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Getbig Misc Discussion Boards => Industry Business Technology Board => Topic started by: 24KT on September 20, 2010, 01:06:23 PM



Title: The Case for KB Gold aka Karatbars
Post by: 24KT on September 20, 2010, 01:06:23 PM
Swiss Institutions Ask: Where's the Gold?
9/18/2010 - Ron Holland

(http://images.arbp.ch/R.%20Holland.jpg)
Ron Holland

"He who owns the gold makes the rules." – An old adage

Have you ever wondered what would happen if most of the claimed US gold reserves do not really exist? Can Washington continue to operate under its own questionable and often non-existent accounting rules if it doesn't have the gold reserves as promised? Should we worry about the old idiom, "When the chickens come home to roost" when a person, entity or a government pays dearly for a mistake or something bad they have done in the distant past?

Well, the gold has to be somewhere but what if it is in France, Germany and Switzerland rather than in Fort Knox? The price of gold probably wouldn't change much except in dollars which would likely dramatically fall in value as would US Treasury obligations. While the monetary elites and their central banks might prefer to keep the question under wraps, American citizens and foreign holders of dollars and US debt deserve the same full disclosure and transparency as required in the private sector.

Congressman Ron Paul Questions Whether There's Gold at Fort Knox and the NY Fed

Quoting from The Hill website, "Rep. Ron Paul (R-Texas) said he plans to introduce legislation next year to force an audit of U.S. holdings of gold. Paul, a longtime critic of the Federal Reserve and U.S. monetary policy, said he believes it's "a possibility" that there might not actually be any gold in the vaults of Fort Knox or the New York Federal Reserve bank."

Is Washington Still # 1 In Gold Reserves?

Most of the 8,965 tons of gold is supposed to be at Fort Knox and valued at over $350 billion dollars but is this still true today? First the gold hasn't really been audited since the Eisenhower Administration. Although a spokesman for the US Treasury recently stated US gold holdings are audited every year by the Treasury's Office of Inspector General, I fear this is more like the internal audits of Fannie Mae or the supposed audits of Madoff, AIG and Enron.

The Swiss well remember the calls for an audit of Fort Knox made after the 1974 Nixon impeachment following the 1971 Nixon Shock. This action unilaterally closed the gold window and ripped off the nation of Switzerland but the "fake audit" was little more than a photo opportunity designed for home consumption in the United States.

Will the Nixon Shock of August 15, 1971 Be Followed By An Obama Event?

Why should Switzerland and other nations or investors trust the US Treasury? There are ominous parallels between 1971 and today and this is why I support Ron Paul's call to audit the gold at Fort Knox in 2011. In 1971 the costs, deficits and debts of the Vietnam War were worrying foreign nations just like the deficits and overhanging national debt today threaten the dollar and Treasury obligations. Therefore many nations including Switzerland and France began demanding that Washington redeem their dollars for gold as required by the Bretton Woods agreement. Switzerland had redeemed $50 million in paper dollars for gold in July but was stuck with the rest when Nixon arbitrarily and without warning "closed the gold window," ending convertibility between US dollars and gold on August 15, 1971.

I fear that much of Washington's gold reserves were lost back in 1971 prior to the Nixon emergency closure of the gold window and was the reason for the sudden, secret announcement sprung on investors and nations without even consulting other members of the international monetary system. In addition, the world's central banks have kept very quiet when questions arise about whether the Federal Reserve has used the remnants of the US gold reserves through international swap agreements to keep gold prices artificially low and to hold up the dollar earlier in this decade.

Why Trust Washington?

The US Treasury claims to have the gold bullion reserves but why should we believe them? Since the government stretches the truth about almost everything else today, I seriously wonder if they are giving us the true condition about Washington's gold ownership.

A recent poll has shown that 80% of the American people don't trust their government and when you add the 22 million government employees and their families, one could say zero percent of productive Americans in the private sector trust the government. So why should global investors have any more confidence or faith in Washington than the American people?

Just think back over the last few years. From the wars in Iraq and Afghanistan, to the real estate bubble and collapse, the Wall Street meltdown, the Gulf oil spill, the recession that wasn't expected, the recovery that never happened, promised change with Obama, the bailouts from both political parties etc. Can you think of one political promise kept or one true statement out of Washington, the Federal Reserve or Treasury? Therefore why should American citizens, foreign nations or international investors believe for a moment the US has the gold reserves claimed?

Here in Switzerland at Appenzeller Business Press AG publisher of "The Daily Bell" and "Freedom Matters" we believe American citizens certainly deserve a full and complete outside audit of "claimed" United States gold reserves during these trying economic times.

The same can be said in even stronger terms for international investors, central bankers and sovereign funds that have purchased trillions in US treasury obligations. Those who still use the dollar as their currency of choice in business transactions and as a safe haven in times of crisis on the world financial stage need to do their due diligence concerning the US gold holdings out of responsibility to their investors and citizens.

Foreign investors are rightly concerned about accountability and openness about supposed assets when there has been no real audit for decades. Certainly, an audit is required following the regulatory breakdown and oversight of the American financial system and the misplaced trust in institutions like Fannie Mae and Freddie Mac and the Fed which led the world to the brink of another 1930's style collapse. A gold audit is only prudent due diligence and this should be welcomed in order to help restore confidence in the US. It is time to bring down the wall of secrecy and restore confidence and accountability to the US balance sheet. Therefore I endorse Congressman Ron Paul's initiative to audit the American gold reserves.

Do You Know Where Your Gold Is?

Of course, if you have some emergency gold stored in your local safe deposit box or hidden around the house or yard, your gold is somewhat secure but we are talking about large private gold holdings. Maybe the United States should protect and guarantee the existence of much of the American gold reserves formerly held by private American citizens but stolen in Roosevelt's 1933 gold confiscation by looking at the private sector.

How Gold Is Privately Stored in Switzerland?

Gold bullion can be stored in secure, non-bank vaults (we don't trust bank holidays even in Switzerland). They can be insured for full value and stored in a tax-free zone to avoid VAT costs used by large financial institutions and Swiss banks.

Your gold should be fully and safely allocated and stored in-kind in high security vaults and never leased, pledged or used for international swap agreements.

The vaults and gold inventories should be regularly audited by independent third parties including Swiss Customs inspectors as well as audited by one of the private Big Four accounting firms.

Your gold should be a specific amount or number of coins or bars not fractions or digital units promised in some prospectus but not tangibly existent. For example, your holdings should be described as 100 Canadian Maple Leafs or bars of a specific weight. All of this with reasonable and transparent pricing, commissions and storage fees

Liquidity is king with gold ownership and you should be able to take physical delivery or sell promptly and conveniently. You should not be required to show up to take delivery or initiate your transactions. You can effectuate all matters by fax, e-mail, letter, or phone. You are not dependent on the internet as all of this is particularly critical in a severe crisis situation.

Gold delivery should be universal in Switzerland or internationally on a cost basis utilizing respected international high-security logistics firms. You might not be able to travel when banks and stocks markets are closed, or crisis exchange controls and travel restrictions are in place.

Finally concerned gold investors should never trust their wealth to bankrupt governments, corrupt politicians or questionable legal systems and this is why large gold investments above emergency gold holdings should be stored in Switzerland or other secure jurisdictions. Knowledgeable investors should remember Roosevelt's gold confiscation and Nixon's gold shock and defend their wealth accordingly.



What Does the Future Hold For Gold In the United States?

I certainly don't have a crystal ball but if the gold reserves aren't there or in the amounts promised, there is a real risk during a future crisis of another Washington gold confiscation event. Second, rather than trusting vague statements out of Washington, I would give real credibility to how the private sector views Washington gold reserves.

Watch the dollar, watch the price of gold and soon you just may be able check the gambling odds on whether the government will allow a real audit of Fort Knox and also if the amount of gold claimed is really there. Christopher Costigan, publisher of Gambling911 the leading gambling website in the United States indicates that "soon odds and betting may be possible on the questions above thanks to the coming Ron Paul Fort Knox Audit Legislation."

A Call To Washington: Restore Confidence in US Gold Reserves

First a full private audit would do much to assure the world that American gold reserves were not lost during the Nixon Administration and that the gold holdings haven't been accounted away like the Social Security Trust Fund or become little more than a Madoff-style Ponzi scheme of vague paper promises and unaudited assets that do not exist.

We urge Congress to follow the leadership of Ron Paul and to take the initial step to begin the restoration of world confidence in the integrity and openness of the Treasury gold reserves. It is time to put the sorry record of American accountability with non-existent or over-valued assets in Madoff, AIG, Enron and Fannie Mae-style scandals behind us and we can start in 2011 with a full audit of the US gold reserves.

The United States constantly preaches and demands full disclosure, accountability and open transparency to governments, investment industries and financial systems in the rest of the world while failing to keep its own house in order back home. I grew up on a chicken farm in North Carolina and trust me, if and when the chickens come home to roost on the gold reserves, the situation can quickly get very messy. It is time for Washington, the Treasury and the Federal Reserve to come clean and open the US gold reserves to a full and complete private audit.

Otherwise, I don't want to be around when the chickens come home to roost and the sh*t starts flying. Until then, I'm betting against the gold being at Fort Knox and looking forward to the day when I can really bet on this question and put my money on the line but for now just storing gold outside the United States is an easy step to take in the right direction.

An audit will answer the gold reserve questions, secure the US economy and end the worry of American citizens and foreign investors about US gold reserves. It is past time to answer the question, "Where's the gold" and move forward.

Only an audit will tell if the Treasury is holding a Full House or busted and bluffing but I choose not to play a game with my wealth when the stakes are this high. I'm walking away and urge you to do the same.

"You got to know when to hold 'em, know when to fold 'em, / Know when to walk away and know when to run."  ~~Kenny Rogers, The Gambler


Title: Re: Swiss Institutions Ask: Where's the Gold?
Post by: 240 is Back on October 02, 2010, 02:28:21 PM
it's morally right... but it could lead to things collapsing. 

I think i prefer to just let that sleeping dog lie


Title: Re: Swiss Institutions Ask: Where's the Gold?
Post by: 24KT on October 10, 2010, 06:01:52 AM
it's morally right... but it could lead to things collapsing.  

I think i prefer to just let that sleeping dog lie

Others aren't interested in letting sleeping dogs lie or lay or whatever the heck they've been doing.
The gold vigilantes are on the case.

Jim Willie WARNING: The Bullion Banks are loosing control of GOLD & SILVER (http://www.youtube.com/user/JudiEmbden?feature=mhsn#p/u/8/dC2JY2b0XpE)  <-- click here for the YouTube Video


Title: The Case for KB Gold
Post by: 24KT on November 09, 2010, 05:16:26 PM
World Bank chief calls for new gold standard
By Chris Oliver, MarketWatch

(http://www.jaguarenterprises.net/images/Robert_Zoellick.jpg)
World Bank President Robert Zoellick speaks
at an event in Washington in October. / Reuters


HONG KONG (MarketWatch) –- The president of the World Bank said in a newspaper editorial Monday that the Group of 20 leading economies should consider adopting a global reserve currency based on gold as part of structural reforms to the world’s foreign-exchange regime.

World Bank chief Robert Zoellick said in an article in the Financial Times that leading economies should consider “employing gold as an international reference point of market expectations about inflation, deflation and future currency values.”

Zoellick made the proposal as part of reforms to be considered at this week’s G-20 meeting in Seoul.

“Although textbooks may view gold as the old money, markets are using gold as an alternative monetary asset today,” said Zoellick.

He said such a reform would reflect economic realities and should be considered as a successor to the existing global currency paradigm known as “Bretton Woods II.”
Obama and the Taliban

U.S. President Obama offers an olive branch to Afghan militants who want to lay down arms and honor the country's constitution. Video courtesy of Reuters.

Bretton Woods II refers to the system which began in 1971, when U.S. President Nixon ended the dollar’s link to gold as established under the Bretton Woods agreement.

Zoellick said a return to some sort of currency link to gold would be “practical and feasible, not radical.”

“This new system is likely to need to involve the dollar, the euro, the yen, the pound and a renminbi that moves towards internationalization and then an open capital account,” he said.

Chris Oliver is MarketWatch's Asia bureau chief, based in Hong Kong.


Title: Re: The Case for Gold
Post by: 24KT on November 09, 2010, 10:14:59 PM
http://www.youtube.com/watch?v=2-6fJ7BfVa4


Title: Re: The Case for KB Gold
Post by: 24KT on November 11, 2010, 07:09:38 PM

http://www.youtube.com/watch?v=TSX2K9BGtdQ

Is KB Edelmetall AG too good to be true?

Gold - the new global currency...
(http://fbcdn-sphotos-d-a.akamaihd.net/hphotos-ak-prn1/603792_508043685925166_1277418585_n.jpg)

There was a time when gold was money. The world's major economies have experienced a rapid money supply growth of 10 % plus per annum in recent years, and it is not backed up by gold, as in 'the good old days'. But the yellow metal is returning as a store of value when everything else seems risky.

The following information was compiled to assist you in answering the opening question…
“Is KB Edelmetall AG too good to be true?”

Facts about KB:
  • KB Edelmetall AG offers you a secure GOLD “KinebarTM grade” (http://en.wikipedia.org/wiki/Kinebar) and or SILVER Savings Account.
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  • KB owns its own mining, refining and production facilities in Turkey.
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  • Free first delivery on amounts of 100 grams or more
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  • Deposits are optional (just like where you bank now) and you have complete control.
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There are 7 ways to earn monies through KB’s Referral Program

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To be a KB Partner is a great opportunity offered to you.

This savings plan is for a medium term/long term (not just to capitalize on the peaks & troughs experienced in the market, but to benefit from $ cost averaging). Also, because it affects the business plan... [Your income]… the longer the monthly savings plan is in place, the better value for the saver (client) as it takes out major swings in peaks & troughs; as well as also stabilizing the residual incomes for you and your team...  it is a WIN WIN.

KB Gold's Market Niche

Their unique marketing strategy and niche… is to produce and distribute 999.9 pure 24KT currency grade quality gold products in smaller weights - creating a new and more affordable way for more people to buy / sell / own and control the commodity that everyone wants.

The strength and stability of KB's plan is the dollar cost approach. A systematic savings plan backed by kinebarTM quality bullion. In Europe they call it going on "the frip".

The good news is - we now have the very best way to protect our assets and leverage the rising price of gold and silver.

In May of 2008, KB launched a Referral Marketing Program that with awesome mass appeal throughout the world. Many of those that chose to participate, are literally earning walk~away residual incomes.

The highest single payout to date after 18 months as a KB Partner was just under 500K for the month of July 2010.

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Get The Facts and Breaking News!

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Dial in number: (213) 416-1560 pin: 542-635-231#


Ed C: (Quote) There are ways to survive this crisis and maybe the dollar will too. But it will take major reform and most importantly the people of all countries taking the wealth back from the ultra wealthy. As I have been studying and learning about KB Gold one resounding theme you hear in the commentary out there is that wealth is never lost. It is merely transferred. The problem with our monetary system and it is world wide is that it is a Fiat Currency controlled by Private for profit Banks. Where do you think the wealth has gone? I don't go as far as the conspiracy theories that are out there. People have control but it requires us all to take responsibility and take control back. I look forward to helping many people to take back control of their lives through me and not by me. (End Quote).

A quote of the summary from another financial paper... With the bond bull in mortal peril, we may very well be on the verge of a major shift in capital allocation. Rather than trillions of dollars parking in low yielding Treasuries where inflation will eat away any real returns, serious capital is going to start seeking tangible assets like we saw during the late 1970s. This includes gold of course!

If a small fraction of the capital hiding in bonds today shifts into Gold, it is going to make their secular bulls to date look tiny.

The answer to that question (Is KB too good to be true?),is both! It is too good to be true... except it is!

NEWS UPDATES…

Kitco News, [10/5/2010 7:43:00 AM] Gold Powers Ahead to New Record High; No Signs of Market Top

Top investor Jimmy Rogers take on the future of gold prices:
Commodities Rally Still Strong, Gold Will Hit $2,000

- Jimmy has an impeccable track record
Watch the video: http://www.cnbc.com/id/39506845  


UBS (Virt-X: UBSN.VX - news) is recommending top-tier clients hold 7-10 percent of their assets in precious metals like gold, which is on course for its tenth consecutive yearly gain and traded at around $1,314.50 an ounce, near the record level reached last week.

PETER SCHIFF GOLD COULD GO TO $10,000 -
http://www.rumormillnews.com/cgi-bin/forum.cgi?read=184239 (http://www.rumormillnews.com/cgi-bin/forum.cgi?read=184239)


Protect your assets. Open your KB Gold Kinebar and or Silver Account today!

Deposits are exchanged for gold or silver in the exchange rate for that day.
Liquidity - Your gold and silver can be exchanged for cash at any time.
Cash is made available again in a few working days.

Become a FREE KB Gold Partner today!
Simply open a savings account with KB Gold by replying to this post in PM. (Reference: “I want in”)


Title: Re: The Case for KB Gold
Post by: Ron on November 12, 2010, 12:03:37 PM


Pathetic - go ahead - buy some more gold - in three years times, the price will be the same, or lower. 




Title: Re: The Case for KB Gold
Post by: 24KT on November 12, 2010, 03:47:43 PM
For those who believe the price of gold will be lower in 3 years, ...there's always silver.
Me personally, ...I don't believe gold will be lower, I think it will be much higher, ...so do at least 108 analysts:

If by some bizarre occurrence the price of gold is the same, ...then one has accomplished the primary goal which for me and many others making use of KB's services is the preservation of value, ...and the security that comes with the knowledge that a very pragmatic safety net (workable bullion increments) against ridiculous monetary policies is in place. PLUS with the referral fees, we come out ahead don't we? One thing I am certain of is that the value of FIAT currencies around the world will NOT have the same purchasing power in 3 years. The US dollar alone has already lost 40% of it's value in the past 3 years and is currently hovering at par with the Canadian. That's not good imo. I believe a dollar crash is inevitable.


Title: Should I put my US Dollars into Gold?
Post by: Cy Tolliver on November 13, 2010, 02:18:03 AM
Should I do this?

Does anyone here know about this stuff or know where I can buy gold?

Thank you!


Title: Re: Should I put my US Dollars into Gold?
Post by: 24KT on November 13, 2010, 02:33:40 AM
Should I do this?

Yes, I think you should. Actually, I think you'd make out even better putting it in Silver over gold,
...but I believe precious metals are your friend, ...especially in this economy.

(http://fbcdn-sphotos-h-a.akamaihd.net/hphotos-ak-prn1/206311_165402643513689_3609464_n.jpg)

Quote
Does anyone here know about this stuff or know where I can buy gold?

Thank you!

Yes, alot of people do.  :D  brat!  ;D


Title: Re: Should I put my US Dollars into Gold?
Post by: Cy Tolliver on November 13, 2010, 02:44:56 AM
Yes, alot of people do.  :D  brat!  ;D


As much as you annoy people, if that means what I think it means, you're fucking sharp....  ;D


Title: Re: Should I put my US Dollars into Gold?
Post by: 24KT on November 13, 2010, 03:44:12 AM

As much as you annoy people, if that means what I think it means, you're fucking sharp....  ;D

I'm Canadian. We know the importance of keeping our skates sharp.
Besides, being sharp is far more preferable to being dull. Be careful I don't cut you.  ;)


Title: Re: Should I put my US Dollars into Gold?
Post by: Cy Tolliver on November 13, 2010, 03:46:22 AM
I'm Canadian. We know the importance of keeping our skates sharp.
Besides, being sharp is far more preferable to being dull. Be careful I don't cut you.  ;)

I'm trying hard, but i can't not like you...  ;D


Title: Re: Should I put my US Dollars into Gold?
Post by: 24KT on November 13, 2010, 06:56:55 AM
I'm trying hard, but i can't not like you...  ;D

How could anyone not like me?
(http://fbcdn-sphotos-g-a.akamaihd.net/hphotos-ak-ash4/428737_508080392588162_1772735880_n.jpg)
I'm such a wuvable Angel.


Title: Re: Should I put my US Dollars into Gold?
Post by: Hugo Chavez on November 13, 2010, 06:59:54 AM
no comment lol ;D


Title: Re: Should I put my US Dollars into Gold?
Post by: 24KT on November 13, 2010, 07:03:57 AM
no comment lol ;D

(https://fbcdn-sphotos-a-a.akamaihd.net/hphotos-ak-ash3/947334_508086885920846_1204913294_n.jpg)


Title: Re: Should I put my US Dollars into Gold?
Post by: 24KT on November 19, 2010, 10:46:48 PM
http://www.youtube.com/watch?v=33KF3d4JEDs


Title: Re: Should I put my US Dollars into Gold?
Post by: Cy Tolliver on November 20, 2010, 12:18:21 AM
settle down now samjag!


Title: Re: Should I put my US Dollars into Gold?
Post by: 24KT on November 20, 2010, 10:54:30 PM
settle down now samjag!

First of all I am NOT Samson.
Secondly, now that this topic has been moved to this board, I can get serious with the replies.

In answer to the question asked in the subject, I believe you should put US Dollars into gold, and I intend to post information in support of that opinion in this thread.

The US Dollar is a fast depreciating currency that is worth less and less each day.

Gold is an excellent store of value. if your wealth is held in US fiat currency, you are on very shaky ground imo. You could be wiped out tomorrow.

According to Glenn Back, a jar of coffee could run you upwards of $70, $46 for a minute made orange juice, and $15 for a Hershey chocolate bar. While I realize Beck has a tendency to be a little hystrionic at times, he claims to have gotten these figure from the boys at NIA who I have found to be quite credible. It may not come to that, ...but what if it does? By putting your money in gold or silver, you at least cut yourself some room when the inevitable collapse does occur and the ugly prospect of hyperinflation rears it's head.

Then too, there is James Turk, founder of GoldMoney.com. In a November 20th, 2010 interview from Spain with Eric King of KingWorld News, James Turk discusses the similarities between our current bull market, and that of the 70's. He also says leave the speculation to the highly specialized & skilled speculators, and that using gold as a store of value using dollar cost averaging is the way to go.


Title: Re: Should I put my US Dollars into Gold?
Post by: Cy Tolliver on November 20, 2010, 11:12:45 PM
First of all I am NOT Samson.
Secondly, now that this topic has been moved to this board, I can get serious with the replies.

In answer to the question asked in the subject, I believe you should put US Dollars into gold, and I intend to post information in support of that opinion in this thread.

The US Dollar is a fast depreciating currency that is worth less and less each day.

Gold is an excellent store of value. if your wealth is held in US fiat currency, you are on very shaky ground imo. You could be wiped out tomorrow.

According to Glenn Back, a jar of coffee could run you upwards of $70, $46 for a minute made orange juice, and $15 for a Hershey chocolate bar. While I realize Beck has a tendency to be a little hystrionic at times, he claims to have gotten these figure from the boys at NIA who I have found to be quite credible. It may not come to that, ...but what if it does? By putting your money in gold or silver, you at least cut yourself some room when the inevitable collapse does occur and the ugly prospect of hyperinflation rears it's head.

Then too, there is James Turk, founder of GoldMoney.com. In a November 20th, 2010 interview from Spain with Eric King of KingWorld News, James Turk discusses the similarities between our current bull market, and that of the 70's. He also says leave the speculation to the highly specialized & skilled speculators, and that using gold as a store of value using dollar cost averaging is the way to go.

To hear Turks interview, please visit: www.24kt.2ya.com/James-Turk.htm (http://www.24kt.2ya.com/James-Turk.htm)  <-- click me  :D

I've PM'd you my contact info.................... ........




































So that you can send me my referral fee for every bit of gold you sell in threads that I've started!


Title: Re: Should I put my US Dollars into Gold?
Post by: 24KT on November 21, 2010, 06:45:06 PM
I've PM'd you my contact info.................... ........

So that you can send me my referral fee for every bit of gold you sell in threads that I've started!

This video pretty much sums up the prevailing public attitude and explains why more people don't  buy gold.

http://www.youtube.com/watch?v=Yjr7NtntWeQ


(https://fbcdn-sphotos-h-a.akamaihd.net/hphotos-ak-prn1/206311_165402643513689_3609464_n.jpg)


Title: Re: Should I put my US Dollars into Gold?
Post by: Cy Tolliver on November 22, 2010, 07:45:56 PM
All jokes aside 24KT, Thank you for hooking me up!

I'm very happy, and hope to do business again in the future!

 8)


Title: Re: Should I put my US Dollars into Gold?
Post by: 24KT on November 22, 2010, 07:53:33 PM
"Don't let the opinions of the average man sway you.
Dream, and he thinks you're crazy.
Succeed, and he thinks you're lucky.
Acquire wealth, and he thinks you're greedy.
Pay no attention. He simply doesn't understand" ~ Robert G. Allen


Title: Re: Should I put my US Dollars into Gold?
Post by: 24KT on November 24, 2010, 08:39:21 PM
For anyone interested, a friend of mine in Bulgaria sent me this video.
You can imagine my surprise when I discovered a few of the film makers were old friends.

Anyway... enjoy the film

Fiat Empire - Why the Federal Reserve Violates the US Constitution

http://video.google.com/videoplay?docid=5232639329002339531# (http://video.google.com/videoplay?docid=5232639329002339531#)


Title: Re: Should I put my US Dollars into Gold?
Post by: 24KT on November 25, 2010, 04:32:55 PM
6 Reasons Why Gold and Silver Are Going Higher

While gold has pulled back from its +$1,400 its bull market is far from over… Corrections are a normal and necessary part of any bull market, and man, do I see this pullback as a golden opportunity — a chance to buy great gold and silver stocks that we missed the first time around!

So says Sean Brodrick, and I have to agree with him.

Meanwhile, silver is outperforming gold percentage-wise. Take a look at this chart:
(http://www.jaguarenterprises.net/images/chart1.jpg)
Gold has done well, but silver is up more than 15% in a little over a month!

Quite a move, eh? Now, the U.S. dollar is rallying and both gold and silver are pulling back. Many people are waiting for silver to pull back to $20 to buy it again, just as they waited for gold to pull back to $1,000 but don’t hold your breath, and don’t waste the opportunity. Many people missed that last $400 move as gold charged from $1,000 to $1,400. Don’t miss the next leg of gold’s big rally.

Let me show you six reasons why this pullback may not be a big one and why gold is going much higher, and probably sooner than many on Wall Street believe possible.

Reason #1: Europe’s Debt Problems Haven’t Gone Away

The United States isn’t the only country with a debt crisis. The euro zone has had its own government debt/banking crisis which nearly sank the euro mere months ago, as Portugal, Ireland, Italy, Greece and Spain [the PIIGS] teetered on the brink of insolvency.

(http://www.jaguarenterprises.net/images/chart2.jpg)

Europe was able to paper over the problem for a while but now Ireland’s 10-year spreads have moved to 5% and Greece’s spreads to 9%. Investors are starting to bet those governments will bust their budgets.

As a result worried Europeans are (again!) moving into the safety of the hard currencies — gold and silver.

Reason #2: The Debt Crisis Is Global

The 15 most advanced nations of the world, including the United States, will have to borrow a whopping $10.2 trillion in 2011. The money is needed to repay maturing bonds and finance budget deficits.

(http://www.jaguarenterprises.net/images/chart3.jpg)
Source: The Wall Street Journal

Looking at the chart, you can see that Japan is in worse financial shape than the United States but we are giving the Japanese a run for their money – the Federal Reserve has just committed to buy an additional $600 billion in U.S. government debt over the next eight months. The International Monetary Fund (IMF) warns that the chances that investors will balk at lending to governments “remains high for advanced economies.”

If the risk of government default is rising, where do you hide out? Gold and silver are a good place to start!

Reason #3: Central Banks Continue to Buy Gold

You know who is not worried about the high price of gold? Central banks. They continue to snap up the yellow metal. Obviously, they are banking on higher prices.

There are two parts to the central bank/gold equation: buying and selling. On the sell side, central banks and the IMF sold about 94.5 metric tons of gold in the year that ended last month. Most of this was IMF gold and the total was down a whopping 40% from a year earlier!

On the buy side, we know that countries including Russia, Venezuela and India are buying a lot of gold. In fact, Russia has been steadily building its stockpile of gold all year, buying it every month. It started with 16.7 million ounces in January and they just added another 500,000 ounces in October to hit 19.5 million ounces.

Even developed nations are buying gold — France’s gold as a percentage of its reserves rose from 42.5% to 63.3% and Portugal’s jumped from 39.9% to 83.7% in 2009. China is probably buying a lot of gold, though we won’t know until long after the fact.

Reason #4: Investors Are Piling Into Gold

Central banks aren’t the only ones not deterred by higher gold prices. Investors large and small aren’t blinking either. The World Gold Council estimated late last month that gold holdings in ETFs hit a new record in the third quarter. What’s more, a new gold ETF just made its debut in Hong Kong. The Value Gold ETF will hold its gold locally, and offers Asians unnerved by the global currency and debt crises a new way to hedge their portfolios.

Here in North America another new fund was launched — the ETFS Precious Metals Basket (GLTR on the NYSE) – which holds a basket of gold, silver, platinum and palladium in differing weights with the gold and silver underlying the ETF held in London and the platinum and palladium held in either London or Zurich. It’s one more shiny lure for investors hungry for precious metals, and I think we could see a lot more funds of varying components debut before the big bull run is over.

Reason #5: The World Starts to Shift Away from the U.S. Dollar

The storm clouds gathering over the U.S. dollar are ominous. French President Nicolas Sarkozy recently emerged from a meeting with China’s leader Hu Jintao, and called for a new global monetary system. Since the current system is based on the U.S. dollar as the reserve currency, this move is a direct assault on the dollar’s primacy and since gold is priced in dollars, if the dollar is going down, gold will go up.

World Bank chief Robert Zoellick [has gone further...maintaining] that the Group of 20 leading economies should consider adopting a global reserve currency based on gold as part of a bigger reform of the global financial system. Such a move would be an end to the current global regime which is based on the dollar as the world’s reserve currency and that would cut the hamstrings on the U.S. dollar.

So ask yourself, how can both the euro go lower and the U.S. dollar go lower? The answer is that both are going to go lower against hard currencies — gold and silver.

Reason #6: Gold Is Running Rings Around the S&P 500

The S&P 500 is up nearly 9% so far this year, which seems pretty good but that’s only because the S&P 500 is priced in dollars and the U.S. dollar’s big trend is lower. What happens if you price the S&P 500 in gold or silver? The results [below] may surprise you.

(http://www.jaguarenterprises.net/images/chart4.jpg)

S&P 500 is up nearly 9% this year ... but valued in gold it's actually down 15%, and valued in silver, the S&P is down more than 33%!

As you can see, priced in gold, the S&P 500′s 9% gain turns into a 14.85% LOSS and valuing the S&P 500 in silver the S&P 500 has lost more than 33% of its value in silver terms! To be sure, past performance is no guarantee of future results but if these trends stay in place — and I think they should — gold and silver should continue to outperform the S&P 500.

All This and Silver Too

I think silver will continue to outperform gold going forward, at least in the short term. It is an industrial metal as well as a precious metal, and the global economy is firing on all cylinders even as the U.S. economy continues to sputter. Investment demand for silver is rip-roaring, and it got a shot in the arm from the $575 million debut of the new Sprott Physical Silver Trust (PSLV on the NYSE, PHS.U on the TSX) in Canada.

My intermediate-term target of $31.39 on silver that I gave in October now seems too conservative. Longer-term, I think silver is going to $50 an ounce. We’ll see just how fast we get there.

Lock and Load with an Arsenal of Gold and Silver Bullets

http://www.youtube.com/watch?v=9W_Nf0L5tSc


Title: Re: Should I put my US Dollars into Gold?
Post by: 24KT on November 28, 2010, 01:55:26 PM
Gerald Celente is putting his US Dollars into Gold & Silver

Gerald Celente on Goldseek radio Nov 26, 2010

part 1 of 2
http://www.youtube.com/watch?v=M1llJeAfTNk

part 2 of 2
http://www.youtube.com/watch?v=xvPbd8MdkzE


Title: Re: Should I put my US Dollars into Gold?
Post by: Ares on November 29, 2010, 07:21:04 AM
Everyone needs to own physical gold/silver (either in your own home or overseas such as Goldmoney.com / Perthmint)  

Precious metals ARE heavily manipulated by major banks like JP Morgan. central banks, the government, and major banks who short gold all wan gold to stay low sinc when PMs rise it shows weakness/devaluation of the US dollar. Thus prices will swing a bit in the coming years. Do not be fearful.

Do not buy ETFS like GLD or SLV they most certainly do not have enough metal for delivery on the outstanding shares. There are many many more shares of "paper" metals traded than actual metal in the world. At some point the COMEX could likely default on full delivery once gold goes into the final stage of its bull run. Buying paper gold/silver allows people to further manipulate prices through short selling (naked shorting most likely although they deny it)

PMs will rise into a bubble then pop like everything else. Don't get caught holding the bag like the foolish masses.  You WILL Get burned holding onto it too long.

List of potential sell points:

 - Gold vs Dow ratio is 1:1 - gold is then overvalued and DOW is undervalued. time to sell.
 - Interest rates rise sharply - that drives money into other asset classes that pay interest like bonds etc.
 - The gold mania is everywhere - tons of books in the bookstores, everyone on the street knows the price of gold and owns it, typical dot.com/real estate levels of public sheeple interest.

When things get crazy you should go the opposite direction of everyone else, since everyone else is in too late and smart money will be ready to pull the rug out.  Sorta like selling your house in 2007, or selling your dot.com stocks in 1999.

When those things happen time to bail out. Eject!  Gold/Silver will pop and could spend 20 or more years into bear stage with little or no movement. Probably want to keep SOME  no matter what though, as in the rest of your life since the dollar will be replaced someday and gold may play a part in revaluation of the "next" major world currencies.

(http://www.kitco.com/ind/Bevan/images/nov172010_1.jpg)

http://www.kitco.com/ind/Bevan/nov172010.html


Title: Re: Should I put my US Dollars into Gold?
Post by: Ares on November 29, 2010, 07:30:05 AM
Everyone needs to own physical gold/silver (either in your own home or overseas such as Goldmoney.com / Perthmint)  

Precious metals ARE heavily manipulated by major banks like JP Morgan. central banks, the government, and major banks who short gold all wan gold to stay low sinc when PMs rise it shows weakness/devaluation of the US dollar. Thus prices will swing a bit in the coming years. Do not be fearful.

Do not buy ETFS like GLD or SLV they most certainly do not have enough metal for delivery on the outstanding shares. There are many many more shares of "paper" metals traded than actual metal in the world. At some point the COMEX could likely default on full delivery once gold goes into the final stage of its bull run. Buying paper gold/silver allows people to further manipulate prices through short selling (naked shorting most likely although they deny it)

PMs will rise into a bubble then pop like everything else. Don't get caught holding the bag like the foolish masses.  You WILL Get burned holding onto it too long.

List of potential sell points:

 - Gold vs Dow ratio is 1:1 - gold is then overvalued and DOW is undervalued. time to sell.
 - Interest rates rise sharply - that drives money into other asset classes that pay interest like bonds etc.
 - The gold mania is everywhere - tons of books in the bookstores, everyone on the street knows the price of gold and owns it, typical dot.com/real estate levels of public sheeple interest.

When things get crazy you should go the opposite direction of everyone else, since everyone else is in too late and smart money will be ready to pull the rug out.  Sorta like selling your house in 2007, or selling your dot.com stocks in 1999.

When those things happen time to bail out. Eject!  Gold/Silver will pop and could spend 20 or more years into bear stage with little or no movement. Probably want to keep SOME  no matter what though, as in the rest of your life since the dollar will be replaced someday and gold may play a part in revaluation of the "next" major world currencies. If you are in for the lifetime long haul, prices will get super cheap so its a good time to load up after you sell during the bubble.

(http://www.kitco.com/ind/Bevan/images/nov172010_1.jpg)

http://www.kitco.com/ind/Bevan/nov172010.html


Title: Re: Should I put my US Dollars into Gold?
Post by: 24KT on December 01, 2010, 12:31:27 AM
Everyone needs to own physical gold/silver (either in your own home or overseas such as Goldmoney.com / Perthmint)  

Precious metals ARE heavily manipulated by major banks like JP Morgan. central banks, the government, and major banks who short gold all wan gold to stay low sinc when PMs rise it shows weakness/devaluation of the US dollar. Thus prices will swing a bit in the coming years. Do not be fearful.

Do not buy ETFS like GLD or SLV they most certainly do not have enough metal for delivery on the outstanding shares. There are many many more shares of "paper" metals traded than actual metal in the world. At some point the COMEX could likely default on full delivery once gold goes into the final stage of its bull run. Buying paper gold/silver allows people to further manipulate prices through short selling (naked shorting most likely although they deny it)

PMs will rise into a bubble then pop like everything else. Don't get caught holding the bag like the foolish masses.  You WILL Get burned holding onto it too long.


I agree with everything I've highlighted.

As for getting burned from holding gold too long, ...that can only occur if and when gold becomes overvalued. Right now it is undervalued. If one were to use dollar cost averaging, they'd be able to sell prior to losing any money, and will have preserved their purchasing power.

I don't advocate gold as a means to acquire wealth, but rather as a store of value in the preservation of wealth.


Title: Re: Should I put my US Dollars into Gold?
Post by: 24KT on December 01, 2010, 02:15:39 PM
The Solution to the Government Debt Problem Is Well Known

Claus Vogt | Wednesday, December 1, 2010 at 7:30 am

(http://images.moneyandmarkets.com/1921/claus-vogt.jpg)
Claus Vogt

Last Thursday in a government declaration, German Chancellor Angela Merkel spoke about the debt problems in Ireland and other European countries. She said,

“Europe needs a new culture of stability,” and added, “A better monitoring system of the national budget would be needed for all European Union member countries.”

She even addressed the cause of the European debt crisis when she said many EU countries lived beyond their measures.

Merkel obviously has recognized the root of the over indebtedness problem many European countries — and the U.S. — face. But does this recognition mean that the problems will be solved?

Unfortunately, no.

You see, there is still no political will to implement prudent monetary and fiscal policies. Not in Europe, not in the U.S. And it’s easy to understand why …

Voters do not want to want to tighten their belts! They’ve always counted on government goodies to keep the party going. And politicians want to be (re)elected. So they have no incentive to implement prudent, long-term policies if they come with short-term hardships.

However, generally speaking …

A “Culture of New stability” Is Easy to Establish

A return to sound money; the reintroduction of a prudent global monetary system would make budget deficits quickly disappear. Politicians would have to accept budget restrictions. They would have to stop their spending binge and return to soberness.

Moreover, under a sound money regime the often bemoaned massive international economic imbalances would not exist. And we wouldn’t experience the huge speculative bubbles like we’ve had in the past.

The “after us the deluge” policy, which has become the credo since President Nixon abandoned the Bretton Woods monetary system, would have never been possible with sound money.

(http://images.moneyandmarkets.com/1920/gold.jpg)
Gold is permanent, natural money,
the antithesis of money made from nothing,
money backed by force alone.


World Bank President Robert Zeollick knows this. In fact he is the first official in an exposed position to have added the idea of the reintroduction of the gold standard to the public debate.

He knows that Chancellor Merkel’s call for a “new culture of stability” is worthless propaganda as long as the current unsound monetary regime is in existence. Any propositions that fall short of sound money are nothing more than delusions of momentous proportions.

Zoellick was quickly called to order and paddled back. But nevertheless, this episode is telling.

The problems facing the industrial world can no longer be swept under the carpet. They’ll just keep coming back. The debt problem is so large, that sooner or later something has to give.

Zoellick realizes that. But Fed Chairman Bernanke is still prescribing the same old medicine — without restraint — which is only aggravating patient’s ailment.

And then there is the most important question, which is rarely discussed …

Who Will Take the Losses?

Over-indebted countries will end up defaulting in the coming years … either openly, or behind closed doors via currency debasement. There is simply no other option.

The point of no return has long passed. We have reached a dead-end. Our politicians will have to decide whom to saddle with the unavoidable losses coming from debt loads too large to service any longer.

Amazingly the financial industry has somehow managed not to be held responsible for their risk taking. They have succeeded in bypassing the philosophy that they should stand tall for the losses their decisions may entail.

(http://images.moneyandmarkets.com/1920/risk.gif)
A willingness to accept losses is part of capitalism.

On the other hand, you and I have to eat our losses if our investments go bad. And that’s how it should be. Otherwise capital markets and capitalism as a whole cannot function.

Every economist knows this unwritten law. But in the case of mortgage debt the law has been broken, and major losses have been socialized. Now I fear that the same will happen with the major losses coming from government — and municipality — defaults.

That means the bond market is facing a very rough future. And many issues once deemed risk-free will show their new reality.

Best wishes,

Claus

http://www.moneyandmarkets.com/the-solution-to-the-government-debt-problem-is-well-known-41369 (http://www.moneyandmarkets.com/the-solution-to-the-government-debt-problem-is-well-known-41369)


Title: Re: The Case for KB Gold
Post by: 24KT on December 01, 2010, 06:12:22 PM
(http://www.jaguarenterprises.net/images/2-gold-bars-2525.jpg)

USA Debt (by year) in Billions

1970 -      380.9
1980 -      909.0
1990 -   3,206.3
2000 -   5,628.7
2010 - 13,888.0

USA Debt Owned by the following Countries:

China - 846.7 Billion
Japan - 821.0 Billion
Middle East - 223.8 Billion
Brazil - 162.2 Billion
Hong Kong - 135.2 Billion
Russia - 130.9 Billion
Taiwan - 130.5 Billion

All 7 creditor countries are now BUYERS of Gold and Silver Bullion!
They are turning their dollar interest payments into Bullion.
USA and Europe are printing dollars to make the payments.
How long can this go on before precious metals REALLY TAKE OFF?

The borrower is and always has been, and always will be, servant to the lender!
Do as the world's creditors are doing - exchanging fiat paper currency for precious metals. For every winner there is a loser. For every loser, there is a winner.
Money never disappears is only changes hands.

Be proactive and prosper - be reactive, gliding along with good intentions and run the risk of getting run over by the financial "meltdown" that is looming.

Gold Prices since 1970

1970 -        $38.90
1975 -      $139.29
1985 -      $327.00
1990 -      $386.20
2000 -      $279.11
2005 -      $444.74
2009 -      $972.35
Today - $1,389.30
2011 - How much will you own?
2012 - How much will you get for free?  :D



Title: Re: Should I put my US Dollars into Gold?
Post by: 24KT on December 02, 2010, 01:28:51 PM
(http://tuckerreport.com/wp-content/uploads/2009/10/Change.jpg)


Title: Re: Should I put my US Dollars into Gold?
Post by: 24KT on December 07, 2010, 12:46:42 AM
Shock and awe in Precious Metals
Written by Jeff Nielson
Wed., Dec 1, 2010  11:24


Earlier this month, precious metals investors witnessed arguably the most concerted take-down of the precious metals sector since the Crash of ’08. First, investors were lathered-up into a mania, after World Bank head Robert Zoellick planted a piece in the Financial Times where he feigned interest in having a gold standard re-instituted.

Then the ambush took place. ...story continues here (http://www.bullionbullscanada.com/index.php?option=com_content&view=article&id=16384:shock-and-awe-in-precious-metals&catid=49:silver-commentary&Itemid=130)


Title: Re: The Case for KB Gold
Post by: boonasty on December 08, 2010, 11:09:03 AM
jaguar, have you sold the kb gold to any of your family members?


Title: Re: The Case for KB Gold
Post by: 24KT on December 09, 2010, 12:38:42 PM
jaguar, have you sold the kb gold to any of your family members?

Boon, I don't sell gold or silver, I buy it.  And yes, I recommend KB to my friends and family members

The majority of my family members are located in countries where they are unable to buy gold or silver from KB.
Currently, only those in Germany, Austria, Switzerland, Netherlands, and Slovenia are able to buy KB precious metals... or those with a mailing address in those countries are able to buy and take physical delivery.  The ability to buy from KB is also available to those in Poland, Italy, Croatia, Hungary, Romania,  Ukraine, Czech Republic, and will be made available to residents of UK, Ireland, Denmark, Sweden, Norway, Finland, France, Spain, Portugal, USA, Canada, Mexico, Central and South America and many more countries very shortly.

I have recommended KB to friends and family in Germany, Switzerland, Netherlands, Poland, Italy, UK, Croatia, Hungary, Romania, Slovakia, Sweden, Norway, Denmark, France, Spain, USA, Canada, Mexico, Peru, Brazil, Jamaica, Ghana, Nigeria, Benin, Cote D'ivoire, Taiwan, Dubai, and Japan.

If I were at liberty to name names, it would blow your mind to discover just who is involved with KB, because the list includes members of the senate, congress, politicians all over, and quite frankly royalty from around the world. Many would be easily recognizable names.


Title: Re: Should I put my US Dollars into Gold?
Post by: 24KT on December 10, 2010, 07:01:37 PM
Confiscation through Inflation

http://www.youtube.com/watch?v=DObOzOMhXvE


Title: Re: Should I put my US Dollars into Gold?
Post by: 24KT on December 14, 2010, 06:59:30 PM
The JP Morgan Silver Manipulation Explained

The current state of affairs in the silver markets, ...and what is soon to come

http://www.youtube.com/watch?v=yeIEq-c6eug


Title: Re: Should I put my US Dollars into Gold?
Post by: 24KT on December 14, 2010, 07:02:56 PM
The Federal Reserve:
Selling Paper Gold and Buying Physical Gold
The good ole "American way"—through proxies


(http://www.financialsense.com/sites/default/files/pictures/picture-117.jpg)
by Rob Kirby

A couple of weeks ago, I pitched an idea to some associates of mine who are involved in SERIOUS [tonnage] PRECIOUS METALS procurement—physical metal only—let's just say HUGE money.  I asked them if they would be interested in purchasing an “option”—cash up front—for the exclusive rights [first right of refusal on off-take] of a gold producer [miner] for a set number of ounces for 3–5 years "at the market"—using LBMA pricing [a.m./p.m. fixes] in the future.  The answer I got back from my associates was "show us a terms sheet, we definitely have interest."

So, I spoke to a friend who is very close to an intermediate producer who is in the mode of raising money right now.  I had them ask the producer if they would have interest – the producer said, "YES, we are interested—but just to let you know—J.P. Morgan has been asking us if we would sell them the same option."  So, while gold producers have shuttered their "gold hedge books"—the Bullion Banks are "synthetically" trying to keep physical output captive—I would suggest FOR THE EXPRESSED REASON THAT THEY SELL EVERY PHYSICAL OUNCE AT LEAST 100 TIMES OVER.

Gold is going to get EXTREMELY scarce in the future folks.  Big money interests are now cutting off [or bidding for / gaining exclusive access to] the traditional bullion supply chain "at the pit."

The shorts of "paper gold" at J.P. Morgan [the Fed in drag] are selling the daylights out of the paper market and simultaneously buying exclusive rights to producers' future production so they can try to fudge their way through an unmitigated fraud and settle a big enough chunk of their bad bets to keep this "systemically ruinous" precious metals Ponzi scheme alive.
Price of Gold and Interest Rates Are Joined at the Hip

The academic research that outlines the inter-relatedness of gold and interest rates
is succinctly laid out in a 2001 treatise, Gibson's Paradox Revisited, by Reg Howe.  From this one can deduct that ANY rigging of the gold price must go hand-in-hand with simultaneous rigging of interest rates.

Folks would do well to realize how neatly emerging details of Fed surrogate Morgan's  "stealth" activity in the bullion market dovetails with their obscene, obsequious activity elsewhere in their derivatives book—particularly their JUMBO TRILLIONS sized interest rate swap positions.

(http://www.financialsense.com/sites/default/files/users/u117/images/2010/1004-derivatives.jpg)

Stealth activity on the part of the Fed—utilizing proxy institutions to generate limitless artificial demand for any and all U.S. Government Debt—effectively gives the Fed control of the long end of the interest rate curve [the bond market].

From a timing perspective, it is also noteworthy that gold price rigging—long maintained by GATA—is alleged to have begun in earnest during the Clinton Administration with the appointment of Robert Rubin as U.S. Treasury Secretary [along with understudy Lawrence Summers] in Jan. 1995.  Coincidentally [or perhaps not?] we can trace the genesis of the "explosion" in the use of derivatives [mostly interest rate] to that exact same time frame.  In fact, if we follow the time line in "reverse"—the growth in the use of derivatives appears like a trail of bread crumbs —right back to the time when Professor Lawrence Summers, under the tutelage of Sir Robert of Rubin, brought his academic alchemy to Washington:

(http://www.financialsense.com/sites/default/files/users/u117/images/2010/1004-interest-rate-swaps.jpg)

Does anyone with a pulse really believe that ANY Bank Holding Company in the U.S. would be permitted to have a derivatives position in excess of 75 TRILLION [five times the size of U.S. GDP] if they were not "in bed" with the FED??!

If you except the premise that, "J.P. Morgan 'is' the Fed," then, "IT'S REALLY THE FED WHO IS BUYING GOLD" and they [unfortunately, this means "America"] likely have NONE LEFT to sell.

NOTHING could be more bullish for the price of gold going forward.

Everyone needs to get it through their heads; these criminals are NOT IN IT for profits.  The survival of our "BROKEN FIAT MONEY SYSTEM" "IS" their only goal.
Conclusions:

Officialdom will never admit it and it will NEVER be reported in the mainstream financial news but our financial system has NEVER been in a more precarious state. A banking crisis of unparalleled proportions is coming—probably soon—the exact timing is still sketchy.

Got physical precious metal yet?

http://www.financialsense.com/contributors/rob-kirby/the-federal-reserve-is-selling-paper-gold-and-buying-physical-gold (http://www.financialsense.com/contributors/rob-kirby/the-federal-reserve-is-selling-paper-gold-and-buying-physical-gold)


Title: Re: Swiss Institutions Ask: Where's the Gold?
Post by: Nathan on December 17, 2010, 07:51:59 PM
I personally doubt the gold is there lol highly doubt it.


Title: Re: The Case for KB Gold
Post by: Nathan on December 17, 2010, 08:01:25 PM
Gold does good in bad times which is when you need it the most ;) the value will always go up,
 because governments will always do stupid things lol

The Canadian dollar being on par with the US makes a lot of Candians shop and vacation there, which actually hurts our economy at the same time the Americans stay home, or go to cheaper places. So the dollar here is kinda in a catch 22.


Title: Re: Swiss Institutions Ask: Where's the Gold?
Post by: 24KT on December 18, 2010, 01:58:33 PM
I personally doubt the gold is there lol highly doubt it.

With most institutions, I'd have to agree. I know the gold is there with KB though.
We've been audited so many times and come out with flying colours everytime.  :D


Title: Re: The Case for KB Gold
Post by: 24KT on December 18, 2010, 02:51:35 PM
Criminal Banksters vs. Gold & Silver Vigilantes  part 1 of 2
http://www.youtube.com/watch?v=B7eRwW34j1g


Hyperinflation, Backwardation & 1 To 1 Silver To Gold   part 2 of 2
http://www.youtube.com/watch?v=fJPbwnW1z6Y


Title: Re: The Case for KB Gold
Post by: boonasty on December 20, 2010, 11:11:54 AM
Boon, I don't sell gold or silver, I buy it.  And yes, I recommend KB to my friends and family members

The majority of my family members are located in countries where they are unable to buy gold or silver from KB.
Currently, only those in Germany, Austria, Switzerland, Netherlands, and Slovenia are able to buy KB precious metals... or those with a mailing address in those countries are able to buy and take physical delivery.  The ability to buy from KB is also available to those in Poland, Italy, Croatia, Hungary, Romania,  Ukraine, Czech Republic, and will be made available to residents of UK, Ireland, Denmark, Sweden, Norway, Finland, France, Spain, Portugal, USA, Canada, Mexico, Central and South America and many more countries very shortly.

I have recommended KB to friends and family in Germany, Switzerland, Netherlands, Poland, Italy, UK, Croatia, Hungary, Romania, Slovakia, Sweden, Norway, Denmark, France, Spain, USA, Canada, Mexico, Peru, Brazil, Jamaica, Ghana, Nigeria, Benin, Cote D'ivoire, Taiwan, Dubai, and Japan.

If I were at liberty to name names, it would blow your mind to discover just who is involved with KB, because the list includes members of the senate, congress, politicians all over, and quite frankly royalty from around the world. Many would be easily recognizable names.

a recognizable name does not impress me.  recognizable people are not necessarily always insightful or intelligent.

i am confused that you say you are not selling this product.  how do you make money off of kb then?

if you answer, please be concise because i'm not known to read long-ass posts ;D

have any of your friends or family you have suggested buy this product done so?


Title: Re: The Case for KB Gold
Post by: 24KT on December 20, 2010, 06:36:21 PM
a recognizable name does not impress me.  recognizable people are not necessarily always insightful or intelligent.

Phew! That's a relief! I thought you were going to ask me to name them.  :)

Quote
i am confused that you say you are not selling this product.  how do you make money off of kb then?

I use KB not so much as a vehicle for making money, but rather as a vehicle for preserving the value of the money I already have. For me it's not about speculating about an increase in the value of GOLD. The value of gold remains constant. The real fluctuating factor is the value of FIAT currencies. I'm using precious metals as a store of value, because every country on the planet appears to be in a race to devalue their currencies. So, when we see an increase in the price of gold, ...it is not the value of gold increasing, ...but rather a reflection of the decrease in the value of the FIAT currency relative to gold.

As for how I make money with KB, I earn a referral fee of up to $900 USD for anyone I refer to KB who opens and funds a FREE savings account, plus up to 5.5% of all subsequent deposits  

Quote
if you answer, please be concise because i'm not known to read long-ass posts ;D

have any of your friends or family you have suggested buy this product done so?

Yes.

I hope that was concise enough.  :D


Title: Re: Should I put my US Dollars into Gold?
Post by: 24KT on December 22, 2010, 05:09:34 PM


James Turk:
Writing on the Wall, Hyperinflation is Very Near

 
(http://kingworldnews.com/kingworldnews/KWN_DailyWeb/Entries/2010/12/21_James_Turk_-_Writing_on_the_Wall,_Hyperinflation_is_Very_Near_files/shapeimage_22.png)


With gold and silver consolidating recent gains, King World News interviewed James Turk out of Spain.  When asked about the action in both gold and silver Turk stated, “Rising interest rates along with the surge in commodity prices that we have been seeing in the back half of this year is writing on the wall that hyperinflation is very near.  If anyone needs further proof just look at what QE2 is already doing.  The Fed is turning government debt that the market doesn’t want into currency which is the cause of all hyperinflation.”

Turk continues:


“2010 was another good year for the precious metals.  Although we still have two weeks to go, gold will be up for the tenth year in a row against the dollar.  The significant change this year is that a lot more people are paying attention to gold’s rise.  Because we are in stage II of a bull market now, as I said, you are seeing many more people take notice of both gold and silver’s rise.  The continuing talk about gold being in a bubble is complete nonsense, the stage III speculative phase is still far into the future.

The theme for the balance of this year and into next will be determined accumulation of physical gold and silver.  The reason for that is that the drivers for gold and silver remain the same, monetary problems around the world.  Individuals and institutions need a safe haven because of all of the monetary turmoil as well as ongoing crises.  With physical gold and silver they know their money is safe.

The interesting point Eric is that I think all of these crises are going to come to a head in 2011.  So far they have been developing serially, but everything is shaping up for a big bang.  The reason is that debt holders are finally waking up to the risks and demanding higher interest rates, which is something over-leveraged debtors cannot afford to pay.

So the way I see it, we need gold and silver now more than ever, which is the same message the mining shares are telling us.   The strong accumulation that we are seeing in the mining shares bodes well for next year in terms of performance both for the metals, but in particular the mining shares.”

Turk is correct, we are seeing tremendous accumulation in the mining shares.  It’s not that the commercials can’t wiggle some of these mining shares lower in price from time to time.  It’s just that the commercials and other professionals will be buying the shares from weak-handed sellers in each of those dips.  This is just the reality of massive professional accumulation as we move through phase II.  That’s just the way bull markets work.

http://kingworldnews.com/kingworldnews/KWN_DailyWeb/Entries/2010/12/21_James_Turk_-_Writing_on_the_Wall%2C_Hyperinflation_is_Very_Near.html


Title: Re: Should I put my US Dollars into Gold?
Post by: 24KT on December 22, 2010, 05:11:22 PM
John Williams:
Massive Selling of US Currency Lies Ahead


(http://kingworldnews.com/kingworldnews/KWN_DailyWeb/Entries/2010/12/15_John_Williams_-_Massive_Selling_of_US_Currency_Lies_Ahead_files/shapeimage_22.png)

John Williams today was dispatching information regarding gold, silver, M3, nearby massive selling of dollars and inflation.  Here is a portion from his commentary, “Despite November 9th’s historic high gold price of $1,421.00 per troy ounce (London afternoon fix) and the multi-decade high silver price of $30.50 per troy ounce (London fix) on December 7th, gold and silver prices have yet to approach their historic high levels, adjusted for inflation.”

John Williams continues:

“The earlier all-time high of $850.00 of January 21, 1980 would be $2,391 per troy ounce, based on November 2010 CPI-U-adjusted dollars, and would be $7,840 per troy ounce in terms of SGS-Alternate-CPI-adjusted dollars.

In like manner, the all-time high price for silver in January 1980 of $49.45 per troy ounce has not been hit since, including in terms of inflation-adjusted dollars.  Based on November 2010 CPI-U inflation, the 1980 silver price peak would be $139 per troy ounce and would be $456 per troy ounce in terms of SGS-Alternate-CPI-adjusted dollars.

Real Money Supply M3:  The signal of the still unfolding double-dip recession, based on annual contraction in the real (inflation-adjusted) broad money supply (M3), continues and is graphed (above).  Based on today’s CPI-U report and the latest estimate on the November SGS-Ongoing M3 Estimate, that annual contraction in November 2010 was 4.0%, narrower than October’s 4.5% contraction, and May’s post-World War II record annual decline of 7.9%.

The signal for a downturn or an intensified downturn is generated when annual growth in real M3 first turns negative in a given cycle; the signal is not dependent on the depth of the downturn or its duration.  The current downturn signal was generated in December 2009.  The broad economy tends to follow in downturn or renewed deterioration roughly six to nine months after the signal, as has appeared to have started in recent months, with flat-to-down nonfarm payrolls, flattening industrial production, and renewed contraction in the already severely-constrained real estate market.  New weakness in a number of series should become evident as annual numbers get locked-in and concurrent seasonally-adjusted series get fully published with updated as "revised" data.  Such eventually will lead to recognition of a double-dip recession.

Broad Economic, Inflation, Systemic and Market Outlooks Have Not Changed.  Reflected in monthly retail sales and PPI reporting, but not yet in CPI reporting, consumer inflation is on the rise.  Mr. Bernanke’s efforts at debasing the U.S. dollar and stimulating inflation have met with some success, already, in terms of a weaker U.S. currency and related increases in dollar-denominated commodity prices, particularly oil.

Currency values and precious metals prices can be volatile, but the long-term weakness in the U.S. dollar and relative purchasing-power-preservation attributes of gold and silver, and the stronger currencies outside the dollar, remain in place.  As with systemic risks in the United States, risks in other areas of the world — such as among the countries using the euro — likely will be addressed by the spending or creation of whatever money is needed (indications of any needed U.S. backing are in place) in order to prevent systemic failure.  Keep in mind that the U.S. remains the proverbial elephant in the bathtub in terms of pending effective sovereign bankruptcies.

The various European crises remain an intermittent foil for the U.S. dollar, pulling market attention away from the unfolding solvency crisis in the United States and a likely move to massive selling against the U.S. currency.  Accordingly, high risk of the early stages of a hyperinflation beginning to unfold by mid-2011 continues.

Rising inflation should become increasingly broad, reflecting an increasingly serious problem in the first-half of 2011.”

http://kingworldnews.com/kingworldnews/KWN_DailyWeb/Entries/2010/12/15_John_Williams_-_Massive_Selling_of_US_Currency_Lies_Ahead.html


Title: Re: Should I put my US Dollars into Gold?
Post by: 24KT on December 22, 2010, 05:13:33 PM


Michael Pento:
US Headed Down a Path of Destruction


(http://kingworldnews.com/kingworldnews/KWN_DailyWeb/Entries/2010/12/17_Michael_Pento_-_US_Headed_Down_a_Path_of_Destruction_files/shapeimage_22.png)

With gold consolidating and tremendous volatility in bonds King World News interviewed Michael Pento, Senior Economist at Europac.  Regarding the US situation Pento stated, “We had a chance in 2008 to de-leverage as a country, but we chose the easy path which was more debt and more inflation.  The idea that we will ever be able to unwind this leverage without disastrous consequences is completely ridiculous.  I wish I had better news, but unfortunately the central planners on the US side have sent this country down a path of destruction.”

Michael Pento continues:

“In the very short-term the recent rise in real interest rates is putting pressure on the precious metals sector.  The selling of bonds came from an epiphany on the part of investors that we are not going to enter a deflationary cycle, which by the way I always thought was a specious argument.


However, in the longer-term in 2011 I expect the secular bull market in gold and silver to continue because the rise in nominal rates will be less than the increase in the rate of inflation. 


I think the 30 year bull market in bonds has ended and we are now entering a secular bear market in US treasuries.  The US deficit is going to be 10+% of GDP in 2011.  There is no political will to do anything to attenuate debt levels.  Ben Bernanke intimated on 60 Minutes that he is not against constructing QE3, and the inflation signals have started to abound.


The evidence is there if you just take a look at the ISM prices paid component, producer prices or commodity prices, commodity prices being up 20% in the last quarter alone.  The bottom line is that in 2011 the US debt market will be swamped by inflation, supply and solvency concerns.   


Eric, what we continue to see is a transfer of wealth from the middle class to the upper echelon of society thanks to the inflationary policies of the Federal Reserve.  This inflation only benefits those who own a significant amount of assets which can act as a hedge against inflation.  For investors who have the means to protect themselves, I suggest they continue to stockpile their holdings of hard assets.


In the short-term if Europe continues to implode, you will see pressure once again on base metals and energy, but precious metals would be largely immune from that pressure.


People on the US side are not paying attention to the fact that the Indian, Hang Seng and certain European indexes have fallen roughly 10%.  Since the beginning of November, Hong Kong and India are down 8% as an example.  That is because those countries have begun to take steps to combat inflation.  Just imagine how much lower the US stock market returns will be once Bernanke is forced to find his monetary manhood.  When that happens it is going to be a bloodbath in the US.”   

http://kingworldnews.com/kingworldnews/KWN_DailyWeb/Entries/2010/12/17_Michael_Pento_-_US_Headed_Down_a_Path_of_Destruction.html


Title: Re: Should I put my US Dollars into Gold?
Post by: 24KT on December 22, 2010, 05:48:21 PM
Here is one of the best explanations I've seen so far that puts it into a clear, concise perspective for you.

http://play.goldmail.com/e9rtyf041ndl (http://play.goldmail.com/e9rtyf041ndl)


Title: Re: The Case for KB Gold
Post by: 24KT on December 22, 2010, 05:50:40 PM
Here is one of the best explanations I've seen so far that puts it into a clear, concise perspective for you.

http://play.goldmail.com/e9rtyf041ndl (http://play.goldmail.com/e9rtyf041ndl)


Title: Re: Should I put my US Dollars into Gold?
Post by: tonymctones on December 29, 2010, 12:52:53 PM
whats great is jagsons peddling of financial advice with little to no understanding of finance  ;D classic getbig baby


Title: Re: Should I put my US Dollars into Gold?
Post by: 24KT on December 30, 2010, 12:30:53 AM
Just like last year, the metal prices are going to continue higher.  It really doesn’t surprise me that both of the metals are in the process of taking out their previous highs, both gold and silver remain relatively undervalued.  Gold and silver are the pinnacle of money and this is becoming increasingly apparent to investors around the world.

There are really two factors that are driving the precious metals markets higher:

First, quantitative easing is having its expected effect.  QE is debasing the purchasing power of the dollar, and that is causing gold and metals prices to rise.  The second factor is the ongoing demand for physical metals in preference to any paper substitutes.  I think what is likely to unfold in the first half of 2011 is another Lehman type of event, but the net effect will be somewhat different.  Instead of a rush for liquidity, the primary objective will be a rush to safety and that means avoiding counter-party risk.  The best way to do that is to own physical metal.

I think the key point is that the serial bailouts of banks and governments that we have been seeing for the past couple of years is going to come to a head in the first half of 2011.  To me that means serious financial repercussions, and people should be focusing on safety.  Therefore we need gold and silver now more than ever.

Whether gold breaks out this week or next is irrelevant, it will happen soon enough.  Silver has already achieved the $30 target.  The $1,500 target on gold should be achieved in short order.

This breakout was inevitable, the fact that it is taking place before the end of the year just illustrates the strength of both the gold and silver markets.  Remember, bull markets always surprise on the upside.  The fact that end of the year strength has taken some market participants by surprise, this is just textbook action inside of a secular bull market.  For those of you who have exchanged fiat for precious metals...enjoy the ride!


Title: Re: Should I put my US Dollars into Gold?
Post by: 24KT on December 30, 2010, 02:43:22 AM
Everything gold is new again
By Shayne McGuire
Newsweek, New York
Wednesday, December 29, 2010

http://www.newsweek.com/2010/12/29/everything-gold-is-new-again.html

Gold used to be regarded as an investment for losers -- for the crazies forever expecting the financial apocalypse.

To the great economist John Maynard Keynes, it was a "barbarous relic" of a primeval economic past. Many people have abandoned that lousy stereotype, now that the debt-driven bubbles in stocks and real estate have burst.

Following the collapse of the world's largest bank, the Royal Bank of Scotland, and the largest insurer, American Insurance Group, among many other notable institutions now owned and directed by Western governments, people have come to understand the need for time-proven financial insurance that can insulate their wealth from government and financial firms. And there's only one viable and liquid investment that enables people to pull their wealth out of the financial system: gold.

Buying gold has been the best method for shorting the government. Betting against government -- that is, on a sudden, sharp rise in inflation -- has strong odds in the midst of surging government deficits.

Hyperinflation is fortunately a rare event, and it is unlikely to emerge at present. But consider that all 30 documented cases of hyperinflation -- that is, a situation where prices rise by at least 50 percent per month -- have been caused by deficits that got out of control. Hyperinflation invariably emerges in a deflationary environment of weak economic activity, such as the one that now threatens the United States, European nations, and Japan. It can erupt when the public grows wary of the money being printed in growing quantities by monetary authorities, which are forced to buy -- to "monetize," in the financial vernacular -- a surging supply of government bonds that the markets no longer all want to buy.

Every currency in history has eventually fallen against gold—most dramatically in times like these, times of surging liabilities and an increasing inability to meet them. Gold is the only credible currency whose quantity cannot be expanded at will to meet the spending needs of governments in distress. By its very nature it remains scarce and rises in value as the supply of paper money grows. And I think it's safe to say that following the most dramatic credit crisis since the Great Depression -- one that is continuing to produce ripple effects, like events in Greece that are broadening into Europe itself -- we are likely to see historic investment shifts that will provide great opportunities.

One major beneficiary will be gold. I strongly believe that present financial conditions are about to transform the investment strategies of the world's largest investment funds in a way that will cause gold to surge substantially higher.

To understand why, consider present asset allocation at some of the world's largest investment funds. Pension funds, like the one I work for, have a significant effect on the world's markets, since they collectively manage $24 trillion. But gold plays a negligible role in their asset allocations.

Teacher Retirement System of Texas, whose GBI Gold Fund I manage, probably holds a larger percentage of assets in gold than any other large ($10 billion and higher) pension fund in the world, but our holdings in the precious metal are modest in comparison with any major type of asset like stocks and bonds. And so it is with other pension funds.

Since commodities typically represent around 3 percent of a typical fund's total assets, and the precious metal makes up less than 5 percent of commodity allocation, that makes gold only 0.15 percent of a fund's total assets. Add in the value of gold-mining stocks and precious-metals exchange-traded funds (maybe another 0.15 percent of total assets, at most), and a typical pension fund holds less than a third of 1 percent in gold -- that is to say, virtually nothing.

This is remarkable considering the tremendous diversification benefits the metal can provide for an investment portfolio.

Over the past decade, stocks were down 24 percent while gold rose 280 percent, a fact that would have benefited any fund with a significant gold investment. Gold was beating stocks even during the 2002–07 stock-market rally. But most financial professionals today have never considered gold seriously as a major investment. Since it performed so poorly during the equities and bonds boom of the 1980s and 1990s -- when most financial leaders today were moving up the ladder -- many nurse a lingering sense that gold will never make sense as an investment.

But suddenly the financial industry is being forced to think long and hard about gold. Surging public debt in many of the world's largest economies may be about to push the global government-bond market into a period of significant turmoil. If some part of the world's $30 trillion in sovereign debt could be dumped by the world's pension funds, insurance companies, banks, and individual investors, then where will that money flow to? Stocks? Real estate?

Since pension funds already have high exposure to stocks and other assets like real estate and private equity, it seems reasonable to expect that some fraction of that capital -- perhaps as much as $500 billion or more -- could eventually flow into a time-tested real asset: gold. Most funds would practically be starting from zero, considering the low percentage of total assets the metal represents today.

The effect of suddenly moving a substantial amount of investment money into precious metals was best described in a telephone conversation I had with an industry expert. He said it would be like shoving an elephant into a mailbox.

At $1,300 an ounce, all the gold in the world -- all the jewelry, coins, bars, molars, and church art -- is worth an estimated $6.5 trillion. But the vast majority of global gold, like the ring on my finger, is not freely traded. In fact, perhaps only 5 percent of all physical gold actually trades each year, which would make the investment gold market around $320 billion. The mining industry produced around 2,500 metric tons of gold in 2009, worth around $80 billion at the average price for the year. A little over half of every year's gold production is used for jewelry and industry, so less than $40 billion was available to the global investment community. That's equivalent to about 20 days of trading in shares of Google -- a single stock on the American market.

With these numbers, a large shift of funds into gold would cause it to rise sharply and fast. If it rose from the minuscule part it represents in the world's largest portfolios today to just 1 or 2 percent of global assets under management, the price increase would be substantial. A rise to $10,000 an ounce is not out of the question. It wouldn't be the first time gold has risen in such a way: The price of gold jumped 23-fold in the nine years ending in 1980. And at that time there was no question about the solvency of the U.S. government nor about the health of the banking system.

Buying gold -- that is, speculating that a rock will rise in value -- is a somewhat unsettling proposition for a 21st-century investor. But we've been here before. Many times throughout history, governments across the world have driven their countries to the brink of ruin in the name of "saving the economy" by printing money to cover climbing public expenditures. In times like these, decisions regarding what percentage of wealth to hold in stocks versus bonds should be considered alongside the questions "How much money do I want to have in the financial system itself?" and "Am I adequately protected from government errors that could harm my wealth?"

Today's situation is singularly dire, but it won't last. Gold will never outperform stocks and bonds over the long run, because it does not grow or produce a cash flow. But in light of the challenges facing most other investment classes at present, investors should think carefully about gold.

There are no reliable models to determine if it is "overvalued." What if the world's investors decided to transfer 3 to 5 percent of their wealth out of cash and into hard money? Considering that only 0.6 percent of global financial assets is currently held in the metal, such a movement could push gold prices into the tens of thousands of dollars per ounce. But if we reached that point, would it finally mean that gold had become insanely expensive—or simply that the world had less faith in the printed paper debentures of profligate governments? Which currency is more trustworthy? Which one is the real money?

-----

Shayne McGuire is the head of global research for and manages the $500 million GBI Gold Fund for Teacher Retirement System of Texas, one of the world's largest pension funds. This essay was adapted from his latest book, "Hard Money: Taking Gold to a Higher Investment Level."



Title: Re: Should I put my US Dollars into Gold?
Post by: loco on December 30, 2010, 08:59:59 AM
(http://upload.wikimedia.org/wikipedia/commons/thumb/d/d5/Spam_with_cans.jpeg/220px-Spam_with_cans.jpeg)


Title: Re: The Case for KB Gold
Post by: loco on December 30, 2010, 09:04:59 AM
(http://upload.wikimedia.org/wikipedia/commons/thumb/d/d5/Spam_with_cans.jpeg/220px-Spam_with_cans.jpeg)


Title: Re: The Case for KB Gold
Post by: boonasty on December 31, 2010, 09:03:21 AM
Phew! That's a relief! I thought you were going to ask me to name them.  :)

I use KB not so much as a vehicle for making money, but rather as a vehicle for preserving the value of the money I already have. For me it's not about speculating about an increase in the value of GOLD. The value of gold remains constant. The real fluctuating factor is the value of FIAT currencies. I'm using precious metals as a store of value, because every country on the planet appears to be in a race to devalue their currencies. So, when we see an increase in the price of gold, ...it is not the value of gold increasing, ...but rather a reflection of the decrease in the value of the FIAT currency relative to gold.

As for how I make money with KB, I earn a referral fee of up to $900 USD for anyone I refer to KB who opens and funds a FREE savings account, plus up to 5.5% of all subsequent deposits  

Yes.

I hope that was concise enough.  :D

the question i wanted a concise answer to was how you make money off of this.  and it was, thanks.

what expenses you have in doing business with this company?



can you also address this post from the talkgold website that says that kb gold is a poor investment?  his figures are from april



 Re: KB Gold - Goldfromkb.com: Very poor "investment"

--------------------------------------------------------------------------------

Here are today's prices for puchase/sell back price of gold at KB Gold ( http:/www.gold-kb.com/ ):

Quote:
Purchase price for 1g: 41,13 EUR/g*
Sell back price for 1g: 31,80 EUR/g*
.....
* Purchase price of KB gold over 3.000 EUR or when the savings in gold achive the value of 3.000 EUR. Purchase price for 1g of KB gold is 42,40 EUR and sale back price for other type of gold is 28,35 EUR.
.....  

If you purchase 3000 EUR worth of gold from this company, and want at some time to convert the gold back to money, you have at once lost 22.7% of the money you used to purchase gold.
If you have puchased gold for less than 3000 EUR from the company, your immediate loss is 33.1% of your invested money.

For comparison:

Spot price of gold on the world market: Approx. 847 EUR per troy ounce (31.1 gram) => 27.2 EUR/gram

For ordinary people who want to invest in gold, the most practical option is probably to buy gold coins, like e.g. Krugerrands or Canadian Maple Leaf. These coins are sold by numerous vendors, and contain 1 troy ounce (31.1 gram) of pure gold.
Yesterday's price of Krugerrands or Maple Leaf gold coins ( http://www.usagold.com/gold/price.html ):
1200.96 USD or 882.09 EUR, i.e. 28.36 EUR/gram.


To sum up:
If you purchase gold for more than 3000 EUR from KB Gold, you will pay the following excess prices:
- 29.3% above the sell-back price to the company.
- 51% above the world market gold price.
- 45% above the gold price for coins like e.g. Krugerrands.

If you purchase gold for less than 3000 EUR from KB Gold, you will pay the following excess prices:
- 49.5% above the sell-back price to the company.
- 55.9% above the world market gold price.
- 49.5% above the gold price for coins like e.g. Krugerrands.


In addition you have the uncertainty of leaving your gold in the custody of a company with unknown credibility, which does not provide its business address on its web pages, and which tries to give the impression that it is a German or Swiss company, while in reality it is located in Slovenia.
If this company should go ad undas for some reason, what is then the probability of recovering your gold puchased at excess price?

No, if you want to invest in gold, it is much better to buy gold coins like e.g. Krugerrand or Maple Leaf, and to store them in a safe at home or in a safe deposit box at your bank!

_____

if these figures were accurate and that is the way kb does business wouldn't it be much better for the individual to just purchase gold and hold it themselves?


Title: Re: The Case for KB Gold
Post by: 225for70 on December 31, 2010, 04:33:03 PM
Boo-nasty i posted how this was a scam a few months back. 30%+ spread on the bid/ask which is highway robbery...


Best case you only lose the spread (30%+_ currently) However, it's a bucket shop and the firm can move buy back price when they want to.

Worst case you lose everything...


Title: Re: The Case for KB Gold
Post by: 24KT on January 02, 2011, 06:14:05 AM
the question i wanted a concise answer to was how you make money off of this.  and it was, thanks.

Glad I could help clarify.

Quote
what expenses you have in doing business with this company?

Any expenses involved with regards to using KB as a business vehicle would be completely discretionary.
Unlike other programs which are essentially 'pay-to-play' there are no costs associated with becoming a KB partner or setting up an account with KB. There are no enrollment fees or website fees etc. It is FREE.

Quote
can you also address this post from the talkgold website that says that kb gold is a poor investment?  his figures are from april

 Re: KB Gold - Goldfromkb.com: Very poor "investment"

--------------------------------------------------------------------------------

Here are today's prices for puchase/sell back price of gold at KB Gold ( http:/www.gold-kb.com/ ):

Quote:
Purchase price for 1g: 41,13 EUR/g*
Sell back price for 1g: 31,80 EUR/g*
.....
* Purchase price of KB gold over 3.000 EUR or when the savings in gold achive the value of 3.000 EUR. Purchase price for 1g of KB gold is 42,40 EUR and sale back price for other type of gold is 28,35 EUR.
.....  

If you purchase 3000 EUR worth of gold from this company, and want at some time to convert the gold back to money, you have at once lost 22.7% of the money you used to purchase gold.
If you have puchased gold for less than 3000 EUR from the company, your immediate loss is 33.1% of your invested money.

For comparison:

Spot price of gold on the world market: Approx. 847 EUR per troy ounce (31.1 gram) => 27.2 EUR/gram

For ordinary people who want to invest in gold, the most practical option is probably to buy gold coins, like e.g. Krugerrands or Canadian Maple Leaf. These coins are sold by numerous vendors, and contain 1 troy ounce (31.1 gram) of pure gold.
Yesterday's price of Krugerrands or Maple Leaf gold coins ( http://www.usagold.com/gold/price.html ):
1200.96 USD or 882.09 EUR, i.e. 28.36 EUR/gram.


To sum up:
If you purchase gold for more than 3000 EUR from KB Gold, you will pay the following excess prices:
- 29.3% above the sell-back price to the company.
- 51% above the world market gold price.
- 45% above the gold price for coins like e.g. Krugerrands.

If you purchase gold for less than 3000 EUR from KB Gold, you will pay the following excess prices:
- 49.5% above the sell-back price to the company.
- 55.9% above the world market gold price.
- 49.5% above the gold price for coins like e.g. Krugerrands.


In addition you have the uncertainty of leaving your gold in the custody of a company with unknown credibility, which does not provide its business address on its web pages, and which tries to give the impression that it is a German or Swiss company, while in reality it is located in Slovenia.
If this company should go ad undas for some reason, what is then the probability of recovering your gold puchased at excess price?

No, if you want to invest in gold, it is much better to buy gold coins like e.g. Krugerrand or Maple Leaf, and to store them in a safe at home or in a safe deposit box at your bank!

_____

if these figures were accurate and that is the way kb does business wouldn't it be much better for the individual to just purchase gold and hold it themselves?

While I appreciate the concern, I cannot possibly account for some anonymous poster's opinion.
Opinions are like belly buttons... everybody has one.  :) That would be like me asking you to account for a post to this forum made by Samson or anyone else.

It appears to me, based on some glaring inaccuracies that the poster has very little if any credibility. I do not know his agenda or motives for saying what he has, and I find his figures highly dubious. For one thing, the corporate offices are in fact located in Munich, Germany, with a larger customer service office located in Stuttgart, Germany. They are not located in Slovenia, infact, they only recently started doing business in Slovenia. While the link he cites may be registered to someone in Slovenia, it is not the website for KB. That would be like me registering the domain http://www.disney-walter-disney.com and some anonymous idiot trying to use that as proof that the Disney resorts and animation studios are actually a Canadian empire. It's absolutely ludicrous at best. And potentially tragic for those who listen to those who would read it and believe it, {cough} 225for70 {cough} because it is nothing more than the ignorant and blind leading the ignorant and blind.

KB Edelmetall is a very successful DEBT-FREE 16 year old German company. Due to their credibility and influence they applied for and received a license from the Swiss authorities to produce Swiss certified monetary gold. This means KB is subject to very strict regulations and random audits. The gold KB produces is certified by the Swiss government. 99.9% pure 24kt gold is a universal global currency without any counter party risk.

If I were to rely on the opinion of another, I would prefer NOT to rely on that of an anonymous poster with inaccurate information, but would rather defer to the opinion of Bund der Sparer, an independent German Consumer Watchdog organization that not only endorses KB, but also highly recommends KB to it's members as a very good investment.

As far as buying larger coins over smaller weighted bars, that is a personal decision based on both means and preference. At todays and tomorrows prices, not everyone has or will have the ability to pull together $1500+ at once to acquire a 1 oz coin. When the price moves to $3,000 per oz and beyond, the market for 1 oz coins will be even more limited.

Many who use KB do so, in order to access the smaller weights for various pragmatic reasons. In the event of a financial crisis where FIAT currency has no value, a 1 oz or larger weight coin or bar would not prove a practical solution for day to day transactions. The premiums paid for these coins would prove wasteful, as they would lose all numismatic value, and in some cases would only be legal tender in a few countries. However, privately issued smaller weights allow for practical flexibility anywhere in the world. KB produces gold bars in 5 gram, 2.5 gram, and 1 gram sizes. KB also has plans to produce 0.5 gram and 0.25 gram bars in the future, as the price of gold continues to rise further.

Some points to consider when purchasing gold is that you cannot take the price of an oz of gold, divide it into 31.1, and come up with a price per gram. Gold is priced differently based on the weight. Unlike sugar or grains where all are priced on a universal code, precious metals are determined by the various weighted bars. The labour involved and refining process vary greatly between the different weighted bars. If you refined/melted down a 1 troy oz bar of gold, you will not end up with 31.1 gram bars. It takes more gold to produce the smaller units due to evaporation and of course more labour goes into assaying, certificating, stamping, serial numbers....etc.. It is a very tedious process as you go down in size.  There is always a premium on gold based on the bars final weight. The larger the bar, ...the lower the premium, ...when you purchase gold bars with a premium, ...you will sell back at the same premium based on the bar size/weight.   KB's prices are located on their website and change daily according to the markets.  

You may find gram weight bars for less, however, if you compare 1 gram kinebar gold bars, you will find it very difficult for anyone to match the price that KB offers especially being a preferred customer. The key is really in the buy back price, what will they give you when you sell back? KB guarantees the best buy back price or lowest spread on the market for their gold.

If one wants to purchase KB gold and take physical delivery to their home or office, that option is available to them FREE of charge. As is FREE storage in the vaults in Germany. Storage is also available in Switzerland and Singapore. You decide. Some people choose to keep all their gold in the vault, others choose to take delivery, while others choose to take delivery of some to have on hand, while keeping the rest in the vault. It is completely up to you. Just like your cash, some keep all or a portion in the bank, while keeping all or a portion within arm's reach. Similar to any other savings account, all deposits and/or withdrawals, are discretionary. You own manage and control the account.

Hope That Clarifies


Title: Re: The Case for KB Gold
Post by: boonasty on January 02, 2011, 08:51:51 AM
Boo-nasty i posted how this was a scam a few months back. 30%+ spread on the bid/ask which is highway robbery...


Best case you only lose the spread (30%+_ currently) However, it's a bucket shop and the firm can move buy back price when they want to.

Worst case you lose everything...


jaguar can you address 225's post here?




. KB Edelmetall is a very successful DEBT-FREE 16 year old German company.


how long in the gold business?  what other businesses have they been involved in?




As far as buying coins over smaller weighted kinebars, that is a personal decision based on both means and preference. At todays and tomorrows prices, not everyone has or will have the ability to pull together $1500+ at once to acquire a 1 oz coin. When the price moves to $3,000 per oz and beyond, the market for 1 oz coins will be even more limited.

Many who use KB do so, in order to access the smaller weights for various pragmatic reasons. In the event of a financial crisis where FIAT currency has no value, a 1 oz or larger weight coin or bar would not prove a practical solution for day to day transactions. The premiums paid for these coins would prove wasteful, as they would lose all numismatic value, and in some cases would only be legal tender in a few countries. However, smaller weights allow for practical flexibility anywhere in the world. KB produces gold bars in 5 gram, 2.5 gram, 1 gram, and 0.5 gram sizes. KB also has plans to produce 0.25 gram bars in the future, as the price of gold continues to rise further.

Some points to consider when purchasing gold is that you cannot take the price of an oz of gold, divide it into 31.1, and come up with a price per gram. Gold is priced differently based on the weight. Unlike sugar or grains where all are priced on a universal code, precious metals are determined by the various weighted bars. The labour involved and refining process vary greatly between the different weighted bars. If you refined/melted down a 1 troy oz bar of gold, you will not end up with 31.1 gram bars. It takes more gold to produce the smaller units due to evaporation and of course more labour goes into assaying, certificating, stamping, serial numbers....etc.. It is a very tedious process as you go down in size.  There is always a premium on gold based on the bars final weight. The larger the bar, ...the lower the premium, ...when you purchase gold bars with a premium, ...you will sell back at the same premium based on the bar size/weight.   KB's prices are located on their website and change daily according to the markets. 

You may find gram weight bars for less, however, if you compare 1 gram kinebar gold bars, you will find it very difficult for anyone to match the price that KB offers especially being a preferred customer. The key is really in the buy back price, what will they give you when you sell back? KB guarantees the best buy back price or lowest spread on the market for kinebar gold.



jaguar, are you aware that you can buy tenth of an ounce american eagle gold coins?


Title: Re: The Case for KB Gold
Post by: 24KT on January 02, 2011, 07:36:37 PM

jaguar can you address 225's post here?

Sorry, have neither the desire nor inclination to invest time answering troll attacks.
225for70 has made it clear to me he is interested in troll attacks and flinging feces for shits n' giggles. Pass.

Quote
how long in the gold business?  what other businesses have they been involved in?

They've been in business for 16 years dealing with financial products, pensions plans, and other financial investment products. Their customers kept asking for gold products. A few years ago, a gold mine in Istanbul Turkey, came up for sale, and KB bought it. Shortly thereafter, a refinery near the gold mine, also came up for sale, and KB bought that too. Suddenly KB had two very impressive assets that would allow them to always meet the demands of their clients even in times of market shortfalls.

As a result of their overwhelming success in Germany, Switzerland, Austria and central Europe, KB decided to make the program available worldwide.

Of the 95 Tier one refineries in the world, 89 are government owned & controlled, ...only 6 are privately held.
KB is one of those six.


Quote
jaguar, are you aware that you can buy tenth of an ounce american eagle gold coins?

Boonasty, I'm not sure how to say this delicately, but the truth is "American made" products especially financial products don't really enjoy the trust they once did outside of America. Even prior to the financial crisis of 2008, or the revelations of gold-plated tungsten bars coming from the US mint, American eagles were less prized than the Canadian Maple Leaf.


Title: Re: Should I put my US Dollars into Gold?
Post by: 24KT on January 04, 2011, 06:21:25 PM
NUMISMATICS ARE FOOL'S GOLD
by Peter Schiff
Jan. 4, 2011

(http://www.uncoveredpolitics.com/wp-content/uploads/2010/06/peter-schiff-image2.jpg)
           Peter Schiff

Last month, I addressed the hype around gold confiscation, and debunked the myth that collectible or numismatic coins would offer effective protection. But there is another sales pitch that many dealers will use while trying to "up sell" you to numismatics. They may argue that on investment merits alone, numismatics are a better bet. While this may be a more rational line of thinking than the typical confiscation con, it is bad advice for investors hoping to protect their assets in an economic slump.

THINK LIKE A PRO, NOT A SCHMO

I have long urged investors to keep 5-10% of their portfolios in physical precious metals, and add even more exposure when appropriate through the Perth Mint certificate program and mining stocks. This advice, far outside of the Wall Street mainstream, stems from my view of the kind of crisis we are approaching.

Many people assume that the crash I wrote about in the original "Crash Proof" was the credit crunch of October '08. They are mistaken. Though I did accurately forecast the economic events of 2008, my ultimate prediction was that these events would set into motion a larger crash to follow. That crash, the one I have been warning about for a decade, is a collapse of the international dollar standard.

This is the crisis for which the smart money is already preparing. The People's Bank of China, Reserve Bank of India, Goldman Sachs, Barclays Capital, John Paulson, Jim Rogers, and countless other big names are all protecting themselves from a global monetary breakdown by buying gold. But are they doing it with numismatics? Among the big players, the answer is universally no.

NUMISMATICS ARE LIKE STAMPS, NOT STOCKS

The reason a numismatic coin can sell for double, triple, or even many multiples of the value of the metal it contains is that a collector values the rarity and/or beauty of the coin. As an investment, it is on par with a stamp or a baseball card. Some people do make money flipping these items, but it is usually an experienced broker who can buy at a steep discount and sell at a large markup - either to a collector who takes pleasure in owning the item but does not expect to profit from it, or to a naive investor who thinks he can make money selling it on to a collector (or a greater fool).

If you are buying numismatic coins, chances are you're making a fast-talking salesman very rich at your expense.

LIES, DAMNED LIES, AND STATISTICS

This salesman might have a chart showing the performance of "rare/collectible/numismatic coins" against "regular/bullion coins." Of course, the chart shows the numismatics performing much better. But these graphs inevitably track particular rare coins which are cherry-picked with the benefit of hindsight. For every one rare coin that outperforms, there could be ten that severely underperform. Only afterward would you know which coin you should have bought.

In addition, these comparisons typically measure times of relative affluence, when coin collectors are flush. The chart is likely to reverse during a recession, not to mention the inflationary depression we are likely to experience. When times are tough, coin collectors are just as broke as everyone else.

Finally, the comparisons often omit the dealer's high markups and markdowns that would more than wipe out the alleged profits for retail investors.

BULLION GOLD IS MONEY

By contrast, bullion gold is more than an investment. It something you own so you can trade locally for the stuff you need - food, clothes, a roof over your head - even if the other guy isn't a coin enthusiast. In other words, it is money. One of the characteristics that makes gold money is its uniformity - meaning each coin is the same as every other coin of the same weight. Diamonds, which are not uniform because they vary in clarity, color, etc., are not money. Numismatic coins, which vary in rarity, condition, date of issue, etc., are also not money.

Bullion gold coins will always have value to your fellow Americans, while paper dollars have less and less. As the dollar declines, the "price" of gold will continue to rise, reflecting the stable purchasing power of the yellow metal. What's more, in a volatile environment, bullion gold will carry a premium for being reliable and widely accepted money - just as the US dollar does now.

THE WORST TIME FOR NUMISMATICS IS NOW

If we enter into depression conditions, numismatics may actually drop in value while the gold price rises. As I mentioned above, numismatic coins depend on the demand of collectors. Collectors are folks with plenty of discretionary income. When inflation is eating away savings and the economy is contracting, who are these mystery millionaires that are going to buy your stash of St. Gaudens Double Eagles? Chances are any collectors will also be liquidating their collections as they lose their jobs and their investments go south.

Sure, the coins' gold content will provide a 'floor' to their value that stamps and baseball cards don't have, but the gold value is typically only a fraction of the retail price of a numismatic coin. If you pay twice the bullion value to buy a rare coin, bullion could double in value and you still might not be able to sell your coin for a profit. If you buy a regular bullion coin, the gold price only has to rise the amount of the markup above spot before you profit.

DON'T BUY FOOL'S GOLD

In short: the idea of numismatic coins as investments should be put to rest, once and for all.

Gold is a commodity. Bullion coins are pre-measured units of this commodity, stamped with a design as a quick signal of authenticity. Gold is also history's most reliable form of money, which makes it a good commodity to own when the world's paper money system is in upheaval.

But just like buying an Armani suit is not an investment in wool, numismatics are not an investment in gold. The only people who should be buying numismatics are those who appreciate the coins for their aesthetic value and take pleasure in owning them, not those hoping to preserve their wealth.

Gold still has a long bull market ahead of it. It's not too late for Americans to dump their dollar for a real store of value. The key is to find a trustworthy dealer with fair markups - and avoid dealers with teaser prices on the bullion coins you want and aggressive pitches for numismatics you should avoid.



Title: Re: Should I put my US Dollars into Gold?
Post by: 24KT on January 09, 2011, 05:08:27 AM
Central Banks are Acquiring Gold, Dumping US Dollars
by Michel Chossudovsky

Global Research, January 6, 2011

(http://www.jaguarenterprises.net/images/gold-d.jpg)

There is evidence that central banks in several regions of the World are building up their gold reserves. What is published are the official purchases. A large part of these Central Bank purchases of gold bullion are not disclosed. They are undertaken through third party contracting companies, with utmost discretion.

US dollar holdings and US dollar denominated debt instruments are in effect being traded in for gold, which in turn puts pressure on the US dollar.  

In turn, both China and Russia have boosted domestic production of gold, a large share of  which is being purchased by their central banks:

It has long been assumed that China is surreptitiously building up its gold reserves through buying local production. Russia is another major gold miner where the Central bank has been purchasing gold from another state entity, Gokhran, which is the marketing arm and central repository for the country's mined gold production. Now it has been reported by Bloomberg that the Venezuelan Central Bank director, Jose Khan, has said that country will boost its gold reserves through purchasing more than half the gold produced from its rapidly growing domestic gold mining industry.

In Russia, for example, Gokhran sold some 30 tonnes of gold to the Central Bank in an internal accounting exercise late last year. In part, so it was said at the time, the direct sale was made rather than placing the metal on the open market and perhaps adversely affecting the gold price.

China is currently the world's largest gold producer and last year it confirmed it had raised its own Central Bank gold holdings by more than 450 tones over the previous six years. Mineweb.com - The world's premier mining and mining investment website Venezuela taking own gold production into Central Bank reserves - GOLD NEWS | Mineweb

The 450 tons figure corresponds to an increase in the gold reserves of the central bank from 600 tons in 2003 to 1054 tons in 2009. If we go by official statements, China's gold reserves are increasing by approximately 10 percent per annum:

China has risen to now be the largest gold producing nation in the world at around 270 tonnes. The amount bought in by the government initially looks like 90 tonnes per annum or just under, 2 tonnes a week. Before 2003 the announcement by the Chinese central bank that gold reserves had been doubled to 600 tonnes, accounted for similar purchases before that date. Why so small an amount you may well ask? We think local and national issues clouded the central bank’s view as it was the government that bought the gold since 2003 and have now placed it on the central bank’s Balance Sheet. So we would conclude that the government has ensured central bank gold purchasing must continue. "How will Chinese Central Bank Gold Buying affect the Gold Price short & Long-Term?" by Julian Phillips. FSO Editorial 05/07/2009

Russia

Russia's Central bank holdings are in excess of 20 million troy ounces (January 2010)

(http://www.jaguarenterprises.net/images/RUSSIANAU_jan_opt.jpg)

Russia’s Central Bank reserves have increased markedly in recent years. The RCB reported in May 2010 purchasing 34.2 tons of gold in a single month. Russian Central Bank Gold Purchases Soar In May – China Too? | The Daily Gold

The diagram below shows a significant increase in monthly purchases by the the RCB since June 2009.

(http://www.jaguarenterprises.net/images/RCBGR.jpg)

Central Banks in the Middle East are also building up their gold reserves, while reducing their dollar forex holding.

Gold reserves of GCC states is less than 5 percent:

Dubai International Financial Centre Authority economists released a report yesterday calling for local countries to build gold reserves, according to The National.

Despite a high interest in gold, GCC states maintain less than 5 percent of their total reserves in gold. Compared to the ECB, which holds 25 percent of reserves in gold, that leaves a lot of room for growth. http://www.businessinsider.com/gcc-boost-gold-holdings-2010-12#ixzz18FEqpTy3

GCC states should boost their foreign reserve holdings of gold to help shield their billions of dollars of assets from turbulence in global currency markets, say economists at the Dubai International Financial Centre Authority (DIFCA).

Diversifying more of their reserves from US dollars to the yellow metal would help to offer central banks in the region higher investment returns, said Dr Nasser Saidi, the chief economist of DIFCA, and Dr Fabio Scacciavillani, the director of macroeconomics and statistics at the authority.

"When you have a great deal of economic uncertainty, going into paper assets, whatever they may be - stocks, bonds, other types of equity - is not attractive," said Dr Saidi. "That makes gold more attractive."

Declines in the dollar during recent months have dented the value of GCC oil revenues, which are predominantly weighted in the greenback. GCC urged to boost gold reserves

According to a report in People`s Daily;

The latest rankings of gold reserves show that, as of mid-December, the United States remains the top country and the Chinese mainland is ranked sixth with 1,054 tons of reserves, the World Gold Council announced recently.

Russia climbed to eighth place because its gold reserves increased by 167.5 tons since December 2009. The top ten in 2010 remains the same compared to the rankings of the same period of last year. And Saudi Arabia squeezed to the top 20.

Developing countries and regions, including Saudi Arabia and South Africa, have become the main force driving the gold reserve increase. ... .

The International Monetary Fund (IMF) and the European central bank are the major gold sellers, and the IMF's gold reserves decreased by 158.6 tons. (China's gold reserves rank 6th worldwide - People's Daily Online

It should be understood that actual purchases of physical gold are not the only factor in explaining the movement of gold prices. The gold market is marked by organized speculation by large scale financial institutions.

The gold market is characterised by numerous paper instruments, gold index funds, gold certificates, OTC gold derivatives (including options, swaps and forwards), which play a strong role, particularly in short-term movement of gold prices. The recent increase and subsequent decline of gold prices are the result of manipulation by powerful financial actors.

http://www.globalresearch.ca/index.php?context=va&aid=22672


Title: Re: Should I put my US Dollars into Gold?
Post by: 24KT on January 11, 2011, 01:44:35 AM
Not owning gold is insane, Cazenove's Griffiths tells CNBC
 
Section: Daily Dispatches
8:10p ET Monday, January 10, 2011

Dear Friend of GATA and Gold:

Interviewed today by CNBC, Cazenove Capital's technical strategist, Robin Griffiths, remarked that gold is still in a "linear trend" but eventually will "go exponential" as fiat currencies are "printed into oblivion," and so not owning gold is "a form of insanity." Of course this doesn't mean that all gold owners are sane, just that even the crazy ones may end up able to pay for their own institutionalization. You can read a summary of the interview with Griffiths and watch its video, about 4 minutes long, at the CNBC Internet site here:

http://www.cnbc.com//id/40997445 (http://www.cnbc.com//id/40997445)

"Gold will eventually rally exponentially and investors who don't own the precious metal are 'insane,' and may be showing 'masochistic tendencies.' " --Robin Griffiths, technical strategist at Cazenove Capital


Title: Re: Should I put my US Dollars into Gold?
Post by: 24KT on January 11, 2011, 02:05:20 AM
Judge orders Fed to deliver gold records for her review

Section: Daily Dispatches
2:18p ET Monday, January 10, 2011

GATA today scored a small but perhaps auspicious victory over the Federal Reserve in our lawsuit seeking access to the Fed's secret gold files. The judge presiding over GATA's federal freedom-of-information lawsuit in U.S. District Court for the District of Columbia, Ellen Segal Huvelle, granted GATA's motion to order the Fed to produce in complete form for the judge's private review 20 gold-related documents the Fed has sought to keep secret. The judge ordered the Fed to deliver the documents by Friday.

Through its lawyers, William J. Olson P.C. of Vienna, Virginia -- www.LawAndFreedom.com -- GATA has argued that the Fed's production of gold-related documents has been so inadequate and the Fed's arguments for keeping them secret so weak that the court should review the documents acknowledged by the Fed and order the Fed to answer 25 questions from GATA about the Fed's search for relevant information.

While Judge Huvelle still could grant at any time the Fed's motion to dismiss GATA's lawsuit, her ruling today at least implies a little skepticism about the Fed and its tactics. Combined with today's statement by U.S. Rep. Ron Paul, the new chairman of the House Financial Services Committee's Subcommittee on Monetary Policy (http://www.gata.org/node/9495), Judge Huvelle's ruling gives hope that the Fed's enormous secret power to rig markets and bestow the most fantastic patronage on a parasitic financial elite can be brought to account eventually.

The judge's order to the Fed to produce documents for her private review can be found at GATA's Internet site here:

http://www.gata.org/files/GATAFedLawsuitCourtOrder-01-10-2011.pdf

Those who are skeptical of GATA's complaint that the Federal Reserve is part of an interntional gold-price rigging scheme should reflect on the meaning of the Fed's refusal to disclose all its gold-related records, records that include gold swap arrangements with foreign banks:

http://www.gata.org/node/8192

If the U.S. gold reserves are just sitting somewhere, inert, unencumbered, and unused for surreptitious market intervention, what's the problem with full disclosure?

Financial journalists unafraid of aggravating the world's financial powers should start putting gold-related questions to the Fed and other central banks and stop simply assuming that secrecy should be the normal order of things with central banks and gold.

And people everywhere who believe in free markets in the monetary metals and who have not already supported GATA financially can join our struggle here:

http://www.gata.org/node/16

This struggle could have been undertaken easily and likely more effectively by the World Gold Council, which aims to represent gold mining companies and gold investors. But the council's indifference to questions of surreptitious central bank intervention in the gold market has left the struggle to GATA. We need your help to pursue this struggle to victory for free markets, limited government, and a better, fairer world.

CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.


Title: Re: The Case for KB Gold
Post by: kcballer on January 12, 2011, 03:49:43 PM
Scam.  Why can't anyone explain the price?  ???

Not even on this forum can people who live in munich explain the scam

http://www.investingideas.biz/forum/thread-kb-gold-and-a-free-gold-franchise?page=2 (http://www.investingideas.biz/forum/thread-kb-gold-and-a-free-gold-franchise?page=2)

Rights Guys

Thanks for the invite but can you explain why I would come to a webinar or whatever to to told that I'm paying 33.17% above the London Fix for your 1g bars? If I resold them back I would still only get back around 8% ? So in actual fact I'm still -25.18% from where I started from one day to the next.
When I buy from you I'm 33.17% out of pocket straight away and would need gold to increase in value at just under 5% per month for seven months just to break even on my original purchase.

http://www.obtainer-online.com/kb_gold_once_again_critized_by_publically_governed_television_3_479_EN.html (http://www.obtainer-online.com/kb_gold_once_again_critized_by_publically_governed_television_3_479_EN.html)

They are profiling themselves as franchisor and not as a... franchisee, so what ARE they!

KB also owns NO Goldmine and not even one ounce of gold as... They Say !
They are pure franchisee.

Only the franchisor itself has property rights and contracts with Turkey.

KB has NOTHING and is in fact nothing more then an organization that is in nothing more than providing services on behalf of the franchisor. KB does not even posses 1 gram of gold, but claims that they have, again the franchisor has. People are getting even strongly adviced to close contracts of 3000 euros, while everyone knows that the gold price at its peak. You should SELL gold right now. Buying Gold now is very unwise, not to mentioning... Stupid. Mike Koschine tells stories, and all independent Agents do also who are far from the truth, just trying to close these contracts. Investing is creating money with money, but this is destroying your hard earned money. Nobody is also buying shares when they are are the top... they sell ! Wise investors never get approached by them, because they will not fall for it and that is why they are approaching mainly private households, because they do know that there are still many people outthere who is believing such a crap and blufcompany. IT IS A SCANDAL !


Title: Re: The Case for KB Gold
Post by: 24KT on January 13, 2011, 04:40:03 AM
Why can't anyone explain the price?  ???

KC, you need to back up a few posts in this thread to see my response to Boonasty.

Quote
http://www.obtainer-online.com/kb_gold_once_again_critized_by_publically_governed_television_3_479_EN.html (http://www.obtainer-online.com/kb_gold_once_again_critized_by_publically_governed_television_3_479_EN.html)

They are profiling themselves as franchisor and not as a... franchisee, so what ARE they!

Bear in mind we are referring to cross jurisdictional definitions. What can be considered a franchise in Europe, may not be considered a franchise in North America. As well, keep in mind, you are asking me to address other people's "opinions". Opinions are not facts, as evidenced by the following comment...

Quote
KB also owns NO Goldmine and not even one ounce of gold as... They Say !

Only the franchisor itself has property rights and contracts with Turkey.

KB has NOTHING and is in fact nothing more then an organization that is in nothing more than providing services on behalf of the franchisor. KB does not even posses 1 gram of gold, but claims that they have, again the franchisor has.

The above statement is completely false. The allegations have been previously made by a competitor. After audits of the vault in Switzerland, all customer monies and gold was indeed verified and accounted for.


Quote
People are getting even strongly adviced to close contracts of 3000 euros, while everyone knows that the gold price at its peak. You should SELL gold right now. Buying Gold now is very unwise, not to mentioning... Stupid. Mike Koschine tells stories, and all independent Agents do also who are far from the truth, just trying to close these contracts. Investing is creating money with money, but this is destroying your hard earned money. Nobody is also buying shares when they are are the top... they sell ! Wise investors never get approached by them, because they will not fall for it and that is why they are approaching mainly private households, because they do know that there are still many people outthere who is believing such a crap and blufcompany. IT IS A SCANDAL !

Selling Gold right now is in my opinion what one should NOT be doing. Just because it is currently at all time highs doesn't mean it does not yet have a ways to go. I believe gold is just entering the initial phase of a bull market, and will be quite some time before the price comes down to where people buying gold today would lose any money. The very proliferation of business establishments looking to buy gold from the public should be proof enough.


Title: Re: Should I put my US Dollars into Gold?
Post by: 24KT on January 13, 2011, 05:08:56 AM
(http://images.forbes.com/media/assets/forbes_logo_blue.gif)
Commentary

There Is No Getting Around Gold
Jeffrey Bell and Rich Danker
01.10.11, 12:00 PM ET

Earlier this week Thomas Hoenig, president of the Kansas City Federal Reserve, went out of his way to call the gold standard a "very legitimate monetary system." In November, World Bank President Robert Zoellick and Indiana Republican Congressman Mike Pence both called for a serious look at using gold as the centerpiece of international monetary reform (http://www.getbig.com/boards/index.php?topic=349004.msg5009970#msg5009970).

The fact that a Fed leader, the highest-ranking American official in international economics, and a potential presidential candidate are talking up the gold standard indicates that floating money is running out of political cover, and that the obstacles to gold replacing it are narrowing.

The first confirmation of this was the reaction of certain economic elites who, instead of responding with a straightforward defense of the status quo, lobbed ad hominem attacks on those who dared to mention gold. "I think [Zoellick] is living in the past," Edwin Truman of the Peterson Institute for International Economics told the Financial Times. Gold is "minor and really irrelevant," echoed Peterson Institute Director Fred Bergsten in the same article.

The most common practical objection to the international gold standard is political: that the slight deflationary bias it gives off would not be tolerated by people today. Yet this conclusion overlooks the serial price crashes that the economy has endured since gold was demonetized in 1971.

At different times and most recently all at once, the values of homes, stocks and other investment assets have collapsed and traumatized the lives of ordinary Americans. Think upheaval over monetary policy was a thing of the 19th century? In 1982 a mob of tractor-driving farmers blockaded the Fed headquarters in Washington in protest over high interest rates, leading Chairman Paul Volcker to hold public forums around the country to try and explain his prolonged and painful effort to squeeze inflation out of the economy.

The busts of the post-Bretton Woods era have been the downsides of the bubbles. Taken together they represent the chronic problem of modern capitalism: the excess credit that at its high point decouples capitalist virtues from prosperity and at its low point pins ordinary people under acute economic distress. This is the distinguishing feature of the debt-based monetary system the world inherited by going off gold.

U.S. dollars, the world's main reserve money supply, are pieces of paper with no independent value. It is no wonder that government, corporate, and household debt levels have soared under this arrangement and muddled the difference between the genuine article of economic ingenuity and the next conduit for hot money.

The international gold standard worked as well as it did because it automated domestic monetary decisions according to the ability of citizens and foreign trading partners to convert currencies into gold. The price-specie-flow mechanism, devised by David Hume to discredit mercantilism in the 18th century, guaranteed that countries with international payments deficits lost buying power and were brought back into balance with the world economy through competitive price adjustments initiated by redemptions for gold. This system, which the U.S. was wedded to from 1879 to 1914, outperformed all other American monetary regimes in terms of overall price stability according to John Mueller's statistical analysis in his new book Redeeming Economics.

Various proposals to repair the paper dollar system have been fashioned to avoid using gold, ranging from an inflation target rule as employed by the European Central Bank, to Ben Bernanke's "constrained discretion" approach, to recent legislation by Pence and Sen. Bob Corker, R-Tenn., that reduces the Fed's mandate to the sole task of assuring price stability. But attempting to transmit the gold standard's results without gold is wishful thinking.

No central bank can manage a currency well enough to replicate the benefits of an independent value behind it whose convertibility conveys a clear signal about the demand for money. There are compelling reasons that gold is this ideal monetary anchor: Its supply grows at a steady rate that over time mirrors long-run economic growth, it cannot be destroyed or easily lost, and it is historically identifiable as money.

Yet most sympathetic politicians, policymakers and academics shy away from embracing gold. A common refrain is lack of voter knowledge, and there is some truth to this. In focus groups of Democrats and Republicans that we observed over the summer in Cincinnati, most participants had come of age after Bretton Woods and therefore had no living memory of gold playing a central role in monetary policy. But they did comprehend the gold standard when it was explained to them (a third session in Cincinnati with Tea Party activists elicited surprising levels of historical knowledge and support).

Even if they have never heard of the price-specie-flow mechanism, voters have an increasing sense of how the gold standard works because there is an intuitive association of gold with money. A system that last fully operated before World War I is more transparent and understandable than the monetary regime we live under today, dictated by central bankers making policy according to their macroeconomic preoccupations. The monetary authorities themselves do not understand the impact of their decisions on the wider world, where foreign central banks recycle excess reserves into U.S. dollar-denominated debt that artificially boosts asset prices and generates recurring bubbles below the radar of inflation.

Floating money was supposed to be an experiment in alleviating the international payments deficit when President Richard Nixon closed the gold window in 1971. What started as something of a desperation measure took on a life of its own and became an entrenched system with the requisite pro-status quo establishment and line of defense.

Despite its well-documented failings, it has been bailed out time and time again by the resilience of the American economy. Even an optimist like Ronald Reagan would have had a hard time believing in 1971 that the U.S. could survive a monetary crisis of the kind that would occur on his watch.

But the tight money fix that he saw through proved to be a reprieve, rather than an antidote, for the dysfunctionality of debt-based managed money. Would-be reformers have tried to devise solutions designed in large part to avoid including gold, but none have caught fire or shown themselves to be as transparent and simple as the gold standard. The only real debate is between paper money and gold-backed money, and it is already getting under way at the highest levels.

Jeffrey Bell and Rich Danker are policy director and project director for economics, respectively, at American Principles Project, a Washington, D.C.-based advocacy group.


Title: Re: The Case for KB Gold
Post by: boonasty on January 13, 2011, 10:33:21 AM


Boonasty, I'm not sure how to say this delicately, but the truth is "American made" products especially financial products don't really enjoy the trust they once did outside of America. Even prior to the financial crisis of 2008, or the revelations of gold-plated tungsten bars coming from the US mint, American eagles were less prized than the Canadian Maple Leaf.


are you claiming that gold mined in the united states is worth less than gold mined elsewhere?



Selling Gold right now is in my opinion what one should NOT be doing. Just because it is currently at all time highs doesn't mean it does not yet have a ways to go. I believe gold is just entering the initial phase of a bull market, and will be quite some time before the price comes down to where people buying gold today would lose any money. The very proliferation of business establishments looking to buy gold from the public should be proof enough.


i don't think people should be selling their gold at this time also but jaguar don't you agree that an individual gets much less gold for their money if they buy from your company?


also does your company plan to do business in the united states or do the laws make it illegal for that company to do business in the u.s.?


Title: Re: The Case for KB Gold
Post by: 24KT on January 13, 2011, 09:40:39 PM

are you claiming that gold mined in the united states is worth less than gold mined elsewhere?

Not at all. Aside from purity issues of the various coins, I'm simply saying that trust & faith in things "American made" is not as strong as in years past. That might not be something that YOU as an American may enjoy hearing, or even relate to, but America's reputation has taken quite a tremendous beating over the last decade. Recent revelations of American made US Mint produced gold plated tungsten bars does little to alleviate that.

Quote
i don't think people should be selling their gold at this time also but jaguar don't you agree that an individual gets much less gold for their money if they buy from your company?

Boonasty, not if you're comparing apples to apples. KB sells smaller weighted hologrammed bars, and while they may be priced higher per gram than 1 oz or 1 kilo bars, they are the best priced 1 gram hologrammed bars on the market. KB didn't pioneer the production of gold bars with holograms, UBS did, and already KB has surpassed UBS as the world's largest seller of 1 gram bars. Remember too, the KB savings plan is not designed for market speculators looking for a quick buck, ie: buy today, sell tomorrow, buy again on Tuesday morning, sell again Friday afternoon etc., The KB savings plan is designed for those who want to buy today, buy next week / month, buy again next week/month, buy again next week/month as their budget allows. It is for those who see and understand the value of gold, as well as where the price of gold is going, and want to protect the value of their purchasing power by exchanging increasingly worth-less fiat currency for something with real appreciation.

Quote
also does your company plan to do business in the united states or do the laws make it illegal for that company to do business in the u.s.?

KB most definitely plans to do business in the USA. Infact, the i's are being dotted, and the t's are being crossed as I type.


Title: Re: The Case for KB Gold
Post by: kcballer on January 14, 2011, 11:00:29 AM
KC, you need to back up a few posts in this thread to see my response to Boonasty.

Bear in mind we are referring to cross jurisdictional definitions. What can be considered a franchise in Europe, may not be considered a franchise in North America. As well, keep in mind, you are asking me to address other people's "opinions". Opinions are not facts, as evidenced by the following comment...

The above statement is completely false. The allegations have been previously made by a competitor. After audits of the vault in Switzerland, all customer monies and gold was indeed verified and accounted for.


Selling Gold right now is in my opinion what one should NOT be doing. Just because it is currently at all time highs doesn't mean it does not yet have a ways to go. I believe gold is just entering the initial phase of a bull market, and will be quite some time before the price comes down to where people buying gold today would lose any money. The very proliferation of business establishments looking to buy gold from the public should be proof enough.

So let me get this straight.  This 'company' is a franchise which somehow means something different when anyone can see it doesn't.  They don't own the mine at all because if they did they wouldn't be selling sh*tty little debit cards with gold on them, they would be either a multi million dollar a year private company  in which you would never be involved with it or a publicly listed mining company.  Fact is they are neither. 

They are selling get rich quick to fools overseas to sell their poorly priced product on the back of a bearish gold market.  Then they tie in snake oil peddlers like yourself to get sell it to the public dumb enough to believe gold will forever rise and no one has any use for paper money anymore.   ::)

Yeah Schiff and all the fund managers are telling you to buy gold so they can dump it before it comes crashing back down.  They don't give out 'advice' for free when people pay hundreds of thousands for it.   


Title: Re: The Case for KB Gold
Post by: 24KT on January 14, 2011, 09:28:50 PM
So let me get this straight.  This 'company' is a franchise which somehow means something different when anyone can see it doesn't.  They don't own the mine at all because if they did they wouldn't be selling sh*tty little debit cards with gold on them, they would be either a multi million dollar a year private company  in which you would never be involved with it or a publicly listed mining company.  Fact is they are neither.  

They are selling get rich quick to fools overseas to sell their poorly priced product on the back of a bearish gold market.  Then they tie in snake oil peddlers like yourself to get sell it to the public dumb enough to believe gold will forever rise and no one has any use for paper money anymore.   ::)

Yeah Schiff and all the fund managers are telling you to buy gold so they can dump it before it comes crashing back down.  They don't give out 'advice' for free when people pay hundreds of thousands for it.  

Are you asking a question, ...or making a statement? No, you don't have it straight at all.
You really should understand the difference between facts, and opinions based on false information.

No one is selling a get rich quick scheme of any kind. KB is selling hologrammed gold bullion in smaller weights, thereby making gold ownership accessible to the masses, as a hedge against inflation, and the increasing trend of currency devaluation. It's NOT a 'get rich quick scheme'. It empowers the consumer to maintain the value of their wealth and purchasing power through precious metals. If anything, it is an 'avoid poverty program.'


Title: Re: The Case for KB Gold
Post by: 24KT on January 17, 2011, 07:13:02 PM

i don't think people should be selling their gold at this time also but jaguar don't you agree that an individual gets much less gold for their money if they buy from your company?



Boonasty, not if you're comparing apples to apples. KB sells smaller weighted kinebars, and while they may be priced higher per gram than 1 oz or 1 kilo bars, they are the best priced 1 gram kinebars on the market. KB didn't pioneer the production of kinebars, UBS did, and already KB has surpassed UBS as the world's largest seller of 1 gram kinebars. Remember too, the KB savings plan is not designed for market speculators looking for a quick buck, ie: buy today, sell tomorrow, buy again on Tuesday morning, sell again Friday afternoon etc., The KB savings plan is designed for those who want to buy today, buy next week / month, buy again next week/month, buy again next week/month as their budget allows. It is for those who see and understand where the value of gold is going, and want to protect the value of their purchasing power by exchanging increasingly worth-less fiat currency for something with real appreciation.



Some points to consider when purchasing gold is that you cannot take the price of an oz of gold, divide it into 31.1, and come up with a price per gram. Gold is priced differently based on the weight. Unlike sugar or grains where all are priced on a universal code, precious metals are determined by the various weighted bars. The labour involved and refining process vary greatly between the different weighted bars. If you refined/melted down a 1 troy oz bar of gold, you will not end up with 31.1 gram bars. It takes more gold to produce the smaller units due to evaporation and of course more labour goes into assaying, certificating, stamping, serial numbers....etc.. It is a very tedious process as you go down in size.  There is always a premium on gold based on the bars final weight. The larger the bar, ...the lower the premium, ...when you purchase gold bars with a premium, ...you will sell back at the same premium based on the bar size/weight.   KB's prices are located on their website and change daily according to the markets.  

You may find gram weight bars for less, however, if you compare 1 gram kinebar gold bars, you will find it very difficult for anyone to match the price that KB offers especially being a preferred customer.



jaguar don't you agree that an individual gets much less gold for their money if they buy from your company?


Attached is a linked pdf (http://www.jaguarenterprises.net/kb/docs/kurseKSK.pdf) where you will find an actual price list from big german bank the "Kreissparkasse".
There you can see that their selling price for 1 g is 47,90 EURO.
Our price for the same day is 47,80 EURO and with the preferred customer discount 46,37 EURO.
Now the question is, who is too expensive? And theirs isn't even kinebar grade.


Title: Re: Should I put my US Dollars into Gold?
Post by: 24KT on January 17, 2011, 07:18:28 PM
Only gold will hold its own among currencies,
Hinde study concludes


Monday, January 17, 2011.
Section: Daily Dispatches 11:58a ET

Dear Friend of GATA and Gold:

Hinde Capital in London, whose CEO, Ben Davies, has become a gold advocate of worldwide renown over the past year, has published a comprehensive study of the world's financial situation as it relates to gold. As currencies race to devalue, the study finds, gold is the only currency likely to hold its own, and Hinde more or less advises people to get all the metal they can and then find a safe planet to keep it on. The study is titled "Nessun Dorma" -- opera talk for "None Shall Sleep" -- and credits GATA's work exposing the central bank gold price suppression scheme. You can find the study at GATA's Internet site here:

http://www.gata.org/files/HindeCapital-NessunDorma-01-17-2011.pdf


Title: Re: Should I put my US Dollars into Gold?
Post by: 24KT on January 18, 2011, 08:41:24 AM
MAD Rush For Physical Silver At The Comex, $50 Silver in February 2011?

http://www.youtube.com/watch?v=ktJjqOcZA4w



Title: Re: Should I put my US Dollars into Gold?
Post by: 24KT on January 18, 2011, 08:58:47 AM
The failure of derivatives regulation of precious metals

The regulatory failure of precious metal contracts in US derivative markets will have important systemic consequences, and nowhere is the problem becoming more obvious today than in silver.  Several banks have been running a substantial short position for a considerable time. This position has been permitted to continue because of weak management by both Comex as the principal dealing exchange and by poor oversight from the US Commodity Futures Trading Commission as regulator.

Between them Comex and the CFTC have ignored two fundamental truths about the market. The first truth is that the continual rolling of short or long positions is fundamentally unhealthy, and is indicative of a growing risk of trader default over time.  The second is that no market participant in an open outcry system has any commitment to deal or provide liquidity, unlike a market where there are licensed market-makers who have to make two-way prices at all times. There is therefore no reason why such a long-running speculative position should be permitted even for the Commercials (the banks), and their long-term presence, for which there must be a reason, may be evidence of price manipulation.

The weakness in market control stems partly from the separation of overall market functions into management and regulation by two different bodies. The result, put simply, is there is no one in charge. If the Comex’s management had regulatory responsibility it would have been forced to stand up to the Commercials from the outset, because it would almost certainly see the continual rolling of excessively large positions as leading to potential difficulties in time. It would have a duty to investigate price manipulation, because there would be no third party regulator for a large trader to hide behind. Regulation is an integral component of this management function, and a properly constituted market authority is the most effective way to enforce the spirit of regulation as well as the letter.

However, the CFTC is the regulator and it has to satisfy not only its regulatory mandate, but the agendas of those that appoint its senior officers.  This politicisation of the role, while perhaps justifiable on grounds of a concept of public accountability, actually provides a channel for the financial establishment to achieve their own undeclared objectives.

It is this suspicion that has helped convince an increasing number of observers that the regulatory system is inherently biased.  Only now, after much prompting by GATA and others has the possibility of price-rigging begun to be grudgingly acknowledged. But the critics are up against powerful banks, which know how to tick boxes and so are rarely caught out on compliance and legal issues.  They understand the politics of regulation and are well positioned to lobby accordingly.  And they know how to play off the exchange against the regulator.

We have theorised over the inadequacies of the regulatory system and must now turn to the facts. The deficiencies of the system have led to the silver market becoming completely polarised.  There is a divorce between derivatives, where there is inadequate control over large long-running positions, and the physical market, where there is now virtually no metal for delivery.  It has become a dangerous reversal of functions that is now complete: paper silver is no longer priced on the back of physical metal; it is the physical that is notionally priced on the back of paper. The tail is wagging the dog to the point that the free supply of derivatives has led to the metal being driven from circulation. [1]

While the market for silver derivatives may interest only a minority, the same problem occurs for gold, which is a far more serious systemic issue.  The separation of functions between market and regulator has facilitated a similar price suppression scheme, totally negating the principal function of derivative markets, which is to provide liquidity by harnessing speculative demand for the benefit of prudent hedging activities.

This simply does not happen for precious metals.  The Commercials on Comex are mostly banks that also provide unallocated gold accounts, which they manage on a fractional reserve basis.  Their basic risk requirement is for a hedge to offset the effect of a rise in the gold price on these unallocated accounts, so they should be holding long, and not short gold contracts.  Unfortunately, the size of unallocated account business is too large to hedge on Comex anyway. Furthermore, the majority of the speculating public are and always will be net buyers when they have any interest at all, so both non-Commercial and Commercials are fundamentally buyers. For this reason the concept of an effective public derivatives market for precious metals is flawed from the outset, and must not be confused with those commodity derivatives where there is a healthy deal flow provided by product suppliers and industrial demand.

For any bank running unallocated bullion accounts on a fractional reserve basis, markets that allow the public to buy gold and silver only increase the price risk to its own position. The temptation to use these markets to manipulate prices downwards, or at least to try to stop them rising is therefore very great, and this is exactly what has happened. There is now an accumulated short position by the Commercials of about 700 tonnes of gold.  To this must be added the far larger short position on the bullion banks’ unallocated accounts, and the uncovered sight accounts run by the central banks in the major dealing centres.  No one knows for sure how much the total short position amounts to, but we can be certain that the Commercial shorts on Comex are by far the smallest component.

It is the inevitable unwinding of these massive short positions that will have adverse systemic consequences.  The unallocated accounts, probably the largest element of the problem, can be closed out for cash under the standard LBMA account terms, probably with a multi-government bail-out. The resolution of uncovered sight accounts at the central banks will be kept a close secret.  It is Comex which will probably bear the most visible manifestation of the crisis.

18 January 2011
 

[1] For statistical evidence of the relationship between contract volumes, the silver price and the unavailability of bullion, see a recent article by Adrian Douglas of Market Force Analysis at https://marketforceanalysis.com/article/latest_article_011511.html.


Title: Re: Should I put my US Dollars into Gold?
Post by: 24KT on January 19, 2011, 11:57:42 PM
Why We Should All Own GOLD

http://www.youtube.com/watch?v=inaM4IRWuI0


Title: Re: Should I put my US Dollars into Gold?
Post by: 24KT on January 21, 2011, 03:01:56 PM
(http://dam.alarabiya.net/images/89b1e0d8-5136-412a-a493-548984acfe6c/600/338/1?x=0&y=0)

Gold is the money of Kings and Queens; silver is the money of gentlemen;
Barter is the money of peasants; but debt is the money of slaves. ~ Norm Franz
So let us all be Kings and Queens, or Gentlemen...and Gentlewomen...


Title: Re: The Case for KB Gold
Post by: loco on January 26, 2011, 05:54:55 AM
(http://upload.wikimedia.org/wikipedia/commons/thumb/d/d5/Spam_with_cans.jpeg/220px-Spam_with_cans.jpeg)


Title: Re: Should I put my US Dollars into Gold?
Post by: 24KT on January 30, 2011, 12:05:35 PM
One of the latests tweet from geocapitalist Jim Rickards

(http://egyptfinetours.com/images/atm_woman.jpg)

‎"I guess middle-class #Eqyptians w/ 20 or so #gold coins stashed away feel slightly better than those lined up at soon-to-be shut-down ATM's." - Jim Rickards

So true Jim, ...so very true!


Title: Re: Should I put my US Dollars into Gold?
Post by: loco on January 31, 2011, 07:38:26 AM
One of the latests tweet from geocapitalist Jim Rickards

(http://egyptfinetours.com/images/atm_woman.jpg)

‎"I guess middle-class #Eqyptians w/ 20 or so #gold coins stashed away feel slightly better than those lined up at soon-to-be shut-down ATM's." - Jim Rickards

So true Jim, ...so very true!

Like Egyptians on the street will turn down cash.    ::)


Title: Re: Should I put my US Dollars into Gold?
Post by: 24KT on May 14, 2013, 02:24:44 AM
Like Egyptians on the street will turn down cash.    ::)

The point was Egyptians on the street didn't have access to cash because authorities shut down the ATMs


Title: Re: The Case for KB Gold aka Karatbars
Post by: 24KT on May 16, 2013, 05:21:34 AM
(http://fbcdn-sphotos-d-a.akamaihd.net/hphotos-ak-prn1/603792_508043685925166_1277418585_n.jpg)

Excerpts from GoldMoney's Ultimate Gold Buying Guide:

Gold bars can vary in size from tiny 1-gram ingots (sometimes called “wafers”) all the way up to the “London Good Delivery” 400oz bricks held in central bank vaults around the world. Though Good Delivery bars are described as weighing 400oz, they are permitted to vary in gold content weight between 350 oz and 430 oz —but they must have a purity of at least 99.5%.

Perhaps the biggest drawback of owning gold in the form of coins and bars is the lack of liquidity when compared with third-party storage on an internet platform. If you ever need to sell your gold in order to raise cash for whatever reason, it’s more time consuming to do this by selling to an actual high street dealer than it is if you have a web-based ownership platform.

In addition, there may come a time when online gold payments for goods and services become common place, in which case choosing to buy gold online could be the wiser choice.


(http://fbcdn-sphotos-f-a.akamaihd.net/hphotos-ak-prn1/532726_505503952845806_2143269402_n.jpg)


Title: Re: The Case for KB Gold aka Karatbars
Post by: 24KT on May 27, 2013, 11:48:28 PM
In other Global Currency Trends .... :D

Billionaires Dumping Stocks, Economist Knows Why
Monday, 27 May 2013 03:28 AM
By Newsmax


Despite the 6.5% stock market rally over the last three months, a handful of billionaires are quietly dumping their American stocks . . . and fast.

Warren Buffett, who has been a cheerleader for U.S. stocks for quite some time, is dumping shares at an alarming rate. He recently complained of “disappointing performance” in dyed-in-the-wool American companies like Johnson & Johnson, Procter & Gamble, and Kraft Foods.

In the latest filing for Buffett’s holding company Berkshire Hathaway, Buffett has been drastically reducing his exposure to stocks that depend on consumer purchasing habits. Berkshire sold roughly 19 million shares of Johnson & Johnson, and reduced his overall stake in “consumer product stocks” by 21%. Berkshire Hathaway also sold its entire stake in California-based computer parts supplier Intel.

With 70% of the U.S. economy dependent on consumer spending, Buffett’s apparent lack of faith in these companies’ future prospects is worrisome.

Unfortunately Buffett isn’t alone.

Fellow billionaire John Paulson, who made a fortune betting on the subprime mortgage meltdown, is clearing out of U.S. stocks too. During the second quarter of the year, Paulson’s hedge fund, Paulson & Co., dumped 14 million shares of JPMorgan Chase. The fund also dumped its entire position in discount retailer Family Dollar and consumer-goods maker Sara Lee.

Finally, billionaire George Soros recently sold nearly all of his bank stocks, including shares of JPMorgan Chase, Citigroup, and Goldman Sachs. Between the three banks, Soros sold more than a million shares.

So why are these billionaires dumping their shares of U.S. companies?

After all, the stock market is still in the midst of its historic rally. Real estate prices have finally leveled off, and for the first time in five years are actually rising in many locations. And the unemployment rate seems to have stabilized.

It’s very likely that these professional investors are aware of specific research that points toward a massive market correction, as much as 90%.

One such person publishing this research is Robert Wiedemer, an esteemed economist and author of the New York Times best-selling book Aftershock.

Editor’s Note: Wiedemer Gives Proof for His Dire Predictions in This Shocking Interview.

Before you dismiss the possibility of a 90% drop in the stock market as unrealistic, consider Wiedemer’s credentials.

In 2006, Wiedemer and a team of economists accurately predicted the collapse of the U.S. housing market, equity markets, and consumer spending that almost sank the United States. They published their research in the book America’s Bubble Economy.

The book quickly grabbed headlines for its accuracy in predicting what many thought would never happen, and quickly established Wiedemer as a trusted voice.

A columnist at Dow Jones said the book was “one of those rare finds that not only predicted the subprime credit meltdown well in advance, it offered Main Street investors a winning strategy that helped avoid the forty percent losses that followed . . .”

The chief investment strategist at Standard & Poor’s said that Wiedemer’s track record “demands our attention.”

And finally, the former CFO of Goldman Sachs said Wiedemer’s “prescience in (his) first book lends credence to the new warnings. This book deserves our attention.”

In the interview for his latest blockbuster Aftershock, Wiedemer says the 90% drop in the stock market is “a worst-case scenario,” and the host quickly challenged this claim.

Wiedemer calmly laid out a clear explanation of why a large drop of some sort is a virtual certainty.

It starts with the reckless strategy of the Federal Reserve to print a massive amount of money out of thin air in an attempt to stimulate the economy.

“These funds haven’t made it into the markets and the economy yet. But it is a mathematical certainty that once the dam breaks, and this money passes through the reserves and hits the markets, inflation will surge,” said Wiedemer.

“Once you hit 10% inflation, 10-year Treasury bonds lose about half their value. And by 20%, any value is all but gone. Interest rates will increase dramatically at this point, and that will cause real estate values to collapse. And the stock market will collapse as a consequence of these other problems.”

See the Proof: Get the Full Interview by Clicking Here Now.

And this is where Wiedemer explains why Buffett, Paulson, and Soros could be dumping U.S. stocks:

“Companies will be spending more money on borrowing costs than business expansion costs. That means lower profit margins, lower dividends, and less hiring. Plus, more layoffs.”

No investors, let alone billionaires, will want to own stocks with falling profit margins and shrinking dividends. So if that’s why Buffett, Paulson, and Soros are dumping stocks, they have decided to cash out early and leave Main Street investors holding the bag.

But Main Street investors don’t have to see their investment and retirement accounts decimated for the second time in five years.

Wiedemer’s video interview also contains a comprehensive blueprint for economic survival that’s really commanding global attention.

Now viewed over 40 million times, it was initially screened for a relatively small, private audience. But the overwhelming amount of feedback from viewers who felt the interview should be widely publicized came with consequences, as various online networks repeatedly shut it down and affiliates refused to house the content.

“People were sitting up and taking notice, and they begged us to make the interview public so they could easily share it,” said Newsmax Financial Publisher Aaron DeHoog.

“Our real concern,” DeHoog added, “is the effect even if only half of Wiedemer’s predictions come true.

“That’s a scary thought for sure. But we want the average American to be prepared, and that is why we will continue to push this video to as many outlets as we can. We want the word to spread.”