''Gold And The Potential Dollar Endgame''

From Zerohedge
By Dan Flynn and Joe Yasinski of GBI

''In our first installment of this series we explored the concept of stock to flow in the gold markets being the key driver of supply/demand dynamics, and ultimately its price. To briefly summarize the STF concept, the “stock” of existing gold is the total amount ever mined and the “flow” is the amount of physical gold available for purchase on any given day. Obviously the more flow, the more for sale and presumably, the lower the price. Today we are going to explore the paper markets and, importantly, to what degree they distort upwardly the “flow” of the physical gold market.''

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http://www.bullioninternational.com/blog/entry/paper_gold_what_is_it_really_good_for

Freegold: ''Gold bubble or new monetary paradigm?''

a MUST READ...................From Bullion Baron

''Freegold, not FREE Gold (sorry to disappoint!). Freegold (or Reference Point Gold, RPG) is an environment where Gold is set free from the bounds of a fiat price, where it is used solely as a store of value and reference point for all other currencies. The 'price' of Gold floats freely in all currencies or as defined on Wikipedia:''

''Freegold derives its name from a monetary environment where gold is set free, and has no function as money. Gold is demonetized, and has one function only: a store of value. The function of legal tender changes only slightly: it is a medium of exchange and unit of account, but stripped of the store of value function. In this environment, currency and freegold will coexist to supplement each other, without interacting with each other.''

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''FOFOA blog shows themselves''

From SilverFuturist

http://www.youtube.com/user/silverfuturist?feature=watch

http://fofoa.blogspot.com/

 http://www.youtube.com/user/FOFOAtv?feature=watch

Hope the readers of nakedempire are reading FOFOA...........good stuff!!

FOA (USA Gold Archives)

Usa Gold Regular Archives Collected

Robert Wenzel: 'gold and silver 'could save civilisation'

From GoldMoney..........''Subscribe to our newsletter at http://www.goldmoney.com/goldresearch. GoldMoney's Alasdair Macleod talks to Robert Wenzel, host of the website EconomicPolicyJournal (www.economicpolicyjournal.com/), about America's inescapable debt trap, the cluelessness of establishment economists, and how gold and silver could be civilisation's saviour.

Wenzel notes that the scale of the US government's debts and off-balance sheet liabilities exceeds anything that is realistically amenable to a political solution. He pays particular attention to the social security trust fund, which as of 2010 has been running a cash flow deficit for the first time ever. This means the fund is making more payments to retirees ($49 billion in 2010 and $45bn last year) than it is taking in in tax revenue.

Though these sums are a drop in the ocean at the moment in comparison with total US government borrowing -- $1.3 trillion in fiscal year 2012 -- Wenzel says that this will develop into a serious problem, likely by 2017, as even more baby boomer retirees finally start looking to social security for assistance. At this point the Federal Reserve will likely be forced into even more money printing to help fund the social security deficit, leading to skyrocketing inflation and interest rates.

As far as inflation is concerned, Wenzel comments on the importance of growth in excess reserves held at the Fed. Most of the money created by the Fed during QE1 and QE2 -- close to $1.5tn -- is merely sitting in excess reserves. But if economic statistics show signs of improvement, the banks will start to lend these reserves out -- which could then lead to a dramatic surge in inflation, as the money multiplier effect kicks in.

All of this makes hard-assets such as gold and silver must-have protection from the runaway dollar devaluation that Wenzel foresees. He says that using these metals as money could "save civilisation" in the event of one or more fiat currency collapses.''

''The Gold Must Flow''

From FOFOA via 24hGold

''The bottom line is that private gold needs to flow as a fertile member of the balance of trade. There will be no advantage for the USG to confiscate or tax above-ground gold this time. Gold may be utterly "useless" to the present debt-based economy, but it will be absolutely vital in the Freegold economy. (Here's a comment I wrote last April about the importance of privately held gold.) This seems incomprehensible when viewed from within the current paradigm which is why you must try to put yourself in the next one to see what I'm talking about. I can try to help you see what I see. It's not easy to explain, but I'll certainly give it a valiant effort once again.''

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