Wealth cannot be produced with either dishonest money or dishonest people; it is the former that encourages the latter. Despite some philosophical and religious tenets to the contrary, one of the more obvious lessons of life is that the vast majority of people are basically honest and decent… not necessarily right or smart, but honest and decent. Such qualities are not legislated into existence, but it has become apparent after 70 years of Keynesian inspired inflation, that the qualities of honesty and decency can be submerged by legislation that rewards the opposite. For that insight (and only that), we should be grateful for the ill-fated Keynesian experiment. Mind you, Plato did point that out quite a while ago. "What is rewarded in a country will be practiced there."
It is not people who are basically bad and who need controlling, though it well suits government to propagate such a myth; it is government issued irredeemable currency that is basically bad, and governments who need controlling.
It is imperative that governments be again constrained by the Gold Standard.
We desperately need to instate gold in its rightful role as honest broker.
Not because bail-outs would not be possible under a Gold Standard, but because the immoral logic that proposes and supports such bail-outs would not even exist.
The giant corporations and banks should be allowed to collapse.
Let those who were foolish enough to invest in them lose their money. Yes, it would be hard, but the alternative being implemented right now is going to be very hard for everyone.
Instead of the losses being restricted to the criminal and the foolish, society itself is being sucked into poverty.
Nothing, absolutely nothing, has the power to stop this vast destruction of wealth other than the instatement of the multifarious disciplines of the Gold Standard.
There is a natural cohesion between the prosperity that results from the use of sound and honest money and moral standards. They are two sides of the same gold coin.
It is for this reason that The Gold Standard Institute - has now been established....
China central bank sees rebound in metals :-) new gold peak :-)
Hedge Fund investors turn to gold :-)
Emerging economies eye gold reserves :-) as dollar fears rise :-)
Total gold demand up 84% in Q4 2008 :-)
Central banks net gold buyers in January :-)
Extraordinary bullish outlook for gold - part I :-)
Extraordinary bullish outlook for gold - part II :-)
Gold is sneaking its way towards the $1000 barrier again for the third time :-) which is prompting as usual the gold bears to come out swinging declaring the end of the bull market for gold.
For newcomers to the gold market it's very confusing to hear ultra bearish reports from one side calling gold prices to crash, some even predicting gold to crash below the $300 mark while from the other side they're hearing ultra bullish reports calling for gold prices heading to $5000, some even predicting gold prices to top $10.000 :-)
Well, that's quite a difference and sure enough some analysts will be proven terribly wrong over the next few years..ex..
10 Fundamental Reasons To Own Gold ex.. :-)
1. Gold remains ultimate form of payment :-) No counter party risk :-)
2. Currency debasement :-) US Dollar losing status as world reserve currency -
3. Gold crawling back into the monetary system :-)
4. Negative real rates -
5. Falling gold supply vs increased investment demand :-)
6. Gold & Historic averages - gold should be trading above $2500 these days :-)
7. DOW/GOLD ratio points to $5.000+ gold way before 2015 :-)
8. Gold & US public debt - gold prices required to counter balance all US public debt held in foreign hands exceed the $10.000 mark
9. Large short positions - half of all central bank's gold has been leased into the market. (about 15.000 tons). Covering these short positions is not possible without catapulting gold prices to unimaginable highs :-)
10. Gold acting as safe haven in times of rising geopolitical tensions :-)
1,2 and 3 see HERE... * Gold remains ultimate form of the only real money payment :-)
* ex.. US debt levels unsustainable - lavatoriezfiatz$dollar losing status world reserve currency
* ex.. Gold prices required to counter balance all US public debt held in foreign hands exceed the $10.000 mark/oz :-)
* ex.. China, Russia calling for new world reserve real currency its only gold - the real money Standard since 1000s of years :-)
6. Gold & Historic averages
Gold should be trading above $2500 these days in order to clock new 'real' highs :-)
When experts claim gold to be trading in record high territories these days they always refer to gold's 1980 peak of $850.
Now comparing current gold prices of $950 with the old $850 high of 1980 doen't make much sense since even a chimpanzee can understand that one single dollar represented more purchasing power in 1980 than it does today.
So in order to calculate 'real' highs one has to adjust for inflation. When we take the 'official' inflation statistics then we'll see that the 1980 peak of $850 equals $2500+ today :-)
When we take into account however the more realistic inflation statistics published by John Williams at http://www.shadowstats.com then gold should clock $7000+ these days in order to reach new 'real' highs :-)
Sure enough one could argue that the official numbers are calculated by our governmentz through honest and correct methodologies but by conveniently taking out those items causing the highest inflation numbers (food and energy) since the early nineties you can fool most of the people but not for an indefinite - period of time. :-)
Conquest Resources L (TSX:CQR)fiat(CAD)$0.155 UP $0.01 (+6.90% Bid 0.13 Ask 0.155 Volume 87,993 Day's Range 0.125 - 0.155 Click for Detailed Quote Page Last Trade:13:13:36 EDT Jun-1-09
Gold still very undervalued :-) has a ways to go before it is overbought :-) compared to all printing counterfeitzing by fed of US$ :-) the more printing of bucky the Higher Gold Price :-)
MACD has just turned UP :-) alert that this rally still has bull legs to run :-)
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