Posts Tagged 'gold'

Gold at 42 cents an ounce

I’m a gold bug. I’ve bought it as a means of trying to give my measly savings some security against the obviously totally bogus totally manipulated paper money crap.

Gold had been rising steadily in (manipulated)price in the medium terms for about 10 years. So many ‘alternative’ websites were going on about gold going to $2,000, $3,000, $4,000, enve $5,000, etc an ounce.

Well where are those voices now? Gold reached it’s peak at about #1,900 and ounce now it’s about $1,570. It’s lost about 18% of it’s value. Where are those voices? Those crystal ballers who magically “knew” what price gold would go to.

Where are those voices? Why are they not crying at the fact that gold has lost 18% from it’s high. If it were a sham bank, the ‘alternative’ webosphere would be mocking the said fraudulent institution with glee, preparing the champagne for when the collapse went past the point of criticality.

Come on you Mistic Meg’ers (mistake meg!) when gold went up to $17,00… $1,800 you were going “I told you so”, well you didn’t see this 18% loss did ya?

I’ve been getting a tad tired of the ‘alternative’ webosphere on occasions, and often wonder if it’s not part of a game of ‘bipolarisation’. And the ‘crystal balling’ about gold prices is especially tiresome.

Well I’m tired now, so I’ll call it a day.

P.s. I’m not the slightest bit worried about the gold price, cos I’m only interested in the LONG TERM and savings. If you speculate on gold, well, you just as bas as those crap heads wheeling and dealing in derivatives. Gold at 42 cents an ounce does NOT worry me at all. I have total confidence that gold offers THE greatest safety net for savings protection. If gold really did go to 42 cents  an ounce, I’m fairly certain the fictional money we use today would experiencing far grater problems, e.g. there may only be 5,000,000p in circulation!

P.p.s. I know the value of gold hasn’t really increased or decreased, rahter the fictional value of the dollar has been manipulated relative to  gold. The upward trend of $ against ounce of gold was fully legitimate due to money being debt and the cranking up of the money presses in ‘quantitative easing’ exercises. That “gold has lost value” seems to me to be re-calibrrating or just simple  manipulative suppression. The long term future of gold is absolutly assured. So do yourself a favour don’t give a crap about the “price of gold”. Either going up or down. When you want to protect you earnings, buy gold. Do also with the sincere intention of spending it.

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Still wrong

Bill Still. A name that deserves it’s own complete sentence. What can I say about Bill. A true legend in educating people about the history and nature of money.

Bill’s got some intersting ideas, which seem so simple, yet so powerful, with regards to significantly reducing the problems that stem from the current financial system.

The main problem that Bill focus’s on, is that of (so called) sovereign governments borrowing money from private bankers. Bill argues that if this situation ended, then a great destructive force would stop wrecking national economies and most importantly the suffering of the man on the street, would diminish.

By borrowing money from private banks (or the bank of the private bankers, like the US federal reserve), interest becomes payable upon it. While the USA was able to plunder resources of other countries, it was able to use those resources to offset (some in excess) the cost of borrowing money. But it’s become harder and much more expensive to wage those wars of theft. Hence the problem of borrowed money has (“sacred”)spiralled out of control. (All to plan of course).

Anyway, the problem with Bill is that his proposals are only a half-way house. Sorry, that’s unkind, let me re-quantify. Bill proposals are perhaps a “90% way house” in his favour, but Bills proposals will also ultimately cause problems.

Why? Because bill is an advocate of creating money, by creating/printing/minting debt free notes and coins (from materials that do not reflect the actual value of what they are constructed from). Although Bill has correctly identified a principle element of usury – the borrowing of money against which the amount due for repayment is greater (in monetary terms) than the principle (initial) amount borrowed. Bills call to creating money is simply a second dimension of the same usurious beast, even though it would result in lesser severity and have the associated problems occur over a longer time span.

The best form of money has as it’s prime property that of intrinsic (inherent/fundamental/inescapable/within itself) value*. If I am to sell an object, say a sheep, I want an object or token of payment that actually reflects the value of the sheep. e.g. a gold coin. What if that gold coin could be bought for $253. Which would I be happier to receive? – the gold coin or $253? I’d much prefer the gold coin. Why? Because the gold has intrinsic value but the value of the note is nominal i.e. the note has a purely fictional value given to it. and not a real value at all. By accepting the note, I’d be selling my sheep for a temporary illusion of value.

Yes, there’s a part of the value/cost of gold that is nominal, but the nominal amount is nowhere near as significant as for the note. The intrinsic value makes it have ‘value durability’. No matter that nominal fluctuation imposes itself upon the gold, the intrinsic value remains. This is not the case for nominal fiar currency. The value of the nominal value paper note is demonstrably unstable and subject to devaluation via inflation. As mentioned, Bill Still says that currency devaluation is largely because government borrow their money, But even if a government did print it’s own money, it would be creating money out of nothing i.e. ‘making money’ (which is almost exactly the same as the outcome of lending money on interest!) and then it would have a nominal value imposed upon it, subject to the political needs of the government. So Bill’s idea is in fact just a mini-me version of the current reality. Creating money is in itself inflationary robbing those who earn from the trade of their goods and services of the results and rewards of that trade. Robbing everyone of degrees of hard earned financial security; A scandalous rip-off.

And before you write in mentioning hyper inflation in Hapsburg Spain, realise that situation was much different from what would be the case today. It’s actually poetic justice that the gain of gold based on exploitation plunder and tyranny was self-destructive. In an ideal world where fair and honest trading takes place, I simply cannot believe large amounts of gold would a) be able to accumulate in such amounts b) that there would be no healthy economic ‘sink’ for that gold to be spent. In today’s world, there are many potential costly sinks today e.g. helping the 1 in 7 on the planet that do hungry each day, cleaning up pollution, providing decent housing / regeneration and health care, construction of mega projects such as PV arrays, irrigation or arid lands, research into sustainable energy etc etc etc. None of which were available in Hapsburg Imperialist Spain.

So Bill, you are still wrong. Gold is the ultimate in currency. Your solution, although it would reduce the severity of what we see today in global finance, would still cause more problems than is the case for the use of Gold and silver.

Bill has said why would you want a currency whose quantity is restrictive – I believe I have answered his query above. Bill (and others) also argue that it’s not the token that’s important, but who controls it. Again, I think I’ve scotched that ‘concern’ above.

I am NOT saying that the common man will be utterly free of the evil manipulation of money if gold and silver were to the principle form of money. What i am saying is there is no system that is better than the use of sliver and gold. The maximum number of people would benefit and the least amount of people would suffer.

If we all used gold and silver there would be little currency speculation, bolstering G&S’s retention of value even more.

* It has intrinsic properties because of its physical properties of being rare, soft and inert/indestructible, all of which make it perhaps the most desired material for jewellery/ornamentation/beautification as well as being physically useful.

P.S. Max Keiser is also wrong, for a similar reason. He advocates using interest as a financial control. Ellen Brown is also wrong. She advocates borrowing more money to spend her way out of some of the current economic troubles in the US (and wider) economy. Inflation causes a diseased economy. I posit the way to kill any Hapsburgian type problems would simply be to give a fair chink of gold and silver to the poor (perhaps from mass employment – putting the gold aside only to cater for payment of the labour of the poor). I suggest at a stroke that such a thing would have nullified any such negative Hapsburgian pressures.

Psychology 2

Psychology

 

Ecnomic fraud

Why gold is a major step to a more sustainable and fair economy no matter how much is (currently) in the hands of the same old priviliged few.

“The exchange rate is one of the main drivers of economic policy, more so even than productivity,” – Brazilian Finance minister Guido Mantega. Source: http://www.bbc.co.uk/news/business-12148841

“In September last year he accused some rich countries of deliberately devaluing their currencies to boost exports and make their economies more competitive.”

Somehow I think he would have been very happy if it had been the other way around and Brazil (and himself in a personal capacity no doubt!) was seen to benefit from currency speculation, as is exemplorary of fraudulent economics. You keep your mouth damn shut until it’s your time to get hit. First they came for the communists… We see this from what the BBC reports he said earlier. “Finance minister Guido Mantega said Brazil was preparing moves to prevent further appreciation of its currency.” and indeed the whole point of the article that almost all countries will pull these stunts within a fraudulent economic system.

Also this “Forbes magazine ranks [Eike Batista, Brazil’s richest man] him the eighth richest man in the world, with a fortune of $27bn (£17bn).” – source: http://news.bbc.co.uk/2/hi/programmes/from_our_own_correspondent/9348299.stm

Call me backward, but surely NO system of fair economics could see this amount of money being made in such a short time. They guy might be quite nice and be may give millions to charity, but there just doesn’t seem something right about a man having a personal fortune in excess of many small countries.

He could spend £16.9 of his £17 bn quite easily on stopping the 1 bn+ people across the planet who go hungry every day.

It’s just not right.

Use of gold and silver is the bedrock of an honest economy.

p.s. apologies for my rudeness in not replying so far to the comments left on this blog…

Gold could go up to $666,666 / oz

I’m sure the tiny number of people who come to this blog are the kind of people that would go to other websites where headlines like the above can be seen. I wonder if they are also the kind of people who get annoyed at such stupid headlines.

Gold could go up to $1,000,000 dollars and ounce,

or

it could go to $0.01 an ounce.

Do these sensationalist headlines serve any purpose? They almost always appear on what’s termed ‘gold-bug’ sites, in a “I was right” kind of way. But they aren’t right… at least no yet, and of course they could be wrong. These silly headlines and articles encourage speculation (bad) as well as income protection (good).

So buy gold not because you want to ‘sell’ it later for worthless dollars if the price in worthless dollars increases, but buy it because you don’t want your savings to become worthless, meaning you have to be prepared to trade in gold and other commodities such as silver or even foodstuffs with long shelf-lives (dates, wheat, barley, rice, sugar…)

An important message – not quite from my sponsor.

I believe (not surprizingly) in the Islamic system of money which employs principally Gold and Silver, and Food as currency. It’s inflation proof and I believe it hinders hideous wealth accumulation by the few becasue it seems conglomeratization/megacorp/multinationals would be difficult to form/swell under the Islamic system. Maybe I’m wrong, but that’s how I see it so far.


99.99 Gold. Go on get some. You know you want to.

It’s an economic system (and whole life system) I believe to be revealed by God and therefore cannot be bettered by idiotic man. Even if you don’t believe in God, it would be a worthy exercise to study the Islamic principle of money and trade (good and bad) on it’s merits alone.

That means I believe a return to Gold is the only solution and an answer to the horrendous ecomomic cruelty we have in the world today. Most readers of this blog will already know the current system is a scam and a farce.

Should I keep quiet of my belief in Gold, perhaps only encouraging my fellow Muslims to purchase Gold and seek its return as the system of trade? If I was a selfish then perhaps. However, whether you like me or not, love me or loathe me, I’m going to advise you to do all you can to leave this junk fraudulent system behind and purchase Gold, and I really hope you do so.

Here’s a post from one of the “Gold sites” I sometimes visit and get info from. (P.S. I have no tie to that site at all – this isn’t an advert, simply an encouragement to buy Gold and a posible source from where you can get it)

Dear Galmarley user,

At the weekend our global financial crisis took the first step down an ugly new path, with the creditworthiness of America’s two great mortgage brokers, Fannie May and Freddie Mac, being called into question. The US Treasury were forced to issue announcements appearing to guarantee their protection.

 

If you don’t already know about these two organizations, it’s hard to appreciate the scale of the news. Fannie May and Freddie Mac are the giants of mortgage business in the USA. They stand behind an incredible $5 trillion of mortgage guarantees.

 

But with US house prices in free-fall their share prices have collapsed; Freddie’s decline last week was from $14.50 to $4.28.

This time last year it stood at $55.

Fannie’s and Freddie’s mortgages are financed mainly by bond issues, and the bonds are sold to the world’s financial organisations.

“The Economist” magazine has for years been commenting on the strangeness of these bonds’ status, because although officially they are NOT government backed, they have been treated by everybody as if they were. 

Their status is now important because their solvency has been called into question both by the markets and by William Poole – until March this year a full member of the US Federal Reserve. Poole is notable for being a lone dissenting voice on the Fed’s Open Market’s Committee. We don’t know if he’s a loose cannon or a beacon of truth.

 

The protective reaction of the Treasury certainly suggests a national guarantee stands behind Fannie and Freddie. Yet the strangeness of the bonds – their quasi-private status – means they are not on the public accounts. That is wrong.

 

In accepting responsibility for these liabilities the US government has catapulted its public debts from $10 trillion to $15 trillion.The $100,000 of debt owed by every American family, and borrowed on their behalf by successive US governments since 1980, is the unmentionable whore in the family of US fiscal competence. A 50% increase in it overnight is very, very serious, especially when it is known that the underlying asset backing is already insufficient and is still falling.

 

Perhaps we are entering a new phase of the dollar collapse, with double-digits for both interest rates and inflation. Bonds look more and more risky.

—————————————–

Very few people have the foresight to buy gold bullion. Those who do are insuring their savings against the awfulness of our current situation, and naturally enough the ‘premium’ for that insurance is rising.

 

Perhaps you have heard commentators comparing our ugly 2008 economic situation to the 1930s depression, and to the 1970s ‘stagflation’. Well, between 1929 and 1934 bonds and businesses were collapsing everywhere, and gold’s investment purchasing power rose 17 times. Then between 1971 and 1980 it rose 15 times.

 

So far in this cycle gold has only risen three times from the bottom. With organisations like Fannie and Freddie in trouble that looks like denial. I believe we’re still nearer the bottom than the top of gold.

 

When you first registered on BullionVault we were quite a bit smaller than we are now. You may remember I offered you a free gram of bullion to allow you a chance to experience owning gold in Zurich. I’m writing to repeat that offer to you. We’re a much bigger organization now. We have 50,000 registered users and 7.5 tonnes of gold bars stored on their behalf in London, New York and Zurich. According to the IMF that’s twice as much gold as Canada’s central bank.

 

Our business is to make owning gold simple, secure, cost-effective and totally transparent.

 If you’re like most of our clients you’ll want to know exactly what you’re getting into. So here I’ve explained clearly how the BullionVault service makes safer and costs you less: http://www.BullionVault.com/Gold/How/ReadyToBuyGold

 

…when you’re ready you can take the next step here:

https://www.BullionVault.com/secure/registration.

do …and you’ll get a free gram of gold bullion when you register. Finally here’s a simple step-by-step guide to walk you through the whole process for acquiring gold bullion in Zurich, Switzerland:

http://www.BullionVault.com/help/getting_started_steps.html

 

Best regards,

Paul Tustain, Director

Caveat : Please remember that neither I nor anybody else actually knows how serious the economic situation is going to get. I believe gold offers protection, but prices could fall as well as rise.

———————————————————-

Not for you? To end these messages now, just send an email to:

nomoreplease@bullionvault.com

 

 

 

 

 


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November 2017
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