Morning Golden Jibber Jabber

Stacy Summary: More golden jibber jabber.

Gold at 1095.20

Share this page via FacebookShare this page via Twitter
GoldMoney-The best way to buy gold and silver

39 Responses to Morning Golden Jibber Jabber

  1. Man made global warming is a fraud designed to steal from the poor and give to the rich. Robin Hood for the banksters and globalists.

  2. Iran, Syria deny Israeli claims over arms cargo

    Tehran has dismissed claims that a container intercepted by Israel was carrying ‘hundreds of kilograms of Iranian-made arms’ to Lebanon.

    Iranian Foreign Minister Manouchehr Mottaki, in a joint press conference with his Syrian counterpart Walid Muallem on Wednesday, dismissed the allegations out of hand.

    His remarks were backed by Muallem, who asserted that contrary to Israeli claims, “the ship was not carrying Iranian-made weaponry for Syria or Lebanon,” but was in fact carrying Syrian-made items for consumption in Iran.

    “Unfortunately a number of pirates disrupt business activities and frequenting of the ships, these pirates sometimes act in the name of [Iranians],” said the Syrian Foreign Minister.

  3. I was just about to post that, Dante! Here’s my favorite quote from that Sprott report:

    The debasement of paper money is going to accelerate and the investment demand for gold and silver is ultimately going to go berserk.

    Here’s another gold news item, an act of war:

    Israeli military attacks and takes over Iranian ship
    Wednesday November 04, 2009 09:35 by Saed Bannoura – IMEMC News

    An Iranian ship was attacked in international waters in the Mediterranean Sea by the Israeli navy early on Wednesday morning, while apparently on its way to Lebanon.

    According to Israeli media sources, no Cabinet meeting was held in advance of the decision to attack the ship, and a small number of Cabinet officials may have given the go-ahead for the attack.

  4. Have you been MOPE’d?

    “Con Job in the Financial Markets Continues”,
    October 23, 2009

    http://tinyurl.com/yz63cpj

  5. If they’re promising to keep rates low, what will that do to the USD-Gold carry trade?

    Blame Willy Nilly(from Zero Hedge)

    Is it possible that gold could move up in value to say $1,400 and at the same time the relative values of the Dollar/Euro/Yen/ Sterling would remain stable (+/- 2%)?

    One month ago I would have said that would not be possible. Today it looks like a wild card that could come in.

    There is a biblical amount of liquidity available globally at a cost less than 1/2%. In that environment gold is an increasingly attractive asset class. Gold doesn’t pay interest, but neither do T Bills. India just said so. We will see more of this.

    Would a move up in the price of gold against the major currencies precipitate policy responses by Central Banks?

    more…

  6. WASHINGTON (Dow Jones)–U.S. Federal Reserve officials on Wednesday left interest rates near zero to bolster the economic recovery, while upgrading their reading of the economy.

    At the end of its two-day meeting, the Fed’s rate-setting committee affirmed its plan to keep interest rates at a record low for an extended period in the face of still high unemployment and low inflation.

    more…

  7. A little bit of bed-time reading for all you conspiracy theorists out there. This guy has a stash of them! Don’t worry, some are related to Gold and Fiat Paper money:

    http://www.bbc.co.uk/blogs/thereporters/stephanieflanders/2009/09/g20_meeting_doing_what_needed.html#P86002068

  8. Viva drunk Frenchmen!!!

    http://www.huffingtonpost.com/2009/11/04/drunk-frenchman-opens-bot_n_345345.html

    Everyone must file this trick away in their memory banks for future reference.

  9. 1 professor’s outlook:

    The death of the USA Empire in 2020

    http://inpoints.blogspot.com/2009/11/death-of-usa-empire-in-2020.html

  10. All this talk of gold and it’s only gone up by 5%.. If I had ALL my savings in gold, I would have been better off buying a record in a charity shop and selling on ebay for double. i.e. £1 for £3 (to account for fees).

    Us poor Resonance bong smokers can only imagine how much you would need in gold to have already done well!

    Still, hopefully I’ll have my £1 of savings in gold soon and wait to see it double. Even if just to say ‘I told you so’ to all those who tell me it’s a risk and would rather settle for a 3% savings account (and loose money as the pound drops – they don’t get it).

  11. How does one make an account here? I tried logging in with my wordpress username, but it doesn’t work….Thanks and cheers!

  12. davem, I bought gold some years back at $654, the price immediately dropped, as did my stomach.

  13. @Stacy & Danny, in the beginning was the word and word was with Max, and the word was Max. The same was in the beginning with Max. All things aremade by him; and without him was not anything made that was made. In him was life: and the life was the light of men. And the light shineth in darkness; and the darkness comprehended it not. (David 1:1-5)

  14. everyone keeps waiting for this “pullback”

    I have since 950 but I am still down on some gold i purchased with canadian dollars. right trade, wrong currency. that tellsme there is more room up considering it has only been currency movemnets so far.

  15. What I love with gold is that the average already extracted gold available prer inhahitant has been quite stable over ages.
    The more people and technology, the more gold extracted.
    It do not prevent grow but it flaten bubbles and crash because nobody can cheat.
    The bubble and crash are rare because gold “discoveries”like the stealing of native american gold or california gold rush are uncommon events.
    THe fact that even with a lot of effort gold will be more sand more difficult to extract is in fact following a general trend in resources and could give a strong signal that our models based on grow are over. It give the signal that our planet is being saturated by human race.
    here is a lot to worry about, because when an ecosystem is staturated, population decline happen usualy naturaly and nature use the hard way. It means wars, famine, maybe epidemy.
    The alternative (soft way) would be a planned decrease of the population. This is a very sensitive subject an in order to implement that kind of “solutions”you will need some kind of global strong power (I wont call it goverment) wich is maybe worse than the hard way ….

  16. By ‘surviving’ I really meant ‘living it up’. And with the soaring Oz $, it just gets cheaper and cheaper.

  17. Saw a report on tele recently on Aussie pensioners moving to Bali where they can survive on less than AU$200/week. They live in houses set in tropical hills 100km from Denpasar (well away from the main tourist areas). Local women help them with cooking, cleaning, etc and beer is cheap. Sounds like a good place even for younger blokes like myself to ride out the financial storm.

  18. I think that gold is the people’s money. Everyone should own some to hedge against inflation and what not. But society does need fiat money because it does bring in growth. However fiat money needs to be issued by the gov, ideally controlled by the people, and be kept in check. The gov printing its money will have no debt printing it unlike the debt based system we have now where gov borrow money from central banks at interest. Inflation and deflation can be controlled by the gov. If the gov turns tyrant, then off with its head and we have a new gov with new money. And during the transitional stages gold can be used. Oh and of course death to central banks. Ideal or practical?

  19. Would be nice to see gold versus sterling reach the Jan 2009 price again – I bought some at £670/oz and the price fell almost immediately after I bought!

  20. @Stacy

    My husband and I are considering moving and have talked about France. Would you recommend moving there?

  21. WAAA! Kindda happy and sad at once. Happy that it’s going up. Sad that it’s going to cost so much to buy more…..Will gold test 1100 today?

  22. @Danny – it was supposed to be a surprise!

  23. @Stacy

    I hear @david is doing the foreward of max’s book :D

  24. @s.herbert
    will he swap a copy for a hot dog???

  25. @Danny – but Costa Rica is just a retirement place for Americans and is tropical with all the giant spiders, bugs and hurricanes that go with it; I would head somewhere that a young man can build a future . . . so if you want Latin America . . . maybe Chile, Argentina, Brazil . .. ?

  26. @Supergeek – you can still pre-order it; Max is editing it as I write . . . it’s called Buy Love, Sell Fear

  27. @maxkeiser.com
    with all this bling on the site… seems like there is no room to pre-order that book Max writ… sell fear, buy gold… no, no… buy sex, sell love, seriously what was it called… sell fear, buy love… was that it?

  28. @Stacy

    From my time in Connecticut I became very good friends with a bunch of Costa Rican lads from San Jose. Maybe I could go there and be a lackie for Jim Willie, or help baby turtles down to the water by night? 80% of Costa Rica is a protected national park.

    I really feel Ireland is on the verge… you can feel it on the street.

  29. @Danny – re: the Irish leaving the country . . well, they used to head to UK, US and Australia/NZ . . . but that is not an option if they are trying to flee debt ridden governments and abusive mafia banking . . . so that leaves Asia, Qatar, Abu Dhabi, parts of Latin America, Norway and Germany . . . only some allow immigration

  30. @Ptah

    good mature reasoning, thanks. Yes, there are devils all around.

    I was in the @Supergeek zone for a minute there with all the yeeeehawin’! :D

  31. Danny:

    Wall St have gold too…ownership of the yellow metal is not denied to parasite brokers. They deal in dollars but the ones you probably want to hurt most don’t hold dollars, they will be rubbing their hands in excitment that all of their hard work destroying the dollar is paying off. The ones that don’t have gold probably enjoy being kicked in the nuts.

    Gold protects your purchase power to a large extent but you joining hands with a lot of devils in doing so. Their is no escape. You are doomed if you do and more doomed if you don’t.

  32. 1. @Stacy
    This is for you and Bobby Sands sitting beside you
    http://www.playingforchange.com/episodes/2/Stand_by_Me

    2. Where’s Michael Hudson? No articles in ages.

    3. ‘Ireland is a disaster . . . leave now and enjoy your life’
    http://www.irishtimes.com/newspaper/opinion/2009/1102/1224257901009.html?via=mr

    4. Bank of Ireland reports pre-tax loss of €979m
    http://www.irishtimes.com/newspaper/breaking/2009/1104/breaking7.htm

    5. Forgotten Anniversary: One Hundred Years of Legal Tender
    http://news.goldseek.com/GoldSeek/1256914800.php

  33. Peter Schiff reports that india bought a boatload of gold knowing that the price is going through the roof but also look at some of the comments underneath. someone says it was bought months ago and is going to be stored in fort knox? huh??

    http://www.youtube.com/watch?v=Aicc3siQiHQ

  34. @y’all
    yeee haw… pardners!!!
    http://www.youtube.com/watch?v=aRA3SrkqDSE

  35. @Collapso

    You suppose to say 1st! its a badge of honour

  36. Gold price is great and making a few bob is great but there’s nothing more satisfying than to know that by buying gold and silver, us collectively and I are giving Wall St one big kick in the nuts!

    Morning y’all