Gold hits $500 an oz....Kentroversy's take

[jonnygemini]

via: Godlike

also:
www.silverbrothers.com/010306.html

Re: GOLD at $526; SILVER at $9.04 and RISING ! Sky's the Limit !

URL CHANGED AGAIN!

VK Durham works, but the story goes:
"Last evening I received a call in which the caller alleged AS OF 12:05 JAN 1, 2006 THE FEDERAL RESERVE WAS DOWN.
Lets all work together and find out if the callers "rumor" or 'heads up' last night (Jan. 1, 06) has legs to walk and wings to fly.

FarSight3. Very astute and on the target observations in your article .

Lets TALK about YOUR MONEY! Or, to be more direct.. Lets talk about the MONEY, THE EQUITY, THE CONSTITUTION, THE RIGHTS, THE CIVIL LIBERTIES, THE TREASURY "TRUST" OF WE, THE PEOPLE to wit;

Even though the BCCI "Billionaire Boys Club" and THE TEXAS TWO STEP which you can read over on TheAnteChamber at tried, and tried to OVERTHROW THE Xth Amendment Government with the CONTRA SHADOW GOVERNMENT COUNTERFEIT US DEBT INSTRUMENT OPERATIONS (Orchestrated by Bush & Clinton Cabal) which you can also read and listen to on our site... Contrary to the Counterfeiting Operation... The OLD BOYZ got caught double dipping and Cooking the Books and OFF LEDGER BANKING..

Last night I was told THE REAL BOOKS at the FED had been laid wide open...(about 2 weeks ago).. and the entire OPERATION had been exposed in a very unfavorable situation for the FEDERAL RESERVE.

I was also told last evening: The OLD TREASURY is stepping up. The Old TREASURY is not responsible for the DEBTS of the CORPORATE TREASURY and FEDERAL RESERVE (which Clinton unconstitutionally joined at the hip by Executive Order back in 1994).

I was further told last evening: They had tried to foreclose on THE U.S. of A. but COULD NOT due to the DURHAM HOLDING TRUST holding the OUTSTANDING DEBT in TRUST as THE DULY CONSTITUTED, PRIMARY, OUTSTANDING CREDITOR OF THE U.S. of A.

When the CIA Actutarial Services did the Calculations per the CONTRACT back in December 1988 and NOTARIZED the Calculations calculated from May 1, 1875 to May 1, 1990 on the "Graduating" 7% Semi Annual Principle and 7% Semi Annual Interest due and payable in AMERICAN GOLD DOLLARS, GOLD COIN, GOLD BULLION and/or COIN OF THE REALM the amount due on the interest on the interest was $206,858,581,465,280,000,000.00 (this did not include the Interest on the Principle-Principal).

Take a good look at that figure. Take 48% of the amount, split it into TWO parts...and those two 24 PERCENTILES due and payable in AMERICAN GOLD DOLLARS, GOLD COIN, GOLD BULLION and/or COIN OF THE REALM; Belongs to WE THE PEOPLE and LATIN AMERICA.

THAT IS YOUR EQUITY! It represents everything that has been illegally and unconstitutionally taken-stolen from THE AMERICAN PEOPLE by Criminal Corporations since the 1860's-70's..and more particularly since 1913.

OLD TREASURY kicks in...if what I am told is true..and this nation is once again backed CONSTITUTIONALLY by GOLD & SILVER...

Contrary to the MAL-ADMINISTRATION, MISFEASANCE, MALFEASANCE, EXTORTION, VIOLATIONS OF "RICO STATUTES", VIOLATIONS OF OATH OF OFFICES OF PUBLIC TRUST: Your EQUITY as Free Americans has been restored...EVEN IF THE EKKER'S "CUT A DEAL WITH THE CORPORATE US & FED RESERVE and CFR, along with CLINTON & BUSH" it matters NOT!

EX-Post Facto Laws...are without merit and without standing in regards to the Government of We the People and our Inviolable, Inherent Rights and Civil Liberties... Presidents cannot LAWFULLY "Alienate the Law of the Land from We the People"..nor can the U.S. House of Representatives. They cannot give 'powers' to the president or any other... THE POWERS THEY THEMSELVES DO NOT POSSESS but are RESERVED TO THE PEOPLE.

KEEP IN MIND: The busters are "leined" the leins are recorded of public record and the leins were posted on the GOLD TRADERS BOARD several years ago.. (2001). ALL OF THE COMPANY OF THE UNITED STATES OF AMERICA, THE CORPORATION OF THE UNITED STATES OF AMERICA, AND ALL "DEBTORS" OF THE U.S. of A. Xth AMENDMENT GOVERNMENT IS LEINED. ALL THE GOLD IN ACCOUNTS, DEPOSITORYS, REPOSITORYS KNOWN AND YET TO BE KNOWN WHERE-EVER SITUATE IS LEINED.

Thank you Ghostwolf for posting THE MONROE DOCTRINE .. Hopefully our leaders have the ability to read and understand the meaning of these old Agreements, Doctrines, Treaties and so forth..

Hopefully you will study CONTRA FALL-OUT: MONEY LAUNDERING AND CORRUPTION; THE PRETENDERS . You should download all of this because its going to get 'hot' out there..

LaSteve is ill..he had major surgery and my articles will not be on for a while. You, however are strongly encouraged to visit the site and go through the Archives and Documents Sections..

If the 'rumor' is true that THE FEDERAL RESERVE IS DOWN that is the best NEW YEAR PRESENT We the People could possibly have... WE HAVE OUR CONSTITUTIONALLY MANDATED "GOLD & SILVER EQUITY BASE BACK."

The TRUST is filed in IDA COUNTY IOWA County Recorders Office, Ida Grove, Iowa. The TRUSTS Purpose and Intent, Articles of Incorporation are formed in such a fashion it fits like a 'glove' protecting THE CONSTITUTION OF THE uNITED STATES OF AMERICA.

Its time you got familiar with THE TRUST and SET YOUR EQUITIES BACK IN ORDER.

[jonnygemini]

FOCUS: Gold Mkt Too Small For Chinese Diversification

By Andrea Hotter

Of DOW JONES NEWSWIRES

LONDON (Dow Jones)--The world gold market is too small for China to achieve any meaningful diversification into the precious metal, leaving it likely the country will instead follow a more cautious, dollar-bound investment path, analysts said Monday.

Sentiment towards gold has been boosted since Friday, when it was reported that China may start to diversify its foreign exchange reserves away from the U.S. dollar and government bonds.

Hu Xiaolian, director OF China's State Administration of Foreign Exchange, said in a statement last week that the agency plans to "further improve the structure of currency assets in the foreign exchange reserve portfolio and continue to broaden foreign exchange reserves' investment channels."

Taken by many market participants to be a plan to move into gold, the precious metal jumped from an intraday low of $523.15/oz to around $540/oz as the possibility was widely welcomed by gold traders. The metal reached a fresh 25-year high of $544.40/oz Monday.

According to World Gold Council data, China has around 600 metric tons of gold in its holdings, about 1.1% of its total reserves. This ratio is tiny when compared with countries such as the Netherlands (722.4 tons or 51.3%) or the European Central Banks (719.9 tons or 20.6%), but closer to the gold reserves-holdings ratio of Japan (765.2 tons or 1.3%). But analysts remain skeptical over the likelihood of an aggressive move into gold.

"We view China's ability to raise gold holdings to a meaningful level for diversification as constrained, as the gold market is too small for this to happen without a serious price distortion," said Barclays Capital analyst Yingxi Yu.

"If it were to raise (its gold holdings from 1.1%) to 10%, it would absorb some 4,680 tons, or around two years of global mine production. Investing in other commodities like oil and base metals would be more possible, or the outcome could well be a combination of elements from different asset classes," she added.

To bring China in line with other international standards is unlikely, said HSBC analyst Alan Williamson.

"For China to raise its gold in reserves to the international average of 8.9% would require the purchase of an additional 3,613 tons," said Williamson. "For China to raise its gold in reserves to the ECB benchmark of 15% would require the purchase of an additional 6,501 tons," he added. By comparison, most European national banks have agreed to limit their total gold sales to 2,500 tons in the five-year Central Bank Gold Agreement, signed in 2004.

"The bulls in the market would argue that at a sharply higher gold price - an inevitability if China and/or Japan did begin to buy gold on the open market - the volumes required would be commensurately lower. Nevertheless, liquidity remains a key consideration," Williamson said, adding that his statistics are based on a gold price of $528/oz.

Williamson said it was more likely China would look at utilizing the gold reserves in a "more pro-active manner." "Rather than accumulating U.S. treasuries, for example, the Chinese government could use the reserves to secure energy and other commodity resources overseas."

But he pointed out that such a strategy isn't without its problems, as last year's attempted purchase of U.S. independent oil producer Unocal by Chinese oil company CNOOC proved. The $18 billion deal ran into significant political pressure in the U.S. and was abandoned last August, with Unocal subsequently purchased by Chevron in November, Williamson said.

A further problem comes from the fact that should China stop acquiring U.S. dollars with its reserves, the greenback would come under extreme pressure, something the Asian country has been keen to prevent in order to protect its export sector. For this reason, U.S. dollar-denominated treasuries and bonds look likely to remain the most desired assets for the Chinese, analysts believe.

Also, it's still uncertain whether or not increased volumes of gold changing hands at the gold fix in recent weeks are anything to do with Asian central banks buying gold.

"We have no way of knowing if this is true," said UBS analyst John Reade. "We have no evidence that central banks in the region are adding to gold reserves, but we noted a lot more interest in the metal than we have seen in recent years," Reade added.

Spot gold fixed in London Monday at $541.50/oz.