Daily Archives: 2011-10-09
“The British Constitution Group
“How Gold and Silver protects you from the coming western world debt collapse
By Stefan Krämer
Gold and silver are in a long term bull market since the year 2000. Starting from 279 $/oz to 1,659 $/oz or 595% in gold. Silver moved from 5.30 $/oz to 32.30 $/oz or 609%. In the same time the total supply of US Dollars has increased from $1.8 trillion to over $14 trillion or 777%.
The pricing of gold in the US-Dollar, Euro and British Pound is nothing more than showing how much the currency has become weaker or stronger. Meaning a high gold price indicates a weak currency, a low gold price shows a strong currency.
Historically gold and silver were always used as money and their value was stable for centuries as goods were measured in precious metals. Later a gold-dollars standard came along with the US-Dollar being as good as gold. But then in 1971 the US-Dollar changed from being a gold currency into a paper currency. A gold currency means that every note is backed by the exact amount of gold. Meaning if the money supply increases, the total amount of gold backing the notes increases as well.
Paper currency (Economic term is fiat-money, the Latin word ‘fiat’ means ‘Let there be money’) is backed by the promise of the government. Money gets created out of thin air. More often than not the circulating notes are backed by government bonds and can therefore be increased easily; the government needs only to create more debt and the Central Bank prints the money – that is the way it works.
With every Dollar, Euro and Pound that is freshly printed the currency looses a tiny bit of purchasing power regardless in what invested.
Now here are two historical facts that are important to know: First without any exception Paper money systems have always collapsed at the cost of the normal person. The value of people’s savings lost 90 to 95%. (Please read: This time it’s different, 800 years of financial folly ISBN-13: 978-0691142166)
Second, is that there was no more debt than today. And there are only two solutions to the current debt crises:
1 Default on the debt or
2 Print money to pay for it
Governments are not showing any resolve implementing austerity programs and either of the two scenarios above is bullish for gold (and silver).
Governments do not like gold as money. For example every member-state of the International Monetary Fund (IMF) not allowed to have a gold backed currency (See IMF Articles of Agreement http://www.imf.org/external/pubs/ft/aa/ ). All the Western Economies are IMF members and that means all major currencies, like the EURO, British Pound, US-Dollar, Canadian Dollar, Swiss Franc, etc. are all paper currencies.
In Summary gold and silver have always worked as a store for wealth – and the whole western world runs on paper which is backed by nothing. If gold and silver are to be viewed as money and not as an investment it’s easy to see how the precious metals can protect ones wealth. So it’s more important than ever to hedge against a likely currency devaluation. Even a small share of 10 to 20% of your portfolio will turn out to be a smart move.
Many market insiders like Jim Sinclair who is one of the world’s most knowledgeable gold experts (www.jsmineset.com) predict a stratospheric rise in Gold in the coming years. Jim Sinclair sees gold at $5,000/oz in the next few years.
Gold (and silver) is best bought and held physically in bars and/or coins. There are many options available but only the direct physical ownership and possession give you the biggest safety.
The most widely recognized and accepted coins globally are the Krugerrand, Maple Leaf and Vienna Philharmoniker with a purity of 22K (Krugerrand) to 24 karat or 999/1,000 metric purity.
Bullion is usually sold ‘investment grade’ with a purity of 24 karat in different sizes for example 1 oz, 100 gram, 250 gram, 500 gram and 1 kilo.
Any precious metal you buy will have a premium to the current market price (also called spot price) included in the sale price. Before buying check the market price at www.kitco.com or any other financial website. A premium between 4 and 7% is normal for 1oz gold coins. The bigger the ‘chunk’ the smaller the premium; going down to a 1 kilo bar of 1% on average.
For silver investors it’s important to know that there is vat on silver in Europe. The cheapest vat rate for silver coins is Germany with 7%, so it’s best to buy through Germany if you need the goods delivered. Or Switzerland if you like to store them permanently as you’d get charged vat of the country of destination. Meaning 21% vat in Ireland and 20% vat in the UK.
CELTICGOLD specialises in filling buy & sell orders for precious metals from private clients, usually gold and silver coins or small bars (up to 1 kilo). CELTICGOLD trades in Europe but is based in Ramsey, the Isle of Man.
Gold orders are delivered by safe and insured bullion couriers like G4S, Brinks, FedEx and T.K.S. Packages usually arrive on the third working day. Large orders are delivered by private plane to European airport of choice.
Jim Sinclaire Website: www.jsmineset.com
Phone: +44 20 8144 4339
Phone: +353 76 602 55 11″
“OccupyWallStreet protester with a spot-on & passionate speech re Ending the Federal Reserve, Minimizing the Federal Government, Ending the Fractional Reserve Banking System, Ending the Monetary Fiasco that is the government-controlled FIAT money system & Ending the Wars that were engineered to make the richest 1% even richer. We also need to have an independent audit and inventory of all the gold reserves in the USA. We need to hold the Bankers and Elite responsible for their crimes against humanity… End the Fed, End the Wars & End the Corruption!!“
“Nick Clegg is one… so is William Hague.
But just what is the Oath of a Privy Counsellor?
Just in case either of them is reading, this is the oath their Privy Counsellor roles demand:
The Oath of a Privy Counsellor
You do swear by Almighty God to be a true and faithful Servant unto The Queen’s Majesty as one of Her Majesty’s Privy Council. You will not know or understand of any manner of thing to be attempted, done or spoken against Her Majesty’s Person, Honour, Crown or Dignity Royal, but you will lett and withstand the same to the uttermost of your power, and either cause it to be revealed to Her Majesty Herself, or to such of Her Privy Council as shall advertise Her Majesty of the same. You will in all things to be moved, treated and debated in Council, faithfully and truly declare your Mind and Opinion, according to your Heart and Conscience; and will keep secret all matters committed and revealed unto you, or that shall be treated of secretly in Council. And if any of the said Treaties or Counsels shall touch any of the Counsellors you will not reveal it unto him but will keep the same until such time as, by the consent of Her Majesty or of the Council, Publication shall be made thereof. You will to your uttermost bear Faith and Allegiance to the Queen’s Majesty; and will assist and defend all civil and temporal Jurisdictions, Pre-eminences, and Authorities, granted to Her Majesty and annexed to the Crown by Acts of Parliament, or otherwise, against all Foreign Princes, Persons, Prelates, States, or Potentates. And generally in all things you will do as a faithful and true Servant ought to do to Her Majesty
SO HELP YOU GOD
Just thought we’d mention it… our emphasis towards the end. Quite clear.”
“Submitted by John Harris on Wed, 06/08/2008 – 18:38
Some one recently asked me the question; what is Lawful Rebellion?
Rebellion in itself has a number of different meanings and is in fact quite close to another word that seems to be on everyone’s lips; Revolution. Defined meaning of Rebellion;
- Refusal to accept some authority or code or convention.
- An act or show of defiance toward an authority or established government.
Defined meaning of Lawful;
- Being within the law; allowed by law: lawful methods of dissent. (The lawful refusal to conform to the authority that is unjust)
Under article 61 of Magna Carta 1215 (the founding document of our Constitution) we have a right to enter into lawful rebellion if we feel we are being governed unjustly. Contrary to common belief our Sovereign and her government are only there to govern us and not to rule us and this must be done within the constraint of our Common Law and the freedoms asserted to us by such Law, nothing can become law in this country if it falls outside of this simple constraint.
Article 61 shows quite clearly who really holds the power in this country, that being quite simply us the people; we have Sovereignty not any Parliament and nor can this be taken from us by any Parliament who claim to have taken the people’s Sovereignty. As defined above any act passed by a Parliament to remove the power the people possess, or to remove the power from the point of constraint we invested the power in, is invalid as it falls outside of the constraint laid down by Common/Constitutional Law.
This is a simple safeguard put in place to protect our freedoms under said law and to never allow such freedoms to be removed or diminished. So in reality any Act, Statute and subsequent law or legislation formed by these actions, that effects our freedoms asserted to us, is quite evidently unjust, invalid and most certainly illegal.
By invoking article 61 we are quite clearly stating that we feel we are being governed unjustly and after giving the head of state (Her Majesty) 40 day’s to correct this, if this is not corrected, then we can simply enter into lawful rebellion and we do this under the full protection of our Constitutional Law.
Lawful rebellion allows quite simply for the following recourse;
- Full refusal to pay any forms of Tax, Fines and any other forms of monies to support and/or benefit said unlawful governance of this country.
- Full refusal to abide by any Law, Legislation or Statutory Instrument invalidly put in place by said unlawful governance that is in breech of the Constitutional safeguard.
- To hinder in any way possible all actions of the treasonous government of this land, who have breeched the Constitutional safeguard; defined with no form of violence in anyway, just lawful hindrance under freedom asserted by Constitutional Law and Article 61.
Above are listed the three main ways we can as a people rely upon article 61 and what this allows for. The British people were given over 700 years ago a Law to use as there recourse when faced with either a Parliamentary dictatorship, or a Sovereign trying to rule by Divine Right, which amounts to the same thing. We have a right, and a birth right at that, to be governed properly under our birth right law and no other and certainly not by laws introduced on the pretence of being British Law, when in fact all laws passed since 1973 have been European laws in the guise of British law. We have a right to freedom within our true law and no Parliament can remove this for they were not present in its implementation nor did it need any Parliament, or any Parliament involvement, this was quite simply a deal struck between the people and a Sovereign, a deal which can never be broken.
The traitors that reside in the Parliament of this country only fear one thing and that quite simply is us the people and they know that they can never defend themselves, or defend their treasonous actions, lies and deceit against the power of the people, asserted by and given by, the founding document of our Constitution Magna Carta 1215. They realize, as many others do, that once the British public grasps the power of Magna Carta in both hands and start to use it in their defense; their game is quite simply up.
What does Magna Carta stand for?
In stands for freedom, that the people have Sovereignty that cannot be removed by anyone and it stands for the only real true rule of law; that no one, without exception, is above the law.
What does Article 61 (Lawful Rebellion) stand for? You have Sovereignty, realize it, and use it.”