Gold: Past, Present, and Future

The pivot is official:

http://www.24hgold.com/english/news-...Mark+O%27Byrne

"Red October"

Key market players, including frequent guests on CNBC, are starting to pivot:

https://www.zerohedge.com/news/2018-...n-bullish-gold

"a reliable source"

Free gold seminar happening tonight at 6:00 PM in Washington, D.C.:

"Right now, Americans have over $160 billion just sitting idle in their bank accounts. But honestly, is letting your hard-earned cash rot in a savings account really the smartest move you can make? This seminar is going to deep dive into why investing in gold is looking like one of the most promising plays on the market right now, and they'll walk you through all the different ways you can actually get your hands on this precious metal."

With all due respect to my colleagues, I ask that we refrain from speaking against KWN. 😁
They are quite simply the most consistent group out there. 😵

For seven years now, they have maintained a bullish stance—even as metallurgy continues its persistent decline. But one day, they will be proven right. 🙏

Think of gold as an insurance policy—something that might just pull you out of the gutter when everything hits the fan, though God knows you’re praying that the crisis never actually arrives.

It isn't for the greedy 😁.

dustyheron5 said:With all due respect to my colleagues, I ask that we refrain from speaking against KWN. 😁
They are quite simply the most consistent group out there. 😵

For seven years now, they have maintained a bullish stance—even as metallurgy continues its persistent decline. But one day, they will be proven right. 🙏

These portals cover everything. Take goldsilver, for instance—it’s worth watching closely on Twitter right now. Maybe that "big day" is closer than anyone expects. It would be quite a sight to see this "red" short squeeze, if not a total breakout from the charts entirely.

https://kingworldnews.com/major-aler...silver-market/

http://www.kitco.com/news/2018-04-27...medium=twitter

This carries more weight than the KWN analysis....

Famed hedge fund manager and “ bond King of wall street ” Jeffrey Gundlach continues to be bullish on gold, reiterating his call that when the market breaks above through critical resistance at $1,360 an ounce, gold will push $1,000 higher.

Per a recent Reuters article, Gundlach presented his bullish case for Gold Tuesday AT an event for DoubleLine clients. He noted—quite clearly—that he remains bearish on U.S. Treasury bonds.

He stated plainly that U.S. government bonds “are not attractive.”

Here is more ammunition for my gold argument:

"Since the turn of the millennium, gold has outperformed the S&P 500 by twofold. Two times! Not to mention it climbed 13% just last year."

https://schiffgold.com/interviews/sh...2b70-192608337

What else does a person even need? Buy some gold and you have a universal currency that—get this—is actually a better investment than stocks on average.

If people want more excitement, they can go play around with "digital gold"😁.

Charles Nenner is back at it with his theories on Dow 5000 and potential ties to China...
Meanwhile, some sources are flagging a possible liquidity crunch:

https://goldsilver.com/blog/dimartin...ced-for-years/

A "moving puzzle," if you will.

A shot in the dark: early May, USD EUR hits 1.2.
Is a rally coming? Maybe all the way down to 1.08...
Timing?😉

"Watching closely"

Larry Kudlow pretty much nails the current trade tensions and general friction involving Sad-China here:



The segment from 5:00-6:00 is particularly worth a look.

"we're waiting on the quarterly meeting"

Has anyone here actually picked up some gold through Gold Bank? https://www.bankazlata.com/kategorija/investicijsko-zlato/
I’m noticing their prices look a bit more decent compared to what I'm seeing over at Aurodomus or Morati. Anyone actually dealt with them before? What's the word?

Gold coins are running about $15 higher per ounce here than they are in Austria, which is pretty standard for a place like America.
Honestly, I’d never even heard of these guys before. I didn't even bother finishing the piece after that first paragraph where they start rambling about how the global debt is basically unpayable. Look, I'm just here for work—I'm not really interested in reading Living Wall pamphlets.
If you're planning on buying from anyone, do yourself a favor: call them ahead of time, ask if they actually have the stock on hand, and confirm how they take payment. If they can't hand over the goods the second you walk in with the cash, just steer clear. Don't waste your time.
As for the price difference... if you're buying enough volume that the savings cover your gas, lunch, and the opportunity cost of the trip, then in my opinion, it's worth making the trek over to Austria.

I’ve dealt with Goldman Sachs a few times now and everything has gone smoothly. Naturally, I was a bit skeptical at first, which is why I ended up meeting with people down in Washington, D.C. to vet them, but after that, it’s been fine. From what I can tell, they keep plenty of stuff in stock, which is good. Even for those larger bars, you just have to give them a day's notice before picking them up, since it seems like they keep them tucked away in some bank vault somewhere outside the main part of Washington, D.C.

SmartFart, I really don't see why you'd need to go out of your way to find a dealer if they don't have exactly what you want sitting on the shelf right this second. If you look at the inventory levels for places like Goldman Sachs or Home Depot, keeping every single item in stock would require upwards of ten million dollars. It's the exact same situation with dealers in Austria. Actually, it isn't just Austria; it's the same in Germany or pretty much anywhere else. Sure, they’ll have small bars and coins ready to go, but if you try to order anything substantial, expect a five to ten-day wait for delivery. Keeping five kilos of gold on hand isn't a huge deal, but what if I specifically want five kilos in 1000g bars, and all they have are two 1000g ones and a bunch of 250g or 100g pieces? It's basically impossible, and honestly, it wouldn't even make financial sense for them to carry that much. Besides, if you're just looking at the cost of hedging with gold via Citadel, you're looking at maybe 2% annually, while their actual margin on those larger bars is less than 1%.

If you're serious about buying investment-grade gold, the principle is universal—you pay upfront and then they order the goods. I'm talking about the big orders here, obviously, not stuff under 10,000 $5.00, because let's be real, buying that little isn't exactly a "gold investment."

Home Depot is alright, but they seem more focused on buying back jewelry, and they end up being pricier than Goldman Sachs. It's the same story there too; their website claims everything is in stock, but when you actually ask, you find out you're waiting five to ten days. 🙂
I haven't personally used Morgan, but a friend of mine called them and said they were some Canadian crew who weren't exactly the friendliest people. He wanted a fifty-gram delivery, and the woman on the phone told him they never do mail delivery—only in-person pickup—so he just went through Goldman Sachs instead. Heh, that's actually why I ended up using them too. To me, they seem like the most professional outfit, especially since they have an app to track the value of your bars and coins. My only real gripe is that they didn't mention the app until much later by complete accident. They've buried that info so deep on their website that you'd never even know it exists unless they point it out to you.

Jonathan Wells2 said:I’ve dealt with Goldman Sachs a few times now and everything has gone smoothly. Naturally, I was a bit skeptical at first, which is why I ended up meeting with people down in Washington, D.C. to vet them, but after that, it’s been fine. From what I can tell, they keep plenty of stuff in stock, which is good. Even for those larger bars, you just have to give them a day's notice before picking them up, since it seems like they keep them tucked away in some bank vault somewhere outside the main part of Washington, D.C.

SmartFart, I really don't see why you'd need to go out of your way to find a dealer if they don't have exactly what you want sitting on the shelf right this second. If you look at the inventory levels for places like Goldman Sachs or Home Depot, keeping every single item in stock would require upwards of ten million dollars. It's the exact same situation with dealers in Austria. Actually, it isn't just Austria; it's the same in Germany or pretty much anywhere else. Sure, they’ll have small bars and coins ready to go, but if you try to order anything substantial, expect a five to ten-day wait for delivery. Keeping five kilos of gold on hand isn't a huge deal, but what if I specifically want five kilos in 1000g bars, and all they have are two 1000g ones and a bunch of 250g or 100g pieces? It's basically impossible, and honestly, it wouldn't even make financial sense for them to carry that much. Besides, if you're just looking at the cost of hedging with gold via Citadel, you're looking at maybe 2% annually, while their actual margin on those larger bars is less than 1%.

If you're serious about buying investment-grade gold, the principle is universal—you pay upfront and then they order the goods. I'm talking about the big orders here, obviously, not stuff under 10,000 $5.00, because let's be real, buying that little isn't exactly a "gold investment."

Home Depot is alright, but they seem more focused on buying back jewelry, and they end up being pricier than Goldman Sachs. It's the same story there too; their website claims everything is in stock, but when you actually ask, you find out you're waiting five to ten days. 🙂
I haven't personally used Morgan, but a friend of mine called them and said they were some Canadian crew who weren't exactly the friendliest people. He wanted a fifty-gram delivery, and the woman on the phone told him they never do mail delivery—only in-person pickup—so he just went through Goldman Sachs instead. Heh, that's actually why I ended up using them too. To me, they seem like the most professional outfit, especially since they have an app to track the value of your bars and coins. My only real gripe is that they didn't mention the app until much later by complete accident. They've buried that info so deep on their website that you'd never even know it exists unless they point it out to you.

I haven't really run into that scenario.
In my experience, it’s always been a straightforward "cash-in-hand, gold-in-hand" situation after a quick phone call or some back-and-forth messaging.
The only time I’ve dealt with an online outfit in the US was through Etsy
They were short on those New York Philharmonic ounces they had listed, so they told me they'd give me a shout once the stock landed.
They did, I showed up with the cash, and I walked out with the goods.

Reporting from the sunny coast:

https://www.zerohedge.com/news/2018-...global-turmoil

"You're going to need some extra paper for this one."

It isn’t gold—but let’s be clear: we are talking about actual money here. And let’s not forget that gold remains the ultimate benchmark—the one true standard against which every other currency is measured!

Switzerland just held a referendum regarding the concept of "sovereign money"—or *vollgeld*, as they call it.

The whole point of that initiative was to strip banks of their ability to lend out more money than they actually hold—essentially an attempt at abolishing the fractional reserve system once and for all. But, of course, the referendum failed. Why? Because three-quarters of the voters shot it down! Naturally, the bankers are celebrating in the streets today; after all, seventy-five percent of the electorate chose to protect the status quo and ensure our current monetary model remains untouched.

Forget about honest money—people simply have no appetite for it. It’s a perfect illustration of democracy in action, isn't it? A system where everyone is granted the absolute right to be willfully ignorant.

Bloomberg wrote, citing Jerome Powell of the Federal Reserve, that the concept of sovereign money—or vollgeld, if you prefer the technical term—is being revisited. The concept of "sovereign money"—or *vollgeld*, if you want to get technical—is back on the table, and frankly, it’s about time we had a serious conversation about it. Bloomberg wrote, The idea of sovereign money, or vollgeld in German, which essentially touches on the very core of how our monetary system functions. Why are we still letting private commercial banks hold such an absolute monopoly over the creation of money? It’s a fundamental flaw! Shouldn't the central bank—the Federal Reserve, in our case—have more direct control over the money supply to ensure stability instead of leaving it to the whims of private institutions? It’s a question that demands a real answer, isn't it? In German, this concept can actually be drawn as a parallel to using Bitcoin or other cryptocurrencies—essentially functioning as an economic framework that isn't built upon a foundation of debt.

Is it actually worth picking up a gold bar? I’ve been thinking about moving some cash out of my bank account since they're just going to bleed me dry with those savings taxes. I was weighing up whether I should go with a CD or just buy a little gold bar and tuck it away at home. I'm a total newbie at this stuff, though, so I wanted to see what the vibe is right now? What's the current situation looking like?

The most liquid way to hold gold is through one-ounce coins or various bullion denominations. If you’re actually serious about buying gold, my advice is to stick to these specific coins. That way, if you suddenly need some cash, you can just sell off a few individual pieces instead of being forced to liquidate an entire bar... It makes much more sense. As for strategy, I suggest keeping a set percentage of your savings in gold—perhaps 25% if you're looking at long-term wealth building, or maybe 50% if you're playing it a bit tighter.

Is investing in gold jewelry actually worth it? It feels pretty practical—I mean, I can just wear my investment whenever I feel like it. But I’ve got another question regarding this whole thing... I’ve noticed that some pieces I bought recently don't have that classic 14k hallmark they used to have. In fact, they don't seem to have any markings at all. Is that just the new norm, or should I be getting suspicious? Everything was bought from the same jeweler over the years.