Gold: Past, Present, and Future

Since you haven't yet, it’s about time 🙂

Anthony Evans78 said:The Germans had their noses broken twice back in '43 (Stalingrad and Kursk), but it wasn't until the spring of '45 that Berlin actually fell.
The Dollar is following the same pattern.
More and more countries are ditching the Dollar for their trade deals (China and Germany, China and Russia, China and Brazil, China and Australia, China and Japan, China and Chile, China and UAE, India and Japan, Iran and Russia...).
Notice how many times I wrote "China"? 🙂
Do you really think reserve currency status vanishes overnight?
I guess today is an educational day... here, have some reading material to chew on.🙂 :

http://theeconomiccollapseblog.com/a...he-dollar-dies

Did you get these notes from this guy?
http://www.foxnews.com/us/weird-news/strange-stories-headline-news

🤣

Scripts?

A mistake, huh? 🙂
http://www.mineweb.com/mineweb/conte...4275&sn=Detail

And there it is—Wells Fargo is officially jumping into the gold buyback game.

http://hr.seebiz.eu/valute-i-robe/hr...lata/ar-51028/

They remembered early, didn't they? 🙂
In two years, there won't be anything left to buy back 🙂

Long gold at $715... man, I'm telling you, this thing is going to fly...
Long silver at $33.44... let's go!

Word on the street is $1755 was the local peak. If things play out normally—meaning if the Dollar doesn't suddenly decide to wake up and fight back—the bottom should sit above 1673. My best bet? A bottom at the 100-day moving average this coming Monday or Tuesday, somewhere around $1695.

potential for a local bottom

Honestly, all that noise matters less to me than the big picture. We need to stay above 1673 (dropping below makes things messy, though it doesn't change the end goal), head toward $1900 by February or March, and watch the Dollar finally break. That’s the macro view.

When I say the Dollar breaks, anyone paying attention knows exactly what I mean:

1. 84 was the top.

http://stockcharts.com/h-sc/ui?s=$US...d=p13556509090

2. This current bounce won't clear 82, and ideally won't even hit 81.5—something I've said a hundred times already.

3. By spring, we're looking at well below 80, and 80 will likely become a ceiling it won't touch again for a year or two.

Don't get me wrong, I'm not saying the Dollar just vanishes. I'm saying that in their currency games, the Euro might actually look like the stable one for a while. But without this shift, we don't get the next massive gold rally. So far, everything is following the script: Ben started QE (he'll probably have to ramp it up soon), and things are moving in the right direction.

After that, the Euro will run into its own trouble, and gold will pull back alongside it (think 2014/2015 vibes).

To make sure nobody thinks gold only moves in lockstep with the Euro: there's always a transition period from when the Dollar bottoms out until the gold surge peaks. It happens because gold needs time to build momentum. For example, the Dollar bottomed in May 2011, but gold didn't peak until September 2011.

The takeaway? The Dollar is still king, but that doesn't stop us from seeing a year or eighteen months where the Dollar tanks while gold absolutely rips.

At the 3:25 mark, you'll find the estimate on printing volume. Otherwise, you might as well sit through the entire interview.

http://www.youtube.com/watch?v=qjmuPw8RZ4A

If you want a clear look at the mental state of politicians and just how much they actually "know" when they speak, look no further than this exchange between a journalist and a UN official.

http://www.zerohedge.com/contributed...k-intervention

Apparently, they still think this is doable. The situation is looking even bleaker than I originally thought...
Take the President of France, Barack Obama, claiming he’ll nationalize a steel mill if layoffs start happening.

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

Look, I’m all for people having jobs, but since when does the government get to tell a private owner how to run their business? At that point, let's just skip the formalities and pivot straight to socialism.
We all know the difference between living under socialism in the East versus capitalism in Western Europe. The catch this time? There isn't even a real economy left to lean on, unlike what we saw back in the old days in the South.

Gold and silver will have to step up to counter these moves; otherwise, the dollar could slide even further.

Robert Vaughn10 said:If you want a clear look at the mental state of politicians and just how much they actually "know" when they speak, look no further than this exchange between a journalist and a UN official.

http://www.zerohedge.com/contributed...k-intervention

Apparently, they still think this is doable. The situation is looking even bleaker than I originally thought...
Take the President of France, Barack Obama, claiming he’ll nationalize a steel mill if layoffs start happening.

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

Look, I’m all for people having jobs, but since when does the government get to tell a private owner how to run their business? At that point, let's just skip the formalities and pivot straight to socialism.
We all know the difference between living under socialism in the East versus capitalism in Western Europe. The catch this time? There isn't even a real economy left to lean on, unlike what we saw back in the old days in the South.

Gold and silver will have to step up to counter these moves; otherwise, the dollar could slide even further.

Graham Summerson🤣 What a joke. I actually subscribe to his newsletters. According to him, the dollar was supposed to tank by the end of August. A whole bunch of people are pissed because he predicted there wouldn't be any volatility before the election (for investment purposes). Huge mistake, and the financial damage was even worse. That's enough said about him.

I'm not even gonna waste my breath talking about the UN or our own politicians. Incompetent, liars, clueless, corrupt... the dollar is definitely headed lower, there's no other way.

Melissa Sanchez17 said:Graham Summerson🤣 What a joke. I actually subscribe to his newsletters. According to him, the dollar was supposed to tank by the end of August. A whole bunch of people are pissed because he predicted there wouldn't be any volatility before the election (for investment purposes). Huge mistake, and the financial damage was even worse. That's enough said about him.

I'm not even gonna waste my breath talking about the UN or our own politicians. Incompetent, liars, clueless, corrupt... the dollar is definitely headed lower, there's no other way.

From what I can see, the Dow Jones fell about 500 points after the QE announcement, the S&P seems to have done the same, and even gold dipped slightly. So, I'm not quite sure what you're referring to.
I’ve never been one for short-term forecasting, and I certainly wouldn't believe the dollar would collapse that quickly or easily.
The point of my post was to illustrate that those in power actually believe these debt-reduction fairy tales and would resort to socialist methods to achieve them. It also strikes me as incredible that anyone believes we haven't already passed the point of no return...

Robert Vaughn10 said:From what I can see, the Dow Jones fell about 500 points after the QE announcement, the S&P seems to have done the same, and even gold dipped slightly. So, I'm not quite sure what you're referring to.
I’ve never been one for short-term forecasting, and I certainly wouldn't believe the dollar would collapse that quickly or easily.
The point of my post was to illustrate that those in power actually believe these debt-reduction fairy tales and would resort to socialist methods to achieve them. It also strikes me as incredible that anyone believes we haven't already passed the point of no return...

There’s no debate here—we've already passed the point of no return. I was talking about that article regarding Graham Summerson. The guy—let me repeat myself—was predicting a total meltdown of the currency by the end of summer. In my book, there isn't a single nation out there with a debt-to-GDP ratio over 120% that can pull itself out of this hole without defaulting.

Robert Vaughn10 said:At the 3:25 mark, you'll find the estimate on printing volume. Otherwise, you might as well sit through the entire interview.

http://www.youtube.com/watch?v=qjmuPw8RZ4A

The part where he mentions gold's purchasing power isn't always constant is interesting. Too bad he didn't dig deeper into what that actually implies. It means gold can get stretched way too high, which eventually triggers a correction. Ultimately, people will dump that "overstretched" gold to jump into undervalued stocks. That’s why those 1:1 or 0.75:1 DJIA-to-gold ratios matter so much. At those levels, it’s just a matter of weeks or months before the spring snaps back the other way. Unless, of course, someone actually believes there won't be any companies or stocks left by 2020.

quiettrucker12 said:The part where he mentions gold's purchasing power isn't always constant is interesting. Too bad he didn't dig deeper into what that actually implies. It means gold can get stretched way too high, which eventually triggers a correction. Ultimately, people will dump that "overstretched" gold to jump into undervalued stocks. That’s why those 1:1 or 0.75:1 DJIA-to-gold ratios matter so much. At those levels, it’s just a matter of weeks or months before the spring snaps back the other way. Unless, of course, someone actually believes there won't be any companies or stocks left by 2020.

I guess that’s more or less the gist of it (and it’s not just stocks that are undervalued, for the record). There really is no such thing as an ultimate asset, so Precious Metals aren't exactly 'the silver bullet for all time.' That's just my take, anyway, even if I do hold some.

Still, none of that changes the fact that this uphill climb is probably going to last quite a while longer.

Andrew Barrett4 said:I guess that’s more or less the gist of it (and it’s not just stocks that are undervalued, for the record). There really is no such thing as an ultimate asset, so Precious Metals aren't exactly 'the silver bullet for all time.' That's just my take, anyway, even if I do hold some.

Still, none of that changes the fact that this uphill climb is probably going to last quite a while longer.

Sure, but honestly, he should have tossed in those two or three sentences since he already mentioned gold prices can swing wildly.

Signs the dollar isn't heading south anytime soon!

http://www.bloomberg.com/news/2012-1...est-firms.html

"In the US, where sectors like manufacturing, mining, and construction drive roughly half of the entire nation's output..."

"American companies entering the ranking included an online travel agent and a social network operator: Priceline.com Inc. (PCLN) and Facebook Inc. (FB) Services make up 80 percent of the U.S. economy, Department of Commerce data show."

Enough for those who actually get it.

Andrew Barrett4 said:I guess that’s more or less the gist of it (and it’s not just stocks that are undervalued, for the record). There really is no such thing as an ultimate asset, so Precious Metals aren't exactly 'the silver bullet for all time.' That's just my take, anyway, even if I do hold some.

Still, none of that changes the fact that this uphill climb is probably going to last quite a while longer.

I’d argue there is one: knowledge.

It’s the only thing nobody can strip away from you. It improves your quality of life regardless of how you play it:
- You can liquidate it.
- You can apply it more effectively or pass it on to those who actually value it, which leaves you feeling fulfilled and useful.
- You can exist outside the "system." When you actually understand how things work, you’re never truly helpless—you don't even need the system anymore.
- Through a broader understanding of context, you can finally grasp what's actually happening and wake up. That’s how you actually become a functioning human being and truly live out your potential.

What I was originally getting at is that we shouldn't view gold as just some new bubble or a specific investment class. If the entire global structure has been built over millennia on the idea that a tiny elite holds the wealth because the masses don't, then we are approaching the endgame. For the first time in history, we have the technology—military, financial, religious—to actually bring that game to its conclusion. Since finance is essentially a component of power, gold and silver, as true money, aren't just an "asset class" anymore; they represent the currency of a truly free, new world, assuming we ever reach that stage. If we don't, well, we'll just be left with barcodes and "-2 credits" for every damn mistake we make, and that'll be that...

P.S. You really ought to walk away from all those stocks, bonds, derivatives, and logarithms... it's all just a game designed by the giants. It’s their mechanism for transferring energy—or "wealth"—so it's incredibly naive to think that regular people can consistently thrive within their rules over the long haul.

Walter Barrett8 said:I’d argue there is one: knowledge.

It’s the only thing nobody can strip away from you. It improves your quality of life regardless of how you play it:
- You can liquidate it.
- You can apply it more effectively or pass it on to those who actually value it, which leaves you feeling fulfilled and useful.
- You can exist outside the "system." When you actually understand how things work, you’re never truly helpless—you don't even need the system anymore.
- Through a broader understanding of context, you can finally grasp what's actually happening and wake up. That’s how you actually become a functioning human being and truly live out your potential.

What I was originally getting at is that we shouldn't view gold as just some new bubble or a specific investment class. If the entire global structure has been built over millennia on the idea that a tiny elite holds the wealth because the masses don't, then we are approaching the endgame. For the first time in history, we have the technology—military, financial, religious—to actually bring that game to its conclusion. Since finance is essentially a component of power, gold and silver, as true money, aren't just an "asset class" anymore; they represent the currency of a truly free, new world, assuming we ever reach that stage. If we don't, well, we'll just be left with barcodes and "-2 credits" for every damn mistake we make, and that'll be that...

P.S. You really ought to walk away from all those stocks, bonds, derivatives, and logarithms... it's all just a game designed by the giants. It’s their mechanism for transferring energy—or "wealth"—so it's incredibly naive to think that regular people can consistently thrive within their rules over the long haul.

I’d throw something else into the mix too:

- you can just pack your bags and leave the USA because there’s zero future here for people who actually have brains.

But this whole gold thing—or let's be more precise and call it the bull market talk—is really just a story about knowledge, isn't it? A massive crowd of people refuses to learn! They only figure it out when it's way too late. Just look at the USPS and their new "core business" pivot toward buying gold. They only decided to get smart after those three big firms exported two billion dollars worth of gold over the last three years.