Skip to comments.Easy Fed Gives Gold Rocket Fuel
Posted on 06/20/2019 6:04:23 AM PDT by Migraine
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What will happen is what happened in Germany just after WWI.
My investor said gold will go up. He has a computer that tells him this, and his computer is usually correct.
An ounce of gold today is an ounce of gold last year, and next year. Like holding a rock or a pile of wood. Just easier to move around.
Trust in government is what changes, day to day. We know Trump will be gone in five years, at the least. We have a socialist crew of communists, with lead communists calling for a wealth tax, reparations, universal health benefits for the people of planet earth.
The day after Elizabeth Warren is elected and Corey Booker is her VP, gold will command twice as many dollars. That day may be closer than we think. We will have a different kind of trust on that day. A trust that we are the target of our government, and that we must lose our wealth to satisfy them. Much like chickens in a pen, a few hours before dinner.
You are on it my friend. It isn’t about yield curves or Fed funds rates. It is about confidence in the value of the fake currencies which are presently believed. Once that confidence weakens and belief is suspended, the collapse will be almost instantaneous.
Gold (and other tangible and defensible assets) then becomes the sole repository of wealth. Gold happens to be the most compact of all the liquid assets.
Yes but oil not confirming at the dirt cheap price of 55.00
investing in physical gold is a fools game.....gold does not have intrinsic value...
Does physical gold have less intrinsic value than fiat currency?
If you think the USD will never collapse then don’t buy gold. If it ever does collapse I will make you dance like a little poodle in a tutu for a bit of my gold.
But what are you going to do with that gold? Buy milk? Gas? I walk into my local mini-mart, for example, and buy milk, eggs, and coffee, and want to pay with a .10 oz American Eagle Gold Coin, currently worth $160.65. How am I going to convince the cashier, who is probably some pimply-faced high school dropout, to accept the coin? How is the cashier going to make change? And how is she going to know how much change to make since the price of gold can change minute to minute?
If the dollar collapses we will be in barter mode. Like I said if you think the USD will never collapse then don’t worry about it. If the USD collapses and people still take paper money it will be like Venezuela an OZ of gold will by a wheel barrel full of money. You will own the world. The only reason that gold is stuck now at a fixed price because it is being manipulated.
I trade gold, oil and Nasdaq futures (primarily-and some Ag futures too) for a living. It beats anything Ive ever seen. The whole world is full of ugly women right now. The US$ is just the least ugly in the room at this moment. But-its hideous.
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