22
Nov
2009
Posted by The Mad Ape as Finance, Investing, Precious Metals, Scams
GOLD AND SILVER ON THE RISE
If you have not been following the rapid rise of gold and silver over the past few months, it is time to take notice as the rise is happening at an ever increasing rate.
There are many forces in play, and although the price is high, it is not even close to peaking yet. Locally I have been laughed at and publicly ridiculed at my predictions for these high prices. I have been told I was out to lunch, but I assure you I am not. Everything that I predicted has come true.
It may be hard to predict time lines but the price of gold will be north of $5000.00 US Funds per ounce with silver north of $200.00 per ounce because of the US Administrations Economic Policies.
PAPER FIAT CURRENCY IS NOT MONEY
A quick refresher: Most people still refer to fiat currency as money, but paper currency is not money. The only real money is precious metals. Keep that in mind when listening to the talking heads on the financial networks.
THE FORCE(s)
The main force in play, that you normally hear about, is that all of the stimulus currency that has been created has diluted the value of the fiat currency, causing the rise in precious metals. Although a major driving force in the price of gold and silver, there is one force that may be hiding under the radar. One that could shake the the foundations of the global economy and bring it to its knees.
You will not hear this on the mainstream news. But what would you expect from these financial reporters/analysts? The bulk of them still say that investing in precious metals is crazy and owning Warren Buffet Toilet Paper is a better choice.
Even when they see it happening, they deny it. Don’t listen to them. Listen to me. I am right and they are wrong. 100% guaranteed! Stupid is as stupid does!
NEWSFLASH: Savers of fiat currency will lose it all
If you think that by having your wealth stored in dollars in a bank account is safe, you will be in for a sad awakening when you need the bulk of that paper to buy a loaf of bread.
THE FORCE OF FRAUD
This unfolding story is what I like to refer to as the ‘Great Gold Fraud of 2009′. Although only rumor and speculation at this time, people are postulating that members of The London Bullion Market Association (LBMA) have oversold their inventory to investors. Further the rumor exists that the financial instruments called ETF’s, of gold and silver, do not have the metals in inventory to cover what has been bought by investors.
We got a sneak peak at these financial terrorists on Friday, November 20, 2009 when the dollar raised in value by 9%. This was a deliberate manipulation of the forex markets. Think about this for a second. This involves trillions of dollars and this swing was greater than the entire GDP of Great Britain. Because fraud was suspected trading was suspended.
To get a detailed explanation of what happened on Friday in the currency markets check out “The Truth About Markets” radio show from Max Keiser and Stacy Herbert
Most of the members of the LBMA are banking and financial corporations. The same applies to the issuers of the ETF’s. It is common practice to sell metals to a buyer and then hold the metal in their vaults for the buyer. Think about this for a moment. These sellers may be selling the same gold or silver bar multiple times. If a buyer has confidence in the seller, they will think that their metal is safe.
RUMBLE IN THE FINANCIAL JUNGLE
These rumblings are not substantiated yet, it is mere speculation. Yet these rumors persist. If these rumors are shown to be true then all hell will break loose. You will have hordes of buyers losing confidence in the safety of their metals and demand to take delivery of it. This will create wide-spread panic in financial markets. This will cause an immediate spike in the price of gold and silver to exorbitant levels.
GET OUT OF US DOLLARS NOW
The writing is on the wall. For over two years I have told you that this was going to happen. I have told you that this crisis was going to get a whole lot worse. You still have a window of opportunity to divest yourself of paper currency and invest in to real money… gold and silver.
Technorati Tags: gold, silver, buy gold, buy silver, gold fraud, financial terrorists, forex
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2 Responses
The Mad Ape
November 22nd, 2009 at 12:24 pm
Evidence of massive fraud on the gold market emerges, reports Jim Willie
Saturday, 21 November 2009
Gold Market Breakdown
Jim Willie
The Golden Jackass
November 20, 2009
The rise in gold pre-sages a currency collapse, led by the US Dollar. Gold vaults at commodity exchanges in New York and especially London are being drained by delivery demands. Gold demand is skyrocketing, as distrust for the US Dollar is broadening and revolt against the US$ is deepening. The quintessential finance war is between the United States and China, with the battlefield being the US$ and Gold. The race over the $1000 price level came in the face of mammoth shorting by the same Usual Suspects on Wall Street, which do so with paper, but without the required collateral. The gold market is poised for a surprise upward move from a basic broken condition, as the Powerz are losing control. It would be a joy to watch except for the extreme hardship due to come to the betrayed American people.
$$$ THE BIGGEST GOLD CRIME STORY OF THE CENTURY MIGHT BE SOON COMING TO FULL LIGHT. EVIDENCE IS BEING ACCUMULATING THAT THE CLINTON ADMIN WITH RUBIN AT US DEPT TREASURY REPLACED PERHAPS THE ENTIRE CONTENTS OF THE FORT KNOX GOLD WITH TUNGSTEN BARS PLATED BY GOLD. THE SALTED GOLD BARS ARE FASTING BECOMING A GLOBAL CRIME ISSUE. HONG KONG DISCOVERED THEM, AND NOW ASSAYERS ARE TRYING TO AUTHENTICATE MOST OF THE GLOBAL GOLD HELD IN BANKS. ENTIRE NATIONS ARE AT RISK. BEFORE LONG THE US GOVT COULD BE DECLARED A ROGUE NATION INTERNATIONALLY. $$$
My view is the story is not only credible, but it is the climax to the US financial collapse. In time the United States will be isolated, declared a Rogue Nation, unable to fund its debt except with monetization, whose leaders and former leaders face international prosecution. The resulting inflation will undermine the US Dollar to the point that it will not be accepted. A US Treasury default will be forced, all in time. To be sure, some demand for gold might be frozen into inaction obviously, as customers would fear owning fake gold bars. However, the significantly greater effect is that sellers of gold will scramble to purchase real gold bars, so as to avoid fraud charges, criminal prosecution, and jail time. They will be motivated to repair the fraudulent transaction with full expedience. The replacement effect will cause an extraordinarily huge demand. Only at that time, will the risk of exposing the stolen gold come, as the thieves will want to cash out on their crime, at least partially. The removal and illegal swap of gold has precedent. In the 1960 decade, around 1968, President Lyndon Johnson ordered the removal of 7000 of the 8000 tons of gold from Fort Knox, and had it sent to England. The motive was to support the gold price at the time. Just a few years later, the US under President Nixon abandoned the US$ Gold Standard, as dictated by the Bretton Woods Accord. The gold was replaced during the Johnson Admin in Fort Knox by lead bars plated by gold. A contact of mine was in the US Military Police at the time. He reported long caravans exiting Fort Knox for weeks at a time, but the details of shipments were not known to the guards, only their duties.
For some excellent forensic financial analysis on the fake gold project, called Operation Grand Slam, see Rob Kirby’s article. It is entitled “On Doing God A New Take On Operation Grand Slam With A Tungsten Twist HERE), dated 12 November 2009.
$$$ GOLD MARKET BREAKDOWN IS WITHIN VIEW. LONDON GOLD IS BEING DRAINED BY THE CHINESE. A DISMANTLE OF THE CRIMINAL APPARATUS IS THEIR GOAL. UPON FULL BREAKDOWN, THE GOLD PRICE WILL BE RELEASED FROM PAPER TENTACLES AND RISE SHARPLY. $$$
Pressures mounted in early October at the London metals exchange as gold contract holders demanded delivery of gold. My source tells me that the parties demanding gold were almost exclusively Chinese. It is mostly private billionaires. Their stated motive was to diversify out of US$-based assets. Their rumored motive was to ruin the exchange, expose the chronic fraud linked to government ministries, and force the US Dollar to fight in the open to demonstrate value or lack of value. The source said the next round of gold contract delivery pressure comes in late November, then again in March 2010, and finally in June 2010. He said the gold is gradually being drained in London, and that all demands for gold delivery were met in October, using legal force, the courts, and powerful attorneys. Not a single gold contract was settled for cash with a 25% dividend bribe. He concluded that the financial system will be broken at the gold-US Dollar cross beam. He openly stated that he could not conceive of the system holding together past June of next year, and a severe test is likely in March 2010. He said with sly tone, “There is a saying: Watch out or you become shit before your own shovel. That is what is happening to the BOYZ right now. The people in the driver seat of the bulldozer have clear instructions what to do in the gold market.” When the breakdown comes, it will be next to impossible to trade in US Dollars, to settle commerce in US Dollars, to finance the US Treasury’s, to supply the US Economy with credit, and to maintain the US banking system. The banks in the United States will then shut down in all likelihood.
My view is that a battle royal is being played out with gross global pressures, between the old broken insolvent corrupted powers of the West versus the new wealthy ambitious powers of the East, led by China. The future chapters will possibly involve the Intl Court in The Hague for prosecutions against the Wall Street firms and former US Treasury officials. It will possibly involve a wave of murders from the middle levels, working up, since the guilty parties operate with impunity and government protection. It will surely involve relentless attacks on COMEX and London CME for gold deliveries, where collateral requirements are not enforced. The practice is known as naked shorting, illegal. It will probably involve the isolation of the United States, with full recognition of a crime syndicate lodged within its government ministries and capital markets. These are truly incredible times.
Evidence is being gathered by perhaps a dozen key gold traders with diverse connections to the gold industry. They tie the delivery systems, the authentication processes, the assayers, record keeping, big financial firms, and trading platforms. Evidence mounts that as many as 1.5 million 400-oz gold bars were replaced at Fort Knox during the Clinton Admin with tungsten bars covered with a thin gold plate. This was a complex metallurgical feat, from what is told. The first ’salted bars’ were discovered in Hong Kong a month ago, reported by the Hat Trick Letter. Since that time, tens of thousands of bars have been examined, usually using four test holes drilled for direct sampling. Other non-invasive methods are being used as well, such as electro-magnetic tests to detect the actual lattice structure of the metal to distinguish gold from other substitutes. Word came this week that almost every available assayer in the world is currently tied up, charged with proving the authenticity of gold bars worldwide, right now! Rob Kirby suspects that the Street Tracks GLD exchange traded fund might be loaded with such salted bars. It is a perfect destination for them, since the Wall Street syndicate prevents any audit. The total value of gold removed within the plot was worth over $500 billion. So where are the real gold bars stored? My guess is the same location where the Madoff money is secretly held.
King Midas
November 26th, 2009 at 2:45 am
I got into gold and silver approximately 10 years ago. Even though my stash has increased dramatically in value, I have no intention of “cashing in”. I agree with you ape and that is why I am keeping my metal. Why would I trade it in on worthless paper? I think I will wait for the new currency and buy some of that. I figure that my metal will buy more of the new paper than the old paper will. This world is F’d up beyond repair and most people do not see it coming. Although I am not going to be a customer of yours I am glad I found your site. I feels good to hang around a sane crowd for once.
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