This would have been better received if I had not just lost several thousand dollars in my gold holdings over the past week. I agree that long term, and especially with WWIII on the horizon, gold is a winner. But frankly, the timing of this “rah-rah gold” article is horrible.
Gold has had a bit of a rally this year but it' s been dead money for 10 years. It hasn't done what it "should" have done, or what historically you expect it to have done.
Maybe this is a Bitcoin phenomenon? It seems to hard to believe bits and bytes on a computer can be taken this seriously. After all, it's just electricity.
But it is what it is.
Yeah central banks have been buying gold and BIS gives gold it's imprimatur as a reserve asset.
Well? Has all that made a difference? No. Not really. Not much. Not yet anyway.
Dead money is dead money. It's that bad. That's what has happened vs even a "dumb" stock market index.
Why? I'm not sure, but when I look at my portfolio's long-term gold holding all I see is death.
At any rate, to the financial system gold bugs out there: There were booms & busts under gold standards too. Do you think Gold eliminates human nature? If you think it solves central banking problems, I mean really -- you're head is caught inside a mythic reality just like an ice-age tribe making sense of the animals and the stars above.
Gold is hype. A worldwide industry is engaged talking up it, it only makes headlines when it briefly rises, the media goes quiet when it drops back to it's mean. It is now right back where it was a month ago. It's like works of art, collectors cars and wine - we only hear about the occasional headline sales, not the zillions of people sitting on massive losses in unsaleable 'art'. The same with cars or wine you couldn't tell apart from something at $9.99 in a blind tasting. NASDAQ 5 years up 160%, gold 75%.
Put the power back in the yellow metal and not corrupt technocrats..Seems like sound advice for a failed currency.
I am in awe at how intelligent she is. How likely is this to be implemented?
IMHO...The Transnationals would not like to see a US with sound monetary policies. Which is why it should be implemented.
This would have been better received if I had not just lost several thousand dollars in my gold holdings over the past week. I agree that long term, and especially with WWIII on the horizon, gold is a winner. But frankly, the timing of this “rah-rah gold” article is horrible.
Gold has had a bit of a rally this year but it' s been dead money for 10 years. It hasn't done what it "should" have done, or what historically you expect it to have done.
Maybe this is a Bitcoin phenomenon? It seems to hard to believe bits and bytes on a computer can be taken this seriously. After all, it's just electricity.
But it is what it is.
Yeah central banks have been buying gold and BIS gives gold it's imprimatur as a reserve asset.
Well? Has all that made a difference? No. Not really. Not much. Not yet anyway.
Dead money is dead money. It's that bad. That's what has happened vs even a "dumb" stock market index.
Why? I'm not sure, but when I look at my portfolio's long-term gold holding all I see is death.
At any rate, to the financial system gold bugs out there: There were booms & busts under gold standards too. Do you think Gold eliminates human nature? If you think it solves central banking problems, I mean really -- you're head is caught inside a mythic reality just like an ice-age tribe making sense of the animals and the stars above.
Gold is hype. A worldwide industry is engaged talking up it, it only makes headlines when it briefly rises, the media goes quiet when it drops back to it's mean. It is now right back where it was a month ago. It's like works of art, collectors cars and wine - we only hear about the occasional headline sales, not the zillions of people sitting on massive losses in unsaleable 'art'. The same with cars or wine you couldn't tell apart from something at $9.99 in a blind tasting. NASDAQ 5 years up 160%, gold 75%.
Gold is hype? What isn't hype in our modern USA?
I think you’re at the wrong rally.😉