| |
 | Eric de Carbonnel - Market Skeptics |
 Gold Wars  |
| By the beginning of the 1960s, the $US 35 = 1 oz. Gold ratio was becoming more and more difficult to sustain. Gold demand was rising and U.S. Gold reserves were fallingMonday, November 16, 2020 |
|
 | FOFOA - FoFOA |
Fiat 33  |
| "Sir, I would say, "Old World Order" to return.
To understand/explain better: A very easy way
to view this "order", would be to simply say that
the American Experience is reaching the end! As we know,
world war two left Europe and the world economy destroyed.
Many thinkers of that period thought that the world was about
to enter a decades long depression as it worked to rebuild real
assets lost in the conflict. It was this war that so impacted the
idea of looking positively toward the fuSunday, June 21, 2020 |
|
 | Ronan Manly - Bullion Star |
| New Gold Pool at the BIS Basle, Switzerland: Part 1 |
| “In the Governor’s absence I attended the meeting in Zijlstra’s room in the BIS on the afternoon of Monday, 10th December to continue discussions about a possible gold pool. Emminger, de la Geniere, de Strycker, Leutwiler, Larre and Pohl were present.”
13 December 1979 – Kit McMahon to Gordon Richardson, Bank of England
Introduction
A central bank Gold Pool which many people will be familiar with operated in the gold market between November 1961 and March 1968. That Gold Pool was known as tSaturday, April 18, 2020 |
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 | Keith Weiner - Monetary Metals |
| Standing Ready to Lease Gold |
| We will take another break from capital destruction, to treat a topic which has come up this week. On March 11, we said:
“…central bankers do not think about gold.
Granted, they once did. In the 1960’s, there was the now-infamous London Gold Pool to keep the price of gold at $35. This is endlessly cited as evidence of current central bank price suppression, without bothering to mention that until 1971 the official US policy was to maintain the dollar to gold exchange rate of $35 to the ounce. …
Tuesday, March 20, 2018 |
|
| Keith Weiner - Monetary Metals |
| Super-Duper-Irrational Exuberance |
| Think back to the halcyon days of the dot com boom. This was a time after Greenspan declared “irrational exuberance”. Long Term Capital Management collapsed in 1998, and Greenspan decided to risk propelling exuberance to a level beyond irrational. Super-duper-irrational exuberance?
Anyway, Greenspan cut interest rates a few times in late 1998. Technology companies were able to raise $5 million or more with just a sketch on a napkin (“serviette” for those outside the US). Companies at a “later stTuesday, March 13, 2018 |
|
 | Nathan Lewis - New World Economics |
| “Should We Restore The Gold Standard” |
| I thought I would add a little commentary to this item from Bullionstar:
Should We Restore the Gold Standard?
It consists of a sort of virtual discussion between Larry White and David Glasner, who we looked at recently regarding his views of the Great Depression:
I say “virtual” because it appears that the two did not have an actual discussion, but rather, the author compares some of their public statements. The article is a nice summary of what a discussion today on this topic might look like.
Monday, March 12, 2018 |
|
 | Alasdair Macleod - Finance and Eco. |
| Currency exchange value dynamics |
| In a recent article[i] I postulated that the dollar could lose all its purchasing power with a rapidity that will come as an unpleasant bombshell, even to those who already see inflation as society’s greatest problem in the future. The key to understanding why this may be so lies in human reactions to the monetary consequences of the next credit crisis. The undermining of the dollar as a currency affects all other fiat currencies, because it is the reserve currency and all financial markets use Thursday, March 1, 2018 |
|
 | Chris Powell - GATA |
| Gold's revaluation is 'just a matter of time,' but then so is everything else |
| Our friend P.C. writes:
"As a long-time GATA follower, I fully subscribe to the understanding that markets generally, and particularly the precious metal markets, are controlled to keep international exchange and trade 'stable' and maintain 'Western' market wealth. But I have a question you may be able to answer.
"If the major players in the futures and paper markets are able to contain prices with impunity, who is on the buying side who can compete? Why is there such volatility and any upward mSunday, January 28, 2018 |
|
| Ronan Manly - Bullion Star |
| US Gold Reserves, Of Immense Interest to Russia and China |
| Recently, Russian television network RT extensively quoted me in a series of articles about the US Government’s gold reserves. The RT articles, published on the RT.com website, were based on a series of questions RT put to me about various aspects of the official US gold reserves. These gold reserves are held by the US Treasury, mostly in the custody of the US Mint. The US Mint is a branch of the US Treasury.
The first of these articles, published by RT on 30 December 2017, is titled “US gold ofFriday, January 19, 2018 |
|
 | Rory Hall - The Daily coin |
| Craig Hemke: Gold Has Been Alchemized |
| I love sitting down with Craig Hemke, TFMetals Report, not only does he share great information it is a lot of fun with some laughter thrown in to keep these all-too-serious conversations a little lighter. When you’re dealing with such subjects as our monetary past and what we see as our monetary future, humor is a necessary ingredient.
All the wizards and their magic potions in pots from medieval times couldn’t pull it off but the bankers did.40 years ago. They managed and turned ether, nothingWednesday, January 10, 2018 |
|
 | Mark O'Byrne - gold.ie |
| Silver’s Positive Fundamentals Due To Strong Demand In Key Growth Industries |
| – Increased efforts in green energy and advanced technology set to boosts silver’s demand– Four-year supply deficit set to increase due to fewer mine openings and discoveries– Bank manipulation may be why silver under performing– TD Securities and the Bank of Montreal expect silver to be best performing precious metal in 2018– Growing industrial demand combined with monetary safe haven makes silver an excellent diversifier
The beauty of silver is its dual role. It is both a monetary metal and aWednesday, January 3, 2018 |
|
| Chris Powell - GATA |
| Hope for the day of deliverance but avoid predicting it |
| Some of you are inquiring about GATA consultant Harvey Organ's excellent work calling attention to the huge increase in the use of the New York Commodities Exchange's "exchange for physicals" procedure for fulfilling long contracts for gold and silver:
http://www.gata.org/node/17873
It seems that most gold and silver bought through futures contracts on the Comex in New York and claimed for delivery now is being delivered in London through what long had been described as an "emergency" mechanisThursday, December 14, 2017 |
|
 | Jan Skoyles - GoldCore |
| Silver’s Positive Fundamentals Due To Strong Demand In Key Growth Industries |
| – Increased efforts in green energy and advanced technology set to boosts silver’s demand
– Four-year supply deficit set to increase due to fewer mine openings and discoveries
– Bank manipulation may be why silver under performing
– TD Securities and the Bank of Montreal expect silver to be best performing precious metal in 2018
– Growing industrial demand combined with monetary safe haven makes silver an excellent diversifier
The beauty of silver is its dual role. It is both a monetary metal aWednesday, December 6, 2017 |
|
| Chris Powell - GATA |
| Chris Powell: London update on gold market manipulation |
| * * *
The slides for this presentation are posted here:
http://gata.org/files/GATA-Powell-Mines&MoneyLondonSlides-11-29-2017.pdf
* * *
SLIDE 1
All you really need to know about gold could have been surmised from a story on the front page of The Wall Street Journal on August 10:
http://www.gata.org/node/17562
SLIDE 2
In that story the newspaper quoted four experts on the gold market, all of them associates of the Gold Anti-Trust Action Committee and all of them introduced to the newspaper's repWednesday, November 29, 2017 |
|
| Chris Powell - GATA |
| What did Greenspan mean about leasing gold if the price rose |
| * * *
11:14a ET Wednesday, November 15, 2017
When Federal Reserve Chairman Alan Greenspan testified to Congress in July 1998 that "central banks stand ready to lease gold in increasing quantities should the price rise," was he, as GATA maintains, essentially confessing to the gold price suppression scheme?
Financial letter writer Avi Gilburt of ElliottWaveTrader.net disputes that in commentary posted today at GoldSeek, "Did the Fed's Alan Greenspan Admit that Gold Is Being Manipulated?":
http:/Wednesday, November 22, 2017 |
|
 | Adrian Ash - Bullion Vault |
| Brexit, Gold and Harold Wilson's 'Pound in Your Pocket', 50 Years On |
| How the 1967 devaluation of Sterling killed the Gold Standard...
THIS WEEKEND will mark 50 years since Harold Wilson's infamous devaluation of Sterling,
writes Adrian Ash at BullionVault.
Hoping to cut the trade deficit by making imports dearer and exports cheaper, the Labour prime minister claimed that the "Pound in your pocket" hadn't been devalued, only its internatioSaturday, November 18, 2017 |
|
| Chris Powell - GATA |
| Chris Powell: The essentially prohibited questions about the price of gold |
| Remarks by Chris Powell
Secretary/Treasurer, Gold Anti-Trust Action Committee Inc.
New Orleans Investment Conference
Hilton New Orleans Riverside Hotel
Wednesday, October 25, 2017
All you really need to know about gold could have been surmised from a story on the front page of The Wall Street Journal on August 10:
http://www.gata.org/node/17562
http://www.gata.org/files/WallStreetJournalFrontPage-08-11-2017.jpg
In that story the newspaper quoted four experts on the gold market, all of them assocThursday, October 26, 2017 |
|
| Nathan Lewis - New World Economics |
 The Silliness of the Bretton Woods Years |
| We’re continuing our look into One Nation Under Gold (2017), by James Ledbetter.
October 2, 2017: One Nation Under Gold (2017), by James Ledbetter
Ledbetter glided quickly over the period from 1914 to 1931, taking up the story again in earnest with the British devaluation of 1931 and, especially, the U.S. devaluation of 1933. This was treated with some interesting detail. However, Ledbetter made almost no mention of the fact that the U.S. returned to gold at the beginning of 1934 at $35/oz., andMonday, October 16, 2017 |
|
| Alasdair Macleod - Finance and Eco. |
| Gold – crossing the Rubicon |
| Gold is challenging the $1300 level for the third time this year. If it breaks upwards out of this consolidation phase convincingly, it could be an important event, signalling a dollar that will continue to weaken.The factors driving the dollar lower are several and disparate. The US economy is sluggish relative to the rest of the world, the rise of Asia from which America is excluded is unstoppable, geopolitics are shifting away from US global dominance, and the end is in sight for monopolisticSunday, August 27, 2017 |
|
 | Andy Hoffman - Miles Franklin |
| Reserve Currency Issuer Plus Global Pariah = Historic Monetary Reset |
| The gold Cartel will eventually collapse – just like all Cartels before it, like the London Gold Pool in 1968, before gold surged from $35/oz to nearly $900/oz a decade later. However, in the meantime, we must continue to fight a monetary battle to the death – which mathematically, must be won by sound money; as, per the immortal theme of Gresham’s Law, good money always chases out bad. Not to mention, Economics 101; as, per last week’s “Precious Metals’ ultimate downside protection,” the miniMonday, July 3, 2017 |
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