RealityvsPaper

What the Fed's Announcement Means for Gold

oops i meant to say the dollar was DE-attached, or de-pegged to gold during Nixon's reign....


On Mar 19 12:47 PM RealityvsPaper wrote:

> Some poor soul here announced gold is not a performing asset, which
> just makes me laugh so hard....so lets do some simple math....<br/>
>
> Lets see, GOLD was at about $30 when a dollar was worth a dollar.
> Then the dollar peg to gold was announced during Nixon's financially
> horrible reign - inflation and higher interest rates happened immediately
> and gold shot up immediately. AND- since the de-pegging of gold to
> the dollar, the dollar is now worth 3 cents and gold is about $1000.
>
>
> I WOULD CALL THAT EXTRAORDINARY ASSET PERFORMANCE, unmatched by any
> other asset.
> (real land, real estate is a close second)
>
> Keep the math simple, its as easy as that = the more dollars are
> printed, the higher gold goes.
>
> Moral of the story:
> Gold is REAL MONEY (as is silver to a lesser degree, but silver is
> more easily manipulated by the privately held Fed bank), and gold
> has been real money since almost prehistoric times, and always will
> be. It has no third party obligations EVER, and no debt instruments
> attached.
>
> BUY SOME GOLD to assure staying power to any dollars' decreasing
> value (in any countries dollars, not just US Dollars - they are ALL
> being devalued now).
>
> footnote: dont hold PAPER gold, its just another paper illusion,
> you must hold REAL BULLION GOLD to reap this ongoing benefit.
> One year from now you will have double the value, because one year
> from now US dollars will be worth half what they are worth now<br/>(hence
> the meaning of inflation).
>
> END OF STORY

What the Fed's Announcement Means for Gold

Some poor soul here announced gold is not a performing asset, which just makes me laugh so hard....so lets do some simple math....

Lets see, GOLD was at about $30 when a dollar was worth a dollar. Then the dollar peg to gold was announced during Nixon's financially horrible reign - inflation and higher interest rates happened immediately and gold shot up immediately. AND- since the de-pegging of gold to the dollar, the dollar is now worth 3 cents and gold is about $1000.

I WOULD CALL THAT EXTRAORDINARY ASSET PERFORMANCE, unmatched by any other asset.
(real land, real estate is a close second)

Keep the math simple, its as easy as that = the more dollars are printed, the higher gold goes.

Moral of the story:
Gold is REAL MONEY (as is silver to a lesser degree, but silver is more easily manipulated by the privately held Fed bank), and gold has been real money since almost prehistoric times, and always will be. It has no third party obligations EVER, and no debt instruments attached.

BUY SOME GOLD to assure staying power to any dollars' decreasing value (in any countries dollars, not just US Dollars - they are ALL being devalued now).

footnote: dont hold PAPER gold, its just another paper illusion, you must hold REAL BULLION GOLD to reap this ongoing benefit.
One year from now you will have double the value, because one year from now US dollars will be worth half what they are worth now
(hence the meaning of inflation).

END OF STORY

Barrick Gold Nails the Hedge

Yet another commentor with a personal agenda, and sadly and PROFUSELY misinformed, or just plain lying. Barrick is the most heavily hedged gold producer in the world, and this author claims they are not hedged even a little. This is total horsecrap. Barrick hedges and Barrick works for the US govt (they openly admitted this in Congressional testimony under oath, and claimed immunity for price manipulation, since they were acting as an agent of the US government - so who is this author trying to fool when he blatently misstates the simple truth???) in helping keep the dollar as high as possible while the treasury dumps fresh printed useless dollars on the world. When this unwinds, gold will be several thousand dollars higher and Barrick will have done its job. Buy gold now, and short the dollar is the real message and the only trade in town this year.

Strange Action in Gold ETF Chart

SHORT GOLD NOW?? Someone has lost their mind. You short it, i will take the other side of your trade now, and 3 months from now, when gold crosses $1500. This financial turmoil, with several fiat dollar reputations going into the dirt is what makes gold double and triple in a year's time. This is when you go long gold. Try shorting it and you will be living in a cardboard box.

Comparing Volatility of Gold to Its Price

Baloney. If you want the full benefit of gold then buy the physical real thing, and do NOT buy the ETF paper manipulated fake gold. They have always and will always be manipulated by futures which cost little to manipulate. Hold gold in your hands and you have value, hold paper in your account and you have a pipe dream. The only way gold will travel up to where it should be, inflation adjusted (well over $2000 oz) is if you lazy fools stop buying paper gold and get the real thing in your hands. When there is a failure to deliver, you will hold paper nothing, and we will hold gold worth thousands per ounce. By the way, just try to get physical gold this month and see what happens, THERE IS NONE. Mining expansions and operations are cut back, supply is sold out in the entire USA for physical gold, and you cant find it for less than 5% above comex, if you can find it at all. As of this week, even Kitco cannot ship gold to the USA, at ANY price. Comex is manipulated, physical gold cannot be manipulated.
END OF STORY.


On Dec 03 04:16 PM US wrote:

> If you are looking for leveraging gold's movements, then simply buy
> the new Proshares levered ETF for gold - this way you cut out operational
> risks.