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ref. max keiser – Get 6 mo’s free storage
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Rick Ackerman-
- Michael Hudson
- Karl Denninger – Market Ticker
- The Big Picture
- Mish
- Note to Ambrose Evans-Pritchard at The Telegraph: You Have Excellent Insight as to What is Happening and Why, But Please Get a Grip on Reality as to Solutions
- Spain Potpourri: Official Denials From Finance Minister; More Nationalizations Coming Up; Banks Use ECB Money to Refinance Large Enterprises in Dire Shape, New Credit To Households Down 80%
- David Morgan
- King World News
- SmartKnowledge
- GoldCore
fiat money and the french revolution
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crash banksters – Buy Silver & gold
![[Most Recent Quotes from www.kitco.com]](http://www.weblinks247.com/indexes/idx24_usd_en_2.gif)
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![[Most Recent Quotes from www.kitco.com]](http://www.kitconet.com/charts/metals/gold/t24_au_en_usoz_2.gif)
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Converted?
What are they Alchemists?
Well, funny, a muslim inviting us out of the darkness of man made law and Spitzer immediately recognizing him as a terrorist and traitor.. http://www.youtube.com/watch?v=S7KSHy34zyY
GOOD NEWS!
Arnold Swarznegger just decriminalised weed in Kali!
http://perezhilton.com/2010-10-01-governor_arnold_schwarzenegger_decriminalizes_possession_of_an_ounce_or_less_of_marijuana_in_california
I checked both the UK Guardian and the NY Times and mysteriously this isn’t headline news there yet… only a matter of time.
Thought everyone has 15 to20% in Gold? wtf?
then the swisse and maple leafs too …
from an article in 2008 ‘australia holds just 80 tonnes or 6% of its foreign reserves.
The bank sold down its gold holdings in 1997 and its reserves are now largely held in US Treasuries and other government bonds.’
http://www.theaustralian.com.au/business/mining-energy/worlds-banks-keep-a-hold-on-their-gold/story-e6frg9df-1111115914644
http://www.abc.net.au/news/stories/2010/03/05/2837171.htm
“….
In November 1997 the then Treasurer, Peter Costello, shocked some people when he announced he’d signed off on the sale of $2 billion worth of Australian bullion. On the day he announced the sale the price was around $US306.00 an ounce. At the time, according to Mr Costello, gold “no longer plays a significant role in the international financial system”.
Three days after the bullion was sold Australian gold shares slumped 16 per cent. With gold languishing there were more than a few people within government and the Reserve Bank congratulating themselves on such a prescient sell off.
But no-one else seemed to be selling, certainly not the US, and Robert Champion de Crespigny at the time expressed concern about Australia’s ambitious move. The then executive chairman of Normandy Mining, Australia’s largest gold mining group said:
“I think the Reserve bank has handled this extremely clumsily”. Gold, he said, had a future if you took a long term view.
So here it was 1997 and Australia had sold two thirds of its gold assets in a single day, and sold into a buyer’s market.
While the sale helped pay down debts, the deal was to cost Australia billions of dollars in the long run. But at the time people were lining up to congratulate the Treasurer.
Bill Shields who was with the Reserve Bank and who went on to become Macquarie Bank’s chief economist seemed to echo the Federal Treasurer’s words. He said he thought the gold price would remain under pressure and depending on how supply responded it could fall lower.
Gold, he said “no longer has a role in the monetary system and with low inflation it is an unattractive investment relative to interest bearing securities and equities”.
While that sentiment was certainly shared in the plush offices of bankers in Australia, it wasn’t on the minds of China’s money men and women.
Two years after Australia’s Government sold off two thirds of the nation’s bullion, China made a startling admission. Over six years it had quietly bought 454 tonnes of gold (presumably some of it was Australia’s).
The gold price fell sharply in 1999, down to $US251.70, mainly on concerns that central banks were reducing gold bullion reserves. But by the end of that same year gold had rebounded and was fetching US$338 an ounce. Since then it has gone up steadily.
This week it reached beyond $US1134.00. That’s nearly three and a half times the price when Australia flogged two thirds of the farm.
At that price I’m thinking seriously about that old gold crown at the back of my mouth.
But let me say as a journalist I make a lousy investment advisor, although I can say with some confidence I wish my superfund had bought some of Peter’s gold in 1997…”
@BENNY
Herro hope good day
jimmy going back to kali kali kali im going back to kali …. I dont tink so….. head stoned , pockets with gold she said she liked the ocean…….
no in engrish, mandarin or Tibetan, jimmy no can read coin
Cyrus was an interesting fellow no matter which side of the coin you look at.
For those who can’t read the Arabic characters on the coin, it says “Fuck you Ben Bernanke” in Farsi.
@ Mother Earth.
That guy’s a nutter (I’m in the UK and have seen him a number of times). If he was born in the deep south of the US, he’s be just as crazy but talking about Jesus and misrepresenting Christianity.
Also, I would suggest that Religion is man made, just like any law.
How about an audit concerning US Gold reserves.
Now you are talking !
Interesting history about Persian gold coins. Anyone recall this link I posted of a 500 B.C. Persian king’s gold bracelet?
According to Max’s link, that would be Darius I. Darius the Great.
Wanna buy his gold?
http://www.worldwidestore.com/34157c.htm
Pricey little item, ain’t it?
http://www.worldwidestore.com/34146c.htm
I like this one, it says face of a bearded king and it may be but it looks like the Sun also to me which Zoroastrians worshipped God as light fire and the Sun etc.
laters
…good reason to invade.
You’re right another good reason to invade. The US has 60% of Germany’s gold hidden some where, why not go after Iran’s. What a bunch of criminals.