Why pamper life's complexities when the leather runs smooth on the passenger seat?
It may sound ridiculous, but that theory does hold water. Gold is used to back currencies but unfortunately if your country holds the reserve currency status, you actually need to print more currency that needs to be printed to be used for offshore transactions compared to your domestic currency supply which results in a trade deficit, add to this fact that every time there is a war the costs go up. These were some of the reasons why the US dollar was taken off the gold standard as agreed to in the Bretton Woods Agreement right after the end of WWII.
If indeed the amount of gold present here in the country is that staggering, it is more than enough to back the currency of any country who possess it. Recently, Germany even requested their gold stored in US vaults to be repatriated and US is forced to comply but this will happen in a slow, gradual fashion in a few years time, this also coincided with US and french presence in Mali, West africa. Mali is known to have huge gold deposits that are easy to mine.
I know about Gold backing paper before WW2. I've been to Bretton Woods up in New Hampshire. I invested Gold shares (G,GDX) and physical gold way back 2008 when I knew that US $ wasn't holding. I don't need the History lesson about it.
Bretton Wood Xmas 2008
My Shares way back 2009
But as far as that theory you posted... again, don't believe in all these conspiracy theories you come across. The US hogging all the Gold in the world? Really now.
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Anyhow, about the Yamashita Treasures .. for these investors willing to pay to dig in people's property, they're probably onto something.
Last edited by EZRA; 08-22-2013 at 04:22 AM.
Why pamper life's complexities when the leather runs smooth on the passenger seat?
Not all, that would be impossible. They just need to have the easily mined gold and keep it hidden somewhere. In fort knox or whatever place there store the gold of other countries, each county has a specific cage or room where the gold is kept. When there is gold exchange among two nations they just move the gold bars from one cage to another.
Also, nobody really knows how much gold there is trading in the market today, if there is a figure it is just by consensus. Besides if all the gold here in the philipines would be found it would be enough to devalue the US dollar.
For US foreign policy, they go to war not to spread democracy and all, but to make sure that the petrodollar is kept in place. The petrodollar and the fixing of the price of gold to the US dollar is what keeps their hegemony in check.
What is the potential of Mali’s gold mining industry?
Within the last years, Mali has rapidly become a major producer of gold, with several new mines being commissioned or in final feasibility stages. Since 2003, Mali ranks as the third largest African gold producer after South Africa and Ghana with 54.5 tons of produced gold. Although its production decreased to 40.7 tons in 2010, the country still maintains its position. Gold production is expected to rise again to 45 tons by the end of 2011.
Interview: Why Germany’s Pearl Gold decided to invest in Mali
The economy is forecast to come out of recession, with growth projected at 5.4% in 2013 and 5.1% in 2014. This growth will be driven by rice, cotton and gold production, as well as by the creation of a third mobile network operator. That said, political instability, economic crisis and war in the north of the country still pose downside risks for 2013 and 2014.
Mali - African Economic Outlook
Germany sends military aircraft to transport African troops to Mali
Germany has sent two military transport aircraft with 14 crew members to Mali amid intensified clashes in the African country.
PressTV - Germany sends military aircraft to transport African troops to Mali
Mali(gn) French and NATO Pivot in North-West Africa threatens Regional Stability.
Christof Lehmann (nsnbc) “We are expecting a well planned coup d´etat by the US-UK and France in Bamako, Mali by March or April 2013″, says a German West-Africa Specialist to nsnbc. He continues saying that “recruited extremists will attack the government and win, thanks to the covert military support. Mali´s Supreme Military Commander Sanogo will, if the coup d´etat succeeds, be eliminated. It is not unlikely, that Mali´s President Dioncounda Traoré is already negotiating his future with Paris”.
Mali(gn) French and NATO Pivot in North-West Africa threatens Regional Stability. - nsnbc international | nsnbc international
There is just so much at stake here, and yes I am familiar with trading gold on the financial markets. Personally I prefer silver over gold since it has many industrial uses.
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Not all, that would be impossible. They just need to have the easily mined gold and keep it hidden somewhere. In fort knox or whatever place there store the gold of other countries, each county has a specific cage or room where the gold is kept. When there is gold exchange among two nations they just move the gold bars from one cage to another.
Also, nobody really knows how much gold there is trading in the market today, if there is a figure it is just by consensus. Besides if all the gold here in the philipines would be found it would be enough to devalue the US dollar.
For US foreign policy, they go to war not to spread democracy and all, but to make sure that the petrodollar is kept in place. The petrodollar and the fixing of the price of gold to the US dollar is what keeps their hegemony in check.
What is the potential of Mali’s gold mining industry?
Within the last years, Mali has rapidly become a major producer of gold, with several new mines being commissioned or in final feasibility stages. Since 2003, Mali ranks as the third largest African gold producer after South Africa and Ghana with 54.5 tons of produced gold. Although its production decreased to 40.7 tons in 2010, the country still maintains its position. Gold production is expected to rise again to 45 tons by the end of 2011.
Interview: Why Germany’s Pearl Gold decided to invest in Mali
The economy is forecast to come out of recession, with growth projected at 5.4% in 2013 and 5.1% in 2014. This growth will be driven by rice, cotton and gold production, as well as by the creation of a third mobile network operator. That said, political instability, economic crisis and war in the north of the country still pose downside risks for 2013 and 2014.
Mali - African Economic Outlook
Germany sends military aircraft to transport African troops to Mali
Germany has sent two military transport aircraft with 14 crew members to Mali amid intensified clashes in the African country.
PressTV - Germany sends military aircraft to transport African troops to Mali
Mali(gn) French and NATO Pivot in North-West Africa threatens Regional Stability.
Christof Lehmann (nsnbc) “We are expecting a well planned coup d´etat by the US-UK and France in Bamako, Mali by March or April 2013″, says a German West-Africa Specialist to nsnbc. He continues saying that “recruited extremists will attack the government and win, thanks to the covert military support. Mali´s Supreme Military Commander Sanogo will, if the coup d´etat succeeds, be eliminated. It is not unlikely, that Mali´s President Dioncounda Traoré is already negotiating his future with Paris”.
Mali(gn) French and NATO Pivot in North-West Africa threatens Regional Stability. - nsnbc international | nsnbc international
Some analysts believe that Malian abandoned natural resources, including gold and uranium reserves, could be one of the reasons behind French war on the country.
PressTV - France imposes media blackout on Mali war
There is just so much at stake here, and yes I am familiar with trading gold on the financial markets. Personally I prefer silver over gold since it has many industrial uses.
Anyway let's not talk about this anymore coz it's already OT.
Last edited by M.A.D.; 08-22-2013 at 04:56 AM.
?
Where's the relevance? .. with all the things you posted and America's conquest of world domination by procuring all the gold in the world? Or you just want to show me what you know. If you really did your homework and applied it.. how did you do? That screenshot I did was from 2009.. already sold those but I can show you how well I did.
I have traded SLV as well but back then the move was really slow while Gold went up to 1900/ounce .. that's from 700+/ounce when I started investing on them. Silver was around 17+/ounce around late 2008... now it's 23/ounce.
In all seriousness.. I don't rely on conspiracy theories and play it on the market accordingly.. or actually believe in them unless proven true. Theories will always be theories... nothing more.
Why pamper life's complexities when the leather runs smooth on the passenger seat?
EDIT: US intervention is not evident in Mali, but US is the biggest fund contributor to NATO. France and germany are part of NATO.
Hence the reason why there is still US interest in Mali. This is not my theory, but based from what I have been reading for quite a while. For the markets, this actually does not matter at all, so trading is not that adversely affected.
NATO - Topic: Paying for NATO
Sorry for the OT. This will be my last reply
Last edited by M.A.D.; 08-22-2013 at 06:23 AM.
subscribing...
tinuod diay ni?
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