Gold: Past, Present, and Future

Amanda Allen4 said:The article might be "promo," sure, but that doesn't make it inaccurate. Regarding the legality of usage? It is an absolute fact that a government can ban the possession of gold (certainly not the first time this has happened in history)—but that logic applies to any form of money, including your own! Look at India: they have specific currency denominations that are illegal there. If a government wants to outlaw cash entirely, they can.

So, I suggest you go back and read my signature one more time. 😁

This piece is total trash, honestly. It’s clearly targeting retirees who don't know the first thing about gold. It's super biased since it's sponsored, and the whole goal is just to get people rushing into "Aura Domus" (the sponsor) to blow their savings.

Yeah, well, I did say they might ban gold and cash. Maybe only "digital" money under their control will stay legal. I mean, banknotes belong to the state anyway. As far as I can tell, gold and crypto are really all we'll have left.

Michael Morgan5 said:Unfortunately, they're only taking USD for cash transactions.
Dammit... looks like I’m going to have to put myself out there 😠

Look, I buy stuff down by the coast all the time, and honestly? It sounds like those guys from your neck of the woods totally played you.

You could try selling through a branch of Raiffeisen Bank in Canada for Euros, but you'd actually have to trek over there if you want physical cash in hand—and even then, they cap you at $5,000 a day.
But hey, if you bring the wife, the kids, or even your mother-in-law along...😁 then maybe those folks in Ljubljana can just set up individual accounts for everyone so you can bypass the big banks entirely.
Or, you know, just make two trips with the wife to Canada.

As for the limits, I heard they might lift them here during the summer, but $35000 it’ll probably just be like everywhere else with a $5,000 ceiling, which is basically around $11667.

Maybe saying they 'screwed up' was a bit of an overstatement.
Nathan Morris3 already mentioned there was a $15k cash limit, but honestly, we could have negotiated that up to $40k if things had gone differently.
But that ship has sailed now, so whatever.
Right now, I'm trying to get my old man up to speed on the whole situation.
It’s making things a little messy on my end, but it’s definitely better to run this through his account rather than mine.😁
At any rate, I'll be out of this very soon.

Interesting developments emerging from San Francisco. The primary takeaway? A massive push toward The Great Reset seems increasingly likely.
The question remains... one that demands an answer sooner rather than later...

http://silverseek.com/commentary/beating-drums-16480

"What time is it?"

Michael Morgan5 said:Maybe saying they 'screwed up' was a bit of an overstatement.
Nathan Morris3 already mentioned there was a $15k cash limit, but honestly, we could have negotiated that up to $40k if things had gone differently.
But that ship has sailed now, so whatever.
Right now, I'm trying to get my old man up to speed on the whole situation.
It’s making things a little messy on my end, but it’s definitely better to run this through his account rather than mine.😁
At any rate, I'll be out of this very soon.

Hmm, looking at those previous charts, maybe there's a hint about where someone would put that much cash? Like, where would the money go?

I haven't really decided yet.
I'll probably split it—some goes straight into Wall Street, and the rest will go toward a trip to Washington, D.C. for some sightseeing. 😁

I’ve been spending some time lately digging through all these articles about investing—Wall Street, gold, the whole nine yards. To be honest, while Bob was busy handing out a sense for economics and smart investing to everyone else, I must have been looking the other way, because most of this feels like a foreign language to me. I have a question regarding precious metals, though. What is the actual practical difference between buying things like gold or platinum through a brokerage account versus just holding physical cash? Obviously, I get that buying through an account leaves a paper trail of where my money went, but since there aren't any taxes involved here, does that really matter? And if it does, why...?🤔
For instance, if I wanted to pick up some precious metals as something I intend to hold onto for the next twenty years or so—say, around $5,000 worth—what would be the smartest way to go about it? And where should I even look?
Or, I could just throw the whole lot into Wall Street. But then again, I don't quite wrap my head around these virtual currencies. If I buy gold, I can actually hold coins or bars in my hand, but with Wall Street... where does it actually live?

People who go all-in on gold as an investment... I mean, they’re usually prepping for those massive, once-in-a-lifetime crises.

In those kinds of scenarios, history shows us that gold has actually been banned before. And honestly? It’s entirely possible some government might decide to start seizing it again. So, maybe it’s just safer if nobody knows you even have any.

Though, I guess if things really went south, you could always just claim you already sold it off.

hiddensailor14 said:I’ve been spending some time lately digging through all these articles about investing—Wall Street, gold, the whole nine yards. To be honest, while Bob was busy handing out a sense for economics and smart investing to everyone else, I must have been looking the other way, because most of this feels like a foreign language to me. I have a question regarding precious metals, though. What is the actual practical difference between buying things like gold or platinum through a brokerage account versus just holding physical cash? Obviously, I get that buying through an account leaves a paper trail of where my money went, but since there aren't any taxes involved here, does that really matter? And if it does, why...?🤔
For instance, if I wanted to pick up some precious metals as something I intend to hold onto for the next twenty years or so—say, around $5,000 worth—what would be the smartest way to go about it? And where should I even look?
Or, I could just throw the whole lot into Wall Street. But then again, I don't quite wrap my head around these virtual currencies. If I buy gold, I can actually hold coins or bars in my hand, but with Wall Street... where does it actually live?

Monetary gold and Bitcoin are money. Gold has been around for 5,000 years, whereas Bitcoin is practically "yesterday's news." As forms of money, both serve as a medium of exchange for goods and services. If you want to actually spend that wealth, you eventually have to convert either gold or Bitcoin back into a fiat currency. The core point here is that gold and Bitcoin are autonomous—they aren't owned by any social institution, like the government, which can manipulate their value to suit political agendas.

Bitcoin is a cryptocurrency that you trade digitally. Gold is a commodity; if you have it sitting physically in your house, you have to take it somewhere to exchange it for the currency you want. However, if your gold is held in a vault—for instance, with https://www.goldmoney.com—you can also trade it digitally, meaning you can buy and sell using any of the six major global currencies.

Money—whether it's state-issued fiat or autonomous assets like gold, Bitcoin, and other cryptocurrencies—isn't technically an "investment" in itself because these things don't generate yield. If you hold one ounce of gold or one Bitcoin, ten years from now you will still have exactly one ounce or one Bitcoin; nothing more. But their value, when measured against a state currency, will be different. Unfortunately, historically, the value (the purchasing power) of fiat currency has systematically eroded—and that is precisely why people "invest" in gold and crypto. People buy them as insurance against the systemic collapse of purchasing power caused by fiat currencies that are constantly subject to monetary manipulation.

hiddensailor14 said:I’ve been spending some time lately digging through all these articles about investing—Wall Street, gold, the whole nine yards. To be honest, while Bob was busy handing out a sense for economics and smart investing to everyone else, I must have been looking the other way, because most of this feels like a foreign language to me. I have a question regarding precious metals, though. What is the actual practical difference between buying things like gold or platinum through a brokerage account versus just holding physical cash? Obviously, I get that buying through an account leaves a paper trail of where my money went, but since there aren't any taxes involved here, does that really matter? And if it does, why...?🤔
For instance, if I wanted to pick up some precious metals as something I intend to hold onto for the next twenty years or so—say, around $5,000 worth—what would be the smartest way to go about it? And where should I even look?
Or, I could just throw the whole lot into Wall Street. But then again, I don't quite wrap my head around these virtual currencies. If I buy gold, I can actually hold coins or bars in my hand, but with Wall Street... where does it actually live?

One must consider that Bitcoin (and other cryptocurrencies) relies entirely on external systems—the internet, the electrical grid, and the consensus of a crowd. Bitcoin offers certain advantages, such as the ease of remote transfer, but it remains hostage to market whims and the goodwill of regulators (who view it as more than a nuisance; they see it as a massive obstacle). Physical gold, conversely, has withstood the test of time. Do not fall for the allure of "paper" gold—securities tied to the price of gold. In a sudden price surge, you will find those assets are merely paper, offering nothing when the real thing is needed.

This really belongs in the rapid recovery thread—mostly because it challenges the reliability of the data being shoveled at us by politicians, the U.S. Census Bureau, and the Federal Reserve—but since it ties back to gold, I'll drop it here rather than elsewhere...

GOLD IS PROTECTION AGAINST DAMNED LIES AND WAR
Posted on April 13, 2017
by Egon von Greyerz

There are lies, damned lies, and news—to borrow from Benjamin Disraeli’s famous observation regarding lies and statistics. Today we are fed with lies constantly through mainstream news cycles; most people following the conventional media remain completely oblivious to what is actually happening. The reason? Very few people are willing to speak the truth anymore:

Politicians lie to mislead.
Governments manipulate economic data—think unemployment figures or inflation rates—to suit their own agendas.
Central bankers lie—because if they were honest, the global financial bubble would pop in an instant.
Bankers lie about their solvency; if they shared their actual financial standing with clients, they wouldn't have a single depositor left.
Fake News and False Flags are now commonplace. Since most people rarely question what they read in the papers or see on TV, it is incredibly easy for Governments in the West or East to disseminate falsehoods.
Journalists lie—whether it is due to political bias or simply being too lazy to dig for the facts.
Pension fund trustees lie—they simply don't have the courage to tell retirees that they likely won't see even a fraction of the pensions they were promised.

These lies are paving the way for a systemic collapse.

https://goldswitzerland.com/gold-is-...-lies-and-war/

Gentlemen bankers, if any of you actually know what time it is...
Don't tell me... Oh, wait...
Everything is moving exactly according to schedule. The deception was orchestrated long ago...
More than half a century, in fact...
No one is certain of anything anymore... yet we all know...
People are expecting gold to hit a five-figure number—but when the Fed is involved, let’s not kid ourselves.
This monetary easing of yours is getting out of hand. And how much longer could it last? It could go on indefinitely. In fact... go ahead. Push it. Fuel it. Salt it. Because theoretically, the truth is... this could drag on for decades. You think you're in control while we just watch. Carry on... keep making your moves... we aren't sure, though in reality, you people at Velnet are quite certain. ..
And why? Just look at his K U T A...
It’s all going to plan. You're aiming straight for the bullseye, but make no mistake... I can hardly wait. I've sharpened my tools. It only takes silver hitting $22 USD for things to get interesting. It is truly fascinating how you operate and maintain control... spreading the wealth, delaying the recession, declaring another stagflation era just like in 1970... yes, you heard me right. To the architect of the New World Order deception: tip of the hat to you for such a performance...
But you won't achieve a TOTAL TRANSFER... at least not while I have anything to say about it...
It’s approaching... and it is very close. By the way... don't forget to keep some Espumisan handy...😉
But I am sincerely hoping... that the fire at the hearth... will slowly but surely... begin to blaze and spread...
I’m speaking to you as an "old firekeeper"... as some have labeled me... and even if that's the case... it's embarrassing to even say... but truly... it is coming, and it is CLOSER THAN EVER... being stripped bare and...

"time to pay up."

Regarding mining stocks... it’s worth a play, just like I hinted
Some folks here have already laid it out like Zvrk... WE ARE ON THE RIGHT TRACK and we're going to drop a few tens of thousands of dollars into this... you won't go under the radar with a move like this from Mr. Velnet... at some point, we're looking at several hundred thousand... that's ten years of steady income... it won't be missed... what an opportunity, you even managed to "package" Allied Nevada. "Those people" must think there's no chance... Sure... we'll spend a few months staring at the stars, but that's about it... 😉

"waiting for the turnaround"

http://www.zerohedge.com/news/2017-0...-exposure-gold

Until central banks start aggressively piling into gold, we won't see any real movement—though, fortunately, the tide seems to be turning in our favor.
Bert Dohmen views gold as the opportunity of a lifetime, so patience is required... though, as Jesse says, you just have to be right and sit tight. 😁

Took a massive hit on my MUX position this past Saturday—down 10%. Man, life is getting expensive fast. 😁

I’ve been staring at the USD/EUR pair and gold lately, and honestly, it’s hard to believe how much they can manipulate these markets. The election results over in France turned out exactly how all the major agencies have been predicting for months, yet here we are dealing with this chaos.

Thinking about picking up some dollars while they're at these levels. What do you guys think?

I cashed out of my gold position on Tuesday, walking away with a 6% gain.🙂
The reality of it is a bit more complicated than that.
It seems everyone is slapping limits on cash withdrawals lately, except for https://www.sparkasse.at/steiermaerkische/muenzshop.
The catch? They’re buying it back at a rate that’s 7 EUR lower per ounce than you'd expect.

Melissa Sanchez17 said:Took a massive hit on my MUX position this past Saturday—down 10%. Man, life is getting expensive fast. 😁

I’ve been staring at the USD/EUR pair and gold lately, and honestly, it’s hard to believe how much they can manipulate these markets. The election results over in France turned out exactly how all the major agencies have been predicting for months, yet here we are dealing with this chaos.

Thinking about picking up some dollars while they're at these levels. What do you guys think?

Fofoa predicted USDX hitting 110-120 or even 150 "before death." That’s worth keeping in mind during these discussions. Honestly, who actually knows when to buy or sell—not to mention timing an exit perfectly or getting the right intel—to squeeze out another few dozen percent? It isn't negligible, but it's not my priority either. Could it go higher? Sure. But what are the odds?
Remember the manipulation seen in Forex and paper assets like the Dow Jones. It's a mess...
One must be extremely careful; things can slip hard and fast, and not just in the short term. Good luck to anyone trying to gamble or play the hero with paper assets.
Then again, both gold and silver are also just "paper" in New York City...
And it could happen like this—though the exact sequence of events remains somewhat obscure...😉
But we know how it goes...

"Take a look at the cards from the year 2000."

Gold dropped $50 in just two days... meanwhile, there's talk of war brewing in Korea.

I doubt we'll ever see an actual war break out in Korea.
Honestly, gold might even dip a bit lower over the next two or three weeks.

Michael Morgan5 said:I doubt we'll ever see an actual war break out in Korea.
Honestly, gold might even dip a bit lower over the next two or three weeks.

The people living in South Korea are relatively poor; you could import enough weaponry to arm an army, and they still wouldn't fight. Not since the border was drawn.

"adapting to the threat"