Physical gold
posted on
Jul 18, 2012 01:25PM
As all these paper games continue to suppress gold, a thought came to me: Is this a great charade for the insiders to round up all the gold for the end game as cheaply as possible for themselves? It would appear most likely as central banks have generally halted their sale of the physical stuff. What better way to accumulate the metal than to try and scare everyone out including the holders of the shares that have properties with gold in the ground, either being currently mined or drilling in place proving up increasing amounts for consideration to be mined later.
Somewhere along all-time high expanding debts of countries either have to be reneged upon or gold has to be revalued to equalize that debt. It's fairly simple. It should be clear to many that governments have no real plan to pay off their debt, only to increase it until the debt bubble eventually pops with gold being the last man standing
In order to really appreciate gold, aside from Comex driven numbers, you have to hold it in one hand and some paper currency in the other. Although I have coins and high grade specimens in my hoard, I added another real nice piece last week from the Gold Crown Mine in the Alleghany Mining Distrct in northern California on the western flanks of the Sierra Nevada Mountains. This area is world famous for its beautiful high grade gold. The District has produced billions of dollars of the metal and today remains relatively quiet. A District geologist has stated that less than half of this gold has been found. The gold occurs in pockets sparcely deposited but their worth if located today would run into the millions of dollars.
The great itimidation racket of today to get my gold and scare me out of Probe and a few others only serves as a continuing opportunity to accumulate more of these assets at vastly reduced prices.
It's not about how many fiat dollars you hold, it's about HOW MANY OUNCES OF PHYSICAL GOLD YOU HOLD either directly or indirectly in the companies you have ownership in that have it in the ground.