Posted on 09/25/2021 11:18:17 AM PDT by SeekAndFind
And this has been true for a long time.
Central banks, and their proxies (China, the EU, the US) greatly dread the precious metals' "tattletale factor" (if left alone, gold will expose the fact that currencies are nowhere near worth what they are touted to be). How can governments' banks short gold/silver? If they have to cover their shorts, they just go pick some more off the money tree.
But there's an end to it. They're kicking the can down a dead end road.
There are too many things happening in gold right now.
BlackRock’s Global Allocation Fund, which used to be heavily invested, is zeroing out its investments.
The wealthy of Hong Kong are moving out their considerable physical gold assets with the assumption that China will do something nefarious, and sooner rather than later. No idea as to that gold’s destination.
Sovereign funds have been doing a serious draw down of their physical gold stored in other nations. Even sub national holders are doing the same. Forex caused concern by returning different gold than had been deposited with them.
I don’t claim to be a financial guru of any kind, but the older I get the more convinced I become that every “investment market” is manipulated and that the best investment is land.
Gold has a built-in price buffering mechanism distinct from its value as a speculative commodity, and that’s how hard it is to obtain it, from panning it out of a creek to multi-billion dollar operations that purchase fleets of Komatsu ore loaders, a processing plant, and hire the local villagers for labor.
The problem with land esp on improved property anyway is confiscation.
Commies and socialist do it without apology. Now it seems the US does with no repercussions - rents got cancelled with no recourse while property taxes stayed in effect.
In the future, a brick of ammo will be the most valuable commodity.
Send me some of your silly and barbarous relics.
Confiscation of gold…littered throughout history…. In an apocalypse, gold won’t satisfy hunger. At a click of a pen…gold can be outlawed. Cutting gold coins or bullion to buy a bag of food seems impractical.. gold should be part of portfolio….but it’s no guarantee, and almost any type of investment….
I see gold as a long-term holding. For example, a friend has 100s of thousands of $ sitting in different bank accounts and is starting to get nervous. I keep telling them to move stuff around, buy some gold and store it in the safe at home, buy some junk silver, and get into some crypto. But they haven't quite taken the bait yet. I think the music will stop really soon and whoever doesn't have a chair to sit in is kinda screwed. History tells us that if the communists are actually able to complete the circuit, they'll take everything you have in the bank. Cash not in the bank will be useless because they will change or devalue the currency (already in progress). So you will need something that can be translated into whatever new currency comes about = gold or crypto. This is the part my friend doesn't understand. They keep fixating on the "how do I spend gold?" part.
If the SHTF people will trade an ounce of gold for an ounce of seeds,,cant eat gold,does no-one watch zombie movies?
hmm no they will trade a little lead and brass for your seeds...
admin please delete at least 4 of my previous posts
Competition from bitcoin and other crypto for the share of crackpot mind.
I don’t see people running around using gold dust for currency it’s simply not practical.
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