A NOTE ON GOLD.... Hold your horses goldbugs. You are not being "read in" to reality. You are the mark, and there's lots of inventory to dump on your gullible prepper ass. Regardless, “know before you go, blow, or throw” down your lifesavings..
“Anyone who claims the metals have been manipulated and that is why they have not rallied is obviously oblivious to the world around them”.
Gold does NOT rise with inflation – that is the sales pitch of a used car salesman. Gold rises in times of UNCERTAINTY with respect to the government. In times of war, it rises because it is NEUTRAL and you are not betting on who will win. All we hear is that the debt is rising and therefore gold will explode. Once again, they offer no proof of their sophistry because there is no such proof. Gold declined for 19 years while the national debt climbed endlessly.
*Disclaimer **Nussing here Consteetutes Eenvestment Advice, Versteht?” -ze WEF**
translation: Do your own damn due diligence, as always.
Just One example. Gold didn’t “work” in the coronavirus crash of March 2020:
Does gold and silver deserve a place in a portfolio? Sure, maybe as a slice, an allocation, depending on your goals and objectives. But most of you don’t even know how it has performed vs other assets the last few decades, or even in times of previous panic moments, bank runs, inflationary times, crisis.
Answer? Not the way you think it has, or should, or does, “historically speaking”.
Admit it. Many of you think it was gold or gold “backing” of some sort that brought an end to the famous Weimar hyperinflation of pre-Nazi Germany (it didn’t, the new Rentenmark was backed by…… German REAL ESTATE.
The Zimbabwe dollar wasn’t stabilized by gold either. Hyperinflation and trillion dollar cups of coffee only ended when they went back to barter and the US Dollar after 2009!
Didn’t really “work” in 2008 either, especially if you stuck with it. You are a hundred percentage points behind the ol S&P index as we speak, and worse if you got too “fancy” and switched at the wrong times like so many did, and continue to do.
And don’t even say the words “Peter Schiff” in my presence or I will Gates-pie you
Nothing here is investment advice, but, a great place to start might be to read tonight’s article below, posted by the largest gold trader of the 1970’s and 80’s.
(In fact, remember the Hunt Brothers who cornered the market flying BBJ’s of gold bars to Zurich, and then went catastrophically BUST? Armstrong is THE guy the US Treasury ordered to unwind the Hunt Brothers multi billion dollar books as a master gold trader, in order to minimize market distruptions)
Click to learn:
DON'T SELL THE FARM FOR GOLD, DUMBASS
Bonus read:
There does NOT appear to be any historical precedent for the stock market to collapse by 50%, all tangible assets to turn to dust, and only gold will survive given a banking crisis where Biden and Yellen sit on each other’s hands and do nothing. Trust me. Every major Democratic donor will be screaming. Click link below to read this remarkable research!
Goldbugs: what many of you are being sold has NEVER happened in history
Matthew Crawford is the math genius and master statistician Kirsch uses to crunch his numbers. He agrees vax bad, but not to bet on a (vax induced?) bear market. He's unique because he used to design algorithmic trading systems for Goldman Sachs so he knows Wall St.
Its a great read *NOTHING HERE IS INVESTMENT ADVICE** and I personally value reading Kirsch, Crawford AND Dowd. They agree on many things.
The Big Short: A Warning About Ed Dowd's Market Predictions https://roundingtheearth.substack.com/p/the-big-short-a-warning-about-ed?
He warns about Steve Kirsch's new hedge fund too
He warns about both. Doesn't mean they can't make money. Just that NOTHING is a sure thing... not even close. Don't spend the grocery money.
https://roundingtheearth.substack.com/p/kirsch-capital-equities-fund-buyer-ef8
Athenian Owls, on the other hand, are adorable, still cheap, and create wonderful teachable moments for learning real history https://rg.ancients.info/owls/