GOLD PRICE FRAUD EXPOSED ON CNBC !!
Posted October 7th, 2008 by siempre33
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CNBC PAPER GOLD FRAUD ... Physical Prices To Double ...
CNBC today gave a few minutes to Swiss Asia Capital CEO Jurg Kiener to talk about gold, and he noted the disparity between the explosive physical market price and the sluggish paper market price, blamed the speculation of Wall Street banks for the latter, and predicted the failure of the paper market and the quick doubling of the gold price. You can watch the interview here:
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I Hope u right
Just bought gold.
Watch freedomtofascism.com
Mr. G Man...You want all of
Mr. G Man...You want all of my what? METALS?
haha,Unfortunatly when your boss's (the Government) fubar'd our economy,thus driving down the price of my precious investments...(as sad as I was) I WAS FORCED TO SELL IT ALL AT THE FLEAMARKET at a HUGE loss.
How much gold is enough for
How much gold is enough for security, since what we already posses in gold will be worth more.
For trading, is it ok to by gold and silver in 1/2 ounce sizes or 1/4 ounce?
GOLD TO DA MOON !!!
...as demand skyrockets...
Due to the extreme fluctuating market conditions for 2008, as well as current market conditions, gold and silver demand is unprecedented and the demand for platinum is unusually high," the U.S. Mint said in a Monday memorandum to its authorized coin dealers.
"The U.S. Mint has worked diligently to attempt to meet demand, however, blank supplies are very limited and it is necessary for the U.S. Mint to focus remaining bullion production primarily on American Eagle Gold One Ounce and Silver One Ounce Coins," the Mint said.
so for everyone that has gold...
what is your plan when the government recalls all gold bullion? for those of you that are buying online, your transaction is well documented, 'i lost it' isnt going to be an acceptable excuse, nor i suspect 'i sold it'. if i remember correctly, adjusted for inflation, the penalty for this back in 1933 compared to todays value would have been a fine of up to near 200,000$ and / or 10 years in prison.
I think people have been saying
don't buy online take posession of the Gold or Silver. Say you give away coins for people birthdays. If they ask you to who Say I don't remember who they were. Its not against the law to give gifts and its not against the law to have a bad memory.
the least of your worries
the least of your worries will be confiscation!
"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
Give them lead instead and
Give them lead instead and they will soon run out of agents willing to collect it.
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Every normal man must be tempted at times to spit on his hands, hoist the black flag, and begin to slit throats. H. L. Mencken
Get Prepared!
SIEMPRE33
Put this DIGG in the Main String:
http://digg.com/business_...
Tim
GOLD
do not sell your gold or silver
and if you do sell it to someone in the Revolution. Don't let them buy up the metals no matter what.
Correct!
BINGO!
Why do the stories of the native Americans 'selling' their land for trinkets to the Europeans come to mind? We play the part of the natives, willing to part with that of great value (our gold in this case) for something worse than worthless, DEBT NOTES!
Hang onto your metals people.
What about ETFs
If I have Gold and silver ETFs in my 401k should those be safe? Or should I sell those now and move them to cash (MM)
I use Goldstar Trust
For my government controled retirement account (what a scam) I transferred it to http://www.goldstartrust..... They are out of Texas. My coin dealer set it up for me. Suposedly, I have a set amount of coins in there vault. I pay for storage. My coin dealer is very trustworthy.
Although I have been wondering lately if it is not better to just take the penalty for early withdrawal and get my hand on it,
the problem is they are
the problem is they are based on paper price.. not the physical price.. as you see in silver there is a large premium to buy physical silver.. the spot price does not reflect the true price of silver. can't people in 401k buy real silver and gold? I thought there was a way to do that. as this guy says soon the price will double.. I would think that once the manipulation is gone that the etf's would rally also.. it maybe good just to sit tight! if you move into cash you may miss the uptick!
"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
Its just made me nervious
Its just made me nervious when he said the paper would be worthless. I was assuming he was talking about the ETF paper. Maybe he meant the gold loans the banks made.
ok the etf is by law
ok the etf is by law supposed to have every ounce of gold and silver you have purchased in its vault holding it for you! so the "paper" is backed up by physical.. I would get ahold of the etf and tell them you want the serial numbers of the bars that they hold for you!
"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
The price of gold has been
The price of gold has been manipulated by central bankers, and the IMF, through paper futures contracts. When the collapse comes, they need a low price to buy it all up. Up until 1933, gold WAS money, now it's an investment vehicle. It's going to be very hard to repeat 1933, and order the citizens to turn in gold.
The curve ball in all this has been alternative information, that did not exist in 1933. Goldbugs know what they are doing, and have been feverishly taking delivery of physical stocks, at the artificially lowered prices the central bankers think are reserved for them.
It's going to be quite a sight when the paper contracts the central bankers are holding cannot be fulfilled, because the supply is gone.
Gold will go to $5k an ounce.
couldn't happen to a bunch
couldn't happen to a bunch of nicer people!
"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
if you think gold will
if you think gold will double, just wait till you see what silver will do! Silver has a larger short position then gold and is a much- much- much smaller market then gold!
"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
keeping telling truth to power, and to the deaf
I have VERY little understanding of the markets, but the INTRINSIC values of silver and gold I get - in spades. The ACTUAL supply and demand of silver - especially as silver becomes recognized as the only effective antibiotic against the hybrid "superbugs" - is much tighter than it is for gold. And, I heard someone point out that silver is both money and an industrial metal - which is correct. They said that is why gold is MORE valuable, and that is incorrect. Gold is also used in industry for one thing. But the MORE useful an item is, the MORE valuable it is.
On a related note, I don't need to understand markets to understand the REAL, most BASIC "economy:" Men like sex. Women like silver and gold. There will ALWAYS be a market for silver and gold!
lol! always gotta pay for
lol! always gotta pay for everything! NOTHING IS FREE including sex!
"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
Thank you.... this guys makes alot of sense!
http://www.youtube.com/wa...
"Not armies, not nations, have advanced the race; but here and there, in the course of ages, an individual has stood up and cast his shadow over the world."