Wednesday, April 17, 2013

Buy Gold and Silver! (Part 4)


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The Precious Metals Massacre (New Update)
by Thomas Beecham
(henrymakow.com)
April 12, 2013
Gold $1477 down $84
The NWO cannot collapse the financial markets until they collapse gold, get our firearms,
and get everyone into paper.
(also by Thom Beecham,
Goldbugs Can Expect More Losses April 8, also see below)
What the globalists are doing to Bitcoin, they are doing to gold. Gold just hit, but held the important 1,525 support level this morning. If gold breaks 1,525 it will fall to 1,410 within weeks.
Gold is the most important item to watch with respect to the NWO agenda. I cannot emphasize this enough. The NWO cannot collapse the financial markets until they collapse gold, get our firearms, and get everyone into paper. They are trying to get everyone into the stock market, which will then flash crash - just like their test flash crash in 2010 - in a matter of days. The tent will then be folded up and the new and final satanic solution will be rolled out, with gold confiscated at a lower price.
Gold is the ultimate enemy of the NWO and needs to be handled so much more delicately. This is why the globalists had planned gold's demise decades ago. I did all the research regarding the plan for gold and silver. It dovetails with your research about Putin and the feminist movement, etc, which has helped me tremendously, since economics and finance is all about human behavior, and conspiracy - the type Joel Skousen talks about.
Gold's long runup up would lull people to sleep. The fall would be sad and swift, leaving only people with broken dreams and real life nightmares. No options, except paper and debt would be left.
My open short position is much greater than my long physical. This means I am profiting more when gold and silver fall. I locked in higher prices and ride the outsized short to even more on the downside profit.
This end time boxing match is 15-rounds and all we have to do is be left standing at the end of the fight. What else can I do? Should I sit and complain as my balance sheet bleeds?
These are Luciferians, but I understand the agenda. The goldbugs and other suckers are getting destroyed day in and day out. By the time these fools wake up it will be too late.
Thank you for allowing me the opportunity to tell people all this sad and sobering stuff, which for some reason virtually all refuse to believe.
NEW UPDATE (APRIL 13)
If the gold and silver markets are as strong as many in the patriot community believe then they should not have dropped by as much as they did Friday. COMEX gold futures traded down $88.80. This price action spans from Thursday's 1:30PM gold COMEX close, to today's Globex 5:15 close. Perhaps the globalists are signaling with all those eights that they are in charge. I know that as of now, they are in complete control of the markets. Do you?
Many who try to uncover the conspiracy make the mistake to think that the US Fed is to blame. The compromised alternative media uses the Fed as the straw man enemy. However, the US Fed is nothing but one of the many fronts for the globalists. They own all the privately-run central banks and control the media, even much of the patriot community. They purposely let gold run to $1,900 and are letting it collapse now to trap all the late investors, which happen to be mostly the naïve patriots who appeared late in the game.
My concern is that they will never recover their losses in gold, as it will be confiscated before any revaluation. Do you think the NWO will let you own that much outside their system? Of course, not.
Some can go ahead and think they have the gold market figured out. But I can tell you that they have no idea what they are up against. They are simple linear thinkers in a complex non-linear world.
Anyone who thinks Beijing will flesh out the fair gold price is like expecting a football team owner to turn on another owner. They own the league. We are spectators, and both owners laugh at us while we spend our money, wave our flags, and play fantasy leagues.
PATRIOT MEDIA MAGPIES
What is the fair price of gold? The alternative media comes up with these silly formulas, saying it should be $3,000, $5,000, or $10,000 an ounce. However, the COMEX gold price is the physical gold price, period. Who writes all these blogs saying otherwise? Do you know the people writing them? It could be coming out of NSA, designed to keep people flatfooted whilst their assets melt away.
How about Paul Drockton on RBN, who says he never answered an IQ question incorrectly, and who recommends silver like a broken record. But if he was so intelligent he would have to conclude that his analysis must be wrong as his listeners and customers keep losing money. He is one of many in the compromised patriot media who keep getting it wrong, despite their "amazing" analysis.
GATA and King World News frequently refer to Andrew Maguire, the "London metal trader and whistle blower." Who is this guy? He could be a disinfo agent. I don't trust him. Today, Mr. Maguire said in an interview that most shorts are not backed up by real metal. So what? They hardly ever are.
If someone does not know the Agenda and have an understanding of scripture - which teaches a person who the real enemy is - he will be laid waste as he marches down the road to perdition fully convinced he is right.
BOGUS DATA: NO BRIC WHITE KNIGHTS
If what I think is true, this is the endgame. Thus, there is no way that we can rely on the accuracy of published data, analysis, or word press articles. In this age of lies and fabrications, it is difficult to trust family members, let alone articles written by strangers or interviews with experts on the controlled alternative media.
Do you think the CME group, owners of the COMEX, and a billion-dollar publically-traded company will provide us with accurate data? Of course they won't. They work with the USFed, US Treasury, and other central banks to deceive us. The globalists control its board of directors and they conspire with the CFTC to suppress any investigations.
Yet, many researchers go over the COMEX reports with a fine tooth comb to parse out what the big boys are doing. Gene Arensberg is one, who publishes an exhaustive weekly analysis for subscription. He sounds like he knows what he is talking about. There is one problem - the COMEX data he uses is now completely meaningless. A lot of the naked shorting takes place in the dark pools of liquidity like Project Turquoise.
How about all this import data about Hong Kong gold? You trust that? The providers of most data are the ones fixing the race and running the show.
The dollar may be dying, but it currently comprises about 60% of all currency in circulation worldwide. China knows it will take at least 10-15 years for their currency to be liquid enough to use as a global reserve currency. They need a developed credit market first. China, Russia, and a number of Mid-East and Central Asian nations are trying to proffer a gold-backed currency. They have talked about this for about 12 years, but the nations cannot agree on even the most basic items.
The central banks may be buying gold, but they were buyers in the 1970's, up to and past the 1980 price collapse. Then they were sellers during the 90's, and up until a few years ago. Since their decisions usually work by consensus they are the worst market timers. Moreover, they usually never take delivery, so the same gold may be hypothecated over and over again.
The only data that are correct are the trade and price action flow. This action is telling me that most in the patriot community are wrong. Gold is headed still lower.
First Comment from Anthony Migchels:
I agree that Gold is being busted
by the Fed and a media offensive. However, the underlying dynamic is not what Beecham is saying. The Money Power does not hate Gold, nor does it fear it. It owns it all and it has been paving the way for a new Gold Standard for decades. That's why it built up Austrian Economics and Libertarianism, to mind control the opposition to the current order into cheer leading the advent of a new currency order the Bankers have been preparing. This is also the fundamental driver behind the carefully orchestrated rise of Gold in the 2000's: Gold will be money again and the market is preparing for it.
It apparently got out of hand in 2011, when it hit $1900 and the Fed panicked.
The Petrodollar is based on the Black Gold standard and it is dying, as is the US Empire. But Central Banks all over the world are buying Gold like there's no tomorrow. Gold is assaulted by the Fed to maintain Dollar credibility, while the Money Power's international Central Banks and other insiders are very grateful for a 500-1000 dollar per ounce discount to prepare for the transition.
Beijing is telling its people to hoard specie, they know what is coming and they can't let their own people miss out entirely, considering the massive internal pressures the Chinese leadership is dealing with as it is.
But the Americans are facing a meltdown and the US Empire is in its death throes. There is only Tungsten in Fort Knox.
It is unclear how long COMEX (paper Gold) and Physical Gold will maintain parity. It will probably last for another while. But when it ends, the current currency order will die and a new Gold based one will emerge. All major units will be backed by Gold. It will lead to further deflationary pressures, hinting at a long term global depression. Universally Gold backed currencies will be quite close to World Currency: you can call an ounce a Yuan or a Euro, but an ounce is an ounce.
We are seeing the rise of a Gold backed Yuan and the assembling of a new BRICS Yuan led currency bloc. The Euro was developed to be backed by Gold and Frankfurt has enough to manage the transition. There will also remain a Dollar zone. These currency blocks will be fairly easy to integrate into the Money Power's coveted World Currency.'
http://realcurrencies.wordpress.com/2013/04/07/the-dying-dollar/
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Even the Money Printers Are Buying Gold
By Graham Summers
Posted Tuesday, 9 April 2013
Anyone who wants to get to the truth behind the inflationary threats to their wealth should ignore everything the Central Banks say about inflation and look instead at their actions.
Worldwide gold demand in 2012 was another record high of $236.4 billion in the World Gold Council’s latest report. This was up 6% in value terms in the fourth quarter to $66.2 billion, the highest fourth quarter on record. Global gold demand in the fourth quarter of 2012 was up 4% to 1,195.9 tonnes.
Central bank buying for 2012 rose by 17% over 2011 to some 534.6 tonnes. As far as central bank gold buying, this was the highest level since 1964
. Central bank purchases stood at 145 tonnes in the fourth quarter. That is up 9% from the fourth quarter of 2011, and the eighth consecutive quarter in which central banks were net purchasers of gold
Note… Central Banks, while talking down money printing and denying the presence of inflation, bought more Gold in 2012 that any year dating back to 1964. Indeed, However, since becoming net buyers of Gold in 2010, the Central Banks have been increasing their Gold purchases rapidly.
In 2010, Governments worldwide bought 77 tonnes of Gold. In 2011 it was 457 tonnes. And last year it was a whopping 535 tonnes. All told, they’ve accumulated 1,000 tonnes of Gold since 2Q09. At today’s price of $1600 per ounce, this stash is valued at over $56 billion.
The key issue here is not the amount ($56 billion in Gold purchases is nothing compared to the over $10 trillion in new money Central banks have printed since 2007), but the trend: Central Banks were net sellers of Gold for decades until 2010.
Other major investors are looking to get their hands on Gold… not the promise of Gold, but the actual metal.
Germany has the second largest Gold reserves in the world behind the US. Since the early ‘80s, it has stored the majority of these reserves with the NY Fed (45% vs. 13% in London, 11% in Paris and the remaining 31% in Frankfurt).
With that in mind, everyone needs to be aware that last Monday Germany’s Bundesbank announced it will be moving a major portion of its reserves from the US and all of its reserves from France back to Frankfurt.
Nearly half of Germany’s gold reserves are held in a vault at the Federal Reserve Bank of New York — billions of dollars worth of postwar geopolitical history squirreled away for safe keeping below the streets of Lower Manhattan.
Now the German central bank wants to make a big withdrawal — 300 tons in all.
On Wednesday, the Bundesbank said that it would begin moving some of the reserves, the second-largest stock in the world after that of the United States. The goal is to house more than 50 percent of German gold in Bundesbank vaults in Frankfurt by 2020, up from a little less than a third today, the bank said…
The new policy will include the complete withdrawal of 374 tons of German gold stored at the Banque de France in Paris, about 11 percent of the total. Bundesbank officials were quick to note that the decision was not a reflection of French trustworthiness. Rather, because France and Germany now share the euro, there is no need for reserves as insurance against currency crises.
This announcement came with the usual political statements that the decision had nothing to do with a lack of trust between the Bundesbank and the US Fed or Bank of France, but the message is obvious: Germany sees the writing on the wall and is moving to secure its Gold reserves.
The same goes for Texas:
Texas Republican State Representative Giovanni Capriglione authored the bill demanding state owned gold bars be returned to the Lone Star State. The legislation to pull $1 billion in gold reserves from a Federal Reserve vault in New York is supported by Governor Rick Perry.
The financial crisis in Cyprus which prompted a run on the bank and ultimately a closure of the financial institutions reportedly bolstered support for the Texas gold bar return bill. State Representative Capriglione had this to say about why he penned the bill:
“For us to have our own gold, a lot of the runs on the bank and those types of things, they happen because people are worried that there’s nothing there to back it up.”
Governor Perry stated that if Texas owns the gold, then no one else should be able to determine if the state can reclaim possession of the bars of precious metal. Representative Capriglione also noted that Texas is not interested in implementing its own gold standard. According to the Republican’s statements about the gold bars bill, he simply wants to bolster the state’s fiscally secure reputation. The Texas public servant also feels that such a solid financial persona would be beneficial in case an international of national fiscal crisis occurred.
The legislation notes the state does not merely want gold certificates from the Federal Reserve, they want the actual gold bars to store inside a planned Texas Bullion Depository
. Moving $1 billion in gold bars from New York to Texas would be a huge task, one some are calling impractical. State Representative Capriglione suggested selling the gold currently housed inside the New York vault and then repurchasing the same amount in Texas.
Investors forget that the single most important role played by Central Banks is to maintain confidence in the system. For that reason they will NEVER admit inflation is a problem. But if inflation isn’t a problem, WHY ARE CENTRAL BANKS LOADING UP ON GOLD?
With that in mind, now is the time to be preparing for inflationary disaster.
We’ve just released a Special Investment Report outlining the threat of inflation to your financial well-being. It’s titled, The Inflation Secrets Your Broker Won’t Tell You and it outlines three HUGE secrets that 99% of the investment community don’t know about inflation.
These include:
The surprising industry that suffers as prices soar, despite being considered "inflation proof" by many investors...
Which investment Warren Buffett loves even more than gold...
Why U.S. Treasury Inflation-Protected Securities (or TIPS) don't work — and what investment could be your best alternative.
This Report is a $79 value, but we’re giving it away for free to investors today. To pick up your free copy, swing by:
Best Regards,
Graham Summers
PS. We also offer a FREE Special Report outlining, What Europe Means For You and Your Savings.
In this report, we outline the risks Europe’s banking crisis holds not only for those in Europe, but for savers around the world. We also explain how this crisis will most likely unfold, including which areas are most at risk in the financial system. And we cap it off by listing multiple backdoor plays on Europe that investors can use to profit from Europe’s Crisis.
You can pick up a FREE copy here:
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Goldbugs Can Expect More Losses
by Thom Beecham
(henrymakow.com)
April 8, 2013
http://henrymakow.com/2013/04/Goldbugs-Can-Expect-More-Losses.html





COUNTRIES ARE PRINTING MONEY LIKE MAD YET PRECIOUS METALS ARE SINKING. WHY? BECAUSE OF AUSTERITY, THE MONEY ISN'T REACHING ORDINARY PEOPLE SO INSTEAD OF INFLATION, WE HAVE DEFLATION
"If the "collapse" takes several years to unfold, that should be long enough to destroy what wealth and sanity the naive patriots have left. This, of course, is all part of the plan, and is why I am convinced that much of the "patriot" media is compromised." -THOM BEECHAM
(Editor's Note - We are not providing investment counsel but rather presenting one investor's unconventional view. Make up your own mind.)
Beecham is a self-employed investor and trader with 17 years trading and investing experience. - See more at:
http://henrymakow.com/2013/02/What-is-Ailing-Gold.html#sthash.vDY0LSm7.dpuf
The New World Order does not want us owning assets outside its satanic tracking system. It will eventually consume everything, so gold and silver are in the globalists' cross hairs.
The contrived economic collapse of 2008 allowed the globalists to assume control of all the financial markets. Prior to this, the markets were more free and subject to natural forces. One could use economic principals and simple deductive reasoning to formulate investment theses.
Since 2008, a brand new set of synthetic economic and financial laws have arisen. Now success in investing and trading relies primarily on a person's ability to anticipate and interpret official intervention in the marketplace.
In order to get the New World financial dictatorship implemented, all major players and nations need to be on board and operate with one mind. Countries like China, Russia, and India are working with the US Federal Reserve and European Central Bank to bring this financial tyranny to fruition.
Of course, it will bankrupt the global populace. Keep in mind that a compliant and bankrupt population is much easier to exploit and control.
Those who own precious metals and firearms are not welcome to join the NWO.
Ever since the central banks and governments went off the gold standard, there has been no legitimate reason to confiscate gold. However, in order to bring forth the NWO, the central banks now have two primary jobs. 1) Do whatever it takes to keep interest rates low while countries spend themselves into bankruptcy. 2) Manage the price of gold.
With this in mind it now seems apparent that gold and silver were purposely allowed to rise from 2002-2011, in preparation for a collapse in prices that would trap most people in their "investments."
FINANCIAL CONSPIRACY
The globalists anticipated years that as more people looked for avenues to escape financially, they would have to create confusion and obfuscation in key markets, especially in precious metals.
Under such a scenario, the globalists slowly let the prices of gold and silver rise over an extended period of time (2002-2011). By the time a person overcomes his inertia and is driven by fear to buy gold and silver, both metals are already trading much higher than they otherwise would have been, and can thus be managed in a downward fashion, much to the bewilderment of the unwashed linear thinkers who are now trapped with losses.
The major governments around the world are depreciating their currencies in a very controlled and coordinated manner. Though there is talk of "currency wars," there are no currency wars. Moreover, as long as any money "printing" does not go directly to the end user - you and me, there will not be any hyperinflation.
The real beneficiaries of money printing are the globalists, their banks (which replenish their balance sheets), and the globalist-controlled governments, especially the US Federal government. Governments will continue to become more expansive and paranoid as they consolidate their power over the population. Indeed, as our personal balance sheets continue to purposely bleed red ink, these deflationary forces will offset the inflation caused by money printing. Do you see any accelerating inflation? I certainly do not. It is all part of the plan to bankrupt and enslave the population....
Ask yourself why the business channels interview people like Jim Rogers and Marc Faber over and over again. They are hardly ever right, but their messages resonate with a certain sector of the population that listens to the controlled patriot media. Everyone is an expert when it comes to religion and economics, yet they are unprincipled and broke.
I continually state that gold and silver prices were allowed to run up by the globalists over an extended period of time, so that when the predicted next stage of serious money printing was kicked into high gear they would be able to manage their prices much more easily. In addition, tracking stocks (ETFs) like GLD and SLV were instituted as vehicles in the price management scheme. When these types of ETFs started trading around 9-10 years ago, they helped boost the demand for the metals and got prices rising. Now they provide an ample supply of metal in which the globalists can dump on to the market to suppress and manage prices.
The US Treasury had high level meetings with the US Fed and senior senators back in 2002, discussing ways to keep interest rates low when the level of debt became untenable. Until a couple years ago, the findings of these meetings were actually published on the US Treasury's web site. I read them myself. They are now employing the methods discussed in these meetings. One of the objectives was to manage the price of gold. This agenda goes back a long way.
MORE OF THE SAME
Joel Skousen is probably the most astute man I have come across regarding the New World Order. I agree with his assessment that this financial Ponzi scheme can be maintained for at least another 3-4 years, and war will be averted until the end of the decade. This will be the war that will provide the US Treasury with its force majeure to cancel debt.
Can you maintain your patience that long? Can your assets hold out that long? Can you survive $15-20 silver and $1,200 gold? Do you need these assets to live? I am not saying it will get that bad, but it could. I know it will get a lot worse over the next several years. The worst aspect of all this will be the globalist-controlled media "gas-lighting" those who understand the truth, trying to get you to lose your sanity and convince you that the law of gravity has been repealed.
So, if the "collapse" takes several years to unfold, that should be long enough to destroy a lot of wealth and sanity the naive patriots have left. This, of course, is all part of the plan, and is why I am convinced that much of the "patriot" media is compromised. Who really writes for Zerohedge? If one invested according to them they would have been broke already.
The buyers of silver do not understand that the globalists can easily drop the price to below $20. It was selling for $6-7 as recently as Hurricane Katrina. The primary consumers are the corporations. They don't speculate in its price and will wait for delivery. The globalists control the boards of directors of all the publicly traded corporations in the S&P 500, and these companies will certainly not complain if "paper" silver drops into the teens.
As bad as gold is performing it is still much better than silver. If one is to get money out of the system, he should gradually buy gold. Forget silver, and somehow hedge it, so that if and when the globalists collapse the price or confiscate it, he has not lost money.
To many this monetary system is irrational, and that's because it is a very satanic system. It is the vehicle the globalists are employing to get their one-world financial dictatorship in place. Once the grid is clamped down on us, they will burn the bridge and build a new and even more satanic system. We need to overcome our subjectivity and recognize the fact we are all enslaved under a system that is so evil, it is "perfect."
I thank God there is the King James Bible, The one bible not copyrighted by the corporate beast system. Give it a chance as it is a surprisingly easy read. The Bible gives me discernment, teaches me not to look to government for answers, and to not accept lies - especially the Big Lie.
The Big Lie will strip most people of their souls in the last days. This end time system traffics in men's souls. Do not let them take your one prized possession away - your birthright, your shot at redemption. Don't be given to their contrived fear. Fear is the worst motivator in investing. It guarantees losses.
About the Author:
Beecham has an undergrad background in Math and Economics, with an MBA in Economics and Finance. He worked and lived in Manhattan for about 14 years. His last job was with Nasdaq in New York, and what he uncovered there was sobering. He personally witnessed the Trade Center collapse and lost several friends that day. However, he was still thoroughly unwashed, and his awakening did not occur for another couple years. He is in his mid-40's, reads the Bible daily, and regards it as the best psychology textbook ever written.
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State of Illinois wants a record of your gold & silver purchases
by Dr. Eowyn
Posted on April 8, 2013 http://fellowshipofminds.wordpress.com/2013/04/08/state-of-illinois-wants-a-record-of-your-gold-silver-purchases/
Rapacious heavily-indebted popularly-elected governments have only one way out of debt, and that is to take from those who have.
Cyprus has shown thieves the way, by confiscating up to
80% of privately-owned “large” bank deposits — those with €100,000 ($130,000) or more. Leftist elites in the United States already are applauding the Cyprus bank robbery. Make no mistake: The Obama regime will go after the money you have. Already, President Lucifer has a plan to limit how much we can save in Individual Retirement Accounts (IRA).
The feral [sic] and state governments know how much you have in IRAs (because you are required to include that information in your annual tax return to the IRS) and probably in your bank and 401(k) accounts as well. But what about those who own precious metals, such as gold and silver?
Never fear! The legislature of the State of Illinois — where Obama had “served” as a senator and thrice voted against the Born Alive Infants Protection Act — has a plan to find out how much gold and/or silver you own!
Illinois State Sen. Kirk Dillard (R)
The plan is SB 3341: Precious Metal Purchasing Act, introduced by Illinois State Sen. Kirk W. Dillard, a Republican. Here’s a synopsis of SB 3341:
Provides that a person who is in the business of purchasing precious metal shall obtain a proof of ownership, create a record of the sale, and verify the identity of the seller. Provides that a person who is in the business of purchasing precious metal shall not pay for the precious metal in cash and shall record the method of payment. Requires the purchaser to keep a record of the sale for one year or, if the purchase amount is over $500, for 5 years. Provides that a person who violates the Act is guilty of a petty offense and subject to a fine not exceeding $500. Provides that the Attorney General may inspect records, investigate an alleged violation, and take action to collect civil penalties.
You may think SB 3341 applies only to professional bullion dealers because the bill says it pertains to “a person who is in the business of purchasing precious metal.” Alas, nowhere in SB 3341 is there a definition of what “in the business of purchasing precious metal” means. You can see for yourself by perusing the full text of the bill below.Besides, even if the bill applies “only” to professional bullion dealers, since when have businessmen/women in the United States lost their right to privacy in their business transactions?
Wait! It gets worse!
Here’s an amendment to SB 3341, Senate Committee Amendment No. 1:

Authorizes inspection of records by local police departments. Requires reports to law enforcement on a daily basis. Exempts persons licensed under the Pawnbroker Regulation Act.On March 28, 2012, the Illinois State Senate passed SB 3341. The same day, the bill was referred to a House Rule Committee. Three House amendments have been added to the bill. SB 3341 still awaits the vote of the full Illinois State Assembly. Its sponsors in the House are Republican Reps. Patricia R. Bellock, Norine Hammond and Pam Roth, and Democrat Rep. Michelle Mussman.
(Source: Bill Status of SB 3341)
Here’s the full text of SB3341: To see the bill in pdf, go here.
SB 3341
AN ACT concerning business.
Be it enacted by the People of the State of Illinois, represented in the General Assembly:
Section 1. Short title. This Act may be cited as the Precious Metal Purchasing Act.
Section 5. Definitions. As used in this Act: “Precious metal” means any item containing, in whole or in part, gold or silver or any alloy of gold or silver. “Proof of ownership” includes a bill of sale, an affidavit of ownership, or other credible evidence showing that the person possessing the precious metal is the lawful owner.
Section 10. Requirements applicable to the sale of precious metal.
(a) A person who is in the business of purchasing precious metal, before purchasing an item containing precious metal from the same person exceeding $250 in value regardless of form or quantity shall:
(1) obtain from that person:
(A) proof of ownership for the precious metal; and
(B) a record that contains:
(i) the name, address, and telephone number of the person or the person’s authorized
(ii) a description of the item containing the precious metal, including the number of items to be sold; and
(iii) the date of the transaction; and
(2) verify the identity of the individual selling the precious metal or representing the seller from a driver’s license or other government-issued identification card that includes the individual’s photograph and record the verification.
(b) A person who is in the business of purchasing precious metal shall:
(1) not pay for the purchase of precious metal with cash; and
(2) for each transaction in which the person purchases one or more items of precious metal, record the method of payment used to purchase the precious metal.
(c) A person who is in the business of purchasing precious metal shall provide a copy of the information required to be obtained under subdivision (a)(1)(B) of this Section to the parties as specified in this subsection. The copy shall be delivered before the hour of 12 o’clock noon the day after any day the person conducts business and shall contain the information acquired by the person the immediately preceding day the person conducted business. A person who is in the business of purchasing precious metal in a county with fewer than 3,000,000 inhabitants shall submit the copy to the sheriff of that county. In municipalities having a population of 25,000 or more inhabitants that are located in counties with fewer than 3,000,000 inhabitants, a copy shall also be submitted to the municipal police department. In municipalities located in counties with 3,000,000 or more inhabitants, the report shall be submitted to the municipal police department. In counties with 3,000,000 or more inhabitants, a person in the business of purchasing precious metal whose business is located in an unincorporated area of the county shall submit the copy to the sheriff. The copy may be made by computer print out or input memory device if the format has been approved by the entity receiving the copy.
Section 15. Records.
A person shall retain a record obtained or made under this Act for one year after the date the precious metal is purchased or, if the purchase amount is over $500, for 5 years after the date the precious metal is purchased.
Section 20. Penalty; enforcement.
(a) A person who violates this Act shall be guilty of a petty offense and shall be fined an amount not exceeding $500 for each violation.
(b) The Attorney General, local police department, and sheriff may:
(1) inspect a record retained by a person under this Act; and
(2) investigate an alleged violation of this Act.
Section 25. Exemption.
This Act does not apply to persons licensed under the Pawnbroker Regulation Act.
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Gold - Confiscation of Middle Class Wealth?
by Thom Beecham (henrymakow.com) February 21, 2013
http://henrymakow.com/2013/02/What-is-Ailing-Gold.html
Do you think the New World Order will allow you to keep that much money outside their system? Of course not.
This is addressed
to those shills and "experts" screaming about $3,000 gold and $150 silver...
Do you think the New World Order will allow you to keep that much money outside their system? Of course not. It seems apparent that both metals were purposely driven up to unsustainable heights, and are being methodically beaten down in an orchestrated plan, so that we do not look to them as a barometer of financial decay. The NWO needs total obedience to their beast system and all major nations are in on it.
So stop listening to the people shilling gold and especially silver. First of all, silver is not the monetary metal it is claimed to be as 90% is used for industrial off take. Most buyers of silver are now heavily underwater. Gold is the true monetary metal of kings and nations. If you want to own precious metals, then buy gold in bullion form. I recommend accumulating gold over time as it is much less volatile and offers better price protection than silver.
However, the globalists will make it so unbearable for most precious metal (PM) investors that they will regret ever buying any. Sadly, Joe six-pack makes the mistake of choosing silver. He is inexperienced and is easily duped by the compromised patriot community. The only things he gets are capital losses and heartache.
THE FIX
There is a powerful hand guiding all the major financial markets -equities, sovereign debt, commodities, and currencies. There are hundreds of billions of dollars a day trading hands. The gold market is miniscule in comparison and the silver market is even much smaller than gold. Very little metal changes hands at any given time and even less is needed to dump the price. If the US Federal Reserve can manage the entire US Treasury yield curve, I think managing the precious metal market is a lay-up.
Early this past Sunday morning, I noticed that a collapse in gold and silver was in the works. There was a wall of sell orders at $1,650, right around the release of Thursday's US unemployment numbers. The wall was huge - indicating official-sponsored activity. Once the $1632 support was taken out I fully hedged my physical gold and silver with several front month futures contracts. I still have them in place as of this writing.
Do not forget this -all G20 nations want a low gold price, although their reasons may differ. Why would anyone think China and Russia want expensive gold prices? They want it as inexpensive as possible, just like the Anglo-American establishment. China has gone on record indicating they, too, manipulate the price of gold to their advantage. They enjoy it when COMEX is manipulated.
Many large nations are now developing ETFs like GLD, so they can use their storage vaults like fractional reserve accounts and spill the gold and silver onto the markets at key times. India is raising import taxes on gold and creating paper equivalents. When gold prices plummet overnight it's because gold is being dumped in Shanghai, Sydney, Singapore, and Hong Kong.
With their syndicate of interlocking boards of directors, the NWO also controls the major mining companies, where profit is secondary to managing the gold price. If the large bullion banks need gold and silver they contract out with their partners in price suppression - corporations like Barrick, Goldcorp, and Newmont.
Shorting gold and silver during the weekly US unemployment claims numbers is like printing money. In fact, the collusion to manipulate prices by the large bullion banks was exposed by a couple of whistle blowers a few years ago. One of them indicated the banks were using the weekly unemployment numbers release as the trigger.
These banks know we are stupid, because they still do it. Look at the price movement of gold and silver at 8:30AM every Thursday morning. Perhaps the 2/21 release will provide a respite since long PM holders already got taken out to the woodshed over the past week and the short-term selling pressure has been alleviated.
Russia and China are in on it, and are controlled by the Luciferian illuminists. I make many of my long-term investment decisions based on the findings of objective, washed, and knowledgeable people like Henry Makow, Al Martin, and Joel Skousen. Mr. Makow's writings show just how compromised and in-sync most world rulers are and how they are carrying out an agenda according to a pre-planned script. Most nations are now nothing but fronts for the banking elite and provide cover to their activities. They are essentially contrived and opposing dialectical forces.
Short of a nuclear takeout of Washington DC, which would theoretically allow the US Treasury to declare a force majeure, everything pushing gold higher, like China's accumulation, is already priced in.
GOLD SHILLS
I go to the websites like King World News, Goldseek, and Gold Anti-Trust Action Committee (GATA), and they shill the same crap day in and day out, discussing numbers like $10,000 gold and $300 silver. These guests manage billions and do a terrible disservice to readers who need to have tempered expectations. It would be great if these numbers were attained, but I am not banking on anything more than the highs already achieved.
I even wonder who some of these "broken record" precious metal reporters are really working for. Regardless, they are useful to the elite, so that Joe six-pack patriots are the last ones holding the bag and have big losses on their positions. The elite are using people like Alex Jones, Lindsey Williams, etc, to keep the naive patriots from making any money and being broke when the end of the line finally does come. I even came across a YouTube video of William Cooper discussing the time Mr. Williams hinted he helps his fellow Masons. Yes, it could be a lie, but the bottom line is that guys like Alex Jones, Ted Anderson, and Mr. Williams are not your friends.
In this end time age of universal deception very few people are your friends. I cannot even count on family members like I used to. They are too contaminated by the TV and this world to see the truth. If you cannot learn to think for yourself financially you will forever be a debt slave to the NWO. "In case you bought gold to ensure your savings, be careful because the same Freemason friend of mine told me gold is just another scam to liquidate middle class wealth. The gold price will raise for a while and when enough middle class people in the West have put enough money in it, you-know-who will crash its price in order to destroy the money trapped in it. My friend told me it could happen this year but anyway during the coming two or max. three years. I don`t know if this is true, but as I myself have bought some gold, I am prepared to react quickly."
Makow Comment: The US debt is the money supply. It will never be paid back and never has to be. Gold rises when debt becomes an issue and falls when it isn't. Basically it is a barometer of fear. In the context of the worldwide "currency wars"(massive money printing), it should have been rising, like oil. Instead it has been falling, a sign that it is fixed or driven by psychological factors.
Afterthought by Thom Beecham
The problem is that most people have a preconceived notion of what they think is right. Thus they follow websites that conflate with their subjective opinion.
For instance, many in the "truth" movement - whatever that means - believe the economy will collapse tomorrow. thus they visit websites that conform to this subjective view, no matter how flawed their understanding is.
They visit sites like Infowars.com, zerohedge.com, etc. to get reaffirmation of their static worldview, and will hold gold all the way down, convinced they are right. It's like trying to convince a democrat that being a republican is the way to go. Anything you say to the will cause "backfire."
By the way, Zerohedge.com is a stopped clock. Twice a day it is correct. Anyway, who really writes for it? They don't let us know who Tyler Durden is. I noticed a gradual degradation of the quality of its articles over the past few years. It now sounds like the controlled patriot stuff now with some obscure, esoteric terms thrown in to keep you reading.
In trading and investing this is the most important rule:
The price of the asset is correct and the trend, based on news flow, determines where it should go.
I see gold and silver. The news could not be more bullish, yet the trend is clearly down. I can talk about how gold never goes to zero and sit on my hands - similar to a wilfully ignorant fool whistling past the graveyard - or I can lock in profit. Notice I never said to sell your gold, but gold is traded like a commodity and one can hedge at a certain price level. All I did is say that there is clearly more downside to come. I won't cough up any gold, but will lock in a price level with futures contracts.
If the news becomes any less bullish, look out below. Why did gold drop so much the past several days? Technicals were breaking down and the USFed came out on Wednesday throwing only a little water on the fire. That shows you that there are many people wanting to throw in the towel on gold and silver. Shorts (people who bet on price drops) jump on board and ride it down.
Only the foolish person doesn't heed the warning of the most important rule in trading and investing. Any guy can say my gold is worth so much, etc. But that silly mindset is like trying to convince a house seller that his house is only worth $250k when he has it listed for $400k.
I see the trend in gold and silver long term from 2002 and say that the buyers back then knew this was going to happen and bought in anticipation. I bought all mine in 2005 right after Katrina. I knew these things were about to happen, while most of you were flipping real estate. I sold six rentals between August and November 2005, and parked it in metals. Learn to listen. Greenspan and Bernanke were talking on Capitol Hill about how the USFed didn't cause the bubble, but they were going to pop it. Remember how rates were being raised. Bush, Jr. said it would take about 1 trillion to fix the damage from Katrina and Rita. I knew from watching Oil Storm a couple weeks prior that Katrina was man-made, and the next step to bankrupt USA, Inc. was underway.
I am up an awful lot. I can sell to you, but I won't. I will lock in some paper profit for now. The smart people were buying back then in anticipation of what was to come. I knew as soon as gold broke $450 resistance it was time to buy with both hands. Now for many it's time to reap their reward. Gold and silver could go up much more, but this wash out needs to happen. After reading the posts here I know there is more downside to come. People are just too bullish.

About the Author:

Beecham has an undergrad background in Math and Economics, with an MBA in Economics and Finance. He worked and lived in Manhattan for about 14 years. His last job was with Nasdaq in New York, and what he uncovered there was sobering. He personally witnessed the Trade Center collapse and lost several friends that day. However, he was still thoroughly unwashed, and his awakening did not occur for another couple years. He is in his mid-40's, reads the Bible daily, and regards it as the best psychology textbook ever written.
Beecham is a self-employed investor and trader with 17 years trading and investing experience.

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Also See:
Buy Gold and Silver!
and
(Part 3)
07 September 2011
and
Alternate Media, Ron Paul, Gold, Austrian Economics and More!
10 June 2012
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