Sunday, January 19, 2014
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What's the solution?
www.moneyandmarkets.com
Undisclosed exploration site
1 oz. Chinese Panda
1 oz. Gold Eagles
I'm not worried about how high in price gold is going, I'm worried about what the world around us will look like when it gets there
Eric Arthur Blair aka George Orwell
"Hope" is not a valid investment strategy
Full Time Jobs Over Last 5 Years
Is Your Gold Missing?
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.")
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.")
Got Gold?
GOLD IS MONEY...
EVERYTHING ELSE IS CREDIT
- J.P. Morgan
CONTACT ME:
QUOTE of the Year
Gold is the money of kings, silver is the money of gentlemen, barter is the money of peasants - but debt is the money of slaves
-Norm Franz, "Money and Wealth in the New Millenium"
-Norm Franz, "Money and Wealth in the New Millenium"
Blog Archive
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2014
(44)
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January
(20)
- Why The Fed Is Tapering And Manipulating The Gold ...
- Obama's State Of Disaster
- An Early Super Bowl Prediction: Denver By 10 Base...
- Apple (AAPL): LOOK OUT BELOW!
- December Existing Home Sales: The Housing Bear Roars
- Something Ominous May Be Coming At Us
- The Golden Rule
- My Prediction: Broncos By 10
- "The Hows And Whys Of Gold Manipulation"
- Is There Still Any Doubt About Gold Manipulation? ...
- Shortage Of Gold Bars Develops In London - Follow ...
- Just For Fun
- The Economy Is Starting To Free-Fall: Housing, Au...
- Goldcorp Offers To Buy Osisko Mining: The Bottom ...
- U.S. Government: If We Don't Like The Score, We'...
- Comex Gold Inventory: Do You Really Trust The Banks?
- Precious Metals Intervention In The Extreme - Let'...
- Ben Shalom Beranke Fiddles In Front Of Congress, U...
- The Price Of Gold: The Fed's 60 Seconds Of Desper...
- Monday's Pending Home Sales Report: More Negative...
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January
(20)
Epic Quote - "Jesse" Sent This To Me
"The world will soon wake up to the reality that everyone is broke and can collect nothing from the bankrupt, who are owed unlimited amounts by the insolvent, who are attempting to make late payments on a bank holiday in the wrong country, with an unacceptable currency, against defaulted collateral, of which nobody is sure who holds title."
- Anonymous
- Anonymous
The Basic Fundamental Problem
What's the solution?
“THERE IS NO MEANS OF AVOIDING THE FINAL COLLAPSE OF A BOOM BROUGHT ABOUT BY CREDIT EXPANSION. THE ALTERNATIVE IS ONLY WHETHER THE CRISIS SHOULD COME SOONER AS THE RESULT OF A VOLUNTARY ABANDONMENT OF FURTHER CREDIT EXPANSION OR LATER AS A FINAL AND TOTAL CATASTROPHE OF THE CURRENCY SYSTEM INVOLVED.”
Ludwig von Mises – Austrian Economist (1881- 1973)
Ludwig von Mises – Austrian Economist (1881- 1973)
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
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
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
Priceless Quote From Richard Russell
On Larry Summers: This doofus practically ruined Harvard when he headed it. I can't think of a worse choice to be chief economic advisor. I wouldn't trust Summers to manage a Starbucks franchise.
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.
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.
Quote of the Month
And very relevant in the context of yesterday's post about gold moving higher against all fiat currencies:
Just imagine what would happen if a mere ten percent of the money currently going into bonds were instead to go into gold. As in 1972, the real move has yet to begin.
- Murray Pollit, Pollit & Co.
A Picture Says It All...
www.moneyandmarkets.com
Golden ore samples produced by Eurasian Minerals
Undisclosed exploration site
The Next Reserve Currency?
1 oz. Chinese Panda
Guess who said this?
Rising prices of precious metals and other commodities are an indication of a very early stage of an endeavor to move away from paper currencies...What is fascinating is the extent to which gold still holds reign over the financial system as the ultimate source of payment.
-Alan Greenspan, 9 Sep 2009
-Alan Greenspan, 9 Sep 2009
THIS is what REAL money looks like
1 oz. Gold Eagles
Alan Greenspan said what?
“Deficit spending is simply a scheme for the ‘hidden’ confiscation of wealth. Gold stands in the way of this insidious process. It stands as a protector of property rights.”
From "Gold and Economic Freedom" a 1966 Essay by Alan Greenspan
From "Gold and Economic Freedom" a 1966 Essay by Alan Greenspan
About Me
- Dave in Denver
- I spent many years working in various analytic jobs and trading on Wall Street. For nine of those years, I traded junk bonds for a large bank. I have an MBA from the University of Chicago, with a concentration in accounting and finance. Currently I co-manage a precious metals and mining stock investment fund in Denver. My goal is to help people understand and analyze what is really going on in our financial system and economy.
Pats by 7.
ReplyDeleteYawwwwwn
ReplyDeleteLOL
DeleteNew England is never out of any game. Manning will have to pull out the silver spike and drive
ReplyDeleteit through New England's heart to go on to the big dance. He is very capable of doing it. This may be his last try..... Broncos and '9ers in the super bowl after '9ers upset Seahawks in Seattle.
New England is terrible in playoffs ever since Belichick got caught spying on opponents.
Deletehow many super bowls has Brady played in?
DeleteHave you noticed how they're finally unveiling the capitol dome? My all that gold is resplendent in the morning light. My bet is on gold. Meanwhile, it would take a miracle for the Pats to beat the Broncos. I think they used up all their luck in the last encounter. Broncos by 3.
DeleteToday's line from the Gold Sheets, Las Vegas. New England +4.5 Seattle +3.5
ReplyDeleteI say take the points and bet it all. (But I'm aggressive)
You nailed it!
ReplyDeleteMy call was right. For 2014 gold over $1800
ReplyDeleteYeah, but it first has to go under $0...
DeleteDude, you're like....... Kreskin!
ReplyDeleteJeez Dave, you are in the wrong profession. Making book in Vegas! You could collect some
ReplyDeletereal fiat!
What is your call for the super bowl? Baby needs a new pair of shoes....
LOL. "The less you bet, you the more you lose when you win!"
DeleteThe 10 pt call was lucky - Denver left at least 10 pts on the field.
You are just being modest. I like that in a man, especially a football fan!
DeleteCongrats on the win! I am not too upset, Patriots just did not have the talent to match Denver on either side of the ball. "Pot Roast" is a BEAST!!!
ReplyDeleteDave and others, EXCELLENT article on gold manipulation from including 1999 and similarities to now by John Mauldin titled the "weak that worked." It is on brotherjohnf site.
ReplyDeleteNice to see Welker get some payback on Belichick and Kraft.They messed with him after getting Brady to sign for less money in order (supposedly) to re-sign his best friend and best receiver Welker.But,like always,Kraft and Belichik lied and cheated and you got a great player Dave. Great to see big bad Bill wimper about the nasty hit Welker put on Talib.Go Broncos from Boston ! Love your work Dave !
ReplyDeleteNews » Business
ReplyDeleteKalashnikov signs contract at SHOT 2014 to ship rifles to USA and Canada
16.01.2014 | Source:
Pravda.Ru
Kalashnikov signs contract at SHOT 2014 to ship rifles to USA and Canada. 51953.jpeg
On January 14, the administration of Kalashnikov Concern signed the agreement with the United States and Canada to deliver 200,000 AK rifles to the countries annually.
According to Kalashnikov press secretary Elena Filatova, "on 14 January, in the framework Shot Show 2014, Concern Kalashnikov, which is a part of State Corporation Rosteh, and Russian Weapon Company (RWC) signed an exclusive agreement to supply the products of Izhevsk gunsmiths in the U.S. and Canada. in accordance with the terms of the agreement, RWC acquired an exclusive right to supply Baikal and Izhmash sporting and hunting weapons to the U.S. and Canada. The rifles are produced under the brand name Kalashnikov. The volume of exported weapons will range from 80 to 200 thousand pieces per year.
Earlier, spokespeople for Kalashnikov mentioned an opportunity to deliver such volumes ot weapons to the United States and Canada. Under the contract, the concern will conduct warranty servicing to the products
http://english.pravda.ru/news/business/16-01-2014/126610-kalashnikov-0/
http://kingworldnews.com/kingworldnews/KWN_DailyWeb/Entries/2014/1/21_Expect_Massive_Short_Squeeze_In_Gold_%26_Bullion_Bank_Lawsuits.html
ReplyDeleteJohn Hathaway says It may take just minutes, days or weeks, but a circus of retribution is rolling in town. With many, surprisingly brazen tactics now in the open, he sees a short squeeze too.