As I’ve said many times before:
“Only physyical gold and silver are real.
Everything else is an illusion.”
Paper investments in gold and silver will not be covered and there is a bloodbath coming.
The coming crisis will make 2008 look like a walk in the park.
– Madness Coming To Gold Market: “There Are Thirty to Fifty Owners For Each Ounce of Gold That’s Out There” (SHFTplan, March 25, 2015):
Though the price of gold has seen a significant drop over the last two years from it’s all time highs of about $1900 per ounce, many experts and analysts believe that western central banks and their colleagues at major financial institutions have been manipulating the price. The rampant manipulation is believed to stem, in part, from the formerly Rothschild owned London Gold Fix, an organization made up of five large banks that make a daily determination of what the price of gold should be.
It is this unilateral control by western banks that recently prompted the Chinese to create their own Shanghai Gold Exchange. What separates the two is that the Chinese will be using their currency, the Yuan, as the reserve rather than the U.S. Dollar. Moreover, unlike their European counterparts, the Chinese will be trading in actual physical dollars.
H/t reader squodgy:
“This essay perfectly sums up the state of Western economies. It’s like those of us who are awake are all standing like deer in the truck headlights……
But the rest are sat quietly with their heads in the ground, they sense something’s wrong, but can’t handle it…”
… or …
…those who are awake saw the tsunami coming way before impact and have left the beach facing an uphill battle through the jungle of disinformation, but are moving into the right direction (which is more often than not an alone journey), up that mountain of knowledge and preparedness, while the rest is still enjoying their piña kool-aid-a until impact.
‘All in’ … for preparedness:
Food, water, survival gear, a remote farm, … aaand physical gold and silver to protect your financial assets.
– All In…For Precious Metals! (Gold-Eagle, Feb 26, 2015):
Before getting to the topic of “all in for precious metals!”, I have a story for you which may be of interest. All the way back in 2002, I travelled out to Colorado Springs for the shareholder meeting of a very small and obscure royalty company named Golden Cycle Gold. While there, we did a tour of the Cripple Creek mine and its operations. The nearby town, Victor, looked nearly like a ghost town 30 miles off the beaten path. The only industry was the mining operation and a little bit of tourism. During my trip, I met a long time Director of the Golden Cycle Gold Company, “Frank,” he had a different view of economics than almost anyone I knew. He believed the U.S. was bankrupting the country with armaments manufacturing, just as did the old Soviet Union. Consequently, the U.S. would eventually meet the same economic fate during a currency collapse of the dollar, as had happened to the ruble… Continue reading »
– CME Hikes Silver, Brent, RBOB Margins (ZeroHedge, Feb 5, 2015):
In case algos still haven’t gotten the message to jump all aboard into the S&P, here comes the CME with a gntle nudge in the form of 90 pages of margin hikes including Brent, RBOB and, just in case there is still anyone who wishes to trade paper precious metals against the BIS, silver. In fact, at first glance it appears the only future whose margin was not hiked was stocks: apparently stocks are never volatile enough for a margin hike.
– Gold & Silver Extend Losses – Biggest Drop Since 2013 (Zerohedge, Jan 29, 2015)
Physical gold and silver (stored outside the banking system!) will protect your financial assets.
Even more important will be water, food, …, etc.
I want to add that I do not agree with experts, like Marc Faber, that recommend to store your gold in a vault in Singapore or Switzerland.
– “If It’s Not A Hard Asset, It’s No Asset” (Project Chesapake, Jan 8, 2015):
There are many people that give you a list of things you should have if something bad suddenly happens. There is nothing wrong with that but many people never give much thought as to why those things are valuable during or after a crisis.
How many times has someone told you to hold physical stock certificates or treasuries in case the banks are shut down or keep your credit card paid up just in case you need to make emergency purchases? I’m guessing not very often. Why is that? In normal times it might be a smart thing to do but in a serious crisis that has the capacity to change society, those things become worthless.
Everyone has read the many stories about what would happen if the power grid were to go down. Basically everything that depends on electricity would stop working and become useless. Well, if the banking system were to shut down because of economic collapse, cyber attack or a grid down scenario, everything connected to the banking system would stop working as well. Continue reading »
Dr. Paul Craig Roberts was Assistant Secretary of the Treasury during President Reagan’s first term. He was Associate Editor of the Wall Street Journal. He has held numerous academic appointments, including the William E. Simon Chair, Center for Strategic and International Studies, Georgetown University, and Senior Research Fellow, Hoover Institution, Stanford University.
– The Lawless Manipulation of Bullion Markets by Public Authorities (Paul Craig Roberts and Dave Kranzler, Dec 22, 2014):
Note: In this article the times given are Eastern Standard Time. The software that generated
the graph uses Mountain Standard Time. Therefore, read the x-axis two hours later than the axis indicates.
The Federal Reserve and its bullion bank agents are actively using uncovered futures contracts to illegally manipulate the prices of precious metals in order to keep interest rates below the market rate. The purpose of manipulation is to support the U.S. dollar’s reserve status at a time when the dollar should be in decline from the over-supply created by QE and from trade and budget deficits. Continue reading »
I agree the with Marc Faber that the U.S. government will – again – try to take away the gold from the people, …
… which is one of the many reasons why I’ve told people to invest into silver, because I do not believe that they will try to take away your silver.
However, I do not agree with Marc Faber’s recommendation to store your gold in a vault in Singapore or Switzerland.
Dec 22, 2014
– Sales Of Silver American Eagles Rise To Record High For Second Consecutive Year (ZeroHedge, Dec 14, 2014):
One month ago, shortly after we reported that “Silver Coin Sales At US Mint Soar To Highest In Two Years” we learned that the “US Mint Sells Out Of Silver Eagles Following “Tremendous” Demand.” That, however, did not prevent the mint from selling just about 5 million ounces in the period since the announcement, and as Reuters reported last week, “Strong investor demand lifted American Eagle Silver Bullion coin sales to a record for the second straight year, the U.S. Mint said on Tuesday.”
Silver Bullion coin sales have reached 42.9 million coins so far this year, up from the previous record 42.7 million coins last year, the U.S. Mint said in a release. The coin sales on Dec. 8 reached 495,500, lifting them above the 2013 record, the Mint said.
Reuters added that “silver coin sales fell 40.8 percent in November to 3.43 million ounces” which perhaps was to be expected considering the Mint had just sold out of Eagles and the delay associated with coining more and putting them into inventory.
In any event, since the Reuters announcement, another half a million American Eagles have sold direct from the mint, and the total now stands at an even record-er 43.3 million ounces. Continue reading »
Just when global financial markets had shrugged off Ukraine as yet another ‘storm in a teacup’, it appears events are escalating rapidly once again. This morning saw European Parliament’s Vice President Saryusz-Wolski warn “Russia’s pressure on Ukraine is mounting high, further war imminent,” to which Ukraine’s President Poroshenko rapidly responded (via Twitter) rather ominously that a “third world war does not scare us,” having noted earlier than Ukraine needs to achieve NATO membership. This then prompted NATO’s top military commander to warn, he is “very concerned” that Russia’s military build-up in the annexed Crimean region could be used as a launchpad for attacks across the whole Black Sea region; leaving the alliance confirming that NATO plans to deploy tanks in Eastern Europe.
With Ukraine, according to President Poroshenko, on the verge of World War III, it appears the people of the divided nation face another all too familiar war… on their living standards. As Hyrvnia continues to collapse to record-er lows, Ukraine’s Central Bank warns of further stress and FX (think USDollar or EUR) demand because the “population is in panic.” With a 19.8% inflation rate last month and a 48% devaluation in the currency this year, Bloomberg reports the costs of imported goods from gasoline to fruit and from medicine to meat is soaring. One store-owner reflected that she “feels the hryvnia devaluation everywhere,” and another noted “I can’t imagine how people survive on a single pension. We can’t even go to the drug store. We try to use herbs instead.” The Central bank expects inflation to keep rising (having previously peaked at 10,256% in 1993 as the Soviet economy was dismantled). “Inflation is the same as the war,” warns one analyst, “it may lead to protests if people blame the authorities for failing to conduct proper policies.”
– Plans for UCLA visit give rare glimpse into Hillary Clinton’s paid speaking career (Washington Post):
When officials at the University of California at Los Angeles began negotiating a $300,000 speech appearance by Hillary Rodham Clinton, the school had one request: Could we get a reduced rate for public universities?The answer from Clinton’s representatives: $300,000 is the “special university rate.”…
Recently we posted the following article commenting on the impact of USD appreciation and dollar circulation among oil exporters, as well as how the collapsing price of oil is set to reverberate across the entire oil-exporting world, where sticky high oil prices were a key reason for social stability. Following today’s shocking OPEC announcement and the epic collapse in crude prices, it is time to repost it now that everyone is desperate to become a bear market oil expert, if only on Twitter……
“Gold is the world’s most persistent bubble: 6,000 years old and going strong” – Citigroup’s Willem Buiter.
Dear Willem, thank you for that valiant effort. After reading a few thousands words of shallow propaganda we understand your “confusion”: our advice, if you want to understand what gold really is, read the following from Kyle Bass: “Buying gold is just buying a put against the idiocy of the political cycle. It’s That Simple.” Because if there is a bubble that is even bigger and longer than the “6000-year-old gold bubble” it is that of human corruption, greed, and idiocy. And that doesn’t even include the stupidity of those who don’t grasp this simple truth.
While not hyperinflating, the slow and insidious diminishment of the fiat US Dollar’s purchasing power (and thus the living standards of lower- and middle-class Americans – who are not balls deep invested in the US stock ‘market’) is nowhere more evident than in the soaring costs of Thanksgiving Day dinner during the Fed’s 100 year reign…
– INFLATION MAKES TURKEYS OUT OF US ALL (The Burning Platform):
Central bankers always seem worried about deflation. The cost of Thanksgiving dinner is about the same as last year. Is it a bad thing that your costs didn’t go up? If we hadn’t experienced Federal Reserve created inflation over the last 18 years the cost of your Thanksgiving dinner would be about $21. But thank Greenspan, Bernanke and Yellen for the increase to $50. Everyone give thanks to central bankers for costs more than doubling in the last 18 years.
– Vaccines Don’t Work: Malignant Mumps In MMR Vaccinated Children (Activist Post):
A new study finds highly malignant mumps infections in those successfully vaccinated against the virus…
A provocative new study titled, “Epidemic of complicated mumps in previously vaccinated young adults in the South-West of France,” reveals that the MMR vaccine, despite generating high rates of presumably protective IgG antibodies against mumps, does not always translate into real-world immunity against infection as we have repeatedly been told. To the contrary, the study details cases where, despite finding the presence of high levels of antibodies against the mumps virus, patients contracted a malignant form of mumps that only rarely follows from natural, community acquired infection.
Vaccine Failure Is Well Established In the Scientific Literature
As we warned yesterday, the last time that U.S. oil drillers got caught up in a price war orchestrated by Saudi Arabia, it ended badly for the Americans. OPEC’s decision not to cut production, and Nigeria’s comments on the need for burden-sharing among non-OPEC members, ensures a crash in the US shale industry according to Leonid Fedun (Russia’s Lukoil board member). The Russian finance minister’s comments that oil at $80 in coming years is moderately optimistic and as Fedun ominously warns, this is a “major strike against the American market.” Isolated, much?
In a recent article, full of insight, Professor Bill Quigley identified ten different illegal actions police often take ‘to prevent people from exercising their constitutional rights’ to take nonviolent action to address a grievance. He noted that these police tactics are commonly used by law enforcement agencies in big protests across the US. See ’10 Illegal Police Actions to Watch for in Ferguson’.
– List of countries overthrown by the CIA. Is America next? (InvestmentWatch)
H/t reader M.G.:
“An incredibly intelligent, measured and wise response to the Ferguson grand jury decision by the Florida ACLU. This is one of the best responses I have read, and I thought it would interest you.
Happy gobble day……”
– ACLU of Florida Comment on Ferguson Grand Jury Decision (Common Dreams):
MIAMI, FL – The grand jury in Ferguson, Mo., has declined to indict Ferguson Police Officer Darren Wilson on charges in the Aug. 9 shooting death of Michael Brown. The following reaction is from Howard Simon, executive director of the American Civil Liberties Union of Florida:
– What the Fake Syria Sniper Boy Video Tells Us About Media Experts (Activist Post):
Many mainstream media websites helped a fake video go viral this month. The video showing a young Syrian boy running through sniper fire to save a little girl was exposed as a fake when the Norwegian producer, Lars Klevberg, made the fact public.
One of the stated aims of the Norwegian film makers was to “see how the media would respond to a fake video.” This article examines how that experiment went.
The Western press very quickly accepted the video as real and used it to support the US administration’s narrative on Syria. Many top US news sources began to spread the story. Even though the producer said he explicitly added big hints that the video was fake, like the children surviving multiple gun shots.
So we had two outside reversal Fridays in a row, this was followed by the action this past Wednesday. 80 tons of gold was sold over a 15 minute timespan which knocked gold down $20 in the blink of an eye.
80 tons! Let me put this in perspective. 80 tons is equal to two weeks worth of global gold production …sold in just 15 minutes! This is nearly 2.8 million ounces. The interesting thing is, COMEX only claims to have 865,000 ounces of gold available for delivery so more than 3 times the amount of ounces were sold in 15 minutes than is even claimed as available for delivery! What followed however was the real stunner, very shortly afterward gold dug in its heels and started to recover …recover to unchanged in price! Do you see the importance here? Though this was not another outside reversal day, it may have been even more important. The “paper” market absorbed two weeks worth of production in just 15 minutes without breaking! I’ll get back to this shortly and tie it in to the rest.
Since 2011, 151 financial institutions worldwide have invested £17 billion in firms that produce deadly cluster bombs, which are banned under international law. Seven of these financial institutions are British.
A report entitled ‘Worldwide Investments in Cluster Munitions’ conducted by Dutch peace and security NGO PAX reveals the sheer scale of British and global investment in companies producing these outlawed weapons.
The deadly arsenal have been deployed in Syria and Ukraine in recent times, and continue to cause casualties in Laos half a century after they were dropped on civilians.
– Fukushima Engineer: Officials covering up how badly groundwater is contaminated — Scientist: “We’re measuring higher levels off Japan” — Radiation near California already exceeds expectations, will be rising for years to come — TV: “Cleanup can’t be done… They lied from the start, Tepco is a den of inequity” (VIDEOS) (ENENews)
– CDC Official: “Public health emergency in the US” from Fukushima radioactive material — Gov’t wanted to quarantine people contaminated with radiation, but had no authority — Emergency Operations Center activated for first time ever due to nuclear incident (ENENews)
– Are You Better Off This Thanksgiving Than You Were Last Thanksgiving? (Economic Collapse)
Tags: Barack Obama, Economy, Environment, EU, Europe, Fed, Federal Reserve, Global News, Gold, Government, Health, Military, NATO, Obama administration, OPEC, Politics, Science, Silver, Society, U.S., Ukraine, Vaccination, Vaccine
– Big Banks Busted Massively Manipulating Foreign Exchange, Precious Metals … And Every Other Market (Washington’s Blog, Nov 12, 2014):
In other news:
– “Global Scramble” For Silver – Coins “Hard To Get,” “Premiums Likely To Jump” (Goldcore, Nov 5, 2014)
From the article:
“And since everything else in the New Normal is now flipped on its head, it only makes sense that the continued price collapse for precious metals is, as it turns out, driven by ever greater demand!“
– US Mint Sells Out Of Silver Eagles Following “Tremendous” Demand (Zerohedge, Nov 5, 2014):
When it comes to buyers of physical assets as opposed to traders of paper representations of such assets, there is one key difference: the latter, more than anything, enjoy looking at “heatmaps”, chasing trends and jumping on momentum, the result being the most recent massive selloff in such “paper” representations of precious metals as the GLD and SLV ETFs, and various gold futures.
On the other hand, those who prefer to hold the metal in their hands, as well as others such as China whose ravenous apetite for gold over the past 4 years has been extensively covered here in the past, take every advantage of selloffs, and – inconceivably – demonstrate how Econ 101, namely supply and demand, really works, leading to ever greater demand the lower the price. Demand so high, in fact, that the underlying commodity that is being sold through paper conduits, sells out. Continue reading »
– Because Nothing Says “Best Execution” Like Dumping $1.5 Billion In Gold Futures At 0030ET (Zerohedge, Nov 5, 2014):
For the 5th day in a row, “someone” has decided that 0030ET would be an appropriate time (assuming the ‘seller’ is an investor who prefers best execution rather than the standard non-economically-rational share-repurchaser in America) to be dumping large amounts of precious metals positions via the futures market. Tonight, with over 13,000 contracts being flushed through Gold – amounting to over $1.5 billion notional, gold prices tumbled $20 to $1151 (its lowest level since April 2010). Silver is well through $16 and back at Feb 2010 lows. The USDollar is also surging.
– U.S. Mint Temporarily Sold Out of Silver Eagles on “Tremendous Demand” (Liberty Blitzkrieg, Nov 5, 2014):
WAR IS PEACE
FREEDOM IS SLAVERY
IGNORANCE IS STRENGTH
TREMENDOUS DEMAND = PRICE COLLAPSE
Should be good for another $2 down.
The U.S. Mint said on Wednesday it has temporarily sold out of its American Eagle silver bullion coins following “tremendous” demand in the past several weeks. Continue reading »
– Silver Coin Sales At US Mint Soar To Highest In Two Years (ZeroHedge, Nov 2, 2014):
It never fails: any time there is a dump in precious metals through their paper representation (GLD, SLV, or futures) typically as a hedge to a rally in the dollar (because last week Japan materially increasing its fiat monetary base was also somehow negative for gold and silver) or to meet margin demands from cross-asset liquidation, demand for physical PMs soars confirming yet again that any connection between paper prices and physical demand no longer exists. As reported on Friday, sales of American Eagle silver coins by the U.S. Mint jumped 40 percent in October to the highest in 21 months, defying a slump in New York futures to the lowest in more than four years.