Economic Collapse – Gold Boom or Is It a Bubble?

Economic Collapse – Gold Boom or is it a Bubble?

Bix Weir has been warning people that this sudden rise in the value of Gold is just a bubble that may burst at any time.  Silver may be in a buble too.  China is grabbing more control of the gold market.

Bix Weir
Wed  Oct 6, 2010
Subject:  Buying Gold At Any Price

www.morningliberty.com

This is getting serious!

There has been a flurry of Gold related articles lately.

 

1) China to Become Global Gold Leader

http://www.commodityonline.com/news/China-to-become-global-gold-leader-32241-3-1.html

 

"China is all set to emerge as the global leader in gold with the country easing its laws to help import of the yellow metal. This will have a major impact on the global bullion trade as Chinese investors turn to the open market to satisfy their hunger for the metal."
 

My Comment: The Chinese are working closely with the Good Guys to take down the banking cabal. The timing of the announcement that China is relaxing gold import laws is perfectly timed as the FINAL take down will involve skyrocketing gold and silver prices. Watch for continued trade war talk from both sides.
 

2) J.P. Morgan Reopens Vault Amid Gold Demand
 

"J.P. Morgan Chase & Co. has reopened an underground gold vault in New York amid soaring demand and prices for gold bullion, according to a report in The Financial Times published Sunday. The vault had been closed since the 1990s. Deutsche Bank AG and Barclays Capital are also considering opening new vaults in London, the report said. J.P. Morgan opened its first vault in Asia for precious-metals storage in Singapore late last month."
 

My Comment: Here we have the banksters trying to take control of the PHYSICAL VERIFICATION process of gold bars. Knowing that a large portion of Gold bars are actually gold plated TUNGSTEN in order to control the price of gold they MUST control the verification process of physical inventories. They are trying desperately to prolong the Fractional Reserve Gold System by any means. QUESTION: Have you drilled your Gold Bars? "They" haven't either!
 

3) Reuters Summit – Super-Rich Investors Buy Gold by Tonne
 

"The world's wealthiest people have responded to economic worries by buying gold by the bar — and sometimes by the ton — and by moving assets out of the financial system, bankers catering to the very rich said on Monday. Fears of a double-dip downturn have boosted the appetite for physical bullion as well as for mining company shares and exchange-traded funds.."
 

My Comment: Most investors got into the Dot Com Bubble and got burned. Then they got into the Housing Bubble and got burned. Talk for the past month has been about the Gold Bubble even though VERY FEW own any real gold…but just talk of a bubble bursting has the average investors saying "Not me…not again!" about Gold. THEY ARE MAKING YET ANOTHER HUGE MISTAKE!!! This article will begin to sway those hesitant investors…but most likely the General Public will not show interest in physical gold in time to get their hand on any before the rockets take off. And time is very short. We are currently fueled and ready for lift off.
 

4) The ETF Rush of 2010: Gold Funds Gain Favor

http://online.wsj.com/article/SB10001424052748704029304575526230989546438.html

 

"Historically high gold prices are driving investors into exchange-traded funds and mining-company stock mutual funds at a time when many investors are shedding their stakes in stock funds."
 

"Flows into the Market Vectors Gold Miners ETF (trading symbol GDX), which tracks the NYSE Arca Gold Miners Index of the world's largest gold-mining companies, have increased 27%, or $42 million, so far in 2010, according to TrimTabs Investment Research. Meanwhile, flows into the SPDR Gold Trust ETF (GLD), which largely mirrors gold bullion prices, have added 35%, or $6.7 billion."
 

My Comment: Has there ever been a more obvious Ponzi Scheme than the one being perpetrated under the names of SPDR Gold Shares (GLD) or iShares Silver (SLV)? To say that the prospectus' of these ETF's are "full of holes" would be an insult to SWISS CHEESE! This completely fraudulent construct of the Bad Guys has accomplished many of their desired goals over the years including:
 

* Redirecting physical bullion investment dollars into paper gold and silver.
 

* Redirecting mining share investment dollars into paper gold and silver.
 

* A non-verifiable yet very visible hoard of physical metal to assure the public there is an oversupply of gold and silver bullion.
 

* A safe place to store bogus gold (tungsten) and silver (molybdenum) without the threat of customers taking delivery and melting the bars for industrial use.
 

* A physical hoard of metal controlled by a "Custodian" which uses the supposed physical metal to justify gigantic concentrated short positions on the COMEX.
 

Mark my words…this whole gold and silver ETF scam is going to end VERY, VERY BADLY!
 

and here's the topper…

5) The Federal Reserve is Selling Paper Gold and Buying Physical Gold

 

"The shorts of 'paper gold' at J.P. Morgan [the Fed in drag] are selling the daylights out of the paper market and simultaneously buying exclusive rights to producers' future production so they can try to fudge their way through an unmitigated fraud and settle a big enough chunk of their bad bets to keep this 'systemically ruinous' precious metals ponzi-scheme alive."
 

My Comments: At the very moment that interest in physical gold is starting to hit the everyday investor we find the biggest Gold manipulators in the world approaching mining companies to buy future production at future market prices. This tells me a few things. First, you can be sure that "they" are scared of not being able to source real physical gold in the future. Second, they think they can control the price of gold in the future or they would not be offering "future market prices" for gold. And third, and most important, by buying future mine production they are greatly decreasing the amount of physical gold that will hit the open markets going forward. That new gold they bought will have to go towards their current and future commitments and NOT go towards satisfying all the new investors that are in the process of learning about the gold market and the long term manipulation of gold. When they truly understand this secret they will buy gold at ANY PRICE!
 

THE PERFECT STORM JUST GOT A LITTLE MORE PERFECT!

 

******
 

Gold will continue to be headline news as we get closer and closer to the end of the banking cabal's reign. In my "Time Line" the collapse of the global financial system comes in the first half of November…which is only a month away! Of course nobody knows the exact timing for sure as to when it will all fall apart… WE JUST KNOW IT WILL!
 

Keep an eye out for more gold news and stay safe with gold and silver bullion in your possession.
 

Bix
***********************************
“Experience hath shown, that even under
the best forms of government those
entrusted with power have, in time, and
by slow operations, perverted it into
tyranny."
— Thomas Jefferson
***********************************


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