I like this subject as it allows room for some free thinking.

I think if they were to allow people to remit their physical gold or silver to the banks for a premium in fiat (supposedly gold/silver backed)  that they could easily pull it off with the general public. I never see a situation where anyone can ask for and get real gold back in any new gold based system. But they'll make it appealing enough for you to turn your gold in with newly printed paper that literally costs them nothing in exchange for your physical.    

I think people being able to pay off their old debt with newer, more valuable money would allow people to retire all of their old debts and and then eventually take on larger and newer  debts (near ZIRP) all the while feeling wealthier and more confident about the new golden paper they hold. They could  in principle retire the national debt if they stuck to the same principle and used newer issued  (more valuable) money to pay off older debt under the FRN's they were originated in. I realize that sounds like an instant hyper inflation but if they applied it across the board it would be like a public debt holiday on all levels of finance and clear the ledgers of everyone or provide the opportunity to do so.

Can anyone imagine the growth that would take place after such a debt clearing holiday for everyone, Govt's included? Of course, none of that will ever happen because it's too bold and forward thinking and the greed factor and constant need for financial control by the politico/bankers is too enormous. 

Returning as much wealth to the consumers in a consumer based world is a no-brainer. The Govt.'s and banks  moan about the low growth and the lack of tax revenues etc. but you would think that somewhere along the line they would realize that allowing or enabling such a debt holiday would free up everyone's (including their own) debts and allow for unprecedented growth going forward. It would be like starting from scratch with a zero balance. Every business you could possibly imagine would boom and they would have to hire lots of people just like in a normal business cycle. The machine would then feed itself in a boom cycle. The real estate market would clear real quick.

Everyone here would spend way more money if you had no debt and you knew that getting hired or staying employed was very likely. Imagine how your company might pay you if they had no debt and there was a shortage of workers that they needed to compete for with better wages?

It's that easy and all they need to do is implement it and have everyone on board that matters on such global monetary issue's that need to agree to it. In a world of financial accounting gimmickry that they've brought to new levels this sounds about right if it's a one time thing. Bringing high priced gold into the equation and creating more collateralized potential liquidity out of thin air would seem appealing to them also. Just remember, if gold does a slow moon shot it'll give them every opportunity to print wayyy more fiat then they do know and to keep the skids greased by letting gold rise on a sliding scale and not a antiquated fixed price.  

There are so many ways out of this mess if they would only implement some bold accounting moves in a bold new monetary policy. Can anyone imagine if all of that bailout money everywhere since 2007 was allowed for that very purpose and every financially meaningful Govt. did it and all the debts were made cheaper by virtue of what I wrote above?

Boom city. It would be a new golden age, literally.

Fraught with initial moral hazard but if the debt holiday applied to everyone would it not be normal and would it be a hazard or a no-brainer at that point? We'll never know.

http://www.tfmetalsreport.com/comment/90350#comment-90350

The central banks of Taiwan andChina signed a yuan clearing agreement as Asia’s biggest economy pushes the use of its currency in international trade.

Taiwan will allow interbank trading of the yuan, creating a new exchange rate for the currency, Governor Perng Fai-nan said today. The two monetary authorities are also negotiating a currency swap deal that would allow Taiwan to hold yuan assets in its foreign-exchange reserves.

“The deal will help Taiwanese companies move their yuan assets back to the mainland and lessen their exchange risks,”Perng said in Taipei. “Taiwan will have its own yuan spot rate called `CNT,’ as opposed to `CNH’ in Hong Kong.”

China has been expanding its currency relations with trade partners to promote greater use of the yuan in global trade and investment. Nations including Singapore, Japan, and Thailand have signed similar deals with the world’s second-biggest economy as part of their efforts to reduce reliance on the dollar. Exports account for more than two-thirds of Taiwan’s economy and some 30 percent of shipments are bound for China.

“It’s a good development as there’s huge demand for yuan in Taiwan,” said Penny Chen, who helps oversee $160 million in yuan assets as a fund manager at Manulife Asset Management Co. in Taipei. “Taiwan’s exporters and small-to-medium enterprises will be able to reduce transaction costs.”

Taiwan has the world’s biggest trade surplus with China and foreign direct investment by the island’s companies rose 11 percent to $13 billion in 2011, according to official data...

http://www.bloomberg.com/news/2012-08-31/taiwan-signs-yuan-clearing-deal...

PINK FLOYD - The Dark Side Of The Moon - Live In London 1974

This month I had to pass through some of the major Chinese cities (in Beijing right now) and, boy, would most of you guys have a field day!
I have never seen this much gold! Huge fancy shop after shop after shop selling 999 gold either as intricate jewelry or bars etc. for the daily per gramme price which isn't too far from spot price.
How sadly ironic that in western countries the population is giving away their gold to cash-for-gold places while here everybody who has any amount of savings converts it to gold!
Yes, these shops are full of customers, even if some can only afford 1gramme earrings, the convert-your-money-into-something-real sentiment is very present!

I've wondered what the average gold store in China sells.

Do they sell Pandas?  US Buffalo / Eagle?  Canadian maple leaf?

Swiss gold bars?

What's the gold like that they are selling?

Typical store:
As you enter, you see "today's gold price" in RMB per gram of 999 gold.
That price includes the work that went into making the decorative pieces and jewelry. It is surprisingly close to spot price though.
So basically everything has its weight on a little tag and you pay per gram.
I think you need to go to a branch of Bank of China to buy pandas.
But most of the banks also sell you gold in most shapes and sizes.

I just wanted to say hello Turdville! I just joined..... been a lurker on/off for several months. I have a small stack..... looking to add as  funds permit. I wish I had been on this wagon a few years ago. Late to the party......... story of my life. 

Regards,

The graph doesn't show flash moves.

Top-left corner: http://www.kitcosilver.com/ Was 32.00 for yesterday. Showing 31.96 for 3 September now.

I just wanted to say "Hello Turdville!" I just joined and have been a lurker on/off for several months. I have a small stack and would like to add as funds allow. I know... I know.... I'm late to the party..... Story of my life.  Anyway, Hi! 

Q

"The problem is, that there should be more wealth in the US than its debt. If it takes all the dollars in the US to pay the debt, people will have nothing. No property, no savings, dick. 

Not good."

I think that is exactly what the banksters want - they own everything, we own nuthin...

I'm convinced the price of Silver would have hit $32 on Friday if that pesky  box of lettering wasn't in the way! ;-)

Glad they moved it, maybe they should move it a skosh higher?

Recent shootings and arrests of miners in South Africa will affect the production and pricing of gold.   This could be the turning point of no return and nothing else will matter from now onwards.   Looks like the most oppressed in regard to wage and working conditions have had enough.   The PTB  made a big mistake in dealing with the situation and are getting no sympathy.  Price of gold will rise from now onwards in my opinion.

Numbers don't matter apparently. Pretty pictures do. For the number people, I see a 32.00, 31.96, and 31.97 since 6pm.

The bots are pumping like rabbits.

Pepsi has been incorporating dead fetuses. I hear they make good cheap alternative ingredients.

In other words, stop drinking that shit.

The way I understand it, they use fetal cells to test the flavor ingredients (do they like it?). There are NO fetal cells in the drink. Still kind of creepy.  Also there are no bunny eyes in shampoo.