Golden Escape Pods

“By this means (fractional reserve banking) government may secretly and unobserved,
confiscate the wealth of the people, and not one man in a million will detect the theft.”
---The Economic Consequences of the Peace, John Maynard Keynes (the father of Keynesian Economics) (1920)
What is gold really worth today? While the accurate answer simply is whatever someone will pay for it, there are historical measures which indicate that it is seriously undervalued. Could it stay that way? Only if the central bankers are correct in what they tell you about gold and also are correct that economic depression and monetary hyperinflation are things of the past. Even so, the gold market will require ongoing rigging, because there are a great many people around the world who quite simply don't believe the central bankers - and with good reason.

I'm going to go through a quick analysis of the value of gold, one of many ways in which a value can be derived, I might add. It almost certainly will require you to read through it a few times to get the drift, because it is not the point of this article to be an exhaustive treatise on gold or investing, after all. Rather, I wish only to construct an argument for gold being used as a defense against the economic war being waged against us.

By 1945, 63,570 tons of gold had been discovered and mined, worldwide. In 2003, 144,092 tons existed, a 127% increase. Very little gold actually is used industrially or otherwise (as in dental work), unlike so many other precious metals, so most of the gold ever discovered still exists and is sitting in someone's vault.

In 1945, 68% of all gold was in central bank vaults. In 2003, 12% of all gold was in Central Bank vaults.

The total outstanding value of gold outside bank vaults in 2003 was about 100 times the total outstanding value of gold outside bank vaults in 1945

more...

http://www.conspiracypenpal.com/columns/gold.htm

at the botom it says this about the author:

"Edgar J. Steele, noted White-civil-rights attorney, is the author of Defensive Racism - An Unapologetic Examination of Racial Differences, now available through www.Amazon.com. Get a $5 discount by ordering directly from the publisher. Visit www.DefensiveRacism.com for more information..."

who followed the link and started giggling at the dire predictions about the "New World Order"?

Gold is still a good investment..krugerands were quite trendy back in 80s..The US coin market has been red hot for 4 yrs and still going strong...

BUT if bushco cracks this economy much further....gold will get hurt as the big players eat like pac man.. the rest ..

I lost $50,000 from 11/00 to 8/02 {mutual funds}..I am not alone..

I BLAME Bush and his repukes for the largest transfer of wealth in history from the middle class to the uber rich.. and they call it a recession or correcxtion..I call it stealing and fraud..
When is kennie boy lay..gonna wear stripes??

Cultish, fear-based thinking. Eew.