GOLD PRICE UP While BITCOIN Price CRASHES - GOLD is Still The True SAFE HAVEN
Imagine a world in which you can buy anything in secret. No banks. No
fees. No worries inflation will make today's money worth less tomorrow.
The
digital currency Bitcoin promises all these things. And while it's far
from achieving any of them — its value is unstable and it's rarely used —
some have high hopes.
"There will be alternatives to the dollar,
and this might be one of them," said former U.S. congressman Ron Paul.
If people start using bitcoins en masse, "it'll go down in history as
the destroyer of the dollar," Paul added.
GOLD Outperforming the Stock Market in 2014 so far
What have we done:
after a series of reports in late 2012 in which we showed, with no
ambiguity, that not only might the Bundesbank's offshore held gold be
severely "diluted" (follow our 2012 exposes on German gold here, here,
here, and here), but that on at least one occassion, the Fed and the
Bank of England conspired against the Buba in returning subpar quality
gold, the Bundesbank shocked everyone in early January 2013 when it
announced it would repatriate 300 tons of gold helt in New York and all
of its 374 tons of gold held in Paris.
As many have said, if you don't actually hold gold, you don't own it.
As many have said, if you don't actually hold gold, you don't own it.
But
convincing the Bundebsbank to demand delivery was peanuts compared to
changing the tune of the Financial Times -- that bastion of fiat
"money", and where the word gold is mocked and ridiculed, and those who
see the daily improprieties in the gold market as nothing but
"conspiracy theorists" -- to say the magic words: "Learn from Buba and
demand delivery for true price of gold", adding that "one day the ties
that bind this pixelated gold may break, with potentially catastrophic
results."
In other words, precisely what we have been saying since the beginning.
Welcome to the 'conspiracy theorist' club, boys.
The
subject video covers an undercovered story on the missing German gold.
Back in the 1950′s Germany, along with several other nations sent their
gold to the U.S. Federal Reserve. Several months ago, Germany asked that
some of their gold be returned. The Fed refused. Germany then asked to
inspect the gold. Again the Fed refused.
So what would you think? I
would think they don't have it. I would suspect they stole it. Of course
those in Germany and other nations aren't stupid. If there are any
shenanigans going on, some in positions of power in those nations have
to be in on it. Now, with at least 20 years of manipulation in the gold
and silver markets, the chickens are coming home to roost. You can't do
this forever and you can't keep it a secret forever.
There have
been many stories on major banks selling gold and silver they don't
have. That's what keeps the market depressed. Sooner or later ( and I
think it's sooner ), even the conspiring nations will expose this to
deflect blame from themselves. This is, still another, nail in the
"dollar coffin". It is the hubris of those multinational bankers that
will do them in. In the meantime, I'd be buying gold and silver.
Due
to western central bank price manipulation, the mining sector is in
critical condition, the supply line is all but halted, and the physical
supply is being swallowed up by Asia. The last shoe to drop is for major
mining companies to start closing down production at major mines.
Though this would be perceived as the end for gold, speculators will be
happy to know that this would be the beginning of the biggest Fed
induced bubble in history! But unlike previous Fed bubbles where they
support the price increase, the gold bubble will be a result of western
central planners mis-managing the gold price for the past 3 decades and
finally losing control. As Peak Resources explains in the brief clip,
the perfect storm is coming for gold...
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