As Yardeni puts it:
There is an interesting close correlation between the price of gold and the sum of US Treasuries and Agencies held by the Fed and foreign central banks. This shows that the price goes up as banks monetize the swelling debt of the US government.I'll say it's an interesting correlation. Bernanke and central banker cronies print money to buy up Treasury securities, creating inflation and driving up the price of gold. Any thoughts, Paul?
 |
| Click to enlarge. |
That is some pretty close correlation. Not intentional, I'm certain, but a good thing for all gold holders.
ReplyDeleteDale Fitz
Here is "caught in the act" evidence of comex rigging in the other direction...
ReplyDeletehttp://t.co/vwiCjIL
There a chart available showing the bottoming out process of gold in 2002 with the treasuries.
ReplyDeleteBernanke et al are too f*cking stupid to come up with or carry out that scheme.
ReplyDeleteBased on this chart if the debt ceiling is raised by 2.5T and the fed continues to purchase 75% of the debt, that correlates to approximately $500/oz increase in the price of gold.
ReplyDeleteUs Debt vs Gold Price is also a close correlation.
ReplyDeleteMy water bill went up...I blame Glenn Beck.
ReplyDeleteThe Central Bank Terrorists will drive prices to about double what they are now and then will create a new global currency and get rid of the USD. this is their plan.
Duh! US Debt vs Gold Price also is a close correlation.
ReplyDeleteTreasury securities are US debt.
The Federal Reserve absolutely controls the price of gold. Look back at the Urban Consumer Price Index (CPI-U) versus the Federal Funds Rate (FFR). Gold goes up when FFR < CPI-U. Gold goes down when FFR > CPI-U. The price of gold is directly proportional to the level of bozo-incompetence at the FRB.
ReplyDeletethe us gets gold for $45-oz from the silver smelt they own most of the gold mines/mineral rights and lease mining claims to privet people and if they find to much they get ran of there claim.
ReplyDeleteThey already took everyone's gold in 1933 the they switched off the gold standard in 1971 and now they wont even consider an audit on gold reserves at fort Knox and its rumored that some 900 billion in gold was stored under the world trade centers yet only 200 billion was recovered. Now they are (what seems to be on purpose) inflating the currency making a collapse inevitable (in time). Government is passing scary legislation that basically lets them declare martial law in the event of a national emergency (i.e. a dollar collapse) Is it possible that all this time "they" (elites,bankers, or whoever is pulling the strings) have been hoarding gold in order to crash the dollar and make the price of gold skyrocket? Also why did Kennedy try to introduce a "silver" backed dollar? If there were any gold left at fort Knox then why not try to introduce a gold backed dollar? and why on earth is the federal reserve continuing to print to money and cause inflation? I simply could not find another reason for them to almost purposely collapse the dollar. Furthermore another motive for them stealing and hoarding gold would be the simple fact that its a competing currency and they could theoretically get as much gold as they could which if any of what i said comes to be true between 1933, fort Knox, and the supposed missing gold from 9/11 it would total a sum of approx. 1 trillion dollars, this would be the price after the dollar collapse (projected of course. They could then (again whoever "they" are)propose a one world currency by saying we have this much gold and we can back the one world currency with our gold, which would put them in control of the entire world economy. just a theory i have been thinking about anyone have any input?
ReplyDelete