I own mostly Austrian Philharmonics (they have beautiful Vienna Philharmonic instruments – violins, violas, cellos, a French horn, bassoon, and harp – pictured on one side, and a the great organ from the Vienna Golden Concert Hall pictured on the obverse. And they are struck in 99.99% pure gold). Doesn’t get much more beautiful than that! But I guess bullion coin investing isn’t simply an exercise in artistic appreciation, huh? Drat! :)
No economic market in history has performed as gold has in recent years. Each and every natural price spike has been squelched by the gold cartel (most people capitalize that title. I can’t.) And the (simplistic, but accurate) reason they rush to bash the precious metal every time it threatens to rise to its deserved heights is that they are attempting to hide the true financial conditions of the central banks, the failed economic policies of the Clinton (and cohorts) administration, and their disastrous short gold positions from which they (someday) will not be able to extricate themselves. Their ruse can’t last forever.
The gold futures market is one of the smallest volume markets. But the short position in gold (a la derivatives) is one of the largest. A huge financial collapse is going to occur once the gold cartel loses control of the market. And that day is fast approaching. As this article says, a successful manipulation must always be in the direction that the market wants to take. Any other manipulation not only fails .... [but will result in a market] that goes further in the direction of its intention than it would have gone in the first place. Therefore, the result of the attempt by the gold cartel to hold the market down will be to propel it higher than it would have gone [without their interference].
Those of us who want to see gold again used as the basis (and its value as the barometer) of a healthy monetary system should be buying that for which we are fighting – preferably holding a long gold position (comprised of a healthy mix of bullion, coins, and non-hedged stock). Gold is not, and never will be, dead as a monetary asset, and decades-old rumors to that effect (happily circulated by the cartel and its supporters) will be put to rest once the manipulators run out of steam and options. Their fiat money is beginning to be recognized as the worthless, baseless, most insidious form of pseudo wealth on the planet.
If you have to choose between trusting the natural stability of gold and the natural stability and intelligence of the members of the government .... and with due respect to these gentlemen, I advise you, as long as the capitalist system lasts, to vote for gold....George Bernard Shaw
(For whatever it’s worth, I’d say you’ll be turning a profit on your Maple Leafs within the next eighteen months .... :)