Posted on 07/08/2022 12:27:42 PM PDT by PK1991
Precious metals expert and former auditor lifts the lid on the scale of regulatory malfeasances common among big banks with the tacit approval of the government in the paper Gold market, Commodities Exchange (COMEX). The physical supply of real Gold is small in comparison to the derivative products and when there is a crisis (as we see all these crisis on the horizon) and people run to Gold and Silver they won't run to the derivative product because that can't be converted to real Gold and Silver. Derivative markets are not real markets you need physical Gold.
Despite all the foxnews advertising, gold just isn’t a good investment. If things go completely to hell, nobody will care about gold in the slightest. Food and weapons are the main things that’ll count.
Yeah but I got stocks and certificates and pieces of paper.
I agree,you cant eat gold,and you need guns and ammo to protect your food.Did gold save rich jews in germany?
mine gold is in the mine.
Where?
Still in the ground. Mining shares are the best way to profit from gold
“If things go completely to hell, nobody will care about gold in the slightest. Food and weapons are the main things that’ll count.”
Nothing but an idiot thinks gold is for use DURING a financial collapse, war, or depression. However, all such things come to an end. And at the end of a few years of depression and strife, as you stand there with your empty rice bag and an SKS locked back and smoking... (in your fantasy)
The people who had gold will buy into the new economy and largely preserve wealth.
If you are broke, then food and weapons. If you have something accumulated financially, gold is a wonderful wealth preservation tool.
Gold is literally taking something out of the ground and burying it back in the ground.
The % rates on it are terrible too. But it does attract loyal lunatics.
Whatever. Go clean your guns. In the meantime, look at Weimar Germany, look at the Great Depression, look at Argentina’s financial collapse.
Despite common fantasies, it is not a tableau of shootouts and infantry combat.
Once you have your basic self defense and sustenance needs met, the question is how you want to be positioned when things return to sanity.
In al of human history, nobody has made it to the end of a crisis with 10% of their wealth in gold and wished they didn’t have it. The same cannot be said for cash, stocks, or even real estate.
But you do you.
gold at 1742 (kitco) today (where is a safe harbor from inflation?)
My understanding is that multiple people can own the same ounce of gold on paper. Buying krugerrand and maple leaves. Silver coins also. But I guess if it hits the fan then lead (ammo) will be more popular.
What if things only go half-way to hell? What if your bank account continues to yield only 1%, while inflation stays at 10%? What if Russia and China decide to settle all their international trade in gold instead of dollars?
I am fully invested in precious metals...... copper, lead, brass.......
Gold is not for the SHTF scenario.
It’s for after.
There is a distinction there that most preppers miss.
Gold, historically, is not a good ROI. It’s better than cash, but so is almost anything.
IF multiple ‘own same ounce of gold on paper’-—then NO ONE “Owns” the gold & it is fraud.
Cannot have multiple owners of vehicles/real estate/animals.
I have worked with farmers and agriculture co-ops in Argentina. They live almost constantly in fear of destructive and rapacious government.
Argentine farmers have an interesting outlook. I know large beekeepers who keep their savings in the form of their honey, which they know they can export. They only sell it when they have an immediate cash need. Same with soy growers or cattlemen - they keep their wealth in these items, and will only sell for crappy paper currency when they have to make a payment on the tractor or for their kids’ school fees.
here's a chart you may find interesting. What period are you looking at? It all depends, doesn't it?
https://www.longtermtrends.net/stocks-vs-gold-comparison/
Bingo and that is the fraud he talks about. Why do you think the COMEX Gold price doesn’t rise? The big banks set the price.
If you got in at the right time, crypto is the best investment in history. Metals just aren’t for me.
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