jt

Why You Should Have Some Gold in Your Portfolio

Face it, PaulHM...all you're saying is that you've never lived thru a situation where gold is money and is used as such, and you don't have a clue at the moment how it would work. But the fact that you don't know doesn't negate the past 5000 years of world history where gold has ALWAYS been accepted as payment EVERYwhere, b/c there has ALWAYS and will ALWAYS be a market for it.

Having a little (paper) cash on hand for small purchases (at least until it becomes worthless), some type of physical hoard of food and water, a safe place to live, perhaps a supply of gasolline, and perhaps some form of protection (?gun/ammo/??barbwire), a generator, etc, is always intelligent. But gold/silver will always be money.

The money you can get "in a split second" might be losing value by the second, too, if we're actually in a situation where you'd have to sell them. And in that case, gold and silver's value will be skyrocketing in what ever currency you're getting paid in...jt

What Is Hurting Gold?

Well...you do prove one thing by your little "analysis"...and that would be that they apparently now allow ANYone to post theirs, even those with obviously NO expertise or knowledge of the topic but what a sixth-grader could "glean" from the pabulum-spouting (that's fancy talk for lies, spin, obfuscation, and, oh yeah, did I mention lies?) mainstream media propaganda machine.

"But instead, gold just sits there. The failure of their predictions has led the community of gold bugs into warnings of evil conspiracies by nefarious cabals."

I know it's very PC for those with absolutely NO journalistic integrity or courage to spout the "conspiracy" word and so sound somehow like someone from the "in the know" crowd. But the fact is it just shows you have NO clue of what you speak. Without the knowledge of what these supposed tin-hat wearing "conspiracy" freaks have revealed and proven way beyond the shadow of a doubt needed in any court of law, you can and will make absolutely NO sense of what goes on and has gone on for the past two decades in the precious metals markets, esp. on the CRIMEX.

Perhaps your next 6th grade term-paper (ok, fess up, is your daddy on the review board for articles for this site and trying to promote your writing career??) could actually deal with the evidence put out publicly for all to see (eg, by GATA et al) of the ever-growing more and more blatant manipulation and control of the prices of gold and silver on the COMEX and what affect that may have had on bringing on this financial crisis in the first place, all for the benefit of those who have a stranglehold on the balls of our economy (and indeed our very economic liberty) thru their control of the supply of created from nothing funny munny fiat. currency.

Asset Class Review: Crude, Gold and the Dollar

--Yawn! Yup, the sun rises in the East, and guess what? It is right there in the charts....I guess when you get paid for writing something, does it have to be enlightening? Profound?

You said that right spartacuss...or how about a little more research before posting as "expert" analysis this bit of trifle:

"A strong gold market is partially reflective of weakness in the U.S. dollar, which makes the inability of gold to make new highs lately all the more troubling, given recent dollar weakness. One interpretation: markets are not buying the inflation theme, making gold less attractive as a dollar/currency hedge"

Well, your interpretation, unfortunately for those who want to learn the truth (now, who in the world wants the truth??...I confess, it would appear not very many Americans...but for those who do), the fact is that the investment demand for gold (and silver) has been tremendous!!! Hmmmm...there goes that piece of expert info down the tubes.

Any other possibilities?...howz about the forensic approach: Cui bono? For whose benefit? Who gains? Who benefits from the prices of gold and silver NOT going up? Hmmmmm...let's put on our 8th grade thinking caps...ok, hmmmmm...the Fed can create and has been creating almost without limit paper / electronic money that has found its way into the coffers of its bankster / financial institution shareholders and partners and o/w members of its (anti-gold) Cartel. Those who can touch the newly created money first (those just named) get the immediate benefit of new wealth. The value of that fiat funny munny is reflected in the value of gold and silver. Gold going up is a warning and reminder of the value of the paper (the electronically created from nothing) money going down...wouldn't want that now would they?

So...hmmmm...who might benefit the most from those prices not rising? Let's see...a little bit more research (after all, experts ARE experts, are they not, b/c they actually do some research?)--who has the largest short positions (actually NAKED short positions) on silver and gold on the COMEX?? Wow!!!...surprahz surprahz says Gomer, it's JPMorgain4Elites and HSBC!!!...and surprahz again...known members in good standing of the mafioso Fed-led and supported Bankster Cartel!!! My mouth drops open...again, in utter surprise.

So, dear "expert"...you're d*mn right it's troubling!!!! But it's troubling not that the prices are not going up when by all rights and evidence they should be, but b/c they are being forcefully HELD DOWN by those in real power...the Shadow Govt that now runs this country...the Fed and the Bankster Cartel, including our Treasury and its Secy, or should I say, the Treasury branch of Goldman Sachs. It is flat out criminal and against all the rules of the commodities markets. But then, hey, who cares...there's still food on the table, right?

jt

What's CNBC's Problem with Gold?

--"However, there are rumors of manipulation and I always take those with a grain of salt"--

Ray (and the rest of you politically correct sheeple)...why go half the way there with an interesting topic and then go braindead like that? Why do you have to write such inane script like that? Why in the world would you take such "rumors...with a grain of salt"...???!!!!! Why would you not understand that this manipulation and price suppression is at the very CORE of the damage that has been done to this Republic, to its currency, to its economy, to its working class and LOOK INTO IT, YOU LAZY SLOB!!!

You think you can write those PC meaningless words and sound intelligent?? Well maybe you do, but only to those like you...PC and lazy...but not to those who want to know the truth, to get to the root of the problem. Why don't you go look at the evidence?...evidence that would stand up in ANY court of law were it to make it there. Then come back and tell us how many "grains of salt" it took to bury the evidence....

Sorry to be so in your face, but that kind of comment has NO place in open and honest and intelligent discovery and discussion, which these boards should be encouraging. If you think that you should just blow off the majority of "conspiracy theories"...esp ones with such overwhelming evidence, then you really are part of the problem...you really are just another sheep. If you have good evidence that it IS just so much BS, then show us the evidence and contradict it...o/w at the least don't go spouting off about what you don't know until you can say something intelligent about it. jt


On Aug 04 01:23 PM Ray wrote:

> I never said that its CNBC holding gold down?? I just don't understand
> how folks do not see that gold is a legit investment. However, there
> are rumors of manipulation and I always take those with a grain of
> salt, but I think we can agree that commodities markets can easily
> be manipulated, i.e. oil. Learn the markets or research it before
> you assume everything is a level playing field. Otherwise you do
> not have an informed position, period.

What's CNBC's Problem with Gold?

Yes...it is disgustingly simple--the mainstream media (MSM), including CNBC et al, is bought and paid for and controlled through desks in DC and NY all belonging to the Bankster Elite family (actually it is controlled almost in toto by 6 persons). It is now for US citizens what Pravda was for our Russian peasant comrades in the last century...pure propaganda...pabulum for the masses..."gentle" brainwashing.

And it's a no-brainer why their masters are anti-gold, as in "DOH!!"...they control the printing press. They control the money supply or are first on the food chain to receive "new money." (To call it printing is now an anachronism as we're essentially dealing with electrons in the ether, created with a few keystrokes and placed in the hands of the club members.) And as Nathaniel Mayer (Bauer) Rothschild quipped in the early 1800s: (and I probably paraphrase) "I care not a whit what puppet they put on the throne of England, on the throne of the kingdom on which the sun never sets, whoever controls the money supply controls the throne, and I control the money supply." He controlled the Bank of England, and the Fed is simply one of the demon spawn of the Bank of England.

Gold is the canary in the coalmine that warns of the degradation, the devaluation, the inflating of the paper currency (note, I did not say "money"...gold and silver are money...the FRN "dollar" is simply currency...backed by...well, if you don't know what its backed by, you can't possibly understand this article or my comment)--the higher the price of gold, the more the devaluation of the paper currency becomes obvious. So suppression of the price of gold (and its poorer cousin silver) is necessary for TPTB to be able to continue to tout their "strong dollar" policy...which is simply a bold faced lie, nothing more, nothing less.

And the ridiculously low price of gold (compared to new currency created, esp. FRNs) is what they have used to justify low interest rates (Gibson's Paradox--just ask Larry Summers about that) and the lies from the BLS (Bureau of Lying Statistics) about our rate of inflation (which of course for anyone with half a background in real economics is NOT about prices, but about expansion of the money supply, which will in the end bring about all kinds of price inflation while in the meantime leading to gross misappropriation of capital).

And I could go on, but again, the bottom line is exactly as stated by our ManAboutDallas...he ain't really MAD at all...but right on the money...so to speak '-) jt

Ten Reasons to Avoid the Gold ETF

Well rp, whoever you are, even if they actually "have" the gold...here's the scam...perhaps a "legal" scam...but "legal" only b/c these banksters have been allowed to operate outside the law for so long by those in positions of trust and authority who have benefitted from their bosses' created out of nothing funny munny. It's called "multiple ownership"...ie, the gold used is used by multiple funds / entitities, ie, is encumbered, ie, may be unallocated but may even be allocated to someone and likely will never be claimed (or allowed to be claimed) by anybody:

Bix explains it in tonight's LeMetropoleCafe:

I see a lot of discussion on whether or not the gold and silver ETF's actually have the physical metal that they claim. Although Jim Sinclair says that he doubts it, from my analysis of GLD and SLV I believe that the gold and silver bars may actually be real and the serial numbers they quote might actually exist. Boy, wouldn't that be a shocker!

The fraud lies in the multiple ownership aspect of those bars and the physical location of the inventories. Fractional Reserve Metal Banking is alive and well in the ETF world! From my discussions with David Kass of the CFTC it is clear to me that there is a direct connection between COMEX warehouse inventories and the ETF inventories where both are being double counted without regard to sole rights of ownership.

www.lemetropolecafe.co...

Here's the way I see it:

1) There are multiple claims of ownership of the GLD and SLV physical inventories including ETF shareholders, sovereign nation reserves, working manufacturing/refining inventories, pooled accounts, metal certificates, swaps, leases, etc. Although much of it may be stored in the ETF sanctioned warehouses in London, it is also in various other places (Fort Knox for example!). It would not surprise me to find out that the "metal leverage" translates into 3 or more claims on each individual bar listed in the ETF inventories. Neither prospectus requires physical audits, sole ownership audits or any strict storage location requirements.

2) The supposed naked short positions in gold and silver on the COMEX have been justified to the CFTC by the banking cabal (mainly JP Morgan) by claiming that at any time they can back those positions with the physical gold and silver located (and identified by serial number) in the metal ETF's. As the COMEX short position grows the inventories of GLD and SLV must grow as well to justify the naked short. The CFTC has never, to my knowledge, verified that the metal is real OR that there are no other claims of ownership on those inventories. Of course the obvious claim on that metal is the shareholders of the ETF through their "Authorized Participants"....don't even get me started on who those Authorized Partcipants are!

3) In the end, a gold/silver default is inevitable thus rendering the multiple ownership aspect of the manipulation plan a success. The default will happen in concert with the multiple other financial/currency defaults thus deflecting and masking the true nature of the scam. Of course, the losers will be those who thought they owned the physical metal but will never reap the rewards of it. The winners will be the countries in which the metal is stored because a collapse on a grand scale will surely promote the nationalization of all gold and silver the government can get their hands on for the good of their population. Thus the BIG winners in this game will be the USA with the COMEX inventories and England with the ETF inventories....no surprise there.

On a side note, it is very encouraging to hear so many new voices exposing the banking cabal after years and years of the GATA faithful fighting this battle alone!

Time to buckle up...AGAIN!
Bix

Ten Reasons to Avoid the Gold ETF

Le Patron of LeMetropoleCafe (an outstanding subscription service well worth the yearly fee of ~$200 for pertinent daily commentaries from around the globe, btw) said he'll put the link to this article into tomorrow's MIDAS du Metropole...today's has already been put to bed.

jt


On Feb 18 03:37 PM jt wrote:

> Excellent article...am emailing MIDAS to make him aware and perhaps
> put a link in this evening's LeMetropole.
>
> Augustus...with that comment, I think you are an ideal candidate
> to buy more GLD...or perhaps you work for one of the banks behind
> it?
>
> whenmusicstops...yes, that is true about almost all commodity ETFs...CEF
> is and exception rather than the rule. That is why it is so important
> to own physical PMs if you're truly looking for a safe haven for
> your wealth. Even CEF should be a somewhat distant second to owning
> physical. But IMO, and many others who have been following the gold
> / silver / currency markets and the "strong dollar policy" for years,
> the ETFs were an obvious attempt by those suppressing the prices
> of gold and silver (the sum total of Rubin's "strong dollar policy"
> btw), to detour monies heading into the PMs into more paper that
> they control. Just look at the backing of the PM ETFs and you'll
> understand.
>
> Take your money out of GLD, buy physical if you can, if you're limited
> by your IRA, buy CEF, or producing mining stocks...esp mid-and early/very
> near (with the capital to do it) producers. Forewarned in forearmed...jt

Ten Reasons to Avoid the Gold ETF

Excellent article...am emailing MIDAS to make him aware and perhaps put a link in this evening's LeMetropole.

Augustus...with that comment, I think you are an ideal candidate to buy more GLD...or perhaps you work for one of the banks behind it?

whenmusicstops...yes, that is true about almost all commodity ETFs...CEF is and exception rather than the rule. That is why it is so important to own physical PMs if you're truly looking for a safe haven for your wealth. Even CEF should be a somewhat distant second to owning physical. But IMO, and many others who have been following the gold / silver / currency markets and the "strong dollar policy" for years, the ETFs were an obvious attempt by those suppressing the prices of gold and silver (the sum total of Rubin's "strong dollar policy" btw), to detour monies heading into the PMs into more paper that they control. Just look at the backing of the PM ETFs and you'll understand.

Take your money out of GLD, buy physical if you can, if you're limited by your IRA, buy CEF, or producing mining stocks...esp mid-and early/very near (with the capital to do it) producers. Forewarned in forearmed...jt

Gold and Silver - Perhaps the Bugs Have the Wrong Beast?

The two links got chewed up again (why seekingalpha, is this necessary?):

The end of the first should be: -gold-exchange-report/

The second should read, after fed/org: /docs/historical/ before martin/ etc

Gold and Silver - Perhaps the Bugs Have the Wrong Beast?

But...getting around to the (or at least one of the) main points of the article -- the other "Beast" -- YES, the price of silver has been suppressed FAR beyond even the suppression of gold. Why silver, too? Lots of reasons, but first of all, it's a very small market as $$ goes, not requiring "excessive" amounts of fiat money / electronic money to manipulate the market. But also b/c the "mule" as silver is called is known to also represent the working part of the "gold standard" In a gold standard economy, silver is used far more than gold for transactions, gold being the store of value, while silver is the worker except in large transactions. Silver is also known to be the vanguard sprinter that pierces the higher prices on upward moves of gold. Silver generally leads the way and confirms the breakout of gold. So suppressing silver also helps suppress gold. And of course they would not want silver to be heading toward where it should be while gold as being held down, as that just wouldn't look right, and the Orwellians need everything to "look right"

(That the suppression of the price of gold [and silver] is and was indeed the sum total of Rubin's and successors' "strong dollar" policy... has now been proven beyond a shadow of a doubt by the discovery of a secret memo from the early 1960s found in the archives of the Fed Res Bank of St Louis within the last several weeks. I'll try to put the information here: put links together if necessary, for those who haven't read James Turk's part- by- part commentary of the whole memo, it's a must read:

The Federal Reserve’s Blueprint for Market Intervention

by James Turk
January 16, 2009

Copyright © 2009 by James Turk. All rights reserved.


An important document buried in the Federal Reserve’s archives has been discovered by writer and researcher Elaine Supkis. This document is posted on her blog at: http: // emsnews2. wordpress. com /2009/01/15/1961- top- secret-fed-reserve-gol... /

The document, which is marked “Confidential”, is from the papers of William McChesney Martin, Jr., and this collection is held by the Missouri Historical Society. A scanned image of the original document is posted by the Federal Reserve Bank of St. Louis at the following link: http: // fraser.stlouisfed.org/... ical/martin/23_06_19610405. pdf

Martin was the longest-serving chairman of the Board of Governors of the Federal Reserve System, and worked there under five U.S. presidents from April 1951 to January 1970. It was during his tenure that the dollar devolved from “as good as gold” to a perennially inflated fiat currency backed by nothing but government promises, which makes one ponder what could have happened to the dollar had Martin been an advocate of sound money dedicated to preserving the dollar’s link to gold. Instead, during his tenure the US Gold Reserve declined by nearly one-half from 633.2 million ounces to 339.5 million ounces, while M3, the total quantity of dollar currency, soared more than three-fold from $190.0 billion to $616.1 billion....[cont.])

SO WHY SILVER??

But silver has been suppressed even more. I'm sure many here are familiar with the ongoing work of Ted Butler in documenting and making CFTC aware of the ongoing manipulation / suppression of the price of silver on the COMEX (aka CRIMEX) using the CFTC's own data!!...by two banks...JPMorgain4Elit... and HSBC...but primarily JPM. Their short position basically IS the short position on the COMEX and is equal to about 20% of total silver produced in a year...this from an entity that obviously is NOT in the silver mining business, ie, it is solely for the purpose of suppression of the price. The CFTC is now "investigating" (but the outcome is anything but certain to end it, let alone indict and punish the conspirators, being as JPM is essentially the "public" banki facade of the private Fed and therefore of our own govt).

Presently the ratio of gold:silver is around 75:1 with historical being around 15-30:1, so there's the first springboard for silver to head higher. But there are many other reasons why silver should be a better investment than gold in the near and possible VERY near future:

-unlike gold, there are few primary silver miners, silver being the byproduct of base metal mining, which of course leads to the fact that

-the production of silver from these mines is inelastic to price of silver

-as a matter of fact, with the smash down of the basic metals, the mines are being closed despite the now rising price of silver as the economics of most of these mines is based on the base metals' value

-reports have shown that though in the past gold was much rarer than silver, earth's crust-wise and therefore minable-wise, that situation has changed toward one of near parity, if not gone toward the side of

-that silver is used, and used extensively, in industry is used as a case AGAINST silver as a precious metal, ie, that it is more a "base" metal and therefore prone to influence by the business cycle, but to the contrary, its use, and it is totally used up in most industrial uses, unlike the photography industry where it can be recycled, makes it even that much more rare in terms of its monetary / investment availability

-and there are NO known above-ground hoards in governmental control that can be sold into the market to suppress the price, as is and has been done by the CBs with gold in their vaults, either by selling it or leasing it at ridiculously low rates to bullion and investment banks, such as JPM and Barclays and Goldman Suchs, for instance, to then be sold into the market, all the while the CBs are instructing member Banksters to keep that gold listed as reserves on their books!!

-silver is still highly affordable by the common man and will be the go-to precious metal when even the densest of the brainwashed American workers (the rest of the world has already been here before and is much more attuned to the fraud of fiat currency than most Americans) finally wakes up and tries to salvage something from his savings account (if he even has one)

-and there are other considerations as well, but these are quite enough for me

So, yes, the Silver Beast--the Mule, is the PM I'm backing to bust upward even more than gold, though I do have some gold as well. jt

Gold Will Shine in 2009 (Part II)

<<Catch a Falling Knife 577 Comments Jan 25 04:26 PM The price of canned tuna is appreciating faster than gold. Reply |Report abuse| Link to Comment +10>>

Well, I guess that closes the topic then, eh? The yen has also gone up faster than gold lately, so I'll tell you what...you buy up a lot of tuna and yen, and I'll buy up gold and silver (I actually have already, starting in '99), and we'll compare the change in value of our stashes from today to say 1 year from now. Winner takes the other's stash...deal?


On Jan 25 04:26 PM Catch a Falling Knife wrote:

> The price of canned tuna is appreciating faster than gold.

The Manipulation of Gold Prices

Funny how as more and more proof is put in front of an ignorant person who refuses to look at the evidence objectively, the more he feels the need to react and to settle for ad hominem attacks with NO counterevidence. And the more arrogant the ignorant is, the more vehemently he reacts.

Go find some facts and evidence that contradict what was and has been presented. THESE FACTS AND EVIDENCE ARE PUBLICALLY AVAILABLE AND IN FRONT OF YOUR FACE!!

So...we're all waiting for your eloquent rebuttal...and we'll even allow you 3501 words. (And no...brevity on your part will not be viewed as intelligence, but rather of lack of rebuttal evidence). Now go do something useful and bring us back your evidence-filled rebuttal for all the world to see (including us ignorant "goldbugs").


On Dec 04 11:39 AM raytayzmd wrote:

> ...funny how as a goldbug becomes more paranoid so too does the length
> of his posts...3500 words!...THIRTY FIVE HUNDRED WORDS!!!...

Don't Give Up on Gold Just Yet

Strikes one, two, and even three are what happen in somewhat "normal" markets. But that's only ONE out. The second and third outs weren't even allowed in this market. That's b/c the Fed's (and therefore the thing we mistakenly call "our govt"...mistakenly b/c its the banksters who have finally had the curtain thrown back to show that THEY are truly the ones running the govt, just as our Founding Fathers warned) entire "strong dollar" policy, starting with Rubin, was and has been nothing more than suppressing the price of gold (and silver) to prevent most of the public and most of the market from seeing how worthless the little piece of green paper was becoming and to allow them to do what we have just seen them do.

The manipulation of gold and silver on the COMEX, as well as in London to a lesser degree, has gotten to such a blatant level that the only way one does not see it DAILY is to either refuse to look at it, or if one looks at it, to refuse to see the obvious, or if one sees it, refuse to believe what his eyes tell him is happening.

But hyperinflation is on the way, and one way or other, and really, there are multiple roads that will lead to it, the dollar is toast, and gold will fly in dollars ALSO!! Don't forget that gold has been reaching new highs in just about all currencies except the dollar and the yen...the dollar b/c of short covering and the unwinding of / redemption of many investment vehicles denominated in the dollar, and the yen b/c of the unwinding of the yen carry trade. Once those are done, the dollar will plunge and gold will fly also in dollars, if it hasn't already. One possibility of the "already" would be the potential for a delivery default on the COMEX within the next few months.

Buy silver and gold...take possession. There's really no use in trying to convince anyone...the proof will be in the pudding, as they say. But those of you who do understand don't want to be the object of an "I told you so" in the (perhaps not too distant) future. Better to be mocked now and safe later. At worst, you can sell your gold and silver for somewhere near what you paid for it. Now consider the worst that could happen to your paper money--you're not sure?? Well just Google "Weimar Republic" or Argentina hyperinflation. Recession / depression now...followed by hyperinflation...gold is a safe place in both scenarios.

jt

Gold: The Next Reserve Currency Player

What perfect timing. I'm going to reprint a note to Midas (Bill Murphy) at LemetropoleCafe today, sent him by someone known to all who subscribe to the site as MexicoMike. Most apropos to the above discussion, and esp what I just wrote. (BTW...I meant to write "skyrocketing"):

Hi Bill!
I have been trying to understand why there is no great sense of outrage among the general public over what has been ongoing for so long. The lifestyles for all of us are subject to decline as a result \of the actions of a few. Why have so many chosen to respond like sheep to the slaughter?

I now believe it is a question of mass denial. People understand that things are not good in the overall economy. But so far it is the other guy that has been hurt. Most people still have their jobs. Most people are still paying their mortgages. Credit card balances are high for the average person, but most bills are still getting paid. Our highways are still choked with SUVs. Overall, things are still pretty good on the surface. And even while the government announces one massive bailout plan after another, and the printing presses are running around the clock to pump money into the system, people are still not seeing any of the consequences from that. Yet... People still choose to believe the lies that are the official inflation numbers. It is easy to pretend that all of that debt that has been created on the national level will not have to be repaid, will not have a direct impact on individual lifestyles. Today, as the great annual treck to the mall is underway, I wonder how many people have begun to question how much longer this sort of thing can go on for?

The mainstream media have been telling us exactly what we want to hear, and we all really want to believe them. How many times have we been told that the problems are going to be contained? How many times were we advised that the markets had found a bottom? How many senior people from individual companies have appeared on TV to tell us their companies were in great shape? No matter how many times we hear all of these lies, we want to believe them and so no one is going to be too concerned. A new president has been elected on the basis of telling people exactly what they want to hear. He sold change, and somehow implied that the good times would be preserved without any cost. People loved it and really want to believe.

Sooner or later however the fallout is going to start hitting closer to home. Eventually, every one of us is going to be negatively affected by all that is going on, whether we are told the truth or not. No matter how much we all want to believe the lies, the consequences are the elephant in the room that cannot be ignored forever. And then, I think all that outrage is going to be expressed.

As long as it is only the minority that is facing the loss of their jobs, their homes, bankruptcy, etc. then its easier for the rest of us to pretend that things will be okay. When things have degraded to the point where the majority of us are tightening belts and facing serious financial problems; when inflation is forcing the average person to make difficult choices on what they can afford; when unemployment is running at double-digits; when the compounded interest of an ocean of debt has pushed people to the point where they can no longer make payments on their bills; when it finally dawns on the average person that all of that bailout money injected into the system did not make the big problems go away... THEN, we will see a collective sense of outrage that has been sadly lacking all the way through this mess. Unfortunately, I suspect it will be too late.

So here we are today. I cannot count the number of times that the gold spot market tried to rally above $815 and was severely pushed back down over the last 2 days. When a serious terrorist event occurs in the largest gold-friendly country in the world, one would expect that gold prices would surge. And that is exactly why gold has been so obviously and firmly capped. And since so few of us are willing to rise up and denounce the market rigging right now, and no one wants to see what is happening in real time in full view, and we all want so badly to believe the lies that they are telling us on TV, then nothing is going to change.

Now people like Dennis Gartman want to chuckle and suggest that goldbugs want to see bad things happen. What he fails to understand is that things are going to happen whether we want them to or not. We can choose to run with the herd and pretend that everything will be just fine. Or we can assess the situation and take appropriate steps now while there is still an opportunity to buy a degree of protection. The outrage is coming. Drawing a line in the sand and capping gold may keep the sheep in denial for a while longer but it will not halt the fallout from a decade of economic and financial stupidity on an unprecedented scale.

It is refreshing to see that Peter Schiff is now getting some measure of respect for having called the market correctly. Remember how they laughed at him early on when he tried to warn people what was coming? Now there is a video on YouTube where his comments have been highlighted along with the rebuttal from the bozos on CNBC and they are not laughing now. The denial phase is coming to an end soon Bill, and I hope then you may also get a measure of respect for your work to expose the gold manipulation scam. Gartman and Co. will eventually find that the smug arrogance they directed towards the goldbugs was misplaced. For now, its just groundhog day again.
cheers!

MexicoMike

Gold: The Next Reserve Currency Player

I think you're mistaken about Mr Lathrops...and it came with the 8th word in your comment. There are many out there, and the US contains way more than its proportional share, of ignorantly arrogant and arrogantly ignorant sheeple people like him who don't see the need to think or know anything except what they're fed by the MSM. What a waste of time...to think and become informed...when there is so much beer to drink and good times to be had.

Most truly seem to believe the lie that "it can never happen here"...this is the YOOOnited States of America, after all!! And oh, BTW, there never was a Great Depression either...nor hyperinflation in Venezuela or Germany within the last century. Those were just myths to these people, conspiracy theories thot up and stuck into textbooks by the "nuts" to scare people...or if they were real, it's only b/c they were stoopid furreners and not us smart Amuricans. I say give him another beer...let ignorance be bliss as long as possible for him and them...b/c as much as they are ignorant blowhards before the fact, they are even bigger whiners and complainers after...so keep them happy blowhards for as long as possible.

And I can only agree about the ETFs being useful in terms of VERY short term investment vehicles...almost akin to futures trading. Who knows how fast the dollar will drop over the cliff when it does, or how fast the global devaluation or revaluation of the dollar could happen, or when force majeure could be declared on the COMEX. If those things happen fairly closely together, there's a chance those in the ETFs would get back only paper money that is very rapidly devaluing at the same time the prices of silver and gold are skyingrocketing. Best have a good hoard of real money first...physical silver and gold...before putting needed funds, for now or the future, into the ETFs...or really paper equities of ANY kind. jt


On Nov 30 12:59 PM Georealist wrote:

> Interesting comments..especially Mr. Lathrops..apparently he thinks
> we should stupidly stare at trillions in potential liquidity andmay..well..go
> play golf. The Gulf States taking steps to protect themselves sounds
> very reasonable to me...their geographic location is enviable and
> they have the monetary heft to carefully pull it off.
> Nothing wrong with the ETF metals funds...a physical position is
> always the best foundation but sometimes not the easiest to trade.
> If any of this gets further than speculation..and it has a very good
> chance of doing so...silver could e the biggest winner yet.