Gold.

[Stephen Morgan]

You know what's really in line for a return to value? Cowrie shells. Buy 'em now, before the adverts start on Glenn Beck. And unlike fiat currencies, they've got a real inherent value and a limited supply. They're just the thing if you find yourself wandering around the Maldives or Central Africa circa 1750.

[Marie Laveau]

Funnily enough S.M., these were used as a means of exchange not only by Native Americans, but by the Europeans who came here:

http://inkwellsantafe.com/Mary/Images/Wampum

Just one more example.

[smiths]

i dint say that gold had any intrinsic value, i said i thought it was valued throughout time
but nothing can have a definitive value put on it, not gold, not labour, not tulips

"Gold is the child of Zeus
neither moth nor rust devoureth it"
Pindar, c.522-422 BC

In reality, dog poop could have just as much value to the common person

no, dogpoop couldnt.

dogpoop is affected by exposure to air and liquids and to most reagents,
its pathetic durability, strength, malleability and disintegration in the face of corrosive agents means that dogpoop could never be used to prevent the astronauts from being bombarded by sunlight when they’re in space without the protection of the atmosphere,
dogpoop couldnt have coated the disks on voyager sent out into time and space to record our existence

For the same reasons dogpoop cannot be used for a vital role in components used in a wide range of electronic products and equipment, including computers, telephones, cellular phones, and home appliances

Because dogpoop does not have extraordinarily high reflective powers it would also be useless in industrial and medical lasers that use gold-coated reflectors to focus light energy and i dont think it could be used for medical research and the direct treatment of arthritis and other intractable diseases

Dogpoop turns out to be redundant as far as nanotechnology is concerened and is useless for reducing exhaust fumes, cannot be used as 'bonding' wire to bond or connect parts of semi-conductors, such as transistors and integrated circuits.

The jury is still out on whether dogpoop is advancing 'Thick' and 'thin' film for micro-circuitry.

Finally, Dogpoop has proved unpopular in dentistry. People dont want shit in there mouth and even if they did the hopeless malleability and resistance to corrosion in the mouth required by dentistry means that gold would be the best candidate anyway.

[Marie Laveau]

vital role in components used in a wide range of electronic products and equipment, including computers, telephones, cellular phones, and home appliances

So you are saying, in the great scheme of things, that these trinkets are important?

I disagree. Food is important. Shelter is important. Water is important.

prevent the astronauts from being bombarded by sunlight when they’re in space without the protection of the atmosphere,

Seriously? Astronauts?

Dogpoop turns out to be redundant as far as nanotechnology

nanotechnology, it turns out, is redundant. Especially for the brave new world into which we are headed. Unless, of course, TPTB manage to really and truly realize that NWO all the fundies go on and on about.

Dogpoop, however, is quite the useful tool in replacing nitrogen in the soil to grow food. Something that is, so far, not redundant. Unless that guy who says he lives on sunlight is correct.

[smiths]

ok, i get your point,

when the entire modern system implodes, and six billion people are reduced to building little huts from the debris, and when they are brawling or foraging for food and growing potatoes in the reclaimed parking lots, then, gold wont have any value

no it wont

[Marie Laveau]

Well, you're going to a bit of an extreme position.

I'd say ask a Somali if gold has any value. Or, heck,even your average Russian who doesn't have any. Perhaps we might ask an inner city child what sort of value gold has for them. Ask an enslaved black miner in South Africa, whose life expectancy is about 35, how important gold is.

In fact, you could use any of these people, and so many more, to say that gold not only holds no positive value for them, but in many ways is a malignant causation for the position in which they find themselves.

It's so easy to be a white person in a well-off country, isn't it? A discussion on gold reminds me of discussions on the positive effects of globalizaton.

"He who has the gold rules." I would amend that to say, "He who has the most gold rules."

[2012 Countdown]

i dint say that gold had any intrinsic value, i said i thought it was valued throughout time
but nothing can have a definitive value put on it, not gold, not labour, not tulips

"Gold is the child of Zeus
neither moth nor rust devoureth it"
Pindar, c.522-422 BC

In reality, dog poop could have just as much value to the common person

no, dogpoop couldnt.

dogpoop is affected by exposure to air and liquids and to most reagents,
its pathetic durability, strength, malleability and disintegration in the face of corrosive agents means that dogpoop could never be used to prevent the astronauts from being bombarded by sunlight when they’re in space without the protection of the atmosphere,
dogpoop couldnt have coated the disks on voyager sent out into time and space to record our existence

For the same reasons dogpoop cannot be used for a vital role in components used in a wide range of electronic products and equipment, including computers, telephones, cellular phones, and home appliances

Because dogpoop does not have extraordinarily high reflective powers it would also be useless in industrial and medical lasers that use gold-coated reflectors to focus light energy and i dont think it could be used for medical research and the direct treatment of arthritis and other intractable diseases

Dogpoop turns out to be redundant as far as nanotechnology is concerened and is useless for reducing exhaust fumes, cannot be used as 'bonding' wire to bond or connect parts of semi-conductors, such as transistors and integrated circuits.

The jury is still out on whether dogpoop is advancing 'Thick' and 'thin' film for micro-circuitry.

Finally, Dogpoop has proved unpopular in dentistry. People dont want shit in there mouth and even if they did the hopeless malleability and resistance to corrosion in the mouth required by dentistry means that gold would be the best candidate anyway.

Indeed. I don't think dog poop is any good for solar panels either. And if attitude and denial were currency, that poster would be a millionaire. Dismiss over 4000 years out of hand, and repeat the obvious 'you can't eat it' again and again.
Love the condescension though, especially when it is they who are in error. "Food, water, shelter are important". Again with the obvious. I guess extension of credit and government promissory note by the bankers are the preferred medium of exchange. Gold however is to he hated and dismissed though? Okay, suit yourself. Then again, since we are on a conspiracy website, we are apparently supposed to believe otherwise. We are not true 'conspiracy' buffs I guess. I guess we are however supposed to want to trade in bushels of wheat, and have grain silos at home for savings banks. Yes, let us ask the 'Somali, Russian, or inner city kid' if gold has any value for them. I will bet the answer would be a definite YES. And since we are playing insanity, you want to know what the only thing that has 'intrinsic value'? Guns. He who has the bullets makes the rules. Water, food, shelter? Ha! Give me my shotgun and pistols, I can get any and all of anything else. And it is still the case, he who has the most of ANYTHING we say has value, 'makes the rules'.

Edit to add this post on another thread, which I agree with, but find both curious and contradictory within this thread-

He's really a "madman?" I thought that was all propaganda.

Also: how much gold does Libya have? Quite a bit, from what I understand.

G.O.D. (Gold, Oil, Drugs) It's what runs the world.

Just sayin'.

"Just sayin'"


====
An earlier thread among others, so that since some insist, we can beat this horse yet again...

RI thread- alternative currencies/tent cities/USD collapse
viewtopic.php?f=8&t=31264&hilit=alternative+currency
Its 5 pages long. This is on page 4.

------

A Chemist Explains Why Gold (And NOT dog poop)...

Published: November 19, 2010
by Jacob Goldstein
by David Kestenbaum
The periodic table lists 118 different chemical elements. And yet, for thousands of years, humans have really, really liked one of them in particular: gold. Gold has been used as money for millennia, and its price has been going through the roof.
Why gold? Why not osmium, lithium, or ruthenium?
We went to an expert to find out: Sanat Kumar, a chemical engineer at Columbia University. We asked him to take the periodic table, and start eliminating anything that wouldn't work as money.
The periodic table looks kind of like a bingo card. Each square has a different element in it — one for carbon, another for gold, and so on.
Sanat starts with the far-right column of the table. The elements there have a really appealing characteristic: They're not going to change. They're chemically stable.
But there's also a big drawback: They're gases. You could put all your gaseous money in a jar, but if you opened the jar, you'd be broke. So Sanat crosses out the right-hand column.
Then he swings over to the far left-hand column, and points to one of the elements there: Lithium
"If you expose lithium to air, it will cause a huge fire that can burn through concrete walls," he says.
Money that spontaneously bursts into flames is clearly a bad idea. In fact, you don't want your money undergoing any kind of spontaneous chemical reactions. And it turns out that a lot of the elements in the periodic table are pretty reactive.
Not all of them burst into flames. But sometimes they corrode, start to fall apart.
So Sanat crosses out another 38 elements, because they're too reactive.
Then we ask him about those two weird rows at the bottom of the table. They're always broken out separately from the main table, and they have some great names — promethium, einsteinium.
But it turns out they're radioactive — put some einsteinium in your pocket, and a year later, you'll be dead.
So we're down from 118 elements to 30, and we've come up with a list of three key requirements:
Not a gas.
Doesn't corrode or burst into flames
Doesn't kill you.
Now Sanat adds a new requirement: You want the thing you pick to be rare. This lets him cross off a lot of the boxes near the top of the table, because the elements clustered there tend to be more abundant.
At the same time, you don't want to pick an element that's too rare. So osmium — which apparently comes to earth via meteorites — gets the axe.
That leaves us with just five elements: rhodium, palladium, silver, platinum and gold. And all of them, as it happens, are considered precious metals.
But even here we can cross things out. Silver has been widely used as money, of course. But its reactive — it tarnishes. So Sanat says it's not the best choice.
Early civilizations couldn't have used rhodium or palladium, because they weren't discovered until the early 1800s.
That leaves platinum and gold, both of which can be found in rivers and streams.
But if you were in the ancient world and wanted to make platinum coins, you would have needed some sort of magic furnace from the future. The melting point for platinum is over 3,000 degrees Fahrenheit.
Gold happens to melt at a much lower temperature, which made it much easier for pre-industrial people to work with.
So we ask Sanat: If we could run the clock back and start history again, could things go a different way, or would gold emerge again as the element of choice?
"For the earth, with every parameter we have, gold is the sweet spot," he says. "It would come out no other way."
Today of course, we don't use gold as money; we use paper. It doesn't kill you, but it can be found in abundance and has an annoying tendency to burn when it comes into contact with a flame.
In a future story, we'll explain how we came to use paper money instead of gold.
For more:
This story is the second in a series. The first installment is here: "We Bought Gold!" [Copyright 2011 National Public Radio]
---

TRANSCRIPT:

STEVE INSKEEP, host:
Gold is just one of the many elements listed on the periodic table of elements. It's the one we humans have prized that most, the one we've used as money for millennia. And yet, why gold? Why not Why not osmium or lithium or ruthenium? Today, our Planet Money team tackles that question. Here are and David Kestenbaum and Jacob Goldstein.
JACOB GOLDSTEIN: For those of you who havent seen a periodic table since 10th grade chemistry, it looks kind of like a bingo card. Each square has a different element in it. There's a square for carbon, one for tin and another for gold.
DAVID KESTENBAUM: And were going to go through it kind of like a game of bingo. Crossing stuff out that wont work as money. Jacob. I am rooting for osmium.
GOLDSTEIN: I got a good feeling about lithium.
KESTENBAUM: To help us out. We have a professional - Sanat Kumar. Sanat knows all the elements in the universe, because he is chair of the chemical engineering department at Columbia University.
GOLDSTEIN: Sanat starts at the far right side of the periodic table. The things there have a really appealing characteristic. Theyre not going to change. Theyre chemically stable.
MR. SANAT KUMAR (Chairman, Chemical Engineering Department, Columbia University): Helium, Neon, Argon, Krypton, Xenon, Radon.
KESTENBAUM: Those are the Noble Gases.
MR. KUMAR: Correct.
GOLDSTEIN: So they're good in way because they're nonreactive. They're not going to change. Big drawback: a gas.
(Soundbite of laughter)
GOLDSTEIN: You could have your money like in jar. But then if you open the jar, youd be broke.
MR. KUMAR: Basically, yeah.
(Soundbite of laughter)
KESTENBAUM: If you're playing at home, you can cross out the right most column - Helium down through Radon.
GOLDSTEIN: So now, Sanat swings to the left most column of the Periodic Table, and he gets over to my pick, Lithium.
MR. KUMAR: If you expose lithium to air it will cause a huge fire that can burn through concrete walls.
GOLDSTEIN: Money that spontaneously bursts into flames: Bad idea. And it turns out that most of the elements out there are like Lithium, pretty reactive.
KESTENBAUM: Not all burst into flames. But youll get chemical reactions. You know how Iron rusts? Something similar might happen.
GOLDSTEIN: Based on that, Sanat crosses out another 38 elements. Then we ask him about these two weird rows at the bottom: The Lanthanides and Actinides.
MR. KUMAR: The Actinides are all radioactive.
KESTENBAUM: So these are, again, things that would not make a very good coin because you'd come back a year later and two percent of it would be gone, or something.
MR. KUMAR: Or maybe more than. But in the process you'd be dead, as well.
KESTENBAUM: Okay. Alright, you convinced us. We can cross those off.
(Soundbite of laughter)
GOLDSTEIN: So now we're down from 118 elements to 30.
KESTENBAUM: Our requirements so far: One, not a gas; Two, doesnt corrode or burst into flames; Three, doesnt kill you.
GOLDSTEIN: Now, Sanat adds a new requirement. You want the thing you pick to be rare. And this eliminates a lot.
MR. KUMAR: Titanium, Vanadium, Chromium, Manganese, Iron...
KESTENBAUM: But you dont want an element that is too rare. And that is why my favorite, Osmium, the densest of all the elements, gets the axe.
MR. KUMAR: Osmium is probably one of the rarest things around.
KESTENBAUM: Why?
MR. KUMAR: I have no clue. It apparently comes in with meteorites.
GOLDSTEIN: Now we're now down to just five.
KESTENBAUM: Ladies and gentleman, our final contestants are...
(Soundbite of drumming)
KESTENBAUM: Rhodium, Palladium, Silver, Platinum and Gold.
GOLDSTEIN: So, using just chemistry, weve ended up with only what are called Precious Metals.
KESTENBAUM: But even here we can cross things out. Silver has been used as money. But Sanat says it tarnishes, so it's not the best choice.
GOLDSTEIN: And early civilizations couldnt have used Rhodium or Palladium. Those werent discovered until the early 1800s.
KESTENBAUM: That leaves Platinum and Gold. You can find both of them in rivers and streams.
GOLDSTEIN: But if you were in the ancient world and you wanted to make Platinum coins, you'd need some kind of crazy furnace from the future.
KESTENBAUM: The melting point for Platinum is over 3,000 degrees Fahrenheit. Gold, just by chance, melts at a much lower temperature.
MR. KUMAR: It's things like that. I mean it's all these things that brought it together that makes Gold unique.
KESTENBAUM: So imagine were on Earth. We get to rewind the clock and lay out history again. Maybe it goes a different way. Do you think it would go a different way? Or do you think, you know, probably again humans would settle on Gold?
MR. KUMAR: Im convinced, given what we know now and reconstructing it, for the Earth with every parameter we have, Gold is the sweet spot. And it would come out no other way.
KESTENBAUM: Today, of course, we dont use Gold as money. We just use paper -which burns, can be found anywhere but it doesnt kill you.
GOLDSTEIN: In a future story, well talk about how we got to paper money.
Im Jacob Goldstein.
KESTENBAUM: Im David Kestenbaum, NPR News.
INSKEEP: You're listening to MORNING EDITION from NPR News. Transcript provided by NPR, Copyright National Public Radio.

http://m.npr.org/news/front/131430755?singlePage=true


==
For those in the real world though, I think gold is going to fall.
We are due for a serious drop. Maybe down to $1400-$1600 before the next leg up -or crash.
Again, who really knows.

[Elihu]

http://professorfekete.com/articles%5CA ... nTheGo.pdf

Gold on the go
Gold sitting in vaults is one thing, and gold on the go is another. Gold on the go is as different from gold in hoards as day is from night. The former suggests confidence in the present and radiant optimism about the future. You dare spend your gold coin as you fully expect it to come back to you on the same terms. The latter suggests fading confidence in the present and deep pessimism about the future. The gold coin is not to be spent. It may never come back to you.
Whenever gold is being hoarded, there is a danger that the economy will plunge to its worst levels, possibly all the way back to barbarism. If all the gold is hoarded, prosperity will collapse regardless of the state of knowledge and technology. But if the Mint is re-opened, gold will flow to the Mint and the economy may rise from the dead. People will be talking about an „economic miracle”. Our leaders fail to see this. To them gold is still the „barbarous relic”, rather than the elixir of life, turning the moribund economy around from the brink.
Key to confidence
Trade and commerce, and prosperity that depends on them, hinge upon two primal ingredients: integrity and confidence. It is the function of money to implement their existence and interaction. For 63 centuries they have worked together since the first gold slug was used in exchange by men. Gold is the key to confidence. The universal acceptability of gold throughout history has enabled the agencies of production, consumption, exchange, and distribution to bring about the highest level of prosperity commensurate with the prevailing level of knowledge and technology. Take gold out and, lo and behold: knowledge and technology will no longer uphold prosperity. Sinking back to the Dark Ages becomes inevitable.

Dark Ages
We no longer talk about deflation and depression. We face the Second Coming of the
Dark Ages. At the time of the collapse of the Roman Empire all the gold was still available
that had kept a munificent world trade going. The trouble was not a shortage of gold.
The trouble was that gold was going into hiding. Had it been put back into circulation,
then the Dark Ages could have been fended off. It did not happen, because of the
ignorance and selfishness of the leaders, and their self-conceit that a fast-depreciating
monetary system will serve the purposes of their Empire. As gold was going into hiding,
and there was no statesmanship to press it back into service, there was no way to save
civilization in the Western part of the Roman Empire.
It is important to understand that the Dark Ages that followed, and gold going into
hiding, are just two sides of the same coin. We have the same double threat facing us
today. This time, too, the Dark Ages could last several hundred years.

People crying out in despair
Our government leaders conducting our irredeemable currency and credit program do not
understand that people can be faced with tragedy and disaster in the wake of the
collapse of the monetary system. Until such a devastating catastrophe occurs, they
proceed as though some special Providence will protect this nation from the monetary
and social chaos in which the helpless and hopeless mass of people cry out in despair.
People can do little or nothing but suffer because inept men, in the area of monetary
economics, threw the Constitution to the winds, usurped unlimited power, and took possession of the monetary program of the nation.
When monetary statesmanship is replaced by foolishness, recklessness, irresponsibility, and related examples of human misbehavior, catastrophe and chaos await the unfortunate nation caught in that frequent tragedy of mankind.

Floating by sinking
You don’t need a war on home soil to de-industrialize your country. The United States has accomplished that feat bit-by-bit since 1971, the apogee of her industrial power which, not surprisingly, coincided with severing the last link between the dollar and gold. The most astounding part of it was that nothing has been done to arrest the decline during all those years. The warnings of monetary economists have been ignored, even ridiculed. The United States persisted with the Friedmanite program of ‘floating by sinking’. The dollar has been subjected to continuous and conscious debasement ever since 1972 in spite of the obvious damage it was doing to America’s industrial capital.
Devaluation of the currency is self-mutilation. Floating is devaluation under a disguise ― as if mutilation piecemeal were less painful. Be that as it may, Milton Friedman’s recipe for the floating of the dollar has caused the greatest capital consumption ever recorded by history. It turned Americans into prisoners of “instant gratification”. The lesson, that once industrial capital is consumed or otherwise dissipated it is gone and cannot be replaced by a click of the mouse (as can misused credit), has been ignored.

i recommend the whole article linked of course. money, as a concept, is completely beyond the realm of animals. unfathomable, it has no meaning to them. it only has meaning to humans with their capacity for rational abstraction. as the lifeblood, or hydraulic fluid or whatever, that animates civil interaction between millions of otherwise un-acquainted humans, permitting a division of labor and a meaningful social existence.... we know humans have an evil and predatory side to their nature and a capacity for self-deception. would it not be wise to forbid such an important medium from being monopolized by any particular segment of society? i know gold (and silver) are shiny and we simultaneously love and loathe them, but let's not get distracted. it's about honesty. it's about integrity. anyone think those two things can be banished from society and all will be well?

[Stephen Morgan]

Funnily enough S.M., these were used as a means of exchange not only by Native Americans, but by the Europeans who came here:

http://inkwellsantafe.com/Mary/Images/Wampum

Just one more example.

They were industrially shipped in direct from source by the Europeans, whereas they had previously slowly filtered through many hands to become the currency of Timbuktoo and so on.

[semper occultus]

...dogpoop couldnt have coated the disks on voyager sent out into time and space to record our existence...

...although in many ways a fitting commemoration of human civilisation's effect on the planet...

[hanshan]

...

...dogpoop couldnt have coated the disks on voyager sent out into time and space to record our existence...

...although in many ways a fitting commemoration of human civilisation's effect on the planet...

You know what's really in line for a return to value? Cowrie shells. Buy 'em now, before the adverts start on Glenn Beck. And unlike fiat currencies, they've got a real inherent value and a limited supply. They're just the thing if you find yourself wandering around the Maldives or Central Africa circa 1750.

Yeah, currently stocking the larder. Tx for the heads up


...

[Marie Laveau]

Indeed. I don't think dog poop is any good for solar panels either. And if attitude and denial were currency, that poster would be a millionaire. Dismiss over 4000 years out of hand, and repeat the obvious 'you can't eat it' again and again.
Love the condescension though, especially when it is they who are in error. "Food, water, shelter are important". Again with the obvious. I guess extension of credit and government promissory note by the bankers are the preferred medium of exchange. Gold however is to he hated and dismissed though? Okay, suit yourself. Then again, since we are on a conspiracy website, we are apparently supposed to believe otherwise. We are not true 'conspiracy' buffs I guess. I guess we are however supposed to want to trade in bushels of wheat, and have grain silos at home for savings banks. Yes, let us ask the 'Somali, Russian, or inner city kid' if gold has any value for them. I will bet the answer would be a definite YES. And since we are playing insanity, you want to know what the only thing that has 'intrinsic value'? Guns. He who has the bullets makes the rules. Water, food, shelter? Ha! Give me my shotgun and pistols, I can get any and all of anything else. And it is still the case, he who has the most of ANYTHING we say has value, 'makes the rules'.

Edit to add this post on another thread, which I agree with, but find both curious and contradictory within this thread-

He's really a "madman?" I thought that was all propaganda.

Also: how much gold does Libya have? Quite a bit, from what I understand.

G.O.D. (Gold, Oil, Drugs) It's what runs the world.

Just sayin'.

"Just sayin'"

====

Okay, let's cut to the chase, shall we? Is not every other article and comment these days about how the whole edifice is about to collapse? And it's just not the fiat system that is a house of cards, it's a massively over-populated world using a limited amount of resources. I don't think I have to link any articles on that. They're all over the place. So, we add the fiat/military-industrial system to the over-populated planet, and I dont' care how much gold you have, it's not going to do the job.

I know people are just enamored with the stuff. Always have been. I mean, for goodness sake, we're on a conspiracy forum, just look at the Sumerian/Annunaki story. Which is probably where we ought to start our investigation of the importance of gold on this planet anyway.

And TPTB wouldn't be doing wind and solar and what-have-you if the availability of easy oil wasn't over and done. Also, speaking of solar panels: just what sort of energy, do you suppose, they use to manufacture the things? Or, even before that, what sort of energy do you suppose they use to get the stuff out of the ground? Not solar, that's for sure.

Anyway, people do love the stuff. But, again, you can't eat it. And when TPTB take a mind to it, they can consfiscate it, drop the price to zero, or make it illegal to own. Of course, they can do that with food, too, as we're seeing with the arrest of the folks selling...horror...raw milk in California, or the woman who was fined for growing food....horror...in her front yard.

And the G.O.D. the world runs on? It really isn't OUR world, it's THEIR world. We've just lucked out to be born in the countries where our warlords are stronger than their warlords. It's obvious they are on REAL shakey ground now, or they wouldn't be going to all the trouble they're going to. And they certainly wouldn't be mining tar sands or drilling Macondo-type wells.

[Marie Laveau]

Funnily enough S.M., these were used as a means of exchange not only by Native Americans, but by the Europeans who came here:

http://inkwellsantafe.com/Mary/Images/Wampum

Just one more example.

They were industrially shipped in direct from source by the Europeans, whereas they had previously slowly filtered through many hands to become the currency of Timbuktoo and so on.

No. They were the shells directly out of the Atlantic ocean. Perhaps my picture (since it's really a photograph of reproductions) isn't indicative of what wampum really were. There was a huge trade network of wampum all the way to the west coast. They were very valuable.

Not gold. And not from Europe.

[eyeno]

more at link
http://sherriequestioningall.blogspot.c ... agles.html

U.S. Mint Suspends all Numismatic (Eagles) Gold Coins as of August 22 2011! Proves no physical gold to be had? No Silver Eagles Available either.




Paper gold prices may be getting hit this morning, but it seems getting physical gold is harder, as the U.S. mint has suspended it's gold coin sales. Of course they are using the excuse of prices volatility, but considering it is a spot + type pricing, that doesn't pass the smell test.

The U.S. Mint has suspended ALL Numismatic Gold Coins as of August 22 2011!

So, lets think about this...... Venezuela has asked for it's gold back from London and the U.S. and will be testing it for tungsten before getting it back into the country.

Now all of a sudden the U.S. mint has suspended all Numismatic Gold coins..... hhmmmm...... seems to me physical gold is actually hard to get a hold of right now and all available gold may be being collected to send to Chavez.

Some big things are happening in gold behind the scenes. I believe all technical data may have to be thrown out the window in how gold has reacted before when it has risen dramatically and then takes a correction. The correction may be in paper gold (GLD) but where will physical gold prices actually go, will there be a split of pricing in the near future?

From U.S. Mint Suspends gold coin sales


The United States Mint has suspended sales of commemorative gold coins for re-pricing.
Due to the current market volatility, we will be placing these coins on a “pricing grid” similar to the structure we use to price America Eagle, American Buffalo and First Spouse gold coins.
A new grid specific to these coins is being developed and will be posted when complete.

Funny thing about the Bullion Coin Act of 1985 - here is an interesting point that is suppose to be met by the U.S. mint:


(1) Notwithstanding section 5111 (a)(1) of this title, the Secretary shall mint and issue the gold coins described in paragraphs (7), (8,) (9), and (10) of subsection (a) of this section, in quantities sufficient to meet public demand


OH yeah, if you are looking for Silver Eagles on the U.S. Mint site, don't bother..... they don't have those either! No Silver Eagles and now No Gold Eagles.

[Elihu]

...although in many ways a fitting commemoration of human civilisation's effect on the planet...

let's not blame that on the planet.