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Thank You Chris Powell!



-- Posted Sunday, 8 November 2009 | | Source: GoldSeek.com

By Andy Hoffman

Gold appears on the verge of not only breaking out explosively, but triggering a broad, sweeping worldwide perception of its existence and, more importantly, its role in the international monetary system.  In other words, its role (as well as silver’s) as a CURRENCY.

The forces of evil, for lack of a better term (central banks, politicians, and cohort money center banks), have been conspiring against gold and silver for decades, directly causing the massive economic and financial imbalances that are in the process of consuming United States citizens, not to mention billions of others worldwide.

However, the jig is nearly up, as the suppression scheme utilized to denigrate REAL MONEY, aka gold and silver, and promote the expansion of toxic paper currencies such as the dollar, pound, and yen, is faltering due to the inevitable demand explosion and supply reduction resulting from these activities.  In other words, yet another real-world application of Economics 101.

As I have noted these many years, the most dedicated organization to unveiling this mask of suppression is GATA, the Gold Anti-Trust Action Committee (www.lemetropolecafe.org).  Commentaries written on its site each day by its Chairman, Bill Murphy, and the growing “GATA Army” have proved invaluable in my quest to learn and understand, as well as to try and make a profit here and there.  This “army” represents among the brightest and most passionate group of people I have come across in my life, dedicated to seeking out the truth and bringing it to light while, all along, enduring the non-stop (but finally dissipating) scorn and denigration of much of the Western world.  Not to mention many friends and relatives.

However, reading the below missive, I realized just how underappreciated GATA’s Secretary/Treasury Chris Powell is.  Chris works a bit more anonymously than Bill, but with just as much dedication and intelligence.  This link connects to the remarks Chris made last week at the International Precious Metals and Commodities Conference in Munich, Germany, and I’d bet anything they were made to a standing room-only audience.  It reads as a perfect chronological litany of admissions made by politicians and central bankers over the past 15 years regarding their surreptitious (and in some cases not so surreptitious) intervention in the gold market.

After reading it, even the most jaded market observer would have a difficult time not understand what is going on.  And I’m guessing that more and more do.  Just wait until (not long from now) the average person understands it, too.

http://news.goldseek.com/GATA/1257721500.php

Among Chris’ myriad duties, such as making presentations for GATA around the world, is his role in posting articles regarding the gold market as GATA press releases, which in its totality creates a broad mosaic of information that educates thousands of new readers worldwide each week.

Below is a link to Eric Hommelberg’s wonderful website, www.golddrivers.com, in which he posts daily the most updated version of the “GATA dispatch.”

http://www.golddrivers.com/gata.aspx

Before I go, I wanted to share one article that Chris posted to the GATA dispatch this weekend, an article from today (Sunday’s) London Financial Times, possibly the most influential newspaper in the world (sorry cheerleading Wall Street Journal, you’re not it).  It’s title is “Why gold is certain to move higher”, and obviously demonstrates that the financial market mainstream, at least everywhere but the U.S. (which has the most to lose by a significant upward revaluation of gold), is starting to catch on.

http://www.gata.org/node/8000

And, as a note, four MAJOR events occurred in the past week that demonstrate the rising momentum of gold, and consequently the likelihood that it will likely accelerate upward in the very, very near term:

1.       India buying 200 tonnes of gold from the IMF (Int’l Monetary Fund) at record-high prices

2.       The Federal Reserve announcing it will continue to print money with reckless abandon for “an extended period of time”

3.       The G20 group of financial ministers yesterday stating that ultra-easy monetary policy will continue indefinitely

4.       The U.S. House of Representatives yesterday passing a $1.2 trillion (bet it ends up being 5x that amount) healthcare bill, further pushing the U.S. toward the horribly unproductive system of communism

My final note is a plea to consider a contribution to GATA, or just as useful signing up for its daily commentary for the mere price of $199/year.  As I have noted so many times before, this may be the best investment you ever make, as you will learn what is REALLY going on in the financial world each day, as well as what gold and silver will do to PROTECT YOU from what is coming down the pike, and fast!

Andy


-- Posted Sunday, 8 November 2009 | Digg This Article | Source: GoldSeek.com




 



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