click on chart to enlargeGot Gold?
Gold and Silver remain on a tear as the U.S. dollar continues to fall against the world's major currencies this week. There is a different feel to this gold rally. The Gold Cartel is trying hard to get gold significantly below $1,000 ounce but they are failing big-time (for now). What is gold telling us? Perhaps everything is not as good as the fianancial media and politicians are telling us. Keep an eye on gold, silver and the dollar.-Lou
Posts
There ain't nuff gold around for "everybody" even those that can afford to buy it or have money to buy it with, besides I'm not sure just why would anybody "with" gold want to take your paper dollars for it if its worth soooo much more?
ReplyDeleteSo if "everybody" with enough money decides to go and buy the actual metal, it won't go far, the major governments will own it all anyway, and it will be so high that even the millionaires won't be able to afford it. So what do you gold freaks think will happen than? And if you have those silly "paper" gold certificates, who would want to trust another piece of "paper" that says its "backed by the full faith" lol
I got a news flash, we the lowly middle class, the ones that have street smarts and military training, will be here to help you out with its storage lol, besides you can't eat gold or any other metals, it will be the lowly field hand and farmers that will rule if this thing you fear comes to pass. But I don't think it will get that bad, at least not in this life, only way it could get to that is if the world was to get hit by an asteroid, not a depression. People will survive a depression as they have before.