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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum -- Ignore unavailable to you. Want to Upgrade?

To: energyplay who wrote (56775)	10/22/2009 7:52:13 PM
From: TobagoJack	Read Replies (1) \| Respond to of 217571

the script includes criminalization of private gold ownership to counter extreme effects of total lost of faith in all paper monies, and post zero-state monetary reset, that then reset price, whether at 60k or 120k, will last 12-18 months, at which time either (i) a second reset is called for at a materially higher gold price, or (ii) first reset is actually a success, and paper monies and fractional banking is reintroduced. the script is an old one, not of my invention, played out in argentina to zimbabwe, per dollarization. now we are talking about the dollar blowing up and then vaporizing, and so a gold-based reset must be. the odd fellow and fellowette panning for gold at micro grams per day cannot possibly influence gold reset price, not for a few nano seconds, especially if private ownership of gold is illegal, and only 1:1 gold backed paper money is in circulation. the trouble with gold mines is that they can be taken by the governments. physical is a must, in so far as preparations go. at moment of reset, one must move gold to where they can still be traded, i.e. freedom kowloon and money rock hong kong, and engage with then crushed real estate in any and all wasted lands.

To: energyplay who wrote (56775)	10/22/2009 10:20:29 PM
From: TobagoJack	Respond to of 217571

gdp flow must be gold-backed, adjusted for velocity and, importantly a % of outstanding on/off-balance sheet debt supporting needed gdp flow and usual obligations must also have gold-sinking-fund feature at reset time

To: energyplay who wrote (56775)	10/23/2009 12:09:09 AM
From: TobagoJack	Respond to of 217571

good news, more, attaining understanding, have realized the awful truth so, yes, 60k gold, and that is only if we reset today; more for gold if we reset tomorrow. just in in-tray >>>>>>The imp. point to note in the below attached article is not that pension funds wud buy GOLD , but THE FACT THAT NO ONE HAS ANY GOLD !!! another imp. line : “I don’t think the question really is what is gold worth but what are currencies not worth,” McGuire, 43, said yesterday. (BN) Pension Funds to Buy Gold as ‘Insurance,’ Texas’s McGuire Says =============================================================== “I think the largest institutions like our own are realizing that we barely own any,” McGuire said in an interview in Hong Kong. “The same thing applies to most of the pension funds which manage trillions of dollars in world wealth.” Pension Funds to Buy Gold as ‘Insurance,’ Texas’s McGuire Says 2009-10-23 01:08:05.404 GMT By Kim Kyoungwha Oct. 23 (Bloomberg) -- Pension funds will increase gold holdings to acquire “financial insurance,” pushing prices higher as currencies drop, according to Shayne McGuire, director of global research at the Teacher Retirement System of Texas. “I think the largest institutions like our own are realizing that we barely own any,” McGuire said in an interview in Hong Kong. “The same thing applies to most of the pension funds which manage trillions of dollars in world wealth.” Record government debt and interest rates close to zero percent are pushing gold higher for a ninth straight year as investors seek to protect their wealth against the prospect of rising inflation and currency debasement. Teacher Retirement, backed by $95 billion in assets, has launched its first internally managed gold fund, worth $250 million, invested in precious metals, mining stocks and exchange-traded funds. The fund is “a reflection of our interest in gold,” said McGuire, the author of “Buy Gold Now” published in March 2008 that correctly predicted the metal will rally. “That’s mostly because of diversification that benefits our portfolios.” Gold for immediate delivery climbed to a record $1,070.80 an ounce on Oct. 14 and traded at $1,062.20 at 8:39 a.m. in Singapore. It has risen 47 percent in the past year. Gold for December delivery in New York traded at $1,062.90. McGuire said it’s “difficult to estimate how quickly it will rise,” and saw “significant upside” in the next two to three years. ‘Financial Insurance’ The U.S. Dollar Index, which measures the currency against those of six major trading partners, has fallen 7.7 percent this year as President Barack Obama increased the nation’s marketable debt 22 percent to $7.01 trillion to revive growth. Financial institutions worldwide have reported credit losses and writedowns of about $1.62 trillion since the start of 2007, when the credit crisis began. Group of 20 governments have pledged about $11.9 trillion to ease credit and revive economic growth, according to the International Monetary Fund. “I don’t think the question really is what is gold orth but what are currencies not worth,” McGuire, 43, said yesterday. “Consider the tremendous fiscal excess that major governments have made to prevent the world economy from collapsing. There was no need to own gold, but today owning gold is a financial insurance.” McGuire, with 15 years of international financial experience, has worked for the seventh-largest pension fund in the U.S. since 2001. He had managed a $2 billion European equity portfolio and was ranked among the best Latin American analysts by Institutional Investor in 1995 and 1996, he said. Teacher Retirement has nearly 1.3 million public education and higher education employees and retirees participating in the system, according to its Web site.

To: energyplay who wrote (56775)	10/23/2009 12:40:47 AM
From: RJA_	Read Replies (2) \| Respond to of 217571

EP, I am not sure where TJ is getting his numbers, I computed 12,000 USD per oz using the money supply of USA, Japan, China, EU and related debt (its been a while so I dont think thats accurate any more). But I would like to see TJ's calculation... If its available. Re gold mining: Do you really think there is a place for 250 - 500mm folks to simultaneously mine gold world wide, and get 2 oz per month? I don't think so. How many could effectively mine in the US without over running available sites... not very many I think... never mind getting actual practical results. Productive sites would quickly be taken.