IMF to flood market with 3,000 tonnes of gold tomorrow(12/13).
Submitted by AbrahamNorway on Fri, 12/12/2008 - 09:42
And the price of gold will plunge.
From unverified source:
http://www.commodityonline.com/news/IMF-to-flood-market-with...
I'll guess we'll see tomorrow:)
Gold Price up about $20 dollars 12/15/08.....
Where is this FLOOD of gold???
http://www.apmex.com/Homepage/Default.aspx
Maybe instead of a flood of gold,
it turned into a golden shower?
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"the only thing that keeps the banking system from failing is general ignorance about how the banking system works."
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Only a fool believes this means anything to the price of gold.
This is just propaganda. There are plenty of central banks who want to get rid of US dollars in the worst kind of way and will be happy to take this off the IMF's hands in a NY minute at the current price.
Even the federal reserve knows it must allow the price of gold in US dollars to rise relative to everything, hence deflating everything in order to prevent hyperinflation from the huge increase in bank credit.
Gold Price Up $9.00 to $831.50: Waiting for the gold flood...
to happen. Will it?
http://www.apmex.com/Homepage/Default.aspx
Well
GOLD over $830 an ounce now.....up over $10
bump
http://www.votenader.org/blog/2008/09/10/statement-to-ron-pa...
http://www.flickr.com/photos/57925480@N00/2660779139/sizes/l/
___________________
Jake Towne✌Stop The War✌Money Bomb March 29
http://www.dailypaul.com/node/128960
Gold Price at $82133/oz. and holding at 18:20 hours on 12/13.
http://www.goldprice.org/
That is $821.33/oz.
Corrected.
Wow, anyone want to buy my gold?
.
ROFL
ROFL
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Trying to read Jon Nadler
is like listening to fingernails on a chalkboard.
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"the only thing that keeps the banking system from failing is general ignorance about how the banking system works."
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akak literally had a nervous breakdown because of Nadler.
You really shouldn't read "Nads" without taking a buddy with you.
poor akak
I can see him curled up in the corner, rocking back and forth, clutching his berries.
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"the only thing that keeps the banking system from failing is general ignorance about how the banking system works."
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You'd better be careful or
risk your own destruction.
IMF Gold
can not be legally sold into the market without the approval of the US Congress.
By the way if you did not see who the author of that article was, it is none other than Moron of the Year Jon Nadler from Kitco. This guy is one of the most notorious cabal misinformants there is. I personally do not believe a word he says.
"IMF Gold can not be legally
"IMF Gold can not be legally sold into the market without the approval of the US Congress."
Jive_Dadson said the same on page 2 of this thread but cites nothing to back this claim up. I'll ask you what I asked him: where is this policy written?
Based on IMF member Audits
Based on IMF member Audits the IMF reserves were only 3,217 tonnes. We must also remember that the IMF, along with our government prices gold at the "Official Price" in both sales and purchases, that price is $42 per ounce.
http://www.1776solution.blogspot.com
"So long as the people do not care to exercise their freedom, those who wish to tyrannize will do so; for tyrants are active and ardent...to put shackles upon sleeping men.
— Voltairine de Cleyre (1886-1912)
http://www.1776solution.blogspot.com
"People fight the gold standard because they want to substitute national autarky for free trade, war for peace, totalitarian government omnipotence for liberty." von Mises
Is the flood over yet??
I had lunch already. Is the dollar devalued and western civilization toppled yet?
SUPPORT OUR FOUNDERS' AMERICA
Support the Constitution of the United States
SUPPORT OUR FOUNDERS' AMERICA
Support the Constitution of the United States
WHERE DID THE (supposed) GOLD COME FROM?
Did they pull it out of thin air? If it really exists, where was it's monetary power being directed before? Now its supposed to be directed toward the global market?
IMF Membership Fee
Each country that wanted to join the IMF had to contibute x amount of gold from their national reserves or by it with their currency to become a member.
Some think there have only been pledges and not really physical gold delivered to the IMF Vaults. They do not like to divulge that in specific terms. I do not think they would like being forced to do an audit of gold in their vaults.
If gold goes down a few $100s/oz, I'll be very surprised....
and happy for the buying opportunity. Please keep us informed.
I wish they would sell it to
I wish they would sell it to some local coin shops around here. They're all out.
www.goldmoney.com
www.bullionvault.com
Ron Paul is becoming the de facto President of the United States.
Hey "genius"...
...the dealers don't kepp gold in stock, you know, gold in not exactly hmmmm...let's say potatoes ! Do you understand how dealers are making money ? On commision you dumbass, tell them you want to buy gold and they will get it for you...or place an order online if you have money for minimum 5oz.
“The more corrupt the state, the more laws.”
You don't have a clue about the availability of gold.
Dumbass.
Your right about that,
Your right about that, dealers do not usually have a lot of gold. They make a living from the spread between the buying and selling price. For example if you have an ounce of gold and the spot price is $820 dollars, they will probably pay you $780 and then turn around and sell it to someone for $870 an ounce. This is why it is advisable to avoid dealers. Trade your gold and silver directly for goods and services whenever possible.
But I agree with another post, that the price of gold is about to take a dive. Gold is a safe haven in a crisis, but money is only of value when it is consumed meaning it has to be spent on something that will produce something for the investor otherwise it is worthlessly sitting buried somewhere.
grant
Grant? Or, is it GREED?
?
The Usual...Imbecils
xcuze my English..is my 5th language.
I see that the gold&silver cockroaches are stupid as usual, continuing to make on daily basis handicapped predictions about the price of precious metals skyrocketing "very soon", the same old and lame 40 years old story
What is really both stupid and comic is the fact that the imbeciles are saying that the price of gold is being manipulated, but at the same time they say the price will skyrocket. So my question is: how the f*** the price of gold will skyrocket if is being manipulated ?
As we can see the economy is doing very bad but the price of gold on daily basis is $30-50 CHEAPER then a year ago ! WTF ?
Let's make something clear, right now is not a good time t buy gold, is to expensive and the price will drop for sure in the near future.
It will take a major crisis for the gold to skyrocket, something like 3rd World War, in which case you will be better of having few 20lb bags of rice instead gold...unless of course Rachel Ray won't come with a recipe to cook gold or silver.
“The more corrupt the state, the more laws.”
Oh Maersk, you're stupid in any language.
I see you've changed your username. Get kicked off?
BTW, maybe you should stop watching Rachel Ray and start reading the material on GATA's website.
Not sure why you're back. We didn't miss you.
You can actually eat Gold!
http://www.caterersearch.com/Articles/2006/09/11/200088/gold...
Not the recipe I was looking for...there is an awesome swiss risotto
rice with gold sprayed over the top.
Musician, Blimpographer...Hear my music: www.myspace.com/americanpirates
my videos: www.youtube.com/conservativefunds
Musician, Blimpographer...Hear my music: www.myspace.com/americanpirates
my videos: www.youtube.com/conservativefunds
Do you have house insurance?
Do you have house insurance? If so when did your house burn down? If it hasn't burned down then I guess you canceled you insurance right?
Do you think this monetary system is going to last for ever? Especially since all fiat system in history have ended badly in roughy a 40 year period.
But hey if you think because nothing has happened yet that somehow proves it won't happen then why do you have house, car, health, or life insurance?
All fiat systems in history have crashed badly, saying it's foolish to plan for that is like saying you don't need car insurance because you know you will never be in an accident despite the fact that you have seen or known others who were in accidents.
We do agree to a point and that is on the "usual imbeciles" but they are not the folks who buy gold and silver fire insurance against the dying monetary system and economy.
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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!
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End The Fat
70 pounds lost and counting! Get in shape for the revolution!
Get Prepared!
why would he buy home insurance, Hawkiye?
he lives here:
http://www.matts-place.com/intermodal/part1/images/msku63136...
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"the only thing that keeps the banking system from failing is general ignorance about how the banking system works."
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LOL!
.
Flooding the market with
Flooding the market with 3000 tons of gold should have little effect considering that over 2400 tons are produced every year. The major factor with gold will be the war in Iraq, Afganistan and other areas of the world, With war comes the rise in interest to hold it.
grant
The Rumor Itself...
... may be understood in the context of the broader design.
http://www.dailypaul.com/node/75735#comment-816278
Particularly, the SeekingAlpha article in the links describes the engineering.
THe wealthy own seal their
THe wealthy own seal their gold in vaults are doing nothing more than burying their talents.
That was supposed to happen on the 10th.
If they trash the price. I will buy.
Big money wants your gold and will shake it out of you through fear.
BTW, it's already the 13th where I'm at -- 84 degrees and 60% humidity. Oh, and gold is fine at the moment.
ha ! me too, Lisa
Im in Cloverdale Perth- and its a beautiful Saturday evening : ))- going to see Mick Thomas & Sure Thing tomorrow night : )
do you live in the future?
your post was on the 12th
It is 11am on Saturday, the 13th of December.
Yes, I live in the future, however this post arrives in the past because of where this website is hosted.
Sierra, Have you ever worked
Sierra,
Have you ever worked in the mining industry? If you have, as I have, then you know that producers do not bring all product to market. What keeps the price of gold stable is the fact that people hold and do not spend it. But if they do not spend it, then what real value does it have?
Gold sitting on a shelf does not reproduce, so it is useless. At some point it must be spent to have purpose. Perhaps this isn't the exact bottom of other commodities but they are selling at a good price compared to the price of gold.
I mean, if I am buying gold, that means that someone else is selling. Now, what may I ask do you think they are buying? Do you think they are just holding on to FRNs? Those who are selling gold are taking advantage of lower prices in other areas of the economy.
I agree, there is less demand for platinum and palladium, and that this is caused in large part by the auto industry. But when the prices for these items fall, as drastically as they have recently, shouldn't it make sense to trade gold and buy them at some point?
grant
Gold just sitting around doing nothing is "useless".
Yep, that's why the wealthy seal gold in vaults for generations because it goes sour and starts to stink up the place.
???
gold is a store of wealth..
gold is a store of wealth.. there is a finite amount of gold! they say there ar 6 billion ounces (probably less) that can be used as trade right now. that is 1 ounce or less of gold per man woman and child on the face of the earth. Its purpose is to preserve wealth. It is money has been money for 6,000 years. Here in the future there will come a time when you will use silver or gold just like you use a FRN. you will buy and sell with these coins or bars or wahtever you have. If you believe the auto industry is going to get going again then sure now buy palladium.. don't get me wrong, I don't think there is anything wrong with palladium or platinum, its just that gold and specifically silver has a longer track record of being money.. silver will be the new FRN here soon.. just like was pre 64' yes people went to the store and traded a silver quarter or dime for whatever they wanted before 64' it will be that way again!
Do you realize that it took 240 years for the US to get to 9 trillion in debt.. and then it took less then 6 months to add another 8 trillion? all paper currencies are going to be destroyed. all nations are printing like no tomorrow.. I just seem to migrate to what works... it is probably good to have some palladium but thats not for me! you think palladium looks good to invest in you should look into silver have you read butler??
"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
"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
Great idea
Sell now then buy it back when the price falls. Wish I had a million in gold right now.
"Tyrants fear nothing more than insubordination"
"It's just one big club... and WE ain't in it!"
James 5:3
That's the right idea, spend it now and then get it back later. If everyone was to spend the gold they have, then it would stimulate the market and the value of gold would be driven down to a level that everyone could afford a little. The ones that would suffer are the greedy ones that have hoarded away more than need be.
Money only serves a purpose when it is spent.
If you want to store wealth, plant a fruit tree that will at least give you something to eat, buy a bull and a cow, which reproduce for you to eat and from which to have in the future. Storing gold produces nothing.
grant
I have eight fruit trees.
I have eight fruit trees. most of which are over seven years old. They are small and produce no more than one or two fruits a year. I've only eaten one peach from one--it was delicious, but the size of a golf ball (pit included). Mind you, I am the first to admit that I have no green thumb.
I'm going to try buying goats, which feed on noxious weeds and tree leaves, and see how much food for the table I get next year.
SUPPORT OUR FOUNDERS' AMERICA
Support the Constitution of the United States
SUPPORT OUR FOUNDERS' AMERICA
Support the Constitution of the United States
Grant, monies only purpose
Grant,
monies only purpose is not to be spent.. you have that wrong.. now you have gold that is expensive in dollar terms.. but then you have silver the poor mans gold! what you are talking about with this sharing and greed ones to me sounds like socialism... redistribute the gold? kinda like obama wanting to redistribute the wealth! I disagree with you on that.. gold is a store of wealth. you talk about fruit trees? sometimes the buds freeze and no fruit..or the tree dies!
bull and a cow?? I have black angus.. same thing they get sick and sometimes just die on ya for no reason.. I gaurantee that there has been ounces of gold and silver over 5000 years old in shape or form! storing gold actually is savings.. savings is what we need to run an economy! you are wrong on 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
"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
You are wrong, money's only
You are wrong, money's only purpose is to be spent, otherwise it is worthless. Whether you spend it right away, spend it to buy equipment, or spend it to provide for you during retirement, it needs to be spent. Otherwise it is nothing more than a museum piece that needs to be dusted and to have hired men paid to protect it; at which time it loses a portion of it's value. Take gold that is in Fort Knox. How much was spent to house that gold and protect it with security? Meanwhile what good has it done to sit idle, what purpose has it served other than to look pretty? None.
Gold is money and money is to be consumed by spending. Saving gold as a store of wealth is like saving manna, it will rot.
"Saving gold as a store of wealth is like saving manna,
it will rot."
I think the richest families in the world would beg to differ. Many of whom have survived multiple currency collapses because they held on to their "rotten" gold.
I hope they do sell! it is
I hope they do sell! it is much better for that gold to be in the hands of the people of this world then some jerkweed bank!
let it rip!
"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
"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
It's a hoax
The IMF only has about 3000 tonnes, total. It wants to sell 400 of them, but it needs approval from 85% of the voting shares. The US holds 17%, so without congressional approval, that cannot happen.
Read this:
http://www.imf.org/external/np/exr/faq/goldfaqs.htm