The reality is the people begging you to sell your gold have been wrong on every single economic prediction. Gold demand will continue to increase. Nothing is fixed and nothing has changed. The only thing headed our way is massive hyperinflation and a deteriorating economy. These trends will not change as long the same bankers and the same politicians are attempting to run things.
Anyone else look at his tapes today? So far he is batting 50/50 on the quarter. Both gold and stocks are up. Stocks appear to be getting a bad tide after this Yellen conference. We shall see.
I am not a big fan of Nenner. But this quarter is supposed to be the peak for stocks and the low for gold for a very long time. He targets DOW 5000 and gold 2100-3500 in the next few years. That forecast was as of March. So we shall see,
The shorts are still trapped in paper. Keep taking the physical while they rack up the gold debt. There has never been any doubt of the outcome.
This guy is worth subscribing to if you want China news. He does all kinds as an ex-pat living there. Keep taking the physical. Don't give the bankers and inch. The paper market discount is costing them too much to continue for long.
They only had an extra 10 tons in GLD built up last week to steal and sell. It is easily absorbed at these prices. The problem remains an inflation of governmnet paper of all types. Keep taking their physical.
The shorts are always wrong with every economic prediction because they don't have any education or understanding of the subject the matter. Predictions of those buying gold come true. The reason is knowing what has always happened will happen again. Study the past. Ignore fools an liars. Listen to this great audiobook to see how many times the USA has been in this position and how we always go back to gold. You can listen to as many hours as you want. You will understand very quickly where we are in the cycle. Keep taking the physical gold. Accept no substitute. And make sure you are putting the disgusting short spammers who try to ruin this forum on ignore. You won't miss anything of value.
Make sure you keep the always wrong dummy shorts on ignore. Not one accurate fact have they ever contributed. Don't let them ruin your access to good info provided by smart money doing research.
It goes back and forth between money and currencies. Mainly because the currencies all die.
We have been down this road many times. The US has had many failed currencies. It always goes back to gold and silver. It has happened over and over again. Paper money simply destroys the economy. This is a great audiobook on this history of money in the USA. Be educated because the past is the future.
Rome had a series of hyperinflations that built on each other. This is a 3 part series on the monetary problems in Rome. It is about a half hour total history lesson on what to expect:
If you want to understand the foolishness of shorts selling into the bottom, despite the mathematical certainty of their complete destruction, mass hysteria and undisciplined minds are the answer. They are the sheep of the world. Weak, easily influenced, want to be loved minds, that think they are joining some kind of club.
Gold was cheaper on all those dates. Other than that, there is nothing of historical meaning connecting them to today's failing economy and government.
The fact is Rome had a series of hyperinflations that built on each other. This is a 3 part series on the monetary problems in Rome:
There are people who are losing tons of worthless paper currency shorting gold who are spamming up the board. If you want good info, you have to put them on ignore. Keep taking the physical.
It will be interesting to see if they leave or rent.
Yesterday was 7-7-2014. Now watch this speech. Is it a coincidence that the stock market completely lost all support yesterday and cannot recover?
I used to work there. Just before the big blow up in 2008 they were trying to sell the building I worked in, and then pay rent to stay in it. They were cashing out before the RE implosion. Most likely they are doing the exact same thing now.
Just take the physical gold.