Posted on 01/18/2014 5:34:02 PM PST by logi_cal869
Best article I’ve seen in awhile. This pretty much nails it. The Fed is basically running a ponzi scheme that will last only as long as we can deliver physical gold.
When it’s all in Asia’s hands, and they come knocking wanting delivery of something we can’t provide, then it’s over and it all comes crashing down.
last I checked, price fixing is a crime
Let’s say that holding gold in US bullion coins would be the safest way. Now why after 5 years of this lying bunch in control would anyone think that this government produced gold is as pure as stated. Imagine you are holding graded coins and there are 2 grading cos. that seem to do most of it, why would we assume that they are not compromised? Why would anyone buy American or British coins or even Canadian and assume they are the real deal? My real question is whose coins are the most trustworthy? Course I would never buy gold as an investment because everyone knows you are smarter to invest in the stock market. Does anyone have an answer to this question, bearing in mind that tungsten has about the same weight as gold. What do you think?
The commies are going to confiscate all the digital currency they can get. They have been shorting gold with paper fiat currency that they create out of thin air and buying the real stuff at bargain basement prices.
The globalists have and will have plenty of gold.
Can you imagine what would happen if it was proven that the gold is no longer in Ft. Knox?
ping
His mad cow continues.
This is why my money is in physical bitcoin.
Anyone who accepts paper as actual gold is a giant of a fool. Hell no I don’t own paper gold or paper silver or paper steel, brass, or lead.
the they’ll come knocking on our doors I imagine.
Save
Even the most skeptical customer can confidently buy the Canadian Maple Leaf or the Austrian Philharmonic 0.9999 coins with a $20 caliper and a $25 scale.
Their purity is easy to confirm: if the diameter is right and the thickness is right and the weight is right, they are 0.9999 gold.
Sure, tungsten has the same density as gold, and a corrupt, fraudulent government could perhaps cast a passably detailed tungsten counterfeit and gold-plate it. However, the fraud would soon be detected and publicized when Indians melted the coins for their ceremonial uses of gold. I imagine that the primary dealers of such coins do some sort of quality control before they take title to their purchases as well. Anyway, the volumes of bullion coins aren’t large enough to make much difference in global gold markets to make such a fraud worthwhile. The fraud potential is much, much greater in 100 oz bullion bars.
Most US gold coins are just 0.916 fine. It would be easy to scrimp on the gold content of such a coin, but I don’t think the US Mint would be stupid enough to do it.
The gold may be physically located in Fort Knox and New York.
The correct question is, “Who has title to it?”
Saving for later to have someone much smarter read and then explain to me.
:)
Pretty easy. You sell the same thing to as many people as you can find and tell them all they own a hundred percent and then they all do the same thing to infinity. You're a big guy who in the past had a good reputation and a lot of guns. (aircraft carriers) They don't feel the need to ask you if they can have the thing because you probably have it and are holding it for them. Besides, they're scared to ask because you'll probably kill their ass and the people they sold it to will find out you've pulled a scam too. In addition your friends who have printers' ink convince the sheeple dupes that you can do no wrong. What could go wrong. Then, a bunch of slant eyed devils, who bought the thing at a low, public relations price start asking for it. Better grease the catapults on those aircraft carriers.
That depends on who you are connected to. Note the medical industry, they get a free pass on price fixing en mass...
Would it affect the airing time of Dancing with the Stars???
LOL. You’re GOOD.
Bfl
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.