Lehigh Valley Conservative

Russia Is Buying More Gold
One central bank after another has been buying gold recently, and central banks will become net buyers of gold this year for the first time since 1988, according to New York-based researcher CPM Group. In October, we saw India, Mauritius and Sri Lanka buy more than half of the 403.3 metric tonnes of gold that the International Monetary Fund was bringing to market. And Russia’s central bank also increased its gold holdings by 2.6% in October.
You probably know that China has become the world’s biggest gold miner, as the gold fields in South Africa edge closer to exhaustion. But did you know that China is going to pass India as the world’s largest gold consumer in 2009?
Returns Over Time
  1 year 5 years 10 years
Gold 54.48% 155.7% 314.57%
S&P with dividends reinvested 29.41% 3.07% -7.69%
That’s right — over the last 10 years, the S&P 500 has a negative return. Well then, the mainstream media should be warning people away from the major stock indices, right? Ri-i-i-i-i-ght.

These couple of short paragraphs and this chart came from the newsletter I get called “Uncommon Wisdom” and from the article dated Dec. 11, 2009  “Sell Your Gold, Please” by Sean Brodrick

Of course he is being sarcastic and you had better understand what is really happening, the article goes on to say this;

Gold Coins Are Selling Out
Talk about a hot market. Last Thursday, the U.S. Mint put the three fractional gold American eagles on sale, then had to suspend sales the next day as virtually everything sold out!
 
The U.S. Mint recently suspended the sale of American Eagle gold coins after they sold out.
The fractional gold eagles are one-half, one-quarter and one-tenth of an ounce in size. This follows the previous week’s news of sales of the one-ounce gold and silver eagles being suspended and the gold buffalos were also suspended. Speaking of gold buffalos — sales for the 2009 Gold Buffalo bullion coin exceeded sales for 2007 and 2008, despite the fact that the 2009 dated coins were only available since October 15, whereas the prior two year’s coins were available throughout the year.
The good news for coin buyers is that American silver eagles have since gone back on sale. I wonder how long that will last?
Summing up, it’s easy to draw two conclusions from this news …
1. Demand for easily available physical gold is increasing.
2. Lack of supply to meet demand is going to drive up prices (or at least drive up premiums on coins).

China, China, China!
You probably know that China has become the world’s biggest gold miner, as the gold fields in South Africa edge closer to exhaustion. But did you know that China is going to pass India as the world’s largest gold consumer in 2009?
Yep, China’s total demand for jewelry and investment is forecast at 432 tonnes, according to market analysts at GFMS. GFMS forecasts total gold demand from China in 2009 to be 432 tonnes, compared with that of 422 tonnes from India. China’s investment demand alone was forecast at 83 tonnes, easily passing India’s 53 tonnes.
And then there’s the small matter of China advertising the “opportunities” in gold and silver and urging its citizens to buy the precious metals.
Nonetheless, when Hu Xiaolian, the vice-governor of China’s central bank, recently made a statement that Beijing would not buy gold indiscriminately — and called the gold market a “bubble” — the gold haters in the mainstream media seized on this as proof that China would not be adding to its gold reserves, at least not anywhere near present prices. 

Where are we going?  Allow me to add this.

If any and all specific values are left vague and the norm is acceptance of the integration of any and all values, we will destroy all morals and ethics.  Today’s values are being diluted and destroyed with emotions becoming the very nature of our guidance system.

What does this have to do with the economy, everything? 

First, the person is completely satisfied with their money matters, there desires, and those interests harmonize with their values toward those things, their naturalistic system has become void of standards that represented past rights and wrongs.  This confused psychological maze of thought will in no way give the person a sense of guilt and in no way disturbs their equanimity. 

Second, because of the confused thought from point one, we have no concept of what it means to be Trillions of dollars in debt.  And we cannot understand that our very liberty is in jeopardy because of this debt we have allowed to be placed on us.    

Third, we find no fault in those that are doing it to us, and don’t tell me to speak for myself, for if a majority would find this offensive something would change.  Few understand the nature of the Federal Reserve System and the corruption that flows from it.

The current political leaders including the radio talk show hosts keep us wallowing in superficial emotions of the issue, which only scratches the surface of the real problem.  Why they (the leaders) can’t even force the issue back to the “Constitution” and God forbid we should ask them if any of this is in accordance with God’s Biblical Law.  It is EVIL against RIGHTEOUSNESS and the quicker we realize this, the quicker we will get down to the business of making corrections.

We Shall See and shortly