reply to post by GreenBicMan
I appreciate your response Green Bic, and I hope others will read it, and be able to see that trading commodities is dangerous at best, and when it
comes to gold especially, I agree that they should take your advice. No, people will not be able to "make money" that way with gold, it's
And yet, within the trading context, we are in effect speaking of gold, as if were just another commodity. It's NOT just another commodity, and
it's a million years from soy beans!
Why is this? As I've mentioned in other posts, gold ends up the big enigma precisely because there are real "who's" behind it's behavior. And
that's not an easy thing to figure out. If it were as simple as beans...seasons, weather, crops and historical charts that actually work half the
time, well, we wouldn't be talking about it. But it's not primarily "natural" forces at work, or even your fellow traders that you would have to
With gold, you are literally dealing with the biggest financial fraud of all time. At first glance, the connection isn't obvious, but we don't have
to go back that far to get some clues. First, just to be sure no one missed what I was talking about, the world's biggest fraud, of all time, is a
banking cabal that runs the world, and is using the US Dollar as it's primary "tool" for looting the resources of the globe.
For those who do not realize it, our recent history has the whole world accepting US Dollars, which are literally printed out of thin air. Logically
speaking, it would seem preposterous, for a nation such as China for example, to accept "paper", for their manufactured goods, commodities, etc.
But they do (for now). Can we conceive of such a thing going on forever? Neither could "they", but rest assured, they would have given some
thought to an end game. But more on that later.
In order for their massive crime to work, they had to get control over any form of "currency" that could compete with theirs. Enter Bretton Woods.
Just like the previous world war, the time after is ripe for "change". And so the world ceded a good portion of the financial sovereignty to the
USA, by agreeing to use Dollars as the reserve currency (in place of the ancient relic, gold). However, it was too soon after having dispensed with
the gold standard (which the banksters had effectively used in the earlier phase leading up to Bretton Woods). So, the agreement was that the US
would redeem dollars, paying out gold, at the rate of $35/oz.
And then, France attacked the US, with help from the Saudi royals, and other sympathizers. They began dumping their dollars, pulling out as much gold
as they could get away with. It was a race! But Nixon wasn't a complete moron, he closed the gold window, and since then, the world has been stuck
with the system that set up US dollars for (oil mainly), and everything else, and yet, there is no way to trade in those dollars for gold. What to
The 1970's marked severe transition, but the 1980's made up for it. Huge US prosperity, by design, at the expense of the rest of the world. Why?
Because foreigners now needed to spend their dollars on something other than gold. They bought stock. They bought land. Our stock market went up,
and we even got a real estate bubble (the Fed helped make it severe of course).
And gold? It dropped. The world acquiesced, we might say, and agreed to play the game. For a time, they would "participate" in the world's
mega-economy. And the nations each fell into their roles, with China the most notable, as it became a manufacturing powerhouse. And the US? Oh so
nauseating...The USA became a nation of CONSUMERS.
I'm not sure a person needs a degree in economics to appreciate the common-sense aspects of this. Anyway, we, all of us, the whole planet, have been
played. And center-stage, all along has been the US Dollar, and here's the key, with the only other "currency" able to compete with it, being
And so now for a decade, gold has risen. In spite of central banks dumping gold, depressing the prices (so hard to predict these central banks!),
fooling with interest rates, etc., gold rises, slow and steady...why?
We need look no further than the US Dollar! Ever see Glenn Beck's "hockey stick" Google it. It says a lot right there. The quantity of dollars
being issued in just the past decade, is basically more than all dollars ever issued from the beginning of the nation!
Oh, and "inflation"? It is here, but the deflation is so much more powerful...at the moment. No problem. Gold historically does well in
deflationary environments too (shhh, no one is supposed to know that).
You wisely accept that things are complicated in the financial / investment realm. Many, many variables. But the biggest of all has always been what
we usually call "the government". Working with the Fed ("for" the Fed??), what has it been doing lately? Handing TRILLIONS of dollars to a
bankrupt banking system! They cause the problem, yet they get all the benefits? Hmmm.
SO, can anyone call the gold market, in the trader's sense? Not unless they let you in on the Plan. And they're good at sending all the contrary
signals. We can't beat them at a game they've worked for centuries.
And we won't "beat" them, but in a sense, we can help ensure our survival, by "joining" them. THEY own gold. They always have. They are able
to see long-term, we seldom do. We would do well to adopt some of their strengths.
So then, what to DO, concretely? Be the contrarian! Buy gold, even though everyone will say it's "high". Buy silver, even though it's too
"cheap". In short, what we need to do is stop looking at the past few decades for clues, because this has been the period of their aggressive
fraud, and so it is colored predictably. Instead, we need to look further back. What do we find then?
Gold, and silver, has functioned as REAL money, for thousands of years. Yes, the time will come when the US Dollar fraud will collapse. It's OK,
"they" will come out smelling like roses! But we will be screwed, blued, and tattooed...UNLESS, we did what "they" did first, and got physical
gold (and silver counts too!)
No substitute for physical gold / silver. Not the same at all as the traded commodity! Take delivery, or it's all still just paper. Good luck