Gold is not going up: the dollar is going down. People complain after inflation but are goods and services going up or is the dollar going down? The answer is obvious but the reason also is obvious. The government is destroying our culture, economy, security, religion and educational system. This is one facet of their plan but the endgame is the same goal.
So don’t think about gold going up 35.4% in the past year. Think of it as the US dollar depreciating 35.4%.
David DeGerolamo
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And think of the logic of a 28% tax on unrealised gains.
Shows you how desperate they are…
Most people can’t grok the math behind a 1 trillion dollar interest payment.
True! One trillion seconds = ~31,689 YEARS.
a yearly tax
Gold is a storage of wealth. Pre-1964 silver coins: dimes, quarters, 50-cent pieces, and silver dollars are still legal tender and will be useful for barter. As Biden Bucks lose their value, think seriously about investing useless paper in needful things before this corrupt, syphilitic-thinking country goes full Weimar. There are several You Tube videos which offer good advice. Goshen Prepping is one I go to often. Plan accordingly. Bleib ubrig.
Exactly Dweezil. At the current value of silver, the silver in a pre 64 quarter will buy 1+ gallons of gasoline. So on a sound money basis, gas is 20-25 cents per gallon. Just where it was when Nixon took the dollar completely off the gold standard. A few years later it was $1.00 a gallon.
Just wait to see the price if Skamala wins the election.
(The fix is already in, a repeat of 2020.)
EXACTLY!!! The stick you are measuring with is grtting shorter.
I explain it to my kids (and simpler folks) with the candy bar analogy. When they were little and went to the corner store I would give them each 1 dollar.. enough for a candy bar each. Sometimes they would pool their money and buy a big bag of chips. Can you get a candy bar for 1-dollar now? Nope. Did the candy bar change? Nope. Actually, some got smaller!
Now you understand whats changed…
Politicians deflect and call it inflation. Spells, incantations, and word magic, works on dumb people.
And most people just cannot grasp that simple fact. Gold is insurance and not an investment, although lately it has been acting that way. When my wife and I were first married gold was around $40/oz and if we had $20 going into the weekend that was good for dinner, a movie and usually enough gas to fill up. THAT is what they have done to the dollar since Nixon closed the gold window.. .
FDR stole America’s gold, Nixon killed it.
Thank you, Mr. David DeGerolamo! Excellent point and excellent perspective! So very true! The US Dollar purchasing power is being destroyed: No more (favored) World Currency Reserve Value and steering and corralling We The People towards digital-electron currency Complete CONTROL! (This is why Bitcoin was created on Wall Street as A MARKET and Trading Tool: To get We The People familiarized, accepting, utilizing, and creating the demand to use this nefarious idea as money. For The Ruling Class Families and their handsomely rewarded lackey-minions are MARKET MAKERS of all that is opposite of what is: Holy, Sacred, Organic, Natural- found in Nature, pristine, beautiful…….think GMO foods, Fake Meat, Fake Foods, Chemicalizing the foods, the Cancer Industry, Heart Disease, Vaxxine Industry, Pharmaceuticals taken like vegetables on a daily basis, depleted soils so we need Monsanto, every category and subject… the filth….
Valid point for the most part, but it is not a one-to-one relationship, gold and the dollar are not tethered THAT much. Doesn’t negate your point at all though true enough
I am not disagreeing. Consider the price of food and housing and the correlation is close. Gas is down because of the election cycle. Have you considered the price of gold vs. the level of tyranny?
David, truth. This administration and its lackeys in the CON-gress are destroying the “American way.” Gold is a fixed asset, it’s your purchasing power that has been totally eroded. Dropping since 1913.
Gold unstoppable: another day…..
It stops when it gets confiscated, uh… again.
The only real money is what we agree to use as a method of exchange or nothing at all such as barter.
Hedge your gold with lead. This is not 1933 and Americans will not tolerate confiscation of guns or gold.