Professional Documents
Culture Documents
Fiat money does not have any intrinsic value. What value it has depends on
public confidence in the currency's issuer. Legal tender is any currency declared
legal by a government. Many governments issue a fiat currency and then make
it legal tender by setting it as the standard for repaying debt.
Investopedia
US GDP print in living memory, domestic social unrest, and yet the gold price is
still $100 below where it was at the recent peak
Yes. And the stock markets are at all time highs.
How did they ever accomplish this?
From the manipulation of interest rates, enabling precious metals price
suppression and/or the direct buying of equities.
This spawns and perpetuates the religion of financialization as the
fiduciary clergyman of others peoples money (by technically oriented
trading mantra) are continually sacrificed at the altar by the central
banking priests.
All the while pillaging the socio-cultural landscape in the aftermath.
From a chart perspective gold and particularly silver is range bound and
currently going nowhere, with a bias towards the downside. There may indeed
be consequences from massive expansion of the Money Supply, there may be
economic hardship and unemployment, and there may ultimately be a collapse
of confidence in the USD. But there is no indication of any of these things
occurring any time soon, and even less of them having a benign influence on
the price of gold.
This is the same old boring rationalization disguised as an indiscriminate attack
against anyone who advocates allocating some amount of wealth toward a hard
money asset.
From a tea leave perspective where the leaves are placed before you ahead of
time.
Anyone who dares to suggest that prices are managed immediately falls into a
category of price prediction fringe conspiracy commentary.
The old adage that when you point one finger at someone else, you are in
essence pointing four more back at yourself works here.
Isnt it ironic?
A trader who specializes in reading charts, and at the same time backs
presumptions tethered to fundamentals.
Professionals who have figured out a way to make fiat by gaming the broken
system walk around feeling threatened by any and all.