Showing posts with label price. Show all posts
Showing posts with label price. Show all posts
Monday, August 27, 2018
Monday, December 4, 2017
Saturday, September 16, 2017
Outspoken speech of BIS official William R White (2005): The fifth objective of Central Bank cooperation is to influence the price of gold
This is not a conspiracy theory. The financial elites don't always
operate in the dark. Sometimes they explicitly describe what they do.
The deniers are willfully blind.
http://moneyinsights.org/2015/11/29/clearly-speech-of-bis-official-william-r-white-2005-the-fifth-objective-of-central-bank-cooperation-is-to-influence-the-price-of-gold/
http://moneyinsights.org/2015/11/29/clearly-speech-of-bis-official-william-r-white-2005-the-fifth-objective-of-central-bank-cooperation-is-to-influence-the-price-of-gold/
Monday, August 14, 2017
Sunday, May 21, 2017
Saturday, January 21, 2017
Chinese Gold Standard Would Need a Rate 50 Times Bullion’s Price
I'm surprised Bloomberg published this article, given they are shills for Wall Street--and decidedly anti-gold.
https://www.bloomberg.com/news/articles/2015-05-20/chinese-gold-standard-would-need-a-rate-50-times-bullion-s-price
Labels:
bullion,
Chinese Gold Standard,
price
Monday, September 5, 2016
Wednesday, August 3, 2016
Bitcoin Price Crashes After Exchange Admits Security Breach, Over $60 Million Stolen
I was initially enthused by Bitcoin as an anti-dollar crypto-currency, but after researching its cyber-security issues, I became suspicious of Bitcoin's creation. My suspicion was Satoshi Nakamoto, the alleged mythical creator of Bitcoin (whether one person or a group of hackers), could be a sub-unit of the US Treasury.
The holes in the security of Bitcoin, and the non-anonymity of the block chain header--which tracks all transactions, hinted towards a backdoor created by financial authorities to track nefarious Bitcoin holders.
Is this conspiratorial? Yes, but who benefits by providing an alternative to the USDollar, yet still maintaining confidence in the dollar? If gold is an undesirable alternative to the dollar, Bitcoin could be a welcome supplement to dollar hegemony for the financial status quo.
Due to the obvious risks of holding Bitcoin (it's electronic, it can be lost, it can be stolen, and competitive crypto-currencies exist--undermining its stated goal of scarcity), I subsequently couldn't endorse Bitcoin or any other crypto-currencies.
The fall of Mt. Gox raised my suspicion. This latest theft of Bitcoin confirms my skepticism. The fallout of this latest electronic theft is yet to be determined. Who is legally liable? Will insurers guarantee the losses?
At the end of the day, Bitcoin is an electronic entry, much like a bank account. The difference is banks don't have the reserves to back up their deposits due to fractional reserve banking, which is hugely problematic despite reassurances by the financial authorities.
Ownership is 100% possession, so the ultimate safe haven currencies are still physical gold and silver. This has been true for over 6000 years, and will continue to hold true.
http://www.zerohedge.com/news/2016-08-02/bitcoin-crashes-after-exchange-admits-security-breach
The holes in the security of Bitcoin, and the non-anonymity of the block chain header--which tracks all transactions, hinted towards a backdoor created by financial authorities to track nefarious Bitcoin holders.
Is this conspiratorial? Yes, but who benefits by providing an alternative to the USDollar, yet still maintaining confidence in the dollar? If gold is an undesirable alternative to the dollar, Bitcoin could be a welcome supplement to dollar hegemony for the financial status quo.
Due to the obvious risks of holding Bitcoin (it's electronic, it can be lost, it can be stolen, and competitive crypto-currencies exist--undermining its stated goal of scarcity), I subsequently couldn't endorse Bitcoin or any other crypto-currencies.
The fall of Mt. Gox raised my suspicion. This latest theft of Bitcoin confirms my skepticism. The fallout of this latest electronic theft is yet to be determined. Who is legally liable? Will insurers guarantee the losses?
At the end of the day, Bitcoin is an electronic entry, much like a bank account. The difference is banks don't have the reserves to back up their deposits due to fractional reserve banking, which is hugely problematic despite reassurances by the financial authorities.
Ownership is 100% possession, so the ultimate safe haven currencies are still physical gold and silver. This has been true for over 6000 years, and will continue to hold true.
http://www.zerohedge.com/news/2016-08-02/bitcoin-crashes-after-exchange-admits-security-breach
Wednesday, January 28, 2015
Thursday, November 20, 2014
Thursday, July 24, 2014
Monday, May 26, 2014
Friday, September 13, 2013
Tuesday, September 3, 2013
Tuesday, July 16, 2013
Friday, June 14, 2013
Sunday, April 21, 2013
Tuesday, April 9, 2013
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