Where's The Gold?

[zengrifter]

In "Where's The Gold?" Las Vegas Tribune revealed existence of a golden global shellgame being perpetrated at the highest levels of the world's central banks, and why this means that the price of gold is going skyward, perhaps well beyond $1000 an ounce in soon coming years, largely because the gold is gone - the central banks no longer holding nearly as much as they claim. zg

WHERE'S THE GOLD?
Where's The Gold part-1
Where's The Gold part-2

[sagefr0g]

http://money.howstuffworks.com/question213.htm

if you took all of the gold in the world and put it in one place, how much would there be?

It is amazing, but the total amount of gold in the world is a surprisingly small quantity. Here's how you can calculate the total amount that is available.

If you look at a page like this one, or if you look it up in an encyclopedia, you will find that the annual worldwide production of gold is something like 50 million troy ounces per year. Gold has a specific gravity of 19.3, meaning that it is 19.3 times heavier than water. So gold weighs 19.3 kilograms per liter. A liter is a cube that measures 10 centimeters (about 4 inches) on a side. There are 32.15 troy ounces in a kilogram. Therefore, the world produces a cube of gold that is about 4.3 meters (about 14 feet) on each side every year. In other words, all of the gold produced worldwide in one year could just about fit in the average person's living room!

This cube weighs 1,555,210 kilograms (3,110,420 pounds). A recent spot price for gold was $256.10 U.S. -- using that number, all of the gold produced in a year is worth $12,805,000,000. That's a lot of money, but not an unimaginable amount. For example, that's about how much the Pentagon spent launching the GPS satellite system. NASA's budget in 1998 was $13.6 billion.

Figuring out the total amount of gold that has been produced by man is a little harder. To get at some kind of estimate, let's figure that the world has been producing gold at 50 million ounces a year for 200 years. That number is probably a little high, but when you figure that the Aztecs and the Egyptians produced a fair amount of gold for a long time, it's probably not too far off. Fifty million ounces * 200 years = 10 billion ounces. Ten billion ounces of gold would fit into a cube roughly 25 meters (about 82 feet) on a side. Consider that the Washington Monument measures 55 feet by 55 feet at its base and is 555 feet tall (17 x 17 x 170 m). That means that if you could somehow gather every scrap of gold that man has ever mined into one place, you could
only build about one-third of the Washington Monument.

[zengrifter]

Originally Posted by zengrifter

In "Where's The Gold?" Las Vegas Tribune revealed existence of a golden global shellgame being perpetrated at the highest levels of the world's central banks, and why this means that the price of gold is going skyward, perhaps well beyond $1000 an ounce in soon coming years, largely because the gold is gone - the central banks no longer holding nearly as much as they claim. zg

WHERE'S THE GOLD?
Where's The Gold part-1
Where's The Gold part-2

Read the above FIRST. zg

------------------
Controlling The Price Of Gold

By Joel Skousen
World Affairs Brief
rense.com / 10 -5 -7

Part of that control is controlling real money-the precious metals. More and more gold traders are coming to the inescapable conclusion that the financial Powers That Be (PTB) are deliberately suppressing the price of gold in order to mask a real inflation rate of over 10% per annum. The dollar is crumbling at home and abroad and Fed chief Ben Bernanke is still talking about 2% inflation! This is a key strategy to hide the inflationary effects of fiat money that dovetails downward manipulations of the CPI and the PPI with other tactics to obscure the flood of money creation. This is why the fed stopped publishing M3, the broadest indicator of government expansion of money and credit. All of this adds to the arsenal of evidence pointing to multiple government conspiracies--the key issue that must be driven home to ordinary citizens if we are to preserve liberty. No other issue is as crucial as proving conspiracy on a large scale.

But, there will be no big name defectors, nor direct proofs. We will always be relegated to compiling dozens of examples of manipulation and piecing them all together into a pattern of collusion. James Turk of the The Freemarket Gold & Money Report (http://www.fgmr.com) wrote an excellent primer on the subject of central bank manipulation of gold pricing. Here are some key excerpts with [my comments in brackets]:

It is becoming a well-known 'secret' that governments are trying to manage the gold price by intervening in the gold market, and Friday's trading was a good example of their fiddling with the free-market process. Here are some pointers for everyone interested in learning how governments intervene in the gold market.

...more - http://rense.com/general78/control.htm

See also - Central banks caught in gold squeeze may crush dollar

[Brutus]

this morning Gold is at 763.90

hold on to your hats.

[eps6724]

I'm confused...aren't we OFF the gold standard? How does this affect our economy?

[aslan]

Originally Posted by eps6724

I'm confused...aren't we OFF the gold standard? How does this affect our economy?

Probably no more than any other commodity. The price of gold could be solely the result of speculation and fear during times of crisis (namely, middle eastern war and threats of war, fear of coming disasters, like 2012 and thereafter, growing terrorism). But it's not out of the question that it is also being manipulated (remember the Hunt brothers trying to corner the silever market?). If so, an investigation should be able to uncover who the culprits are; I doubt if hugh quantities of gold bullion could be delivered in secrecy with no paper or physical trail. In any case, I wouldn't touch gold right now with a ten foot pole--it's too expensive, even though it's probably going to go higher--one day it's going to crash, because whether it's speculation or artificial scarcity, it always returns to its natural level when these things subside, and they always do. If you hold gold and do not get out in time, you may find yourself with $700 gold that won't get $300. And if you're holding on margin, forget about it! You're cooked.

[glovesetc]

if you are playing on margin and the market goes limit down for like 2 weeks straight you are cooked , sliced and served !!!! Remember gold in early 1980 -it hit like $854 and change and silver was like $54 and change . Do the math folks - if you had gold at even $600.00 an ounce and had to hold it 26 years to get back to your original investment how much did you lose ??? Plenty as interest back in the early 80's was 10% anywhere .

[aslan]

Originally Posted by glovesetc

if you are playing on margin and the market goes limit down for like 2 weeks straight you are cooked , sliced and served !!!! Remember gold in early 1980 -it hit like $854 and change and silver was like $54 and change . Do the math folks - if you had gold at even $600.00 an ounce and had to hold it 26 years to get back to your original investment how much did you lose ??? Plenty as interest back in the early 80's was 10% anywhere .

How I remember it. I was conservative and got out before the bottom fell out. It financed my first home.

[glovesetc]

I had pretty large silver holdings and bailed out at $49.99 the ounce . Then kicked myself in the ass as it went to $54.00 an ounce but then the next week it crashed - can you spell CRASHED - so I was happy and bought my wife and I a summer home in Lake Chautaqua and paid cash for my first house as well . Those were sweet times !!!! Hogs get fat and pigs get slaughtered as well !!!!! I must be a hog cause I have not ended up in a BBQ pit or as bacon or sausage - LMAO !!!! Knowing when to quit and self discipline can even make a ploppy as winner believe it or not !!!!!

[aslan]

Originally Posted by glovesetc

I had pretty large silver holdings and bailed out at $49.99 the ounce . Then kicked myself in the ass as it went to $54.00 an ounce but then the next week it crashed - can you spell CRASHED - so I was happy and bought my wife and I a summer home in Lake Chautaqua and paid cash for my first house as well . Those were sweet times !!!! Hogs get fat and pigs get slaughtered as well !!!!! I must be a hog cause I have not ended up in a BBQ pit or as bacon or sausage - LMAO !!!! Knowing when to quit and self discipline can even make a ploppy as winner believe it or not !!!!!

I believe it!

...............Signed: A Fellow Hog