*China considering dropping U.S. Treasuries and Buying Gold Instead*Very Important News- Implication

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posted on Jan, 30 2009 @ 10:06 AM
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Originally posted by questioningall

Though one thing that will keep anyone safe; Seriously purchase gold an silver!

It's been said over and over, but if you have ignored it before..... I advise you doing some research, and STOP ignoring the advice..... Buy metals!


Where and how do you purchase gold and silver. I asked at my local bank but nobody knew. I know you can buy it online but I don't trust that.




posted on Jan, 30 2009 @ 10:10 AM
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Say all the doom and gloom around these parts actually come about over the next two months. let me ask a simple question to everyone buying up gold to supplement thier money. If things come crashing down as you guys are suggesting what exactly are you going to do with all this precious gold you have sitting in your basements?

Because you sure as hell can't eat it. Smartest thing to be doing with your extra monet right now if your buying into this whole "the world is crashing" idea.....But extra food. Non perishable food that can last a long time. Canned food, jerkey, seeds for growing (if your able) and perhaps some form of defencive weapons to hold of the hoard of people looking to trade thier awsome gold for your food.

If SHTF i'd rather have food to last for a year then a bunch of pointless yellow metal.

Edit for spelling

[edit on 1/30/0909 by Trayen11]



posted on Jan, 30 2009 @ 10:15 AM
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reply to post by questioningall
 


Oops, I just posted about that article, i.e Japans sewage.

To those who feel we need to store food and seeds.

There will be a problem with that. It makes you a target, by those who don't have food and weapons. And your weapons will be much less affective than you think.

This is the time to consider your relationship with God, because it will require supernatural protection to get through the coming 7 years.



posted on Jan, 30 2009 @ 10:17 AM
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if they dropped their dollars then the dollar would be worthless...gold is bought and sold in dollars..

so...what happens to the gold price?

[edit on 30-1-2009 by alienesque]



posted on Jan, 30 2009 @ 10:18 AM
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Originally posted by LiquidMirage

Originally posted by questioningall

Though one thing that will keep anyone safe; Seriously purchase gold an silver!

It's been said over and over, but if you have ignored it before..... I advise you doing some research, and STOP ignoring the advice..... Buy metals!


Where and how do you purchase gold and silver. I asked at my local bank but nobody knew. I know you can buy it online but I don't trust that.


www.kitco.com...

bulliondirect.com...

www.goldline.com... (putting them in, but did not have a good experience with them)

The above are places you can purchase metals.

bulliondirect - is a good place, due to the fact, they will actually take a credit card purchase up to $1500.00 per month charge. They are the only ones that take a credit card.

Kitco - is very good! They are now very delayed too in shipments - overwhelming demand. When my sister was purchasing last month, they in fact only had 3000 coins/ounces of gold available at that time. They have since gotten more in, but there is a true shortage of gold.

Silver has been almost impossible to purchase, in fact when you look at the above websites, you will find, bulliondirect - is the only site that has 1 oz bars of silver, (which is less, than coin purchases).



posted on Jan, 30 2009 @ 10:21 AM
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Originally posted by Trayen11
Say all the doom and gloom around these parts actually come about over the next two months. let me ask a simple question to everyone buying up gold to supplement thier money. If things come crashing down as you guys are suggesting what exactly are you going to do with all this precious gold you have sitting in your basements?

Because you sure as hell can't eat it. Smartest thing to be doing with your extra monet right now if your buying into this whole "the world is crashing" idea.....But extra food. Non perishable food that can last a long time. Canned food, jerkey, seeds for growing (if your able) and perhaps some form of defencive weapons to hold of the hoard of people looking to trade thier awsome gold for your food.

If SHTF i'd rather have food to last for a year then a bunch of pointless yellow metal.

Edit for spelling

[edit on 1/30/0909 by Trayen11]


Actually, the point is, people should have been considering BOTH things for the last few months... Gold/Metals and Food!

Having BOTH will put anyone ahead of the game when the SHTF, which may be coming sooner than later, if China does stop purchasing our Treasury bonds.



posted on Jan, 30 2009 @ 10:24 AM
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Originally posted by alienesque
if they dropped their dollars then the dollar would be worthless...gold is bought and sold in dollars..

so...what happens to the gold price?

[edit on 30-1-2009 by alienesque]


Actually that is not true, gold is purchased in all currencies of the world. Go to the kitco site, you will see, at the bottom of the main page, the price of gold in the main currencies of the world. Gold is traded in all markets of the world.

You will find when the N.Y. market closes, another market is already opened, gold trades 24/7.

Besides, don't you think the other countries of the world are using U.S. dollars right now, for gold purchases?



posted on Jan, 30 2009 @ 10:26 AM
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Originally posted by questioningall

Originally posted by alienesque
if they dropped their dollars then the dollar would be worthless...gold is bought and sold in dollars..

so...what happens to the gold price?

[edit on 30-1-2009 by alienesque]


Actually that is not true, gold is purchased in all currencies of the world. Go to the kitco site, you will see, at the bottom of the main page, the price of gold in the main currencies of the world. Gold is traded in all markets of the world.

You will find when the N.Y. market closes, another market is already opened, gold trades 24/7.

Besides, don't you think the other countries of the world are using U.S. dollars right now, for gold purchases?


how can gold be dealt in all currencies?...there is one gold price..but currencies fluctuate?



posted on Jan, 30 2009 @ 10:27 AM
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well ive got loads of gold, got it ages ago cos all this nwo stuff is bloody obvious, if u didnt get any then ure an idiot.



posted on Jan, 30 2009 @ 10:28 AM
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Originally posted by warrenb
The Art of War

You do not need to throw one soldier or bomb to destroy, devastate or otherwise cripple your enemies nation. Simply make it rely on you for its economic strength, then once you have enough capital power, remove it in one fell swoop; destroying your enemies economy and throwing the nation into turmoil.

Brilliant.


In a dark room somewhere in china an old man in a suit laughs gleefully... his master plan has worked.... entice Americans with cheap tube socks and plastic commodities and let them spend themselves into a debt so great they can't recover... of course, THEY made us do this
the power of rationalization.

-rrr



posted on Jan, 30 2009 @ 10:37 AM
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It might actually be a good thing for America.

China stops buying our debt, we stop allowing China merchandise in the USA.

Now all that cheap crap that comes from China now gets bought again in the USA creating more jobs at home. Would not happen overnight, but we did not get in this position overnight.



posted on Jan, 30 2009 @ 10:38 AM
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Originally posted by rickyrrr

Originally posted by warrenb
The Art of War

You do not need to throw one soldier or bomb to destroy, devastate or otherwise cripple your enemies nation. Simply make it rely on you for its economic strength, then once you have enough capital power, remove it in one fell swoop; destroying your enemies economy and throwing the nation into turmoil.

Brilliant.


In a dark room somewhere in china an old man in a suit laughs gleefully... his master plan has worked.... entice Americans with cheap tube socks and plastic commodities and let them spend themselves into a debt so great they can't recover... of course, THEY made us do this
the power of rationalization.

-rrr


And out of chaos, they bring you order.



14And deceiveth them that dwell on the earth by the means of those miracles which he had power to do in the sight of the beast; saying to them that dwell on the earth, that they should make an image to the beast, which had the wound by a sword, and did live.

www.biblegateway.com...:14;&version=9;

Wonder if he was ever in a sword fight.



posted on Jan, 30 2009 @ 10:40 AM
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Originally posted by alienesque

Originally posted by questioningall

Originally posted by alienesque
if they dropped their dollars then the dollar would be worthless...gold is bought and sold in dollars..

so...what happens to the gold price?

[edit on 30-1-2009 by alienesque]


Actually that is not true, gold is purchased in all currencies of the world. Go to the kitco site, you will see, at the bottom of the main page, the price of gold in the main currencies of the world. Gold is traded in all markets of the world.

You will find when the N.Y. market closes, another market is already opened, gold trades 24/7.

Besides, don't you think the other countries of the world are using U.S. dollars right now, for gold purchases?


how can gold be dealt in all currencies?...there is one gold price..but currencies fluctuate?


Please see this from: www.kitco.com...

the chart did not come out right, but in it, is the price of gold in each currency. This chart is the money, index chart along with percentages and gold prices in each country.


I am putting the gold price in each currency in bold so they can be seen:



Currency Chg% X=1$USD NY Time X=1$USD X$USD=1 GoldPrice/oz Gold Chg GoldChg%
US Dollar -- 01/30-11:35 -- -- 919.30 +11.00 +1.21%
Australian Dollar -2.56% 01/30-11:30 1.5736 0.6355 1446.41 +52.80 +3.79%
Brazilian Real -1.44% 01/30-11:34 2.3220 0.4307 2134.61 +55.52 +2.67%
British Pound +0.93% 01/30-11:34 0.6940 1.4410 637.95 +1.73 +0.27%
Canadian Dollar -0.95% 01/30-11:30 1.2381 0.8077 1138.14 +24.15 +2.17%
Chinese Yuan +0.00% 01/23-06:46 6.8352 0.1463 6284.97 +76.55 +1.23%
Euro -1.00% 01/30-11:30 0.7803 1.2816 717.28 +15.58 +2.22%
Hong Kong Dollar +0.03% 01/30-11:33 7.7592 0.1289 7133.03 +83.44 +1.18%
Indian Rupee -0.08% 01/30-11:33 48.8100 0.0205 44871.03 +573.24 +1.29%
Japanese Yen +0.45% 01/30-11:34 89.6750 0.0112 82438.23 +618.56 +0.76%
Mexican Pesos -1.04% 01/30-11:34 14.3388 0.0697 13181.66 +291.70 +2.26%
Russian Ruble -1.96% 01/30-11:30 35.8064 0.0279 32923.94 +1026.62 +3.22%
S.African Rand -2.29% 01/30-11:34 10.2262 0.0978 9400.95 +320.22 +3.53%
Swiss Franc -0.58% 01/30-11:34 1.1609 0.8614 1067.17 +18.81 +1.79%




[edit on 30-1-2009 by questioningall]



posted on Jan, 30 2009 @ 10:45 AM
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Gold is an attractive investment, if you value that sort of thing.



Gold shines brightest in inflationary times. The ongoing deflationary scare is a buying opportunity for gold and gold company shares. The real threat facing us today is the coming massive rise in prices right across the board caused by the ongoing world wide increase in the monetary base. I’m not sure how long it will take for all the money creation to work its way through the pipeline but its coming and with trillion dollar deficits being promised for years to come once it starts it isn’t going to stop anytime soon. When investors wake up to this fact we’ll see a flood of money into all things gold.

www.kitco.com...



posted on Jan, 30 2009 @ 10:46 AM
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Originally posted by questioningall

Originally posted by alienesque

Originally posted by questioningall

Originally posted by alienesque
if they dropped their dollars then the dollar would be worthless...gold is bought and sold in dollars..

so...what happens to the gold price?

[edit on 30-1-2009 by alienesque]


Actually that is not true, gold is purchased in all currencies of the world. Go to the kitco site, you will see, at the bottom of the main page, the price of gold in the main currencies of the world. Gold is traded in all markets of the world.

You will find when the N.Y. market closes, another market is already opened, gold trades 24/7.

Besides, don't you think the other countries of the world are using U.S. dollars right now, for gold purchases?


how can gold be dealt in all currencies?...there is one gold price..but currencies fluctuate?






Currency Chg% X=1$USD NY Time X=1$USD X$USD=1 GoldPrice/oz Gold Chg GoldChg%
US Dollar -- 01/30-11:35 -- -- 919.30 +11.00 +1.21%
Australian Dollar -2.56% 01/30-11:30 1.5736 0.6355 1446.41 +52.80 +3.79%
Brazilian Real -1.44% 01/30-11:34 2.3220 0.4307 2134.61 +55.52 +2.67%
British Pound +0.93% 01/30-11:34 0.6940 1.4410 637.95 +1.73 +0.27%
Canadian Dollar -0.95% 01/30-11:30 1.2381 0.8077 1138.14 +24.15 +2.17%
Chinese Yuan +0.00% 01/23-06:46 6.8352 0.1463 6284.97 +76.55 +1.23%
Euro -1.00% 01/30-11:30 0.7803 1.2816 717.28 +15.58 +2.22%
Hong Kong Dollar +0.03% 01/30-11:33 7.7592 0.1289 7133.03 +83.44 +1.18%
Indian Rupee -0.08% 01/30-11:33 48.8100 0.0205 44871.03 +573.24 +1.29%
Japanese Yen +0.45% 01/30-11:34 89.6750 0.0112 82438.23 +618.56 +0.76%
Mexican Pesos -1.04% 01/30-11:34 14.3388 0.0697 13181.66 +291.70 +2.26%
Russian Ruble -1.96% 01/30-11:30 35.8064 0.0279 32923.94 +1026.62 +3.22%
S.African Rand -2.29% 01/30-11:34 10.2262 0.0978 9400.95 +320.22 +3.53%
Swiss Franc -0.58% 01/30-11:34 1.1609 0.8614 1067.17 +18.81 +1.79%


Please see this from: www.kitco.com...

the chart did not come out right, but in it, is the price of gold in each currency.


hi..yep..i know you can see what the price is in each currency..thats not the same thing as gold being dealt in each currency..

i know i can buy gold in euros..but the euro price is just the dollar price in euros...and as the exchange rate is constantly changing a 5% rise in the dollar gold price doesnt mean it rises 5% in the euro gold price because the euro may have gone up against the dollar..thus negating the 5% rise..



posted on Jan, 30 2009 @ 10:52 AM
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I guess all we can wait for now is the government seizure of gold like in the Great Depression. Either way, I'm sure the PTB would rather piss off the minority who invested in gold as opposed to the rest of the population who uses paper. Even with the collapse of the dollar, it's not the end of the world like those who want you to "buy gold" would have you believe... there's a replacement in the works. Anyone that's telling you to "get into gold" only wants to increase demand so THEIR investments go up.



posted on Jan, 30 2009 @ 10:52 AM
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reply to post by questioningall
 


No one can eat gold. I´d rather store canned food, seeds, water and lots of weapons and ammunition. Good luck to all!



posted on Jan, 30 2009 @ 11:05 AM
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Originally posted by IlluminatiKarate
I guess all we can wait for now is the government seizure of gold like in the Great Depression. Either way, I'm sure the PTB would rather piss off the minority who invested in gold as opposed to the rest of the population who uses paper. Even with the collapse of the dollar, it's not the end of the world like those who want you to "buy gold" would have you believe... there's a replacement in the works. Anyone that's telling you to "get into gold" only wants to increase demand so THEIR investments go up.


Actually, listen to Peter Schiff and all economist who have people's "best interest" in mind, by trying to help them understand what is coming down the line. They are the ones - who have been saying "buy gold", it is not for their benefit, they have been telling us, it is for our "own" benefit.

Is it better to be left behind in the dust - with only paper money in hand - when you will still need things like food and other neccessities - but the price of those items skyrocketed?

Or is it better to preserve your dollar value now - and put it in something that will retain that value and in fact increase?

No, I don't believe the analysis, who have been telling us to buy metals, have been doing it only for their own benefit and investment in metals...... those "truth" tellers have cared about all of us and thus have been telling us the "truth" of the future.

[edit on 30-1-2009 by questioningall]

[edit on 30-1-2009 by questioningall]



posted on Jan, 30 2009 @ 11:12 AM
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yes gold is the best investment now. well it was back when it was 600/oz forever.

silver is better because its cheaper to aquire.

i found a few places online to purchase it. best place so far is apmex.com. they are safe and secure and are easy to talk to. i had called them after an error ordering online, but it was quickly resolved and i reordered later that day. and it showed up in 5 days in unmarked box.

silver has been going up. i bought 10oz this month and its already up 1dollar/oz.

only thing is finding somewhere they dont charge too much over spot.

spot price is the actual price of the metal, but then you have to pay retail from people who have stored it and that costs money. silver is usually 2 bucks over spot. gold is about $50 over spot.

silver is said to be better because there is usually a ratio. gold is supposed to be 40x the value of silver. but now its rediculously under priced compared to gold. $12/oz Ag as compared to $920/oz Au

and only an idiot would sell gold right now. i call my stash the apocalypse fund BECAUSE IT WILL ALWAYS BE WORTH SOMETHING. not like this fiat currency bs we have.

mahtoosacks



posted on Jan, 30 2009 @ 11:13 AM
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Originally posted by Reaper106

Originally posted by disgustedbyhumanity
I won't beleive this until China comes out and says it. Market talk was pumping up Lehman and Bear Sterns a week before they failed. Today is the day to sell gold.


With all due respect I just can't belive you really mean that. Go do some reasearch on gold forcasts before you rush out and do anything crazy like that. The market has been pumped up on false ideals"behind the scene control most likely", thats exactly why gold is a safe haven, always has been always will be.


Gold forecasts, market forecasts,etc. are just forecasts. This China dropping the dollar stuff is just nothing but rumors.

Already up up 15% on the GLD Jan 90 puts I bought when gold traded at its day high.

You all know about P.T. Barnum I suppose.





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