Gold and silver market manipulation ... 
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- The G-20’s Secret Debt Solution Newport
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This is a reply to # 1,299,775
http://www.moneyandmarkets.com/the-g-20s-secret-debt-solution-27996
The Big Question: What gold price would be legislated to reflate the U.S. and global economy?
I can’t tell you what gold price the G-20 would ultimately agree to. But here’s what they will be looking at …
- To monetize 100% of the outstanding public and private sector debt in the U.S., the official government price of gold would have to be raised to about $53,000 per ounce.
- To monetize 50%, the price of gold would have to be raised to around $26,500 an ounce.
- To monetize 20% would require a gold price a hair over $10,600 an ounce.
- To monetize just 10%, gold would have to be priced just over $5,300 an ounce.
Those figures are just based on the U.S. debt structure and do not factor in global debts gone bad. But since the U.S. is the world’s largest debtor and the epicenter of the crisis, the G-20 will likely base their final decision mostly on the U.S. debt structure.
So how much debt do I think would be monetized via an executive order that raises the official price of gold? What kind of currency devaluation would I expect as a result
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Saudi Arabia Buys $3.5 Billion Of Go... Newport
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This is a reply to # 1,299,780http://www.gold-eagle.com/editorials_08/pcooper111408.html
Have Gold & Silver Prices Reached A Tipping Point?
Peter Cooper
14 November 2008
There has been an unprecedented surge in Saudi gold purchases in the past two weeks with over $3.5 billion being spent on the yellow metal, reported Gulf News citing local industry sources.
Gold market expert Sami Al Mohna told the leading regional newspaper that this buying had substantially increased the gold reserves of the country: ‘Many Saudi investors see this as the right time for making investments in gold as the price is the most reasonable one at present’.
He said gold was seen as a traditional safe haven at a time of global financial turmoil. Gulf regional stock markets have fallen very sharply since early October, leading to an exodus of cash which needs to find a safe haven.
Gold is currently trading at prices similar to a year ago, and 30 per cent off its March peak. Saudi investors clearly think this is the right time to buy and are piling into gold.
News about the Saudi gold rush is bound to fuel speculation about the alleged large physical gold transactions that have been taking place at prices will above the spot price set in the futures market. It is very unlikely that such a large hoard of physical gold could have been bought for the depressed current price.
Market analysts such as the legendary gold bug Jim Sinclair have pointed out that if less than two thousand millionaires insisted on delivery of physical gold at the end of their futures contracts, as is their legal right, then the spot gold market would jump to new highs.
Saudi Arabian investors have spotted a bargain, and it may be a much better one than they think.
Peter Cooper
www.arabianmoney.net
Freelance journalist & author
Dubai Media City
Dubai, United Arab Emirates
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- The G-20’s Secret Debt Solution Newport
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