Another way of stating that is even if you had $999,999 2013 dollars versus only $20,000 1913 dollars, you would still be poorer today than you were in 1913, an astounding fact.
Now imagine you had converted your $20,000 into gold in 1913. In 1913, gold was priced at $18.92 an ounce. Therefore $20,000 would have bought 1,057 ounces of gold. Instead of holding $20,000 in the bank since 1913, had you converted this COUNTERFEIT money in the form of US dollars into the REAL money of gold and simply held 1,057 ounces of gold in a vault (granted one outside of the US) since 1913, your 1,057 ounces of vaulted gold would now be worth 1,057 ounces * 1,580 an ounce = $1,670,060 2013 dollars. And when gold reaches $5,000 an ounce, these 1,057 ounces will increase from $1,670,060 2013 dollars to $5,285,000 future-year dollars. I’ve actually told a class full of 10-year old children that hadn’t yet been exposed to the re-education process this very example and asked them what would they want today given the following choice: $20,000 of USD or $20,000 of gold? 100% of them answered $20,000 of gold because this example makes the decision so clear and so simple.
http://www.zerohedge.com/contributed/2013-03-07/governments-worldwide-are-implementing-orwellian-gold-confiscation-today-yo-0
Infographics on the distribution of wealth in America, highlighting both the inequality and the difference between our perception of inequality and the actual numbers. The reality is often not what we think it is.
I imagine this wealth distribution pattern to be just as obscene in many EU nations as well. In addition, I believe that the top 1% of the wealthiest in America currently also own the lion’s share of all physical gold and physical silver in the United States. Because this top 1% benefits the most from rigged financial markets and truly understand the rigging games as opposed to the masses, they are the most likely to have been converting their COUNTERFEIT fiat paper money into REAL money like physical gold and physical silver. Now I want to make it crystal clear that my intent is not to demonize the top 1% of the wealthiest people in any country as surely there are some entrepreneurs among this group that earned their wealth honestly. However, those that earned their immense wealth through immorally rigging markets, like the LIBOR market, the gold and silver market, and so forth, are the ones for whom I have much disdain.
http://www.zerohedge.com/contributed/2013-03-07/governments-worldwide-are-implementing-orwellian-gold-confiscation-today-yo-0
In reflecting on this two-year smash of precious metals, and in particular, mining shares, let’s take a look at some currency history of the last decade to provide us with some much needed mental capital.
With the help of Nick Laird over at Sharelynx.com, I was able to track down a few charts documenting the staggering percentage growth increases of gold and silver when compared to the world’s major currencies. What I found was shocking:
Despite recent setbacks, gold and silver have been the strongest currencies on the planet for the last 13 years.
Charts at link:
http://bullmarketthinking.com/key-charts-the-two-strongest-forms-of-money-on-the-planet-over-the-last-13-years/
Central banks are among the shrewd investors who buy gold bullion on dips. When gold was weak during May to July of 2012, central banks actively bought nearly 71 tonnes.
http://www.silverdoctors.com/russia-korea-and-central-banks-accumulate-gold-on-dip-below-1600oz/
One clear symbol of our new Gilded Age is that of the peaking DOW while food stamp usage is at a peak as well.
Fed spending far outstripping revenues, balance of trade, and business inventories decline.
from MyBudget360.com:
http://www.mybudget360.com/the-sequestered-gilded-age-top-20-percent-of-households-control-over-90-percent-of-all-stocks/
No Dhimmi
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