Gold: Past, Present, and Future

Anthony Evans78 said:The dollar really did sell its soul just to stay relevant, didn't it?🤣

Well, I guess that’s true if you talk to people on the street—but strictly within the context of their own currency. It's just the lesser of two evils, especially since official buybacks are so restricted while the black market is absolutely booming.
it's pretty much the same situation here with the Dollar (I mean, look, I didn't make this up),

At least we have a few ways to find alternatives to the euro or the dollar 😉

Gold

The Goldman Sachs Rally

http://www.martinarmstrong.org/files...01-23-2012.pdf

Anthony Evans78 said:History repeats itself whenever fiat currency is involved. People flock to precious metals because they’re scared—and rightfully so—that the money printers will eventually wipe out their life savings.
The whole QE1 and Queen Mary 2 era was just throwing cash at banks to keep them afloat. It wasn't even meant to help the economy, let alone save it. 🙂
If you ask me, we aren't even in the second phase yet because the Everyman hasn't started buying gold. Around here, nobody understands this stuff outside of us on forums like this. Seeing a few "we buy gold" signs in US cities isn't a sign of a bubble. We can talk about hysteria once reporters are stationed at the borders interviewing people who are fleeing the country just to BUY gold. But unlike other speculative manias, this won't be about trading profits; it'll be a fight for survival.
Crises don't just happen by accident. The same people trying to "fix" the current mess are the ones who caused it in the first place. There's a reason for that. The wealthy get wealthier, while the poor scavenging for scraps don't have much to lose anyway. The real victims will be the remnants of the middle class, who are basically being turned into serfs. Location doesn't matter—America, Europe, Asia... it's all the same. The system is collapsing, and 99% of people are completely oblivious to what's actually happening.
As long as they stay blind, precious metals will keep shining.

Personally, I wouldn't count what's happening in America as any kind of important factor in my analysis at all.
We aren't leading the charge in these kinds of shifts, and our local market doesn't have any real pull on prices anyway. Prices are set globally. We're just along for the ride, watching from the sidelines.
So, whether there's some crazy gold fever or a bubble happening right here locally doesn't really matter. It doesn't change a thing, and it's definitely not an indicator worth paying attention to, I think.

-Joe

Andrew Barrett4 said:Yeah, I’ve heard. But honestly, dealing with Iranians is a whole different ballgame—they operate on their own wavelength. You've got massive inflation, so they rely heavily on gold or the US dollar just to keep any sense of value, plus there are limits on how much gold an individual can actually buy, all while demand stays through the roof. On top of that, they seem to be carving out their own little set of rules.

Everyone seems to have a problem with the reserve currency. 😁

A currency like this—one that lacks real backing and is prone to abuse—is bound to collapse eventually, regardless of whether anyone finds it inconvenient. It just strikes me that whoever sits in the White House won't be able to pull off that kind of magic trick—printing money out of thin air without any coverage, much like what happened back in '71 under Nixon—to keep the dollar's status as the world's reserve currency alive indefinitely.

briskjackal5 said:Personally, I wouldn't count what's happening in America as any kind of important factor in my analysis at all.
We aren't leading the charge in these kinds of shifts, and our local market doesn't have any real pull on prices anyway. Prices are set globally. We're just along for the ride, watching from the sidelines.
So, whether there's some crazy gold fever or a bubble happening right here locally doesn't really matter. It doesn't change a thing, and it's definitely not an indicator worth paying attention to, I think.

-Joe

What we see domestically is merely a reflection of what is happening globally. Even overseas, the average person has absolutely no clue about gold, let alone silver.

briskjackal5 said:Personally, I wouldn't count what's happening in America as any kind of important factor in my analysis at all.
We aren't leading the charge in these kinds of shifts, and our local market doesn't have any real pull on prices anyway. Prices are set globally. We're just along for the ride, watching from the sidelines.
So, whether there's some crazy gold fever or a bubble happening right here locally doesn't really matter. It doesn't change a thing, and it's definitely not an indicator worth paying attention to, I think.

-Joe

The trick is just to take advantage of the fact that nobody has a clue what's actually going on.🙂

dustyheron5 said:Eric Sprott—gold hitting $2,000/oz before year-end, silver climbing past $100/oz...

http://kingworldnews.com/kingworldne...old_Price.html

How many of these wild predictions did we see back in 2011?

They’re really overreaching with these forecasts again. Honestly, from what I can tell here in the States, there aren't any delivery delays whatsoever despite all this talk about "insatiable demand."

Anthony Evans78 said:The trick is just to take advantage of the fact that nobody has a clue what's actually going on.🙂

But, uh, how exactly would we do that?

-Steve

The strategy here is simple: you’re going to stack up silver—which, honestly, is looking even more undervalued than gold right now—while the price stays this low and 99% of the population remains completely oblivious to what's actually happening. ☕

The fact that about 99% of people out here have absolutely no clue what’s actually going on doesn't really change a thing when it comes to the gold prices you'll see at the shop.

-Steve

granitegull51 said:How many of these wild predictions did we see back in 2011?

They’re really overreaching with these forecasts again. Honestly, from what I can tell here in the States, there aren't any delivery delays whatsoever despite all this talk about "insatiable demand."

Maybe they’re exaggerating, maybe they aren’t. Regarding the supply issues—hmmm. Sure, deliveries seem fine for now, but I wouldn't bet my life that things stay this way for long. There's too much noise lately, too much chatter about the gap between paper and physical gold or silver. If a panic hits the paper markets, a shortage of physical metal is a 100% certainty. Everything has an expiration date, even some of the most enduring institutions. It makes me wonder how long gold and silver actually function as "currency." They've outlasted every fiat currency in history. Whether it's peacetime or war, stability or chaos, these metals hold their value. In my view, they are eternal currencies. But from what I've seen, physical metal isn't meant for speculation—though it could easily turn into a speculative tool if people get desperate enough.

briskjackal5 said:The fact that about 99% of people out here have absolutely no clue what’s actually going on doesn't really change a thing when it comes to the gold prices you'll see at the shop.

-Steve

Honestly, who even bothers talking about this back home? It’s a joke—you can barely find decent gold or silver locally without running into a massive headache, yet if you try to import anything, you get slapped with a 58% tax. It’s absurd. And let’s be real, even out here in the States, 99% of people don't have the slightest clue how this works. The biggest issue, though—the thing that really drives the market—is the fact that paper prices and physical prices aren't actually decoupled. They're tethered together in a way that defies logic. Just wait... once this whole house of cards built on paper nonsense finally collapses, everyone is going to realize how much they were played.

briskjackal5 said:The fact that about 99% of people out here have absolutely no clue what’s actually going on doesn't really change a thing when it comes to the gold prices you'll see at the shop.

-Steve

That is correct, though I would argue it directly impacts purchasing power. Supply is extremely limited right now, making it possible to buy as much as one wants given how few buyers there are. As demand rises here in the States, supply issues will inevitably arise regardless of current pricing.

Where’s the best spot to offload gold coins—is it actually worth making the trip to Denver, or should I just stick to New York City or Washington, D.C.? I'm based in NYC, so I was thinking about heading out to Denver if the payouts are better there.

Zachary Mendoza2 said:That is correct, though I would argue it directly impacts purchasing power. Supply is extremely limited right now, making it possible to buy as much as one wants given how few buyers there are. As demand rises here in the States, supply issues will inevitably arise regardless of current pricing.

Supply just isn't really an issue here anyway, because most people end up heading over to Washington, D.C. to pick up their physical gold instead.

-Stipe

I pick stuff up from classifieds, online auctions, even under the counter at local coin shops...☕

How legal is it to buy gold—I'm talking investment grade stuff, bars and such—through online marketplaces? Technically, it's just merchandise, albeit high-end merchandise, so I'm wondering if there's any tax implication or anything similar involved...

Everything is perfectly legal as long as you don't get caught. 😳

The trend just broke, which means the correction is likely over. It’ll be interesting to see how this bull market plays out next—whether we hit a consolidation phase (and how long that drags on) before picking back up, or if we head straight into a final bubble, though I doubt that happens. Everything hinges on how much higher this rally can actually go.

The market keeps climbing right up until fiat hits zero.🙂
Then comes the system reset.