Gold: NOT The “Safe-Haven” You Think It Is

Started by MikeWB, September 12, 2008, 04:08:48 AM

Previous topic - Next topic
Print
Go Down Pages1
User actions

MikeWB

September 12, 2008, 04:08:48 AM
QuoteGold: NOT The "Safe-Haven" You Think It Is
9/5/2008 2:30:00 PM

According to mainstream financial wisdom, when the plane of the U.S. economy runs out of fuel in mid-air and starts hurtling toward the earth's surface, investors do have one parachute of safety: Precious Metals.
Alas, things aren't so hunky dory. Over the past year, passengers aboard Flight Wall Street have repeatedly hit the "Eject" button -- only to find that gold's parachute fails to open.
Take, for instance, the just-experienced "Carnage" of Thursday, September 4. On that day, the U.S. stock market suffered a complete system breakdown: the Dow Jones Industrial Average plunged 344.65 points into fresh bear market territory.
If ever there was an event to release the precious metal parachute, this across-the-Big-Board plummet SHOULD have done so. Yet -- at the day's end, gold followed stocks down, below the psychologically important $800 per ounce level.
(Will Gold Provide Shelter From the Financial Storm? The September 2008 Elliott Wave Financial Forecast reveals whether NOW is the time to park your money in precious metals. Get the full story today)
I have two-and-a-half words for you: "What Safe-Haven?" Over the last year, every major engine of the U.S. economy -- from real estate to retail, employment to energy, and credit to commodities -- has malfunctioned. Yet, gold prices are down more than 20% alongside a 15% decline in the Dow.
Which brings us to Main Street's "exception" to the stocks down, gold up rule: A greenback rally to 11-month highs. To wit: "Gold Drops On Dollar Gains. The dollar's strength or weakness remains the number one factor in determining the direction of gold." (Sept. 3 Reuters)
Sorry Charlie, such logic does not fly. And to prove it, the July 21, 2008 Short Term Update put together a myth-busting chart of the 52-week correlation between the U.S. Dollar Index & gold, and stocks & gold since 1999. (Reprinted below)



Amidst the confusion of failed cause-and-effect analysis, it's easy to lose track of actual events; namely this: Since setting a record high on March 17, gold prices have lost more than 20% in value. In the days leading up to the reversal, Elliott Wave International President Bob Prechter went against the bullish gold bandwagon and presented a special March 14 Elliott Wave Theorist. In Bob's words:
"What's Next For Gold? If the relationship shown here holds true, and if gold behaves as it did in 1980, it should peak concurrently with the economy."
1) No link? Select some text from the story, right click and search for it.
2) Link to TiU threads. Bring traffic here.

mobes

#1
September 12, 2008, 07:10:21 AM
Don't be fooled. Gold is a safe haven. The trouble is attempting to find any product if it's still around. It is only a safe have haven if you already own gold and silver(preferably physical). If you don't own gold now and you're attempting to acquire some, good luck. The PPT is attempting to discourage people from owning gold and all metal by beating down their prices. Just last year Platinum was at $2200/oz. Today it's around $1300/oz. Can someone explain the logic behind that, with all the financial stress going on? It's very clear that this is market manipulation!!!

Roy Hobs

#2
September 12, 2008, 12:07:06 PM
".....It's very clear that this is market manipulation!!!"

Of course it is 'manipulation'.

But what I have been saying is that it can and will always be manipulation.  

My question to anyone out there is..............Can Gold act independently of the Jewish Cartell????  

If someone can prove to me that Gold acts/moves "outside" of criminal Jewish power, I will feel much better about taking it up the ass these past few months.  Maybe, just maybe it will go back up and I can get my orginal investment back.

However, the only way that I see how Gold will ever be 'outside' of their influence is if they ever lose their power.  Which frankly..............I'll be dead before that ever happens.  

The human is one fuckin dumb animal and I'm embarrassed to be human.  I can't take it anymore.  

Watching the news yesterday was one of the most depressing days I've ever experienced.  All of the 9-11 memorial sympathy shit just really pushed me over the edge.  

Where can one go to escape this idiocy???

MikeWB

#3
September 12, 2008, 02:10:28 PM
Here's the gold performance over the past year:


Worst of all, it made no dividends.
1) No link? Select some text from the story, right click and search for it.
2) Link to TiU threads. Bring traffic here.

Roy Hobs

#4
September 12, 2008, 06:34:41 PM
Worst of all, it made no dividends.


Salt in my wound.  Thanks.

mobes

#5
September 12, 2008, 08:01:09 PM
Ouch....that's gotta hurt. There is however an ETF where you can buy gold as a bull or as a bear. That's how you can make money in this kind of environment. Then again, I don't trust ETFs that much....

CrackSmokeRepublican

#6
September 12, 2008, 09:43:25 PM
For people who believe the "FIAT" money system - Bretton Woods system will collapse, Gold and Silver may still hold value. These folks are like the Y2K folks though. A collapse will come but at that time people will probably resort first to bartering since the "Gold-Silver" in circulation will be minuscule.  Kind of like Germany-Japan in the late 1940s when packs of American cigarettes were considered serious money.
After the Revolution of 1905, the Czar had prudently prepared for further outbreaks by transferring some $400 million in cash to the New York banks, Chase, National City, Guaranty Trust, J.P.Morgan Co., and Hanover Trust. In 1914, these same banks bought the controlling number of shares in the newly organized Federal Reserve Bank of New York, paying for the stock with the Czar\'s sequestered funds. In November 1917,  Red Guards drove a truck to the Imperial Bank and removed the Romanoff gold and jewels. The gold was later shipped directly to Kuhn, Loeb Co. in New York.-- Curse of Canaan

CrackSmokeRepublican

#7
September 12, 2008, 10:09:12 PM
The continuance of the "present gold standard" means:
Ruin;
Rage;
Riots;
Debts;
Crime;
Strikes;
Tramps;
Poverty;
Mortgages;
Hard times;
Sheriff sales;
More panics;
Less churches;
Close factories;
Business failures;
Fewer preachers;
More soup houses;
Homeless families;
A debauched ballot;
Twenty-cent wheat;
Less improvements;
Uneducated children;
Suffering and misery;
Crowded alms houses;
A dearth of marriages;
Two-dollars-a-ton hay;
Idleness and stagnation;
Two-cent-a-pound hogs;
Five-cent-a-pound butter;
Ten-dollars-a-head mules;
Falling prices for all product;
Hungry women and children;
Ten-cent-a-bushel potatoes;
Pauper prices for vegetables;
Two-dollars-and-a-half horses;
A contraction of the currency;
A dear dollar and a cheap man;
Twenty-five-cents-a-day labor;
Half clothed women and children;
Coxey armies marching through the land.
--People's Party Paper, 16 October 1896 (reprinted from Times-Democrat, Idaho)

A Jew Run Gold Standard is not good.


A glimpse of how the Rothschild Jews ruined the USA back in the 1890s. The US Populist party analyzed Jew economic treachery quite closely back in the day.

http://projects.vassar.edu/1896/morganbonds.html
After the Revolution of 1905, the Czar had prudently prepared for further outbreaks by transferring some $400 million in cash to the New York banks, Chase, National City, Guaranty Trust, J.P.Morgan Co., and Hanover Trust. In 1914, these same banks bought the controlling number of shares in the newly organized Federal Reserve Bank of New York, paying for the stock with the Czar\'s sequestered funds. In November 1917,  Red Guards drove a truck to the Imperial Bank and removed the Romanoff gold and jewels. The gold was later shipped directly to Kuhn, Loeb Co. in New York.-- Curse of Canaan

AK3N470N

#8
September 12, 2008, 10:11:54 PM
Quote from: "CrackSmokeRepublican"For people who believe the "FIAT" money system - Bretton Woods system will collapse, Gold and Silver may still hold value. These folks are like the Y2K folks though. A collapse will come but at that time people will probably resort first to bartering since the "Gold-Silver" in circulation will be minuscule.  Kind of like Germany-Japan in the late 1940s when packs of American cigarettes were considered serious money.

I see it kinda the same way you do. Whenever I hear the chicken little stories about a full scale crash or meltdown it makes sense to a point. For example: In the middle of a crash and money becomes useless like they all tell us will happen, who are you supposed to negotiate your gold with to buy food? Why would people still be working at the grocery store if they aren't getting paid?

I can understand using gold to buy a foreclosed house or a business but as far as survival you would be better investing in food before the collapse I would think. Also, if there is a riot at the grocery store and everything runs out, nothing more is going to be coming in because the truck drivers etc won't be getting paid. So what is all the gold for...

Unless when they say meltdowns to be the worst in history they really just mean people will be poor but still able to collect some money.

CrackSmokeRepublican

#9
September 12, 2008, 11:38:09 PM
THE GOLD BALLOON.


"The gold dollar has been raising in its purchasing power for the past twenty years. Legislation has created a new demand for gold, and this increased demand has so raised the price of an ounce of gold, that the dollar buys more and more of the products of toil. It is getting beyond the reach of those who produce the wealth of the world. The balloon dollar is a good thing for the financier who happens to be in the basket, but farmers and laboring men are not in the basket. The dollar must be brought to earth again, where it can come into closer contact with the people as a whole." --W. J. Bryan





http://projects.vassar.edu/1896/1013slpd.html

Sound Money, 20 August, 1896
We Want No Crown of Thorns, No Cross of Gold-- Like This.
After the Revolution of 1905, the Czar had prudently prepared for further outbreaks by transferring some $400 million in cash to the New York banks, Chase, National City, Guaranty Trust, J.P.Morgan Co., and Hanover Trust. In 1914, these same banks bought the controlling number of shares in the newly organized Federal Reserve Bank of New York, paying for the stock with the Czar\'s sequestered funds. In November 1917,  Red Guards drove a truck to the Imperial Bank and removed the Romanoff gold and jewels. The gold was later shipped directly to Kuhn, Loeb Co. in New York.-- Curse of Canaan

CrackSmokeRepublican

#10
September 12, 2008, 11:52:42 PM
Well, AK3N470N from your remarks it looks like you see the future state quite accurately.

I assume that when the lid on the Jewish Fed fake money system is finally pulled off, people will resort to private banking with either a new "state currency" or some substitute like Gold or Silver or something else like another "cigarette" currency.  Currencies naturally develop actually in all societies through out history. They have a life and a death that tends to follow the ruling "State" power of the time.  I think Gold and Silver historically have been considered sound money because they are both hard to "create", they are hard to counterfeit, they are portable, and they have durability. This also holds true for many "goods" as well in bartering.  Worst case for the USA/UK would be cities starving and trying to ransack the Countryside for "food" or "capital" grain-livestock. This happened in the Soviet Jew Union in the 1920s and 1930s. The Bolshevik Jews got a lot of mileage out of having the starving cities sending out goons to ransack and steal the farmers grain harvests.  A faint echo is seen also in the French Revolution and English Civil war. Typically a Jew middle man was screwing over everybody. This also began in Germany in the 1920s even though most of the "farmers" had some pricing power. They went with Hitler because he stood for taking out Jewish manipulation in the transfer of goods between country and city. Jews in the Ukraine had run this game for literally centuries, playing each sector off the other as middle men and price setters.

Just my .02 cents of a nearly worthless currency.
After the Revolution of 1905, the Czar had prudently prepared for further outbreaks by transferring some $400 million in cash to the New York banks, Chase, National City, Guaranty Trust, J.P.Morgan Co., and Hanover Trust. In 1914, these same banks bought the controlling number of shares in the newly organized Federal Reserve Bank of New York, paying for the stock with the Czar\'s sequestered funds. In November 1917,  Red Guards drove a truck to the Imperial Bank and removed the Romanoff gold and jewels. The gold was later shipped directly to Kuhn, Loeb Co. in New York.-- Curse of Canaan

CrackSmokeRepublican

#11
September 13, 2008, 12:17:35 AM
Remember too, that the European Jew Bankers saw the Populist movement in the USA as very threatening. Why? Because it was educated and aggressive and largely Christian. The farmers smelled B.S. from the Bankers at 50 feet. They still do today even in the growth of Jew controlled corporate farms. The Jews-Rothschilds had wanted to re-establish a "National Bank" for 80 years at least since Jackson's time in office. The Populists crusaded against a "Gold Standard" with a price artificially set by the Rothschilds in London each day at noon. The lack of money in circulation allowed the Jewish money lenders to basically rape everybody in the manufacture, transport and sale of "real" goods.  

Well, the Banking Jews co-opted this message "against" Gold and for a Pro-Silver by ditching "Gold" and "Silver" altogether by creating the Federal Reserve system and  "gold backed" currency.  The Hegelian Jew dialectic was at play over several generations. The near wipeout of the real economy during economic crises allowed the proposal of a Jew Run Central Bank issuing "paper" rather than real coinage into circulation. Instead of Silver entering the economy, the Jews offered "paper" instead. To this year, it has been accept as a legitimate currency of the realm world wide.
After the Revolution of 1905, the Czar had prudently prepared for further outbreaks by transferring some $400 million in cash to the New York banks, Chase, National City, Guaranty Trust, J.P.Morgan Co., and Hanover Trust. In 1914, these same banks bought the controlling number of shares in the newly organized Federal Reserve Bank of New York, paying for the stock with the Czar\'s sequestered funds. In November 1917,  Red Guards drove a truck to the Imperial Bank and removed the Romanoff gold and jewels. The gold was later shipped directly to Kuhn, Loeb Co. in New York.-- Curse of Canaan

CrackSmokeRepublican

#12
September 13, 2008, 12:36:51 AM
By the way  Rob Roy, AFAIK the Gold Market is seasonal and corresponds inversely to the dollar.
With these bailouts and debaucheries, you will see either the dollar eventually trashed or the system basically nationalized due to Derivatives, OTC failures to pay, etc. -- if Gold is decided to be the next great thing, it will rocket.

Problem is that the entire world is in a too the death race to the bottom with their currencies in Asia, Europe and the Americas - various countries are perceived as "value" for a few months until traders with high leverage want to move the market. The dollar is being inadvertently "rescued" by the world currency traders right now, some with greed intents and some with fear intents - these fears may not have anything to do with what a dollar can buy in the USA.  

Robert Prechter is a guy to be read at these times.
After the Revolution of 1905, the Czar had prudently prepared for further outbreaks by transferring some $400 million in cash to the New York banks, Chase, National City, Guaranty Trust, J.P.Morgan Co., and Hanover Trust. In 1914, these same banks bought the controlling number of shares in the newly organized Federal Reserve Bank of New York, paying for the stock with the Czar\'s sequestered funds. In November 1917,  Red Guards drove a truck to the Imperial Bank and removed the Romanoff gold and jewels. The gold was later shipped directly to Kuhn, Loeb Co. in New York.-- Curse of Canaan

CrackSmokeRepublican

#13
September 13, 2008, 12:44:03 AM



New Road, 21 June 1896
TO BE DECIDED AT CHICAGO NEXT MONTH.
Grover (Soliloquizing): "How happy I could be with either were the other fair charmer away."
(Gold Maids from New and Old England): "Don't look at those brazen Silver Hussies, Grover, we are the stuff!"
Silver South and West: "Don't you like our style? Come, Grover, throw off that hypnotic spell and flirt with us."
After the Revolution of 1905, the Czar had prudently prepared for further outbreaks by transferring some $400 million in cash to the New York banks, Chase, National City, Guaranty Trust, J.P.Morgan Co., and Hanover Trust. In 1914, these same banks bought the controlling number of shares in the newly organized Federal Reserve Bank of New York, paying for the stock with the Czar\'s sequestered funds. In November 1917,  Red Guards drove a truck to the Imperial Bank and removed the Romanoff gold and jewels. The gold was later shipped directly to Kuhn, Loeb Co. in New York.-- Curse of Canaan

Anonymous

#14
September 13, 2008, 08:13:45 AM
Amero.  I think sometimes we forget about the plans for NAU and Amero that are around the corner...
Print
Go Up Pages1
User actions