Tag: GOLD

GOLDBUG: This Gold Rally Is Different For One Critical Reason

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From Birch Gold Group This week, Your News to Know rounds up the latest top stories involving gold and the overall economy. Stories include: Why the gold rally might be different this time, gold could continue to soar if the Fed keeps cutting rates, and gold and silver prices push higher following weak U.S. jobs data.

Source: This Gold Rally Is Different For One Critical Reason

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Isbitts believes that this one, however, will be markedly different. In the previous two instances, while the gold market flourished, it also had a safe-haven competitor in the form of government bonds, as the 10-year Treasury’s yields stayed between 4% and 5%.

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It certainly seems that the Gooferment bonds are no longer competitive in the “safety” dimension. Nor, would they compete on the “ROI” dimension (i.e., gold pays no interest)!

It’s a sad state of affairs the “We, The Sheeple” will find themselves in. Like Venezuela, Zimbabwe, and German Weirmar Republic.

Hope everyone is saving nickels since they are the only currently circulating US coin with any intrinsic value.

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MONEY: Virginia repeals sales taxes on money

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http://blog.tenthamendmentcenter.com/2018/01/now-in-effect-virginia-law-takes-first-step-to-support-sound-money/

Now in Effect: Virginia Law Takes First Step to Support Sound Money

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RICHMOND, Va. (Jan. 7, 2018) –  On Jan. 1, a Virginia law that repeals sales taxes from some purchases of gold and silver went into effect. It represents an important first step toward encouraging its regular use as currency and breaking the Federal Reserve’s monopoly on money.

A bipartisan coalition of delegates and senators sponsored House Bill 1668 (HB1668) and Senate Bill 934 (SB934). The legislation exempts gold, silver, and platinum bullion or legal tender coins whose sales price exceeds $1,000 from state sales tax. Each piece of gold, silver, or platinum or legal tender coin need not exceed $1,000, provided that the sales price of one entire transaction of such pieces exceeds $1,000. With gold over $1,000 an ounce, a single bullion coin will exceed this threshold.

Under the new law, the exemption will remain in place until June 30, 2022.

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This seems to be the first step to “killing” the Fed.

It’s a backdoor way but who cares how we can do it. Just that we do!

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MONEY: Bitcoin “Not Backed”; so what “backs” FRNs?

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https://fee.org/articles/fed-official-decries-bitcoin-as-not-backed/

Friday, December 01, 2017

Fed Official Decries Bitcoin as “Not Backed”
Bitcoin is backed by the use value of the distributed ledger in the underlying technology of the Blockchain.
by  Jeffrey A. Tucker

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Randal K. Quarles, a Trump administration appointee to the Federal Reserve Board of Governors and Vice Chair for bank supervision, has given a lengthy speech (“Thoughts on Prudent Innovation in the Payment System”) that directly targets Bitcoin as a danger to the monetary and financial system.

To reiterate, an official speaking for the nation’s central bank that manages the global reserve currency – the institution that has long bragged about its power to bail out the entire world with the magic powers of the alchemist – has put down Bitcoin for being untrustworthy, unbacked, and unsound.

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Will someone please tell me what is backing up the current Federal Reserve Notes that pass for “money” today?

I can’t believe the hubris of some people.

The Federal Reserve Note, since 1970, has lost 99.99% of its value. There maybe even some 9’s at the end of that percentage.

I’m just shaking me head at this “attack” on bitcoin.

I’m speechless.

You should be too.

Save your nickels! It’s only thing worth anything — it still has some silver content. For now!

Argh!

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TINFOILHAT: Am I Asking the Wrong Questions?

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http://deviantinvestor.com/7070/asking-the-wrong-questions/

Asking the Wrong Questions
Posted on June 3, 2015 by Gary Christenson

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We often hear (the wrong) questions such as:

What did politicians know about that scandal?
Will the stock market rally another year?
{Extraneous Deleted}
What happened to penny candy?
How much longer can “they” hold it together?
Will gold prices ever get to $2,000?
And 101 more…

In my opinion these are often the wrong questions. Ask better questions and we receive more relevant answers.

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Garbage in, garbage out! Ask better questions and the answers will be more useful. The same thinking that brought the world to this point will not be helpful in solving the problems that threaten our financial well-being.

Gary Christenson

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I find this funny because HRC won’t answer questions, BHO just flat out lies (i.e., keep your doctor), and politicians just stall until you give up.

Sharyl Attkisson just gave written testimony how the Gooferment evades and stonewalls FOI requests.

And, everything Gooferment plans to do is either classified, secret, or redacted.

So, when the author cites Groucho, I understand.

“Who are you going to believe, me or your own eyes?” —Groucho Marx

It’s related to: “I wouldn’t believe you, if your tongue came notarized.” … attributed to Judge Marilyn Milian, but may have an earlier history.

I see an county that is going quickly in the wrong direction, but have no idea how to stop it.

Argh!

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GOLDBUG: Gold, Silver, and Oil

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http://www.marketoracle.co.uk/Article41457.html

Gold and Silver Investors Greatest Secret Weapon
Commodities / Gold and Silver 2013 Jul 18, 2013 – 04:01 AM GMT

By: Steve_St_Angelo

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As the FED turns up the heat in the central bank frying pan, the frogs (public) don’t realize they are being cooked to death by inflation. I am quite amazed how loud the sizzling sound has become, but for some odd reason hardly anyone notices it.

Unfortunately, we are well past the point of no return. It’s only a matter of time now before the whole “Financial Cliff” falls off the mountain side. Until then, gold and silver investors will have to put up with some of the worst analysis ever to come out of government and MSM.

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Another indication that “someone” is cooking the books.

In a free market, commodities don’t diverge from glacial trends.

Of course, as a tin foil hat, I suspect manipulation.

The FED can print “dollars”, but they can’t print gold, silver, oil, land, food, water, bandaids, or bullets.

This is all a fraud being pulled on the Sheeple and Clovers.

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GOLDBUG: Waiting lists for coins and bars?

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http://www.telegraph.co.uk/finance/personalfinance/investing/gold/10028183/Gold-buyers-forced-to-go-on-waiting-list.html

HOME»FINANCE»PERSONAL FINANCE»INVESTING»GOLD
Gold buyers forced to go on waiting list
Gold buyers are having to wait up to six weeks for their bars and coins after a price dip led to increased interest.

By Rosie Murray-West3:55PM BST 30 Apr 201358

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Investment company Physical Gold said there were waiting lists of three weeks for some coins, and four to six weeks for gold bars. “Previously all would have been available within a few days,” the company said.
The company said that it had seen a 50pc increase in enquiries about purchasing gold and a 35pc increase in sales, with people buying tax-free gold coins. “We are now starting to experience physical gold shortages,” said Daniel Fisher, CEO of Physical Gold.

“In particular there are waiting times on some gold bars and a real difficulty in obtaining mixed year Sovereigns. “However, many clients are willing to ‘do a deal’ and wait for delivery as they want to secure the current price as they feel it will be higher in the near future.”

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Yeah, the price drops on “paper” gold, but premiums (seniorage) on “hard” gold goes up.

Now who doesn’t think the Sheeple and Clovers aren’t being manipulated?

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GOLD: Gold bug died unnoticed; at least the state didn’t get it!

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http://gma.yahoo.com/blogs/abc-blogs/calif-teacher-inherits-recluse-cousins-7-million-gold-192002163–abc-news-topstories.html

Calif. Teacher Inherits Recluse Cousin’s $7 Million in Gold

By Christina Ng | ABC News Blogs – Wed, Dec 19, 2012 2:20 PM EST

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Samasko, 69, died in May due to heart problems and was not discovered until June when neighbors complained of an odor coming from his house.

When authorities went to clean out his Carson City home, they found boxes of gold coins in his home and garage.

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The story leaves out that the Government tried to claim the windfall.

On Christmas Day, remember all the old gold bugs with no one.

p.s., it is DUMB to hoarde in your own place. The gooferment or the bureacrats will steal it all. That’s why pirates buried their treasures.

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