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35 Comments
All the Gold in Saudi Arabia
A great article pointing out the 3 banks shorting gold with over 50% of the market:
www.resourceinvestor.c...
Saudis Made Right Decision in Refusing IMF Request, Investing in Gold
Recent articles show China and Iran doing exactly this.
I dont believe it will be too much longer before western nations are forced to follow suit.
Gold: Not Just for Gold Bugs Anymore
Currency systems have gone from disciplined money (aka fixed to gold or silver in some way) to undisciplined (ie print as much as you like) for thousands of years.
It is no more cataclysmic to go from pure paper to gold backed as it is to go from gold backed to pure paper.
How many people even noticed we went from gold backed to pure paper in 1971?
The average person has no clue it even occurred.
What Does the Recent Saudi Gold Rush Mean?
Thats actually kind of old news.
If I was the Arabs, and saw a potential for a USD devaluation, which doesnt take a conspiracy theorist to realize is possible right now...my next thought would be to how I could protect myself from such an event.
A gold backed regional Arab currency would fit the bill quite well.
Make the world pay for oil in Dinars (gold backed) would effectively make the world pay for oil in gold.
Now that would be smart business, imo.
The Fed Money Machine Gears Up to Print Trillions
Woot woot, Zimbabwe here we come!
China’s Manufacturing Crisis: The Real Story
This alone is a massive difference.
Weathering a storm while one has reserves built up is very different than entering a storm without anything to fall back on, worse, being the largest debtor nation in the world.
Jim Rogers on China and Commodities
Personally, I think Jim Rogers is a hoot.
Why Isn't Jason Zweig Bashing Gold?
So in other words, supply and demand having nothing to do with it, the only thing that affects the gold price is its correlation to something else, which has only behaved this erratically a few times in the last 150 years.
Ahh the comedy.
Lihir Gold: Price and Reality Part Ways
Chart: www.rapidtrends.com/bl.../
Ten Reasons Why Gold Isn't Above $1,000
Chart: www.rapidtrends.com/bl.../
Coming Soon: The $600 Trillion Derivatives Emergency Meeting
I did an audio update on this situation last week: www.rapidtrends.com/la...
Great article. Much needed info right now.
Silver: Gap Between Paper and Physical Prices Widening Daily
www.rapidtrends.com/bl.../
U.S. Economy on the Brink; Metals, Solid Currencies Are Best Option
"Since we’ve left the gold standard, the U.S. dollar has depreciated by 45 times, or 97.78%, in relation to gold. "
www.rapidtrends.com/bl.../
Higher Bills for the U.S. Means Higher Gold Prices
www.rapidtrends.com/bl.../
Chinese Government Intervention To Support Market
When they stop, it could get real ugly, real fast.
www.rapidtrends.com/bl.../