Getbig Bodybuilding, Figure and Fitness Forums
Getbig Bodybuilding Boards => Gym/Stores/Industry Business Board => Topic started by: 24KT on March 12, 2012, 08:56:25 PM
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(http://www.jaguarenterprises.net/kb/images/Gold+Talks.jpg)
Well we know the old saying... Gold Talks & Fiat Paper Walks...
Looks like the Obama administration is trying a new strategy in the run up to the election... honesty.
Obama pushed back against his critics in defense of his energy policies, by actually telling Americans the truth. Wow!
Looks like the Ron Paul approach is rubbing off on the POTUS!
The story can be found here in the NY Sun's editorial section entitled "Obama In Your Tank... (http://www.nysun.com/editorials/obama-in-your-tank/87740/)
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These adorable little bears explain why gas prices are going through the roof.
Enjoy kiddies
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All the more reason to have more domestic drilling...
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(FULL COPORATE OFFER)
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AT THE MOMENT WE HAVE IN STOCK ABOUT FIVE HUNDRED KILLOGRAMS OF ALLUVIAL GOLD DUST
OF ABOUT 22.8 KARATS.
OUR PRICES IS (20%) TWENTY PERCENT LESS THE SECOND LONDON AT FIXING AT THE DAY
OF PURCHASE. BUT IF WE HAVE TO SELL THE GOODS TO EUROPE , AMERICA OR ASIA THEN
THE PRICE WILL VARY DEPENDING ON OUR NEGOTIATIONS. PREFERABLY A DIPLOMATIC COURIER
WILL BRING THE GOODS TO USA. AFTER YOU HAVE TESTED AND CONFIRMED THE QUALITY AND
THE AVAILABILITY OF THE MERCHANDISE, THEN YOU WILL HAVE TO DEFRAY THE COURIER
CHARGES, FREIGHT CHARGES ETC. AND CLAIM OWNERSHIP OF THE CONSIGNMENT.
YOU WILL HAVE TO ALSO TAKE OVER ALL OTHER EXPENSES LIKE GOVERNMENT TAXES, REFINERY
CHARGES AND COURIER CHARGES FROM THE AIRPORT TO YOUR DESTINED SMELTER. THE BUYER
PROVIDES TWO TICKETS AND ACCOMODATION FOR OUR TWO DELEGATES WHO WILL STAY DURING
THE TRANSACTIONS WITH YOU IN YOUR PLACE OR WHERE THE CONSIGNMENT IS BEING TAKEN.
PRODUCT: GOLDDUST OR BULLION.
ORIGIN: GHANA WEST AFRICA.
BAR WEIGHT: 12.5KG (ALLUVIAL GOLD DUST)
PURITY: 99.95% OR BETTER.
QUANTITY: 500KG. DELIVERY: GHANA OR EUROPE.
PRICE: BASED ON THE SECOND LONDON FIXING AT THE DAY OF PURCHASE.
DISCOUNT: GROSS OF 20% TO BE SHARED AS FOLLOWS: - FIFTEEN PERCENT (15%)
TO THE BUYER INTERMEDIARIES. THE SELLER FURNISHES THE BUYERS BANK WITH
ALL THE NECESSARY DOCUMENTS. THE BUYER COMES TO GHANA FOR A ROUND TABLE
TALK AND SIGNING OF THE AGREEMENT BEFORE BUSINESS COMMENCES.
PLEASE CALL US IMMEDIATELY ON TEL NO: 555-555-5555.
OR E- MAIL US ON JaguarScams24KT@xxxxx.xxx
WE ARE EXPECTING YOUR RESPONSE AS SOON AS POSSIBLE.
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what jag doesnt seem to understand is that if the oil is produced mainly in the US the effects of the dollars depreciation will not be as felt as much as there is less loss in buying power.
So yes Jagson obamas moratorium in the gulf and his anti oil platform is going to have a negative effect on the price of gas at the pump.
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All the more reason to have more domestic drilling...
At what cost? Have you seen a cost benefit analysis for increased domestic drilling?
And I'm referring to GDP, not any political capital it may spin off.
...doesnt seem to understand is that if the oil is produced mainly in the US the effects of the dollars depreciation will not be as felt as much as there is less loss in buying power.
That does you no good when you run into scarcity of supply when growing economies in India & China with stronger currencies which equate to MORE purchasing power buy up any increased domestic supply, leaving none to supply domestic needs. Whether or not an increase in drilling results is a greater supply is reasonably debateable, because it doesn't matter how much oil you have if you lack refinery capacity, ...and we all know what Katrina did to the refineries.
...obamas moratorium in the gulf and his anti oil platform is going to have a negative effect on the price of gas at the pump.
Again, I suggest that a thorough and accurate cost benefit analysis is required. Domestic drilling is a short term myopic patch job that only kicks the can down the road, but does nothing to solve the problem. It is unsustainable, and it's purported benefits do not even come close to outweighing it's costs. Mind you I did not say risks but rather costs. Cheap energy at what cost? Because it is more than financial. Understand, cost & price can be too different things. Some may make the argument that there is nothing wrong with kicking the can down the road, ...and in certain instances, I may agree, ...however, the real question one has to ask when contemplating kicking the can down the road is 'How long is your road?' Eventually, the piper MUST be paid. And it's a steep price with a very high cost.
Did you know that all that oil that spilled out for months during the BP explosion, was only enough to power the world's energy demands for TWELVE HOURS?
At the Precious Metals Conference in Madrid, I heard a fabulous lecture that took all the disparate pieces of information we all have, and put it together in a rather cohesive way empowering us to really comprehend the predicament we are ALL in.
If you knew without a doubt, that you were going to be knocked off the ledge of a building, ...wouldn't you want a huge safety net below to catch you when you fell? And if you had the opportunity to build that safety net in advance... Would you?
We've been on an inevitable collission course of unsustainable economic, energy, and environmental policies that are quickly catching up to us. The best we can do is to manage the outcome and go forward from there.
His energy policy is sound, ...unfortunately, in the meantime, he's dealing with the blowback from Fed monetary policy. He's doing a high-wire balancing act, in the eye of a tornado, ...and Americans are again fooled & distracted, looking in the wrong direction focusing on high fuel prices (the result of Fed monetary policy & previous administrations) and not even realizing the incredible balancing act he's doing. WAKE UP FROM THE TRANCE!
(http://www.jaguarenterprises.net/images/balancing+act.jpg)
I say the result of previous administrations because Obama printed soooooo much money sooooo fast, much of which is still in the banks, that it hasn't had the chance to come into the system yet, ...but when it does...LOOK OUT!!! the poop will really hit the fan then.
Don't scream about the upcoming storm, ...learn how to dance in the rain. (http://www.jaguarenterprises.net/images/em/yipee.gif)
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If only there were some type of pill that could help us to get more MPG........
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If only there were some type of pill that could help us to get more MPG........
There is, ...but I wouldn't want YOU to get your hands on it.
I'd prefer to see you paying through the nose, and bleeding out your butt in order to fill your tank.
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There is, ...but I wouldn't want YOU to get your hands on it.
I'd prefer to see you paying through the nose, and bleeding out your butt in order to fill your tank.
(http://www.stochasticgeometry.ie/wp-content/uploads/2009/10/snakeoil.jpg?w=257)
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(http://www.stochasticgeometry.ie/wp-content/uploads/2009/10/snakeoil.jpg?w=257)
You could try that as a lube, for when the price at the pump starts ramming into your butt hole, but I doubt it will work. In your particular case, I hope it doesn't work as a lube, but rather as the enema you are so sorely in need of.
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I have no idea of 24kt's history, but most of his posts are pretty informative and seem spot on. Dunno why all the hate.
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Hahaha not you again. You weren't in Madrid you're an idiot scammer/liar.
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At what cost? Have you seen a cost benefit analysis for increased domestic drilling?
And I'm referring to GDP, not any political capital it may spin off.
That does you no good when you run into scarcity of supply when growing economies in India & China with stronger currencies which equate to MORE purchasing power buy up any increased domestic supply, leaving none to supply domestic needs. Whether or not an increase in drilling results is a greater supply is reasonably debateable, because it doesn't matter how much oil you have if you lack refinery capacity, ...and we all know what Katrina did to the refineries.
Again, I suggest that a thorough and accurate cost benefit analysis is required. Domestic drilling is a short term myopic patch job that only kicks the can down the road, but does nothing to solve the problem. It is unsustainable, and it's purported benefits do not even come close to outweighing it's costs. Mind you I did not say risks but rather costs. Cheap energy at what cost? Because it is more than financial. Understand, cost & price can be too different things. Some may make the argument that there is nothing wrong with kicking the can down the road, ...and in certain instances, I may agree, ...however, the real question one has to ask when contemplating kicking the can down the road is 'How long is your road?' Eventually, the piper MUST be paid. And it's a steep price with a very high cost.
Did you know that all that oil that spilled out for months during the BP explosion, was only enough to power the world's energy demands for TWELVE HOURS?
At the Precious Metals Conference in Madrid, I heard a fabulous lecture that took all the disparate pieces of information we all have, and put it together in a rather cohesive way empowering us to really comprehend the predicament we are ALL in.
If you knew without a doubt, that you were going to be knocked off the ledge of a building, ...wouldn't you want a huge safety net below to catch you when you fell? And if you had the opportunity to build that safety net in advance... Would you?
We've been on an inevitable collission course of unsustainable economic, energy, and environmental policies that are quickly catching up to us. The best we can do is to manage the outcome and go forward from there.
His energy policy is sound, ...unfortunately, in the meantime, he's dealing with the blowback from Fed monetary policy. He's doing a high-wire balancing act, in the eye of a tornado, ...and Americans are again fooled & distracted, looking in the wrong direction focusing on high fuel prices (the result of Fed monetary policy & previous administrations) and not even realizing the incredible balancing act he's doing. WAKE UP FROM THE TRANCE!
(http://www.jaguarenterprises.net/images/balancing+act.jpg)
I say the result of previous administrations because Obama printed soooooo much money sooooo fast, much of which is still in the banks, that it hasn't had the chance to come into the system yet, ...but when it does...LOOK OUT!!! the poop will really hit the fan then.
Don't scream about the upcoming storm, ...learn how to dance in the rain. (http://www.jaguarenterprises.net/images/em/yipee.gif)
HOLY CRAP YOURE A MORON!!!!
first though I agree that a multi pronged approach needs to be used utilizing all types of energy not playing favorites
To say that obama isnt playing favorites is being disingenious and plain stupid.
Second the oil companies wouldnt take on a project that didnt give a positive return unless it was unforseen so yes a project that gives positve returns will add to the GDP.
If you knew the ways to calculate GDP you would know that already though, which brings me back to my original point....
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At what cost? Have you seen a cost benefit analysis for increased domestic drilling?
And I'm referring to GDP, not any political capital it may spin off.
That does you no good when you run into scarcity of supply when growing economies in India & China with stronger currencies which equate to MORE purchasing power buy up any increased domestic supply, leaving none to supply domestic needs. Whether or not an increase in drilling results is a greater supply is reasonably debateable, because it doesn't matter how much oil you have if you lack refinery capacity, ...and we all know what Katrina did to the refineries.
Again, I suggest that a thorough and accurate cost benefit analysis is required. Domestic drilling is a short term myopic patch job that only kicks the can down the road, but does nothing to solve the problem. It is unsustainable, and it's purported benefits do not even come close to outweighing it's costs. Mind you I did not say risks but rather costs. Cheap energy at what cost? Because it is more than financial. Understand, cost & price can be too different things. Some may make the argument that there is nothing wrong with kicking the can down the road, ...and in certain instances, I may agree, ...however, the real question one has to ask when contemplating kicking the can down the road is 'How long is your road?' Eventually, the piper MUST be paid. And it's a steep price with a very high cost.
Did you know that all that oil that spilled out for months during the BP explosion, was only enough to power the world's energy demands for TWELVE HOURS?
At the Precious Metals Conference in Madrid, I heard a fabulous lecture that took all the disparate pieces of information we all have, and put it together in a rather cohesive way empowering us to really comprehend the predicament we are ALL in.
If you knew without a doubt, that you were going to be knocked off the ledge of a building, ...wouldn't you want a huge safety net below to catch you when you fell? And if you had the opportunity to build that safety net in advance... Would you?
We've been on an inevitable collission course of unsustainable economic, energy, and environmental policies that are quickly catching up to us. The best we can do is to manage the outcome and go forward from there.
His energy policy is sound, ...unfortunately, in the meantime, he's dealing with the blowback from Fed monetary policy. He's doing a high-wire balancing act, in the eye of a tornado, ...and Americans are again fooled & distracted, looking in the wrong direction focusing on high fuel prices (the result of Fed monetary policy & previous administrations) and not even realizing the incredible balancing act he's doing. WAKE UP FROM THE TRANCE!
(http://www.jaguarenterprises.net/images/balancing+act.jpg)
I say the result of previous administrations because Obama printed soooooo much money sooooo fast, much of which is still in the banks, that it hasn't had the chance to come into the system yet, ...but when it does...LOOK OUT!!! the poop will really hit the fan then.
Don't scream about the upcoming storm, ...learn how to dance in the rain. (http://www.jaguarenterprises.net/images/em/yipee.gif)
So how might one position themselves to avoid this massive, impending, world-ending disaster?
Perhaps log on to your website and purchase gas caps and Karatbars?
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These adorable little bears explain why gas prices are going through the roof.
Enjoy kiddies
Pretty good
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HOLY CRAP YOURE A MORON!!!!
Thank You for such a lovely complement. ::)
first though I agree that a multi pronged approach needs to be used utilizing all types of energy not playing favorites
Hmmm... you think I'm a moron, ...yet you agree with me? What does that make you?
- A. - a really, really bigger moron?
- B. - a bellicose individual who simply likes to argue and fling mud whether he knows what he's talking about or not?
- C. - BOTH?
To say that obama isnt playing favorites is being disingenious and plain stupid.
Please show me where in my post I stated that Obama wasn't playing favourites.
Second the oil companies wouldnt take on a project that didnt give a positive return unless it was unforseen so yes a project that gives positve returns will add to the GDP.
If you knew the ways to calculate GDP you would know that already though, which brings me back to my original point....
First off, I think perhaps you might have missed the part about refinery capacity. And secondly, positive returns for oil companies, do not equate to lower prices at the pump for consumers. Record oil company profits along with record high fuel prices from 2006 through 2008 should have taught you that.
When the purchasing power of the US Federal Reserve note is eroded, it buys less.
Regardless of what it is that is being purchased... whether it be gasoline, groceries or clothing.
As such, it will always require more & more of the fiat paper to acquire the same thing.
That is the actual subject of this thread. go ahead... check the thread title... I can wait.
An increase in domestic drilling without any increase in refinery capacity does nothing for consumers. Increased demand for fuel, from growing markets like India & China who have both demographics and stronger currencies on their side, will mean a scarce supply of fuel to meet domestic needs, ...again resulting in higher fuel prices.
It comes down to monetary policy which has been unsound, and unsustainable.
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You are banking on something which is not going to happen. China and India are not stronger currencies. Please get your head out of your ass. Go to any and i mean ANY reputable investment conference and the only people saying to invest in Chinese and Indian companies are scam artists. The only way you invest in these countries is through American multinationals that branch out there. It is just too risky. The investment money still flows one way - into America.
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So how might one position themselves to avoid this massive, impending, world-ending disaster?
Perhaps log on to your website and purchase gas caps and Karatbars?
(http://www.jaguarenterprises.net/images/em/angel2.gif)
Ummm, ...well, not being the type of person to tell someone what to do, I wouldn't actually come out and say that, ...but if I were you, I would do something similar... I would simply trade in my increasingly worth-LESS paper money, for karatbars that are increasing in value and purchasing power; as a hedge against inflation. The purchasing power of karatbars have gone up 12% so far since January alone. Infact, not only is it something I would do, that's EXACTLY what I did, and this month, I'll be getting 24KT 999.9% pure karatbars for FREE.
My friend Joe, (who you might know, since you're such a football fan) has a great saying. He likes to say "If someone has sense enough to blow the fuzz off a peanut..." well, you know the rest.
Anyway, I have to run, we have an update webinar starting at 3pm EDT.
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You are banking on something which is not going to happen. China and India are not stronger currencies. Please get your head out of your ass. Go to any and i mean ANY reputable investment conference and the only people saying to invest in Chinese and Indian companies are scam artists. The only way you invest in these countries is through American multinationals that branch out there. It is just too risky. The investment money still flows one way - into America.
I am soooo feeling the love. lol
Sorry, quick clarification. When I say China & India have stronger currencies, I'm not talking about the rupee, the renminbi or the yuan. I'm talking about GOLD. The GOLD that they have been acquiring for years, and in some cases centuries.
gotta go.
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You are banking on something which is not going to happen.
She knows it is not going to happen. She is not banking on that. She is banking on desperate, gullible victims to fall into her scam.
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I am soooo feeling the love. lol
Sorry, quick clarification. When I say China & India have stronger currencies, I'm not talking about the rupee, the renminbi or the yuan. I'm talking about GOLD. The GOLD that they have been acquiring for years, and in some cases centuries.
gotta go.
Hahaha you're joking right? China is 6th in gold holdings. The US has 8 times that amount. India is 12th. Germany holds more than those two combined, as do the IMF, Italy, and France.
So, the two biggest currencies in the world trades, the USD and EUR, are both backed by countries with significantly more gold than China and India. How exactly does that make their currencies stronger?
Just how significant? 1611.8 tonnes combined for China and India. Combined American, Germany, Italy, France? 16,417 tonnes. So roughly 10 times as much.
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Oh and not to rub too much salt on the wound but the ETF SPDR Gold Shares has more gold than China.
Ouch!
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Oh poop, ...I keep saying I'm NOT going to get dragged back into this place, and you'all keep pulling me back in.
Will address this more in depth later, ...my ISP has just throttled me, and I gotta re-connect on a faster connection, but will be back.
quick cursory response:
SDR's are a basket of fiats, and while they do contain some gold, they are still fiats.
When currencies collapse, they will introduce the IMF fiat the SDR, but again, it is a fiat and unsustainable and will follow the same route as current fiats.
as for Germany's GOLD, well, that's not in Germany, and whether they can repatriate it, is another story.
as for US Gold,... I hear they just picked up a few hundred tonnes in Libya, to fill the empty vaults of Fort Knox.
I'm not banking on anything, ...I'm hedging against something that I see as inevitable.
I don't see fiats recovering. They are all in a race to debase, and debasing against each other is ridiculous, ...however, debasing against GOLD is something they are all capable of doing.
In any event, I'm getting my gold for FREE, and can convert it into cash in any currency I choose, as well as shortly, be able to shop with it as well... eventually down the road. Right now, I'm in the accumulation stage, and not yet shopping with it like some of my European counterparts.
Will be back later on a faster connection, AFTER I finish all the tasks on my TO-DO list today.
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Hahaha so your response is a conspiracy theory that fort knox has no gold and Germany can't access theirs? Hahaha Please stop making things up. Your dumb statement about China and India was shown to be false. You can back two countries with less gold than an ETF or you can take a dose of reality, the majority of gold belongs to 4 western countries.
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There was something recently about Germany asking us for their Gold, and we told them no.... lol.
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Once again jag/samson runs away when confronted with the truth. Who even lets her post here? It's nothing but spamming her current scam.
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Hahaha so your response is a conspiracy theory that fort knox has no gold and Germany can't access theirs? Hahaha Please stop making things up.
Interesting that you would mention conspiracy theory, especially considering the warning I got yesterday.
I'll respond to this on the Conspiracy theory board, so as to not derail this thread OFF topic.
Your dumb statement about China and India was shown to be false.
My statement was NOT shown to be false, on the contrary, ...your logic and level of awareness was.
It's clear you haven't done your homework on the situation, and are accepting as fact, figures spoonfed to you like pablum by those who want to maintain an illusiion.
The fact is Indians & Chinese have been collecting GOLD for centuries. It's part of their culture. The Chinese have not been collecting gold as long as Indians, but they have been prolific savers; On average 30% of Chinese families save over 30% of their incomes, and have been encouraged by their own governments to save in gold. In india, even the most impoverished can can get a bank loan if the intended purpose is the purchase of GOLD. Both countries, in addition to having significant populations, have a culture of saving. And they save in gold. They are the new power structure by virtue of their populations alone. Decisions made by those two countries will dwarf any decisions made by Washington or Brussels. Theirs in the world's fastest growing middle classes, for the past 10 years running, while during that time the middle classes in Europe & North America are quickly & systematically being wiped out.
Forget "official figures" for Chinese & Indian gold holdings. They are irrelevant. China was able to amass significant amounts and increase their gold position significantly, all while flying under the radar. They have reduced their dollar exposure significantly, and are no longer the biggest holders of US Debt. They have offloaded much of that debt onto the backs of US tax payers in that the Federal Reserve is now the largest holder of US debt. And all that debt = the wealth, labour, and property of USA citizens is encumbered. The Federal reserve has a lien on it. They OWN you and all US Federal Reserve note holders.
You can back two countries with less gold than an ETF or you can take a dose of reality, the majority of gold belongs to 4 western countries.
Ah yes, the ever present ETF. Ask Gerald Celente how well ETF's worked out for him, and all the other MF Global clients.
Speaking of ETF's, I was rushing to log onto my Update webinar yesterday when I responded to you and didn't realize you weren't referring to the IMF fiat SDRs, but was instead referring to the ETF SPDR. IMO, ETF's are another scam paper derivative used to suppress the true price of GOLD & other precious metals relative to fiats. For example: Not sure if you've followed it as closely as I have, but we saw a recent attempt to smash the price of gold. Gold dropped in price after Fed chair Ben Bernanke announced they would maintain a zero interest rate. Bernanke's statement worked miracles in terms of it's effects on Gold prices (Thanks for the sale Ben) It shook the stupid money, and the speculative money OUT of the markets, triggered stop loss sell offs, but it had no effect on those of us acquiring physical. We were happy because for us that simply meant GOLD went on sale.
Come on, let's use some common sense here. No-one sold 31 million ounces of gold. Instead, a lot of paper got shuffled. The entire COMEX registered and eligible stock totals 11.4 million ounces. This means that this entire inventory was bought and sold three times over in a day. The COMEX is a paper market pricing system which has nothing to do with real supply and demand or even genuine price discovery. GOLD is far more valueable, infact, infinitely more valueable than the public has been led to believe, due to the proliferation of ETF paper derivatives out there. That however will soon change. More & more Americans are coming out of their trances, waking up to the truth, and no longer listening to the morally bankrupt liars who who speak out of their anatomy, or libel and smear people who are genuinely trying to help them.
But getting back to China's & India's gold stocks. These are not necessarily limited to "official" numbers. You're failing to take into account inventory held by their citizens. The gold of citizens sure went a long way for the USA in 1933 when Roosevelt madde it illegal for US citizens to own gold, and forced Americans to turn over all their gold to the government.
How much do you think India's gold inventory would increase if India made such a similar declaration?
Especially now that American & European sanctions designed to cripple Iran, and stunt the growth of a couple of the world's fastest growing economies (India & China) both of whom are heavily dependent on Iran for oil.
These sanctions have backfired, because US dollars & Euro can no longer be used as a settlement.
So what has India done, ...they have instead chosen to trade GOLD in exchange for Iranian oil, alerting even the most die-hard comatose sleepers, that GOLD is indeed money, and reducing the amount of Petro dollars or Petro euros traded, and in the process, hastening the unraveling of both fiats.
What is the US response? ...threatening India or else. Threatening Iran with invasion?
And what happens if the USA goes to war with Iran? More American lives are sacrificed on the alter of the FED, while they add additional printing presses to pay for the war, exponentially increasing the speed of the dollars demise.
GOLD is the real thing, ...paper money is simply a poor counterfeit imposter.
There's a video on my YouTube channel 'karatbarbullion' entitled "I AM GOLD" that showcases Gold's unique properties, and reveal why it is indeed the real thing.
I'll throw up a few more that help to clarify the situation when I have more time to edit or upload.
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I get my metals at a good company online - sorry jag.
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Haha Chinese consumers collecting gold chains makes their currency strong is your argument?
Hahaha piss off already.
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Once again jag/samson runs away when confronted with the truth. Who even lets her post here? It's nothing but spamming her current scam.
First of all I'm not Samson.
Secondly, if you think my latest business venture is a scam, that speaks volumes about your level of intelligence,
...or rather lack thereof.
We've been endorsed by Bund der Sparer, an independent 3rd party Consumer Watchdog organization in Germany.
We've also entered into agreements with Governments, Sports Teams, Celebrities, and The Vatican!
If you are under the mistaken impression that The Vatican is merely a 'religious organization', WAKE UP!!!
They are a MAJOR FINANCIAL POWER. And they don't just enter into agreements with just anybody.
I can assure you we have been vetted to such an extent it would make your mind boggle.
If our integrity & credibility is good enough for The Vatican, it should be good enough for anyone else reading this forum.
Or do you need to see Jesus Christ himself come back and say what we're doing is infact legitimate?
I hope for your sake that's NOT what you need, because if it is, ...by then, ...it will be too late for you.
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I get my metals at a good company online - sorry jag.
I don't care where you get your metals, just so long as you acquire some.
Of course I would prefer you got it through the same source I use, ...but hey, as long as you have some. :D
I hope you're getting bars and not gov. issued coins.
When one purchases government issued coins, you do NOT own them.
You are merely the BEARER and must relinquish those coins at face value, should the government choose to recall them.
Yesterday's closing spot was $1600 something. Would hate to see someone pay spot + refinery markups + dealer markups etc, only to have to turn it over to the government under penalty of imprisonment for $50
BTW -- Does your Gold dealer gve you FREE GOLD?
- Does your Gold dealer report all your purchases to the government?
- Is your Gold dealer subject to national laws? ...or do they operate under international law, placing them on the same level as other countries, and thereby not subject to arbitrary laws that may be passed in any particular country?
- Does your Gold dealer provide you the option of FREE storage for your gold; offshore in a non-seizure country?
- What's the point spread on the buy-back?
- Does your Gold dealer have a worldwide network of acceptance points whereby you would be able to exchange small fractions of a gram for goods & services?
- Do you get free GOLD back into your account when you shop online with various merchants?
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I don't care where you get your metals, just so long as you acquire some.
Of course I would prefer you got it through the same source I use, ...but hey, as long as you have some. :D
I hope you're getting bars and not gov. issued coins.
When one purchases government issued coins, you do NOT own them.
You are merely the BEARER and must relinquish those coins at face value, should the government choose to recall them.
Yesterday's closing spot was $1600 something. Would hate to see someone pay spot + refinery markups + dealer markups etc, only to have to turn it over to the government under penalty of imprisonment for $50
BTW -- Does your Gold dealer gve you FREE GOLD?
- Does your Gold dealer report all your purchases to the government?
- Is your Gold dealer subject to national laws? ...or do they operate under international law, placing them on the same level as other countries, and thereby not subject to arbitrary laws that may be passed in any particular country?
- Does your Gold dealer provide you the option of FREE storage for your gold; offshore in a non-seizure country?
- What's the point spread on the buy-back?
- Does your Gold dealer have a worldwide network of acceptance points whereby you would be able to exchange small fractions of a gram for goods & services?
- Do you get free GOLD back into your account when you shop online with various merchants?
i take physical possession and get copper, silver, and a little gold.
I have a shit load of lead too. :D :D
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Haha Chinese consumers collecting gold chains makes their currency strong is your argument?
Hahaha piss off already.
No, Chinese citizens buying bullion at rates of up to an ounce per month for those who can afford to do so "officially", ...and considerably more under the radar.
Crunch the numbers. We're talking populations in the billions. If just a teeny, tiny, fractional percentage of the population shifted the 30% they were saving in paper into GOLD. It has a tsunami effect. Remember, I once experienced the effect of Chinese enthusiasm for a particular product or service. I saw those numbers grow as Chinese citizens as well as the Chinese government embraced a previous product I was associated with because of it's tremendous capacity to reduce vehicular emissions and reduce pollution. They wanted the air cleaned up in time for the 2008 Olympics.
People think of China & india as impoverished countries, and yes, in certain areas there exists a lot of poverty, but when you consider the overall size of their populations, you realize, there are more millionaires in India, than the entire population of Canada. If you take into account the gold they have been acquiring & passing down through generations, the number of BILLIONAIRES in india boggles the mind. I won't even go into the Dragon family of China & Taiwan.
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i take physical possession and get copper, silver, and a little gold.
Physical possession is good too. my source also makes that available for those who want it. Of course some do prefer it be stored.
I have a shit load of lead too. :D :D
(http://www.jaguarenterprises.net/images/rotflmao.gif)
Really? I would never have guessed! :P
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Physical possession is good too. my source also makes that available for those who want it. Of course some do prefer it be stored.
(http://www.jaguarenterprises.net/images/rotflmao.gif)
Really? I would never have guessed! :P
I take only physical possession.
As far as lead goes - plent plenty plenty - all common calibers - mostly 9mm, .22., .308, 12 Gauge etc.
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I take only physical possession.
As far as lead goes - plent plenty plenty - all common calibers - mostly 9mm, .22., .308, 12 Gauge etc.
Shhhh.
Gotta keep part of your lead collection a secret.
Let the F#%Ker's show up expecting a handgun, and give 'em a bazooka instead! :P
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No, Chinese citizens buying bullion at rates of up to an ounce per month for those who can afford to do so "officially", ...and considerably more under the radar.
Crunch the numbers. We're talking populations in the billions. If just a teeny, tiny, fractional percentage of the population shifted the 30% they were saving in paper into GOLD. It has a tsunami effect. Remember, I once experienced the effect of Chinese enthusiasm for a particular product or service. I saw those numbers grow as Chinese citizens as well as the Chinese government embraced a previous product I was associated with because of it's tremendous capacity to reduce vehicular emissions and reduce pollution. They wanted the air cleaned up in time for the 2008 Olympics.
People think of China & india as impoverished countries, and yes, in certain areas there exists a lot of poverty, but when you consider the overall size of their populations, you realize, there are more millionaires in India, than the entire population of Canada. If you take into account the gold they have been acquiring & passing down through generations, the number of BILLIONAIRES in india boggles the mind. I won't even go into the Dragon family of China & Taiwan.
Hahaha so once again you're pinning your hopes on consumers in India and China buying gold watches and chains? Wow you really are a bad scam artist.
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Hahaha so once again you're pinning your hopes on consumers in India and China buying gold watches and chains?
(http://www.jaguarenterprises.net/images/em/shocked.gif)
WTF? either...- You have a serious English comprehension issue, or
- ...I'm in the TWILIGHT ZONE, or
- ...BOTH!!
Wow you really are a bad scam artist.
You're right about that. I'm so honest, I would be a bad scam artist. :D
I'M TOO LEGIT TO QUIT!
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Thank You for such a lovely complement. ::)
Hmmm... you think I'm a moron, ...yet you agree with me? What does that make you?
- A. - a really, really bigger moron?
- B. - a bellicose individual who simply likes to argue and fling mud whether he knows what he's talking about or not?
- C. - BOTH?
Please show me where in my post I stated that Obama wasn't playing favourites.
First off, I think perhaps you might have missed the part about refinery capacity. And secondly, positive returns for oil companies, do not equate to lower prices at the pump for consumers. Record oil company profits along with record high fuel prices from 2006 through 2008 should have taught you that.
When the purchasing power of the US Federal Reserve note is eroded, it buys less.
Regardless of what it is that is being purchased... whether it be gasoline, groceries or clothing.
As such, it will always require more & more of the fiat paper to acquire the same thing.
That is the actual subject of this thread. go ahead... check the thread title... I can wait.
An increase in domestic drilling without any increase in refinery capacity does nothing for consumers. Increased demand for fuel, from growing markets like India & China who have both demographics and stronger currencies on their side, will mean a scarce supply of fuel to meet domestic needs, ...again resulting in higher fuel prices.
It comes down to monetary policy which has been unsound, and unsustainable.
holy goodness you cant even keep track of your posts....
First I didnt bring up GDP you idiot, you did a company making and yes a company taking on a profitable project will add to GDP. I dont know what you brought up GDP but the fact is your an idiot and dont know the different ways to calculate it, if you did you wouldnt have made that comment.
Second if we produced more oil in the US or for your example even more oil in foreign countries paying the workers in US dollars we wouldnt have the foreign exchange exposure which is your point.
Another thing you dont take into account is that a weaker dollar also helps some ppl. Look at where the majority of the world is investing. It isnt china, germany, BRIC's its the US part of that is b/c their money gets more here.
The dollars value has been pretty flat over the last year, so what do you say is the reasoning for the record high gas prices this year?
which currencies do you feel the dollar has lost a good amount of value against?
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24KT=Samson=Jag=Betty Blanco=pathetic pyramid pushing troll
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There was something recently about Germany asking us for their Gold, and we told them no.... lol.
60% of it seems to reside in the US -> so gone forever.
A german minister wanted to know the exact amount and "traffic" of german gold and got dissed by the men in power that such info would harm american/german relations.
This a another paramount indicator that politicians are just clerks for a few in higher positions.
It seems that right now there's frantic gold fever among european countries in preperation to reverting back to a currency backed by gold.
BTW, interesting info 24kt.
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holy goodness you cant even keep track of your posts....
First I didnt bring up GDP you idiot, you did a company making and yes a company taking on a profitable project will add to GDP.
Who brought up GDP first was not in question. What I asked, was for YOU to point out where in my post I stated that Obama wasn't playing favourites. that was an assertion YOU claimed I made. I simply asked you where in my post I said that?
I dont know what you brought up GDP...
GDP is important for two reasons. Improved corporate profits with no benefit to the consumer, does nothing to reduce fuel prices at the pump. What kind of oxymoronic statement is a "jobless recovery" anyway? Do you know what that really means? It means corporate profits will increase with no such correlative increase or relief for consumers
Secondly, when it comes to GDP, you are well past the tipping point. The debt is insurmountable. You can tax every man woman & child in America 100% of their income, and it would not be enough to even meet the interest payments on the debt.
Thirdly, there is currently no shortage of domestic supply of fuel. There is also a reduced domestic demand. These factors should result in a reduction of fuel prices, instead we're seeing the exact opposite. Fuel prices at the pump are at an ALL TIME high. Higher than they ever were. The price of oil has dropped significantly... when priced in GOLD, but priced against a US Federal reserve note, ...it is at record highs. Proving my initial point. This has nothing to do with energy policies, and everything to do with FED Monetary policies.
...but the fact is your an idiot and dont know the different ways to calculate it, if you did you wouldnt have made that comment.
Your grammar is so atrocious, I'm not sure what it is you're trying to say there.
Watch your grammar Tony. Grammar is very important.
It's the difference between KNOWING YOUR SHIT, and knowing YOU'RE SHIT! 8)
Second if we produced more oil in the US or for your example even more oil in foreign countries paying the workers in US dollars we wouldnt have the foreign exchange exposure which is your point.
Tony, Please, don't try to state my points for me. I will state my own points thankyouverymuch. The USA doesn't have foreign exchange exposure. The USA hold's the defacto world's reserve currency. As the Fed prints the money into oblivion, it is the REST of the world that has the foreign exchange exposure, because most of those notes are held outside of the US. Everybody else's currencies are sitting ducks, because we are all pegged to the US Federal Reserve note. If you all want to go down in flames, you're welcome to do so, ...but the rest of the world is saying "Do what you want, you're not taking us with you!" Even Arab oil money is shifting into GOLD.
Another thing you dont take into account is that a weaker dollar also helps some ppl.
Darn right it helps some people... those of us who own gold!!! lol. :D
Look at where the majority of the world is investing. It isnt china, germany, BRIC's its the US part of that is b/c their money gets more here.
(http://www.jaguarenterprises.net/images/em/laughing_at_u.gif)
You really need someone to explain to you the difference between investing in a nation, ...and buying it up for pennies!
All those homes foreclosed on that are sitting empty, some in guard gated communities, others not... how much do you think they are really worth, and why do you think the banks have not put all that inventory on the market? Why do you think they still have them sitting on their books, propping up their balance sheets with bloated misrepresented valuations? And what do you think will happen when the banks are forced to relinquish these homes and the market is flooded with inventory. What do you think will happen to property markets and real estate prices then? It will be like Weimar Republic Germany all over again where you can buy an entire city block for 3 grams of gold!
You will be just like Thomas Jefferson predicted. You will wake up homeless on the very continent your forefathers conquered. And don't think owning your home mortgage-free will leave you in the clear. States, and municipalities are all indebted to the Fed, and will implement whatever policies are dictated to them. During the transition to a new monetary system, when fiat currency is worthless, ...if you don't have enough GOLD saved to pay property taxes, they will take your house away, right out from under you.
The dollars value has been pretty flat over the last year, so what do you say is the reasoning for the record high gas prices this year?
It was your nation's blood thirsty lust for power and it's insistence on murdering countless thousands of innocent men, women, and children in Vietnam, that put your country in this trap to begin with. By removing the GOLD standard, Nixon and subsequent administratiions were able to print all the money they wanted to, in order to pay off their war debts, and give the Fed free reign to destroy your country, and attempt to enslave the entire planet.
Do you remember Tricky Dicky's famous comment "I am not a crook", ...well guess what, ...he was!
The PRIVATE shareholders of the Federal Reserve know it, as do it's current, and previous chairs, though they sometimes pretend not to.
"In the absence of GOLD, there is NO WAY to protect your savings from CONFISCATION through inflation" ~ Alan Greenspan, fmr chair of The federal Reserve.
"US Dollars have value only to the extent they are strictly limited in supply. but the US Government has a technology, called a printing press, (or today it's electronic equivalent). that allows it to produce as many US Dollars as it wishes at essentially no cost." ~ Current Federal Reserve chairman Ben Bernanke.
which currencies do you feel the dollar has lost a good amount of value against?
{sigh}
(http://www.jaguarenterprises.net/images/em/keep_away.gif)
Dude, I'm trying to tell you, but it's like it just keeps flying over your head.
The Important of GOLD
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24KT=Samson=Jag=Betty Blanco=pathetic pyramid pushing troll
So now, I'm Benny Blanco as well? Whatever. ::)
Hmmm... what do Samson, Benny & myself have in common, except for the fact that our ancestors actually built the pyramids?
Do you have anything constructive or informative to add to this thread?
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60% of it seems to reside in the US -> so gone forever.
A german minister wanted to know the exact amount and "traffic" of german gold and got dissed by the men in power that such info would harm american/german relations.
This a another paramount indicator that politicians are just clerks for a few in higher positions.
It seems that right now there's frantic gold fever among european countries in preperation to reverting back to a currency backed by gold.
BTW, interesting info 24kt.
Thanks Bruce.
Oh ya, gold fever is on in a BIG way all over the planet, ...but the information is suppressed here in North America.
Right now, they are trying to confiscate Greece's gold, others are suggesting Italy divest itself of it's gold.
Why the interest in GOLD if it isn't money, ...and why is Brussels & Israel pissed that Iran is now selling it's oil without the need for fiat paper.
That in itself is proof positive that GOLD is money. So now the USA is scrambling to get it's hands on more GOLD, so all of a sudden they are interested in going after Kony, conveniently enough in a country rich in gold, and all sorts of mineral resources. If they didn't act years ago when Oprah spotlighted the issue, ...why all the concern now?
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So now, I'm Benny Blanco as well? Whatever. ::)
Hmmm... what do Samson, Benny & myself have in common, except for the fact that our ancestors actually built the pyramids?
Do you have anything constructive or informative to add to this thread?
Do you?
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Epic novel length response that shows your a bigger idiot than I first thought...
first of all, lets get this out in the open so I can show you just uneducated you are on this subject.
How do you believe GDP is calculated?
next your first post was about the exposure the consumers in the US have at the pump due to the devaluation of the dollar.
What currency do you feel the dollar has lost value against over the past year?(this is the crux of your argument in this thread by the way)
What do you think investing is? you buy the asset that you feel with return the best while giving acceptable risk....
so yes ppl are investing in the US more than any country, look at the markets around the world and what theyve done over the past year...
you really know little about any of this jag going off of your posts, I mean this honestly and with not ill intent. You should put down whatever reading material youre going off of and pick up a few text books on finance, international finance, risk management and investments I really think it would do wonders for your sales to be able to speak intelligently about this.
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Epic novel length response that shows your a bigger idiot than I first thought...
Those who have eyes to see, ears to hear, and brains to comprehend will both see, hear and understand what I'm saying.
My message and responses, though directed to you, are really for them.
Those who don't have eyes to see or ears to hear will not see or hear or comprehend that of which I speak.
This message is not for them, as it is clearly not for you.
first of all, lets get this out in the open so I can show you just uneducated you are on this subject.
(http://www.jaguarenterprises.net/images/rotflmao.gif)
Thanks for that laugh Tony. I love to laugh, and you never fail to trigger a great big belly laugh from me.
Thanks, but no thanks... I'd rather be an "uneducated moron/idiot (or whatever pejorative you choose to insert) and be sitting on a fat gold position, than one who has been "educated" (or more accurately indoctrinated) in the conventional wisdom of John Maynard Keynes.
btw: Are you still looking for a job and collecting government assistance?
next your first post was about the exposure the consumers in the US have at the pump due to the devaluation of the dollar.
Absolutely. Increased prices are a relection of a weaker devalued currency due to Fed monetary policy
What currency do you feel the dollar has lost value against over the past year?(this is the crux of your argument in this thread by the way)
YES, Finally he gets it. ::)
There have been a few, but the first to immediately come to mind is my own currency, ...the Canadian dollar.
Tony, Since 1987, I have ONLY been engaged in residual income producing endeavors, and am still receiving income on work I did as early as 1987. Infact, just the other day, I picked up a nice residual cheque for work I did in 1998. Since 2001, I have earned by income strictly in US Dollars with the exception of Canadian dollar income in the form of residuals for work done prior to 2001. As a result of MY exposure to the US dollar EVERY WEEK when depositing cheques, I've seen the steady decline of the value of the USD because I have the advantage of living in a different country where I am forced to occassionally exchange the greenback into Canadian currency in order to function within Canadian society. Those of us who live outside of the USA see this, and we've been seeing it for quite some time.
Being in the USA, puts you at a disadvantage when it comes to seeing the daily decline in your currency, because most businesses & retailers simply absorbed the shrinkage in their profit margins rather than raise prices to reflect the decline in the greenback's purchasing power. Retailer & businesses no longer have that luxury. They are forced to increase their prices because they cannot shave their profit margins any further and still remain in business.
Part of the reason Canada's economy has fared so well relative to all the other G20's or even G8's, is because Canada declared war on the US decades ago, and devalued their currency 40% - 43% against their biggest trading partner. 70% of our exports currently go to the USA, and our devalued currency made our exports more attractive. We sold you all the softwood lumber you needed to further pump up your housing bubble, and our manufacturers did quite well. As the USD started it's precipitous decline, there was already a 40 point spread in existence which gave our businesses the breathing room necessary, as well as our government the time to enter into trade negotiations with other countries to buy the exports the USA soon would not be in a position to afford.
This was my crackpot theory that we were in the midst of WWIII only we weren't fighting it with tanks & soldiers, but with financial instruments. I came up with in 1993 when someone triggered a memory of something my best friend said when we were sitting in 8th grade math class. I've shared this theory with friends... who for years laughed and told me my elevator didn't go all the way to the top. Well just the other day, one of those friends said he was reading a book called "Currency Wars" by James Rickard, that just came out last November, that infact validated my crackpot theory about a currency war. I've not yet read it, but he claims Mr Rickards puts forth the same premise I proposed. I don't know if he does or doesn't, but I do know that today, ALL nations are trying this strategy, of devalueing their currencies to make their exports more attractive. Just the other day Switzerland pegged it's franc to the euro, in an effort to protect it's export market, saying it couldn't live with a franc valued higher than 1.20% of the euro, ...leaving GOLD as the ONLY safe haven left to preserve puchasing power.
The big problem for the USA is you no longer manufacture anything. you've outsourced it all overseas.
Debasing currencies against your neighbour doesn't work when EVERY BODY is doing it, and especially when you do not have any sort of a manufacturing sector left to speak of... except perhaps the military industrial complex.
Nations all over the world realize the futility of debasing against each other. It simply becomes a race to the bottom, but one thing is viable that all currencies can debase against, ...and that is GOLD. GOLD is hard currency. It is sound money, real money WITHOUT any counter-party risk. It is not subject to inflation, and cannot be minted at will out of thin air. The value of gold, is not dependent upon any one nation's ability to or promises to repay it's bills, and it is NOT CREATED OUT OF DEBT.
The only thing that the Federal Reserve note promises, that we know for sure it can keep, ...is it promises to tax your butt, and your children's and your grandchildren's asses forever.
(http://www.jaguarenterprises.net/images/manupsidedown.gif)
What do you think investing is? you buy the asset that you feel with return the best while giving acceptable risk....
Well therein lays one of our many differences of both opinion & perspective. We clearly have different perspectives on the matter.You see, for me, what you just laid out is NOT investing. In MY eyes, what you just described is SPECULATING.
To me, an "INVESTMENT" is acquiring something that is already UNDERVALUED.
To me, an "INVESTMENT" is an acquisition or purchase with my profit margin already in place AT THE MOMENT OF ACQUISITION
To me an investment is NOT buying something... in the hopes that it will go up in value. To me that's speculating.
I buy something KNOWING it's intrinsic value to begin with. And when I see that it's price point is no where near a reflection of it's true value, I get it. To me, THAT's an investment, the other a speculation.
so yes ppl are investing in the US more than any country, look at the markets around the world and what theyve done over the past year...
I have looked at the markets, and I have seen what they've done, ...and it makes me cry when I think of the exposure so many people are facing because the so-called "experts" and financial planners don't give a crap about them. Their #1 concern is how to make money off these people. I think of all the pension funds that are FORCED to invest into paper derivative markets because by law they are required to produce a certain % increase every year. The percentage of increase is useless if that increase comes in the form of inflated debased fiat paper. I'd rather have the purchasing power of a $20 bill circa 1913, than a $100 bill circa 2012. so to me, having my money on a roller coaster of paper derivatives producing gains that are nothing more than smoke & mirrors, and are guaranteed to erode the value of my money and steal my wealth is an amusement park ride I'd prefer not to take.
you really know little about any of this jag going off of your posts, I mean this honestly and with not ill intent. You should put down whatever reading material youre going off of and pick up a few text books on finance, international finance, risk management and investments I really think it would do wonders for your sales to be able to speak intelligently about this.
Ya, ok, whatever! ::)
For my sales? You still don't get it do you Tony?
I came across a company that empowers people to exchange bad money into good money.
And that company pays me rewards in the form of euro, as well as additional gold.
I can take the euro they pay me, and immediately convert it into gold.
I can take the gold they pay me, and keep it in gold, or convert it to fiat if I choose.
If a poop hits the fan scenario occurs, I can use it to shop in the event paper is no longer accepted,
...or a bank holiday is declared and ATM's are shut down or traditional paper money bank accounts are frozen.
Just ask Gerald Celente and the other MF Global clients how much fun it was when their accounts were frozen.
Ask people in Egypt what it was like not being able to buy groceries, or fill up their gas tanks, ...not because prices were too high, ...but because Mubarak shut down all the ATM machines and people couldn't get access to their money. I have friends in Egypt, I know what people went through.
I'm not selling gold, I'm acquiring it.
I've simply found a source that for me provides the most flexible, most reliable, most ethical, least expensive, most practical solution & route to GOLD acquisition, FOR ME, ...and I believe for most people as well.
But that's all irrelevant. This thread was not about karatbars, or my acquisition of karatbars, or even showing people how they too can get karatbars which are 999.9% pure 24kt gold and easily & instantly recognizable by banks, governments, gold dealers etc., in 194 countries around the world as money, authentic, & genuine, due to the tamper proof hologram and LBMA certification. It's not even about karatbars being the highest grade of gold, in it's purest form, for the lowest possible price, available to gold buyers in practical transaction friendly weights. Or even about karatbars being a medium of echange if and when fiat paper loses all value.
This thread was about the superiority of GOLD over fiat paper currencies.
Let me ask you a simple question. Would you rather have a savings account backed by FDIC insurance (insured by a government already 15 trillion in debt) or would you rather have your savings backed by GOLD?
And if you prefer FDIC insurance, where do you think the government will get the money to replace the NUMBERS in your account when they're already 15 trillion in debt ...and climbing?
Enter Fed Chair Ben Bernanke from stage left to crank up the printing presses...
...and what will that do to the value & purchasing power of those NUMBERS they're replacing into your paper money bank accounts?
Understand if your bank goes belly up, FDIC only insures the NUMBER of dollars in the account, not the value or purchasing power of those dollars.
Do you know anyone in Argentina? I do. I remember what happened in 2001 when they called a bank holiday and froze people's accounts. My girlfriend had enough money in her account to buy a house. By the time her account was unfrozen, When all was said and done... the purchasing power of her money wasn't even enough to buy a car.
Gold is the money of Kings & Queens.
Silver is the money of aristocracy
Barter is the money of peasants
DEBT is the money of slaves
So let us all endeavor to be Kings & Queens
Save GOLD money not fiat (paper) currency
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Those who have eyes to see, ears to hear, and brains to comprehend will both see, hear and understand what I'm saying.
My message and responses, though directed to you, are really for them.
Those who don't have eyes to see or ears to hear will not see or hear or comprehend that of which I speak.
This message is not for them, as it is clearly not for you.
(http://www.jaguarenterprises.net/images/rotflmao.gif)
Thanks for that laugh Tony. I love to laugh, and you never fail to trigger a great big belly laugh from me.
Thanks, but no thanks... I'd rather be an "uneducated moron/idiot (or whatever pejorative you choose to insert) and be sitting on a fat gold position, than one who has been "educated" (or more accurately indoctrinated) in the conventional wisdom of John Maynard Keynes.
btw: Are you still looking for a job and collecting government assistance?
Absolutely. Increased prices are a relection of a weaker devalued currency due to Fed monetary policy
YES, Finally he gets it. ::)
There have been a few, but the first to immediately come to mind is my own currency, ...the Canadian dollar.
Tony, Since 1987, I have ONLY been engaged in residual income producing endeavors, and am still receiving income on work I did as early as 1987. Infact, just the other day, I picked up a nice residual cheque for work I did in 1998. Since 2001, I have earned by income strictly in US Dollars with the exception of Canadian dollar income in the form of residuals for work done prior to 2001. As a result of MY exposure to the US dollar EVERY WEEK when depositing cheques, I've seen the steady decline of the value of the USD because I have the advantage of living in a different country where I am forced to occassionally exchange the greenback into Canadian currency in order to function within Canadian society. Those of us who live outside of the USA see this, and we've been seeing it for quite some time.
Being in the USA, puts you at a disadvantage when it comes to seeing the daily decline in your currency, because most businesses & retailers simply absorbed the shrinkage in their profit margins rather than raise prices to reflect the decline in the greenback's purchasing power. Retailer & businesses no longer have that luxury. They are forced to increase their prices because they cannot shave their profit margins any further and still remain in business.
Part of the reason Canada's economy has fared so well relative to all the other G20's or even G8's, is because Canada declared war on the US decades ago, and devalued their currency 40% - 43% against their biggest trading partner. 70% of our exports currently go to the USA, and our devalued currency made our exports more attractive. We sold you all the softwood lumber you needed to further pump up your housing bubble, and our manufacturers did quite well. As the USD started it's precipitous decline, there was already a 40 point spread in existence which gave our businesses the breathing room necessary, as well as our government the time to enter into trade negotiations with other countries to buy the exports the USA soon would not be in a position to afford.
This was my crackpot theory that we were in the midst of WWIII only we weren't fighting it with tanks & soldiers, but with financial instruments. I came up with in 1993 when someone triggered a memory of something my best friend said when we were sitting in 8th grade math class. I've shared this theory with friends... who for years laughed and told me my elevator didn't go all the way to the top. Well just the other day, one of those friends said he was reading a book called "Currency Wars" by James Rickard, that just came out last November, that infact validated my crackpot theory about a currency war. I've not yet read it, but he claims Mr Rickards puts forth the same premise I proposed. I don't know if he does or doesn't, but I do know that today, ALL nations are trying this strategy, of devalueing their currencies to make their exports more attractive. Just the other day Switzerland pegged it's franc to the euro, in an effort to protect it's export market, saying it couldn't live with a franc valued higher than 1.20% of the euro, ...leaving GOLD as the ONLY safe haven left to preserve puchasing power.
The big problem for the USA is you no longer manufacture anything. you've outsourced it all overseas.
Debasing currencies against your neighbour doesn't work when EVERY BODY is doing it, and especially when you do not have any sort of a manufacturing sector left to speak of... except perhaps the military industrial complex.
Nations all over the world realize the futility of debasing against each other. It simply becomes a race to the bottom, but one thing is viable that all currencies can debase against, ...and that is GOLD. GOLD is hard currency. It is sound money, real money WITHOUT any counter-party risk. It is not subject to inflation, and cannot be minted at will out of thin air. The value of gold, is not dependent upon any one nation's ability to or promises to repay it's bills, and it is NOT CREATED OUT OF DEBT.
The only thing that the Federal Reserve note promises, that we know for sure it can keep, ...is it promises to tax your butt, and your children's and your grandchildren's asses forever.
(http://www.jaguarenterprises.net/images/manupsidedown.gif)
Well therein lays one of our many differences of both opinion & perspective. We clearly have different perspectives on the matter.You see, for me, what you just laid out is NOT investing. In MY eyes, what you just described is SPECULATING.
To me, an "INVESTMENT" is acquiring something that is already UNDERVALUED.
To me, an "INVESTMENT" is an acquisition or purchase with my profit margin already in place AT THE MOMENT OF ACQUISITION
To me an investment is NOT buying something... in the hopes that it will go up in value. To me that's speculating.
I buy something KNOWING it's intrinsic value to begin with. And when I see that it's price point is no where near a reflection of it's true value, I get it. To me, THAT's an investment, the other a speculation.
I have looked at the markets, and I have seen what they've done, ...and it makes me cry when I think of the exposure so many people are facing because the so-called "experts" and financial planners don't give a crap about them. Their #1 concern is how to make money off these people. I think of all the pension funds that are FORCED to invest into paper derivative markets because by law they are required to produce a certain % increase every year. The percentage of increase is useless if that increase comes in the form of inflated debased fiat paper. I'd rather have the purchasing power of a $20 bill circa 1913, than a $100 bill circa 2012. so to me, having my money on a roller coaster of paper derivatives producing gains that are nothing more than smoke & mirrors, and are guaranteed to erode the value of my money and steal my wealth is an amusement park ride I'd prefer not to take.
Ya, ok, whatever! ::)
For my sales? You still don't get it do you Tony?
I came across a company that empowers people to exchange bad money into good money.
And that company pays me rewards in the form of euro, as well as additional gold.
I can take the euro they pay me, and immediately convert it into gold.
I can take the gold they pay me, and keep it in gold, or convert it to fiat if I choose.
If a poop hits the fan scenario occurs, I can use it to shop in the event paper is no longer accepted,
...or a bank holiday is declared and ATM's are shut down or traditional paper money bank accounts are frozen.
Just ask Gerald Celente and the other MF Global clients how much fun it was when their accounts were frozen.
Ask people in Egypt what it was like not being able to buy groceries, or fill up their gas tanks, ...not because prices were too high, ...but because Mubarak shut down all the ATM machines and people couldn't get access to their money. I have friends in Egypt, I know what people went through.
I'm not selling gold, I'm acquiring it.
I've simply found a source that for me provides the most flexible, most reliable, most ethical, least expensive, most practical solution & route to GOLD acquisition, FOR ME, ...and I believe for most people as well.
But that's all irrelevant. This thread was not about karatbars, or my acquisition of karatbars, or even showing people how they too can get karatbars which are 999.9% pure 24kt gold and easily & instantly recognizable by banks, governments, gold dealers etc., in 194 countries around the world as money, authentic, & genuine, due to the tamper proof hologram and LBMA certification. It's not even about karatbars being the highest grade of gold, in it's purest form, for the lowest possible price, available to gold buyers in practical transaction friendly weights. Or even about karatbars being a medium of echange if and when fiat paper loses all value.
This thread was about the superiority of GOLD over fiat paper currencies.
Let me ask you a simple question. Would you rather have a savings account backed by FDIC insurance (insured by a government already 15 trillion in debt) or would you rather have your savings backed by GOLD?
And if you prefer FDIC insurance, where do you think the government will get the money to replace the NUMBERS in your account when they're already 15 trillion in debt ...and climbing?
Enter Fed Chair Ben Bernanke from stage left to crank up the printing presses...
...and what will that do to the value & purchasing power of those NUMBERS they're replacing into your paper money bank accounts?
Understand if your bank goes belly up, FDIC only insures the NUMBER of dollars in the account, not the value or purchasing power of those dollars.
Do you know anyone in Argentina? I do. I remember what happened in 2001 when they called a bank holiday and froze people's accounts. My girlfriend had enough money in her account to buy a house. By the time her account was unfrozen, When all was said and done... the purchasing power of her money wasn't even enough to buy a car.
Gold is the money of Kings & Queens.
Silver is the money of aristocracy
Barter is the money of peasants
DEBT is the money of slaves
So let us all endeavor to be Kings & Queens
Save GOLD money not fiat (paper) currency
try to be more concise jag, only an person who has something to hide needs to write that much to say little to nothing of substance...
so you dont know how to calculate GDP, yet you are still comfortable making the false claim you do about it?
your know little to nothing about the exchange rates as the dollar has appreciated against the canadian dollar over the last year so this actually goes against your argument...
again your knowledge on this subject is limited to what youve been taught in your sales classes.
Again I mean this with no ill intent, pick up a few text books on finance. I think it really will do wonders for your business and if nothing else you wont look so uneducated to ppl have a concept as to what youre talking about.
p.s. Ive never been on government assistance I was unemployed for about 6 months but was interning at Merrill Lynch. Since then I graduated with a degree in Finance(what were talking about here) got a job as an analyst took my GMATS(while going through the annual audit) and entered grad school for my MBA with a concentration in Finance currently have about a year left. I dont really forsee myself having any employment issues in the future ;)
What have you been up to my dear?
P.P.S: remember clear and concise responses!!!
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Wow Samson/Jag, you sure are smart. Tell us more about gold and magic gas pills. ::)
-
try to be more concise jag, only an person who has something to hide needs to write that much to say little to nothing of substance...
so you dont know how to calculate GDP, yet you are still comfortable making the false claim you do about it?
your know little to nothing about the exchange rates as the dollar has appreciated against the canadian dollar over the last year so this actually goes against your argument...
again your knowledge on this subject is limited to what youve been taught in your sales classes.
Again I mean this with no ill intent, pick up a few text books on finance. I think it really will do wonders for your business and if nothing else you wont look so uneducated to ppl have a concept as to what youre talking about.
p.s. Ive never been on government assistance I was unemployed for about 6 months but was interning at Merrill Lynch. Since then I graduated with a degree in Finance(what were talking about here) got a job as an analyst took my GMATS(while going through the annual audit) and entered grad school for my MBA with a concentration in Finance currently have about a year left. I dont really forsee myself having any employment issues in the future ;)
Interning at Merril Lynch? Oh well, ...that explains a lot. :-X
What have you been up to my dear?
I've been accumulating FREE GOLD. 999,9% pure 24KT as a hedge against inflation, and earning income from across the globe whenever anyone else opens a free gold savings account. I'm quite literally getting paid to save money. I've been having fun, making money, and paying less in taxes. :D
P.P.S: remember clear and concise responses!!!
Point taken. :)
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Interning at Merril Lynch? Oh well, ...that explains a lot. :-X
I've been accumulating FREE GOLD. 999,9% pure 24KT as a hedge against inflation, and earning income from across the globe whenever anyone else opens a free gold savings account. I'm quite literally getting paid to save money. I've been having fun, making money, and paying less in taxes. :D
Point taken. :)
I bet it does, does the fact ive been working in internal finance for a MNC...thats multi national corporation mean anything to you?
Hey Im not going to make fun of you making money...just dont act like you have an inkling of an idea of what youre talking about you dumb ass!!!
so you dont know how to calculate GDP??? CHECK!!!
you didnt know that the US dollar has appreciated against the POS canadian Dollar...CHECK!!!
you are a POS snake oil sales women who has a tenious grasp on international finance and managing risk???
FUCKING CHECK, YOU MORON!!!
MAKE YOUR MONEY HONEY, just dont come on here or anywhere in ear shot of me or anyone with an understanding of what youre talking about and act like you have any idea of what the deal is...DUMB ASS!!!
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I bet it does, does the fact ive been working in internal finance for a MNC...thats multi national corporation mean anything to you?
not really. If anything, the fact that you work for Merrill Lynch makes you even LESS credible in my eyes, ...if such a think is even possible. Weren't they the ones responsible for Orange County CA having to declare bankruptcy in the early 90's? Didn't they sell the county treasurer a bunch of toxic worthless paper? ...then rush to settle for hundreds of millions before the lawsuit went before a judge? And weren't Merril Lynch executives the only ones that were ever convicted for accounting fraud during the Enron investigations?
Hey Im not going to make fun of you making money...just dont act like you have an inkling of an idea of what youre talking about you dumb ass!!!
I wouldn't brag too loudly about working for Merril Lynch if i were you. :-X
Sorry Tony, I don't take advice from people who've notoriously MISmanaged million or billions of dollars of 'other people's money'.
I prefer to take advice from people who manage millions or billions of dollars of their own money!
People like Robert Kiyosaki, Marc Faber, or even the Arab prince who shall remain nameless who sought me out to join my business, so he could put his money into GOLD.
so you dont know how to calculate GDP??? CHECK!!!
Only in 'The world according to YOU' ::)
you didnt know that the US dollar has appreciated against the POS canadian Dollar...CHECK!!!
I don't see a few fractions of a penny increase over a few days, as anything compared to the overall steady 42% loss over the past few years. I'm not a speculative day trader. I'm not looking to time the market and jump in & out of trades every few minutes, or hours of the day. Mine is a dollar cost averaging approach of buying & holding over the long term. Using Gold as a store of value.
you are a POS snake oil sales women who has a tenious grasp on international finance and managing risk???
FUCKING CHECK, YOU MORON!!!
A tenious grasp? I'll assume you mean't "tenuous grasp on international finance and managing risk"
That's ironic considering Merril Lynch lost close to $52 billion in the year prior to the 2008 crash, and could only get sold to Bank of America in a shotgun wedding. ::)
How did all those worthless CDOs work out for them? Managing risk indeed ::)
I think you might want to discover a bit more about the company you work for.
(http://www.jaguarenterprises.net/images/cot.jpg)
ISBN: 9780307717863
Book Description
Publication Date: November 2, 2010
The intimate, fly-on-the wall tale of the decline and fall of an America icon
With one notable exception, the firms that make up what we know as Wall Street have always been part of an inbred, insular culture that most people only vaguely understand. The exception was Merrill Lynch, a firm that revolutionized the stock market by bringing Wall Street to Main Street, setting up offices in far-flung cities and towns long ignored by the giants of finance. With its “thundering herd” of financial advisers, perhaps no other business, whether in financial services or elsewhere, so epitomized the American spirit. Merrill Lynch was not only “bullish on America,” it was a big reason why so many average Americans were able to grow wealthy by investing in the stock market.
Merrill Lynch was an icon. Its sudden decline, collapse, and sale to Bank of America was a shock. How did it happen? Why did it happen? And what does this story of greed, hubris, and incompetence tell us about the culture of Wall Street that continues to this day even though it came close to destroying the American economy? A culture in which the CEO of a firm losing $28 billion pushes hard to be paid a $25 million bonus. A culture in which two Merrill Lynch executives are guaranteed bonuses of $30 million and $40 million for four months’ work, even while the firm is struggling to reduce its losses by firing thousands of employees.
Based on unparalleled sources at both Merrill Lynch and Bank of America, Greg Farrell’s Crash of the Titans is a Shakespearean saga of three flawed masters of the universe. E. Stanley O’Neal, whose inspiring rise from the segregated South to the corner office of Merrill Lynch—where he engineered a successful turnaround—was undone by his belief that a smooth-talking salesman could handle one of the most difficult jobs on Wall Street. Because he enjoyed O’Neal’s support, this executive was allowed to build up an astonishing $30 billion position in CDOs on the firm’s balance sheet, at a time when all other Wall Street firms were desperately trying to exit the business. After O’Neal comes John Thain, the cerebral, MIT-educated technocrat whose rescue of the New York Stock Exchange earned him the nickname “Super Thain.” He was hired to save Merrill Lynch in late 2007, but his belief that the markets would rebound led him to underestimate the depth of Merrill’s problems. Finally, we meet Bank of America CEO Ken Lewis, a street fighter raised barely above the poverty line in rural Georgia, whose “my way or the highway” management style suffers fools more easily than potential rivals, and who made a $50 billion commitment over a September weekend to buy a business he really didn’t understand, thus jeopardizing his own institution.
The merger itself turns out to be a bizarre combination of cultures that blend like oil and water, where slick Wall Street bankers suddenly find themselves reporting to a cast of characters straight out of the Beverly Hillbillies. BofA’s inbred culture, which perceived New York banks its enemies, was based on loyalty and a good-ol’-boy network in which competence played second fiddle to blind obedience.
Crash of the Titans is a financial thriller that puts you in the theater as the historic events of the financial crisis unfold and people responsible for billion of dollars of other people’s money gamble recklessly to enhance their power and their paychecks or to save their own skins. Its wealth of never-before-revealed information and focus on two icons of corporate America make it the book that puts together all the pieces of the Wall Street disaster.
************************************************* end of description
MAKE YOUR MONEY HONEY, just dont come on here or anywhere in ear shot of me or anyone with an understanding of what youre talking about and act like you have any idea of what the deal is...DUMB ASS!!!
Oh I'll make my money all right, but it won't be the way your company does it, by selling people worthless paper trash. I make my money by exchanging worthless fiat paper into a solid real asset. Thanks to companies like the one you work for, the entire world is on the brink of a collapse because they took people's hard earned money, and turned it into worthless paper. Well I'm taking that worthless paper, and turning it back into GOLD, and sharing info with others how they too can do the same.
I think enough has been said. Let's just say we don't agree.And that's perfectly fine.
You seem to think fiat paper currency & paper derivatives are the way to go... while I believe GOLD is King.
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again resulting to posting novels to say nothing of substance.
LOL my dear your assertion is that the gas prices are so high b/c the dollar has lost its value. Ive shown you that over the last year the dollar has appreciated against the canadian dollar and either appreciated or went side ways against most of the other currencies.
So...this refutes your assertion honey!!!
LMFAO IC so you cant refute my points so you attack my associations? hahaha thats textbook getbig baby!!! You act like I am all about ML dear, Im not yea they screwed the pooch and lost a lot of face.
Im not arguing for paper or gold dear but a basic understanding of finance helps either argument...something that you lack and to anybody with a basic understanding it is very obvious.
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again resulting to posting novels to say nothing of substance.
LOL my dear your assertion is that the gas prices are so high b/c the dollar has lost its value. Ive shown you that over the last year the dollar has appreciated against the canadian dollar and either appreciated or went side ways against most of the other currencies.
So...this refutes your assertion honey!!!
LMFAO IC so you cant refute my points so you attack my associations? hahaha thats textbook getbig baby!!! You act like I am all about ML dear, Im not yea they screwed the pooch and lost a lot of face.
Im not arguing for paper or gold dear but a basic understanding of finance helps either argument...something that you lack and to anybody with a basic understanding it is very obvious.
I dont understand this so maybe you can clarify, inflation has been insane, everything is way more than it was, even the fed has admitted this, so how can you say the dollar has appreciated?
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I dont understand this so maybe you can clarify, inflation has been insane, everything is way more than it was, even the fed has admitted this, so how can you say the dollar has appreciated?
LOL, He works for Merril Lynch.
The only way I can make sense of his argument is that the mighty USD once trading at: $1.00 US = $1.45 CDN a few short years ago, had dropped to $1.00 USD = $0.96 CDN and in the last few days has gone from being worth $0.96 CDN to a meteoric rise of now being worth $0.9915 CDN as of 12:01 EDT
That's the only way I can make any sense of his logic, ...but I'll let him explain his own reasoning to you... if he can. :-\
$1.00 USD = $ 0.9439 AUD
The US Dollar isn't even at par with the Australian. :o
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LOL, He works for Merril Lynch.
The only way I can make sense of his argument is that the mighty USD once trading at: $1.00 US = $1.45 CDN a few short years ago, had dropped to $1.00 USD = $0.96 CDN and in the last few days has gone from being worth $0.96 CDN to a meteoric rise of now being worth $0.9915 CDN as of 12:01 EDT
That's the only way I can make any sense of his logic, ...but I'll let him explain his own reasoning to you... if he can. :-\
$1.00 USD = $ 0.9439 AUD
The US Dollar isn't even at par with the Australian. :o
My comment was in relation to last year b/c you idiotic argument is that gas prices are at record levels this year b/c the dollar has lost its value.
The dollar hasnt lost a lot of value as a matter of fact is appreciated against some currencies over last year so what is your reasoning again?
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again resulting to posting novels to say nothing of substance.
LOL my dear your assertion is that the gas prices are so high b/c the dollar has lost its value. Ive shown you that over the last year the dollar has appreciated against the canadian dollar and either appreciated or went side ways against most of the other currencies.
So...this refutes your assertion honey!!!
LMFAO IC so you cant refute my points so you attack my associations? hahaha thats textbook getbig baby!!! You act like I am all about ML dear, Im not yea they screwed the pooch and lost a lot of face.
Im not arguing for paper or gold dear but a basic understanding of finance helps either argument...something that you lack and to anybody with a basic understanding it is very obvious.
So if you're not arguing paper over gold, then one can only assume your purpose for being in this thread is: - -making stupid irrelevant ad hom attacks
- -revealing to the world the extent of your flatulence
- OR BOTH
(http://www.jaguarenterprises.net/images/em/gassy.gif)
You know... a little beano and a lot of Ex-Lax might be just what you need.
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I dont understand this so maybe you can clarify, inflation has been insane, everything is way more than it was, even the fed has admitted this, so how can you say the dollar has appreciated?
actually inflation hasnt been to bad the highest its hit recently is like 3.5% or something which is a little higher than they want but still not attrocious. The potential for it to become bad is certainly there and it will be interesting to see what happens when the FED starts to raise interest rates.
As for the question, think of exchange rates as a zero sum game. If one currency declines in value against another, the other currency has technically appreciated.
Nothing can happen to the dollar and it can still appreciate if the other currencies lose value.
The US dollar even if it does start to lose value if it loses value at a rate slower than the other currencies lose value will appreciate.
Think about whats happening in the EU, now look at where the world is investing.
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So if you're not arguing paper over gold, then one can only assume your purpose for being in this thread is: - -making stupid irrelevant ad hom attacks
- -revealing to the world the extent of your flatulence
- OR BOTH
(http://www.jaguarenterprises.net/images/em/gassy.gif)
You know... a little beano and a lot of Ex-Lax might be just what you need.
My comment was in relation to last year b/c you idiotic argument is that gas prices are at record levels this year b/c the dollar has lost its value.
The dollar hasnt lost a lot of value as a matter of fact is appreciated against some currencies over last year so what is your reasoning again?
This is the reason for my posting in this thread...
you started off with a false and ignorant claim so I felt the need to point it out ;)
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actually inflation hasnt been to bad the highest its hit recently is like 3.5% or something which is a little higher than they want but still not attrocious. The potential for it to become bad is certainly there and it will be interesting to see what happens when the FED starts to raise interest rates.
As for the question, think of exchange rates as a zero sum game. If one currency declines in value against another, the other currency has technically appreciated.
Nothing can happen to the dollar and it can still appreciate if the other currencies lose value.
The US dollar even if it does start to lose value if it loses value at a rate slower than the other currencies lose value will appreciate.
Think about whats happening in the EU, now look at where the world is investing.
(http://www.jaguarenterprises.net/images/em/shocked.gif)
UNBELIEVABLE!!!
Tony, the real rate of inflation is more like 11% when items like food & energy costs are factored in.
So someone sitting on a paper money account that if they're lucky pays them .5 - 1% interest, is actually losing 10% per year in purchasing power, just keeping it in a paper savings account. That doesn't even include all the added fees paper money account holders get nickled & dimed with.
My gold account is up over 10% in purchasing power since the start of this year.
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I make so much money on pyramid schemes and selling gold that I don't bother trying to resurrect a failed acting career.
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(http://www.jaguarenterprises.net/images/em/shocked.gif)
UNBELIEVABLE!!!
Tony, the real rate of inflation is more like 11% when items like food & energy costs are factored in.
So someone sitting on a paper money account that if they're lucky pays them .5 - 1% interest, is actually losing 10% per year in purchasing power, just keeping it in a paper savings account. That doesn't even include all the added fees paper money account holders get nickled & dimed with.
My gold account is up over 10% in purchasing power since the start of this year.
The CPI takes into account those things samson...
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My comment was in relation to last year b/c you idiotic argument is that gas prices are at record levels this year b/c the dollar has lost its value.
The dollar hasnt lost a lot of value as a matter of fact is appreciated against some currencies over last year so what is your reasoning again?
no response
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Does this stupid c*nt think she's the first person on here to see the value in gold?
And secondly, no one with half a brain would let YOU hold THEIR bullion. They'd take physical delivery because we all know a scheming, conniving con artist like yourself will take off the second your ponzi scheme deems it prudent.
(https://encrypted-tbn1.google.com/images?q=tbn:ANd9GcTd480o4azDlInKTUlvGceTxp9HMbVCvBeE6mKnHO1Blq6xEDTb)
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I just love the fact she thinks a country that still has the plague and hasn't even progressed to having running water and toilets that aren't just holes in the ground in a majority of the country is somehow going to take over the financial world by melting down their gold chains hahaha
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Laugh all you want. Infact, I hear laughter is good for the immune systeme and emotional wellbeing.
Better to be feeling good and not seeing it coming, than to be seeing it coming head on and not being able to do a thing about it.
Ellis Martin Report with Jim Sinclair and the Nuclear Economic Trigger-Breaking News
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Why I trust others to hold my bullion?
-
Why I trust others to hold my bullion?
You don't have to trust anyone to hold your bullion. Take physical possession if you don't trust storage facilities.
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And so it begins....
(http://www.midlands.coop/assets/funeral/products/coffin-merrion-zoom.jpg)
Anyone care to deliver a eulogy for the US Dollar?
Afterall, it was rather good to us, ...while it was alive and well.
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care to tell us how the appreciating dollar is responsible for the epic gas prices?
goodness gracious youre an uninformed moron...
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That's too complicated. Just buy some m-caps ;)
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care to tell us how the appreciating dollar is responsible for the epic gas prices?
goodness gracious youre an uninformed moron...
Actually, you've got that backwards, ...the dollar is DEpreciating. Going down in value. Losing purchasing power.
Loss of purchasing power = having to fork out more, in order to acquire the same thing.
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Actually, you've got that backwards, ...the dollar is DEpreciating. Going down in value. Losing purchasing power.
Loss of purchasing power = having to fork out more, in order to acquire the same thing.
go back to the beginning of the thread jagson, your premise was that the depreciating dollar was responsible for the all time high gas prices this year.
to bad the dollar has appreciated or gone side ways since last year...dip shit salesman doesnt even know what the shit she is talking about.
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http://www.bloomberg.com/news/2012-02-03/dollar-appreciates-as-u-s-adds-more-jobs-damping-fed-s-easing-outlook.html (http://www.bloomberg.com/news/2012-02-03/dollar-appreciates-as-u-s-adds-more-jobs-damping-fed-s-easing-outlook.html)
Dam liars. :D
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http://www.bloomberg.com/news/2012-02-03/dollar-appreciates-as-u-s-adds-more-jobs-damping-fed-s-easing-outlook.html (http://www.bloomberg.com/news/2012-02-03/dollar-appreciates-as-u-s-adds-more-jobs-damping-fed-s-easing-outlook.html)
Dam liars. :D
what are you talkning about?
jagson told me that the reason gas was at all time highs this year over the last few was b/c the dollar had depreciated and that I should buy gold that she will hold for me to help stave off starvation when the US goes to shit?
how can this be???
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what are you talkning about?
jagson told me that the reason gas was at all time highs this year over the last few was b/c the dollar had depreciated and that I should buy gold that she will hold for me to help stave off starvation when the US goes to shit?
how can this be???
Perhaps its magic? Or karma has finally caught up with the Evil USA.
All i know is i am finding out what ever position is best, placing myself there, popping pills in the gas tank, and praying for forgiveness for my sin of being an American.
That's my story and i am sticking to it.
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The Dangers of an Interventionist Fed
A century of experience shows that rules lead to prosperity and discretion leads to trouble.
BY JOHN B. TAYLOR
America has now had nearly a century of decision-making experience under the Federal Reserve Act, first passed in 1913. Thanks to careful empirical research by Milton Friedman, Anna Schwartz and Allan Meltzer, we have plenty of evidence that rules-based monetary policies work and unpredictable discretionary policies don't. Now is the time to act on that evidence.
The Fed's mistake of slowing money growth at the onset of the Great Depression is well-known. And from the mid-1960s through the '70s, the Fed intervened with discretionary go-stop changes in money growth that led to frequent recessions, high unemployment, low economic growth, and high inflation,
In contrast, through much of the 1980s and '90s and into the past decade the Fed ran a more predictable, rules-based policy with a clear price-stability goal. This eventually led to lower unemployment, lower interest rates, longer expansions, and stronger economic growth.
Unfortunately the Fed has returned to its discretionary, unpredictable ways, and the results are not good. Starting in 2003-05 it held interest rates too low for too long and thereby encouraged excessive risk taking and the housing boom. It then overshot the needed increase in interest rates, which worsened the bust. Now, with inflation and the economy picking up, the Fed is again veering into "too low for too long" territory. Policy indicators suggest the need for higher interest rates, while the Fed signals a zero rate through 2014.
It is difficult to overstate the extraordinary nature of the recent interventions, ...
http://online.wsj.com/article/SB10001424052702303816504577307403971824094.html (http://online.wsj.com/article/SB10001424052702303816504577307403971824094.html)
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http://www.bloomberg.com/news/2012-02-03/dollar-appreciates-as-u-s-adds-more-jobs-damping-fed-s-easing-outlook.html (http://www.bloomberg.com/news/2012-02-03/dollar-appreciates-as-u-s-adds-more-jobs-damping-fed-s-easing-outlook.html)
Dam liars. :D
Your link is 2 months old. The few pennies increase was the result of what?... a concerted co-ordinated effort by central banks to smash the price of gold. This in turn produced a 'sale' on gold prices, at that time, allowing people like me to pick it up at bargain basement prices.
And guess who else gets gold on sale then, ...yep, you guessed it... Central Banks!
Gotta love these market manipulators. On the one hand, they want to suppress the price of gold in order to make the counterfeit funny money they're able to create out of thin air more desireable for the masses, ...so they smash the price of GOLD. But at the same time, they're desperate to get their hands on the yellow metal as well to refill their empty coffers, and like a woman after my own heart, they too can't resist a good sale
The manipulation doesn't last long though, ...but that's ok. It lasts long enough for me and others to make our moves, because our suppliers' prices lag the market by 24 hrs. Hindsight is always 20/20 and when we see what GOLD does today, ...we know what our prices will be tomorrow. :)
So far today GOLD is up over $12, which makes today an ideal buying day for us, because we're still on yesterday's prices, and we know tomorrows prices will increase, just like when we see market prices drop, we know we can wait to purchase knowing our supplier's prices will also go down the next day.
Each day/s market spot price increase simply reflects depreciation in the dollar.
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Perhaps its magic? Or karma has finally caught up with the Evil USA.
All i know is i am finding out what ever position is best, placing myself there, popping pills in the gas tank, and praying for forgiveness for my sin of being an American.
That's my story and i am sticking to it.
(http://www.jaguarenterprises.net/images/rotflmao.gif)
Thanks for that laugh OzmO... That is a very wise course of action indeed. And OzmO, ...you in particular need to pray even harder. ;)
The Dangers of an Interventionist Fed
A century of experience shows that rules lead to prosperity and discretion leads to trouble.
BY JOHN B. TAYLOR
...Unfortunately the Fed has returned to its discretionary, unpredictable ways, and the results are not good. Starting in 2003-05 it held interest rates too low for too long and thereby encouraged excessive risk taking and the housing boom. It then overshot the needed increase in interest rates, which worsened the bust. Now, with inflation and the economy picking up, the Fed is again veering into "too low for too long" territory. Policy indicators suggest the need for higher interest rates, while the Fed signals a zero rate through 2014.
It is difficult to overstate the extraordinary nature of the recent interventions, ...
http://online.wsj.com/article/SB10001424052702303816504577307403971824094.html (http://online.wsj.com/article/SB10001424052702303816504577307403971824094.html)
Well looks like even the Wall Street Journal thinks Fed Monetary policy is at fault
(http://www.jaguarenterprises.net/images/gavel.jpg)
The verdict is clearly in!
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its pointless debating a person who not only is willing to be ignorant but also has an agenda in pushing that ignorance...
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its pointless debating a person who not only is willing to be ignorant but also has an agenda in pushing that ignorance...
Samson is one delusional bird.
Canada sucks.
Not even enough clout in the entertainment business to get on Hollywood Squares.
And Canada sucks.
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its pointless debating a person who not only is willing to be ignorant but also has an agenda in pushing that ignorance...
That's why I choose to no longer debate with you.
I refuse to argue with stupid ignorant people, ...especially those like you who actually take pride in that ignorance.
You'll just drag me down to your level, ..and then beat me with your experience.
Have fun... by the way... I'm still rooting for you to get those co-ed locker rooms you've had your heart set on for so long. :D
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Post of the year goes to Tony.
He made Samson/Jag/BettyB/24KT submit a post that:
1. contained no links
2. was less than 1,000 words
3. didn't try to sell gas pills, women's empowerment by shopping, or gold
4. had only one emoticon
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Canada Sucks alright ...like a Hoover Vacuum cleaner!
(http://www.jaguarenterprises.net/images/money+vacuum.jpg)
We sucked big time, ...when we skillfully launched & executed a currency war against you... right out in the open.
We devalued our currency 40% against yours, and sucked the money & jobs right out of your country, paid down our deficit and skyrocketted our exports. We kept it up for 2 decades, and y'all didn't even see it happening. LOL! ...IN YOUR FACE BABY!!! You just pounded your chests chanting we're #1, fooling yourselves into thinking everything was great. Now you and the rest of the world think you can try that same strategy, Ha!
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Post of the year goes to Tony.
He made Samson/Jag/BettyB/24KT submit a post that:
1. contained no links
2. was less than 1,000 words
3. didn't try to sell gas pills, women's empowerment by shopping, or gold
4. had only one emoticon
OK, I will grant him that one. lol.
(http://www.jaguarenterprises.net/images/em/embarrassed.gif)
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Canada Sucks alright ...like a Hoover Vacuum cleaner!
(http://www.jaguarenterprises.net/images/money+vacuum.jpg)
We sucked big time, ...when we skillfully launched & executed a currency war against you... right out in the open.
We devalued our currency 40% against yours, and sucked the money & jobs right out of your country, paid down our deficit and skyrocketted our exports. We kept it up for 2 decades, and y'all didn't even see it happening. LOL! ...IN YOUR FACE BABY!!! You just pounded your chests chanting we're #1, fooling yourselves into thinking everything was great. Now you and the rest of the world think you can try that same strategy, Ha!
that is why Americans are leaving in droves for Canada
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that is why Americans are leaving in droves for Canada
Just the smart ones who are even qualified enough to get landed immigrant status. I meet a ton of them all the time.
Many others are going to South America & Australia. Pretty soon the borders will be closed and many Americans will not be permitted to leave the country though.
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Just the smart ones who are even qualified enough to get landed immigrant status. I meet a ton of them all the time.
Many others are going to South America & Australia. Pretty soon the borders will be closed and many Americans will not be permitted to leave the country though.
Oh dear you're an idiot. Canada is more dependent on America than America is to Canada.
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Just the smart ones who are even qualified enough to get landed immigrant status. I meet a ton of them all the time.
Many others are going to South America & Australia. Pretty soon the borders will be closed and many Americans will not be permitted to leave the country though.
You're as delusional as a "natural bodybuilder."
If you meet these "tons" of smart, talented people, why can't you get even one of them to help you find a real job or at least get back into B-grade movies instead of shilling crap "products" and "services" on a bodybuilding website?
An "iron curtain" around the USA... oh, brother ::)
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Oh dear you're an idiot. Canada is more dependent on America than America is to Canada.
When did I ever say Canada was not dependent on the USA?
With over 70% of our exports going to the USA, we're very dependent on the USA to buy our goods.
We are in a very perilous situation because soon your country will not be able to buy much of anything.
Your country is so cash strapped and sooo desperate to take the most amount of money it can from you that they have now passed a bill, ...one that passed overwhelmingly in the senate. Bill 1813 will revoke your passport if you are more than 50K behind on your taxes, and were not in some type of repayment agreement.
There are millions of Americans that fall into that category.
They view you as a tax slave a cash cow to be milked & milked, just a revenue source for the state.
(http://www.jaguarenterprises.net/images/manupsidedown.gif)
If you are behind in your student loans, no transcripts, they are held for ransom.
There is no statute of limitations on student loans. they will chase you to the grave to collect.
I can't help but think there is something perverse about a system that puts a statute of limitations on rape, but will restrict your right to travel, or will hunt granny to the grave for an outstanding student loan.
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Got a nice delivery of silver Canadian maple leafs , US Silver Eagles, and Copper Ron Pauls as well as Austrian Philharmonics today - in hand.
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If you are behind in your student loans, no transcripts, they are held for ransom.
There is no statute of limitations on student loans. they will chase you to the grave to collect.
I can't help but think there is something perverse about a system that puts a statute of limitations on rape, but will restrict your right to travel, or will hunt granny to the grave for an outstanding student loan.
according to you hyper inflation is here, you do know that inflation is a good thing for those in alot of debt right?
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Problem w inflation is that it rarely ever results in higher wages to workers to pay off TJE higher. Pices and debts as they are too far removed from the money creation scam.
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Problem w inflation is that it rarely ever results in higher wages to workers to pay off TJE higher. Pices and debts as they are too far removed from the money creation scam.
Agreed.
Inflation never coincides with a comparative increase in wage, so in effect every year peoples wages go down. Its like every year you dont get a raise, youre actually getting a pay cut. The debt thing would make sense if people were making more money every year to coincide with the inflation - as effectively the debt would be smaller and smaller every year - but thats not really how it turns out in reality. In reality, people wind up paying more and more for their everyday items while not making anymore money, which results in less money that they can put towards their debt. That results in people not being able to pay their bills and still live, which makes Inflation crushing to the blue-collar worker.
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Agreed.
Inflation never coincides with a comparative increase in wage, so in effect every year peoples wages go down. Its like every year you dont get a raise, youre actually getting a pay cut. The debt thing would make sense if people were making more money every year to coincide with the inflation - as effectively the debt would be smaller and smaller every year - but thats not really how it turns out in reality. In reality, people wind up paying more and more for their everyday items while not making anymore money, which results in less money that they can put towards their debt. That results in people not being able to pay their bills and still live, which makes Inflation crushing to the blue-collar worker.
Don't know about you - but the central planners in DC don't seem to grasp this concept do they? This is why the utopian statists like obama, Krugman, Bush, Kerry, Pelosi, Bernake, are so dangerous. They promise all sorts of utopian bs financed by debt and the only way to cover over their failures is to borrow and inflate even more!
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Bill 1813 will revoke your passport if you are more than 50K behind on your taxes, and were not in some type of repayment agreement.
There are millions of Americans that fall into that category.
They view you as a tax slave a cash cow to be milked & milked, just a revenue source for the state.
If you are behind in your student loans, no transcripts, they are held for ransom.
There is no statute of limitations on student loans. they will chase you to the grave to collect.
I can't help but think there is something perverse about a system that puts a statute of limitations on rape, but will restrict your right to travel, or will hunt granny to the grave for an outstanding student loan.
owing taxes and not paying back money lent for student loans doesn't seem like it matters to you ???
you have a skewed sense of responsibility .. but then again you have a skewed sense of many things
owing anyone money for anything and thinking that if you wait it out long enough it should be considered a forgiven debt is just an irresponsible and disgusting thought process
good god you make asinine statements
there's no denying that there are people in this world that are out for anything they can get from others instead of being an upstanding person and doing what is right and not looking to take advantage of anyone else for their own prosperity .. they are not people of integrity and in fact are deviants that have self absorbed egos and think they are above the standard person that wants to be honest ..that work and pay for what they get without trying to get away with schemes that can be to their own benefit in perverse ways
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owing taxes and not paying back money lent for student loans doesn't seem like it matters to you ???
you have a skewed sense of responsibility .. but then again you have a skewed sense of many things
owing anyone money for anything and thinking that if you wait it out long enough it should be considered a forgiven debt is just an irresponsible and disgusting thought process
good god you make asinine statements
there's no denying that there are people in this world that are out for anything they can get from others instead of being an upstanding person and doing what is right and not looking to take advantage of anyone else for their own prosperity .. they are not people of integrity and in fact are deviants that have self absorbed egos and think they are above the standard person that wants to be honest ..that work and pay for what they get without trying to get away with schemes that can be to their own benefit in perverse ways
sniff sniff... what's that smell? Oh ya, ...the distinctively disgusting stench of pork!
You might want to re-read my statement. looks to me like the only one skewing anything is you.
I didn't say it was ok not to pay back money lent. I said there was something perverse about a system that puts a statute of limitations on rape, but will restrict your right to travel, or will hunt granny to the grave for an outstanding student loan.
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sniff sniff... what's that smell? Oh ya, ...the distinctively disgusting stench of pork!
You might want to re-read my statement. looks to me like the only one skewing anything is you.
I didn't say it was ok not to pay back money lent. I said there was something perverse about a system that puts a statute of limitations on rape, but will restrict your right to travel, or will hunt granny to the grave for an outstanding student loan.
you brought that smell with your return 8)
it's always fresh and new smelling when you're not here
your word "ransom" and saying "hunt granny to the grave" clearly shows what you think
no matter .. at your age people tend to forget things they say and always continue to repeat the same thing they've already spoken about a million times
it's either beginning stage of dementia or spamming that drives you to be on a bb board and incessantly post about your latest get rich quick schemes
we'll go with spamming since you even scatter the nonsense to the Nutrition board
you are relentless with your advertising desires
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http://the-moneychanger.com/answers/ten_commandments_for_buying_gold_and_silver
Pretty good article here.
I have been buying more silver than gold since gold ties up more of your wealth in smaller coinsm etc.
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http://the-moneychanger.com/answers/ten_commandments_for_buying_gold_and_silver
Pretty good article here.
I have been buying more silver than gold since gold ties up more of your wealth in smaller coinsm etc.
I absolutely agree with the general principles outlined in those 10 Commandments below except IV:
Ten Commandments for Buying Gold and Silver
I.Always take delivery.
II.Never buy premium if you can avoid it.
III.Buy bullion for business, numismatics for fun.
IV.Buy silver first, then gold.
V.Buy small gold first, then large.
VI.Never buy exotic coins or modern rarities or anything you don't understand.
VII.Know your dealer.
VIII.What governments can't find, they can't steal.
IX.Never swap bullion coins for U.S. $20 gold pieces.
X.Never break the law.
However, I disagree with some of their answers to their FAQs.
For one, I don't believe people should be buying government issued gold. I prefer the term acquiring as opposed to buying, because I don't really consider it buying gold. I view it as an exchange of (bad money) for (good money). Taking one form of currency that is subject to all sorts of counter party risk (ie: inflation, devaluation, government promises, government debt, etc.,) and is rapidly loosing purchasing power, for another form of currency, one that is increasing in purchasing power, and has proven itself to be a reliable & historic store of value for the past 6,000 yrs.
But anyways, back to my point, I don't think most people understand that when they have government issued gold, they are NOT the owners of that gold. They are merely the bearers of the gold. The gold is still owned by the government and is subject to recall. If and when that were to occur, the government would only be required to compensate you for the face value listed on that coin, regardless of the value of the gold content in the coin. These days, many argue that the chances of confiscation are remote, and I may tend to agree, however, precedent for confiscation has already been set. Furthermore, we see so many things taking place that leaves a great deal of uncertainty when it comes to government issued gold. it wasn't too long ago that Saddam was getting the keys to American cities, being considered a friend and ally, next thing you know, he is an enemy. The same with OBL, Noriega, etc., and not just politicos, but also countries too. Iran, Iraq, Pakistan, South Africa etc., have all gone from friend to foe. I remember when South Africa was under sanctions. Good luck liquidating a krugerrand during those times. I believe privately issued gold is far superior to anything issued by any government.
In addition, if at any time you chose to leave a particular country, having your money in government issued gold, makes you subject to arbitrary laws, rules & regulations that may be put in place precluding your ability to take money out of the country. Try taking more than $50 out of Nigeria?
Where I most vehemently disagree with that page, is where they say that the purity of the gold makes no difference. It makes all the difference in the world. Only GOLD that is 999.9% pure can be considered monetary gold that would be recognized as a gold currency in 194 countries around the world. in addition, if the gold that you acquire is not 999.9% pure, or not LBMA certified, it is not considered monetary gold currency by banks or financial institutions around the world. It is also taxable. Furthermore, if at any time, you want to liquidate what you have and exchange it back into fiat paper currency, the burden of proof is on you to prove that what you have is genuine gold, and not something else. Gold coins can and have been counterfeited from time to time. there's plenty of gold plated tungsten out there.
I believe that there is a huge potential upside for silver, unfortunately HSBC has such a huge position in silver, and despite Andrew Mcguire's revelations 2 yrs ago, we still have not seen any CFTC action against HSBC. While silver is certainly more affordable for the average person, it is also more vulnerable to price suppression, and manipulated volatility. Don't get me wrong, I believe Gold is also manipulated & surpressed, however, its far more difficult for them to manipulated the physical market for gold than it is for silver. I'm too adverse to volatility to exchange fiat into silver at this time, ...especially not with HSBC's position in silver.
As for their assessment that gold should be acquired in smaller weights at first, I wholeheartedly agree. Smaller transaction friendly weights allow you to be far more flexible, and don't require you to liquidate a larger unit if you find yourself in a temporary cash crunch.
It doesn't even have to be a poop hits the fan scenario., it can be something as simply as having to get out of town in a hurry (a tornado or hurricane heading in). As we move closer & closer towards the centre of the galaxy, increased solar activity can wreak havoc on satellites, cause bank machines and ATM machines to go down. Last year during the riots in Egypt, authorities shut down all ATM machines. How valueable do you think a piece of certified monetary gold would have been for those who needed to get groceries during that time? And with the outright theft of customer accounts by MF Global, and the CME doing nothing about it... I don't trust banks with my money. I'd prefer to have it stored in gold and vaulted, but that's my personal preference. Others may prefer to have it stored in gold and in their own possession. But whatever you do, make sure you have options. I think Darwin was once credited with saying "It is not always the swiftest, or the strongest that survive, ...but rather those most adaptable to change" ...or something to that effect. That's why I choose the option that empowers me with the most flexibility in any potential scenario.
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I already spent all my gold and silver money in magic gas pills. ::)
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I already spent all my gold and silver money in magic gas pills. ::)
Yet your verbal flatulence continues unabated... you must be full of more hot air than previously thought.
{whispering} pssst: Thoroughly soak your beans in water prior to cooking them.
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Yet your verbal flatulence continues unabated... you must be full of more hot air than previously thought.
{whispering} pssst: Thoroughly soak your beans in water prior to cooking them.
hilarious retort
No wonder you were such a famous actress (at one time).
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hilarious retort
No wonder you were such a famous actress (at one time).
I was never famous, and had no desire to be.
I saw the living nightmare experienced by many of my friends who are famous, ...and wanted no part of that.
When ordinary counter staff you've been dealing with for years, all of a sudden start freaking out & jumping up and down in your presence, asking for autographs and tripping over themselves to be sweet to you, ...when the previous week you were kept waiting while they chatted on their cell phones or with their friends, and given half-assed service like all the other customers, ...it's time to step back before things go any further. lol. It's at times like that, you ponder whether the purchase of a hijab might actually be a good investment. lol.
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I was never famous, and had no desire to be.
I saw the living nightmare experienced by many of my friends who are famous, ...and wanted no part of that.
When ordinary counter staff you've been dealing with for years, all of a sudden start freaking out & jumping up and down in your presence, asking for autographs and tripping over themselves to be sweet to you, ...when the previous week you were kept waiting while they chatted on their cell phones or with their friends, and given half-assed service like all the other customers, ...it's time to step back before things go any further. lol. It's at times like that, you ponder whether the purchase of a hijab might actually be a good investment. lol.
oh, brother ::)
Your entire sorry existence revolves around your desperation for positive attention from someone..anyone
Daddy issues, perhaps? (girls and sons...)
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In any event, I'm getting my gold for FREE
You're either lying or gold is worthless in the estimation of the person giving it to you for free. So which is it?
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Name: 24KT
Posts: 20596 (7.224 per day)
Position: Getbig V
Date Registered: August 08, 2004, 08:20:56 PM
Last Active: May 18, 2012, 09:40:05 PM
beeyotch needs to stay gone
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as for Germany's GOLD, well, that's not in Germany, and whether they can repatriate it, is another story...
...I'm not banking on anything, ...I'm hedging against something that I see as inevitable.
I don't see fiats recovering. They are all in a race to debase, and debasing against each other is ridiculous, ...however, debasing against GOLD is something they are all capable of doing.
In any event, I'm getting my gold for FREE, and can convert it into cash in any currency I choose, as well as shortly, be able to shop with it as well... eventually down the road. Right now, I'm in the accumulation stage, and not yet shopping with it like some of my European counterparts.
Hahaha so your response is a conspiracy theory that fort knox has no gold and Germany can't access theirs? Hahaha Please stop making things up. Your dumb statement about China and India was shown to be false. You can back two countries with less gold than an ETF or you can take a dose of reality, the majority of gold belongs to 4 western countries.
There was something recently about Germany asking us for their Gold, and we told them no.... lol.
60% of it seems to reside in the US -> so gone forever.
A german minister wanted to know the exact amount and "traffic" of german gold and got dissed by the men in power that such info would harm american/german relations.
This a another paramount indicator that politicians are just clerks for a few in higher positions.
It seems that right now there's frantic gold fever among european countries in preperation to reverting back to a currency backed by gold.
BTW, interesting info 24kt.
Keiser Report: Goodbye, German Gold? (E358)
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Golden Haarp & Allocated Gold Exposure
by Jim Willie CB, The Golden Jackass
October 31, 2012
(http://news.goldseek.com/GoldenJackass/goldenjackass.JPG)
A nasty Golden Harp could soon have its cords plucked, with the resonance working to shake loose the bankster cover of improper illicit duplicitous and probably highly illegal usage of Allocated Gold Accounts. When diverse scattered accounts are pilfered and depleted without authorization in Switzerland, resulting in several multi-$billion class action lawsuits in Zurich, all kept dutifully out of the news, that is one thing. But when a few key official government gold accounts are ransacked in systematic fashion from established trusted locations, defying and betraying the trust of the German Govt and other national governments, that is quite another. To be sure, the system can tolerate ransacking and replacing with scurried harried efforts the Venezuelan gold account like in 2011. The media told the story with creativity and aplomb, avoiding the truth, inventing a tale, but finding a credible pile of dung to feed the public, which swallowed it whole. The global monetary war has been raging for four years, ever since the Lehman Brothers firm was targeted and destroyed with planning and motivated execution, for the benefit of Goldman Sachs full CDS redemptions and exploit by JPMorgan in war chest reload under cover of bankruptcy court orders. The media prefers regularly to refer to the global financial crisis incorrectly and improperly. A crisis passes after a year or so. This war lingers like WWI and WW2 and Vietnam, with a clear emerging agenda to defend the USDollar regime from global isolation shun, to conceal the USTreasury Bond support mechanisms in derivatives, to avoid the US banking system from grotesque insolvency but kept afloat by grand money laundering channels, and to motivate an endless war to secure resource thefts and control that center on oil fields and the poppy fields. Witness the slow gradual inexorable collapse of the global monetary and financial system.
This is a global monetary war as last hurrah for the longest running fiat paper currency regime in modern history, which has run from 1971. The current dying regime has been held up by pressure to maintain USDollar support and not diversify away from it. It has been held up by amplified usage of derivative support in the form of Interest Rate Swap contracts, thereby keeping USTBond yields ultra-low in the face of chronic $1.3 trillion USGovt deficits, and creating an illusion of a flight to safe haven. It has been held up diverse comical USFed support in the form of a cornucopia of liquidity programs, to supply the big US banks with never ending bond redemption and carry trade aid. The current dying USDollar regime has culminated in an admitted permanent monetary policy identified by a toxic 0% official rate and the emerging reality of limitless bond monetization. It has been held up profound distortion of economic statistics, which have become almost laughable in the abuse.
To call this a financial crisis is like calling Hurricane Sandy just a bad storm, or calling a devastating drought just a dry spell, or calling raging cancer just a growth aberration, or calling a rape violation just an unfortunate encounter, or calling a death sequence just a passing, or calling a business bankruptcy just a bad skein on its account, or calling a home foreclosure just an opportunity to clean house. The nation and the world are undergoing a death sequence for the USDollar regime, and a vigorous corrupt defense to extend its life, in order to maintain power, to continue gigantic thefts, to perpetuate gigantic bond frauds, and to enable foreign account thefts of the traditional type and related to gold. The hidden motive in the Libyan overthrow of Qaddafi was to steal his 144 tons of gold held in London. The banksters needed it. The action and the reporting of the events were typical distractions laced with fiction.
HORRENDOUS STORM DAMAGE
The nation is heavily distracted by the Hurricane Sandy, its wind, its water, the resulting floods, the resulting electrical power outage, and ruined businesses, the controversies over flood damage versus wind rain and storm damage for insurance coverage. Look for Sandy to surpass Katrina in its total storm damage, which was $105 billion in 2005. Basic research indicates Sandy and Katrina had much in common, as the mad scientists attempt to play god. The efforts to produce a mild winter a year ago might have had a sling shot effect of generating a potent drought. The path was open for a unique storm, called once in a century, for the NorthEast. My memory is clear of the last hurricane to hit the region, which was Julia. The Jackass taped windows in the Boston area all for naught, since the 50-60 mph winds were nothing but a nuisance and cause for numerous downed trees on power lines. This storm is for the history books, perhaps retaliation by Mother Nature for messing in her kitchen, maybe worse. She always reaps her wrath and delivers her vengeance. The High Frequency Active Auroral Research Program has a shady sinister tone, but it is beyond the scope of the Hat Trick Letter. What Mengele was to medicine, HAARP is to meteorology. What Fort Dietrich is to viral weaponry, it is to weather control and seismic generations. What Monsanto is to modified genetic foods, it is to weather developments. The public seems laughably ignorant of devices to produce earthquakes and to amplify then steer storms, with nuclear power packs. Tesla notes and dreams have indeed come to life. Some personal contacts have close colleagues who actually worked on the project for the Boyz.
The delusional dopey derelict US economists have surfaced with their errant vacant viewpoints of a reconstruction benefit boost to the USEconomy. If only all could break windows and direct garden hoses in living rooms, the national economy could recover quickly. The key news item is that finally the New York Stock Exchange was finally shut down for two days due to uncontrollable liquidity and its widespread damage, due to a Hurricane Sandy Weill margin call on systemic failure. No amount of high frequency flashes to dry out the systems could succeed. No amount of plunge protection teams could open the drains beneath the damage. No amount of derivative exercises could bring workers to the trading pits.
The storm damage is estimated at $20 to $25 billion, again in a process divorced from the real world. Recall the Fannie Mae bailout estimates for $50 to $100 billion at first. Recall that the Iraqi War costs were $200 to $400 billion at first. The Jackass cited cost forecasts multiples higher, all accurate. Quick footnote on storm aftermath. Think Desert Storm, or Desert Shield, or whatever mucky name they offer. The yellow painted bricks taken from the Iraqi central bank were really gold bricks, stolen, then covered by a lame news network story gobbled up by the incredibly braindead public. In a few weeks, some concocted story might emerge about how the New York Fed was without electrical power, its vault systems left unsecure.
The Hurricane Sandy storm damage will reach far past the $100 billion level, probably closer to $200 billion. The center of the impact was the NorthEast, the most densely populated area of the country. Already 20% of the entire US population has been affected, with almost 7 million homes without power. Insurance firms will be depleted, at a time when their income has been hampered by the ultra-low USTBond yields, coupled with mortgage bond losses. The USFed will receive a big boost in destroying final demand, as the central bank has conducted a hidden agenda to keep commodity prices down by harming the general economy and thus reducing final demand. They will next enjoy hypocrisy of high order, as the economy pauses, then energizes with rebuilding and cleanup. The central bankers will talk of a boost and stimulus. The price of lumber and cement might become a problem later on. Time to fix the broken windows and mop up the flooded living rooms. It is all good, as people are back to work, the economic recovery enhanced.
GOLD WAR STAGE SET
Back to the topic today. The global monetary war has escalated. It began with a profound bond fraud backed by mortgages, often with duplicate usage of income streams. It extended to sovereign bond wreckage, from deep government deficits, from wasteful bank aid to ward off insolvency, and lost trust of heretofore sacrosanct bonds. The war continues. It extended to the desperation by big Western banks to redeem their bonds by USFed and EuroCB largesse, even if illegal, even if unsterilized, even if the averted liquidations wreck the national economies, even if the actions directly result in a higher cost structure, even if bank runs are inevitable. It extended to destabilize further the fragile Middle East nations already beset by rising food prices, so that the departing leaders could either leave with gold wealth (see Tunisia) or have their foreign accounts stolen (see Libya). Tiny Ghana demanded its gold return from London, but suddenly its leader showed up dead. Syria does not have oil wealth, but it does possess valuable ports (see Russian naval port in Tartus). The global monetary war extended to collateral grabs and seizures, like in Greece, but with an entire table full of similar attachments being done in Italy, Spain, France, Portugal, and elsewhere, mostly in deep secrecy. It extended to exert extreme pressures on the European Commission to bend the rules, and to European Central Bank to bend the rules, and on the German High Court to bend the rules. The banker elite require rule changes in order to perpetuate the redemption of their busted portfolios at public expense from additional government deficits. One must be a billionaire to receive public aid, as the commoners need not apply.
[THE GOLD WAR BEGINS
The absence of solutions offered has forced the major central banks into heretic caustic and destructive policies that are stuck in place. The nations involved are all uniformly subjected to the 0% corner, with their monetary spew reaching all corners of the world. The US Federal Reserve leads the way in justifying the highly destructive ZIRP and QE, the powerful 0% free money clarion call joined by endless bond monetization to pay for the wide stream of federal deficits. The Weimar America has produced a Pied Piper effect among the major central banks, coerced by a powerful Competing Currency War factor, where all must join or see their currencies rise to dangerous levels, sufficient to render deep economic damage in the vaunted export trade. The USFed in effect attacks the successful coveted export trades by monetary recklessness. The impact from the Global QE to Infinity, which the Jackass made reference to in 2011 long before other analysts, is to cause a defense from currency debasement. Wealth is under heavy attack. The impact has caused an undercurrent by the US and UK bankers in pursuit of gold supply to satisfy demands, like from Venezuela. The principal sources of gold continue to be the Bank of England, the Bank For Intl Settlements, and the Roman catacombs. The elite are having their gold vaults raided, done as loans to the major central banks and bullion bank centers. Resentment builds.
Alternative supply sources have been urgently needed, thus the project in Libya. Thus the MFGlobal thefts. The list goes on, but the need is rising far faster than the channels can be supplied. Desperation has set in with the major bullion bankers and their clever craftsmen who manage markets with leverage, derivatives, and propaganda. The Gold War is escalating, as the insolvent bankrupt and desperate Western bankers are resorting to whatever means to locate gold assets. They have a two-fold double whammy at work. They must find new gold supply in order to shore up their own insolvent systems based upon gigantic flawed paper structures built atop debt structures. They must also find new gold supply in order to satisfy gold demands within the LBMA and COMEX, or else face market defaults that expose the acute shortage of Gold & Silver. The MFGlobal theft of private accounts was a direct assault and crime scene designed to satisfy a Silver market demand delivery schedule. Investors awaiting silver delivery had their accounts stolen. While permitted by regulators and the courts, the warning was given for a call to arms to protect and preserve true wealth held in gold accounts. It must be located and secured before it is stolen by the London and New York bankers.
continues...
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...continued
OFFICIAL GOLD REQUESTS AS ESCALATION
The bond fraud and gold market fraud and futures brokerage fraud and central bank bond monetizations, and desperate reactions to insolvent broken national banking systems, and continued flow of government red ink in deficits, all these activities have motivated nations to check their gold bank accounts. What they see scares them witless, but it pushes them into action. The demand by Chavez in Venezuela over a year ago served as a stark wakeup call. Imagine mature experienced savvy German bank officials observing a socialist backwater Latino renegade like Chavez leading the way in defense from Western banker corruption and colossal thefts. Finally, the Germans are taking action. They tried in September to view their gold account in the New York Fed, but were turned away with insults and disdain. Word has come that the shun event in the Big Apple was probably the fifth time in the last few years that a German delegation has been turned away. The situation is as complex as it is dicey. The Germans under the Deutsche Bank flagship had been a principal accomplice and cooperative partner in the great gold game, where as a large collusive group they leased national gold, dumped it on the market, supported their paper currencies, while the banking elite speculated and profited in the $trillions on leveraged bets that were basic betrayals of their nation. The Jackass prefers the words financial treason. To use the metaphor, the Golden Harp will be busy causing deep damage to the global financial structures, from its broken bond foundation to its uncollateralized major currencies. The Golden Harp will act as a great destroyer from the financial tectonic plates that stand as the faulty bond foundation, to the stormy ether in which the baseless currencies float in infinite volumes.
Some historical research reveals that the infamous Brown Folly had a basis in aiding Deutsche Bank. The Bank of England was directed to sell a huge lot of its national gold treasure between 1999 and 2002 to mark the Gold market bottom. It was not sold, but rather handed to D-Bank in order to satisfy a big margin call. They aided both D-Bank and Goldman Sachs, each heavily short and at risk. The Gordon Brown action was done with two unusual signpost markings. The sale was announced in advance, thus permitting front running by London and New York bank buddies. It was done in auction, to assure the lowest possible price. The actions set the low. But the actions bailed out D-Bank secretly. The aid to GSax was one of a string of ugly pearls, which the arrogant elite firm never seems to mind and never bothers to cover up too effectively. They benefited from the TARP Funds as #1 son in the family. They did work feverishly in 2009 to conceal their Unix box for tapping into the NYSE for peeking at trades, front running them, and skimming pennies on billions of trades. They enlisted the help of the FBI to arrest the Russian rogue, painting him as a villain, even prosecuting him, despite the clear legal violations from the GSax tool. He tried to show the world what scum GSax was, how they were common criminals in white collar crime. Back to Germany.
In the summer 2012 months, a significant sequence of events took place. The CEO Josef Ackerman was ousted finally. Few realized that his removal was a key event in the change of tide against the Western banker elite. The story went largely unreported. As leader of D-Bank during many years of solid cooperation with London and New York banker games and gimmicks, he knew too much. My best info source reported last spring that several Interpol agents and high level investigators occupied Ackerman's office while he was present. They obtained files, downloaded documents, and had their way. The shocked CEO made a phone call to an attorney, and was frustrated at the lack of pull. He made another phone call to a ranking judge, but again was frustrated at the lack of pull. He was told that the raid was done from a higher level than the German Govt. The Jackass was told that the raid was the work of a powerful new sheriff in town, with Eastern entity connections, hell-bent on justice, with a no nonsense attitude, with staggering wealth at their disposal.
The global monetary war extended in March, April, May, and June to a profound powerful run of gold bullion by Eastern entities against London banks. Margin calls of unusual type prevailed, where cash cannot satisfy the margin calls, where wrecked leveraged bets on currencies and bonds demand action taken to fortify the margin. In all, approximately 6000 metric tons have departed London bank vaults since March, all headed East, in the biggest raids in modern history. The US press, London press, and Western European press have been silent. The silent spring reminds one of the missing bird chatter from DDT decades ago, chronicled by Rachel Carson. The toxic paper has a chemical parallel. These London trades have been the object of Jackass study for a couple months. My firm belief, backed up by hints of confirmation from sources, indicates the Eastern pressures on London banks could involved enormous amounts of Official Gold Accounts and private Allocated Gold Accounts, improperly used (rifled, pilfered, stolen) for the original margin placement. Satisfy the margin call with like kind asset. Conceal the gold account seizures, but in the process the owners recall their gold bullion in huge volumes, with deals cut and secrecy maintained. The London bankers find their nether onions caught in a powerful vise, and the Easterners are hardly in the mood to relieve the pressure.
GERMAN AND DUTCH DEMANDS
The German Govt demands a full accounting of its official gold accounts held in foreign lands. They demand a careful accounting that involves inspections, weighing, assurance of gold proof, and examination of markings, perhaps even some testing of bar cores. They demand an accounting that cites locations and storage. They demand a full complete audit. The distrust is thick. James Turk, founder of Gold Money, believes the German gold is all gone, used up in the two decades of gold games that defended the fiat paper currency regime. He lives and works in London, has ties there, and probably is privy to the grapevines. The order is part of a compromise between the German central bank and the Audit Court, which has called on the Bundesbank to take stock of its gold holdings outside Germany, saying it has never verified their existence. Apparently, no longer will the word of the New York Fed or the Bank of England be sufficient. They have been caught lying too often. They have been implicated in deep bank corruption too often. They are being depleted of their gold, in regular shipments to cover the demands, the evidence for which is detailed in the October Hat Trick Letter. Call it backlash from the Quantitative Easing and infinite endless unlimited bond monetization that is an absolute guarantee of systemic currency ruin. Call it a backlash from the sequence of rogue bond redemption plans declared by King Draghi at the Euro Central Bank. The Western Governments are scurrying to locate their Gold reserves, realizing that Gold is the only wealth asset they possess, except for the buildings and edifices that house their depleted gutted central banks.
My firm belief is that the Gold Wars have reached a new level, where Germany will be disappointed when it learns the gold is gone. To be sure, big distractions and absurd excuses will be offered. The pressure is on. The Dutch have joined the movement in making demands on London and New York. The call to the corrupt fortress is plain: WHERE IS OUR GOLD?? Maybe like with Jericho, after several calls the walls will fall. The irony is thick, since for 20 years the Western leaders have proclaimed gold as a barbarous relic that pays no yield, a dead asset. So the Germans with Dutch echo want a full accounting of their prized so-called dead asset, which in the end will provide salvation when the new monetary system is put in place. That system is ready, with full trade settlement foundation. It awaits the monetary system full collapse.
The outcome will be shown soon enough. The London and New York bankers improperly used the German gold, and official gold from numerous accounts like from France and Spain, from Venezuela to Mexico, to enforce the Strong Dollar Policy and to defend against its collapse. The Mexicans this month performed a formal genuflection before the London Banker Kings, announcing no need to repatriate their gold, as full confidence was expressed. What lackeys, likely offered a bone somewhere. Allocated Gold Accounts have been pilfered with governments as the owners. They will be angry. They must walk a fine line to express outrage but to protect from revelations pointing to their own complicity and benign neglect. The flagship bank of Germany which bears the national name has been deeply involved. In recent months, D-Bank has been cooperating with the Interpol and Intl Court of Hague in pursuing the banker corruption and high crimes against currency, wealth, savings, and humanity. Delicate deals have been struck with D-Bank. It will be interesting to observe how the German demands for gold account audit are met, and how the German Govt reacts to delays and coverup. My belief is that the D-Bank flip was key to the breaking of the LIBOR bank scandal.
GOLD PRICE REACTION
The Allocated Gold Account scandal is at the doorstep. The German Govt demand for full accounting of its foreign gold account is the knock at the door. They were shown extreme disrespect by the New York Fed in September. The recent demand is the consequence, in a ramped up escalation of the conflict, better described as gold war. My best gold trader source has assured that the eruption of the Allocated Gold Account scandal will come in the wake of the LIBOR scandal. They are related links in the exposure of big bank corruption. The LIBOR scandal began the process of investigation, discovery, and action, if not prosecution. Word repeats from key sources that the biggest banker criminals will never see justice. They will just vanish. An important consequence of the LIBOR followup is the lack of trust between bankers. They are all under investigation for collusion, and therefore must be silent as each is subject to indictment and lawsuit damages. The discovery process is unique, as the investigations can legally pursue and request documents, conversations, emails, and testimony that was previously not available. The strong crowbar is being used widely by strong arms and hands, with formidable bodyguards behind them. The Allocated Gold Account scandal is at the doorstep, possibly to break open by German demands.
The official in major nations are catching on. Expect more national government officials to make demands of London and New York. They suspect their national accounts are stolen, replaced by gold paper certificates, kind of an IOU left behind by the thief with defiant signature. Now a new twist. Romania has joined, as they recently demanded a full audit of their national gold account held by the Kremlin. The irony and contrast is due next. Expect the Kremlin to comply with the request from Bucharest. Their responsible response will put additional pressure on the corrupt Anglo banking centers, the site which the Jackass has long described as the center of the financial crime syndicate. The contrast will be embarrassing to the Western financial centers and their leaders, the dons to syndicate power.
The Gold price is sure to respond to the realization that the London and New York bank vaults do not contain the official gold on account. Supply is not in existence, sure to have an effect on price, as demand escalates globally. The trust has been violated. The anger will be acute. The global reaction will be recognition that the Western Governments do not possess the gold they claim to reinforce the integrity and value of their entire monetary systems. What faith remains in the fiat paper system will vanish quickly. Not only are the various sovereign bonds nearly worthless, but the collateral understood to reinforce their value is gone. The monetary system deserves to be foreclosed upon. The global currency system with the USDollar at its center deserves to be removed, replaced, and reconstructed.
Recall Jim Sinclair and his numerous calls between years 2005 and 2007 for a $1560 Gold price. Many called him crazy, but he was proved correct. The critics to the Gold Sound Money Movement still do not show respect. Rather they are loaded with contempt, clinging to failed Keynesian principles and empty beliefs that central banks can install solutions. They are best qualified to manage their gold thefts, manage the heavy narco money laundering, manage the multi-$trillion grants to banker colleagues, manage the bond shell games, and clean up after the mortgage bond frauds. Those are their best work accomplishments. The Gold bull market is entering an important second gear after a long year of consolidation. The feckless idiots who claim the Gold Bull is done seem the most ignorant in the financial classroom, the dumbest and most deficient in mental processes.
The Gold bull market has several primary cylinders.
1) Negative real rate of interest. With official interest rates stuck under 1% by all major central banks, the actual interest rate after subtracting price inflation is deeply negative. This factor has been and will continue to serve as the most important among many factors. It is the gigantic blind spot among gold critics. The long-term USTreasurys offer a mere 2% or 3% at most, far below the prevailing price inflation in the real world. Effective returns are thus negative. Investment in Gold as a hedge against the absent compensation for the erosion of money, it just makes sense.
2) Bond monetization. With unlimited bond purchases from QE1, then QE2, then Operation Twist, now QE3, and on and on until QE175, the debasement of currency is entrenched, absolute, and shocking. The movement is joined by the Euro Central Bank, the Bank of England, the Swiss National Bank, and the Bank of Japan. The debasement of money is powerful and without abatement. Investment in Gold as a hedge against the reckless production of bond supply, it just makes sense.
3) Unsterilized bond purchases. The QE3 admission of associated bond sales was a story not adequately told. In fact, it was a story told by omission. In the past, especially with the deceptive Operation Twist, the bond purchases were often made with funds derived from other bond sales. Like sell short-term USTBills in order to have funds to buy long-term USTBonds. The QE3 details indicate that Weimar Amerika has arrived, with extraordinary bond purchases using printed money. The debasement of money has turned nuclear. Investment in Gold as a hedge against the unchecked debasement of money, it just makes sense.
4) Permanence of QE. In the summer months of 2009, the Jackass was vocal and adamant, claiming that the Exit Strategy was a ruse, an impossible door to depart from the drastic desperate duplicitous central bank monetary policy. My stated forecast was that the ZIRP would remain and become permanent, and that QE would come in force. The buyers of USTBonds are long gone, except for other central banks playing the Competing Currency War games. The USFed under Bernanke announced last month that ZIRP would be extended until the end of year 2015. This is an admission that it is permanent. Every three to four months, they assure another year of permanence. The debasement of money has become a permanent fixture in a broken buggy. Investment in Gold as a hedge against the permanent debasement of money, it just makes sense.
GOLD BULL BILLBOARDS
The Quantitative Easing coupled with Zero Percent Interest Policy are dual firing chambers of a central bank shotgun aimed at destroying money. They will destroy wealth. They will destroy economies. They will destroy banking systems. They have already destroyed the central bank franchise system and bank integrity. Their actions will lead to a global rebellion against the USDollar, a movement well along. They will assure a USDollar isolation. They will bring about a replacement trade settlement system, which is actually almost in place. When combined with flat-footed Iran sanctions, the movement has accelerated to find USDollar alternatives in trade, and to diversify away from US$-based assets held in reserve.
More importantly, the QE and ZIRP assure the Gold price will rise past the $2000 mark, and that the Silver price will rise past the $60 mark. That is the direct eventual unavoidable effect of QE & ZIRP, the signal flares of central bank failure and monetary system ruin. Their permanent monetary easing is incredibly bullish for the Gold price, a guarantee of an endless bull market. As long as the bond monetization continues with the 0% official rate, the Gold bull market will be equally enduring and endless. It is that simple!!
(http://67.19.64.18/news/GoldenJackass/2012/10-31gj.jpg)
The QE & ZIRP assure the breakout to new highs. However, the Allocated Gold Account scandal will assure the Gold price reaches $5000 and the Silver price reaches $200. The scandal has begun. The stage is set. The official Gold Accounts from foreign nations have been taken. Choose your word: improperly used, illicitly seized, illegally stolen, desperately hypothecated. The point is that national gold treasures held in London and New York have vanished over the last 20 years, a process begun with the Clinton-Rubin Admin, continued with the Bush-Paulson Admin, defended by the Obama-Geithner Admin. The names of the administrations must include the Goldman Sachs representative in charge of the USDept Treasury, the guy with the stealing rights, as my friend in Reno colorfully calls it.
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I can't wait for your next get rich quick scheme. Start hoarding Tootsie Rolls, because the government has secret plans to confiscate all of them, and only those with the foresight to keep a stockpile of Tootsie Rolls will survive the inevitable carnage to follow.
samson approved
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I can't wait for your next get rich quick scheme. Start hoarding Tootsie Rolls, because the government has secret plans to confiscate all of them, and only those with the foresight to keep a stockpile of Tootsie Rolls will survive the inevitable carnage to follow.
samson approved
Never mind... Tootsie Rolls have gone up.
I use to be able to get 3 tootsie rolls for $1 at Dollarama, now they're going for 2 tootsie rolls for $1
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Never mind... Tootsie Rolls have gone up.
I use to be able to get 3 tootsie rolls for $1 at Dollarama, now they're going for 2 tootsie rolls for $1
Oh if only someone could package them in a convenient plastic wrapping to prevent the delicious filling from escaping and the moist cake from drying... oh wait. Someone already has! ;D
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[blah blah blah blah bullshit bullshit bullshit] However, the Allocated Gold Account scandal will assure the Gold price reaches $5000 and the Silver price reaches $200. [blah blah blah blah bullshit bullshit bullshit]
LOL. As if that's happening. And to anyone who believes it is, I am willing to enter into a legally binding contract, signed in the presence of a lawyer of your choice whereupon: I will agree to buy at the date of signing up to 100 troy ounces of gold at current prices and place them in an escrow account, to be held in trust by said lawyer for a period of your choosing, not to exceed 10 years.
If at any time prior to the end of the 10 years the price of gold breaks $5,000 per troy ounce you will be entitled to buy the gold held in trust at a price of $1,000 per troy ounce. If at the end of the term the price of gold has not reached the $5,000 per troy ounce mark, then you will be required to purchase all the gold at a price of $5,000 per troy ounce.
If you believe that gold is going over $5,000 per troy ounce in the next 10 years, you can be guaranteed a discount of at least 80% for up to 100 troy ounces of gold without having to put any money up front.
Let's see if there are any takers - my bet is there are none.
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http://www.bloomberg.com/video/soros-is-buying-gold-should-we-SLLb93ZVRiKlWQUQEPXtCA.html <-- video link
Soros Buying Gold as Record Prices Seen on Stimulus
By Nicholas Larkin and Debarati Roy - Nov 20, 2012 4:39 PM ET
Gold’s 12-year rally, the longest in at least nine decades, is poised to continue in 2013 as central bank stimulus spurs investors from John Paulson to George Soros to accumulate the highest combined bullion holdings ever.
The metal will rise every quarter next year and average $1,925 an ounce in the final three months, or 11 percent more than now, according to the median of 16 analyst estimates compiled by Bloomberg. Paulson & Co. has a $3.66 billion and Soros Fund Management LLC increased its holdings by 49 percent in the third quarter
“We see gold as a hedge against the follies of politicians,” said Michael Mullaney, who helps manage $9.5 billion of assets as chief investment officer at Fiduciary Trust in Boston. “It’s a good time to garner some protection in portfolios by having some real asset like gold.”
Gold advanced 11 percent to $1,728.85 in London this year, headed for a 12th consecutive annual gain, the longest streak in data compiled by Bloomberg going back to 1920. Prices reached a record $1,921.15 in September 2011.
Soros increased his investment to $221.4 million. Prices advanced 60 percent since January 2010, when Soros called gold the “ultimate asset bubble.” George Soros made $1 billion breaking the Bank of England’s defense of the pound in 1992, ...but what does he know?
Paulson, who became a billionaire in 2007 by wagering against the subprime mortgage market, is the biggest shareholder, a Nov. 15 SEC filing showed. The 56-year-old raised his stake by 26 percent in the second quarter and his holding of about 66 tons exceeds the official reserves of nations from Brazil to Bulgaria to Bolivia.
...but again, what does he know? 8)
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Why haven't you become a billionaire yet?
Because you're a pathetic no-talent tosspiece who tries to build a scam "business" by copy/pasting articles to "prove" some ever-changing point.
Your gas pills were a scam.
Your women's shopping/empowerment scheme was a scam.
Your sad, tired "cash for gold" ripoff is a scam.
When you're not spamming this board, you're defending pedophiles and terrorists. No wonder you could never get a man to walk the aisle. You can post all the drivel you want about independence, etc., but the fact that you, a former Miss Black Ontario (oh, brother ::) ) is husbandless and childless at your age makes you cry yourself to sleep every night.
I know, I know...you would "enlighten and educate" me, but you're late for a "webinar" ::)