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DRDGOLD Ltd. Message Board

  • jermarge2000 jermarge2000 Feb 28, 2004 11:37 PM Flag

    The Twilight Zone


    >>>>>There is only one oil state that counts! Only one! They have made it very clear how important gold is to them. If they had started buying outright, gold would have gone to $5,000+ in days. And only a very few million ozs. would have been purchased! The message has been for some years, "we will accumulate thru the back door, using paper deals if you keep the price at or below the cost of production". Do this and oil will remain THE driving force of the world economy!


    You see, gold is not a commodity. The CBs have used every weapon to keep it's price low . Understand me, Gold is now, today, a devalued currency being used in world trade!

    Do you think the CBs are selling gold to keep the dollar strong? They don't have to sell to accomplish that feat! CB gold ( one billion ozs.? ) valued at it's current commodity price is only worth 300 billion, it's nothing in that price range! They know what it's US$ price is worth in terms of oil! They are not stupid as they show.

    You should not think they are dumb! Invest in gold mines, will you? Notice how quick the Australian CB hinted at taking "gold in the ground" if needed. This was said after their sale! The nature of the coming crisis will make the taking of investor property a piece of cake. You see, because gold is a commodity, you will be compensated at the commodity price of return + a fair profit, of course.

    How much further can they take this? The world private stockpiles that could be sold have been. The CBs are heavy into their own stuff now and are over their heads if they had to make good on all the private deals ( read my other posts ) . The economic game is ending now and has been from the start of 1997! Watch closely as the world currencies and markets fall one by one. Watch in absolute wonder as the demand for oil plunges and it's price goes thru the roof. Yes, oil stocks will crash with the markets. And gold? You will never know it's price. It will stop all trading as it slices thru $10,000+.

    Who am I? As I will not be around for long so I am noone. But, follow with me as all of this takes place in your time!<<<<<<

    Figured I better post this in case someone was trying to locate the whereabouts of the DROOY board!


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    • Vision of the Prophet

      Isaiah chapter 60

      Arise, shine; for your light has come, and the glory of the Lord has risen upon you:

      For, behold, the darkness shall cover the earth, and thick darkness the people; but the Lord shall arise upon you, and his glory shall be seen upon you:

      And the nations shall come to your light, and kings to the brightness of your rising:

      Lift up your eyes around, and see; all they gather themselves together, they come to you; your sons shall come from far, and your daughters shall be nursed at your side:

      Then you shall see, and be filled with light, and your heart shall fear, and be enlarged; because the abundance of the sea shall be turned to you, the wealth of the nations shall come to you:

      The multitude of camels shall cover you, the dromedaries of Midian and Ephah; all those from Sheba shall come; they shall bring gold and incense; and they shall proclaim the praises of the Lord:

      All the flocks of Kedar shall be gathered together to you, the rams of Nebaioth shall minister to you; they shall come up with acceptance on my altar, and I will glorify the house of my glory:

      Who are these that fly like a cloud, and like doves to their windows:

      Surely the islands shall wait for me, and the ships of Tarshish first, to bring your sons from far, their silver and their gold with them, to the name of the Lord your God, and to the Holy One of Israel, because he has glorified you:

      And the sons of strangers shall build up your walls, and their kings shall minister to you; for in my anger I struck you, but in my favor have I had mercy on you:

      Therefore your gates shall be open continually; they shall not be closed day or night; that men may bring to you the wealth of the nations, with their kings led in procession:

      For the nation and kingdom that will not serve you shall perish; yes, those nations shall be completely destroyed:

      The glory of Lebanon shall come to you, the cypress, the maple, and the box tree, together, to beautify the place of my sanctuary; and I will make the place of my feet glorious:

      The sons also of those who afflicted you shall come bending to you; and all those who despised you shall bow themselves down at the soles of your feet; and they shall call you, The city of the Lord, The Zion of the Holy One of Israel:

      Because you have been forsaken and hated, so that no man went through you, I will make you an eternal excellency, a joy of many generations:

      You shall also suck the milk of the nations, and shall suck the breast of kings; and you shall know that I the Lord shall save you, and the mighty One of Jacob shall redeem you:

      For bronze I will bring gold, and for iron I will bring silver, and for wood bronze, and for stones iron; I will also make your officers peace, and your task masters, righteousness:

      Violence shall no more be heard in your land, wasting nor destruction within your borders; but you shall call your walls Salvation, and your gates Praise:

      The sun shall be no more your light by day; nor for brightness shall the moon give light to you; but the Lord shall be to you an everlasting light, and your God your glory:

      Your sun shall no more go down; nor shall your moon withdraw itself; for the Lord shall be your everlasting light, and the days of your mourning shall be ended:

      Your people also shall be all righteous; they shall inherit the land forever, the branch of my planting, the work of my hands, that I may be glorified:

      The least one shall become a thousand, and a smallest one a strong nation; I the Lord will hasten it in its time:

    • It seems apparent that this guy is some kind of insider who is privvy to the Saudi thought process. His style of writing reminds me of the way a mid-easterner would speak english.

      The general drift would appear to be that the official (visable)gold market, at least at the time he wrote this, is pegged to the $300 range, while an unofficial oil for gold trade exists at far higher dollar prices.

      He appears to be saying that gold is traded for oil at a value approaching $10,000/oz in some cases.

      It has always remained a mystery to me how Saudi Arabia has managed to accomplish nothing of visable effect with their billions in oil money. It now appears that they are biding their time while accumulating gold, in anticipation of an horrendous gold price at some point after the fiat markets have imploded.

      I have occasionally wondered if the gold bugs protesting the gold manipulation, would assist in ending life as we know it.

      Bugs are apparently in league with the Saudis in terms of their perceptions of gold. Strange bedfellows huh?

    • >>>>>>>If you had oil in the ground, that over time could be worth over one trillion US$, would you buy gold for all to see? No. If you had this much wealth, would you want others to see you as getting "rich" from oil sales? No. How could you hold and build your massive wealth over many years, but still have everyone view this people as "in debt and just making it"?

      The answer comes from the distant past. Take in gold as the CBs force it to fall against all other forms of value.

      But, how can 100million + ozs of gold be equal to all the oil in Arabia? It all depends on how it's valued, simple yes?

      If a CB says gold is $300oz, we say he is nuts! But, if $300 or $250 gold buy $19 oil, perhaps the CB is smart! It is far better if $19/oil buys $300 gold than $100/oil buy $5,000 gold!

      What if the oil states offered to buy gold with oil, OUTRIGHT? No currencies involved. " We will produce flat out, all the oil you want. And, we offer this oil as payment, per barrel, to buy ( say? ) 25US dollars or gold priced by us, at ( say? ) $10,000oz.!"

      The answer is very simple, the world would sell them gold for oil. I tell you now, this almost happened!

      You think long and hard on this as the outcome would have been far different from what all think.

      Instead, the BIS set up a plan where gold would be slowly brought down to production price. To do this required some oil states to take the long side of much leased/forward gold deals even as they "bid for physical under a falling market". Using a small amount of in ground oil as backing they could hold huge positions without being visible. For a long time they were the only ones holding much of this paper. Then, the Asians began to compete on the physical side.

      How will this all end? As the CBs never sold much of their gold, they are still locked to the deals thru the BIS. In the real world it was stocks of gold outside the governments that got traded. And that trading multiplied many times. Today, more gold is traded than exists! This paper today, has become the "gold pricing standard" without backing. There is no way out! As we have now reached production cost, we have reached, "THE END"! Without real physical to supply the oil states, they WILL bid for gold with oil! The BIS will do the only thing they can, halt all trading and declare gold a "world oil currency"! To that end, all forms of paper gold will burn. How long till this starts? I understand that the CBs are slowly winding down lending, then sales. This will, no doubt start a paper panic at some time. It could take weeks or a year, I do not know.

      As for the old agreement of oil/gold ratio, it went out the window after the gulf war.<<<<<<

    • What good would it be to gain all the riches of the world, only to lose the kingdom of heaven?

    • >>>>>>The US$ is today, backed by oil. As all other currencies are but "digital units" tied directly to the dollar, they are indirectly on the oil standard also. This world currency position is supported thru the BIS. In CB circles, it is well known that the world debt markets as we know them, can only be maintained with cheap and cheaper oil! Without cheap oil the entire system fails and reverts back to pay as you go economies. This is the central reason for "two price gold".

      With gold discounted to it's production cost and below, those that have it can trade it for it's monetary value. Make no mistake, the BIS knows gold in the many thousands. The future "reset value" of gold is the key. "support the dollar with oil and the currency system works" "fail the currencies and the dollar will come off the oil standard and the BIS will reset gold to $10,000+ with many conditions"

      That is why they continue to accept the dollar as a reserve. If Japan or any other COUNTRY sells US treasury debt it's all over!<<<<<<

      >>>>>>It is as you say. However, I do not feel that the reprise of gold to lower the cost of oil was a bad thing. In reality the governments were only using real money, gold, to supplement our cost of oil. The world economy has a great benefit from this! We all have gained. The world mining industry gained much from the forward sales. The great increase in gold produced was used for our purpose. For a time the mines made profits. The great mistake by the BIS was in underestimating the Asians. Some big traders said they would buy it all below $365+/- and they did. That's what forced LBMA to go on a spree of paper selling! Now, it's a mess.

      At some point the fire in Asia will drive all of them into gold. It will end at that time.

      ALL: I do not offer to prove my thoughts. If what is written was easy for all to find, the information would be of no use to you. Many will take no motions to change their ways and protect worth. Such is life.

      Each will chose his way and as always the future will teach the truth.<<<<<<

    • I must confess that these posts are somewhat of a riddle for me; if you fully understand what the author says, are you able to break it down in a summary of a few sentences?

    • >>>>>Many look to the middle east and say "they control the oil market no more". I say "you see not what is in front of your eyes"! They do not have to keep oil up in price to control it. One can gain more wealth by keeping oil down than by driving it up, much more! And what is the value of this type of manipulation?

      it is measured in gold! Tell me now, what gain is there to destroy the world economy with high cost oil when they will provide you gold instead?

      But what value gold? All say "it is only a commodity subject to supply and demand"! Understand me, Demand and supply is written by BIS and $15 oil can cost $250 gold or $10,000 gold, whatever is required! $250 gold and LBMA will live! $10,000 gold and LBMA is sacrificed!

      But, it will never come to this. The oil "understanding" was broken by the Asians. More gold has been sold than can ever be covered! This market is not the same as the past. One day gold will start up and BIS will deal with it the only way possible!<<<<<

      >>>>>>Many wait for the next great bull market in gold to begin before they buy. Why buy now and lose interest or stock market gains? They will miss the greatest investment ever to come in ones lifetime! The powers of this world have already begun this motion. People of simple thought have but to buy physical gold and make low as the financial wars begin! You see, gold was cornered this year. It is done. No Central Bank will sell it's 50, 100, 200 million ozs gold when 600 million is needed! I ask you, how can currency price gold? Indeed, no price will work! You think any form of "paper gold" will stand this fire? Can we do battle with lions? When oil will not take currency without gold the havenots will not sit still!

      "When a thousand hungry lions fight over one scrap of food, small dogs should hide with whats in their belly".<<<<<<

      >>>>>>In this age of "digital currencies" it is impossible to see how fast the thoughts of people are shown as actions! Many will wait for markets to do what they have done in the past, "looking backward to see forward". Be known that most of the actions by the ultra large players is complete. When the change in direction of gold starts, it will be hyper fast! A good many will run to the US$ first, making that currency rise with gold and misleading much people. Before Christmas? I do not know.

      The Pacific Rim has begun a process that will not end. Much paper value will burn before this fire is done!

      Many gold stocks will rise with gold and most people will hold for gains. But they will never see then converted to value. If the gold markets lock before they reach $1,000 , all mining stocks will be consumed in the paper fire. A sad day for many.<<<<<<

      >>>>>>The world has changed and the gold market has changed with it. We are going back in time much further than many will accept. A time when men, such as I, will take what is yours! If you hold your value in a public way, it will be taxed or taken for the good of all. Such are the ways of extream times! <<<<<<

    • >>>>>The Central Banks have known for quite some time the true value of gold in today's paper world. In a very real sense they are on our side. Let's take their side if you will. They are not dumb or stupid, in fact many of them are the best of the best! You see, the world grew up and ran away from them, totally out of control. It has left in it's wake a money system of colossal debt and political mismanagement. They know it is over.

      We are all at a giant poker table and the CBs act as the dealer. One day soon the game will end and the players will try to cash in the chips. In that day the dealer will act in our own best interest. They will not pay out gold for the chips. The money system will start over, from scratch.

      It is easy to know that gold could not have been traded for all oil sold. This was never the intent. They only wanted to pull a small amount out of circulation on a regular basis. Using a small amount of oil as a partial trading vehicle gold could be purchased in an all paper deal to hide it's price. As I said before, if they walked up to the plate and started buying outright it would run the price. It is working. They only need 200 million ozs. When the system breaks that gold would be worth all the oil in Arabia and then some.

      The Asians are the problem, by buying up bullion worldwide and thru South Africa they created a default situation on all the paper for the oil / gold trade! Now the CBs are selling in the open to calm nerves but it's known that they will never sell enough. It was never their intent to provide the gold, only the backing until new mining technology could increase production. Over time the forward sales, such as ABX's should have worked. But LBMA went nuts with the game and the whole mess has now accelerated.<<<<<<

      • 1 Reply to jermarge2000
      • >>>>>>Do you think that value has been lost by holding physical gold all these years?

        If the answer is yes, you are wrong! I tell you now, it's all in your perception of what is value and what is real. Gold has been increasing in value since the early 90s and doing it at a rate much higher than any other investment. Cannot see this? Hear me now, what the wealthy and powerful know: "real value does not have to always be stated or converted thruout time. It need only be priced once during the experience of life, that will be much more than enough!" Worldwide the oil business is still conducted in dollars. But, an interesting side show is now taking place that will change the way we think about gold and oil! If you wanted to devalue the US$ against other currencies what would be the best way to do it without LOWERING interest rates in the USA? Perhaps you want to cool off an over active stock market without raising rates ? Could a smart CB Chairman kill two birds with one stone ?

        The US$ could be effectively lowered against most of the leading currencies by slowly taking it off the oil standard! This could be done by introducing a new concept to the world: "create a mechanism whereby a form of CB paper gold could be traded for oil as a side premium. So, instead of them taking physical gold off the market at it's now MAINTAINED commodity price, let them take "gray paper CB gold" priced at it's true value in US$ for oil." You see, this could solve the "problem of supply" that is also the problem for LBMA! We now have a "parallel market" with gold trading at it's commodity value on the physical market while being held for it's oil value by major players.

        You don't think this is true? Think now, as the answer becomes clear:

        Who is on the other side of the long gold deals that contango the metal far above it's current commodity price while freezing out most small private buyers? Why is gold being slowly transformed into a new kind of hybrid asset, off traded an for oil value of many thousands of dollars per oz.?<<<<<<