| |
  
|
||||||||||
|
||||||||||
The Daily Paul is a community website with no official affiliation with Ron Paul or his Presidential Committee. The content of posts and comments on the Daily Paul represent the opinions of the original poster, and are not endorsed, approved, or otherwise representative of the opinions of the Daily Paul, its owner, site moderators or Ron Paul. This site may contain adult language and adult concepts. If you are offended by such content, or feel you may be offended by such content, point your browser to a different site IMMEDIATELY. For more, read the Full Disclaimer
© 2007 - 2011 by The Daily Paul. Not paid for by, nor officially affiliated in any way with Ron Paul. | General Site Disclaimer | DMCA Disclaimer | Advertise here
One year ago..
I spoke in front of the Federal Reserve building at the end of our End the Fed march. I asked everyone if they wanted to "end the Fed". They all cheered. I then asked what they would replace it with. Silence. Seems they didn't think it through that ending the Fed would end Federal Reserve Notes. On that day a fifty dollar gold coin was worth about 850 bucks. Today it is worth about 1165 bucks. The gold is NOT going up in value; it is the Federal Reserve Note depreciating faster than Bernankes hair.
Back in 1985 Ron Paul (remember him?) and Phillip Crane wrote the Gold Bullion Act and gave Americans the opportunity to use lawful and legal tender again as mandated by the Constitution. Congress did it's part, now it's up to the American citizens to start using the money again. Cash your paychecks for gold and silver dollars and start using them to buy goods and services. If the merchant refuses to take them then go to the guy next door and let the traitors who deal exclusively in Federal Reserve Notes starve. Good riddance to bad garbage.
China quietly introduces new financial system
~
(Editor's Note: The following missive, from Mr. Fulford, portends some radical changes ahead, Not only are they radical, he also suggests that they are imminent. Do your own "due diligence" but stay open to the possibilities. - JSB)
China is proposing to replace the US dollar with the Hong Kong dollar
The Federal Reserve note will fall to 0.03 cents by January ...
http://www.silverbearcafe.com/private/11.09/chinabank.html
Benjamin Fulford is an
Benjamin Fulford is an interesting person with an intriguing story to tell. I'm fairly familiar with his writing and his interview of David Rockefeller. Some say he's full of sh*t, but I won't. I do know this: the West is in serious decline and Asia is rising. Fulford mentioned derivatives twice, and the Chinese unilaterally cancelled certain derivatives contracts with Western banks on the grounds that they are fraudulent. That story was never passed around in the MSM, instead we got "tire wars" from Obama. The USD level that he mentioned is news to me, the lowest number I've read was in the neighborhood of .52 USDX. It's all very plausible, I can't imagine what it will be like once the stampede for the exits begins.
gold now $1,165; silver now $18.76;platinum up $30 at $1,463.90
Metal Bid Ask
Gold $1,165.00 $1,166.00 up $18.20
Silver $18.76 $18.81 up $0.34
Platinum $1,463.90 $1,473.90 up $30.00
Palladium $366.40 $371.40 up $5.10
Updated:11/22/2009 10:35:18 PM CST
Just bought some silver off ebay below spot + $10 shipping
There are deals to be had!
I wish I had a gold buying company.
There is no worse tyranny than to force a man to pay for what he does not want merely because you think it would be good for him.
-Professor Bernardo de la Paz, The Moon is a Harsh Mistress
Robert A. Heinlein
History does not long entrust the care of freedom to the weak or the timid.
Dwight D. Eisenhower
exciting times for precious
exciting times for precious metals...not so exciting times for paperbugs
paperbugs
lol i never heard that before, but its great
fortune favors the bold
Anyone read this?....
November 19, 2009
Jim Willie, The Golden Jackass
"$$$ THE BIGGEST GOLD CRIME STORY OF THE CENTURY MIGHT BE SOON COMING TO FULL LIGHT. EVIDENCE IS BEING ACCUMULATING THAT THE CLINTON ADMIN WITH RUBIN AT USDEPT TREASURY REPLACED PERHAPS THE ENTIRE CONTENTS OF THE FORT KNOX GOLD WITH TUNGSTEN BARS PLATED BY GOLD. THE SALTED GOLD BARS ARE FASTING BECOMING A GLOBAL CRIME ISSUE. HONG KONG DISCOVERED THEM, AND NOW ASSAYERS ARE TRYING TO AUTHENTICATE MOST OF THE GLOBAL GOLD HELD IN BANKS. ENTIRE NATIONS ARE AT RISK. BEFORE LONG THE USGOVT COULD BE DECLARED A ROGUE NATION INTERNATIONALLY. $$$"
See full article...
http://www.stevequayle.com/News.alert/09_Money/091119.gold.m...
Steve Quayle again? Please.
Steve Quayle again? Please. Leave him to the space aliens. He's a kook's kook.
Jim Willie is at least entertaining. I subscribe to his monthly rants, but I consider what he says with high skepticism. He has a history of repeating unsubstantiated rumors. I haven't actually read his stuff in months. I'm wasting money on the subscription.
This reminds me....
I haven't seen the Mogambo Guru around the internet lately. Anybody know why?
Rumor has it,
he has gone into semi-retirement.
Rumor before that was that Agora was taking their sweet time renewing his contract.
My guess: He's fortifying the Mighty Mogambo Bunker (MMB) and loading the Great Mogambo Arsenal (GMA).
--------------------------------
"the only thing that keeps the banking system from failing is general ignorance about how the banking system works."
----------------------------
Yipeee!
I'm hoping to see silver really start moving this week too.
Metals still in upward flight
Metal Bid Ask
Gold $1,162.60 $1,163.60 up $15.80
Silver $18.70 $18.75 up $0.28
Platinum $1,455.80 $1,465.80 up $21.90
Palladium $365.00 $370.00 up $3.60
Updated:11/22/2009 8:11:44 PM CST
Canada Still can't account for some missing Gold.
To add fuel to the Gold spike, here is another recent article on Gold:
http://www.nationalpost.com/story.html?id=2253586&utm
beesting
World watching the dollar disintigrate.
Does this have something to do with getting healthcare to the senate floor? It shot up when the House voted for it. Sneaking it over the weekend does not work.
Very Perceptive
Now that you have linked the data points together I am sure that the folks an CNBC will talk about it tommorrow as though it was an original thought by themselves.
gold up $14.40: silver up $.26
Metal Bid Ask
Gold $1,161.20 $1,162.20 up $14.40
Silver $18.68 $18.73 up $0.26
Platinum $1,449.80 $1,459.80up $15.90
Palladium $363.60 $368.60 up $2.30
Updated:11/22/2009 7:04:05 PM CST
Here is a video of Jim Rickards
For those that haven't seen it. I'm sure those that read these gold posts would like it if they haven't.
Interesting what he says about the world economies and fed too:
http://www.youtube.com/watch?v=St7TF8q0T18
There is no worse tyranny than to force a man to pay for what he does not want merely because you think it would be good for him.
-Professor Bernardo de la Paz, The Moon is a Harsh Mistress
Robert A. Heinlein
History does not long entrust the care of freedom to the weak or the timid.
Dwight D. Eisenhower
what a spike
will be keeping an eye on it... just in time for nov. 22.
"The War Prayer - Mark Twain"
"The War Prayer - Mark Twain"
Here's an interesting read.....
about the gold standard...
http://www.lemetropolecafe.com/toulouse-lautrec_table.cfm?pi...
Bump: Gold/everything....going up..No inflation coming?
Metal Bid Ask
Gold $1,160.00 $1,161.00 up $13.20
Silver $18.66 $18.71 up $0.24
Platinum $1,451.80 $1,461.80 up $17.90
Palladium $363.40 $368.40 up $2.10
Updated:11/22/2009 6:28:08 PM CST
There was a guy who used to
There was a guy who used to be on DP... I think he might be back under a different account... anyhow, I remember last year all the time he constantly said gold was going to hit 1650... I suppose he soon may be right about that.
...
was it me by chance?
was it me by chance? sierrahpbt? :)
A prudent man foresees the difficulties ahead and prepares for them; the simpleton goes blindly on and suffers the consequences. Proverbs 22:3
Matthew 10:34 Think not that I am come to
send peace on earth: I came not to send peace,
but a sword.
A prudent man foresees the difficulties ahead and prepares for them; the simpleton goes blindly on and suffers the consequences. Proverbs 22:3
Matthew 10:34 Think not that I am come to
send peace on earth: I came not to send peace,
but a sword.
It was you
I'm sure of it.
It was you.....
if I recall.
;)
honestly I hope for a sell
honestly I hope for a sell off like we had in 08.. this time people will buy lower.. I hope to buy more on a sell off..
now study this.....
Jim’s Formula:
September 1, 2006
1) First interest rates rise affecting the drivers of the US economy, housing, but before that auto production goes from bull to a bear markets.
2)
This impacts many other industries and the jobs report. An economy is either rising at a rising rate or business activity is falling at an increasing rate. That is economic law 101. There is no such thing in any market as a Plateau of Prosperity or Cinderella - Goldilocks situations.
3) We have witnessed the Dow rise on economic news indicating deceleration of activity. This continues until major corporations announced poor earnings, making the Dow fall faster than it rose, moving it deeply into the red.
4) The formula economically is inherent in #2 which is lower economic activity equals lower profits.
5) Lower profits leads to lower Federal Tax revenues.
6) Lower Federal tax revenues in the face of increased Federal spending causes geometric, not arithmetic, rises in the US Federal Budget deficit. 7) This is also true for cities & States as it is for the Federal government.
The increased US Federal Budget deficit in the face of a US Trade Deficit increases the US Current Account Deficit.
8) The US Current Account Balance is the speedometer of the money exiting the US into world markets (deficit).
9) It is this deficit that must be met by incoming investment in the US in any form. It could be anything from businesses, equities to Treasury instruments. We are already seeing a fall off in the situation of developing nations carrying the spending habits of industrial nations; a contradiction in terms.
10) If the investment by non US entities fails to meet the exiting dollars by all means, then the US must turn within to finance the shortfall.
11) Assuming the US turns inside to finance all maturities, interest rates will rise with the long term rates moving fastest regardless of prevailing business conditions.
12) This will further contract business activity and start a downward spiral of unparalleled dimension because the size of US debt already issued is of unparalleled dimension.
Therefore as you get to #12 you are automatically right back at #1. This is an economic downward spiral.
I heard all this "slow business" as negative to gold talk in the 70s. It was totally wrong then. It will be exactly the same now.
A prudent man foresees the difficulties ahead and prepares for them; the simpleton goes blindly on and suffers the consequences. Proverbs 22:3
Matthew 10:34 Think not that I am come to
send peace on earth: I came not to send peace,
but a sword.
A prudent man foresees the difficulties ahead and prepares for them; the simpleton goes blindly on and suffers the consequences. Proverbs 22:3
Matthew 10:34 Think not that I am come to
send peace on earth: I came not to send peace,
but a sword.
Jim Sinclair
The poster was referring to Jim Sinclair who has been saying since gold was 300 in 2001 that gold will be at least 1650 in January 2011.
Everyone has laughed at him for the last 8 years.
He now says that the time line is accellerating and the volitility will be greater than expected. So he now thinks it will go much higher than 1650.
If you are into gold then you have to have http://jsmineset.com/ in your favorites list. Be sure to understand that he has been saying the same thing for years and now that everything is happening in the exact way he has said it would the site has become more terse. He is very much against any sort of timing or day trading with gold right now. Buy Hold - But he means buy when he told everyone to buy when it was 300. He did mention that standing on the sidelines now waiting for a pullback is risky - the pullback may never come.
He also thinks junior mining companies are good from an investment perspective.
That was me...JK
For Freedom!
For Freedom!
STUGOTS! To the high and felutent establishment!
Paultian Powerhouse!
It's probably a reaction to this news release;
*
The manufacture of fake gold bars goes back years and, because of this, it is not likely that the originator of this scheme will ever be revealed or brought to justice. Meanwhile the world is just beginning to learn that much of its national reserves of gold may be fake. If more testing reveals that this gold was guaranteed by Fort Knox and the US Treasury then perhaps they will demand an exchange for "real" gold -- wouldn't you?
This is all happening at a time when the US economy is at its lowest and most vulnerable. The effects could be devastating.
http://www.viewzone.com/fakegold.html
Couldn't happen on a better day:
End the Fed, 22 November 2009.
beesting
Not Proven Yet
There is only one published source for this story (Rob Kirby posted on goldseek.com) .
There were only a few bars found - and even that is rumor - or purposely supressed for obvious reasons.
To jump from a few fakes to all of fort knox is fake bars is a big leap.
One article using un-named sources - that is all this story is for now.
Since Rob Kirby posted the first story several followups from other gold experts have been written and I will oversimplify the general consessus of those articles....
The tungsten bars is probably a really small story and not a big deal other than the panic it is causing for all USA sourced gold bars in the general marketplace.
For the story to work at the level implied would mean that the Clinton Treasury Secretary and Greenspan and the very highest echelon would have to be in on it. And that seems improbable. It is interesting that the facts all line up - however - to make sense for the physical over abundance that gata.org has pointed out appears to have come from nowhere since the late 1990s. ie. the evidence makes sense - but still highly improbable.