Gold In Our Present World Economic Condition

Oct 262012

Gold In Our Present World Economic Condition

English: A picture from the gold vault of the Federal Reserve Bank of New York (Photo credit: Wikipedia)

Different factors affect our market today. And still a lot more issues are coming up that is really detrimental to our society. Yes, there are many options to solve all these, but all the officials and experts have to offer are bailouts and different shady laws that are so covered that it is hard to follow for a common man. They made these “laws” and “acts” so complicated. The word bailout itself connotes of something in the worst scenario and it doesn’t really offer up a solution.

Let Gold In Our Present World Economic Condition help you in your asset investment planning.

The following is a must read by Gold Seek for any investment market enthusiast.

Dear Friend of GATA and Gold:
GATA’s friend and researcher R.M. writes today from Europe:
“If the U.S. judiciary deemed protection of the nation’s currency or similar national interests (such as stable financial markets and oil prices) as justification not to prosecute a cartel’s war against gold by federal authorities, foreign governments, and their agents, could anti-trust law ever be brought to bear against such activity in our lifetimes?
“What I’m asking essentially is: What is the Achilles’ heel of gold market collusion that would provoke enforcement in a compromised judicial system?”
I have replied to R.M. as follows.
As I read the Gold Reserve Act of 1934 as amended, it authorizes the U.S. government to trade secretly not just in the gold market but in any market:

http://www.treasury.gov/resource-center/international/ESF/Pages/esf-inde…

The Gold Reserve Act describes its objective as “an orderly system of exchange rates.” Any administration almost certainly would construe that objective as an exemption from anti-trust law and I doubt that any court would have the nerve to disagree.
This question came up more or less during the first lawsuit against gold market manipulation, the lawsuit brought by Reginald Howe with GATA’s support in U.S. District Court in Boston in 2001 against the Bank for International Settlements, the U.S. Federal Reserve and Treasury Department, and various bullion banks. For the details of that lawsuit, see the entry for “Gold Price Fixing Case” at Howe’s Internet site here:

http://www.goldensextant.com/

There was only one public proceeding in that case, held in Boston on November 5, 2001, on the defendants’ motion for dismissal via “summary judgment.” “Summary judgment” is a determination by the court that even if everything in the plaintiff’s complaint is true, there is no remedy at law and nothing for the court to do about it. I attended that hearing. While I had to sit in the back of the courtoorm and the acoustics were not good, I heard an assistant U.S. attorney assert that the government, without admitting that it was doing what Howe complained of, very much claimed the power to do it. See my report on the hearing as posted at GATA’s old Internet site here:

http://groups.yahoo.com/group/gata/message/912

Gold In Our Present World Economic Condition states the important points that plague our economy today. It gives us insight to all the angles which we, as a society, are being constantly barraged into submission. But most importantly, it also shows a more permanent recipe for a healthy financial future that none of the administration or bureaucrats can offer.

Click here to see the full article.

“The Euro Crisis, Will There be any Money Left”

Euro Crisis, Federal Reserve, Gold Bullion, Hyper Inflation, Inflation, Markets, Precious Metals No Responses »

Jun 272012

History repeats itself, that is the saying. And with The Euro Crisis Today, Will There be any Money Left? Like so many generations before us, people start off with trading tangible assets, may it be copper or bronze or silver or gold, This is substituted with paper money and derivatives. It then gets abused by politicians, law makers and such. The outcome? Inflation, deflation and economic turmoil. Everyone is suffering from it, the rich, the middle class and the poor.

”

Farage told KWN that ‘What you may see is a very desperate European Union begin to put in place capital controls and things like this … In a sense the proposal that is on the table next week, which is coming from Van Rompuy and Barroso, would be the first step toward that repression.” Farage also discussed the action in the gold market, but first, here is what Farage had to say about the crucial meeting in Europe next week: “I would be very, very surprised at that big summit next week, which incidentally I have a ticket to, not that I’ll be the most popular person in the building, but I just don’t think there is going to be an agreement of any great significance next week. I just don’t see it happening.

”

Farage continues to say that:
“

I hold to the theory that at some point in time, the markets are just going to overwhelm all of this, and then we will face the IMF global bailout situation. It would be better to admit we’ve made a terrible mistake and take losses on the money we’ve already foolishly thrown in and say, ‘Let’s start again boys.’

According to Farage there is something worst overhanging all of this in the banking system which is very much beyond our control. Farage continues…
“

The total amount of money that is needed to shore up the Spanish banking system is more like 400 billion (euros), some people even think 500 billion (euros). The trouble is that if Europe was to do that they would be penniless. Because in theory they’ve got that money in their stability mechanism, although in practice all they’ve got are commitments from countries to put money in. The cash isn’t actually there.

So you throw trillions (of euros) at the thing, but six months later you find that the economy is still contracting, we’re still heading into a downward spiral, unemployment is getting worse, people are rioting on the streets and demanding a different solution.

At the end of the day there is no way that these countries are not going to go back to their own currencies that float on the exchanges. What all of that means is that all of this money that’s been chucked in through the European Union and through the IMF, most of it in the end is going to be lost.

”

Farage also said that people thought communism would end sooner that it would because of its total failure. But through repression, they managed to keep the whole thing together.

”

What you may see is a very desperate European Union begin to put in place capital controls and things like this.”
In a sense the proposal that is on the table next week, which is coming from Van Rompuy and Barroso, would be the first step toward that repression. If they are able to put together a debt union from a European Union, if they are able to have total control over individual member states’ budgets and all of the rest of it, then we are heading very, very rapidly down that road towards repression.
Frankly, that’s the only way they can win now. The only way they can win is to take away from the citizens the ability through the ballot box to do anything about this. They are hellbent on doing it, but they know the electorates, particularly in the North of Europe, are, with every passing day, beginning to realize their little scheme, and we know the markets have no confidence in them.

”

Farage has been a long time gold investor. Here is what he thinks about gold.
“Given the mess that we’re in, and given this threat that we could possibly be facing a 1931-type movement, you have to be in this market. Got to be long gold, no question about it.”

After The Euro Crisis, Will There be any Money Left? , Greece could default, and Spain are getting there bailout, Italy will follow and just now Cyprus have asked for a 4 billion bailout package. so is this a domino effect, we are borrowing from our future generations.
We should go back to gold, start preserving your wealth by investing in gold and silver.

click here for the full article.

The European Banking system is falling apart, So Buy Gold !

Dollar, EU, Euro Crisis, Gold News, Gold Price, Gold Price Video, Hyper Inflation, Markets No Responses »

Jun 162012

The European Banking system is falling apart, look at greece in its great depression and Spain getting there second bailout.

all these foreseen situations will boost Gold’s status as a safe asset.
Hyperinflation is just around the corner, its amazing how people are so influenced by the media and since precious metals have been getting a slating lately, people sell when the prices go down, wake up people this is the time to buy, gold is money, thats why they sell when the price is falling, they dont understand the concept that gold is money, it holds it purchasing value, where as currencies dollar and euro for example are losing there buying value and are headed for collapse,

so I hope you understand that its either Gold or paper, now what would you pick , so the current price is not important, you just need to own some gold, below is a video where James Turk is interviewing John Embry, this interview is a must watch, it always is when these two get together.

The way they see it long before the Bull market reaches its end people wont sell gold they will exchange gold for other productive assets. take the time to watch this interview, its reassuring to know that gold is still a great investment and it will continue to be for a long time to come.

John Embry and James Turk on why the Gold Bull Market isn’t Over

these are interesting times with Greece going to the polls tomorrow, People are getting nervous, wether they should have there money in the bank,Greek have withdrawn millions of Euros from there banks over the last few weeks and have moved them to swiss accounts, all this because a lot believe that Greece could be returning to the drachma. when you have gold you dont let this bother you so much, but either way its Europe is a very bad situation, which could have dire consequences on the world economy.