If You’ve Got Gold, You’ve Got Money; If You Haven’t Got Gold, You’ve Got a Problem

Sprott Money's picture

 

 

 

If You’ve Got Gold, You’ve Got Money; If You Haven’t Got Gold, You’ve Got a Problem

Posted with permission and written by Rory Hall, The Daily Coin (CLICK FOR ORIGINAL)

 

 


 

Akin to ancient Rome, the United States has over-extended herself. She has created a climate that could easily be transformed into a war on a slight pretext. Wars, as it is well known are also a means a nation can extricate itself from debt and financial responsibility. – The U.S. Endgame, Jeremiah Johnson (nom de plume, retired U.S. Special Forces, excerpt from Zero Hedge

 

One would have to be blinded from either denial or ignorance not see the escalating political and military tension between the U.S. and Russia/China. While the U.S. media spins the story into a tall-tale in which BRIC nation leaders are the provocateurs, the truth is that the U.S. has transformed its illegitimate “war on terror” into war on the world in a
last-gasp attempt hold onto the economic and geopolitical hegemony it has enjoyed for several decades.

 

When you see that men get richer by graft and pull than by work, and your laws don’t protect you against them, but protect them against you – you see corruption being rewarded and honesty becoming a self-sacrifice – you may know that your society is doomed. – Francisco’s “Money Speech,” from “Atlas Shrugged”

 

If you reread that passage, think about how it applies to the Patriot Act, Homeland Security Act, Wall Street, the Justice Department and Hillary Clinton. It’s pretty obvious the U.S. is collapsing economically, politically
and socially.

 

Perhaps the one last chance at saving the United States is embracing the truth – the truth as it is and not the “truth” the U.S. Government would have you believe. But economic and political truth is seeded in honest money – think about the Federal Reserve, the Comex and the political elitists in the context of this passage from “Atlas Shrugged:”

 

Whenever destroyers appear among men, they start by destroying money, for money is men’s protection and base of a moral existence. Destroyers seize gold and leave to its owners a counterfeit pile of paper. – Francisco “Money Speech”

 

The San Francisco Fed’s “President,” John Williams was blowing his weekly smoke on Monday. He said that higher interest rates would trigger “big movements downward” in asset valuations. He didn’t exactly discover plutonium with that revelation. But with his comments, Williams inadvertently admitted that the policy makers were responsible for creating what is now the biggest asset bubble in history. This is not going to end well.

 

The Shadow of Truth hosted Alasdair Macleod for a discussion which ties into the ongoing financial, economic and political collapse of the United States. Alasdair offers some original insight into the manner in which the inevitable geopolitical and financial “reset” might unfold:

 

Until and unless you discover that money is the root of all good, you ask for your own destruction. When money ceases to be the tool by which men deal with one another, then men become the tools of men. Blood, whips and guns – or dollars. Take your choice – there is no other – and your time is running out – Francisco “Money Speech”

 

 

Please email with any questions about this article or precious metals HERE

 

 

If You’ve Got Gold, You’ve Got Money; If You Haven’t Got Gold, You’ve Got a Problem

Posted with permission and written by Rory Hall, The Daily Coin (CLICK FOR ORIGINAL)

 

 


 

Rory Hall, Editor-in-Chief of The Daily Coin, has written over 700 articles and produced more than 200 videos about the precious metals market, economic and monetary policies as well as geopolitical events since 1987. His articles have been published by Zerohedge, SHTFPlan, Sprott Money, GoldSilver and Silver Doctors, SGTReport, just to name a few. Rory has contributed daily to SGTReport since 2012. He has interviewed experts such as Dr. Paul Craig Roberts, Dr. Marc Faber, Eric Sprott, Gerald Celente and Peter Schiff, to name but a few. Visit The Daily Coin website and The Daily Coin YouTube channels to enjoy original and some of the best economic, precious metals, geopolitical and preparedness news from around the world.

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Wow72's picture

"When you see that men get richer by graft and pull than by work, and your laws don’t protect you against them, but protect them against you – you see corruption being rewarded and honesty becoming a self-sacrifice – you may know that your society is doomed. – Francisco’s “Money Speech,” from “Atlas Shrugged”"

Isnt the insight incredible? Its just incredible. Thats exactly where we are. We really arent as bright as we think we are and these messages have been around for thousands of years because people wanted us to be able to recognize what is happening around us.  This is really an incredible, priceless, message from the past.  REALLY.  Know that some of the people that came before us were in the same position, just different and in most cases smaller.

"Whenever destroyers appear among men, they start by destroying money, for money is men’s protection and base of a moral existence. Destroyers seize gold and leave to its owners a counterfeit pile of paper. – Francisco “Money Speech” "

Look or Sound familiar? and HERE WE ARE. WE FORGOT.

"Until and unless you discover that money is the root of all good, you ask for your own destruction. When money ceases to be the tool by which men deal with one another, then men become the tools of men. Blood, whips and guns – or dollars. Take your choice – there is no other – and your time is running out – Francisco “Money Speech

I believe this is where we are. and your time is running out 
 

"Until and unless you discover that money is the root of all good" This is the truth we need to come to this realization. MONEY not CURRENCY.   Its all in these words. From thousands of years ago, imagine it.


Wow72's picture

We are capable of achieving something Great, those words really are a beautiful recognition of Human Nature, we just need to be able to convert it to be able to move by this point the next time? How do you do it.  Havent been able to yet because with just enough time people forget and it happens again.  There always seems to be enough time for it to happen again.

Correction: Not from thousands of year ago    Atlas Shrugged is a 1957 novel by Ayn Rand

meterman's picture

Why do I bother - This is just another ZH PM pumping piece by another "gold cult hucksters, priests, and hustlers".

See above for full text of quoted description of the enemy. 

flyonmywall's picture

The idea is to "Buy low, sell high", with any investment, including gold. Buying over a period of time helps smooth out the high and low points.

Yes, gold can me money, but over the last 10-20 years, it has acted more like an investment, which should not form 100% of any portfolio, of course.

If you lost your shirt in the gold market, and invested with money you need to live on, you should not be investing in the first place. Stop complaining, and get a better advisor then. i would say if you're a gold bug, I would still not put more than 20-30% into Au, and still have a diversified porfolio for the rest of it.

By diversification, I mean real assets, Lead, steel delivery systems, productive land somewhere, maybe an extra house or two. Fuck treasury bonds.

 

Sanctuary2's picture

ANOTHER GOLD AD disquised as a news item?! the hell you say!

Flying Wombat's picture

Kranzler this morning:

Rigged HFT-Driven Paper Trading Drives Gold Lower Today – Dave Kranzler

http://thenewsdoctors.com/rigged-hft-driven-paper-trading-drives-gold-lower-today-dave-kranzler/

Jungle Jim's picture

If you've got any significant amount of gold you just *lost* a lot of money today.

I'm with Big Jim: if I had *sold* at the top in 2011, instead of following all the Gurus' advice to hold fast and even stack more, I would not be dwelling in the worst part of the 'Hood, and facing homelessness now.

I'd still be able to pay my rent and my bills and my debts. I might even be able to get medical care for my so-far untreated health problems. I might be able to get the surgical repair I've postponed for over six years of simply living in pain.

I might not be driving an 11-year-old "Katrina Car" with all-fried electronics.

And I know I'm not the only one. Countless people like me who listened to the wrong people's lies and bogus predictions lost their life's savings, their homes, their marriages, their health, and in some cases their lives.

But no one apologizes. No one says they're sorry, they were wrong. All anybody can say is "Keep stacking!" and "BTFD!!"

Well, we don't have any more money left to stack with. We are *dying*here, and all anyone does is point and laugh and pat themselves on the back for stacking high way back in the day when gold was like $245.

Eddielaidler's picture

Your post reeks of BULLSHIT. If it is true then you are a DUMBSHIT. I stack for the diversification and the hedge on the dollar. That's it! If it happens that there is a more extreme need for it then so be it but only a fool would buy for short term needs.

lakecity55's picture

JJ- Au is a long-term hedge. We have Au passed down from 4 generations.

DO I stack? Hell, yes! But I also spread (hedge) the risk around with other stuff.

o r c k's picture

Jungle ?? Even when the violins are playing--keep stacking.  (isn't love never having to say you're sorry?)

SILVERGEDDON's picture

Hey, Jungle Jim dick head - if you invested your mind body and soul in gold on the ramp up, you are a fucktard. Now, you are broke and whining that it is all someone else's fault for yelling " SQUIRREL !!! ", so you could run around like a retarded Golden Labrador type of investor ?

Or, contrary to a squirrel's behavior, you put all of your nuts into one tree ? And, now you are whining because someone came along and cut down your one tree ? Everyone also said to carry a balanced portfolio, with maybe 5 - 20 percent of your holdings in metals, not your entire mind, body, and soul, dipshit.

Even that is forgivable behavior, if you sucked it up, dollar cost averaged your purchases, and clearly understood the physical metals market. The time line for metals investing is measured in decades and lifetimes, not quarterly statements and a few years of panic before selling short.

Jesus fuck a duck, son, stop watching tee vee - it is rotting your brain. You probably think Kramer is a God Of Investing, and Kim Kardashian's ass has value too.

Gather up your courage, and forge ahead. Wait for reality to make your investment worthwhile.

Sturm und Drang's picture

.."Kim Kardashian's ass has value too" I'm sure her pimp er, agent thinks it does.

One-Eyed-Thong's picture

I went out to buy some gold rounds this weekend but i didn't have enough money

so instead i bought some lead rounds

 

100 rounds for $40

not bad

 

 

lakecity55's picture

God, Guns, Lead and Gold....

Need we say moar?

Or, Secularism, Guns, Lead and Gold for the non-religious; it still works....

lasvegaspersona's picture

Most can't conceive of it but using fiat currency with no direct ties to gold allows gold to function as a wealth asset, protected from the ravages of free spending governments.

Almost everyone who recognoizes the value of gold is married to the idea of a return to gold as money. The problem with this stance is that once gold is money it becomes vulnerable to over-printing as it always becomes just another fractinally reserved item.

As a wealth asset along side a fiat currency system however gold could protect the saver. as governments do their usual theft of value, over time, through inflation.

malek's picture

Did you hit your head recently?

If we had a currency with ties to gold, how could free spending governments destroy gold's function as a wealth asset?

Silversinner's picture

I have to admit, I am addicted buying gold and silver coins.

Every month when my coins come in I feel like I cheated

someone out of their gold and silver.Year after year my

wealth grows and more important my financial independence

grows with it.Honest labour for real money.

 

 

Pareto's picture

It is a total addiction - to saving!

 

I can think of a lot worse things one could be addicted to.

bbq on whitehouse lawn's picture

Gold is all about international trade. Right now the US dollar is internationaly traded, most of the civilized world you can go and spend the currency of the relm an get what you want even if not at the price you want it.
In the absance of the US dollar what other currency would have such a reach. What do you use for international trade?
Gold, then it becomes gold. If the US dollar is no longer stable enough for international trade then Gold would be the fall back currency.
The biggest problem with that fall back is that no one has gold enough to trade at these prices. So Golds price in local currency would need to change. This change would reflect a Gold's "liquidity" in that currency.

JailBanksters's picture

Hold on there cowboy, It ain't simple

You can't buy a can of coke with Gold

You have to take the Gold to somebody that is willing to exchange their hard earned ones and zeros stored on a hard drive somewhere for your Gold. And it's up to them to decide how many ones and zeros to give you.

Hell, my Local Government won't even accept cash to pay bills on Trains or Buses, only ones and zeros transfered from one hard drive to another hard drive.

sekhars's picture

jail Banksters , use Bit Gold they give you mastercard which is converted to USD or 5 other currencies on demand and deduct amount of gold in that currency at that point of gold price. 

Break_the_Bank's picture

You confuse money with currency. Gold meets the definition of money. Fiat meets the definition of currency. Fiat is based on faith. Paper requires belief to give it value. True, today faith in the USD is probably greater than faith in all the religions  combined. But faith in paper currency is fleeting.  Sunken ships having gold and silver on them are  sought after for the PMs. Paper currencies on old sunken ships are worthless. When faith in the USD wanes, you will wish you had  some PMs. 

mtl4's picture

Gold is a commodity unless a gov't deems it otherwise, but they can also reverse it again just like FDR did........commodities have value too, that's why they harvest it from sunken ships.

If someone has food and you have gold and you're both starving do you think they will trade with you?

Stu Elsample's picture

Try buying something with that piece of plastic if and when that hard drive system crashes. I picture you being no different than the totally unprepared welfare system leeching ghetto zombies whose EBT cards no longer get them the free goodies they expect. Good luck.

InnVestuhrr's picture

The only definition of "money" that matters in the REAL WORLD TODAY is that money is what you must have to pay your living expenses, eg housing, food, transportation, insurance, taxes, services, products, etc.

Therefore gold is NOT money in the REAL WORLD TODAY.

If you have a way to travel back in time, then you can go back to an era when gold was money, but gold is NOT money today, and will not be in the future because NO regime can survive with limited spending and debt.

NoBillsOfCredit's picture

"NO regime can survive with limited spending and debt."

You are wrong.

Break_the_Bank's picture

Yoiu confuse currency and money. Travel back in time and retrieve the gold treasure from a sunken ship. The gold and silver will have value today. If any paper currency survived on the ship, it would be worthless. Currency is temporary and based on faith. Gold has intrinsic value and stands the test of time.  You can always exchange gold for fiat. The reverse is not true. End of argument. 

ramgold2206's picture

they are not doing so great using the fiat stuff either!

 

http://ramgold.ilp24.com/18968

Theonewhoknows's picture

Remember, the US is only one of the markets in the world. Choose another one to store your capital through the storm and come back with more money, influence to hopefully contribute to taking this country back. http://independenttrader.org/how-to-pick-countries-for-future-investments.html

PhiBetaZappa's picture

If you haven't got ammo you've got a real problem. 

vollderlerby's picture

If you haven't got ammo you won't be having gold much longer after SHTF.

cosmyccowboy's picture

do you really think that squirell rifle is gonna do you any good when an tank rolls up in your yard?

skinwalker's picture

How many tanks are there in the military's hands? 10,000? In any event, there are far more yards. Hard for a tank to be 1,000 places at once. 

 

Besides, it's actually not that difficult to slow down a tank. 

InnVestuhrr's picture

If You’ve Got Gold, You’ve Got ZERO Income

Gold Money's picture

If you got a 100$ bill you have got ZERO income

So you need compare apples to apples. Compare a bar of gold to a 100$ bill. Compare a CD to lending out your gold. In regards to the latter, both give you about the same income at the moment, which is slightly above zero. If interest rates were higher, the interest on your gold you lending out is higher too.

But of course, if you compare the income of a T-bill you bought 20 years ago to about anything right now, it looks great....Just that that doesn't make any sense, does it? Why woudl you even do that?

Break_the_Bank's picture

No, but i have a hedge against a falling currency. Something I can leave with my heirs after I'm gone that will continue to have value no matter what currency the world is using. 

Vendetta's picture

Saw an ad on bank sign for CDs yesterday .... 0.05% APY for 6 month CD.... sounds like zero to me also

InnVestuhrr's picture

Bank demand deposit accounts are not intended to pay high levels of interest.

 

My USA treasuries are paying me from 5.0% to 6.25% EVERY DAY

My USA bank brokerage CDs are paying me from 2.85% to 3.5% EVERY DAY

PLUS

I get par value returned to me at maturity.

malek's picture

And the best thing is those high levels of interest still give you less than the real rate of inflation!

Plus to get par "value" returned, you're locked in for 10 to 30 years!

Al Bendova's picture

"My USA treasuries are paying me from 5.0% to 6.25% EVERY DAY

My USA bank brokerage CDs are paying me from 2.85% to 3.5% EVERY DAY"

 

That's some of the stupidest shit I've read today.

ClydeCrashcup's picture

God you are a flat-out liar!  That, or else you are stuck back in 1990.

Show us where ANY US trashuries are currently paying ANYWHERE near 5% interest!  Only those purchased many years ago might still be earning that today.  And the same for bank or brokerage CDs ---- those have been stuck in the (low) sub-1% range for many years now as well.'

If you're going to lie here, at least TRY to make them sound believable.  Yours are just egregiously bullshit.

beeeeeep's picture

Don't worry about that idiot, Clyde.  You can tell he knows absolutely nothing since he's stating he's getting 5% every day and he reiterates EVERY DAY.  That would mean a $10 investment over one year would be worth $516,303,253 in a year.  It's very obvious he has no idea how interest works which is one of the basic foundations for any discussion on economics.  That and he's flat out lying.

InnVestuhrr's picture

"EVERY DAY" means that you get paid interest for EVERY DAY that you own them.

I have been earning record-breaking high capital-gains income trading USA treasuries, and getting paid interest for EVERY DAY that I hold them just adds to the profits instead of costs or lost income compared to gold.

skinwalker's picture

I find that unlikely. 

 

In any event, while you crow endlessly about your lousy 5%, I don't get out of bed for less than 20%. It's called having your own company, which can be insanely profitable. 

 

Some of my excess gets put into metals, as I know all too well that no party lasts forever. 

InnVestuhrr's picture

If you knew anything about investing, shit-for-brains, then you would know that you can buy older USA treasuries and brokerage CDs that pay higher coupon rates and that keep their price better than the current crop.

What a ignorant loud-mouth fool you are.

ClydeCrashcup's picture

And if you knew how to do anything but LIE, you would tell us then why anyone bothers to buy or 'invest' in the vast amount of currently and recently issued US trashuries that are paying 2% or less (most of them MUCH less) in interest, or bank CDs that are paying in the sub-0.1% area as well?

InnVestuhrr's picture

The reason is simple enough that even a retard like you could understand it:

HIGHER RATE OF INCOME

The yield-to-maturity on the older USA treasuries and brokerage CDs is lower than the yield-to-maturity on the newer ones, BUT the income rate is MUCH HIGHER.

Retired people and organizations (eg 501-c-3) that NEED to generate enough INCOME to pay their living & operating expenses MUST have the higher rate of income that these investments offer in spite of the slightly lower yield-to-maturity.

ClydeCrashcup's picture

LOL

You remind me of that old adage, about the man who knows the price of everything and the value of nothing.

ramgold2206's picture

your misleading - a more accurate statement would be "if you "Only" have gold you have zero income"

Gold is not an asset and does not claim to be, it is an inflation immune store of earned wealth.

 

 

 

http://ramgold.ilp24.com/18968

InnVestuhrr's picture

Gold pays ZERO income on ALL the money that you exchanged for it,

AND

you have very high transaction and storage costs for gold.

Gold has NEGATIVE yield.