Bush connection to the developing POG scandal.

Bushies of all kinds are intimately connected with the unfolding gold suppression/market manipulation scandal. Enron is merely the toe sticking out from under the bed.

And you said why should I care if Bush manipulates the price of gold for his buddies profit?

Quote
Hedge Our Gold Production - Not Us!

Friday, November 21, 2003, 10:36:00 AM EST

Author: Jim Sinclair’

New accounting regulations affecting the international minerals industry require that a hedging gold producer must identify each hedge position according to the property it is entered into for.

As a result of that, profits or losses from the hedge position must be factored into the performance of that individual property such as Barrick’s (ABX) Bulyanhulu Mine in Tanzania which is non-recourse to other assets and is based on a large gold hedge position.

It has long been my suspicion that the poor performance of many of Barrick Gold's projects had little to do with the project itself but more to do with a rising market for gold and the impact on the profitability of the hedge position debited to the project's income statement.

Well, yesterday I published a chart of ABX that had turned bullish and now we know the reason. The company just announced it would cease hedging its gold production. Look for Barrick to rejoin the gold stocks where large funds are concerned for liquidity reasons and therefore appreciate accordingly.

Too bad for the elitist Andy's Army and other members of the Gold Cartel as they lose their best clients to common sense. That common sense decision is that in a bull market for gold, being short 17,000,000 ounces is not the optimum position.

Keep in mind the high powered board of directors at ABX including past President, George Bush Senior. The decision to stop hedging had to be Mr. Munk's most difficult day. ABX and Mr. Monk are the Godfathers of hedging. It is to their credit that the industry entered into this practice.

-END-

Note the last paragraph.

Also now note that the only thing proping up junior is his friends money. That money will soon go away when the dollar finishes tanking over the next couple of weeks...and the discovery phase of the Blanchard trial goes forward....revealing the extent of the manipulation of the markets by the administration for the benefit of their friends. Goes all the way to the top.

A reward of $50,000 in gold coins is being offered for the first whistleblower to come forward with the details.

Why should I care you say? Well, the Bushies and their buddies on high are uniquely vulnerable to the price of gold going up. If only one of every 10 DUers went out and bought one ounce of gold (*yes steep at 400, but cheap as it is artifically suppressed and will skyrocket over the next year as the dollar dies) it would put such pressure on the physical market so as to cause a reaction within COMEX (the trading of paper gold market which has been used to suppress the price).

If one out of 5 went out and protected some of their hard work with real gold coins, then Bushies buddies would start sweating.

At about one out of 3 they will start to freak.

You see what you do not realize is that the amount of gold and silver is very small relative to the huge amount of paper money that is about to get even bigger and be worth even less. Check your 401k lately?

And you see that if you go to www.gata.org and look at all the connections to Bush, if every Democrat in the country bought just a tenth ounce of gold, Bush would resign in the ensuing chaos of the bankruptcy of his friends...the one-percentile who are the richest in america and are 82 percent repub.

And get this. This sheeeit is coming anyway. The dollar is sinking before your eyes this year and will take a huge dive soon. The only way to protect any wealth one has is to not have it in dollars. Lots of people prefer to hold gold and silver and then to hell with the repub currency manipulators and their attempts to take your work from you by stealing through devaluation of the currency....

sorry to rant, but if one lives in a world dominated by money, then it behooves one to learn about the stuff and how it works. I figure a good duke-it-out about such subjects does all some good.


Except for bushie. And educate public is a damn dangerous thing.

I've been thinking about buying some gold anyway. Now I read this!
Thanks for the post. IMHO, more posts like this would be good for DU.

i found a gold coin in the 5 roman coins i got off ebay.

Plenty to digest here. There's an essay written prior to the '00 election. It is amazingly prophetic. I need to read it in detail but am posting the final two paragraphs to pique your interest.

From...
GOLD OR DROSS?
POLITICAL DERIVATIVES IN CAMPAIGN 2000
Reginald H. Howe

"If today's new era dissolves into another big new error under a President George W. Bush, the legacy candidate will be remembered above all else for fixing his predecessor's legacy: "Apres moi, le déluge." If a President Al Gore is at the helm during the upcoming financial storm, "Gored" will likely replace "Hooverized" as a descriptive term for political castration."

"But these unhappy outcomes are far from the rhetoric of the campaign. Each candidate promises to manage prosperity better than the other. Apparently oblivious to the extraordinary economic distortions built up over the past decade, neither candidate even hints at the possibility of hard times unless perhaps the other guy wins. In the event of victory, each is leaving himself and his party with little room for maneuver should economic conditions change for the worse. Yet the victory each seeks is likely to come with a dangerous political derivative: the chance to be crucified on cross of gold far more real than any imagined by William Jennings Bryan a century ago."

I worry more with each passing day...

I too am very intrested in purchasing gold after reading such articles and hearing of the likes...with the dollar dropping, may be a smart investment. Anyway, Im just a young poor kid outta college that cant get a real job, but I could probably tie up a good deal of my income in gold and silver (10-15k). Can any experienced DUers point me in the proper direction? Im so weary about putting my hard earned cash into something such as this. Thanks.


btw..totally clueless...buy coins directly? Buy bars, buy into an index...I really have little clues what the most convienent way to do this is...furthermore, when it comes to selling such at a future point, how is this arranged? Percentages taken as a brokerage fee? Absolutely lost but I ask at DU since I have a great trust of many of you here. Is kitco a good place to get started? Do pool accounts or have it actually shipped to me (seems like to buy actual gold at a loss, and sell it at a loss, would really suck unless a rise was gaurenteed)? :) See...I know nothing but have been passively considering such for months.

And it is GOING to, you will want to have
your gold and silver in small units, like coins.
Big ole lunking bars are not a good trading medium.
You can buy fairly small silver bars, but I would stick
to coins for the most part.
Also think about diversifying your assets.
25% in Euro, Yenn, Yuan or Pecos, and 25% in gold or silver.
But do it SOON- the day is coming when the Cabal is not
going to let you take any currency OUT of their sinking ship.
Contact Chase Manhattan in NY- they can provide you
with Broker services for international movements of your assets.
As far as your gold and silver, be sure that you are
dealing with a reputable distributer that is not going to
take advantage of what you don't know.
I have had very good dealings with older companies like
Monex. They will deliver or you can pick it up.
Don't have them store it for you- if it is not in your possession,
it aint gonna do you any good at the market/gas pump/ etc...