Massive gold run underway...
Best comment to the article...
"Just imagine what it will be like when it isn't ammo or gold but wheat or milk that you have to wait two months to purchase."
“Let it not be said that no one cared, that no one objected once it’s realized that our liberties and wealth are in jeopardy.”
― Ron Paul
The market is deflating the bubble, slow but sure.
When it falls below 100 kilotonnes it will be time to End the Fed.
How do I do that cool embed thing?
Free includes debt-free!
US Nation Debt Priced in Gold Immaculately created. Legally tendered.
HTML: <a href="http://pricedingold.com/2012/08/29/us-federal-debt/"><img height=300 align=left src="http://pricedingold.com/charts/USFederalDebt-1900.png">
Disclaimer: Mark Twain (1835-1910-To be continued) is unlicensed. His river pilot's license went delinquent in 1862. Caution advised. Daily Paul ☑
I find it hard to tell what the real tale is. Not many data points to go on.
If Congress hadn't been irresponsible for 174 years. But that's it nature. Even the 50 kilotonnes of 1980 seems excessive given the likely trendlines.
Of course, Andrew Jackson had the right idea regarding central banks and national debt. One silver dollar per 400 citizens was pretty good. Zero debt would be better.
Sadly we have never had a US Treasury except in name. The US never had a Treasure, we just pretended to, and continue to fool ourselves. Congress finds that useful I suppose.
Cyprus was a GAME CHANGER. The demand for precious metals will NOT cease. The production will NEVER again be able to keep up with demand.
Cyprus was the template to what is going to happen all over the world...and now the world knows it. Remember Ann Barnhardt's rant last year about confiscations and the decision by the 6th Circuit Court? The court ruled that account holders can lose their money in the blink of an eye. With a quadrillion in derivatives, why anyone would have money in the banks is beyond me. I barely keep enough in to pay bills....nothing more.
like Ann said..."What part of 'get the hell out' do you not understand?
I seriously doubt that this is a negative for JPM. It's likely the result of some past or future manipulation on their part.
I must be willing to give up what I am in order to become what I will be. Albert Einstein
I do think something is happening. But never underestimate the power of the central banksters, their cronies, and accomplice, rotting Congress. I wouldn't be too surprised to see other attempts at smashing or slowing down the PMs' readjustment of value vs. the fiat money Ponzi scheme.
Granted, I really have NO idea how they could even manage to continue doing so... much longer. We're quite a bit past November 2008, by now:
"Cyril" pronounced "see real". I code stuff.
"To study and not think is a waste. To think and not study is dangerous." -- Confucius
I don't dismiss the possibility of them changing our currency to one based on gold once again. And with our apathy - constantly saying it'll crash but not discussing exactly how - we won't be ready. When this new currency is rolled out, those with the gold will be right back in charge. Holding a dozen ounces won't do squat in the face of bankers and dictatorships that are holding hundreds of tons each.
We need more refinement on our plans!
I wonder if this gold run is going to be the catalyst that reveals that "the emperor has no clothes". You're right that central bankers are very good at "extend and pretend" though so I guess only time will tell.
How much will creditors pay to recover 200 kilotonnes of Gold? A 100 kilotonne cut for the repo man.
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