Anyone tuned into this?
Apparently the theory goes that Central banks have been supressing the price of gold by selling bits of their gold reserves into the general market to increase supply, thus bringing down the price of gold.
The US apparently has sold half of its gold reserves. The day will come when they have no gold left to sell and will result in a skyrocketing price.
Type "central bank gold" into Youtube and watch the videos.
Originally posted by uzlessIsn't gold reserve kind of obsolete nowadays?
Anyone tuned into this?
Apparently the theory goes that Central banks have been supressing the price of gold by selling bits of their gold reserves into the general market to increase supply, thus bringing down the price of gold.
The US apparently has sold half of its gold reserves. The day will come when they have no gold left to sell and will result in a skyrocketing price.
Type "central bank gold" into Youtube and watch the videos.
Originally posted by uzlessThis is all part of the Central Bank Fed (Foreign owned Foreign aligned) *conspiracy* which says that the whole point of the Fed being established in the first place was to slowly but surely reign in American independence by paupering her, and thus making her more and more dependent on the *old* world from which she arrogantly thought herself capable of dispensing with. A suitable Hollywood working title might be :- "Shackling the Prodigal back into the Fold"
The US apparently has sold half of its gold reserves. The day will come when they have no gold left to sell and will result in a skyrocketing price.
Originally posted by uzlessBecause the dollar isn't worth anything. It's called inflation, which stands for printing as much paper "money" as you feel like printing. It's better to think of the dollar as being worth 1/700th or 1/800th of an ounce of gold (rather than 1/35th like it used to be).
If it's obsolete, then why is gold up around $700-800 an ounce. Somebody must want it.
Originally posted by Duhare you suggesting then, that if we were to just print more money the value of gold would go up?
Because the dollar isn't worth anything. It's called inflation, which stands for printing as much paper "money" as you feel like printing. It's better to think of the dollar as being worth 1/700th or 1/800th of an ounce of gold (rather than 1/35th like it used to be).
Conversely, if we were to burn money the value of gold would go down?
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Originally posted by PalynkaType "central bank gold" into Youtube and watch the videos.
Source?
The only way that gold can reach that in two months is if there's a rout on the dollar.
I'm not saying these are credible sources...i'm just saying this is the theory
Some decent ones are the goldsilver.com videos with Mike Maloney.
If you want to dig deeper, try the videos with Gerald Celente.
Originally posted by uzlessDo you mean these WallStreetWindow ones?
Type "central bank gold" into Youtube and watch the videos.
I'm not saying these are credible sources...i'm just saying this is the theory
Some decent ones are the goldsilver.com videos with Mike Maloney.
Can you post some direct links here? It would save me the trouble of wondering if I'm looking at the right ones...
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Originally posted by Palynkasorry, i can't access you tube from work so i can't do links.
Do you mean these WallStreetWindow ones?
Can you post some direct links here? It would save me the trouble of wondering if I'm looking at the right ones...
Type "Mike maloney" he gets interviewed by a guy in one video and then in other videos he interviews another guy...multi-part video
The Gerald Celente videos are mostly radio interviews he does...they are also multi part videos. Some are tv interviews.
Originally posted by uzlessThis guy?
sorry, i can't access you tube from work so i can't do links.
Type "Mike maloney" he gets interviewed by a guy in one video and then in other videos he interviews another guy...multi-part video
The Gerald Celente videos are mostly radio interviews he does...they are also multi part videos. Some are tv interviews.
http://goldsilver.com/the_dow_is_crashing.php
Comes off as a lunatic, if you ask me. He mixes some interesting points with a lot of crazy ones.
Originally posted by Palynkathat's his face yes.
This guy?
http://goldsilver.com/the_dow_is_crashing.php
Comes off as a lunatic, if you ask me. He mixes some interesting points with a lot of crazy ones.
No doubt he isn't a totally camera polished interviewer(ee). I'm more interested in the content. He isn't the only one i've read proposing this idea of gold shooting through the roof in the coming years.
Admittedly, I'm not up on the gold scene. Was just wondering if anyone knows if this analysis is spot on or in crack pot land.