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POPSThe Ascent Of Money An excellent, four-part PBS series on the history of money. Can be viewed in full online, for free.
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POPSJim Willie's COMEX Prediction China is the biggest gold producer in the world now, but none of its output is directed to the open market. Russia is a significant gold producer also, but none of its output is directed to the open market either. A near default occurred in early April from a close call to Deutsche Bank on 850 thousand ounces of gold. Far less gold bullion rests in COMEX vaults than is advertised.
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POPSLet's Dig Some Gold Facts Gold is not only precious, but pure gold is also very, very soft. There's enough gold in the Earth's crust to cover the entire land surface knee-deep. How about that. So, let's not lose our sleep over it any more than it deserves!
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POPSKinross Gold easily tops up war chest
Other than the big Canadian banks and a handful of staid utilities, gold miners are among the only companies on the TSX that have been able to raise cash by issuing stock in recent months. Even with the equity markets in a tailspin, investors have been willing to buy gold shares on the belief that the bullion price will remain strong amid the sharpest global economic downturn in more than half a century. While most other corporate sectors are expected to suffer declining sales and profit this year, gold miners will likely buck the trend. "The prospects for gold producers are relatively healthy compared to some of the other business streams. It's one of the few commodities that people believe has a potential upside," said Anita Soni, an analyst at Credit Suisse. Currently fetching about $850 an ounce, gold has rallied in recent weeks and some believe the yellow metal could climb back above $1,000 an ounce. There are 15 to 20 sizable gold producers most are going to raise m
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POPS$2500/oz gold? Speculation in topsy-turvy times, yes, but not impossible. Excerpt from an excerpt, so don't take this as Gospel. But an interesting read if not tedious.
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POPSInflation - Taxes - Confiscation (Justified theft) Je0eVd4 The irony is that paper money's "reason for existence" is that it's supposed to protect us from the theft of physical bullion, but paper money is no protection at all! Paper money is evidence that you and your ancestors abandoned your silver and gold to the institutionalized thieves long ago. I recommend that you store your wealth in a safe, in your home. Bolt the safe down, from the inside, into concrete or wall studs. Get a safe that is an appropriate size for your wealth. Buy a $50 lock box, or a $500 floor safe, or a $5000 vault safe if you have to. A good rule of thumb is to spend about 1-5% of your wealth on personal security.
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POPSMoneypulation Je0fOc1 if those we elect to Congress truly took their mandate seriously, i.e. protect your constitutionally guaranteed rights, none of this would have happened. * Gold and silver would still be the ‘currency of the realm.’ * The Federal Reserve banking cartel would not exist and would never have been able to inflate you out of home and hearth. * The gold manipulation schemes of the 1960s and 1990s would never have occurred. * An organization like GATA would never have had a reason to exist, and millions of gold investors would never have been lured into selling their precious metals by flase market signals. * Financial privacy would still exist. * The specter of gold confiscation would never even have become an issue for investors. * A 1913 dollar would still be worth a dollar instead of a piddling two cents.
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POPSSheer unmitigated fear
Je0fN01 "It is sheer unmitigated fear: even institutions are looking for mattresses to put their money until the end of the year," (Marc Ostwald bond expert at Insinger de Beaufort). The market has moved into "backwardation" for the first time, meaning that futures contracts are now priced more cheaply than actual bullion prices. It appears that hedge funds in distress are being forced to cash in profits on gold futures to cover losses elsewhere or to meet redemptions by clients. But smaller retail investors – and perhaps some big players – are buying bullion in record volumes to store in vaults. latest data from World Gold Council shows demand for coins, bars, and ETFs doubled in third quarter to 382 tonnes = entire set of gold auctions by the Bank of England 1999 - 2002. stimulus by the US Fed and banks starting to have unintended consequences. The Bank of Japan reluctant to cut rates to zero again because of damage to money markets, US starting to face same dilemma.
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POPSGold Confiscation Most people don't know that certain aspects of Gold was banned here in the USA -- and not till 1976 was it allowed again.. Well, you know what the Govt. did -- they sold our gold overseas at bargain prices overseas -- ripping us off America!! Exactly what they are doing today!! listen to my previous Alex Jones clip!