The Price of Gold: Does It Matter?

Post Reply
User avatar
Wade Hampton III
Posts: 2338
Joined: Fri Oct 18, 2013 10:40 pm
Location: Pontiac, SC

The Price of Gold: Does It Matter?

Post by Wade Hampton III » Tue Aug 09, 2016 12:25 am

Jay Taylor posted...

The short answer to that question is that I believe life itself, even if lived in
poverty, is what is really important. And when the existence of human life on Earth
is being threatened not only here and there in areas of the world where the U.S. is
fighting wars, but also across the entire globe, what does the price of gold matter
in the overall scheme of things? The reason my mind has gone in this direction for
this week’s letter is because of two articles I read this morning from Zero Hedge
that absolutely reflect my own understanding that it isn’t Russia or China that we
need to worry about. Rather it’s the (Jewish) neoconservatives that have dominated
American foreign policy in the U.S. to a growing degree ever since the implementation
of the Federal Reserve and the IRS in 1913. Of course people like F. William Engdahl,
who will be my guest on next week’s radio show, along with the likes of other guests
like Ron Paul, Ed Griffin, and many others have been influential in my thinking.
Engdahl’s God’s of Money along with Griffin’s Creature from Jekyll Island provides
insights into who really owns America and controls its propaganda machinery used
to try to keep Americans down on the mushroom farm. ... ger-wwiii/

So, the (Jew) mainstream propaganda turns the truth on its head. It says if you want
peace and tranquility, vote for an extension of Obama. Vote for Hillary. If you are
stupid and non college educated, go ahead and vote for Trump, but if you do you are
voting for World War III. Mainstream (Jew) propaganda espoused by well-spoken Harvard,
Yale, and Princeton Ph.D.’s disguise simple but obvious truths such as the fact that
it is NATO that is threatening Russia, not Russia threatening NATO. When was the last
time you heard or saw anything of Russian or Chinese warships off the coast of the
U.S.? Yet the neocons are pushing very hard a false narrative that Putin caused
trouble in the Ukraine, when in fact it was (the Jew) George Soros and his NGO that
overthrew the elected government in the Ukraine that led to Russia moving into Crimea.
evil_jew_Soros.jpg (69.73 KiB) Viewed 19229 times

User avatar
Wade Hampton III
Posts: 2338
Joined: Fri Oct 18, 2013 10:40 pm
Location: Pontiac, SC

Re: The Price of Gold: Does It Matter?

Post by Wade Hampton III » Sun Aug 28, 2016 3:19 pm

Eric Fry posted...

Here's the scariest chart you'll see this year.
Not many people are talking about this yet...
but it's important to see it now. Unfortunately,
it's only going to look worse in the coming months.
In red, you can see the global percentage of bonds
with negative yields...
bonds.jpg (26.12 KiB) Viewed 19147 times
And you can see this percentage is expanding month
by month. Just two years ago, there were little
to NO negative-yield bonds! And, as this red band
expands, the flight to gold will accelerate. So
the question right now isn't "Should I buy gold?"
or "Should I buy more gold?" The answer to both
is an emphatic "YES!" People MUST buy gold NOW...
or they'll be in tears when gold hits $1,400...
$1,500... and even higher!


User avatar
Jim Mathias
Posts: 2073
Joined: Mon Jun 13, 2016 8:48 pm

Re: The Price of Gold: Does It Matter?

Post by Jim Mathias » Wed Aug 31, 2016 9:52 pm

Let's suppose that the world's Jewish banking/financial system is manipulated to drive gold into high dollar exchange values and perhaps even a situation where bonds and other instruments are driven into a crisis scenario.

Such a crisis would present those who are involved in it with great rewards---at great risk. Hasn't this happened before, here, in the US of A, circa 1929? Many were wiped out and the few who were prepared for it gained great wealth.

To most Whites, this could mean loss of jobs/income, homes, families, and so on if preparations aren't made.

While nice to have a diversity of "investments" in one's portfolio, including gold, useful commodities, and so on there's one that got Americans (and Germans too, 80 some years ago) and that's a system of exchange based on work. Investing in being productive in useful skills during hard times can keep one's family fed and kept together when others are starving and more likely to break apart.
Activism materials available! ===> Contact me via PM to obtain quantities of the "Send Them Back", "NA Health Warning #1 +#2+#3" stickers, and any fliers listed in the Alliance website's flier webpage.

User avatar
Wade Hampton III
Posts: 2338
Joined: Fri Oct 18, 2013 10:40 pm
Location: Pontiac, SC

Re: The Price of Gold: Does It Matter?

Post by Wade Hampton III » Thu Sep 01, 2016 5:09 pm

Stefan Gleason posted....

The world monetary order is changing. Slowly but steadily, global
trade and currency markets are becoming less dollar-centric.
Formerly marginal currencies such as the Chinese yuan now stand
to become serious competitors to U.S. dollar dominance. Could
gold also begin to emerge as a leading currency in world trade?
Over time, it certainly could. But the more immediate implications
for gold’s monetary role center on its increasing accumulation by
central banks such as China’s. On October 1st, the Chinese yuan
is slated to enter the International Monetary Fund’s Special
Drawing Right (SDR) basket of top-tier currencies. It will share
SDR status with the U.S. dollar, euro, British pound, and Japanese
yen. Before the yuan officially becomes an SDR currency, the World
Bank intends sell $2.8 billion in SDR bonds in Chinese markets.
The rollout of SDR bonds in China began August 31st. According
to Reuters, China’s promotion of SDR bonds “is part of a wider
push in China to… boost demand for Chinese yuan and diminish
reliance on the U.S. dollar in global reserves.” King Dollar
won’t be dethroned overnight. But the place of prominence the
U.S. dollar – more accurately called the Federal Reserve Note –
enjoys as the world's reserve currency will indeed diminish
over time.

China and Russia have mutual geostrategic interests in helping
to promote de-dollarization. Toward that end, the two powers are
engaging in bilateral trade deals that bypass the dollar. Annual
bilateral trade between China and Russia has surged from $16
billion in 2003 to nearly $100 billion today. When China hosts
the G20 summit in September, it will make Russian President
Vladimir Putin its premier guest of honor. U.S. officials are
none too pleased. They fear Putin aims to expand his global
reach by forging stronger ties with China. According to the
South China Post, “Some Western analysts have viewed the recent,
rapid enhancement of such collaboration as the beginning of a
partnership set on destabilizing the U.S.-led world order and
diminishing Washington’s capacity to influence strategic
outcomes.” Some in the Hillary Clinton campaign even fear
that Russia will interfere in the upcoming U.S. election to
try to block Hillary’s path to the White House. Russian hackers
have been implicated in a number of recent “leaks” that damaged
the reputations of U.S. banks and the Obama administration.
Wikileaks founder Julian Assange has hinted at further releases.
Hillary’s allies openly speculate that these Wikileaks hacks
are being sourced from Russia. But the Russians and the Chinese
aren’t counting on cyber warfare to dethrone King Dollar. In
addition to bilateral trade deals and strategic plays for
regional economic dominance, the two powers are bulking up
on gold. Over the past several years, Russia and China have
each been adding massively to their gold holdings. Since 2009,
China’s officially reported gold holdings have jumped by 60%.
The enlarged gold stockpiles held by the People’s Bank of China
helped China win ascension into the IMF’s elite SDR currency basket.
It’s part of a larger trend of world central banks becoming net
gold buyers. They were net sellers throughout much of the 1990s
and early 2000s. That helped keep gold prices suppressed. But
since 2010, central banks have been net buyers of gold – to the
tune of more than 500 tons per year.
demand.JPG (30.24 KiB) Viewed 19088 times
Russia alone added 172 tons of gold in 2014 and 208 tons in 2015.
By swapping some of its U.S. Treasury securities for bullion bars,
the Russian central bank has become the world’s seventh largest
gold holder. Yet gold makes up just 16.2% of Russia’s monetary
reserves, which is a lower proportion held by its Eurozone neighbors.
Russia likely isn’t done accumulating. As the world’s third largest
gold producer, Russia can readily supply itself with more. A similar
scenario figures to play out in China, perhaps even more dramatically
so. China’s “official” gold hoard of 1,823 tons as of August 2016
gives it the world’s sixth biggest gold reserve. Yet relative to the
size of China’s economy and currency supply, its gold stash doesn’t
amount to much – just 2.3% of total monetary reserves. Chinese
leaders aim to be regionally dominant. In order to secure that
position they are moving to own and control greater shares of the
gold market. The recently opened Shanghai Gold Exchange gives China
a direct mechanism for controlling the physical gold market in Asia.
It’s a way for China to take at least some control away from Western
governments and banks that have traditionally dominated the gold
trade out of London and New York. Unofficially, China likely has
additional gold reserves that it doesn’t report. But even if China’s
real gold stash is double or triple what it actually reports, as
some analysts suggest, that still leaves the country of 1.3 billion
people with far less gold backing than Russia, the United States,
Europe, and some of its Asian rivals. China has a lot more gold
accumulating to do in the years ahead. When the Chinese yuan
becomes an SDR currency this fall, that could be the inflection
point for a new multi-polar currency regime that sees the Federal
Reserve Note decline in stature as central banks scramble to stock
up on the ultimate money: gold!
beautiful-coins.JPG (72.65 KiB) Viewed 19088 times

User avatar
Wade Hampton III
Posts: 2338
Joined: Fri Oct 18, 2013 10:40 pm
Location: Pontiac, SC

Re: The Price of Gold: Does It Matter?

Post by Wade Hampton III » Sun Oct 16, 2016 5:51 am

Kelly Carnes posted...

Sorena Sorensen is the Curator in charge of the Rock and Ore Collection
at the Smithsonian Institution National Museum of Natural History. She
has answered the question on "What makes gold so valuable?":

With regard as to whether gold is “precious,” rarity is one of the important
characteristics of a precious metal or gemstone, but there are other reasons.
For example, pure gold doesn’t tarnish. However, most gold sold in the US is
far from pure. Lower karat weights of gold are achieved by adding other metals
to gold. Sometimes this is done for a design effect. For example, copper
creates rose gold, whereas silver +/- zinc +/- nickel yields white gold. However,
copper and silver will produce gold that will tarnish over time. Pure gold is
too soft to routinely wear as jewelry, so most gold jewelry sold in the US is
offered in 22, 18, 14 or 12 karat varieties. In Asia and India, 22 karat gold
is not uncommon, because buyers in these markets prefer the bright color that
is dimmed by the additives added in the US (in particular) for strength and
durability. “Precious” is a cultural term that must be considered along with
rarity and beauty: for example, in much of Asia and in particular China, jade
is considered to be the most precious gem after diamond. It is common to see
jade jewelry with diamond accents and platinum settings. This is in part because
early Chinese and other stone-age cultures (certainly for the past 3000 years,
but in some reports as much as 6000), valued a rock that could be delicately
shaped and exquisitely polished. My point is that value is and has been added
to diverse materials by cultures, and there isn’t an absolute, world-wide
“standard of value,” as it were, for precious metals and stones. That said,
many cultures around the world—including the US and Europe—continue to prize
gold. Just visit any shopping mall—there you will find jewelry and department
stores selling “precious stones” (understood here as diamonds, emeralds, rubies
and sapphires) set in gold. As long as someone will buy these pieces and keep
the store solvent, I think it is reasonable to say that gold is regarded as
precious by Americans. Historical references place gold as a valued material
back to 3000 BC, in Egyptian writings that describe the relative worth of
gold and silver, and certainly ancient Egyptian culture valued gold. Something
that has been valued for so long by so many tends to holds its worth. I think
it is unlikely that people will suddenly decide that gold is of no worth except
as an industrial mineral during our lifetimes. Finally, many people now living
(including myself) remember the end of the backing of currencies by gold in 1971.
Until then, US and European currencies were backed by gold reserves in national
repositories, with a value set at $35 per ounce. Will currencies ever be backed
by gold again? It is difficult to say, but whenever the stock market gets weak
or the threat of war looms somewhere, many individuals begin to buy gold, and
the price rises. The price of gold hit $1700 per ounce this week standard. It
is not necessarily logical, but people have always valued gold in this way. ... d-valuable

-Sorena Sorensen
Curator of Rock and Ore Collection
Smithsonian Institution
National Museum of Natural History
man's best friend
man's best friend
beautiful-girl-in-gold.jpg (70.4 KiB) Viewed 18939 times

User avatar
Wade Hampton III
Posts: 2338
Joined: Fri Oct 18, 2013 10:40 pm
Location: Pontiac, SC

Re: The Price of Gold: Does It Matter?

Post by Wade Hampton III » Tue Nov 01, 2016 6:04 pm

Gold To The Moon!

By E.B. Tucker, editor, The Casey Report:

We are on the cusp of a powerful bull market in gold. It could be
the biggest in a century. This won’t be like the gold bull market
of the 1970s, when inflation drove gold from $35 an ounce to $800
an ounce. Or the bull market last decade that sent gold from $250
to $1,900. This time it’s different. Sure, central banks around
the world are creating new supplies of money as fast as their
politician friends can spend it…but that’s not the biggest push
for gold. You see, right now, there are three major catalysts that
could send gold to the moon:

1) A new "gold law"…

You won't hear about this catalyst in the financial media…but it's
urgent. On December 31, 2016, the floodgates could open for 1.6
billion "gold bugs"…32 central banks…and 112 billionaires. I'm
talking about a new gold standard for Islamic law. Right now,
the World Gold Council is working with the Accounting and Auditing
Organization for Islamic Financial Institutions, which sets the
standards for Islamic financial law, in order to create an entirely
new standard for gold trading. This is huge. In short, we could be
looking at $3 trillion piling into the gold market later this year.
You see, Islamic law bans certain “immoral” trades…things like alcohol
and tobacco stocks. It also includes gold…even though gold holds a
special place in Islamic culture. So until now, gold has been “off-
limits” to Muslims for the past 42 years. In other words, one-quarter
of the world’s population—among it the world’s most enthusiastic gold
buyers—has hardly touched a single gold investment. But that could
all change… This new standard would allow close to a quarter of the
world’s population to trade gold investments just like any other.
When that happens, all of that pent-up demand will be unleashed.
The next catalyst will come from China…

2) China has taken control of pricing gold…

China is the world’s top importer, producer, and consumer of gold.
Earlier this year, China opened the Shanghai Gold Exchange. It’s a
“shot across the bow” to the world that they want to dominate the
global gold market. If estimates are right, China’s gold reserves
are almost double that of every other major country combined. And
obviously they think they should set the price. Not banks in the
West. China wants a price set on actual physical gold. Not on (Jew)
paper contracts, like futures. [Little wonder there are so many
Jews on the COMEX] This is truly game-changing. For the last 40
years, the Libor and COMEX exchanges priced gold based on futures
contracts. Right now, there are 252 ounces of gold claims per ounce
of deliverable gold. China will change that when it becomes the
center of gold trading. And every single trade on the Shanghai
Gold Exchange will be backed by the equivalent amount of physical
gold. In combination with the new Islamic law, gold has a legitimate
shot at rising to levels we haven't seen in our lifetime. In fact,
the Chinese are quietly opening yuan “clearing banks” in Middle
Eastern countries…including a new yuan bank in Dubai — the financial
hub of the Middle East. But there's another catalyst that ties
everything together…

3) “Peak gold” has arrived…

Peak gold is similar to the concept of peak oil. The idea is that,
at some point, the easy-to-extract oil will be gone. Exploration
and development costs will soar. And production will decline over
time. The thing is, this can be applied to all finite resources.
None more so than gold. Right now in the gold sector, the production
of gold is rapidly shrinking…just as demand is soaring. This has
caused exploration to plummet in recent years, simply because the
cost isn’t worth it. The experts are saying “peak gold” is here.
Last year, (the Jews at) Goldman Sachs warned that there’s “only
20 years of known mineable gold reserves.” The “known” part is key.
That’s because the costs of mining exploration have surged 10-fold,
even as new discoveries become few and far between. This has caused
exploration to plummet in recent years, simply because the cost isn’t
worth it. BlackRock, the world’s largest asset manager, agrees we’ve
reached “peak gold.” It predicts gold production will decline by
20% every year moving forward, even with higher prices. So in a
nutshell, you’ve got…

• The shrinking supply of gold…

• The unprecedented and instant surge of demand from 1.6 billion
Muslims worldwide…

• And the new Shanghai Gold Exchange that could return physical
gold back to the gold markets…
Girls Look Better In Gold
Girls Look Better In Gold
golden-gurl.jpg (140.69 KiB) Viewed 18872 times

User avatar
Wade Hampton III
Posts: 2338
Joined: Fri Oct 18, 2013 10:40 pm
Location: Pontiac, SC

Re: The Price of Gold: Does It Matter?

Post by Wade Hampton III » Tue Nov 15, 2016 6:49 pm

War On Cash!

Chaos reigns as 500 rupee, 1,000 rupee notes are banned! ... corruption
worthless.jpg (130.99 KiB) Viewed 18805 times
Jim Rickards comments...

India’s decision to make 1,000 and 500-rupee notes
worthless is having devastating ripple effects in
the Indian economy and the market for gold. The
consequences of the decision are both appalling and
encouraging — appalling because they show governments’
ability to destroy wealth, and encouraging because they
show the ingenuity of individuals operating under the
thumb of an oppressive government. One immediate
consequence is that paper money began trading at a
discount to face value. In plain English, you might
be able to sell your illegal 1,000-rupee note to a
middleman for 750 rupees in smaller denominations.
You would get legal tender for your worthless 1,000-
rupee note. The middleman presumably has some connection
with the banks that allows him to deposit the funds
without being harassed by the tax authorities. It’s
not unusual for bonds to trade at a discount due to
changes in interest rates or credit quality, but this
is the first time I’ve ever seen cash trading at a
discount (although I did predict this development in
Chapter 1 of my new book, 'The Road to Ruin,' released
today). The second distortion is that gold is selling
in India for over $2,000 per ounce at a time when the
world market price is about $1,275 per ounce. This is
because Indian citizens are rushing to buy gold for
cash. The gold dealers can then deposit the cash for
full value. This is just another form of discount on
the face value of the cash. It’s not that gold is more
valuable; it’s just that your $2,000 is worth only
$1,275 (in rupee equivalents) when it comes time to
buy the gold. By Friday, Nov. 11, the entire banking
system in India was beginning to run out of cash and
alternative forms of payment such as gold and barter
were emerging. Don’t think of this as something that
happens only in poor countries. Similar scenes will
play out in the U.S. and Europe as elites (Jews)
become more desperate to take your money.
Caucasian Roots!
Caucasian Roots!
indian-gold-jewelry.JPG (105.88 KiB) Viewed 18805 times

User avatar
Wade Hampton III
Posts: 2338
Joined: Fri Oct 18, 2013 10:40 pm
Location: Pontiac, SC

Re: The Price of Gold: Does It Matter?

Post by Wade Hampton III » Mon Nov 21, 2016 6:20 pm


Jim Rickards comments....

What an amazing month!

Not only did Donald Trump win the U.S. presidential election two weeks ago
(something I predicted in advance would happen), but markets exhibited wild
swings. Investors got whiplash based on secret middle-of-the night trades
by two of the richest men in the world. Carefully constructed election trading
strategies ran into a pair of billion-dollar buzz saws, wielded by legendary
stock trader (Jewish) Carl Icahn and hedge fund maven Stan Druckenmiller.
Their combined predawn raid on the markets produced shocking results. When
the dust settled, the stock market was in an expected place by an unexpected
path, and gold was in an unexpected place. The good news is that with these
shocks behind us, we have much greater clarity on the path ahead. In fact,
the opportunities for profit, especially in precious metals, are the best
since late 2015. A review of the price dynamics of the past two weeks will
explain why. Going into Election Day, Nov. 8, I said the following:

“Trump would win despite overwhelming odds and universal opinion to the contrary;
stocks would sell off on the Trump victory, but then bounce back based on
consideration of his pro-growth policies; and gold would surge and hold those
gains at a new, higher level.”

The trading strategy I recommended for my readers was to buy a put option on
the S&P 500 with a quick exit and a call option on gold. Most of this played
out exactly as I expected. Trump did win the election. Stocks did sink and
then bounce back. Gold did surge. But there were two trading shocks that
frustrated the expected profit opportunity. The first shock was that legendary
stock trader Carl Icahn, a close friend of Donald Trump, left the Trump victory
party in the middle of the night and ordered his traders to buy $1 billion of
stocks even as the stock index futures were plunging. Here’s the story as
reported by Bloomberg:

As Donald Trump celebrated his surprise election win over Hillary Clinton and
equity futures swooned in response, billionaire investor and Trump supporter
Carl Icahn headed home to start trading. Icahn, 80, left President-elect Trump’s
victory party in the early hours of the morning to bet about $1 billion on U.S.
equities, he said Wednesday in a telephone interview on Bloomberg TV. “I would
have tried to put a lot more to work, but I couldn’t put more than about $1
billion to work, and then the market got away. But I’m still happy about it,’’
Icahn said. “The S&P was so liquid — it was unbelievably liquid — the world
was going nuts. Last night it was amazing, the world was going into a panic…”

S&P 500 futures fell as much as 5% overnight, triggering trading curbs that
prevent further declines. Contracts on the benchmark index all but erased that
decline by the time markets opened at 9:30 a.m. in New York, and the benchmark
index rose as much as 1.4% Wednesday. Here’s a chart of the SPX (ticker for the
S&P 500 index) that shows the beginning of the Trump sell-off. That turned on
a dime when Icahn put in his $1 billion buy order:
bacon.png (15.82 KiB) Viewed 18766 times
I expected stocks to sell off at first and then rally back once investors had
time to consider Trump’s low-tax, big-spending, light-regulation policies.
Normally, it would have taken a day or two for large institutions to digest
the policies and pivot to a stock market rally. That would have been enough
time to exit the initial put option position I recommended. But Icahn is not
an institution — he’s a (Jewish) maverick individual, a Trump insider and one
of the few traders in the world with enough fire power to single-handedly
reverse market momentum. Icahn compressed the reversal into a matter of hours,
not days, and did so in the middle of the night before other investors could
profit. Something equally extraordinary happened in the gold market at about
exactly the same time. Gold prices surged late on Nov. 8 and into the early
morning hours of Nov. 9 as a Trump victory became clear. This was exactly in
line with my expectations. Based on sentiment and momentum, gold should have
held those gains. Instead, one of the largest and most visible individual
gold investors, Stan Druckenmiller, decided to liquidate his entire gold
position in the middle of the night. Druckenmiller told CNBC: “I sold all
my gold on the night of the election… All the reasons I have owned it for
the last couple of years, it seems to me they may be ending. And by the way,
they’re ending globally.” We don’t know the exact size of Druckenmiller’s
gold sales, but given his total fund size, outspoken support for gold and
potential leverage, an estimate of a $1 billion gold dump is not unreasonable.
This was the second “billion-dollar buzz saw” that cut up the recommendations
I made for my readers. Here’s a chart of the gold price action showing the
strong rally immediately after the Trump victory became clear and a sharp
reversal as Druckenmiller dumped his position:
kills.png (14.47 KiB) Viewed 18766 times
I expected a stock reversal, but I did not expect a gold reversal. I expected
gold to hold onto its post-Trump gains. The “Druckenmiller Dump” put an end
to the rally. The decline in gold continued into the following day, Nov. 10.
That action was based on a change in sentiment and “me too” sales by weak
hands who were piggybacking on Druckenmiller all along. That’s what happened
two weeks ago. Where do we go from here? Where are the new opportunities to
profit now that the election week shocks are behind us? For now, the best
advice in the stock market is “Don’t fight the tape.” Markets have a view
that bank stocks will go up because of a steepening yield curve, construction
and transportation stocks will go up because of higher infrastructure spending,
pharmaceutical stocks will go up because of reduced regulation and defense
stocks will go up because of increased defense spending. Thanks to Donald
Trump’s presumed policies, many sectors are surging. There are many reasons
to doubt this narrative, but for now the approach I recommend is just to
stand aside and not fight the view that “Happy Days Are Here Again.”

Gold is more interesting. I can’t read Stan Druckenmiller’s mind, but his
stated reasons for dumping gold don’t make sense. In fact, he may just be
a trader who had a good run, made substantial profits over the past year
(perhaps $200 million) and decided to take his money off the table. That’s
fine, as it’s his money.

But when Druckenmiller says, “The reasons I have owned [gold] for the last
couple of years… may be ending,” that’s demonstrably incorrect. The reasons
to own gold are insurance against extreme risk, as a hedge against inflation,
and as a sound form of money in a world where central banks are losing
control. All of those reasons still apply. In fact, the reasons for owning
gold are more urgent than before Trump’s victory. Trump’s big spending plans
will blow a hole in the budget deficit. If the Fed accommodates the deficit
with “helicopter money,” inflation will surge. If the Fed leans against the
big deficits with rate hikes, this will cause a stronger dollar and lead to
a global liquidity crisis in emerging markets. If bank regulation is eased,
banks can be relied upon to leverage up with risky derivatives, which will
make the next financial crisis more, not less, likely. Druckenmiller’s
stated reasons for selling gold are equivalent to saying, “I cancelled my
fire insurance because now that Trump is president, we won’t have any more
fires.” Don’t count on it.

Trump himself was the first presidential candidate since Ronald Reagan to
speak favorably about the role of gold in the monetary system. That does
not mean there’s an imminent return to the gold standard, but it does
mean we can expect to hear more discussion about the monetary uses of
gold in the months ahead. Whenever gold is considered as money, the
necessity for much higher gold prices to support the existing paper
money supply quickly becomes apparent. Druckenmiller has given gold
investors a gift. By single-handedly taking down the gold markets, he
has given investors an excellent entry point for new positions in
precious metals. The gold and silver stories are still intact, with
or without Druckenmiller’s participation. Who knows, he may even tiptoe
back into the market — that’s what hedge fund guys do. Going forward, I
expect to see gains in precious metals that will more than offset any
losses from those two “billion-dollar buzz saws” that were out on election
Gurls Luv Gold!
Gurls Luv Gold!
gold-bikini-girl.jpg (111.68 KiB) Viewed 18766 times

User avatar
Wade Hampton III
Posts: 2338
Joined: Fri Oct 18, 2013 10:40 pm
Location: Pontiac, SC

Re: The Price of Gold: Does It Matter?

Post by Wade Hampton III » Fri Nov 25, 2016 1:59 am

Stockman On Stocks - SELL EVERYTHING!

Tyler Durden posted...

"Under a Trump victory, all bets are off," warns former Director of the
Office of Management and Budget under President Ronald Reagan, David
Stockman. "I like [Trump] because he's against the establishment, but
he has no economic program. Yes, he's a disruptor, but has nothing to
disrupt with," Stockman told CNBC, "if elected, it will be partisan
warfare and a total disaster." Stockman's message is clear, as CNBC
notes, sell everything... ... san-warfar

Stockman likened the future of Wall Street, after the election, to
San Francisco after the 1906 earthquake, one of the most devastating
ever. For this reason, Stockman has washed his hands of everything in
his portfolio except cash and gold.
Really Good Stuff
Really Good Stuff
cash-&-gold.JPG (98.88 KiB) Viewed 18737 times

User avatar
Wade Hampton III
Posts: 2338
Joined: Fri Oct 18, 2013 10:40 pm
Location: Pontiac, SC

Re: The Price of Gold: Does It Matter?

Post by Wade Hampton III » Fri Dec 09, 2016 5:20 pm

Anonymous (not verified) +1points : 0replies : 1 hour 15 min ago posted....

The gold and silver commodities market has taken a real beating from market
manipulation from JP Morgan and Goldman Sachs, especially after the election,
gold dropping more than $130/ oz over 29 days or so... The hundreds of tonnes
(an "unprecedented" 800+ tonnes) of false/fake gold paper COMEX short contracts
that were dumped on the commodities gold market, to artificially suppress the
price, was a clear and desperate deep-state Federal Reserve/Goldman and JPM
move, to try and divert attention away from the moves the gold and silver market
would have made upwards. This stupid desperation to keep the gold and silver
prices as low as possible, will only last until the spread between the price
on the PHYSICAL COIN AND BAR GOLD of the Shanghai Gold Exchange, and the
and COMEX of London and New York, become great enough to create an arbitrage
that DRAINS the gold from western sources in exchange for useless Federal
Reserve dollars by the East, and reallocates the gold supply to the East....
At this point the REAL and TRUE price of gold, will be discovered. If the
dollar is not devalued further (which is virtually impossible), gold will
be revalued to $5000 based on inflation and the suppression figures that
now plague the current gold price. Silver is different in the sense that
it is consumed and there are **massive supply deficits every year...If JP
Morgan keeps suppressing the silver price, primary silver miners will not
sell, or sell very little until a fair price is once again established in
the fake paper contracts market. And as the supply dwindles, entities WILL
take delivery and once a customer cannot get delivery of their physical
silver, a default will occur, creating a run on the commodity....Only,
there will be no sources for supply in larger scales, causing the price
to go stratospheric. The unprecedented greed of deep state (establishment)
people in the US and Europe destroyed the world economy, and caused political
disruption all over the world since 2008, they still haven't learned a thing.
They got TOO GREEDY; there is only so much that can be taken from the world's
economy before everything comes to a standstill. Unfortunately they still
haven't learned...The EU will fail, the establishment candidates these
globalist corruptors insert into elections of every NATO and G20 country
will lose, and people will revolt with votes or violence. Either way, a
revolution is under way and the World Order is being derailed.....Again,
all because the elitists got too damn greedy!
Yid Greed
Yid Greed
jude.jpg (89.67 KiB) Viewed 18583 times

Post Reply