Gold rising further except for profit taking bursts. China is buying all the gold it can get, and unloading all the paper dollars it can dump.. Other countries, including Russia are buying gold. I can see the Yuan or RMB playing a larger role as a global currency, but most people are too ignorant of China to accept the Yuan quickly or easily. The Swiss have a huge mass of gold well stashed, so I can see the Swiss franc playing a larger role. It’s hard to make a forecast for the Euro, although it will almost certainly survive the US dollar. It’s also possible that the Swiss might make a deal with the EU that would result in the Euro being backed by Swiss gold. Now that the head of the IMF has been burned at the stake, his very good brain is of no further use. The EU is scrambled eggs right now. Sarko can’t survive without a miracle. India’s potential will take a very long time to organize and get rolling; I went to school there and it’s a seething cesspit. It’s time for the US to get out of foreign wars, but unlikely that it will because of the weapons market. Obama seems impotent. The Pentagon and its corporate backers and partners seems to be deciding policy. I’m not happy about Petraeus at the agency. I think the USG and the US are totally hosed. Desperate for a new demon. Good time for Lee Kuan-yew to retire. Wise of him. The immediate future does not look good. War and more war. Civil war. Revolution. Take your pick. The cupboard is bare. It’s all been looted. What a mess America has made since 1945. Moments of glory, decades of folly and stupidity…. Israel and the Palestinians are a parody of the world as a whole.
I think the last real ingots of gold in Manhattan were in the basement of the Twin Towers. The Fed and the Treasury don’t dare be transparent or audited, because whatever real (solid) gold they ever had was moved to Malta and other offshore or mountain stashes long ago, replaced with Play-Dough. Christ, even the Bureau of Engraving and Printing stops now and then to change engraving plates and produce “Presidential dollars” to be used as bribes by the White House (ever since Truman); we have that from a guy who is now retired after running the shop since 1945. The satellite imagery boys, where I have sources, dream of being about to electronically penetrate the earth to a depth of 100 feet or more from satellites but when I last checked 3 or 4 years ago they were still dreaming. They fiddle with HAARP trying to achieve earth-penetration, and only end up causing huge earthquakes and tsunamis; measurements already show the poles have begun to shift partly due to melting ice masses, but also due to fiddling with HAARP. The Fukushima quake and tsunami have been attributed to fiddling with HAARP, possibly the Sumatra disaster as well. Not all scientists are smart and prescient. We’re damn lucky they haven’t already blown us to smithereens, while scratching their backsides. Never forget that the Fed has always existed as a fraud by intent and design. President Wilson commented years after enabling the Fed in 1913: “I have destroyed my country.”