The Golden Truth: Some Weekend Scenery

Sunday, September 5, 2010

Some Weekend Scenery

12 comments:

TyroneSunday, 05 September, 2010
That first chart could be titled, "Beauty and the Beast".
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Dave in DenverSunday, 05 September, 2010
Good point
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VigiliantVirginianMonday, 06 September, 2010
Dave, it's a holiday and things are slow so tell us about your political leanings and philosophies. Some readers like myself are interested in learning more about where you are coming from politically.
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bix1951Monday, 06 September, 2010
sigmoid curve ahead?
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Dave in DenverMonday, 06 September, 2010
VV, I'm a libertarian, laissez faire, free market guy. If you read or have read Atlas Shrugged, that is probably about as close as you can get to my political, sociological, philosophical, economic views. I'm mostly of the Austrian School of economic thought. At this stage of The Game, I believe that it is Government vs. the People, where the Government has become Mussolini's definition of "fascism," in which big corporate interests have taken control of the political/Governmental process and everything is done for the benefit of big business and those who control the big corporations.

That help?
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VigilantVirginianTuesday, 07 September, 2010
Yes, thank you.
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JoeTuesday, 07 September, 2010
Dave,

Funny but I was just thinking about corporate fascism yesterday and if our founding fathers were to come back to life today they would be branded a terrorist and enemy of the state.

George Ure reported today somebody just bought 4600 Gold contracts, any comment on that.

Joe M.
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Dave in DenverTuesday, 07 September, 2010
Joe that is so true re: founding fathers. The Patriot/Homeland Security Acts and the Detainee Bill have OBLITERATED the Bill of Rights. It's really sad.

I dunno about 1 4600 cart buyer. Overall volumn on Comex gold right now is 78k contracts. Not very heavy. Silver is a heavy 29k carts.
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stibotTuesday, 07 September, 2010
But why you didn't put snapshots of your own treasury? So, perhaps in next article..
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Dave in DenverTuesday, 07 September, 2010
my own treasury? what do you mean?
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stibotTuesday, 07 September, 2010
Meant something like that
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Dave in DenverTuesday, 07 September, 2010
I think you know why I can't post any pics like that of the U.S. Treasury's gold: because it aint' there to be photographed. Hasn't been officially, independenty audited since like 1954 or 1955. It's been mostly leased out/sold.
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Why Gold?

Gold is the world's oldest currency. You exchange your fiat currency (dollars, euros, yen, yuan) into gold as an insurance policy against catastrophic Central Bank and Government policies which serve to destroy the value of fiat currencies and destroy democracy.

Gold can ONLY be considered an investment to the extent that it remains significantly and historically undervalued in relation to the fiat currencies against which its value is measured. Otherwise it remains the world's oldest currency and is completely free from the counterparty risk associated with currency by Government fiat (i.e. fiat currencies rely on a Government's "full faith and credit.")

Quote Of The Month Courtesy of "Jesse"

Unfortunately for Larry Summers, Ben Bernanke, and their friends at the BIS, they have not yet figured out how to print physical gold, silver, and other essential commodities, and the world is reaching the point where it might simply start ignoring the New York based markets with respect to essential commodities such as basic materials, oil, foodstuffs, and the like, as they become increasingly irrelevant, fraudulent, and Orwellian. And then where will the financial engineers be, except with no more excuses and no place to hide?

Here is the link to his entire commentary, well worth a read:

http://jessescrossroadscafe.blogspot.com/2010/07/gold-daily-chart-shock-and-awe-for.html

Great Quote From Jim Rogers On Govt CPI Reporting

JR: I mean, we have inflation now. If you go to the shop, whether it’s groceries, or education or insurance or health care, prices are going up for everything. The government lies about it in the US. Some countries lie, many countries don’t: Australia, China, India and Norway. Many countries don’t lie about it and acknowledge that we have inflation. Others lie about it, the UK and the US, but if you go shopping you know prices are up.

Q: Are you saying that the American Consumer Price Index (CPI) published by the US Bureau of Labor Statistics is a lie?

JR: In my opinion, yes, of course it is. Have you looked at it? They’ve changed their accounting several times in the past few decades. When housing was 20% to 25% of the CPI and housing was going up, they didn’t count it, saying rents weren’t going up, and then when home prices started going down, they counted it. It’s the same with many things. It’s staggering some of the tortuous reasoning that the BLS has used over the past 25 or 30 years. When the price of gasoline goes up, they say it’s not really going up because it’s better gasoline, better quality, therefore you’re getting more for your money. I mean, it’s endless, the stuff that they say and for some reason people sit there, although more and more people are catching on, and accept what the government says.

source: www.clusterstock.com

Quote of the Week

"The primary function of a Central Bank is to engage in the massive transfer of wealth from the middle class to the wealthy elite. The Federal Reserve was set up to do this with the blessing and support of Congress." - Dave in Denver

If you refuse to believe the above, please read "The Creature From Jekyll Island: A Second Look at the Federal Reserve" by G. Edward Griffin and then explain to me why the Senate voted down the Vitter Amendment and Congress refuses to pass a law requiring a full audit of the Fed, even though the Fed is using taxpayer-backed money to bailout Wall Street and Europe.