Buy Gold Bullion | "Fuggedaboutit"...Please? - Trusted Resource For <b>Gold</b>, Silver <b>...</b> | News2Gold |
| "Fuggedaboutit"...Please? - Trusted Resource For <b>Gold</b>, Silver <b>...</b> Posted: 24 Jun 2014 02:30 PM PDT  Well, well, well… the Germans don't want their gold back any longer. They kinda sorta did in Dec. 2012 and expected something like 42 tons per year for 7 years to get 300 of their 1,500 tons from the FRBNY. That didn't work out so well since they only received 5 tons last year …and it was reportedly not even the same gold that was originally deposited because the bars that were delivered were "recast"…but at least it was gold. We were told that they were recast because of the "impurities" that needed to be removed. Really? Is gold really like bread that molds over time and grows "impure?" The Bloomberg story of "How the Germans don't want their gold back" (my quote) is here. OK, I'm sorry but this stinks to high heaven. No I did not graduate from an Ivy League school or a white shoe University like Oxford so I was never let in on the wink, wink, pinky swear secret handshake of the elites. Maybe it is considered "gentlemanly" not to turn in or squeal on one of your own even if it involves theft from your own countrymen. Think this one through for a moment, Germany asked for their gold back. Not all of it mind you, only 10% of their total and just 20% of what the Federal Reserve was supposedly holding…and only received a whopping 5 tons which equates to less than 2%. Let's put this in street terms, 40 years ago you gave your friend (a local businessman with a good reputation) Louie $1,500 to keep safe because you didn't trust the banks. You never really needed the money but every once in a while you would buy him a beer and pull him away into a corner at the local bar and ask him if the money was still safe. Every time you asked him he told you "as safe as could be" so you never really worried about it. But then one day you hear how Louie's partner Sam asked for his money back but then a few weeks later Sam was found dead in a car trunk. Then the same thing happens again twice to Monty and then to Hugo, they are also found dead so you start scratching your head because these are all sort of similar …but then it happens. You find out through the grapevine that their houses were burglarized during the funeral and each one of the widow's was heard saying that everything was busted up and the "cookie jar" was missing! Aha! Do you get it yet? OK so I'll finish the story for you. After hearing about this you "tip toe" up to Louie and ask him if it's OK to have the $1,500 back? Louie grunts and growls a little bit so you back off and say, "How about $300?" After asking a few questions meant to put you off, Louie agrees to give you the $300 over the next 7 years. The only problem is that after the first year he only gave you $5 back and asked you to buy him a beer…and something else is a little bit strange. The dollar bills that you gave him were so old that they were "gold certificates" and had old serial numbers on them, you didn't remember the numbers but you knew they were early numbers. The strange part is that the dollar bills you got back were new ones. They smelled new, the bills were crisp and even "better" than the ones you gave Louie to begin with. They even said "Federal Reserve Notes" on them. Hey wait a minute these aren't the bills I gave Louie all those years ago! Do you see what happened? Now you are in a pickle, Louie is walking down the street swearing at everyone and even gives out a few beatings on the way. He finally walks up to you and says (not asks), "Hey Angelo, you still need all that money back or is it OK if I still keep it safe?" What are you going to say to him? Oh and I forgot, you and Louie are also business partners in several restaurants around town that aren't doing so well anymore. If you put the word out on the street that Louie is a welcher or a thief, people might wonder about the food quality and then your other restaurant investments go down the drain. Let me explain this for you and I will add that it is in "my opinion" so folks like Jeff Christian cannot yell "liar liar pants on fire." "In my opinion," the German gold is gone, LONG gone! They will never get it back. They know it, the Fed knows it and I hope that you know it too. We stole it. We sold it. Maybe even 10 times over…or 100? The Germans cannot say anything at all about it because their banks are just as leveraged as or even more so than ours are. If they open their mouths… the entire system will be exposed as a fraud. The entire system will collapse; there will be violence, chaos and loss everywhere you look. Period, end of story and extremely simple. "We" knew this 17 or 18 months ago when the story first broke that Germany wanted their gold back but could only get 20% of it …over 7 years…and now they only got 2% and suddenly they don't want it anymore. Could the story get any better? I have to ask, do "they" (the German and American powers that be) really believe that ANYONE could be this foolish? Do they really believe that ANYONE believes ANY of this story? No, they do not. What they do know is that this (as well as other situations) is an example of "MAD" (mutually assured destruction) if they are recognized. So, very simple, just "don't recognize them." Tell a happy story that Bloomberg can print…and then just forget about it. "Fuggedaboutit" because the average person will forget about it and only the tin foil hat society will ever even mention it …and they are crazies anyway and no one listens to them! Gold should be up $200 on this news and never to look back but it's not because it is still "under control." If you know anything about poker then you know that you cannot bluff on every single hand because sooner or later your bluff will be called! I penned this piece yesterday evening and thought that it was finished but a little more comedy has come out since then. The head of German gold repatriation has come out and responded to the Bloomberg article. Peter Boehringer now says that the article is a false headline that he is taken out of context and old news. His response sounded to me (but I am a jaded nut job) like he protests too much and that "they really didn't want their gold back in the first place." If I were a reporter and had the chance to ask just a couple of questions I would ask: What has changed? Why the about face and especially since you didn't get your promised 42 tons…which turned out NOT to be the gold that you deposited in the first place? Who is holding a gun to your head? One last thought, the Bloomberg article quotes Norbert Barthle, the spokesman for the CDU (Angela Merkel's Christian Democratic Party) as saying, "The Americans are taking good care of our gold." Objectively, there's absolutely no reason for mistrust." Umm, no reason for mistrust? I'm almost speechless (that almost never happens)! How about simply because you are in essence saying "trust me?" How about the above mentioned facts that they only received 5 of a promised 42 tons for the year 2013 and the fact that it wasn't even the same gold? Have they really stooped so low as to answer with the tried and true response of a 5 year old…"BECAUSE?" Let me finish with this, "they" must think that either they are so smart or that "we" are so dumb…"they don't need no stinkin' common sense" because whatever they feed us we will consume. Similar Posts:None Found  |
| The Anti-Cartel - Trusted Resource For <b>Gold</b>, Silver, Platinum <b>...</b> Posted: 24 Jun 2014 11:45 AM PDT TPTB are rapidly losing their game of "money-printing chicken"; as no matter how much they try to deceive the masses a "realization of reality" is rapidly encircling the globe. To wit, artificially propped European stock markets can pretend Europe is "recovering" all they want, but yesterday's horrific Eurozone PMI decline, and this morning's six-month low in the widely watched German IFO survey scream otherwise. To that end, the Fed can claim there's "no inflation" all it wants. However, shocking data like May's 10% industry-wide airfare increase – i.e., the biggest jump since the dot-com heyday of 1999 – decidedly refutes their claims. Not to mention, the Fed's belief that "the housing market" is booming; when in fact its only strength is in $1 million-plus homes of "the 1%" receiving their free money.  Zero Hedge  Zero Hedge And the same goes for the precious metals "bear market" which as we discussed yesterday looks very much to have ended. The Cartel's suicidal, "go for broke" raids of the past three years – starting with 2011's "point of no return" attacks, and culminating with April 2013's "Alternative Currencies Destruction" raids have left them extremely vulnerable – as record-setting Eastern demand, and an abysmal production outlook yield the very real possibility of crippling shortages in the coming years or perhaps months. Over the past decade – specifically since the Western financial system "broke" in 2008, the Chinese and Russians have spearheaded an "Eastern monetary revolution" creating a so-called "anti-Cartel" that has consumed every ounce of dishoarded Western bullion setting the stage to rule the upcoming post-dollar era. History's largest precious metals buying spree won't end until there's nothing left to acquire; at which point, a new era of dramatically higher prices – and debauched fiat currencies – will usher in a "new world order." This is one of those strange "eye of the hurricane" mornings; when clearly, the "giant sucking sound" of government-supported financial markets is drowning out what used to be considered dire political and economic developments. In other words, the disconnect between market valuations and reality has never been wider, adding an unprecedented level of risk. The pre-2000 "tech wreck" markets were for all and intents and purposes, "freely traded"; and even the pre-2008 Financial Meltdown markets maintained a semblance of capitalistic independence. However, in a "pre-2015" world where the Fed owns at least one-third of all Treasury bonds (not including "Belgian" holdings, of course) and 40% of all mortgage-backed bonds – and global Central banks cumulatively own nearly 50% of all public equities – there is not a single ounce of "price discovery" left in Western financial markets. That is paper markets like stocks and bonds; as opposed to PHYSICAL markets like gold and silver – as last I looked alchemy was still a myth. In other words, when we say the Fed will stop at nothing to prevent a breakdown from the 2.6% "line in the sand" on the benchmark 10-year yield – to prevent the "most damning proof yet of QE failure" – we're not just blowing smoke. Nor are we off the mark when discussing the "dead ringer" algorithms used to support the "Dow Jones Propaganda Average" each day; or the DLITG or "don't let it turn green" algos used to prevent rising PAPER PM prices among countless others. Day in and out, the misguided soon-to-be-deposed powers that be let the entire world know of their desperation; and as we write, it couldn't be clearer the "walls are closing in" on their rapidly deteriorating scheme to avert reality. Today alone, the aforementioned ugly German IFO survey highlighted the fact that negative interest rates or otherwise the Euro currency is on a crash course with a catastrophic breakup in the not too distant future. Meanwhile, oil prices remain near multi-year highs as the Iraqi civil war expands with President Massoud Barzani revealing to CNN this morning that…
By the way, energy is by far the most expensive input in the mining business; and thus, as brilliantly elucidated by Steve St. Angelo this morning, there is no way precious metals can materially decline in a high energy price environment – particularly if the ballyhooed shale oil fad has played itself out. We wrote of this ominous situation a year ago and never has it been more appropriate than today. Meanwhile, the heavily propagandized Ukraine "de-escalation" is rapidly being recognized as the outright lie it has always been. Not only natural gas, but water supplies are now being shut down threatening to dramatically escalate hostilities between not only the puppet government and rebels, but the U.S. and Russia itself. In other words, two of history's most war-torn regions are on the verge of cataclysmic wars, nearly assuring sky-high energy prices and potentially, large-scale military confrontations. Here in the land of "recovery," the so-called driver of economic expansion sputtered badly this morning as we predicted it would. First, the Federal Housing Finance Agency (FHFA) reported that the price rollover that commenced last summer came full circle in May as its benchmark agency was unchanged, versus last month's 0.7% gain and expectations of a 0.5% increase. Simultaneously, the widely watched Case-Shiller 20-city price index validated this weakness, rising by just 0.2% versus 1.2% last month and the forecast 0.8% increase. But don't worry, the government says "consumer confidence" is at its highest level since – drumroll please – early 2008. Do you feel that confident? And does anyone remember what happened directly afterwards? And finally, the giant "pink elephant" in the room; i.e., the collapsing Chinese economy where the warehouse collateral Ponzi scheme scandal is spreading like wildfire threatening the all-out collapse of history's largest financial bubble. We cannot emphasize more the myth of low Chinese debt as in communist economies, the government owns everything. And thus, whilst the "official" government debt/GDP ratio is just 32%, total debt/GDP is 183% – when incorporating what they classify "corporate" debt. And by the way, take note of some of the other major players with astronomic debt/GDP ratios – from the UK to Japan to the U.S. itself.  Zero Hedge
Given the widespread worldwide political and economic carnage, TPTB have but three weapons money printing, market manipulation and propaganda – all of which appear to be at the end of their collective rope. That is when market valuations have been stretched too far governments become significant equity, bond and real estate owners; and global debt and inflation surge whilst economic activity plunges there is only so much blood to take from the stone. This goes double in the historically suppressed precious metals markets where – in an effort to generate said "confidence" – the U.S. government-led Cartel has suicidally pushed gold and silver prices well below their respective costs of production. Unfortunately for them – and the Western world at large – the overt and covert dishoarding of physical metal over the past decade has permanently crippled their financial power, ceding the 21st century to the emerging "BRICS bloc" led by China and Russia, and likely including key oil producing Middle Eastern nations. It is well known that Swiss refineries have been working 24/7 to convert Western gold to Asia-friendly kilo-bars; and thus, with each passing day, the global balance of power passes further from the fiat-loving Western Cartel to the bullion-loving Eastern "anti-Cartel." Moreover, the emergence of the gold-friendly BJP party in India will likely, if anything, yield accelerating demand from the historically largest gold importer. Shortages have plagued the physical PM industry since the 2008 destruction of the global financial system – which to this day is imploding exponentially, just as the Big Bang continues to infinitely expand the universe. The first such shortages emerged in 2008, when the Cartel attacked paper PMs to "prove" they weren't safe havens. Silver and gold premiums reached 100% and 30%, respectively, decidedly proving otherwise – whilst global mints sold out for months on end. Next, demonstrating silver's unique inelasticity, the white metal practically "ran out" when it reached $50/oz. on 2011, before the Cartel attacked via the infamous "Sunday Night Paper Silver Massacre." Next, we saw two significant shortages in 2013; first, when the U.S. Mint sold out of Silver Eagles for the first two weeks of the year; and next, after the April "Alternative Currencies Destruction" raids – after which "junk silver" premiums surged as high as $7/oz. above spot. Even this year, amidst record sales volumes the U.S. Mint was rationing silver Eagles until earlier this month; no doubt the "anti-Cartel" of Eastern buyers are buying every ounce they can get their hands on. FYI, note that no nation discloses its physical silver holdings – which based on the below chart are clearly being accumulated by "someone." To conclude, we have never been more bullish about precious metal prices; as clearly, the "Anti-Cartel" is acquiring metal at an historic rate. Only time will tell if Jim Sinclair is right – i.e., the anti-Cartel will aggressively move" to "de-dollarize" the world in the second half of 2014. The current action clearly suggests "someone" is taking on the Cartel; and ultimately, the entire world will join them. You too, can join the "anti-Cartel" by trading your rapidly depreciating scrip for real money which ultimately, will likely save your family's net worth. Similar Posts: |
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