Gold: Past, Present, and Future

Silver is going to hit the 68-70 range within the next two or three months.
That was James Turk’s big prediction back in February 2012.
http://www.munknee.com/2012/02/james...2-to-3-months/
Fast forward to May 2012, and silver is sitting at $28.57.

Back in January 2012, some fellow bull was rambling on about silver hitting $1,500+ by 2015. I mean, does anyone actually believe there's any logic behind a precious metal hitting those kinds of numbers? Unless we're looking at massive inflation—like, actual hyperinflation—I think that’s a huge stretch. Sure, prices go up, but a 50x jump? Not happening.

We can sit here and debate whether the system is rigged or how QE3 and LTRO2 will play out, but let’s be real: nobody actually wants inflation to spike into double digits annually. Even if the Dollar saw 5% inflation instead of the current 2.5%, we'd already be seeing serious issues.

Anthony Evans78 said:The problem is, most of these ETFs aren't actually backed by physical precious metals. Anyone diving into them without knowing that deserves to lose every single Dollar they put in.

I couldn't agree more.

Paul Peterson4 said:Silver is going to hit the 68-70 range within the next two or three months.
That was James Turk’s big prediction back in February 2012.
http://www.munknee.com/2012/02/james...2-to-3-months/
Fast forward to May 2012, and silver is sitting at $28.57.

Back in January 2012, some fellow bull was rambling on about silver hitting $1,500+ by 2015. I mean, does anyone actually believe there's any logic behind a precious metal hitting those kinds of numbers? Unless we're looking at massive inflation—like, actual hyperinflation—I think that’s a huge stretch. Sure, prices go up, but a 50x jump? Not happening.

We can sit here and debate whether the system is rigged or how QE3 and LTRO2 will play out, but let’s be real: nobody actually wants inflation to spike into double digits annually. Even if the Dollar saw 5% inflation instead of the current 2.5%, we'd already be seeing serious issues.

He spoke, he was wrong, and it's because criminal cartels manipulate silver prices without a second thought.
If you consider that there are roughly two billion ounces of silver held in investment form—and that's being generous—while a trillion Dollars were essentially conjured out of thin air just this past year, then if a nation ever decided to truly monetize silver, the price would soar way past $1000 an ounce.
In reality, that number wouldn't even matter. Why? Because digital "money" can be manufactured in seconds out of nothing and in infinite quantities. If silver were actually monetized, the price of silver or gold would effectively become infinite.
The same goes for gold.
Inflation is already hitting double digits in the US; they just don't want you hearing it on the mainstream news. It's perfectly in the interest of bankers and their kind to let inflation slowly eat away at whatever little savings people have left, turning everyone into permanent slaves.
Gold prices have already surged fifty times over since we abandoned the gold standard.
The problem with the Dollar, like any fiat currency, is that it isn't tied to gold and the US lacks a unified fiscal policy, but that's a whole other conversation... 🙂

Anthony Evans78 said:The problem is, most of these ETFs aren't actually backed by physical precious metals. Anyone diving into them without knowing that deserves to lose every single Dollar they put in.

That simply isn't accurate. Spyder and a handful of other ETFs actually hold physical bullion...
http://finance.yahoo.com/q/hl?s=GLD+Holdings

Here is a list showcasing various gold-exposed ETFs, both physical and synthetic...

http://etfdb.com/2009/the-definitive...inute-edition/

Frankly, such a bold assertion is quite laughable. By that logic, anyone holding any form of financial asset—whether for speculative purposes or
for whatever other reason imaginable—deserves the same fate according to your reasoning...😂

Do you actually have those physical assets in your hands?
Of course not. All you've got is a paper promise that you might one day see them. Good luck with that.
Sure, anyone gambling in a casino deserves to lose every cent they have. And now, why don't you go ahead and quote me saying I mentioned the specific form of financial assets "for any reason whatsoever."🙂

Anthony Evans78 said:Do you actually have those physical assets in your hands?
Of course not. All you've got is a paper promise that you might one day see them. Good luck with that.
Sure, anyone gambling in a casino deserves to lose every cent they have. And now, why don't you go ahead and quote me saying I mentioned the specific form of financial assets "for any reason whatsoever."🙂

Holding or trading ETFs is essentially the same kind of "gambling" as trading any other form of FI.
I fail to see any meaningful difference in risk when you're buying a single ETF versus buying shares in a specific
company. It all boils down to the inherent risk of the individual instrument within the basket...

So, over the last four days, we've been stuck in this specific "2%/1%/Flat/Hard Down" attack pattern—something James McShirley has been calling out. Basically, what he’s saying is that whenever the big players decide they want gold to "exhale," they pull this calculated, capped move: a 2% jump on Thursday, a 1% crawl on Friday, a dead-flat Monday, and then a total Hard Down today.

placidlynx43 said:So, over the last four days, we've been stuck in this specific "2%/1%/Flat/Hard Down" attack pattern—something James McShirley has been calling out. Basically, what he’s saying is that whenever the big players decide they want gold to "exhale," they pull this calculated, capped move: a 2% jump on Thursday, a 1% crawl on Friday, a dead-flat Monday, and then a total Hard Down today.

Fitch just downgraded Japan's credit rating, which usually plays well for gold. This is likely just an initial reaction to how the USD is moving. Makes you wonder... is Fitch part of the shady 🙂 Cartel too?

quiettrucker12 said:Fitch just downgraded Japan's credit rating, which usually plays well for gold. This is likely just an initial reaction to how the USD is moving. Makes you wonder... is Fitch part of the shady 🙂 Cartel too?

An "evil" cartel? Please. I’m pretty sure everyone sitting at those high-level tables thinks they’re the "good guys" doing what's necessary. As for Fitch—look, they’re obviously deeply tied to a system where governments, central banks, and the "gold cartel" banks hold all the cards. And from where I’m sitting, it definitely doesn't serve their interests to see gold or silver prices go absolutely parabolic.

Melissa Sanchez17 said:Is this basically your roadmap for where we're headed through the end of 2014 or 2015?

http://www.munknee.com/2012/05/golds...peaks-by-2015/

Personally, I’ve got a feeling this ride lasts a bit longer—maybe through late 2016 or even early 2017. We'll see how it plays out.

LOL

"Some days around here, you seriously start wondering if the phone lines even work,"🤣😂

lonehawk5 said:LOL

"Some days around here, you seriously start wondering if the phone lines even work,"🤣😂

Honestly, there isn't a better setup for gold than when everyone else is feeling completely bearish.

They aren't far off. I just have my doubts... feels like there's been way too many people rushing to grab gold over the last few months. Fear and euphoria... they always seem to be walking hand in hand

Look, let’s be real—everyone knows the USD is way more reliable than gold. At the end of the day, you've got the full weight of the American government backing the dollar, whereas gold is just... what, 5,000 years of "barbaric tradition" and shiny rocks? 😁

lonehawk5 said:They aren't far off. I just have my doubts... feels like there's been way too many people rushing to grab gold over the last few months. Fear and euphoria... they always seem to be walking hand in hand

Unless you aren't counting China and India, who basically snatched up half the annual gold supply...☕

The current price says it all...

lonehawk5 said:The current price says it all...

Buy the dip! 😍

Though, if you ask me, we might want to hold off just a hair longer. It could honestly sink even lower

With prices where they are right now, it’s basically a sign to load up on more physical assets, don't you think?

The stock isn't going to stay at these levels forever. And for the record, I'm not buying a single thing.

Anthony Evans78 said:He spoke, he was wrong, and it's because criminal cartels manipulate silver prices without a second thought.
If you consider that there are roughly two billion ounces of silver held in investment form—and that's being generous—while a trillion Dollars were essentially conjured out of thin air just this past year, then if a nation ever decided to truly monetize silver, the price would soar way past $1000 an ounce.
In reality, that number wouldn't even matter. Why? Because digital "money" can be manufactured in seconds out of nothing and in infinite quantities. If silver were actually monetized, the price of silver or gold would effectively become infinite.
The same goes for gold.
Inflation is already hitting double digits in the US; they just don't want you hearing it on the mainstream news. It's perfectly in the interest of bankers and their kind to let inflation slowly eat away at whatever little savings people have left, turning everyone into permanent slaves.
Gold prices have already surged fifty times over since we abandoned the gold standard.
The problem with the Dollar, like any fiat currency, is that it isn't tied to gold and the US lacks a unified fiscal policy, but that's a whole other conversation... 🙂

I run into this argument about the "divine value" of gold (which apparently drags silver along for the ride) all the time whenever people start talking about moving back to a gold-based currency system (or silver, I guess).

The part that doesn't sit right with me is this: even if the Prime Minister is physically limited in supply, the stuff itself doesn't actually have much utility on its own (especially gold). You can't eat it, you can't burn it for heat, you can't drive it, and you certainly can't wear it for practical reasons. Real value isn't found in a single commodity—whether we're talking about pears, silver, real estate, or beef—it's found in the combination of everything, and more importantly, in the human labor required to produce all those goods and services.

Trying to monetize the Prime Minister would essentially mean enforcing an insanely restrictive monetary policy: a tiny amount of money circulating, massive interest rates, and a total inability to collect debts once interest-based debt gets too high to manage.

Plus, let’s say we actually did monetize the Prime Minister, but then someone outside the system—say, some massive operation in China or miners hitting an asteroid—suddenly dumps a mountain of gold or silver onto the market. Does the value of the Prime Minister drop relative to the dollar? No, because money is just a promissory note for the Prime Minister. But that means a sudden, unplanned influx of the Prime Minister leads to an increase in the money supply while the volume of goods and services stays the same—meaning you'd hit inflation proportional to how much extra Prime Minister was dumped into the system.

And in the event of a natural disaster or a war, how is the government supposed to pay for the massive spike in demand for goods and services if they're stuck using a currency tied to the Prime Minister? Their only move would be issuing bonds or creating a parallel currency.