Gold

[go2]

“We are grateful to The Washington Post, The New York Times, Time Magazine and other great publications whose directors have attended our meetings and respected their promises of discretion for almost forty years. It would have been impossible for us to develop our plan for the world if we had been subject to the bright lights of publicity during those years. But, the work is now much more sophisticated and prepared to march towards a world government. The supranational sovereignty of an intellectual elite and world bankers is surely preferable to the national auto-determination practiced in past centuries.” David Rockefeller, 1991 Trilateral Commission meeting speech

Hi Happyville,

Great link--The August Review connects the dots of the deep movements of politics, economics, and power. The linked article, "The End of National Currencies" by Benn Steil in Foreign Affairs lays out the grab for total domination of humanity in bureaucratic jargon. The elite predators will settle their affairs with gold, and the slaves will accept a new supranational fiat currency over the barrel of a gun. There are enough clues to the mystery of power and the evil on this planet to begin to connect dots and name names. David Rockefeller was one of the founders of the Trilateral Commission.

I wonder how this knowledge can protect? I thought gold might protect, but that is clearly an illusion, rapidly evaporating. I think we are examining the fangs and claws of a monster, preparing to devour us.

The names of the coup perpetrators must be a joke of bold psychopaths, ridiculing mankind. Ben Steal, Robert Robbing,
Neil Cash Carry, Bernie Made Off, Alan Green Spam.....the Goldman sacks humanity gang. Did you notice that Alan Greenspan, Robert Rubin, and Ben Bernanke are or were on the board of BIS?

In the 2007 May/June issue of Foreign Affairs, Benn Steil presented his paper, The End of National Currency. Steil is Director of International Economics at the Council on Foreign Relations. In his report, Steil stated,

"So what about gold? A revived gold standard is out of the question. In the nineteenth century, governments spent less than ten percent of national income in a given year. Today, they routinely spend half or more, and so they would never subordinate spending to the stringent requirements of sustaining a commodity-based monetary system. But private gold banks already exist, allowing account holders to make international payments in the form of shares in actual gold bars. Although clearly a niche business at present, gold banking has grown dramatically in recent years, in tandem with the dollar's decline. A new gold-based international monetary system surely sounds far-fetched. But so, in 1900, did a monetary system without gold. Modern technology makes a revival of gold money, through private gold banks, possible even without government support."

This is hardly far-fetched. Zbigniew Brzezinski noted in 1972 that "the nation-state as a fundamental unit of man's organized life has ceased to be the principal creative force: International banks and multinational corporations are acting and planning in terms that are far in advance of the political concepts of the nation-state."

While humanity is mesmerized by the election of President Obama and the slaughter in Gaza the real war is taking place in the markets. Humanity is being stripped of its assets and freedom. How long will humanity remain ignorant of the power of gold and secrecy in the hands of evil. The PTB are moving fast, creating chaos and fear. Soon humanity will not just accept, but demand the strong hand of a slave master in exchange for food.

 

[Happyville]

World's first non-reserve, non-fractional bank

... And so when the FIAT system does go by the wayside we are right back where we started with silver and gold. The Nation of Lakota looks ready to go back to the future with a new banking system!!!

When you buy Lakota silver, you directly support our ability to take back control of our future. Value for Value! However, what matters more than the brand of silver you choose, is that you do in fact choose to become FREE of the fiat paper system by converting to silver today!

At the Free Lakota Bank, we issue, circulate and accept for deposit only AOCS-Approved silver and gold currencies. Silver & gold are a store of value, an equivalent of wealth produced. Paper is a mortgage on wealth that does not exist, backed by a gun aimed at those who are expected to produce it. Since we deal only in real money, we do not participate in any central bank looting schemes.

Money is made possible only by those who produce. Paper is not money, instead merely a promise to pay. We hope that some day the rest of the world will awaken from the American Dream: the dream that a person can sustain life by consuming more than producing. We call it the American Dream because you must be asleep to believe it. Well, that dream now has a silver lining; as people discover the dream is really a nightmare, the only solution is a return to value: value that comes from production and honest trade.

http://www.freelakotabank.com/

 

[Happyville]

Some Central Banks are buying up the yellow Metal albeit quietly... Not sure what this means, but interesting when Russia is buying it up and Russia's Ally in IRAN is talking about adopting a world currency...

During today's summit, Ahmadinejad called for a new global economic system that is based on respecting human rights. He did not provide details. He also called for greater regional economic integration and urged member states to begin discussing the establishment of a single currency and a bank that would promote trade.

http://www.sott.net/articles/show/178731-Iran-s-president-blames-West-for-economic-crisis

Central banks, which have been net sellers of gold in recent years,
were net buyers of an estimated 1.1 million oz in January,

...Ecuador is estimated to have purchased 920,000 oz of gold in January,
Venezuela bought 240,000 oz and Russia purchased 130,000 oz, after having
bought 310,000 oz in December.

http://www.platts.com/Metals/News/7719694.xml?sub=Metals&p=Metals/News&?undefined&undefined

 

[go2]

The demands of countries, institutions, and individuals for delivery of physical gold is a warning that the collapse
of the financial system and/or spreading war is of concern to centers of power and finance around the world. Humanity
has witnessed and endured the concentration of power in the hands of pathological elites who reserve the right to create
fiat money to themselves. This power to buy or destroy anyone and anything is a primary mechanism of control on this planet. This system of slavery is collapsing due to the laws of the mathematics of compounding debt. These “power possessing” pathologicals will go to any length to maintain power. When finance collapses they have traditionally resorted to war to maintain control as they reset the system of financial slavery. Gold is a barometer of the state of the monetary system. The barometer of gold indicates a storm is approaching. I have linked a few articles with a few excerpts for those who do not have time or inclination to follow this arcane subject.

http://www.sott.net/articles/show/195277-Paper-Gold-There-are-several-owners-for-each-ounce-of-physical-gold

"A couple of months ago Greenlight Capital, the large hedge fund, switched $500 million of investment in GLD to physical gold bullion. ... Apparently Germany has requested that its sovereign gold held by the New York Federal Reserve Bank be returned to Germany. Hong Kong has requested the same of the Bank of England, which stores its sovereign gold. Robert Fisk, a respected journalist for the UK's Independent newspaper, reported this week that the Arab oil-producing states, Japan, Russia, and China have been holding secret talks to replace the dollar as the international reserve currency and as an accounting unit for trade. He reports that the basket of currencies they propose instead of the dollar would include gold. If gold is going to regain its monetary role, then you can understand why those in the know want actual physical bullion. There are some very real and significant signs that a run on the Bank of the Gold Cartel for physical gold is commencing."

Talking of runs on the bank, Rob Kirby of Kirby Analytics in Toronto, a GATA consultant, did some brilliant sleuthing work. His sources have told him that there was panic in the London gold market around September 30 as participants in the market wanted to take delivery of their purchased gold and refused generous cash settlements that were offered instead. Central banks had to come to the rescue to provide the gold via leasing. Apparently even the central banks could not provide bars that met LGD standards, which indicates that an acute shortage of physical gold is developing and that perhaps already many OTC clients have drained a large proportion of the 15,000 tonnes of gold stock from the London OTC market.

[…]

If you think you own gold, you should take a few precautions.

If you have unallocated gold in some sort of pool account that does not have a satisfactory audit or you own shares in an ETF that does not have a reliable audit, take action. Take delivery of gold or move your investment to reliable and audited allocated storage.

If you do nothing about it and when the music stops you are left with just a piece of paper that says you own gold but no one is able to give it to you, then perhaps you will be able to take comfort in your having dismissed the German government, the Hong Kong government, Greenlight Capital, and many others as a bunch of nuts who don't know as much as you do about counterparty risk in the gold market. But the "nuts" who are realizing that there are multiple claims to each ounce of gold will at least have their gold if they ask for it first.

http://www.321gold.com/editorials/schoon/schoon102009.html

Toronto analyst Rob Kirby's recounting of the behind-the-scenes activity that recently drove up the price of gold is but one example of this on-going battle. On the last day in September, Kirby reported large buyers of gold entered the futures market and demanded immediate physical delivery on the September contract.
The counterparties, allegedly JP Morgan Chase and Deutsche Bank, both complicit in the central bank suppression of gold, counter offered with premiums 25% above spot if the contracts could be settled with paper money instead of physical gold but the buyers refused, sending gold to record highs as the banks scrambled to deliver gold they did not own.
Questions were also raised about the quality of the gold bars delivered. Evidently, the bars provided by the Bank of England had to be re-cast as to meet the .999 quality necessary for delivery; and Professor Antal Fekete in his current article, The Gold Basis Is Dead - Long Live The Gold Basis, adds more to the controversy surrounding deliverable gold.

http://www.financialsense.com/editorials/fekete/2009/1019.html

There seems to be circumstantial evidence that this month the gold exchanges are unable to honor their expiring contracts for which delivery notices have been issued in September. It has occurred in spite of a robust, even increasing, contango. Furthermore, circumstantial evidence exists that counterparties to these expiring contracts for future delivery — bullion banks, to be precise, the name of J.P.Morgan and Deutsche Bank being prominently mentioned — have offered bribe money up to 125 percent of the quoted spot price to holders of long contracts if they would take settlement in paper, on condition that the embarrassing affair will be kept secret. If true, these maneuvers are motivated by the desire to conceal the real gold basis, and to deny that gold is in or approaching backwardation. If the truth were widely known, then there would be a run on the bullion banks. The “let’s get physical” movement would trigger a chain-reaction culminating in all offers to sell physical gold being permanently withdrawn around the globe. “Gold would not be for sale at any price”, whether quoted in US or in Zimbabwe dollars — or, for that matter, in any irredeemable currency — the only kind of money people are allowed to have nowadays. The curtain would fall on the “Last Contango in Washington”. The day of permanent gold backwardation would dawn. The chapter on a reactionary episode of history, irredeemable currency, allowing the Treasury and its central bank to create unlimited liabilities out of nothing which they have neither the means nor the intention to honor, but could use them for check-kiting purposes to mesmerize gullible people around the world, would be closed and become but a bad memory.

 

[SnoDog]

...what happens when the Anunnaki return and confiscate all our gold?

Sadly I think the destruction of the present economy in favor of a 'New World' control economy is by design all part of the cycle of control.
I also do not hold stock in President Obama being the savior at this point since his regime spends capital as though they know they will never have to pay it back.

GO2 posted a reference to the subject I was going to cite in this article: The Demise of the Dollar (_http://www.informationliberation.com/?id=27586)
With the powers of Russia and China involved it's unlikely the US will remain the financial giant it has been. I find this reference chilling:

Bankers remember, of course, what happened to the last Middle East oil producer to sell its oil in euros rather than dollars. A few months after Saddam Hussein trumpeted his decision, the Americans and British invaded Iraq.

The timeframe suggests that comets may arrive before the plan is implemented...so we may be worrying for nothing
I also don't relish survival in a Post Nuclear War era after Russia, US and China_and OPEC slug it out.

In any event the next 10 years are shaping up to be 'busy'

I wanted to additionally comment on this gold instead of money thing since the whole religion of 'money' has been imposed on us by the 'Brotherhood of the snake', are we really just rallying around a 3D STS concept anyway? Other contactees have discussed that the < insert ET's of choice here > have no concept of money / economy and simply 'do what must be done'. Disinformation or wish thinking aside wouldn't it be in our interest to move away from the money concept as we are moving away from the concept of time? I'm hoping that we don't need money in 4D, but if i don't ascend, I surely would need anything like that to spend in my cave and I doubt the 'walking dead' of the post nuclear war Earth will have much use for gold.

-Steve

 

[anart]

...what happens when the Anunnaki return and confiscate all our gold?

You mean Sitchin's Anunnaki? Hmmm - have you read the Wave Series yet by Laura Knight-Jadczyk? I'm curious because this is the third post I've read by you today that references sources of false information as if they are sources of true information. Perhaps some time spent in the Channel Watch and Cointelpro section of the forum might be beneficial for you?

 

[Franco]

...what happens when the Anunnaki return and confiscate all our gold?

Sadly I think the destruction of the present economy in favor of a 'New World' control economy is by design all part of the cycle of control.
I also do not hold stock in President Obama being the savior at this point since his regime spends capital as though they know they will never have to pay it back.

GO2 posted a reference to the subject I was going to cite in this article: The Demise of the Dollar (_http://www.informationliberation.com/?id=27586)
With the powers of Russia and China involved it's unlikely the US will remain the financial giant it has been. I find this reference chilling:

Bankers remember, of course, what happened to the last Middle East oil producer to sell its oil in euros rather than dollars. A few months after Saddam Hussein trumpeted his decision, the Americans and British invaded Iraq.

The timeframe suggests that comets may arrive before the plan is implemented...so we may be worrying for nothing
I also don't relish survival in a Post Nuclear War era after Russia, US and China_and OPEC slug it out.

In any event the next 10 years are shaping up to be 'busy'

I wanted to additionally comment on this gold instead of money thing since the whole religion of 'money' has been imposed on us by the 'Brotherhood of the snake', are we really just rallying around a 3D STS concept anyway? Other contactees have discussed that the < insert ET's of choice here > have no concept of money / economy and simply 'do what must be done'. Disinformation or wish thinking aside wouldn't it be in our interest to move away from the money concept as we are moving away from the concept of time? I'm hoping that we don't need money in 4D, but if i don't ascend, I surely would need anything like that to spend in my cave and I doubt the 'walking dead' of the post nuclear war Earth will have much use for gold.

-Steve

If you couldnt find any information on the forum regarding Annunaki is probably because you spell it differently.

: (L) Who were Enlil and Enki, the Annunaki of Sumerian stories?
A: Great teachers.
Q: (L) Were they human or extraterrestrial?
A: Extraterrestrial.
Q: (L) Where did they come from?
A: Cassiopaea.

 

[Zaphod]

Gold Or Cigarettes?

There's various people I've been listening to regularly recently .. Gerald Celente, Cliff High and a number of others. I can't say I'm in agreement on all of their respective points however, when they bring up the subject of a harsh global economic correction currently in the making, I think I'm pretty much convinced. The evidence seems overwhelming.

However, I can't say I'm sold on this apparently popular idea of buying precious metals. One of the arguments against the fiat monetary system is that there is nothing of value to back it and this is absolutely true, but what genuine value lies in gold? You can of course make shiny, useless ornamentation from it and radically over-engineer electrical connectors for circuit boards which progression will render obsolete within a year.. but apart from that....?

And this of course, all relies on you being able to take delivery of your gold (or it's equivalent worth) in a system which has collapsed or is collapsing, and that what's left of the authorities, don't 'confiscate' it .. along with any other shiny things they might happen to stumble across in your family safe..

But what concerns me the most, is that for gold to remain a currency in this situation, it would rely on everyone agreeing that it had value, when in a survival situation its intrinsic value is, if not very nearly zero, then very actually zero. It's a shiny metal, of very little practical use. I can't help feeling in a survival situation, it's comparable with fiat currency in this respect. You can smile as wide as you like at your big pile of federal notes/gold you stole from an abandoned bank while the establishment was too busy shooting homeless people to notice; but the reality is, if no one wants to swap your notes/gold for food, water, clothes, medicine etc, you're still going to die. And why would anyone in that situation want to swap the useful for the useless?

My money's on seeds, ploughs, sheep and the skill needed to grow them successfully. Cigarettes, alcohol, sanitary products, tools.. Anything really which has a practical use for making a miserable existence, just a little more bareable. Gold does none of this. Like fiat money, it's only what you can acquire with it that actually has any tangible value

For all this, it's entirely possible that gold will bizarrely remain a recognised currency, even in the blackest of markets. If a horse can become a senator, I guess the belief in the high value of shiny metal surviving a mountain of evidence to the contrary is tame by comparison. However, I find it a little difficult to put that much of my faith in something that has the same vacuous and elusive level of intrinsic value as the federal note..

 

[agni]

Re: Gold Or Cigarettes?

They will say pretty much about anything to pump the economy by making people to buy goods. One thing for sure, you can't eat gold ;)

But on more serious note, me thinks it's a distraction for masses: "Prepare for outcome", rather than "find out who & why is behind the disaster", and "something needs to be done".

 

[Buddy]

Re: Gold Or Cigarettes?

If you can afford to buy and possess some gold, it will probably be tradeable as long as it's rare (hard for folks to get as a matter of routine). Mostly because everyone seems to be aware of, and agreeable that gold should have some universal value, like was stated. If one cannot afford gold or other precious metals, then I tend to think the focus should be on others.

If the main concern is where to place your faith, then I would simply point to the people in our communities and wider geographical area, because anything can be traded if it's something that is needed.

Fwiw, I don't think gold would be worth much to me if my kids were starving, unless I could flip it to someone who had some food. I am seeing how serious things can get (and are getting for some people) in my area right now, and for many folks, basic needs are all that's going to be met for some time to come, it seems.

 

[Guardian]

Re: Gold Or Cigarettes?

Ammo ..always a good buy. You can either trade it for dinner, or shoot dinner with it :)

 

[go2]

Re: Gold Or Cigarettes?

… what genuine value lies in gold?

The mind of man determined the genuine value of gold in millions of transactions over millennia on the planet earth. Gold differs from fiat money issued by governments or government granted monopolies in that gold is no one’s promise to pay. Gold is not debt money and stands alone as a preferred store of value.

We do not consider gold to be currency, but an asset. It serves the value storing function. It is true the gold does not work well as the exchange function of money. Have you considered money functions? Governments force humanity to store our surplus in fiat instruments or fiat denominated instruments, such as stocks, bonds, or cash so they can steal our labor and life savings.

When the Central Bank Cartel and governments wish to spend more on war, welfare, or police power, they create fiat money instruments which devalue the existing instruments which store our surplus as savings. They clandestinely tax our savings by this criminal method of fraud and counterfeit. Zaphod, I assure you that government or banks cannot create gold from thin air. I would rather trust gold, than government paper. It is harder to steal.

By the way, you can’t eat paper either and when the collapse of the fiat monetary system occurs, no one will take your paper, which will be worthless; but people will trade gold for food, medical attention, shelter, land, guns and ammo, gasoline, etc., anywhere in the world.

The value storing function of gold is a practical, prudent, and valuable service to mankind. The storage of human energy and creativity and the capacity to transfer the same through time and space is a genuine value. This is the intrinsic service gold provides for humanity.

Zaphod, I think food production skills, equipment, land, and seeds are valuable to prepare for the looming destruction of the economic and political systems of slavery on this planet. However, if you have surplus, I suggest gold is the best alternative to store wealth through the collapse in the hopes that humanity survives and will rebuild with a money system which separates the value saving, the measuring, and the exchange functions of money so that we are not defenseless before criminal cartels masquerading as banks and governments.

For those with an interest in these matters, I will link to a blog with an accessible examination of gold and its role as money in history and its emerging function as the ultimate store of value by “power possessing beings” who will not perform for paper. I have read the archive and comments. It is an education on the role of gold as money.

http://fofoa.blogspot.com/

 

[Franco]

Re: Gold Or Cigarettes?

There's various people I've been listening to regularly recently .. Gerald Celente, Cliff High and a number of others. I can't say I'm in agreement on all of their respective points however, when they bring up the subject of a harsh global economic correction currently in the making, I think I'm pretty much convinced. The evidence seems overwhelming.

However, I can't say I'm sold on this apparently popular idea of buying precious metals. One of the arguments against the fiat monetary system is that there is nothing of value to back it and this is absolutely true, but what genuine value lies in gold? You can of course make shiny, useless ornamentation from it and radically over-engineer electrical connectors for circuit boards which progression will render obsolete within a year.. but apart from that....?

And this of course, all relies on you being able to take delivery of your gold (or it's equivalent worth) in a system which has collapsed or is collapsing, and that what's left of the authorities, don't 'confiscate' it .. along with any other shiny things they might happen to stumble across in your family safe..

But what concerns me the most, is that for gold to remain a currency in this situation, it would rely on everyone agreeing that it had value, when in a survival situation its intrinsic value is, if not very nearly zero, then very actually zero. It's a shiny metal, of very little practical use. I can't help feeling in a survival situation, it's comparable with fiat currency in this respect. You can smile as wide as you like at your big pile of federal notes/gold you stole from an abandoned bank while the establishment was too busy shooting homeless people to notice; but the reality is, if no one wants to swap your notes/gold for food, water, clothes, medicine etc, you're still going to die. And why would anyone in that situation want to swap the useful for the useless?

My money's on seeds, ploughs, sheep and the skill needed to grow them successfully. Cigarettes, alcohol, sanitary products, tools.. Anything really which has a practical use for making a miserable existence, just a little more bareable. Gold does none of this. Like fiat money, it's only what you can acquire with it that actually has any tangible value

For all this, it's entirely possible that gold will bizarrely remain a recognised currency, even in the blackest of markets. If a horse can become a senator, I guess the belief in the high value of shiny metal surviving a mountain of evidence to the contrary is tame by comparison. However, I find it a little difficult to put that much of my faith in something that has the same vacuous and elusive level of intrinsic value as the federal note..

Gold is rare, scarcity is a part of human nature, yes you can't use it, but you can't use cash money either. The more rare something is the more difficult it is to fake and thats why gold has been and is used as currency.

 

[RyanX]

Re: Gold Or Cigarettes?

My Dad has this saying that he says from time to time:

"Only carry enough gold to bribe the border guards."

I think he might be right. There's no sense in hording gold if the economy collapses. It might buy you enough to get out of a bad area, but if you're stuck, then you'll have to revert back to your knowledge, which is far more valuable than any material item you could stockpile.

Just my $0.02.

 

[manitoban]

Re: Gold Or Cigarettes?

… what genuine value lies in gold?

The mind of man determined the genuine value of gold in millions of transactions over millennia on the planet earth. Gold differs from fiat money issued by governments or government granted monopolies in that gold is no one’s promise to pay. Gold is not debt money and stands alone as a preferred store of value.

Yes, that is the difference - holding gold you actually own something of value itself, with fiat money, you have a piece of paper that the government has decided is legal tender, even though it has no intrinsic value and is not backed by physical commodities such as gold or silver.

I'm of the opinion that it would do no harm to hold some gold if you can afford it, in addition to other basic preps. It may turn out to be of little use in the longer term if things really collapse, but in the meantime, don't forget that those who purchased gold instead of stocks were one of the few who didn't have their savings collapse in the market crash. They were able to preserve their wealth, because gold rose in value, unlike most stocks.