I have always considered Gold primarily as a form of insurance and then as an investment.
I have a hard time trusting anyone who associates with George Soros but his observations make sense.
Makes me want to grab a pan and “head for them thar hills”.
Maybe they are just hedging their bets.
“Russia and China have been vocal for some time about their desire to increase their gold holdings and move away from the U.S. dollar.”
“This is a history-shattering development, but don’t tell the boys and girls and robo-machines on Wall Street.
Pathetically, they still think it’s game on.
So if there was ever a time to take advantage of the day traders and robo-machines which linger in the casino, now would be the occasion to sell, sell, sell. Once the breakdown starts there will be no respite from the implosion.”
“Daniel Marburger, CEO of European coin dealer CoinInvest, told Bloomberg that he had just finished working with a German customer whose bank account was charged negative interest rates. To prevent this from happening again, the customer converted his cash into gold and silver, which he sees as a more reliable store of value.”
Makes sense to me.
If they can get Americans to go along with this, then the entire planet will follow in short order. If they can control the money, then they can control us.
“When the next financial panic comes, those without tangible wealth will be totally at the mercy of banks and governments who will decide exactly how much of your own money you’re allowed to have each day.
Just ask the citizens of Cyprus, Greece and India who have gone through this experience in recent years.
It will come to the U.S. soon enough.”
This says it all…”An ounce of gold on April 27, 2001 was valued at $264. On April 24, 2017, the price of gold was about $1,277.”