EricH

Gold Loses Its Shine

My opinion.

Fiat money systems eventually always crash (ours is on it's last leg). When this system finally collapses, it will also take down any paper promises along with it (counterparty failure and broken promises across the board). Therefore, if you want to preserve your 'earned value' through this tranformation period (greatest transfer of wealth ever known to mankind), then you need to store your earned value in some type of non-depreciating hard asset that doesn't have an expiration date. This includes:

1. PM's
2. Real Property
3. Oil, Base Metals, & other non-perishable commodities

In adition, of course, one should store as much food and other consumable items as necessary and feasible.

Out of items 1-3, PM's are the best suited to carry your wealth through the old Fiat system into the new one (For the most part they will be of little or no use during the transition period).

If you own real property you have carrying costs and TAXES (Believe me when the government is also in need of money, they will tax you out of your property if that's what it takes to keep them afloat). Other commodities either have a shelf live or are too bulky to serve the purpose.

That leaves PM's as the best option.

Gold Bulls: Beware

Here's my big theory... Gold is going to touch $476/oz soon... but don't be fooled into selling or postponing your physical purchase while its droping over the coming weeks/months. Simply acquire "physical" as it falls and don't wait for the bottom. The dollar is temporarily being propped up by all countries who owns it (the whole world), at the same time paper gold is being liquidated by driving down the price, so they can sheer the owners of paper gold. In the backgro und all the big dollar holding insiders will be sneeking out of the dollar while all the masses are rushing into it. At some point the dollar fails and physical gold either (a) takes off to the moon, or (b) it gets confiscated just prior to the takeoff and everyone is forced to trade it for $476USD/oz; in either case gold WILL take off. Like Joe Biden says "Mark my words"... This is how I see it playing out, comments?

Gold Bulls: Beware

Gentlemen, it just hit me like a ton of bricks... Yes, 100% there is gold price manipulation. The price will contiinue to be suppressed, and just before the fiat dollar finally collapses... Wallah, the gold price will be driven down to its lowest level yet (maybe around $500-600 per oz.), and just then, the US Government will declair it illegal to own gold (just like they did back in the 30's). After they take everyones gold, they'll re-price it between $5,000-$6,000 per oz... We've seen this sham before... Lube up and get ready, doensn't matter how much we try to prepare, we'll get screwed one way or the other. Remember this...