$3,000 gold here we come!!

It's been a 12 month consolidation.

Gold has gone sideways in USD. The ingredients for the rise from here are in place - i.e. the macro ones and TIME...time is up. The rise in dollars should be dramatic. Few see it coming. They (the majority) soon will. And when they do...it will be too late. That is the nature of a crisis - few see it coming. What does a world with $3,000 gold look like?

Thankyou Jim

To devalue the debts you must cheapen the currency – it’s always been this way.

The balance sheets of the biggest Central Banks of the world have already exploded, yet we have seen another round of QE commenced by all of them again.

This point is missed on the many - where does any Central Bank get the “power” to do that? It makes it up. It is a necessary action – do not spend time judging it. What are the consequences?

To devalue the debts you must cheapen the currency – it’s always been this way.

 

http://goldswitzerland.com/concerted-qe-the-beginning-of-hyperinflation/

 

 

 

Bernanke goes all in!

QE3 begins "open ended purchases"

Lets call it QE to infinity in respect of Jim sinclair who called it a couple of years beforehand.

Gold loved it, so did the Stock market. A necessary action but not without consequences. The scale is massive - will the consequences be massive also?

note: Gold at over $1,770 by Friday
PM stocks had a stellar week


http://www.jsmineset.com/2012/09/13/in-the-news-today-1308/

Ray says - you don't know history or economics if you don't hold GOLD

We all get heaps of stuff to read or listen to…do yourself a favour…it is one hr long video…find some time tonight…it will give you a good understanding of the macro world…

 

http://www.businessinsider.com/ray-dalio-on-gold-2012-9

 

Gold is a currency. Throughout the history, I won't tell you in length, money was like a check in a checkbook and what you would do was get your gold and gold was like a medium. So gold is one of the currencies-- We have dollars, we have euros, we have yen and we have gold.

And if you get into a situation where there's an alternative in this world, where we're looking at 'What are the alternatives?' and the best alternative becomes clearly one thing, something like gold, there becomes a risk in that.

Now it doesn't have the capacity. The capacity of moving money into gold in a large number is a extremely limited. So the players in this world that I have contact with that move that money really don't view gold as an effective alternative, but it could be a barometer and it is an alternative for smaller amounts of money.

To this, Bartiromo asked if he owns gold.

"Oh yeah. I do. I think anybody, look let's be clear, that I think anybody who doesn't have...There's no sensible reason not to have some. If you're going to own a currency, it's not sensible not to own gold. Now it depends on the amount of gold. But if you don't own, I don't know 10%, if you don't have that and that depends on the world, then there's no sensible reason other than you don't know history and you don't know the economics of it.

this will get a few more interested...the tsunami is getting closer to shore...

http://www.bloomberg.com/video/gross-gold-a-better-investment-than-bonds-stocks-67gICY2RTwy3MytiYpX8jg.html

I just think it will be higher than it is today and certainly a better investment than a bond or stock, which will probably return only 3% to 4% over the next 5 to 10 years....B Gross the largest Bond Manager in the world

 

I don’t want to direct...you need to analyse and arrive at it yourself...so you believe it...you need to look at what is occurring and think it through, without reading the Financial Review or WSJ.

Consider the questions:

3.5 yrs after the GFC we have another round of QE – why?

China to stimulate – why?

US Fed to announce another easing in Sept?...Why?

Is history any guide to the repayment of massive debt build up?

Is their a message in the Gold market?

If something dramatic is happening or about to happen – will the many see it or the few?

A Golden Lion speaks about what is coming

a 43 min video worthy of your time...

http://ceo.ca/frank-giustra-long-form-interview/

By all accounts Giustra is brilliant, connected and wealthy. He made headlines in 2007 by pledging over $100 million and half of his future earnings to establish a charitable foundation with President Clinton. Outside of philanthropy however, Giustra has been reluctant to draw attention to himself, and rarely speaks publicly about investing.

2 small videos...Robert Johnson

http://jessescrossroadscafe.blogspot.com.au/2012/09/robert-johnson-unmasking-wall-street.html

Robert Johnson in 2 videos sees exactly what is happening...it's the last days of Pompeii, gold does not go to $3,000 with the band playing...it goes there shrieking...


QE all over the press this weekend after Jackson Hole...think! Will it go into productive assets?
"they can pump money into the system, but they can't regulate where it goes"

Further Wealth Transfer coming soon.