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NOW that the world knows GOLD is common as copper, has no intrinsic value, future money-systems will NOT be Gold-Based!

Posted By: Bob
Date: Sunday, 18-Dec-2011 19:39:26

In Response To: Reader, link: Transcription of 'Anonymous' dialog from Wilcock - Project Camelot radio show (hobie)

WHEN (and if) the world realizes that gold is as common as copper, and

There is no intrinsic value to gold and

That its worth is based on SUPPLY and demand,

Its price will plunge drastically!

Comment found at http://divinecosmos.com/start-here/davids-blog/995-lawsuit-end-tyranny by reader 'D'. (continued further below)

---------------------------------------------------------------------------------------------

My own sense tells me something much more "un-foresee-able" (unpredictable), will unfold in the 'fore-see-able' future, and,

SPONTANEOUSLY

To usher in a world of incredible GOLDEN beauty with GOLDEN human beings all contributing with GOLDEN hearts in a Golden Age where

Health, well-being, fine art, science, religion, technology and whatever - thrives for all, once again.

Where and when we finally recognize and realize, that the price and value of/on gold is zilch and astronomical - all at the same time! :)

Bob
==>
--------------------------------------------------------------------------------------------------------------------------------

There is no intrinsic value to gold. It's worth is based on SUPPLY and demand. If the supply is many times more than what the market thought, the price will plunge accordingly.

2 million tons(nes?) is not worth anywhere near that much (as David Wilcock suggested). Here's the math.

One ton(I'm assuming imperial tons and not metric tonnes) is 2,000 pounds and 32,000 ounces. At a price of $1500 per ounce, which is close to current market prices, one ton is worth $48 million.

One thousand tons would therefore be $48 billion. One million tons would therefore be $48 trillion. So 2 million tons would be $96 trillion at current market prices.

That is not millions of Trillions of $ and if all of that gold were to be put on the market, it would be worth far far less.

There is no intrinsic value to gold. It's worth is based on SUPPLY and demand. If the supply is many times more than what the market thought, the price will plunge accordingly.

I'd also like to share with you some additional information that might give you a better perspective.

I recall several years ago, around the time of the financial crisis, that there were reports that the larger financial institutions like Lehman Brothers, etc. had huge short positions on gold.

Could it be that they understood how much gold there really was in existence and getting positioned to take advantage of a major plunge in price?

Add to that, the fact that Robert Prechter Jr., who is the acknowledged worldwide expert on Elliott Wave Theory, which has a remarkable track record of correctly predicting price trends in financial markets,

Has been predicting that gold has been in a speculative blow-off ie. a bubble and is now on track for a major bear market that will wipe out 80-90% of it's value.

What I'm thinking with regards to the notion that there is far more gold in existence, than is publicly acknowledged, is that those who own the gold, have a vested interest in keeping prices high.

If the world learns that gold is as common as copper, for example, then it will be priced accordingly and will no longer be considered as a precious commodity.

The idea of backing a currency with gold then becomes problematic because there would be far too much gold and

if you take all of the paper currency in circulation and divide it into the actual higher gold supply, you may find that each ounce of gold is only worth ten cents (for example).

D.


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Articles In This Thread

Reader: 7-min David Wilcock YouTube audio, "The Book of Maklumat The Book of Codes"
hobie -- Sunday, 18-Dec-2011 00:19:31
Reader, link: Transcription of 'Anonymous' dialog from Wilcock - Project Camelot radio show
hobie -- Sunday, 18-Dec-2011 14:27:26
Reader: "Considering how Rayelan's excellent gold adventure with Shamus turned out, ..."
hobie -- Sunday, 18-Dec-2011 15:22:58
Reader: "Who is 'Contact 2'...?"
hobie -- Sunday, 18-Dec-2011 23:11:29
NOW that the world knows GOLD is common as copper, has no intrinsic value, future money-systems will NOT be Gold-Based!
Bob -- Sunday, 18-Dec-2011 19:39:26


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AN EXPLANATION OF THE FACTIONS