No, Gold Is Not All I Do

No, gold is not all I do, but it is where I'll be putting the rewards of my other endeavors as they begin to yield the benefits of patience and hard work. Want to become a part of this? Join me as an affiliate. http://mykbgold.us/
My ID# is 81700. You'll need that to register.

My primary aspirations lie in a project that is now in its third year of development. After several fits and starts, we are just a couple of months away from releasing the first 3D social network on the Internet. We have quietly amassed a membership of just over 521,000 from 170 countries representing 32 languages. Our prototype website is still in two dimensions, with just a hint of the 3D world ahead.

If you are interested in the experience, I invite you to join us on the rest of the journey into the future of social networking at - http://www.me2everyone.com/222268. I can assure you of a warm welcome from the M2E leadership as well as the general membership upon your arrival. As a newly registered member you will be given 2,000 "metoos" (our internal currency) which can later be converted into fully-paid company shares. Invite others to join you and there's another 5,000 metoos added to your account for each one who accepts your invitation.

Have a business of your own that you would like to advertise to a captive audience? There will be a place to do just that when the 3D version is rolled out. In the meantime, come wander around this new world, meet folks from different countries, different cultures, speaking different languages, all enjoying the fun in anticipation of the rewards that lie ahead.

No, there is no cost to join. Not now. Not ever. Once registered, visit our "Be Social" side of the house, complete your profile and let the fun begin. Look me up when you get there and I'll be sure to introduce you around. They call me "OldMrBill" over there, but I'm registered as William Littlehales. Hope to see you on M2E.

A Golden Tipping Point

A Golden Tipping Point: University of Texas Takes Delivery Of $1 Billion In Physical Gold

Tipping points are funny: for years, decades, even centuries, the conditions for an event to occur may be ripe yet nothing happens. Then, in an instant, a shift occurs, whether its is due a change in conventional wisdom, due to an exogenous event or due to something completely inexplicable. That event, colloquially called a black swan in recent years, changes the prevalent perception of reality in a moment. This past week, we were seeing the effect of a tipping point in process, with gold prices rising to new all time highs day after day, and the price of silver literally moving in a parabolic fashion. What was missing was the cause.

We now know what it is: per Bloomberg: "The University of Texas Investment Management Co., the second-largest U.S. academic endowment, took delivery of almost $1 billion in gold bullion and is storing the bars in a New York vault, according to the fund’s board." And so, the game theory of a nearly 100 year old system of monetary exchange has seen its first defector, but most certainly not last. With an entity as large as the University of Texas calling the bluff of the Comex, the Chairman, and fiat in general in roughly that order, virtually every other asset manager is now sure to follow, considering there is not nearly enough physical gold to satisfy all paper gold in existence by a factor of about 100x. The proverbial Nash equilibrium has just been broken.
From Bloomberg:

The fund, whose $19.9 billion in assets ranked it behind Harvard University’s endowment as of August, according to the National Association of College and University Business Officers, added about $500 million in gold investments to an existing stake last year, said Bruce Zimmerman, the endowment’s chief executive officer. The holdings are worth about $987 million, based on yesterday’s closing price of $1,486 an ounce for Comex futures.

Years from now, when historians attempt to define who may have started it all, one name may emerge...

The decision to turn the fund’s investment into gold bars was influenced by Kyle Bass, a Dallas hedge fund manager and member of the endowment’s board, Zimmerman said at its annual meeting on April 14. Bass made $500 million on the U.S. subprime-mortgage collapse.

“Central banks are printing more money than they ever have, so what’s the value of money in terms of purchases of goods and services,” Bass said yesterday in a telephone interview. “I look at gold as just another currency that they can’t print any more of.”

In summary - the fiat tide is now going out. And among those who will first be observed swimming naked are the very same people whose fate has been so very intrinsically linked to the perpetuation of a flawed regime (and who coined this very saying). In the meantime, hold on to your hats: should a scramble for delivery ensue, the recent parabolic move in various precious metals will seem like a dress rehearsal for what is about to transpire.
The only open question is who was the broker with enough gold to deliver to the UofT. We hope to find out soon enough. We also hope that the UofT is smart enough, and that Kyle Bass advised it, that if they are getting "delivery" in a Comex vault in New York, the gold has likely already been leased out at least several times to various entities demanding paper allocations.  Submitted by Tyler Durden.

OldMrBill likes to think big, but $1 Billion in gold is beyond my vision. That said, this is my vision - http://bit.ly/enK4Ww and you should consider making it yours too.