Panic Is Near if "The Gold Is Gone"

Insight ^ | 3 March 2003 | Kelly Patricia O'Meara

[goldilucky]

I agree with your point quite well. Right now the gold market is rigged because of J.P. Morgan, Goldman Sachs, IMF, the Federal Reserve, manipulating the POG. I'm not selling any stock as they would just love for us stockholders to do that so they can jack up the price and hoard it all to themselves.

[Bob J]

Tonight at 6pm on RadioFR! Interviews with Grover Norquist, John Hager and Michael Zak! Plus, Doug from Upland interviews Ted Hayes, homeless advocate and strong supporter of military action in Iraq!

Click HERE to listen LIVE while you FReep! HIFI broadband feed HERE!

Click HERE to chat in the RadioFR chat room!

Miss a show?

Click HERE for RadioFR Archives!

[goldilucky]

Of course, when the price explosion comes, "they" will blame it on Iraq. You can see what excuses "they" are lining up to avoid a scandal, congressional investigation and jail time. I'll be interested in seeing how many of them board their private planes to head for places with no extradition treaty.

I'd like to see them in jail for rigging the POG. I'm talking about J.P. Morgan, Goldman Sachs, the IMF(private corporation), the Federal Reserve (private corporation). When you talk about scandals, the first thing that comes to my mind are are these entities. Those who own real money own the world. And those people are the ones named as mentioned. They fund wars, and they hoard by price fixing gold making us believe we'll never see the light of day for gold to head back up to $800/troy oz. This funny money we carry around used to be redeemable in gold. But that public notice has been taken off the dollars but I happen to have an original 1963 $2 bill that has such a notice stated on it.

[First_Salute]

I happened to be in a sporting goods store last week, collecting staples for Al-Qaeda History Month, and while walking by the gun racks, was astonished to find everything worth three times what the prices were a couple decades ago when I last looked.

[WatchNKorea]

bttt

[WatchNKorea]

The key to the posted story is that the central banks lent gold to the bullion banks, who then sold the same gold over and over again in paper form.....drugged the watchdog that should have been barking at Greenspan's and Clinton's hot money splurge of the Nineties, a "false prosperity" if I ever saw one."

Gotcha!!!! BTTT for all to review!!!

[Cicero5]

Gold is increasing for several reasons:

The value of the US dollar vs other currencies is declining, and therefore isn't the safe haven it one was

High levels of corporate debt are putting a drag on earnings thus making equities a less attractive investment

The economy is being drven by consumer spending which is being financed by people pulling cash out of their houses creating a risky bubble that will explode when interest rates move up again

These factors have created a climate of uncertainty that bodes well for gold. I think the war in Iraq is not the primamry reason for the rise in gold. It affects it in the short run but the primary trend for the metal is bullish. The price of gold is being manipulated by players in the market with large short positions. My personal opinion is that you can't fight the market forever and gold has a lot more upside (in the longer term) than downside.

Oops! I guess this makes me one of the lunatic fringe!