The Secret of Oz
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Never knew, did ya, that Dorothy's shoes, in the original, were silver, not ruby. Find out why the change was made here.
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Full size here.
Showing posts with label gold. Show all posts
Showing posts with label gold. Show all posts
Thursday, October 28, 2010
Monday, September 20, 2010
True Value of Gold and Silver?
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Just balances, just weights, a just ephah, and a just hin, shall ye have: I [am] the LORD your God, which brought you out of the land of Egypt.Leviticus 19:36
Spoken to the 12 Tribes of Israel, the Caucasian Race.
Monday, May 31, 2010
Sovereign State Depository™
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MISSION STATEMENT
The goal of Sovereign State Depository™ is to provide businesses and individuals with a safe, secure, and most importantly, a sound, stable, Constitutional monetary system based in gold and silver that will be electronically transferred from one account to the other.
We could kill the jewish controlled banking cabal with this idea. More to follow.
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Wednesday, May 19, 2010
Friday, September 04, 2009
Gold Poised for Move Upward
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Another of what I refer to as a "significant event" occurred this last week in China. The Chinese government is encouraging their citizens to buy gold and silver.
China pushes silver and gold investment to the masses
"A report suggests that the Chinese government is pushing the general public into buying gold and silver bullion, which could have a dramatic effect on the markets."
Source: Mineweb.co.za
The Chinese government is encouraging the public to "invest" in silver and gold. This promotion of precious metals as an investment option is a 180 degree turn about for the Chinese government. Just a few years ago, the sale of gold and silver was under strict government control. Now, for the first time, Chinese citizens can invest in silver bullion. Silver bars are available in weights from 500 grams to 5 kilograms with a purity of 99.9%.
Herein lies the significance of what the Chinese government is doing by promoting the investment of the Chinese public in precious metals: China holds over 1.5 trillion dollars of its reserves in US debt, mostly US Treasuries. If the Chinese were to switch these reserves into precious metals, like gold and silver, this move would undoubtedly drive the US dollar down and the global price of gold and silver up.
The Chinese government has recently publicaly stated their concerns about the dollar holding its value over the long term. They may be getting ready to take proactive steps to protect their interests.
Those who hold gold and or silver might well benefit from such a protective move.
Wednesday, February 04, 2009
Stocks to Fall 90% Before This Depression is Over
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Click on image to enlarge. Graph from StockCharts
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I want to go on record stating that the DJIA will fall to at or below 3000 before this Greater Depression reaches bottom. And likely below 2000. Most people invested in paper assets, such as stocks, will lose most or all of what they invested. Bye bye retirement plans and pensions for the hardworking. The Greater Depression will last upwards of 10 years because of all the wrong things the government is doing - trillion dollar bailouts for the greedy Jewish bankers who caused most if not all the problems, trillion dollar stimulus packages instead of allowing the correction that is needed to compensate for the excessive spending during the years of cheap anyone-who-can-hold-a-pen-can-get credit. Along with this doozy depression, starting in about 9-12 months, the winds of hyperinflation are going to blow through the economy like a hurricane - Hurricane Zim - after Zimbabwe.
As a result of 30% or greater un-employment, bank runs, food scarcity, the collapse of the dollar, there will be massive civil unrest, and hopefully, revolution. Then maybe people will be interested in getting back to the Ten Commandment Model of free market economics - just weights and measures, gold and silver coin as money to restrain government spending and bank lending, no private central bank charging usury and a high personal savings rate. I doubt that will happen but when the Ten Commandment Model was used, the nation was prosperous.
There is a price to be paid for ignoring God's biblical laws of economics. But what will be offered instead, by the same criminals that brought calamity upon the rest of us, will One World Order - a new global financial system run by the Jewish financial "Masters of the Universe" i.e., the Rothschilds, their progeny and the rest of the Jews so-called. The Volkers, the Kissinger, the Zionist boot licking Clintons, the Summers, the Geithers, the usurper Soetoro and all the rest of the government pimps and prostitutes will use the Jewish controlled media to sell the gullible lemmings their lies and profitable propaganda. And the people, who reject God and all that He stands for, will gladly accept the proposed solution for the crust of bread that is offered.
Sunday, January 11, 2009
One of the Non-Wall Streeters Who Gets It
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Those in control of our economy don't want to listen to this and other men who are telling it like it is because they are purposely destroying the economy.
You have to get your head around that idea and you're going to get your head handed to you.
Friday, January 09, 2009
U.S. Economy Headed for a Crash
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The U.S. economy is out of control and - like a runaway train - headed for a crash. Here's the proof.
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Those in the know are headed for the exits, and stocking up on gold.
Rich Turning to Gold Bars
This collapse of the U.S. economy was planned by International Jewry. When it's finished, they will wade in to the morass and buy up the non-Jewish productive businesses they didn't already control. They are inflating the money supply to keep the game going as long as possible. Don't be fooled into thinking the bottom is near. It's not. The bottom is at least three years out. Stay out of debt. Pay off any debt. "The borrower is servant to the lender." Get your hands on commodities. Food. Means of protecting yourself and your family.
And most importantly, remember God is still in control. What is about to happen is because most of the world thinks God is a dummy and have rejected His ways.
We're about to see who's right.
Saturday, December 06, 2008
Backwardation
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In over thirty years of looking up economic terms - this is the first time I had to look up "backwardation." Backwardation is when it is cheaper to buy a futures rather then a current spot priced commodity. In other words, the future price of a commodity, in the instant case, gold, is discounted in relation to the current spot price of gold.
What this means is - traders on the Comex Exchange are willing to pay a premium to take delivery of their contracts for gold rather than roll them over and take delivery in the future, even though the futures price is trading at a lower price [a discount] than the current spot price.
Why? There is a risk that gold in the futures contract will not be delivered. To insure - without risk - the buyer of gold has actual physical possession - he will demand delivery of the gold as per contract even though the spot or current price is higher than the futures price. He could sell at the higher spot price and take delivery in 30 days time at the lower futures price, and lock in a no-risk profit, but the buyer wants to guarantee he has gold in his possession.
Backwardation, if the condition persists for any length of time, will cause the collapse of the Comex market, because commercial traders - trying to preserve their financial future - will take delivery of gold at the current market price, rather than risk of taking delivery in the future and holding paper gold in the interim.
If this abnormal backwardation situation persists, the supply of gold will go to zero, as no one will be willing to sell the gold they have - that is, they will refuse to trade their gold for any currency, and the demand for gold will go to infinity, as an increasing number of investors seek to preserve their wealth by unloading fiat currencies and holding gold.
With the mounting and unpayable debt accumulating in the US and elsewhere, e.g. Iceland and certain Eastern European and Latin American countries, we will witness an increasing flight to hard assets such as gold and a collapse of the world's fiat currencies. Gold will soon not be for sale at any price. Those who do not hold gold will be up Proverbial Creek.
More about backwardation here:
Market Skeptics
Market Oracle
Market Oracle
Tuesday, October 28, 2008
Gold Shortage
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As the following links show, there now exists a shortage of physical gold in the real world market place. This shortage is in contradistinction to the falling price of price of paper gold in the Comex world of digital traders. Once some of these paper gold traders start demanding the delivery of their contracts, the fact of the physical gold shortage will become apparent and there will be a rush to acquire gold as a hard asset that can be held in investor's hands. Paper gold may turn out to be fool's gold.
Gold Market Dis-Information Specialists Ply Their Trade
"Well, here's a dose of reality folks: In a conversation I [Rob Kirby] had with one of Canada 's largest physical, retail bullion dealers last Friday – here's a summary of what he told me: As a long time and valued customer of the Royal Canadian Mint, he has been told that the Mint is not accepting ANY orders for gold or silver coin for at least 3 months – and no guarantees then either."
Gold: There are zero one ounce gold bars in North America at wholesale – period.
Same thing for 10 oz gold bars.
Some kilo gold bars are available at wholesale but in highly limited at prices starting at 5 % over spot [COMEX price].
He is currently receiving a couple of hundred calls per day for small gold [one ounce denominations] and has no product to sell.
Market Oracle
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Gold sales shine in dark economic times
BURLINGAME, Calif.--In the 50 years since Burt Blumert founded Camino Coin Company, a precious metals dealer in this quiet San Francisco suburb, he's never witnessed such a frenzy of interest in gold and silver coins.
"There are no gold coins available," said Blumert, who is now mostly retired after giving the business to a longtime employee last year. "This is just as true of silver, even more so."
CNet
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"I also have a friend there [Singapore] telling me that suddenly Chinatown jewelery ships are swamped with customers and the local gold shops have been out of physical since last week."
Rense.com
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Dubai runs out of gold on Diwali rush
Dubai: A massive rush at jewellery shops has led to a shortage of gold at some outlets, prompting some shopkeepers to overcharge customers, Gulf News has learnt.
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Gulf News
"When Inflation Erupts, Gold Will Take Off"
Asian economic activity has a big influence on the purchase of gold. At the London Gold Bullion Traders Conference in Kyoto, I was amazed to find the magnitude of the shortage of gold and silver coins. In Germany, they aren’t having the crisis we’re having here, but Germans were lining up to buy gold.
Gold Seek
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Germany Runs for the Gold
As the crisis in financial markets deepens and the value of stocks rapidly drops, many people in Germany are turning to gold as a traditional form of safe investment.
In Berlin, supplies of gold bars have been cleared and the city's goldsmiths report delivery times as high as six weeks.
Demand remains high in spite of the recent spike in the precious metal price, which now floats around 888 dollars per ounce.
Ebrun News
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Asim Jang said due to the international volatility in the gold market, there was shortage of physical gold bars but NCEL has already made arrangements from the refinery in Switzerland. “The refinery has been supplying commodity to NCEL in collaboration with its gold bars sector.”
Gold trading at NCEL Increasing
The gold and silver shortage has not abated, and if you can find gold or silver at the retail level, consider yourself fortunate.
1. We must report that there are no Gold or Silver Coins in dealer vaults or at the mints. Demand has simply overwhelmed the physical supply-every dealer has sold everything!
2. To complicate the shortage, the U.S. Mint halted minting 2008 American Eagles for the year.
istockanalyst.com
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One of the reasons I continue to believe that gold is on the verge of a substantial jump in price has to do with the divergence between paper and physical gold. The other day I had a client call the Denver mint in search of gold and silver coins and was advised that gold eagles cost US $1,195.00/ounce, while silver eagles are at US $25.95/ounce; take it or leave it. Also, coin shops in Florida simply do not have any gold and silver coins to sell. I know that the paper markets are subject to manipulation, but the reality can be found in the physical market. Gold may have turned around on Friday with its almost upside reversal, or it may fall down to 642.80 before we finally see a bottom, but gold is the only protection an investor can find in the deflationary world. Therefore everybody should be accumulating it on a regular basis according to their respective pocket books.
Gold Eagle.com
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The current dichotomy between paper [Comex] and physical precious metals markets is being caused by an intentional bottleneck at the wholesale level. Wholesale gold and silver is being hoarded to fund precious metal suppression schemes, such as sales and leasing, and to maintain dominance of the commercials in the paper markets by preventing a failure to deliver. In essence, this bottleneck between the wholesale and retail levels of the market in precious metals amounts to a de facto confiscation of gold and silver from the masses.Robert Chapman - October 29 2008
International Forecaster Weekly
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Gold coins in short supply, command 50% premium
CALIFORNIA: Popular gold and silver coins such as the one-ounce gold and silver American Eagles produced by United states Mint is not available for sale in the market and those who sell do it at a premium of 50 percent or more on spot price, according to Michael Maroney, Vice President, Monex Deposit Company.
"One-ounce and smaller gold and silver coins . . . ten-ounce and hundred-ounce silver bars . . . ten-ounce ingots and 32.15 ounce "kilobars" of gold have virtually disappeared from the marketplace," explains Maroney. "They're in private hands now, and people are holding onto them, unwilling to sell them back into the market."
Commodity Online
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Thursday, August 28, 2008
Little Noticed: Iran Converted Portion of FX Assets to Gold
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"Upon the decision of the government's task force, a segment of Iran's foreign exchange assets will be converted into real assets such as Gold and stocks," said deputy finance minister Mohsen Talaie to the Etemad-e Melli newspaper on Monday. [June 7, 2008]
This converting into gold - a "real asset" - by Iran was a biggy that went largely unnoticed when it occurred. I didn't know Iran was unloading some of its Euro and USD holdings for gold until just this week. Why was this converting to gold a biggy?
This was Iran giving Israel, Bush and the US financial and military cabal the middle finger. By withdrawing their funds and converting a portion of them into gold, probably all that they could, was letting USrael know that Iran was through their oil gained reserves in worthless US fiat currency and that they were not going to be intimidated by the Zionist controlled media's beating war drums over Iran's nuclear energy for electricity plans.
Apparently Iran learned from what happened in the 1979 Iranian hostage crisis when their foreign accounts were blocked until the crisis was resolved. This time around, while being threatened by USrael with nuclear war over its alleged nuclear ambitions, Iran is withdrawing its funds ahead of any such blockage. Moreover, it is converting at least part of its $75 billion reserve holding into gold.
To prevent their assets from being blocked due to the threat of new sanctions over Tehran's disputed nuclear ambitions......
Part of Iran's assets in European banks have been converted to gold and shares and another part has been transferred to Asian banks," Mohsen Talaie, deputy foreign minister in charge of economic affairs, was quoted as saying.[June 16, 2008]
Iran Converts Assets to Gold
The Jewish Banksters of Wall Street will not let this converting of foreign reserves into gold stand. They will have to move to stop this conversion from continuing because it will wreak havoc on their plans to monetize US debt by flooding the world with increasingly worthless US dollars. If Iran, the fourth largest oil producing and fourth largest oil exporting nation in the world, starts demanding gold for its oil, and other oil producing nations follow suit, or those holding large amounts of US dollar reserves, like China and Japan, start dumping the dollar for gold, driving up the price of gold, the US would be forced to buy expensive gold with dollars and then purchase oil with that higher priced gold. This type of reaction to the falling dollar by large holders of dollar assets would drive the price of gold through the roof. To prevent the price of gold from going into orbit, the Federal Reserve, a private banking cartel owned by Jewish bankers, including the Rothschilds, would then be forced to support the dollar to prevent its decline and to purchase oil with the stronger dollar, oil which would need to be paid for in gold. This dollar support can only come about by raising US interest rates, i.e. restricting the supply of credit, which would ruin what is left of the US economy. A severe restriction in available credit is what caused the Great Depression of 1929. A similar restriction today, on top of the sub-prime crisis, the housing crisis, the banking / financial crisis and the coming dollar collapse, would send the US economy into a tailspin that might take, not the three and one-half years it took in 1929-1932, but perhaps five or more years, until bottom is scraped.
The US can not let that happen. The US will not let that happen.
Like graffiti scrawled on the concrete walls of a slum neighborhood, the writing is on the wall. War with Iran - not over its alleged nuclear weapons program as we been lied to about - but because it is daring to convert its foreign exchange reserves into gold - is inevitable.
"Thou shalt not steal." The world is waking up to the fact that fiat currency, through inflation, is theft. They want no more stealing of their wealth by Jewish bankers. They want "just weights and measures" - Leviticus 19:36 - like gold.
Got gold?
Post Script: Why is the price of gold down, when the supply is so limited?
World's Largest Gold Refiner Runs Out of Krugerrands
Monday, July 14, 2008
Gold vs Dollar
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US Silver Eagles Illegal Rationing
June 4, 2008
Open letter to:
Henry Paulson
US Secretary of The Treasury
1500 Pennsylvania Avenue, NW
Washington, DC 20220
Edmond C. Moy
Director of The US Mint
801 9th Street, NW
Room 8S23-3
Washington, D.C. 20220
RE: US Silver Eagles Illegal Rationing
Dear Sirs:
It has come to my attention that 1oz US Silver Eagle coins are being rationed by the US Mint to 13 authorized dealers and not being made available to the public in adequate amounts.
http://www.silverinstitute.org/news/pr29may08.html
According to US Law: 31USC5112(e) this action is illegal and I demand that this rationing program end immediately.
http://frwebgate.access.gpo.gov/cgi-bin/getdoc.cgi?dbname=browse_usc&docid=Cite:+31USC5112
(e) Notwithstanding any other provision of law, the Secretary shall mint and issue, in quantities sufficient to meet public demand, coins which--
(1) are 40.6 millimeters in diameter and weigh 31.103 grams;
(2) contain .999 fine silver;
(3) have a design--
(A) symbolic of Liberty on the obverse side; and
(B) of an eagle on the reverse side;
(4) have inscriptions of the year of minting or issuance, and the words ``Liberty'', ``In God We Trust'', ``United States of America'', ``1 Oz. Fine Silver'', ``E Pluribus Unum'', and ``One Dollar''; and
(5) have reeded edges.
(f) Silver Coins.—
(1) Sale price.--The Secretary shall sell the coins minted under subsection (e) to the public at a price equal to the market value of the bullion at the time of sale, plus the cost of minting, marketing, and distributing such coins (including labor, materials, dies, use of machinery, and promotional and overhead expenses).
(2) Bulk sales.--The Secretary shall make bulk sales of the coins minted under subsection (e) at a reasonable discount.
(3) Numismatic items.--For purposes of section 5132(a)(1) of this title, all coins minted under subsection (e) shall be considered to be numismatic items."
The law is clear that the silver coins must be supplied to the US public in "quantities sufficient to meet public demand" EVEN IF it means the US Mint drives up the price of silver bullion on the open market in order to obtain the silver needed to produce the US Silver Eagles. That rise in price should, theoretically, decrease the current voracious demand for US Silver Eagles and allow for the true price discovery of silver bullion. That's how our freely traded markets are supposed to function in order to determine the “fair market value” of any asset.
Unfortunately, the rationing of Silver Eagle coins greatly distort the fair market value of both the coins as well as the silver bullion used to make them. By rationing the coins, the US Treasury and US Mint are artificially suppressing the demand for silver bullion thus creating artificial downward pricing pressure on silver. The size of this artificial price/demand loss is unknown BUT given that the 1oz US Silver Eagle is by far the most popular silver coin in the world, I would suggest that the artificial suppression is significant. For example, when the Silver Eagle rationing program started in mid-March 2008, the price of silver bullion immediately dropped from $21/oz to $17/oz thus trimming 20% off its fair market value in only 4 days. Clearly the fair market value is being artificially distorted. As stated in section (f) above, the public is entitled to purchase US Silver Eagle coins at the "market value of [silver] bullion" plus costs associated with production. Currently, that is not the case. I expect you to end the rationing program immediately and fulfill your legal obligation to the people of the United States of America.
The US Mint is not sanctioned to be a market maker or market manager in precious metals. The Mint is, by law, the facilitator of US Silver Eagle supply and that supply is legally designated to be limited only by the willingness of the purchaser to buy. If the Mint receives an order for 10M ounces or 20M ounces or even more it is 100% legally obligated to immediately supply those Silver Eagles from inventory or enter into the physical silver market and purchase the silver bullion and process it. What effect that purchase has on the price of silver bullion should not be of consequence to the Mint since the price is passed on to the purchaser (plus fabrication).
Luckily, for the stability of the silver market, the CFTC has assured the world that there is no silver price manipulation and that there is currently (and apparently always will be) an adequate supply of physical silver to cover any demand that surfaces.
http://www.cftc.gov/newsroom/generalpressreleases/2008/pr5499-08.html
I would also like to point out that the US Silver coin has always had tremendous historical and monetary significance to the citizens of the United States of America. US Silver Eagles represent "honest money" and to witness their continued manipulation is disheartening.
I am also sending this letter to other interested parties below to inform them that another silver crime is in progress.
Sincerely,
Bix Weir
US Citizen
Cc: Michael Mukasey, US Attorney General
A. Roy Lavic, Inspector General CFTC
Senator Dianne Feinstein
Congressman Ron Paul
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