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Nine Gold Myths Everyone Needs to Understand to Survive the Global Economic Crisis
There are a nine prevalent myths and false arguments that bankers and their puppet commercial investment firms have used to keep people from buying physical gold and physical silver over the years (remember the paper GLD and the paper SLV is NOT a proxy for physical gold and physical silver and from the information in the prospectuses, very likely nowhere near 100% backed by physical gold and physical silver as they claim). To counteract this misinformation and counterintelligence that bankers spread so that they may continue to impose their immoral and criminal fiat currency monetary system upon global citizens, I have made two videos that pick apart and disprove the nine most popular pieces of misinformation disseminated by bankers against gold (and silver). In part one below, I discuss myths 1 through 4.
(1) People that Buy Gold and Silver WANT the Economy to Collapse.
This argument is illogical and confuses cause and effect. This is analogous to warning people not to cook and eat raw meat that has been unrefrigerated for days, and when people eat this meat and become deathly ill, blaming the people that warned the others not to eat the meat for the epidemic of salmonella that is happening.
(2) Gold’s Price is Too High
People that make this argument have no idea why they say this. Just because the price of an asset is high does not mean it is expensive. One has to understand the asset’s value before one can make the valid argument that the price is “too high”. People that argue that gold’s price is “too high” routinely pay 2,500 times more than the price of gold for the comparable weight in diamonds yet never believe they are paying too much for diamonds. Yet, the facts are that the banking cartel artificially raises the price of diamonds and artificially suppresses the price of gold and silver on a routine basis.
(3) Gold is Useless During Economic Collapse Because You Can’t Eat It
Perhaps the dumbest argument yet. In every instance when fiat currency has collapsed, and EVERY fiat currency in history has eventually collapsed because it is akin to monopoly money, people that owned physical gold and physical silver were able to use these precious metals to buy food, including most recently in Zimbabwe and during post WWI Germany. People argue that you can’t eat gold and silver, but yet hold fiat currency of which about 98% of it exists ONLY in the form of digital credits that reside on the banking cartels’ computers. Hmmm, I wonder how delicious those imaginary digital credits taste? Furthermore, silver has anti-bacterial properties that keep water and milk pure for months, so whole you may not be able to eat, it, you can store liquids necessary for survival in it that will keep liquids pure for months.
(4) The Gold Standard Will Not Work Because Bankers Own All the Gold
The Bankers own all the fake imaginary gold and silver in the form of the GLD and SLV ETFs and paper futures contracts that are backed by almost no real physical gold and physical silver but just air. But certainly they do not own ALL the real physical gold and physical silver. If this were the case, then the banksters in Turkey would not be begging Turkish citizens to turn over all their REAL physical gold over to their fake banking system to save it. In the video below, I use the analogy of Poker to describe why a Gold Standard DOES work in protecting the citizens’ rights and consequently explain why Banksters hate the Gold Standard, using a real life history example of post WWI Great Britain.
Please share the below video with everyone you know as destroying the bankster propaganda campaign against gold is the first step to toppling the immoral global banking cartel. Sharing the below video with everyone you know is also one small way to stand in solidarity with Irish citizens that have refused to pay the newly banker imposed property tax. Spreading knowledge and breaking bankster lies is a necessary step towards breaking free of their immoral criminal fiat currency system. If you have a twitter account, I encourage you to tweet this message: "I stand in solidarity with 50% of Irish that have refused to pay bankster imposed property tax to bailout banks. Please RT if you agree!" Even if you do not agree with everything in the below video, I still encourage you to share it with your friends as open debate of the points I raise in the video is the first step towards eradicating misinformation and building a true knowledge base about our monetary system to replace the lies that banksers have taught us through control of our institutional academic system. If you disagree with the points in my video, perhaps by sharing it with others, someone with whom you share the video may also better be able to articulate my points in a manner that makes more sense to you. Please stay tuned as I will post part 2 with five more gold myths tomorrow.
About the Author: JS Kim is the Founder & Chief Investment Strategist of SmartKnowledgeU, a fiercely independent investment research and consulting firm with a focus on Precious Metals that is dedicated to helping people not only fight the immoral global banking cartel, but also to formulating strategies that we can implement together to help us win. From June 2007 to March 27, 2012, our benchmark Crisis Investment Opportunities newsletter has returned a cumulative +184.99% return to our clients while the S&P 500 has lost -7.25%, the FTSE 100, -11.74%, and the ASX 200, a whopping -31.43%. The major benchmark gold/silver index, the PHLX Gold/Silver Sector Index, has returned a significant, +28.04%, but still underperformed our newsletter by -156.94%, over the same investment period (*in a tax-deferred account). Follow us on Twitter @smartknowledgeu.
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Phillpat - the price of Gold and Silver is indeed manipulated by the central bwankers ...and the bullion banks who monopolise and rig the 'market' (cough)
I'm just surprised and shocked of all the myths in the metals markets Smartknowledge did not spot that old pile of bollocks used by the bullion banks to ramp price through the ages, that Silver is in shortage or the latest hip label, "backwardation"
the myth of shortages as they ramp prices must have 'slipped' Smartknowledges list of porkies like it slips the memory of every 'friend' (or shill) of the Gold-bug community
Funny thing is, Zero, that there is very LITTLE argument that silver is in shortage, especially from bullion banks or government sources. Where do you get such an argument? Silver isn't even really mentioned by those entities, but their propaganda arm does include the "silver institute" which puts out reports that always suggest silver supply and demand are perfectly balanced. If you're going to employ your own propaganda techniques on ZH, you better come with a defensible, sensible argument or your drivel will be easily identified as troll droppings. (by the way, using the played out "I stack too, but I'm tired of the lies" line is COUNTER productive to lending you any credibility whatsoever)
Au Shucks - "there is very LITTLE argument that silver is in shortage, especially from bullion banks or government sources.."
Would you expect Bullion Banks or Miners to state there was an abundance of Silver?!!
Being born yesterday presumably you've also fallen for the water, oil, food "poverty" lines too.
"..you better come with a defensible, sensible argument or your drivel will be easily identified as troll droppings.."
Quoting industry and Govt sources to defend your shortage scenario pinpoints your residence in Trollville ...is the name of your house "Backwardation" by chance?
Nah the best lie is the old "silver is actually rarer than gold" that you sometimes bump into
(and i actually own silver, just don't like lies)
Dont say that, you might summon the ghost of TMoseley! :o)
Is this referring to mined and refined or in the ground?
same here, i stack but i'm sick of the f'n liars (paid rampers and shills)
Zero, I think you're one of the shills. Measured by geological distribution, silver is about 16 times as common as gold in the earth's crust, but priced as if it were 50 times as common.
Measured by current market value, the world's stock of gold is much larger than available silver.
I think you stack BS.
stacking BS is the area of expertise of the bullion banks and their paid shills
the 'myth' I was adressing was there is no silver shortage, it's another sack of crap like food and water 'poverty' and peak oil
Do you have any evidence to demonstrate that there is no shortage of silver? I'd be interested to hear it.
These guys are pro-gold but anti bullshit http://screwtapefiles.blogspot.com.au/ you will find lots of good opinions to counter the nonsense and Bron (who works for the Perth Mint but blogs privately) explains the shortages are in refining capacity, not in bulk supply (yet):
http://goldchat.blogspot.com.au/
Yes, every other ramping of the Silver price in history
same old story as 'Peak Oil' and 'food scarcity' and 'water poverty'
i'm surprised you were born yesterday Quintus
Right.. there is no shortage of physical Silver.. that is why the Comex so often settles in cash, vs. physical Silver.. as documented so often by Harvey Organ;
"The CME notified us that we had only 2 notices filed today for a total of 10,000 oz. The total number of notices filed so far this month equates to 1277 notices or 6,385,000 oz. To obtain what is left to be served upon, I take the OI standing for March (321) and subtract out today's notices (2) which leaves us with 319 or 1,595,000 oz.
Thus the total number of silver oz standing in this delivery month is as follows:
6,385,000 oz (served) + 1,595,000 (oz to be served upon) = 7,980,000 oz
we lost 15,000 oz to probable cash settlements yesterday."
http://harveyorgan.blogspot.com/2012_03_11_archive.html
It's so absurd when you think about it.. here we have the price setting mechanism for Silver.. supposedly relating to supply vs demand.. but in reality you have only a tiny % of the contracts actually standing for phys delivery.. and even then the Comex can't settle all the time in phys.... why would that be?
TBTP can throw as many troll writers at ZH, Turd, etc., as they want... you will not stop what is coming from happening... the paper is going down.
yes Turd Ferguson thought the Comex was about to implode too... the date passed with just a whimper of hot air
False dichtomy. Peak oil, food scarcity, and water poverty have nothing to do with silver first of all. Second, peak oil is undeniable, as all it refers to are decline rates in production. Seeing as every oil field eventually goes into decline, and seeing as discovery of oil fields themselves has been in decline since the sixties, it's pretty cut and dry that peak oil is a valid concept, despite whether it fits into your world view or not.
Aww, boo, I don't like that my car's go-go juice is actually a finite resource. I'm clicking the wittle wed twiangle. Wah.
This reminds me of that joke about the 3 biggest lies in Texas...