Please. Sell your Gold NOW! It's a trap.

Originally posted by galdur
Eurozone governments control about a third of world gold reserves. If you think they won´t sell it in a crisis, think again. The IMF sold 403 metric tons (one eighth of their holdings) in 2009 and 2010.

Right galdur, and how did the market react to those IMF sales, especially the November 3, 2009 announcement that India was the first purchaser at 200 tons ? - Link. As you can see from the chart, that initial 'sale' launched the critical Gold breakout from a 2 year consolidation pattern.

To maximize profits, CBs conduct large Gold 'sales' in fixed price off-market transactions > the relatively small open market would collapse the POG before the trade could be completed. This is also why details of these transactions are confidential until after they're finalized.

Central banks led by the Asian contingent became net Gold purchasers in 09/10. This development has been recognized as one of the most important, Gold friendly fundamentals since the signing of the first Central Bank Gold Agreement back in 1999. If any Western central bank (the IMF is not a CB) would offer to peddle a large percentage of it's Gold reserves, you can bet the BRICs would be lined-up, throwing elbows...willing to scoop-up every ounce.

Anyone remember the disparaging label; 'Brown's Bottom' ? After Gordon dumped half of The Crown's Gold at the bottom of a twenty year bear market, it's doubtful the Bank of England could muster enough political will to sell even a gram. That one still stings.

The Gordon Brown Gold Rally Indicator flashes buy signal -

The dollar looks like it might be getting ready to break out - like in 2008:

[atsimg]http://files.abovetopsecret.com/images/member/5a62800d1226.jpg[/atsimg]

Originally posted by Phoenix
reply to post by sbctinfantry

 

ETF's are worthless pieces of paper where the banksters have sold the same gold holdings a hundred times over. If owners of ETF's demanded "physical" delivery then the game would be up! Soro's made his money and now with Chavez of Venezuela requesting delivery of 90% of physical gold holdings be shipped back to Venezuela JP Morgan bank will be scrambling to cover ETF obligations - essentially it does not hold enough gold in its vaults to cover Chavez's request and support the ETF market.

ETF's are an Enron type scam - beware if you are invested in them. Demand delivery at maturity or sell and get actual delivery as soon as possible.

Physical Gold and Silver are not the "bubble" worthless investments oversold called ETF's are most definitely ready to burst as a bubble when all realize not enough product exists to support the market value of ETF's

Physical holders will see their holdings increase while "paper" holders will lose their proverbial butts.

Demanding delivery is the only way to beat the banksters and the FED.

Last time obligations exceeded liquidity for banks, they were bailed out, or did you forget? How would the US Government bail out banks this time? Oh, they would probably take your gold and give it to the banks. Insane? Well, they just took all of your wealth in the last bailout, the FED was caught with an open lifeline for at least three years of seven SECRET programs that at it's peak was loaning $1.2 Trillion dollars.

You never knew about it, and you'll never see it coming when you are ordered to surrender your holdings to pay our foreign obligations and debt, and/or the banks lack of liquidity.

It's fine though, I'm just here to tell you what is going to happen, whether you listen or not is surely up to you.

Don't shoot the messenger, and don't forget to thank him later.

This is worth about 60 thousand dollars.. Pretty amazing, isn´t it ?

[atsimg]http://files.abovetopsecret.com/images/member/1cb2a1e2bde4.jpg[/atsimg]

Originally posted by galdur
This is worth about 60 thousand dollars.. Pretty amazing, isn´t it ?

[atsimg]http://files.abovetopsecret.com/images/member/1cb2a1e2bde4.jpg[/atsimg]

Gonna be pretty amazing to see it stolen by a SWAT team and used to pay debts brought on by the banks, pawned off on the American people.

reply to post by sbctinfantry


This was worth a fortune in 1624.

[atsimg]http://files.abovetopsecret.com/images/member/036afaef1c51.jpg[/atsimg]

Well, looks like gold is above 1800 again, that didn't take long......and the more paper gold falls, the more people buy physical (and the OP drop the fear / name calling tactics)


Again, if you have your bases covered, I would recommend buying precious metals / gemstones to protect your wealth.

There was a financial adviser on the radio today saying that by the time an investment trend had percolated through to the man in the street, it was probably time to do the opposite - and that gold had reached that moment.

reply to post by MidnightTide


I don´t buy it. You can´t have price of money (debt) close to an all time high while what it buys is also close to an all time high. Something got to give. I gues the fleas sitting on the tail of the dollar dog will be at the losing side for the next year.

Originally posted by sbctinfantry

Gonna be pretty amazing to see it stolen by a SWAT team and used to pay debts brought on by the banks, pawned off on the American people.

Sure... and the Government might come take your kids too so don't have any children!!! Lol... they might also come for your guns... (like they did during Hurricane Katrina)... so according to the OP, you are an IDIOT if you own any GOLD, GUNS or have CHILDREN! Why?? Because the big bad Government might come take them all away from you!! So why even bother having any of these things, right?

Brilliant OP... lets all become "cowards" and live on our knees like you clearly do.

Originally posted by MidnightTide
Well, looks like gold is above 1800 again, that didn't take long......and the more paper gold falls, the more people buy physical (and the OP drop the fear / name calling tactics)


Again, if you have your bases covered, I would recommend buying precious metals / gemstones to protect your wealth.

edit on 26-8-2011 by MidnightTide because: (no reason given)

It's really sad, I've tried to tell you that you're attacking me for saying exactly that. After that, buy whatever you want.

Originally posted by sbctinfantry

Originally posted by galdur
This is worth about 60 thousand dollars.. Pretty amazing, isn´t it ?

[atsimg]http://files.abovetopsecret.com/images/member/1cb2a1e2bde4.jpg[/atsimg]

Gonna be pretty amazing to see it stolen by a SWAT team and used to pay debts brought on by the banks, pawned off on the American people.

sbctinfantry why do you see gold and other precious metals as so susceptible to theft or confiscation but then act as if land, water, and energy are impervious to usurpation? It is as if you're arguing that no wars have been waged over water, land and energy...and no one would ever illegally seize those "special" resources from their rightful owners, seriously?

Furthermore if gold and precious metals are going to be worthless, then why are the authorities in your scenarios so interested in seizing said "worthless" commodities when the "real" things of worth, as you know, things like water, energy, land and things of proven historical value. So in your argument you have TPTB confiscating worthless metals to pay off real debts while simultaneously letting regular people accumulate all he real assets. Brilliant!

About the only thing you say, OP, that I agree with is that is it not a prime time to buy gold. It would, however, be the perfect time to own a gold exhange

Please DO NOT sell your Gold. This thread is a trap!

Originally posted by Threadfall
sbctinfantry why do you see gold and other precious metals as so susceptible to theft or confiscation but then act as if land, water, and energy are impervious to usurpation? It is as if you're arguing that no wars have been waged over water, land and energy...and no one would ever illegally seize those "special" resources from their rightful owners, seriously?

Furthermore if gold and precious metals are going to be worthless, then why are the authorities in your scenarios so interested in seizing said "worthless" commodities when the "real" things of worth, as you know, things like water, energy, land and things of proven historical value. So in your argument you have TPTB confiscating worthless metals to pay off real debts while simultaneously letting regular people accumulate all he real assets. Brilliant!

About the only thing you say, OP, that I agree with is that is it not a prime time to buy gold. It would, however, be the perfect time to own a gold exhange

Liberty Dollars may be subject to seizure
Liberty Dollars held by collectors may be subject to seizure as contraband by federal law enforcement, officials with the U.S. Attorney’s Office and Secret Service said Aug. 24.

Statements by officials for those two federal law enforcement agencies seem to reverse the position taken in comments released from the United States Attorney’s Office in Charlotte, N.C., and published in Coin World in April, that mere possession of Liberty Dollars did not constitute a violation of any federal statute.
That position has apparently changed, although officials of the U.S. Secret Service — which would be the federal agency likely charged with executing any possible seizures — would not provide any definitive comments concerning under what circumstances Liberty Dollars would be seized.

The revised stance is tied to the Liberty Dollar being determined in a federal court to violate federal counterfeiting statutes. Liberty Dollars, metallic medallic pieces, were privately promoted as a form of currency that could be used in commerce as an alternative to Federal Reserve notes.

U.S. Attorney’s Office

Source : www.coinworld.com...

This is just a test, in order to see if it is possible to confiscate (once again) the privately held precious metals of we the people.

Why do I say buy land, water, and energy instead? Because I am warning you that they are going to very soon be destroying your dollar, and then your gold, and the rest will follow.

Let me put it this simply for the layman.

If you think you were ahead of the game getting gold @

Originally posted by sbctinfantry
Look, do what you want people. I gave you fair warning. Am I telling you to do it today? No, do it when you feel like you're comfortable. No pressure. Just don't forget me when you can't sell it, someone kicks in your door to get it, or it's illegal to use it.

When this happens, this will represent the final nail in what was once a great country. We will have bigger concerns then trying to sell our Gold.

To be honest, I think it will be a lot harder for the Government to try to pull this off again. Remember, more people are awake today then they were in the 1930's. Also, remember that the "smart" people in 1933 were the ones who DID NOT turn in their Gold and DID NOT try to sell it until years later after it had doubled or even tripled in price.

If the Government tries to confiscate Gold again... this only means that Gold is getting ready to really skyrocket in price! We need more people to STAND UP and not be such cowards. Yes we've got a tough road ahead of us... but it is going to be even tougher if people decide to lay down and don't stand up for what is right.

With that being said... BUY MORE GOLD! Prices still have a long ways to go folks.

Also, be sure to check this video out:

Stop comparing the depression of yesterday to the MAED of today.

In the depression, the majority of citizens were self sufficient. Today, most people live off of less than a week of food stores.
Proportionally, inflation was more devastating then, and now it is part of our financial machine.

Those are facts, but to say people are more "awake" then they were then is kind of like saying that the Egyptians were idiots but somehow managed to squeeze out the Pyramids.

You people crack me up. Keep posting that video, I get all my information from a single source. How many times has the video been posted in this thread? It's probably considered off-topic and against the TOC at this point, but hey, I'm a nice guy.

Originally posted by sbctinfantry
Stop comparing the depression of yesterday to the MAED of today.

In the depression, the majority of citizens were self sufficient. Today, most people live off of less than a week of food stores.
Proportionally, inflation was more devastating then, and now it is part of our financial machine.

Those are facts, but to say people are more "awake" then they were then is kind of like saying that the Egyptians were idiots but somehow managed to squeeze out the Pyramids.

You people crack me up. Keep posting that video, I get all my information from a single source. How many times has the video been posted in this thread? It's probably considered off-topic and against the TOC at this point, but hey, I'm a nice guy.

edit on 2011/8/31 by sbctinfantry because: (no reason given)

Oh OP... you do realize that you are preaching to the choir here... right? Sounds like you just need a really good way to vent off your anger. Or maybe you are just searching for something to make you feel happy? I have a great suggestion that should make you feel happy instantly... go buy some gold!

Originally posted by sbctinfantry
Stop comparing the depression of yesterday to the MAED of today.

In the depression, the majority of citizens were self sufficient. Today, most people live off of less than a week of food stores.
Proportionally, inflation was more devastating then, and now it is part of our financial machine.

Those are facts......

Facts ?

The depression of 'yesterday' was not an inflationary depression. How could anyone with even an 8th grade diploma not know that the economic devastation of the 30s was a manifestation of the worst deflationary depression in US history ?

And just who were these self sufficient citizens ? The millions lined-up at soup kitchens in the urban centers, or the starving, displaced agrarian workforce barely surviving on government relief programs in our rural communities ? The bankers called in notes on farms & ranches across the heartland, and what the bankers didn't take, the Dust Bowl did > the drought 1930 - 1936 was responsible for a massive shift in demographics as rural populations migrated to the cities in search of employment and/or to have better access to gubmn't services.

The OPs knowledge of recent US history is only surpassed by his sophomoric economics commentary.

I ask the reader...how is it possible that folks who missed participating in the best performing asset of the decade, suddenly have the market acumen to call the top in Gold ?

Trust me...they don't.

GL

I think that $200 drop was shorts testing the defense, which they found less than solid. Further attacks are to be expected soon.

Originally posted by OBE1

Originally posted by sbctinfantry
Stop comparing the depression of yesterday to the MAED of today.

In the depression, the majority of citizens were self sufficient. Today, most people live off of less than a week of food stores.
Proportionally, inflation was more devastating then, and now it is part of our financial machine.

Those are facts......

Facts ?

The depression of 'yesterday' was not an inflationary depression. How could anyone with even an 8th grade diploma not know that the economic devastation of the 30s was a manifestation of the worst deflationary depression in US history ?

And just who were these self sufficient citizens ? The millions lined-up at soup kitchens in the urban centers, or the starving, displaced agrarian workforce barely surviving on government relief programs in our rural communities ? The bankers called in notes on farms & ranches across the heartland, and what the bankers didn't take, the Dust Bowl did > the drought 1930 - 1936 was responsible for a massive shift in demographics as rural populations migrated to the cities in search of employment and/or to have better access to gubmn't services.

The OPs knowledge of recent US history is only surpassed by his sophomoric economics commentary.

Very cute wordplay to attack me, and you also make some less than sane assumptions based on no facts that I neither aquired or divested my own precious metals in a timely manner, or that I'm even holding any now.

Of course, I never said that inflation was the cause for the depression. You make that assumption without any evidence other than my saying that it was more devastating than it is today. Why? The money supply was much smaller, and thus, inflation was proportionally larger. Today, as a means to combat, and cover up the coming depression, we are inflating our currency to astronomical rates. If these practices were used during the great depression, their effects would be much more noticeable and have greater impact on the wealth of the citizens. Today, we learn of things like this:

[atsimg]http://files.abovetopsecret.com/images/member/b87e48b12b08.jpg[/atsimg]

If that were to have been used to attempt to pull us out of the depression, the effects would be painful and noticeable. There would be no chance to have hidden it for three years or more.

As far as food dependence goes. A frightening proportion of Americans are on Food Stamps (SNAP) today. Soup kitches and bread lines saw their resurgence in the 1930's, right after the depression started. People lost everything and then looked for assistance. Today, we are not, supposedly, in a depression but alas we have people who would starve without government assistance every day using a EBT Food Stamp Card to feed themselves. What happens if those cards don't renew, or their purchasing power declines?

But, I of course have no idea what I'm talking about, right?

What happens when the food stamps stop coming? The outstanding loans don't get paid because the money will be used for food.

Get seeds, settle your debts, buy things that matter. This charlatan will have you holding a bag of gold while the world collapses around you, if that's your aim, so be it.