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The Great Gold Redemption

Vladilyich Wrote: May 03, 2013 11:39 AM
Excellent observation -- "Gold and silver do not increase in value, dollars decrease in value. " One of the main problems is that gold (as bullion or coins) have disappeared. Swiss banks are refusing to return the metal which had been deposited in their banks, paying off depositors in Euros instead. A dozen countries that had deposited their gold with the United States, are now demanding their gold back...the U.S. is stalling. The gold deposits no longer exist, but have been scooped up by banksters and the powerful elite. Fort Knox is empty and the gold that had been stored there was spirited away years ago.
Curtis108 Wrote: May 03, 2013 8:08 PM
By definition, the price of a commodity that is never consumed and has an increasing supply must decrease.
ideaminer Wrote: May 03, 2013 4:48 PM
Which coutries besides Germany have requested the return of their gold stored here?

I've heard that Fort Knox is empty and that that much/most/all of the gold stored in US has been stolen or used as collateral for US borrowing. Is there any way to verify any of this?
The most puzzling part of the investment business is seeing how the vast and largely economically illiterate masses interpret any given piece of news. Take the recent gold selloff: many large players were motivated to sell by news that Cyprus will have to liquidate its gold stockpiles to pay off acute debt obligations. But just a moment's reflection shows this reaction to be knee-jerk.

The real story behind Cyprus' deal has much more profound ramifications - and they are positive for gold.

The Right Lens