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Sunday, October 14, 2012

Gold World News Flash

Gold World News Flash


Riots & Money Fleeing The Euro Into Gold & Silver

Posted: 13 Oct 2012 10:30 PM PDT

from KingWorldNews:

King World News received the following communication from the largest bullion dealer in Norway. The source wrote to KWN, "Today was not a good day being a Norwegian and believer in personal freedom. Attached are some thoughts from Norway." This King World News exclusive piece was written by Martin Mesicek of Gold Source, and he concludes the report by discussing what citizens of the EU are doing right now in the gold and silver markets.

October 13, 2012 (King World News) – This is further evidence of how disconnected the political elite has become from the people. I wonder what the citizens of troubled EU countries feel about a peace prize being awarded to a technocratic elitist project that has practically tied the hands and feet of any sovereign fiscal response to the ongoing crises by governments in countries such as those of Greece and Spain. I can only hope they are laughing. The troika's demand for cuts and slow and painful structural reforms, in exchange for further indebtedness, does not create peace in Europe — quite the opposite. This is evident in the streets, where riots and protests are growing in intensity.

Read More @ KingWorldNews.com


Bitcoin Nerd

Posted: 13 Oct 2012 08:17 PM PDT

BFL the gold standard in Bitcoin Mining equipment.Gold and silver are money but bitcoin gives you the ability to transfer wealth quickly and securely anywhere in the world without the scum bag banks.


GATA secretary's Phoenix radio interview posted on Internet

Posted: 13 Oct 2012 07:35 PM PDT

9:32p ET Saturday, October 13, 2012

Dear Friend of GATA and Gold:

Your secretary/treasurer's interview today on the "Your Wealth Preservation" program on KKNT-AM960 in Phoenix, Arizona, has been archived on the Internet here:

http://salem-kkntam.media.streamtheworld.com/audio/your_wealth_preservat...

The program begins at five minutes into the archived material.

CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.



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Fred Goldstein and Tim Murphy open All Pro Gold

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Join GATA here:

New Orleans Investment Conference
Wednesday-Saturday, October 24-27, 2012
Hilton New Orleans Riverside Hotel
New Orleans, Louisiana
http://www.neworleansconference.com/

* * *

Support GATA by purchasing DVDs of our London conference in August 2011 or our Dawson City conference in August 2006:

http://www.goldrush21.com/order.html

Or by purchasing a colorful GATA T-shirt:

http://gata.org/tshirts

Or a colorful poster of GATA's full-page ad in The Wall Street Journal on January 31, 2009:

http://gata.org/node/wallstreetjournal

Help keep GATA going

GATA is a civil rights and educational organization based in the United States and tax-exempt under the U.S. Internal Revenue Code. Its e-mail dispatches are free, and you can subscribe at:

http://www.gata.org

To contribute to GATA, please visit:

http://www.gata.org/node/16



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Opinion Around the World Is Changing
in Favor of Gold -- Find Out Why

When Deutschebank calls gold "good money" and paper "bad money". ...

http://www.gata.org/node/11765

When the president of the German central bank, the Bundesbank, pays tribute to gold as "a timeless classic". ...

http://www.forbes.com/sites/ralphbenko/2012/09/24/signs-of-the-gold-stan...

When a leading member of the policy committee of the People's Bank of China calls the gold standard "an excellent monetary system". ...

http://www.forbes.com/sites/ralphbenko/2012/10/01/signs-of-the-gold-stan...

When a CNN reporter writes in The China Post that the "gold commission" plank in the 2012 Republican platform will "reverberate around the world". ...

http://www.thegoldstandardnow.org/key-blogs/1563-china-post-the-gop-gold...

When the Subcommittee on Domestic Monetary Policy of the U.S. House of Representatives twice called on economist, historian, and gold standard advocate Lewis E. Lehrman to testify. ...

World opinion is changing in favor of gold.

How can you learn why and what it will mean to you?

Read the newly updated and expanded edition of Lehrman's book, "The True Gold Standard."

Financial journalist James Grant says of "The True Gold Standard": "If you have ever wondered how the world can get from here to there -- from the chaos of depreciating paper to a convertible currency worthy of our children and our grandchildren -- wonder no more. The answer, brilliantly expounded, is between these covers. America has long needed a modern Alexander Hamilton. In Lewis E. Lehrman she has finally found him."

To buy a copy of "The True Gold Standard," please visit:

http://www.thegoldstandardnow.com/publications/the-true-gold-standard



Beta Testing QE 4 - "Large Amount" Of $100 Bills Stolen From Federal Reserve

Posted: 13 Oct 2012 05:46 PM PDT

A month ago, just before the launch of QEternity, we caught a rare glimpse of what may be the beta test of one of the Fed's latest ploys in "unconventional monetary easing" when bank robbers decided to throw money out of their car in central LA during a police pursuit. Today, a month later, and 4 weeks after Bernanke's latest open-ended monetary easing, incorrectly reference virtually everywhere as QE3 (as Twist has had more flow impact on the market than QE 1 and 2 combined) has proven to be, at least so far, an absolute failure, we learn what perhaps may be an even more "effective" approach to juicing the monetary supply with quite literally brand new, freshly printed Benjamins (the Franklin varietal; the Bernanke will have one or more separator commas). From AP: "Federal authorities are warning merchants to be on the lookout for stolen $100 bills that aren't supposed to go into circulation until next year. The bills were stolen from an airplane that landed in Philadelphia from Dallas Thursday morning. The plane had been transporting money from the Federal Reserve facility in Dallas."

Of course, anyone who has seen airplanes carrying Fed cargo, knows that robbing the ultra secretive GLD warehouse in London of all of its tungsten gold is child's play by comparison. And yet this is just what officially happened. Not only that but the stolen shipment is of $100 bills that will be introduced into circulation next year, giving counterfeiters a solid head start on preparations to further assist the Fed in diluting the US currency in circulation which as per the H.6 continues to rise by about $3 billion per week, and $90 billion per year and rising fast, clocking in at a record $1.074 trillion at last check.

More from AP:

The theft was reported by a courier service transporting the C-notes when the shipment arrived Thursday afternoon at the Federal Reserve Building in East Rutherford, N.J. Officials then discovered some of the money was missing.

 

Investigators said these Benjamins are easy to spot. The new bills have sophisticated elements to thwart counterfeiters, like a disappearing Liberty Bell in an orange inkwell and a bright blue security ribbon.

 

The FBI said a "large amount'' of bills were stolen, but agents aren't giving specifics.

 

The $100 bills are not scheduled to be released into circulation until next year.

So while the good news from the above is that the Fed will not be adopting the EUR in its plot to completely destroy the US currency in order to inflate away Federal debt that is now rising at a pace of $2.33 for every new dollar in GDP, the bad news is that in order to qualify for what may be the harbinger of QEs to come, one needs to have a good tracker of cargo planes carrying currency cargo. Because apparently all one needs to take possession of said cargo going forward is to politely say "please."

h/t Nihilarian


In The News Today

Posted: 13 Oct 2012 03:19 PM PDT

My Dear Friends,

You have to consider the possibility that not only are economic indicators being skewed for election, but so are key markets.

Crude's multi dollar flop around $100 looked quite professionally induced. The 18 days of body blocks in gold at primarily $1775 cash was not an accident nor did it occur

Continue reading In The News Today


My Case Against the Case Against The Case Against Gold

Posted: 13 Oct 2012 01:13 PM PDT

All thing considered, it seems clear that the long-term real returns of gold have been poor (compared to stocks and bonds), and [B]I see no reason to expect long-term price appreciation for gold to be above inflation. In fact, as with any non-income producing asset, it would be unreasonable to expect gold to provide significant positive real returns over an indefinite period of time…[B][B]I would argue that buying gold is a short-term gamble that is completely dependent on the unpredictable vagaries of perception, market psychology and the “greater fool” theory…While it is true that gold can be a good short-term trade and offer superior returns over shorter periods (as has been the case in recent years) I [B]believe that stocks will continue to substantially outperform gold over time. [/B][/B][/B]*[Let me explain these less than popular conclusions further.] [/B]Words: 1258 So says [B]Ted Barac [/B]in edited excerpts from his article* on Seeking Alpha entitled ...


Exclusive - Riots & Money Fleeing The Euro Into Gold & Silver

Posted: 13 Oct 2012 12:21 PM PDT

King World News received the following communication from the largest bullion dealer in Norway. The source wrote to KWN, "Today was not a good day being a Norwegian and believer in personal freedom. Attached are some thoughts from Norway." This King World News exclusive piece was written by Martin Mesicek of Gold Source, and he concludes the report by discussing what citizens of the EU are doing right now in the gold and silver markets.


This posting includes an audio/video/photo media file: Download Now

This Past Week in Gold

Posted: 13 Oct 2012 10:04 AM PDT

The divergence between gold and stocks has resulted in a sell off in both stocks and metals this week. If past history is a guide, a multi week correction is now in progress. Read More...



Facts Every Gold GLD ETF Investor Must Know

Posted: 13 Oct 2012 05:40 AM PDT

Without any doubt, the amounts invested in the Gold ETF “GLD” are enormous. The ETF lowered the barriers for most investors to profit from gold’s long term bull market. For institutional investors, GLD became one of the easiest ways to invest in the rise of the price of gold, as they can’t easily buy physical gold. However investing in an ETF like GLD or SLV carries inherent risks, the most important one being the failure to fully back the shares with physical gold. This means that in a worst case scenario, which is not unlikely given the instability of the world economy, an investor could end up holding only paper. The primary objective of “investing in precious metals” is to benefit from safety; a paper based gold ETF is not exactly the right answer to that objective.


Gold COT Report Short-term Bearish

Posted: 13 Oct 2012 05:37 AM PDT

The Gold Cycle looks fairly easy to read; once you strip out any biases you may carry.  Quite simply, it’s screaming Investor Cycle top and warning of a significant decline.   Sure when viewed through the idea of endless printing and world crises’, one could easily suggest or envision much higher prices before any significant pullback.  This type of thinking is actually what drives IC tops, an unrelenting belief that a Cycle will continue higher based on short term speculative interest and a fear of missing another move.


Stock Market Investors Confident Despite Global Recession Threat

Posted: 13 Oct 2012 05:24 AM PDT

It’s been a most unusual - some say crazy - year for global stock markets, certainly including that of the U.S. The global economic recovery from the 2007-2009 financial collapse stalled last year and continues to worsen this year, with the International Monetary Fund cutting its forecasts for global economic recovery yet again, including for the U.S., and warning four days ago that risks of the world dropping back into a global recession “are alarmingly high”, and that “no significant improvements appear in the offing.”


Gold: Is It Really In a Pricing Bubble?

Posted: 13 Oct 2012 02:11 AM PDT

Guest post by Jacob Harrison | Australian Bullion Company - As the price of gold continues to climb, we are starting to hear some analysts warning of a gold bubble. Others, of course, contend that diversifying your investment portfolio with physical gold is still a wise thing to do. So who do you believe and [...]


This posting includes an audio/video/photo media file: Download Now

Preparing for the Collapse

Posted: 13 Oct 2012 02:00 AM PDT

A good defense is still a good idea, we feel strongly about the possibliity of collapse of the current financial order... there are some things even you can do as a hedge against further economic meltdown, if you dont like what is happening, choose not to spend your money there. Boycotts are an active way to protest against the overwhelming amount of corporate interest in you.



Gary Wagner–Sideways Precious Metals Prices Are Your Friend 11.Oct.12

Posted: 12 Oct 2012 12:14 PM PDT

www.FinancialSurvivalNetwork.com presents

Gary Wagner of www.TheGoldForecast.com joined us for a technical discussion of the precious metals markets. He's surprised by the dollar's resilience in the face of an imploding Euro and economic meltdowns around the world. Short of 25 percent interest rates, inflationary expectations being permanently dashed and discovery of huge gold and silver deposits that greatly expand supply, ultimately the dollar will fall and the metals will rise. As Gary said, "They'll run out of gold long before they run out of ink and paper."

Go to www.FinancialSurvivalNetwork.com for the latest info on the economy and precious metals markets


This posting includes an audio/video/photo media file: Download Now

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