Schlagwort-Archive: precious metals

It does not make sense

to read the comments on price development at least for Gold. I tend to day it does not make sense at all to expect anything of worth from stock “experts”.

Can one talk about a down for gold if it’s moving just 0.5%? Well I think no. And what’s worse, this opinions must make your head spin. Ask yourself has anything changed
the last two days which really can have any big influence of the prices?

Well Greece will get more money, money that we don’t have and if the states want to give it away they just can do on one way. More debts. So again we see some new bonds in any form
and well these bonds may get bought. At least not from me but that’s unimportant. Some banks probably will add some “risk-free” bonds of states to their bad debts of states. We have not heard of a bigger QE or the like and so not much has changed really. And indeed the prices just floats around a bit. That’s it.

And still you can read “cut back” for gold, the other day it’s gold on the raise and the explanations are not even a thing worth laughing. So just ignore it and ask yourself a few question. Do you think money printing does matter? Do you think the debt crisis was solved at least a bit? Do you expect the states doing something or nothing. That are the base questions.

I for my part have answered the questions this way. Money printing does matter it inflates the money base and will lead sooner or later to devaluation of the currencies. So if you want to save your money somehow you probably are not doing much wrong with some precious metals. It was nothing solved also. The debts are still raised and the stupidity of believing one could fill one while digged by debt with other debt is as insane as can be. However what I don’t know will the people consume much less? I’m sure the privates people will I do not expect anything like saving from states. They will raise the taxes for their endless appetite. for money. So will the bankrupt distort the currencies immediately or later? We simply do no know. But we do know Gold will always have some price, it scarce and people know that gold is money. So still some precious metals are a good idea. Now will states stop interventions? No they will not, they will extend the “control” (well as I wrote yesterday or so, this is just the imagination of control, states can not control much theses days) The sheer amount of debts is devastating. So what will happen I can not imagine a sane approach. So I just think the money printing will get on and so I’m back to “the case for gold”.

I’m quite sure they will consider making private gold holdings illegal again. But don’t think this will happen world-wide and still in this case I have at least some “confidence” that the highest courts will rule out the expropriation. That may just be wishful thinking but it’s the only chance we have. So having gold in your own country and abroad is proably one of the better and more intelligent things to do and have. And if you see it that way there is no excuse not having at least some gold. I have take my share of it, and I speculate that I’m right on this. Well I base my confidence on the work of the economists of the austrian school. And I think this is the safest bet you can have. Nobody else has pointed out the maniac behavior of the states and all they told and written has come true. That’s now true for more than 100 years, and as long as man has to do economics, this will not change. Yes agreed they are not explicit pro Gold but they do know Gold has worked as money and there’s not reason that is should not in the future… So do you want money? Take gold or other precious or not so precious metals.

To all the bank critics

Well banks are guilty of many things, but they are not the reason for the debts of states and it’s their right to expect that bonds they bought will get served.

Anyway banks in the current form a nothing more than fud machines. At first banks lend out money they do not own. That’s what happens if they lend out demand deposits that is defraud.
This money is guaranteed to be available for the account owner. If you lend it out not all the owners can get this money at any time. This is a crime

Bonds from states are treated as beeing without risk. So it does not matter if you have dollar and/or bonds from states. This can’t be. No bonds is without risk and the risk especially from government bonds are not neglectible the threat the survival of banks. Anyway it’s would be good risk managment to be careful even with bonds. It seems banks are just starting to realize the problems. But banks do not have the biggest problems with it. That are retirement fonds etc which are “enforced” to invest in “excellent” debt. Now if anyone here things bonds of any state to be an “excellent” risk well then I guess you have not even started readin von MIses.

As you have seen in the EU zone I thin 1. x trillion were offered to banks for 1 % or so in 5 years. Now the banks have taken this and you can see they are fueling the stock markets with it. So the central banks have kept the interest on a level well beyond anything realistic. This means that banks were relieved to find new money. They just were “given” it for free. In fact with 1 % interest and 3 % of inflation the ECB has handed out 0.02 * 1 000 000 000 000 = 20 000 000 000 for nothing. That is the EZB finances the the banks with 20 billions. This is robbery. And it shows the last actions of the current fiat-money system. Banks do participate and again it’s not the customers they are working for it’s for the governments. That sucks.

Anyway this does not change the fact that government have issued bonds banks have bought them and insist on repayment. Anyway what anyone should do is

a) write to your congressman and ask him what he’s going to do for keeping your moneys value

b) do not buy any bonds of any state anytime again. There are and for ever will be alternatives. Buy bonds of corporations. Buy shares, by land, by whatever but do not buy any bonds from states.

c) get rid of your depenceny of banks. Yes I know you can’t really but what you can do is

  • get rid of your debt. If you keep it you will be in the hands of banks and you won’t get a few trillions to help you out
  • move your money outside your country. Yes I know the pastures are not greener elsewhere, but if the break down starts to set in and you are
    bound to one country, then you are bound to the disposal of your deledefs. (don’t count they will think of you while saving their skin)
  • Currently you still can by precious metals without any problems. Don’t count it will stay that way but if some gold is kept in a safe in your country or in another
    does not make a difference for you (it’s yours) but it makes it impossible for the deledefs to get to it if it’s another country. It’s unlikely that all the countries will start
    to expropriate you. So search for countries with extreme high standards for property rights , and open an account there (it will be a bank you can bet ;-(

All the best you can hope for is if you fight against the fiat-money systems. They are though by bureaucrats and politicians for all to good reasons. It’s the first time that you do not even have to degrade the coins. No you just add a few zeroes at the end. It’s the perfect system of exploitation. Just see that Utah as agreed to reintroduce gold-$. Insist on them everywhere.

Intermediate status

Of Inflation up to 3.1 % in the US and 2.4% in EURo land

Does not need much more to get over 4%. If that is reached you money will half it’s value in just 18 years. And still the Fed is printing money as mad. So maybe 5% is not that far away.

And again “this time isn’t different”. The deledefs are making debts as much as they can. And the only question is not IF debt must be just. How much do I have to pay for the debts.
And the stealing goes on. They get the money first and profit from non risen prices and then people realize that they got poorer day-by-day. They’ll try to get higher wages and the spiral steepens.

I’ve my opinion of what to do against this gangsters. I suggest you check raw materials, precious metals and land. Maybe the prices are coming down and you can make a deal. But be aware.
If you will have something after this ponzi scheme tumbles down. You will have to pay for the new start. So you do not just pay one buy twice, thrice….