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The world used gold coins as money up until the first years of 1900.
Since that time, the world's use of gold as money has ceased, and as of
today, gold's only function is as a means of saving wealth for future use.
Today, the market for gold consists of two groups of individuals or
economic entities: a) those who wish to acquire gold for the purpose of
saving some wealth for future use, and b) those who hope to realize a profit
in terms of paper money, by speculating in the gold market.
The group "a", of savers, is a relatively small group, and for
the most part, only purchases gold and does not sell.
The group "b", of speculators, is a large group made up of
individuals or economic entities anxious to realize paper profits.
The world is extremely indebted, and a great number of individuals are
hard-pressed to make a buck on their speculations, including those in gold.
The monetary authorities running the paper-money schemes of the present
are anxious to forestall significant rises in the paper price of gold,
because such rises would diminish confidence in the lasting value of
the paper money in use today.
The gold-gambling casino run by today's monetary authorities makes Las
Vegas gambling look like child's play. The poor wretches who want to make a
buck by speculating in gold are regularly taken to the cleaners by the legal
manipulation carried out by the monetary authorities of the West.
There is only one policy which makes sense for those who are anticipating
the collapse of all paper money in this world: buy and hold gold. Most people
simply cannot afford to do that.
Nobody knows when the world's paper money is going to collapse; it may
happen tomorrow, or it may happen years from today. We don't know when, but
the collapse will happen at some date. That is engraved in granite.
In the meantime, if you want to lose money, speculating in gold is a good
way to do it.
If you are one of those who are strong enough, buy and save gold; if not
yourself, your children or grand-children will be thankful you did so.
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