[markphata]

We now know that the Iranian invasion will take place prior to June 28th.
Forbes reports that China will begin paying Iran in gold for its oil rather than dollars on June 28th.
The legendary Jim Sinclair states that this is the most important event in the modern history of gold, and that gold is officially replacing the US dollar June 28th.
We agree wholeheartedly as this massively accelerates gold’s replacement of the dollar as the world reserve currency.
Meanwhile, the paper trading Geeks mindlessly trade the new reserve currency down to the low $1600′s.
From Jim Sinclair:

The implications of China paying for Iranian oil in gold is the most important event in the modern history of gold


1. It is reasonable to assume that China has been threatened with total or at least selective exclusion from the SWIFT system if it pays in any currency for Iranian oil.


2. Gold has been decided by China as the means of making payment for massive international purchases free of the SWIFT system.


3. Other Asian and Middle Eastern nations will now see the gold they hold as money free of Western economic interference.


4. Gold now is not only money free of liability, but also free from interference regarding settlement by the long arm of Western influence.


5. The SWIFT system is becoming ever more a weapon of Western international political will.


6. In case of war anywhere, it is now demonstrated for all to see that only gold will buy the materials required. Paper currencies are under the SWIFT system’s control in settlement.


7. Far from being a barbaric relic, gold is now clearly the money of state survival in every sense.


8. It is reasonable and possible for the supply of physical gold to fall far behind the size of the massive short positions now common to algorithm and hedge fund paper shorts. That will make an effective cover at a reasonable price as compared to a certain day’s close impossible the following day on an exogenous event.


9. It may not be possible to use TA of any nature to determine a price of overvaluation for gold. Should the USA decide to take on China in full out economic war with the physical market totally illiquid, such as through isolation from the SWIFT system, consider the gold price that might result.

Gold is officially replacing the US dollar June 28th. The cat is out of the bag.


Phil, you are booting any nation that dares to refuse to be legislated by any other body than themselves out of the SWIFT system.


You have officially made gold money. Now what are you going to do, declare economic war on China? They will fire dollars back at you.


You just might end the economic world as you knew it.


The Best Reason in the World to Buy Gold

CIGA Eric



Have no doubt, emotions generated by short-term price action will be influencing investor decision-making a hundred years from now. We may have substituted iPad for the telegraph over the past hundred years, but we’re still fairly lousy traders as a species. The real world makes decision based on reality rather than perceptions generated by emotions. Well, at least the real world that stays in business. The Chinese are buying gold while the public panics and sells. Nuf said.



Headline: The Best Reason in the World to Buy Gold



“Beijing is planning to avoid U.S. financial sanctions on Iran by paying for oil with gold. China’s imports of the metal are already large, and you can guess what additional purchases are going to do to prices. On the last day of 2011, President Obama signed the National Defense Authorization Act for Fiscal Year 2012. The NDAA, as it is called, attempts to reduce Iran’s revenue from the sale of petroleum by imposing sanctions on foreign financial institutions conducting transactions with Iranian financial institutions in connection with those sales. This provision, which essentially cuts off sanctioned institutions from the U.S. financial system, takes effect on June 28.”

Source: forbes.com

[muBXvWIC]

so on June 29, the Judeo-Fascists can declare that "Gold is one of the Currencies used by Terrorists" - and begin clamping down on Gold transactions.

i mean, even more than they already are.

wouldn't surprise me.

[JennaJJxoxoxo]

it look like china maybe at war with the us buck . if they were to break the back of the dollar they could be the printer then