I hid mine in my mother's basement and some maintenance dude found my stash. Fool sold it for pennies on the dollar.
signed, Martin Armstrong
Posted on 07/21/2025 6:23:49 AM PDT by delta7
November 25, 2009 --From yesterday's Associated Press: "Demand for gold held up as investors looked for safe places to park their cash. Gold is seen as both an alternative to a weak dollar and a safe-haven investment because of its stable store of value. That has helped drive gold prices to record highs this year."
This pre-Thanksgiving period seems more important than any other I can remember. The place where I park is empty, meaning that everybody has high-tailed it out of town. I note that the Christmas signs are up already -- lights, sales ads, reminders. Long ago I called Christmas "inventory reduction day." I've never seen the stores so anxious to unload their wares -- and their employees as well. And I wondered, "What would Jesus say about our modern merchandise-loaded Christmas?"
Despite what our government tells us, it's been a tough year. In the last day I've read five full-length articles regarding why the employment and unemployment statistics are an outright lie. Even the Prez admitted that employment statistics are an "inexact study."
Stock Market The Dow has been leading this market higher. Some of the other major stock averages are failing to hit new highs with the Dow. My main concern with the market action now is that volume has dropped off dramatically. This tells me that the big money, the institutional money, has moved to the sidelines.
I've been telling subscribers to be in gold rather than stocks. Why? Because gold is outperforming the strongest sector of the stock market, the Dow. No guessing here. The chart below shows the relative strength of the two. As long as the ratio rises, it's telling us that gold is the place to be. Why debate it? Charts don't lie.
Gold -- There's still loads of scepticism about the rising price of gold and the bull market in gold. It's been so long since the US public (since 1971) realized the gold was real, Constitutional money, that they don't know what to make of the gold action. They think gold near $1200 an ounce is expensive and they'd rather have dollar bills. I've coined the phrase, "dollar-bugs" for these ignorant Americans. I guess they'll have to get educated the hard way, which means holding on to their fading Federal Reserve Notes, no matter what. As far as I'm concerned, it's an amazing example of mass brain washing. "Hey, I'd rather have junk paper turned out by the Fed than the real thing -- gold." Pathetic. And the happy thought is that you can (legally) still swap your junk fiat paper for gold.
As I write the Dollar Index has broken to a new 15-month low. This must be driving the Bernanke-Geithner team up the wall. Despite their stupid protestations, the Administration wants a cheaper dollar. It's a battle in favor of rising exports against our collapsing currency. In his all-out war to halt the deflationary bear market, Bernanke may be losing a bigger battle -- our nation's currency.
Gold is the immutable standard of value. Everything I watch is now sinking in relation to gold. And I'm talking about stocks, the Dow, the S&P, almost all the world's currencies, all the world's stock averages, most commodities, bonds, real estate, land, you name it. My old friend, James Dines calls it the "great stealth bear market," and he's been very right.
I could include relative strength charts of gold against all of the above items, but what's the use -- you get the idea. Against the standard, gold, the world is deflating, and no amount of paper-creation has been able to change that!
For some long-term perspective, the chart below shows the Dow in term of gold going back to the year 1999, Take your choice, you can call it the "stealth bear market" in the Dow," or the "stealth bull market" in gold.
This is the reason why I have wanted my subscribers to be in gold rather than stocks or anything else. Gold is THE place to be. Period!
Richard Russell Editor-in-chief - DOW THEORY LETTERS
“History repeats….as do Economic cycles….our current Gold Bull has just begun”
It is only half way to the 2015 value you predicted in 2014!
que the bitcoin bugs in 3.......2........1........
I’m not seeing it. The time to buy gold was the last quarter of 2022, 3rd quarter or 2018, and last quarter of 2015. Silver? That’s a different story. Gold may go up, but if you’re still waiting to buy, you missed the prime time to buy.
The reason for the disparity, is that bitcoin is, like fiat money, easy to exchange than is physical gold.
“History repeats”
Yhen gold will be flat for the next six years?
Gold:
2009 - $1,000
2015 - $1,000
If I could do 2009 over again I would buy single family homes and watch as they appreciate 300 percent.
“If I could do 2009 over again I would buy single family homes and watch as they appreciate 300 percent.”
Always a good long term plan if you can manage it the renters. Leveraging would net more than 300%.
I moved frequently so never took that path.
ETN - + 1500%
AAPL - + 35005
Why post a sixteen year old article?
Current market trends are not interesting enough for gold bugs?
I have been ‘stacking’ when I can about 20 years now. I have NEVER heard an advertisement or “expert” say “NOW is the time to SELL gold.”
See my #6
#”Current market trends are not interesting enough for gold bugs?”
Delta7 used to say worldly treasures were meaningless; the only treasures were heavenly treasures.
Been awhile since he last posted that.
One never sells his financial “insurance “.
I’m not seeing it
————
Cycles, things are the way they were when Sir Russell wrote the article.
“One never sells his financial “insurance “
Get buried with the gold?
What’s wrong with bitcoin.
I am buying gold, silver, bitcoin, and other alt coins.
I am also going heavy into the stock market on a variety of stocks.
I hid mine in my mother's basement and some maintenance dude found my stash. Fool sold it for pennies on the dollar.
signed, Martin Armstrong
“Cycles, things are the way they were when Sir Russell wrote the article.”
That was 2009 when gold was $1,000.
In 2015, six years later, gold was $1,000.
If I read you correctly, cycles repeat, gold has plateaued and we will see no gains until 2031.
Article: “What would Jesus say about our modern merchandise-loaded Christmas?”
“What would Jesus say about your fascination over gold.
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