Great post David. Let the mainstream media pull all their tricks. They are only fooling the weak handed new buyers. All the rest of us are not going anywhere. We know what real and fake money looks like!
If history rhythms, based on your Wiemar chart, we might have 5 to 6 years until TSHTF.
As to the main theme of your article - the lamestream propaganda channels are being tasked with shaking out as many longs as they can, so the elites and CBs can vacuum up maximum Au at these low, low prices. Anyone who's a long term stacker, knows you don't trade metals (real money) for depreciating fiat unless you absolutely need the cash right now, or you're a moron (in which case you're probably not stacking anyway, am I right?)
Not to worry. There would be no "Motive" to denigrate any asset, if the intent was not to acquire that asset at a lower price!
Consult Mario. He is well aware of the scam behind "Brown's Folly". Gordon Brown (and cronies) drove down the price of gold so that insiders could buy Britain's gold at a very low price.
That should have been judged as treason, but the 'judges' all got a share....?
Fun fact I just learned last month: one metal dude (can't remembr who) called the UK selling off their golden relics assets cheap as "Brown's Bottom".... still makes me laugh.
Who doesn't go to jail for committing fraud in the Billions? Bankers.
Who doesn't go to jail for 'helping laws get passed or gutted'? (That they actually profit on because of insider knowledge/trading). Politicians...
What else do you invest in? Residential property which is massive over valued in fiat and has an incredibly high cost of ownership ( when factoring in interest and taxes and other hidden gov fees) the share market which is a ticking time bomb casino? Even good mining stock with great free cash flow ( even at current gold prices the AISC is still way lower ) will get dragged down if a big sell of happens. After I read the great taking it’s dawned on me nothing is really safe. The bastards plan to steal every thing from us. All you can do is make it as difficult as possible. PM outside the banking system, productive land unencumbered by debt and self reliance. I cannot think of any other approach
Gold is going a lot higher because governments around the world can t stop spending. A drunken sailor looks conservative around them. Gold went to $5,500 and is correcting. The correction has run its course. Very soon it will resume going higher. The fundamentals are so strong. Buy gold now it's on Sale.
Meanwhile here in Australia this crazy Federal Government has brought in 47% capital gains on all profits plus changing the tax laws on investment property plus bringing in HUGE amounts of immigrants because previously it added to there bottom line ,some how but now guess what ? there is a housing shortage in the cities , rents are enormous and hard to find We have often discussed the coming depression but in Australia it will be twice as bad because of these fools running it Kangaroo sandwich anyone washed down with a beer of course somethings never change
Agreed all. And IMHO the interest rate argument against Gold is a fictitious cover story for the financial comedy media to run with because REAL rates are close to zero. So, together with all of David's points, investing in UST/USD is providing little to no real return in a fiat currency which will continue to decline over time. What has really been going on is a desperate attempt to protect the UST "market" during a period where $10 Trillion needs to be raised, in large part to re-finance expiring existing debt as Central Banks continue to sell USTs and buy Gold. Watch what they DO not what they SAY?
There is no system to trade p m except into fiat dollars so it’s really a trap .GOING UP IN FAKE FIAT .THEY TOLD US THE PLAN NO ONE LISTENS CHINA AND BRICS IN THE UNIT,AND USA IN STABLECOINS ITS ALL A SCAM FOR ONE WORLD ORDER SET UP BY BIS .
Great post David. Let the mainstream media pull all their tricks. They are only fooling the weak handed new buyers. All the rest of us are not going anywhere. We know what real and fake money looks like!
If history rhythms, based on your Wiemar chart, we might have 5 to 6 years until TSHTF.
As to the main theme of your article - the lamestream propaganda channels are being tasked with shaking out as many longs as they can, so the elites and CBs can vacuum up maximum Au at these low, low prices. Anyone who's a long term stacker, knows you don't trade metals (real money) for depreciating fiat unless you absolutely need the cash right now, or you're a moron (in which case you're probably not stacking anyway, am I right?)
I rest my head on a soft stack of silver
Not to worry. There would be no "Motive" to denigrate any asset, if the intent was not to acquire that asset at a lower price!
Consult Mario. He is well aware of the scam behind "Brown's Folly". Gordon Brown (and cronies) drove down the price of gold so that insiders could buy Britain's gold at a very low price.
That should have been judged as treason, but the 'judges' all got a share....?
Fun fact I just learned last month: one metal dude (can't remembr who) called the UK selling off their golden relics assets cheap as "Brown's Bottom".... still makes me laugh.
Who doesn't go to jail for committing fraud in the Billions? Bankers.
Who doesn't go to jail for 'helping laws get passed or gutted'? (That they actually profit on because of insider knowledge/trading). Politicians...
Etc. .
How many politicians get cosy jobs at banks and vice versa?
What else do you invest in? Residential property which is massive over valued in fiat and has an incredibly high cost of ownership ( when factoring in interest and taxes and other hidden gov fees) the share market which is a ticking time bomb casino? Even good mining stock with great free cash flow ( even at current gold prices the AISC is still way lower ) will get dragged down if a big sell of happens. After I read the great taking it’s dawned on me nothing is really safe. The bastards plan to steal every thing from us. All you can do is make it as difficult as possible. PM outside the banking system, productive land unencumbered by debt and self reliance. I cannot think of any other approach
Gold is going a lot higher because governments around the world can t stop spending. A drunken sailor looks conservative around them. Gold went to $5,500 and is correcting. The correction has run its course. Very soon it will resume going higher. The fundamentals are so strong. Buy gold now it's on Sale.
Meanwhile here in Australia this crazy Federal Government has brought in 47% capital gains on all profits plus changing the tax laws on investment property plus bringing in HUGE amounts of immigrants because previously it added to there bottom line ,some how but now guess what ? there is a housing shortage in the cities , rents are enormous and hard to find We have often discussed the coming depression but in Australia it will be twice as bad because of these fools running it Kangaroo sandwich anyone washed down with a beer of course somethings never change
For many this will mark the end of a long and very erroneous journey…..
“the printer hot”
Agreed all. And IMHO the interest rate argument against Gold is a fictitious cover story for the financial comedy media to run with because REAL rates are close to zero. So, together with all of David's points, investing in UST/USD is providing little to no real return in a fiat currency which will continue to decline over time. What has really been going on is a desperate attempt to protect the UST "market" during a period where $10 Trillion needs to be raised, in large part to re-finance expiring existing debt as Central Banks continue to sell USTs and buy Gold. Watch what they DO not what they SAY?
Thanks David... yep, I gotta feeling....
(Forgettaboutit Gold Re-Val from El Presidente, it will be coming last week of July from Hong Kong ...)
Now back to the music
Beatles song...
I've got a feeling, a feeling deep inside
Oh yeah, oh yeah, that's right
I've got a feeling, a feeling I can't hide
Oh no, no, oh no! Oh no
Yeah, yeah! I've got a feeling, yeah!
Ooh!
[Verse 2: Paul McCartney, John Lennon & Both]
Oh please, believe me, I'd hate to miss the train
Oh yeah, yeah, oh yeah!
And if you leave me I won't be late again
Oh no, oh no! Oh no (Yeah)
Yeah, yeah! I've got a feeling, yeah!
I've got a feeling
There is no system to trade p m except into fiat dollars so it’s really a trap .GOING UP IN FAKE FIAT .THEY TOLD US THE PLAN NO ONE LISTENS CHINA AND BRICS IN THE UNIT,AND USA IN STABLECOINS ITS ALL A SCAM FOR ONE WORLD ORDER SET UP BY BIS .
That must mean the price of gold is nearing a bottom if the banksters are declaring it dead......
I will use it like the Cramer Indicator, reverse it.
DCA around $1750.
Keep stacking!
WELL SAID , you can lead a horse to water , but sometimes it has to drown before it drinks