Sunday, November 30, 2014

Gold Preparing for Moonshot

Back in 2008 the gold price overshot the debt limit as you can see on the chart. There was a reversal, it fell below and you see the rest.

Are we there again?

Friday, November 28, 2014

What's the Real Interest in Gold?

Is anyone really interested in gold? I mean really who cares right? Erwin Witt, chronically negative on gold claims gold will be in a bear market for 100 years!!!! Do you believe him? If not, let him know here.

Sometimes we find the simplest things from God itself, Google. A simple search for "gold" produces:

That's 2 Billion.

Any interest?

Inflation or Deflation?

If you want to know if inflation or deflation is going to "win", just look at the following chart:

The truth is, before deflation completely wipes out the asset base of the banks, especially the Federal Reserve, the dollar will need to be devalued against gold or the monetary system will need to be entirely reformed.

The winner? Gold. Fear will drive the masses into gold.

So in the short term I'd recommend picking up some DUST before the weekend. Most likely the Swiss referendum will not pass. It's just where we are in time. Most populations across the world are completely financially illiterate. Gold will probably get hit hard next week so watch your position closely. If we hit $1,000 I'll sell half my position and see if we hit $900. If we hit that I'll get out completely.

I'm not a financial adviser. The DUST position is simply to hedge my miner portfolio.

Wednesday, November 26, 2014

Netherlands Gold Repatriation; German Gold Fairytales?

Great journalism here from Koos Jansen:

Analysis Dutch Gold Repatriation: Why, How And When

 In the aftermath of the financial meltdown in 2008 central banks again realized the importance of gold as an anchor in the monetary system; European central banks stopped selling gold; Asian and South-American central banks increased official purchases, and central banks from all continents began to worry if storing gold abroad was wise when the global financial crisis evolved.

 Read the rest here    



Thursday, November 13, 2014

Is Gold and Silver Money? Should They Be?

The more things change, the more they stay the same.....

From Zerohedge today:

ISIS Unveils Its New Gold-Backed Currency To Remove Itself From "The Oppressors' Money System"

Tyler Durden's picture

It appears the rumors are true. Islamic State is set to become the only 'state' to back its currency with gold (silver and copper) as it unveils the new coins that will be used in an attempt to solidify its makeshift caliphate. ISIS says the new currency will take the group  out of "the oppressors' money system."

Wednesday, November 12, 2014

Inequality is Getting Really, Really Old...

There are people in this world who are no better than animals. They think of themselves our masters and our betters yet their hearts and minds are as dark and cold and empty as the furthest reaches of the void of space. They should feel shame, guilt and embarrassment but instead they turn to the resentment of mankind to pull a veil over the mirror of their own self-reflection. They hate because they cannot love. They are angry because they live in fear. Fear of loss when they have more than billions of starving, poor souls who have as much right to life as they do. Why? Because they are alive! All that this universe has to provide and we have a cancer among us that needs extracting. These men, in actuality are all very small.