muses of the moment

April 23, 2013

Latest excuse as to why you can’t have your gold….

Filed under: Gold and Silver Investing, Precious metals — totallygroovygirlfriday @ 6:28 pm

terrorism and money-laundering

Yes, here is Jim Sinclair’s account of a friend who tried to get his physical gold from his allocated account. There was no long waiting period like last time the physical and cash markets diverged, he just couldn’t have it! Could only get cash settlement.

Maybe he can get half now? That should make everyone feel better.

Click here.

Sinclair:  “A person that I know with significant deposits in one of the primary Swiss banks, in allocated gold, wanted to take out his gold and was just refused on the basis of directives from the central bank….

“They told him the amount was in excess of 200,000 Swiss francs and the central bank had instructed them not to do it because it has to do with anti-terrorism and anti-money laundering precautions. 

Uhh, yeah.

Side musing: gg could see this excuse used in the future for moving cash out of a  country.

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16 Comments »

  1. You are totally groovy
    and I´m feeling so snoozy;
    Before the hammer hits,
    And I´m slaughtered to bits,
    Should I take possesion or run from recessioin?

    Comment by Guy de Simon — April 23, 2013 @ 6:48 pm

  2. Guy,

    You are so cute!!

    You should always have some physical gold on hand. And never have your physical gold with a bullion bank, with a TBTF bank or in a bank vault. If you have alot, allot the rest with at least 3 private storage vaults in various locations around the globe.

    Keep in mind there is nothing wrong with taking a cash option, if you need/want cash. But right now, it is limited delivery on physical gold, later it could be no cash for even a cash settlement. That’s when having the actual gold comes in handy.

    gg

    Comment by totallygroovygirlfriday — April 23, 2013 @ 7:07 pm

  3. You sound like my US sister,
    but then we´re just like cousins,
    They´re certainly not rich,
    But I need a pitch,
    “What makes you so different and wiser?

    Dear Groovy girl,
    I´m just into making up limmericks.
    Very worried about having my son´s allocated gold in a goldcore allocated a/c. It´s in their namr.- The grip they have is on resale. Welcome advicel
    Your friend, Guy

    Comment by Guy de Simon — April 23, 2013 @ 8:02 pm

  4. Totally Groovy girl,

    In my very, very, very humble opinion it appears that our monetaRY system is going to be digitalized which means no constraints on either money printing (Q.E.infinity) or serfdom (wages and no capital). Will gold be necessary? Not for the system but for Temple:.It´s quite frightening really. I think we´re f****d as they have the pòwer ! Are we seeing what we want beieving? The night is young; we´ll see

    Can you explain how I can use wordpress for my site as you have GG ?
    I too want to serve, surely I can !
    Yours,
    Mr Anxious,
    Goldbetter

    Comment by Guy de Simon — April 23, 2013 @ 9:00 pm

  5. I just read Martin’s latest which, in my opinion, is a nameless war against Jim Sinclair.

    Martin is brilliant, there’s no denying that. Although, his latest post claiming that the paper gold market has no impact on the price of physical is ludicrous. Various, highly intelligent and reputable, people have been outspoken and shared proof that there was no possible way for such a large quantity of physical bullion to be traded to suppress the price in the amount it was suppressed. For Martin to lay claim to the belief that those who believe in a paper-gold-market-conspiracy will lose, well, that knocks Martin’s credibility down a few notches.

    I guess my scattered thoughts are trying to say that nobody has any idea as to what is really going on anymore. The system is so entirely rigged that even those who have played this game for 40+ years are now clueless as the rules have been changed and the new card which explains how to play has been encoded to Orwellian speak.

    Live your life. This life is a game. Love the ones you’re with and get a dog. Give the dog the most amazing life he/she could possibly have. The smile, the tail wagging….it makes this corrupt game somewhat worth it.

    Comment by soleirolia — April 24, 2013 @ 1:38 am

  6. Yes, I was surprised at Martin’s comments too. Martin stated that markets can not be rigged because there is a buyer on the other end of the trade. But gg’s take away from his gold market post is that even if markets are “rigged”, they have to have a buyer/seller on the other end. Someone is selling their gold whether physical, cash position, or futures contract. So, on that point he is correct.

    Having said that, there are alot of things that in gg’s definition are “rigged” in today’s trading markets that Martin did not bring up. For instance, insider trading, trading platform’s alogs and the traders that use and manipulate them to their advantage. If you know the software program of a major gold trading house, you can reasonably determine what might cause an automatic sell or buy. This is a machine vs. machine trading market. In addition, gold is a small market and rumors or a large sell order has more of an impact than in the US stock market . That’s where twitter comes in 🙂

    So, are gg’s points proof of a rigged market or just a different way of markets working in this computer, internet driven world? What Jesse did in the markets, was a personal decision and a “feel for the market” by listening to the ticker. Today we have computers making nano-second trades with other computers, with very little human decision-making. Those are two very different ways of trading the market. They used to accuse Jesse of “manipulating” the markets.

    This is a different way of trading that you must be aware of.

    Having said all that, I don’t see any reason why gold can’t jump up again, and probably down again. We are in a long- term bull market in gold/silver.

    Groovygirl is a little concerned that both Martin and Sinclair can look at a long term gold chart from 2000 to the present and make some of the statements they do. Most of the time, they should preface their gold market statements with short term or long term. That might clear up some miscommunication in this 140 character world.

    GG is far from worried. She has her eye on that long-term chart. She is not a trader and doesn’t need cash/cash flow from gold/silver right now. She also doesn’t have all her savings just in gold and silver.

    gg

    Comment by totallygroovygirlfriday — April 24, 2013 @ 12:03 pm

  7. Guy,

    Look at your entire family’s holdings in physical gold and spread them out over several different places if possible.

    gg

    Comment by totallygroovygirlfriday — April 24, 2013 @ 12:04 pm

  8. Guy,

    I think gold reserves will be used as “confidence” in a nation’s ability to pay its debt or if debt is converted to a new currency system (i.e. digital), calculated into the formula of that currency. Whether its price will fluctuate or not in a separate market is another question.

    If gold was not a store of value or had value, Cyprus would not be selling their nation’s gold.

    What are you wanting to do on WordPress?

    Groovygirl is no expert at all on blogging.

    Groovygirl started this blog because her friends and family were sick of her talking about Winter Cycles, Martin Armstrong’s Economic Cycle, Jim Sinclair, John Williams, Alf Fields, and gold/silver in 2004-2006. No one would talk to her anymore. She was all doom and gloom, although that wasn’t the point. She was trying to prevent her friends from experiencing doom and gloom. So she starting writing for whomever cared to read.

    That’s about it. Be passionate about what you are writing. Just research and write.

    gg

    Comment by totallygroovygirlfriday — April 24, 2013 @ 12:24 pm

  9. How can anyone say that the markets are not “rigged” when some of the players (the Fed and their member banks) have an infinite pool of cash to draw from and the house rules don’t seem to apply to them? It’s worse than a casino. At least a casino has the decency to put you up in a good room and buy you drinks.

    Madness and yet we still play along.

    “All animals are equal but some animals are more equal than others.” – Animal Farm

    Comment by sw — April 24, 2013 @ 2:04 pm

  10. GG,

    You’re one of the most amazing bloggers on the web! Thank goodness you chose to do so!

    Comment by soleirolia — April 24, 2013 @ 2:32 pm

  11. Thanks for your reply GG. If the system is digitalized there would be no necessity for cash and no black market. Gold accounting between national countries and blocks would perhaps continue via the Bank of International Settlements as it is now, but would it be necessary if a global currency was instituted. The talmud has all the gold being given to the 3rd temple which is ready to be rebuilt.
    I wanted to use wordpress for our Happening page on our site to share my findings along my path, religion, politics , economics and art. I thought with wordpress I wouldn´t need to depend upon my wife to update my site which is why it´s never updated. But when I went to wordpress I had no success. Is there a dummies manual out there?
    I know the feeling of being considered a gloom and doom merchant. No one listens and one needs to communicate and be heard. We cannot live in a vacuum. It´s very frustrating. I´m glad you found your outlet and I always read your emails. They save me a lot of time researching!
    With best wishes,
    Guy

    Comment by Guy de Simon — April 25, 2013 @ 3:41 pm

  12. Is it possible to have one´s own www site and incorporate/ add wordpress to it or only by having a link from the site to one´s wordpress address?
    Guy

    Comment by Guy de Simon — April 25, 2013 @ 3:49 pm

  13. Guy,

    I think so, but that is beyond my knowledge base. There is a “WordPress for Dummies” book, The “for dummies” series. I got it and read it in the beginning. But someone borrowed it and I never saw it again.

    A wordpress site is just like any website. But in answer to your question, I would start by asking your web hosting company that question.

    I do know that wordpress will issue you a domain name for your blog (for a fee), so it must be possible to at least link them someway.

    gg

    Comment by totallygroovygirlfriday — April 25, 2013 @ 5:06 pm

  14. Thanks GG.
    On BBC radio 4 today it said that the UK is going to lift the ban on GM fed poultry following the European Community which already had. There are also measures being taken to have pesticides banned to protect bees populations which have dwindled as a result. And Monsanto is to be protected from any resulting claims. It would come as no surprise to you to learn, if you don´t already know , that Bill Gates or his foundation bought a staggering amount of Monsanto shares just a few days ago ; I think I recall 500 million shares. Everything is rigged and governments are shells. If you haven´t read Naomi Klein´s The Shock Doctrine I cannot recommend it too highly.
    Guy

    Comment by Guy de Simon — April 26, 2013 @ 7:28 pm

  15. Guy,

    Oh yes, groovygirl follows those issues very closely. Well aware of the breakdown in European protections against dangerous food. It’s a shame, Europe got it right, but now, giving it up.

    gg

    Comment by totallygroovygirlfriday — April 26, 2013 @ 9:49 pm


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