GOLD

[halight]

http://kingworldnews.com/kingworldnews/KWN_DailyWeb/Entries/2012/4/9_Embry_-_The_Powers_That_Be_Would_Love_to_See_Gold_Collapse.html

 

With gold near the $1,650 level and silver close to $32, today King World News interviewed John Embry, Chief Investment Strategist of the $10 billion strong Sprott Asset Management. Embry told KWN there will be a massive selloff in the stock market, but, over time, quality stocks will represent stores of value because of the Weimar effect. He also discussed gold, silver and the mining shares. But first, here is what Embry had to say about stocks selling off and the bigger picture as he sees it: “I have a very strong view on this. Ultimately, as we go through QE to infinity and inflation really starts to accelerate, stocks will wind up being a repository of savings, just as they were in the Weimar Republic.”

 

 

Read more at link

[halight]

This is on the bbc today.

 

Why invest in gold?

 

http://news.bbc.co.uk/today/hi/today/newsid_9712000/9712315.stm

 

An ounce of gold is currently worth around $1650, still some way below last year's peak when it approached $2000 dollars. But with Eurozone fears resurfacing, will the precious metal once more prove to be an attractive safe haven?

Peter Hambro, chairman of the Petropavlovsk, the UK-listed Russian gold mining company told Today programme business presenter Simon Jack about his career in mining and why people turn to gold in times of trouble.

[Timm]

This is on the bbc today.

 

Why invest in gold?

 

http://news.bbc.co.uk/today/hi/today/newsid_9712000/9712315.stm

 

An ounce of gold is currently worth around $1650, still some way below last year's peak when it approached $2000 dollars. But with Eurozone fears resurfacing, will the precious metal once more prove to be an attractive safe haven?

Peter Hambro, chairman of the Petropavlovsk, the UK-listed Russian gold mining company told Today programme business presenter Simon Jack about his career in mining and why people turn to gold in times of trouble.

It's not about PMs at the moment.

 

It's all about pulling credit money into areas where it can be (partially) disposed of.

[drbubb]

Eveillard - Mass of Government Debt Underpinning Gold Market

Jean-Marie Eveillard continues:

 

“The Bloomberg journalist said, ‘Hey, over the past few months the price of gold has come down.’ Marc very politely said, ‘Look, that’s what I’ve been trying to explain to you, the fact that gold has been in a correction. But that’s nothing in particular to worry about.’

Watch Gold and Stocks for a warning that mass arrests, and a big change in power and currencies are headed our way.

There is NO GUARANTEE they will go up. They may both plummet, or go in different directions.

 

You may discover that the Jim Sinclairs (etc) are not really the "good guys" that you think they are...

(Or I may be wrong, and apologise here. Lots can happen.)

[halight]

It's not about PMs at the moment.

 

It's all about pulling credit money into areas where it can be (partially) disposed of.

 

 

I have not had the chance to hear it. I was looking after the kids yesterday when I found it. They were make far to much noise for me to listen too it.

 

Sorry if it was not what anyone was expecting it would be.

[halight]

Richard Russell - Crime, Chaos, Collapse & Skyrocketing Gold

 

http://kingworldnews.com/kingworldnews/KWN_DailyWeb/Entries/2012/4/12_Richard_Russell_-_Crime%2C_Chaos%2C_Collapse_%26_Skyrocketing_Gold.html

 

With continued turmoil in global markets, the Godfather of newsletter writers, Richard Russell, issued some ominous warnings and gave some strong advice to investors in his latest commentary: “Save some cash, load up with gold and silver, and be patient. Get ready for a crime wave -- a large segment of the population will do ‘whatever it has to’ in order to obtain food. Hungry men and women can be desperate and lawless.”

 

 

Worrying

[Errol]

Richard Russell - Crime, Chaos, Collapse & Skyrocketing Gold

 

http://kingworldnews.com/kingworldnews/KWN_DailyWeb/Entries/2012/4/12_Richard_Russell_-_Crime%2C_Chaos%2C_Collapse_%26_Skyrocketing_Gold.html

 

With continued turmoil in global markets, the Godfather of newsletter writers, Richard Russell, issued some ominous warnings and gave some strong advice to investors in his latest commentary: “Save some cash, load up with gold and silver, and be patient. Get ready for a crime wave -- a large segment of the population will do ‘whatever it has to’ in order to obtain food. Hungry men and women can be desperate and lawless.”

 

 

Worrying

 

Pretty much in the Jim Sinclair line of thought. Both are correct.

[halight]

Pretty much in the Jim Sinclair line of thought. Both are correct.

 

 

 

Not only them mate, There are many saying things along the same line. Also people talking of a Reset.

[halight]

Gold reaches a moment of truth – which way now?

 

 

 

http://www.moneyweek.com/online-trading/spread-betting/sb-blog/gold-reaches-a-moment-of-truth-58413

[callmejoe]

http://news.goldseek.com/GoldenJackass/1334260800.php

 

... Back at the gold desk, another cartel member kill is in progress. A string of UBS-type gold arena deaths is the biggest untold story of the new decade. The UBS rogue trader story was a total fabrication, written and staged to conceal the removal of all UBS gold from their reserves inventory. They are a dead gold player. The gold community, even LeMetropole Cafe and GATA, appears to be missing the coalition kills taken place in sequence with each paper gold ambush. If the cartel wishes to drive down the paper gold price, then they must deal with the consequences of having one more cartel member bank offered on the physical altar in a death sacrifice. They are vulnerable from sovereign bond positions and weak currency positions. In the margin call vise, they must forfeit their gold, but in a long slow process as truly enormous physical gold orders are being filled over a pyramid of prices lower than the cartel bank wishes. Details are scanty, but the trail can be followed to some extent by false stories to cover the damaging tracks. The press did a wretched job in checking the facts on the UBS rogue story. The loss was over $6 billion. The trades were all approved at VP level. The trap was laid and UBS entered with both feet, the consequence for which was being expelled from the gold arena, probably forever, in a total loss of its gold bullion. No wonder the press did not report the actual story. It would have been a monster bull story for gold. If Barclays or Royal Bank of Scotland or Bank of America were having their golden blood removed on a table, with straps in place for directors of their gold desks, and hot pokers applied by coalition forces to extract their gold, the outcome dictated by incredibly insolvency and margin call vulnerability, the effect on the gold market would be magnificent. Such events are in progress in my opinion, based on some juicy information feeds. Rather than divulge the entire details of the cartel kill, the coalition prefers to move to the next victim in the Wall Street & London cesspool of finance.

[halight]

From the daily mail

 

 

Savers rush for gold as eurozone debt fears drive up price

 

Read more: http://www.dailymail.co.uk/money/saving/article-2129714/Savers-rush-gold-eurozone-debt-fears-drive-price.html#ixzz1s5XkOgzH

[halight]

Goldbugs beware: Two flawed reasons for investing in Gold

 

 

British economist John Maynard Keynes referred to gold as the “Barbarous relic”; billionaire hedge fund manager George Soros described it as the “Ultimate Bubble”, and even the Sage of Omaha Warren Buffett believes it has no place in an investment portfolio. Despite a whole host of other prominent gold sceptics, such as the Financial Times, The Economist and CNN’s Fareed Zakaria; gold still remains an incredibly popular asset class. No other investment topic triggers such impassioned and fierce debates as gold. Gold bugs eternal enthusiasm for this shiny yellow metal has always puzzled me. Their justifications for holding gold simply do not stand up to scrutiny.

 

http://www.stockopedia.co.uk/content/goldbugs-beware-two-flawed-reasons-for-investing-in-gold-65226/

 

Read more at link

[halight]

US scores own goal on gold

 

http://www.stockopedia.co.uk/content/us-scores-own-goal-on-gold-65174/

 

 

We noticed a few weeks ago Iran was shut out of SWIFT, the global payments system. We may assume this happened after America had put pressure on this private Belgian company. SWIFT, The Society for Worldwide Interbank Financial Telecommunication, is the keystone of the international payments system. SWIFT said it took the action in response to EU regulations issued against Iran. This has all been part of the ratchetting up of pressure on Iran. Obama is in an election year and he faces many pressures to be decisive and proactive.

 

In economic terms this is a bold act. SWIFT has very much been used as the West’s weapon that they have decided to use in an apparent act of economic war.

[halight]

US scores own goal on gold

 

http://www.stockopedia.co.uk/content/us-scores-own-goal-on-gold-65174/

 

 

We noticed a few weeks ago Iran was shut out of SWIFT, the global payments system. We may assume this happened after America had put pressure on this private Belgian company. SWIFT, The Society for Worldwide Interbank Financial Telecommunication, is the keystone of the international payments system. SWIFT said it took the action in response to EU regulations issued against Iran. This has all been part of the ratchetting up of pressure on Iran. Obama is in an election year and he faces many pressures to be decisive and proactive.

 

In economic terms this is a bold act. SWIFT has very much been used as the West’s weapon that they have decided to use in an apparent act of economic war.

[halight]

US scores own goal on gold

 

http://www.stockopedia.co.uk/content/us-scores-own-goal-on-gold-65174/

 

 

We noticed a few weeks ago Iran was shut out of SWIFT, the global payments system. We may assume this happened after America had put pressure on this private Belgian company. SWIFT, The Society for Worldwide Interbank Financial Telecommunication, is the keystone of the international payments system. SWIFT said it took the action in response to EU regulations issued against Iran. This has all been part of the ratchetting up of pressure on Iran. Obama is in an election year and he faces many pressures to be decisive and proactive.

 

In economic terms this is a bold act. SWIFT has very much been used as the West’s weapon that they have decided to use in an apparent act of economic war.

[drbubb]

From the Trillion Dollar lawsuit thread:

HOW MUCH GOLD was that again ??

 

■[NEIL KEENAN] We have most recently watched Rothschild and Dupont fly to Indonesia to try and illegally move the assets — to no avail… Now David Cameron, the Prime Minister of England, has his eyes set on the Gold. (http://www.marketwatch.com/story/british-pm-visits-indonesia-as-earthquake-hits-2012-04-11)

■[KEENAN] It seems to me that the English are making a push to steal whatever they have not stolen during the past 300 years.

■[KEENAN] We intend to establish a trust that will allow these funds to be utilized for the healing and transformation of this planet. The releasing of formerly-classified technologies is a very key element of this plan.

■[KEENAN] As Mr. Rothschild and Mr. Dupont did, Cameron also left empty-handed… Furthering this note, a powerful Singaporean/Malaysian businessman made his attempt at stealing the accounts within the past week.

■[bEN FULFORD] There is a genuine Dragon family that is based on Asian royal bloodlines. They have been setting up a benevolent new financial system.

■[FULFORD] [but] the Feds, Bernanke, Geithner and their Bush, Rockefeller, Rothschild bosses last week approached Japan Ministry of Finance boss Eijiro Katsu and BOJ Governor Masaaki Shirakawa, and pretended they were the Dragon family.

■…the first public posting of the new Cease and Desist Order on behalf of Neil Keenan, signatory for the “real” Dragon Family and its assets.

■As of this posting, liens have now been placed against all twelve Federal Reserve banks. We already know they do not have the assets to meet these obligations.

■[from Cease and Desist Order] “It has been brought to our attention by Swiss Authorities that Chairman Kaspar Villager of UBS has made attempts to circumvent the lawfully appointed managers and Settlors of the Soekarno Trust — namely Neil F. Keenan and Keith F. Scott…

WHEREBY; we, the undersigned, are ordering Alex Ling Lee Soon, Jack Singh, Mr. Chee, Kaspar Villager, and the United Bank of Switzerland to stand down — and to CEASE AND DESIST on this, the 11th day of April, 2012, or face litigation.

Be aware that on the week of the 13th of April, you will be exposed internationally for your wrongdoings.

SIGNED by the Settlors of the Soekarno Trust – otherwise publicly known as the International Collateral Combined Accounts… Neil F. Keenan, April 11, 2012, Keith F. Scott, April 11, 2012

■[DW] FILING LIENS AGAINST THE TWELVE FEDERAL RESERVE BANKS… the grand finale…

■Neil [Keenan] and I [DW] had an extensive conference call with Drake and his associates… as of this past weekend… Drake was told that a certain sequence of events needed to occur before the mass arrests could happen. The filing of this lien is one of those events.

■[from Affidavit of Obligation to the 12 Federal Reserve Banks] “The ledger for this True Bill is based on the rate of 4% per annum of the principal amount of leased gold, which was 2,420,937,400 kilograms of pure gold. The total amount since 1961 to present is as follows:

2,420,937,400 [x] .04 [=] 96,837,496 per annum

96,837,496 [x] .51 years [=] 4,638,791,996 kilograms of pure gold

Demand is now made for Lien Debtors, jointly and severally, to deliver over to Lien Claimants 4,638,791,996 kilograms of pure gold.”

======

/source: http://kauilapele.wordpress.com/2012/04/13/highlights-from-the-david-wilcock-article-major-event-liens-filed-against-all-12-federal-reserve-banks/

 

Note:

4.6 Billion KG of Gold,

is way more than the 5 Billion OUNCES of Gold that officially exist

 

and the Value =

$(4,638,791,996 kg) x (2.2 lb/kg) x (16 oz/lb) x ($1660/oz) = $271,053,893,910,272; that's $271 trillion

 

LOOK, to be honest : These numbers make NO SENSE at all !!

 

1/ The amounts mentioned are WAY MORE than the amount of gold known to exist.

Where would all this extra gold come from?

...and:

 

2/ That 4% per annum lease rates also makes ZERO sense.

I know a little about Gold lease rates, and for many, many years, Gold lease rates have been somewhere between maybe 0.25% per annum and maybe 1%.

Where does the 4% come from? Rates are much lower than 4%, because the holder of a gold-libked obligation has built-in protection against inflation, and so does not need such a very high lease rate.

 

How can anyone anywhere put leased Gold to work to generate anything near 4%??

 

Such a very high lease rate is a virtual admission by both borrower and lender of the Gold that there is a very high risk that the Gold lender will not get their gold back - So in effect: the lender of the gold was allowing his gold to be stolen. How could it ever, ever be repaid at those ginormous lease rates ??

 

Joseph Farrell is also talking about the possibility of Gold price manipulation,

and how "secret gold" might flood back into the market and depress the price:

 

[jerpy]

Goldbugs beware: Two flawed reasons for investing in Gold

 

 

British economist John Maynard Keynes referred to gold as the “Barbarous relic”; billionaire hedge fund manager George Soros described it as the “Ultimate Bubble”, and even the Sage of Omaha Warren Buffett believes it has no place in an investment portfolio. Despite a whole host of other prominent gold sceptics, such as the Financial Times, The Economist and CNN’s Fareed Zakaria; gold still remains an incredibly popular asset class. No other investment topic triggers such impassioned and fierce debates as gold. Gold bugs eternal enthusiasm for this shiny yellow metal has always puzzled me. Their justifications for holding gold simply do not stand up to scrutiny.

 

http://www.stockopedia.co.uk/content/goldbugs-beware-two-flawed-reasons-for-investing-in-gold-65226/

 

Read more at link

 

Seems like a concerted commodity shake out by the hedgies.

 

US data showed that hedge funds reduced their positions by around $9bn (£7.4bn) to £90.7bn in the week ended April 10, which was the biggest fall in four months.

 

Net long positions in all precious metals fell in the week ending April 10, and in the case of gold by 8pc.

 

http://www.telegraph.co.uk/finance/commodities/9207590/Hedge-funds-sell-commodities-amid-China-growth-fears.html

[drbubb]

From the daily mail

Savers rush for gold as eurozone debt fears drive up price

Read more: http://www.dailymail.co.uk/money/saving/article-2129714/Savers-rush-gold-eurozone-debt-fears-drive-price.html#ixzz1s5XkOgzH

I don't see much "driving up of prices" - even when I look at Gold in Euros.

 

Meantime, the WSJ is talking about people abandoning gold:

 

Some Bullion Bulls Pulling Back

Interest in Gold is easing amid signs the US economy is stabilizing; Metal down 7% from year's peak

 

"Gold's star is shining a little less brightly... fans are wondering whether the metal is due for a pause."

(At $1650, is xx% the $1920 high - I would say there's been a major "pause" already.)

 

"...Belief that governments will launch new rounds of stimulus... that belief has been shaken with signs the US economy is stabilizing."

"...Hedge Funds increased by 87% their bets that prices will fall."

"A sustained pause in gold could have far-reaching consequences for investors... a new phase of the halting recovery."

"Any good news economically, is bad news for Gold."

 

I expect that the negative sentiment on Gold may be telling us a bottom is not far away.

 

There's another article about Copper in the WSJ:

 

For Copper Miners, the Tide is turning

 

"Hudbay Minerals said copper supply is likely to outpace demand by late 2013... but that might last a little more than a year,

given the tendency for supply disruptions."

"A price drop when supply exceeds demand looks likely, but may come even sooner. China is slowing already."

 

=== ===

 

I do WONDER a bit, what the old traditional "gold purists" who used to overwhelm GEI with pro-Gold posts are thinking now?

If they are shy and feeling like they are "licking their wounds", then very possibily the low has arrived.

 

Our remaining posters seem to be safe, confident, and waiting for opportunities, while grabbing them carefully, using some options to keep exposures down.

 

Our remaining regulars were mostly warning people to "be careful" when Gold was at/near $1900, and they are seeing opportunity now, not a reason to panic.

[BlackPepper]

I do WONDER a bit, what the old traditional "gold purists" who used to overwhelm GEI with pro-Gold posts are thinking now?[/b]

If they are shy and feeling like they are "licking their wounds", then very possibily the low has arrived.

 

Okay I will bite.... the "gold purists" are elsewhere gathered forecasting the coming hyper-inflation, rockets - gold $24,000US per/oz and the coming collapse of paper currency system. I think gold has reached a plateau with nowhere to really go. I also think investors are seeking income generating assets, and gold is not one of them.

[drbubb]

...I also think investors are seeking income generating assets, and gold is not one of them.

Indeed.

It is a disadvantage that people like Warren Buffet have repeatedly pointed out.

 

Today's SCMP talks about ...

 

Cycle of price gains coming to an end

 

"The 'super cycle' of gains across commodity prices may be coming to an end as a production of raw material rises in response to higher prices and as the mainland's dominance in demand receeds, according to Citicorp."

 

The story was first written by Bloomberg in London

[electroweak]

Okay I will bite.... the "gold purists" are elsewhere gathered forecasting the coming hyper-inflation, rockets - gold $24,000US per/oz and the coming collapse of paper currency system.

+1 I laughed when I heard 'licking wounds'.

 

More like stacking, I should imagine.

[drbubb]

+1 I laughed when I heard 'licking wounds'.

More like stacking, I should imagine.

Stacking?

They would be if they had sold some at $1920

and could now buyback at $1650 = that's 16.4% more coins to stack.

A useful addition to one's "stash."

 

Else: How can you take advantage of today's "opportunity" ?

 

Now, there may be a NEW possible change coming into focus:

The possibility that Dollars will be replaced with a NEW CURRENCY

 

 

You can read about /& discuss it here:

http://www.greenenergyinvestors.com/index.php?showtopic=16303

[drbubb]

 

QUOTE===Aug 9 2010 / absolutezero

As a % of your total worth, how much should be gold

UNQUOTE=====

 

Depends

... but really, are you covered for housing?

Do you have a pension scheme? Debts? Are all your assets in one currency?

For me, against my current situation I have about 30% of TOTAL assets in gold/silver. I own my house and have a final salary pension tied up in (no doubt) exclusively stocks and bonds. Gold seems like the logical hedge for me: if the other things go wrong, gold should be the last man standing. May not necessarily be the same for you. I also like to look at it in the way GF used to: my future earnings need to be hedged too (I am mid-30s), so hopefully a bit to go yet.

 

That's not a Crazy percentage - 30%.

But I have to wonder how many had the presence of mind, to shift some out, if price moves pushed Gold

up to 35% or 40% of one's wealth ?

[electroweak]

Stacking?

They would be if they had sold some at $1920

and could now buyback at $1650 = that's 16.4% more coins to stack.

A useful addition to one's "stash."

 

Else: How can you take advantage of today's "opportunity" ?

 

With savings derived from real work.

 

That's not a Crazy percentage - 30%.

But I have to wonder how many had the presence of mind, to shift some out, if price moves pushed Gold

up to 35% or 40% of one's wealth ?

 

I switched silver to gold at $49+.

A lucky move, with hindsight. I have bought 3x the amount of gold with the money I sunk into silver than if I'd just bought the gold to start with. Sure, now I have to find another asset which may outperform gold (possibly miners), but for now I am content to stack as NOTHING seems cheap.

[drbubb]

With savings derived from real work.

 

I switched silver to gold at $49+.

A lucky move, with hindsight. I have bought 3x the amount of gold with the money I sunk into silver than if I'd just bought the gold to start with. Sure, now I have to find another asset which may outperform gold (possibly miners), but for now I am content to stack as NOTHING seems cheap.

Sure.

If you are lucky enough to have a job, and money to save at the end of the month.

But for how long will that last, if the economy falls apart ?

And what good will a few gold coins do you if the US and UK have been taken over by a Global elite?

 

Here's a scary (and recent) interview with Alex Jones:

 

Alex Jones tells it like it is here - On Coast to Coast

 

http://www.youtube.com/watch?v=vXAg8HQyawU

 

(15 mins. in):

"We think we will fight Hitler. That was the last battle. This is different."

"They are in a hurry to do it, because they know they are running out of time."

 

"It is us versus them." (The 99% vs The 1%)

"We need to triage the Debt...

We need to pay some debts, and not others."

"The banks and billionaires need to take their losses,

or they will force it on the people through the tax system."

"Now they are trying to 'normalise' tyranny."

 

"This is bigger than any president. This is a global elite,

trying to globalise tyranny... They are flaunting it in our face."

 

"Sec. of Defense Panneta has now admitted the UN decides...

On when and how the US goes to war."