Please Note: Blog posts are not selected, edited or screened by Seeking Alpha editors.

Gold And Silver - From Now On All That Matters Is That You Own Both

Saturday 1 March 2014

Circumstances are at such a point that one no longer needs a
justifiable reason for being long physical gold and/or silver. Does it
matter that the 50 day moving average is going to cross the 200 day moving average, now being bandied about as though there were a
degree of magic associated with the event? Does it matter any more
that China remains a record buyer of physical gold for over a year?
Did it ever matter that coin sales to the public have been setting
records for well over a year?

Will it matter to know that the manipulation of gold has now been
acknowledged by the totally incompetent main stream media? Is it
not a foregone conclusion that nothing will come of any
"investigation" by the bought-and-paid-for agencies responsible for
ensuring such "events" do not happen? Does it matter that the
"suicides" of several bankers over the past few weeks have all been
immediately determined as "non-suspicious" by police on the scene?

The answer to all the above should be an obvious No!

What does matter is that the elite's fiat banking Ponzi scheme has
been producing more and more digital "currency," which does not
exist except as an IOU to the recipient countries that are being bailed out. "I-will-cut-the-deficit-in-half" Obama has allowed the privately
owned, [by the elites], Federal Reserve to run up the US deficit to
over 17 trillion fiat Federal Reserve Notes.

[You can continue to play the Fool's game and call them "dollars," but in reality, in fact, and in law they are not. However, the elite's Ponzi
scheme of deception has people everywhere believing the Fed's fiat
currency is a "dollar" and somehow has "value."]

fiat\Fi"at\, [as in money], noun: irredeemable paper currency, not
resting on a specie basis, but deriving its purchasing power from the
declaratory fiat of the government issuing it. [1913 Webster
dictionary]

The definition of fiat has been known for quite some time, [certainly
before 1913], yet it does not seem to bother US citizens that the
purported "money" that they think they hold is actually a dollar, a
deception purposefully perpetrated by the government, in
collusion with the elite's central banking system. [Europeans have
the fiat Euro].

Would it bother you to find out that your spouse of so many years, or someone you trusted, like a best friend, has been deceiving you into
believing a falsehood? falsehood: an untrue representation or
assertion]. Once you discovered you had been duped, for decades,
would you ever be able to trust or believe in that individual again?

The Federal Reserve, along with the corporate federal government,
have done just that. If a Federal Reserve Note, [FRN], is not a
dollar, then what is it? It is a commercial debt instrument issued by
the Federal Reserve. Here is another revelation for those who have
chosen not to question anything: Debt, by its very definition: an
obligation to pay, cannot be money!

Add to that is the other pertinent fact that the fiat FRN is
irredeemable. It has no, zero intrinsic value. What ever value you
may think a FRN has is purely imagined.

Then there is this not so little interesting fact: The Federal Reserve
creates FRNs at the cost of paper and ink, then loans its
irredeemable fiat paper to the United States Treasury, for which the
US taxpayer must pay back, with interest, to the Fed. Guess what
the Fed will not accept as a form of repayment? The very same
Federal Reserve Notes it issues. The Fed, as a part of the elite's
corrupt scheme, demands gold and silver as payment in return for
the created-out-of-thin-air "money."

Fed to the bankrupt US government: "You do not have any more
gold and silver to repay your debt to us? We will take over the U S
Forestry Department as payment. We now own it, and it will now be
known as the US Forestry Service. The public will not be any wiser to the switch." "Now we will take over, as in own, the US Post Office. It
will be called the US Postal Service. The public will not notice the
switch in name." Etc, etc, etc.

The elites own the US through the passage of the Federal Reserve
Act of 1913, passed on 23 December, two days before Christmas,
when any opposing senators would be home on vacation and unable
to cast any vote against the Act. One of the most important Acts
passed in this country was done at a time when senate custom was
not to pass anything from early December through early January,
while most traveled home for the holidays. Travel, in those days,
was by horse and carriage and train, primarily, to put this fast one
into context.

The elites never take a holiday. For a reason.

When one begins to comprehend the enormity of the theft of all the
assets of the US by the elites, for it defies the imagination of most
and cognitive dissonance operates to prevent people from believing
the truth when presented, for the Lie has been so well sold by the
elites through the government and the elite-controlled media. When
the enormity of what has transpired in a well-conceived takeover
scheme, spanning decades so as to not arouse suspicion, so many
things taken for granted are seen in an entirely different light.

Going back to the fourth paragraph, what does matter is the never-
ending creation of new debt, now over $17 trillion [FRN], as
mentioned, because every fiat system throughout history as failed,
and the American people are going to be in for the financial shock of
their lives when the FRN "dollar," as it is known, gets devalued in the not too distant future. By how much is unknown, but anywhere from
30% to 70% is likely, if not all at once, then in a few stages.

Those who already own gold and silver will be protected, to a larger
degree than otherwise, against the certain-to-come devaluation[s].
We have been advocating the buy and hold strategy for over a year,
specifically for physical gold and silver and personally holding the
PMs
, as well. One of the provisions of the Patriot Act, [such an
appealing sounding name, is it not?]...forced through at the direction of the elites to gain further control over unaware citizens, allows the
government to raid anyone's safe deposit box that may hold either
gold or silver. Still trust the banks?

Some own gold and silver from much higher prices. That is okay
and not a cause for concern. When the fiat Ponzi scheme fails, the
unnaturally suppressed prices for both PMs will make $50 silver
and $1800 gold look like an incredible bargain.

Consider this, a few days ago, the Chinese yuan took the largest
drop in five years against the fiat "dollar." China is now recognized
as the largest holder of gold. The United States has become the
largest debtor nation in history. You have to ask yourself, how is it
that the nation that owns the largest gold supply can have its
currency decline against the nation that has the largest debt? It
defies logic. The games that go on between countries is way beyond
us as individuals, and in reality, people are just pawns in the
geopolitical scheme of things.

The takeaway from all of this is the more than ever pressing need to
keep on buying as much gold and silver as one can afford. Forget
price. Ownership is all that matters. No one has a timetable for when things will fall apart, but the signs continue to grow and favor
disintegration of the fiat FRN.

The entire world-wide banking system is corrupt and run by corrupt
people whose only objective is to steal as much of your money as
they can. We are of the mind that the Western banking Ponzi scheme can go on for longer than most expect. It could take one or even two to three years longer before the fiat system unravels. Things could
also go awry in the next several months. Regardless of when, the
handwriting is on the wall for those who pay attention.

Despite the growing acknowledgement that the COMEX and LBMA are just about out of gold, there is nothing glaring from the charts that flashes a dire warning sign. At some point, those in the know and in
control will show their hand, somehow, in the paper market. There
are changes underway, but all within what would be considered as normal in any market, even though the PM market, marked by
excessive manipulation, is far from being like any other market.

The most important aspect of the weekly gold chart is the COB,
[Change Of Behavior], for what should have been strong selling
was actually buyers overcoming sellers, and there was no further
downside. Price has not looked back, since.

Gold is near an area of resistance. What remains to be seen is how
any correction develops. For that, the daily shows more detail.

GC W 1 mar 14
A trend change, for us, occurs when there is a higher low that is
followed by a higher high, and daily gold meets that criteria. Gold
held the overbought upper channel line for several trading days,
certainly not indicative of a weak market.

For as much as we see gold likely to not trade substantially higher,
soon, that is a bias which must be ignored, for two reasons. 1]
Anything can happen, and 2] having such a bias tends to preclude
seeing activity contrary to that bias.

Friday's intra day activity appeared bullish, early on, and we
recommended a light position to the long side. It is more difficult to
position in a market that may be turning its trend, but one has to
follow a consistent approach and make adjustments as needed.

GC D 1 Mar 14

We are not sure how accurate the volume is for last week, but if it
is as high as shown, it created a ref flag against the downside. It is
something to watch for next week.

SI W 1 Mar 14

Instead of declining further, after Wednesday's large decline on
sharply increased volume, price held in a sideways pattern. There
is potential support in silver for the first time in a long time.
Depending on where the next correction stops, it is possible for
bullish spacing to develop. If so, it will add to what appears to be
a changing market.

SI D 1 Mar 14