For those who are chart oriented, here are a couple of interesting charts. An 11 year continuous bull market in gold ended in 2012. The entire 500%+ move was missed by Barry Ritholtz and the other blowhard Wall Street shysters. They have been joyous over the last three years as gold has fallen a whole 35%.
The efforts of the Federal Reserve and their Wall Street owners to suppress the price of gold has been blatant. The massive sell orders designed to drop the price can be clearly identified. Rising gold prices reveal the economic dysfunction and Fed created inflation. Therefore, optics are everything while the ruling class finalizes their pillage-fest. But gold has begun to test resistance in its downtrend. If it breaks through the $1,300 level, it could be off to the races.
The price of gold has had a 93% correlation to the national debt over the last 114 years. This makes total sense, as the debasement of a fiat currency through debt creation makes hard assets that have retained value for centuries more valuable. The Fed’s manipulation and Wall Street’s rigged markets, with the blessing of the Federal government, has put a lid on the price of gold for the time being. Based on the historic correlation, gold should be priced at $1,700 today. The government adds $2 billion of debt per day. They are only men attempting to retain their wealth and power though dishonest means. They will fail. The US fiat currency will ultimately achieve its true value – ZERO.
If someone offered you 100 ounces of gold or $125,000 in fiat currency today and told you it couldn’t be touched for 20 years, which would you choose?
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