Posted on 11/09/2010 7:22:41 AM PST by SeekAndFind
Edited on 11/09/2010 8:16:43 AM PST by Admin Moderator. [history]
(Excerpt) Read more at marketwatch.com ...
ICE Starts Accepting Gold As Initial Margin Collateral For All Energy And CDS Trades
So idiotic white libs in a fit of PC drunkeness elect a president from the Mugabe wing (marxist race obsessive) of the Democratic party, what could go wrong? I’m waiting for the property confiscations trial baloon from the Zanu-PF/DailyKos kid government.
ping more lol
You saw these but for those who didn’t...
Zoellick seeks gold standard debate
http://www.ft.com/cms/s/0/eda8f512-eaae-11df-b28d-00144feab49a.html#axzz14nVR7Ql7
KWN Source Confirms Goldman Sachs Long Gold for Years
it is not a record high if adjusted for inflation...
Seems everybody except the media and the democrats know that the obama administration is actively working to reduce the purchasing power of the dollar.
When all those who hold “gold” on paper try to cash it in for the real thing in a pinch; good luck. Unless you have your HANDS on the gold, it’s not going to be there when the crap hits the fan.
Good cartoon, but you may need to revise the chart, the red line is now below his ankles.
Yesterday, the World Bank advocated a return to a gold standard, tying all currencies to gold. Well duh this is so obvious for the 21st century, and something that for ten years we’ve said would happen, that it is not even worth talking about. This will obviously happen. That means gold has an immediate $400-500 run higher upcoming over the next six months.
It will be interesting, and probably Big Fun, to watch what this does to the China Govt. and to the China currency.
Meanwhile, in late 2008, the Global Outlaw Economy shifted to using platinum as its currency. So you can see what that means for platinum: the economy currently lags 36 months behind the global mainstream economy.
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