USA Gold - 'ANOTHER' weitere Gedanken (ändert gerade mein Weltbild..)

verfasst von black elk, 20.05.2001, 20:01

Date: Sun Dec 07 1997 18:45
ANOTHER (THOUGHTS!) ID#60253:
Will we have"Deja-vu" again?
Some people have followed the gold market from 1970. Some have followed it all their lives, depending on when you were born. Some say they were right, as the market has fallen and they held"no gold". They council from experience and a short life.
But, some have traded gold from times before. Those who trade with the sun know we will never have"Deja-Vu" again. This market is unlike anything from the past. And those with a"short life" of investing will learn from this coming future as gold will show their knowledge was limited to where they stood on the mountain!
Unlike the past, this market has an end. And this end will not be for those who have waited to buy! They see this bottom at $100 or $200 or $250, and they will buy at the turn as no fool should have held from $360! But, I say they will buy only paper if lucky!
All should make ready and be holding metal only, as the turn will move $100+ the first day and $200 the second day as comex is closed! It will trade no more from the 3rd day on! The gold market of your youth will be no more! For those who were smart from experience not to buy at $400, will look at $600 as"the deal of a lifetime".
To close,
Try to live in this outcome and see how different the world will be. It will not be the end of all things, only the changing of most things in"western thought". The"Digital Currencies" will still trade, but we will value them as not before. Anyone who has sold gold they do not have will not be allowed to cover that position. Anyone who has brought gold they do not have will not be allowed to cover that position. Many will lose all they have in a world without honor! Looking back, one will ask,"how could I have thought that noone wanted gold, when more of it was being brought than existed"? Indeed, more gold than exists or will be produced in the next ten years! And some say,"only a fool would say the market was cornered".
During that time, a gold stock in the hand will not trade on an open market! And the government of the country, of the land, of the mine, will no doubt speak with you of new taxes on GOLD!
A year has passed as the winds of change have started to blow. Waste no more time on paper gold, you have suffered enough. Play paper games no more, as the future of your family waits a decision.
Oil is only priced in US$ worldwide. Gold is only priced in US$ worldwide. It is important that this process of dollar backing continue, as it is the only thing keeping this"digital currency" alive! It is also important that all other currencies seek the US$ for backing, as they would not survive on their own. Why would not these countries just hold oil or gold for backing? Because oil is not buried in their back yard and real gold would bankrupt them in a minute. You see, a country can buy all the paper gold they want as that gold remains on deposit at the BIS controlled CBs. But, if they try to buy real gold outside the LBMA system the price would explode and the BIS would not come to rescue their currency. All real bullion outside the system must remain available at production cost prices ( in US$ ) for the cross trading of oil thru the LBMA. There are only two threats to the world fiat currency system at present. The oil states could stop buying US$ for oil and drop all paper gold for real bullion. Or, the masses could buy up all the physical supplies thereby breaking the OIL/GOLD/US$ bond.
The paper gold market controlled by the BIS/LBMA system is, alone equal to more than all the gold in existence. This market works like a hybrid currency using approximately twenty to forty percent of all CB gold in leased form as backing. The paper behind the lease is a form of CB/gold and is used as a"fractional reserve" that has built this huge market. This system has worked and does work well. You have but to look at the good value that is received when dollar debt ( digital currency ) is purchased with oil. The world works! But this system cannot continue. There is a limit to how far gold can be inflated in quantity using"fractional reserve leasing" as backing. The fatal flaw was found in the"forward sales" of unmined gold. The whole system counted on the expansion of cheap mining techniques to supply much more gold at a cheaper price far into the future. This happened to a degree for a few years but then just leveled off.
Now the LBMA continues to flood the market with paper gold as if nothing has changed! But it has, we reached production cost! That wasn’t suppose to happen until the mining industry had raised supply many times what it is today.
To close:
Notice that we say"they use oil to buy gold" and"they use oil to buy dollars". You should try to think in these terms as oil is the real value here. Oil functions as the true gold for the modern world. Indeed, it was only when the world started needing oil for everything that gold was dropped as backing for the US$ and replaced with oil!
The falling price of physical gold only hurts the mining industry ( and it's stockholders ) and leveraged paper buyers. All others benefit from a lower value of gold. Look now as even the western public are buying coins. They help themselves even in the face record Dow Jones.
Will the BIS try to settle this unbalanced market by destroying LBMA? Or will they drive the CBs to lease another 20% in an effort to inflate this"paper gold currency". Just like the fiat dollar, if inflated it loses value. This is not lost to the oil states.


I oil says"I am currency" and I will buy gold for $10,000/oz.. Then gold will be at that price. Then all the bullion reserves will ballance debt for oil states.
If Arabia says,"I will sell oil for $10US a barrel or in gold valued at $10,000" what do you think would happen?
If I had gold I would get oil very cheap! Or if I had only US$ I would have to pay the higher price of $10.
In this day this cannot be, in that day it will look correct. This has been discussed for that time to come.
I will be gone for a time.
Someone once said,"noone wants gold, that's why the US$ price keeps falling". Many thinking ones laugh at such foolish chatter. They know that the price of gold is dropping precisely because"too many people are buying it"! Think now, if you are a person of"great worth" is it not better for you to acquire gold over years, at better prices? If you are one of"small worth", can you not follow in the footsteps of giants? I tell you, it is an easy path to follow! An experienced guide is not needed for this trail, look around you and see. The real money is selling ALL FORMS of paper gold and buying physical! Why? Because any form of paper gold is loosing value much, much faster than metal. Some paper will disappear all together in a fire of epic proportions! The massive trading continues at LBMA, but something is now missing? The CBs are no longer lending! They will not anymore! We have reached production costs. Oil will have nothing of"gold paper" if gold must stay in the ground! And a CB values the wishes of oil far above it's return of leased gold! Hear me now,"if gold tries to go lower than US$ $280 the BIS will buy it OUTRIGHT in the OPEN for all to see"! They must! They will! I know. For no currency system could stand if"Oil" were to bid for gold!
Oil has kept"the deal" as the CBs sold paper to lower golds price! All is fair. Asia will bid for gold not as in the past. They now know that the free flow of oil has more value than the Pacific economy. But the price that was paid may be more than the world currency system can endure.
To close:
The US$ has risen on a flight of fear. That will now end as the LBMA shorts are given to wolves. If this fire burns too hot, gold will turn and it's trading halted. The price of oil will explode as gold becomes the"world oil currency"! Even now oil has locked the IMFs gold, Asia will bid against them no more. We come to extreame times.
Risk not your wealth in paper, we enter a period of truth.

To be continued

be



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gesamter Thread:

• USA Gold - 'ANOTHER' weitere Gedanken (ändert gerade mein Weltbild..) - black elk, 20.05.2001, 20:01
  • USA Gold - 'ANOTHER' weitere Gedanken..Fortsetzung - black elk, 20.05.2001, 20:18
  • Re: USA Gold - 'ANOTHER' weitere Gedanken (ändert gerade mein Weltbild..) - Talleyrand, 20.05.2001, 20:52
    • Mensch Tally du bist vielleicht eine Koriphäe.. - black elk, 20.05.2001, 22:34
      • @be: bescheidener einspruch - Christian, 20.05.2001, 23:56
        • Re: @Christian - JÃœKÃœ, 21.05.2001, 00:07
    • @ Tally - Chrizzy, 21.05.2001, 01:40