There are 20 trillion problems in the United States, but the Debt Ceiling limiting government spending ain’t one. Here are the most serious problems in the economy right now…

Bill Holter says that US dollar velocity is the key, but no matter what the Fed does to increase spending, velocity will just not pick up. Then there is the distinct possibility that gold drops all the way down to $10 per ounce before it’s over…

More and more “paper gold” is needed to suppress the price of the real thing. Now, with all this paper, all they can do is slow the rise. Here’s some statistics that are even more egregious than you may think…

We are keeping a close eye on supply, and now, official sales numbers are re-affirming the analysis. With just two days worth of September data, physical demand is picking up steam, and faster than Irma can hurl a beach chair…

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papergoldjimwillieHas the Reset Begun Via A Dollar Melt-Up?
Exert Analyst Jim Willie Reveals A DRAMATIC Divergence Between the PHYSICAL and Paper Gold Price Is Developing…

paper goldJohn Hathaway of Tocqueville Funds says the physical gold market will defeat the paper gold market leading to a much higher price for the monetary metal in the coming months and years in his Tocqueville Gold Strategy Investor Letter (Fourth Quarter 2016 Investor Letter):

Is gold a safe haven? Mark O’Byrne, executive and research director at GoldCore, told CNBC yesterday that yes it is.
He explains why the Swiss National Bank’s recent decision was “icing on the cake” for gold and shows how gold thrives in a volatile environment.
Watch the full interview while you can, as O’Byrne explains to the CNBC viewership the difference between PHYSICAL gold and electronic/paper gold, which O’Byrne advises there is “No point in owning due to counter-party risk”. 

Full interview is below: 

In August 2011, the Venezuelan government surprised the gold market when it announced that it would seek to repatriate, at short notice, 160 tonnes of its foreign held gold reserves back to Venezuela for safekeeping.
The government also revealed at that time where its gold was located and in what form it was held.

The Venezuelan significant repatriation request, in the summer of 2011 may have been a contributing factor to gold’s strong price appreciation at that time, as market participants were forced to find 160 tonnes of physical gold bullion at short notice.
The 160 tonnes of gold was transported back to Caracas with much fanfare in a series of flights from late 2011 to early 2012, with the last flight carrying 14 tonnes of gold from Paris.
Fast forward 3 years, and with Hugo Chavez out of the picture (rumored to have been poisoned by advanced Western weaponry), the banksters unsurprisingly appear to be attempting to get their hands back on the 160 tonnes of phyzz currently residing in an underground vault in Caracas. 

Crime Boss: Wall Street Has No Ethics
The Colombo crime family’s former boss – Michael Franzese – says even he doesn’t trust Wall Street.

I did a lot of things at times with people on Wall Street….A lot of [Wall Street] guys are shady and they did shady things with me and I don’t trust them.   And I don’t like other people that I don’t know really well taking care of my money. I think that I can do it better.
No matter what, it’s [physical gold and silver] always going to have a valueUnlike stocks, where in our country, you go to sleep, everyone tells you everything is wonderful, you wake up and everything is gone.

gold or fiatThe legal tender law targets the lender.   It grants to debtors a right to repay a debt in dollars.  In practice, this means that if you lend gold, the debtor gets a free put option at your expense.   If the gold price rises, he can repay in dollars. If it falls, of course he will be happy to repay in gold. It’s a rotten deal for the lender.
The relationship between lender and borrower is mutually beneficial, or else it would not exist.   The parties are exchanging wealth and income, creating new wealth and new income in the process. The government is displeased by this happy marriage, and busts it up by sticking a gun in the lender’s face.   His right to expect his partner to honor a signed agreement is violated.
Because no lender will lend gold under such circumstances, gold is relegated to hoarding and speculation only.
This strikes a blow to savers, because the best way to save is to lend and earn interest.
Savers are forced to choose between hoarding gold, getting no yield, or holding dollars and getting whatever yield crumbs are dropped by the Fed.

Irrespective of whatever the market does, the one timing factor that is of the utmost importance is that of accumulating physical possession of gold and silver.  The time has been and continues to be “do it now!”  No one can trust what the elites will do, via all their controlled Western governments, with ALL political leaders marching to the incessant drum of fiat takeover and destruction of every possible nation they can control.  Ukraine is an example of such a [clumsy and doomed to fail] attempt to bring that strategically important [to Russia] nation into the rotten fold of central banker control.
When the collapse of US power and the fast-fading US “dollar” as the world’s reserve currency falls, in the latter stages of happening, the best and most reliable financial saver will be the value of physical gold and silver, recognized everywhere in the world, except by Western central bankers.  The inevitable collapse of the fiat Federal Reserve Note, [FRN], aka “the dollar,” will lead to a Venezuelan-type devaluation of everything held in the form of paper:  currency, bank accounts, bonds, stocks, pensions, etc. 
Everyone who chooses to hold any form of paper asset will suffer financially and suffer dramatically.  Everyone who owns and personally holds physical gold and silver will survive in much better shape.
From this perspective, it does not matter what price you paid.    Price is temporary, possession is permanent.

 

Caption Contest 1The Financial Times has told investors that they should act like the German Bundesbank and “demand physical gold” and warned that gold price “manipulation” could end “catastrophically“.
“There’s surely no chance that the Fed’s little delivery difficulty has anything to do with the cat’s-cradle of pledges based on the gold in its vaults?  As has been remarked here before, forecasting the price is for mugs and bugs.
But one day the ties that bind this pixelated gold may break, with potentially catastrophic results. So if you fancy gold at today’s depressed price, learn from Buba and demand delivery.”

casingsIn this excellent interview, the Morgan Report’s Senior Analyst David Smith discusses the difference between paper positions and holdings of precious metals and the real deal- and likens paper metals to empty ammunition shell casings.
Do you hold precious metals ammo, or simply the empty shell casings?
Full interview with David Smith is below:

What if you could carry and exchange gold in the exact same manner as you do with the dollar bills in your wallet?
I’ve recently been introduced to a technology that’s making this possible.
In short, a fractional gram’s worth of gold is affixed to layers of polyester, creating a note called an “Aurum” similar in dimension and thickness to a U.S. dollar bill. This gold (usually 1/10th or 1/20th of a gram) is commercially recoverable. So an Aurum offers similar potential as a coin or bar, in terms of providing a vehicle for storing and exchanging known, dependable increments of precious metals just in much smaller (and more affordable) amounts than commercially available to date.
The big idea here? In a world where a 1oz coin of gold costs over $1,200, an Aurum will let you hold a few dollars’ worth of gold in a single note.
If you’ve got pocket change, you can be a precious metals owner.