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Re: NYBob post# 1516

Thursday, 05/31/2012 8:56:20 PM

Thursday, May 31, 2012 8:56:20 PM

Post# of 1986
Central Bank Gold-Buying Increases by 500%

The World Gold Council recently released its own report for
the gold market for 2011.
It noted that while global demand for gold had hit a new all-time
high in (nominal) dollar terms , it was merely reaching its
highest level in 15 years in terms of tonnages.




Indeed, investment demand rose by a mere 5% year-over-year.

Do we have any reason to believe that the bankers’ paper currency
is inherently defective?
Yes. When these same bankers persuaded our governments to
abandon the gold standard in 1971, our paper currencies ceased
to be “money” its a currency.
They were no longer backed by any tangible asset, so they
instantly ceased to be units of value.


Gold, as “the peoples’ money” it is also protect ourselves
from the collapse of the paper currencies which even the
creators of this paper are trying to dump themselves.


Swap your bankster-paper for gold mines and/or silver today –
before this confetti (officially) acquires its actual zero value.


I don't hold these worthless paper currencies, rather than opt
for humanity’s 5,000-year old safe havens: Gold and Silver.


Specifically, with all our governments explicitly engaged in the
monetary policy known as “competitive devaluation”, only a
person without knowledge, would hold an asset where the
producers of that asset are trying to drive its value
to zero as rapidly as possible.


In the 1,000 years since China began humanity’s experiments with
these worthless, paper (“fiat”) currencies;
the paper has a perfect record: it always goes to zero.


Ex.
meanwhile, we are equally well-advanced along the road to another
regular, economic event in our collective history:
what I call a “bond-burning party” – where insolvent debtor
governments simply erase all of those bond debts, leaving
bond-holders with a big, fat nothing.



http://investorshub.advfn.com/boards/read_msg.aspx?message_id=76118595

GOLD to go higher and $$ to fall off the cliff -

Japanese media are reporting that this is the first time China has
let a major currency other than the US dollar trade directly
with the yuan.

China and Japan to start direct yen-yuan trade in June -


http://www.bbc.co.uk/news/business-18245909

http://investorshub.advfn.com/boards/read_msg.aspx?message_id=76074808
God Bless


My opinions are my own and and DD I post should be confirmed as unbiased

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