ISIS - the first state with gold currency? no, kelantan (malaysia) was faster ...

no, there are gold dinars and silver dirhams circulating in the province of kelantan in NE malaysia and few other provinces in malaysia and indonesia since 2006. although the gold and silver coins are not legal tender (official currency) and there are some restrictions and difficulties (especially are the coins are too expensive in relation to their metal value), they are there and used in many ways as an exchange currency, gift or a storage of value. please move to wikipedia for more information about kelentanese precious metals currency :-)

btw, i'm going to kelantan next easter in order to visit kota bharu, the perhentian islands + taman negara NP. well, maybe i will come back with some golden dinars and silver dirhams :-)

source here

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in the last few days, there have been many articles in the western media about the planned gold currency in the ISIS controlled region of northern iraq and northern syria. of course, ISIS is not the appealing character out there, but in any case one who tries to break the hegemony of the western financial central bank mafia and its regular + charged armies (NATO + foreign soldiers groups) and to protect own lands and people. how? well, gold + silver + copper can't be printed by FED, ECB, BoE & Co. like their small dirty freshly printed dollars, euros & pounds which are used to buy anything they want to all over the world (without working for and saving that money in the 1st step) or even money used to kill people around the globe in countless western imperialistic wars like the ones against iraq, libya, afghanistan, syria which are the reason ISIS formed itself in the first place, if you asked me. .... a currency which befriends from “tyrannical financial system imposed on Muslims” as explained by ISIS in the released 17-minute audio recording purported to be of their leader, Abu Bakr al-Baghdadi. The speech also claimed that western powers “feared Muslims’ wealth and goods of our land, which they plunder”.

source of picture+story : daily mail

where is ISIS going to get all the money needed to buy gold + silver + copper for its currency? even if according to many internet sources ISIS was financed + trained by the CIA + saudi arabia + qatar (quatar), today gets ISIS (or IS) most of its money by selling oil to smugglers in the controlled regions of syria + iraq. 

and yes, as long as the coins will have their intrinsic value because of their metal content, there is no need for any central bank, of course. 

a similar article by financial times here, where few of the proposed coins are described: 

• golden dinar coins ~ the highest-denominated 5 dinar coin is set to contain 21.25 grams of 21 carat gold, worth about $694 at current rates 
• silver dirham coins ~ in value from 45 cents to $4.50
• copper flous coins ~ down to its lowest-denominated 10 flous coin with 10 grams of copper worth about 7 cents

well, many of today's wars couldn't be fought if all money would be gold, silver, copper or other solid stuff which was worked out and saved/invested for such a purpose, especially those carried by bankrupt western countries like USA, UK, france, germany and their small dirty north atlantic terror alliance (NATO) for decades ...

conclusion: terrorists' group against financial central bank mafia. hmmmmm, strange times we live in .... 

... more thoughts on money + society ...

what is the value of money?

anyone out there who still believes in fiat money and the ability of 'our' elites and their small dirty politicians to fix the current debt + paper money mess?

year of the dragon => year of the snake => gold standard is back :-)

you also do not think this paper money orgy could go much longer, do you? napoleon III neither does, he still sticks to his era 1854 :-)

friends, i've already written a lot about money and uploaded few nice pictures how money developed / changed as the times went on, even the relationship between money and happiness have been addressed by myself before (e.g. here), but you know what? there is one special reason i write this blog post today: the last week was a real blood bath for gold / silver bugs at the wall street, you know? so sad ;-(((

ok, let's sum up: the most valuable things on earth like health, happiness, freedom, love, home, family, joy, intact nature, etc we cant buy with money. of course, we can buy a doctor, sex, a house ... but this really important stuff ... hmmmmm ... well, i will better go to bed now and try to think about this kind of stuff later on ;-)

let's finish this blog post with few old, old, old quotes by voltaire, the french writer born november 21, 1694:

source: wikipedia

• don't think money does everything or you are going to end up doing everything for money
• when it's a question of money, everybody is of the same religion
• paper money eventually returns to its intrinsic value - zero
• in general, the art of government consists of taking as much money as possible from one class of citizens to give to another

voltaire spoke not only about money, my dears

• history in general is a collection of crimes, follies, and misfortunes among which we have now and then met with a few virtues and some happy times 
• history is filled with the sound of silken slippers going downstairs and wooden shoes coming up  
• history supplies little beyond a list of those who have accommodated themselves with the property of others 
• it is forbidden to kill; therefore all murderers are punished unless they kill in large numbers and to the sound of trumpets => what about the north atlantic terror organisation (NATO) and its crimes in iraq, afghanistan, libya, syria, ... ?

~~~

what about fair precious metal currencies? or any other fair currencies (e.g. backed by working hours or any other model based on work provided today and 'conserved' for a use later)? or what about a needs-based-economy completeley without money as the society provides food, clothes, roof above the head and so on for everyone but no one accumulates money ('wealth') in huge scale?

go gold bugs go and let's crash the powers of the fraudulent financial-military complex :-)

eof

2012 ~ my financial disaster is over

my performance 2012 + outlook 2013++

the real year end numbers will be coming soon, right after the u.s. + canadian markets close or tomorrow if i should be already too drunken in order to forget 2012 asap ... but i can tell you right now, this year was a disaster not only for my buy-and-hold mining stocks portfolio like in 2011 but also my micro trading account suffered a lot. why all of that? unfortunately, mainly because the real world out there did not fit to my believes about the world, economy, markets :-(

• my micro trading account ~ re-opened after 7 months break in may 2012 ~ strategy: long only commodities like oil, silver, orange juice, coffee, cocoa, wheat, corn, sugar + natural gas ~ mainly with stop loss orders and profit taking orders ~ approximately minus 2,000 €uros i.e. minus 67,30% => omg :-(
• my investment account ~ strategy: buy-and-hold mostly mining or explorer stocks from the sectors gold, silver, base metals (especially copper + iron) plus some green energy and technology ~ approximately minus 74,000 €uros, the percentage is difficult to compute as i did often add new money into new or existing positions, but i guess the loss in 2012 was about 20% => omg, omg, omg ... all of my 2010 fictive profits are gone and 11% of initially invested capital is gone with it ... omg :-( ... btw, the most relevant underlyings for my stock positions gold and silver were up 7% and 8% in 2012 respectively. not too bad, wouldn't you say? well, the markets do not have to be rational all the time :-(((

anyway, let's hope the upcoming year of the snake (= 2013) will be much, much, much better for commodity investments than the year of the dragon was ... or at least that i will be able to adjust my strategy to the real world in the financial markets :-)

my outlook for 2013? not much different from previous years ... even if the current markets play the deflation card with falling commodity prices all over the board, i believe that the reckless money printing by our western governments and their small dirty central banks ECB, FED, BoE, SNB, BoJ, etc. will finally cause inflation, inflation, inflation with rising commodity + cost of living prices; the protectionism will cause a collapse of trade and the economy; the financial-military complex  will start a NATO war against iran even if iran did not threat any other country in the last few hundred years (unless the west would succeed to corrupt or assassinate iranian leaders or to 'buy' an al-qaeda / muslim brotherhood driven 'revolution' in iran ... do you remember the war template used in iraq, libya, syria?).

any other forecast? yes, the fraudulent debt + phony economy system will not survive 2013 as its lifeblood, the paper money system, will finally crash. why a monetary reform right in 2013? well, mainly because the system didn't crash in 2012, my dears and because there is a rising awakening and awareness all over the world, so there will be less people who will accept the power elites' solution which in the last few decades always was money printing + reduction of democracy + rising surveillance of own citizens + the like. just consider, 4 years after the stock market crash of 1929 came the great depression. now, 4 years after the crash of 2008 and after our current corrupt leaders made already similar mistakes as the past leaders did 80 years before (e.g. protectionism or the huge misallocation of capital through government's stimulus), the economy should reach the same disastrous state like it have had in 1933 i fear ....

anyway, go gold bugs go and let's finally crash the fraudulent fiat money system in 2013. yeah, let's make a better 2013 or at least a change for a better world :-)

source: here

eof

where is the GOLD? queen elisabeth knows for sure ;-)

one hundred trillion dollars? yep, the largest denomination currency ever issued. friends, i'm a trillionaire now, you know?

where the hell is the land of trillionaires?

zimbabwe's dictator mugabe needed approximately 10 years to destroy the switzerland of africa (rhodesia) and 'create' economic collapse + hyperinflation + poverty all over the country ... how much longer will need 'our' fiat money mafia consortium FED, ECB, SNB, BOE, BOJ and their small dirty buddies, our current politicians to do the same to our communities? any guess out there?

btw, does it make any sense to keep / save / heap up paper money? no, just ask the billionaires. they count on GOLD and they make sure there is all their GOLD, not any IOU papers, you know?

source: here

queen visits (audits?) the bank of england's gold reserves ... wanna see the video? here we go for gold (watch out, the link refers to mainstream media, thus some stupid advertisement comes first, the story second, next advertisement after that ... omg ;-()

btw, do YOU still believe in paper currency? don't be that stupid and yes, here are some reasons why you shouldn't waste any time and GO FOR GOLD :-)

what is the value of my one hundred trillion zimbabwe dollars? zero, of course. why? well, every paper currency finally returns to its intristic value, which is zero. just ask voltaire, my dears.

just in case you wonder where i've got that nice zimbabwe bill, it was a stark reminder of how bad things can actually get from my friends at my gold & copper exploration and royalties company, EurasianMinerals (EMX).

go gold bugs go and let's CRASH the fraudulent fiat money system NOW :-)

addendum january 2nd, 2013: folks, i have bought few more EMX shares as i have decided to sell part of my orko silver shares (recently taken over by first majestic silver) and put the money in companies where the story + fantasy isn't over yet ...

eof

EnWave = next level of dehydration

the future of dehydration technology? who knows, but ive spent a nice investor lunch event in munich yesterday :-)

source: http://www.enwave.net/

well, despite temporary ups and downs, on balance my investment didnt move an inch since early 2010 (in €uro terms), but i somehow feel its gonna be good what these guys create so i bought few more shares on market opening, u know? of course, if u asked me i prefer natural blueberries, strawberries, ananas, women to dehydrated ones ... and i dont like bacteria, vaccines and the like at all (no matter if natural or dehydrated), but there are for sure applications esp in the food and medicine industries which use all that dehydrated stuff, so what?

why do i think this technology and enwaves royalty model will succeed? it is simply the fastest and cheapest technology ... and yes, you only need a microwave and some vacuum. easy, isnt it? there was some slide in the presentation which tells ya anything but enwaves 'REV' dehydration approach is rubbish, but it is designed rather 4 technical people not homo sapiens financialis like me :-)

source: http://www.enwave.net/

of course, the CEO john mcnicol told s.th. like it is not that easy to reproduce this technology that every competitor and every useless creature like myself could do it by themselves at no costs and no know-how and then sell the idea 2 nestle, danone, novartis, roche, merck ... and become rich over night ...

anyway, that brings me to next brilliant jaro gruber concept, my dear! i gonna dehydrate my investment ideas, thus keep them fresh for loooong periods of time and sell them 2 FED, ECB, goldman sachs, JPM, RBS, BoE, BoJ, pboc, deutsche bank and all other financial mafia institutes which have enough money 2 pay 4 that or have access 2 taxpayers money or both.


cheers! 

do central banks know where will the gold price go?

folks, there is a lot of discussion about the selling of 200 metric tonnes of IMF's gold to india's central bank this week and what does it mean for the gold market ...

well, i personally would NOT OVERVALUE the fact that a central bank sells/buys gold. why? they are soooo often WRONG on timing!

a) just think about the selling by the swiss central bank (and other european central banks) in the last 2 years ... ALL OF THEM WERE WRONG, as we know the gold price continued to climb up

b) let's laugh together about the BoE and its gold selling orgy in 2001 (?) triggered by gordon brown (that time secretary of finance in UK) => he or more precisely the UK citizens got the LOWEST POSSIBLE price for centuries ... it WAS the market bottom ... lol ... gordon brown's gold dip ...lol... ok folks, do not laugh too loud about gordon, maybe was his 'smart move' somehow motivated ... we do not know to whom he was obliged at that time and who's favor was that historical purchase at the soooo obvious bottom price ...

c) central banks do not sell their gold on me or my neighbor , so in the most cases when one central bank sells gold, so is an another central bank buying gold (e.g. IMF 2 india), just the corrupt mainstream media emphasize the selling side of the coin, of course, crazy gold bugs like me see just the other side ~ central banks are buying gold (india, russia, kazakchstan, petro-arabia, venezuela, sri lanka, china, ...)

d) the selling/buying of central banks is IMO triggered much more politicaly than triggered by some market fundamentals ...

=> do not waste too much time on central banks and their gold selling/buying motivation ... watch physical demand/supply instead ... the mine production is decreasing since few years (peak gold!), the demand is rising esp. the investing folks' demand through ETFs, coins, small bars ... and on top the central banks all over the world print sooooooo much new paper money that we will finally loose the last grain of confidence in it soon...

...

good-bye, you damned fraudulent fiat money system! welcome, next monetary reform on planet earth :-)

just my 2 golden cents :-)

btw, wherever the gold will go, GATA's newsletter will tell us first ...

(source: http://gata.org)