The Gold Standard Bogus Show – “Gold Standard BS”

[Farp]

It seems the whole world is beginning to accept the likelihood of a global financial apocalypse. As each day passes, the expectation is becoming more real; and with the realization, there is increasing talk of a Gold Standard.

THE NEW GOLD STANDARD PONZI SCHEME
Will there be a return to the Gold Standard? I believe there will be, but it will be nothing like the Old Gold Standard. Rather, it will likely be a new version that will, in the end, prove to be nothing more than another Ponzi scheme by corrupt government “leaders” to do their best to steal the public’s wealth.

HOW DO I KNOW?
I don’t, but I do know this—the public is being lied to through government reporting now. It has been shown there are false or hidden numbers being provided for the following:
- Inflation
- CPI
- Jobs and unemployment
- Money supply
- Debt
- Bailout dollars’ destinations
- Etc., etc., etc.

And don’t forget, the government is allowing Ponzi schemes in gold to run unabated now, with ETF’s. Those “in the know” report there is not enough gold to cover the positions purchased by investors. One whistle blower states the ratio of real metals to the "reported physical supply" is 1:100. No one outside of a small circle of elites is allowed to view actual inventories—report confirmed.

Many have stated there is no gold in Fort Knox, or any other depository. Again, no one outside of a small circle is able to see the gold the government claims is being held—reports conformed.

Meanwhile, the public-at-large has become dumbed down to holding a piece of paper representing such and such amount of gold in an ETF as acceptable. And, it is being reported that those brave souls who stand for delivery have become accustomed to accepting cash in lieu of physical gold in settlement.

THE PONZI SCHEME CONTINUES FOR A TIME
So when the government acquiesces to the call for a Gold Standard, the Ponzi scheme will continue with people blindly accepting a piece of paper in place of genuine gold as being proof there is an actual inventory in a repository somewhere. All government assurances will be given—but no one from outside the small circle of elites will be allowed to see the tangible inventory.

Yes, there will be a few more brave souls who will want their gold-backed fiat converted to the real thing; but most, swearing not to reveal their outcome, will accept more cash, as is happening with ETF conversions now. A few may even get physical gold, while what little is truly in hand will be rationed to keep the blinders on a trusting, already blind public.

This will continue for a time. It will stave off a final collapse for a time. But until it does, the New Gold Standard will be just another Ponzi scheme to obscure the continuing transfer of wealth from an ignorant public to those in the small circle of elites. If you think metal prices are volatile now—“You ain’t seen nothing yet.”

Yes, I expect we’ll return to the Gold Standard, but while they can get away with it, it will be the “Gold Standard Bogus Show—“Gold Standard BS” for short. How long will it last? My best guess is it will last somewhere around a time, times, and half a time.

[Lugnutzpop]

I can certainly see what you're saying playing out.

I remember a couple months back, someone here on GIM2 posted an article from Steve Forbes. In the article, he stated he was positive we were headed back to a Gold Standard, just nothing like we've ever seen before.

I guess in the meantime, keep stackin'

-L

[curmudgeonista]

If you can't beat 'em, join 'em. Maybe GIM members will be able to pool PM resources and start our own bank. Forget GIM2 silver rounds, someone start designing Gold Certificates.

How does the Depositor Union Monetary Bank sound? (that's DUMB, for short, LOL)

Keep stackin'.

[ToBeSelfEvident]

Currently, paper currency can be exchanged for physical gold. That's enough of a gold standard for me. Paper for everyday expenses and savings in gold.

[Ragnarok]

The only gold "standard" that will/can work is one where PHYSICAL ONLY gold is marked-to-market in any and all currencies, and not/never restricted, taxed or regulated in any way whatsoever.

Only in this way can gold fully and completely assume it's intended role as a wealth without peer, an unassailable reference that cannot be infuenced or changed. Giving gold the status of the meter and gram - forever.

Anything less IS BS IMNSHO.

http://www.neuralnetwriter.cylo42.com/node/3846

(and a hat tip to FOFOA) http://fofoa.blogspot.com/2011/10/rpg-update-4.html

R.

[bern]

... Rather, it will likely be a new version that will, in the end, prove to be nothing more than another Ponzi scheme by corrupt government “leaders” to do their best to steal the public’s wealth. ...

The World Bank, G20, IMF, etc. have all been beating drums for a few years now about instituting a one world basket currency using the SDR as a basis that would be centrally managed in part by using gold as a measuring stick. It remains to be seen if China and Russia will accept that or not. It looks to me like they are angling for a return to their own sovereign currencies backed by gold.

[Hope+Change]

Meanwhile, the public-at-large has become dumbed down to holding a piece of paper representing such and such amount of gold in an ETF as acceptable.

"The bankers have brought the global paper based financial system to its knees through massive outright fraud! Quick, buy some paper based banker investments - backed by GOLD, of course! I can't be bothered to buy the real thing, because,you know, you have to store it and stuff."