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Kamis, 16 September 2010

GOLD PRICE : SAY BIRDS Canary START OFF

Small bird canary (Serinus Canaria domestica) living in the vicinity of coal mines - typically will die first if it appears mined carbon monoxide, methane gas or other toxic gases that exceed safe levels. The mine workers must immediately leave the mine when I saw this in the dead canary Butung. Canary bird becomes a kind of 'early warning system' for coal miners - that emerged metaphor in English that read "canary in the coal mine", which means less than it was early warning.

Early warning is what Alan Greenspan warned by former Chariman of the Fed during the two decades in the last quarter century. We know in terms of fiat money - money that has no intrinsic value, its value does not depend on physical objects - people know the main players of the world economy is the Fed was American. The value of U.S. $ which is 'controlled' by the Fed this effect directly or indirectly to the entire world economy because the U.S. $ is also a reserve currency in almost all countries in the World. People are very crucial in the 'control of the value of U.S. $' is in America in recent decades Alan Greenspan yes to the above - who served as Chairman of the Fed for 20 years until his retirement four years ago (2006).

The irony is 'teacher' fiat money world is apparently also does not believe in the value of fiat money itself. In his statement before the Council on Foreign Relations, published in The New York Sun two days ago for instance, Greenspan pulled out some 'confessions' which unfortunately did not he remove it while he still served first. Some recognition that shocked the pengagung include fiat money is as follows:


"Fiat money has no place to go but gold,"

"If all currencies are moving up or down together, the question is: relative to what? Gold is the canary in the coal mine. It signals problems with respect to currency markets. Should central banks pay attention to it. "

Greenspan conviction against the gold for 20 years in office he actualised by keeping the U.S. $ to keep it out far from the value of gold. In early August 1987 he served in gold prices stood at a monthly average of U.S. $ 461/Oz, when the retirement end of January 2006 the average gold price of that month stood at U.S. $ 549/Oz. In the pengelolaaannya, gold price in U.S. $ 'only' has increased by 19% in 20 years.

Compare for instance with his successor Ben Bernanke is not yet five years in office, the price of gold was not controlled in U.S. $, up from a monthly average of U.S. $ 461/Oz January 2006 to an average of U.S. $ 1.250 / Oz this month, or an increase of 171% in less than five years!. Ben Bernanke is not entirely wrong indeed, but at least it also reflects the lack peduliannya as Chairman of the Fed to the price of gold - which should be an early warning instrument for the purchasing power of paper money.

Unlike its predecessor Greenspan relatively able to control the purchasing power of U.S. $ to gold because the price of gold as an early warning for fiat money under its control, "... gold is canary in the coal mine ...".

Because of his ignorance of the controller fiat money now, "... the birds canary in a coal mine ..." has been on dying and some dead, in the form of gold prices that surged 171% in U.S. $ for less than five years, or in the amount jumped 160% in the same period (the gold price USD 140 000 per gram in January 2006; Rp 365.000 / g September 2010), then now is the time - 'the quarrymen' - like us-we are to save themselves.

"The sentence wisdom (words of a good / wise) is the weapon of the believers, wherever he got it then he is more entitled to take it" (Narrated by Tirmidhi / Ibn Majjah)

SOURCE :
http://www.emas24.com/index.php?option=com_content&view=article&id=157:harga-emas--bila-burung-burung-canary-mulai-mati-&catid=27:new-to-joomla&Itemid=44

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