ANOTHER (QUOTES!)

aka Things that make you go hmmm....

The best way to rework the publics mind about gold money was by changing the way it was viewed.

"It's money of course but let's also call it a "commodity! Then we can place a "paper" value on it and denominate it in all forms of future contracts. It will lose it's true value as money in peoples minds and be priced in an unrealistic paper format." And here we are today!

The banks must sell all the gold they have to keep the system togeather. And once it is all sold and the financial markets implode the nations will use "whatever force is necessary" to pull the gold back in! That action in and of itself would show the true value of gold money!

You see, gold is not a commodity. The CBs have used every weapon to keep it's price low . Understand me, Gold is now, today, a devalued currency being used in world trade!

Do you think the CBs are selling gold to keep the dollar strong? They don't have to sell to accomplish that feat! CB gold ( one billion ozs.? ) valued at it's current commodity price is only worth 300 billion, it's nothing in that price range! They know what it's US$ price is worth in terms of oil! They are not stupid as they show.

You should not think they are dumb! Invest in gold mines, will you? Notice how quick the Australian CB hinted at taking "gold in the ground" if needed. This was said after their sale! The nature of the coming crisis will make the taking of investor property a piece of cake. You see, because gold is a commodity, you will be compensated at the commodity price of return + a fair profit, of course.

How much further can they take this? The world private stockpiles that could be sold have been. The CBs are heavy into their own stuff now and are over their heads if they had to make good on all the private deals ( read my other posts ) . The economic game is ending! Watch closely as the world currencies and markets fall one by one. Watch in absolute wonder as the demand for oil plunges and it's price goes thru the roof. Yes, oil stocks will crash with the markets. And gold? You will never know it's price. It will stop all trading as it slices thru $10,000+.

Who am I? As I will not be around for long so I am noone. But, follow with me as all of this takes place in your time

Hear me now, what the wealthy and powerful know: "real value does not have to always be stated or converted thruout time. It need only be priced once during the experience of life, that will be much more than enough!" Worldwide the oil business is still conducted in dollars. But, an interesting side show is now taking place that will change the way we think about gold and oil! If you wanted to devalue the US$ against other currencies what would be the best way to do it without LOWERING interest rates in the USA? Perhaps you want to cool off an over active stock market without raising rates ? Could a smart CB Chairman kill two birds with one stone ?

The falling markets worldwide are an early warning that the gold for oil deals are coming undone! As the big players are now heading for the exits in anticipation of exploding oil prices, the selling pressure from the CBs will quickly come off gold. The end of a parallel gold market pricing structure will leave many, many players holding nothing at all! The third world markets are the first to go as their currencies are crushed time and time again. Europe will be next, closely followed by the USA!

As for the US$ and T- bills held overseas, "they don't really exist"!

Current News Item

China Daily
Updated: 2008-09-12 07:32

China, which holds a fifth of its currency reserves in Fannie Mae and Freddie Mac debt, may cut the portion held in US dollars...

Now let's take a peek at America's gold:


This 2008 chart from the WGC lists America's stockpile at 8133.5 Tonnes, or 261.5 million troy ounces.

But just yesterday, the Associated Press came out with this story:

How much gold is stored at Fort Knox? And is it all the property of the American public?

Jeff Kimball

Salt Lake City

___

The vaults hold 147.3 million ounces of gold, all of which is owned by the United States. The gold, which is worth more than $100 billion, is stored at the United States Bullion Depository in Fort Knox, Ky. That's part of the U.S. Mint, which makes the nation's coins. The Fort Knox depository is a classified facility; no visitors are permitted.

Interestingly, Fort Knox isn't the largest depository of gold in the country — a full 216 million ounces of gold, worth $160 billion, is stored at the New York office of the Federal Reserve. Tours of the Fed's gold vaults are available to the public.

The gold at the New York Fed belongs to foreign governments, central banks and international monetary organizations, with only a small portion belonging to U.S. government.

Jeannine Aversa

AP Economics Writer

Washington

Okay. So the AP says that we have 147.3 million ounces at Fort Knox, and that we have, and I quote, "only a small portion" of the 216 million ounces at the NY Fed. (That's the place from Die Hard 3)

So subtract 147.3 million at Fort Knox from the WGC's 261.5 million and you get 114.2 million ounces we should have that's not at Fort Knox.

114.2 million out of the 216 million at the NY Fed is exactly 52.9%. So 52.9% of the gold at the Fed should be America's. Since when is more than half "only a small portion"?

Something doesn't add up.

Hmmmm.