Perspectiv​e on the "Barbarous Relic".........................from Rico

Keynesian knuckleheads and their apologists and shills are out in full "hue and cry" trying to convince the sheeple that Gold is dead and a worthless "barbarous relic" as they imply nonredeemable paper fiat (credit) is really wealth (hoping everyone ignores the fact that access to credt is merely access to debt).

- Of course, tis makes perfect sense IF your country and/or central bank are insolvent [read: broke].

Thus, Western governments and their central banks have sanctioned naked paper selling by their proxies (bullion banks) to drive the paper bullion prices down.

- What we have just seen has absolutely nothing to do with the physical market. With naked shorts NO physical metal is actually sold. [translation: the Fed et al OK's the use of naked shorts in the paper market to offset the price-effect of rising demand for physical bullion and the concurrent devaluation of its fiat currency.]

- Monday's paper Gold volume was ~91% of global annual physical production (64.4 million oz vs 70 million oz ex-China and ex-Russia.

- Monday's paper Silver volume was 1,035 billion oz. vs global annual physical production of 700 million oz. ex-China ex-Russia. [For the financial media and FTV that's 145% of the annual amount...in one day.]

[This is just a guess, but it may well be that ALL the real physical Silver inventoried in SLV has been depleted in London. If true, then the sole remaining physical Silver would be at the COMEX. How's THAT for a comforting thought?]

Attached are two charts showng Gold from a 30,000-foot perspective. A very long view. One from 1792 to now, the other from 1257 to now. Whichever one you look at indicates a pretty good run, and clearly a trend. Not too shabby for a "barbarous relic" (show me a chart of ANY paper fiat currency spanning either of these periods, go ahead, I challenge you; even that economic ignoranus Krugman with his casual relationship to the facts cannot do that!).

The last item is a tally of the world official Gold stores. If Gold is worthless, just WHY do they have it in their vaults?

- Maybe they need to listen to the House of Blankfein (Goldman Sachs aka the Vampire Squid) and sell-sell-sell before Gold goes to ZERO...or even goes negative? Hahahahahhahaahhaaaa.........