Friday, November 7, 2008

The Rocks and Stones Will Cry Out

In a previous post, I questioned why the "spot" prices of gold are so low. From what I understand, it is rare in the post-gold-standard period for the stock market and gold to fall in unison for any significant amount of time. In that post, I had even wondered whether the gold market (spot) prices were being artificially manipulated.

Last night I happened upon a May 2007 article by Hugo Salinas Price, President of the Mexican Civic Association Pro Silver. I know nothing of Price--except what is said of him on this website:
"Hugo Salinas Price, 75, is a retired businessman who lives in Mexico. He has been a follower of the Austrian School of Economics since his youth."
If you don't know what he means by "the Austrian School" then you'll just have to take my word for it: It's good. It means he's thinking logically. [For my Reformed Baptist friends out there, you might think of "Austrian" being to economics what "Reformed" is to theology.]

In the aforementioned article, Price demonstrates that the vast majority of gold is owned by private citizens--not by governments. He also speculates that the reason the spot prices are so low is artificial manipulation by the governments and that they are trying to prop up their fiat currencies by making it look like it is holding its ground against real, valuable, God-given money.

Here's the bottom line from the article:
[CB = Central Bank, IMF = International Monetary Fund]

Ownership of world gold:


CBs and IMF: 8.65 % of world gold stock

Private hands: 91.35% of world gold stock.

A dark shadow lies over the reported gold stocks of 28,853 tonnes as of 2007. These include 8,117 tonnes of US gold which the Treasury says are in “Deep Storage”. A most unusual and evasive categorization of gold! There are doubts regarding CB gold. Do they have what they say they have? Is there any gold at all left in US gold reserves?

Let’s put it this way: who has been judging correctly with regard to the wisdom of owning gold - a few dozen Central Bankers and Treasury chiefs, or millions of human beings around the globe? The collective wisdom of mankind has always held gold in high regard; surely it will continue to do so until the end of time. The few dozen arrogant men who think that this collective wisdom can and should be wiped out, are fighting the wishes of humanity and will have to fail in their efforts, simply because the IMF figures tell us that if they insist on being stubborn about not allowing the price of gold to rise and persisting in the sale of Central Bank gold, they will end up with no gold to sell.
Even gold and silver--directly created "fiat" (out of nothing) by God Himself with properties which make them ideal money--are Corruptible Things and will one day pass away. How much longer can the virtual, pseudo-creations of a "few dozen arrogant men" last?

The evil plans of evil men will come to nothing. If economic laws have been broken, then we should expect that justice will not sleep forever. The rocks and stones (i.e., gold and silver) will cry out*.

*Disclaimer: No, I am not suggesting that the fall of the US dollar is the the fulfillment of Biblical prophecy... I was just drawing an analogy. Hopefully I'll have opportunity soon to post about money in the Bible. Right now I have to quickly get to work and earn some fiat money... while there are still some people around who will trade it for real money. :-)

Thursday, November 6, 2008

Just Another Cat

I'm not endorsing these Canadian "new democrats" (whoever they are), but I thought the cartoon was... timely.

Tuesday, November 4, 2008

A Bittersweet Day

I am now leaving the house to go vote for Chuck Baldwin (for President), Chris Baker (for US House), and Daniel Towers Lewis (for Senate).

The mere fact that none of these men is likely to be elected is a sad thing. Why? Because all three of the men who will win share in the responsibly for the coming economic collapse. All three of them (Obama/McCain, Bart Gordon, and Lamar Alexander) have consistently voted against America and lined their owners' pockets with money stolen from Joe the plumber. Most recently all of them voted for the bailout.

And yet we reelect them... and even promote them to the highest office in the nation. We are content with a "choice" between a reluctantly socialist warmonger and a reluctantly warmongering socialist.

Amazing. May God have mercy.

At this point, I am very hopeful that He is doing exactly that. If Obama is elected, I suspect that our country will be bankrupt in months. If McCain, a few short years. Don't mistake me. This isn't gloom and doom... This is good news.

More to come in the next few days.

Monday, October 27, 2008

Why Gold and Silver Prices are So Low (and why there's none available)

I found this article today by Alfred Adask. I don't know anything about the guy, but he is offering the only reasonable explanation I've heard so far for the currently low gold and silver prices.

In short, what he says is this:

  • The market ("spot") prices are not set by actual metals sales, but by futures sales--which is much different.
  • Actual metals are not available at the low spot prices, but they are available. (Just look on eBay!)
  • So... to find the real price of real gold, you can't depend on the spot prices. You have to look at actual metal sales.
I can certainly confirm what he's says about the eBay prices being significantly higher than the spot prices. We'll just have to wait and see if whether the spot price follows. I'm guessing it will have to follow unless it is being artificially manipulated.

Saturday, October 25, 2008

Must-See: The Politically Incorrect Guide to Politics

This is an episode of 20/20 which was televised earlier this month. It's better than anything I've seen--perhaps ever--in the mainstream media. It's a decent introduction to real politics... and quite entertaining. Enjoy.

Part 1


Part 2


Part 3


Part 4


Part 5


Part 6

This is NOT Where Our Faith and Hope Are

We should be good stewards of all blessings God has given, but even the most enduring things of this world will pass away. My intention here will be to discuss these temporal things like silver and gold, hay and stubble; but with the acknowledgment that as helpful and practical as even the best of these worldly things may be for now, they are not eternal. As Rich Mullins put it, "I don't want to lose the eternal for the things that are passing," but I suspect we will find shadows of the Divine even amidst these Corruptible Things.

- Ben

(From First Peter, chapter 1)

In this you greatly rejoice, though now for a little while, if need be, you have been grieved by various trials, that the genuineness of
your faith, being much more precious than gold that perishes, though it is tested by fire, may be found to praise, honor, and glory at the revelation of Jesus Christ, whom having not seen you love. Though now you do not see Him, yet believing, you rejoice with joy inexpressible and full of glory, receiving the end of your faith--the salvation of your souls. Of this salvation the prophets have inquired and searched carefully, who prophesied of the grace that would come to you, searching what, or what manner of time, the Spirit of Christ who was in them was indicating when He testified beforehand the sufferings of Christ and the glories that would follow. To them it was revealed that, not to themselves, but to us they were ministering the things which now have been reported to you through those who have preached the gospel to you by the Holy Spirit sent from heaven--things which angels desire to look into. Therefore gird up the loins of your mind, be sober, and rest your hope fully upon the grace that is to be brought to you at the revelation of Jesus Christ; as obedient children, not conforming yourselves to the former lusts, as in your ignorance; but as He who called you is holy, you also be holy in all your conduct, because it is written, "Be holy, for I am holy." And if you call on the Father, who without partiality judges according to each one's work, conduct yourselves throughout the time of your stay here in fear; knowing that you were not redeemed with corruptible things, like silver or gold, from your aimless conduct received by tradition from your fathers, but with the precious blood of Christ, as of a lamb without blemish and without spot. He indeed was foreordained before the foundation of the world, but was manifest in these last times for you who through Him believe in God, who raised Him from the dead and gave Him glory, so that your faith and hope are in God. Since you have purified your souls in obeying the truth through the Spirit in sincere love of the brethren, love one another fervently with a pure heart, having been born again, not of corruptible seed but incorruptible, through the word of God which lives and abides forever, because "All flesh is as grass, And all the glory of man as the flower of the grass. The grass withers, And its flower falls away, But the word of the LORD endures forever."