Gold market prices in the western world are not immune to sovereign manipulation of the money supply because we still think of gold as merely another asset to be exchanged for currency.
Posted by Adam King on October 31, 2011
The gold market sets the stage for unprecedented wealth redistribution.
October 31, 2011 – Gold market prices in the western world are not immune to sovereign manipulation of the money supply because we still think of gold as merely another asset to be exchanged for currency. In the east, however, gold is still seen as money. That’s a hugely significant difference.
The Chinese and Indians buy gold because to them it is still the one true measure of wealth. Fiat money is nothing other than a convenience in conducting day-to-day transactions, a temporary substitution for real money. They instinctively understand the folly of hoarding vast sums of cash.
It is a much different story here. The super rich have become quite adept at siphoning currency out of the economy into their private coffers. They have used their dollars to gain ever more control over the source of money, enabling them to take even more. And with the power they have gained they will resist every effort to return to a more rational system.
So it is not all that surprising that they have been able to hold gold market prices in check over the short term. But it cannot go on forever. The disparity between true wealth and the total global money supply is just too great.
The day of reckoning is fast approaching. Those with the least amount of money are already reeling from the effects of its diminishing value. But still they fail to understand the cause.
The rising cry for wealth redistribution is way off base. Nothing is to be gained by shifting huge sums of cash from one account to another. It will still be worthless. There is a far more direct way to secure wealth redistribution and that is through gold investing.
Big money did not get to be big money by being stupid. The super rich are fully aware of the Ponzi scheme they have perpetrated through fiat money. When it is time for the end game they will cash out and retreat to gold while the monetary system collapses.
As things stand today, that would push gold market prices to over $10,000 per ounce. Those who had the wisdom to buy gold when the market was suppressed will reap the benefits of the greatest wealth distribution ever.
Stewart Lawson
Senior Staff Writer – Certified Gold Exchange
Categories:
US Gold Market
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