Currency wars to short circuit role of Gold?

Can the Capitalist stage manage the present economy upheaval...

Currency wars point way to managing imbalances:

Despite the truce that G20 countries made this weekend agreeing not to devalue currencies to tackle financial imbalances, some fear the US has been long involved in a currency war.

The US has waged well-known wars in Afghanistan and Iraq. Yet some say it is also waging a lesser-known battle that is just as costly and much larger in scale.

"The US is leading a financial world war to obtain foreign resources and essentially make other countries pay tribute to it,” Michael Hudson, contributor to the Financial Times, told RT.

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Gold surge - US & Russia..

RT | October, 2010, 10:21

The gold price has surged over the course of this year to beyond $1320 an ounce, with investor interest growing as concerns about currencies mount.

Gold futures, warrants, gold exchange traded funds, gold-mining shares – there are many ways invest in gold. But none offer the sheer sense of possession that having a bar in your hands does. Otkryitie analyst, Vladimir Savov says this can allow investors to strip out thinking about company management and hedge books, and simply focus on price.

Currency Wars, The Point of No Return.

September 24, 2010:

Gold and Silver Are Sounding The Alarm!

Precious Metal Profits Will Be Epic!- October 15, 2010

Fiat Currency will have no where to go but Gold!

Jim Rogers - Currency Wars:

October 07, 2010 - Global Currencies World Wide are being debased.

Nation states are debasing their currencies by printing money.

By printing money, the supply of money in the system increases.

More money in the system causes prices of important things you and I depend on in our every day life to INCREASE.

Our dollars buy less today than ever before. If you made 5 dollars in the 70s, you were paid MORE than you are today at 12 dollars.

Currency wars:

Keiser Report №79: Currency Wars Break Out

RussiaToday | September 21, 2010 - This week Max Keiser and co-host, Stacy Herbert, look at the scandals of Greenspan's 'gold warning;' currency wars breaking out; the Veterans Administration's verbal dealers with insurance brokers raking it in on dead soldiers and Carla Bruni's hopes for raking it in after her husband's (hopefully) one term. In the second half of the show, Max goes to New York to talk to Yves Smith of NakedCapitalism.com about her book, Econned, and about stability and instability in financial markets, structural imbalances,'bad equilibrium,' trillions in derivatives and Che Guevara with machine gun interfering with Potemkin companies.

Gold price hits new record high

FOREX GOLD INDEX(PM FIX) $/OZContinue reading the main story

The price of gold hit a record high on Tuesday, with analysts giving a number of reasons for its rise.

Both the price of the actual metal and the price for buying it at a future date rose more than 2% to $1,274.75 an ounce.

It was the biggest one-day gain for the commodity in four months.

One of the factors spurring investors is gold's traditional role as a so-called "safe-haven" investment at times of economic uncertainty.

On the physical market, demand for both bullion and jewellery has risen ahead of the seasonal Indian wedding period and the Hindu religious festivals that begin in September

BBC News - 14 September 2010

Kelantan Gold Dinar Launch - Aug 2010

Hajj Umar Ibrahim Speech -

Umar Ibrahim Vadillo - Interview - Gold Dinar

IslamicEconomy | April 09, 2010 - Umar Ibrahim vadillo is one of the most outstanding and well-known proponents of the Gold Dinar Movement within the muslim world. He is the author of the ground breaking book "Return of the Gold Dinar" and has been involved in numerous initiatives across the globe to revive the gold dinar. In this interview, he higlights the importance of giving zakat in gold and why gold currency is mandatory requirement of shariah.

Islamic gold dinar gains ground

 Sat Sept 4, 2010 - KUALA LUMPUR: Malaysians are embracing gold dinars which were introduced last month by Kelantan to promote usage of Islamic currency as an alternative to paper money, an official said today. 

The gold coins and silver dirhams were introduced in early August by PAS to coincide with the start of the Muslim holy fasting month of Ramadan.

Umar Ibrahim Vadillo, chief executive officer with Kelantan Golden Trade, said the first batch of gold and silver coins worth RM2 million had been sold out in less than a month.

"There is enormous response in Malaysia. Their reaction is unbelievable," he told reporters.

FreeMalaysiaToday :

Global Uncertainty Drives Demand For Gold

VOAvideo | August 30, 2010 reports Demand for gold is expected to rise as a weak US dollar and persistent fears of a double dip recession weigh on investors. Despite falling slightly from historic highs earlier this year, the precious metal remains a safe and attractive investment. Analysts expect the price to stay strong for the rest of the year, thanks in part to accelerating demand from India and China. Mil Arcega reports.

KELANTAN LAUNCHES DINAR & DIRHAM ON 12TH AUGUST 2010

Kelantan Gold Dinar Trade:

This is the first time in the last 100 years, since the fall of the Ottoman Caliphate, when a Muslim government introduces Shariah Currency.  Indeed there has been four generations of Muslims who have not seen Gold Dinar and Silver Dirham; four generations of Muslims who have been divided into little national reservations and sentenced to permanent robbery first by local, then by international Masters of Riba; four generations of Muslims who haven’t known what is their Deen.  The introduction of Gold Dinar and Silver Dirham in the state of Kelantan is not a new idea or experiment, it is the return to the medium of exchange that has been known for 1400 years throughout Dar al-Islam as Money of Shariah taking its legislation from Allah’s Revelation and Rasul’s Sunnah.

Link - Launch of the world Islamic Currency : Shaykh Dr Abdalqadir Assufi

Gerald Celente: Go for the gold!

RTAmerica | June 30, 2010 - As the economy continues to struggle, the dollar has become more of an issue with its unstable behavior. Gerald Celente says that the dollar is an unreliable international currency and should be replaced by a more stable system. He also adds that the only stable market is gold, as the economy worsens gold's value will continue to increase.

Gold new high in America!

June 18, 2010 — Ted Anderson drops by to talk with Alex about why gold is taking off the way it is and how far it may go. Now is the time to buy gold while you can before it goes to the next level.

Gold Advances to a Record in New York, London on Haven Demand.

By Nicholas Larkin

June 8, 2010 (Bloomberg) -- Gold rose to a record in New York and London as investors sought an alternative to currencies amid mounting concern over Europe’s debt crisis.

Bullion also hit highs in euros, sterling and Swiss francs after the region’s common currency yesterday slipped to its lowest level in more than four years against the dollar amid speculation that debt-cutting measures by European nations will slow growth. European equities fell and Fitch Ratings said the U.K. must deepen budget cuts to protect its top credit rating.

“It shows low confidence in the euro zone,” said Bernard Sin, head of currency and metals trading at bullion refiner MKS Finance SA in Geneva. “There’s no confidence in euros, dollars and no confidence in other currencies. The only solution is to be on the safer side, which is gold.”

Chinese dumping worthless currency for gold.

liarpoliticians — May 17, 2010 — The Chinese population and government are dumping the worthless paper currencies of the world, which their governments just magic from nowhere, and dumping guilts, and are instead investing in gold. No matter what the price of gold is, one thing is certain, you can't print more of it like Western governments have done to their paper currencies.

Peter Schiff Buy Gold it could go to $10 000/oz

PeterSchiffChannel — May 13, 2010 — Peter Schiff Buy Gold it could go to $10 000/oz CNBC:

GOLD BREAKOUT!!! Gold seeking divorce from fiat currency.

Be the First to see Meltup - MELTUP

Gold strikes new record high on Europe debt woes

Wed, May 12, 2010 at 11:43 | Source : Reuters

Gold struck another record high above USD 1,230 an ounce on Wednesday on safe haven buying as investors bet the euro zone debt crisis could spread beyond Greece.

Jewellers cashed in on the rally and dealers noted a pick up sales of scrap in Asia, which could curb further gains. But any correction could be limited as a USD 1-trillion European rescue package had done little to ease fears of euro zone debt contagion.

Gold Trading At Record High For Numerous Reasons

Chuck's Commodities Blog | Tuesday May 11, 2010

Gold prices would normally retreat after the financial markets stabilize from a recent financial crisis, but not this time. Gold prices plowed ahead to close at a record high and the market continues to move higher in after hours trading. June gold futures are trading at $1,233 an ounce as I am writing.

The U.S. stock market returned to business as usual this week after a major bailout in Europe. This stock market loves it when problems are set aside to worry about in the future. The gold market is really loving this situation as gold investors know the problem down the road is just going to get bigger and that spells higher prices for gold.

"Paper trading" causes Global food bubble!

REASON FOR FOOD HIKE : DRIVEN BY FINANCIAL SPECULATION IN THE COMMODITY FUTURES. not supply & demand factors. Basically to compensate losses due to sub-prime market.