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QE2 – The Day After, Silver Breaks $26 on the Heels of a RICO Lawsuit & High Grade Monetary Heroin

Posted on Nov 04, 2010 in Economic News, Featured Articles

Kevin Hayden

Gold and Silver are moving like a freight train today.  Silver is sitting at $26.33 currently with no signs of slowing down and Gold is about to break $1,400.

QE2 – The Day After: Entire World Blasts Deranged Madman’s Uncheckable Insanity

Yesterday’s Ben Bernanke penned an Op-Ed in which he essentially said: “I am doing whatever I interpret my mandate to be, which right now means only thing: Dow 36,000. I am only accountable to the private bank that is the Federal Reserve, a few Wall Street CEOs, and no one else. Congress has no power over me. Try to stop me.” And while the stock market is so far in love with this exhibition of outright hubris which promises record bonuses even as a record number of Americans subsist on foodstamps and real, not BLS, unemployment is over 20%, putting the Chairman in a long-overdue strait jacket will ultimately require an outright clash between those who still believe in that piece paper called the constitution and the kleptocratic cartel to whom the trade-off between a senior bond impairment and their first born is never all that clear....

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Gunmen Kill 12 During Robbery of Gold Shops, French Airlines Cancel All Flights & China Halts Rare Mineral Exports to US, EU

Posted on Oct 19, 2010 in Economic News

Kevin Hayden


Iraq: 12 Die as Gunmen Storm Baghdad Gold Shops

At least 12 people died when [Blackwater?] gunmen invaded a row of gold shops in the Mansour District of western Baghdad on Sunday and ended up in a gunfight with security forces, police and military officials said. The gunmen used hand grenades and small arms to kill three shop owners. When they emerged, two gunmen, two police officers, a soldier and four civilians were killed in the shootout.

Hayden’s Note:

I think we might start seeing this in America as the price of gold continues to climb.  Conventional burglars and robbers will soon start targeting these metals in shops and homes as the economy continues to sink.  Today’s drop in precious metals is simply in response to China bumping their interest rates up a bit, but gold and silver will continue their steady climb towards $1,425 and $26 respectively by year’s end. 

I do find it highly suspicious that this occurred in Western Baghdad, where thousands of Blackwater agents are stationed.  This screams of “professional operation by highly trained individuals” and not some random group of rag-tag insurgents. ...

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$5,000 Gold = $100-$350 Silver, Ratio Explanation and Investor Says Buy Silver, Rice & Tractor

Posted on Oct 15, 2010 in Economic News

Kevin Hayden

$5,000 Gold Equates to $100 – $350 Silver – Here’s Why

By: Lorimer Wilson

108 respected economists, academics, analysts and market commentators are of the firm opinion that gold will go to $2,500 and beyond before the parabolic peak is reached. In fact, the majority (75) think a price of $5,000 or more -even as high as $15,000 – is actually more likely.  As such, just imagine what is in store for silver given its historical price relationship with gold.

See also: Whistleblower Exposes JP Morgan’s Silver Manipulation Scheme

See also: Feds Launch Probe into JP Morgan Trades in Silver Pit

Let’s look at the gold : silver ratio from several different perspectives:
– Over the past 125 years the mean gold:silver ratio (i.e. 50% above and 50% below) has been 66.9 ounces of silver to 1 ounce of gold.
– In the last 25 years (since 1985) the mean gold:silver ratio has increased to 45.69:1
– The present gold:silver ratio has been range-bound between 60:1 and 70:1 (58.8:1 as of October 6/10).
– Interestingly, during the build-up to the parabolic blow-off in 1979/80 silver outpaced gold going up 732.5% vs....

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Dollar Tanks, Bernanke’s Speech, New Gold Records and 100k Foreclosures in 30 Days

Posted on Oct 14, 2010 in Economic News, Federal Reserve & Bankers

Kevin Hayden

Dollar tanks, stocks drop as Bernanke speech looms

European and U.S. stock markets mostly fell Thursday as investors awaited a speech from the Federal Reserve chairman that is expected to give more clarity on what the central bank is planning to do to prop up the ailing U.S. economy.

However, the prospect of more dollars floating around the system continued to pile the pressure on the currency itself.


Gold Hits New Record as the Dollar Continues to Weaken

Spot gold rose to a fresh all-time high on Thursday, riding on the back of a weaker dollar, as investors expect more monetary easing from the Federal Reserve to jump start the economy.

* Spot gold XAU= rose to a fresh all-time high at
$1,376.95 an ounce, and eased to $1,375.65 by 0035 GMT
* U.S. gold futures for December delivery GCZ0 also hit a
new record high at $1,377.9.
* The dollar fell to its lowest against a basket of
currencies in nine months on Thursday, supporting the rally in
commodities prices.
* Spot gold XAU= is expected to rally towards $1,404 per
ounce as it has climbed above a consolidation range between
$1,324.85 and $1,364, said Wang Tao, a Reuters market

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Gerald Celente: National Emergency Will Trigger Bank Holiday

Posted on Oct 11, 2010 in Economic News, Federal Reserve & Bankers

Source: YouTube & GoldSeek Radio

Gerald Celente tells GoldSeek Radio global currency devaluation will result in “Great War” and a bank holiday.


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The Next Phase of Gold’s Meteoric Rise

Posted on Oct 04, 2010 in Featured Articles, Federal Reserve & Bankers

Source: Seeking Alpha

Now that gold is muscling its way towards $2,000/ounce, the forces of ignorance embodied by post-secondary-accredited yet nonetheless clueless commentators are being given voice by government sponsored media outlets such as CNN. Tokyo Rose was the generic handle accorded to any of a dozen women who, during World War 2 broadcast programming designed to undermine the morale of American troops over the radio.

Coverage such as stories like “The Case Against Gold” on CNN Money are designed to undermine the determination of gold accumulators who are genuinely frightened about the purchasing power of their dollars as their government ‘quantitatively eases’ the economy back onto its feet. By continuously counterfeiting fiat currencies and flooding the markets with such ersatz lucre, the final rush towards economic collapse is momentarily cushioned.

But make no mistake. The acceleration of the rate at which gold increases – the average has been $87 per year since 2000, and in the last 365 days from today, that number is $317 – is an analogous signal that the rate of deterioration of the global economic system as a whole is itself accelerating proportionately....

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Economic News, Oct. 1st, 2010 – Gold, Economic Collapse and the Unraveling Fed

Posted on Oct 01, 2010 in Economic News, Federal Reserve & Bankers

Kevin Hayden

Good evening, everyone!

I’ve decided to change up the Economic News section a bit.  I’ll still be bringing you full articles but on a less frequent basis.  More like a weekly editorial or guest article and I’ll probably post that under Featured Articles.  In lieu of multiple daily updates, I’ll be offering several links to the top stories I find.  Traditionally, when I post stories it takes 5-10 minutes to copy, format and get the links adjusted and proper credit given to the source.  Also, I carefully read each story to make sure it’s not full of disinformation, lousy reporting or other erroneous material.

That alone limits how many stories I post each day, so by simply linking you to the top stories, I can get 5 or 6 stories posted up for you to read in the same time frame, although I can’t read them quite as carefully.  There might be some things I disagree with in these stories, but overall – I will be presenting stories that have an impact on your economic and financial situation. ...

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Gold and the Currency Markets

Posted on Sep 29, 2010 in Economic News

Source: Global Research

It is interesting to watch Wall Street defy reality. This is a scene we’ve observed since the early 1960s, the effect of debt on the economy and the nation and in turn on its currency. The result of the profligacy over all those years is the biggest bull market in history in gold and silver. As we write gold is toying with $1,300 and silver with $21.50. Each day a new high is reached in spite of a pending options expiration and the perpetual market rigging and manipulation by the US government.

Hayden’s Note:

I highly recommend you read this entire article.  This isn’t your typical “Buy gold!”-type article.  Instead, it accurately describes the bigger picture (especially towards the last 1/3 of the post) and that is something you need to understand now, not later.

One of the things that astound us is that few professionals have seen this coming over the past 10-1/2 years, and even those that do believe do not think this is an earth-shaking event. What we are about to experience is an event that only occurs every 300 to 500 years....

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Will Silver Now Take the Lead? Thumbnail

Will Silver Now Take the Lead?

Posted on Sep 21, 2010 in Economic News

Source: Seeking Alpha

For the past two years, silver has traded at a discount to gold. Typically, gold sells for 55 times the price of silver, but since August of 2008, the ratio has tilted heavily in the favor of gold. The chart below shows this ratio which is calculated by simply dividing the spot price of gold by the spot price of silver.

I’ve written about this ratio frequently, and I’ve pointed out that it is “mean-reverting”, which is just a fancy way of saying that it eventually returns to the average. It’s returned back to the average hundreds of times in the past 120 years – and it’s one of the most reliable mean reverting ratios out there. It’s the Old Faithful of the investment world.

With silver taking off, some investors might expect a correction. But even with silver prices north of $20, the ratio is still showing that silver prices are relatively cheap.

The price performance of silver shows a strong uptrend is currently underway, but I’ve been expecting a push on silver’s price for months now....

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Economy in for a Long Dark Period – Here’s How to Survive Thumbnail

Economy in for a Long Dark Period – Here’s How to Survive

Posted on Aug 11, 2010 in Economic News

Source: Safe Haven

Economy in for a Long Dark Period – Here’s How to Survive

The success of the multi-year machinations of the U.S. Government and the Federal Reserve’s attempts to manage the fiscal crisis can best be summarized in a single word – and that word is ephemeral – yes, ephemeral! This beautifully succinct word, ephemeral, is defined as “lasting for only a short period of time and leaving no permanent trace.” Yes, indeed, what better word is there to describe the Government’s so-called rescue plan than ephemeral – here today and gone tomorrow – and without a trace of lasting benefit!

While I tend to be short on words and to the point, as my previous articles* will attest, trying to achieve both accuracy and brevity on this subject was difficult to achieve but what follows should provide a reasonably fair and complete assessment.

Myriad of Statistical Measurements are Being Manipulated and Massaged

There have been a myriad of statistics presented by analysts attempting to quantify the short- and long-term impact of the economic and fiscal policies deployed over the last couple of years....

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Alternate Currency Being Accepted Across Mid-Michigan

Posted on Jul 21, 2010 in Economic News

Source: NBC 25 Michigan

New types of money are popping up across Mid-Michigan and supporters say, it’s not counterfeit, but rather a competing currency called the Liberty Dollar (varying denominations of silver).

Right now, you can buy a meal or visit a chiropractor without using actual U.S. legal tender.  They sound like real money and look like real money. But you can’t take them to the bank because they’re not made at a government mint. They’re made at private mints.

“I sell three or four every single day and then I get one or two back a week,” said Dave Gillie, owner of Gillies Coney Island Restaurant in Genesee Township.  Gillie also accepts silver, gold, copper and other precious metals to pay for food.

He says, if he wanted to, he could accept marbles.

“Do people have to accept dollars or money? No, they don’t,” Gillie said. “They can accept anything they want or they can refuse to accept anything.”

He’s absolutely right.

The U.S. Treasury Department says the Coinage Act of 1965 says “private businesses are free to develop their own policies on whether or not to accept cash, unless there is a state law which says otherwise.”

That allows gas stations to say they don’t accept 50- or $100 bills after a certain time of day in hopes of not getting robbed.  ...

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Another Perfectly Abnormal Day In The Life Of Gold Manipulation Thumbnail

Another Perfectly Abnormal Day In The Life Of Gold Manipulation

Posted on Jul 14, 2010 in Economic News

Source: Zero Hedge

One can almost smell the LBMA panic at the highs of the day. The resultant paper gold assault is a sight to behold. Either that, or HFTs have decided to extend the Hurst Exponent to 100 as yet another market gets “fractalized.”


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UN Report Suggests Scrapping Dollar – Lengthy Editorial by Hayden Included

Posted on Jun 30, 2010 in Featured Articles, Federal Reserve & Bankers

Source: Reuters

Commentary: Kevin Hayden

A new United Nations report released on Tuesday calls for abandoning the U.S. dollar as the main global reserve currency, saying it has been unable to safeguard value.

But several European officials attending a high-level meeting of the U.N. Economic and Social Council countered by saying that the market, not politicians, would determine what currencies countries would keep on hand for reserves.

“The dollar has proved not to be a stable store of value, which is a requisite for a stable reserve currency,” the U.N. World Economic and Social Survey 2010 said.

Hayden’s Note:

The US Dollar is not a stable store of value because it is not based on any tangible item.  It is a fiat currency; that is, it holds value simply by fiat – by decree or lawful order.  Nixon took us completely off the gold standard, which unhinged the US Dollar from anything valuable other than the “full faith and good credit of the United States.”  Do you believe that the United States could actually make good on it’s “promissory notes” (Federal Reserve notes or dollars) if everyone were to “cash them in?”  What about in 10 years? ...

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Lord Rothschild Fund Joins World Gold Council to Put £12.5m into BullionVault (with’s response)

Posted on Jun 22, 2010 in Economic News

Source: London Telegraph

An investment fund backed by Lord Rothschild has joined the World Gold Council to put £12.5m into BullionVault, the online gold investment platform.

Hayden’s Note:

See’s response below, who is was an avid promoter of BullionVault.  Kevin, the Editor of Cryptogon, is pretty savvy when it comes to the market and investments.  When he says he will immediately stop promoting and using BullionVault even though his readers have invested over $2 million dollars with them is something you should take note of.

From –

That’s it for me. I’m finished promoting BullionVault for use by Cryptogon readers. I know that many of you have substantial holdings with BullionVault. In fact, Cryptogon readers have deposited just over US$2 million with BullionVault. It’s not that I see any imminent threat to your holdings from this, but it simply doesn’t pass my smell test.

“Lord” Jacob Rothschild doesn’t have my best interests in mind. And if you’re reading this site, he probably doesn’t have your best interests in mind either. (These are polite understatements.)

I’m not suggesting that you should stay with BullionVault, or not stay with BullionVault.


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Mark Dice on the New World Order, Owning Gold & Silver and Hyper-Inflation

Posted on Jun 16, 2010 in Blog, Editorials, & Thoughts

Source: Mark Dice

People against the New World Order will often be interested in investing in gold and silver—particularly physical gold and silver—meaning they purchase coins or bars that they themselves take physical possession of, rather than just buying gold or silver stocks or certificates.  The reason for this is because gold and silver are seen as real money, as opposed to a fiat currency like the US dollar.  A fiat currency is a currency that isn’t backed by gold or silver.  Before 1971 the US dollar was backed by gold which meant that for every dollar in circulation, there was one dollar worth of gold in possession by the federal government or the Federal Reserve Bank.  This was a way to keep inflation low since the gold supply only slowly increased, so then would inflation.

But in 1971 President Nixon took the US dollar off the gold standard, meaning the Federal Reserve could print money and put it in circulation that was not backed by gold, so the rate of inflation was no longer connected to the amount of gold in existence, but rather to the number of dollars the Federal Reserve wanted to print....

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