But the Fed has a plan to “fix it,” and it is not a warm fuzzy for us. First, the metals dealer said that the Fed was planning a slight-of-hand gold confiscation through gold buying parties. The ruse goes like this: in the beginning of 2008, you will see full-page ads in newspapers, magazines, TV ads, billboards, all promoting gold buying parties across the country. He said the IMF, along with the Fed and the other central banks in the world would run gold up to $1,000 an ounce, leave it there for a little while, and then knock it down a notch. The ads will say something like, “Sell your gold for cash. Gold is at an all time high. Now is the time to sell your gold, your jewelry, your rings, your pendants, anything gold you have; bring it in and get top dollar while gold is at an all time high.” Of course, selling gold is a hand-in-glove move now because of the bad economy when millions have lost their jobs and are strapped to pay bills. As I write this little narrative, these gold buying parties are still going on.
http://www.321gold.com/editorials/gronvall/gronvall082809.html
http://www.321gold.com/editorials/gronvall/gronvall082809.html
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