Buy Every Piece Of Gold You Can Lay Your Hands On
NB: This article was written by James Harkin and may not be the thoughts or opinions of Pastor Lindsey Williams or LindseyWilliams.net
BUY EVERY PIECE OF GOLD
YOU CAN LAY YOUR HANDS ON
BY JAMES HARKIN
“Gold is the currency of the elite” – Pastor Lindsey Williams
The ability to quickly obtain physical gold, silver and other precious metals is diminishing, so I agree with Pastor Williams that we need to start buying as much physical gold, silver, platinum, palladium and other precious metals as we can, while there is still a supply of it. In July 2013 we were informed that J.P. Morgan’s Comex Gold had dropped to a record low. For example in 2010 J.P. Morgan Comex Gold was just over three million ounces, it is now less than 300,000 ounces. At the same time in July Brink’s saw 24% of its entire registered holding, or 133,000 ounces quietly get withdrawn. This, together with the moves in JPM and HSBC inventory, meant that total Comex gold holdings dropped by 116,000 ounces to a new low not seen for the first time since 2006.
To confirm that there is a lack of physical gold – in February 2013 the financial world was shocked by a demand from Germany's Bundesbank to repatriate a large portion of its gold reserves held abroad. By 2020, Germany wants 50% of its total physical gold reserves back in Frankfurt – including 300 tons from the Federal Reserve. The Bundesbank's announcement came just three months after the Federal Reserve refused to submit to an audit of its gold holdings on Germany's behalf. What this means is that the central banks around the world are waking up to the fact that the dollar is no longer the world's safe haven asset and the US government is no longer a trustworthy banker for foreign nations. The Federal Reserve was unable to offer Germany its 300 tons of gold in a timely manner and arranged a payment plan over 7 years. Germany's gold had obviously been lent as collateral for other loans and since the Federal Reserve depends on a fractional-reserve banking system for its existence, the seven year timeline would allow it to save face and avoid a run on the Federal Reserve.
Max Keiser has state that gold and silver prices went down because of collusion and manipulation by the banks and said “how can there be a LIBOR [interbank interest rate] manipulation scandal, energy price manipulation scandal, credit default swap price scandal” and that “clearly [they] want paper up, gold and silver down”. He also concluded that it’s no longer economics since when the demand for gold increases the price of gold should also increase, but it hasn’t. He said that governments have increased the supply of bonds by 100-150% all over the world. In economics if the supply of bonds goes up the price should come down, but it didn’t it went up! It’s nonsensical. It is merely to keep the Ponzi scheme that is the global bond market rolling without having to pay off any of the bond holders.
From listening to what Andrew Maguire and Max Keiser were talking about on episode 501 of ‘The Keiser Report’ that the stockholder owned Federal Reserve has sanctioned bullion banks in the past to move markets at very quiet times of the day. For example Andrew Maguire said that in early September 2013 the day after the COT (Commitment of Traders) reporting cut-off the price of gold was significantly reduced at around 1-2am. He questions who would be around at that time to dump that many contracts on the market when there was little liquidity in the market. He claims that this move leads back to the Federal Reserve and the CFTC is failing to do its job. Recently a five year investigation by the CFTC (the Commodity Futures Trading Commission) into silver market manipulation was recently closed regarding J.P. Morgan allegedly manipulating the gold and silver markets and found that “based upon the law and evidence as they exist at this time, there is not a viable basis to bring an enforcement claim with respect to any firm or its employees related to our investigation of the silver markets.” Mr Maguire has said that the CFTC were sitting on the evidence from at least two J.P. Morgan whistle-blowers that market manipulation had taken place.
J.P. Morgan has courted controversy in the past and it is no secret they shorted 3.3 billion ounces of silver a number of years ago. What this means is that they have sold silver they do not own. If people come to collect they have to dip into the open market to buy silver in order to make the delivery. The silver market back in 2011 was not even 1/10th the size of J.P. Morgan’s short position and naturally economics says that having to buy that much of a commodity in a market that cannot currently satisfy demand would drive the price up to new highs. Despite the efforts of “The Silver Liberation Army”, they failed to take down J.P. Morgan who has been fined for rigging energy markets and involved with the London whale who was a UK-based trader called Bruno Iksil who worked for JPMorgan. He was known as the London whale among hedge funds and other traders, due to his big, and as it turned out, ill-advised position in a credit derivatives index. They were also sued by Fannie Mae for fraud as well as currently being under investigation for bribery in China. Why is this company allowed to trade? I’ll tell you, because the elite want the large banks such as J.P. Morgan to continue to manipulate the price so they can buy up as much physical gold as they can possibly obtain. Remember, Pastor Williams said this in April 2013 “The elite are buying as much as possible themselves with the price down” and they have made sure it remains down.
It has been claimed that the large merchant banks have been trading on insider information with suspicious market movements prior to important financial and economic announcements by the Federal Reserve. The recent announcement that there would be no tapering of the quantitative easing came at a time when gold had been raising from its low in June 2013 low of $1,180.04 to a high of $1,434.05 in August. It was also claimed that just prior to the announcement that there would be no tapering of quantitative easing that the gold market was artificially corrected to stop it from reaching new heights of over $2,000 an ounce. This was based on the fact that the Federal Reserve is completely out of its depth and that it has no ability to reign in its massive $4 Trillion hedge fund market manipulation. Warren Buffett even told the truth “The Federal Reserve is the greatest hedge fund in history” and continued “the Fed’s eventual exit from its monthly bond-buying program will carry unforeseen risks” concluding with “we are in an experiment which hasn’t been tried before” adding that “buying securities is usually easier than selling securities”. If they want the price of stocks to move up, they go in and buy stocks and S&P futures. If they want the price of gold to go down they sell gold, naked futures in the gold market and work with banks on Wall Street selling futures contracts. The Federal Reserve moves prices where they want prices to go. Stanley Druckenmiller, a billionaire hedge fund manager said “The Federal Reserve isn’t just inflating markets, but its shifting a massive amount of wealth from the middle class and poor to the rich”. If gold were to reach an all-time high of $2,000, the world’s traders would really think that the Federal Reserve was out of control and start buying gold and we could easily see $10,000 gold and $500 silver.
What I am trying to say is that the gold, silver and other precious metals markets are being manipulated to keep the price low. Gold is languishing at around $1,300-$1,400 an ounce and it has been claimed by Max Keiser that this level is important. He says that if gold gets above that level, computers driven by the infinite supply of zero cost Federal Reserve money enter the market to suppress the price by dumping synthetic and counterfeit gold contracts into the market. Their thinking is that by suppressing the price it cools the demand for metal.
Pastor Williams told me a few months ago that “everything is selling off, commodities, copper, the global economy is weak”. The US government are selling everything, and picking the pocket of the American people in order to keep their Ponzi scheme afloat. He also said that “the elite wish to discourage the average person about gold because gold is the only true value of wealth” and that “the elite are buying gold as fast as possible” because it is important to understand that “gold will go back up as soon as the powers that be have purchased what they want.” He also said we should “watch the commodities and the derivatives market”. What I understand from my research regarding gold is that the price has been manipulated to be extremely low. The truth from what I can see is that the elite are selling paper gold ETF and then buying physical gold with the money they get from selling their paper ETF gold. What this means is that the elite are buying as much physical gold as possible themselves with the price down and discouraging people from owning gold by keeping the price low. There are currently 55 paper gold contracts to 1 physical gold contract. This means there are 55 paper ounces of gold to 1 ounce of physical gold. This is why Pastor Williams has been telling everyone to buy physical gold, silver and other precious metals. The value of physical gold has been suppressed its real value is much higher.
If you take Pastor Williams’ advice and buy physical gold and silver now, you will benefit from its artificially low cost. $1,300-$1,400 an ounce for gold is extremely low. It has been said for every one ounce of new gold extracted from the ground it costs $1,100 and gold nearly hit rock bottom in June 2013 and you could have bought it at virtually cost price. Certain Asian countries are taking advantage of this low price and even at $1,300-$1,400 are buying as much physical gold and silver as they possibly can because they are hedging against collapse by trying to back their currencies with gold and silver, and need to buy huge amounts of physical precious metals. China has said it needs to buy 7,000 more tons of gold to catch up with America. You really need to get it and as much as you can before January 1st 2014. Pick up the phone and call Regal Assets right now 1-888-748-6766 and buy as much gold as you can possibly afford.
When market manipulation in 2011 stopped gold from reaching an all-time high of $2,000 an ounce, it is possible gold could have been over $10,000 an ounce, and silver at $500 an ounce right now. Many market analysts say that this is still achievable based on the fact that the world’s central banks are trying to print their way out of financial collapse causing inflation of the cost of goods and services and gold is a hedge against inflation. Or rather, based on evidence presented by Pastor Williams in his new DVD “Elite Emergency Data” that the elite are going to keep printing as much debt, driving the US into more debt and into hyperinflation before they really collapse the economy of the world in 2015. Either way, buying every ounce of physical gold and silver you can get your hands on will benefit you greatly during and after the collapse.
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Please be aware, gold can never tank. Paper currency has no real value, only perceived value. Gold, silver, platinum, palladium and any other non-precious metals such as copper, iron and steel all have value because all can be used in the manufacture of goods and services. Paper unfortunately for those addicted to it cannot. Pastor Williams talks about real assets, ‘tangibles'. If you wish to think of gold as a product think of this – It is historically said that a 1 ounce gold coin has always bought a well-tailored suit in Savile Row in London since 1700 and it is one example of how gold has held its value over the centuries. Gold always holds its value regardless of if the price rises or falls. It is not and never has been a short term investment. BUT, it will protect your wealth.
When supply dries up, and from what has been said many vaults are quickly emptying the price of gold will rocket and for good reason – Gold is a reserve currency.
“By January 1st 2014 you need to get every piece of gold!” – Pastor Lindsey Williams
Please check out the other sections of the 10 Steps To Avoid The Crash article:
- INTRODUCTION: 10 steps to avoid the crash.
- PART 1: Buy every piece of gold you can lay your hands on.
- PART 2: You have to get out of debt.
- PART 3: Get out of paper.
- PART 4: Pay off your house mortgage.
- PART 5: Store food, water and firearms.
- PART 6: Get ready for the biggest buying opportunity of your lifetime.
- PART 7: Get out of the city.
- PART 8: Purchase everything you need.
- PART 9: Sort out your medicine cabinet.
- PART 10: Get your spiritual house in order.
- CONCLUSION: 10 steps to avoid the crash – conclusion.