The price of gold is dropping like a rock, what are 'their' intentions?

With the media and every stock broker out there claming the stock market has hit a bottom and Obama's stimulus money being thrown into the markets people have been selling off gold and buying stock.

Fools.

Unemployment is increasing day by day, economies are shrinking and production is stalling. Central banks around the World want to pick up cheap gold and are using Russia and China as scapegoats. Using them to actively push for a reserve currency that will replace the USD as the World's main currency and Russia has stated that they think it should be gold-backed.

My advice is to pick up as much physical gold and silver as possible but buy it offshore. I would not use banks or any other reportive agency because if the US suddenly has to back their own currency with gold to combat a new currency you can be sure they'll use the media to frenzy the people into thinking it's a great idea, thus stealing the common person's gold.

Originally posted by wonderworld
reply to post by Dr Love

 

Yes we need to buy physical gold not gold stocks! It's like carrying around a heavy parachute but comes in handy when you need it.

The main goal is for the people to be in need of global government aid and assistance.

The more people are prepared the less they will need.

Lets watch the banks all fail. I'm assuming they failed the "Stress test" No surprise.

Give me a break. There has been no time in the last few centuries(probably ever) where you actually needed gold to survive.

The only value of gold is jewelery and industrial applications. It does not protect against inflation (gold was the same price in 1981 and the cost of living has tripled since then and we are currently in the worst stock market since going off the gold standard). Still gold struggles to get much higher than it was 28 years ago. The facts say gold is not a good hedge for inflation. The facts also say that it will not be used to back up currency. Only way that could hapen is if they confiscate physical gold. In that event gold holders will not be getting a profitable price especialy from this trading range.

Gold is dropping because they are running out of suckers to buy it. Once it gets low enough and everyone sells at a loss then the big boys will pile back in and sell to a whole new group of suckers (please don't fall for it again).

Why is it everytime that gold falls people scream about manipulation but when it goes upwards there is not a peep? The truth is that it was manipulated upwards to lure the gold bugs in. Now they will drop the hammer. Sorry guys but that's the way it goes. Anyone who looks at a 30 year plus chart of gold knows it is a very poor proxy for inflation. You can think otherwise if you want because it will be your money you are losing.

And as for physical. The dealers are more than happy to have you buy physical and pay a huge premium. I bet most folks will have to pay over $100/oz in and out in order to do so. When gold breaks and it will, the dealers will be giving you next to nothing for your gold. Mark my words.

China recently bought 4000 tons of gold, along with Iran, Saudia Arabia and others. What better way to keep the competition in line than to deflate that investment? Recall that US gov in January gave china right of eminant domain as collateral for US debts in case of treasury default in June.

All part of the Great Game. Deprive everyone- especially the small sheeple- of any alternative to the NWO global currency for maximum control. Cut off all avenues of escape. Independence in any sector will be squelched.

I figure demand is going down because people don't want to spend their money on it now with the economic crisis and everyone losing money because of it. There are no evil intentions, the people just can't afford it anymore.

Originally posted by Dr Love
Bloomberg


Does anyone think the Congress would ever allow this sale to go through?

Peace

Of course, they will.

I am not a US citizen, but as far as I know politicians in my own country, and about how the US congress listened to their people with october's bailout.

It's a done deal, IMHO.

Banksters took (were given) the cash by trillions, then they will take the metal, the same way, with not much of opposition, even with the cash given.

European Central Bank sold 35 tons of gold, in order to save Deutsch Bank of a short squeeze, last week. We all know who runs the show.

These 400 tons would drop the price quite drasticly, so everyone will believe theirs greenbacks worth so much.....

For gold owners, the best thing that could happen right now, would be China buying those 400 tons, like they were supposed to do since last year.

And the very best for gold owners: China buys gold, without IMF selling his.

The G-20 summit, brang a little confidence in the market, then stocks rised and gold fell as you know.

But that will lead to more price manipulation and suppression from banks by short selling gold even more than they used to do.

Price might get lower, without having more bullion available to sale for ''Joe, the Survivor''.

I suggest, a sudden collapse of US dollar, or a new war would be the only way gold to rise in the short term.

Otherwise I am not as much optimistic for gold, like I was a month ago. I still believe that gold is the best place to be and a lower price is perhaps a good buying opportunity.

reply to post by Dr Love

They want to bilk as many ppl as they can on fake wealth.

The Shiny metals will not feed you.

Check the survival forums for good ideas on what to do.

If and when the trucks stop delivering food to stores I am not going
to sell you what will keep me alive for any shiny trinkets.

The market manipulators are doing their thing to skin as many as
they can as many times as they can.

This market rally will last til the real situation is revealed by them
some time later down the road.

This is just yet another sucker's rally.

They are going to pump them, then dump them.

Aaaaand it's gone

LOL, I almost fell out of my chair laughing.

[edit on 6-4-2009 by Ex_MislTech]

reply to post by nydsdan

Watch the almost self correcting action of gold markets daily. their behavior has all the markings of a controlled manipulation. they do not seem to behave in a natural way. somethings up.
just my opinion

reply to post by Nimrod

"Banksters took (were given) the cash by trillions, then they will take the metal, the same way, with not much of opposition, even with the cash given."

You have been doing your homework.

I commend your clarity of vision.

Most ppl here in the US are drunk, stoned, coked up, or on prescription
drugs watching porn, sports, or some sitcom.

A simply magicians trick, it is much easier to do the trick if the ppl
are busy looking at something else.

Once they are finished raping the wealth of this country they will leave
its dry empty husk to die in the sun, and we paid the congress critters
to do it to us is the best part.

Can you really imagine we paid these lobbyist's marionettes to ruin it.

It is truly mind boggling.

Oh well, I am ready to head for the hills when it goes sideways.

Good Luck to all the good ppl !

Sorry, Did you say poor conductor of electricity? I beg to differ. Guess what is inside the integrated circuit chips that represent millions of transistors....IE microprocessors / microcomputers.? gold connected leads!

know your physics and practical applications!

silver...folks....what a bargain it is...

reply to post by andy1033

Star for you, you are totally right.

Survival items do not include gold.

You need to focus on basics and they are pretty cheap if you are creative.

Look to the past, and you will have most of your answers for the future.

Originally posted by TH3ON3
Gold and silver as a means of trade will be phased out by the nwo. Money will also be phased out. It wont do any longer. So panic now and sell all your gold and silver while it still has some value.

Their intentions are to make it illegal to use gold or silver as legal tender, and then to create a new system of commerce based not on money, but by a trackable virtual credit unit.

They are selling their gold because they know this is coming. Take heed what I say it will happen.

[edit on 6-4-2009 by TH3ON3]

yes I agree..eventually gold will be phased out in preference of digital monetary devices. In the short term gold can be used as a hedge from the usd collapse.. Timing will be critical but I would rather have 50% of my assets converted to gold or silver in order to preserve at least half.

When the time comes that digital monetary system in required then I no longer have an interest in the world economic system and will focus on survival alone. Keep your microchips out of me! I have enough mood swings without external programs.

the only way i get on this site i love so much is through my G1 and besides that i have nothing but a job where i survive paycheck to paycheck and room at my fathers because hard times... so for people who have no stocks and barely anything allready what happens when the stocks crash and # goes haywire...ill tell you . street smarts . and when all these rich whiny b!$&h'es are gunna lose everything and not know what to do when it happens gold aint gunna getchu # but robbed. seriously for our economy to get better and for our country to succeed we need to stop fighting put our petty differences aside and help each other out. instead of rich people buying lambos and 5 million dollar houses why dont they give 1 million each to cancer or 1 million each to a food organization that can give food to our poor and malnutritioned. we have more homless people than all of europe combined and that sucks

They can call it what they like- but another set of phony fiat entries in an electronic pseudo-ledger is not any different from what the Fed Reserve has now- just global in scale, so the debt is more colossal. Worthlessness endowed with value via consensus vis a vis the Perps.

Backed by nothing, soon the IMF will have to buy their own Treasury 'instruments' like the US Fed did. Labeling insolvency as 'wealth' is fool's gold. Nothing from nothing is still nothing. Eventually, some commodity will have to back it- oil, silver, food, water, weapons, forests, factories etc.

IMF fake money is no better than fake Central Bank fractional reserve money. To watch the world applaud its own destruction- at the hands of the overt destroyers is truly surreal.

[edit on 7-4-2009 by synthesizer]

Hello...new to posting, though have been reading a long time and finally joined. Have been impressed by the diversity and knowledge on here by so many...

My take on the current 'drop' in gold is that it should be welcomed, and taken for what it is - a buying opportunity. Anyone in the business of selling or buying gold, however, knows the golden rule of not announcing your intentions (particularly if you are trading in large portions, such as 403 tonnes!) of buying or selling.

I wouldn't be surprised that in fact the IMF (or more likely one of its cronies) is wanting to buy big, not sell. Or, the closed-door deals behind the scenes at the G20 is that one or two countries or organizations are in the market big-time for gold right now, so what better way to sweeten the deal for them (which is often part of negotiations) and get the most for your fiat than a lower gold price.

How do you do this? Announce a flood of gold on to the market. Attempt to depress the price by all means, in order to get a good entry point. If the IMF truly wanted to get top dollar for their gold, why would they announce a huge sale months beforehand which logic dictates will bring the price down BEFORE they sell?

As for anyone thinking gold, in this environment, is going to tank below $400, that is probably the most absurb thing I have heard in a while. First, there is huge pent-up demand for gold from India, which stopped buying in the $920+ region. From recent market movements though, Indians are willing to get back in in the $800-850 range...so look for a move up in gold in the next day or two.

Second, as others have said, gold has a proven historical record over thousands of years as being a currency, and this will remain. It is scarce, takes significant cost and effort to attain/produce, and currently the production cost for each ounce of gold is around $500-680, moreso the upper range according to most analysts. If gold drops to even this much, it will put many producers around the world out of business; less supply means the prices will rise.

Third, every central bank holds gold, and central bank sales over the past 8 years have all but dried up with each passing year - so much so the past year or two they were ridiculously low, if not non-existent. If those big holders of gold 'know' gold is currently over-valued or topping, they'd be chomping at the bit to get out at the top of the market. But this is not the case, they are holding, as they know what lies ahead.

Fourth, yes, China does want to increase its gold reserves, but any claims as to wanting to buy "4000tonnes" etc have proven to be false, mere speculation and Chinese whispers emenating from a dodgy newspaper article many months ago. There is no way in the world China will remotely admit to wanting "x" amount of tonnes, as this is going to send the spot price skyward. It is true though that if anyone is going to buy the relatively minor 400 tonnes being sold by the IMF, China will jump at the chance as the cost is a pittance for them. So again, these IMF smoke and mirror 'intentions' of gold sales (which have been going on for years) will have little impact on the price of gold, even if it does get to market.

Make of it what you will, but if you put all your faith and trust in paper money, which can be, and now IS, printed at will and now in unprecedented volume, go for it. That paper, interestingly, was once backed by, and redeemable for gold - but then Nixon removed the USD from the gold standard in '71. Now it is just paper.

Or...you could have a little bit more faith in a proven currency, gold, which has been in existence for thousands of years. History has shown every single paper currency implodes and has been ultimately destroyed. And if gold is highly sought after by the wealthy elite, by EVERY single central bank in the world, and has always been part of the 'booty' or spoils for the victors in war...ignore obtaining some at your own peril.

So would silver be better?

Those saying "There has been no time in the last few centuries(probably ever) where you actually needed gold to survive" or "Survival items do not include gold" are talking through their *'s.

Watch the Youtube video "Gold for bread - Zimbabwe". Right now, people are panning for gold all day in the sun for a few grains of gold to buy food as the paper money is worthless. No gold - no food! The elderly, who can't pan, are starving to death.

Research the economic collapse in Argentina as well - when the paper currency became worthless, gold was used to buy food and essential items.

Originally posted by FlyersFan
reply to post by Dr Love

 

Oh Dr. Love! Sometimes I really love the way your mind works.

Excellent information. Excellent summary. Excellent conclusion.
Something is definately up. I'm willing to bet that you are right.

I don't have any gold to dump. But if I can scrape together some money (

good luck to me with that!) I'd love to purchase some gold coins.

I bet you are right too!
So I am in!
Oh, on what are we betting these days?

Yeah, just a rock, like diamonds.

I stocked up on food, sundries, maintenance and building materials, fuel, water and the means to get more. I put together guns and plenty of ammo. Tobacco and alcohol for barter. I have a stash of silver in all fractions. Not too much, just to bridge a collapse of the dollar.

Gold? Well, I subscribe to the 5 ounces per person for means of insuring escape travel. (George Green)

Can't eat it but I have enough for a quick move. What else could you possibly carry while travelling that would have the same kind of quick exchange value?

My vote is to keep just enough. It will always have this kind of value.

Be Prepared

Originally posted by Power_Semi


The IMF are doing the same thing, so the question has to be who is going to take advantage & buy lots of this artificially lower gold?

my best guess is that the central banks of the G-20 will be the destined 'purchasers' of this gold that is sold in a 'closed market'

if Russia, China, Gulf States, India are in the G-20, and were the original depositers of gold into the IMF...then they too will have a chance to buy-back their own gold...
(which was a 'required contribution' into joining the IMF community to begin with)

much ado about not-much-at-all...
400+ tonnes of gold won't make or break the IMF, neither will 400+ tonnes
tilt the world currency requirement into a gold backed standard