Posted on 01/31/2008 12:06:56 PM PST by shrinkermd
GATA alleges that gold stored in US vaults has not been audited for some time. Further they allege the gold is being used to artificially depress the price of gold.
This full page ad appeared in the WSJ today. It can be found: HERE.
Or else a sales pitch by someone who wants you to think that the price of gold is about to jump, and they just happen to have some you could buy buy buy right now.
Paranoia. Conspiracy theorists have been spreading these rumors for 60 years. Every so often they do an audit, and the next day, they are back at it, making the same allegations.
When you think about it, though, you wonder why we have the gold reserve to begin with. What good is it? Why not liquidate it and use the money to pay down the national debt? In order to be a scandal, it’s gotta be something bad. Selling off the gold reserve might be a good idea.
I think the only manipulation going on is all the world’s government is obfuscating the REAL inflation rate...
You can always count on gold brokers scaring people into buying from them. This has been par for the course for 25 years or more.
Maybe they cant because its actually all radioactive. You know, like in goldfinger...
About GATA:
The Gold Anti-Trust Action Committee was organized in January 1999 to advocate and undertake litigation against illegal collusion to control the price and supply of gold and related financial securities. The committee arose from essays by Bill Murphy, a financial commentator, and by Chris Powell, a newspaper editor in Connecticut, published at Murphy’s Internet site.
They have been advocating a public audit of Ft Knox if my memory serves.
One useful thing you could do with gold is make magnum shotshell shot out of it, what with the insane ban on even copper-coated lead shot for waterfowl. I mean, “bismuth” and hevi-shot aren’t a whole lot less expensive than gold. In fact copper is the main ingredient of the medicine for lead-poisoning so that even if there was some magical duck or goose capable of chewing through a copper-coated lead pellet, he’d get the cure along with the disease and in theory at least it shouldn’t hurt him.
Well, "They" aren't doing a very good job. Gold is up over 300% in 5 years.
Our gold is not in Fort Knox?
I guess it was those tough emloyment contracts the guards, military, administraters, managers, truck drivers, etc. signed that forbid them from ever writing a book about when & how the gold disappeared and making a few million on the side for retirement............
"It's gold, Jerry, gold!"
You aren’t listening to them; they think it should be $5,000 per ounce now. BUY BUY BUY BUY!
I just KNEW there was more to Goldfinger than just being a 007 movie. There was truth to it. I’ll be darned....good thing I saw it 9 times when I was 13 years old.
looks more red and x to me ;o)
beat me to it.
I'm sure Miss Galore had nothing to do with that.
Yes, Ms. (Pussy) Galore had everything to do with my seeing the movie 9 times when I was 13!!
Yes, Ms. (Pussy) Galore had everything to do with my seeing the movie 9 times when I was 13!!
Yes, Ms. (Pussy) Galore had everything to do with my seeing the movie 9 times when I was 13!!
"This is gold, Mr. Bond. All my life I've admired its color, its brilliance, its divine heaviness. I welcome any enterprise that will increase my stock...which is considerable!"
Already? Dang!
Probably Dick Cheney’s doing.
Favorite line:
Bond - “Do you expect me to talk?”
Goldfinger - “No, Mr. Bond, I expect you to die!”
“So Goldfinger, do you expect me to talk?”
You can say that again!
so does that mean you saw it 27 times when you were 39?
I think we got the message! ;-)
Ms. Galore was played by Honor Blackman, who was also in the Avengers before Diana Rigg came along.
>> Or else a sales pitch by someone who wants you to think that the price of gold is about to jump, and they just happen to have some you could buy buy buy right now.
That’s my guess.
H
Gold hit a new high today! This is incredible! It’s a good thing it has next to no use whatsoever so we don’t actually have to buy today!
As bad as the gov is just printing all those federal reserve notes I doubt they are stealing our gold and dumping it to depress it below its already record 900.
As bad as the gov is just printing all those federal reserve notes I doubt they are stealing our gold and dumping it to depress it below its already record 900.
BINGO!!!!
Gold is very much needed in the electronics industry. At low voltages and low energy levels, you need contacts in your switches, relay tips and connectors that have low resistance and will not tarnish.
Oh, yeah, forgot that somewhat inconsequential application. Remember to recycle your boards! LOL
Gold Usage in 2001 (tonnes)
DEMAND BY APPLICATION
Fabrication:
Jewellery 3006
Electronics 203
Dentistry68
Official Coins (Sales)56
Medals and other coins 55
Other Industrial and
Decorative 102
Total Fabrication: 3490
Bar Hoarding 232
Net Producer Hedging 147
TOTAL DEMAND 3868
-from Gold Fields Mineral Services Ltd ‘Gold Survey 2002’.
Oil is the world currency, and even better, it has some practical use beside decoration.
Considering supply/demand, the thing to remember is that for the most part, all of the gold ever mined in history is still here.
Does Hillary Clinton lie?.........
The gold market has always been manipulated. Don't be naive.
FMCDH(BITS)
Bling—the highest and best use
Yes. Another thing is that seawater contains gold, a small fraction of the mineral content in there with the salt. All the gold in all the oceans would add up to about a cubic mile if it could be extracted. How much might be in the earth itself might scare even Michael Savage.
What’s the story on this scumbag? Is that tattooed on his face? I can’t recall.
He was getting high on the fumes from gold paint, as I recall.
I am opting for paranoid fantasy. I am sure there is NO CONNECTION WHATSOEVER, but the radio station I listen to has been running a heavy schedule of those “buy gold now before it’s too late” ads this week. I think everyone should own some gold, but there are so many other God-awful things going on in the world that I think this one is being drummed up.
Aw heck yeah.
Of course not... 
and oil is not either.
{kaaaaaaawhappppp!} sound of reality hitting home
As I... 
was saying--
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