The price of gold and silver has seen a massive decline as of late, prompting one analyst to suggest that there is no compelling fundamental reason to own precious metals and the only thing investors can do now is “hope and panic, in that order.”
But while current prices and technical charts may leave some with the feeling that gold’s bull run is over and the bubble has popped, others are scooping up as much yellow and silver metal as they can find, and in some cases they’re doing it by the tens of thousands of ounces.
According to recent data from the Chicago Mercantile Exchange, private investors are rapidly exchanging their paper holdings and turning them into deliverable physical assets, an indication that the purported ‘free market’ price for gold on global exchanges is grossly undervalued.
Brinks is now being depleted.
They have gone from 447,199 on July 3rd to 134,525 on July 9th which is a drop of 312,674 oz.
If this is correct, then this is a decline of 70 percent in the gold held in private accounts at Brinks in just one week.
If this is data is correct, it would not be too much of a stretch to say that this has the appearance of ‘a run on the bank.’
Economic researcher F. William Engdahl today tells the German financial journalist Lars Schall, writing for Matterhorn Asset Management’s Gold Switzerland Internet site, that the smashing of the gold price in April involved so much paper gold that it could only have been the work of the Federal Reserve.
Engdahl adds that central banks may not have possession of the gold they claim as their reserves. He cites GATA’s work and says that if the gold market was fair and transparent without naked shorting of gold futures, the gold price would have reached $10,000 a few years ago.
The interview, the second part of a series of three, is headlined “There Is No Such Thing as a Free Market” and it’s posted at Gold Switzerland’s Internet site here:
Mmmm, munitions taste so good … eat a soy bomb today!
A highly concerning new investigative report from the largest daily newspaper in Germany alleges that Monsanto, the US Military and the US government have colluded to track and disrupt both anti-GMO activists and independent scientists who study the adverse effects of genetically modified food.
As revealed yesterday by Sustainable Pulse, on July 13th the German newspaper Süddeutsche Zeitung detailed information on how the US Government “advances the interests of their corporations,” focusing on Monsanto as a prime example.
The report titled, “The Sinister Monsanto Group: ‘Agent Orange’ to Genetically Modified Corn,” described a ‘new fangled cyber war’ being waged against both eco-activists and independent scientists by supporters and former employees of Monsanto, who are described as “operationally powerful assistants” and who have taken up sometimes high ranking posts in the US administration, regulatory authorities, and some of whom have connections deep within the military industrial establishment, including the CIA.
“Monsanto contacts are known to the notorious former secret service agent Joseph Cofer Black, who helped formulate the law of the jungle in the fight against terrorists and other enemies. He is a specialist on dirty work, a total hardliner. He worked for the CIA for almost three decades, among other things as the head of anti-terroism. He later became vice president of the private security company Blackwater, which sent tens of thousands of soldiers to Iraq and Afghanistan under US government orders.”
“Thanks to Snowden and Wikileaks, the world has a new idea of how these friends and partners operate where power and money are concerned. The whistle-blowing platform published embassy dispatches two years ago, which also included details about Monsanto and genetic engineering.”
“For example, in 2007, the former US ambassador in Paris, Craig Stapleton, suggested the US government should create a penalties list for EU states which wanted to forbid the cultivation of genetically engineered plants from American companies. The wording of the secret dispatch: “Country team Paris recommends that we calibrate a target retaliation list that causes some pain across the EU.” Pain, retaliation: not exactly the language of diplomacy.”
The report details the case of Australian scientist Judy Carman, whose work on GMOs underwent heavy criticism by Monsanto supporters. Soon sites that published her work were attacked by hackers with apparent military connections:
Hackers regularly target various web pages where Carman publishes her studies and the sites are also systematically observed, at least that is the impression Carman has. Evaluations of IP log files show that not only Monsanto visits the pages regularly, but also various organizations of the U.S. government, including the military. These include the Navy Network Information Center, the Federal Aviation Administration and the United States Army Intelligence Center, an institution of the US Army, which trains soldiers with information gathering. Monsanto’s interest in the studies is understandable, even for Carman. “But I do not understand why the U.S. government and the military are having me observed,” she says. …
She doesn’t understand because she’s a normal human being, with common sense and emotional maturity. She does useful things, she contributes to human well being, creates new things and ideas, she’s a net asset to nature and the earth. She has no understanding of those who are the opposite of all those things.