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hoppingforpayRe: Thoughts on gold prices.

Unearthing worlds gold supply.

hoppingforpayRe: Thoughts on gold prices.
Russia creates small gold backed bank.


Then....JPM backs off.

hoppingforpayRe: Thoughts on gold prices.
Here ya go.


One of these guys is going to end up being right. Too bad I sold the bulk of my gold for around 300 bucks. But hey, the jokes on them because I enjoyed being a gold slave! It was the gold that owned me not them. Most of the time I had no idea what the price of gold was till just before I poured it out.

pelukRe: Thoughts on gold prices.
Ok,as long as we are trading good leads,try this one.It is another YouTube offering. It should clarify the place of the petrodollar and explain how fragile its status really is.

This bolsters the possibility of a $2000 gold oz. by year's end and a $1550 value if Russia decides to accept anything but dollars for its oil.That figure would be reached almost immediately.

It's all there in a 4o+ minutes video titled...."Jim Sinclair:Russia Can Collapse US Economy,Gold Update"
pelukRe: Thoughts on gold prices.
Reading about Bill Murphy's efforts on behalf of GATA left me with a feeling that he can't do much really. I think he knows it too.
It is just a matter of time until China's gold backed currency comes to the top. That time may have been hastened by Angela Merckel's announcement that Chinese yuan will now be accepted as payment for goods.

Debased,watered down currencies around the world will take a back seat to that of China and gold prices will rise as people get rid of their paper. What the US government does in response remains to be seen.

The comments that followed Murphy's article are very worthwhile reading.

hoppingforpayRe: Thoughts on gold prices.
An interesting article if anyone is about in this ghost town.

hoppingforpayRe: Thoughts on gold prices.
hoppingforpayRe: Thoughts on gold prices.

"The developments are bullish for gold prices as various bitcoin exchanges had captured capital flows from investors and speculators who are skeptical of the current financial and monetary system and many of whom would have previously have bought gold and silver. Some of this capital is more likely to flow into gold in the coming months"


hoppingforpayRe: Thoughts on gold prices.
They talk of a red pill and a blue pill but "for what it's worth" it's all purple pills. Nobody can really figure out what's going on. Especially, markets short term.
Jim_AlaskaRe: Thoughts on gold prices.
For what it is worth, I got this in a newsy email today.
February 21, 2014

Shocking Trip Down The Rabbit Hole Of U.S. Secrets & Gold

With so much chaos taking place around the world, today King World News spoke to the man who has been focused on uncovering sensitive government and market information for over 15 years. What he had to say will shock KWN readers around the world. Chris Powell covered everything from secret US government deals to China’s insatiable desire to accumulate gold, and the trip down the rabbit hole involves former US Secretary of State Henry Kissinger, former US Treasury Secretary Henry ‘Hank’ Paulson, and the incoming Chinese President Xi Jinping. Below is what Powell had to say in this remarkable interview.

Eric King: “I want to go back to the gold smash which took place in April last year, because former US Secretary of State Henry Kissinger and former US Treasury Secretary Henry Paulson are reported to have traveled to China to meet with the new president of China, Xi Jinping, that month. Your thoughts on this meeting taking place the same month the gold price was crushed.”

Powell: “There are a number of State Department documents showing that Kissinger, as secretary of state, was very much involved in the US policy of gold price suppression in the early 1970s.

There are some very interesting minutes showing that gold price suppression was explained in great detail in a meeting in his office with his assistants....

“So Kissinger knows what is going on here. The gold smash last April was so intensely executed that it had to have been planned long before Kissinger and Paulson arrived in China.

In the late 1990s there was speculation that an agreement was made between the United States and the Middle-Eastern oil producers to exchange cheap oil for cheap gold. This was near the bottom of the gold and oil bear markets. The oil producers knew they had a wasting asset in the ground and they wanted to get something permanent for it -- something that would hold its value.

These are savvy and well-connected people who knew that paper money was not going to hold its value and they had a predisposition toward gold anyway and they were happy to accept it as payment.

The US wanted a low gold price to support the dollar and so there was a notion that this was cheap oil in exchange for cheap gold. Regardless, there is enormous documentation of gold price suppression involving the Western central banks and particularly the U.S. government.

Such an arrangement would match what William Kaye postulated yesterday in his KWN interview about an arrangement between the United States and China. So there may well be an arrangement between China and the United States allowing China to accumulate gold at cheap prices.

This allows China to hedge its large holdings of dollar-based foreign-exchange reserves, and such an arrangement would make sense not only in a general policy framework but also as a practical matter from what we see in the foreign exchange markets.

China has the largest foreign exchange surplus in the world, roughly $3 trillion. If you accept that, then you have to accept that nothing happens in any major market without China’s consent. With a foreign exchange surplus like that, China can run any market it wants to. China can run the Treasury bond market, the oil market, the gold market, the copper market, and so forth. With that kind of surplus, nothing happens in any major market that China doesn’t want to happen.

A couple of years ago China's interest in acquiring gold was noted and It was said that there was a ‘Chinese put’ under the gold market. Well, we saw last April that the ‘Chinese put’ disappeared on April 12 and 15, during a time when the gold price was driven down hundreds of dollars. I don’t think that could have happened without China’s complicity.

I suspect strongly, as Kaye does, that the plunge in gold last April was an intervention involving the United States, its allies, and China. As part of that intervention, China would have agreed not to exercise the ‘Chinese put’ in the gold market but rather to allow the West to drive the price down by hundreds of dollars so that China might acquire a lot more gold cheaply.

This had the effect of liquidating much of the remaining private gold holdings in the West, particularly the gold in the GLD exchange-traded fund. All the data shows that large amounts of gold were sent from London to Switzerland, where it was re-refined into Chinese-standard gold bars, and then shipped to China.

So we know there has been this huge flow of gold from London into China since the attack on gold last April. This points to a deal being made between China and the West, and the timing of that trip by Henry Kissinger and Henry Paulson just adds fuel to that speculation.”

Eric King: “Chris, what is the end game with regards to the West hemorrhaging away its gold to China?”

Powell: “The end game is probably a great revaluation of gold to a fairly spectacular level and re-liquefaction of the central banks that have gold. This will greatly devalue the world’s major currencies and relieve the Western world of much of its debt burden.

A year or so ago two fund manager in New York, Paul Brodsky and Lee Quaintance, wrote a paper speculating that for the last few years central banks have been involved in a scheme of redistributing gold reserves to compensate the nations that have held their reserves disproportionately in dollars. China would be key to that scheme.

Interestingly, right now I am involved in a struggle with the Federal Reserve Bank of New York. I obtained a copy of speech given by a former vice president of the Federal Reserve Bank of New York, H. David Willey, in which he said the Federal Reserve Bank of New York provides gold accounts to banks that are members of the Federal Reserve System.

This indicates much greater involvement by the Federal Reserve in the gold trade. The New York Fed has refused to answer my question about Willey's assertion: Does the New York Fed provide gold accounts to bullion banks or not, or did the New York Fed used to provide such accounts? I've asked my congressmen to try to get the answer for me out of the New York Fed.

Regardless, Western central banks are deeply involved in the gold market. The Bank of France told a meeting of the London Bullion Market Association in Rome a year ago that the bank trades gold nearly every day. Why is that? The answer involves manipulation of the gold and currency markets.

So when you take a trip down the rabbit hole to examine a possible deal between the West and China, you have to suspect that gold again will be at the center of the world financial system before too long, and China knows it must have thousands of tons of gold to shift the power from West to East. One way or another it looks like China is going to get that gold, and the power.”

IMPORTANT - KWN will be releasing interviews all day today.

IMPORTANT - Powerful entities do not want people to have access to the news that KWN provides. As a result we have had a constant interference with the news feed on our home page. Simply reload the home page until you receive the news feed, or go straight into the KWN blog. You may need to clear your cache in order to see the latest news story. KWN readers can simply google “how to clear cache” if they are unfamiliar with how to do this.

© 2014 by King World News®. All Rights Reserved. This material may not be published, broadcast, rewritten, or redistributed. However, linking directly to the blog page is permitted and encouraged.

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