Commodity Trade Mantra

Posts Tagged ‘Fort Knox’

National Debt: US Economy Priced in Gold - Cause For Alarm

National debt has increased exponentially for the past 50 years. The 35-year graph shows on average the national debt has increased rapidly, even when priced in gold. Debt is increasing far too rapidly & gold is underpriced. The current national debt is equal to about 100 times the total value, at current gold prices, of the gold “officially” stored in Fort Knox. This should be cause for alarm.

Physical Gold, the Misery Index and Monetary Insanity

The official national debt of $19 trillion, measured in gold, is about 15 billion ounces – around 100 times the quantity of gold supposedly stored in Fort Knox. Given the insanity of endless borrow & spend programs, ever increasing debt, overpriced stocks & bonds, desperation & delusions, and more … have you stacked physical gold in preparation for the inevitable consequences?

The Rehypothecation of Gold, and Why It Matters

Why keep the nation’s gold reserves so mysteriously secret? Maybe rehypothecation isn’t the reason; then what is? Fear of precisely what? Isn’t gold supposed to be a foolish relic? What’s the danger in letting people look at the foolish relic and count the bars and note the serial numbers on the bars? What’s the risk in that?

Why the U.S. is Letting China Accumulate Gold

The evidence is there. China is saying, in effect, “We’re not comfortable holding all these dollars unless we can have gold. But if we are transparent about the gold acquisition, the price will go up too quickly. So we need the western powers to keep the lid on the price and help us get the gold, until we reach a hedged position.”

IMF’s Gold Depositories- Nagpur & Shanghai: Indian & Chinese connections

The IMF holds the equivalent of US$27.5 million in gold with Reserve Bank of India in Bombay. IMF has received a letter from the Reserve Bank stating that it has recently opened an office at Nagpur, which is situated about 520 miles from Bombay in the interior of the country & contains a special vault for storing the Bank’s stock of gold.

Debt, Default, and Taxes (DDT) Are Poison

National Debt has been increasing faster than both population growth and hourly wages. The only solution is default, either now or later, either by refusing to pay the debt and/or by inflating the dollar so its value decreases to nearly nothing. With so much paper in the system it is easy to see why the Fed publicly denigrates gold.

Gold – Fertile Ground for Sarcastic Analysis

Sarcastic Analysis: Gold prices must go down for all the reasons given herein. Things are good, actually improving, and gold is headed down to about $400 per ounce. Gasoline & food prices have been steadily increasing for the last 15 years, (actually for 100 years), but they are almost certain to go back down next month.

17 Questions On Gold, Currency And Economy - Any Answers?

It is past time to realize that a debt based financial system is largely detrimental to most of the people outside the political & financial elite. A reset seems both imminent & inevitable. Convert paper & digital dollars to gold and silver and store them in a safe depository outside the banking system.

India's Temples Guard Their Gold From Government

India’s temples are resisting divulging their gold holdings – perhaps nearly half the amount held in Fort Knox – amid mistrust of the motives of authorities who are trying to cut a hefty import bill that is hurting the economy.

Gold in the Crosshairs

In the opening years of the last decade, most mainstream investors sat on the sidelines while “tin hat” Gold Bugs […]

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