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Stock Ideas Investors Daily Edge Gold Is Money
Stock Ideas Investors Daily Edge Gold Is Money 
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| Even traditional havens such as gold are deemed too risky in this climate.” — Martin Slaney, GFT Global Markets | |
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| Gold Is Money |
| Wednesday, 16 April 2008 | ||||||||
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The US dollar has been the world’s foremost money imposter since 1971. Nixon closed the international ‘gold window’ at that time. Thirty seven years of global paper money has brought us to the present crisis. Is there still a place for gold? Every trick in the book has been used to “demonetize” gold (and silver) over the recent decades. 1. A mountain of derivatives is used to squelch their rising prices (). 2. Central banks across the globe collusively dump their gold to make paper money look like something other than TP (). 3. The elitist insiders behind the COMEX commodity exchange regularly whip the precious metals in their desired direction. (). 4. The US Exchange Stabilization Fund is a slush fund used to manipulate markets including precious metals ). 5. The International Monetary Fund (IMF) is now seeking to unload gold (). 6. Fort Knox is empty (10-3-07, 10-10-07, 10-17-07, 10-24-07, 10-31-07 & 11-7-07). That’s just for starters. Every conceivable shenanigan is regularly thrown at the “monetary metals”. What has been the end result this decade? Here’s a chart of recent gold action from my friends at CRIMEX (NY futures market): That looks like a spectacular failure for the forces aligned against honest money. Gold rose 31% against the dollar in 2007 alone. Here’s a ten year chart of the heavily suppressed silver market: Quite obviously, the monetary metals are thriving in spite of all the obstacles thrown in their path. The tricks appear more and more desperate and humorous as each year passes. Weak hands continue to fall for them but they are largely laughable to those who understand the game.   My wife has long expressed her concern about my participation in a heavily targeted market. I don’t blame her but a guy has to do what a guy has to do.
Interventions against market fundamentals always fail in the long run! I have long believed that statement and that’s what has kept me in this wild and wooly market for some 15 years now. The day to day and month to month raids on the precious metals are nothing but noise for those with a longer term perspective. Commodities are subject to regular spankings. Maybe I got used to those rites of passage as a kid? Gold would be under $250 and silver under $5 if the feds had real and lasting authority over them. You’ll have to trust me on that one. You just know gold and silver are real money or they wouldn’t receive all this official attention (http://www.lewrockwell.com/paul/paul445.html). Silver could have been demonetized pretty easily but the dumb arses decided to include it alongside big sister, gold. They made silver money, once again, by targeting it. This works for me as well as innumerable global citizens. The US represents only five percent of the earth’s population. Our decree of what is and what isn’t money, no longer holds total sway. Monetary metals as well as commodities in general are a world wide phenomenon! Most unfortunately, our greedy and power hungry elitist masters abused the privilege of issuing the world’s reserve currency. The dollar’s reign is ending. Global citizens, institutions and countries are returning to historical forms of money. That’s what you see in the above gold and silver charts. The fiat bubble is popping. Gold is money and it always gets the job done. Invest Resourcefully, Rusty P.S. To let me know what you thought of today's article, send an e-mail to: This e-mail address is being protected from spam bots, you need JavaScript enabled to view it
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