Welcome to Stage Two of Gold's Bull Market

James Turk in his classic conservative analytical style treats the current stage of the gold bull in muted fashion in his most recent article on the gold site Kitco .  To this is appropriate for him as he offers a product that treats gold as money at his site:  http://goldmoney.com/index.html

That being said, I believe that Mr. Turk understands the implications of the work of GATA on leased and swapped gold and the actual amount of physical gold available in the central bank vaults vs. that which is reported.

What is amazing is how the use of the double standards of regulation and reporting (those that apply to citizens vs. those that apply to governments and their favored institutes (central banks, selected corporations) continues to provide the foundation of the downfall of the nations and the entropy of systems within the world government.

That aside, I do fully agree with the article and especially this section:

“Gold is now in its second stage, and of course, the worries don’t disappear. They never do because there are always emotional reactions that at first blush offer seemingly plausible reasons for not taking the right action. But there is a notable difference in this stage compared to stage one.  Look how many people are writing and talking about gold. Gold has moved from apathy and neglect – stage one characteristics – to growing attention.  But importantly, instead of embracing gold and analyzing it to determine relative value, today’s attention is one of widespread disbelief and skepticism that gold can climb higher. These are exactly the responses one should expect to emanate from stage two.”

What he doesn’t say is that gold is only at about half its inflation adjusted high and silver is at about 1/6^th of its inflation adjusted high and that years of price suppression by the “monetary authorities” has spring loaded these to monetary precious metals to fly above beyond on those levels and that such a price jump could happen very quickly.

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