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Thats a pity because this is a interesting piece from LW as he isnt waffling so much.Quote:
Originally Posted by Neuro
So he mentions insiders selling their own stock thru sept,oct to jan of this year,massive amounts apparently.Then in dec/jan the US mint sold record breaking amounts of silver.
He is saying the elite insiders are the ones buying
Ok so the mint was selling some $200 million worth of silver in January, from the mint. Certainly that is a lot of silver, but I personally know a few of the elites here in Istanbul who could buy that amount on their own. I am pretty sure if there really was an elite insider plot to buy physical silver, we would see NONE available at APMEX and the other retailers. But they appear to be pretty well stocked last I checked anyway. No doubt the time will come, but it isn't now. Thanks for giving the essence of that slow loading video though!
[size=10pt][size=10pt]Jim Rogers : Don't sell your silver CNBC 31 March 2011 [/size][/size]
http://www.youtube.com/watch?feature...&v=jraKFphvZcE
I think it was a lot to what they normally sellQuote:
Originally Posted by Neuro
It was only slow to load as it new it was LW.....LOL
http://news.silverseek.com/SilverSeek/1301924290.php
And so far during this precious metals bull market, silver has not made a major top independent of gold. So the state of the gold market and how it is not showing signs of a major top could be a flaw in the theory that silver is about to make a major top.
mAJOR DOC ON SILVER
https://doc-00-00-docsviewer.googleu...bgj3q10vjn2fke
More money being spent on silver than gold at the moment
Every day one third of yearly out put of silver is traded everyday on comex
http://www.kingworldnews.com/kingwor...ic_Sprott.html
also.......
http://www.youtube.com/watch?v=KdlXot0ZEgo
http://www.youtube.com/watch?v=QfmMa...feature=relmfu
.
Silver punched through $40 overnight in Asian trade and held its gains going into London and into New York. That is quite remarkable given the fact that runs toward round numbers can engender profit taking as price targets are reached. If it holds its gains above $40, it could begin accelerating towards $50 relatively quickly. I will want to see how it fares as it nears the close of pit session trading.
http://traderdannorcini.blogspot.com/
chart......
http://4.bp.blogspot.com/-hh6H-1b5v7...apshot-618.png
Silver ready to pass $50-an-ounce this week to set new all-time high
By: Peter Cooper
http://news.silverseek.com/SilverSeek/1303133251.php
-- Posted 18 April, 2011 | Share this article | Discuss This Article - Comments: 2 Source: SilverSeek.com
Silver looks set for a sprint past its all-time high of $50 established 31 years ago this week. But with Goldman Sachs now advising its clients to get out of commodities and Glencore, the world’s largest commodities trader launching its $11 billion IPO most probably on Thursday, the end of this surge could come quickly.
Latecomers to the silver party would then face the prospect of selling at a lower level or waiting for the next upswing in this extremely volatile commodity. Market gyrations to date have favored a buy-and-hold approach over market timing, which particularly for silver is very difficult, if not impossible to get right.
Traders say there is presently greatly increased buying pressure but that is being met by a large amount of selling. If this was really the top of a bull market there would not be these sellers left in the market.
Global correction
What are the prospects for the precious metals in the next global financial markets’ sell-off? It is impossible to say for sure. But we do know that there is plenty of cash sat on the sidelines waiting for a correction to buy these metals.
Any dip is therefore likely to be seized upon as a buying opportunity. That should make the dips shallower than in the 2008 sell-off. It is even possible that cash flows so quickly back into precious metals that they advance to new highs while pretty much everything else in the investment universe is down on the floor.
This after all is the protection afforded by precious metals and why people buy a money that cannot be printed or inflated away by central bankers and politicians.
And the biggest dilemma for investors in any financial market correction today is that when they sell they will end up largely with a very unwanted currency, the US dollar. Will they not thus decide to bail out of it as quickly as possible?
Real money
And into what? Well, what about the only sound money left on the planet? Gold and silver. Now the stock of silver is so small relative to gold that the impact on prices will be greatest for the shiniest of all metals.
So this week should be a landmark for silver investors but those cashing out immediately might find that their short term profits very soon look rather small compared with the upside still to come.
ArabianMoney has forecast a target of $320-an-ounce for silver (click here). $50 silver is just another step on this road. Silver is still very cheap. The total market capitalization of commodity trading giant Glencore will be around twice as much as all the silver stored in the entire world!
$50 silver - The Price Point of Liberty
By: Jack Mullen
http://news.silverseek.com/SilverSeek/1303153473.php
-- Posted 18 April, 2011 | Share this article | Source: SilverSeek.com
$50 dollar silver is the first sign of blue sky after a devastating storm. It's the morning after sunshine bringing people out of hiding and together again for the process of rebuilding with the promise of a new start.
For more than 100 years the United States has been at the center of a war being waged around the clock by a cult-of-evil clawing and biting like a rabid dog at the heart of civilization. It has been an epic struggle of an outnumbered, outgunned regiment of courageous defenders of human individuality, dignity, and liberty against a tyranny intent on the enslavement of all humanity. It has been a bloody war, a costly war and even now the battles continue, but the tide is turning, finally, toward the side of good.
This war has been in stealth with the cult-of-evil creating a fictional world being pulled over and smothering the head of humanity. For years this war has involved the creation of a pretended reality that presents lies for all standards of measure of a free society. Recently, like all bubbles, the bubble of pretension has begun to grow exponentially - hiding reality behind a manufactured reality, including a manufactured history of the world - a process that is not sustainable and will soon face the limits of nature ( the real reality) . This fictional reality has reached the proportions of a bubble , not unlike the tulip bubble of 1637 - I would now call this bubble a bubble-of-pretension. The problem with bubbles is they burst and hiding reality is nature's most costly mistake.
Reality is something the criminal class trying to hi-jack the world must, at all costs, hide from the sleeping, drugged, conned and dumbed down public. For the most part hiding reality, especially in the early stages of a bubble-of-pretension has so far been successful but the price is becoming higher. In American alone pacifying the public is a 24-7-365 operation requiring enormous sums of economic energy and decades of dedication to bring about the quickening now underway.
But, I think we have reached a bifurcation point , when the matrix of pretension , consuming enormous and ever growing quantities of energy to maintain escalating lies-of-normalcy, starts to falter. Cracks appear and the engine of deception coughs and gasps for more, more, more -- but energy too is a thing of nature and sooner or later the prevaricators use up all the available energy and the false matrix of reality begins to collapse. It's the moment when Caligula realizes men with swords cannot defeat the sea, or when a parliament of thieves cannot another ounce of gold steal. That point is here today, and I think the signs are clear: gold is approaching $1500 and more importantly Silver is about to smash through the most protected price in the history - $50.
I think it bears repeating, $50 silver is the most protected price in recorded history, it is a price that's cost trillions and trillions and millions of lives and untold millions in misery to defend. $50 silver has been defended with all the energy and manpower the cult of evil can muster. The war is not over and the price is still out of reach, but momentum is on the side of humanity. After $50 there's no more resistance - Silver will break free and rise quickly to crush the banking system, the energy and life blood of the enemy. Beyond $50 silver, the dollar and the banking system will collapse quickly. George Soros and the BRIC nations are already aware - the dollar hegemony is cracking and $50 silver is the wedge in the heart of the beast.
For those of us that understand how much wasted and destroyed wealth has been employed to keep the price of silver from rising with inflation while the purchasing power of the fiat currency in which it is priced is destroyed, $50 silver is monumental. This is the day the bubble in pretension bursts - $50 silver, the top is in, not for silver, but for the century of lies and deception and destruction of wealth that will be the legacy of the private banking cartel and their Federal Reserve.
$50 dollar silver is easily $160 dollars short of its inflation adjusted value since the mid nineteen seventies when silver last rose up against the tyrants. The difference between $210 (an estimate of silver's inflation adjusted price) and $50 seems very little, but that $160 has cost the loss of the worlds reserve currency, the fleecing of two+ generations of Americans and peoples worldwide. Hiding the worthlessness of fiat money though metals price suppression has in a way been responsible for WWI, WWII, the massive loss of lives in Russian and China and Germany to psychopathic dictators. That $160 was responsible for the Vietnam war, the death of Kennedy, the Iraq I and Iraq II wars, the war-on-drugs and the Afghan and now Libyan wars. We could go on and say that $160 has cost the lives of all those Americans in the World Trade Centers during 9-11 and the incredible loss of lives to our criminal monopoly controlled health and food industries. We might even get verbose and mention the deaths caused by fluoride poison in the drinking water and the weight gain and cancers caused by our 'diet' supplements such as Aspartame.
While silver sits below $50 the world has suffered trillions and trillions of wealth stolen for false flag wars and then more wealth destroyed in those wars. Trillions of dollars that could have been used pry off the yoke of the psychopaths creating monopolies in every industry facilitating human life. Monopolies selling lies: the pharmaceutical industry selling lies of health, the medical services industry selling lies of treatment, the food industry selling lies of nutrition, the military-industrial industries selling lies of safety and protection, the prison-police industries selling lies of safety and peacefulness and more. Monopolies of law and justice selling lies of righteousness, monopolies of transportation and banking and energy and education; lies sold by monopolist in the pursuit of total domination and the suppression of reality.
But the price of lies and the price of monopoly is the inevitable depletion of all the available resources, be it manpower, money, or the human spirit supporting a willingness to be deceived - eventually they are all depleted. As the peak of pretension is reached and the bubble-of-pretension begins to burst we must make plans take charge of the collapse and work to be sure the evil puffed up in the bubble is evacuated to oblivion as the bubble explodes.
We don't need most of the humans that have been deceived to wake up and join the cause. We only need those of us that are awake to be ready to step in and organize the collapse.
It is in the United States where most of the wealth stolen for pacification has been deployed, because the United States is the only nation on earth with a large armed populace. Not only large and armed, but with a history of documentation and research showing why guns in the hands of people (not guns in the hands of military or militia or police or PERSONS or CITIZENS) is the ONLY way for people: men and women and children, to protect themselves against the onslaught of a cunning and relentless tyranny. It is in America that a small group of awakened humans can take back their freedom and again provide a secure home for liberty - liberty that can again protect the world from the tyranny afoot today.
Oppose gun control at all costs - no freedom or liberty can be protected without the threat of weapons as a last resort. Withdraw your support for the banking system by removing your money and buying physical silver and gold for use later as currency. Use cash for all transactions reducing the flow of money through the banks weakening further the already weak banks. Infiltrate your local governments by running for office, use the power of the local press to remove corruption by writing letters to the editor. Take back our schools -- home school your children, it should only take a generation or two of home schooled children to move back into the mainstream world as leaders and members of government. Do not depend on the United States federal government for any help. The States are the answer. If your state does not support the right to own guns move. Vote with your feet, do not any longer support evil with your tax dollars. Look for states with nullification laws in the works, these states need our support. Take action against intrusion on your liberties, bring lawsuits against fraudulent banking, TSA assault, criminal foreclosures and file claims against sources of health degradation - we need a call to action for class action lawsuits.
More ways to stop the evil: buy radio stations (lots of them cheap and then use them to get the message out), take back our newspapers and television stations from the elite mega corporations. Write blogs, tell your children every day, talk to them about what is happening and what has to happen before it will change. Look for lies, critique movies for hidden messages of the enslavers, filter your water, buy radiation detection equipment and complain when the media lies about radiation, and get off the power grid with solar and wind generators. The power grid is a great controller, If you misbehave or if you need to be taught a lesson, the power will go down.
Lastly take charge of your health and your families health. The medical-pharmaceutical-insurance industry in the United States are not about health, they are not outcome based. The 'pharmamedisurance' model of business is theft through monopoly and wealth through growth of services. Cures are way to health, health through prevention is the solution. Eat organic whole foods with non-GMO contents. Eat less. Supplement the loss of nutrition in foods with high quality natural supplements. Take charge of your own health, read about nutrition and healthy life ideas, and then shrug off your M.D. , stop taking pharmaceutical poisons, decline unnecessary tests. Stand up to the system that is fleecing your health.
With $50 silver signaling the beginning of the end of the banking system, it becomes imperative that we, the awake, prepare for the final confrontation. It is here that we sink or swim -- practice swimming and buy more real, hold in your hands, silver.
50 Factors Launching Gold
By: Jim Willie CB, GoldenJackass.com
-- Posted Tuesday, 19 April 2011 | Share this article | Source: GoldSeek.com
Edification is not the word that comes to mind when observing an interview with Larry Fink of Blackstone this morning on network financial news. It was inspirational if not humorous, and somewhat pathetic. Of course the interviewer treated him like royalty, when just a syndicate captain, a Made Man. As a cog within the US financial hierarchy, he was asked why Gold is approaching record price levels near $1500 per ounce. He gave his best 10-second answer, showing no depth of comprehension but an excellent grip of propaganda laced with simplistic distortion. He said, "GOLD IS RISING FROM ALL THE GLOBAL INSTABILITY, AND NOT FROM INFLATION AT ALL." Sounds good, but it lacks much reflection of the world of reality burdened by complexity and interconnectivity that the enlightened perceive. At least he did not babble about Gold being in an asset bubble. It cannot, since Gold is money. It is curious that all the analysts, bankers, fund managers, corporate chieftains who did not advise on Gold investment over the last ten years are precisely whom the financial network news appeals to for guidance in the current monster Gold bull run. They knew nothing before, and they know nothing now. The major US news networks carry the Obama water while the USCongressional members carry the USBanker robes and show respect with genuflection before the priests. But guys like Fink are their harlot squires. Poor Ben Bernanke, despite his high priest position, does not gather a fraction of respect that Alan Greenspan did even though Alan presided over the collapse. The wild card possibly later this year or 2012 will be a national movement to force mandatory wage gains, and thus avert a national economic collapse. The squeeze is on in a powerful manner to both businesses and households.
ANOTHER STRONG GOLD BREAKOUT
As long as Quantitative Easing programs are in place and actively pursued, Gold & Silver prices will soar. The programs are urged by exploding budget deficits and absent USTBond demand. That translates to a ruined USDollar currency. Gold & Silver respond to the debasement and ruin. Efforts will become ridiculously stretched to save the USDollar, but will fail. QE will go global and secretive, assuring tremendous additional gains in the Gold & Silver price. No effort to liquidate the big USbanks will occur, thus assuring the process will continue until systemic breakdown then failure. The more extraordinary the measures to save the embattled insolvent fraudulent USDollar, the more the Gold & Silver price will soar. It is that simple. Gold & Silver will soar as long as central banks continue to put monetary inflation machinery to work. They are attempting to provide artificial but coordinated USTreasury Bond demand. In the process their efforts will continue to push the cost structure up further. In my view, since the Japan natural disaster hit with financial fallout, the Global QE is very much in effect, but not recognized as a global phenomenon. It pushes up Gold in uniform fashion worldwide.
50 FACTORS POWERING THE GOLD BULL
1) USFed is stuck at 0% for over two years and printing $1.7 trillion in Quantitative Easing, otherwise called monetary hyper inflation. They are not finished destroying both money and capital.
2) USFed tripled its balance sheet, with over half of it bonds of exaggerated value, while it gobbled up toxic mortgage bonds as buyer of last resort. The mortgage bonds have turned worthless. The USFed waits for a housing revival to bail itself out, but it will not arrive.
3) Debt monetization has gone haywire, as over 70% of USTBond sales from the USFed printing press. The QE was urgently needed, since legitimate buyers vanished. Even the primary dealers have been reimbursed in open market operations within a few weeks.
4) PIMCO has shed its entire USTreasury Bond holdings, seeing no value. They joined many foreign creditors in an unannounced buyer boycott in disgusted reaction to QE which is essentially a compulsory unilateral debt writedown.
5) Growing USGovt deficits have run over $1.5 trillion annually, with absent cuts, obscene entitlements, endless war. The prevailing short-term 0% interest rates are out of synch with exploding debt supply and rising price inflation.
6) Unfunded USGovt liabilities total nearly $100 trillion for medicare, social security, pensions, and more. The obligations are never included in the official debt. It represents insult to injury within insolvency.
7) Standard & Poors warned that USGovt could lose AAA rating in lousy credit outlook, one chance in three within the next two years. Ironically, the announcement came on the day when the USGovt exceeded its debt limit. The network news missed it.
8) State & Municipal debt have collapsed, as 41 states have huge shortfalls, and four large states are broken. They might receive a federal bailout. It could be called QE3, maybe QE4.
9) Coordinated USTBond purchases from Japanese sales have relieved the USFed, as other major central banks act as global monetarist agents. The sales by Japan are vast and growing. Witness the last phase in unwind of Yen Carry Trade, where 0% borrowed Japanese money funded the USTreasury Bonds and US Stocks.
10) Quantitative Easing, a catch word for extreme monetary inflation and debt monetization, has become engrained into global central bank policy, soon hidden. It is so controversial and deadly to the global financial structures that it will go hidden, and attempt to avoid the furious anger in feedback by global leaders. This is the most important and powerful of all 50 factors in my view.
11) The FedFunds Rate is stuck near 0%, yet the actual CPI is near 10%, for a real rate of interest of minus 9%. Historically a negative real rate of interest has been the primary fuel for a Gold bull. This time the fuel has been applied for a longer period of time, and a bigger negative real rate than ever.
12) The USGovt claims to have 8000 tons of Gold in reserve, but it is all in Deep Storage, as in unmined ore bodies. The collateral for the USDollar and USTreasury debt is vacant. It is in raw form like in the Rocky Mountain range or Sierra Nevada range.
13) Fast rising food prices, fast rising gasoline prices, and fast rising metals, coffee, sugar, and cotton serve as testament to broad price inflation. So far it has shown up on the cost structure. Either the business sector will vanish from a cost squeeze or pass on higher costs as end product and service price increases.
14) The entire world seeks to protect wealth from the ravages of inflation & the American sponsored QE by buying Gold & Silver. The rest of the world can spot price inflation more effectively than the US population. The United States is subjected to the world's broadest and most pervasive propaganda in the industrialized world.
15) The European sovereign debt breakdown with high bond yields in PIIGS nations points out the broken debt foundation to the monetary system. The solutions like with Greece in May 2010 were a sham, nothing but a bandaid and cup of elixir. Spain is next to experience major shocks that destabilize all of Europe again, this time much bigger than Greece. The Portuguese Govt debt rises toward 10% on the 10-year yield, while the Greek Govt debt has risen to reach 20% on the 2-year yield.
16) Germany is pushing for Southern Europe bank climax in their Euro Central Bank rate hike. Europe will be pushed to crisis this year, orchestrated by the impatient and angry Germans. They have no more appetitive for $300 to $400 billion in annual welfare to the broken nations in Southern Europe.
17) Isolation of the USFed and Bank of England and Bank of Japan has come. The small rate hike by the European Central Bank separated them finally. The Anglos with their Japanese lackeys are the only central banks not raising rates. With isolation comes all the earmarks on the path to the Third World.
18) The shortage of gold is acute, as 51 million gold bars have been sold forward versus the 11 million held by the COMEX in inventory. Be sure that hundreds of millions of nonexistent fractionalized gold ounces are polluting the system. Word is getting out that the COMEX is empty of precious metals.
19) Such extreme Silver shortage has befallen the COMEX that the corrupted metals exchange routinely offers cash settlement in silver with a 25% bonus if a non-disclosure agreement is signed. The practice cannot be kept under wraps, as some hedge funds push for fat returns in under two months holding positions with delivery demanded.
20) China has begun grand initiatives to replace its precious metal stockpiles. They are pursuing the Yuan currency to become a global reserve currency. As they build collateral for the Yuan, they are also elevating Silver as reserves asset.
21) A global shortage of Gold & Silver has been realized in national mint production. From the United States to Canada to Australia to Germany, shortages exist. Many interruptions will continue amidst the shortages, which feed the publicity.
22) The Teddy Roosevelt stockpile of 6 million Silver ounces was depleted in 2003. He saw the strategic importance of Silver for industrial and military applications. The USEconomy and USMilitary will turn into importers on the global market.
23) The betrayal of China by USGovt in Gold & Silver leases is a story coming out slowly. The deal was cut in 1999, associated with Most Favored Nation granted to China. But the Wall Street firms broke the deal, betrayed the Chinese, and angered them into highly motivated action. No longer are the Chinese big steady USTBond buyers, part of the deal also.
24) Every single US financial market has been undermined and corrupted from grotesque intervention, constant props, and fraudulent activity. The degradation has occurred under the watchful eyes of compromised regulators. Fraud like the Flash Crash and NYSE front running by Goldman Sachs is protected by the FBI henchmen.
25) The USEconomy operates on a global credit card, enabling it to live beyond its means. The USGovt exploits the compulsory foreign extension of credit in USTBonds, by virtue of the USDollar acting as global reserve currency. Foreign nations are compelled to participate but that is changing.
26) The USMilitary conducts endless war adventures for syndicate profits. They use the USTreasury Bond as a credit card. The wars cost of $1 billion per day is considered so sacred, that it is off the table in USGovt budget call negotiations, debates, and agreements.
27) Narcotics funds have proliferated under the USMilitary aegis. The vertically integrated narcotics industry is the primary plank of nation building in Afghanistan. The funds keep the big US banks alive from vast money laundering.
28) No big US bank liquidations have occurred, despite their deep insolvency. Any restructure toward recovery would have the liquidations are the first step. The USEconomy is stuck in a deteriorating swamp since the Too Big To Fail mantra prevents the urgent but missing step.
29) The unprosecuted multi-$trillion bond fraud over the last decade has harmed the US image, prestige, and leadership. The main perpetrators are the Wall Street bankers and their lieutenants appointed at Fannie Mae and elsewhere. They bankers most culpable remain in charge at the USDept Treasury and other key supporting posts like the FDIC, SEC, and CFTC.
30) The ugly daughters Fannie Mae and AIG are forever entombed in the USGovt. They operate as black hole expenses whose fraud must be contained. The costs involved are in the $trillions, all hidden from view like the fraud. Fannie Mae remains the main clearinghouse for several $trillion fraud programs still in operation.
31) The US banking system cannot serve as an effective credit engine dispenser, an important function within any modern economy. It is deeply insolvent, and growing more insolvent as the property market sinks lower in valuation. The banks lack reserves, and hide their condition by means of the FASB permission to use fraudulent accounting.
32) The big US banks are beneficiary of continuous secret slush fund support from the USGovt and USFed. Their sources and replenishments have been gradually revealed. The TARP Fund event will go down in modern history as the greatest theft the world has ever seen, easily eclipsing the biggest mortgage bond fraud in history.
33) The insolvent big US banks continue to sit at the USGovt teat. The vast umbilical cord of banker welfare has not gone away. Goldman Sachs still is in control of the funding machinery.
34) The shadow banking system based upon credit derivatives keeps interest rates near 0%. The usury cost of money is artificially low near nothing. As money costs nothing, capital is actively and rapidly destroyed.
35) A vast crime syndicate has taken control of the USGovt. A vast crime syndicate has taken control of the USMilitary. A vast crime syndicate has taken control of the USCongress. A vast crime syndicate has taken control of the US press networks.
36) A chronic decline of the US housing sector keeps the USEconomy in a grand decline with constant deterioration. With one million bank owned homes in inventory, a huge unsold overhang of supply prevents any recovery of housing prices. Home equity continues to drain, and bank balance sheets continue to erode.
37) Over 11 million US homes stand in negative equity. The sum equals to 23.1% of households. They will not participate much in the USEconomy, except when given handouts. They have become downtrodden.
38) The USEconomy will not benefit from a export surge. The US industrial base has no critical mass after 30 years of dispatch to the Pacific Rim & China. The industry must contend with rising costs in offset to the falling USDollar, which is cited as providing the mythical benefit. Then can export in droves if they do so at a loss.
39) A global revolt against the USDollar is in its third years. The global players work to avoid the US$ usage in trade settlement. Several bilateral swap facilities flourish, mostly with China. If China supplies products, then the Yuan currency will be elevated to global reserve currency.
40) Global anger and resentment over three decades has spilled over. The World Bank and IMF have been routinely used by the US bankers to safeguard the USDollar and Anglo banker hegemony. Neither financial agency commands the respect of yesteryear.
41) A middle phase has begun in a powerful Global Paradigm Shift. The transfer moves power East where the wealth engines of industry lie, far from the fraudulent banking centers. The next decade will feature the Chinese as bankers, since their war chest contains over $3 trillion.
42) The crumbling global monetary system was built on toxic sovereign debt. Legal tender has been nothing more than denominated debt posing as legitimate by legal decree. That is what word FIAT means. The system is gradually breaking in an irreversible manner.
43) The global central bank franchise system has been discredited. It is a failure, which is not recognized by the bank leaders still in charge. The stepwise process of ruin continues with a new sector falling every few months. Next might be municipal bonds.
44) Witness the final phase of a systemic cycle, as the monetary system has run its course. It is saturated with debt from faulty design. The deception cited in the mainstream media focuses upon the credit cycle which will renew. It will not. It will break of its own weight and lost confidence.
45) The recognition has grown substantially that suppression of the Gold price has been the anchor holding fiat system together. The Chinese realize that Gold, when removed, leads to the collapse of the US financial system. They realize it more than the US public. But the syndicate in control of the USGovt understands the concept very well, as they designed the system.
46) The institution of a high level global barter system might soon take root. Gold will sit at its central core, providing stability. No deadbeat nations will participate. That includes the United States and several European nations. The barter system will be as effective as elegant.
47) The movements spread like wildfire in several US states to reinstitute gold as money. In a few states, led by Utah and Virginia, progress has been made for Gold to satisfy debts, public & private. Consider the movement to be in parallel to the Tenth Amendment movements.
48) Anglo bankers have lost control in global banking politics. The phased out G-7 Meeting is evidence. China has wrested control of G-20 Meeting, and has dictated much of its agenda in the last few meetings. The US has been reduced to a diminutive Bernanke and Geithner being ignored in the corner.
49) New loud stirrings by Saudi Arabia seek a new security protector. If security is no longer provided by the USMilitary, then the entire defacto Petro-Dollar standard is put at risk. Remove the crude oil sales in USDollars exclusively, and the US sinks into the Third World with a USDollar currency that cannot stand on its own wretched wrecked fundamentals.
50) The IMF solution to use SDR basket as global reserve is a final desperate ploy. By fashioning a basket of major currencies in a basket, they attempt to enforce a price fixing regime. It is a hidden FOREX currency exchange rate price fixing gambit that will invite a Gold price advance in uniform manner across the currencies bound together. This ploy is being planned in order to prevent the USDollar from dying a horrible death at the expense of the other major currencies. By that is meant at the expense of the other major economies which would otherwise have to operate at very high exchange rates.
THE BIGGEST UPCOMING NEW FACTORS
Introduction of a New Nordic Euro currency is near its introduction. The implementation with a Gold component will send Southern European banks into the abyss, marred by default. The new currency has the support from Russia and China, even the Persian Gulf. In my view, it is a USDollar killer. The first nations to institute a new monetary system for banks and commerce will be the survivors. The rest will slide into the darkness of the Third World.
Gold & Silver seem to be the only assets rising in price, an extension of a terrific 2010 decade. The exceptions are farmland and the US Stock market. However, stock valuations are propped by constant and admitted USGovt support. Their efforts are mere attempts to keep pace with the USDollar decline, as stocks merely maintain a constant purchase power.
A hidden overarching hand seeks the global Gold Standard as the bonafide solution. Darwin is at work, but Adam Smith turns a new chapter. The crumbling monetary solution demands a solution. Further investment in the current system assures a devastating decline into the abyss of insolvency and ruin.
http://news.goldseek.com/GoldenJackass/1303243200.php
$5,000 Gold and $300 Silver are Credible Numbers
-- Posted Tuesday, 19 April 2011 | Share this article | Source: GoldSeek.com
By James West
Q: What do CNBC, George Soros, Warren Buffet and every other mainstream investment commentator on the price of gold have in common for the last ten years?
A: They are all wrong.
All the time, every year, ten out of ten years in a row. If you continue to pay attention to such disinformation, you will lose money. Definitely. No question. Guaranteed.
Each and every year, their vapid comments on the future gold price prove to be complete bollocks, yet year after year, and day after day, millions of readers watchers and listeners tune in for another dose of horribly incorrect information.
These days, the number of perpetually inaccurate predictions forecasting an end to the gold boom are thoroughly drowned out by the now multitudinous voices screaming from the rooftops for gold to go much higher. About 90 percent of that is the herd mentality at work. Early predictions for $1,000 gold, which seemed extreme and outlandish just two years ago, turned out to be very conservative. So its easy now to lay claim to being “the one who predicted the gold bull market”.
Bandwagon riders aside, there are compelling reasons to support a much higher gold price, and more importantly, a narrowing of the ratio between the gold price and the silver price. One year ago, the silver to gold ratio was 63 ounces of silver for every ounce of gold. Today that ratio is 35:1. Its fallen by nearly half in one year.
In terms of pure performance, whereas gold has delivered a solid gain of 26.51% in the course of the last year, silver has outshone gold spectacularly, turning in a gain of 123.55%, making it the commodity trade of the year by far. The effect of that performance is to dramatically alter the perception of investors in terms of its desirability as a precious metal. Its long been a psychological barrier to silver’s progress, in my opinion, that a precious metal could be had so cheap.
But as the prices of both monetary metals grows, and their price differentials narrow, investors want an idea of where the future is heading in terms of these prices. Can they continue to grow so dramatically in price, or is there a point at which their price appreciation curve will level out and become more incremental? Or, is there a point at this the upward price curves will plunge steeply downward? And at what point, if every, will the price curves of silver and gold converge? What exactly is the appropriate ratio of gold versus silver? Do we buy bullion, coins, ETF’s, Gold Funds, Senior Miners or Junior Explorers? Which is safest? Which is riskiest?
First lets consider the ratio question. If the ratio suggested in the title were to become reality, that would mean a ratio of only ten ounces of silver to buy one ounce of gold. If the ratio curve were to continue climbing in favour silver at the present rate, it would approach 10:1 within another year.
But if the ratio were to reflect numbers pegged to certain fundamental realities, then perhaps we could deduce a more rational price differential with better certainty. According to John Stephenson’s Little Book of Commodity Investing, there is 16 times more silver in the earth’s crust than gold.
So on that basis alone, the correct price ratio is arguably 16:1. Silver bulls like to point out that silver is unique among monetary metals because of its wide ranging industrial applications, as well as in photography and jewelry. As the silver price continues to consolidate its price differential with gold, it is likely that process modification and substitution will occur wherever possible in the manufacturing supply chain to replace silver, which will dampen industrial demand. Thanks to silver’s unique chemical attributes, however, that effect will be muted.
2009 statistics from the Silver Institute show that global supply of silver was more or less equal to the global demand for silver from all classes including manufacturing and bullion minting. Government stocks of silver are estimated to have fallen by 13.7 million ounces over the course of 2009, to reach their lowest levels in more than a decade. Russia again accounted for the bulk of government sales, with China and India essentially absent from the market in 2009. Regarding China, Gold Fields Mineral Services states that after years of heavy sales, its silver stocks have been reduced significantly.
If the silver ratio is heading to 16:1, that implies a near term price range of $90 - $100 per ounce.
If gold goes to $5,000 an ounce, and the silver/gold price ratio remains 16:1, there’s silver at $312.50 per ounce.
And what, pray tell, is coming down the pike to support a gold price of $5,000?
First and foremost, the United States dollar.
The whole global financial system is trapped in a situation whereby we have no choice but to permit the United States to continue counterfeiting money. There is no single political force or voice or even prospect with the knowledge and the power to put a stop to the insanity into which we continue to spiral on a daily basis. That means, despite the unanimous chorus from the financial media mainstream, which anesthetizes the human race in an effort to thwart violent protest by design, the fabrication of electronic dollars will continue apace. For years.
In terms of strict nominal value, that implies a proportional increase in the prices of, well, everything. Inflation is the direct outcome of monetary expansion in the absence of economic growth. Therefore, gold and silver will be direct beneficiaries of such policy.
At the same time, sovereign and large capital pool (LCP) investors in U.S. debt are seeking to exit their holdings of U.S. dollars, The world’s largest bond fund, PIMCO, and its acerbic chief Bill Gross, are now shorting the U.S. dollar. China has stated repeatedly that it will reduce its holdings of U.S. debt. This is sending a signal to the rest of the sovereign wealth and LCPs that the U.S. dollar should be abandoned. That means, when the convulsions that seize the global financial system, such as that of 2008, manifest themselves, investors will flee less and less to the U.S. dollar, and more and more to other currencies – especially gold and silver.
So not only does the price of gold appreciate in strictly nominal terms, but demand for it is growing even as it grows exponentially in price. That’s why, given this illogical yet nevertheless existing stupidity, the more expensive gold and silver get, the greater will be their demand as a replacement for U.S. dollar denominated safe haven asset classes.
The third major factor that is going to drive gold to $5,000 and silver through $300 is related to the first two. Governments, always reactive and never proactive, will eventually start to ratify gold and silver as official currency alternatives as a result of public pressure.
The decision by the people of Utah to do just that was big news recently, even though technically and legally, it always was legal tender in that state. It is this final legitimizing step by regional governments that will open the eyes of the otherwise hypnotized American public. For now, the move is painted as fringe by the idiotic mainstream, who are unwitting pawns for the financial services industry – U.S. Federal Reserve – U.S. Treasury trio of economic under-miners.
But contrary to global public perception, this has been a recurring theme in the United States economy, pretty much from day 1.
The Daily Astorian, a newspaper of the day in Astoria, Oregon, on May 9th, 1876 published a story the following of which is an excerpt:
The people of this country are tolerably familiar with depreciated money. The great mass of them have had nothing else for the last fourteen years. We are accustomed to depreciated Greenbacks, National Bank Notes, Nickels and Silver, and there are those living who can recall the time when Gold was worth less than Silver.
The biggest perpetrators of what we, the people, must soon designate as criminals, else suffer the continuing consequences of no jobs and no future, are the United States Federal Reserve, the United States Treasury, The Commodities and Futures Trading Commission, and the Securities Exchange Commission.
“Oh but wait,” say some. “The United States Federal Reserve is not a government body….its private.” And? The Federal Reserve is nothing more and nothing less than the off-balance sheet entity of the U.S. Treasury that permits the illegal fabrication of dollars out of thin air without prosecution. Of course this off-balance sheet entity is not an official government body. It was designed that way, exactly as Enron set up LJM L.P., to hide losses and perform sundry distasteful and illegal acts in an effort to support its parent entity.
When an entity is formed specifically to operate outside of the publicly elected offices of government, but is given dominion over the most important property of the voting public – its money – and when that entity acts in direct opposition to the interests of the public to whom it owes a fiduciary duty, then its status as government or private really becomes irrelevant. All that matters in terms of its identity is its treasonous and fraudulent activity.
The management of Enron went to jail for their larcenous culture of hiding from shareholders the true extent of their losses, and the illegal nature of their everyday operations. With a bit of luck and perseverance, the same fate will yet befall Bernanke, Paulson, Summers, Rubin, Geithner, Gensler, Shapiro and the rest of the Ivy league thieves. In the meantime, the best defense against their intentional destruction of the United States currency is selling dollars to buy gold for capital preservation and silver for low-risk capital appreciation.
The day will come when, instead of teaching that these leaders were nobly trying to ease the pain of financial forces beyond their control, today’s politicians will instead be accurately portrayed as naïve, negligent, and just plain stupid populists whose ignorance of real economic matters was exactly the ingredient necessary to permit the psychopathic and misanthropic banking community to form the financial policies of their governments. Unfortunately, the only ones likely to be alive by the time that happens are now in diapers.
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