Backyard Aquaponics
A place to discuss aquaponics

Could be us or the coming EU.. Either way, things might be tight here for a while at the very least.

I know it's harsh to look at loosing a home and not being able to get a job to get another house, but truth is when we borrow its our personal risk and responsibility (aka fault). We were raised and trained up in a lye. Our lust to always getting what we can not own, at this time, is the problem. I think its wise to get a back up plan, even if its a tent and a few hundred feet of land that is paid for. ..Not that anyone has enough cash to buy one acre of land anymore...

Gold Fixing
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The Gold Fixing (also known as the London Gold Fixing or Gold Fix) is the procedure by which the price of gold is set on the London market by the five members of the London Gold Pool. It is designed to fix a price for settling contracts between members of the London bullion market, but informally the Gold Fixing provides a recognized rate that is used as a benchmark for pricing the majority of gold products and derivatives throughout the world's markets. The Gold Fixing is conducted twice a day by telephone, at 10:30 GMT and 15:00 GMT.

The first fixing took place on 12 September 1919 amongst the five principal gold bullion traders and refiners of the day: N M Rothschild & Sons, Mocatta & Goldsmid, Pixley & Abell, Samuel Montagu & Co. and Sharps Wilkins. The gold price then was four pounds 18 shillings and ninepence (GBP 4.9375) per troy ounce.

Due to wartime emergencies and government controls, the London Gold Fixing was suspended between 1939 and 1954.

Gold prices are fixed in United States dollars (USD), Pound sterling (GBP) and European euros (EUR).

On 21 January 1980 the Gold Fixing reached the price of $850, a figure not overtaken until 3 January 2008 when a new record of $865.35 per troy ounce was set in the a.m. Fixing.[1] However, when indexed for inflation, the 1980 high would equate to a price of $2398.21 in 2007 dollars, thus the 1980 record still holds in real terms.

The Fixing historically took place twice daily at the City offices of N M Rothschild & Sons in St Swithin's Lane, but since 5 May 2004 it takes place by telephone. In April 2004 N M Rothschild & Sons announced that it planned to withdraw from gold trading and from the London Gold Fixing. Barclays Bank took its place from 7 June 2004, and the chairmanship of the meeting, formerly held permanently by Rothschilds, now rotates annually.

A tradition of the London Gold Fixing was that participants could raise a small Union Flag on their desk to pause proceedings. Under the telephone fixing system, participants can register a pause by saying the word "flag", and the chair ends the meeting with the phrase "There are no flags, and we're fixed".

The current five participants in the Fixing, who must be members of the London Bullion Market Association, are:

Scotia-Mocatta — successor to Mocatta & Goldsmid and part of Bank of Nova Scotia
Barclays Capital — Replaced N M Rothschild & Sons when they abdicated
Deutsche Bank — Owner of Sharps Pixley, itself the merger of Sharps Wilkins with Pixley & Abell
HSBC — Owner of Samuel Montagu & Co.
Société Générale — Replaced Johnson Matthey and CSFB as fifth seat

you should also know this.....


London bullion market
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The London bullion market, is entirely different from, but often confused with the London Metal Exchange. Only base metals are traded at the London Metal Exchange (LME), while gold and silver are traded by members of the London Bullion Market Association (LBMA), loosely overseen by the Bank of England. Most of the members are major international banks or bullion dealers and refiners. Five members of the LBMA meet twice daily to "fix" the gold price in a process known as the London Gold Fixing.

Gold is traded primarily over-the-counter (OTC) with limited amounts trading on the New York Mercantile Exchange (NYMEX) and Tokyo Commodity Exchange (TOCOM). These forward contracts are known as Gold futures contracts. Spot gold is traded for settlement two business days following the trade date, with a business day defined as a day when both New York and London are open for business. Unlike many commodity markets, the forward market for gold is driven by spot prices and interest rate differentials (similar to foreign exchange forward markets) rather than underlying supply and demand dynamics. This is because gold, like currencies, is borrowed and lent by central banks and in the interbank market. Because interest rates for gold tend to be lower than US domestic interest rates (to encourage gold borrowings so that central banks can earn interest on their large gold holdings), except in exceptional circumstances the gold market tends to be in contango (i.e. the forward price of gold is higher than the spot price). This has historically made it an attractive market for forward sales by gold producers and contributed to an active and relatively liquid derivatives market.

...hope this helps
C1

"loosely overseen by the Bank of England"
Didn't the price of gold fall due to the B of E dumping on the market?

"In April 2004 N M Rothschild & Sons announced that it planned to withdraw from gold trading and from the London Gold Fixing."

And I'm sure we all believe that.

a slump in the market LOL

C1 wrote:

...hope this helps
C1

Thanks C1 for the research/Wikipedia ..........my hunch was right........GLOBAL OLD BOYS NETWORK.....
Just think,.....,,anybody(the insiders) knowing the price 24 hours ahead,..........,can buy - or sell.......just ahead of the market
never need to do any physical work - just trading currencies (by the millions)
or buying/selling gold .....just one step ahead of the market.
They are all the way.......

Sleepe......as I said - an old boys network.......done in absolute secrecy

"The last duty of a central banker is to tell the public the truth."

- Alan Blinder, Vice Chairman of the Federal Reserve

please note.......this article was written nearly 2 month ago


7/10/08

It's Over
To all; it's over. The European banking system is unraveling after a bank failure in Iceland of all places was the chain link that broke. The EU countries met today to form some sort of bailout plan for the banks and when all was said and done, it is now every country for themselves, no agreement was reached between Germany and the Latin countries. Russia's market was down more than 40% over the last 2 days and closed down 1% today after P.M. Medvedev pledged another $36 Billion to the banking system. The British P.M. and the Chancellor of the Exchequer are meeting on a bailout for the British banks. British credit cards are being declined for use in Europe proper. The Fed is now paying interest on funds deposits to put a floor in on rates so they can literally pump unlimited $s into the system without pushing rates to 0. The Fed also announced that they will backstop the commercial paper market with liquidity. Libor rates went higher again today, and the Treasury announced yesterday that they can make direct investments in any corporation. The best of all is the margin call by JP Morgan to Lehman Bros. [bankrupt] and Merrill Lynch [now part of Bank America who went to market today for $10 Billion in new capital that was undersubscribed]. I wonder if they'll be paid?

We are witnessing panic on the part of governments worldwide, they are fiddling while Rome burns. They might as well fiddle as there is no solution, the banking system missed the ditch and is going off the cliff. The news cycle is jamming up because more and more "solutions" are announced on a daily basis as the world turns and markets open [or try to]. The banking system worldwide is in a spiral stage that even if panic is stemmed, it will rear it's ugly head again a day, 3, or 7 later. Panic is the absolute outcome here, this has gone too far, too wide, and the infection is too deep to be reversed. Nothing goes straight down, and this is no different, but we are witnessing the end of the banking system.

I don't think there are any band aids left that can last more than 3-5 days at a time. Gold and Silver [and the shares] will catch a bid that has never been seen before. Couple this bid with virtually no supply and the results will be a move to the upside in an asset class as has never been seen nor imagined before. I spoke over the weekend with a liaison to several European banks and he advised me that a waiting period of at least 3-4 weeks for Gold delivery is now the norm. He has never seen anything like this in his thirty years. As the banking system unravels, whatever little physical supply that is left will disappear. The jig is up, either you are out of the paper system or you go down with it. There will be NO paper survivors, either you are a charter member of the next banking system or you will be leapfrogged and left behind.

The Price of Gold will be beyond the reach of the common man. This has got to be the plan, the only way to recapitalize the banks is to revalue Gold up 10 fold, 100 or even 1000 fold. This is no joke, currencies will devalue and approach zero in many many cases. This is not 1929, it is WORSE for several reasons. The biggest being our currencies are bad. Back then the world had a hard and real currency, Gold. The level of debt back then looks highly conservative when compared with today's circus. The world went to sleep and woke up with more debt and more risk than all the previous asset bubbles combined. This IS the biggest financial BUST of all time, by multiples. This is it, it is over.

Bill Holter


Well .....the gold price has not gone 'through the roof'......yet. It has gone the other way....
Wait and see........

Think that all depends whether or when the American dollar devalues.

I have yet to see the USA mentioned in end-time prophecy. I believe the States will become increasingly isolationist in an effort to stabilise their balance of payments. They will no longer be out there fighting wars in the name of basic human rights.......

I believe it is the EU. This governmental body - soon to become 10 ruling nations within the EU - already being talked about - was prophesied hundreds of years ago when Daniel interpreted King Nebuchadnezzar's dream. His wise men could not interpret the dream for he had forgotten the dream that troubled him so - and so told them they had to both tell him the dream and the interpretation - or die. They called in Daniel - who went and prayed for the dream and answer to the dream to be given him. It was

Please see graphic below... it didn't allow me to load in line.

Each Empire became less not in terms of size or duration but in the sense of the centralisation of absolute power. The metals decreased in value but increased in strength:
Gold head- Babylon - King Nebuchadnezzar.
Silver arms and chest - Medes and Persians - King Cyrus.
Thighs of brass - Greek Empire - Alexander the Great.
2 legs of Iron - Western amd Eastern Rome - Caesar's - They ruled with iron.
(Today this area falls over today's EU nations)
Feet of part iron and part clay - EU
Toes of part iron and part clay - 10 nations chosen out of EU to rule. Already being discussed.

The current money system is not sustainable. It will fail. Prophesied in the Scriptures.

It is being orchestrated to bring in the New World Order.

“Smart card” introduced as a method of safe money transfer. We already have credit and debit card use so just a skip and a jump to all info on one “smart card”

Problem… cards can be lost and abused.

Introduce a micro chip that can be injected under the skin and that is the size 1/20 of a grain of rice. It has an enormous memory. Heard it said about 20,000 pages. It is currently used to protect executives who might be kidnapped. This implant is easily read by an inexpensive scanner, such as found at any store. Each person becomes a walking smart card! The problem of theft is removed. You are who you say you are! Everything about you in this minute chip.

Easy to sell this idea because who can steal now? So truly protected from crime… right? But everyone completely controlled. Only cash is free. No more cash. The cashless society of the New World Order. No buying or selling unless take this “mark” on your hand or forehead. Just as the Bible foretold many many centuries ago. Christians who understand this will not take this mark and will be put to death. It is spoken of as head chopped off. The classic Islam method of execution.


...and the Bible tells us that he who receives the "mark" will go to Hell (Rev.14:9-11)

Some claim "the Beast" is a computer in Brussels called "Beast 6-06-6". It was programmed to control all monetary transactions in the European conglomerate countries (EEC) who now function on one monetary unit called the Euro.

Others claim it is a man. That is another debate...

Either I am fanatic to write of such things ......and a little out of it.... .... or I so believe it will happen with all of my heart and want to warn as many as I can to choose life. At least consider that I have taken the trouble to write knowling full well that many will reject this perspective.... but understand that it is in the hope that all who read it here will at least follow the prophetic claims of Scripture in the light of current events. Ask God to show you. He will if you sincerely want to know.

According to the Aztec, Mayan calendars... and the Chinese "I-Ching"... the world ends on December 21 2012 anyway... or December 23... or December 24... depending what calculations you use...

Interestingly... the Vatican is supposedly in posession of documents/prophecies from both Leonardo Davinci and Nostradamus... that both independantly set the same dates....

Think I'll take up drinking and drag a chair out round the AP system for the next couple of years...

Cyara, we are getting there fast. I think the real motivation behind electronic id and money is the in-ability to trade without a tax being collected. What governments call the black market is quite large and the government wants control. Infact, people have already been fined and lost homes over bartering here in the us. The real kicker its not only not illegal, its a right. Yet, judges and thus police enforce policy without rule of law. To some degree people already have a mark. In there hands, what they do. In their forehead, what they think.

Rup, calculations have shown that our calender is off my a few years.. 20 or something. So that pushes the date back a bit. This correction was discovered when using accurate solar system models to project back a couple thousand years with 1/10 of a day accuracy... I forget the details..


Either way, in the future if you want any of the benefits(roads, security, rights, food) of the Babylon world system then you will have to play their game so you had better thing and act accordingly, lol.. Or get your AP fully sustainable and trade item for item (illegally I might ad)

+1 DDM

From http://www.telegraph.co.uk/opinion/main ... dl0304.xml

DDM... believe the Aztec, Mayan etc calenders are incredibly accurate... and have been correlated with the "julian" calender... which is still used as the basis of most astronomical and computing functions...

The "Gregorian" calendar involved dropping either 10 days (or eleven days, depending when it was adopted) when it was changed.... and is inaccurate by about 26 seconds/year.... or about 1 day every 128 years...

Hence all the complicated "leap year" rules...

http://www.infoplease.com/spot/gregorian1.html

http://www.geocities.com/calendopaedia/julian.htm

http://www.geocities.com/calendopaedia/gregory.htm

Opps... that should read... 26 sec/year....one day's difference every 3,323 years.... for the Gregorian calender....