psig

Do We Goldbugs Finally Have Your Attention?

As stated in article I would agree that those taking physical possession are putting pressure on the big bank manipulators. If I had any paper gold I would take a look at moving it into some other investment. As in musical chairs when the music stops some people will not have a chair.

Gold and Silver Facing Resistance Levels

With manipulation having readily been admitted to, big banks shorting the metals, and etf's as common and growing like fungus in a gym I am at a loss to continue to see articles and comments such as "BIG 1000 BREAKOUT JUST AROUND THE CORNER; HOLD ON TO YOUR SHORTS." I guess it makes good reading for all the gold bugs. Wake me up when it hits 1000. Ho hum.
Yours truly,
Rip Van Winkle.

The Gold / Silver Ratio: From 1300 to 1900... And Now

The problem with these ratios is that there was very little historic gov't and banking monkey business with the markets world wide like they do now. I am not convinced any metals ratio can be predicted nowadays because of all the well known, admitted to, and apparently legal manipulation by the big banks and gov't. Notice that the ratio started rapid change about the time the gov't and banks became able to manipulate on a large scale. I no longer discuss manipulation as a back room operation. Its apparently admitted to and I guess legal and used to stabllize the dollar. Not that I necessary agree with manipulation and don't think it is slimey and harmful to the economy in the long run. Now having said all of this the historic ratios could return if the dollar collapses. Maybe thats where the author would end up in conclusion with another paragraph but who wants a dollar collapse? I guess maybe George Soros and James Bond's Goldfinger.

Unlocking the Money Matrix: Gold Price Suppression

I've seen a lot of great research in this article as well as many others but until there is a significant number of people who take physical possession of a subtantial supply of the metal not much will happen. Even then this gov't would intervene to keep the money games in place by making pm possession illegal or make it illegal to use pm's in commerce. The "money system" is too big to be allowed to fail in that way. Meanwhile Henry Paulson (a Goldman Sachs alumnus) et al made Bush panic last year and then used TARP money to take care of his buddies at Goldman Sachs. Why did Paulson let Lehman Bros. fail? Lets see, was Lehman Bros. a Sachs competitor?

The U.S. Mint Again Suspends Gold Coin Sales: Is It Really Out of Gold?

My understanding was that the gold buffaloes had to minted out of gold mined in the U.S. so there must be a problem getting enough U.S. mined gold for both bullion and collector buffaloes. Gold eagles can be purchased as bullion but they are not collector Proof coins. Also the standard gold eagle bullion coin does not have the "W" mint mark that is placed on the uncirculated gold eagle sold on the U.S. mint site and coveted by collectors. The lack of of "W" gold eagles from the mint isn't explainable unless they also have to stamped from U.S. mined gold. As a side issue the "W" on the mint coins means they were produced a the West Point mint it does not stand for George "W" Bush.
Also from the stuff I have been reading here and elsewhere it doesn't sound like price of bullion will increase much (collector gold coins from the mint probably will continue to go up as evidenced by Ebay). Bullion will bounce up and down 75 bucks so the manipulators can make money on short positions. Contracts are being manuevered on paper so there will always be plenty of paper gold until enough people take physical possession of at least over 50% of the "so called gold" being stored in various large banks and other locations. That is unlikely to ever happen. Those who audit the gold supply are from the same government that audited Bernie "made off with your money" Madoff.

Fool's Gold (Part 2)

Mike, I can get a 16 oz loaf of unsliced french bread for 1.29. Now Sarah Lee runs around $2.89 a loaf. Also obviously prices will vary by location to a degree and gold does not. I am not old enough to remember this but I recall my mother stating bread was around a nickel a loaf or a little lower in the great depression and I don't think it was sliced then and gold was $35 oz. Pick any 5 or 10 year period in history and you can get variations higher or lower but a careful shopper could find bread approximating the ratio at any time time period. Preserving your wealth also requires careful shopping which in turn requires time. If your yearly income is 150,000 then is it worth your time to shop for the lowest bread price. Probably not until bread hits ten bucks a loaf.

On Jul 10 07:02 PM Mike Stathis wrote:

> Gold as a "preserver of wealth" implies that it keeps up with inflation,
> which (other than for short periods depending on when you bought
> it), this is not true.
>
> As far as the "One oz of gold has always bought approx. 600 loaves
> of bread," where I live, a standard loaf costs around $2.89 and has
> for a couple of years. Prior to that, over the past 8 years, bread
> was around $1.80 - $2.30 (where I live) while gold was ~$230-$650.
> So this is about 100-300 loaves. Gold has outpaced inflation during
> the past decade, but only because the bull market began right around
> that time. If you go back into the 1990s, 1 oz of gold bought even
> fewer "loaves of bread."
>
> All of this talk of gold being a long-term "safe haven" is not true.
> It is a short-term safe haven. Timing matters unless you live forever.
> Otherwise, you face liquidity risk.

Fool's Gold (Part 2)

I'll break it down and simplify it for everyone. Gold is nothing more than a preserver of wealth. But isn't that enough. One oz. of gold has always bought approx. 600 loaves of bread. It was true 2000 yrs ago and today. Everything else is just high tech gambling where some win and some lose.

Gold Price Manipulation: So What?

The assumption continues to be that a possessor of physical gold will be able to use it in commerce if the price starts rising substantially. I expect the current US gov't to make it illegal to use in any transactions if the price reaches a certain level thus preserving the federal gov't ability to control their "monetary" system. Or they could go the route of requiring it to be surrendered like 1933 then make it illegal to possess and let the price skyrocket. Sure black markets will develop and you will have a 1950's soviet style economy with gov't ownership of large business and banks (already in progress), central gov't planning and a lots of controls over everyday life. The gov't could do the same with any prescious metal or declare some kind of emergency like they are prone to do and voila' you are screwed. I know this doesn't put a smiley face on gold possession but we do not have a garden variety gov't at present.

Stocks Will Fall 37% or Gold Will Rally 60%

Heres sort of a commodies comparison to consider and it is a lot simpler. Throughout history 1 oz of gold has always been able to purchase about 600 loaves of bread. It was true 2000 yrs ago as it is today. If a loaf of Wonder bread ever goes for $5 then gold will be around 3000. Is that what everyone wants? Be careful what you ask for. Although in this case no one is really asking for it but with the treasury printing presses on high speed its gonna happen anyway within a few years. Keep your eye on the price of a loaf of bread. Basically its all about inflation.

The Myth of Gold Confiscation

Mr. Watson, its not about returning to a gold standard. Sure if the gov't made possession illegal they would use that pretext but remember this administration is all about wealth redistribution and could care less about a "gold standard," you know like they are trying to "save" the auto industry. They would still continue to screw up the economy. This is a Roosevelt gov't on steroids. They just hired 800 more IRS agents so large holders of gold of which there are transaction records would get the first visit should this play out.
For all who read this make the elections in 2010 a priority, know the candidates and what they stand for and try to inform everyone you know.



On May 29 02:13 PM Roland Watson wrote:

> Looks like some of you guys misread my 5 ounce subplot. I am not
> saying you get to keep only 5oz under a presumed new confiscation,
> who knows what will happen. But the allocation was 5oz PER PERSON,
> be it your wife, kids, granny, etc. All depends how much you trust
> your extended family.
>
> Besides, what's the gripe? If the government goes back to a gold
> standard and calls in gold to back up the dollar - isn't that what
> many gold holders want - so called honest money? Would some of you
> sacrifice your gold stash for what you in principle have wanted the
> government to do for years? If you can redeem your dollars for X
> oz of gold, what's the problem?
>
> Not that I think a gold standard would work ...

Gold Battle Lines Drawn at $1,000 - Again

This article hit pay dirt. We may be at the point where either the rubber hits the road or the banana republic gov't and their banker buddies are able to pull something out of their butt and keep it below a grand. MANIPULATION CANNOT AFFORD TO BE EXPOSED. What can they do to prevent this: Make possession illegal or is there another option to protect manipulation?

Could Ownership of Companies Like Silver Wheaton Be Outlawed?

In a banana republic anything is possible and its all about control; rewarding friends and punishing enemies. Who woulda ever thunk a year ago that the gov't and the UAW (friends) would own General Motors and Chrysler bond holders (enemies) are about to be screwed. My analysis tells me that large physical gold holders are enemies. Remember we are talking wealth redistribution here. If its illegal to own gold what are you going to do with the stuff you don't turn in. The only option is a black market economy which is possible like there was and still may be in the old Soviet Union. Steady as she goes, captain, due course strait ahead next stop: banana republic. ALLLL ABOARD. No ones getting off this train.

Is the U.S. Dollar Headed for a Mighty Crash? Part I

Ditto! We are heading for banana republic status. Watch out for the mirrored sunglasses becoming popular in D.C. and the politicians soon to start calling themselves generalissimo. The Chi Coms will have us bent over the table and may be building up for a trade. We give them Alaska, Alabama, Texax, California, and Georgia and they will give us back our treasuries.


On May 21 12:51 PM User 357705 wrote:

> Oops! Too late!
>

Has Gold Been Manipulated?

Your key comment is "lets just be sure the ownership of gold remains legal." I believe if physical bullion demand continues at unprecedented rates it will eventually expose any manipulation in ETFs or banks. Those (gov't) that are manipulators can't afford to let exposure happen. I would expect some type of gov't intervention (confiscation?) if it looks like that applecart is about to get upset and then watch the devaluation of the dollar after most of the g-o-l-d is rounded up. If anyone doesn't believe that can happen please let me know what else cannot happen in a banana republic.


On May 20 05:12 PM sa44ron wrote:

> Nobody has pockets deep enough to manipulate anything for very long.
> Just ask the Hunt Brothers and their little foray in to silver market
> in 1980. Eventually prices get to where they are supposed to, whether
> it's the price of gold or the price on long Treasuries. Let's just
> make sure that ownership of gold remains legal. Happy trading.

If Gold Bugs' Fantasies Came True

Merigolden, thank you for reading my response. I would just ask that you also read the CATO Institute report cited. I am glad to hear that your late father received excellent VA care. Not here to change anyones mind just to present my perspective and additional information to consider.
Also, these European socialist countries many admire have been allowed to squander a lot of their resources on socialist ideology because we have been for the most part providing their military defense. If we pull out our military from Europe they will have to fend for themselves which would be costly and I am not opposed to as long as our country is adequately defended. To be like France is to have a massive gov't, be excessively taxed, weak, defenseless, unionized, expensive, and drive Le Car.


On May 16 11:21 PM Merigolden wrote:

> Psig,
>
> Thank you for responding, but I am afraid you will not change my
> mind so easily. In my opinion, Michael Moore made some valid points
> with "Sicko". In addition, my late father had all his healthcare
> from the VA and he received exceptional care over a period of many
> years.
>
> America is a great country, but don't let that blind you to some
> fatal flaws that urgently need our attention. Our middle class is
> what made this country exceptional and why so many of the world's
> poor have come here...because they had a chance for a much better
> life. Now, our middle class faces extinction. Maybe we also face
> anarchy. Got gold?
>
> On May 16 03:52 PM psig wrote: