There are nine prevalent myths and false arguments that bankers and their puppet commercial investment firms have used to keep people from buying physical gold and physical silver over the years (remember the paper GLD and the paper SLV is NOT a proxy for physical gold and physical silver and from the information in the prospectuses, very likely nowhere near 100% backed by physical gold and physical silver as they claim).
To counteract this misinformation and counterintelligence that bankers spread so that they may continue to impose their immoral and criminal fiat currency monetary system upon global citizens, I have made two videos that pick apart and disprove the nine most popular pieces of misinformation disseminated by bankers against gold (and silver). In part one below, I discuss myths 1 through 4.
(1) People that Buy Gold and Silver WANT the Economy to Collapse.
This argument is illogical and confuses cause and effect. This is analogous to warning people not to cook and eat raw meat that has been unrefrigerated for days, and when people eat this meat and become deathly ill, blaming the people that warned the others not to eat the meat for the epidemic of salmonella that is happening.
(2) Gold’s Price is Too High
People that make this argument have no idea why they say this. Just because the price of an asset is high does not mean it is expensive. One has to understand the asset’s value before one can make the valid argument that the price is “too high”. People that argue that gold’s price is “too high” routinely pay 2,500 times more than the price of gold for the comparable weight in diamonds yet never believe they are paying too much for diamonds. Yet, the facts are that the banking cartel artificially raises the price of diamonds and artificially suppresses the price of gold and silver on a routine basis.
(3) Gold is Useless During Economic Collapse Because You Can’t Eat It
Perhaps the dumbest argument yet. In every instance when fiat currency has collapsed, and EVERY fiat currency in history has eventually collapsed because it is akin to monopoly money, people that owned physical gold and physical silver were able to use these precious metals to buy food, including most recently in Zimbabwe and during post WWI Germany. People argue that you can’t eat gold and silver, but yet hold fiat currency of which about 98% of it exists ONLY in the form of digital credits that reside on the banking cartels’ computers. Hmmm, I wonder how delicious those imaginary digital credits taste? Furthermore, silver has anti-bacterial properties that keep water and milk pure for months, so whole you may not be able to eat, it, you can store liquids necessary for survival in it that will keep liquids pure for months.
(4) The Gold Standard Will Not Work Because Bankers Own All the Gold
The Bankers own all the fake imaginary gold and silver in the form of the GLD and SLV ETFs and paper futures contracts that are backed by almost no real physical gold and physical silver but just air. But certainly they do not own ALL the real physical gold and physical silver. If this were the case, then the banksters in Turkey would not be begging Turkish citizens to turn over all their REAL physical gold over to their fake banking system to save it. In the video below, I use the analogy of Poker to describe why a Gold Standard DOES work in protecting the citizens’ rights and consequently explain why Banksters hate the Gold Standard, using a real life history example of post WWI Great Britain.
*Post courtesy of JS Kim, the Founder & Chief Investment Strategist of SmartKnowledgeU, a fiercely independent investment research and consulting firm with a focus on Precious Metals that is dedicated to helping people not only fight the immoral global banking cartel, but also to formulating strategies that we can implement together to help us win.
Posted by Adam English - Wednesday, January 16th, 2013
In what has becoming an ongoing series of articles about the growing rift between the German central bank -- the Deutsche Bundesbank -- and the Federal Reserve, it appears the situation has escalated once again. After the Fed denied repeated requests over years to inspect and verify the German-owned gold in the Fed's Vaults, German politicians and officials became increasingly irate.
Blackrock Portfolio Manager Catherine Raw talks about her outlook for the price of gold and her investment strategy. She speaks on Bloomberg Television's "Money Moves." (Source: Bloomberg)
Gold gained for the second time in three days as central banks increased holdings and rising tension in the Middle East boosted demand for the precious metal as an investment haven.
Eric Sprott's analysis shows a "flat supply" and at least a "2,500 ton net increase in gold demand" since 2000. He manages nearly $10 billion at Sprott Asset Management. "Where's all the gold coming from?"
Sprott Asset Management is one of the most respected firms in the investment industry. Billionaire founder Eric Sprott talks about investment strategy and the performance outlook for gold with Erik Schatzker and Scarlet Fu on Bloomberg Television’s ‘Market Makers.’
Obama won the election giving us all even more reason to invest in gold; the gold price has hit a fortnightly high and is still climbing having seen its biggest jump in over seven weeks. Not only is it set for its 12th yearly gain, analysts have now returned to saying they believe gold will end the year on $1,800, but it is up 10% on the year. Silver has also advanced, reaching $32.35 earlier this morning.
Gold inched up on Wednesday but traders remain cautious ahead of the nonfarm payrolls report and the imminent U.S. presidential election.
The devastation of Hurricane Sandy will be a further blow to the already fragile U.S. economy. The destruction of property and vital infrastructure - two of the vital components in the wealth of a nation is negative for the economy.
Gold is back. With global investments delivering little returns, the eyes of many investors have turned to the old favourite. But the new gold rush has come with a big rise in scams and confidence tricks. They now represent a major threat for companies and individuals and many of them take place in Africa.
THE ECONOMIST
Gold remains popular, despite the doubts of economists.
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Readers of the usual perma-bull gold and silver sites most certainly know by now that the perma-bulls have often talked about how China is always at the ready to swoop up as much gold and silver as they can get their hands on.
When considering whether gold is a value investment, one needs to first recognise that gold does not have a balance sheet, management team, price-earnings ratio or any of the other things one needs to analyse before making an investment. Also, gold does not generate any cash flow, so it does not pay a dividend.
Last week was the 41st anniversary of one of the most disastrous days in world history. The 15th of August 1971 was a fatal day for the world economy and is likely to lead to more human misery than any world war.
News that hedge fund titans George Soros and John Paulson have boosted their gold positions has brought a few more precious metal bulls out of hiding.
Juerg Kierner, chief investment officer for Swiss Asia Capital, tells Bloomberg that gold prices may rise above $2,000 an ounce. Silver is also due for a new big move to fresh highs…
Investing in Physical Gold is an ideal way to protect against the debt crisis and declining value of currencies. In this exclusive presentation, Claudio Grass from Global Gold
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