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I think he's inferring that the loss of public confidence in our captured regulatory commissions, our corrupted monetary authorities, and our failing [fiat] financial system, is responsible for the burgeoning safe haven demand in precious metals.
Its one massive market manipulation scheme to make gold worthless forever as no one will ever trust the gold markets again.
Think how china will be hurting if gold is cheap like copper.
Think of all the investments that China has made backed with there gold holdings if the gold becomes worthless there money becomes worthless.
Wall Street" – NEW!
Premieres Fri, November 5 at 10P
Jesse goes inside the secret billionaire's boy's club to find out what caused the financial meltdown and how the group allegedly continues to manipulate and control the stock market and oil, gold and silver prices. From Wall Street to Washington, the governor barges in on the rich and powerful to demands answers. - Link
As of today, one of the world's top oil exporters announced that has exchanged about $15 billion of its FX reserves into gold. Earlier, Iran announced that the country has converted about 15% of its foreign exchange reserves into gold, and "will not need to import the metal for the next ten years." There is your mystery buyer to all that gold the IMF was selling in Q3... And since Ahmadinejad said that Iran's total FX reserves exceed $100 billion, the amount of gold in stock held by Iran is more than $15 billion. Which is equivalent more than 345 tonnes at a closing price of about $1350. Which also means that the WGC's official gold holdings are in dire need of an update, as Iran does not appear anywhere on the IMF's listing of official gold holders, and with over 345 tonnes, it would make Iran a top 15 holder of the yellow metal.
Lord James has claimed a mysterious gold bullion-backed body wants to invest £5bn in the UK – so what's the catch?
'Conspiracy Theory' episode featuring GATA is posted at YouTube
Submitted by cpowell on Sat, 2010-11-06 21:34. Section: Daily Dispatches
5:30p ET Saturday, November 6, 2010
Dear Friend of GATA and Gold (and Silver):
The episode of Jesse Ventura's "Conspiracy Theory" program on the TruTV network that was broadcast Friday and featured GATA Chairman Bill Murphy has been posted in three parts at YouTube. U.S. Rep. Ron Paul, the Fed's most informed critic in Congress, also has a big part in the program. You can watch it here: Youtube links