For those who are still 'smarting' from last Thursday's post-FOMC bullion fire-sale, it is worth remembering that this was (a) orchestrated by the FED through their captive bullion banks and (b) was a purely paper-based contrivance...no one in their right mind was actually selling physical bullion (there was ZERO physical Gold fo sale, and nothing but BUY orders for physical in the wholesale arena), only tons of unbacked paper bullion in order to drive the price lower.
- In fact, this paper 'smackdown' actually drove physical buying through the roof.
Funny, but the ONLY ones saying that Gold bullion is a lousy investment have been the digital-fiat Anglo-American banking Cartel and their cronies and enablers.
- The rest of the world (ex-Chicago's CME/COMEX) is absolutely ignoring them.
Let's look past the 'noise' at what is actually happening and somehow is just NOT being reported.
- The Central Bankers are huge net buyers of Gold.
- JPM has quietly gone 'net long' Gold.
Silly bankers!
- They must not understand their business (money), or maybe they forgot to watch FTV (CNBC, MSNBC) to find out what they REALLY ought to be doing?
- Or 'maybe' they know what is coming since enrichment by crony inside information 'leaked' discretely in advance has become they way things work between Wall Street and Washington?
Here is a thesis for 2013:
- The financially 'broke' Banks and their governments are recapitalized by the revaluation of Gold, solving a lot of nasty balance sheet problems for them. For the average people who do not own it (or have sold it in sheer panic), not so much.
Yeah, sounds absolutely crazy I know! Hear me out...
- In 1933 Gold was taken out of circulation and out of the hands of the people, then Gold was sharply 'revalued' higher and 'voila!' the bankers and the
government were instantly recapitalized. Of course, the people who used-to own that Gold were royally screwed silly. Surprise!
Golly! Would a Banker or a Government that was 'broke' LIE to you? Would they SAY one thing and prepare to DO another? Steal YOUR money to replace money they had spent/lost? Nawwwwwww...say it ain't so.
- Hmmmmmm....well, gee, let me think about that one for a minute.
Sunday, 23 June 2013
Saying. Doing. Opposites?...................from Rico
From Theo Spark at 23:04
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