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The Price of Gold: Does It Matter?

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Wade Hampton III

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Re: The Price of Gold: Does It Matter?

PostSun Oct 06, 2019 10:04 pm

From Swiss America.....

"Warren Buffett is not a fan of gold....Let's see what gold has done since 2001 when I gave a renewed long-term 'buy' signal...Gold plunged to about $250 by year 2001. At that time, no one even wanted to hear the word 'gold.' Bearish sentiment was at extreme highs. As you can see in this chart, gold far outperformed the S&P 500 since 2001. Buffett uses arbitrary dates, similar to many stock analysts who want to make a point against gold. They pick the dates that give them the results they want....Some speculators like more excitement in their trades, such as cryptocurrencies, which go up or down 20%-30% in 24 hours. In exchange for your money you get a computer entry, nothing tangible. Eventually, these cryptos will be regulated out of existence. The central banks can't tolerate private entities overtaking its role of creating money out of thin air. I prefer something the central banks of the world buy many tons of: gold....Gold will become the most desirable asset when the central banks restart their QE (quantitative easing) programs in order to avoid devastating recessions. The purchasing power of money will be eroded significantly....The role of corrections in gold are to 'shake the tree,' i.e. to separate weak holders from their holdings....I always look for investments that have something of value. It let's me sleep at night."
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Franklin D. Roosevelt made it illegal for any person in the United States to own gold. Gold certificates were withdrawn from circulation along with all gold coins and gold bullion as required by the Gold Reserve Act of 1934. Gold certificates were available until December 28, 1933, when they were forever removed from circulation. Section 2 of the act transferred ownership of all monetary gold in the United States to the US Treasury. Monetary gold included all coins and bullion held by individuals and institutions, including the Federal Reserve. In return, individuals and institutions received currency at a rate of $35 per ounce of gold. This rate reduced the gold value of the dollar to 59 percent of the value set by the Gold Act of 1900, which equaled $20.67 per ounce. That rate had prevailed until the spring of 1933, when the Roosevelt administration began its campaign to devalue the dollar.

Sections 5 and 6 of the act prohibited the Treasury and financial institutions from redeeming dollars for gold, which was the design of gold certificates, inverting the system that had prevailed in the United States since the nineteenth century. Under the old system, the government converted paper currency to gold coins, whenever citizens desired to do so. Under the Gold Act, the government converted gold into dollars, regardless of whether citizens wanted to engage in the exchange. In the United States, from 1933 to 1974 it was illegal for U.S. citizens to own gold in the form of gold bullion, without a special license. Gold was available in coin and ingot outside the US and just across the border in Mexico and Canada but restricted and controlled under stiff penalty in the US. The ban was not lifted until legislation was signed in 1974 by President Gerald Ford. On January 1, 1975, gold ownership was made legal and gold can now be freely held in the U. S. without any licensing or restrictions of any kind.

This form of legislative piracy was enforced for 40 years. Dental companies, jewelers, and electronic firms had to apply to the federal reserve for the issuance of gold. People could own gold jewelry so long as it was under 15 ounces. The Federal government actually issues gold coins now - $50 US (1 oz), $25 US (1/2 oz), $10 US (1/4 oz) and $5 US (1/10 oz). Technically if another gold act were to occur, the government would only be required to compensate owners the face value of the coin. A fifty dollar gold piece that now sells for more than $1500 could now be taken by the Treasury and only payout would be $50.00.
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Wade Hampton III

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Re: The Price of Gold: Does It Matter?

PostTue Oct 08, 2019 3:57 pm

Whispered from across the Web: "This means absolutely nothing!
When I see Jamie Dimon walk the green mile, then I will believe
the silver manipulation will end! Not before!"
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Wade Hampton III

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Re: The Price of Gold: Does It Matter?

PostFri Oct 11, 2019 2:11 pm

The Turks are kewel! The German Nazis melted gold dental fillings
from Jew concentration camp inmates and found the best price
for it was in neutral Turkey. At the same time, Turkey kept selling
Germany the chromium ore it needed to build weapons and continue
the war.
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https://www.yahoo.com/news/wwii-lesson- ... 22768.html
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Jim Mathias

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Re: The Price of Gold: Does It Matter?

PostFri Oct 11, 2019 9:21 pm

Wade Hampton III wrote:Whispered from across the Web: "This means absolutely nothing!
When I see Jamie Dimon walk the green mile, then I will believe
the silver manipulation will end! Not before!"
Only walk the green mile? That mountain of fraudulently obtained silver JPM is sitting on should be forfeited as well. But what am I saying? It would go to some anti-White government if the seizure occurred....and likely one based in Tel Aviv.
Contact me via PM to obtain quantities of the "Send Them Back" stickers.
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Wade Hampton III

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Re: The Price of Gold: Does It Matter?

PostSun Oct 13, 2019 4:26 am

Jim Mathias wrote:Only walk the green mile? That mountain of fraudulently obtained silver JPM is sitting on should be forfeited as well. But what am I saying? It would go to some anti-White government if the seizure occurred....and likely one based in Tel Aviv.


I see you catch on fast. Thinkers of any consequence are seldom in a place where constructive
racial - biological- ideas - whatever, are - because of the loss of the Second World War to the
enemy Jews. Caucasian survivors of the collapse of the Western World should be prepared
to deal with life as it comes...because the Jews have every intention of making the next day
even worse than the one before.
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Wade Hampton III

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Re: The Price of Gold: Does It Matter?

PostWed Oct 23, 2019 2:11 am

Wade Hampton III wrote:Whispered from across the Web: "This means absolutely nothing!
When I see Jamie Dimon walk the green mile, then I will believe
the silver manipulation will end! Not before!"



Ted Butler posted.....

In the latest Commitments of Traders (COT)
report released last week, the total commercial
net short position in COMEX gold futures reached an
all-time high and the concentrated short position
of the eight largest shorts came within a whisker
of establishing a similar record. It would be
foolish to deny that COMEX futures positioning
is what sets the price. Watching the Justice
Department and the CFTC keep issuing traffic
citations (for spoofing) while the serial murderer
(JP Morgan) continues to kill is infuriating.
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Wade Hampton III

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Re: The Price of Gold: Does It Matter?

PostSun Nov 03, 2019 3:53 pm

Death Of The London Gold Pool....

In 1933, the FED's monetary inflation caused the Great Depression which was also America's first bankruptcy. FDR plundered the American people's gold and one month later outlawed the private possession of gold, an illegal act that existed until 1975. This article will briefly review the history and aftermath of the infamous London Gold Pool. For those unfamiliar with monetary history, let me quickly establish the events framing the London Gold Pool.

https://www.nolanchart.com/article6535- ... 11968-html

The London Gold Pool was created by 8 central banks (the USA and 7 Europeans) to suppress the gold price as close as possible to the official target price of $35.20 USD defined as part of the Bretton Woods agreement in 1944. The London Gold Pool collapsed in 1968 after a big devaluation of the UK pound.
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