A collapse of the capitalism structure based on credit for everything will affect assets and currencies. Does the fed have a margin before the collapse of dollars?
No, except selling gold which will have, like we can see, a fundamental to go up.
The last drop of gold was may be the first mark of high move from fed for not letting gold reflecting the distrust in the system.
May be there is a little potential up for gold miners but the risk now is too high. I would not recommand any gold miner unless you go with the ones who has the mines only in canada. We can head very soon, if a collapse of some currency, that government around the world will seized the mining company. And they will as ban having physical gold. The consequences of nationalism, closing border, collapse of the WTO, this is the path of having physical gold only and being very, very careful with gold miners.
Good article and fully agreed. BUT, there is a "but"....as I wrote once in a comment, central banks have the power to print papergold back by???? Gold and silver are the barometer of faith (in an opposite way) in a political/financial or in a whole society and central bank know that as well.
The higher gold is, less faith in gov.
So, only physical gold/silver.
And if you have any data about papergold central bank has issued and how many papergold versus physical situation we are, this can give a complete view of the fiat capitalism we are living in and will see it's collapse like the communism in USSR.
I agree. I missunderstand you if you mean the price of gold reflect the failure of the fed, which i think will be bigger as the politician took over it. Not only in the US.
a piece of land and some chicken...probably if you are on the right spot and nobody comes grabing your stuff. Just have a look in Zimbabwe and the quantities of holes digged by everybody in order to find little bit of gold for buying bread. It is not WW1 but an economic collapse due to printing...follow the dots.
When I said, I have been told rich people are loading gold, make reference to a personal insider in a swiss bank and what they have now in their vault from private clients....and it is just a small private bank.
I have seen by myself in the 70ths the vault of the reserve in a major bank where it was a huge place with 12.5 kg bars, (all with the russian logo!!!).
If you can provide the reader with the external audit of physical gold detained by the fed and the total amount of paper gold they have issued, would be, in that case, very informative.
...they must also recognize that no institution has done more to pave the road to higher gold prices than the Federal Reserve....
Are you serious? Taking the Hunt brothers who really was market maker till a collapse, is one thing.
I am sorry but you article does not go deep in the subject but just a position of "fed defend gold like other assets" is just non sense. Yes, FED balance sheet has increased with whatever bond, TB, equities, BMS etc..
May be it has increase in paper gold issue by them (FED) and sold on the market.
Sorry but you look like propaganda....and you want the others looks like conspirationists. Bring me the total of paper gold issue by the fed and the real inventory of gold they have in their vault since dollar is not anymore valued with gold.?
When gold is going higher you give credit to FED. Come on. I have been reported that rich people are loading physical gold because they know dollar is going to the wall. And you know that. You can treat gold as relic of the old age,but this is a relic that still exist through war, revolution, bankruptcies, crises....you name the others.
A relic that survives is not a relic. It is an asset.
Thanks in advance for a more deep investigation on what you write, specially when it looks like fed is behind the soaring price of gold.
Central banks, specially the FED, don't want gold surge and you imagine why.
We don't really know how many papergold there is versus real gold but it is for sure not one to one. Which should not exist.
We have seen the problem of the FED to deliver physical gold to Germany.
So, the secret is well kept, I think, about the real situation of the FED.
And the central banks are unfortunately now run by government.
Swiss central bank is not either in good position as it has to load, and load a quantity of foreign currency (USD and Euro) in order to keep the swiss francs in a comfort zone for exportation.
The tension is getting higher each time we have a "crash" (I mean when investors loose faith!). Like in medical point of view, we call it depression, there is a reason. Everything is done in order WE don't loose faith in the currency or in the economic system.
Capitalism is broken. There is a point of no return as the system has destroyed the middle class. We enter, like in politic, in a fight between the extreme. And like in electricity, to much charge between the positive and the negative lead to a spark, which can be an explosion depending on the environment (mix of gasoline and air for your car!).
So politics know this can lead to revolution and this "tension" will be divert like germany did in the 30th. Instead of having the people fighting each other or taking down the politics in power, they can be "sheeped" to a war, a common enemy.
So, nobody except the leader, want that. We see already the saying "the virus of China, the virus of the communist party of China, etc.
So, to make it short, as long as the central bank are unified in their action, gold will be controlled with buying pressure from Russia and others. I mean others, the ones who knows that the printing will lead, without doubt, to inflation. Not right now, but a few years ahead. It was like that and will be like that.
So gold will slowly keep its track higher as long as our system of capitalism is not changed. I don't think of communism, but a system that will balance consumption with harmony with nature. We see already momentum with this kind of investment.
So, hope the change will not be with fight and revolution or war, but a consciousness that our life depend on just one little ball where we live.
And you can be wherever on the planet, now it is the dollar. But the way it goes, I have some doubt that we can come back to something more physical like gold. Some think of bitcoin (or chinese virtual coin) but you must trust a "computerized" system which can be destroy one way or another.
So, don't bet gold in a couple of months.
Buy physical gold or certificate of physical gold where you can have the delivery of it. This is a long term insurance against the fool who are driving the car and where you cannot do too much about the course.
Latest Comments
Asset Price Crash Dead Ahead?
A collapse of the capitalism structure based on credit for everything will affect assets and currencies. Does the fed have a margin before the collapse of dollars?
No, except selling gold which will have, like we can see, a fundamental to go up.
The last drop of gold was may be the first mark of high move from fed for not letting gold reflecting the distrust in the system.
Gold is the last one to die on the battlefield.
Sign Of The Times: Gold Has Its Most Vocal Proponents Helping Sell Jay Powell’s Fiction
A point in favor of gold, even if you have inflation....
Inflation much higher than TB rate or savings rate. If you have 10 percent inflation and 4 percent on your saving, what is your choice?
And as ghost business or government don't have enough money for paying higher interest, you can make the dot for the future.
The Gold Rally May Have Just Begun: 5 Top Picks To Tap It
May be there is a little potential up for gold miners but the risk now is too high. I would not recommand any gold miner unless you go with the ones who has the mines only in canada. We can head very soon, if a collapse of some currency, that government around the world will seized the mining company. And they will as ban having physical gold. The consequences of nationalism, closing border, collapse of the WTO, this is the path of having physical gold only and being very, very careful with gold miners.
What Powell And Lagarde Told The G7?
Good article and fully agreed. BUT, there is a "but"....as I wrote once in a comment, central banks have the power to print papergold back by???? Gold and silver are the barometer of faith (in an opposite way) in a political/financial or in a whole society and central bank know that as well.
The higher gold is, less faith in gov.
So, only physical gold/silver.
And if you have any data about papergold central bank has issued and how many papergold versus physical situation we are, this can give a complete view of the fiat capitalism we are living in and will see it's collapse like the communism in USSR.
Thanks for your article
Gold Market Manipulation And The Federal Reserve
I agree. I missunderstand you if you mean the price of gold reflect the failure of the fed, which i think will be bigger as the politician took over it. Not only in the US.
Thanks for your reply
Gold Price Outlook: Gold Slammed Lower On Record US Jobs Creation
a piece of land and some chicken...probably if you are on the right spot and nobody comes grabing your stuff. Just have a look in Zimbabwe and the quantities of holes digged by everybody in order to find little bit of gold for buying bread. It is not WW1 but an economic collapse due to printing...follow the dots.
Gold Market Manipulation And The Federal Reserve
When I said, I have been told rich people are loading gold, make reference to a personal insider in a swiss bank and what they have now in their vault from private clients....and it is just a small private bank.
I have seen by myself in the 70ths the vault of the reserve in a major bank where it was a huge place with 12.5 kg bars, (all with the russian logo!!!).
If you can provide the reader with the external audit of physical gold detained by the fed and the total amount of paper gold they have issued, would be, in that case, very informative.
Gold Market Manipulation And The Federal Reserve
...they must also recognize that no institution has done more to pave the road to higher gold prices than the Federal Reserve....
Are you serious? Taking the Hunt brothers who really was market maker till a collapse, is one thing.
I am sorry but you article does not go deep in the subject but just a position of "fed defend gold like other assets" is just non sense. Yes, FED balance sheet has increased with whatever bond, TB, equities, BMS etc..
May be it has increase in paper gold issue by them (FED) and sold on the market.
Sorry but you look like propaganda....and you want the others looks like conspirationists. Bring me the total of paper gold issue by the fed and the real inventory of gold they have in their vault since dollar is not anymore valued with gold.?
When gold is going higher you give credit to FED. Come on. I have been reported that rich people are loading physical gold because they know dollar is going to the wall. And you know that. You can treat gold as relic of the old age,but this is a relic that still exist through war, revolution, bankruptcies, crises....you name the others.
A relic that survives is not a relic. It is an asset.
Thanks in advance for a more deep investigation on what you write, specially when it looks like fed is behind the soaring price of gold.
Two Metals And An Interest Rate
Nice research and grafics. Thanks for sharing.
Gold Price Outlook: Gold Slammed Lower On Record US Jobs Creation
Central banks, specially the FED, don't want gold surge and you imagine why.
We don't really know how many papergold there is versus real gold but it is for sure not one to one. Which should not exist.
We have seen the problem of the FED to deliver physical gold to Germany.
So, the secret is well kept, I think, about the real situation of the FED.
And the central banks are unfortunately now run by government.
Swiss central bank is not either in good position as it has to load, and load a quantity of foreign currency (USD and Euro) in order to keep the swiss francs in a comfort zone for exportation.
The tension is getting higher each time we have a "crash" (I mean when investors loose faith!). Like in medical point of view, we call it depression, there is a reason. Everything is done in order WE don't loose faith in the currency or in the economic system.
Capitalism is broken. There is a point of no return as the system has destroyed the middle class. We enter, like in politic, in a fight between the extreme. And like in electricity, to much charge between the positive and the negative lead to a spark, which can be an explosion depending on the environment (mix of gasoline and air for your car!).
So politics know this can lead to revolution and this "tension" will be divert like germany did in the 30th. Instead of having the people fighting each other or taking down the politics in power, they can be "sheeped" to a war, a common enemy.
So, nobody except the leader, want that. We see already the saying "the virus of China, the virus of the communist party of China, etc.
So, to make it short, as long as the central bank are unified in their action, gold will be controlled with buying pressure from Russia and others. I mean others, the ones who knows that the printing will lead, without doubt, to inflation. Not right now, but a few years ahead. It was like that and will be like that.
So gold will slowly keep its track higher as long as our system of capitalism is not changed. I don't think of communism, but a system that will balance consumption with harmony with nature. We see already momentum with this kind of investment.
So, hope the change will not be with fight and revolution or war, but a consciousness that our life depend on just one little ball where we live.
And you can be wherever on the planet, now it is the dollar. But the way it goes, I have some doubt that we can come back to something more physical like gold. Some think of bitcoin (or chinese virtual coin) but you must trust a "computerized" system which can be destroy one way or another.
So, don't bet gold in a couple of months.
Buy physical gold or certificate of physical gold where you can have the delivery of it. This is a long term insurance against the fool who are driving the car and where you cannot do too much about the course.