Gold. Its not just a four letter word anymore.

in #gold7 years ago (edited)

The fundamental reason gold is a four letter word in the USA from the get go is because powerful people lie. An unprecedented psyops on one hand with unprecedented manipulation in the other. Gold is truth, and truth is the enemy of leveraged markets. “Let’s Be Honest About Gold: It’s a Pet Rock” Zewig - WSJ; Gold is expensive, pays no interest, has no real use, and is "risky" ; Gold holdings “just sit there and don’t do anything” - Bill Gates; “Gold is a great thing to sew into your garments if you’re a Jewish family in Vienna in 1939, but I think civilized people don’t buy gold, they invest in productive businesses.” Charles Munger. In short, the wealthiest men in America, and your broker, are telling us holding Gold is uncivilized. This reality does not help gold demand, exclusive of the outrageous paper contracts dumped through central bank discounted trading accounts with primary agents on the COMEX. Many gold bugs have thrown in the towel, and are just worn out. America has been brainwashed, and with cryptos, at a progressive pace cannot see or understand intrinsic value. Meanwhile, heavy gold demand is reality in China, if I heard Rickards correctly. A famous quote that maybe American investors should take notice - “I view gold as the primary global currency. It is the only currency, along with silver, that does not require a counterparty signature. Gold, however, has always been far more valuable per ounce than silver. No one refuses gold as payment to discharge an obligation…Gold, along with silver, is one of the only currencies that has an intrinsic value. It has always been that way.” — Alan Greenspangold.jpg

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