Tag: Precious metals

Jul 11 2010

I’m Calling “Bull$hit!”

In the most recent week it was divulged by the WSJ that the Bank of International Settlements (BIS) official gold holding have tripled! Where did all this gold come from and why is it suddenly moving around remains a mystery.

Why should care? Because gold is being recognized as the worlds only real money once again and colored paper is being called into question … even by banks.

However yesterday the official denial arrived in the WSJ when they reported this:

“The operations concerned were purely market operations with commercial banks,” the BIS said in an email statement.

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Jun 10 2009

The Coming COMEX Default

The shear amount of information uncovered is staggering. Hopefully it will keep your interest.

Let me warm up here with a couple of interesting quotes.

“Gold was not selected arbitrarily by governments to be the monetary standard. Gold had developed for many centuries on the free market as the best money; as the commodity providing the most stable and desirable monetary medium.”

Murray N. Rothbard

Why Gold and Why Now?

“If you don’t trust gold, do you trust the logic of taking a beautiful pine tree, worth about $4,000 – $5,000, cutting it up, turning it into pulp and then paper, putting some ink on it and then calling it one billion dollars?”

Kenneth J. Gerbino

Ever wonder why banks and governments like a paper currency system? Why they fully embraced the Keynesian theory of deficit spending?

“Deficit spending is simply a scheme for the ‘hidden’ confiscation of wealth. Gold stands in the way of this insidious process. It stands as a protector of property rights.”

Alan Greenspan

That one is a classic considering the source.

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