Gold's Timeless Truth
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One should never be concerned about the gold price measured by a suspect still standing monetary regime. Value placed on Gold in terms of fiat currency solely backed by the good faith and credit of bankrupt Governments whose Central Banks are counterfeiting paper money is only viable so long as the presiding monetary authorities legitimately maintain their credibility and supremacy over time.
The history of fiat money, to put it kindly, has been one of failure. In fact, EVERY fiat currency since the Romans first began the practice in the first century has ended in devaluation and eventual collapse, of not only the currency, but of the economy that housed the fiat currency as well. (The Daily Reckoning)
The inevitable failure of the western world's financial system will leave gold as the only veritable store of value still standing. Once the capital and economic breakdown befalls, the trust between the nations tied to the previous monetary order will have been irrevocably shattered. Gold then emerges as the essential and only long standing common denominator between sovereign States that no longer value each others' previously accepted paper obligations, having been entirely discredited, which hitherto had facilitated the exchange of goods and services between them.
The severe monetary, commercial and geopolitical dislocations that invariably ensue, unalterably follows the disintergration of the previous global means of exchange, in this case the Dollar. That is precisely the moment Gold takes center stage. When the dust finally settles, the only remaining store of value still trusted and acceptable as a means of fair trade is gold. It consistently has been for over 4,000 years of civilization's monetary history, which is about determinative a probability as they come.......
Finally, a new monetary system is eventually invariably reestablished between the decimated distrusting parties, forced to the negotiating table so as to resolve the ongoing global financial cataclysm, which can only be based on a universally recognized currency, and that my dear friends has always been gold. At the end of the day, the honest and genuine asset class is quite simply in class of its own, unequivocally valued by all concerned parties, particularly at that critical perilous juncture in time..
It's all really quite simple, it's not about the new Stock Market highs, nor the Dollar and U.S. Treasury safe haven. It’s all about tomorrow’s confidence in our Monetary system. Are you confident in the malignant malfunctioning monetization? Actually, the only pertinent question still remaining, is when, not if, it won't be a Happy New Year for our cocksure monetary mad men?
Money is stored labor. Labor is part of life. When you debase money you devalue life itself.
Oh, and for all those lost souls that incessantly dismiss gold as a barbaric relic, please be advised that the metal remains the best performing asset class of the new monetized millennium, by a country mile................ Be sure to let me know when that changes......
Moreover, Gold is simply financial insurance, whether you have paid $45 per month or $65 per month for crucial insurance coverage becomes entirely irrelevant when an instantaneous incendiary inferno burns down your home..................Capiche?
To quote the timeless Bobby Dylan: "Come in she said, I'll give you Shelter from the Storm"
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All I know is when i show somebody a Gold coin...
they go WOW...
funny how that works..
and silver, they keep bouncing in their hands feeling the true weight ....
Funny how that works!
Gold is fucking rare.For everey person on this planet
there is less then a ounce of gold available.
A lot of that gold is needed for jewlery and industry.
So just a little is left for monatary and investment(savings)
purpuse.It is a extreme privilage to own a few
ounces of gold.
At today's prices there is only $906 worth of gold for every person on earth. Just what you said.
BUT... amazingly, there is only $54 worth of silver for every person on earth.
This is just one more reason why silver will outperform gold in the next currency crisis. Not to mention that the gold/silver ratio is currently 77:1 when throughout history that ratio has normally been about 15:1. So the table is set for a rally in silver the likes of which the world has never seen before. It literally 'has to' happen.
Here's the source: http://www.zerohedge.com/news/2013-03-01/visualizing-all-silver-world
Gold already saved my ass a few times in life.
One year ago I was without work and I needed to
get a certain expensive certificate to get back
to a job.I exchanged a hunderd gramms and fixed
my problem.It did hurt a lot to loose part of my gold
but as soon as my paycheck arrived I started
buying my lost gold back again and some
more.
Gold was and will be my last man standing financialy.
In a famine, bread is money. Such a silly set of posts -- if you want to own gold, buy it after it bottoms. Otherwise you're just getting less than you should.
A better model is buying gold with commission earned from selling gold to others. It's a win win for everybody
www.teamramgold.com/about-us
"buy it after it bottoms"
Be sure and let me know precisely when that is. Until then, I continue to dollar cost average in.
More silliness. I didn't say buy AT THE BOTTOM. I said buy AFTER it bottoms. There are numerous charts available that show a bottom is not confirmed. I would gladly give up the first 20% gain when a breakout is confirmed rather than lose 20% of my principle like many goldbugs have.
Dollar cost averaging into a declining asset also means you aren't invested in something that is giving a positive return. That sounds like a lose-lose situation to me. But if you sleep better, it's worth it. Personally I wouldn't.
He is right. You can never know for certain when the bottom is in, but your odds are better once the weekly gold chart begins to turn upward.
Thank-you. And dollar-cost average into an appreciating asset. (Except for the "insurance" which you should just get and bury someplace safe!)
Your words work with respect to a perfect investing world strategy, but real world investing fucks your theory up totally.
Problem is - if the bottom has happened, and the fiat economy has tanked, you are fighting it out with everybody else who realizes safe havens are limited, and demand will outstrip supply in nothing flat.
So, buy after the bottom is sound advice, but also a recipe for standing in line, holding your dick, with no where to put it.
Better to be proactive, spend a few extra clownbux while they still are redeemable for real money, and have the asset to begin with rather than holding sweet fuck all but a good strategy.
In conclusion, buy the fucking dips, Bitchez.
Then, go row across lake Woebegone in an overloaded boat during a windstorm.
In a world where gold becomes the only true money, I don't want to be alive. Go ahead and build your hoard, and if your dream comes true you will realize how nice the fiat days were compared to being the king of the pile-of-shit-world you are anticipating.
Yeah , keep buying the fucking dip , for the last 5 years all the way down to bankruptcy.
My advice: if you want gold wait until gold hits 150 bucks , around 2020.
That assumes you know/knew when it should bottom, which is a non sequitur.......
Insurance is always invaluable when the time arises.........whether you paid $400 a month or $600 bucks per month becomes entirely irrelevant when the incendiary inferno burns down your home..........
Capiche?
OK, so buy your insurance and be done. Value doesn't matter. Are you seriously telling me it has taken you this long to realize you need insurance and so you are buying now? Dude, that was so 2009... Insurance should have been in the can 6 years ago.
Gold was $850 in 2009, and $500 ten years ago, and only $252 in 2001. You're right, insurance was cheaper then.
Gold is measured in oz., not $/£/€/¥/...
At some point an ounce of gold will be 10,000 Satoshi's .... , then 5,000 ,
Buh teh Bitcoin !!
Yeah, yeah, heard all that already.
10,000 Satoshi's, then 5,000, then 10, then 8,000, then 20,000, then, who knows what the fuck, 'cause Bitcoin is more volatile than a gas soaked rag shoved up your ass lit on fire.
Has about the same effect on your portfolio as a store of value, too. As in - too fucking volatile.
Only use I can see for Bitcoin is as a way to move money across borders. At risk.
Any change in Bitcoin pricing during the move is just an extra cost risk to doing business.
Apart from that, bitcoin is fucking useless.
Agreed , volatility , what a bitch. I mean , up 100,000% in 6 years , yeah that sucks.
Bitcoin = wasted energy. In order to "mine" buttcoins into existence, one must waste CPU cycles doing some ficticious mining, therefore creating a buttcoin Satoshi unit, the ultimate token of energy wasteage. But wait - the energy wasted to produce these hot potatoes, supposedly meant for "buy'n'hold" given the volatility (something you're not allowed to question, by the way) didn't all go to waste. It's locked up in the "wallets" of its users. Pray to god you don't lose that USB stick...
Bang on brother!
Thanks Bruno, more solid logic based on history and common sense.
Wonder how much those Confederate dollars are worth?
And those Reichsmarks? Oh yeah, invest!
Don't forget the wheelbarrow!
Man, America will be up shit creek if our cash won't fly around the world.
The thieves have pilfered the gold and/or sold it off to maintain 'all this'. (A Fred Sanford reference)
This was OUR property, not theirs, not the treasury. They are mere custodial stewards.
Lousy stewards at that. Only the House of Reprehensibles should be allowed to approve any sale of the gold, since we aren't on the gold standard. Did we not go off that standard to avoid the loss of our phyzz, our collateral, our damn money?
We will just buy more gold and silver. Wanna watch me do so? Fuck these people.
Just win baby!
Nice write-up there Bruno. You sure are helping to keep these yellow lead heads away from the blockchain for as long as possible , so the young smart ones can continue to load up BTC at these cheap prices. Yee Haa.
You're too kind brother.
Hoo boy - another reincarnated Fonestar wannabe.
Ride your block chain to the hanging tree of volatility, and string yourself up on the roller coaster algorithm of volatility.
Until it crashes and burns as another ponzi.
If you don't hold your assets physically, you don't own them.
2015 bitcoin up 40%
2015 gold down 20%
Goldfinger, He's the man, the man with the Midas touch, the spiders touch
Such a cold finger, beckons you, to enter his web of sin, but don't go in. (okie dokie)
Watch Spielberg do a digital remake and replace all the gold with fiat...
Gold in this "Go around" if you will represents truth in money and it currently shows us who the liars are. Gold is good right now because its "true" money in a world of liars.
At some point, I suspect in the next couple years on the outside, Russia and China, along with other gold-hoarding nations, will throw down on the USA, demanding the FED support the dollar in some resemblance to a gold-backed currency. Waiting for just the right moment, the yuan, and its sidekick, the ruble, will defrock the almighty dollar in the ongoing global currency war. The stage is already set; China's direct currency exchanges strategically located around the globe, will overnight become the monetary conduits for international trade. The dollar will wilt like a frost-bitten flower, causing most Americans' standard of living to crater in the epic devaluation.
While the governments of China, Russia and India currently encourage their respective proletariat to buy gold and silver to build individual wealth and bolster their nation's stockpiles, the US government, via their corporate subsidiaries, i.e., MSNBC, FOX, CNN, and their Wall Street affiliates, WSJ, Reuters, MarketWatch, etc., decry any value to the PMs, and even worse, turn a blind eye as their shills keep hawking seats to one of the world's longest running sold-out magical levitation shows, loading the bus, so to speak, for the ride of their lives over the world's highest financial cliff ever created into a decades-long darkness.
For those asleep at the wheel: Now is the time to acquire financial insurance. Gold and silver are extremely cheap. They are not going to get much cheaper--if at all. The rise of real wealth and the fall of fiat currencies is nigh. No one knows the exact time or date, but look around the world. Look around your town... and neighborhood. Feel the uneasy, quiet desperation of your friends and family. Growing commonplace are wars, regional conflicts, economic turmoil (Greece and Puerto Rico are the canaries), and the mounting losses of liberty and freedom. The world is on an unsustainable pathway and where it leads, no one knows. But insurance is always a safe bet to help you sleep at night. Hold-in-your-hand silver and gold are immutable. No faith required. Physical is the only safety net without a counterparty required. Of course, there will be many to explain why PMs are NOT sound investments, but I'm not talking about investing for a return. I'm talking about reallocating existing resources to a safe haven, completely out of the grasp of bankers, governments and Wall Street.
Don't delay reserving your tickets to the party. Prices at the door are substantially higher--and after the reset the value of your dollars will be substantially lower.
and i'll give you the mechanism through which china will do this. It doesnt have to come out with some public ultimatum to the US: it plans, in april, to have the shanghai gold exchange set its own physical gold 'price fix' as an alternative to the london fix.
Watch the price diverge.
shanghai will offer a premium on gold to the west - not huge to start with, just enough to entice the remaining holders of phys gold in the west to ship it over to the east for the premium offered
the West will then know it will lose every last drop of gold to the east unless it stops the paper games and outbids the chinese for physical.
Even if the illuminati are happy to see all the gold swing east, individual oligarch families wont stand for that. gold is the vessel their wealth travels in downstream to their future generations
investhurr, please advise of any other alternative asset that the oligarchs can use in this capacity with the same confidence. ... i didnt think so
You're absolutely correct. I can see how the term "throw down" implies "publicly" to some, but it wasn't my intention. At best, communicated via central bankers or political channels, but more typical of the Chinese, via action, would be my guess--the PBOC appearing to be a fancier of shock and awe.
Agree with your other comments, as well. It's hard for me to fathom any possible positive outcomes from America's and the world's growing fiscal crisis without the requisite accompaniment of considerable pain and suffering. Too much gluttony too long never ends well. Fortunately, endings always sprout new beginnings. And with that knowledge, I'm hopeful.
Currently, there seems to be no real political leadership, nor the possibility for change any time soon. All America's statesmen have abandoned ship. Self-serving elitists pilot the wheelhouse. But ultimately, Ol' Man River always wins, sweeping et al to the sea, making way for the next casino, upstream, rounding the bend, just beyond its predecessor's wake, laughter and mirth leaping from its lot, following the course of history, of thousands of years, one behind another, all swearing under oath, "This time is different."
Up and down. Round and round. Where this ends, nobody knows. But don't be a "fool." Hold gold and silver. Your mama had to have taught you that much.
Fbaz and Squid, good posts.
started buying krugerrands 30 years ago. even had a long run with Hannes Tulving and up to the end it was fine. Lucky I wasn't one of his last customers. Couldn't agree more. Over the years have had many conversations with associates. Convinced only (3) to hold physicals. I Never have sold an ounce.
Dealing with some Marcellus guys, mid streamers, compressors etc. they are still building. No demand and in many sites no supply, but build and spend they do. All brand new F-150's flying around with nothing accomplished. They can burn that cash and all first class.
LOL Having sprouted forth from the Southern Oklahoma oilpatch, I hear ya... see them all the time, everywhere, running hard and fast 'til the proverbial well runs dry. Money no object... until the banker wants his share. Not surprised to see their debt considered worthless. Good luck with that, btw.
I suppose on the bright side, there will be a LOT of nice trucks coming on the market... cheap. (:
Fantasy, self-delusion, and gold cult mythology.
Gold will CONTINUE FALLING, like, like, like gold !
Gold will be priced BELOW $900 by end 2016 - every fool buying inert shiny shit will LOSE wealth.
I sure hope so, good buying opportunity. If it gets to $700.00, I will buy some more. If it gets to $500.00, I will buy a lot more.
Your 'bearishness' on gold doesn't mean a great deal.
Personally, I do not measure my net worth in fiat dollar terms, but rather by ounces of silver, gold, platinum and real estate (ie, real assets, not worthless paper currency).
INN vessttt Hoore.
You are one dumb motherfucking bag of investment hammers, or, junior troll bait, or, both.
Once you get to shaving age, give me a call, and tell me what you learned.
Until then, your investment experience couldn't even out perform returning the lawn mower to your neighbor you borrowed.
"Gold will be priced BELOW $900 by end 2016 - every fool buying inert shiny shit will LOSE wealth."
If you want to roll the dice and short gold, go ahead, but you're much too transparent with your emphasis to have serious credibility among investors. Your urgency to convince readers to get on board the short-gold-to-$900 train belies your conviction.
As for me, I'd rather be a "fool" holding PMs a year from now with small losses than a greater fool without gold and silver in an unhinged world with $1400-$1600 gold and rising in Dec 2016. It's a pretty safe bet. Lose a little vs. lose a lot. Either way, I sleep well. And the upside potential is phenomenal.
Good luck with all your short-gold strategies. I have a feeling you're going to need it.
I am NOT recommending shorting gold. I would not put 1 cent into anything related to shiny shit, in the metals themselves, paper derivatives, shorts, or any other form.
Gold is a CULT, not an investment, and it will CONTINUE to LOSE value in spite of the continuous tsunami of mythologies, prophesies, hysteria & anxiety & fear scare tactics, hype, propaganda, sales pitches, hyperbole, and pure idiotic garbage predictions of the collapse of the USD and bankruptcy of US Treasuries that is ALWAYS COMING BUT NEVER COMES, like some frigid old woman trying desperately to get an orgasm but never coming.
I hope all you gullible cult-following and regurgitating fools put ALL of your money into gold, and CONTINUE to LOSE BIG because only when you lose big is the lesson expensive enough to learn big.
Your time span for "never" is rediculously short. US$ has been fiat for about 40 years now. Debt is climbing exponentially. Unemployment is climbing exponentially. Wealth gap in US is growing faster than exponentially.
It looks to me like you desperately want to believe what you say but .....
Best of luck to you. Keep buying treasuries and apple.
Thanks, but I don't do equities, too volatile and risky.
Average life of a fiat currency is about 40 years.
Tick Tock....
so would you prefer your wealth invested in a cult that is still going strong all over the world 6000 years later, or do you prefer a 25 year old cult like amazon?
hey, are you a scientologist?
I am an investment manager who manages a real multi-milion-dollar portfolio and who MUST earn income AND preserve capital, EVERY YEAR, regardless of what the environment and conditions are, otherwise some old retired person does not have the income to pay essential living expenses and some 501-c-3 charity is unable to fund its very worthy charitable operations to rescue lives in danger.
I am fed up with the continuous stream of stinking pig-shit gloom and doom, national bankruptcy, collapse and apocalypse, absurd irrational porn hype flooding out on ALL media from the priests, scammers, peddlers, hucksters, and profiteers of the gold cult and scam - they have ZERO credibility - they have been ABSOLUTELY WRONG ON ALL OF THEIR PREDICTIONS YEAR AFTER YEAR FOR DECADES, ESPECIALLY THE HYPERINFLATION SCARE AND PREDICTION THAT THEY HAVE BEEN SCREAMING ABOUT SINCE ZIRP AND QE STARTED in the USA 7 YEARS AGO.
Gold is LONG obsolete as money, NO REGIME wants a currency backed by or based upon gold, and none of you will EVER realize this fantasy except in your wet dreams. Gold is only just a commodity, nothing more.
Enough with this cult crap already.
"I am fed up with the continuous stream of stinking pig-shit gloom and doom"
And yet you are still here 16 weeks after gaining membership of ZH. Your handlers must be pleased.