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Old 05-18-2011, 01:03 AM   #251
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Big guys bet on trends. If gold trends downward even 1% that is huge if you are buying and selling large quantities. Keep an eye on Greece. They are probably going to default again forcing a bailout consideration. Perhaps he's just positioning as inflation in Europe is starting creep upward. The trends in China are not as rosy as they used to be.

I am looking for inflation to kick in. Housing rates are going up.
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Old 05-24-2011, 08:08 AM   #252
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Originally Posted by alkemical View Post
http://www.nytimes.com/2011/05/15/yo...l?ref=business

Suddenly, Gold Isn’t Looking So Solid
It's actually moving higher on all the uncertainty in Europe again. Now imagine if you lived in Belarus and you had a significant amount of your wealth in Rubles. Then you woke up and the bank did this to you.

http://www.businessweek.com/news/201...ew-limits.html

This is why you diversify some of your portfolio to gold.

Another example but not quite as extreme. As of 8:18 mountain time. The US dollar DXY is down .5% this morning. Gold is up .5%

http://finviz.com/futures.ashx

Silver seems to be finally rebounding nicely from it's crash price. Up 3.7% so far. Silver swings pretty wildly though.

Last edited by Meck77; 05-24-2011 at 08:23 AM..
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Old 05-31-2011, 09:21 AM   #253
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I will post this without comment:

All US Gold Gone? Russia says IMF Chief Jailed for Discovery.

May 31, 2011 6:42
RussiaSays IMF Chief Jailed For Discovering All US Gold Is Gone


By: Sorcha Faal, and as reported to her Western Subscribers

http://beforeitsnews.com/story/675/5...iscovery..html
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Old 05-31-2011, 09:57 AM   #254
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Quote:
Originally Posted by mhgaffney View Post
I will post this without comment:

All US Gold Gone? Russia says IMF Chief Jailed for Discovery.

May 31, 2011 6:42
RussiaSays IMF Chief Jailed For Discovering All US Gold Is Gone


By: Sorcha Faal, and as reported to her Western Subscribers

http://beforeitsnews.com/story/675/5...iscovery..html
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Old 05-31-2011, 10:14 AM   #255
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This is not new -- Ron Paul went on record last year -- about the gold in Ft Knox.

Ron Paul questions whether there's gold at Fort Knox, NY Fed

By Michael O'Brien -
08/30/10 10:21 AM ET

http://thehill.com/blogs/blog-briefi...-gold-reserves

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.

The libertarian lawmaker told Kitco News, a website tracking news about precious metals, that an audit was necessary to determine how much the U.S. maintains in gold reserves in case the government were to use gold to back the dollar.

“If there was no question about the gold being there, you think they would be anxious to prove gold is there,” he said.

“Our Federal Reserve admits to nothing, and they should prove all the gold is there. There is a reason to be suspicious and even if you are not suspicious why wouldn’t you have an audit?

“I think it is a possibility," Paul said when asked if there was truth to rumors that there was actually no gold at Ft. Knox or the New York Fed.

Paul had been one of the Republicans to spearhead a broader audit of the Fed as part of the Wall Street reform bill passed through Congress this year. The provision, which was weakened somewhat in the final version, found Paul joining with a number of Democrats to require the Fed to open its books and outline its assets and liabilities.

The gold reserves, which Paul's new bill would audit, are generally seen as a guarantee on a nation's currency, but the U.S. moved the dollar away from being tied to the price of gold in 1972.
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Old 05-31-2011, 10:15 AM   #256
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So....Is Ron Paul part of the illuminati? He breaks these questions publicly, but is still not jailed, dead, etc.?
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Old 05-31-2011, 10:52 AM   #257
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Check the "before its news" link I posted above.

Putin has charged conspiracy regarding the IMF chief's arrest. This is apparently up on an official Russian government web site.
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Old 05-31-2011, 11:54 AM   #258
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Seriously, Gaffney, get a life!
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Old 05-31-2011, 11:56 AM   #259
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Still doesn't answer my question....
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Old 05-31-2011, 12:08 PM   #260
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If there was no gold in the vaults, not only would we be financially in ruins but ****ed among all other countries. Stock Market crash of 1929 and in '89 would be forgotten. Global meltdown.
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Old 05-31-2011, 12:40 PM   #261
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If there was no gold in the vaults, not only would we be financially in ruins but ****ed among all other countries. Stock Market crash of 1929 and in '89 would be forgotten. Global meltdown.
why
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Old 05-31-2011, 12:55 PM   #262
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why
If we have billions and billions of dollars invested in a precious metal that is not in the vaults, then all we have is the paper or stock ID that is not worth the value of the paper. It is pretend. Our currency is backed by the US treasury. Gold is no longer being used (as you already know) so what is to back the gold that does not exsist? Every country that has invested in our country by either the stock market or gov. loans. Sure countries that have bought actual gold and not a piece of paper will be somewhat fine but you only have to look at the bloated housing market that has ruined the economy that not only here but throughout the world.
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Old 05-31-2011, 01:05 PM   #263
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If we have billions and billions of dollars invested in a precious metal that is not in the vaults, then all we have is the paper or stock ID that is not worth the value of the paper. It is pretend. Our currency is backed by the US treasury. Gold is no longer being used (as you already know) so what is to back the gold that does not exsist? Every country that has invested in our country by either the stock market or gov. loans. Sure countries that have bought actual gold and not a piece of paper will be somewhat fine but you only have to look at the bloated housing market that has ruined the economy that not only here but throughout the world.
Today, like the currency of most nations, the dollar is fiat money, unbacked by any physical asset. A holder of a federal reserve note has no right to demand an asset such as gold or silver from the government in exchange for a note.[9] Consequently, proponents of the intrinsic theory of value believe that the dollar has little intrinsic value (i.e., none except for the value of the paper) and is only valuable as a medium of exchange and for their ability to buy government debt.[citation needed]

In 1963, the words "PAYABLE TO THE BEARER ON DEMAND" were removed from all newly issued Federal Reserve notes. Then, in 1968, redemption of pre-1963 Federal Reserve notes for gold or silver officially ended. The Coinage Act of 1965 removed all silver from quarters and dimes, which were 90% silver prior to the act. However, there was a provision in the act allowing some coins to contain a 40% silver consistency, such as the Kennedy Half Dollar. Later, even this provision was removed, and all coins minted for general circulation are now mostly clad. The content of the nickel has not changed since 1946.[citation needed]

All circulating notes, issued from 1861 to present, will be honored by the government at face value as legal tender. This means only that the government will give the holder of the notes new federal reserve notes in exchange for the note (or will accept the old notes as payments for debts owed to the federal government). The government is not obligated to redeem the notes for gold or silver, even if the note itself states that it is so redeemable. Some bills may have a premium to collectors.[citation needed]

The only exception to this rule is the $10,000 gold certificate of Series 1900, a number of which were inadvertently released to the public because of a fire in 1935. A box of them was literally thrown out of a window. This set is not considered to be "in circulation" and, in fact, is stolen property. However, the government canceled these banknotes and removed them from official records. Their value, relevant only to collectors, is approximately one thousand US dollars.[citation needed]

According to the Federal Reserve Bank of New York, there was $829 billion in total US currency in worldwide circulation as of December 2007.[10]

In September 2004, it was estimated that if all the gold held by the U.S. government (287.13 million ounces = 8.14 million kilograms = 8,140 metric tonnes) were again required to back the circulating U.S. currency ($733,170,953,704), gold would need to be valued at $2,800/ounce ($90/gram).[citation needed]

http://en.wikipedia.org/wiki/History..._States_dollar
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Old 05-31-2011, 01:10 PM   #264
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So, if we state that we have gold and in reality don't have any, that there is no problem? In my post, I believe I included everything but should have dealt with just government. I believe the gov. still uses gold as an investment or backing of a loan. Am I wrong on this?
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Old 05-31-2011, 01:18 PM   #265
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it's backed by pixie dust.
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Old 05-31-2011, 01:26 PM   #266
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Thank god. Thought u would say magic beans.
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Old 05-31-2011, 03:37 PM   #267
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it's backed by pixie dust.
On bills since 1957...."In God we trust".....

Use it to buy gold??
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Old 05-31-2011, 07:13 PM   #268
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Native Americans have a different slant on the "In God we trust" motto on the dollar.

In their view -- the words mean that the white peoples' god = the almighty dollar.

A false god. Which explains a lot of things (why things are so ****ed up.)

IMO, they see it clearly.
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Old 05-31-2011, 08:13 PM   #269
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Quote:
Originally Posted by mhgaffney View Post
This is not new -- Ron Paul went on record last year -- about the gold in Ft Knox.

Ron Paul questions whether there's gold at Fort Knox, NY Fed

By Michael O'Brien -
08/30/10 10:21 AM ET

http://thehill.com/blogs/blog-briefi...-gold-reserves

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.

The libertarian lawmaker told Kitco News, a website tracking news about precious metals, that an audit was necessary to determine how much the U.S. maintains in gold reserves in case the government were to use gold to back the dollar.

“If there was no question about the gold being there, you think they would be anxious to prove gold is there,” he said.

“Our Federal Reserve admits to nothing, and they should prove all the gold is there. There is a reason to be suspicious and even if you are not suspicious why wouldn’t you have an audit?

“I think it is a possibility," Paul said when asked if there was truth to rumors that there was actually no gold at Ft. Knox or the New York Fed.

Paul had been one of the Republicans to spearhead a broader audit of the Fed as part of the Wall Street reform bill passed through Congress this year. The provision, which was weakened somewhat in the final version, found Paul joining with a number of Democrats to require the Fed to open its books and outline its assets and liabilities.

The gold reserves, which Paul's new bill would audit, are generally seen as a guarantee on a nation's currency, but the U.S. moved the dollar away from being tied to the price of gold in 1972.
You'd think the people could audit it. I guess it's wishful thinking. We haven't even audited the Fed once in its 100 year history.
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Old 06-04-2011, 07:53 AM   #270
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Originally Posted by Rohirrim View Post
Billionaire financier George Soros, who called gold "the ultimate bubble," dumped almost his entire $800 million stake in bullion in the first quarter, well before a commodities slump blamed partly on reports he was liquidating his holdings.

Famed gold bull John Paulson held his ground, but Soros was joined in the retreat by several other big names, including Eric Mindich and Paul Touradji, according to 13-F filings with the U.S. Securities and Exchange Commission that provide the best insight into where hedge funds are placing their bets.

http://www.huffingtonpost.com/2011/0..._n_863083.html
At first I was puzzled why a savvy investor like Soros would "dump his gold." He didn't. He just transferred most of the $800 million in physical gold to gold mining stocks and ETFs. Maybe he knows something we don't. The government confiscated gold in the past. With gold mining shares, all they can do is force gold miners to sell their gold directly to the government. Soros would still benefit from gold.

Last edited by Arkie; 06-04-2011 at 08:00 AM..
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Old 06-04-2011, 08:29 PM   #271
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Don't miss EP Heidner's 2008 paper about 911. This is probably the best overarching hypothesis I have seen, yet.

The story goes back to the days of the OSS and the Japanese gold caches in the Philippines. Heidner blames 911 on the same cast of characters who gave us the October Surprise and Iran Contra Gate. He argues that after HW Bush entered the White House the neocons created a $240 billion slush fund to destroy Russia.

According to Heidner, the securities came due on 9/12/2001, which would have exposed massive illegal activity. Hence the rationale for 911: to cover up the earlier covert illegal plan to stage a coup against Gorbachev, destroy the ruble, get control over Russia's oil and gas, etc, using the oligarchs.

Collateral Damage: U.S. Covert Operations and the Terrorist Attacks on September 11, 2001

http://www.wanttoknow.info/911/Colla...fund_trust.pdf
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Old 06-04-2011, 09:47 PM   #272
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Meanwhile, back at Troofer HQ.........

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Old 06-06-2011, 05:25 AM   #273
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At first I was puzzled why a savvy investor like Soros would "dump his gold." He didn't. He just transferred most of the $800 million in physical gold to gold mining stocks and ETFs. Maybe he knows something we don't. The government confiscated gold in the past. With gold mining shares, all they can do is force gold miners to sell their gold directly to the government. Soros would still benefit from gold.
I'd be interested in his "reasoning" for that, what the business decision was.
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Old 06-06-2011, 09:28 AM   #274
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it's backed by pixie dust.
and the most powerful military in the world with ICBMs
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Old 06-06-2011, 09:30 AM   #275
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This is not new -- Ron Paul went on record last year -- about the gold in Ft Knox.

Ron Paul questions whether there's gold at Fort Knox, NY Fed

By Michael O'Brien -
08/30/10 10:21 AM ET

http://thehill.com/blogs/blog-briefi...-gold-reserves

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.

The libertarian lawmaker told Kitco News, a website tracking news about precious metals, that an audit was necessary to determine how much the U.S. maintains in gold reserves in case the government were to use gold to back the dollar.

“If there was no question about the gold being there, you think they would be anxious to prove gold is there,” he said.

“Our Federal Reserve admits to nothing, and they should prove all the gold is there. There is a reason to be suspicious and even if you are not suspicious why wouldn’t you have an audit?

“I think it is a possibility," Paul said when asked if there was truth to rumors that there was actually no gold at Ft. Knox or the New York Fed.

Paul had been one of the Republicans to spearhead a broader audit of the Fed as part of the Wall Street reform bill passed through Congress this year. The provision, which was weakened somewhat in the final version, found Paul joining with a number of Democrats to require the Fed to open its books and outline its assets and liabilities.

The gold reserves, which Paul's new bill would audit, are generally seen as a guarantee on a nation's currency, but the U.S. moved the dollar away from being tied to the price of gold in 1972.
this is why Ron Paul kicks ass and exactly the reason why the repubs will never allow him to run for the presidency.

Paul gets it.
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