Gold has always been viewed as a hedge against inflation. Kinda dumb to be buying it at high prices in a deflationary spiral like we’re in now....
Look, the dollar is going to collapse ANY DAY NOw. We cant take the risk. Putting all of your money in gold will PROTECT YOU from the FED’s abuse of money.
“Gold has always been viewed as a hedge against inflation. Kinda dumb to be buying it at high prices in a deflationary spiral like we’re in now....”
If the price of gold is being suppressed then it’s a buying opportunity. Alchemy articles finding their way into media are typical of the strategies used by banking industry enablers.
Simply put, rising gold prices make banks’ fiat look bad or a competitive medium of exchange is unwanted. Gold has no debt attached to it other than the one time fees and costs to acquired it.
Basically, you acquire gold (or precious metals) in times of loss of confidence in fiat then sell it for fiat when an acceptable medium of exchange arises out of the ashes of this banking/monetary meltdown in progress.
This is the only way to preserve you wealth in times such as these.
I wouldn’t confuse ‘deflation’ with ‘loss of confidence’ when discussing currencies.