How Gold-As-Money Can Prevent Mob Rule
, Opens her article with how Baird & Co., in their warehouses in London, redeem gold by heating it to molten form to make “medallions, bars, and rings,” which sounds like a lot of bleak, hot, back-breaking, dangerous work to me, as if the word “vocation” was not bad enough by itself with the terrifying adjectives.As you may have guessed, heavy, hot, back-creaking unsafe work is of absolutely no interest to me, or guys like me, including me, who merely want to make a lot of money without working when gold shoots to the moon like it always has in curriculum vitae when some lowlife, corrupt dirtbag government abuses a fiat currency by creating Too Freaking Much (TFM) of it, and which is then obligated to keep on creating Too Freaking Much (TFM) more fiat money by virtue of having created Too Freaking Much (TFM) money in the First Freaking Put (FFP)!
And why is more money hanging around a bad thing? Because it makes consumer prices be equal to, you moron! Where else do you think the extra money was going to go if not into prices?
So, prices increase and rise, always rising and rising, month after month, year after year, faster and faster, always higher and higher, rising along with rising pique in the population, a problem with which the government tries to cope by loss-spending even more money! That the Federal Reserve will again dutifully create! Making it all predictably worse and worse! Gaaahhhh!
Daw: Don't lose your head over gold now
Sometimes a outlander will surprise and dismay you.
For me, it was a middle-aged, Canadian actuary I met waiting for dinner at a convention in Halifax back in mid-2002.
“I’ve put all of my money into gold,” he revealed.
This seemed like a donkey-headed move, exceptionally for someone trained to gauge risk and uncertainty. His only explanation was that the Partnership States was in a lot of trouble.
He was right, of course. But the price of gold had already risen within a year from about $400 Canadian to more than $500, about a 25 per cent development.
What more could he expect? Not much in the next three years it turned out. Yet, just more than eight years later, he is looking far more prescient.
The value of gold has topped $1,330 Canadian. If the actuary has continued to ascendancy bullion since we spoke, his average annual return will have been about 13 per cent.
That’s very edible, although not quite spectacular. Much more impressive was the Royal Precious Metals Support, which returned an average of nearly 23 per cent, according to Bloomberg Dirt.
Meanwhile, the S&P/TSX Composite Index, which now includes gold stocks representing nearing 13 per cent of its entire value, returned 9 per cent if you number dividends.
An index that tracks various Canadian gold stocks returned more than 10 per cent, while the unequalled gold stock, Barrick Gold Corp., returned 8 per cent.
New Zealand HeraldPrior to Far-out War I, the supply of gold increased with the economies of the major European nations so gold basically kept the money contribute in line with GDP Gold steadies at $1000/oz a day after retreatGold is MoneyGold prices dip, display support on to $1000 mark - -all 247 talk articles »
The Market OracleMy bedfellow James Turk has invented an ingenious system which he calls “Goldmoney” and it does burgeon the usefulness of gold in commerce, but by indirect World to America: We Appetite Our Gold BackFour major developments all gold investors should watchGold IRAs: A Convincing Retirement Savings Vehicle? - -all 22 information articles »
Gold SeekThe engaged money-printing machines are more predictable than the still-sputtering economy, making gold a streetwise choice even after a spike to $1000 an ounce. Gold Is Just Messing With Bankers' HeadsIs sometimes being called on gold's bull run?Why bullion is booming againall 12 scandal articles »
