I am so sick of the Western corporate media lying to the American people,
and people around the world, about what gold is and what gold is not.
For the 100th plus time, gold is not an investment vehicle. Gold is money,
nothing else.
Anyone that treats gold as a purely investment vehicle does not understand
gold and will probably lose their entire “investment” in gold.
Do the Indians, Chinese and Russian government awaken in the mornings and
ask how their investment in gold is performing? Of course not. A lot of the
citizens in India and China awaken each morning and ask how much gold can add
to the coffers today. Having a completely different mindset and understanding
of the “tears of the sun”, global money and one of two true monies for the
past 5,000+ years these cultures, among many others, simply do what they can
to add to their position in physical gold and physical silver.
The morons in Western corporate media that do everything in their power to
create doubt and uncertainty in order lure people away from gold, and keep
them ignorant to gold, well, they have done and continue to do a magnificent
job. Here is one of the latest attempts to paint gold as an “investment” and
go on to explain how you, the average investor, should stay far, far away
from gold.
But this geopolitical angst hasn’t been doing that much for gold GLD,
-1.37% , which is trading
around levels last seen in January 2017. And that brings us to our call
of the day from A Wealth of Common Sense’s Ben Carlson, who suggests
that the safety play’s future isn’t so bright.
“I don’t think you can rule out the possibility that gold’s GCU8, -1.35%
value to society could be called into question in the decades ahead,” Carlson writes at his blog.
What’s the problem? He points to the disruption-minded tech sector and
suggests that post-boomer generations might not take as much of a shine to
the metal.
“Isn’t it possible faith in gold could potentially die out with the older
generations?” asks Carlson, who is Ritholtz Wealth Management’s director of
institutional asset management. “Doesn’t technology present a massive risk to
gold’s standing as a store of value going forward?”
The idea could be that Silicon Valley is providing other vehicles for
hoarders. Source
What the author points out are two huge reasons to actually hold gold –
geopolitical risk and disruptions to technology. Geopolitical issues will
never go away, even if we had a “one world government” there would be
regional issues that would flare up and create situations that would lend
themselves to having gold in order to bribe someone, acquire needed supplies
or move freely, quietly and below the radar.
The greatest problem with gold today is education. The Federal Reserve has
done a masterful job of wiping gold from the conversation and to ensure that
any mention of gold is painted, as this article does, in a negative light. If
gold is of no value then why do the ultra-wealthy, governments and people all
across the world still acquire ton upon ton upon ton each and every year? If
gold is this barbarous relic can someone please explain this to the Federal
Reserve and TELL THEM to return all gold to it’s rightful owner. The owners
would include citizens, actual citizens not illegal immigrants, of the U.S.
Other owners would be citizens around the world whose government decided to
offshore their gold “for safe keeping”. Please TELL the Federal Reserve to
return it and return now. I want my gold back!!
Otherwise, the citizens need to begin questioning articles like the one
produced by MarketWatch and ask the author and the Editor-in-Chief these very
important and valid questions. If gold is so bad, why will the Federal
Reserve not open the vaults and audit the gold and then sell it or return it
to it’s rightful owner? The gold in Fort Knox has not been audited since
1954. Well, open the f’g doors and let’s get on with it. That’s a massive
expense, to the tax payers, for something that has no value or worth.
The author dives deeper into the pool of misinformation and distraction.
What backs the currency you spend on that piece of plastic you use? What
about the physical currency in your wallet/purse? Where does it’s value come
from? What gives it value and meaning? Your undying faith that it will work.
That and a big gun pointed are your head and heads all around the world.
How’s that for “faith”, sounds like terrorism to me.
“I understand some of the reasoning behind the fact that people still put
a lot of faith in the yellow rock — it’s survived as a store of value for
thousands of years and can act as an uncorrelated asset,” he writes. Source
This person states that it is “faith” in gold is the main reason people
continue holding gold. He is 100% wrong. Gold is money, nothing else. Gold’s
value and worth comes from the blood, sweat and tears used to acquire it from
the ground. God planted it here for that purpose.
See what I did right there? This person uses words like faith to evoke an
emotional response but offers no support of “faith” whatsoever. This
person at MarketWatch, whose audience is 1,000x as big as mine, lies to his
audience and paints a picture on canvas that simply does not exist, and you
buy it anyway.
