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aka Things that
make you go hmmm....
The best way to
rework the publics mind about gold money was by changing the way it was
viewed.
"It's money of course but let's also call it a "commodity! Then we
can place a "paper" value on it and denominate it in all forms of
future contracts. It will lose it's true value as money in peoples minds and
be priced in an unrealistic paper format." And here we are today!
The banks must sell all the gold they have to keep the system togeather. And
once it is all sold and the financial markets implode the nations will use
"whatever force is necessary" to pull the gold back in! That action
in and of itself would show the true value of gold money!
You see, gold is
not a commodity. The CBs have used every weapon to keep it's price low .
Understand me, Gold is now, today, a devalued currency being used in world
trade!
Do you think the CBs are selling gold to keep the dollar strong? They don't
have to sell to accomplish that feat! CB gold ( one billion ozs.? ) valued at
it's current commodity price is only worth 300 billion, it's nothing in that
price range! They know what it's US$ price is worth in terms of oil! They are
not stupid as they show.
You should not think they are dumb! Invest in gold mines, will you? Notice
how quick the Australian CB hinted at taking "gold in the ground"
if needed. This was said after their sale! The nature of the coming crisis
will make the taking of investor property a piece of cake. You see, because gold
is a commodity, you will be compensated at the commodity price of return + a
fair profit, of course.
How much further can they take this? The world private stockpiles that could
be sold have been. The CBs are heavy into their own stuff now and are over
their heads if they had to make good on all the private deals ( read my other
posts ) . The economic game is ending! Watch closely as the world currencies
and markets fall one by one. Watch in absolute wonder as the demand for oil
plunges and it's price goes thru the roof. Yes, oil stocks will crash with
the markets. And gold? You will never know it's price. It will stop all
trading as it slices thru $10,000+.
Who am I? As I will not be around for long so I am noone. But, follow with me
as all of this takes place in your time
Hear me now, what
the wealthy and powerful know: "real value does not have to always be
stated or converted thruout time. It need only be priced once during the
experience of life, that will be much more than enough!" Worldwide the
oil business is still conducted in dollars. But, an interesting side show is
now taking place that will change the way we think about gold and oil! If you
wanted to devalue the US$ against other currencies what would be the best way
to do it without LOWERING interest rates in the USA? Perhaps you want to cool
off an over active stock market without raising rates ? Could a smart CB
Chairman kill two birds with one stone ?
The falling
markets worldwide are an early warning that the gold for oil deals are coming
undone! As the big players are now heading for the exits in anticipation of
exploding oil prices, the selling pressure from the CBs will quickly come off
gold. The end of a parallel gold market pricing structure will leave many,
many players holding nothing at all! The third world markets are the first to
go as their currencies are crushed time and time again. Europe will be next,
closely followed by the USA!
As for the US$ and T- bills held overseas, "they don't really
exist"!
Current News Item
China Daily
Updated: 2008-09-12 07:32
China, which
holds a fifth of its currency reserves in Fannie Mae and Freddie Mac debt,
may cut the portion held in US dollars...
Now let's take a peek at America's gold:
This 2008 chart from the WGC lists America's
stockpile at 8133.5 Tonnes, or 261.5 million troy ounces.
But just yesterday, the Associated Press came out with this story:
How much gold is
stored at Fort Knox? And is it all the property of the American public?
Jeff Kimball
Salt Lake City
___
The vaults hold 147.3 million ounces of gold, all of which is owned by
the United States. The gold, which is worth more than $100 billion, is stored
at the United States Bullion Depository in Fort Knox, Ky. That's part of the
U.S. Mint, which makes the nation's coins. The Fort Knox depository is a
classified facility; no visitors are permitted.
Interestingly, Fort Knox isn't the largest depository of gold in the country
— a full 216 million ounces of gold, worth $160 billion, is
stored at the New York office of the Federal Reserve. Tours of the Fed's gold
vaults are available to the public.
The gold at the New York Fed belongs to foreign governments, central banks
and international monetary organizations, with only a small portion
belonging to U.S. government.
Jeannine
Aversa
AP Economics Writer
Washington
Okay. So the AP says that we have 147.3 million ounces at Fort Knox, and that
we have, and I quote, "only a small portion" of the 216 million
ounces at the NY Fed. (That's the place from Die Hard 3)
So subtract 147.3 million at Fort Knox from the WGC's 261.5 million and you
get 114.2 million ounces we should have that's not at Fort Knox.
114.2 million out of the 216 million at the NY Fed is exactly 52.9%. So 52.9%
of the gold at the Fed should be America's. Since when is more than half
"only a small portion"?
Something
doesn't add up.
Hmmmm.
FOFOA
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