Is it time to invest in Gold? Here’s what you should know…
“It is well enough that people of the nation do not understand our banking and money system, for if they did, I believe there would be a revolution before tomorrow morning.”
Henry Ford, founder of the Ford Motor Company.
At the start of the 21st century, gold was valued at less than $300 per ounce.
After the financial crash of 2008, the price of gold went through the roof and by 2011 it peaked at just over $1900 an ounce. At that time retail shops sprang up & there were people everywhere offering to buy your gold from you; jewellery, coins, antiques, whatever, “it doesn’t matter” they said, “just bring it down or send it in and they will buy!”.
On the other side of the equation, they even had ATM machines in shopping centers from Abu Dhabi to Australia to satisfy the public demand for the precious yellow metal!
Have you considered buying Gold?
If you have any interest in buying gold (I do, and recommend you seriously consider it) then it is imperative that you understand what paper money really is and understand how the economic madness that we live in functions.
I would guesstimate that 99% of the world’s population do NOT understand how money is created, manipulated and how fiat (non gold backed) currencies ultimately collapse.
I trade currencies for a living, I have spent 30 years studying world financial markets and I also studied economics at school. I did not know what I am about to show you in the following articles and it is not by accident.
Those at the top of the financial food chain have no intention of changing the status quo. In the words of Kenneth Galbraith, former professor of economics at Harvard university:
“The study of money, above all other fields in economics, is one in which complexity is used to disguise truth or to evade truth, not to reveal it. The process by which banks create money is so simple the mind is repelled. With something so important, a deeper mystery seems only decent.”
A few more quotations on the subject from the ultrarich many of whose dependents still control the money supply of nations & ultimately governments:
“The few who understand the system will either be so interested in its profits or be so dependent upon its favours that there will be no opposition from that class, while on the other hand, the great body of people, mentally incapable of comprehending the tremendous advantage that capital derives from the system, will bear its burdens without complaint, and perhaps without even suspecting that the system is inimical to their interests.” The Rothschild brothers of London writing to associates in New York, 1863.
At this point you might think I am some kind of conspiracy theorist. I am not. The 2009 banking crisis and financial collapse of Lehman Brothers, followed by bailouts of many of the super-rich businesses (its happening again right now) meant that they no longer even pretended to hide what was going on.
How can someone bust a bank or huge financial institution, be bailed out by the public and then either walk away, often with a big pay off, or even continue in their position “because we need the best people in the top jobs” – give me a break, that truly is the economics of the madhouse and yet the general public are so poorly educated when it comes to finance, are scared and bemused by what is going on that they accepted bailouts, redundancies, massive funding cutbacks, austerity budgets and so on from their political masters.
The real danger is yet to come
The real danger is that when this Coronavirus crisis is over, they will try to do it again. Unless the world accepts a change in the way economies are run. I can see the impending mantras now “We are all in this together, but obviously we need to repay the extraordinary amounts of $$ that we had to pump into the system for the country to survive” aka another period of austerity for the middle classes.
Growth, inflation and paying off Government debt have been the mainstay of economics for 100’s of years. In reality, the debt mountains of most western economies are so huge they will never be repaid in the conventional way (The USA alone has officially over $25 TRILLION debt and is still printing yet more paper money out of thin air).
I recently spoke with a US professor of economics who told me he believes the true figure is over $100 Trillion. The USA is not alone, all major economies and blocs like the EU have huge amounts of debt that they finance by issuing bonds, many of which are currently paying near 0%.
As a result, they now print yet more paper money to buy the surplus bonds, i.e. not enough investors are willing to lend them money, so they buy their own debt!
In 2008 the fat cats fueled most of the boom and bust with their greed.
Hardly any of them went to jail and Wall Street et al carried on regardless and generally, still are unregulated.
Governments let them get away with it because they were often in league with them or fearing that these big institutions could cripple the financial world as we know it.
Hence the label “these companies are too big to fail” & the middle class paid for it.
A further major point to note is that in times of civil unrest and wars, gold is seen as the ultimate safe haven for money. This was an excerpt from a speech from the then head of the IMF, Dominique Strauss-Khan back in 2011, note the similarity of what probably lies ahead of us now in 2020.
“As tensions between countries increase, we could see rising protectionism — of trade and of finance. And as tensions within countries increase, we could see rising social and political instability within nations – even war,” Dominique Strauss-Kahn said in a speech in Singapore.
In subsequent articles, I show how the money and banking system really operates and why. I will then explain why I expect gold to increase in value over the coming months and probably years. I will show you various ways to buy it, including tax free, how to store it and how and when to buy more and finally, when to sell it.
SO, is the world ready to change. Is there a world leader who has the conviction to suggest that there is another way? I doubt it very much. In which case more than ever you need to find ways to financially look after yourself, if not there is the strong possibility of a whole lot of austerity and financial pain to come 🙁 –
Another quotation from Professor Galbraith of Harvard “People of privilege will always risk their complete destruction rather than surrender any material part of their advantage.”
My apologies for being so negative, but the world needs to change. Economics is currently based on debt and growth. Countries need to produce more “stuff” to sell to more people, yet the world population continues to grow to unsupportable levels, but there are a finite level of resources.
This current situation is an ideal “time out” to do something about it. It is unlikely that those at the top of the food chain will want to change the status quo, but will the general public accept it yet again?
In this weeks live training session I spoke about alternatives to the current financial system and you can find that recording here:
and in a previous article I showed you a new way to buy gold, tax free and without needing to touch it. Check out the article here: Best Way to buy gold
What do you think?
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Time to Invest in Gold?