GOLDBUGS AMEX Goldbugs Index (GOLD)

[the cork]

The only problem is, it depends on who goes broke first.

We won Cold War I, because we could out spend the Russians.

This time it's going to be different.

Cold War II is gonna be about debt and currency debasement. Gold is going to be the fulcrum upon which the teeter-totter balances, and the US doesn't have the goods. Our own or anybody else's we were entrusted with for "safe keeping" for that matter.

Fort Knox is a myth. The 8,000 tons of gold the US is "supposed" to have is a distant memory.

The whole world is gonna know real soon if they don't already. The US population won't figure it out for a couple years after that if ever.

It's a sure fire bet we'll never see a gold audit. As long as there is no audit the element of "maybe" still exists.

Take away the "maybe" and there's nothing worth a chit there.

The world "goes along with" the fraud for their own reasons. The Chinese and the Russians obviously want to pick up more gold on the cheap.

The rest of the world keeps their mouth shut because their currencies are pegged to the dollar. So as long as the US phucks with true price discovery of gold (to keep the dollar worth "something") the effect is to maintain illusion the other fiat currencies are worth "something."

The rest of the world is complicit in the fraud, they just let the US do all the dirty work.