Question about the price of Gold

[David Hughes]

If the Wilcock/Fulford story has a basis in reality, what will happen to the spot price of gold, bearing in mind that there is apparently at least 9 to 10x more gold stored underground than is currently accounted for?

In financial terms, my understanding is that the more of something there is, the less its worth. That's why the US$ and all paper currencies lose their value. They are ultimately backed by nothing but thin air. The price of gold has risen because it is priced in dollars and cant be printed like paper money can.

But what happens when the financial reset button is hit like it surely has to be? What happens to the price of gold when u factor in the previously unaccounted for gold that apparently exists?

The spot price is $1615 / oz as i write this.........

[meredith]

Tyler Durden -- I'm a big fan! ;-)

I wondered about this too. Although I'm feeling pretty jaded about who to believe and now regard Wilcock/Fulford with suspicion, I recall the anonymous caller alleged that much gold was being transported off planet. In fact, I think Kerry made a point of repeating that as well. If it's true (and who the hell knows anymore?) then scarcity principle would be back in play.

[David Hughes]

It's bizarre stuff this talk of transporting gold off planet, and a random guy calling in on behalf of Wilcock from somewhere "off planet" to try and settle him down. A couple of years ago I thought anyone questioning the official 911 story was nuts!

I'm just wondering about gold purely from an investment point of view. If paper currencies collapse then the price of gold will sky rocket - but not by nearly as much if its announced that there is actually at least 10x more of it in existence.

Hard to make informed decisions when u don't have all the facts....

[PHARAOH]

Gold could very well be the next "BUBBLE" to burst. Just a thought. :suspicious::confused::suspicious:

[David Hughes]

As things currently stand, gold most certainly isn't in a bubble. Very few people actually own any. But things change if there is actually 10x more of it than has been made public.

Where is the safe haven for investors?

[Taurean]

Maybe taking Gold off world is causing the Pole Shift ?

LOL, - well it might be.

[Gardener]

A few years ago when gold was around 300$ oz, someone told me that in order to bring a gold standard back, to match the printed money and values e.g. house prices etc, gold would have to increase in value by x 100. That figure would be somewhere in the region then of $30,000. oz. which would be the real value. I can see how introducing more gold could have an interesting effect of lowering its value again to a realistic value. Just some thoughts

[David Hughes]

Well, that's the question i'm trying to answer - what is the real value of gold?

[Fred259]

Gold could very well be the next "BUBBLE" to burst. Just a thought. :suspicious::confused::suspicious:


Wow Pharaoh, that’s some insight….the same bastards who were responsible for the destruction of the towers are also responsible for “fractionally created gold and gold certificates” In much the same way as they created fractional reserve banking they have created and sold the same gold many many times over.

Unless you take delivery of the gold, and can vouch for its integrity, i.e. you know what you are doing and it’s real gold then being in gold is a complete waste of time.

9/11 was really all about Gold. That’s why Cantor Fitzgerald was eliminated. The company had offices in tower one if you recall.

The Pentagon building has over 7,000 windows. The Dept of Naval Intelligence at the Pentagon was investigating the theft of thousands of tons of Philippines gold stolen by our friends in a deal that saw Imelda Marcos live out her life quietly in Hawaii.

The stolen Philippines gold was transported initially by the US Navy to Oregon and then to Switzerland where it’s hidden in vaults under the runways of Kloten Airport.

Cantor Fitzgerald facilitated this theft, which is why they and the Dept of Naval Intelligence and more importantly Captain Gerald De Canto and his staff and team of investigators had to be eliminated.

We the public were told “the Pentagon” was hit by an airliner. No. Think more in terms of the Dept of Naval Intelligence within the Pentagon being eliminated by ballistics.

As for gold being off planet… well think about it who gains from spinning these stories.

According to Ron Paul, the Fed Gold hasn’t been audited since 1959 so when the patriots finally kick down the door at Fort Knox and find bars of tungsten before looking off planet try looking under the runways of the airports in Switzerland!

Oh and another thing…. the best of luck…. Remember…. we will prevail.

[modwiz]

as it stands, gold most certainly isnt in a bubble....very few people actually own it.....
but then again, if there is 10x more of it than has been made public it most certainly is in a bubble!
where is the safe haven for investors?!
the whole damn thing appears to in a bubble!!

Investment? What language are you speaking? Sounds like wall street speak to me. People are an investment. Seeds for food are an investment. The whole paradigm of needing to invest to insure oneself against the ravages of 'your on your own' capitalism is hopefully about to end.

[RMorgan]

well thats the question im trying to answer i suppose - what is the REAL value of gold?!
surely its got to be anyones guess!

As I told on another thread. There´s so much gold indeed, that if it was all released on the market, the gold price would go down to the price of iron ore.

This is not new info. Certain families already know of all gold unexplored reserves in the world. They hold power of such reserves and control the gold extraction to keep it in a good price range, so they can profit forever.

They release gold, the price goes down, they but gold. The take out gold, the price goes up, they sell gold. The difference between this transaction is their profit, which is HUGE.

I doesn´t happen only with gold; Oil, Diamonds, Silver and other precious and supposedly very rare resources are also controlled by similar systems. That´s how the system works.

About the gold bubble, there´s a bubble that goes beyond imagination, not because there´s much more gold than we were lead to believe, but because there are currently much more gold certificate papers than real gold circulating in the market. If all people who own gold certificated decided the exchange them for real gold at the same time, there wouldn´t be enough gold for everyone.

Ben Fulford isn´t right about one thing...He´s focusing too much on Asia, however, South-America is in fact the richer continent in terms of unexplored gold reserves. Have you ever heard of the legend of El Dorado? I´m sure you have.

The El Dorado is real. It´s located on the region of the Parima lake here in Brazil. This region is being explored in secret by the British, who bribe everyone, with direct orders from Prince Charles himself. There so much money involved with this situation, that the Brazilian government don´t even talk about the subject. That region is an unofficial British territory, inside Brazil. This information is so controlled, that even the alternative media can´t touch it.

Cheers,

Raf.

[conk]

as it stands, gold most certainly isnt in a bubble....very few people actually own it.....
but then again, if there is 10x more of it than has been made public it most certainly is in a bubble!
where is the safe haven for investors?!
the whole damn thing appears to in a bubble!!IMHO, the safest haven is land, farmland. That's my goal, to buy a small farm with good soil and running water.

Gold wll always have value compared to fiat paper, especially during the end of the fiat cycle - which we are in.

[David Hughes]

Thanks for the replies…..all becoming a bit clearer/more hazy.

modwiz

Call it what u want. I'm talking about people with savings and bills to pay who want to see their savings hold some value vs the US$ and other fiat currencies. I hope that in the very near future questions like this one become redundant but for now it remains relevant, and before I decide to buy some physical gold, I want to make sure it’s a safe investment/store of wealth – call it what u will. I'm fully aware that there is no guaranteed risk free investment except for things like u say – seeds, food, shelter etc

RMorgan

Thanks for the info. I never heard about the gold in Brazil before.

Yeah these gold certificates are another factor to consider. That dilutes the price of gold even further. I heard Max Keiser say recently that there is around 100x paper gold vs actual physical gold. Add that to the figure of 10x more gold in existence than is actually accounted for and the numbers start to get ridiculous.

[David Hughes]

Nice quote by Marc Faber i just read:

"I am ultra bearish. I think most people will be lucky if they still have 50 percent of their money in 5 years time. You have to have diversification - some real estate in the countryside, some gold and some equities because if you think it through, say Germany 1900 to today, we had WWI, we had hyperinflation, WWII, cash holders and bondholders they lost everything 3 times, but if you owned equities you'd be ok. In equities in general you will not lose it all, it may not be a good investment, unless you put it all in one company and it goes bankrupt."

[TargeT]

I'd look into silver, at 30/oz it has potential to go much higher & I feel it would hold value at at least that spot price for a long time due to many factors..

for LONG periods of time gold and silver were locked into a 20:1 ratio...

now its 1,6XX:3X... so that alone.................


I would side step gold .