Posted on 05/19/2013 11:14:04 PM PDT by blam
Gold And Silver True Story Is All About Time - Be Prepared
Commodities / Gold and Silver 2013
May 19, 2013 - 06:10 PM GMT
By: Michael Noonan
We are going to start off with one of the most eye-popping pictures of just one central bank, the privately owned corporate Federal Reserve, and its purported gold holding. Occasionally, we drop a bit of history that most people either ignore or simply do not believe, but this one cannot be conveniently shunted aside.
One of the provisions in the FEDERAL Constitution, the 14th Amendment, [the original, organic Constitution had only 10 provisions, aka The Bill Of Rights], a hornet's nest for an unsuspecting public, we our focus in on the one germane to the graph below. It is found in Section 4:
The validity of the public debt of the United States, authorized by law, including debts incurred for payment of pensions and bounties for services in suppressing insurrection or rebellion, shall not be questioned.
Now, who do you suppose created the public debt by loaning out, first money, then fiat, and now just computer entries?
Who do you suppose is responsible for it?
The question few people think to ask is, Who had it inserted? The NWO works in mysterious ways. but always lethal to the interests of the remaining 99.5%
Now, look below at the chart to get an idea of the magnitude of the outstanding debt that will never be repaid! We do not believe the gold holding claimed is accurate, [if any gold alleged to be held exists, at all], but we do believe the debt portion is accurately depicted. In fact, it has grown larger since December 2012.
Gold versus Public Debt Chart
This is all about a banking crises! Gold and silver are being held as hostages.
The central bankers have their overly-rehypothecated teat caught in the wringer of world- wide demand for physical gold, and they cannot get it out. Their only recourse has been to drive down, crush would be a better description, the fiat [paper] prices of gold and silver so they can "buy" time to acquire whatever physical available to cover their cheating ways.
Ironically, while these financial fiat-wizards are in a panic mode, of sorts, they are able to buy physical at somewhat lower prices and destroy the ability to take delivery for those if- you-do-not-hold-it-you-do-not-own-it paper holders upon demand. "Sorry, but you can only have paper fiat. Didn't you read the fine print?"
As we have been saying since 35 silver, 1800 gold; 30 dollar silver, 1700 gold; 25 silver, 1500 gold, etc, the issue is not price, rather, and most importantly, it is all about having possession of the physical for which there is an insatiable demand. We have been saying this for many months: keep buying physical gold and silver regardless of price. At some point in time, it may not be available to buy, except at substantially higher prices, or not at all. Better to be the proverbial year early than a day late.
Over the last several years, gold and silver have steadily been moving into stronger hands in its flight from greedy, cavalier, and arrogant central bankers who never saw this coming. Why not? They have been habitual drinkers of their own cool-aid.
(snip)
If there was that much gold, it wouldn’t be worth that much.
I totally disagree....could you expain what you mean by that?
Ping for later reading.
Physical gold will always have some tangible value whereas stocks can become worthless.
Never, let me repeat a little louder, NEVER buy gold or silver without taking delivery.
The cost of having and storing silver and gold is of relative unimportance compared to the worth of having it. Gold and Silver should not be considered as investments. Gold and silver of course are investments to many people and some see that as their only value but the value of precious metals is having them in times of calamity.
Through out the history of civilization men have been willing to do most anything to own gold and even silver.
There is little physical gold in the world and it does not have an enormous industrial value. Silver on the other hand is more plentiful but the demand outstrips production. Hoarded silver is being sold to industry. When the hoarders no longer are willing to sell the price will go up.
The value of Silver and Gold do not really change much over time. In 1962 you could by a gallon of gasoline for about $.20. Those same two dimes today will still buy about a gallon of gas, that is 1962 dimes, they were 90% silver.
Precious metals are not really money but are simply a store of wealth, although they have been used as money and can be coined and become true money. Get all you can, now is a very good time to do it.
So silly. There are 147 million ounces of gold in Fort Knox. Oh, and it hasn’t been audited in decades, so who knows how much is missing.
The population (potential market) of the United States is approx. 300 million people?
The only “saturation” that we will see will be in worthless paper FRN’s
I’m not sure what you mean by “when gold starts to move again”.......gold’s purchasing power is roughly the same as it was more than a century ago.
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