There was supposed to be a GCR (global currency reset) within a few days, and it was supposed to begin last Friday! The dollar index was going to drop a hundred points, and eventually lose 50% of its value. And redemption centers would open so you could get the new money, etc. That’s not all. There will be Satanists and child sex trafficking, child sacrifices, pedophilia, money laundering, and a whole list of other amazing things as posted on “Before Its News.” I’ve heard this long before now, and like “earth warming,” it’s going to happen, and there’s no time to waste, because we’re all doomed. Wow!
A client forwarded a Jason Hommel column to me from June 23, 2013, telling everyone that, “Clearly the bull market in silver and gold is over, and silver is headed back to $5 per ounce.” In the same column he also said that the bull market is not over, and that, ”Silver will head past $75 to $125 per ounce in the next year or two, as this bull market continues.” Other urges in the same column are, “Now is the time to sell real estate, sell bonds, sell paper money. and buy rare silver. Buy on the dip. While you still can.” (Silver is not rare)
The internet is full of fake news, fake advice, and outright lies. Miss-quotes, and fake everything is current in the Ukraine nonsense. Trump doesn’t need any help from Ukraine or China, or any nation anywhere. As President, he can call any nation he chooses to call and yes, ask for them to investigate anyone. All the fake advice and fake predictions about everything, be it future prices, future elections, or future anything, is fraud. NO ONE KNOWS WHAT WILL HAPPEN TEN MINUTES FROM NOW, including me.
If I knew a week ago, that gold would tumble from $1515 to $1475 almost instantly, I would have sold everything I have, and bought it back $40 cheaper. Or if I had known a year and a half ago that gold would go from $1150 to over $1500, don’t you think I would have bought all I could afford and sell it now, or sell it and buy back all I sold, and have a lot of ounces extra, and at no cost? People actually spend a lot of money on newsletters predicting everything from the return of Jesus to the prices of real estate…in the future of course. If all the soothsayers and predictors of everything are so accurate, why didn’t they predict some criminal shooting and killing from a hotel room in Las Vegas, or a mass shooting at any place in the world, as seems to be so common of late? Why, if they’re so smart, can’t they tell us what number to play on the lottery? OR as Shakespeare said in Hamlet, “We know what we are, but know not what we may be.”
There are certain facts about the economy which are very accurate, not only in 2019, but in all or past recorded history. That is that true money must be valuable and cannot be made valuable by a printing press. Value of anything is determined by what someone will pay for it, its desirability, beauty, cost to acquire, mine, grow, or manufacture, and ability to acquire. Or similar anyway. Governments throughout history, have always spent more than the acquire by taxation, and have always paid their bills with fiat or fake money, and usually made it mandatory by passing ‘legal tender’ laws. Owning true money in the form of gold and silver is not illegal, but a smart thing to do, since as the fake money declines in purchasing power, the true money; gold and silver; will always go up in fake money amounts or purchasing power. Look at the prices of anything, from butter, pickup trucks, or fertilizer, and you will instantly see that all prices in fake money (dollars) have risen and will continue to rise. When I started doing precious metals in 1977, I was selling Krugerrands for $250, and silver similarly. At that time, I bought a three bedroom home in Scottsdale, AZ with a pool and garage, for $39,000. The house is still there, but at about the same increase in price, percentage wise, as have gold and silver increased in dollar price. Need I say more?
Don Stott
don@coloradogold.com