This article by Goldseek gives me a lead into what has been a building suspicion of ours. The banksters have not, in fact, been 'hoarding' the taxpayer bailout money of 2008. We are of the belief it has been surreptitiously and clandestinely used by themselves and foreign central bankers to not only buy gold, but other resources as well.
In addition to owning pretty much all the governments of the world excepting those we're warring against now, and intend to, the equity ownership of resources cannot be tolerated. Former Secretary of Treasury Hank Paulson's assignment from Goldman Sachs was to ensnare Red China in his 70+ trips there while with GS.
Manipulation of "free" markets, interest rates (LIBOR), notably commodities, have been their Sasquatch footprint. Consequently, it only follows that by suppressing and bankrupting junior miners they will end up buying these resources for pennies. The only gold you'll end up with will be what you hold in your cold (dead?) fingers. And, even that they'll regulate out of you.
Foreigners, their cultures, and religions are not the enemies of the American people. They are our allies for freedom. They have recognized our government for what it is - - a Monster that controls their own respective governments. Responsibility and resolution of this tyranny rightfully resides with the American people.
We see no other solution to reclaim our stolen liberties other than the "system" must fall in world entirety on its own..... or from a forceful shove from citizens.
Here's an image clip from Zero Hedge last night to give ponder to the doubting Thomases:
While the chart is from the World Gold Council, and the central banks doing the gold buying are believed to be BRIC countries. Maybe so.....for the time being. The WGC board members are the largest gold miners. It will be through these controlled miners that the Banking Conspiracy will buy the precious metal resources.
God, Gold & Guts! Carry on.
-- Posted Wednesday, 11 July 2012
Today's AM fix was USD 1576.50, EUR 1284 and GBP 1012.91 per ounce.
Yesterday’s AM fix was USD 1594.50, EUR 1293.29 and GBP 1026 per ounce.
Gold fell by $19.40 in New York yesterday and closed down 1.2% at $1,568.40/oz.Silver fell 1.8% or 50 cents to $26.84/oz.
Gold gradually ticked higher in Asian trading and has kept those gains and seen slight further gains in European trading.
In addition to owning pretty much all the governments of the world excepting those we're warring against now, and intend to, the equity ownership of resources cannot be tolerated. Former Secretary of Treasury Hank Paulson's assignment from Goldman Sachs was to ensnare Red China in his 70+ trips there while with GS.
Manipulation of "free" markets, interest rates (LIBOR), notably commodities, have been their Sasquatch footprint. Consequently, it only follows that by suppressing and bankrupting junior miners they will end up buying these resources for pennies. The only gold you'll end up with will be what you hold in your cold (dead?) fingers. And, even that they'll regulate out of you.
Foreigners, their cultures, and religions are not the enemies of the American people. They are our allies for freedom. They have recognized our government for what it is - - a Monster that controls their own respective governments. Responsibility and resolution of this tyranny rightfully resides with the American people.
We see no other solution to reclaim our stolen liberties other than the "system" must fall in world entirety on its own..... or from a forceful shove from citizens.
Here's an image clip from Zero Hedge last night to give ponder to the doubting Thomases:
While the chart is from the World Gold Council, and the central banks doing the gold buying are believed to be BRIC countries. Maybe so.....for the time being. The WGC board members are the largest gold miners. It will be through these controlled miners that the Banking Conspiracy will buy the precious metal resources.
God, Gold & Guts! Carry on.
LIBOR Manipulation Leads To Questions Regarding Gold Manipulation
-- Posted Wednesday, 11 July 2012
Today's AM fix was USD 1576.50, EUR 1284 and GBP 1012.91 per ounce.
Yesterday’s AM fix was USD 1594.50, EUR 1293.29 and GBP 1026 per ounce.
Gold fell by $19.40 in New York yesterday and closed down 1.2% at $1,568.40/oz.Silver fell 1.8% or 50 cents to $26.84/oz.
Gold gradually ticked higher in Asian trading and has kept those gains and seen slight further gains in European trading.
Cross Currency Table – (Bloomberg) This latest price weakness is confusing many market participants and causing further jitters to some owners of gold.
Our conversations with people in the industry and our own experience makes us confident that this is another paper driven sell off drive primarily by speculative, leverage interests on the COMEX.
Our conversations with people in the industry and our own experience makes us confident that this is another paper driven sell off drive primarily by speculative, leverage interests on the COMEX.
Bullion dealers and banks have not changed their long term outlook for gold and are ignoring the considerable “noise” of recent days suggesting that further falls are likely.
Further falls are indeed possible especially if those players with concentrated short positions continue to press their advantage and squeeze nervous hand longs.
However, the fundamentals remain very sound with broad based global demand coming from store of wealth buyers in European countries, in the Middle East and in Asia and particularly China.
There is also increasing demand from hedge funds (Soros, Einhorn etc) and institutions such as PIMCO and the Teacher Retirement System of Texas.
David Einhorn warned of inflation yesterday and was asked on CNBC “what we would do since it is going to be bad, how do we play that?”
Einhorn told CNBC that he “owns a lot of gold”.
Central banks are just one facet of this central bank demand and their demand remains very small when juxtaposed with the increase in global money supply in recent years and when compared to their foreign exchange reserves.
Further falls are indeed possible especially if those players with concentrated short positions continue to press their advantage and squeeze nervous hand longs.
However, the fundamentals remain very sound with broad based global demand coming from store of wealth buyers in European countries, in the Middle East and in Asia and particularly China.
There is also increasing demand from hedge funds (Soros, Einhorn etc) and institutions such as PIMCO and the Teacher Retirement System of Texas.
David Einhorn warned of inflation yesterday and was asked on CNBC “what we would do since it is going to be bad, how do we play that?”
Einhorn told CNBC that he “owns a lot of gold”.
Central banks are just one facet of this central bank demand and their demand remains very small when juxtaposed with the increase in global money supply in recent years and when compared to their foreign exchange reserves.
The notion that central bank demand is propping up the gold price is simplistic and misleading.
Similar theories were proposed in recent years – with some claiming when gold was at $1,000/oz that ETF demand or Indian demand was propping up the gold price.
Such analysis failed to appreciate the broad global based nature of demand for gold then and fails to appreciate the broad global based nature of demand today.
It also fails to appreciate that while gold demand has increased – it has increased from an extremely low base and remains tiny vis-à-vis the size of other capital (equities, bonds etc) and currency markets and remains infinitesimal vis-à-vis the multi trillion dollar derivative markets.
Similar theories were proposed in recent years – with some claiming when gold was at $1,000/oz that ETF demand or Indian demand was propping up the gold price.
Such analysis failed to appreciate the broad global based nature of demand for gold then and fails to appreciate the broad global based nature of demand today.
It also fails to appreciate that while gold demand has increased – it has increased from an extremely low base and remains tiny vis-à-vis the size of other capital (equities, bonds etc) and currency markets and remains infinitesimal vis-à-vis the multi trillion dollar derivative markets.
GoldCore like other bullion dealers internationally have seen a noted increase in demand for physical bullion coins and bars in recent days...finish reading>> LIBOR Manipulation Leads To Questions Regarding Gold Manipulation
