Monday, Feb 25, 2008
Gold investors - Heads up - Could gold be made illegal?
Market Oracle: Will the G-7 Nations Impose Capital Controls?
Storing bullion in Switzerland [as the Bullion Vault does for its clients] is a way to go and we would happily recommend working with them as we will do, as it is out of the reach of the G-7. The only drawback to that is that it remains in the name of the owners, who will be resident most likely inside the nations of the G-7. As such they are faced with a dilemma when they declare to their authorities that they own gold in foreign lands. It is no small step for those authorities to tell them to bring the gold home?
Posted by sold 2 rent 1 @ 10:10 AM (1183 views) Add Comment
22 Comments
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1. sold 2 rent 1 said...
If the G7 are going to make gold ownership illegal, they will probably do it before Joe public buys in - otherwise there will be riots.
If they did, the price of gold would crash, and allow the elite powers (banks, governments, media, and big corportations) to buy up gold on the cheap.
If the direction by 2011 is world currency and/or world government, then the G7 need something to come to the bargaining table with China and India.
At the moment the G7 don't appear to have a lot to offer in the long term plan for world control. An extensive supply of gold would help their position.
Exchange controls without gold restrictions would cause gold to go to the moon.
2. happyrenterz said...
Although it is worth thinking through it seems like a suicidal action to control gold. Investors will look for other tangible assets like food, oil and metals. Which means stock piling of these instead of making them available for consumption. At least gold is useless so is an ideal way of storing wealth. To use other commodities as a store of wealth is disastrous for an economy simply driving inflation sky high as the commodity becomes more scarce due to stockpiling.
3. wdbeast said...
s2r1 I must have been "out of the loop" for a while.
Where did "world currency and/or world government" come from?
My understanding of world politics is slightly at odds with this idea, with all of the religion/race/fundamentalist issues that exist, we can't even agree on global warming!
I know I struggle with some of these concepts but I would appreciate an idea of how we might move towards this over the next few years.
4. cornishman said...
I tend to agree with wdbeast. I can't see a world currency any time soon. The euro is creaking at the seems as it is. The way that things are going, competitive devaluations will be the order of the day, followed by trade restrictions, followed by squabbles, then wars etc.
Egos are too big, I reckon, for the west to START with negotiations on a world currency. Any real negotiations would only come years AFTER anything else had been tried first.
5. Circular008 said...
Watch zeitgeist on 'google video'. It is quite long, about 1.50 hrs. It goes through everything from religion to where we are now i.e. federal reserve is a privately owned company charging the world interest. Ideal for them is one currency so that they can control the world! :)
6. Harold said...
There will be a world currency: gold and silver. It worked in the past, and will again in the future. Sure the NWO (which S2R1 refers to) may try to impose restrictions and even confiscate people's gold. However, that wont work, as it will create a black economy.
7. This comment has been removed as it was found to be in breach of our Blog Policies.
8. sold 2 rent 1 said...
Looks at these 2 graphs
The annual rate of change of US M3 is 18.6pc. Currencies are being destroyed at an exponential rate.
Where will it be by end of 2008 - 30pc??. And summer of 2009 40pc???
The penny has yet to drop that we are in a very serious crisis indeed.
If all central banks are creating unlimited money to avoid a depression then at some point all will need to replace their currencies.
When the masses come running scared to their respective governments to save them from the economic chaos, what better opportunity to move to world currency. The termoil with the Euro will be blamed on not doing a "full" integration job with a proper EU government, thus saying a world currency needs a world governemnt.
It is becoming clear that the political/banking elite who have all the power, are not too bothered about individual nations. They are only serving their own interests and are looking to consolidate their power at higher and higher levels.
9. cornishman said...
s2r1 - I can see where you are coming from. I agree that things are serious.
I just think that there are too many leaders who will not go along with a world currency. They will want to maximise their own gains at the expense of others. That is human nature. I agree that we may well see some new currencies along the way, country by country - but not a 'co-operative' world currency.
Also, graphs that go up nearly vertically can tend to come down the same sort of way. I'm still not sure whether all this money that is being created is greater or lesser than the amount of money that is being written off by institutions all round the world. Do you know? if we are writing off more than is being created - then the outlook is a very different sort of 'flation.
10. Min said...
Making gold ownership illegal? This sounds like the worst kind of paranoid scaremongering to me. How are they going to differentiate between investment gold and jewellery gold? "Sorry Mrs Smith, hand over your wedding rings"? Yeah, that'd be a vote-winner.
11. harold said...
Incidentally guys, there's currently a large take-down in gold at the moment. Funny really, as the dollar is not recovering.
12. cornishman said...
harold - looks like it could be a repeat of Friday. But there again...
13. happyrenterz said...
IMF selling perhaps?
14. Harold said...
Just to repeat S2R1's point, gold represent store of wealth = ecomonic independence and thus freedom. The NWO wants a dependent population that they can slowly suck the blood from (i.e., tax through manipulation of the money supply). It's a fight to the death really - either the bankers will win and we will pay for our own enslavement, or gold will win and we will be free... in a nutshell. Gold ownership is actually a moral issue in some respects. However if you are looking to invest, the real stroy will be in silver (IMHO).
15. harold said...
Just to repeat S2R1's point, gold represent store of wealth = ecomonic independence and thus freedom. The NWO wants a dependent population that they can slowly suck the blood from (i.e., tax through manipulation of the money supply). It's a fight to the death really - either the bankers will win and we will pay for our own enslavement, or gold will win and we will be free... in a nutshell. Gold ownership is actually a moral issue in some respects. However if you are looking to invest, the real stroy will be in silver (IMHO).
16. sold 2 rent 1 said...
cornishman,
"I just think that there are too many leaders who will not go along with a world currency. They will want to maximise their own gains at the expense of others"
You are on the right lines with "They will want to maximise their own gains at the expense of others" but you are thinking of one country of maximising a gain against another country.
The elite few, who have the power, have no real affiliation with any country. That is the illusion
The statement "They will want to maximise their own gains at the expense of others" holds true when "others" refers to the masses.
Throughout history the same banking groups have financed both sides of wars.
Regarding the graphs. The US stopped producing M3 stats in 2006 as it decided money supply doesn't count
Article: Fed kills a key inflation gauge (M3)
http://articles.moneycentral.msn.com/Investing/JubaksJournal/FedKillsAKeyInflationGauge.aspx
We know that the bailouts and IR cuts will continue so this graph is going vertical.
The US has a clear inflation/money destruction strategy.
M3 includes written off debt.
17. sold 2 rent 1 said...
harold,
Nicely put, but it is not that simple
The masses are still so way behind the curve, that by the time they figure all this out, the elite would have cornered the market in gold, then they will sell us a gold standard on a world currency. We would still be the slaves to the money changers but under different circumstances.
I believe the route out of this mess is still completely unimaginable.
As I said in an earlier post
The spoken word revolution played out in 100,000 years
The written word revolution played out in 5000 years
The industrial revolution played out in 150+ years
The internet revolution played out in 15+ years
There will be another revolution just as big as all the others to play out in 1.5+ years within the next 5 years.
Each revolution represents a progression to a higher level of consciousness.
If the Calleman/Lungold ideas play out then the new revolution will involve some move to co-creation or shared consciousness
18. Stevie Dee said...
@S2R1,
"As I said in an earlier post
The spoken word revolution played out in 100,000 years
The written word revolution played out in 5000 years
The industrial revolution played out in 150+ years
The internet revolution played out in 15+ years
There will be another revolution just as big as all the others to play out in 1.5+ years within the next 5 years.
Each revolution represents a progression to a higher level of consciousness.
If the Calleman/Lungold ideas play out then the new revolution will involve some move to co-creation or shared consciousness"
Meaning that any plans the bankers or the world have won't work, because of the time involved. Which means a better place for all.
19. Gunning For Gold said...
s2r1,
Your comments are fantastic.
The question to be answered here is: how can we achieve a new level of conciousness in such a short period of time, with reference to how long it took for language to emanate?
What would cause for this succession? I assume it will start with financial collapse and lead to mass poverty and misery.
The pumping of the M3 money supply is elusive. How can a government pump money into a society that has stopped lending and borrowing though banks? I can't see how the money is getting out there in the current fiscal climate. Central banks interest rates may be low, but retail lending rates are based on the risk an individual or organisation is willing to take. Where is the M3 money going? They can produce it, but if no-one is using it, then it doesn't exist.
20. sold 2 rent 1 said...
Circular008,
Thanks for that. I watched the zeitgeist film. Very interesting.
Everything about how the power elite have controlled the masses is unravelling.
The truths about religion, war, debt, politics, and media are being unmasked.
This will all happen this year in the fifth night of the Galactic cycle.
It is the internet that has brought down the power elite.
Expect massive change between now and the autumn in this area.
21. shipbuilder said...
The New World Order is utter nonsense. Talk of it simply allows the real issues to be ignored as nutjob paranoia by people. It's like when people dismiss the whole concept of environmentalism because they don't like the global warming bit. This is simply the powerful and rich doing as they always have done - stealing wealth from the people. They have found that they can do it much more effectively and painlessly under the guise of capitalism and democracy - in fact many of the enslaved will willingly help, for a crumb from the table.
But assuming that every twist of the economy is planned by these people is also lending them credibility they do not deserve. There is no organisation, no big plan - just rampant greed and arrogance. Every empire falls under it's own greed and arrogance and the current corporate/capitalist hegemony (remember - only in existence for a miniscule era of history) will do the same - the real concern is that they will take the planet with them, the real challenge is not to let more power-hungry idiots take their place.
22. Notthesharpest said...
I think possibly all you degreed & non degreed geniuses are missing several big points in this discussion. 1. If the world economy becomes unsustainable, the powers that be could rescue it in one fell swoop by declaring it illegal to use any other form of currency for trade other than the one accepted "currency" that the G7 nations would agree upon,. and yes that includes both gold & silver. 2. It is not a question of if, but when, and the way I see it, very soon. 3. The rapid rise of the value of foreign currency against the old standard dollar is pointing to this supposition. 4.The only real answer would be a single currency (credit) for use in all the large economic countries. 5. How could this happen? glad you asked, rising cost of commodities will get out of hand, famine will be rampant, as will disease, also the threat of terrorism perpetrated by those who are not able to be tracked will make a universal id number (chip) mandatory. Much easier to track those who are radical if they have to give their unique number every time they buy something. So a final word of advice, don't put your trust in the fact that you have billions or millions of shiny commodities, because if the one world government says it is not worth anything any more, you can't take that to the bank! Sorry to bum everyone out, but facts are facts, the one world credit currency is just around the corner. Don't take the number, (a number that identifies you so that you can buy or sell), because according to the one really in charge, that is an unpardonable sin that will seal your doom for eternity. Will this belief make me a 'radical' threat to the one world government, yes it will because they don't want religious fanatics running around not able to be tracked, even if we are docile as sheep.