Category: Gold

Gold Repatriation in Europe

European nations are moving their gold back home at an increasing rate. This article from Peter Schiff’s website makes some interesting observations about this trend.

Two interesting implications:

  • There has been much speculation that the New York Fed doesn’t actually have the gold in their vault—that it has been lent out, sold, or otherwise dispose of. If it is true, as this article claims, that the Fed denied Germany’s request for a physical audit, then this does raise questions.
  • From a spiritual perspective, physical gold is a focus of spiritual light and power. The movement of these quantities of gold around the world does represent a shift of global energy. In addition to the gold moving across the Atlantic, gold is also accumulating in the East.

See below for the link to the article.

Germany ramped up its gold repatriation project last year, joining other European nations bringing gold home. The trend underscores the importance of holding physical gold within easy access. Germany’s Bundesbank transferred more than 210 tons of gold back into the […]

Source: Europe Continued Gold Repatriation at Faster Rate in 2015 – Peter Schiff’s Gold News

Von Mises on the gold standard

Ludwig von Mises wrote about the gold standard in 1949 in chapter 17 of his landmark book Human Action: A Treatise on Economics.

The struggle against gold, which is one of the main concerns of all contemporary governments, must not be looked upon as an isolated phenomenon. It is but one item in the gigantic process of destruction that is the mark of our time. People fight the gold standard because they want to substitute national autarky for free trade, war for peace, totalitarian government omnipotence for liberty.

More by von Mises on the gold standard: The Gold Standard | Mises Daily

Alan Greenspan on “Gold and Economic Freedom”

In 1966, long before he became chairman of the U.S. Federal Reserve, Alan Greenspan wrote an article titled “Gold and Economic Freedom.” Here are a couple of excerpts:

An almost hysterical antagonism toward the gold standard is one issue which unites statists of all persuasions. They seem to sense — perhaps more clearly and subtly than many consistent defenders of laissez-faire — that gold and economic freedom are inseparable, that the gold standard is an instrument of laissez-faire and that each implies and requires the other….

In the absence of the gold standard, there is no way to protect savings from confiscation through inflation. There is no safe store of value. If there were, the government would have to make its holding illegal, as was done in the case of gold. If everyone decided, for example, to convert all his bank deposits to silver or copper or any other good, and thereafter declined to accept checks as payment for goods, bank deposits would lose their purchasing power and government-created bank credit would be worthless as a claim on goods. The financial policy of the welfare state requires that there be no way for the owners of wealth to protect themselves.

This is the shabby secret of the welfare statists’ tirades against gold. Deficit spending is simply a scheme for the confiscation of wealth. Gold stands in the way of this insidious process. It stands as a protector of property rights. If one grasps this, one has no difficulty in understanding the statists’ antagonism toward the gold standard.

Greenspan also includes an analysis of the causes of the Great Depression. Mainstream economists blame the gold standard, but Greenspan demonstrates that it was actually by attempts of the Federal Reserve to manipulate the economy (as Ben Bernanke admitted in 2002).

Here is the whole article: Gold and Economic Freedom – Alan Greenspan

The dangers of fiat currencies

Here is an opinion piece from the Sydney Morning Herald proposing new look at gold standard. The article is entitled “It may be struggling now, but you can be certain the greenback will be the last to go.” The author, a professional money manager, points out the inherent dangers of fiat currencies.

Predictions of the imminent collapse of the US dollar are unfounded, writes Michael Trifunovic.

Source: It may be struggling now, but you can be certain the greenback will be the last to go

The Gold Standard

In 1977 the ascended master known as the God of Gold said: “Though it seems that the fallen ones are bent on the destruction of civilization through government, in fact it is a reality today that they are in the process of destroying civilization through economics and through the manipulation of gold.” This why I created Saint Germain’s Operation Victory—to by the grace of God give the masters and the angels our heart, head and hands and our dynamic decrees to defeat the manipulation of the fallen ones that if unchallenged and unchecked will surely affect our nation and our children’s children for generations to come. Here is a little history.

On April 5, 1933, Franklin D. Roosevelt signed Executive Order 6012, which made it illegal for U.S. citizens to own more than a small amount of gold coin or bullion. However the U.S. dollar continued to be nominally backed by gold until 1971, when President Nixon announced that dollars would no longer be converted to gold at a fixed rate, thus formally ending any tie between the dollar and gold. In 1974 the private ownership of gold coin and bullion was made legal, and in 1981 the U.S. Congress created a commission to study the issue of a gold standard. The commission’s report, issued in March 1982, recommended that the U.S. Treasury begin to mint gold coins once more. On December 17, 1985, President Reagan signed the Gold Bullion Act, which required the US Treasury to mint and sell gold coins that have limited legal tender status. This was an important first step in facilitating the ownership of gold by U.S. citizens, but other more significant steps must be taken before gold circulates as legal tender in the U.S. economy.

Our work is clear. As the God of Gold said on September 3, 1984:

“You must increase the fervor and the call of your hearts and the realization that you are indeed alchemists of Saint Germain and you can change not only the base metals into gold but paper itself into gold.

“It is the divine exchange, as simple as my handing to you now from the etheric octave a single golden coin, inscribed with the eagle of Sirius. Take it to your hand and put it in your pocket. It is real, and it is practically physical.

“Now, beloved ones, take from your pocket and put into my hand that paper money and you will see how I will put it in the very heart of God and I will return to you many times over that which you lay upon this altar, for I want you to give me a physical, tangible manifestation that I may use for the alchemy of this nation. And you have indeed received, and you will see how it does come into manifestation in your life in many ways–a focus from my heart, a real and living coin of the eagle of Sirius for the focus of God-government and the God-economy.” [Pearls of Wisdom, Vol. 52 No. 7 April 1, 2009]

In this post we bring two articles about gold. The first is a report on Goldman Sachs by Robert Scheer, “Government Sachs” Strikes Gold … Again. The second is A Short History of the Gold Cartel, by James Turk. They give some good background on the place of gold in the current economic crisis, and we present them for your prayerful consideration and for your calls. As always, to the best of our knowledge we believe that the information presented is accurate but we cannot vouch for the comments of individuals.