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Jim Willie: Central Bank Gold Rehypothecation Scandal to Take Gold to $5,000/oz

November 1, 2012 By The Doc

By Jim Willie, GoldenJackass.com

  • The battle is on for delivery and verification for official gold accounts
  • Evidence grows that much of it is gone, and when demanded, replaced with urgency
  • It is soon to transform into a global gold war
  • The German Government gold demand to the London and NY City bankers represents a big escalation in the gold war
  • The central bank coordinated QE to Infinity has brought questions of gold account location and integrity
  • The Allocated Gold Account scandal is a natural event to follow the LIBOR banker scandal
  • QE3 will assure a gold rise past the $2,000 mark, but the new scandal will take the gold price to $5,000
  • The powerful gold factors are aligned and in place, led by permanent ZIRP and unlimited QE

A nasty Golden Harp could soon have its cords plucked, with the resonance working to shake loose the bankster cover of improper illicit duplicitous and probably highly illegal usage of Allocated Gold Accounts.

When diverse scattered accounts are pilfered and depleted without authorization in Switzerland, resulting in several multi-$billion class action lawsuits in Zurich, all kept dutifully out of the news, that is one thing. But when a few key official government gold accounts are ransacked in systematic fashion from established trusted locations, defying and betraying the trust of the German Government and other national governments, that is quite another.

To be sure, the system can tolerate ransacking and replacing with scurried harried efforts the Venezuelan gold account, like in 2011. The media told the story with creativity and aplomb, avoiding the truth, inventing a tale, but finding a credible pile of dung to feed the public, which swallowed it whole. The global monetary war has been raging for four years, ever since the Lehman Brothers firm was targeted and destroyed with planning and motivated execution, for the benefit of Goldman Sachs full CDS redemptions and exploit by JPMorgan in war chest reload under cover of bankruptcy court orders.

The media prefers regularly to refer to the global financial crisis incorrectly and improperly. A crisis passes after a year or so. This war lingers like WWI and WW2 and Vietnam, with a clear emerging agenda to defend the USDollar regime from global isolation shun, to conceal the USTreasury Bond support mechanisms in derivatives, to avoid the US banking system from grotesque insolvency but kept afloat by grand money laundering channels, and to motivate an endless war to secure resource thefts and control that center on oil fields and the poppy fields. Witness the slow gradual inexorable collapse of the global monetary and financial system.

Continue: http://www.silverdoctors.com/jim-willie-central-bank-gold-re...

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SteveMT's picture

Printing money does not create growth.

Printing money only creates inflation and devalues the currency.
Gold is money. Central banks buy it with fiat currency, and then they print even more fiat to make up the difference. What does that tell you?

Gold is money.Central banks

Gold is money.

Central banks buy gold.

Steve, why should the individual use what central banks "buy," are hording and probably will dispense to people worldwide? How could that benefit the individual?

And do you have a problem with people transacting with currencies they create or want to use if they want to use a currency?

School's fine. Just don't let it get in the way of thinking. -Me

Study nature, not books. -Walton F. Dutton

The real price of gold

The real price of gold currently should be well above $2,000/oz.

Check out the gold anti-trust action committee: http://www.gata.org/

They have isolated numerous instances of suppression of the natural price of gold, mostly by banking cartels with governmental coordination.

Gold is the enemy of Fiat money; gold is a true indicator of the value of currency. If gold goes to $5,000+/oz (which is probably more towards where it should be now), it would just go to show how valueless the U.S dollar is, being the reserve currency of the world. What a joke.

what are you basing that off

what are you basing that off of? The $5000 number? MOst people I've listened to all said that will take 2 - 3 years, and they see $2,000 + by the end of the quarter... down today, must be anticipation form the election.

Obama gets elected, Gold will sky rocket due to uncertainty. Romney gets elected, gold will continue to go down, but then once his policies which are not different than Obama other than rhetoric, it will steadily rise again. my guess anyway.

Their motto is "Dont Tread On Me"...

Thanks for the post Bob. This

Thanks for the post Bob. This seems to expose the trolls.

dumb article, I'm tired of

dumb article, I'm tired of "this or that to take gold to $5000/oz", is the same shiat like "Iran about to become nuclear in few months".

you need to study a little

you need to study a little before you post a comment like that.

Remember when Dr Paul asked Ben Bernake,

"is gold money"? As I recall, Bernake answered, "No". We now see he never fully answered the question, the complete answer should have been, "No not anymore, there is no gold left, congressman". LOL

this guy is the broken record

this guy is the broken record of the century

Ventura 2012

really? tell me how?

really? tell me how?

Why do you need someone to

Why do you need someone to tell you gold is going to $5000 every week for 4 years and that every little thing will trigger it?

Ventura 2012

back up your claim. Why is

back up your claim. Why is Sinclair a broken record. If you would look at his record you would see the guy is spot on. Who else did you know who came out in 2000 and said Gold would trade at 1600.00 an ounce on January 1st 2010. and miss it by 6 months? Then go back and read what he said about gold in 1980. Unfortunetly some people do need to be reminded. This article just adds another log to the fire.

Lots of gold bugs have called

Lots of gold bugs have called gold going up. Jim Willie is like the CNBC of gold bugs, attributing every little change in the market some massive effect in the gold price.

Ventura 2012

Endless doom and gloom

"If stock market experts were so expert, they would be buying stock, [or gold] not selling advice" - Norman Augustine

another dumb comment. I

another dumb comment. I really thought people on the daily paul understood economics. OK doom and gloom... lmao.. You didn't even read the article did you? just glanced over it? what is so doom and gloom about Gold going to 5200.00 because it is in demand? Unless of course you are mad because you did not buy it when Sinclair told every one that the price was going to 1600.00 an ounce 10 years before it did and only missed the day by 6 months. But hey don't listen to him now.. just come back on here when he talks about gold at 7k or 10k and bitch, moan and groan again because you didn't listen to him and buy it cheap.

This report supports the

This report supports the argument against gold. It shows gold's value is not up to you, Mr. Individual or Ms. Individual. Yet AGAIN we are seeing a reason centrality currency, gold here, just doesn't work.

Abstract thinking exercise, guys: What is the sense, the point, of putting your attention, your mind, to something outside you and who you want to transact with?

Extension of that exercise: Where does freedom come from -- inside (read: the individual) or outside (read: something besides the individual)?

Whatever thing used in transaction to referee that transaction should come from the people in the transaction. If a mandated currency, ESPECIALLY one outside our government, enters a person's life, to the degree he uses it is the degree he is a re-actor to it, the degree he is dependent on it.

Mr. DPer and Ms. DPer, you always -- always -- will have NO say in gold's value: You always -- always -- will be subject to those who assign its value. Gold isn't the issue, really, the issue is "Centrality's Currency." Today gold is centrality's currency. Tomorrow something other than gold is centrality's currency. Avoid centrality's currency.

EDIT: I should say, Avoid centrality's currency that brings the United States into world governance. Let Americans focus on America/the US. Let's strengthen our dollar. From there, we can route out evil in our government, because saying government is bad dismisses what caused our government and what caused it to take on the activities that it has, activities that oppress the individual. I disbelieve government is bad, but I do believe today's US government is bad.

School's fine. Just don't let it get in the way of thinking. -Me

Study nature, not books. -Walton F. Dutton

you do not know what you are

you do not know what you are talking about.

Competing currencies in the market can provide sound money.

The gold Byaant was used for 800 years.

The Silver Spanish Dollar was used for 500 years.

No Fiat money has lasted more the 40 years.

I always have a say in gold's value. If you offer me a gold ounce for my goods, I can accept your offer or not.

Free includes debt-free!

I try to keep

a cool head, but QE to infinity IMO is nightmarishly dangerous.

Will have to do my best while seeking solutions

I wonder how long before the $1700/oz gold of today...

...starts looking like the $300/oz gold of yesterday.

I'm still kicking myself for not buying it several years ago when it seemed like $300/oz was WAY too expensive!

"We have allowed our nation to be over-taxed, over-regulated, and overrun by bureaucrats. The founders would be ashamed of us for what we are putting up with."
-Ron Paul

Hi, pawn,Based on what you

Hi, pawn,

Based on what you said, "I'm kicking myself for not buying [gold] several years ago when it seemed like $300/oz was WAY too expensive," I'm wondering what you think about what I wrote above and about this compound question:

Should freedom exist in the life of the individual when he does X yesterday instead of today or does X today instead of tomorrow, and should the amount of freedom depend on when that doing is?

Further, where does X originate from: the individual or not the individual?

Hint: If X originates from the former location, the individual, then the individual decides his fate, he is creator of his life, he is free, he made himself free. If the latter location is where X is from, freedom arrives to him, freedom is given to him, evidence that he wasn't free, that he was subject to what put freedom in his life, to what made him free.

School's fine. Just don't let it get in the way of thinking. -Me

Study nature, not books. -Walton F. Dutton

lmao.. reread my comment to

lmao.. reread my comment to you above.

To reply in kind, Sierra,

To reply in kind, Sierra, what you write isn't worth my time because what you write is inflammatory. You, Sierra, love to attack people, most of which is mocking people. Other than answering some of your comments in this thread, I won't reply to you on the DP again. (This reply of mine is my last one to you, Sierra.) Therefore, you'd be rational to avoid replying to me. I had to write you because you and I haven't talked before. So, take care and do not reply to what I write. Thanks.

School's fine. Just don't let it get in the way of thinking. -Me

Study nature, not books. -Walton F. Dutton

oh I will reply.. see this is

oh I will reply.. see this is the type of a reply you get from people who are on this site to spread disinfo and can not come back with an answer. The people I attack are those who are trolls. People who speak on a subject trying to spread a lie or disinfo. Ofcourse you can not come back and prove to me I'm wrong. Why? because you know I am not.

The amount of freedom that individual has at any given point...

...ABSOLUTELY depends upon when that individual did X.

For example: If at some point I decide to save for retirement so that someday I'll have the FREEDOM to retire, then there are 2 things which determine the AMOUNT of freedom I'll have someday: When I BEGIN to save and what I DO with that savings.

I know for certain that I would heve more freedom today if I had invested in gold 10 years ago, because my investment would have more than quintipled.

That's why they say don't wait to buy gold - buy gold an wait.

"We have allowed our nation to be over-taxed, over-regulated, and overrun by bureaucrats. The founders would be ashamed of us for what we are putting up with."
-Ron Paul

*shakes head side to side

*shakes head side to side sadly*

Then you believe freedom is given to the individual. Without you saying it, what you said described the individual is secondary in his life, that he is dependent on someone making him free. Your answer means freedom is not inherent and not transcendental (in time, say, from past to present).

You summed this description when you said:

"That's why [I] say don't wait to buy gold -- buy gold and wait."

Your mind (still?) is attuned to outside-inside functioning instead of inside-outside functioning. The former is slavery. The latter is freedom. pawn, your answer bums and disappoints me.

School's fine. Just don't let it get in the way of thinking. -Me

Study nature, not books. -Walton F. Dutton

I shouldn't have wasted time answering your question.

I was talking about your financial freedom - not your God-given birthright freedom. That's already implied.

But in this world (especially this country), your freedom to live your life as you most wish to depends on your individual prosperity.

No money equals no place to live. So how much freedom does a homeless person have?

You asked some weird type of question which had nothing to do with my post or the original post for that matter (which was regarding gold).

My dumbass mistake was taking the time to try to answer it.

"We have allowed our nation to be over-taxed, over-regulated, and overrun by bureaucrats. The founders would be ashamed of us for what we are putting up with."
-Ron Paul

pawn, reread what I said. In

pawn, reread what I said.

In some of your sentences, you agree with me. One of your other sentences conflicts your agreement with me and what you said.

You almost comprehend what I said. I too was talking about freedom. I made no distinction between, as you said, "financial freedom" and any other freedom. Despite that I loathe appealing to authority but that I feel it appropriate here because it's relevant to the cause of this website, Ron Paul, I'll say this, I'll make this appeal: Ron Paul in his books, his last two coming to mind (Liberty Defined and Revolution), says to avoid separating financial liberty and other liberty types. Why? Because there is no such thing as types of liberty. To know categories in liberty exist is fine. That would be distinction. But to behave as though one doesn't affect the other is short sighted, pawn. How you, pawn, and every human on Earth is in disruption is because of currency valuation is done from outside the individual and, worse, from a centrality. Remember: Control money, all else is controlled to the degree it uses the money. Eventually, control becomes thorough.

pawn, before you reply here, please, reread what I said. I think if you take time to think about what I said, you'll understand gold is as anything else is, a thing used to give to someone for a good or service. It's an instrument, a measurement, of value from one person to who accepts it which in this case is gold, what we're talking about. That's the beauty about logic: It enables viewing something for what it is, primarily for its function which the individual, the subject, determines. The value of something comes from the individual, just as you, pawn, from your perspective in a transaction are the subject applying value to what it is you would transact.

What I wrote above and here does require thinking for the average DPer. I consider you a notch above the average DPer. But perhaps I'm mistaken because you mocked me -- "weird type" -- and insulted me by insulting yourself, "dumbass mistake." The last thing you should think about me, pawn, is that I'm dumb.

I hope to talk with you later, when you're respectful. Take care.

School's fine. Just don't let it get in the way of thinking. -Me

Study nature, not books. -Walton F. Dutton

I don't own much. I have a

I don't own much. I have a tin shack in the woods. Cats, dogs, deer, turkey,ect. I am not proud of my conditions, but VERY proud that I answer to no one but my creator. Life has NEVER been about money, its about living with yourself. Perhaps that is why you can't answer the question. You cant comprehend the concept?

Thank you, Clay. *hat tip*

Thank you, Clay. *hat tip*

School's fine. Just don't let it get in the way of thinking. -Me

Study nature, not books. -Walton F. Dutton