keiser interviews andrew maguire (Must listen here)

[Large Sarge]

http://rt.com/shows/keiser-report/episode-477-max-keiser-741/

starts second half of the show, this is a powerful interview, on how gold backwardation is indeed deepening/getting worse...

[mamboni]

Sarge,

Powerful interview with McGuire. Apparently, the BOE dumped 1300 tons of gold onto the market to enable the big gold price smash. The western central banks are in retreat and running out of ammo.

[Shami-Amourae]

YouTube version:

http://www.youtube.com/watch?v=j615aokEA_Y

Last weeks episode with similar discussion but with Alasdair Macleod:

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

[Shami-Amourae]

Personally I don't know what to make of this stuff anymore. Part of me wants to believe them since we may all get wealthy someday since of it, but these guys keep getting it wrong that I'm losing faith in this stuff.

[gunDriller]

88 MB download.

[Large Sarge]

Personally I don't know what to make of this stuff anymore. Part of me wants to believe them since we may all get wealthy someday since of it, but these guys keep getting it wrong that I'm losing faith in this stuff.

you need to look at big picture stuff....

1.. 1300 tonnes of gold siappears in a few months from BOE (Ft Knox, which we a ll know is empty, only reportedly hold 8000 tonnes, so 1300 tonnes is HUGE!)

2. India has outlawed gold coins, and now gold imports (trying to cool off demand)

3. Germany is expected to wait 7 years to get its gold, which is less than the 1300 tonnes that disappeared in England

4. Multiple banks have openly defaulted on allocated gold accounts

5. Bernankes candid comment "I really do not understand gold at all"

etc

[Serpo]

Bank of England Helped Sell Looted Nazi Gold

http://www.gata.org/node/12860

[osoab]

Personally I don't know what to make of this stuff anymore. Part of me wants to believe them since we may all get wealthy someday since of it, but these guys keep getting it wrong that I'm losing faith in this stuff.

I give more weight to McGuire than just about anyone else.

However, read some Kid Dynamite for some brevity.

Precious Metals Charlatans – Freaks of the Industry (http://kiddynamitesworld.com/precious-metals-charlatans-freaks-of-the-industry/)

[Serpo]

If these banks are going under bullion will stay down as they will have to pay out in CASH when there is a default.........ie the price gold was that day.............next minute it jumps higher

[Large Sarge]

this article does a great job,

http://kingworldnews.com/kingworldnews/KWN_DailyWeb/Entries/2013/7/30_Gold_Market_To_See_Largest_Short_Squeeze_In_Mod ern_History.html



It is now apparent that part of the feed stock (1,300 tons) for the takedown in the price of gold came from the Bank of England, as reported by Alasdair Macleod. The problem with that is the Bank of England only owns about 300 tons. So this is not their gold that is being sold. Instead, this is gold being sold by the Bank of England which is owned by nations that have entrusted the Bank of England to store their gold.



Well, guess what? If those countries go to the Bank of England and ask for their gold back what they will get is the same type of answer that the Germans got when they asked the Federal Reserve to send Germany’s gold back to them, which is essentially, ‘You can’t have it, but we will give you a very tiny portion of the gold you are supposed to have stored with us, and it will take 7 years for you to get it.’ We don’t know whose gold was sold, but we do know that it didn’t belong to the Bank of England because as I said they don’t own that much gold.



This just confirms everything that you and I and people like Andrew Maguire have been discussing on your program which is the fact that this has all been an orchestrated raid by the central banks, who have been acting in a coordinated manner. This is a documented fact, not speculation.

[Horn]

If these banks are going under bullion will stay down as they will have to pay out in CASH when there is a default.........ie the price gold was that day.............next minute it jumps higher

One might conclude that the goal is to make the precious metals priceless, or without a price, which would drastically reduce its market.

[gunDriller]

Personally I don't know what to make of this stuff anymore. Part of me wants to believe them since we may all get wealthy someday since of it, but these guys keep getting it wrong that I'm losing faith in this stuff.

the Banksters totally pwn/own the paper part of it.

they can print as much paper $ as they need AND they are functionally immune from prosecution.


on the other hand/ side, there is reality - the reality of the physical markets.

it is not a Get-Rich-Quick scheme. also i doubt that the Banksters and the governments they control (USA, England, Israel) will allow PM owners to benefit too much from the inevitable effects of printing astronomical of paper $.


on the other hand - for example, Jim Puplava @ Financial Sense talks about taxes on PM sales. the tax rate being 28%.

they could easily add a windfall profits tax, and crack down on transactions by adding more paperwork requirements.

BUT, people do have a tendency to gravitate to dealers who have the least paperwork requirements.


that is a good reason to sell 100 ounce bars before Silver gets to $100 an ounce.