Is anyone really interested in gold? I mean really who cares right? Erwin Witt, chronically negative on gold claims gold will be in a bear market for 100 years!!!! Do you believe him? If not, let him know here.
Sometimes we find the simplest things from God itself, Google. A simple search for "gold" produces:
If you want to know if inflation or deflation is going to "win", just look at the following chart:
The truth is, before deflation completely wipes out the asset base of the banks, especially the Federal Reserve, the dollar will need to be devalued against gold or the monetary system will need to be entirely reformed.
The winner? Gold. Fear will drive the masses into gold.
So in the short term I'd recommend picking up some DUST before the weekend. Most likely the Swiss referendum will not pass. It's just where we are in time. Most populations across the world are completely financially illiterate. Gold will probably get hit hard next week so watch your position closely. If we hit $1,000 I'll sell half my position and see if we hit $900. If we hit that I'll get out completely.
I'm not a financial adviser. The DUST position is simply to hedge my miner portfolio.
In the aftermath of the financial meltdown in 2008 central banks again
realized the importance of gold as an anchor in the monetary system;
European central banks stopped selling gold; Asian and South-American
central banks increased official purchases, and central banks from all
continents began to worry if storing gold abroad was wise when the
global financial crisis evolved.
It appears the rumors are true.
Islamic State is set to become the only 'state' to back its currency
with gold (silver and copper) as it unveils the new coins that will be
used in an attempt to solidify its makeshift caliphate. ISIS says the new currency will take the group out of "the oppressors' money system."
There are people in this world who are no better than animals. They think of themselves our masters and our betters yet their hearts and minds are as dark and cold and empty as the furthest reaches of the void of space. They should feel shame, guilt and embarrassment but instead they turn to the resentment of mankind to pull a veil over the mirror of their own self-reflection. They hate because they cannot love. They are angry because they live in fear. Fear of loss when they have more than billions of starving, poor souls who have as much right to life as they do. Why? Because they are alive! All that this universe has to provide and we have a cancer among us that needs extracting. These men, in actuality are all very small.
My background post BS was recruiting engineers for the automotive industry and then I moved on to finance. I had started investing for the first time during the .com boom and did quite well in very short order, thank you. And just as fast got burned. Being in finance I HAD to learn the markets in order to communicate with my high profile clients. Way leads to way and losses outweighing gains led me to understand how rigged the markets are. That's what led me to silver. That's now my goal, to teach others what I have learned.
All information provided on this blog are the personal opinion of the author. I am not a financial advisor nor do I promote the use of them save a very select few. All individuals are responsible for thier own decisions and I encourage all individuals to make decisions based on their own due diligence pertinent to their needs and comfort level. Knowledge just may be your salvation.