Edward Ulysses Cate

Is a Gold Correction Imminent?

I understand comments like allforone and also those saying if you don't like it here, leave. The problem is, like my commentary 2/15/2008, "There's No Place to Run, Jim Rogers!" There's really no choice but to wise up and stop letting financial sociopaths lie-to and steal-from you and the rest of us. They won't stop till they have it all, but even then it will not be enough. It won't be easy, as almost everything is already owned and controlled. An exception would be the farmer's market in your town, which demonstrates REAL free-trade and honest capitalism. It's your starting point.

Groundbreaking WSJ Story on Gold

As far as physical gold and silver versus promises are concerned, which level of safe keeping would you prefer? One that requires physical confrontation, or one that allows theft 24 hours per day without your knowledge. Promises include paper money, bank deposits, bonds, stocks, etc. In good times, folks keep their promises and capital with interest is returned. In not-so-good times, folks lie and steal by making promises they knowingly cannot keep. Both capital and interest are gone. Only when you decide to trade does this theft become apparent.

Buffett Gets 'Comeuppance' After Gold Outperforms

Hey Tobi: Good link to a good article. Us gold freaks will need ammo and guns to protect ourselves when having to barter with gold and silver because no one will touch the broken promises of printed paper. Broken promises are the real reason for holding gold and silver. Imagine the small angry bond/share holders of GM, Bear, and Lehman. Only the few who sold those folks out profited greatly.

Buffett Gets 'Comeuppance' After Gold Outperforms

I guess I'll never understand the hero worship of Warren Buffett. If you understand what an agent is for foreign money power, then you'll understand the success of Jack Welch, Sandy Weill, Warren Buffett and a few others. Agents generally give over their fortunes to foundations, where it remains controlled when the agent passes on. Of course, they say it's for other reasons. Always look for where they got their play money to grow.

Using Gold as an Indicator for Market Cycles

State Street is today's Duke and Duke of Trading Places. Whether you like GLD, or the SP500, running from one side of the boat to the other allows them to profit every time, whether you win or lose. What a deal!

Dow/Gold Ratio and the Dollar: What Does It Mean for Value Investors?

What's disgusting is that the same Major Holders are in EVERY corporate entity within the Dow Industrials, AND in the bullion banks. They can easily make the ratio whatever they want to suit THEIR purpose. Face it, until it is no longer profitable to lie and steal, it will be difficult for ordinary folks to hang onto the profits of their labor.

Gold: Not a Bubble

If you invert the gold chart above, you'll get a good idea of the number of promises being kept. Money is a deferred promise. Gold/Silver is a highly-tradable asset in times of broken promises, when all that's left is barter. That's why it's called a barbaric relic. But unfortunately, these are barbaric times. Wish it wasn't. AIG, Madoff, Stanford, Lehman, Bear, who's keeping their promise?

GLD Adds 9.6 Tonnes: Watch Out, Switzerland!

GLD reminds me of the 1970 movie "El Condor" starring Jim Brown and Lee Van Cleef (as Jaroo). There is a scene where after being given a tour of the enormous underground cavern that contained uncountable stacks of gold bars, the commanding officer told Jaroo they could have a wagon-load of bars if they'd just go away. Unfortunately, all bars were gold-plated lead bars. Someone clever should make a snippet of that scene for youtube.com. It's mind-boggling. It's ironic that Nixon closed the gold-window the following year.

Point is, on March 13, 2008, BBC ran this story:
news.bbc.co.uk/2/hi/af...
Ethiopia's national bank has been told to inspect all the gold in its vaults to determine its authenticity.
It follows the discovery that some of the "gold" it had bought for millions of dollars was gold-plated steel.

Perhaps GLD and SLV are just Madoff-type enterprises.

Don't Miss the Coming Gold Bull

The only reason to hold physical gold and silver is when folks are not keeping their promises, like now. Promise breakers like Lehman, Bear and Madoff trigger other broken promises, just like dominoes. When the dust finally settles, those who kept their promises will be trusted and the rebuilding will begin. Then as more promises are made and kept, there will be fewer reasons to hold gold and silver. Until then . . .

How the U.S. Financial Crisis Resembles Japan’s 'Lost Decade' - And How to Play It, Part II

The commentary and the comments are very well thought out and interesting. I'd just like to share some notes from the past:

If [further] Inflation Comes
by Roger W. Babson 1950 edition Copyrighted 1937

Quote [page 113]
If the country goes into radical inflation, with any shortage
of commodities, then commodities in storage for
speculation will be confiscated, the same as our gold was
confiscated in 1933.

Quote [page 114]
My inclinations are to follow the advice of a friend of mine,
who, on November 6, 1940, said as follows:
"Roger, the election yesterday has many meanings,
but one thing is certain; anyone who has a nickel
had better keep his mouth shut during the next four years!"

Quote [page 115]
NO INDUSTRY PROVIDES A SAFE INFLATION HEDGE.

Hope this is of some benefit.