Saturday, March 14, 2009

Sell Your Sole, Not Your Gold

"Sell your shoes before selling your gold!"

"I would really put gold and silver at the bottom of the list of any assets to sell right now. They will be the way in which many people will go from rags to riches."




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!"

Sir, the world is going to change, and the rules of engagement will also change. Gold will be repriced, once! It will be enough for your time of life.

As it has always been, time moves the minds of people to change, and with this, the thoughts of value also change. In this day, as not in the past, the loss of paper value as a concept will destroy the very foundation of wealth that this economic system is built on. This drama has started and is well underway!

There are nations that will try to "resource a new currency" as the old financial system implodes. Oil or gold or both may be used. If it is done at the correct time, much will be gained by all! Fail this Attempt, and gold will never trade on an open exchange again, in our lifetime! We will see this end in our time.
-ANOTHER (THOUGHTS!)

18 comments:

Anonymous said...

The concepts of gold-standard (fixed goldprice) and gold-insurance (semi fixed goldprice)are dying !

It is only FREEGOLD (free priced gold) that can stop any degree of mismanagement and greed...without nailing anyone/anything to the golden cross.

Freegold is the only way to stop the privatization of profit (greed) whilst transferring the debts to the collective (burden).

Let freegold govern the governers !

This transition-process is in progress.

Anonymous said...

The vid has been pulled already?

FOFOA said...

It seems to be working now. Maybe YouTube was doing maintenance.

Anonymous said...

Fofoa,

Do you realize there are changes on the gold price during the last 3 sundays? Somebody is trading gold on Sunday? This never happen before (check on www.kitco.com).

-Guess-

FOFOA said...

Guess,

It is true. The war is not over. They are fighting to the death. Asia does not normally move gold very much as they are afraid of what New York will do in the morning. This is especially true on Sunday nights. The only explanation that makes sense for gold moving in Asia on Sunday night is that New York is somehow involved. It is certainly suspicious... as April 19 draws near.

FOFOA

Anonymous said...

The video is down again, even doing a search on YT and playing it at their site. Others are playing fine.

Anonymous said...

Sorry, it is back. Needed to clear out my cache to see it. Wish we could get reporting like that "at home". Thanks for the post.

Anonymous said...

Fofoa,

I found that gold rush has happened this afternoon. When the gold price was slightly lower, people seems to rush and bought as much as they could. I found this as I was monitoring the price of coins from several countries. Some types suddenly vanished from the market. Also, when I placed my order, I got notification that the stock might be unavailable. Luckily I still got my order, phew!

I think we will have difficulties on getting gold even if the price gets cheaper because we will out of stock.

Regards,
-Guess-

FOFOA said...

Hi Guess,

Is that really your name, or am I supposed to guess your identity? ;)

As recently as last summer there were a variety of sizes and styles of gold bullion available from all sources. Today the number of sources is limited, there is usually only one style at any given source, and the sizes are also down to one. Where does it go from here? From many to one to zero. The price on the COMEX can certainly fall to zero. That is all that paper is worth. Another said that if things are not done correctly and timely, that gold would never again trade on a public exchange, at least not in our lifetime. Things are not being done correctly or timely, and the path we are on is just what he described. I will be surprised if the COMEX is able to rise to $1,650 without a total collapse in the paper gold myth, and a total collapse in everything else as well. It is possible that the top price COMEX paper will ever see has already been reached a year ago. This would not surprise me at all.

A wave is coming, whether we like it or not, whether we choose to ignore or deny it or not. A wave cannot be stopped. It just rolls in and does what it does. You have a choice. You can surf that wave for the ride of your life, or you can drown. Time to chose has almost run out.

FOFOA

Anonymous said...

Fofoa,

You need not waste your valuable time to guess my meaningless nickname. I just simply pick that one for covering my identity. You don't know me but I reckon you are good blogger and gold bug. I have learned a lot from you and Randy and have respect to both of you.

With regards to gold, how much of your wealth (in percentage) that you think should be converted to gold? Also, if gold is not used in public exchange anymore, what would be the use of gold after the collapse of the currency? If gold is too expensive, then what would be the new currency?

Regards,
-Guess-

FOFOA said...

Guess,

You ask tricky questions! ;)

Regarding a percentage, that is a very personal matter. And it depends on many variables. Right now I do not see anything else worth putting your reserve savings into. In fact, I see gold right now as a once in a lifetime opportunity, on par with getting in on the Google IPO. So my basic advice to those who want it, is once you have secured your necessities (food, clothing and shelter) and set aside enough cash to last you for two or three months, put the rest of your reserves into gold. And I also like maybe 5% or 10% in junk silver, pre-1965 silver US coins for use in trade if paper money collapses. And if you have enough money, you can also put 5% into items which will make good barter items and also come in handy. I like small generators, ammunition, liquor, a small deep freezer, metal gas cans (filled), N95 masks, hard plastic water bottles, portable ceramic water filters, just about any kind of camping gear, and the list goes on.

If gold is not used in public exchange anymore, what would be the use of gold after the collapse of the currency?

Public exchange means the COMEX or LBMA or anything similar. Gold will still trade in its physical state, privately. Gold will be held as your wealth reserve. If you make more money than you want to spend, then you will want to secure it in the form of physical gold. All other forms of savings will be proven to be far inferior, and will be abandoned.

Think about the super-wealthy. We often hear that they spend lavish amounts of money on fine art and antique furniture priced in the millions. But this is not frivolous spending. This is converting wealth into a wealth reserve. These things do not normally depreciate in value like the art and furniture that you and I can afford to buy. These things that the super-wealthy buy are actually wealth reserves. Gold will be the new wealth reserve par excellence. There will be none better.

If gold is too expensive, then what would be the new currency?

Gold can never be too expensive to use. I remember one book in which the author demonstrated the extreme by saying that a single molecule of gold could be embedded in a coin. That coin could be a Zimbabwe penny.

If gold is $100,000 per ounce, then you will store your monthly surplus of $1,000 in 1/100th of an ounce. If the purity of the metal is mixed at 1 part gold, 9 parts alloy, then that 1/100th of an ounce would be the size of a dime.

Gold will be the wealth reserve. But the new currency will still be a paper fiat currency. But with Freegold, freely traded gold without the existence of a public exchange on which the price is controlled, gold will act upon the fiat currencies of the world as a judge of credibility. If a government gets out of control printing their fiat, then it will show up in the price of physical gold in that currency. And that government's lack of credibility will be exposed. And as in any truly free market, just the threat of being exposed will keep them honest.

I hope my answers make sense. As always, I recommend reading Another and FOA linked at the right side of this blog.

Sincerely,
FOFOA

Anonymous said...

Dear Fofoa,

You have very sharp and detailed analysis but please bear with my limited understanding and share your thoughts with me. I'm pro gold but I want to ensure that hoarding gold is the right decision for the long run. You have given very good answer (above) but also raise some interesting questions on my mind.

If there is one day where gold becomes so expensive then it will create new class on the society (between gold owners and the rest). However, based on the reality check in UK, most people are not aware of this necessity. The middle class in here is too "poor" to buy gold as they have corrupted mind. It is not because they couldn't afford to buy gold, but they prefer to spend their money for pleasure. They keep spend-spend-spend even when they already made redundant (retrenched). You will be surprised when you find out how many people have this kind of short-sighted mind. I never count or do survey but I estimate around 80-95% people in here are not preparing for the wave.

Now let's talk about the post-collapse of the world currencies.
Those 80-95% people that doesn't have gold, they are just too poor for buying gold and in the end we will lose 80-95% gold demand. Unless your example above becomes reality (i.e. putting gold on the currency), would we still put high price on gold? In other end, would the government put gold inside the coin when they know that it would destroy the "special right" that they have right now? That special right is to create new money out of thin air. They can't do this anymore if they involve gold on the new currency.

Regards,
-Guess-

FOFOA said...

Good evening Guess,

Or good morning if you are in the UK. We are truly global now!

I am on my way to bed for the night, so if I don't fully answer your question here, please let me know and I will try again in the morning.

The special right you speak of is about to end. It will be abused one last time, and then it will no longer have the confidence it requires to exist.

Please understand me here.... buying gold now is not the only way to benefit from a system of Freegold. All mankind will benefit enormously because this system will be natural. It will favor the common man over the establishment.

The purpose of this blog is to advertise a unique opportunity. This opportunity is amazingly open to the common man. This opportunity will only come once.

So don't think that just because someone can't afford gold right now that they will not benefit from this new system. They certainly will. But given the knowledge you now have, do you want to sit back and simply benefit, or do you want to take action and possibly change your life forever?

As for gold creating a new class of society, rest assured that the vast majority of all gold is held by the super-elites of today. They know the score, and they are holding on to their hoard of gold. For the rest of us, it will be less than 1% that has protected ourselves properly with physical gold. True, we will have great benefit. But secrecy is paramount in this endeavor. And I'm sure you will do much good for the world with your newfound wealth. Unlike the super-elites who can never have enough. Right?

Again, please read Another. I do a poor job of explaining what he did so well.

Good night!
FOFOA

FOFOA said...

One more thought before I go to bed... on the special privilege of central bankers and governments.

Inflating paper currency ONLY steals from those who SAVE in paper currency. It does not steal from those who save in hard assets. And it does not steal from those who have no savings.

We EARN paper currency and we SPEND paper currency because that is what the legal tender laws require. But there is no law that requires us to SAVE in paper currency. We only do that because we have CONFIDENCE in the system.

That confidence is now dying a painful death, as all the paper wealth burns.

Soon gold will be exposed as the best way to SAVE if you want to protect your wealth from the theft of this special privilege. And when that happens, EVERYONE IN THE WORLD will want to save in gold, not in paper.

The legal tender laws will remain. The printing will probably continue for a while, until they realize they are only hurting themselves. There will be no more savers of paper money to steal from through the inflation tax.

This is how we will all benefit from Freegold. But it is the transition of getting from here to there that will transfer a great deal of real wealth from those who are holding paper savings to those who are holding gold savings.

Good night once again!
FOFOA

FOFOA said...

"Those entrapped by the herd instinct are drowned in the deluges of history. But there are always the few who observe, reason, and take precautions, and thus escape the flood. For these few gold has been the asset of last resort."
–Antony C. Sutton (1925-2002)


(Quote found on JSMineset.com)

Anonymous said...

Dear Fofoa,

Thanks for answering my questions above. I enjoy our discussion on this topic but I still have some questions on my mind.

I have the common understanding about the government is stealing our money in the concept of paper currency. No doubt that gold is preserving our wealth right now but I'm worried with one last scenario that might come out of this crisis, which is one world global currency. An organization, so called NWO, is trying to achive something unspeakable. Through easy money and credit manipulation, they have enslaved 90% of the world population under the concept of currency. With those people under their power, combined with so much wealth that they have accumulated (including gold), I wonder what is the worst scenario that could happen in the future.

I'm trying to figure out how they could fail the concept of freegold. I know their plan for sure, which is one world currency and world enslavement. Most probably we wont even have physical currency anymore. The money will be only visible on the computers and they will implant microchip on our body for the barcode. When this happen, they don't only have the "special right" but they will be "gods".

For sure, their goal will not be achievable if the world turns to the concept of freegold. Hence they will come with something that is very promising to convince the whole world to join their new currency.

Would it be possible for them to suppress the value of gold forever? What is the danger of putting our wealth mostly on gold? These are the questions that comes out of my head. Probably you have the answers or thoughts about this...

It had been a long and tiring day at work. I'm going to sleep very soon and read your reply tomorrow morning. Take care.

Regards,
-Guess-

FOFOA said...

Good morning Guess,

Allow me to paint a picture for you.

We are all simply spectators in a grand coliseum watching The Clash of the Titans. The Titans are the very Giants that Another spoke of. The greatest Titan of them all has grown so large, that he is now crippled by his own size. And the younger, smaller Titans are able to out maneuver this behemoth when they finally decide to go in for the kill.

The Titans have lived together in relative peace for many years. But now it is time for them to work out their differences. And they DO have many differences. These can possibly be worked out peacefully through discussions and meetings, or more likely, they will fight it out to the death. Because the differences are so great that even as they try to work things out, they are drifting farther apart.

But these Giants DO have one thing in common. They all have a LOT of gold! And not only that, but right now they are secretly acquiring even MORE gold. (Central Banks were net BUYERS of 1.1 Million ounces of gold in January) When Another said "Follow in the Footsteps of Giants" this is exactly what he meant.

Now back to your questions about the possibility of the NWO coming to fruition. Let me start by asking a few simple questions, the answers to which should be self-evident.

If the system is going to be switched from the current system into something new, then there will be a transition phase. We will all have to ride through this transition and come out on the other side. Inside the transition, let's say your money will be exchanged for a new currency. Would you rather ride through this transition period holding dollars or holding gold?

Holding dollars, you are only holding worthless paper and you will be at their mercy as to what exchange rate they choose. But if they also want to remove all the gold from trade (perhaps black market trade), they will have to offer an exchange rate for the gold as well. Which exchange rate do you think will be better for us spectators? The one where they control both sides of the exchange (paper for paper)? Or the one where they are attempting to remove natural, honest money from the people?

Would it be possible for them to suppress the value of gold forever?

Only if the world embraces this new one-world currency. The only reason gold can be suppressed right now is because the dollar is the reserve currency of the whole world. No other currency is powerful enough to control a globally traded commodity. Only the reserve.

And in order for the world to embrace this new currency, it will also have to embrace a new World Central Bank. Which of the Titans has the credibility it will take to gain the confidence of the entire world? And if no one Titan has such credibility, then it is far more likely that we will end up with some sort of hybrid system in which natural money (gold) acts as a confidence-builder between the people and the Titans.

What is the danger of putting our wealth mostly on gold?

I think the greatest danger is also the greatest strength. I think the greatest danger is that you will have all your wealth in something physical that can be physically taken away from you. This is a danger. But the alternative is even more dangerous right now. If your money is in digital or paper form within the system, perhaps it is less likely that a pirate will take it away. But if the system collapses, then it is gone anyway. So having it in physical form is also a great strength. And there are many things you can do to mitigate the dangers. Silence and secrecy is the foremost thing to do. And then there are many steps you can take beyond just keeping your mouth shut as well.

There are many reasons why I don't worry too much about this NWO thing. But the first and foremost is that I believe this great battle that is being waged right now is happening on a much higher plane than you and I reside on. We are merely spectators. The currency war, or whatever you want to call it, is being waged by the Giants. And these Giants have many different ideas about what should be the new system. It is highly unlikely they will ever agree on anything. But they also all have a lot of gold! So by owning some gold, we spectators can participate in the spoils of victory, no matter who wins!

Another thought there was a decent chance the Euro would win. But that was 11 years ago. Much has changed since then. And still, much remains the same. It is interesting that the Euro seems not to be cooperating with the dollar right now. This possibly hints that Another was right, that the Euro was set up to favor a Freegold system from the very beginning. In the Euro, each member state is required to keep gold reserves. And unlike the dollar system which marks it's gold at $42 per ounce, the Euro banks mark theirs to market. Therefore a rising price of gold strengthens the Euro while it weakens the dollar.

Perhaps this is the reason the ECB is not fully committed to the hyperinflationary orgy that the dollar faction is engaging in. Perhaps the ECB knows the same things that Another leaked out under the cover of anonymity many years ago. Perhaps the ECB has been waiting patiently all these years.

And even if this is not the case, the natural conclusions one can draw from these thoughts laid out by Another does not change. The system is broken. Things are changing. Golden surfboard or not, the wave is coming.

Sincerely,
FOFOA

Anonymous said...

Dear Fofoa,

Thanks for the explanation, now I understand the whole story. I have read Another's blog about following the footsteps of the giant but didn't quite understand what he meant. I didn't notice that you already wrote that when you started your blog.

It seems I just arrived on the point where you started to write down your thoughts. :)

Have a good day!

Regards,
-Guess-

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