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The week started with a secretive visit to the White House by Jamie and Lloyd and interestingly, ended with a wonderful piece on the Bitcoin, courtesy of The PBS Newshour. The monetary metals were shoved down below the cartel's most recent red lines of $1350 and $22, causing many metal investors to scream 'no mas' at exactly the wrong time -- cue a US Government default, a naked Ft Knox (see below), mega-billion dollar fines and numerous lawsuits against JPM for market rigging, the release of a new 'colored' currency next week, and an Asian appetite for physical gold that continues to exceed global mine supply! I would urge you to heed the comments of the smartest guys in the room like Stockman, Schiff and even Rule (below), who are now publicly warning of a meltdown in the dollar, a melt-up in interest rates, and chaotic times ahead. Could the government 'shutdown' possibly be a false-flag designed to finally torpedo the US financial system? How convenient that it is The Treasury Department and the CFTC that is most affected, and that the incompetent political hacks in Washington could be blamed. My suggestion is that you take advantage of this obvious price gift and exchange some of your paper assets for the two metals that have never failed to protect wealth and insure it against currency devaluations ... I'm here to help when you're ready. Cheers!
World Bank: ALL GOLD IN FORT KNOX IS LEASED
This is big. Really, really big. World bank values gold at Year-end London fix. In 2011, that was $1,531 / Oz. The Federal Reserve says there is 241,000,000 ounces of gold in Fort Knox (& associated vaults) -- that would value the gold at $368 Billion in 2011. In 2012, the year-end price was $1,657 yet the reserves FELL to only $139 Billion!!!! So, for 2012 if the Wold Bank has not included Leased Gold in the foreign reserves, then the drop from $537 Bn -> $139 Bn = $398 Bn equates to ALL the US gold (remember, around $368 Bn of gold).
IT IS ALL LEASED!!! THEY CAN'T HIDE IT FOR MUCH LONGER.
The Calm Before The Precious Metals Storm
The one thing that fiat monetary authorities understand, is market psychology. To destroy market sentiment in gold, a broad-based approach had to be implemented. With the help of its member banks and financial networks, investors now question if gold really is a safe haven anymore. Of course this does not apply to the "1% Educated" precious metal investors as they realize you can't manipulate fundamentals forever, but it does impact the psychology of the 99% - and this is the group that would ultimately push gold to highs never seen before.
Peter Schiff on CNBC: Gold Prices to Go 'Up in the Stratosphere'
"It's a monetary problem we have. We have a dollar crisis coming, a bond market collapse coming," Schiff told CNBC. "I think (gold) will end the year higher than it is today, and I think it's ultimately going a lot higher." "By the time that the majority agrees with me - and they will eventually - the gold price is going to be up in the stratosphere."
Stockman: "The Fed Has Destroyed Price Discovery"
"It's going to be catastrophic. The market has bid up financial assets of all types, and if confidence is ever broken due to an unexpected event, a black swan, or a Lehman event, I think there will be massive selling. There won't be any bids, and the Fed will be hard-pressed to make a new rescue regime like it did in September of 2008. After all, interest rates are already at zero, it can't radically drop them like it did back then. I think were on the edge at the present time.
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.
PBS Newshour: Bitcoin Gains mainstream interest after initial 'outlier' appeal
Bitcoin, a digital currency, has appealed to high-tech skeptics of government-issued money, as well as global criminals who are eager and able to capitalize on a totally free market. But mainstream investors are taking notice. Paul Solman reports on the potential, advantages and risks of this crypto-currency.
Rick Rule: I Am A Terrified Observer As I Watch The End Game Unfolding
"I have advocated that people own gold and silver because at the fulcrum point of this deception on the part of the government is the currency. You can't have unsecured obligations on top of unsecured obligations. And the medium for exchange of lies is fiat currency. The idea that the gradual unraveling of these lies will result in the depreciation of fiat currencies, and the dramatic revaluation of precious metals to the upside, seems to me to be an extremely likely outcome. I am a terrified observer as I watch the end game drawing to a close. But I will tell you that I feel more comfortable and sleep better owning gold and silver, rather than having all of my savings in fiat currencies, which are the unsecured obligations of bankrupt, or soon to be bankrupt borrowers."
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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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