Central Bank Gold Buying Update / Mongolia and Kazakhstan Add To Their Reserves!

This is a Central Bank gold buying update. Mongolia and Kazakhstan have added to their gold reserves.

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[onemindonespirit]

Do you know how the IMF ever got gold to sell in the first place?

[MoneyBags73]

@onemindonespirit This is what I found: • Most of the IMF's gold was acquired prior to the Second Amendment of the IMF's Articles of Agreements in April 1978. The main source was members' initial quota subscriptions and subsequent quota increases, of which 25 percent were to be paid in gold. Other sources were payments of charges (i.e., interest on members' use of IMF credit), repayments to the IMF for credit previously extended, and sales of gold to the IMF by members

[MoneyBags73]

@onemindonespirit

• The IMF also acquired a portion of its gold holdings after the Second Amendment, amounting to 12.97 million ounces (403.3 metric tons), with a market value of $11.9 billion as of February 20, 2008. This gold was primarily acquired through the off-market gold transactions in 1999-2000, where the IMF received 402.6 metric tons of gold as repayments of IMF credit. The remaining 0.7 metric tons was received as a repayment from Cambodia in 1992.

[MoneyBags73]

@onemindonespirit I still can't give you a straight answer though. LOL

[andrez350]

I am 21 years old 500oz of silver and all I do is eat, drink, and sleep silver!

[mygaboo]

Most people don't even know where to buy bullion. They try the jewelery store, look at some rings and balk at the price. A few might visit the mints online and hum and haw. It's a big decision to put that hard earned cash on a little widget of metal. Most people are scared to make that first purchase. Stacking silver is a good entry. Tuck some away for relatives, they can owe you later. Better, take them along when you visit the dealer. That's how my buddy got in. I showed him how I bought it.

[moviematcanada]

@andrez350

Oh my friend I've done that and so much more, the both of them just don't care as long as they have their PS3 and I-crap, it gives me a freaking huge headache.

They have both told me to my face I send them too much knowledge via email and if the title doesn't sound entertaining they don't even watch or read what I send them.

Blew me away.... I didn't raise her this way but society has undone so much on me...

[MongolPeace]

@MoneyBags73

[andrez350]

@moviematcanada Get her to seat in front of the computer and show her the video of Ron Paul from prophet to president... that video shows how he predicted the house bubble, fiscal deficit of the states, and the printing of money by the Fed. Tell her that he believes in the gold standard and that he fears(believes) there is an economic depression coming to the US. Tell her that Canada's GDP is 80% attached to American trade and that she'll be out of job once the collapse comes. Scare her.

[andrez350]

@moviematcanada How did your grandfather figured shorting on gold?? He shorted 2 months before the correction of gold which lasted for decades later on! Do you think it was pure luck? Go to wikipedia and type gold standard, there is a gold chart from 1970s to 2010 showing the price of gold in today's dollars

[moviematcanada]

@andrez350

My grandfather got me involved in PMs in Jan 1979 and he made me take all my job money and bought 2 oz of gold, he then took me into the bank in Dec 1979 and cashed out, I was freaking rich at 17.

Unfortunately blew it all in less than 2 months but it is a great memory, history is repeating itself this time I won't though.

[moviematcanada]

@andrez350

Oh man I've tried everything believe me, her husband and her are completely out to fucking lunch, as long as he has his PS3 & i-crap, and she can waste her life on Facebook all is good.

I'm at the point they can starve, some tough love, but it's my grandchildren that I'm worried about and I know the day is going to come that I'm going to have to say sure leave the kids here I'll feed them, now the 2 of get back out on the street.

[MoneyBags73]

@andrez350 That would be considered a bold move by many but It could turn out to be a very wise move. Most people do not have enough understanding to explain why that might be a game changing move. Best of luck to ya. If I were in your shoes I would do it.

[andrez350]

@moviematcanada Does she work? Ask her to do groceries or pay at the pump all the time... this way when the price of a commodity goes up (either gas/rice), she will complain. Then tell her that it is the same deal with her savings (if she has any), inflation is going to kill her and her long hours at work are paid with less money each year and is because she is working for FIAT money. Tell her about your grandparents and how they had a higher standard of living cuz of the gold standard. Goodluck

[andrez350]

@MoneyBags73 I decided to take a year off from University to work and buy silver... I am all in the PMs race... my friends think I am crazy, but I know this is one in a life-time opportunity to protect my wealth and make profit out of the sheeple

[moviematcanada]

@mygaboo

Actually I'm only interested in Silver Bullion Maple Leafs at the lowest possible over spot, I found a guy in Ottawa that use to be a manager at the mint and he gets me deals around $3 over spot on a monster box in my hands.

My grandfather told me collecting coins is if you love coins which he did, but for investments to protect your wealth, the old fashion bars are the best bang for your fake dollar you can get.