Sheople Stampede? CNBC airs prediction of default in paper gold

[RonPaulCentral]

Nothing like stories like these to get a good ol' fashioned Sheople Stampede a' rollin'

YAHA! <Crack>

http://www.gata.org/node/6733

http://www.cnbc.com//id/15840232?video=880574352&play=1

[politicsNproverbs]

Though dated yesterday, this just rolled in on the same subject...



Kiener: Gold Prices To Double On Paper Market Default;
Demand of physical gold outstripping supply as
global interest rate cuts lead flight from paper currencies
Paul Joseph Watson
Prison Planet
Tuesday, October 7, 2008

Jurg Kiener, CEO of Swiss Asia Capital, told CNBC this morning that the flight from paper currencies as a result of global interest rate cuts will lead to a doubling in the price of gold within a short period, as demand for physical precious metals outstrips supply, causing paper contracts on gold to default.
http://www.prisonplanet.com/kiener-gold-prices-to-double-on-paper-market-default.html

Not re: paper contracts but just gold, from the day before...


Hyperinflation Catalyst For $2,000 Gold
Wall Street bailout, overprinting of dollar will cause
commodity to soar, says 40-year market veteran
Paul Joseph Watson
Prison Planet
Monday, October 6, 2008

40-year market veteran and fund manager Robin Griffiths of Cazenove Capital Management predicts that the overprinting of dollars as a result of the Wall Street bailout will act as a catalyst for gold prices to rocket to $2,000 an ounce, as demand for precious metals outstrips supply amidst rumors of market manipulation.
http://www.prisonplanet.com/hyperinflation-catalyst-for-2000-gold.html

[RonPaulCentral]

Good stories.....

[politicsNproverbs]

Well thanks and you're welcome... I don't write 'em -- not smart enough for that, so I do my part as an "alternative media distribution machine." :)

[Johnnybags]

or they are complicit with the banks that gold coins are sold out or the worldwide distribution is running 24/7 to keep up with demand. Silver is being bought back by houses who are still selling it but with major delays. Ultimately, the government will for National Security reasons or some other bogus reason(office of financial stability) allow the banks to not honor the contracts. Until then the banks will desperately sell contracts trying to keep depositors from taking 10,000 in lendable loans for every 1000 they withdraw to buy an ounce of gold. The banks are in deep and will simply default soon enough on the contracts. Never in History has there been such a disparity in accumulation and lack of price movement. 1000 gold shook the banking system to its core.