The USA Debt Problem

************************************
And you think the current USD price of gold really means anything with a USA debt of $16 Trillion? Gold as a safe haven has outlasted every government, bank, currency and stock market in all history. It has been and always will be the only form of sound money. BK

We’re not investing in gold. We’re just buying it

Thu Feb 27, 2014

Man and gold are not easily parted. Even as investment gurus made doomsday predictions through much of 2013, consumers gleefully added to their hoard of physical gold. Globally, 1,654 tons of gold were bought as bars and coins and 2,209 tons as jewellery. Overall, purchases of the yellow metal in physical form (and not as paper exchange traded fund units) jumped 21 per cent in 2013.

The World Gold Council reveals that consumption of gold bars and coins was the highest ever in 2013, registering a 28 per cent growth. With gold prices dropping 34 per cent in just nine months, lay buyers made the most of the opportunity. Larger investors in gold ETFs meanwhile sold the equivalent of 881 tons from such funds. The Indian consumer too displayed his/her voracious appetite for gold by continuing to buy, ignoring import curbs, gold-loan restrictions and import duty hikes. Demand for coins and bars recorded a stronger 16 per cent growth, while jewellery demand increased 11 per cent in India.  LINK...

*************************************

Essentially HALF the world is bullish on gold, when you consider China and India combined! You think these cultures and societies that have been around for thousands of years longer than Western society, knows something we don't?  BK

Dominique Strauss-Kahn, Joins Russian Bank?

Shifting of economic powers to the East is well on it's way. I believe there are big battles being fought behind the scenes between the leaders of the global banking system. Regardless who wins, gold will be the safest place for your assets, and if you can store gold in Asia, even better.   BK
************************************

Gold and the Weight of Paper Chains

Will gold finally break FREE of the paper chains holding it back? It seems to me that the physical demand for gold bullion is starting to show its true power and natural safe haven characteristics. You will never get "Bailed-In" if you hold physical gold. Ask yourself why Central Banks even have vaults with gold reserves in the first place? You really think banks build expensive vaults as a novelty? Come on folks, see the forest through the trees. Continue accumulating and gold bullion will not let you down. This has been proven time and time again throughout history. Besides, you would be doing yourself and your country a favour because, "he who holds the gold, makes the rules." 

The bottom might not be in yet, but surely we are very close? Dollar cost averaging has been the best strategy over the long run. Take advantage of this golden discount and increase your holdings a little more.  BK

A Rare Look Inside a Swiss Gold Refinery

http://www.bbc.co.uk/news/world-europe-20797917

Gold Confiscation Started In 2006

"Fools Gold" In The 21st Century And The "New And Improved" Gold Confiscation Swindle
by Bosko Kacarevic

April 5, 1933 President Roosevelt announced Executive Order 6102 forbidding the hoarding of Gold Coin, Gold Bullion and Gold Certificates. Back then the USD was technically backed by gold, up until 1971 when President Nixon closed the Gold Window completely. Now the USD is a "fiat" paper currency backed by the full "faith and credit" of the US Government. Just saying that gives me chills. "Faith" in the USA is now questionable? "Credit" is definitely out of control with a national debt of over $16 TRILLION that will never be paid, not to mention the unfunded liabilities.
So the question is, will the USA confiscate your gold again? Ask yourself this: Is there a gold standard? Can the US FED just print the money they need? What is considered the global reserve currency today? As you can see there is absolutely no need for them to confiscate your gold when they can just create the money they need to operate, and that's exactly what they've been doing. What do you think TARP, QE, Stimulus and all the bailouts are all about? 
The angle that many gold commentators seem to overlook is the fact that governments and Central Banks around the world have no need to confiscate your gold because they can easily "confiscate your wealth" by expanding the money supply. It's really that simple. 
Now, here's the new and improved GOLD SWINDLE and the Fools Gold of the 21st Century. In my opinion, governments along with the help of banks have been confiscating your gold since about 2006 with the birth of paper gold, electronic gold, ETF's, ETR's and so on. Think about it? What do you really think these new derivatives of physical gold bullion really are? It's gold confiscation, because the money that you intended to invest in physical gold bullion is now in the "custody" of the banks, which really control the government, in my opinion anyway. The fundamental reason for owning gold to protect your wealth is backfiring. All you're doing by investing in paper gold is allowing THEM to continue "gaming the system."  So, you gold investors out there who are frustrated with the volatility in gold and tired of waiting for the BIG move, then get your money out of the banks custody and take the physical gold bullion out of the system. It seems that people have become so conditioned that the government doesn't even have to demand your gold with an Executive Order anymore. All they have to do is create a fancy new financial product that makes it "easy" to own gold. Let me tell you folks, real gold is anything but easy to own. Just ask a miner, refiner or a gold dealer like myself. First you have to find it, dig it out, refine it, store it, insure it, inspect it and protect it by any means possible. Remember that old saying, "if it's easy to get, then it's probably not worth having." Even in the 21st Century, "FOOLS GOLD" still exists in paper or electronic form, take your pick, it's easy, but don't complain when it's gone.
Folks, gold is never easy to own, otherwise it wouldn't be GOLD!