Nobody said that the ETF isn't/doesn't track the price of gold.
The chart clearly shows that participation in the ETF (paper gold) is down.
And yet, the price of gold is significantly higher.
If "gold etf holdings haven't moved higher with spot price" as you say, then it's obvious that something besides paper gold is driving the price higher - and that something is global demand for real, physical gold - not paper.
Why is something this easy so difficult for you to understand?
Q: Are You Printing Money? Bernanke: Not Literally
@jmski52 said:
Nobody said that the ETF isn't/doesn't track the price of gold.
The chart clearly shows that participation in the ETF (paper gold) is down.
And yet, the price of gold is significantly higher.
If "gold etf holdings haven't moved higher with spot price" as you say, then it's obvious that something besides paper gold is driving the price higher - and that something is global demand for real, physical gold - not paper.
Why is something this easy so difficult for you to understand?
Understood completely,but that's not what derry tried to convey. That was rough getting it out of you guys.
@GoldFinger1969 said:
The U.S. did not "weaponize" the dollar. Countries pursuing an aggressive war have ALWAYS faced loss of trade and financial freedoms.
Putin and Russia have confiscated Ukrainian and Western assets, companies, etc. We're dealing with a kleptocracy.
US and their lackeys in the EU did it first. No country has to voluntarily obey the "rules-based order" which the US just "made up". It's based upon the Wolfowitz Doctrine. Read up on it if you've never heard of it.
Most of the world doesn't seem to see it like the "international community". Most of the world is neutral and to the extent has reduced trade with the "axis of resistance, it's only because of potential US "blowback"
I'm not asking anyone here to agree with what I Just wrote. I'm telling anyone holding your view that US foreign policy is and has been a disaster, all the way back to the mid-90s. It's completely gone "off the rails" more recently and unless altered, will lead to future geopolitical "blowback" with serious potential consequences on the living standards and physical well-being of every American.
Most Americans are ignorant of US foreign policy or hold an absurd hubris believing in US invincibility where this country can attack any other with impunity and no consequences. Aside from direct participation in the conflict, the US has declared (close to) total economic war on Russia. The US is also on a path to open military conflict with three peer competitors simultaneously, wars in it's no position to successfully prosecute if the accounts I hear are accurate. That's Russia, China, and multiple Islamic countries combined.
The US and NATO are already at war with Russia, under the guise of a "proxy" war. This never would have happened during the Cold War and that should tell you something. The US never intervened in either Hungary (1956) or Czechoslovakia (1968) if for no other reason the foreign policy establishment at the time recognized the consequences of this response. We're talking about the country with the largest nuclear arsenal and potentially most powerful ground forces. This isn't Iraq or Afghanistan. The nuclear weapons didn't disappear with the end of the Cold War either.
This chart does not compare gold ETF prices with Gold prices. Rather, it is comparing gold price with HOLDINGS of the gold ETF. So it is showing that as the price of gold has been climbing recently, money is being taken out of the gold ETF? Perhaps a diverging trend due to a move to take physical possession.... or to cash in? Anyway that is what I see in it.
That is exactly what the chart is telling you. It is also telling you the divergence began when the US began weaponizing the dollar (the woke name for this is "sanctions"). Not only are investors turning away from paper gold and moving toward physical gold, but the international community, including some of the world's biggest trading partners, after being put on notice that the US will use it's money to punish its adversaries, are seeking alternatives to using (and holding) the US dollar in trade. The largest fallout of these "sanctions" is the formation and continued growth of BRICS which has expedited the downfall of the mighty petro-dollar.
Couldn't find it with a search, but somewhere in a past post here I warned shortly after the sanctions began that the US was shooting itself in the foot. Appears to be the case.
Sanctions as used by the US and EU are a form of economic warfare.
I do agree with @GoldFinger1969's inference that any individual trying to geographically diversify has a current problem, though I still consider the USG a criminal enterprise to be trusted only as absolutely necessary.
@blitzdude said:
WOW..aaaaaaaaaaand back to normal non-political reality.......This place really, really does get stranger by the day.
^2 SMH!
.
Are you able to rise above cartoonish replies in a serious debate ?
If you don't agree with a contention, next time perhaps try to articulate some meaningful counter-points.
@dcarr said:
Are you able to rise above cartoonish replies in a serious debate ?
If you don't agree with a contention, next time perhaps try to articulate some meaningful counter-points.
.
Sure:
WOW. THKS!
The whole worlds off its rocker, buy Gold™.
BOOMIN!™
@dcarr said:
Are you able to rise above cartoonish replies in a serious debate ?
If you don't agree with a contention, next time perhaps try to articulate some meaningful counter-points.
.
Sure:
WOW. THKS!
.
Whom should I believe in this thread ?
Several posters who provided thoughtful commentary on the subject ?
Or the one poster who admits to pulling fake numbers out of his arse and makes false statements about having an engineering/physics degree ?
@dcarr said:
Are you able to rise above cartoonish replies in a serious debate ?
If you don't agree with a contention, next time perhaps try to articulate some meaningful counter-points.
I believe there is a concerted effort to spread mal and misinformation and create and spread "alternative facts" to seed civil distrust of everything. I believe this is done to instill fear and paranoia. I believe a scared and non-confident person is an easily controlled and manipulated person.
I believe many of us are unwitting--some purposefully--propagators of this agenda. I believe we have allowed ourselves to be pawns.
I believe it is not the loss of faith in a currency that leads to a countries failure, but rather the loss of faith in society that leads to the failure.
I believe we are weak, as we don't see what we are doing to ourselves.
I believe there is a concerted effort to spread mal and misinformation and create and spread "alternative facts" to seed civil distrust of everything.
The question is only as to what is misinformation and who is responsible for spreading it.
I believe it is not the loss of faith in a currency that leads to a countries failure, but rather the loss of faith in society that leads to the failure.
It's an indisputable truth that the privately-owned Federal Reserve creates "money" out of nothing and manipulates interest rates up or down to support an unaccountable system that is $35 trillion in un-payable debt.
Tell me how that's a good thing.
Q: Are You Printing Money? Bernanke: Not Literally
@jmski52 said: I believe there is a concerted effort to spread mal and misinformation and create and spread "alternative facts" to seed civil distrust of everything.
The question is only as to what is misinformation and who is responsible for spreading it.
I believe it is not the loss of faith in a currency that leads to a countries failure, but rather the loss of faith in society that leads to the failure.
It's an indisputable truth that the privately-owned Federal Reserve creates "money" out of nothing and manipulates interest rates up or down to support an unaccountable system that is $35 trillion in un-payable debt.
Tell me how that's a good thing.
The Federal Reserve is a quasi-private or quasi-public entity (take your choice), but your sentiments are essentially correct.
Monetary policy is a form of legalized counterfeiting. Central bank 2% inflation targets are a form of legalized theft. It's rationalized by calling it "public policy" where elected and appointed officials can get away with actions which would never be tolerated by anyone acting in a private capacity.
As for the USD's role as global reserve currency, it's going to take more than just a shrinking share of central bank reserves or settlement in international trade to displace it. The majority of non-local currency denominated debt is currently also in USD with huge demand for both principal and interest payments.
Concurrently, this doesn't mean there aren't future circumstances (no, not in the distant future) where foreign entities won't find another option, whether there is supposedly no alternative (TINA) or not. Everyone doesn't prioritize money over everything else like some on this forum seem to think.
I believe it is not the loss of faith in a currency that leads to a countries failure, but rather the loss of faith in society that leads to the failure.
Actually a loss of faith in a currency leads to that currency's failure. The US dollar is based on faith (in numerous things) and nothing else. Contrary to popular misbelief the government does not back the dollar. They leave it among us to place a value on it and to decide if we wish to barter with it, outside of the requirement to pay taxes with it.
The government is incapable of ever managing the economy. That is why communism collapsed. It is now socialism’s turn - Martin Armstrong
Several other central banks are buying physical gold. Our central bank is buying US bonds instead, that might be paid back, with even more borrowed money with lower purchasing power in the future as more is created. What could go wrong?
I believe there is a concerted effort to spread mal and misinformation and create and spread "alternative facts" to seed civil distrust of everything. I believe this is done to instill fear and paranoia. I believe a scared and non-confident person is an easily controlled and manipulated person.
I believe many of us are unwitting--some purposefully--propagators of this agenda. I believe we have allowed ourselves to be pawns.
I believe it is not the loss of faith in a currency that leads to a countries failure, but rather the loss of faith in society that leads to the failure.
I believe we are weak, as we don't see what we are doing to ourselves.
Well said, well said. RGDS!
The whole worlds off its rocker, buy Gold™.
BOOMIN!™
I believe there is a concerted effort to spread mal and misinformation and create and spread "alternative facts" to seed civil distrust of everything. I believe this is done to instill fear and paranoia. I believe a scared and non-confident person is an easily controlled and manipulated person.
I believe many of us are unwitting--some purposefully--propagators of this agenda. I believe we have allowed ourselves to be pawns.
I believe it is not the loss of faith in a currency that leads to a countries failure, but rather the loss of faith in society that leads to the failure.
I believe we are weak, as we don't see what we are doing to ourselves.
.
There is an effort to misdirect and distract people from realizing what is going on in the financial realm.
You make your living in the financial industry as it is (and you have declined to indicate who you work for).
So naturally you want to defend the status quo.
It seems like you would prefer that people not know about or not believe the declining stature of the US Dollar as an international reserve currency. Or that demographics are in conflict with the long-term viability of a debt-based financial system.
Discussing the topic on a forum such as this does not make someone "weak".
I am personally somewhat skeptical of everything that is presented by the government and its detractors. Corporate propaganda, however, is definitely suspect. I don't accept any of that on its face.
When I hear a politician calling for wider availability of student loans and automobile loans I see that as more of the same type of effort to put people into debt servitude. It benefits banks, educational institutions, and auto manufacturers far more than the people the loans are supposed to "help".
The best advice that I can give is to stay out of debt, invest in your self and your own enterprises first, and definitely do not do something simply because that is what other people are doing. Be a contrarian.
When gold was $50, a $1K price projection was unheard of. $10K gold is inevitable. "When?" will be determined by the rate of US dollar destruction. Gold price is simply a reflection of the currency it is priced in and the same old FED tricks cannot change that fact.
The government is incapable of ever managing the economy. That is why communism collapsed. It is now socialism’s turn - Martin Armstrong
I believe it is not the loss of faith in a currency that leads to a countries failure, but rather the loss of faith in society that leads to the failure.
Loss of faith in a currency leads to that currency's failure. When a national currency fails, that country's subsequent, rapid turmoil leads to it's failure from within.
The government is incapable of ever managing the economy. That is why communism collapsed. It is now socialism’s turn - Martin Armstrong
I believe it is not the loss of faith in a currency that leads to a countries failure, but rather the loss of faith in society that leads to the failure.
Loss of faith in a currency leads to that currency's failure. When a national currency fails, that country's subsequent, rapid turmoil leads to it's failure from within.
Society fails before the currency. Folk can continue on without a currency, but a currency cannot without folk.
I believe it is not the loss of faith in a currency that leads to a countries failure, but rather the loss of faith in society that leads to the failure.
Loss of faith in a currency leads to that currency's failure. When a national currency fails, that country's subsequent, rapid turmoil leads to it's failure from within.
Society fails before the currency. Folk can continue on without a currency, but a currency cannot without folk.
Doesn't seem to make sense to me.... but I'm willing to learn.
Please provide examples and references to back your assertion that 'Society fails before the currency'. Or perhaps it is just your opinion?
Seems much more likely to me that abuse of the financial / currency system increasingly would cause disruptions and problems in society, causing difficulties leading to breakdown of trust and thus the deteriorating of society.
@derryb said:
"Gold at $10,000 is just a 4X gain from here. From 2001 to 2011, gold went up more than that." - [Peter Schiff]
Except that price of gold was down by 60% over 20 years. Conversely, gold is UP 2.5x in a bit over a decade. today.
We WILL go higher but the click-bait predictions by carnival barkers are not helpful.
The click bait carnival barker (one of the few who predicted the 08 fiasco) simply pointed out that gold has previously gone up 4X in ten years (history rhymes). If you know this to not be true please show us. I find click-bait predictions can be helpful if the source has proven itself accurate in the past.
WHat's his track record year by year ? Lots of people predicted the 2008 GFC, nothing special. It's how they made $$$ before, during, and AFTER the GFC that matters.
Gold was dirt-cheap when it went up from 2001-2011. It had done NOTHING for 20+ years. Conversely, gold is up 50% in 4 years and double the last 10-11.
I’m sorry to pop your bubble but Gold has never been dirt cheap. A lot of dirt cheap banter around it though. Of course, I’m nearing 70. you gotta be at least 125 and of nobility or royalty to make this assertion. And it wasn’t dirt cheap in 1899
I believe there is a concerted effort to spread mal and misinformation and create and spread "alternative facts" to seed civil distrust of everything. I believe this is done to instill fear and paranoia. I believe a scared and non-confident person is an easily controlled and manipulated person.
I believe many of us are unwitting--some purposefully--propagators of this agenda. I believe we have allowed ourselves to be pawns.
I believe it is not the loss of faith in a currency that leads to a countries failure, but rather the loss of faith in society that leads to the failure.
I believe we are weak, as we don't see what we are doing to ourselves.
Well said, well said. RGDS!
Thankfully there are plenty of real believers left. we can fix it for you. You do see all of your beliefs hinge on your doubts. It’s a pity, really. i believed you two were stronger.
@TwoSides2aCoin said:
I’m sorry to pop your bubble but Gold has never been dirt cheap. A lot of dirt cheap banter around it though. Of course, I’m nearing 70. you gotta be at least 125 and of nobility or royalty to make this assertion. And it wasn’t dirt cheap in 1899.
Maybe not, but gold was dirt cheap in 1972 because the price had been artificially controlled for decades.
It was also dirt-cheap by 2000 and in 2016-18.
Gold spikes....hits a bubble peak....then comes down a ton and lays low for years or decades. That's been the pattern since 1973.
Just because one can now buy more dollars with an ounce does not mean the value of that ounce has changed. What has changed is the value of those dollars.
The government is incapable of ever managing the economy. That is why communism collapsed. It is now socialism’s turn - Martin Armstrong
@derryb said:
Just because one can now buy more dollars with an ounce does not mean the value of that ounce has changed. What has changed is the value of those dollars.
Really ? So gold is up 35% in the last 18 months, you're saying the dollar is down that amount ?
@TwoSides2aCoin said:
I’m sorry to pop your bubble but Gold has never been dirt cheap. A lot of dirt cheap banter around it though. Of course, I’m nearing 70. you gotta be at least 125 and of nobility or royalty to make this assertion. And it wasn’t dirt cheap in 1899.
Maybe not, but gold was dirt cheap in 1972 because the price had been artificially controlled for decades.
It was also dirt-cheap by 2000 and in 2016-18.
Gold spikes....hits a bubble peak....then comes down a ton and lays low for years or decades. That's been the pattern since 1973.
Was a great time for buying gold when the price was tanking while England was selling their gold reserves in 1999-2003 or so! In retrospect..., a very foolish action on their part.... likely done because of political reasons I suppose.
@tincup said:
Was a great time for buying gold when the price was tanking while England was selling their gold reserves in 1999-2003 or so! In retrospect..., a very foolish action on their part.... likely done because of political reasons I suppose.
Ambrose Evans-Pritchard in the UK Telegraph wrote a recent article about how they dumped the gold right at the bottom and the Chancellor was clueless.
Outstanding financial columnist, worth the price of a subscription alone.
@derryb said:
Just because one can now buy more dollars with an ounce does not mean the value of that ounce has changed. What has changed is the value of those dollars.
Really ? So gold is up 35% in the last 18 months, you're saying the dollar is down that amount ?
It is in the minds of those that drove gold up 35%. Gold is telling you an earful about the dollar. Clean the wax out.
The government is incapable of ever managing the economy. That is why communism collapsed. It is now socialism’s turn - Martin Armstrong
@derryb said:
Just because one can now buy more dollars with an ounce does not mean the value of that ounce has changed. What has changed is the value of those dollars.
Really ? So gold is up 35% in the last 18 months, you're saying the dollar is down that amount ?
It is in the minds of those that drove gold up 35%. Gold is telling you an earful about the dollar. Clean the wax out.
There's a whole lot more to this world than the US dollar. Take off the blinders and look around a bit. RGDS!
The whole worlds off its rocker, buy Gold™.
BOOMIN!™
@derryb said:
Just because one can now buy more dollars with an ounce does not mean the value of that ounce has changed. What has changed is the value of those dollars.
Really ? So gold is up 35% in the last 18 months, you're saying the dollar is down that amount ?
It is in the minds of those that drove gold up 35%. Gold is telling you an earful about the dollar. Clean the wax out.
There's a whole lot more to this world than the US dollar. Take off the blinders and look around a bit. RGDS!
The discussion is about gold and since we measure it with dollars, discussions here about chickens or commonwealths
are irrelevant if one wishes to stay on topic.
The government is incapable of ever managing the economy. That is why communism collapsed. It is now socialism’s turn - Martin Armstrong
I believe there is a concerted effort to spread mal and misinformation and create and spread "alternative facts" to seed civil distrust of everything. I believe this is done to instill fear and paranoia. I believe a scared and non-confident person is an easily controlled and manipulated person.
I believe many of us are unwitting--some purposefully--propagators of this agenda. I believe we have allowed ourselves to be pawns.
I believe it is not the loss of faith in a currency that leads to a countries failure, but rather the loss of faith in society that leads to the failure.
I believe we are weak, as we don't see what we are doing to ourselves.
Well said, well said. RGDS!
Thankfully there are plenty of real believers left. we can fix it for you. You do see all of your beliefs hinge on your doubts. It’s a pity, really. i believed you two were stronger.
@derryb said:
Just because one can now buy more dollars with an ounce does not mean the value of that ounce has changed. What has changed is the value of those dollars.
Really ? So gold is up 35% in the last 18 months, you're saying the dollar is down that amount ?
It is in the minds of those that drove gold up 35%. Gold is telling you an earful about the dollar. Clean the wax out.
There's a whole lot more to this world than the US dollar. Take off the blinders and look around a bit. RGDS!
The discussion is about gold and since we measure it with dollars, discussions here about chickens or commonwealths
are irrelevant if one wishes to stay on topic.
Many of us value our Au in the Pound Sterling. The world doesn't revolve around you. THKS!
The whole worlds off its rocker, buy Gold™.
BOOMIN!™
@derryb said:
It is in the minds of those that drove gold up 35%. Gold is telling you an earful about the dollar. Clean the wax out.
I don't see any Gold Bugs in the Forbes 400.
While the 400 richest people in America don't need gold, I'm sure they have more than their fair share of bling.
One can be bullish on gold without believing in the end of the dollar.
Dollar is ending around the world. Sadly, it's future here is being dragged out as long as it can at the expense of its users. Anyone bullish on gold for reasons other than this is betting on what? Why wait for it to die? Phase it out quickly, default on the debt and replace the currency with something. If they start adding zeros then it is dead.
Unless there is some unforeseen catastrophic event, gold won't even come remotely close to sniffing 10k, or 5k for that matter, "By the end of the decade."
@stevek said:
Unless there is some unforeseen catastrophic event, gold won't even come remotely close to sniffing 10k, or 5k for that matter, "By the end of the decade."
The event from 4 weeks ago solidified that.
world events guarantee at least $5K
The government is incapable of ever managing the economy. That is why communism collapsed. It is now socialism’s turn - Martin Armstrong
Comments
Nobody said that the ETF isn't/doesn't track the price of gold.
The chart clearly shows that participation in the ETF (paper gold) is down.
And yet, the price of gold is significantly higher.
If "gold etf holdings haven't moved higher with spot price" as you say, then it's obvious that something besides paper gold is driving the price higher - and that something is global demand for real, physical gold - not paper.
Why is something this easy so difficult for you to understand?
I knew it would happen.
This article says gold etfs have experienced inflows...
https://www.gold.org/goldhub/research/gold-etfs-holdings-and-flows/2024/09
Knowledge is the enemy of fear
OK, now I'm really confused, should I believe gold.org or Bulgaria hedge?
THKS!!
The whole worlds off its rocker, buy Gold™.
BOOMIN!™
Statistics.... statistics..... statistics. Yes, who to believe?
They want us to agree with them when they can't even agree among themselves. Kinda like a pachyderm party.
Knowledge is the enemy of fear
Understood completely,but that's not what derry tried to convey. That was rough getting it out of you guys.
Knowledge is the enemy of fear
_
"If my calculations are correct, when this baby hits 88 miles per hour ($3000) you're gonna see some serious shit." - Doc Brown
The government is incapable of ever managing the economy. That is why communism collapsed. It is now socialism’s turn - Martin Armstrong
US and their lackeys in the EU did it first. No country has to voluntarily obey the "rules-based order" which the US just "made up". It's based upon the Wolfowitz Doctrine. Read up on it if you've never heard of it.
Most of the world doesn't seem to see it like the "international community". Most of the world is neutral and to the extent has reduced trade with the "axis of resistance, it's only because of potential US "blowback"
I'm not asking anyone here to agree with what I Just wrote. I'm telling anyone holding your view that US foreign policy is and has been a disaster, all the way back to the mid-90s. It's completely gone "off the rails" more recently and unless altered, will lead to future geopolitical "blowback" with serious potential consequences on the living standards and physical well-being of every American.
Most Americans are ignorant of US foreign policy or hold an absurd hubris believing in US invincibility where this country can attack any other with impunity and no consequences. Aside from direct participation in the conflict, the US has declared (close to) total economic war on Russia. The US is also on a path to open military conflict with three peer competitors simultaneously, wars in it's no position to successfully prosecute if the accounts I hear are accurate. That's Russia, China, and multiple Islamic countries combined.
The US and NATO are already at war with Russia, under the guise of a "proxy" war. This never would have happened during the Cold War and that should tell you something. The US never intervened in either Hungary (1956) or Czechoslovakia (1968) if for no other reason the foreign policy establishment at the time recognized the consequences of this response. We're talking about the country with the largest nuclear arsenal and potentially most powerful ground forces. This isn't Iraq or Afghanistan. The nuclear weapons didn't disappear with the end of the Cold War either.
Sanctions as used by the US and EU are a form of economic warfare.
https://forbes.ge/en/the-most-sanctioned-countries/
I do agree with @GoldFinger1969's inference that any individual trying to geographically diversify has a current problem, though I still consider the USG a criminal enterprise to be trusted only as absolutely necessary.
WOW..aaaaaaaaaaand back to normal non-political reality.......This place really, really does get stranger by the day.
^2 SMH!
The whole worlds off its rocker, buy Gold™.
BOOMIN!™
WOW, some people are just scared of the truth.
The government is incapable of ever managing the economy. That is why communism collapsed. It is now socialism’s turn - Martin Armstrong
.
Are you able to rise above cartoonish replies in a serious debate ?
If you don't agree with a contention, next time perhaps try to articulate some meaningful counter-points.
.
Sure:
WOW. THKS!
The whole worlds off its rocker, buy Gold™.
BOOMIN!™
.
Whom should I believe in this thread ?
Several posters who provided thoughtful commentary on the subject ?
Or the one poster who admits to pulling fake numbers out of his arse and makes false statements about having an engineering/physics degree ?
.
Why believe anyone?
Knowledge is the enemy of fear
Why believe anyone?
What do you believe, coho?
I knew it would happen.
I believe there is a concerted effort to spread mal and misinformation and create and spread "alternative facts" to seed civil distrust of everything. I believe this is done to instill fear and paranoia. I believe a scared and non-confident person is an easily controlled and manipulated person.
I believe many of us are unwitting--some purposefully--propagators of this agenda. I believe we have allowed ourselves to be pawns.
I believe it is not the loss of faith in a currency that leads to a countries failure, but rather the loss of faith in society that leads to the failure.
I believe we are weak, as we don't see what we are doing to ourselves.
Knowledge is the enemy of fear
Gold has now surpassed the Euro to become the second-largest reserve asset after the USD.
Gold now represents 16% of global bank reserves, and the dollar has dropped from 70% in 2002, to 58% in 2024 and continues to decline.
My US Mint Commemorative Medal Set
I believe there is a concerted effort to spread mal and misinformation and create and spread "alternative facts" to seed civil distrust of everything.
The question is only as to what is misinformation and who is responsible for spreading it.
I believe it is not the loss of faith in a currency that leads to a countries failure, but rather the loss of faith in society that leads to the failure.
It's an indisputable truth that the privately-owned Federal Reserve creates "money" out of nothing and manipulates interest rates up or down to support an unaccountable system that is $35 trillion in un-payable debt.
Tell me how that's a good thing.
I knew it would happen.
What? the dollar losing favor with global banks? Who'da guessed?
Of course there are a couple here who refuse to take their heads out of the sand and face the truth. LOL
The government is incapable of ever managing the economy. That is why communism collapsed. It is now socialism’s turn - Martin Armstrong
The Federal Reserve is a quasi-private or quasi-public entity (take your choice), but your sentiments are essentially correct.
Monetary policy is a form of legalized counterfeiting. Central bank 2% inflation targets are a form of legalized theft. It's rationalized by calling it "public policy" where elected and appointed officials can get away with actions which would never be tolerated by anyone acting in a private capacity.
As for the USD's role as global reserve currency, it's going to take more than just a shrinking share of central bank reserves or settlement in international trade to displace it. The majority of non-local currency denominated debt is currently also in USD with huge demand for both principal and interest payments.
Concurrently, this doesn't mean there aren't future circumstances (no, not in the distant future) where foreign entities won't find another option, whether there is supposedly no alternative (TINA) or not. Everyone doesn't prioritize money over everything else like some on this forum seem to think.
Actually a loss of faith in a currency leads to that currency's failure. The US dollar is based on faith (in numerous things) and nothing else. Contrary to popular misbelief the government does not back the dollar. They leave it among us to place a value on it and to decide if we wish to barter with it, outside of the requirement to pay taxes with it.
The government is incapable of ever managing the economy. That is why communism collapsed. It is now socialism’s turn - Martin Armstrong
Several other central banks are buying physical gold. Our central bank is buying US bonds instead, that might be paid back, with even more borrowed money with lower purchasing power in the future as more is created. What could go wrong?
My US Mint Commemorative Medal Set
Well said, well said. RGDS!
The whole worlds off its rocker, buy Gold™.
BOOMIN!™
.
There is an effort to misdirect and distract people from realizing what is going on in the financial realm.
You make your living in the financial industry as it is (and you have declined to indicate who you work for).
So naturally you want to defend the status quo.
It seems like you would prefer that people not know about or not believe the declining stature of the US Dollar as an international reserve currency. Or that demographics are in conflict with the long-term viability of a debt-based financial system.
Discussing the topic on a forum such as this does not make someone "weak".
I am personally somewhat skeptical of everything that is presented by the government and its detractors. Corporate propaganda, however, is definitely suspect. I don't accept any of that on its face.
When I hear a politician calling for wider availability of student loans and automobile loans I see that as more of the same type of effort to put people into debt servitude. It benefits banks, educational institutions, and auto manufacturers far more than the people the loans are supposed to "help".
The best advice that I can give is to stay out of debt, invest in your self and your own enterprises first, and definitely do not do something simply because that is what other people are doing. Be a contrarian.
.
Gold Prices and Inflation: An Analytical Overview
When gold was $50, a $1K price projection was unheard of. $10K gold is inevitable. "When?" will be determined by the rate of US dollar destruction. Gold price is simply a reflection of the currency it is priced in and the same old FED tricks cannot change that fact.
The government is incapable of ever managing the economy. That is why communism collapsed. It is now socialism’s turn - Martin Armstrong
Loss of faith in a currency leads to that currency's failure. When a national currency fails, that country's subsequent, rapid turmoil leads to it's failure from within.
The government is incapable of ever managing the economy. That is why communism collapsed. It is now socialism’s turn - Martin Armstrong
Society fails before the currency. Folk can continue on without a currency, but a currency cannot without folk.
Knowledge is the enemy of fear
If the credit cards and iphones fail to work, "society" will cease to function.
I knew it would happen.
Doesn't seem to make sense to me.... but I'm willing to learn.
Please provide examples and references to back your assertion that 'Society fails before the currency'. Or perhaps it is just your opinion?
Seems much more likely to me that abuse of the financial / currency system increasingly would cause disruptions and problems in society, causing difficulties leading to breakdown of trust and thus the deteriorating of society.
But then.... I'm no financial expert.
3 signs a gold revaluation is coming
The government is incapable of ever managing the economy. That is why communism collapsed. It is now socialism’s turn - Martin Armstrong
…here is a case (PCGS) for $10,000.00 gold.
If you know your coins. > @GoldFinger1969 said:
I’m sorry to pop your bubble but Gold has never been dirt cheap. A lot of dirt cheap banter around it though. Of course, I’m nearing 70. you gotta be at least 125 and of nobility or royalty to make this assertion. And it wasn’t dirt cheap in 1899
+1. > @blitzdude said:
Thankfully there are plenty of real believers left. we can fix it for you. You do see all of your beliefs hinge on your doubts. It’s a pity, really. i believed you two were stronger.
Maybe not, but gold was dirt cheap in 1972 because the price had been artificially controlled for decades.
It was also dirt-cheap by 2000 and in 2016-18.
Gold spikes....hits a bubble peak....then comes down a ton and lays low for years or decades. That's been the pattern since 1973.
Just because one can now buy more dollars with an ounce does not mean the value of that ounce has changed. What has changed is the value of those dollars.
The government is incapable of ever managing the economy. That is why communism collapsed. It is now socialism’s turn - Martin Armstrong
Really ? So gold is up 35% in the last 18 months, you're saying the dollar is down that amount ?
Nonsense.
Twosides, that is a LOVELY Liberty Head DE, BTW !!
Was a great time for buying gold when the price was tanking while England was selling their gold reserves in 1999-2003 or so! In retrospect..., a very foolish action on their part.... likely done because of political reasons I suppose.
Ambrose Evans-Pritchard in the UK Telegraph wrote a recent article about how they dumped the gold right at the bottom and the Chancellor was clueless.
Outstanding financial columnist, worth the price of a subscription alone.
It is in the minds of those that drove gold up 35%. Gold is telling you an earful about the dollar. Clean the wax out.
The government is incapable of ever managing the economy. That is why communism collapsed. It is now socialism’s turn - Martin Armstrong
There's a whole lot more to this world than the US dollar. Take off the blinders and look around a bit. RGDS!
The whole worlds off its rocker, buy Gold™.
BOOMIN!™
The discussion is about gold and since we measure it with dollars, discussions here about chickens or commonwealths
are irrelevant if one wishes to stay on topic.
The government is incapable of ever managing the economy. That is why communism collapsed. It is now socialism’s turn - Martin Armstrong
I have no doubts.
Knowledge is the enemy of fear
I don't see any Gold Bugs in the Forbes 400.
One can be bullish on gold without believing in the end of the dollar.
Many of us value our Au in the Pound Sterling. The world doesn't revolve around you. THKS!
The whole worlds off its rocker, buy Gold™.
BOOMIN!™
While the 400 richest people in America don't need gold, I'm sure they have more than their fair share of bling.
Dollar is ending around the world. Sadly, it's future here is being dragged out as long as it can at the expense of its users. Anyone bullish on gold for reasons other than this is betting on what? Why wait for it to die? Phase it out quickly, default on the debt and replace the currency with something. If they start adding zeros then it is dead.
The Looming Debt Crisis: Is America Following the Path of Collapsed Empires?
The government is incapable of ever managing the economy. That is why communism collapsed. It is now socialism’s turn - Martin Armstrong
We about to press hard on the accelerator now.
Knowledge is the enemy of fear
Unless there is some unforeseen catastrophic event, gold won't even come remotely close to sniffing 10k, or 5k for that matter, "By the end of the decade."
The event from 4 weeks ago solidified that.
world events guarantee at least $5K
The government is incapable of ever managing the economy. That is why communism collapsed. It is now socialism’s turn - Martin Armstrong