Increasingly the suspicion is raised that the gold price is kept artificially in check. But who can have an interest in a manipulated price of gold? Central banks?
Gold has consistently risen with the national debt with one exception after 2011. The gov wants to fake to the public 'all is well' and so as it done in the past gives free money (national debt) to the banks to invest in the market and this gives and artificial 'all is well' with the market. Gold often rises traditionally with public fear of the market and to fake again to the public 'all is well' with the economy the legal creation of gold\silver leases with short sales to force the public view of gold sale down. But (cough, cough, illegal) this is sanction by the gov. When the US currency and economy fails, gold and silver will show its true value with the public over whelming desire to purchase it and rise 50x times or more. China, Russia and India has stock up on gold. USA has spent its gold and when the US public market desires gold, it will not be there and the price will rise gigantically. Silver is join to gold if you wish to go a lesser investment. ..................................................................................................................... (Economic security or insurance) Often I post comments or articles about the US National Debt or the possible fail of the US dollar. I like so many people in life, work and these problems in life and history I simply have no personal effect or influence. Therefore, I wake up today, the sun shines and I am thankful for a new day and go about my daily chores. What can an individual do with a problem so large as the national debt and the US economy? We the US people have clearly written in our history of an economy, the US dollar being support or backed by gold or silver. History clearly shows by being on the standard over all the value of gold stayed the same and so did the inflation rate for the country. For over 100 plus years, we only had 3% inflation total. There are two original sin characteristics in play. One is the liar or the devil; define it as un-back dollars given by the Federal Reserve Bank and World Bank and its secret owners at inflation-hidden tax to the people without representation, always being told (lied to) this will fix our problems. And easy example to see this lie is if you imagine taking your own credit card max out and then paying it with another credit card, repeating the process living the good life and telling yourself all is well, delaying the responsibility of debt to an fantasy untold future. The second sin is the original sin of people since the beginning of time and this called, ‘want, desire, greed’ as we as a people chose the tree of knowledge and ignored the rule of absolute authority our God. As a people, we ignored our own self-disciplines for self-gratification. During the 1900s, we had an economic collapse of the stock market and in desperate need by our politicians and a desire to take care of the people. In a moment of political weakness politicians rather than follow self-disciplines of our economic society or the finite limitations of gold as a limiting factor, we fell to greed with a lie of fantasy of economic salvation a remote credit trap of debt slavery. Once the debt exceeds you ability with your income to pay it the only solution to continue the fantasy is to raise the debt level and continue to spend. Eventually with compounded interest towards this debt, the rate of debt grows faster and faster, destroying any assets the public has saved. Our founders of the US Constitution left Europe of this type of debt and hated the idea of government money to issue from Banks. The founders recognized the limitation, corruptibility of each human with ‘want, desire and greed’. Therefore, one person cannot create laws, rather by elected democratic processes with public clarity by having freedom of the press. Here we are with a fiat currency system of every increasing currency and debt with the bank and corporation owners of our currency also the owners of our media clouding and hiding the truth from the public and politicians. This current system by all real application corrupted for the benefit of greed with the use of lies by the banks and corporation with a political system to weak to tell the moneychangers or the people NO to debt and slaver, but to follow self-discipline. The history books are filling with exactly and complete clarity of any country economic currency being fiat and back by nothing 100% of the time fails. Germany is a highly intelligent was a well-rounded multi diverse people with many different religions living together. Because of fiat money, when it fell in history Hitler attempted to come to power and jailed for treason. Later he let out of jail and the country fell again too economically at this time Hitler by the people elected into power, because at this time the people were desperate. During the 1900s with our economic depression our own country became desperate and then moved to a fiat economic system with a gentle secret voice to give the people social programs unaffordable and will lead to our economic inflationary national debt ruin. A perfect example is to look to country Argentina was number twoe in the world economically at the time the US was number one. With its fiat currency and overly burdensome social programs, the country is bankrupt with extreme inflation. Examples of economic chaos or collapse, corruptibility can be seen currently and with history all around the world from effects of a fiat system; money from nothing. Gold what good is it; I cannot eat it. Gold is useful as money simple because of its rarity for value, it does not expire and the amount of it in the world is finite. If you equal gold to self-discipline of government and its currency, suddenly you receive stability in law and stability in value of goods and work. This is why gold for 6000 years been use as money. Intelligent countries around the world recognize the warning sign of a fiat currency. They have largely for years stockpile large amounts of gold. The largest of these countries is China, Russia and India, and there are others. While you might not agree with the politics of these countries, it easily seen as a country they are intelligent. Our fiat currency will fail with it said by many economic experts between now and the year 2020. Our great depression prior in history lasted over 10 years from the 1920s. I pray during our desperate hour of economic chaos our country does not fall in desperation to new government run by Hitler, Crazy Tyrant, Kings, or Banker Kings, socialism, communism, etc. I pray the people will look to our history and see clearly we do have a written US Constitution that work for the people and was economically gold self-disciplined. In all of history during any countries economic chaos, those who held gold and silver profited and did well. It said by the year 2020 gold could be worth $50,000 per one ounce. If a person bought one or two ounces, during an economic depression a person could use this value to pay off their own bills, pay college or go to college and adapt to a changing world. Note silver follows up or down with the value of gold and is very affordable too. You could plan to thrive during an economic down turn! What can a person do when the government is Trillions of dollars in debt; buy Gold Eagle one-ounce coins or buy Silver Eagle one-ounce coins and remember our history – the old US Constitution before 1871- of a system that did work for the people. I am always against violence and wish to government transition to be a calm political process of change. Oh, I wish to keep all the laws for equality and as a society wish we continue maturing towards this process. God Bless America!!!!!!
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I'll be waiting for my settlement check from the criminal banks. Unfortunately, I know I'll see planet Y (the one behind planet X) before I see a dime from any of them. Not a single Wall Street criminal going to jail in the long-term trillion dollar Ponzi scheme they've gotten away with (and are still doing!) tells you the end result of all of this -- "sound and fury signifying nothing". Of course there was Bernie Madoff who had to plead (!!) to be arrested, tried and jailed.
Government is essential to a functioning market but it can go too far in certain aspects. However, mostly the US government doesn't go far enough like allowing Captive markets like cable and satellite companies where there is a choice between getting substandard service at a high market rate or being a cord cutter.
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