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Hal C
Member since May 2012
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has posted a comment on the article :

The Marginal Utility of Silver

- Antal E. Fekete - Gold University

According to the book "Gold Warriors" (Seagrave), Japan stripped all of those ancestral holdings of gold and silver from China during WWII using torture, and mafia type tactics and shipped the metal to Japan, then later the Phillipines. While I've read sharp criticism of the book, there appears to be a large amount of truth to it. How else would have F Marcos gotten so wealthy off only the backs of the Phillipine people. The money was never repatriated to the country of origin. The Japanese Imperial family kept much of it and that stored in secret vaults in the Phillipines was secreted away by the intelligence community eventually to be confiscated by trickery by the banks in which it was deposited (at least this is the story told by the Seagraves).

I'm not challenging any of your work other than the assumption that there is a lot of privately held bullion hidden in China. What I've wondered about China encouraging purchase of precious metals is that they intend to do an about face and confiscate it....thank you Mr and Mrs Peasant for sacrificing standard of living to help out the Chinese Yuan (helping the Yuan become backed by precious metals).

Thanks for the education on 'Marginal Utility'. I didn't understand it before.

Cheers,

Xsexcess

Commented 4698 days ago

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Beginning of the headline : I welcome the Internet debate on the question whether the Mint should be opened to gold and silver.The latest contribution by Hugo Salinas Price, entitled Free Coinage of Gold and Silver - Then and Now (www.gold-eagle.com, 9 June 2011), expresses doubts that such a measure, at least insofar as silver is concerned, would work today... Read More

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