Coming months will give us a far better clue as to how far the trend is entrenched. All we know right now is that the general investing public, and mainstream media, remain out of the picture.
Jim Rickards commented to GoldCore today about the cyber theft: "The case for owning gold in an age of cyber-financial threats is compelling ... "
There is no smell here: metal has none. There is no noise, either, on account of the vaults’ thick concrete walls. What there is, however, is one of the world’s most important traded assets. Deals are still done in gold in almost every country in the world. Its price is a crucial barometer for consumer confidence. Prices rise when markets are uncertain, and before US elections – like now.
While he has learned their movements, and put this information to work for himself, and the Turdites, to turn a handsome profit, it does not take away from the criminality.
"I’ve said it a thousand times, you can bend but cannot break natural laws. And while technology and lack of broad participation in the markets can facilitate a bending of the natural laws at some point the fundamentals will release that grim swan upon the world. And so if you are still buying into the idea that the worst is over and we are now bound for the next 7 year bull, let me give you something to think about as you lay in bed tonight."
Marc Faber has warned that a new financial crisis is coming and will be worse than the 2008 one and warned that the “messiah” central banks “helicopter money ” policies “will not end well ...”
Each additional “bite” from the pie pushes the market closer to the edge. How many bites are left in the pie?
Tomorrow is already here, we just haven’t awakened to hear the news.
We have the power and the weaponry to change every community, every state and the entire nation without ever firing a single bullet. How is this possible?
"[The U.S. dollar] is not a desirable currency," Faber explains, "I think the most desirable currency will be gold, silver, platinum and palladium."
They are so opposed to it that there has to be something wrong with the story...
"Given the alternatives, I would vote for Mr. Trump, because he may only destroy the U.S. economy, but Hillary Clinton will destroy the whole world."
"Eventually, they'll buy all the government bonds; they'll buy all the corporate bonds, all the shares outstanding. Afterwards the housing market goes down, they'll buy all the homes and then the government will own everything... That's the road to socialism."
Even if you take the most forward looking date of 2018…we are on the cusp of a major change. Are you prepared?
Someday something will change and the confidence scheme will fail.