Kitco - Commentaries - Gold Pressures Re-pricing Of Assets: "When gold wins fiat paper is not even good toilet tissue. It’s too rough and won’t crinkle. There are some very powerful central bankers, fiat money proponents and securities people who all fear gold. Gold will ruin their happy little status quo which is why gold prices have been smothered. The markets these people cannot control are the CURRENCIES. Bonds can be somewhat controlled but not to the extent they can be bent totally to the satisfaction of manipulators. When the consumer caves in economically which is very soon, nobody will take care of you but you. You must take control and go opposite today’s majority which is very difficult. Those status quo believers are the dominating force. When the game caves in and there is a race to liquidity, non-believers will be seriously damaged causing severe life style changes and perhaps even the end of their happy little bucolic existence.
It will not hurt anybody to get out of debt, lower life style expectations and take steps to protect your future. If I am totally wrong what can you lose? If I am right and you stay with the status quo, what does your future look like? Don’t let the enemies of gold run you off. Hold your gold and have strength of purpose. Remember, that first of all the fundamentals mandate gold and history tells us precious metals are the place to win for several more years. –Trader Rog"
No comments:
Post a Comment