Posted on 08/04/2014 7:59:04 AM PDT by SovereignSociety
Wall Street, the Fed and the oval office are determined to convince you that the U.S. economy is on the upswing.
After all, the economy grew at a 4% annualized rate in the second quarter. And jobs growth continues to exceed 200,000 new jobs monthly — assuming, of course, that you buy into the manipulations used to calculate the jobs picture and disregard the inconvenient truth that our economy is gaining more low-wage part-time jobs and losing more higher-wage full-time jobs.
So, apparently, life outside my front door is hunky-dory, peachy-keen and all-around nifty — at least that’s what one of those really smart Wall Street guys on Bloomberg radio told me to believe as I was driving into work on Wednesday morning.
Funny that it doesn’t feel hunky-dory, peachy-keen and all-around nifty.
And funny that the gold market seems to feel as I do — that behind the veneer of health lies a cancer that continues to eat away at our insides.
Just moments after that really smart Wall Street guy said how great the U.S. economy is these days, the radio host parenthetically announced that gold was trading in the range of $1,295 per ounce. That says way more about the economy than GDP growth and manipulated job-growth numbers.
(Excerpt) Read more at thesovereigninvestor.com ...
We all know the fake money is gonna blow up someday.
The problem is knowing when.
Meanwhile, the Dow is close to having lost 1000 points since its recent high. Even though it was being falsely propped up by unsustainable federal economic policy, when it heads down it has a significant effect on consumer confidence - and doesn’t bode well.
Signed up five days ago.
Four posts - Four excerpts.
No replies.
Sure looks like a PIMP to me.
(Any comment, Jeff?)
Hmm, didn’t gold crash and burn a couple years ago? It hasn’t climbed anywhere near its old high since. A lot of people got burned listening to gold bugs preaching apocalypse and doom a few years ago...
A lot of people got burned listening to gold bugs preaching apocalypse and doom a few years ago...
I’m all over junk silver, I have yet to sell a single coin. It’s not an investment tool for me. It’s for something else. Something related to my tag line.
If the economy was in real trouble, Gold would be above $1800 an ounce.
Thanks for pimping your blog. The least you could do is hang around and discuss it with us.
While I agree that the SHTF, Jimmy Carter style inflation is going to happen, I believe gold and silver are already inflated by the expectation that it will happen. This leaves seniors on a fixed income on the short end of the stick.
The problem is also isn't just timing, its the risk of being on the wrong side of a Federal Reserve and other central banks that do their damnedest to manipulate gold.
And you sell gold — right?
my late father got a bunch of gold and silver in 1998 before y2k he also listend to Art Bell he got a bunch of crap to the hand crank radio oh but anyways he passed away last year us 3 kids divided it up
Actually, the DOW is off about 650 points from its all-time record high -- about 3.80%. Yes, the DOW will eventually go down, and then it will go back up, and then it will go down again, before going back up. This is the way the stock markets work. The bottom line is that the DOW has been on a steady climb since 2009. An 8% to 10% correction is not only inevitable, but absolutely essential to the health of the markets.
Gold is in secular decline because of rising USA oil production.
The dollar has been balanced for the last couple of years because fed printing of dollars ex nihilo from nothing has been balanced by fracking oil creation of real dollars ex nihilo from nothing.
However, the recent turn in the stock market is because the rising print on the GNP means the fed is going to stop printing fake dollars in the near future—which means the dollar will go up because rising oil production creating real dollars will not be balanced by the feds printing fake dollars.
When the dollar goes up —the price of oil and gold go down.
For anyone with a sense of history —we are currently at the start of a rewind of the 1970’s.
Gold will come back but not for a couple decades.
but .. the “new jobs” are really from part-time jobs .. CREATED BECAUSE OF OBAMACARE .. and cancelling full-time jobs.
So, it’s another scam by the admin ..?? Pretend you’re hiring 200,000 workers .. when in truth .. they just got fired from full-time and hired as part-time.
In other words .. don’t look at what I have in the hand behind my back. This whole scam comes from the assumption that all DEMOCRATS consider anyone else “STUPID”.
"Is freedom anything else than the right to live as we wish?
Nothing else."~Epictetus
God bless this site, this Free Republic.
Please click the pic
$1800 could happen in days. Show me another investment vehicle with an annualized rate of return of over 50% since 2005.
That’s the thing. Nothing, nothing has killed in the investment world like gold. Nobody wants to talk about it.
Gold doing well is like finding clover in your lawn. You find clover in your lawn, it means your soil is toast, and you can’t grow grass on it anymore without completely replacing or reconditioning the soil.
Since 2005, what the stats say is that the lawn is completely clover, with large patches of brown grass where nothing will grown anymore, since Obama and his fellow travelers have peed on it.
The economy is in real trouble.
Precious metal prices are indeed an vital symptom of economic health. However the price of Gold and Silver are being deliberately suppressed to avoid an exodus from interest-related instruments and to maintain the value of the dollar.
The suppression mechanism is the creation of a vast sea of paper claims for Gold and Silver. Essentially there is a huge fictitious supply of precious metals which dwarfs the real, physical supply by about 100 to 1.
Which works out well for me. I get to buy ~ 3 Kg of silver a month at these prices.
When reality eventually strikes holders of paper metal promises will look hard at what they’re actually holding and try to buy the real thing. That is going to be a crowded trade!
We’ll never know the “when” of it,
and it’s unlikely that those who think they’re in control of when it happens truly are, either.
It’s enough to know the “if” question is not in question.
It’s going to happen.
Agreed, and I am in and vulnerable, so I share your long-term view. However, if the DOW’s rise since 2009 were indexed against the decline in purchasing power of the US dollar - and hidden inflation, the gains would be much less impressive.
What I was trying to say is that in the context of this very prolonged ‘recovery’ period for the US economy, things like watching your 401K decline makes a lot of people nervous - especially those without your knowledge of the market and longer term perspective. There are a lot of people who are ‘in’ the market just because of their pension plans etc., and the closer they are to potential retirement, the more nervous they are when they see numbers go down - even if these numbers will eventually go back up.
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