Gold bug talk

1) Central Bank sales and the gold price

"It surprises me when gold investors, particularly those who believe that gold is money, denounce Central Bank gold sales. Central Bank sales are good for the gold market because private ownership of gold is a pre-requisite if gold is ever to be used as currency again.

Whenever gold is ubiquitously used as money, the majority of it is in private hands simply because the private sector, as a whole, has significantly more capital than governments. Whenever the world is forced off a gold standard, it is done in conjunction with gold confiscation. This allows the government to shift to a fiat currency that it can inflate without giving the citizenry an opportunity to use gold as a competing currency.

Look at Central Bank sales as a transfer of gold from weak hands (those inclined to sell, the Central Banks) to strong hands (those who believe in gold as a store of wealth and inclined to hoard, the public). This is positive for the gold market, especially since the sales don't even depress the gold price. It's proof of just how robust the gold market really is."

2) Pac-Man, Clicks & Bricks

The second phase of this bull market is about to begin with institutional interest in gold beginning to pick up. Several of the world exchanges are initiating programs to begin trading in gold. Several ETFs are now going through the registration process and interest in gold and silver equities is growing by the day.
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There are two main reasons that are going to drive this bull market to even higher ground and I believe to levels never dreamed before. The main drivers of this new bull market are still going to be for monetary and fundamental reasons. Central banks and especially the US. Fed are printing money as never before.

In order to keep their own currencies from rising too rapidly, other central banks are also expanding their money supply and intervening in the currency markets. In this fiat paper money system now used globally, the creation of money is made by a handful of men. As governments pursue polices to foster growth and avoid deflation, they are actively involved in debasing their currencies.

Western governments and other nations around the globe are saddled with onerous debt burdens. There is no way out, but to inflate. There isn’t enough money to bail the U.S. or any other large debtor of its debt predicament. It has become only a matter of time before the present monetary system begins to unravel and the people find out that the emperor has no cloths."