GOLD-seen as zero risk refuge

BOY, events are sure moving accelerated rate!

Hard to keep up with so many natural and manmade disasters. It is clear we are in unchartered territory. Big institutions continue to tetter and fall, there is much work to be done still. Watch out below!  The gold market senses  the distruction of the fiat currencies and will act accordingly.    

GOLD SEEN AS ZERO RISK REFUGE
No charts are necessary. A thousand words might suffice, rather than six charts showing Gold breaking out to new highs across the world. Some major points scream to be told. Here is a list:

• Gold is rising in every single major currency
• Gold is not a hedge against price inflation, but rather against ruined monetary system
• Gold is making new highs in almost every single major currency
• Gold had consolidated in price for four months, the base for breakout
• Gold will reach $2000 in price within the next two years time
• Gold is desperately needed to anchor the failed fiat paper currency system
• Gold is planned for a component role in the new Northern Euro currency
• The sovereign debt crisis has fueled demand for Gold without the full realization that the central bank franchise system has failed along with the fiat currencies
• Quantitative Easing is monetary hyper-inflation, the fuel of the Gold rally
• Gold is urgently needed as a bank reserve to ensure proper function
• Gold contains no inherent counter-party risk
• Gold is in the midst of vast supply shortages
• The Gold Cartel is seeing defections among its allies, who are buying gold bullion after the cartel knocks down the price
• Nations are hoarding their gold mining output, the latest possibly Venezuela
• Gold is seeing panic buying in parts of Europe, like Austria
• Gold mining output is trending down for the past few years
• Gold was by far the #1 investment asset in the entire 2000-2009 decade
• The US Dow Jones Industrial Average is in multi-year decline, in Gold terms
• Gold is protected from human corruption, except in its theft and hollow replacement
• Gold market is receiving heavy scrutiny for corrupt metal exchanges
• The London Bullion Market Assn has been in default since December, bribing on delivery demands to receive cash settlement with a 25% premium paid
• The GLD gold exchange traded fund is a corrupt diversion from metal ownership
• Hong Kong is soon to offer several exchange traded funds for Gold
• Gold can and does rise in price concurrently with the USDollar
• Future payment for oil shipments will require a gold-backed currency
• New barter systems of trade will contain a gold core component
• Gold is the ultimate safe haven asset
• The USTreasury has no gold reserves, as Fort Knox is empty, since the Clinton-Rubin gang leased it and sold it all
• PIGS nations have more gold reserves than the United States
• Switzerland and Canada have almost zero gold in national reserves
• The IMF gold sales are lies, actually closed out USGovt gold short transactions from past years when the Clinton-Rubin gang leased gold for sale
• Gold leased from the Italian central bank was lost by LongTerm Capital Mgmt
• Bear Stearns was targeted for a kill, since it was long in gold, defying Wall Street
• China participates with the IMF sideshow game in order to buy its gold pledges
• If Gold were revalued at 3x to 5x the price, many national banking systems would be restored to health and solvency
• Price hyper-inflation is the likely next blemish on the US landscape, which will fuel broad public gold demand
• Any attempt by the USGovt to confiscate gold would result in a gigantic backfire, with the gold price doubling in price, and US foreign assets subjected to freezes
• Gold will reach its high range when US bankers along with London bankers face a Nuremberg style criminal trial on the global stage
• Prepare for the arrival of a small group of new Gold-backed currencies, the USDollar death knell
• As John Pierpont Morgan once stated under oath before the USCongress and the Pujo Commission in 1913, “Gold is money, and nothing else“
• MONEY IS BEING CREATED FROM FIRE HOSES WITHOUT RESPECT FOR SYSTEMIC INTEGRITY IN UTTER DESPERATION, AS GOLD RESPONDS
• This a a timely and accurate report by Mr Jim Willie of the Golden JackAss Newsletter.
• Its time for people to wake up and purchase physical gold and silver as the only true hedge to the coming inflation.

Wayne Isaksen- Teampayitoff.com