Description: ============ This video records the GATA conference held in Dawson City, Yukon Canada on August 7-9 2005. The conference exposes the manipulation of the gold market by central banks. GATA is the Gold Anti-Trust Action Committee and can visited at www.gata.org. Background ========== The value of gold is kept low to keep the value of the dollar high. Traditionally the value of a currency is measured in gold. Current economic policy (Monetarism) advices to infuse new money into the economy to stimulate economic growth. For the last few years money growth in the US has been over 10 percent, much higher than the growth of the economy (GDP). This does stimulate the economy, but the dollar also looses it’s value (inflation). New money (credit) is not given to economic participants but lend to them. By now the American consumer is deep into debt (mortgage) and the US government too (bonds). Total debt in the US is over 40 trillion dollars. Total debt is 330 percent of GDP, in 1929 just before the Great Depression it was 270 percent of GDP. Foreign banks and foreign investors are stuck with trillions of dollars worth of bonds and other investements they cannot be sell, because otherwise the dollar would collapse. The US goverment needs to borrow over 2 billion dollars per day to make ends meet (deficit). Foreign investors are loosing appetite for the dollar, because it is obvious these loans to America can and will not be paid back (with real money). The US goverment …
It’s not being supressed now It’s sky high and rising so this is partially erroneous
Pffft! Are you saying human nature is changing? I disagree completely. We never change. You are definitely right to point out the arbitrary nature of the value of gold. People aren’t as enchanted by “lookin’ at how shiny it is” anymore. We’ve got far shinier things. It does have some inherent usefulness in circuitry, but it’s not especially useful amongst the metals.
Rarer than gold? How is it rarer? I hope that doesn’t come across as sarcasm, because I really am curious what you mean.
Yes, Silver is rarer than Gold b/c it’s used in the Industry as well. Years ago, the ratio was 1:10 (gold and silver respectfully), now according to Jason Hommel, Silver will probably be 1:5, meaning, if Gold hits $5k/oz, silver will be 1K/oz.. I have some Gold, but mostly Silver
Interesting. I figured the reason might be something along those lines.
Good point, but we never know.
However, I disagree with you that we are naturally like this. We are not naturally evil. We are products of our system. We just need a new system.
To a degree, we are, I agree. And some would account for the discrepancy of people growing up in a good system, who turn bad, with genetics. I know this is a whole can of worms, and we could have a very long, civil (I can tell you’re a civil person) discussion on it. I think people are potentially either one, and are ultimately a product of their own choices. Psychology is the effort to study human consciousness without reference to the fact that man is conscious, though.
We could get into a debate about whether or not free-will can truly exist in materialistic determinism (i.e., nothing in the material universe happens without being merely the domino effect of prior causes and all apparent consciousness is just pareidolia {seeing faces in clouds}). I’m up for it, if you are, but it would just take up SO much comment space!
When they say rarer what they mean is that there is less of it mined. There is more gold mined and owned than silver. Gold has traditionally always been more valuable so more effort has been put into mining it, so the gold reserves of the world are larger than silver reserves. There is, however, more silver than gold on earth if you count all the metal in the ground not yet mined.
Ooohhh….
Its not sky high yet – Its made nominal highs, but inflation adjusted highs will be much greater.
The future of the world has to depend on scarcity. Resources are scarce and will never be infinite. Not everyone can gain all the resources they need by themselves, so they must trade. As long as people are trading they will need an intermediary, such as gold.
I hope people are becoming less greedy, but you also gotta bare in mind commerce is essential for a progressing human race.
The system is and always be the problem…why? Because that system is about greed and Legislation’s for litigated control, Wars and money for the few in power.
We need to return to a system of self reliance, responsibility, education NOT institutionalism and a social global respect for all mankind not for territories or countries…Everyone! NO Government, NO police, NO military, NO banks, NO religion. Only then will humanity & logic surpass greed & ignorance and true serenity will exist.
Well said. The world has to be ready for it first. We’ll see, I guess.
why would India and Mauritius buy 400 and 200 tons of pure gold? why does not the USA also buy more gold? why does the u.s.a. still price gold at 42.00 per ounce?
The US government cant start buying gold, it would be a sign to foreigners to not buy our treasuries. The Treasury and the Fed still value it at 42 since that is what it was when the US went off the gold standard. It all sounds silly and ludricious (and is) but it is another method by which the Fed can pump the system with inflation.
excellent feedback. The Fed is now the problem. but white house, congress, senate are also the problem. and the american people are the problem because we dont like to suffer pain. only pain can cure us now. we need to get off life support and bite the bullet and pay our bills and stop spending and stop borrowing.
The US Government is already the largest owner of Gold in the world.
but the problem is that the u.s. government is also the largest employer in the nation. this is wrong. whenever you have a government with the most workers you have communism.
You can’t eat gold or dollars. The new currency will be water and food, and last but probably more important, bullets.
@bikelessbiker57 That is logical but only immediately after the crash, once people start growing food again Gold will be king as usual…I say BUY BUY BUY.
guns and water will be great.. but gold will still be king. So will silver for the common person.
Tools. Buy tools.
We are living in a Prison Planet! Prepare for the future or face the grim consequences!
Buy Gold and Silver! Have a 1 year food storage!
Be able to protect your family by excursive your individual right to bear arms!
Reach out to friends and family to awaken them to the true grim sense of reality we all live in today!
goooooooooooo buy gold!!!!!!!!!!!! hahahaaaaaaaaaaaaaaa!!!!!!!!!!