Gold is going BONKERS !

Op 2 september schreef ik: "Een beweging richting 1300 dollar ligt op korte termijn in het verschiet. Het is eigenlijk slechts 30% procent hoger, een peulschil als je weet dat overheden het voorbije anderhalf jaar minstens 15 biljoen dollar hebben bijgecreëerd uit het niets."

Goud stond toen 200 dollar lager dan het nu staat. Goudprijs staat nu net niet aan 1200 dollar.

Zeer vreemd dat zilver niet meestijgt. Normaal zou het sneller moeten stijgen. Het wordt met de dag vreemder.

Er waren geruchten dat India de 200 ton goud van het IMF gekocht heeft met zilver. Je zou het haast gaan geloven. Maar het zou toch zeer vreemd zijn.

Goud kan natuurlijk corrigeren na deze sterke rally. Maar op een diepe correctie zou ik toch niet teveel rekenen. Een sterkere correctie kan komen als we nog doorstijgen naar hogere niveau's zoals 1400 dollar. Het wordt belangrijk om te zien wat zilver komende dagen en weken doet. Zilver moet sneller beginnen stijgen of het wordt duidelijk dat er iets vreemds aan de hand is, met zilver, én met goud.

Jan met de pet heeft geen idee...

Een man probeert een goudmunt ter waarde van 1100 dollar te verkopen voor 50 dollar en vindt geen kopers. Je zou kunnen denken dat zolang je iets niet kan verkopen het geen waarde heeft. Maar je zou evengoed kunnen denken dat de wereld vol zit van de idioten. Ik vraag me af of de man evenveel problemen zou hebben als hij zijn goud voor 50 dollar zou willen verkopen in de straten van Mumbai of Shangai.

De Waarschuwing

Hij voorspelde de financiële crisis die we nu zogezegd achter ons hebben. Niemand geloofde hem vooraleer de banken werkelijk begonnen ineen te storten. Op dat moment was hij reeds uitgeschakeld in de race om het Amerikaanse presidentschap. Nu leidt een groter idioot dan velen durven denken de Verenigde Staten van Amerika.

Luister niet naar de huidige president van de USA, luister naar Ron Paul.



Dit heeft Ron Paul geschreven voor Forbes Magazine, met een belangrijke waarschuwing:

Be Prepared for the Worst

Ron Paul, 11.16.09, 12:00 AM ET

Any number of pundits claim that we have now passed the worst of the recession. Green shoots of recovery are supposedly popping up all around the country, and the economy is expected to resume growing soon at an annual rate of 3% to 4%. Many of these are the same people who insisted that the economy would continue growing last year, even while it was clear that we were already in the beginning stages of a recession.

A false recovery is under way. I am reminded of the outlook in 1930, when the experts were certain that the worst of the Depression was over and that recovery was just around the corner. The economy and stock market seemed to be recovering, and there was optimism that the recession, like many of those before it, would be over in a year or less. Instead, the interventionist policies of Hoover and Roosevelt caused the Depression to worsen, and the Dow Jones industrial average did not recover to 1929 levels until 1954. I fear that our stimulus and bailout programs have already done too much to prevent the economy from recovering in a natural manner and will result in yet another asset bubble.

Anytime the central bank intervenes to pump trillions of dollars into the financial system, a bubble is created that must eventually deflate. We have seen the results of Alan Greenspan's excessively low interest rates: the housing bubble, the explosion of subprime loans and the subsequent collapse of the bubble, which took down numerous financial institutions. Rather than allow the market to correct itself and clear away the worst excesses of the boom period, the Federal Reserve and the U.S. Treasury colluded to put taxpayers on the hook for trillions of dollars. Those banks and financial institutions that took on the largest risks and performed worst were rewarded with billions in taxpayer dollars, allowing them to survive and compete with their better-managed peers.

This is nothing less than the creation of another bubble. By attempting to cushion the economy from the worst shocks of the housing bubble's collapse, the Federal Reserve has ensured that the ultimate correction of its flawed economic policies will be more severe than it otherwise would have been. Even with the massive interventions, unemployment is near 10% and likely to increase, foreigners are cutting back on purchases of Treasury debt and the Federal Reserve's balance sheet remains bloated at an unprecedented $2 trillion. Can anyone realistically argue that a few small upticks in a handful of economic indicators are a sign that the recession is over?

What is more likely happening is a repeat of the Great Depression. (jeroen: ik heb dezelfde gedachten als Ron Paul) We might have up to a year or so of an economy growing just slightly above stagnation, followed by a drop in growth worse than anything we have seen in the past two years. As the housing market fails to return to any sense of normalcy, commercial real estate begins to collapse and manufacturers produce goods that cannot be purchased by debt-strapped consumers, the economy will falter. That will go on until we come to our senses and end this wasteful government spending.

Government intervention cannot lead to economic growth. Where does the money come from for Tarp (Treasury's program to buy bad bank paper), the stimulus handouts and the cash for clunkers? It can come only from taxpayers, from sales of Treasury debt or through the printing of new money. Paying for these programs out of tax revenues is pure redistribution; it takes money out of one person's pocket and gives it to someone else without creating any new wealth. Besides, tax revenues have fallen drastically as unemployment has risen, yet government spending continues to increase. As for Treasury debt, the Chinese and other foreign investors are more and more reluctant to buy it, denominated as it is in depreciating dollars.

The only remaining option is to have the Fed create new money out of thin air. This is inflation. Higher prices lead to a devalued dollar and a lower standard of living for Americans. The Fed has already overseen a 95% loss in the dollar's purchasing power since 1913. If we do not stop this profligate spending soon, we risk hyperinflation and seeing a 95% devaluation every year.

Ron Paul is a Republican congressman from Texas.

Hieronder volgt nog een must-see film. Belangrijker dan het filmpje hierboven. Ja, ik weet het. Tv is slecht. Maar televisie-interviews met iemand als Ron Paul, daar kan je altijd van bijleren. Zeker van dit.

Begin goed te luisteren vanaf 1.03 min. Beluister het minstens twee keer. Luister ook heel goed wat er gezegd wordt door Ariana Huffington vanaf 8.00 min over kapitalisme en de huidige situatie van de banken. "This is not capitalism!!! Banks are still a potential time bomb!!"

Er wordt Ron Paul gevraagd: "What did you know that nobody knew?"

Indische goudaankopen stuwen goudprijs naar nieuw record

Ja, het blijft een kwestie van wachten. Tot de ineenstorting van het westerse financieel systeem. Groot-Brittannië pompt nog een 30-tal miljard pond in twee insolvabele banken. De belastingbetaler betaalt. En als de belastingbetaler niet onmiddellijk betaalt, dan drukken ze het geld en zal elke belastingbetaler betalen onder de vorm van inflatie.

Londen is aan een zware val bezig. Net als het Westen.

Ik heb gezegd dat het goud van het westen naar het oosten zal gaan, een signaal van de machtsverschuivingen in de wereld.

Vandaag wordt bekend gemaakt dat India 200 ton goud koopt, namelijk de helft van de 400 ton goud die het IMF verkoopt (omdat het IMF anders zonder geld komt te zitten).

Ik zie het schip of het vliegtuig al vertrekken over de Atlantische en Indische Oceaan. Of wie weet gewoon over de Pacific.

De Indiërs zijn goud aan het kopen, niet enkel omdat ze voelen dat het huidige monetaire systeem zal instorten maar ook omdat ze de geopolitieke onzekerheid in hun nek voelen hijgen.

De wereldgeschiedenis is opnieuw aan het keren en de migratie van goud is altijd een belangrijk teken geweest.

De goudprijs stijgt vandaag keihard in zo goed als alle munten. Een nieuw record in Amerikaanse dollars voor goud en zilver stijgt 80 cent. Zilver was gecorrigeerd tot licht onder het 50 dagelijks gemiddelde en stijgt daar nu opnieuw boven, een teken dat we in een zeer sterke en opgaande markt gebeiteld zitten. Goud bleef de laatste weken constant rond het record hangen, een duidelijk teken dat dit verre van een top is zoals je steeds bij een zeepbel ziet. Dit is geen piek. Dit is een lanceerplatform. Nasa heeft geen shuttle meer nodig. De goudprijs gaat naar de maan enkel met een raket.

Verschillende bronnen waarschuwen voor een muntencrisis die vanaf november kan losbarsten. Ach, ik wacht al een tijd op die muntencrisis. Niemand weet wanneer het echt zal losbarsten, maar ik ben 100% zeker dat het zál losbarsten. 90 tot 99% van de mensheid is hier niet op voorbereid. Zo simpel is het.

Prepare for glory... for gold.


Hier een bericht over de Indische goudaankoop:

RBI to buy 200 tonnes of IMF gold

Decision to strengthen its gold reserves follows similar moves by central banks of some other countries

Tamal Bandyopadhyay and Anup Roy

Mumbai: The Reserve Bank of India, or RBI, is buying 200 tonnes of gold from the International Monetary Fund (IMF), nearly half of what the fund plans to sell.
In 1991, when India faced its worst ever balance of payment crisis, the country had to pledge 67 tonnes of gold to Union Bank of Switzerland and Bank of England to raise $605 million (Rs2,843.5 crore today) to shore up its dwindling foreign exchange reserves, which were then barely enough to buy two weeks of imports. India’s foreign exchange reserves were at $1.2 billion in January 1991 and by June, they were depleted by half. Currently, the Indian central bank’s foreign exchange reserves stand at $285.5 billion.

Stockpiling: At the current market value of $1,054 an ounce, RBI would need to spend about $7.4 billion to buy 200 tonnes of gold. Norm Betts / Bloomberg RBI’s decision to shore up its gold reserves needs to be seen in the context of other central banks across the globe increasing their gold reserves. Among them are the central banks of China, Russia and a few countries in the European Union. In the last one year, China has increased its gold holdings, by weight, by 75.69%, Russia by 18.78%, the Philippines by 18.50% and Mexico by 108.91%.
Compared with this, India’s central bank did not add anything to its gold reserves in the last one year, according to Bloomberg data. In fact, the share of gold in India’s total reserves has dwindled over the decade. In March 1994, the share of gold in the total reserves of the country was 20.86%; by the end of June 2009, gold constituted only 3.7% of the total reserves. An IMF spokesperson in India declined to comment on this development. RBI’s foreign currency assets consist mainly of sovereign bonds, mainly US treasurys. So, buying more gold will help the Indian central bank diversify its assets.

“Gold as a proportion of our reserves is relatively small,” said R.H. Patil, chairman of National Securities Depository Ltd and Clearing Corp. of India Ltd. “Gold is the ultimate currency. In fact, only gold came to our rescue during (the) 1991 crisis, so it makes sense that RBI should try to increase its gold holdings,” Patil said.

RBI’s foreign exchange reserves consist of foreign currency assets, gold, special drawing rights (SDR)—an international reserve currency floated by IMF—and RBI funds kept with IMF. Out of RBI’s $285.5 billion foreign exchange reserves, foreign currency assets account for the most—$268.3 billion—followed by gold ($10.3 billion), SDR ($5,267 million) and reserve position in the IMF ($1,589 million).

According to RBI’s latest annual report, the foreign currency assets consisting of foreign securities declined by Rs81,010.25 crore from Rs12.98 trillion on 30 June 2008 to Rs12.17 trillion on 30 June 2009 mainly due to net sales of dollars in the domestic foreign exchange market. At the current market value of $1,054 an ounce, or per 28.5g, RBI would need to spend about $7.4 billion to buy 200 tonnes of gold. With this, its gold reserve will rise to $17.716 billion, or roughly 6.20% of the total reserves. IMF in September had announced that it wanted to sell 403 tonnes of its gold reserves, or one-eighth of its total holdings, to boost its finances on a long-term basis and to generate money to raise lending to needy nations. Under the concessional lending facility, IMF will lend at zero interest through end-2011 for all low-income members to help them tackle the impact of the financial crisis that rocked the world in the wake of the collapse of US investment bank Lehman Brothers Holdings Inc.

A committee set up by a group of central banks overseeing the gold sales by the IMF has allowed the fund to sell 400 tonnes of its gold annually and 2,000 tonnes in total during the five years starting 27 September. According to a report by the Associated Press dated 20 September, India, along with China and Russia, had evinced interest in buying IMF-held gold. At a total holding of 103.4 million ounces, or 3,217 tonnes, IMF is the third largest official holder of gold after the US and Germany. IMF’s total holding at historical price is valued at about $9.2 billion on its balance sheet. At market prices, as of 28 August, the fund’s gold holdings were worth $98.8 billion. Traditionally, India has been the largest importer of gold, with imports ranging between 400 and 800 tonnes a year between 2000 and 2008. In the first half of 2009, gold imports have fallen drastically to 51 tonnes, according to the country’s apex bullion body the Bombay Bullion Association.

According to a fact sheet on gold on the IMF website, the yellow metal played a central role in the international monetary system until the collapse of the Bretton Woods system of fixed exchange rates in 1973. Since then, the role of gold has been gradually reduced. However, it is still an important asset in the reserve holdings of a number of countries, and IMF remains one of the largest official holders of gold in the world.