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even an idiot can figure this out..... Got gold got silver!!!!!!!!!!!!!!!!!!!!!!!!
cgfia will be worth gozillions....
http://www.zerohedge.com/article/mint-start-selling-2011-american-eagle-silver-coins-75-premium-paper-senators-propose-elimin
it's still coming and u cannot stop it.
http://www.spiegel.de/international/world/0,1518,770875,00.html
it's coming...............
Soros added that "there are fundamental flaws that need to be corrected." The core flaw, says Soros, is that the euro is not backed by a political union or joint treasury, so when something goes wrong with a participating country, there is "no provision for correction."
Soros said that it is "probably inevitable" that highly indebted countries will be given a way to quit the euro.
Gold has been the strongest currency in the world in recent years and all major fiat currencies, including the Swiss franc, have fallen against it. Should Greece revert to drachmas, Ireland to punts, Spain to pesetas, Italy to lira and Portugal to escudos, these countries would suffer massive inflation and the price of gold would surge in terms of these local currencies.
Given Soros view that “we are on the verge of an economic collapse” and his oft repeated deep concerns about the U.S. dollar, it is very possible that he is accumulating gold in allocated accounts away from the spotlight of the media and the public.
London Good Delivery gold bars (400 oz) can be bought in volume at much the same prices as the gold ETF. They can be stored at a cheaper cost but have the added advantage of not having to be declared.
Importantly, London Good Delivery gold bars are highly liquid and would be more liquid than ETFs in the event of a systemic crash and or currency crisis. This is one of the reasons that increasingly respected hedge fund manager, David Einhorn, has opted for gold bars in allocated accounts in specialist depositories.
now if Greece has $112.4 tonnes of gold and the bis revalues it..........the question is @ what price, 4,222. or 12,0000.
all the clowns are looking for a default and or a devaluation when they should be looking at a revaluation of gold..
It will happen just like that and @ 4,222.00 an oz then what is cgfia worth????????????????????????????????????????????
END OF STORY!!!!!!!!!!!!!!!!!!!!!!!!!!!
fireworks... it's gonna blow.
this will open mdw to hedge funds... go mdw...
maybe da buyout is coming......
33-36.00 before 2012.
Liars....
The Treasury Department's inspector general, Eric M. Thorson, replied that Treasury audits the gold regularly, and he denounced those who raise doubts about the reserve.
Rep. Blaine Luetkemeyer, R-Missouri, noted that the audit documentation submitted to the committee by the Treasury mentioned nothing about encumbrances of the gold reserve, and Thorson replied, "I'm not aware of anything." But Thorson backed off when Luetkemeyer followed up by asking about the U.S. gold pledged to the IMF and when Paul asked if the IMF's supposed gold is being counted twice, once on the IMF's own books and again on the books of the United States and other IMF member nations.
Three years ago GATA pressed the IMF for straight answers to this very question, particularly as to the possession and location of the IMF's supposed gold, eliciting only evasion and then abrupt termination of the questioning:
http://www.gata.org/node/6242
Thorson replied weakly to Paul, "We do not audit the IMF."
Luetkemeyer wouldn't let go. Is the U.S. gold contribution to the IMF, he asked Thorson, counted in the U.S. gold reserve? If it is, Luetkemeyer added, audits of the U.S. gold reserve should record the gold as encumbered.
Thorson replied, "We've been assured that none of it is encumbered." But he added that he would have to research the question before providing a definitive answer.
Of course testimony that one has been "told" and "assured" that nothing is happening is only hearsay, and authoritative answers to questions about the U.S. gold reserve and the U.S. government's officially designated agency for surreptitious market intervention, the Exchange Stabilization Fund, probably can be obtained only from the treasury secretary or the president themselves, who under the law have exclusive control of the ESF and answer to no one for it:
http://www.gata.org/node/10009
Blast to present in u.s.:
They have deleveraged you!!!!!!!!!!!!!!!
hedge funds being cut down..
restrictions on trading 4x1 cut in positions. magoo said it.. it's moving offshore...
fx trading no hedges allowed in u.s. .. fifo accountability....
fasb mkt to mkt never....
got gold!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
Blast from the past:
"During the 70s and early 80s there was a great effort put in to both raise supplies of natural resources (invest in mines, develop seismic science, and oil drilling) and reduce their demand (design of more fuel efficient cars, work on reducing the material content of products, e.g. aluminum cans now use 60% less aluminum than in 1980). As always happens in a limitless credit world, the result was a terrific over-investment in these areas and in inventories of the products. Once Volcker raised interest rates from Burn's negative real interest rates to high real interest rates (adjusted for price inflation), the financial incentive for both resource investment and keeping of inventory was limited. As a result, resource supplies became abundunt as the investments in these areas grew to fruition some 3-8 years after the projects were financed. As a result, resource investment dropped to below replacement and inventories became a target for reduction because of the high real interest rates making them too costly. Corporations started a just in time production drive to eliminate inventories. Real commodity prices (relative to services and final products) dropped like a rock as new supply, reduced demand and supply from inventory came together.
The culmination of the process in the late 1990s was in leaving inventory investment and resource development investment at near nothing. The effect of these seemingly endless supplies of commodities lowered the originary interest (discount of future goods) to near nothing, thus allowing practice of Black-Scholes no-arbitrage conditions that underly their pricing formulas for futures and options on them. No arbitrage in the commodity markets means no investment opportunity, because the arbitrage opportunities are the embodiments of the originary interest. Thus we have been living off of past investment in basic resources for two decades. Having had a long period of no-arbitrage conditions applying in the futures market, we can assume that they will no longer be relevant as they were a result of living off of past economic investment. Now that the world economy has grown to outstrip the existing productive capacity of the capital base in basic industries and resource extraction, we will have no way to continue non-inflationary growth. The relative prices of land (natural resources) and labor must change back to where they were historically. We will all meet the declining real income conditions as investment in natural resource extraction must grow to meet the demand by newly industrialized peoples. This after "environmental" costs have been piled up on top of the natural economic costs to nearly double them. 20 year old refineries, 50 year old oil fields and 40 year old power plants can no longer supply the needs of this "new economy", and natural gas power plants can't get enough natural gas supply to produce the power required."
time, tide and cgfia will wait for no man.... it's coming...
http://www.zerohedge.com/article/ron-paul-currently-holding-hearing-legislation-full-audit-us-gold-reserves-aka-show-me-tungs
gold went down because the dx index held 7450 on tuesday.once it closed there wed was the entry for $ and run up today. gold got hammered because of $ strength and euro loss. end of story.
ft. crock or fort fraud, u decide. there is no gold there....
http://kingworldnews.com/kingworldnews/KWN_DailyWeb/Entries/2011/6/22_Embry_-_Western_Central_Banks_Dont_Have_30,000_Tons_of_Gold.html
smart money already knows.......
u owe it to yourself..... once your cgfia explodes u need to make the tour D'Argent a must.
It is one of the best restaurants in europe. The name means the tower of silver... and the first fork was used here as a tool...
It is the best...
http://www.latourdargent.com/cuisine/home
Here's a brilliant quote for Richard Russell:
A few things you know for certain. Gold will not go bankrupt. Gold will always have a market. All fiat money becomes worthless over time. Gold is real tangible money, and it will be around when the last issue of fiat money is struggling to survive. Gold has a five thousand year history of representing wealth. No fiat money has ever lasted as long as a hundred years.
abx and nem up a 1.00 smoking, go gold!!!!!!!!!!!!!
somebody will cave in.... and it WILL BE REVALUED @ 4,222.00.
then do the math on cgfia... u r WAYYYYYYYYYYYYYYYYYYYYYY TOO low!!!!!!!!!!!!!!!
http://edegrootinsights.blogspot.com/2011/06/emerging-new-monetarism-gold.html
u r correct and the price of cgfia is a joke. The mms r trying to destroy another national treasure...
Scum has driven offshore many good jobs/companies+ the idiots in d.c. and their stupid tax structure...
The cheese will stand alone soon...
no. hold all gold related investments... food and ammo, you'll need them.
Doesn't matter who is next, once it starts you won't be able to touch gold.
Look @ the u.s. individual states and who carries load...
Those with the resources will survive. If they don't want to divide the old union they must establish a sound unit that has value... gold...
Colorado will follow utah.
food will be next.. watch meat, by 2012 feeder beef. a steak will be 100.00
watch gold now... grease will default....
armstrong...
http://www.martinarmstrong.org/files/Greece%2006-16-2011.pdf
magoo warned of this long ago. The leverage has moved offshore and outside the u.s.
etfs sucking the jr au/ags dry... Be not mistaken deep reserves of physical will always rule. go cgfia!!!!!!!!!!!!!
http://jessescrossroadscafe.blogspot.com/
listen to esf at 8.43 into video.
china wants your gold:
China
Of great concern to Bilderberg is China’s entrance into African politics at the supra-national level as well as their protagonism in many of the African continent’s disparate corners. For years, China scoured the continent for natural resources virtually unchallenged. Now, the China State Construction Engineering Corporation (CSCEC) is building a gigantic African Union’s headquarters complex in Addis Ababa. If Brussels is the capital of Europe, than Addis Ababa is the newly crowned capital of Africa.
Bilderberg has acknowledged that their corporations have been unable to compete with Chinese State owned companies because “the price is right … free.” What´s more, as Bilderberg readily admitted, China distinctly lacks the colonialist label that still taints European-African relations, which gives it “unfare” advantage in the area.
Another area of concern to Bilderberg is Chinese deft northern African diplomacy. Under the radar, China is outmaneuvering the United States and its western allies. For example, Libya’s foreign minister Abdelati Obeidi visit to Beijing allows China a major opportunity to counter American influence in the international arena, and enhance its image as a friend of the Muslim world. Furthermore, China has not missed the opportunity to enhance relations with new governments in Egypt and Tunisia after their leaders fell during the recent uprisings.
China´s economic might
According to the latest IMF forecast, China’s economy will be the world´s largest in real terms in 2016 — just five years from now. In real terms, meaning using “purchasing power parities” (PPP). That compares what people earn and spend in real terms in their domestic economies. Against the backdrop of Middle east conflict, Iraq, Afghanistan, Iran and destruction of the world economy greater doubts were raised over both the U.S. dollar and the giant Treasury market, which have been propped up for decades by their privileged status as the liabilities of the world’s hegemonic power.
According to Bilderberg, whoever is elected U.S. president next year will be the last to preside over the world’s largest economy.
Under PPP, the Chinese economy will expand from $11.2 trillion this year to $19 trillion in 2016. Meanwhile the size of the U.S. economy will rise from $15.2 trillion to $18.8 trillion. That would take America’s share of the world output down to 17.7%, the lowest in modern times. China’s would reach 18%, and rising.
For comparison, just 10 years ago, the U.S. economy was three times the size of China’s.
As Bilderberg recognizes, this is more than a financial perspective. It is the end of the Age of America’s economic hegemony. America overtook Great Britain as the world’s leading economic power in the 1890s and never looked back. There is a silver lining in this for the United States. To counterbalance China’s economic encroachment, Asian nations are increasingly turning to the United States for support.
As one Bilderberger admitted, the rise of China, and the relative decline of America, the so-called paradigm shift, or revolutionary changes in geopolitics, is the biggest story of our time.
Ire
Follow the flow... of what really is money....
cgfia enters alice in wonderland the matrix and the faulking truth.
http://dailyreckoning.com/the-war-on-digital-currency/
we r watching you....counterfeiters...
I say 4,222.00.. he say 5,000.
http://www.cnbc.com/id/43396080
you've seen nothing yet with mdw. They will dscover a massive find... Projection 33-36.00 share b 4 end of 2011.
haha, no eat gold. I have been buing 762 in 1000 blocks for 185.
own farm land canada/new zealand/u.s.and Australia.
own major utilities especially h20 co.
Food will be more valuable than gold thru 2033.
shtf: told u 6-13/14 the end is near
Late word out yesterday that the crackdown of the gold and silver manipulators has begun. Kitco, one of the partners in Gold and Silver Manipulation Scam, is being taken out by the authorities. It your fault if you have any metal in their paper games...
Revenu Quebec Investigates Gold Fraud
http://business.financialpost.com/2011/06/10/revenue-quebec-investigates-massive-gold-fraud/
There will be a lot more of this as the veil comes off the metal market rigging operations. Kitco was running a gold and silver ponzi scheme that was started by none other than the infamous Jon Nadler.
Nadler was the inventor and promoter of the Pooled Metal Investment accounts. He started this at Bank of America then implemented it at the Perth Mint, Kitco and the Royal Bank of Canada. The idea was that since everyone doesn't cash in their gold and silver certificates at the same time you could sell allocated and unallocated pooled account certificates without buying the actual metal. You then take that money and invest it in some other interest baring account and you get the interest gains.
Like any ponzi scheme it only works when people don't try to withdraw their investment. Once they try to cash in certificates for real metal the game is over.
This is where we are today...BUT WATCH WHAT HAPPENS NOW!
There are many forms of paper metal ponzi schemes including ETF's, certificate programs, pooled accounts and even the COMEX and LME exchanges which are leveraged 100-1 paper metal vs the deliverable ounces.
THE CON WILL FAIL FAST AND TAKE THE ENTIRE GLOBAL MONETARY SYSTEM WITH IT!
If you've been on the Road to Roota for long enough you KNOW that the ONLY way to survive this global meltdown is by holding PHYSICAL GOLD AND SILVER IN YOUR OWN POSSESSION!
The time for explaining the reasoning behind this is over. If you still don't get it you should read the Road to Roota ARCHIVES here:
http://www.roadtoroota.com/public/department36.cfm
The breakdown of the paper metal infrastructure has begun. With it will come the moonshot for physical metal, the destruction of paper metal to zero, the nationalization of mines and warehouse metal and ultimately the end of un-backed fiat money.
It was always the plan.
Best of luck to us ALL!
june 13-14.. it's coming and it will be huge!!!!!!!!!!!!!!!!
we r here: and watching....
1 financial plaza chicago, ill. home of cboe...
1/6 ownership...
go gold!!!!!!!!!!!!!!!!!!
100 china men will be in silverton this summer for cgfia.. and we r not slave labor....