The Price of Gold: Does It Matter?

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Jim Mathias
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Re: The Price of Gold: Does It Matter?

Post by Jim Mathias » Sun Jan 12, 2020 8:50 am

Wade Hampton III wrote:
Sat Jan 11, 2020 3:11 pm
Wade speculates: "The status quo will be maintained. How, when, and where it will be maintained is the looming question. Gold will not lose its value. Chancellor Hitler made do without it because he found a way to monetize German labor. The same can be done again in a future NS state. It will certainly not relegate gold into a base metal."
Imagine a group of people who do the same, monetizing labor, among themselves on any scale. As long as the term "dollar" isn't used, the concept can be put into place nearly anywhere.
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Re: The Price of Gold: Does It Matter?

Post by Colin » Sun Jan 12, 2020 12:27 pm

Jim Mathias wrote:
Sun Jan 12, 2020 8:50 am
Wade Hampton III wrote:
Sat Jan 11, 2020 3:11 pm
Wade speculates: "The status quo will be maintained. How, when, and where it will be maintained is the looming question. Gold will not lose its value. Chancellor Hitler made do without it because he found a way to monetize German labor. The same can be done again in a future NS state. It will certainly not relegate gold into a base metal."
Imagine a group of people who do the same, monetizing labor, among themselves on any scale. As long as the term "dollar" isn't used, the concept can be put into place nearly anywhere.

We have a barter network here. You get listed as to what service or product you offer, and then just trade for what you need that others on the network have. I have also met a few like minded people through the network.

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Wade Hampton III
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Re: The Price of Gold: Does It Matter?

Post by Wade Hampton III » Thu Jan 23, 2020 10:19 am

All currencies are worth what you can buy with them
(i.e. their purchasing power). If there's nothing you
can buy (trade for) with a given currency, that currency
has no value beyond its physical makeup (e.g. paper).

Gold is a commodity, one among many; valuable because
it has some uses, folks think that it is pretty, and
it was historically used as a currency. It is not a
currency now - the only thing you can trade gold for
is other currency. A Gold Standard currency merely
means that you can at any time exchange whatever
currency you hold for some (usually fixed ratio)
amount of gold. An implication of this is that
your money supply must match your gold supply.

Life gets interesting if your gold supply (and
thus money supply) does not (or cannot) grow
in proportion to your nation's economic growth ...
which is really the basis for the value of your
currency (what you can buy with it). Leverage
on a gold supply is also very dangerous - we
saw the damage that excessive leverage can (and
did) do in the 2008 Financial Crisis, and that
didn't even involve gold. This is why no modern
economy is on the gold standard for its currency.

A "Fiat" Currency is worth what the Jewish
Central Bank says it's worth, usually backed
in law by the Jews who control the central
government. In order for this to work in
practice, the central bank has to measure the
economy as best it can, and try and make the money
supply match. It's very tricky, but so long as they
get that more or less correct, you'll have a functional
currency (everyone conducts commerce (i.e. trade) with
it). If the central bank doesn't get it perfectly
right, you get deflation or inflation, ... or if
they really screw up, hyperinflation.

Jews and their Shabboz Goys are generally liars.
Some people don't like the thought of the "government"
(i.e. the Jewish bankers) being able to lie about
the value (purchasing power) of money, which is what
attracts them to the notion of a gold standard currency
- you can always open the vaults where the gold is held,
and easily check (count the bars of gold, and then, one
presumes, execute the lying Jews in the public square for
having been caught lying about the value of the nation's
currency. People get very testy about money, and rightly
so).

Most often, Jewish lies lies about the value of money tend
towards overvaluation (saying it's worth more than it
actually is). The thing is, the lies can't be too flagrant.
If they are, inflation becomes apparent in the prices that
everyone pays every day, and people stop accepting the
currency (or they get rid of it for some more stable asset
as quickly as possible). This sort of thing can collapse
your economy; there are many historical examples, the most
recent being the ongoing hyperinflation and economic collapse
of Venezuela, and right behind that - formerly Rhodesia...
...now known as Negro-controlled Zimbabwe. Or it can just be
really bad, as it was in Brazil before they corrected
themselves.

Thus do all the people have a vote in the value of any
currency: by their propensity to accept it in trade. The
"gold bugs" see this check on the value of currency as
being too nebulous, insufficiently explicit, or just
untrustworthy, which is why they keep on advocating for
the gold standard.
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Wade Hampton III
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Re: The Price of Gold: Does It Matter?

Post by Wade Hampton III » Thu Mar 26, 2020 1:26 pm

Real gold vs paper gold. Today, Yahoo reports, "...Almost
nobody on Wall Street has noticed the full price surge for actual
gold bars and coins. That’s because financial traders mostly just
deal in paper 'contracts' for gold. Those are basically gold IOUs
—a mere promise to deliver gold if the buyer ever wants. Meanwhile,
over at the U.S. Mint, customer service reports they have Eagles
available but to buy them direct will cost you $2,175. The media
relations team could not immediately be reached (no surprise there)."
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Wade Hampton III
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Re: The Price of Gold: Does It Matter?

Post by Wade Hampton III » Fri Mar 27, 2020 2:35 pm

Gold & Silver Becoming Unobtainable!
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Jim Mathias
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Re: The Price of Gold: Does It Matter?

Post by Jim Mathias » Fri Mar 27, 2020 11:58 pm

Wade Hampton III wrote:
Fri Mar 27, 2020 2:35 pm
Gold & Silver Becoming Unobtainable!
67849

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The panic regarding US paper assets is in full swing. One article on this topic at zerohedge put a picture near it's headline of a severely hyperinflated Zimbabwe note indicating this sort of thing is likely to happen in the near future.

But if so, wouldn't seeds, canning supplies, and water handling equipment be a better way to park dollars?
Contact me via PM to obtain quantities of the "Send Them Back" stickers. Also available are the "NA Health Warning #1" stickers, and any fliers listed in the Alliance website's flier webpage.

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Wade Hampton III
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Re: The Price of Gold: Does It Matter?

Post by Wade Hampton III » Sun Mar 29, 2020 11:58 pm

Jim Mathias wrote:
Fri Mar 27, 2020 11:58 pm
The panic regarding US paper assets is in full swing.

AG Thorson is a registered CMT and expert in technical analysis. He
believes we are in the final stages of a global debt super-cycle. He
has posted on March 23, 2020 the following:

The paradigm shift I spoke about last year is unfolding before our eyes.
Precious metals are likely to emerge from the global COVID-19 crisis as
the premier asset for investors. Every decade has a distinct investment
theme. One asset class rises to the top and outperforms everything else.
After an 11-year bull market in stocks, the next asset shift has likely
begun. Loose monetary policy and negative-bound interest rates suggest
2020 - 2030 will be a decade that heavily favors tangible, hard assets
like gold and precious metals.

The crashing stock market and global pandemic triggered sudden and likely
irreversible demand for precious metals. Last year, I mentioned how record
low gold eagle coin production probably signaled a turning point in demand.
That appears accurate, as bullion products fly off the shelves. In the US,
the primary coin dealers sold out of American Eagle coins (gold, silver,
platinum) last week. Premiums have skyrocketed. There’s no putting the
genie back in the bottle - an unprecedented shift to precious metals has
started, led by the frustrated and terrified (Judaized) public.

Note: Demand for silver and platinum is spiking as prices reach fresh lows.
The current deflationary forces could keep costs suppressed temporarily,
but their trends should turn higher and follow gold as investor demand grows.
If gold comes back to test the $1350 - $1400 breakout area, that could be
the last great buying opportunity of this decade. By the end of this decade,
we expect gold to reach $7,500 - $10,000. A $7,500 - $10,000 price target
for gold sounds absurd, I know. Before you dismiss it, let’s think about
the potential triggers that could yield such lofty prices.

Loss in Confidence - A total collapse in confidence in governments and their
ability to manage. Very possible.

Widespread Money Printing - Governments may resort to debt monetization and
currency depreciation to inflate away record debt levels. Already occurring.

Speculation- A surging uptrend and new all-time highs in precious metals
leads to the fear of missing out and sparks a speculative bubble. Likely,
but probably years down the road.

Wade tosses in the following:

A biological contagion is sweeping the world. But a financial contagion is
sweeping through the big banks and insurance companies that has the Fed
panicking. It all comes down to (the "D" word) derivatives. All the major
banks and the big insurance companies are interconnected through derivatives.
And weakness in one bank could spill over into the others. Right now we’re
seeing that.

Jews have their plates full of worries since the last thing the Goys have
on their minds is the 'holocaust!' How are they going to watch The History
Channel with no beer in the fridge and no electrical power for the Jew-Tube?
This is really getting serious, folks!

Today the big banks are bigger than ever and the amount of debt in the system
is larger than ever. There’s been no substantial reform since the financial
crisis, just some cosmetic moves that have been passed off as major reform.
So today we face a dangerous financial conflagration. The risks posed by the
largest institutions still exist, only now they’re even bigger than they
were in 2007–08 because the derivatives market is so much larger.
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Wade Hampton III
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Re: The Price of Gold: Does It Matter?

Post by Wade Hampton III » Mon Mar 30, 2020 1:22 pm

Epic shortage spooks doomsday preppers and bankers alike; ‘Unaffordium and unobtanium.’ It’s an honest-to-God doomsday scenario and the ultimate doomsday-prepper market is a mess.

As the coronavirus pandemic takes hold, investors and bankers are encountering severe shortages of gold bars and coins. Dealers are sold out or closed for the duration. Credit Suisse Group AG, which has minted its own bars since 1856, told clients this week not to bother asking. In London, bankers are chartering private jets and trying to finagle military cargo planes to get their bullion to New York exchanges.

It’s getting so bad that Wall Street bankers are asking Canada for help. The Royal Canadian Mint has been swamped with requests to ramp up production of gold bars that could be taken down to New York. The price of gold futures rose about 9% to roughly $1,620 a troy ounce this week and neared a seven-year high. Only on a handful of occasions since 2000 have gold prices risen more in a single week, including immediately after Lehman Brothers filed for bankruptcy in September 2008. “When people think they can’t get something, they want it even more,” says George Gero, 83, who’s been trading gold for more than 50 years, now at RBC Wealth Management in New York. “Look at toilet paper.”

Gold has been prized for thousands of years and today goes into items ranging from jewelry to dental crowns to electronics. For decades, the value of paper money was pinned to gold; tons of it sat in Fort Knox to reassure Americans their dollars were worth something. Today they just have to trust. President Nixon unpegged the dollar from gold in 1971. Gold is popular with survivalists and conspiracy theorists but it is also a sensible addition to investment portfolios because its price tends to be relatively stable. It is especially in-demand during economic crises as a shield against inflation. When the Federal Reserve floods the economy with cash, like it is doing now, dollars can get less valuable. “Gold is the one money that can’t be printed,” said Roy Sebag, CEO of Goldmoney Inc., which has one of the world’s largest private stashes, worth about $2 billion.

The disruptions this week pushed the gold futures price, on the New York exchange, as much as $70 an ounce above the price of physical gold in London. Typically, the two trade within a few dollars of each other. That gulf sparked a high-stakes game of chicken in the New York futures market this week. Sharp-eyed traders started snapping up physical delivery contracts, figuring banks would have trouble finding enough gold to make good and they would be able to squeeze them for cash. That set off a scramble by banks.

Goldmoney’s Mr. Sebag said bankers were offering him $100 or more per ounce over the London price to get their hands on some of his New York gold. What’s more, there is limited new supply. Mines in countries such as Peru and South Africa are shut down because of the coronavirus. Once-busy Swiss refineries that turn raw metal into gold bars closed earlier this week as the country’s coronavirus cases neared 10,000. David Smith owns a wristwatch business in northern England and said Tuesday his bullion dealers weren’t taking any more orders. He has been scouring social media for individuals who might sell to him.

“You can’t really get physical gold and silver anywhere at the moment,” he said.

He began investing personally in metals a few years ago after watching videos from Mike Maloney, creator of the website goldsilver.com. Like other online dealers, the site currently has a notice saying products are back-ordered up to 12 weeks and that there is a $1,000 delivery order minimum. The title of Mr. Maloney’s latest podcast: “Unaffordium and unobtanium.” (The latter has popped up in the plots of science fiction movies).
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Jim Mathias
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Re: The Price of Gold: Does It Matter?

Post by Jim Mathias » Tue Mar 31, 2020 12:54 am

This period of time might be ideal for Chinese counterfeiters to ramp up production of fake gold and silver coins in order to make huge (but fraudulent) killings. Not that everyone else is an angel when it comes to counterfeiting, but they have been well known for doing this in the recent past. Even if I had the paper currency to buy metals, I wouldn't.

However, if you wanted a side business to make a few extra fiat bucks or whatever you wanted in trade, those with some knowledge and equipment to accurately detect counterfeit coins could be a useful trade.
Contact me via PM to obtain quantities of the "Send Them Back" stickers. Also available are the "NA Health Warning #1" stickers, and any fliers listed in the Alliance website's flier webpage.

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Wade Hampton III
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Re: The Price of Gold: Does It Matter?

Post by Wade Hampton III » Tue Mar 31, 2020 10:41 pm

Jim Mathias wrote:
Tue Mar 31, 2020 12:54 am
This period of time might be ideal for Chinese counterfeiters to ramp up production of fake gold and silver coins in order to make huge (but fraudulent) killings. Not that everyone else is an angel when it comes to counterfeiting, but they have been well known for doing this in the recent past. Even if I had the paper currency to buy metals, I wouldn't.

However, if you wanted a side business to make a few extra fiat bucks or whatever you wanted in trade, those with some knowledge and equipment to accurately detect counterfeit coins could be a useful trade.
The Chinese Reds have been known to counterfeit American Double Eagles as far
back as the 80s. They used real gold bullion - 90% gold and 10% copper, which
was the proper alloy for the coin - but of course, the coins had no numismatic
value - once the fraud was discovered. What you had was a bullion coin...and
nothing more. Whatever became of the likes of them, I do not know. Perhaps
they were melted down...who knows?
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