Tag Archives: gold

Ron Paul – Spontaneous Redefining of Money for the Individual

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During this interview at OpenCurrency.com, I wanted to find out how Dr. Paul began his journey of Austrian enlightenment. We touch on the relationship between Liberty and how economic systems behave. We talk about the way markets and money play a central role in a free society and the reactions to central banking with new types of currency. Listen here!

Below is the excerpt from my show at Open Currency Update with Kurt Wallace

Ron Paul of Ron Paul’s Podcast Nation joins Open Currency Update with Kurt Wallace for ‘Ron Paul, ‘I think it’s Fantastic’ CryptoCurrency, Bitcoin, Commodity Banking, Precious Metals Barter’. Ron Paul shares his experience in discovering economic freedom and individual liberty. He explains why the Federal Reserves ‘Free Money’ will create more bubbles.

We discuss spontaneous redefining of what money is for the individual with new forms of currency such as bitcoin, commodity banking, personal trade and barter with precious metals. Dr. Paul talks about legalizing parallel currencies in the US and why economics is the baseline of his message of Liberty. We also get a preview of Dr. Paul’s upcoming speech in New York May May 13th – 14th.

 

Gold back in vogue, posts biggest gain since August

(Reuters) – Gold prices were on course for their biggest monthly rise since August on Tuesday, supported by a weaker dollar and raising the possibility of a climb toward last year’s record high of just over $1,900 per ounce.

Sentiment for gold at the end of January compares starkly with late December, when prices dropped by more than 10 percent in their biggest monthly fall since the collapse of Lehman Brothers in an investor dash for cash.

 

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The War for Gold, Silver, and Liberty

by Mike McGill – Kristos Trading

Right now, there is a very heated contest occurring in the precious metals community – a war between the banksters, Wall Street elite, and mainstream news financial pundits over who can make hard money advocates most afraid of owning gold, silver, and mining stocks. These bad boys are working triple overtime to scare precious metals investors that the US dollar will somehow continue to gain in stature and value against other competing investment classes, hard commodities (e.g. precious metals), and foreign currencies.

Those investors whose trading accounts and positions in physical metals have been underwater recently are especially susceptible to the siren song sung by the world’s ruling elite. After all, it is their job to keep the masses heavily invested in their counterfeit, fiat paper currencies while they reap a fortune of trillions from sovereign debt based interest while converting it to physical assets.

With the euro currency in turmoil as a reaction to the European sovereign debt crisis and the attendant threat that it poses for European bank lenders and US investment bank credit default swap issuers who are on the hook to guarantee counter party risk, the US dollar has once again become the temporary life boat darling sent to rescue all the passengers jumping overboard on the euro currency Titanic.

But, how really safe is that US dollar lifeboat? After all, a national currency is only as valid and secure as are its nation’s finances, debt, and banking system. And folks, I’m here to tell you that all of these are in hideous condition here in the good old USA. The Obama Administration is preparing to ask Congress to raise the US borrowing limit by another $1.2 trillion. White House press secretary Jay Carney reported on Tuesday, “I’m confident it will be executed in a matter of days, not weeks.”

Congress will undoubtedly kowtow and comply. With that merciless genuflection, the US national debt will be instantaneously increased by nearly eight percent, from $15.2 to $16.4 trillion. However, it is highly unlikely that this will be enough to pay for the profligate spending of our fearless leaders for the remainder of fiscal 2012. Another trillion or so will undoubtedly be needed by summer (we’ll bet you a bottle of good champagne on this).

Of course, the total debt obligations of the United States, if we take into account the unfunded liability of Social Security, Medicaid, Medicare, and a litany of other government pensions and entitlements, is actually far in excess of $100 trillion, an amount that can NEVER be repaid. Add to this the terrifying reality that the major “too big to fail investment banks” are carrying derivatives trading risk in the hundreds of trillions of dollars that dwarf their capital reserves by many thousands of times. Bank stocks have felt this and are cratering accordingly. The world’s largest bank, Bank of America, has seen its stock plummet in the last five years from over $50 per share to its current price of $6.87.

Please also include a non-reported but raging inflation of commodities in the US. For example, US grocers have reported that the average cost of a Thanksgiving dinner in 2011 increased by over twenty-three percent from last year. Add this to a country that sees over fifty million people having to use food stamps to survive and you have a recipe for a financial Armageddon.

And you are still worried about the viability of gold and silver? You still think the US dollar junkies are going win this end game?

We at Kristos Trading love competition. So, we have decided to enter the gold/silver versus dollar contest. We are going to carry into this great battle just ONE weapon, what we lovingly call the “Ultimate Fear Chart.” Please take a moment to study this chart carefully.

This is the gold chart for the last fourteen years. It reflects the continued waning confidence in paper currencies, especially the US dollar, and the accumulative trust in precious metals as the ultimate safe haven of wealth. There is always a risk in any investment but does this fourteen year chart make you think that gold is going to fall off the graph against the dollar? We don’t think so either.

Life is always a gamble of some sort. Life always entails some risk. There is a war being fought right now between the Bernie Madoff/Jon Corzine type world criminal class against the common people – the wage earners, the small business owners, the savers, and the lovers of freedom and liberty. Recognize that this IS a war and if you are going to have a chance to win this war, you need to get tougher and stronger. Stop worrying and start fighting. In the gold war against the fiat currency Nazis, you have got to be a soldier. Republican candidate Ron Paul has fought this criminal crew for over thirty years and at last, his message is starting to gain traction. The voices for liberty and freedom, with which precious metals resonate so perfectly, are on the rise. The tide against evil and usurpation is beginning to turn.

The fundamentals for gold and silver have never been stronger. They are the only legitimate money recognized by the US Constitution. Now is NOT the time to fear your investments but, rather, it is the time to jump on board the gold and silver express freedom train. Let’s drive the bankster and paper currencies mercenaries out of our sovereign land. Let’s send the paper dollar bugs home in disgrace where they belong. This is not a time to sell your precious metals, it is the time to buy!

To learn more about the rewards of precious metals investing, including how to fund your existing retirement account with gold and silver, call Kristos Trading seven days a week at 888.385.1116. To learn about the very best referral program in the precious metals industry, please visit the Kristos Trading Referral Program.
We will take all the time that you need to go over the specifics with you.

Original article here

Gold, silver plunge as concerns resurface about Europe’s ability to resolve financial crisis – The Washington Post

Gold and silver prices plummeted Monday as concerns resurfaced about Europe’s ability to resolve its financial problems. Two ratings agencies criticized a new pact that would establish more fiscal discipline in countries that use the euro.

Fitch Ratings said that the deal made little difference and predicted the region would face “a significant economic downturn” as it tries to bring the crisis under control over the next year or so. Moody’s Investors Service said it will review the credit ratings of every European Union nation in the first quarter of next year.

The comments helped trigger a broad sell-off in commodities as investors shifted money into the dollar and bonds. Gold fell 2.8 percent, silver fell 3.9 percent and copper dropped 2.6 percent. Oil, gasoline and some agricultural contracts also fell…

via Gold, silver plunge as concerns resurface about Europe’s ability to resolve financial crisis – The Washington Post.

Japan’s Gold-for-Bonds Offer Could Boost Return By 5.9 Times

Japanese Finance Minister Jun Azumi will be rewarding investors who buy reconstruction bonds with half an ounce of gold, an added incentive that could boost the return by nearly six times.

Individual investors who purchase more than 10 million yen ($129,000) in the debt with a 0.05 percent return and keep it for three years will receive a gold commemorative coin weighing 15.6 grams (0.55 ounces), the Finance Ministry said in Tokyo today, worth about $948 based on current prices for the precious metal. …

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