with gold which they can use for wat?

Or perhaps the gold is supposed to never 'stay still' and keep 'circulating' as a 'value representative' so to speak..?

Ugh, I fear my question goes too far and beyond that which I myself can comprehend, thus making me unable to really comprehend any answer, regardless of how right, elaborate and/or explanatory it might be...

If you can see what I mean/where I come from, please do try to articulate my question properly for me and provide an answer you'd think I could understand, until then I guess I'll have to do some more creative imaginatory thinking and find out what exactly I mean..

Anyways, thx brocke, ur answer did, regardless of my further issues, provide some sort of an answer to my original question.

[RollerCam]

WHY GOLD IS GOOD: 1) Portability and 2) liquidity.

You can easily fit $250,000 of gold coins in a shoebox at today's prices.

Buy it and keep it near you... I wouldn't even trust toilet paper in a "safe deposit" box.

[HiQConsoul]

WHY GOLD IS GOOD: 1) Portability and 2) liquidity.

You can easily fit $250,000 of gold coins in a shoebox at today's prices.

Buy it and keep it near you... I wouldn't even trust toilet paper in a "safe deposit" box.

Hmm yes, but without the dollar, it'd just be gold, plain old good for nothing (except bling) gold.. yea? or? (yes I, as stated an above posts, do realize that entire objects can be made out of gold but that requires quite a lot of gold, and the object to my knowledge becomes rather heavy, if not to say impractically heavy..
Hereby not said that the dollar idea could'nt ezmode be exchanged with fx a resistance currency re-adding a value so to speak, to the gold..

I dunno it doesn't seem to me like Im making a whole lot of sense.. If not, plz just disregard lol..

[Brocke]

Yet it raises another question.. actually the same question, perhaps just more refined..

Why gold? I mean yes, currency/money has always to me resembled fx an amount of work, 3 hours of woodchopping = 50$ , and 6 hours of dishwashing = 50$ , and 1 loaf of bread = 1$ , so the baker gets 1$ worth of woodchopping for 1 loaf, and 1$ worth of dishwashing for 1 loaf .. These are fanatasy land estimates no doubt, but I see the idea and how it works.. (I hope? lol)

But what makes gold that which we agree on as being the currency/money? If I have a load of food and other commodities, and I trade it for gold, what am I gonna use the gold for? Yes I would use it to buy/exchange for wanted/needed commodities, but in the end, someone will be left with gold which they can use for wat?

The quick answer is "Force of habit". People like what they are familiar with and gold & silver have been the default currency (and choice of the elite) for centuries.

The long answer is that in this modern age of plenty it is very hard to comprehend the value of everyday items and how hard it would be to store and transport any amount of them any long distance. We are so used to walking or driving a few blocks and buying anything we want for very little that it has become incomprehensible to most people how valuable these items really are.

It does not have to be gold and silver. Lets say that our electricity was cut off. Within weeks people would be killing each other for AA batteries! That sounds ridiculous when at the moment you can buy a years supply at the nearest 7-11. There will always be some things that money can't buy and those items will be worth more than any "exchange commodity". Who knows, gold and silver could have no value at all in the near future, but I doubt that.

If you want to stockpile items that will be worth a fortune in the next 10 years try: Coffee, good quality Chocolate, Ammunition, Gasoline, good quality liquor, long life batteries, water filters, sugar, cigarettes (even if you don't smoke), tools.

[HiQConsoul]

The quick answer is "Force of habit". People like what they are familiar with and gold & silver have been the default currency (and choice of the elite) for centuries.

The long answer is that in this modern age of plenty it is very hard to comprehend the value of everyday items and how hard it would be to store and transport any amount of them any long distance. We are so used to walking or driving a few blocks and buying anything we want for very little that it has become incomprehensible to most people how valuable these items really are.

It does not have to be gold and silver. Lets say that our electricity was cut off. Within weeks people would be killing each other for AA batteries! That sounds ridiculous when at the moment you can buy a years supply at the nearest 7-11. There will always be some things that money can't buy and those items will be worth more than any "exchange commodity". Who knows, gold and silver could have no value at all in the near future, but I doubt that.

If you want to stockpile items that will be worth a fortune in the next 10 years try: Coffee, good quality Chocolate, Ammunition, Gasoline, good quality liquor, long life batteries, water filters, sugar, cigarettes (even if you don't smoke), tools.

Hm thx a lot.. It doesn't ease my mind but it does seem to answer my question.. And btw since I live in a 27 square meters apt I'm not gonna be stockpiling anything at all.. Altho since I do have a grow tent I guess I could try to stockpile any weed I grow, but that requires me to not smoke it all myself, and well, since that hasn't happened yet I doubt it will just cuz I have a new motivation called 'do or die motherf**ker' .. lol.. I doubt I'll die, if I can find another way of 'making a living' in the era of shitfanning, effectively counteracting the motivation.. we'll see I guess

But just to clear it up.. Like paper, gold only has value 'cuz we say it has' .. right? - Cuz we all agree on it being 'the way' to do things..?
Unlike bread fx, it holds the value of nutrition, wood the value of being able to provide a lasting fire as well as being a resource for crafting, gold mostly holds the value of being 'blingy', unless provided in massive amounts in which case one could build, say, a spaceship that would be destroyed with far greater effort than any other (ok, most other) material.. does radioactivity pass thru gold btw? just a thought on gold as minimum material for spacecrafts and other sci-fi stuff...

turned intio *minor* ramble, soz..

[Brocke]

Recreational drugs will also be in short supply and high demand. But I would avoid such talk on this forum, you might as well just send an email straight to the DEA.

But just to clear it up.. Like paper, gold only has value 'cuz we say it has' .. right? - Cuz we all agree on it being 'the way' to do things..?
Unlike bread fx, it holds the value of nutrition, wood the value of being able to provide a lasting fire as well as being a resource for crafting, gold mostly holds the value of being 'blingy', unless provided in massive amounts in which case one could build, say, a spaceship that would be destroyed with far greater effort than any other (ok, most other) material.. does radioactivity pass thru gold btw? just a thought on gold as minimum material for spacecrafts and other sci-fi stuff...

That's right. It only hold it's value because people say it has value. Another trick of the elite, they chose two metals that are not plentiful and difficult to accumulate without a large workforce.

Just a note, Diamonds are absolute rubbish. Worthless. Don't invest in diamonds.

[baldguy]

HiQconsoul, I think what bothering you is the human need to acquire wealth and not just needs. Why do crows gather shiny things? I do not know.

[ghardy]

Recreational drugs will also be in short supply and high demand. But I would avoid such talk on this forum, you might as well just send an email straight to the DEA.

yea, but deadly pharmaceuticals wont be.  Eat lots of prozac, but dont try growing a natural plant God gave us.  And those assholes who enforce this shit go home and guzzle alchohol. 

also, regular commodoties vary in price so much, it's hard to tell what they are worth for real; case in point: gatorade at wal-mart is 59 cents....go to a store on the corner in your neigborhood, and it's 2 bucks.

[Kilika]

Gold is down to the 950's, and the Dow is looking at a second straight 200+ day! Just because they artificially dropped the price of oil. What a scam.

[HiQConsoul]

HiQconsoul, I think what bothering you is the human need to acquire wealth and not just needs. Why do crows gather shiny things? I do not know.

This is an easy one.. the first part I mean..

The 'feel of need' to acquire wealth, wealth being funding beyond immediate needs, also called, saving up.. is so that one has funds for a 'rainy day' or in order to acquire things which are normally out of one's reach with the current income..

the second part, about crows... well.. my best guess would be that they're 'mesmerized' or otherwise en(instert word of proper context and situational description) (would enthralled be a right word to use here, otherwise, go with entertained) by the 'bling bling' effect of shiny objects ..

- see I can be smart, just not all the time... *puff* hey, I'm only human, but don't underestimate me on that statement, for I am also.. 'HUMAN!'


edit: my questions seem to effectively have trolled the thread / partially hijacked it.. BACK ON TOPIC, GOLD VALUE IS DROPPING! ZOMG PANIX0rZ! WHATEVER SHALL WE DO.. there I think that puts it at least in part properly, back on track

[Defend America]

The gold price fluctuations are revenue raising for the Jew war machine which has hijacked the US political and defense establishments.

The real dirt on Obama is that as a US Senator he is happy to go along with the 911 coverup, Bush says he saw the first impact in Florida.

THE PRESIDENT: I was sitting outside the classroom waiting to go in, and I saw an airplane hit the tower — the TV was obviously on. And I used to fly, myself, and I said, well, there’s one terrible pilot. I said, it must have been a horrible accident. But I was whisked off there, I didn’t have much time to think about it. And I was sitting in the classroom, and Andy Card, my Chief of Staff, who is sitting over here, walked in and said, “A second plane has hit the tower, America is under attack.” PP

The first strike was not broadcast live by the networks, so his people must have had a live link, Obama shows no concern.

The shots of the Pentagon taken immediately after impact and before the damaged facade had collapsed, showed a hole about the size of a suburban garage… no sign of a plane at all, and no trace of a plane in Pennsylvania, despite continuing assertion that The Happy Schmooligans blasted Flight 93 out of the sky, plenty of paper strewn across the landscape and burn marks in the trees, but no plane.

Flight 93 was reported by 9 News landing in Cleveland Hopkins Airport & confirmed by U.S. Airlines… “A Boeing 767 out of Boston made an emergency landing Tuesday at Cleveland Hopkins International Airport, United identified the plane as Flight 93.

Obama seems happy that the Rupert Murdoch news people intermittantly come up with tapes they say are Osama bin Laden, then they say all kindsa sh*t about Al Quaida, next thing someone is on about Memri… or Mockingbird… or Cointelpro… Jstor...

There is another group spoken of only in whispers, in places where it is no secret that 911 is an inside job… they know it was cos it was them who pulled it off, Sayeret Matkal Sayeret Matkal Sayeret Matkal Sayeret Matkal they are Jew terrorists... are you sure Obama would make a good President.

[New Whirled Order]

Just to clarify something....

This thread was actually started on March 19th when gold began to sink from its all-time high of $1000+, so the thread title really doesn't apply today.  I have continued to bump this thread rather than starting a whole new one if there was anything worth mentioning in gold's action.

A permanent gold/silver precious metals "sticky thread" would be a very good idea for this forum IMHO, but it certainly is not my call to make.

[Spectre]

Gold (and silver) is a way of preserving wealth. Okay, sometimes it is used as an investment or to make more money when it is in short supply (or huge demand) but it's historical purpose has been to preserve wealth. Unlike leather or wood you can't just grow or breed more of it.

Paper money can be physically destroyed or it's implied wealth can be inflated away or destroyed by other political means.

Nations throughout history have generally stored their wealth in precious metals.

It takes physical effort to find, mine and mint the gold that is left buried in the earth. The more you find - the less there is left to find. You cannot make it.

If you were going to go into a war period knowing that you were not going to come out of it then gold is probably of no use to you. Nothing is. But if you know (or hope) that you'll survive you will want some way of preserving your current assets so that you can rebuild your life/infrastructure after the war/recession/depression/upheaval. For most people and governments gold or silver would fit that bill.

If you have other commodities, such as water, food, ammo etc you can trade them for gold. The gold you get in return can be used to buy more supplies for yourself or to help you after the upheaval has passed. If food is extremely scarce it may be worth more than the gold (briefly) but once it has been eaten or rotted or no longer fit for eating it is gone. Gold remains forever but like I say, if you don't survive the upheaval, nothing is going to be of any worth to you.

Food can still be used after the upheaval but its value may drop considerably. Same with ammo. Building materials may increase in value depending on what the upheaval was. Was infrastructure destroyed? Is there a new industrial age or prosperity coming?

If the upheaval was a war then steel will be available in huge quantities - scrap vehicles, destroyed buildings, tanks etc.

Gold is probably more use to individuals than silver as a preserver of wealth as it is takes up a much smaller space. However, silver has a huge amount of industrial/medical uses and more are being discovered every day.

If you thought there would be a huge market for cheese following a war or a depression (and people would be able to pay for it) then you could preserve your wealth by stockpiling cheese. The problem would be that it would take up a huge amount of space to store just a few thousand dollars worth of cheese, you'd have to refrigerate it, protect it against the elements, protect it against vermin and a whole heap of other problems. It would be very difficult to preserve its usefulness as food/nutrition.

You could list similar problems for almost every other commodity whether it was wood, leather, beans, flour, oil, petrol/gasoline, water, good growing soil, clean air, fish, cement, steel etc. Diamonds might be a good alternative but as Alex keeps pointing out, they are only rare as their supply is artificially restricted by the big diamond families (De Beers and Oppenheimers?). In reality diamonds are only semi-precious. I seem to think that diamonds can burn too.

Gold won't corrode and needs no special storage conditions. You could even leave it buried under the ocean floor, a field, a peat bog, or a cesspit for centuries. It'll still be there in its original form when it is rediscovered.

There is a finite amount of gold available. It can't be manufactured from combining other materials despite the best efforts of alchemists.

A lot of the world's discovered silver has been used in industrial processes. It can never be reclaimed. Almost all of the gold that has been discovered and processed still exists today. It never loses its original properties.

[GentlemanVillain]

Gold is a currency. Don't just think of it as a commodity like corn or wheat etc. It is a currency.

1000$ Gold is nothing. The Sh8t is gonna hit the fan and then gold will probably be impossible to obtain at any price. Right now, the foreigners that buy US debt are finally realizing that the US is hopelessly bankrupt. They're only propping up the dollar long enough to secure their assets. This might only last for a few more months.

I believe that the Neocons and Zionists will attack Iran when the dollar implodes.....and no currencies will be safe (not even the Euro).... Gold is the only currency that will survive a war with Iran.

Don't think for a second that IRan war isn't coming. The US military is already abandoning posts in Afghanistan because there isn't enough manpower. The only way the Neocons can keep their mid-east war machine is to force a confrontation with Iran and create the circumstances necessary for starting a draft. THERE WILL BE WAR. Otherwise, the entire Zionist and Neocon agenda since 911 will be completely destroyed. If there isn't a draft,  Iraq and Afghanistan will fall to the Iran/Russia/China alliance. The Neocons will NEVER let this happen without a fight. THERE WILL BE WAR

[New Whirled Order]

I would like to thank the banking cartel for yet another excellent gold and silver buying opportunity! 
 
This temporary boost in the value of the US dollar is nothing but a head-fake.  It will not last.


On another note: Did any of you see what happened to the price of platinum?  At the time of this writing, it's all the way down to $1535/oz after holding ~$2000-$2200+ for a period of several months.  This drop is being attributed to lower demand in the auto industry (catalytic converters).   

[Real Truth]

You actually thought that gold would go up especially when IMF says they will in-trade which will plummet the price.... no comment I wouldn't invest in gold

They already know that were going to invest in gold, especially when they own most of gold there going to manipulate it at will but thats just what I think I could be wrong..

[New Whirled Order]

You actually thought that gold would go up especially when IMF says they will in-trade which will plummet the price.... no comment I wouldn't invest in gold

Gold already has gone up, so I have no idea what you're talking about.  IMF gold sales are from central bank to central bank - doesn't affect the available pysical supply whatsoever.

Don't invest in gold.  I'm certainly not trying to tell you what to do.  You're on your own.  This thread is for others here who already have.   

[New Whirled Order]

They already know that were going to invest in gold, especially when they own most of gold there going to manipulate it at will but thats just what I think I could be wrong..

We all know these markets are heavily manipulated, but there is a limit to how far it can be taken.