Loading ...I’m surprised we’re not down $100 on the China holdings report. That sets any hope of gold going anywhere anytime soon by years. I guess this is what the share prices have been telling us all along.
God, I regret the day I ever touched the internet.
Wait, what????
China gold holdings only 1600 tons?
I remember people speculating they had 20K tons. This makes no sense to me. No wonder gold is going nowhere.
From a Zero Hedge discussion today
silver_stacker
Everyone who follows precious metals knows that this new number is bullshit. The worlds leading gold experts have been estimating that China’s gold holdings to be in the 10,000 to 30,000 metric tons range. It’s been long believed that when China reports their true gold holdings that the price of gold will skyrocket thru the roof because it will expose the fact that all of that gold flowed from western central banks and there is no gold left in the U.S. It’s pure math, I just read yesterday that between Russia, India, and China, they have been buying up more than the annual world mine production of gold. Where is the gold purchased from the rest of the world coming? It’s pure math. This would expose the fraud. Obviously China is not done aquiring more gold at western suppressed prices below production costs. When they can’t get any more gold and they report their true holdings…it’s game over!
A82EBA
Yes, a lot. Great point.
On May 29 I bought ten 1oz rounds at spot price $16.70 and the check I wrote was $107.
Today, at spot $15 (10% lower) the total is $177 (65% higher)
Bokkenrijder
Look at the timing: the Chinese stock market is selling off, the Chinese housing bubble is deflating and ‘growth’ (7% according to the Chinese themselves, haha!) is coming to a standstill.
IMHO this is purely a domestic move in order to brainwash the Chinese people to have confidence in their central planners. “Don’t worry about stocks and housprices: your government knows what it’s doing and has increased it’s gold reserves.” As an unwelcome side effect however, the Chinese people will probably start to copy their government and buy more gold which will drive up prices.
So by releasing this ‘official’ number, the Chinese government may have shot itself in the foot if they want to continue to accumulate gold at relatively low prices.
Looks Like the Pope
is re leaving the Pres of US Gold ! Notice he Holds with TWO hands as it slips from Oblablas hands .
Global Warming is Man Made!
Whoops, I mean man made up
Club of Rome, a global think-tank, has admitted to using “global warming” as an impetus to reduce the population of the world—
In searching for a new enemy to unite us, we came up with the idea that pollution, the threat of global warming, water shortages, famine and the like would fit the bill. All these dangers are caused by human intervention, and it is only through changed attitudes and behavior that they can be overcome. The real enemy then, is humanity itself. —Alexander King & Bertrand Schneider. The First Global Revolution, p. 75, 1993.
http://12160.info/profiles/blogs/club-of-rome-group-that-admitted-manufacturing-global-warming
Thanks silverngold
your Jade Helm video confirms what I’ve thought all along, the US military will not fire on US citizens, at least for long. My spec ops brothers agree and by extension I expect that active duty spec ops feel the same.
30 year bond futures
appears to be making a rounded or cup bottom on the daily chart.
rno
From murph tonite
*The sentiment is as bearish as can be with participants in our sector understandably demoralized. With the HUI taking out 13 year lows, that is no surprise. Heck, former flagship Barrick Gold at $9 and change is around half of what it was when the Café opened in September of 1998. The price of gold was under $300 back then.
Buygold12:43
Since they don’t learn from past mistakes hard to say but see them destroying the economy first before they let that happen,less your paying 400 dollars for a loaf of bread as they would just devalue the dollar against it most likely and continue to do so everytime they needed money which is every week.
Portugeezer … 11:40
Hi Portugeezer….. I’ve never been to Portugal… my wife has many years ago and loved it there… so that might be an easier sell!! I checked out that RE project… it’s amazing the government is subsidizing it so much… kind of crazy, but if they are giving away money!!! My son and some friends are going to Barcelona skateboarding in October… I’ll try and send him your way, it looks like a great area!
Islandgold
TRX
I just had to mention TRX yesterday. Down 9% today. Awesome.
Mr. Copper – agree
Kennedy’s dems were far right wingers in todays’ world. After that they took a serious left turn and got lost.
“Gold and Silver will probably return as global currency, like the 1492 to 1913 era.”
Wonder if that will actually happen in our lifetime?
Silverngold 11:12
We are in stagflation it seems. Everything going up but your dollars and wages for most. Somehow I think all this hoopla about gold going up and blaming the Politicians and Fed making them look bad brought it to their attention instead of being quiet about it but throwing it in their faces. Also for all we know they could of had physical holdings and didn’t want to get caught up in some conspiracy. What happened after including tracking gold and in some countries limiting what you can buy to small amount without reporting it. Since there is a small amount of people who own it here and Europe anyways what’s the big deal? Maybe certain people big mouth and sometime think they did it on purpose. Sure there’s reasons for stagflation and one of them being multinationals even others keeping wages down ” part of the reason stocks initially crashing and now bonds some invested in” including by opening boarders so that’s no accident as well as votes for demos and drug money it all no accident while they’re piling up the cash while most others further divide of rich and poor wiping out the middle class. Same time I suspect when gold does go up finally they want to make sure people don’t have the money to buy it or stocks since they might hit banks too like Cypress and Greece. People tend to buy at the top or near it for two reasons. One is confidence, it’s up, therefore I must be right as its a winner not a loser being the main reasons. Time must go by so these people forget, ” they did it again.” Then they hold thinking it’s going higher because last time ” when they sold at the bottom” it went back up.
W T F !
sometimes a caption says it all ,I can image what the POPE was thinking after meeting that communist from Bolivia.So he thinks he’s going to remake the Cross ? I got news for him…
hey Richard…
Well… I did buy some fresh sockeye on the weekend. I believe these fish have been out in the ocean for about 1-2 years and are not too big… they spend over half their life in the rivers… Unfortunately I have cut down on pacific northwest seafood… ironically enough, seaweed is one of the better radiation detoxifiers out there but most in the stores here come from Japan….
I know information on ocean/wind radiation from Fukashima is not in the public and this will be big down the road.. (I know I need to do more research on this…) Personally… I think it is a good idea to move… however… our families (my wife’s anyways) are all here…. so this is a really tough sell… we might all go down together!!! (I occasionally do try and come with other ‘bug out’ options…. BC interior should be okay… after that were looking at Costa Rica …. or SA …. Argentina/Chile/Ecuador or Peru!!! lol … Down there… with ‘money’ you can have a good quality life… My brother has an ocean front place in Nicaragua … for me too hot and still too corrupt and unpredictable…
Islandgold
The Donald
is a breath of Fresh Air..He needs to get the POPE to join him like Reagan did to squash these communists and some more Capitalists from Corp like Apple and Buffett and he can take America back from the Communists before its too late .
John Maynard Keynes The Cat That Swallowed The Canary
Parts:
John Maynard Keynes, 1st Baron Keynes, CB, FBA, was a British economist whose ideas fundamentally affected the theory and practice of modern macroeconomics and the economic policies of governments.
In the 1930s, Keynes spearheaded a revolution in economic thinking, challenging the ideas of neoclassical economics that held that free markets would, in the short to medium term, automatically provide full employment, as long as workers were flexible in their wage demands.
According to Keynesian economics, state intervention was necessary to moderate “boom and bust” cycles of economic activity.
However, the advent of the global financial crisis of 2007–08 caused a resurgence in Keynesian thought. Keynesian economics provided the theoretical underpinning for economic policies undertaken in response to the crisis by President Barack Obama of the United States, Prime Minister Gordon Brown of the United Kingdom, and other heads of governments.
comment:
Well its not working. The above story is like a drunk with a hangover, guzzling more beer in the morning for a remedy. Or using more inflation to cure the problems from inflation. There is new future coming. Natural forces of reversal of global integration are evolving. The Euro integration, Trump popularity, Israel losing influence, ISIS populism in the Middle East etc etc are some of the signs of reversal of all the crapola from after Stupid War I Stupid War II Vietnam and Korea etc.
Buygold @ 10:07
That whole story fits with my “reversal” of everything observation. The left was the dominant force, growing gradually since 1913 until the summer ’08. The last 100 years “worked” short term, 100 years, but was a mistake for the long term, now.
Remember president Roosevelt said to Lord Maynard Keynes in the 1930s..”Thats fine for now, but what happens in the future?” Keynes answered…”In the future, we will be dead”.
The left had their 100 year chance, and has resulted in all the problems of the day. We still have the left, but the right is growing. We’re in a “transition” that could take 40 years to unfold, or get in gear.
Gold and Silver will probably return as global currency, like the 1492 to 1913 era.
Island gold-I could live in vancouver just for the seafood alone
the u.s. authorities-including the alaskan state ones and the canadian ones are all lieing about the radioactive material in seafood–i would not eat ANYTHING-that came from ANY part of the pacific–what a shame–an entire ocean wiped out cause of just one industrial accident–are u eating any local seafood?