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Gold – On Sale

June 15, 2021 By Philip Barton

Tuesday

 “There seems to be a correlation between the intensity of the official attacks on Gold and the severity of the monetary crisis.” Hans F. Sennholz

We’re experiencing a wonderful ‘correction’ in the dollar price of Gold as I write this.  If you’ve been sitting on any dollars, now is the time to leap into action and exchange them for Gold.  Unless you believe that the debt crisis has magically resolved itself?

There are some rumours around that it is going to be made harder to own Gold in the future.  Taxes and regulations don’t much affect the spot price of Gold, but can very much affect the dealers’ margin.  Instead of, say, Spot $1,900, meaning an actual price of around $1,930, it will be Spot $1,900 and an actual price closer to $2,100.  The cost per transaction is going to rise significantly.

These will be efforts to discourage people from trying to exit the system.  For the vast majority, it will work and they will lose everything that they have ever worked for.  Governments the world over will sacrifice ‘their’ citizens en masse in order to ensure their own survival and plush living for one extra month.  I know quite a few people who are still fully invested in the system.

Switch your dollars into Gold now.  Never mind the up and down fluctuations in dollar terms.  Your wealth should not be counted in dollars.  Count your wealth in the number of ounces that you can place in your own clammy hand.

* Where I mention Gold, that automatically includes silver.  Only Gold is money, but silver serves as money’s surrogate in the marketplace.  They will both do the job of transferring wealth into the future.

Filed Under: Other News Tagged With: debt crisis, dollar, governments, Hans F. Sennholz, marketplace, Monetary crisis, money, ounces, price of gold, regulations, silver, spot price, taxes, wealth

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