GOLD: Everyone’s dumber than dirt

Tuesday, July 1, 2014

http://www.lewrockwell.com/2014/06/gary-north/germany-asked-for-its-fed-stored-gold/

LewRockwell.com ANTI-STATE•ANTI-WAR•PRO-MARKET
In 2013, Germany Asked for Its Stored Gold. HaHaHaHaHa.
By Gary North
The Tea Party Economist
June 27, 2014

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In January 2013, the German central bank asked for half of its gold back. It was being stored by the Federal Reserve Bank of New York on behalf of the German government.

The Federal Reserve said: “Sure. In seven years, maybe.”

This week, the German government said: “We were only kidding. We don’t want our gold. We trust the American government.”

*** and ***

There has never been a full audit of the gold held by the Federal Reserve or at Fort Knox. “Trust us.”

If the voters in Germany go along with this, they will announce for all the world to hear: “We are dumber than dirt.”

*** end quote ***

What happened to “trust, but verify”?

Argh!

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GOLD: Smuggling into India is akin to drugs in prisons

Saturday, November 16, 2013

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November 16, 2013
Bangkok, Thailand

Thailand is known for a lot of things– quintessential white sandy beaches, hard partying nightlife, quiet Buddhist reverence…

*** and ***

And now, thanks to India’s sagging economy, they can add one more to this list: gold smuggling.

*** and ***

This constitutes theft, plain and simple. By eliminating options to hold anything other than rapidly depreciating paper, Indian politicians essentially stole the purchasing power of people’s savings

*** and ***

The World Gold Council recently released its quarterly data on global trends, and the numbers are very clear: India’s gold demand cratered, dropping 32% because of the restrictions.

In Thailand, however, gold demand is up 125% from the 3rd quarter of 2012.

*** end quote ***

Yup. The Gooferment can’t print any more commodities. Fiat currencies always go to zero.

Drugs in prisons. Humans are nature’s version of rats and roaches in a larger size.

Best way to get something done is to tell someone they can’t!

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GOLD: Cash is not a “store of value”

Sunday, October 13, 2013

http://news.yahoo.com/ap-impact-families-hoard-cash-5-yrs-crisis-042042926.html

AP IMPACT: Families hoard cash 5 yrs after crisis

Associated Press BERNARD CONDON 3 hours ago

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NEW YORK (AP) — Five years after U.S. investment bank Lehman Brothers collapsed, triggering a global financial crisis and shattering confidence worldwide, families in major countries around the world are still hunkered down, too spooked and distrustful to take chances with their money.

An Associated Press analysis of households in the 10 biggest economies shows that families continue to spend cautiously and have pulled hundreds of billions of dollars out of stocks, cut borrowing for the first time in decades and poured money into savings and bonds that offer puny interest payments, often too low to keep up with inflation.

“It doesn’t take very much to destroy confidence, but it takes an awful lot to build it back,” says Ian Bright, senior economist at ING, a global bank based in Amsterdam. “The attitude toward risk is permanently reset.”

A flight to safety on such a global scale is unprecedented since the end of World War II.

The implications are huge: Shunning debt and spending less can be good for one family’s finances. When hundreds of millions do it together, it can starve the global economy.

Weak growth around the world means wages in the United States, which aren’t keeping up with inflation, will continue to rise slowly. Record unemployment in parts of Europe, higher than 35 percent among youth in several countries, won’t fall quickly. Another wave of Chinese, Brazilians and Indians rising into the middle class, as hundreds of millions did during the boom years last decade, is unlikely.

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“Money is a matter of functions four, a medium, a measure, a standard, a store.” He repeated that four times like poetry. “Six Characters in Money: Portable – Durable – Divisible – Uniformity – Limited Supply – Acceptability.” — CHURCH 10●19●62 (Vol 1) 978-0-557-08387-9 page 110

Sorry, but “cash” isn’t money these days. While it is a “medium of exchange” and “measure”, it fails as a “standard” or “store”.

And maybe if it fails “standard”, it may be failing “measure”.

OK, it does serve as a “medium of exchange”. 

But that’s it.

Note that in disasters and civil unrest, there is no exchange.

And, the TEOTWAWKI (The End Of The World As We Know It) preppers point out you can eat money. But you can make an expensive fire and poor quality toilet paper out of it.

Let’s tackle “standard” next. What is a “dollar”? It’s got no measure. It’s purchasing power decreases year over year due to inflation. An ounce, a gallon, a meter — they don’t change.

Back to “measure”, a 100 is still a 100. But it’s like baseball and football records. How do we measure if every year they change the definition of distance?

And cash is certainly not a “store”. The “rats” are eating the “seed corn” of value.

Argh!

I suggest the preppers’ mantra — beans, bullets, bandaids, and then bullion!

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GOLDBUG: Commodity Discs

Wednesday, October 9, 2013

http://commoditydiscs.com/

Misrepresenting Commodity Discs as coins or legal tender is prohibited.

Commodity Discs are intended to be used as a PRIVATE market-driven barter currency, to be traded for goods and services as an ALTERNATIVE to legal tender.

To acquire Commodity Discs, or if you would like to accept Commodity Discs as payment, sign your business up to be listed for free on our up and coming Silver Pages Directory by emailing your info to Arlo@CommodityDiscs.com.

Learn more, place orders, give feedback and keep up to date on our Facebook Page.

https://www.facebook.com/CommodityDiscs

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The next NoFed!

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GOLDBUG: JP Morgan manipulates gold and silver

Monday, October 7, 2013

http://kingworldnews.com/kingworldnews/KWN_DailyWeb/Entries/2013/9/13_Morgan_Whistleblowers_Confess_Bank_Manipulates_Gold_%26_Silver.html

Morgan Whistleblowers Confess Bank Manipulates Gold & Silver

*** begin quote ***

In a stunning development, two JP Morgan whistleblowers have confessed that the bank manipulates the gold and silver markets. This is truly a shocking admission by the courageous JP Morgan whistleblowers. In a blockbuster King World News interview, London metals trader Andrew Maguire told KWN that the two JP Morgan employees came directly to him with hard evidence that the bank was actively manipulating the gold and silver markets.

This is a truly catastrophic event for JP Morgan, which up to now has denied manipulating these markets. Below Maguire takes KWN readers around the world on a trip down the rabbit hole as he discusses how he led the two JP Morgan employees to turn over the evidence to a law firm which specializes in high profile whistleblowers, and also to the CFTC. According to Maguire, the CFTC has virtually buried this information. Is this a cover up, or the next LIBOR scandal about to be exposed?

*** end quote ***

What a surprise.

“I’m shocked, shocked to find that gambling is going on in here!” Captain Renault in Casablanca

Manipulation of the metals allows the Banking Cartel, the OPEC of Banking, to support Big Gooferment in its robbery of the People.

Argh!

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GOLD: An EXTRA 4,000 metric tons!

Saturday, September 7, 2013

http://dailyreckoning.com/a-huge-gold-prediction-from-reality-tv/

A Huge Gold Prediction… From Reality TV
Matt Insleyby Matt Insley.Posted Aug 30, 2013.

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You wouldn’t expect to find gold under Ghana’s tan brown soil.

But it’s there. Lots of it.

Whether it’s a brand new Caterpillar 330b, a piecemeal front end loader or an army of low-paid workers, excavators are moving top soil to unearth the gold-rich gravel. I’ve seen it all.

There’s a frenzied pace in this boom-country… today we’ll take a look. But more importantly we’ll see how Ghana’s gold rush has shed light on the decade’s MOST important gold trend.

*** and ***

In short, the two American yahoos, while trying to secure a mining claim, found thousands of Chinese nationals are overtaking many of the mining concessions in Ghana. It’s illegal, but no one was stopping the brute force of the Chinese. As one local tribesman admitted, the Chinese “have guns” and aren’t easy to move from a claim.

How Do You Say “Claim Jumper” In Chinese?

If you’re watching the reality show looking for a good plot the Chinese claim jumpers make for a good antagonist. But if you’re tuned in to the show as a gold watcher, you know there’s a lot more to this story.

For starters, what the heck are thousands of Chinese nationals crawling around Ghana’s gold fields for?

*** and ***

If we do some back of the envelope math, since the country’s last “official” announcement we’ll quickly see that China could be holding an EXTRA 4,000 metric tons (or more) of gold. That’s enough gold to place them firmly as the world’s second largest gold holder.

But let’s get back to that reality TV bit above. China, the way I see it, isn’t just producing large amounts of gold and legally importing bullion from Hong Kong.

*** end quote ***

Unless you think the Chinese are stupid, why are they pursuing the “barbarous relic”?

Do they suspect that the paper chase will end when the music stops?

And what does the poor Sheeple do?

Debt and “saves” in “dollars” (whatever those are) paying the inflation tax!

Argh!

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GOLD: Gooferment can’t fool all of the people; even if they are illiterate!

Saturday, August 31, 2013

http://bullmarketthinking.com/indian-gold-dealer-gold-is-now-trading-at-1800oz-small-factories-and-workshops-are-shutting-down/

Indian Gold Dealer: “Gold Is Now Trading At $1800oz.—Small Factories And Workshops Are Shutting Down”
August 23, 2013 | By Tekoa Da Silva

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The gang acting as the “Gooferment of India” tried to suppress the free market. But the “free market” still tell the unvarnished truth!

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