Posted on 04/12/2013 12:30:37 PM PDT by SeekAndFind
Sounds like what the European Central Bank just told Cyprus to do, and what they’re about to tell all the other EU countries (except for one) to do.
So they can but it, of course.
It must be costing the Fed et al an absolute fortune (can’t find the right extreme word) hitting the printers almost every day like this. There’s no way they can keep this up.
They can do it for so long and then they have to let it blow just like they did from $680 all the way up to $1900.
I recall the last time they beat it down to $700, repeatedly they went through every level of resistance all the way from $1000+ till everyone was concentrated at long term support at $716, everyone, and Merril Lynch’s computers just like Goldmans’ observed it.
The Fed HAS to do something. A rising gold price shouts to the world the unpleasant truth that a national currency is being poorly managed and that its purchasing power is being debased.
Well, it’s like this. I really, really, really, really think you should sell any gold you have to me. I’ll give you $1200/oz right now. That what the banks are trying to convince you to do.. Don’t do it.
If the population is dis-armed and broke ....
It’s just the fifth column wiping out the last country to resist socialism in any way. There won’t be a Pax Communisma to replace Pax Americana, though; the world will be thrown into chaos.
Stuff goes up and stuff goes down. Except in the minds of gold bugs.
It won't last.
Communism world-wide has always been propped-up by the USA through direct treasury loans, IMF loans, food assistance, and military/nuclear umbrella in the case of Euro-communists. All of which delays for decades the inevitable collapse of a socialist society.
The USA is global socialism's safety net. When we go down, so does socialism.
* IMHO...
* Because they want it all..
* They want to take down "preppers" too, make their gold, silver, ammo etc a bad investment.
* If they have their way, preppers at worst will be guilty of bad timing.
* The banksters will be protected, just like the last time, i.e. 08'.
* They know what we know, The Bernake Pump and Dump is all about making it look like an inflationary environment when it is deflationary and when it flops when people realize the currency is worthless we will Uber-Inflation.
The Banksters IMHO don't want you as smart as them and be able to tell them to go fork themselves if and when the defecate hits the rotary oscillator..
They still don’t think so. They will only be convinced of that fact in the case of the USA falling.
Meanwhile Illinois wants all transactions of gold and silver registered so the state knows who has the gold and silver.
Not to mention Hugh and Series.
Could be the that The Chicoms and Putty Put want to redeem their gold into actual physical holdings rather than paper IOU's. They did not like what they saw happen in the Cyprus haircut. Big question, does the US government and the International Banks have enough gold on hand to fill the demand orders?
Deflation is coming, gold will continue to drop.
Inflation will come, but years from now. There will be plenty of opportunities to buy gold at much lower prices.
The things you see inflating now are a tiny part of the picture. Most assets have deflated and will deflate more before real inflation hits. Some things are always inflating and deflating at any given time. Do the math, most of the wealth in the country is deflating and there is a lot more deflationary deleveraging to come.
The largest money-printing operation in history hasn’t stopped the deflation, and it can’t.
I don’t have to listen to bankers. I’ve owned two banks. I just sold most of my gold just in time. If gold were to shoot up, there will be other and better opportunities anyway.
Good luck with your investing, everyone. I’m headed to the Bahamas, where my BiL has relocated. Looks inviting, time to check it out in case things go really bad in the US.
Sorry, $1586 was a better sell point.
I think the big boys engineered a price drop, but they don’t want to actually SELL at that level.
Peet’s rule number 1: Any f**ktard who uses the non-word “bankster” is NOT worth listening to.
That is all.
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