0 votes

Lieberman is an IDIOT! legislation to regulate how much oil,gold, and silver you may purchase!

the idiots in CONgress are at it again!

Account - Renewals | Free E-mail List | Preview | Subscribe | Forgot Password?

Gold Forecaster Weekly E-Mail Snippet

Laws Against Buying Oil – Gold & Silver?
By: Julian D. W. Phillips, Gold/Silver Forecaster - Global Watch

GoldForecaster.com | 27th May 2008

Part 1

The chairman of a Senate oversight committee, Joseph Lieberman, has said he is considering legislation to place limits on large institutional investors in commodities markets, which have posted record prices this year in agricultural products and oil. The chairman of the Senate Homeland Security and Government Affairs Committee said that the legislation would be aimed at speculators and other investors who use commodities as a way to hedge against swings in other investment instruments like stocks and the dollar.

For some months now we have been warning of such controls and including the potential for such legislation as mentioned here. We have been a lone voice on this, but now the prospect is right up in front of us. Many long-term investors have seen oil and food as a way of retaining or increasing value in their portfolios, but the spreading food crises have shown the ugly side of such market moves. What we want to do in the first part of this two-part piece is to ask: If they are imposed what will be the consequences to the global monetary system and their effect on gold and silver and their prices?

Legislation Preventing ‘Investment’ Buying of Oil

The oil price is around $130 a barrel now having doubled in the last year. At this rate the $4+ a gallon-days will reach us soon. Everyone is being badly affected. It is clear from the market fundamentals that the future demand for oil will inexorably rise, whereas supply looks to be overtaken within the next couple of years. This situation is here to stay. So why should the oil price come down except to give us a better opportunity to buy more at a cheaper price? OPEC has little interest in seeing more supplies come to the market as they see the investment and speculative buying as the real driver of the oil price.

So the pressure is on the politicians of the world to do something to help their own constituents. “Controls” are the first option they have at their fingertips. We do expect this legislation to come in some form, if the oil price does not pull back to the $100 level, by itself and soon.

U.S. versus the Global Scene

For the purposes of this article, let us assume that these laws will be passed in the U.S. They will have to come with some form of buyer ‘vetting’. Genuine distributors to the consumer will get oil, non-consumers will get none, or limited amounts? Should this happen, the oil price is then likely to tumble back to the point where the price reflects the present supply and consumer demand…or will it?

After all, this is a global problem and there is nothing to stop a U.S. investor from shipping out their money to a jurisdiction where such restrictive laws are not in place. Then he can go back into oil? Will U.S. investors follow Warren Buffet and actually look overseas for investments in foreign lands? We think the imposition of such laws will trigger what will grow into a financial evolution to real global investing. After all, should investment be governed by national priorities? Politicians will argue, yes, but investors [such as those with production facilities in China] will argue no. It will take more far-reaching controls to give politicians the upper hand?

But U.S. politicians can only control U.S. citizens, so to control non-U.S. investors will take the cooperation of other nation’s legislatures, something even the United Nations struggles with? Unless the U.S. imposes Capital Controls on such investors to prevent moving funds to such jurisdictions, the legislation will be ineffective. But if these measures are seen as imperative, Capital Controls will have to come too.

In the second and final part of this article we will look at the relationship between oil and gold [and silver] plus the effects on other markets – currencies, stocks capital markets. This is an important article because we are very close to these controls being imposed, and not just in the U.S. We need to know why and what will happen outside the U.S. too.

Are you and your investments effectively structured to avoid the pernicious effects of Capital and Exchange Controls? Subscribers, contact us for our help concerning these controls: gold-authenticmoney@iafrica.com

This is just a snippet from the most recent issue from our weekly newsletter:

For the entire report, please visit www.GoldForecaster.com

--------------------------------------------------------------------------------

Legal Notice / Disclaimer

This document is not and should not be construed as an offer to sell or the solicitation of an offer to purchase or subscribe for any investment. Gold Forecaster - Global Watch / Julian D. W. Phillips / Peter Spina, have based this document on information obtained from sources it believes to be reliable but which it has not independently verified; Gold Forecaster - Global Watch / Julian D. W. Phillips / Peter Spina make no guarantee, representation or warranty and accepts no responsibility or liability as to its accuracy or completeness. Expressions of opinion are those of Gold Forecaster - Global Watch / Julian D. W. Phillips / Peter Spina only and are subject to change without notice. Gold Forecaster - Global Watch / Julian D. W. Phillips / Peter Spina assume no warranty, liability or guarantee for the current relevance, correctness or completeness of any information provided within this Report and will not be held liable for the consequence of reliance upon any opinion or statement contained herein or any omission. Furthermore, we assume no liability for any direct or indirect loss or damage or, in particular, for lost profit, which you may incur as a result of the use and existence of the information, provided within this Report.

--------------------------------------------------------------------------------

-- Posted Wednesday, 28 May 2008

Previous Articles by Julian D. W. Phillips, Gold/Silver Forecaster - Global Watch

--------------------------------------------------------------------------------

- Subscriber Login -

Username: Password:
Account - Renewals | Forgot Password?

3 - Month Trial : $99 - SPECIAL (limited time offer!)
1 - Year: $349 (less than $7 a week!)
All 1-year subscribers will receive a complimentary 2005 one-ounce silver eagle.

6 - Months: $189 (less than $8 a week)

All major forms of payment accepted. Contact us to pay using a non-listed payment method.

Call Toll Free: 1-866-447-8219

Customer Testimonials:

"I live in Thailand and recently had subcribed to your Newsletter, which I think is one of the best gold newsletter in the market. The report has provided me with very good analysis not only on Gold related issue but also on many important issues involving around today world economy and showed me many good opportunities in the gold market." - T. S. • Thailand

"I have come to anticipate & looking forward to your weekly updates."- Eric M. • USA

"Your work is very valuable to anyone who has an interest in gold and currency matters." - Roger H. • South Africa

"I recieve many similar reports similar to your, but I'm coming to believe yours is one of the very best! Well done." - Hugh C. • Canadian Silver Co.

"Your feel for the technical movements is superb! I have protected potential loses using your analysis and have discovered new gems in the gold sector! In a few weeks, my yearly subscription has paid itself off plus more!!" - Rob D. • USA

"Thank you for such a comprehensive service." - Stephan A. • Germany

"I have not come across such a service presenting the entire global perspective. It is ever so much welcome! I also enjoy the technical work. Helps make more prudent choices." - John T. • USA

Gold Forecaster - Global Watch: U.S. Office
8420 S. Continental Divide Rd.
Suite #221
Littleton, CO. 80127

Call Toll Free: 1-866-447-8219

Legal Notice / Disclaimer
This document is not and should not be construed as an offer to sell or the solicitation of an offer to purchase or subscribe for any investment. Gold Forecaster - Global Watch / Julian D. W. Phillips / Peter Spina, have based this document on information obtained from sources it believes to be reliable but which it has not independently verified; Gold Forecaster - Global Watch / Julian D. W. Phillips / Peter Spina make no guarantee, representation or warranty and accepts no responsibility or liability as to its accuracy or completeness. Expressions of opinion are those of Gold Forecaster - Global Watch / Julian D. W. Phillips / Peter Spina only and are subject to change without notice. Gold Forecaster - Global Watch / Julian D. W. Phillips / Peter Spina assume no warranty, liability or guarantee for the current relevance, correctness or completeness of any information provided within this Report and will not be held liable for the consequence of reliance upon any opinion or statement contained herein or any omission. Furthermore, we assume no liability for any direct or indirect loss or damage or, in particular, for lost profit, which you may incur as a result of the use and existence of the information, provided within this Report.

Disclosure
The owner, editor, writer and publisher and their associates are not responsible for errors or omissions. The author of this report is not a registered financial advisor. Readers should not view this material as offering investment related advice. Authors have taken precautions to ensure accuracy of information provided. Information collected and presented are from what is perceived as reliable sources, but since the information source(s) are beyond our control, no representation or guarantee is made that it is complete or accurate. The reader accepts information on the condition that errors or omissions shall not be made the basis for any claim, demand or cause for action. Past results are not necessarily indicative of future results. Any statements non-factual in nature constitute only current opinions, which are subject to change. The information presented in stock reports are not a specific buy or sell recommendation and is presented solely for informational purposes only. The author/publisher may or may not have a position in the securities and/or options relating thereto, & may make purchases and/or sales of these securities relating thereto from time to time in the open market or otherwise outside of the trading timeframe listed above. Nothing contained herein constitutes a representation by the publisher, nor a solicitation for the purchase or sale of securities & therefore information, nor opinions expressed, shall be construed as a solicitation to buy or sell any stock, futures or options contract mentioned herein. Investors are advised to obtain the advice of a qualified financial & investment advisor before entering any financial transaction.

To Unsubscribe, please click here.



Trending on the Web

Comment viewing options

Select your preferred way to display the comments and click "Save settings" to activate your changes.

Golly....

...aren't you glad HE'S not the vice president!!!???!!!!
and, did it take this proposal to make you realize he's an idiot? I sure hope not! Just another lawyer in Washington that should be wearing leg irons....
------------------
BC
If you're not outraged, you're not paying attention!

------------------
BC
Silence isn't always golden....sometimes it's yellow.

"The liberties of a people never were, nor ever will be, secure, when the transactions of their rulers may be concealed from them." - Patrick Henry

Speculation on oil futures has driven up prices

and should be stopped or at least regulated. They are saying as much as 1/3 of the price of a barrel is from speculation not demand vs. supply. I tend to agree that Oil futures speculation should be regulated. It would be like speculating on insulin, increasing prices so that users wouldn't be able to afford it anymore.

RP R3VOLution

not quite....

the speculators are PART of the problem, true. The way I see things, the price of oil hasn't changed much...the COST of oil is way up!! why? the USdollar isn't worth very much! Sorta like pre-war Germany when a wheelbarrow full of money would buy a loaf of bread...maybe. It just takes a ton of worthless American currency to buy a barrel of oil.
RP is telling us to get away from the "petro-dollar" that we've become, and go back to the gold/silver standard...that way, the "true market value" of any commodity will find its own level.
------------------
BC
If you're not outraged, you're not paying attention!

------------------
BC
Silence isn't always golden....sometimes it's yellow.

"The liberties of a people never were, nor ever will be, secure, when the transactions of their rulers may be concealed from them." - Patrick Henry

thats a crock of BS! you

thats a crock of BS! you enjoy getting brainwashed by msnbc and others don't you! Ron Paul stands for free markets.. NO GOVERNMENT REGULATION! How the hell did you find yourself to this website! GET the facts! the price of oil is bought and paid for with US DOLLARS! US DOLLARS ARE DEVALUING BECAUSE OF THE FED POLICY OF INFLATING THE MONEY SUPPLY! thus oil costs more! WAKE UP!
what you have just proposed is socialism! ALSO THE DEMAND FOR OIL IS AT AN ALL TIME HIGH! CHINA AND INDIA ARE PURCHASING LARGE AMOUNTS OF OIL! 3 billion people in those 2 countries vs 300 million here and what 700 hundred million in europe? and you say its not from supply and demand? the blame falls on the FEDERAL RESERVE!
AND A CORRUPT GOVERNMENT THAT SPENDS MONEY ON WAREFARE AND WELFARE! speculators... give me a friggin break!
you keep believing everything those idiots on the tv tell you!

the senator from tel aviv

is a traitor.look at his voting record.

yep he sucks! as for me and

yep he sucks!

as for me and my home, we shall worship the LORD