In case you have been asleep at the wheel, the cost for ONE OUNCE OF GOLD is selling for $1950.00. A breakthrough of the $1900 barrier according to the cognoscenti.
Did First Republic Bank (FRC) trigger the BLACK SWAN EVENT? Or maybe it was SVB, but perhaps it was FTX crypto currency exchange? Was the FED sleeping on the job here? Did Branden comprehend the situation at hand? The FED is now poised to throw in two trillion into the banking system because they fear a collapse of the banks. Are we repeating the fiasco that took down the Weimar Republic?
GOLD HAS ENDURED FOR MORE THAN TWO MILLENIUM
What is so special about GOLD? Why has it endured in times of war, political upheaval and economic turbulence? What is money and how does one value it? These are questions that “time” has answered.
Countries have gone to war over gold, pillaged, robbed, murdered and savaged unsuspecting peoples. If printing paper was money, why seek gold in the first place? “TRUST” in government is the number one priority of a stable currency; without trust, citizens resort to the accumulation of precious metals; this is to secure their wealth. Governments have tried to prevent citizens from holding gold, but in the end they all have failed.
And now world governments sit on the precipice of massive inflation, one which there is no viable solution. Trillions upon trillions of dollars have been printed by world governments since March 2020. The continuation of printing continues without interruption; a runaway freight train that can’t be stopped. Revolution or War is the end result.
Socialist governments have seen this show before. For instance, some were on our southern border, for instance Cuba, Venezuela, Argentina, Mexico and Brazil; burning investors over and over again. Has the time come for the United States to join the club?
Outright theft by governments have taught citizens from around the world that the devaluation of money through printing is thievery. So, to ward off the devaluation of their wealth, they resort to the purchase of gold, silver, platinum, palladium; they trust no one accept themselves when it comes to protecting their wealth. Therefore, it is imperative that citizens take note of what is happening in currency markets today. The dollar has been devalued in terms of gold which has risen by over $800 during the past five years.
World currencies are being devalued, they are no longer a stable source of money when compared to real money, that is GOLD. We have not seen the ultimate collapse yet, but rest assured it is not too far off. Its After all the FED raises, the CPI is still 6%.
Protect yourself and be safe, but be careful America. Your well being is the number one priority in the calamity we see ahead.
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THE MAN WITH THE GOLDEN FLEECE
PREVIOUS MAY 2021 POST
First it was salt, then spice, then paper, but in the end it was gold. They tried them all, as they say, “you can fool some of the people, some of the time, but not all of the people all of the time.” And it has come to pass, the “ALMIGHTY DOLLAR” is slowly dissolving like the piece of paper it is printed on. Don’t take our word for it though, check the status of soon to be reserve currencies, like the Chinese renminbi (aka yuan) or perhaps the Russian ruble. Don’t despair, the cryptocurrency world is at your fingertips. If that doesn’t suit you, GO FOR THE GOLD, but SILVER will do just fine. To those of the initiated, they know where the price is headed, and that is north. The everlasting obituary is premature, the body has not been declared mortal. And as the eternal rays provide life to all, the man who has gold in his hand will endure for a lifetime.
Gold has been on a tear of late, rising from the mid 1700’s to the 1840 level. The sign of inflation is in the air. A whiff of the third quarter numbers will reveal what is in the black box. Our guess, and it is only a guess, we are not economists, places the number at 3.5%. You can’t keep a good man down, can you. The second quarter won’t be that horrible though, somewhere in the 2.5% range. Don’t forget that the Biden team has their thumb on the scale. And to make a salient point, economists are always right, it is the timing that is wrong. BTW, they have predicted 8 of the last 4 recessions. Batting 50% is a admirable achievement in most sports.