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It's deceptive.
Ron Paul's Convention Speech
Ron Paul's Convention Speech
Duh! They want the gold and silver
Gold and Silder are real money. If you want people to accept your funny money you cannot allow them to have gold and silver. I believe they are being manipulated downwards so people will sell them. I personally will never sell what I have even if it's considered to be worthless by them. Not because I love it but because they love it. They love it because if they hold it an do not sell it it gives them power. The only way for the common man to have power is to hold Gold and Silver in their hands. If you sell your Gold and Silver they will buy it and you will be a slave.
Gold Is Not A Commodity, It's A Currency
The Comex is not just gold....it's a commodities exchange. It could be only 5% gold. It also includes silver, coffee, wheat, corn, etc. Get it? Gold shouldn't even be in the comex.
THE COMEX NUMBERS DO NOT REFLECT VALUE OF GOLD.
Deb
Deb
Gold is a commodity
I am not sure what you mean, maybe as Comex values it, it is only a currency. However, gold is used in healthcare and industry in a variety of applications that ONLY gold works for.
We have gotten so far removed from our industry and manufacturing that we have forgotten how "precious metals" came to be held as precious. They have intrinsic value - if SHTF today, I can use my FRN to wipe my butt or start my fire. I can use gold as currency, as you noted. Or I can fill my own tooth with it. Or I can hammer it thin as can be, and use it as a protective coat over anything I need to preserve. For me personally, silver has more intrinsic value.
Truth exists, and it deserves to be cherished.
Funny you should mention that...
...over here in England, I went to the local pawnbrokers yesterday and saw a pretty good collection of bullion coins. The best deal was a 15.75 gram coin for £225.
http://www.mises.org/Books/mysteryofbanking.pdf
Would you trade your liberty for a flying car?
http://www.youtube.com/watch?v=IsFfBB2W7IA
Zeitgeist part 3: http://www2.b3ta.com/mind-control/
Good buy
What, that's roughly $780/oz?
What kind of coin was it?
___________
Lisa C.
Boston Tea Party
"Time to Party Like It's 1773!"
Charles Jay 2008.
Ron Paul "Sign Wave Across the USA" -- November 5th!
Funnily enough, it wasn't a soverign.
Possibly French? All the other coins were soverigns from the Royal Mint. If you go to the Royal Mint website, their prices are much higher.
I was sorely tempted to max out my credit card and buy up the whole display case. But then the interest rate on my card would probably negate any speculative gains. So I thought better of it.
http://www.mises.org/Books/mysteryofbanking.pdf
Would you trade your liberty for a flying car?
http://www.youtube.com/watch?v=IsFfBB2W7IA
Zeitgeist part 3: http://www2.b3ta.com/mind-control/
Why the fall in the gold price ?
Contrasting views on the reasons for yesterday’s gold price fall come from Mineweb’s Barry Sergeant and from Jeff Nichols of American Precious Metals Advisors, and both are almost certainly relevant at the current time.
Author: Lawrence Williams
Posted: Friday , 17 Oct 2008
http://www.mineweb.com/mineweb/view/mineweb/en/page33?oid=70...
Freedom brings People together
Ron Paul was right
For what it's worth...
From: LeMetropole Cafe
Thebulliondesk.com said
"Gold remained supported until around an hour into the US session when the market was saturated by an aggressive fund sell order, with some 12,000-lots causing gold to drop $40 in a matter of minutes. After an initial dip to $794.60 gold stabilized around $800, however the metal was hit by another bout of selling around 90-minutes later, pushing the metal to the days low of $785.55. Bargain hunters enabled gold to close out back above $800…”
UBS, remarking that mindless liquidation characterized many commodity markets yesterday, added:
Safe haven buying of gold continues with our own sales desks reporting buy / sell ratios of about 85 / 15 yesterday. Yet gold was sold aggressively on the electronic futures markets, with two clips of about 6000 lots swept lower. Gold sold off down from about $835 to $820 and then took another leg lower as the second load was dumped.
Perhaps some heroic profit-motivated actor did have the courage to sell the equivalent of 37.3 tonnes of gold “aggressively” to break the market’s morale, but in such stressed times generally it strains credibility.
Today, Asia ignored the hint and had world gold up $10 (doubtless under Indian influence) by the time Europe entered; after that gold was under unrelenting pressure, particularly after the NY open: estimated volume was 51,037 lots by 9am. Comex was down $34.30 by mid morning afterwards limping up to close down $16.80. An estimated 108,467 lots traded.
While the perpetrators of the event, private or official, no doubt went home very pleased with themselves this weekend, in reality judging, by the premiums, they have merely put themselves between the Cobra’s jaws. Driving world gold into high premium territory in the middle of the main Indian buying season can only have one result."
___________
Lisa C.
Boston Tea Party
"Time to Party Like It's 1773!"
Charles Jay 2008.
Ron Paul "Sign Wave Across the USA" -- November 5th!
hmmm...
very interesting...
O Captain, My Captain, rise up and hear the bells!
its 'cos I owe ya, my young friend...
Rockin' the FREE world in Tennessee since 1957!
\\\\it is also options
\\\\it is also options expiration time!
"When governments fear the people there is liberty. When the people fear the government there is tyranny."
-Thomas Jefferson
I am more concerned about the return of my money than the return on my money. --Mark Twain
“A prudent man foreseeth the evil, and hideth himself: but the simple pass on, and are punished.” (Prov. 22:3; 27:12 KJV)
Hey McCain-----┌П┐(◣_◢)┌П┐
This stuff is hard to manage even when you've known it's coming
so I know exactly how you all are feeling. It is mind-numbing to consider how far we have fallen--and really how quickly when you think about it. Yes, I've said for many years now--walking among "pods". I'm giving away my age now, but if you've seen "Invasion of the Body Snatchers", you'll know what I'm getting at...
Jim Sinclair makes a good point
Who owns the world's gold?
GOVERNMENTS AND INTERNATIONAL BANKERS
Therefore, the so-called "enemies" of gold today will eventually be the ones who profit very handsomely when the inflation sets in and gold goes to the moon.
What you are seeing right now is politically-motivated intervention for the upcoming election.
Every financial guru out there knows gold is going to at least $1500, probably much higher. It takes time though. We are still in the early stages of the economic dislocations from this crisis.
first they drove down silver...
now, they drive down gold...oil is down...the "fix" is in...
hold on to your shorts...
O Captain, My Captain, rise up and hear the bells!
its 'cos I owe ya, my young friend...
Rockin' the FREE world in Tennessee since 1957!
Forget short-term trends.
Forget short-term trends. The markets are extremely volatile right now. I wouldn't be surprised to see gold/other commodities drift up and down. The key is the long-term trend. In this case, it appears that gold and other commods will in fact be seeing a rise in their prices.
"My theories explain, but cannot slow the decline of a great civilization. I set out to be a reformer, but only became the historian of decline."
- Ludwig Von Mises
"My theories explain, but cannot slow the decline of a great civilization. I set out to be a reformer, but only became the historian of decline."
- Ludwig Von Mises
seems to me
oil and gold go in the same direction. but i haven't followed them enough to know if this is always or often true. just lately that has been the case.
Centralbanks are selling gold
to keep the money from taking refuge in gold. IMHO the gold and silvermarket is subject to manipulations of this kínd sinece more than a year.
Freedom brings People together
Ron Paul was right
it could also be
that banks/financial institutions try to raise cash in desperation therefore sell gold.
http://www.votenader.org/blog/2008/09/10/statement-to-ron-pa...
http://www.flickr.com/photos/57925480@N00/2660779139/sizes/l/
Website:
http://www.libertypoet.com/
Twitter:
http://twitter.com/LibertyPoet
"How can we justify to the unemployed and underemployed in the United States the incredible cost of maintaining a global empire?" - Dr. Ron Paul
actually its the opposite..
actually its the opposite.. they are now keeping what they have. look at the german banks! hedge funds are liquidating ... isn't it funny how silver and gold are scarce but yet the price (paper spot) keeps coming down.. the banks are fuc%8& with us again! soon it will be over tho!
"When governments fear the people there is liberty. When the people fear the government there is tyranny."
-Thomas Jefferson
I am more concerned about the return of my money than the return on my money. --Mark Twain
“A prudent man foreseeth the evil, and hideth himself: but the simple pass on, and are punished.” (Prov. 22:3; 27:12 KJV)
Hey McCain-----┌П┐(◣_◢)┌П┐
I partly agree
maybe they liquidate 'paper gold' to pressure the 'paper spot'. Yet that is the prize most people are looking for and it spoils the reputation of gold as an investment.
Freedom brings People together
Ron Paul was right
that is what the elite
that is what the elite want.. they don't want us peons having gold. because then you can give them the middle finger salute and billionairs don't like that!
"When governments fear the people there is liberty. When the people fear the government there is tyranny."
-Thomas Jefferson
I am more concerned about the return of my money than the return on my money. --Mark Twain
“A prudent man foreseeth the evil, and hideth himself: but the simple pass on, and are punished.” (Prov. 22:3; 27:12 KJV)
Hey McCain-----┌П┐(◣_◢)┌П┐
Thanks Gil and Acala
So, with all that said, and the info in Dan Norcini's piece--gold it is--if we can find any. Geez, is all this unbelievable or what?
Surreal
I walk around on a daily basis among people who don't have a clue. They have a vague idea that something is wrong but are paralyzed or in denial. I feel like I am walking among zombies. I have been warning them for months and they laughed. Now I warn them that the worst is yet to come and they stare blankly.
Yet I watch myself with a kind of disbelief as I make my preparations, my sacrifices, my radical purchases of hard survival assets. Is this really happening? My rational analysis tells me I need to do these things but I seem to be the only one moving in a field of statues. It is surreal.
Its funny you say that cause
Its funny you say that cause I was thinking the same thing today, about people walking around like zombies. .
Basically people don't want to here about chaos/doom and gloom anymore. They're scared little bunnies. After 9/11 people were damaged mentally I think. How much more bad news can one hold inside themselves before breakdowns.
That is why the inside job, that was 9/11,
had multi purpose modus operandi.
It was the psychopath's gift that keeps on giving. The psychological operation done to Americans and those around the world is/was just phenomenal, resulting in frankly, zombie-like people because it is their way to cope with such 'unacceptable reality' and unspeakable horror.
I recall shortly after 9/11, I was at a party with people I knew for quite a few years. Someone decided to go around the group and ask what each of us remembers doing and thinking when the mass murder happened. When it came to me, I told everyone that as soon as I saw those 'planes?' explode the buildings, I thought with horror this has got to be an inside job for sure. Where are those F16s that guide planes off course? Well we know who in the chain of command had control of giving orders don't we? There was absolute embarrassing silence for a few seconds then someone offered to change the subject. That was my first encounter with 'zombified citizens' and it only got worse from there as you can imagine.
These people have no idea that their 'shut down' of their conscience like that falls right into the hands of the psychopaths. Psychos 'need' people to 'shut down' and not think or imagine.
Its interesting that no-one either agreed or argued with you.
I've always thought that "politically correct" was a misnomer, since the one thing no-one is able to discuss in polite society is politics!
There is a well known rule in UK pubs: "No Politics or Religion". Traditionally, they would actually put signs up to that effect. I'm not kidding. The idea is to prevent drunken patrons from attacking each other. These days the rule is enforced without the need to put a sign up.
http://www.mises.org/Books/mysteryofbanking.pdf
Would you trade your liberty for a flying car?
http://www.youtube.com/watch?v=IsFfBB2W7IA
Zeitgeist part 3: http://www2.b3ta.com/mind-control/
I'm exactly in the same
I'm exactly in the same state. Well described.
Present conditions
defy reason and logic, but I still believe in the rule of natural law.
Trader Dan Norcini explains it this way
Posted 10/15/2008 at jsmineset.com:
It was more of the same type of price action that we have been seeing in gold for some time now. The market is torn between continued deleveraging from speculative players on account of redemption requests from clients moving to cash versus safe haven buying.
It has been interesting reading the comments about this market in the financial press of late. The majority of gold pundits for the most part seems to be reading the same talking points which as usual are utterly and completely wrong. To hear them say it, gold as a safe haven is finished, over, kaput, pushing up daisies, swimming with the fishes, surfing its last wave, worm food, ad infinitum, ad nauseaum.
What these mindless robots seem unable to grasp is that the Comex is NOT the gold market. It is a paper market which has been the recipient of large speculative buys by commodity index funds. These funds take large positions in an entire gamut of commodities based on the weightings of those particular commodities in the various commodity indices that they use as a benchmark. It some cases it might be the Goldman Sachs commodity index. In others it is the Reuters/Jefferies CRB index; it still others it is the Dow Jones Commodity Index. That means they buy gold, silver, crude oil, corn, wheat, nat gas, sugar... etc... in the same percentage terms as they are weighted in those indices. For example, if the weighting in one of these indices for gold happens to be 5%, then for every million dollars of client money invested, they are required to buy $50,000 worth of gold futures contracts at the Comex. When these funds get redemption requests from clients, who now want out of the commodity sector, they are forced to sell FUTURES across the board to generate the cash needed to send back to their clients. That is why, for the most part, the entire commodity complex is sinking whether it is corn or soybeans or wheat or platinum, etc. If $20 million of cash is required to meet client redemption requests, then $20 million of commodity futures must be sold REGARDLESS OF THE FUNDAMENTALS IN THAT PARTICULAR MARKET. In other words, it is FORCED liquidation on account of redemption requests. That has NOTHING TO DO with the real physical gold market where demand remains at unprecedented levels, levels so high that it is producing serious shortages of bullion for would-be buyers. This is what is producing the increasing dichotomy between the Comex and the real gold market. I would go as far as saying that we are for all practical purposes seeing a BLACK MARKET in gold beginning to develop.
To read the rest of the article, click the link below and scroll down about one third of the page. Dan Norcini is very insightful.
http://www.jsmineset.com/
Where are the arbitrageurs?
With a 55% mark up on silver, I'd think it would be worthwhile for an arbitrageur to buy silver from the COMEX and send it to a refiner and mint to be made into silver coins. I know that there are costs involved in doing this but with this sort of mark up it ought to be profitable.