Gold revaluation and money printing are the nuclear weapons arsenal held by government treasury departments.
By November of 1933, a frustrated central bank brought quantitative easing to a complete halt. How did the US government respond to that?
The answer is that just two months later, on January 30, 1934, it passed the Gold Reserve Act. The US government revalued gold about 70% higher, and then continued purchasing it aggressively at that price, using printed money.
The QE baton was thereby passed from the government T-bond “runner”, to gold bullion!
In a showdown between central banks and governments, governments win. They won in the 1930s depression, and they will win in this super-crisis.
re: In a showdown between central banks and governments, governments win.
i thought the “governments” and the “central banks” were different parts of the same brave new world order, kinder and gentler, of course, of feudalism.
so, the price of gold is not going up until the feds start buying gold with fiat money and … therefore: the government will be the force that raises the price of gold, not the market.
Doc u r delusional if u think without a guillotine, the gold price will ever be market driven.
& as they control the levers of the guillotine this will never happen.
Unless the Sheeple wake, which doesn’t seem likely to happen.
DUCK
re: In a showdown between central banks and governments, governments win.
The banks didn’t yet own the government in the 1930s, and they didn’t own FDR.
Do you really think that little shit Cameron would survive a showdown with the banks?
This ain’t the 1930′s and the only period you’ll see gold truly be market driven is during a war with you being part of it.
Really want that?
To build a nuke you use usually a great quantity of physical silver. The uranium or plutonium must always be surrounded by a heavy spherical enveloppe of .999 pure massive physical silver. Hey you all ! Time to buy silver bullets ! Real ones. What is fascinating is the silence about who is doing all this selling. Rigged markets. You bet. We are still in massive backwardation by the way. And Europe and USA are totally bankrupt.
re: In a showdown between central banks and governments, governments win.
Why do we have these stupid central banks in the first place then? Get real!
re: In a showdown between central banks and governments, governments win.
Really!! If this was the case, then why do we have these central banks in the first place?
It’s the correct outcome, but the analysis is a tad confused. The Federal Reserve is chartered by the U.S. Government. They exist at the government’s discretion. So, any suggestion that these two entities, Uncle Sam and Uncle Ben, are sitting on opposite sides from one another is false. It may appear that way at Congressional testimony time, but it isn’t that way. Having said that, gold revaluation, aka asset monetization (particularly of an asset that sits on the balance sheet of The Treasury. The Fed only has gold certificates) is the only way to balance the balance sheet of the U.S. Government. The debt will still be there, but it will represent anything like the danger attached to it since, upon monetization assets will exceed liabilities.
We are getting closer to this epic event what with The Fed body (see the latest minutes) now in internal discord about the clear limits and dangers of QE. They all seem to realize that they are trapped, and that there is no way off the course they have charted, but they can’t back out, and continuing amounts to finding oneself in a hole and diffing deeper. In the meantime, the economy will force their hand and all this “talk” about halting their bond purchases will be extinguished.
I don’t see currency tied to the price of Gold as any great solution either. The private central kleptobanksters are buying all the Gold, they’re going to be even more in and out of control with the switch. Gold backed currency plays into the hands of the same NWO Basil types that want to bring in a global currency, which is what Gold is. It will cause deflation when economic growth trys to exceed money supply growth. It would help if they brought in Silver as a currency as well, but people should remember that more fortunes have been lost on Silver speculation than won, take the Hunt brothers for example. The fun will come after the switch to Gold when one country tries to expand it’s economy faster than the rest.
I know of a family in my home town who were buying gold and silver bars and coins and keeping them at home, until some people showed up with guns and took it all away from them. Safety deposit boxes in banks are no good either, they just kidnap your kids to extort you precious metal savings, unless the government or the army do it instead during a crisis.
Silver salesman promotes silver, now that’s news.