Egypt is telling us Gold preserves wealth

Wow! Egypt bans the export of any form of Gold https://research.tdwaterhouse.ca/research/public/Markets/CommoditiesNews?documentKey=1314-WEB1950-1

"to preserve the country's wealth". Hmm, so Gold is a store of value?

Gold Silver Margin Increases

An increase in margin to buy or sell a gold or silver futures contract by the CME increases 30% on 11/9/10 causes the metals to sell off, but yesterday's 50% increase caused the metals to increase in price. Looks like the shorts were forced to cover this time at much higher prices.
The backwardation in silver continues. http://www.cmegroup.com/trading/metals/precious/silver.html

Feb 2010 $32.298
Dec 2015 $31.568
People want the physical delivery now and are willing to pay a premium. Anything still think $50 this year is still a pipedream? Posts: Jan 23, 2011
Nov 8, 2010

Acceptance of Gold

More proof of acceptance most recently by JPM. The major exchanges also accept gold as collateral.

2/7/11 - J.P. Morgan Collateral Management Offers Automated Use of Gold - http://investor.shareholder.com/jpmorganchase/releasedetail.cfm?ReleaseID=547977

11/11/10 – ICE says will takes gold as collateral http://www.reuters.com/assets/print?aid=USLDE6AA12520101111

10/19/09 - CME to allow gold as collateral for all exchange products http://www.marketwatch.com/story/story/print?guid=8F1E8264-27B8-4E48-98C0-DFEFAA90D9D9

 

$42 Gold

Yes, the current book value of U.S. Treasury-Owned Gold gold is currently $42.2222 per troy ounce! Everyone thinks I am joking around, but here is the link http://www.fms.treas.gov/gold/index.html Who is correct? The market thinks $1389 per troy ounce is the correct price as of 2/18/11

IMF sub-site and SDR’s

Enhancing International Monetary Stability—A Role for the SDR? http://www.imf.org/external/np/pp/eng/2011/010711.pdf Hardly a peep on gold.

http://imsreform.org/ - Seems they are pushing for 1 world currency.

Cheviot's Sound Money Conference

Here is the link to the conference held on 1/27/11. The speakers include James Turk, Chris Powell, David Morgan and Hugo Salinas-Price.

I would convert the speeches to mp3 as each is at least a half an hour long.

I would rather listen to this conference than the nonsense on mainstream media.