Gold and What Moves it.

"I willingly accept Cassandra's fate
To speak the truth, although believed too late."

~ Anne Killigrew

One fine day on the streets of Washington D.C. the ghost of Charles Ponzi struck up a conversation with the ghost of Cassandra. He was a charming devil and assumed she would find him irresistible so he began with "It is ironic, I think, that I am a thief, while you see and speak the truth, but the people believe me and scorn you."

Cassandra was not impressed and replied, "It is true. Most people would prefer a charming falsehood to the severity of truth. Since no one believes me anyway, you might as well tell me what scam you are currently promoting. I am truly interested. Please, do tell."

Never one to miss an opportunity, Senator Ponzi replied, "I am finding great success with central banking, paper money, and ever-increasing debt. Frankly, they are an easy sell, and people come to me begging to be part of the scam. It has been quite profitable so far and looks to be good for a long time." ...

The Iranian minister noted that a change in trade model would reduce the country's need to vehicle currencies, including dollar and euro.

TEHRAN(BullionStreet): Sanctions hit Iran announced plans to phase out dollar and euro in it's trade exchanges and to add more gold to reserves.

According to country's economic affairs and finance minister Shamseddin Hosseini, Iran plans to phase out dollar and euro in its future international transactions after the US and the European Union imposed sanctions on Iran.

Talking to newsmen here, he said after the imposition of sanctions on Iran by the US and the EU, the Central Bank of Iran immediately moved to change the country's hard currencies reserves into euro and gold which “was beneficial to the country. ...

On the heels of Germany looking to repatriate their gold, today King World News spoke with top UBS analyst Peter Lee about his rather frightening forecasts for the US dollar and equities.  Interestingly, his call for the dollar to plunge comes right after Germany expressed that it wants its gold out of the Fed and back inside German vaults.  If Lee is right in his outlook, this will have massive global ramifications.  Lee also provided KWN with some incredible charts to back up his rather ominous predictions for both the dollar and equities.