Bill’s Commentary:
“What an asshole, if he doesn’t like the 1st Amendment, he should just shut up and remain silent. In any case, the 2nd Amendment guarantees the 1st..”
Bill’s Commentary:
“Kids are stupid today but generally it is not their fault, they have been “taught” to be stupid!”
The latest from Erik –
Bill’s Commentary:
“As the saying goes, “there is no bull market quite like a gold bull market.” This is simply because gold can move higher versus fiat because of greed, but more importantly it can move MUCH higher because of fear… especially REALIZED FEAR!”
Why Another Chinese Gold Mania May Be Starting
A few weeks ago, I published an article where I explored the potential for another China-driven rally in gold, one that could quickly push prices to $3,000. My thesis was rooted in the observation that China’s futures traders were the driving force behind gold’s explosive $400 surge this past spring. However, these traders had been dormant for the past five months as the yuan price of gold stagnated. I proposed that a technical breakout in the yuan price of gold could trigger a resurgence similar to the powerful rally we saw in the spring. Since sharing that idea, I’ve been watching for a breakout in the yuan price of gold—and it appears that moment has arrived.
Bill’s Commentary:
“Truth is leaking out, what will you do with truth?”
Bill’s Commentary:
From Dave –
Bill, They all know fiat money is worth-less, lets see what the BRICS do at the meeting? – Dave
Dave, it is a guaranteed way to build their Treasury reserves with something real, smart on the part of Tanzania. This could be anything from announcing a future meeting with a communique to a rejection of Bretton Woods and truly a NEW WORLD ORDER? Bill
“Oh and by the way, here is a small country that bought less than half a ton of gold in the last 12 months… that will buy 6 tons over the next 12 months. No ramification for the miners, but what about price?”
Tanzania orders gold dealers to reserve 20% for purchase by c.bank
DAR ES SALAAM, Sept 27 (Reuters) – Tanzania’s mining regulator has ordered all mining firms and traders exporting gold to allocate at least 20% of the commodity for sale to the central bank to bolster the bank’s move to diversify its foreign reserves.
The central Bank of Tanzania (BoT) began buying gold from local traders and miners in the last financial year that ended in June to boost its reserves amid depreciation pressure on the local currency, the shilling.
The latest from USA Watchdog –
BillHolter.com 