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In Gold We Trust, 2015
Submitted by Pater Tenebrarum via Acting-Man.com,
The Gold Standard of Gold Reports is Back
As every year around this time, our good friends Ronald Stoeferle and Mark Valek, the managers of the Incrementum Fund, have published their annual “In Gold We Trust” report, the extended version of which can be downloaded below.
This year’s report is slightly longer than the 2014 report and discusses practically the entire breadth of gold-related topics, including highly instructive excursions into economic theory, monetary history and an extensive discussion of current political and economic trends.
For the past few years, gold investors certainly had little to write home about. In dollar terms, gold has essentially been going nowhere, with a slight downward bias. Actually, the past three years in the USD gold price look a bit like the past 18 years of “global warming”.
And yet, a lot depends on one’s home currency. Gold’s sideways trend in dollar terms actually represents a small victory, given the strong rally in the dollar in 2014. As a result, gold price charts actually look quite encouraging in terms of most non-dollar currencies. In fact, its performance in euro and yen terms over the past 18 months has been none too shabby.
Moreover, as Ronnie and Mark point out, gold has held up extremely well in a disinflationary environment in which many commodities such as crude oil have been obliterated. As our readers know, we believe that the underlying bid that is supporting gold is from people who are looking at the third huge asset bubble blown by loose monetary policy within the past two decades and are feeling increasingly queasy. It can’t hurt to hold some insurance – and sooner or later it will be essential.
Naturally, while the party in “risk” still rages, it is widely held that this time is somehow different. Actually, every slice of economic history is unique, but as Mark Twain noted, history often does tend to rhyme. There is one thing that unites all credit expansions: they eventually all blow up – as in, no exceptions. In this sense, it is never different.
Gold priced in US dollars, euro and yen over the past 18 months. Gold may look weakish in dollar terms, but it certainly looks just fine in terms of every other major currency, via StockCharts, click to enlarge.
Since the last financial crisis, even more debt has been piled up all over the world. Much of this debt is collateralized by hopelessly overvalued assets, ranging from real estate to securities (it seems unlikely that many art works are bought on credit, but the vast money supply growth of recent years has certainly spilled over into this particular sector as well). More and more debt has come to depend solely on faith: the faith that governments will continue to be able to roll over their debt indefinitely without endangering the value of the currencies they issue.
Ronnie and Mark inter alia discuss Japan, the public debt of which by now amounts to 19 times its tax revenues. It seems obvious that buyers of the government’s debt can no longer merely rely on being made whole by its coercive powers of taxation. That leaves only the central bank’s proverbial printing press as a backstop to this debtberg. Well, we have seen it all before – countless times in fact. Somehow we have yet to see it end happily.
A solidus issued by Roman Emperor Heliogabalus, who ruled from AD218-222
One of the earliest known gold coins, the gold stater minted by King Croesus (who ruled Lydia from 561 – 546 BC). Incidentally, the coin depicted above sold for €63,000 at an auction (approx $70,500)
Conclusion
If you wonder why one should buy and hold gold while “missing out” on the seemingly unstoppable expansion in stock, bond and assorted real estate prices, the 2015 “In Gold We Trust” report should make the matter abundantly clear.
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<----- To Stack
<------To Buy Moar APPL
I don’t know how so many financial advisors and commentators can say that gold allocation in a portfolio should be zero, but the next time you hear someone say it, here is a good rebuttal.
Here's my rebuttal.
FUCK YOUR PAPER!
:)
And from other folks who know how much work it takes to generate this kind of report, trying to be as accurate as possible in printed form, thank you for sharing that work with us.
Interns and illegal aliens. Reports are now cheap. "Jobs Americans won't do..."
So the oldest coin in the world is a gold coin portraing a bear eating a bull, prescient I might say
Let's hear from a guy buying shares in AAPL.
I am not that guy.
BUY SILVER
:)
Gold is money, eveything else is credit...
"money is gold and nothing else"
-JP Morgan
"until a $5 Federal Reserve NOTE has more purchasing power than a 1964 kennedy 50 cent peice, the MoneyChangers can kiss my black ass..."
Kaiser Sousa
You're too generous, they can kiss my ass all the way to parity.
Given the current state of lawlessness on display by those who occupy the highest levels in government and finance, realistically, how will this dynamic play out for the average stiff who might have been prudent enough to pack away a few ounces over the years? Something tells me the former is not going to allow the latter to translate his prudence into profit, let alone survival.
Chaos can be very difficult to control.
"Chaos can be very difficult to control"
Not according to Max Igan, the title is called "Chaos is manageable" (https://www.youtube.com/watch?v=16DM0oBRlOM). He gives a good synopsis in this video if anyone cared to watch and see how all this chaos plays right into the globalists hands
Remember the motto of 33rd degree masons
"Ordo Ab Chao"
Already diversified into multiple countries. The Corporate socialists can do almost nothing.
The black market will always exist, and will always accept gold.
I like 22k gold jewelry So does the wife. Passes through airports with no problems. Have an Indian friend who gives a great discount so the premium is close to bullion coins.
I will offer $1,000 for the safe return of that coin pictured up above. I minted that shit, it's mine.
and speaking of the vast majority of dumb ass american's...
https://www.youtube.com/watch?v=RJm3cRRvPoM
"priceless...."
For those of you not actually in the physical metal .. I can highly recommend it.. because no matter what goes on in the EU Punch and Judy show... my stress levels reduced 90% knowing I have some bullion.
If you have the stomach for a bit of affiliate marketing.... use the commissions to get the Bullion... I have gathered up a nice stack of oz's in the last 6 months... all from commissions earned .. just by spreading the word... fuck we do it here all the time to each other ... preaching to the converted
You might think I'm just spamming, but I'm not... I'm deadly serious! I got involved in a German company called Karatbars International who produce Gold Bullion in small weights and boy am I glad on so many levels.
They developed an incredibly lucrative affiliate marketing system to get their product to market... Its free to join at the basic level although if you decided to go all in to earn the highest commissions the buy in price is essentially peanuts... FFS my day job Personal Indemnity insurance costs more per month!!
The downside is it's more a mass education programme than marketing,,, because aside from ZeroHedgers the financial IQ out there is well down the trickle down economic cascade and those people need to be educated to get some AU!
I know there are lots of you out there that would love to get your hands on bullion and get the money to acquire it from actually helping some of the lambs lined up for the slaughter - We could actually be doing something worthwhile.
Check out my website www.teamramgold.com its only a simple website to give a snapshot of the programme, but feel free to get in contact with me and I'll show you an incredible system. It could be the most lucrative email you will ever write..
And yes OK I am pitching (a bit) but if you get the programme you will understand why.. I'm a capitalist but with a social conscience. Try it.. what have you got to lose.. nobody has any friends anymore .. and sure these £ $ € are just shit
"You might think I'm just spamming..."
You're spamming.
Agreed he is spamming, but at least the content is gold related, and associated with a gold oriented article. So I gave him an up arrow, only for this time.
Double post, ignore please.
Thanks for the support Latina Lover... Ok I admit im pushing this thing a little... whats wrong with that... just to let people on ZH know there is serious money to be made in this programme .. its not MLM BTW - its simple referral commissions that all..
But the product is superb that is the only reason im involved. If you read and comment on ZH your intelligent - all I'm suggesting is that you use that intelligence and earn some €€ and gold from it.. What's the worst can happen.. you have a stack of gold bullion at the end of it!!!
The reason I'm promoting in on ZH is because you guys are economists/accountants/professionals and understand the fiat currency issue. So why don't we band together and use a system developed by Karatbars, make some money and perhaps help a few people get some bullion.. it may be the only thing they have when the ticker reached zero.
Look at the end of the day all I know is that it works and works really well at that. You tell a few people about karatbars, they purchase some bullion you earn commissions in €, you acquire some bullion with that € and spend some of the € on the day to day shit..
email me if you want to know more... I'm here to help I know the system inside out.. I did a lot of due diligence on them.. there isn't much to complain about.
ram.
"In GOLD We TRUST" Report - w/Ronnie Stoeferle https://www.youtube.com/watch?v=bRIahC_bSJg
Gold is good when you have too many pounds of silver.
Gold is NOT an investment....
its insurance.
An investment means you want to tade it for fiat one day. You DON'T trade gold (or silver) for fiat, you save it for the day when fiat has gone to its intrinsic value.
Squid
So let someone's investment become your insurance.
A new gold standard will only enhance the power of those who own the gold, which is not the usa. It would be crazy to allow the big intl bankers, russia, china, and india to effectively control a "new" dollar, just as it's crazy to allow the bankers to control our current dollar.