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" Paper substitutes for gold are sold, instead of real gold, through derivatives, futures, pooled accounts, exchange-traded funds, gold certificates, etc. I estimate that each ounce of gold has been effectively sold 20 times over or more. To maintain this Ponzi scheme, some real gold is required, because some investors or jewelers demand to take possession of real gold. For the scam to be sustained there must always be plentiful physical gold for those who want it.
This physical supply has been met from mine supply and central bank leasing and selling.
The market is in effect a giant inverted pyramid with a huge paper gold market being supported above a small amount of physical gold at the tip of the inverted pyramid. The scam can continue until there are indications of a shortage of physical gold. If the 20 or so claimants of each ounce of real gold demand their gold, there is the potential for a squeeze such as never been seen before"
In 2008, one country amassed a very large new supply of gold: Russian gold and hard currency reserve holdings hit a record 483.9 billion US dollars, an increase of 2.6 billion US in a single week. Did the Russians find out which gold was "good' and buy it out? Or did they get scammed? Their stocks' behavior might be worth watching for clues.
Interestingly, as of late September 2008, we saw the US Federal Government beginning to limit the access of ordinary citizens to gold bullion coins- by withdrawing new bullion coins from circulation.
Did the US government have to make up for a sudden "short" supply? More, could some gold coins be as tainted as the bullion in some banks? Where does this all go and who in authority can we believe when "western-style' economics and its leaders can be so greedy, unethical, criminal and evil?
All over the world, people and nations have been buying gold to protect themselves from the coming economic darkness that is being conjured up by the evil wizards of wal-street. Now it seems that gold won't protect them, either, if gold has been alchemically polluted and tampered with tungsten, steel, hype and bubbles by "appointed' elite males who actually believe they are doing "God's Work'.
The Smirking Chimp blog ran part of an article from http://www.borowitzreport.com called ""Goldman Sachs Not Doing "God's Work," Says Satan' by Andy Borowitz (November 10, 2009)
The article must have come too close to the Truth. Neither the article or the website will pop up for me. You can read part of it at http://www.smirkingchimp.com/thread/24861
Maybe Satan doesn't want the world to know which "god' the masters of economic disasters really serve so he cut off the URL's.
This physical supply has been met from mine supply and central bank leasing and selling.
The market is in effect a giant inverted pyramid with a huge paper gold market being supported above a small amount of physical gold at the tip of the inverted pyramid. The scam can continue until there are indications of a shortage of physical gold. If the 20 or so claimants of each ounce of real gold demand their gold, there is the potential for a squeeze such as never been seen before"
In 2008, one country amassed a very large new supply of gold: Russian gold and hard currency reserve holdings hit a record 483.9 billion US dollars, an increase of 2.6 billion US in a single week. Did the Russians find out which gold was "good' and buy it out? Or did they get scammed? Their stocks' behavior might be worth watching for clues.
Interestingly, as of late September 2008, we saw the US Federal Government beginning to limit the access of ordinary citizens to gold bullion coins- by withdrawing new bullion coins from circulation.
Did the US government have to make up for a sudden "short" supply? More, could some gold coins be as tainted as the bullion in some banks? Where does this all go and who in authority can we believe when "western-style' economics and its leaders can be so greedy, unethical, criminal and evil?
All over the world, people and nations have been buying gold to protect themselves from the coming economic darkness that is being conjured up by the evil wizards of wal-street. Now it seems that gold won't protect them, either, if gold has been alchemically polluted and tampered with tungsten, steel, hype and bubbles by "appointed' elite males who actually believe they are doing "God's Work'.
The Smirking Chimp blog ran part of an article from http://www.borowitzreport.com called ""Goldman Sachs Not Doing "God's Work," Says Satan' by Andy Borowitz (November 10, 2009)
The article must have come too close to the Truth. Neither the article or the website will pop up for me. You can read part of it at http://www.smirkingchimp.com/thread/24861
Maybe Satan doesn't want the world to know which "god' the masters of economic disasters really serve so he cut off the URL's.
To see a list of most of my blogs, go to http://martharosecrow.blogspot.com
I can be contacted at greathierophant@yahoo.com
