Hong Kong recalls gold reserves, touts high-security vault

[ukusapillage]

u cant eat gold or buy things they need money to make more money to buy more gold to sell but they have their mreserves dont worryin the world stage i have tyo say the only ones who are playuing all the cards well and protecting their ppl is china, west is too corrupt and serves th banks and boundholders the gov lie to us trick us into poverty and slavery they are all dirty as shit, by the way thank the rotschilds

[elektrikcity]

@ukusapillage Sure you can eat gold, it's what the rich eat as dessert, gold powdered chocolate truffles, etc. You can exchange gold for other viable currencies like silver, yuan, or frozen concentrated orange juice. It's all parity.

[FantomShadowz]

The best investment right now is farmland. The oil bubble has created a population bubble-expect prices for commodities to skyrocket for the next two decades(especially in Asia)

[emmy1cat]

@FantomShadowz Farmland is an excellent idea. Good land is running around $2500-3500 per acre. Cheap enough for everyone.

[tallorder9]

My people are telling me that there is a massive silver mine near the Great Wall of China. Thirty billion ounces, a hundred eighty seven mile deposit. Enough silver for twenty seven years.

E

[freeheretic111]

@tallorder9 Who are your people?

[tallorder9]

@freeheretic111 The Sound Profits Blog.

[freeheretic111]

@tallorder9 Thank you for your response. I did some digging (no pun) and yes caution is advised as like so much with gold and silver over 'new' finds it is most assuredly way over hyped. There might be good investment opportunities with the mining firm yet no where near the myth.

[tallorder9]

@tallorder9 The Sound Profits Blog. This information is not well known.The Great Wall of Silver. Caution is advisable.

[seamaverick1]

central banks are paying selected pawn shops to collect gold and silver off the people on the street they are running big ads on local papers and offering close to market price for their gold the pawn shops wouldn't be able to buy all that precious metal at that price if the banks wouldn't pay top money to them in fact it seems they are paying to the pawn shops over 1300 dollar per ounce for the scrap gold !!! Something big is coming!!!

[emmy1cat]

@seamaverick1 The difference between the rich and poor is this: We, the hoi-poloi, but depreciating assets, cars, TV's, boats. The wealthy buy appreciating assets, art, large jewels, collectible cars, and now, gold. The unwashed think they are making a killing in selling their old jewelry, they are being fooled terribly.

[smasila]

I have read that there is more GOLD then SILVER out three. If that is true, SILVER is better. But the silver bars and rounds.

[akiraguy]

because gold is still priced in dollars. and they need cash to pay for their workers pays, fuels etc. but with the spiraling monetary value is in continuous decline....

[vic2life]

Ok. So i'm very confused. IF gold is SO valuable and the dollar is so worthless, and gold can only go through the roof, then why are gold manufacturer/sellers can't wait to sell you gold in exchange for your dollars? Why not hoard gold instead? Why do you want my worthless dollars, even if your getting a lot of them, if gold is so valuable on the market?

[kbdory]

they are not selling their reserves, they are only selling their investing gold. they have to make some kind of money, but they will not sell all their gold, not even half of it. they continue to get gold in from people who sell it to them, then they sell that gold for a profit. every now and then, you will see that they are out of metals, and it may takes months before they get any in. do you really believe they are out, or do you think they just did not get any in to sell?

[readthepaper]

Ever hear of legal tender laws? Go tell somebody you will only accept gold and/or silver, you'll be arrested. You HAVE to accept dollars by law, so why would I pay you in gold/silver when I can give you a worthless piece of paper courtesy of Bernanke?

[B0rnAl0neDieAl0ne]

@readthepaper Why do Banks keep gold? Why does the whole world value gold?

[readthepaper]

Value is subjective and can't be measured; it's only expressed by peoples' actions from buying and abstaining from buying. We know people value gold because they demand it and are willing to exchange many other goods (or another medium of exchange that could have gotten them many other goods) for it. If you want to explicitly know WHY people like gold you should ask a psychologist.

[freeheretic111]

@vic2life Because they are using your dollars to pay salaries, operating costs, and buy more gold to then sell to you at a bigger profit. For now, they can keep buying more. Someday, that time to keep getting more physical will end.

[advait4u]

@vic2life Most of the gold goes into vaults. Even when many buy gold, all they get is a promise on paper. People got paper(gold) in exchange of paper(dollar). When they started demanding physical gold (like Hong Kong) from vault ... this is when you see the prices shoot up.

[emmy1cat]

@vic2life because those dollars are the current, recognized medium of exchange that is accepted right now. Perhaps they also have gold in their own vaults? Dollars are not completely worthless just yet.

[elektrikcity]

@vic2life Not true, everywhere you go you see many "CASH 4 Gold" stores and lots of ads on radio and online wanting your gold. They'll pay top dollar!  I will sell my Gold when I see "Gold 4 Cash" stores and everybody's lining up to buy gold, including the shoeshine boy.

[pmarie2003]

ewffaces, it doesn't matter.  At least you don't have dollars!!

[fox20012]

Just came all over me keyboard

[micollision]

love your vids ewffaces, what do you think about silver ? one of your subs

[whiskerchild]

Thanks for this

[CoinsFreedom]

I despise financial terrorism committed by foreign & domestic terrorists. I would not like to see a dog suffer, however financial terrorists are lower than a mosquito, blood-sucking, diseased parasites. Nuff said?

QUOTE: It is well enough that people of the nation do not understand our banking and monetary system, for if they did, I believe there would be a revolution before tomorrow morning."

Henry Ford

[chingon711]

i say obama print another few trillion dollars and purchase the entire reserve.