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- in reply to: Miscellaneous #4631
The California Highway Patrol has invaded our town today. Motorcycle patrolmen have descended upon townsfolk like hungry locust picking our pockets left and right.
“Squeeze the People” is in full-force here. The financial affairs of the State are suspected to be in much worse shape than the politicians are willing to admit.
Anyone holding State Municipal bonds needs to have their heads examined.
in reply to: Gold Enters Major Bull Market #4630Gold $1404.70
Silver $33.87Gold and silver are continuing to drive higher aided by disturbances in many Middle East countries.
The following link is to an Eric King interview at King World News from last Saturday where he speaks with two top analysts: one in coins and the other in the gold and silver.
http://www.kingworldnews.com/kingworldnews/Broadcast/Entries/2011/2/19_KWN_Weekly_Metals_Wrap.html
in reply to: Gold Enters Major Bull Market #4628Gold $1390.50 UP $5.90
Silver $32.80 UP $1.02The 50 day average on gold at $1373 has been bettered. Depending on Martin Armstrong’s bearish projection for the metal over the short term(the next four months or so) combined with continuing public protests in the Mideast, has caused a misjudgment in gold’s short term forecast within this continuing on-going bull market. Personally, I took some funds out of the shares but would never reduce gold and silver bullion positions.
It’s just been part of the game to expect government intervention with scary sell-offs. It looked like the miscreants were readying a forced sell-off when prices remained under the 50 day average but the only thing that really happened, with gold moving higher, was that their ability to control prices lower during the current reactive phase was much weaker than originally suspected.
In order for gold to make another push higher to all-time highs on this move, prices will have to remain above, generally, the 1373 area in the weeks ahead. There is the possibility that the government can still come up with some new smoke and mirror tricks to pressure gold lower, but the longer gold stays above the key 1273 level the better it will be for us.
Silver made a new 30 year high this morning just shy of $33. Its last reactive low was just north of of the $26 level some weeks ago. This market is very strong with possible reactions being opportunities to add to existing winning positions.
in reply to: Clips from Alleghany #4627I just shoveled off the museum van (aka F.A.R.T.) and we have 27 inches of snow. Funny how when it comes to snow 27 inches seems like three feet and three feet seems like four feet….
in reply to: Clips from Alleghany #4626Scoop mentioned a recent baby
birth. Congrats to the family.
My own mother, Dorothy Armstrong
was born in Alleghany in January,
1906. To James L. Ida Louise
Armstrong. James and his brother,
John operated the general store
in town for approx. 15-16 years.
They also operated the Eldorado
for a short while.in reply to: Miscellaneous #4625Our State has to be a complete disaster based upon what Marc Faber says. One of Faber’s comments that struck me was that the worst world-wide investment managers are the ones running the State pension funds. Faber says, they buy at the peak and have sold at the bottom.
In addition, the civil servants are sucking us dry with their excessive salaries and benfits which they refuse to scale down. Their answer has ALWAYS been: either take our money in taxes or take our property.
It’s called, “Squeeze The People.” Today, the governor from Wisconsin is trying to break-up the civil servant’s unions for their past salary and benefit pressures that are sinking his State.
Mr Faber says, “we are all doomed.”
Check out Mr. Faber’s comments:
http://www.youtube.com/watch?v=mHsVCE0-smE&feature=player_embedded
in reply to: Clips from Alleghany #4624Hello winter!
The Northern Sierra Nevada Mountains and foothills are white again. The majestic pine and fir trees are coated with snow. Their limbs bend gracefully under the weight of the third day of a storm. Yesterday was a battle to open the road to the mine and today it is a choir of upkeep. Nevertheless, the crew is AWOL. Sierra County road crew had a tough time yesterday morning. Snowplows were seen off the road in several spots. The “old-timers” spirits are shouting, “This ain’t nothing. Nineteen feet brought this community to a stand still for a brief spell. Even the county seat, Downieville had four feet on the ground during our winters. Now a couple of inches is all they get over there.” Don’t ya just love those old-timers. No cell phones, few 4 x 4’s, numerous power outs and it took overnight to get to a place where we can go in an hour.in reply to: Miscellaneous #4623Any pension fund, especially public union employees’, have their funds invested in stocks, bonds and generally, Wall Street.
These people must be stupid, un-educated, certainly devoid of rational thought, and think the rest of us are dumber than they are.
The investments of all the writers for Rolling Stone should check their own reality and remember why a private sector rag is still in print.
We’ll have to continue to wonder why the NYTimes is…
in reply to: Miscellaneous #4622Matt Taibbi has an article coming out in the Rolling Stone Magazine dated February 16, 2011 entitled: Why Isn’t Wall Street In Jail?
The following link is a preview of the article:
http://www.rollingstone.com/politics/news/why-isnt-wall-street-in-jail-20110216?page=1
in reply to: Miscellaneous #4621We should have a new section titled “SQUEEZE THE PEOPLE”
In Italy a few months back a government agency there, while checking bank records, discovered many accounts in the names of U.S. Politicians including separate ones for the president, his wife and for their children. Is there something wrong with our banking system that the general populace is unaware of?
Obama Administration calls for 5% royalty on gross proceeds of mines
The Obama Administration has called for a hardrock mining royalty and a new hardrock AML fee, along with other fees and tax increases for coal mining.
Author: Dorothy Kosich
Posted: Wednesday , 16 Feb 2011RENO, NV –
President Obama’s Fiscal Year 2012 proposed budget calls for charging a 5% royalty on the gross proceeds of hardrock minerals mined on public lands including silver, gold and copper.
The President is proposing a number of new royalties and fees on both hardrock and coal mining, along with reductions on oil and gas subsidies, which he says will save the country $3 billion over the next 10 years.
The Office of Management and Budget (OMB) said the President’s budget “provides a better return to taxpayers from mineral development.”
“A number of recent studies by the Government Accountability Office and DOI’s Inspector General have found that taxpayers could earn a better return through more rigorous oversight and policy changes, such as charging appropriate fees and reforming how royalties are set,” the OMB said.
The President’s budget would also establish a new Abandoned Mine Land fee on hardrock mining, “so that the hardrock mining industry is held responsible in the same manner as the coal mining industry.”
The agency also suggested the budget “mitigates the environmental impacts of mining by dedicating and prioritizing funds to clean up abandoned mines and by strengthening the regulation of active coal mining.” The fee would be based on the volume of material that a mining company displaces.
Senate Majority Leader Harry Reid of Nevada, a longtime advocate of Nevada’s gold mining industry, said, “I’m willing to consider any proposal for mining reform that protects the mining industry, doesn’t kill jobs and shares revenue with the state.”
“I will carefully study the president’s proposal to determine whether it meets these criteria and ensures that one of the pillars of the state’s economy can continue to create jobs and strengthen the economy,” he added.
While Reid’s efforts have been successful in the past in stopping the Congress’ effort to levy new fees and taxes on the hardrock mining industry, this time Republicans control the House, which may also help U.S. mining.
Meanwhile the President’s proposed budget for the Environmental Protection Agency stresses coordinating federal water policy with state and local government, Native American tribes, industry and agricultural sector to achieve goals.
Among those goals are coordinating the actions of the EPA, the Department of the Interior, and the Army Corps of Engineers “to better address impacts of surface coal mining on aquatic resources.”
However, House Republicans have proposed cutting the EPA budget by 16% below what President Obama has requested.
in reply to: Gold Enters Major Bull Market #4619Gold $1356.80 OFF $6.70
Silver $29.91 OFF $0.30It was back in October of 2008 when gold hit a low point of about $670 an ounce. Prior to this event, gold had been struggling for a number of months to better the 1000 mark.
Today, following almost a 100% advance from that $670 low to a high of about $1430 in early December of last year, signs are coming into view that the metal over-did itself this run and may need some more continuing convalescence. This, more than likely, will be accomplished by price retracement.
For almost six weeks now, gold’s price has been below the 50 day moving average line at $1372.74. For the past 11 trading days, from about a $1310 low, the metal has rallied but in the past four sessions refuses to attack the $1372.24 area. This could be one sign that the internal health in this market is more suspect than most followers would be willing to admit.
Martin Armstrong a few months back mentioned that gold’s normal interpreted cycle was expected to make a high in 2011. Well, it looks like it did but, a bit earlier in December. In checking further for Armstrong’s current analysis on gold, I located one of his recent articles where gold was mentioned with a supplied chart showing long term monthly price channels. Here it is:
Everyone should, especially, read Armstrong’s section on gold. Mr. Armstrong is a pretty smart guy and apparently is giving us another sign that gold could be entering a period of rest accompanied by weakness.
The bottom line here is, we should be mentally preparing ourselves for price erosion, not to be frightened by it but to use it to our advantage. Remember, no one really knows for sure what will happen to gold’s price over the immediate months ahead. It just might be best to go with the probabilities based upon the thoughts of experienced followers.
Gold remains in a long term bull market where methodical scale-down buying continues to be the “real winner.”
Armstrong did indicate that the best days for gold are ahead of us, going into 2015. After we’re finished with this current price detour, we’re on our way to $5,000 gold, according to earlier price projections by Armstrong.
in reply to: Gold Enters Major Bull Market #4620From agoracom.com/ECU website
This is a new one on me:
Submitted by Tyler Durden on 02/10/2011 11:36 -0500
Perhaps the most stunning example of what may be in store for asset managers and pension funds (and possibly retail holders) who dare to challenge central bank monetary authority comes from the Netherlands, where we have just witnessed the 21st century equivalent of Executive Order 6102. The story in a nutshell (and as translated loosely from the primary source presented below): the glassworkers pension fund (SPVG) was ordered by De Nederlandsche Bank (DNB, or the equivalent of the Dutch central bank), that it has to sell the bulk of its gold assets. After the SPVG refused to comply with the order, the DNB went to court and the decision has come out, siding with the central bank, ordering the SPVG to sell the required gold within two months. The pension fund, which invests for 1142 employees, in late 2009 had gold bars worth 34.6 million euros, or about 1400 kilograms. The total fund assets amounted to 288 million euros at that time. The DNB argued gold is a commodity and holding 13 percent was overweight in comparison to the 2.7% average that pension funds are invested in commodities. DNB has found that such a large proportion of gold is inconsistent with the interests of the participants. SPVG sees gold as a medium of exchange, such as euros, but DNB believes that the price of gold fluctuates too much for it to be classified as an investment. Translation of the translation: the central bank has now directly ordered a fund how to allocate its gold assets, because it explicitly disagreed with the fund’s statement that gold is money, claiming instead that it is nothing but a very volatile commodity. Very soon no pension funds in the Netherlands will be allowed to hold any amount of gold more than the merely nominal. This latest gold confiscation equivalent event is most certainly coming to a banana republic near you.
in reply to: Miscellaneous #4613Recent post to agoracom.com, a general mining and resource exploration forum in Canada.
NY Times’ article concerning gold mines reopening in California
posted on Feb 12, 11 01:54PM Use the IP Check tool [?]
California is run by a pack of environmental sicko freaks. Anyone that has a question about that should access the website of the Original Sixteen to One Mine Inc. at http://www.origsix.com to read about their horror story in the forum section. The State once attempted to convict the company and its president and mine manager of manslaughter charges for an accidental death in the mine some years back. Prior to the unfortunate accident, the fed’s were in the mine days earlier and deemed their operation safe by their standards.
The California Central Water Board is as unfriendly to these folks as they could possibly be for issuing numerous citations lacking intelligent justification. One reason for writing the mine so many tickets could be that their salaries at the agency are solely dependent on fees derived from so-called infractions of their rules book. Anyway, the story is on their website in detail.
Some time in the future, the bureaucrats in Sacramento will get-it that rejuvenating the gold mining industry is in their best financial interests. Holding up the Idaho Maryland Mine from reopening for so many years does not speak well for increasing the State’s revenues, getting people back to work and thus pumping in some additional money to a continuously contracting State economy where the State’s unemployment numbers far exceed the nation’s average.
The State needs to get educated on what is possible if they are to escape bankruptcy with some help being extended to them by supporting their own mining industry. The solution is to talk to the government in Quebec, follow their receipt for success in assisting mining companies to grow and prosper which has resulted in keeping a lot of folks working who in turn keep those local economies vibrant. There is no better example of what is possible than seeing how Agnico Eagle grew to such a large international company by the support provided to them and other miners by the Quebec government in making available a friendly mining environment combined with appropriate and intelligent environmental safegards.
in reply to: Miscellaneous #4612Hot off the wire this morning from the International Forecaster.com:
You might ask why did all this happen in Tunisia and Egypt? It was a distraction pure and simple and an expensive one. The elitists behind the scenes are trying to find a way to deal with the eminent collapse of the municipal bond market as hundreds of municipalities choose bankruptcy. Newt Gingrich, neocon Bilderberger, wants to pass legislation to allow states to go bankrupt. That would allow the states to dispense with all or part of their pension and benefit obligations changing their financial obligations dramatically. The concept is horrible for people(“squeeze the people”) who worked all their lives for a pension.
The freshmen “Tea Party” representatives have just given the elitists a staggering blow; this group defeated the permanent passage of legislation to make the Patriot Act permanent. Obviously the elitist money machine was unsuccessful in buying them off. We at last see a glimmer of hope that the people’s voices will be heard. Washington may be changing, but we’ll have to see what the future brings.
The Fed continues to buy all the new Treasury bonds and others in circulation. This is a policy that cannot continue indefinitely because it will lead to hyperinflation. Europe has similar problems. The healthier countries have pledged $1 trillion to rescue the spend thrifts. There is a problem, as we sited last May, and that is that they are going to need $3 trillion plus to accomplish rescue – a sum that will bankrupt solvent European states and bring depression to the entire region. Yes, China and Japan have ridden to the rescue in an effort to dump Treasuries and buy the euro bonds of Greece, Portugal and Spain. This is an exercise in futility. Do the Chinese and Japanese intend on coming up with $2 trillion? We don’t think so, and if they did, by selling treasuries, the US dollar would collapse. Another short-term stopgap measure doomed to failure.
in reply to: Miscellaneous #4611I see that the New York Times has a story on the reopening of California mines (http://www.nytimes.com/2011/02/11/us/11gold.html?_r=1&emc=eta1), but sadly no mention of the Sixteen to One.
in reply to: Miscellaneous #4618….because, if they were serious, they would tell the real story of why a REAL gold-mine is being assaulted by illegal actions by politically appointed courst. Hmmm, let’s see….
Nope. It’s still the New York Times.
Here’s a headline that should be slapped onto the front page instead:
“Private Sector California Gold Mine Target Of Fraud.”
in reply to: Miscellaneous #4617And now, a serious response. HURRAY for http://www.agoracom.com for posting and noting the absolute crap we’re enduring down here. The horror stories of unbridled railroading, illegal, spurious, slanderous, criminal attacks of the Original Sixteen to One Mine by EU-type un-elected scandocrats and just down-right insider juris-non-prudence by California’s politically-appointed spurious rulings spewed from so-called “courts” are now cited in an international journal.
Welcome aboard, new readers. Read all about it, pleae! And spread the word.
There is a world of injustice to explore here. I invite you to read all Forum entries, and become aquinted with the absolute CRAP this gem of a true mine has been enduring for at least a decade.
The most positive thing to derive from it all: this is the highest-grade mine in all of California, surviving amidst the onslaught. Highest-grade in not only gold, but in SPIRIT, and one that will NEVER submit to the crap cited above.
Welcome aboard. Read all about it. Smile! (Crap sinks to the bottom, as will those who keep trying to use politics and unfunded identities afloat by assaulting the private sector for their funding…truth wins every time is used.
in reply to: Miscellaneous #4616My wonderment about articles like the recent NY Times gold story centers on the reporter. Then wonderment moves to the editor, publisher and finally the owners. With such inane reporting what is the rest of the paper’s usefulness or credibility? To research, write and publish about the great California Sierra Nevada gold belt and not expose the reader to mining in the Alleghany Mining District is silly to say the least and vacuous to tell the truth. Does a venerable newspaper such as the NY Times condone this quality of story telling?
With the Discovery Channel portraying gold miners and a gold operation on national TV as serious, it is no wonder that America is not interested in gold mining, production of America’s bountiful natural resources located in California. Today the Sixteen to One mine I proven to be one of the most reliable, precious and much needed industries in Earth. So, why are gold miners portrayed as greedy, buffoons or uncaring rapists on mother Earth?
How could any serious professional reporter or organization not uncover the Alleghany during discovery and due diligence? I am baffled.
in reply to: Miscellaneous #4615Bluejay…that is the most amazing and important news to hit our country in 30 years. OMG, what will we do???????
in reply to: Miscellaneous #4614The International Forecaster says that vegetable prices will be higher at the grocery stores due to a big freeze hitting Mexico.
Tomatoes up 200%
Green Bell Peppers up 30%
Colored Bell Peppers up 50%
Green, grey and yellow squash were the hardest hit.
in reply to: Clips from Alleghany #4609For those of you who don’t look at the homepage, a new photo has been posted.
Clear weather continues in Alleghany, but it’s cooled off a bit. Word is we might get some precipitation this weekend.
The newest resident of Alleghany: Rose Lillian Gray was born on January 28th.
in reply to: Gold Enters Major Bull Market #4607Gold $1363.80 UP $11.70
Silver $30.30 UP $ 0.86The fireworks in the metals began when silver crosed its 50 day moving average at about $28.80. The manipulators tried to hold it there but were unsuccessful as the metal bolted free. In the process, gold traded higher.
Gold is currently acting lethargic following contact with its 100 day average in the 1362 to 1364 area. Gold has its work cut for itself as just higher is another minor trouble area at 1374, this time presenting expected resistance from its 50 day moving average line.
In time, both of these areas will be surmounted allowing the bull market to resume its upward march.
in reply to: Miscellaneous #4608If anyone is still wondering how genuine the political machine touting “Environmental Concerns” is, look no further than the rejection from both the entrenched machine in Washington of the Bam admisnistration’s lack of response to the Original Sixteen to One Mine president Mike Miller’s open letter to engage deregulation, to next, the entrenched political machine in Sacramento snipping the gut from a request to state-regulated-PG&E’s ability and therefore deliberate refusal to engage in independent energy development in our rural community in Sierra County.
WHY? (Read below to get caught up to speed.)
Allow me to bring the new reader up to speed in a short synopsis:
As recently as the first of this year, the Obama administration (BAM) decreed an alledged allegience to “De-regulation” in a spurious attempt to mask such a decree with a pseudo-face-of- concern to all entities affected.
HUH?? (Yes, but is was all crap rhetoric…)
So, in good spirit supporting the administration’s announcemnet, Mike Miller wrote a classic, heart-felt and truly genuine letter to the President (posted beloe for everyone to read) engaging such discourse, asking specifically for the current Administration to please engage with the Original Sixteen to One Mine in this endeavor by assigning an Emissary to the task, to work in the directive specifally addressed by the administration. Hopes were high. In the name of the administration following through on its promisary decree and actually to make headway against the ongoing oppresive regulation imposed by unnecessay regualation literally stifling jobs, specifically in a remote rural county in which jobs are essential to the small guy, the answer was…..
wait, there’s more….
SILENCE.
No response. Nada.
Likewise, an overture to CA state-regulated utilities in which Mike Miller on behalf of the Original Sixteen to One Mine to develop a pelton-wheel independent electric energy source, akin to the oft environmentally aware concerns of those who promote wind energy…were summarilly dismissed by PG&E due to the imposition of regulatory fees (ahem, excuse me which I choke)…and the net result is a blattant and predictable outcome:
No. Nope. Nada.
HOW OBVIOUS CAN IT BECOME?
in reply to: Miscellaneous #4601Sacramento has ruined it for everyone
From Saturday’s International Forecaster:
In California, Governor Moonbeam Jerry Brown, wants to raise taxes like Illinois has, but those terrible Republicans are blocking him from doing so because any tax increases must be approved by the taxpayers. As you are aware Fed Chairman Bernanke has ruled out bailouts for state or local entities. In addition, elitist Newt Gingrich is pushing for legislation to allow states to go bankrupt. That means all or part of pensions and benefits will be wiped out. If such a bill looked like it was being passed, munis and state bonds would again collapse for fear of default or partial default.
in reply to: Miscellaneous #4603“Yeah, taxpayers suck. All they ever do is get in the way of letting our government take care of us. Especially the rich…all they want to do is make us poor people poorer while they by more yachts and private jets and stuff. It’s a good thing that Obama and Jerry Brown are in there. At least they have their stash. Republicans suck.”
in reply to: Gold Enters Major Bull Market #4602in reply to: Gold Enters Major Bull Market #4600Gold $1350.60 UP $15.60
Silver $28.75 UP $ 0.40Gold has moved above a chart neckline formation at $1340 which attracted buyers. Gold still has to better its 50 day average at $1375.15 to continue higher. Silver at $28.75 is right at its 50 day average which is obviously being defended by the bear element, mainly the two big shorts in the market, J.P. Morgan and HSBC.
In the meantime, Bob Chapman on his website is bringing up the issue of the gold plated tungsten bars that had changed hands between a London depository and China. The real question is, who authorized the creation of these fake 500 ounce bars? For more of a background on the counterfeit gold bars go to the link below:
http://bobchapman.blogspot.com/2011/02/bob-chapman-gold-plated-tungsten-bars.html
in reply to: Gold Enters Major Bull Market #4599Gold $1351.30 UP $16.30
Silver $28.69 UP $0.34The following gold predictions make the price of gold today seem extremely under-priced:
These 6 Analysts See Gold Price Going Parabolic to +$10,000
•1. Mike Maloney: $15,000;
•2. Ben Davies: $10,000 – $15,000;
•3. Howard Katz: $14,000;
•4. Dr. Jeffrey Lewis: $7,000 – $14,000;
•5. Jim Rickards: $4,000 – $11,000;
•6. Roland Watson: $10,800in reply to: Miscellaneous #4598Thanks, Rick for the notice of the old topic. All entries are back in the right miscellaneous.
in reply to: Gold Enters Major Bull Market #4597The experts comment on gold and silver plus a growing market shortage of silver.
http://www.kingworldnews.com/kingworldnews/Broadcast/Entries/2011/1/29_KWN_Weekly_Metals_Wrap.html
in reply to: Miscellaneous #4596What the public knows very little of is clearly explained in a short 4 minute YouTube video concerning the screw job that the FDIC and the banks are giving everyone.
Go the http://www.jsmineset.com, scroll down about 40% and select the submitted video by CIGA Lorrick in Jim’s Mailbox.
When do you suspect that enough is enough?
in reply to: Gold Enters Major Bull Market #4594Gold $1319.20 DOWN $26.90
Silver $27.04 DOWN $ 0.57Everyone must have fun, so you little miscreant devils enjoy your day. Gold had a little rally yesterday but was stopped cold as it approached its 100 day average line at 1350. It appears the current move has another 35 or 40 dollars left in it to the downside. A wonderful opportunity to buy more gold and silver on a scale-down basis versus tomorrow’s reality prices.
The following linked story is a great article that spells everything out, again.
in reply to: Clips from Alleghany #4595Spring-like weather is great for humans and other mammals this time of year, but not so great on the plant community. A plum tree was spotted in Rae’s yard yesterday that is pushing out buds.
Greg Marks the field representative for Assemblyman Dan Logue visited the mine site and reviewed the information about the lawsuit. The water coming out of the old twenty-one tunnel looked good, the creek looked good and he just stood there and scratched his head in wonderment, thinking “what’s the problem here.”
Just a few miners at the mine, plugging along.
Another “old-timer” has moved on with the passing of Monroe Baldrige. We will miss seeing him on his modified lawn mower heading to Casey’s Place for a drink. His laughter will be remembered.
in reply to: Gold Enters Major Bull Market #4593Surprising comments from Jim Willie concerning gold and China from kitco.com today:
Whether Americans and Westerners in general like it or not, the Chinese have become and will remain the key drivers to many economic and financial market developments, progress, and averted wreckage. The intrepid lapdog US press, loyal to the syndicate, is a critical element to maintain distractions. Of course, China must adapt and react to their own stumbles and accidents, assured since for years they have maintained a tight link in monetary policy. Doing so has linked their asset bubble expansion and bust cycle to the deadly one in the United States, and filled their coffers with US$-denominated toxic debt securities. However, China has three advantages over the US that stand out. They have $2.65 trillion in savings, rainy day money in a war chest. They have a vast industrial base, courtesy of the US, the West, and Japan, which donated the technology for the fabled disastrous low-cost solution. They have an expanding middle class. Neither the US, the UK, nor Western Europe has anything remotely similar to these three benefit allowances. It is slowly becoming clear that the US granted the Most Favored Nation status to China in return for massive gold & silver swaps to the USGovt. The Wall Street fraud kings illicitly sold the leased bullion into the market, to sustain the American fiat paper congame, and thus a betrayal to the Chinese.
The Beijing leaders are highly motivated to unseat the Anglo bankers from their perched throne, emboldened by vengeance. The betrayal was to the American people also, since waves of jobs went to China from US shores, since the US sold not only its own Fort Knox gold inventory, but Western Europe’s also, then China’s to boot. Those who believe the USGovt has any gold reserves at all should donate their cerebrums to science while still alive, a euthanized suicide. The USGovt in all likelihood is in possession of less than zero gold, owing both Europe and China massive amounts. It is the American ticket to the Third World, paved by lost industry, locked by vast debt, assured by broken economic principles blessed by high priest heresy. The US banking leaders still believe the US can revive itself by the flood of more debt and stronger consumer spending, without a clue of what legitimate income means or where it comes from.
in reply to: Gold Enters Major Bull Market #4591I just received this section of an email from Mike Maloney’s company tonight:
in reply to: Gold Enters Major Bull Market #4587I’m told of a fellow who knows the value of precious metals. He himself has a whole safe full of
silver in various shapes inclu-
ding ingots.in reply to: Gold Enters Major Bull Market #4590Rick
Your friend along with other folks will be greatly enlightened by listening to or reading the works of Mike Maloney regarding gold and silver available on the Internet(YouTube).
Some of Mike’s well thought out forecasts and researched facts concerning these two metals could shock you.
in reply to: Gold Enters Major Bull Market #4589in reply to: Gold Enters Major Bull Market #4588Bluejay…please write me back immediately with the vehicle web address for purchasing legitimate gold. I’ve a friend standing with me who needs to make his move NOW and I’ve miss-placed the link
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