Dec 9, 2011

What are the odds of gold being confiscated? To find the answer, you need to put on your telemarketing shoes. Call up 100 people in a regular neighbourhood and ask them how likely they are to own gold at current prices. Ask them if they consider gold's price to be high or low.
What team gold confiscation doesn't want to understand, is that Elmer Fudd Public Investor doesn't own any gold, and has no intention of owning any gold, so there's nothing to confiscate, except gold from the banksters, who are soaked in it. Why would they confiscate their own gold? The answer is:They won't.
Team gold confiscation lives in the past. Live in the now, and focus on insuring yourself against future risks, not past ones. Markets move fast. You need to move faster than they do.
Your retirement IRAs and bank accounts are front and centre on the confiscation list. Not gold. The purpose of gold confiscation is to put those who hold gold into dollars, and then devalue those dollars.
Fudd is already all-in on dollars. The bottom Fudd line is that he's an over-ripe tomato ready to be stomped with a bankster jackboot. Confiscation of their own gold is the very last thing on the planet the banksters have in mind for themselves.
The gold community owns a microscopic amount of gold, and is less worrisome as a fly, to the Gman, to the banksters, and to their joint monster dollar devaluation plans.
Face the mirror, and see the insect. We're gold community flies ranting at gold-loaded trillionaire banksters.
Ironically, those in the gold community who hold huge amounts of cash are most worried about the small amounts of gold they hold being confiscated, when it is their cash they should worry about. US dollars are the target. Not gold. Get with the devaluation program.
Modern confiscation will likely take the form of restriction and control of dollars, not outright confiscation of them. IRA accounts could become something like Martin Armstrong's Princeton Notes, with the banksters acting as agent for the Gman, turning IRA equity into debt.
Your bank account could become fully guaranteed by the Gman, with enhanced payouts, but with withdrawal restrictions and a maturity date. Pension funds are huge Gman targets for devaluation.
That's the real "confiscation risk", not gold confiscation. Most gold confiscation "experts" coincidentally have an offshore depository of supposed merit ready for you, where you "need" to store your gold. Hmmmm......
If you think MF Global engaged in HH (hyper-hypothecation), wait til you get a taste of the Gman's HH racecar. It's not about the Gman forcing you to sell your IRA investments. That's the last thing he wants. He wants stk mkt prices vastly higher against the dollar, not lower, and he'll get what he wants.
He wants to get in on the hyper-hypothecation game, big time, and use your IRA for collateral, by turning the whole thing into a note he guarantees with a maturity date. That's your main future risk, not gold confiscation.
Lehman was the OTC derivatives "event". MF Global was the stock certs "event". Move forwards, not backwards. A dollar restriction event, followed by a devaluation event, is the main risk event that lies ahead that you need to insure yourself against.
The stock cert event is already past history. Focus on insuring against future events. You're moving fast, but perhaps not fast enough, because the Gman is building the ultimate hyper-hypothecation race car, and it's got your pension fund's name on it. The question is, are you prepared?
"I'm insuring myself against the Roosevelt Zombie and the possible confiscation of Model T cars, but not against any of Obama's plans, or those to follow him" -Not you, Dec 9, 2011. Rather than a nostalgia expert, think like a hungry tiger that rules the price and future risks to you grid. All of it.
I talked about the wheat market "wannabe" wedge pattern this week. Now there's a real wedge on the wheat chart, and wheat is one of the items that is going to beat the dollar bugs like they've never been beat on before, for time, even more than for price.
Click this WHEAT CHART now. Note the wedge action. It's not perfect, because the dip down from the first high where the supply line is drawn is not symmetrical with the first low for the demand line, but it's a positive just the same, and I'll take it as such. Will you?
Anyone like corn on the cob? Here's a tiny suggestion. Try dollar bugs on a cob, because you're going to be eating them soon, and for a long time to come, but only if you are corn asset embracing machine, as I am.
Click this dollar bug on a cob chart now. Corn was supposed to tank yesterday, on the news that the ECB didn't buy enough of Laurel and Hardy's toilet paper bonds.
Did any gold investor on Mars read the fine print of what happened yesterday? It was gold-positive, big time, not gold-negative.
The ECB has announced that unlimited liquidity will flow to commercial banks in Europe, while the levered wienerheads in the gold and fund communities liquidated and shorted, because of the supposed bad news that the ECB booted Nicholas "Stan Laurel" Sarkozy and Angela "Oliver Hardy" off the economic importance stage.
The bottom gold line: Who cares what Laurel and Hardy have to say about anything. I don't, and nor does the punisher. Do you?
Jim Sinclair was interviewed by a gold juniors fan club member yesterday, who kept asking when his fantasy parabola was coming. Most gold juniors investors still don't understand what is going on. This is an all-epic crisis, and steady gold revaluation coupled with money printing wearing ten masks is the means of devaluing the Gman's creditors, and paying the banksters their OTCD winnings. You can throw in the move in bankster headquarters from America to China and the gold demand that will create as they build China into the next empire, but.... There is absolutely nothing else going on.

Gridtime. There was everything gold-negative yesterday for team parabola pipedreamer, in ECB news, and everything ultra-positive yesterday for team punisher. You decide which team sounds good to be on, in the greatest financial crisis since the fall of Rome.

Thanks!

Cheers