Gold remains close to record nominal highs in all major currencies but media coverage in the UK, Ireland and Europe remains minimal and skeptical

Posted on June 17, 2011 by maxkeiser| 38 Comments

Fort Knox U.S. Gold Reserves to be Independently Audited and Assayed? Congressman Ron Paul Pressures U.S. Treasury

This entry was posted in Headlines. Bookmark the permalink.

38 Responses to Gold remains close to record nominal highs in all major currencies but media coverage in the UK, Ireland and Europe remains minimal and skeptical

karate kid | June 17, 2011 at 4:17 pm |

golds thier 10 thousand an ounce at least.
Robert Mockan | June 17, 2011 at 4:18 pm |

Ron Paul has been trying to have this done.. for how many years?
Do not hold your breath.
sovereigntea | June 17, 2011 at 4:32 pm |

Satan is going on vacation and needs a replacement featuring Blankfein
http://www.youtube.com/watch?v=nKBnN8i-tfk&feature=related

Verichip / PositiveID infomercial featuring Mr Tinkles
http://www.youtube.com/watch?v=HFzhHeatRA0&feature=mfu_in_order&list=UL

Carbon Wow from New World Order Solutions
http://www.youtube.com/watch?v=6RDMXe_BY9Y&feature=player_embedded
SilverPorno | June 17, 2011 at 4:37 pm |

Gold just did hit an all-time high in the uk: £950.70.
Zorro / London | June 17, 2011 at 4:55 pm |

What do the media know anyway!

If you held up 20ft signs in front of them, they wouldn’t understand.

Maybe Max should suggest that newscasters get paid in PMs.

That might illicit just a tiny bit of interest, especially from the women so called journalists.

Not being sexisist….just a fact of life!…………………………………Z
Jayme | June 17, 2011 at 5:04 pm |

Maxkeiser.com is very sluggish at this time.
Oliva | June 17, 2011 at 5:10 pm |

@Zorro

Quite a bit of generalization in that remark. What, like the MSM guys are telling the truth?

Also, here’s a thought: US stalling while “borrowing” a friendly country’s gold for a photo shoot and test to make Ron Paul look like a fool and a kook AND a conspiracy theorist.

Nothing sound crazy to me anymore.
8Ball | June 17, 2011 at 5:19 pm |

I wouldn’t count on this audit happening anytime soon… the USG has been stonewalling an audit for decades. Look for an increase of “he’s a kook” type attacks on RP.
http://www.thedailybell.com/2507/Ann-Coulter-Bashes-Libertarians

New Daily Bell Poll: Where should a person store their gold?

* In a hole in the ground
* In a safety deposit box in a US bank
* In the vaults of a Swiss private bank
* Fort Knox

To add your two cents, visit the Daily Bell website and you’ll find the poll located at the bottom of the right column.
Larry | June 17, 2011 at 5:23 pm |

i don’t mean to sound alarmist ,but …a must listen to from jim willie [click on mp3 purple coloured link to side] http://kingworldnews.com/kingworldnews/Broadcast/Entries/2011/6/16_Jim_Sinclair.html
Jayme | June 17, 2011 at 5:26 pm |

Network slowdown might just be my local area. Other sites slow too.
Jayme | June 17, 2011 at 5:36 pm |

I think Ron Paul knows something the Treasury and Fed are hiding. I doubt there is any gold. It’s been out of public awareness for years. With all the political corruption that has taken place, it’s probably long gone. Otherwise it would be a non-issue.
Luke | June 17, 2011 at 5:38 pm |

another APMEX flash sale :
Apmex Flash Sale : 8 HOUR SALE on Gold Maple Leafs http://wp.me/p1bt3V-j8
8Ball | June 17, 2011 at 5:53 pm |

Larry, I think that you are confusing Sinclair with Willie… That is a good interview, BTW. An old timer who says that the game is over.
The Ricard | June 17, 2011 at 5:57 pm |

As per the usual – Jon Nadler pooh-poohs physical silver shortages.
Just repeat “Everything is fine, nothing to see here”.
http://www.kitco.com/ind/Nadler/jun172011A.html
evolutis | June 17, 2011 at 6:28 pm |

The shameless money[gold] trap …
“I bought a goat once for $500, only to discover when I went to get my goat, that he was actually dead. I pleaded for my money back, but it didn’t happen, so I put my dead goat up for sale by lottery at $2 per ticket, and advertised the goat as a top notch in his breed, in only one day I sold 1000 tickets. I picked the winner, and upon his arrival to find the goat he had won was actually dead, he was furious. So, what did I do? I quickly apologized and gave him his 2 dollars back.”

The situation is defined by the objects within the high functioning, corrupt, “system”.
money – goats – questionable “winner[s]” – hidden intentions – an abundance of misinformation.
The plutonomy doesn’t need us to make money. This is capitalism. It’s not their problem. And we all know, that those behind all this shit, never get anything but a even bigger bonus.
SAO | June 17, 2011 at 8:05 pm |

There is no gold in Ft. Knox.
SilverPorno | June 17, 2011 at 8:07 pm |

Blimey, yet another all-time-high for gold in the uk: £952.30.

Yeah, I know. I’ll shut up.
F. Beard | June 17, 2011 at 8:25 pm |

“Argh! There maybe no shiny metal in that hole in the ground! What shall we ever do?”

Grow up maybe?
Al Kyder | June 17, 2011 at 9:08 pm |

@ All.

China Biz Front page.

Gold & silver stock bottom likely days away »
Gold and Silver equities have led the markets lower and have underperformed the metals significantly this year. For the past month or so Gold has firmed

Gold prices may hit US$1,700 end of Q3: analysts »

China’s yuan hits record high of 6.4716 against USD – June 17 »

China Eximbank signs E Siberia co-op deal »
A $5 billion-worth cooperation deal was signed on Thursday between Russia’s En+ Group and China’s Export-Import Bank of China (China Eximbank or EIBC). The deal was inked on the sidelines of the ongoing 2011 St. Petersburg International Economic Forum which went underway on Thursday.» 14:52 Leaders to sign host of deals in Moscow

Billionaire Cisneros to team with Chinese banks in Latin America oil, gold »
Venezuelan billionaire Gustavo Cisneros is setting up joint ventures with Chinese banks to carry out investment in Latin American commodities industries. The chairman of Cisneros Group of Companies, who is relinquishing operations of the firm to his youngest daughter Adriana,

@ Jimmy Chen; Tests find no DEHP in instant noodles »
The Japanese and South Korean brands of instant noodles made in China, which were suspected of being tainted with plasticizers…
Al Kyder | June 17, 2011 at 9:12 pm |

@ Olivia

“Also, here’s a thought: US stalling while “borrowing” a friendly country’s gold for a photo shoot and test to make Ron Paul look like a fool and a kook AND a conspiracy theorist.

Nothing sound crazy to me anymore.”

Why even bother to borrow it. Just paint up a few blocks of wood green and photo shop it. There’s a whole lota people out there who are gonna want to “Believe” its real.
Oliva | June 17, 2011 at 9:44 pm |

@Al Kyder

I think Ron Paul is smart enough to bring enough witnesses and experts. He knows the game.
Oliva | June 17, 2011 at 9:46 pm |

Also when he does tv interviews he always says something like, “If there is nothing to hide, why all the stalling.”
Mary Genoud | June 17, 2011 at 10:25 pm |

There is probably nothing left of Fort Knox’s reserves. The planet was on a gold standard during much of the in Vietnam; costly not only in Americans lives, but also in Fort Knox gold reserves. More importantly however, were the horrendous costs suffered by the Vietnamese with losses in excess of 3 million people. This was in addition to the enduring affects of US ‘Agent Orange’ bombings, (DNT), which burned and destroyed Vietnam’s land, soil and water, not only during the war, but for all of the generations to come.
US, UK and European forces in Lybia are not only engaged for obvious energy resources, but Lybia’s gold, which has been kept within country rather than with the NY Federal Reserve or services of Londons‘ vaults.
mo | June 17, 2011 at 10:28 pm |

http://www.mindcontagion.org/banking/hb1981.html
USA does not own any fo the Gold that “may be” at Fort Knox
(need better documentation, anybody got a lead?)

President Ronald Reagan was looking into re-introducing the Gold Standard. He appointed a group called The Gold Commission. They found that the US Treasury owned no gold at all. The found that all the Fort Knox gold remaining is now being held as collateral by the Federal Reserve against the national debt
Mary Genoud | June 17, 2011 at 10:29 pm |

There is probably close to nothing left. The planet was on a gold standard during much of the Vietnam war; costly not only in Americans lives, but also in its federal reserves -Fort Knox gold. However, more horrendousl were the costs to Vietnamese civilians who suffered over 3 million in losses, in addition to the enduring poisoness affects from US ‘Agent Orange’ bombings, (DNT), which burned and destroyed Vietnam’s land, soil and water, not only during the war, but for the many generations to come.
My guess, US, UK and European forces in Lybia, are not only engaged in this arena for its obvious energy suppies, but more importantly for the country’s gold reserves, which have been kept within Lybia rather than with the NY Federal Reserve or the services of Londons‘ vaults.
Mattdog | June 17, 2011 at 11:24 pm |

There will be a push into the rare Earth minerals. The catalyzing properties of these metals is just starting to be understood. I would really like to see a correct representation of the price of Platinum to be reflected in real price terms. Fundamentals seem to be dancing around with hype so let’s see where this goes.
Mattdog | June 18, 2011 at 12:13 am |

Platinum! Platinum! Platinum!
flicks | June 18, 2011 at 12:33 am |

http://www.telegraph.co.uk/finance/markets/questor/8581791/Questor-plus-Grecian-gold.html
8Ball | June 18, 2011 at 12:34 am |

Hey beardo, we can be assured that there’s nothing shiny in your “hole”… either of them. It appears that the same stuff comes out of both ends… There is an old saying that refers to “shitting bricks”. Now if you could learn to shit Gold and Silver bricks then we might find some use for you around here…
Bruce | June 18, 2011 at 1:17 am |

Luke | June 17, 2011 at 5:38 pm |
—-
Constant spam for your stupid site which has been ongoing for months…
Al Kyder | June 18, 2011 at 4:28 am |

@ mattdog
\\”I would really like to see a correct representation of the price of Platinum to be reflected in real price terms. Fundamentals seem to be dancing around with hype so let’s see where this goes.”

I dont see how this is possible. Platinum is a group of metals with varying prices. The Platinum market is a complex market within a market. At present, Rhodium is the most expensive Platinum derivative.

There are 14 platinum derivatives, and 1 more is predicated. Here;

{ R-H + [M(L)] →R-[M(L)]-H }
Department of Organic Chemistry. Kazan State University. Kazan 420008. Russia. E-mail: [email protected]
F. Beard | June 18, 2011 at 5:03 am |

@8Ball,

If I had my way, the US would discover a 100 billion tons of easily mined gold and silver so you PM bugs would realise how silly you are.
ZORRO LONDON | June 18, 2011 at 7:30 am |

@ Olivia

& there was me going to get you that gold bracelet, ah well…I agree it was a generalisation.

From SGT Bull 07….finger on the pulse

http://www.youtube.com/watch?v=fOshw4kIGR4&feature=feedrec_grec_index

http://www.youtube.com/watch?v=WRvjufH29vE&NR=1

http://www.youtube.com/watch?v=TnvMSNUymHg&feature=relmfu

Looks like we may be seeing PMs heading north, and big buying over London!

Now theres a first!

Could this mean that bowels are starting to open in the City of London ……following the joint statement yesterday from the Chinese / Russian meeting and declaration of economic unity, and warning ditching the current global system?

The EURO is finished, it just doesnt know it yet!

LOL………….Z
ageofreisling | June 18, 2011 at 9:12 am |

Max,
Can anyone here verify the news breaking on the web, that under the Dodd, Frank bill
over counter PM trading as of July 15 is outlawed for residents of the US? What does all this mean and if it is true?
ageofreisling | June 18, 2011 at 11:24 am |

OK here is an interesting link about these July 15 trading rules, whilst it appears not as bad
as first thought and appears to be relating to leveraged and paper trades, there is still something very smelly about the whole thing. I’d like to know what Max and other professionals make of all this.
http://thetreeofliberty.com/vb/showthread.php?t=141055&page=4
ageofreisling | June 18, 2011 at 11:38 am |

a better link blog but still smelly. Whats the go ?
http://www.tfmetalsreport.com/forum/forex-prohibiting-us-residents-otc-metal-trades/555
Mattdog | June 18, 2011 at 6:44 pm |

Here’s some more info from the threads that Ageofreisling just posted:

http://seekingalpha.com/article/218529-obama-threatens-forex-says-goodbye-to-otc-gold-trading

” As for OTC precious metals such as gold or silver, Section 742(a) of the Act prohibits any person [which again includes companies]from entering into, or offering to enter into, a transaction in any commodity with a person that is not an eligible contract participant or an eligible commercial entity, on a leveraged or margined basis.”
ZORRO LONDON | June 18, 2011 at 6:53 pm |

When the real revoloutions start, I sure would not want to be a Jeweller!………..Z