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 …
“* Buy bullion gold bars or coins (do not buy numismatic coins).”
Does this mean that US American Eagles or US denominated gold coins are NOT good investmetns?
by “numismatic” do you mean old coins that are used for collecting.
Do you mean we should buy Gold and Silver for the ounce value? (and not collectible value.)
Finally, why does he recommend not buying prescious metals from a US company?
I gotta admit i did not look up the debt per capita of these countries, but i do know the US’ recently skyrocketted compared to the others. Canada used to have a higher debt, now the US probably broke through (The canadian government won’t disclose their debt, or at least i can’t find it on the web) just this year. The policies in the european union (to my knowledge) aren’t quite as disastrous as the american ones. Every week it’s a new shennanigan. As for the bond bubble…
… I have to check some things out, i haven’t been following them for a while. I’ll get back to ya on this.
I can help you on this. Numismatic pretty much relate to government issued gold/silver coins. Also means “to use according to law” There are a lot of advantage to them that i don’t have space to enumerate. As for buying at ounce value, sure! Each coin has it’s premium value though, which can change at any given time. Usually covers additional costs when the price on spot is too low. About “not buying from a US company” i would guess it has something to do with government tracking it, not sure.
Yup, fiat currencies are everywhere. The Euro is a good example! Recently, Germany gave the Comex a LOT of gold to cover contracts in order to avoid a default. A default on the comex is what everyone is waiting for!!
that’s the million dollar question. Some say they’re running out of gold fast. Some say fort Knox doesn’t have ANY gold in it! Ron Paul is working to answer these questions. The bottom line is that PMs should stay in-line with prices of other commodities like food, energy etc. The dollar is losing value every day and will be valueless at some point. Get yourself some PMs.
Eagles are good. The person means don’t buy that old as 5 cent coin that is supposedly worth so much and it just happens to be silver or gold.
video is 4 years old and still no skyrocketting? how long can they manipulate?
Still no skyrocketing??? Did you watch Part 1? They quote the price of gold in the $450.00 range. Google the price of gold today.
Ouch! My Mistake, wish I got on board back then!!!
Three years from now that’s what you will say again.
Your chance is NOW.
Buying munitions is a good investment too.
Bullets may be the currency of the future. No joke.
Watch the videos with Marc Faber. The big crash hasn’t even begun.
I too believe hyper-inflation is coming and the partial or total collapse of the USD, but I shudder to think that it will come down to the scenario you are indicating where ammo is necessary. the Gov has a new weapon for urban warfare it is an automatic gattling style shotgun it fires 20 gage loads @ 300 rounds/min. Google on YT AA-12, that and helicopters and we are done!!!
Now is the time to grab the Golden Bull by the Horns but wait for the adjustment first
$500 over 5 years isn’t the skyrocket they’re referring to.
I trade my weekly Obama dollars into silver bars.
the music is annoying and totally unnecessary
Check into the silver market; Gold is at all time highs, but silver is about 1/3 of it’s all time high. The silver market is also a LOT smaller than the gold market and typically rises much faster than gold. Also, look into the silver market manipulation claims of Ted Butler. He makes some very compelling arguments.
its not even OUR governments funny money anymore, the fate of our monetary system is in private hands
Canadian debt is past 60 billion and climbing! Also government officials say there’s no recession, yet the unemployment rate is above 10%…how does that make sense. Alot of small businesses are closing down, housing market is terrible and the price of Gold is going up. Price of food is going up also, but the price of non-essential items are going down like electronics, computers, but who needs those thing for survival.
Very important point. One could look at the government as a sort of public-relations arm of the entire body of international corporations. They’re totally owned and we are sold out.
I predicted the exact things you just said back in February 09 and put 90% of my savings in gold and silver.
great vids, but the stupid fng music gets in the way jeesh.
i agree
the same is happening with silver, but to a worse extent, it should be about $80/oz now not $17.
the world will RUN OUT of silver in the next 10-15yrs, yet the govt manipulators are keeping prices down, so people think silver is worthless, but theres actually LESS silver above ground than gold, yes LESS silver above ground, manipulation is the word people. silver could be worth MORE than gold one day, as its been used up, gold isnt used up as much as silver
go for goooooooooooold!!!!! hahahaaaaaaaaaaaaaa!!!!!!