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

To: Haim R. Branisteanu who wrote (93678)	8/19/2012 4:22:40 AM
From: Haim R. Branisteanu	Read Replies (1) \| Respond to of 217666

correction to previous post As such the true value of gold is directly connected to perception and liquidity but little else, as it will start to be not fashionable to be perceived as a store of value, the desirability of gold will diminish and with it the prospecting efforts for gold and therefore will render the cost of extraction as irrelevant.

To: Haim R. Branisteanu who wrote (93678)	8/20/2012 7:44:46 AM
From: TobagoJack	Read Replies (1) \| Respond to of 217666

Yes Haim, but in the mean and impending nasty time there is but one metal money of the kings shtfplan.com Report: Soros Unloads All Investments in Major Financial Stocks; Invests Over $130 Million In GoldIn a harbinger of what may be coming our way in the Fall of 2012, billionaire financier George Soros has sold all of his equity positions in major financial stocks according to a 13-F report filed with the SEC for the quarter ending June 30, 2012. Soros, who manages funds through various accounts in the US and the Cayman Islands, has reportedly unloaded over one million shares of stock in financial companies and banks that include Citigroup (420,000 shares), JP Morgan (701,400 shares) and Goldman Sachs (120,000 shares). The total value of the stock sales amounts to nearly $50 million. What’s equally as interesting as his sale of major financials is where Soros has shifted his money. At the same time he was selling bank stocks, he was acquiring some 884,000 shares (approx. $130 million) of Gold via the SPDR Gold Trust. When a major global player with direct ties to the White House, Wall Street, and the banking system starts off-loading stocks and starts stacking gold, it suggests a very serious market move is set to happen. While often lambasted for his calls to centralize global banking, increase government intervention in the economy and his support of what he has called an “emergence of the new world order,” if there’s anyone with an inside track of where things are headed next it’s Soros. Soros, who has written extensively of a coming global paradigm shift in his book The Crash of 2008 and What It Means, calling the current economic and political model ”an end of an era,” has recently suggested that the financial and economic situation across the world is so serious that Europe could soon descend into chaos and conflict. He also notes that the world is entering “one of the most dangerous periods in modern history”, and foresees violent riots in America and a brutal clamp-down by the government that will dramatically curtail civil liberties. This is an individual who not only predicted the collapse of 2008 and took action to insulate himself, he also proposed the various fixes that governments in Europe and the US would eventually implement in order to stave off a deflationary depression. In his aforementioned book he suggested that central banks infuse the system with massive amounts of monetary expansion, but also warned that not injecting enough money would simply extend the onset of deflation and printing too much could lead to hyperinflationary currency collapse. Based on recent activity in Soros’ US held accounts, it seems that governments and central banks have failed at those efforts to stabilize the system. As such, Soros is getting out of those companies which are most at risk should the financial system buckle like it did in 2008 and he’s shifting his assets into what may be the only asset class left standing when it’s all said and done. Sent from my iPad

To: Haim R. Branisteanu who wrote (93678)	8/20/2012 7:45:58 AM
From: TobagoJack	Read Replies (1) \| Respond to of 217666

And of the communists The communists know what is coming, and are preparing accordingly http://blogs.ft.com/beyond-brics/2012/08/17/sunny-skies-a-glimpse-into-chinas-gold-ambitions/#ixzz23oJ144a6 Sunny skies: China’s gold ambitions China’s largest gold producer is already a force to be reckoned with. But if the visionary head of China National Gold Corporation gets his way, it’s going to be much, much bigger. As the FT reported on Friday, the state-owned group is in talks to buy a majority stake in African Barrick Gold from its parent Barrick Gold, the world’s top gold miner. For anyone seeking an insight into the thinking behind the deal, beyondbrics has translated a fascinating article by Sun Zhaoxue [pictured], president of China National. The article appeared this month in Qiushi magazine, the main academic journal of the Chinese Communist Party’s Central Committee. The publication is responsible for disseminating communist ideology to officials. Given the timing of the article and the standing of its author, its contents should not be taken lightly. Perhaps unsurprisingly, Sun argues that China should view gold as a “strategic resource as important as petroleum energy” and says the country needs to ramp up its gold reserves from their current low levels. Gold accounts for just 1.6 per cent of China’s $3.2tn foreign exchange reserves, compared to an international average of about 10 per cent and more than 70 per cent for the US. From Sun: “As gold is a currency in nature, no matter if it’s for state economic security or for the acceleration of renminbi internationalisation, increasing the gold reserve should be one of the key strategies of China.” Sun believes a core component of the strength of any sovereign currency is for it to be backed by gold. So if China is to succeed in internationalising the renminbi, it must dramatically increase its holdings of the inert metal. Sun, a resource economist by training, also has an interesting take on global currency wars. He believes the US has been promoting a theory that gold is “useless” to keep gold in the doldrums and protect the dollar. “It turns out the theory is nothing but a tactic used by the US… to suppress other currencies and maintain dollar hegemony. The reason that the dollar and the pound as well as euro developed from a single country currency to a global or regional currency is that these countries have huge gold reserves.” “Although the global financial crisis originated in the US, the crisis hasn’t shaken the dominant status of the US dollar in the world and American assets are not shrinking because of dollar depreciation. America’s 8,133 tonnes of gold reserves plays an important role in that.” China had only 1,054 tonnes of gold reserves by the last official announcement. So what is to be done? For a start, Sun advocates boosting the efficiency of China’s domestic gold mining industry through consolidation and a big increase in investment in technology and infrastructure. “In addition, we should encourage individual investment in gold as an important part of the state gold reserve system. Gold held by civilians is an effective complement to national reserves and very important to financial security of the country.” Chinese people buy less than 5 grams of gold per capita annually, compared to a global average of more than 20 grams, he says, citing the World Gold Council, a lobby group for the gold miners. Sun calls for a drive to market gold and gold investment products to ordinary people, especially through the 1,600 gold shops that China National owns across the country. Last but not least, Sun sets his sight beyond China’s borders. At the same time, we should encourage Chinese companies to go overseas and explore resources in other countries to broaden the channels of increasing gold reserves. First stop, Africa. Additional reporting by Zhou Ping Related reading Tanzania: Could the Chinese fare better than Barrick? beyondbrics China in talks to buy African Barrick Gold, FT China covets a contrary indicator, FT The African gold rush: tough for the little guy, beyondbric