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The gaming of the gold price continued this past week, down $28 and change on Friday's painted payroll numbers to close at $1223.80. In today's new normal, a coup d'etat in Egypt, steadily rising oil prices, and yet another ZIRP announcement from the new banker on the block in Britain is somehow bearish for silver and gold. Black is white. There has never been a better time to add to your physical position, contact me for the very best pricing and performance ... Steve
Sprott: Gold's Lower Price Is a Ruse
"I put the slam down to the people who are short gold - it's been very well-documented that certain parties had very large short positions in gold. Shorters who were expected to deliver gold that was not deliverable could have created this downdraft in order to cause gold to come into the market." "But it totally backfired," says Mr. Sprott. The sudden drop in price led to extreme levels of demand for physical metal even as "paper gold" sold off heavily, says Mr. Sprott, citing record demand for physical metal, particularly out of India and China. "I would venture to say, at the kind of rates of consumption we have now, we might have a 4,000-ton shortage in a 4000-ton market." So how could the market bridge the gap?
Toqueville's John Hathaway Earns a Probationary Tin-foil Hat
In our opinion, the severe pressure on gold prices since April 16, 2013 has been caused by a coordinated bear raid orchestrated by large bank trading desks and hedge funds. The method used was naked shorting of gold contracts on the futures exchange (Comex), which means that physical gold was never sold, only paper. Gold was rarely, if ever, delivered to a buyer. Trades were settled in cash. The notional amounts of the transactions on many days exceeded annual mine production, absurd on the face of it. The motive was most likely to break the gold price for profit.
JS Kim: Let Freedom Reign By Withdrawing All Assets From the Global Banking Slavery System
One of the tells the bankers have revealed, like a bad poker player, is their massive looting of paper gold and paper silver that began this past April. With the numerous revelations since 2008 of bankers deliberately stealing assets from their clients, I don't know a single informed person that doesn't realize that global bankers do not have their best interests at heart today. For those of us that don't realize that our friendly globalist banker is planning to loot our assets in the immediate future, our ignorance is only maintained due to the fact that the very purpose of today's global banking system conflicts with our own internal belief system about banking, and the resultant cognitive dissonance is too hard to reconcile for us. The bankers are planning to steal, pilfer, loot, appropriate, burglarize, extract, deplete, exhaust, bamboozle, fleece, impoverish, and plunder any remaining assets inside THEIR system in any manner they can.
BBC: Silver Versus Gold; Stocks Versus Flows
Most informed investors in the silver market are fully aware that most of the world's "stockpile" of silver has been completely consumed; while the vast majority of the total, global stockpile of gold remains intact.
Ted Butler spelled-out the situation in the silver market in unequivocal terms in a previous interview: In 1959, there were about 9 billion oz. of silver bullion-equivalent in the world (half of that in the U.S.). With a world population of 3 billion, there was a per-capita amount of 3 ounces for each of the world's citizens. Today, 50 years later, there is a per capita amount of silver of 0.15 of an ounce remaining (1 billion ounces divided by 6.8 billion). That is not a misprint. The per-capita amount of silver bullion in the world has declined by 95% over the past 50 years.
Happy to Help ..
Now is NOT the time to be complacent. Those that have been right about this market (Sprott, Sinclair, Turk) believe that these recent paper price attacks were a signal that the coming financial hurricane is closer than ever, and that physical silver an gold ownership is an absolute necessity. We currently have a healthy supply of gold and silver products, in all shapes and sizes. Please contact me for the very best pricing and discreet, informed service.
Nick Barisheff: The Case for ($10,000) Higher Gold
Throughout all of history, there has never been a single instance where a fiat currency did not end in hyperinflation and complete collapse. There is not one example of a successful fiat currency. Because the simple thing is that if you give a printing press, in simplified terms, to a politician, a king, an emperor, a president, a prime minister, you name it, they will overuse it every single time. That is just human nature. And that is what happens.
Forward Guidance? - Nonsense! Central Bankers Have No Choice
After two decades of serial bubble-blowing, the world's central bankers have maneuvered themselves into a corner. They created a monster in the form of an unbalanced global economy and a bloated financial system, laden with debt, addicted to cheap money, and in need of constantly rising asset prices. Now the monster is in charge and the central bankers dare not stop feeding it.
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Sovereign Exchange International Ltd.
Steven Merrill, President
www.sovereignize.net
phone:
778.835.7667
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Engage a Rich New Audience; Reconcile to your Private Account; Settle for Metal at Any Time. The Sovereign Exchange was founded by Steven Merrill and a small network of individuals from across British Columbia with a vision to embrace Austrian economic principles and provide a sound and stable payment facility than be trusted for commerce and used to store wealth.
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