Recent content by cluster

Hey barrett, my theory is that last night Lehman Bros had their trades closed after filing for Chapter 11 and they were net short on gold. This triggered a massive short covering and hence the explosion in price. The timing fits perfectly, and I remember reading that they were short on gold...

History would suggest otherwise on both accounts, unless the Fed can pull a rabbit out of its hat, in which case why hasn't it done so earlier?

No need to use PM as currency, doing so would be a waste and risk loosing the PM, a gold backed currency is one where the notes (paper/plastic) are directly redeemable for a certain amount of gold, all of them. The advantage is that this currency cant be inflated without actual work going into...

Yep, they are! We have a liquidity crisis at the moment, funds are selling whatever moves, even the good investments now in a dash to reduce leverage. This is tanking commodities/gold, but make no mistake neither is at the end of their bull runs. Oil supply and demand forces are unbalanced...

James Turk has solved the notion of returning gold to its true purpose - money. http://goldmoney.com/ Gold is Money. goldmoney fits all the constructs below.