Today’s private-sector ADP Payrolls Report said 215,000 jobs were added in the US last month, against consensus forecasts of 173,000. Rising ahead of that number, used by some as an advance guide to Friday’s official US non-farm payrolls figures, gold had then fallen $5 per ounce before jumping 0.9% in volatile trade. Gold “[had] hit a fresh 5-month low in every session this week,” says the Reuters newswire.
PositiveMoney, dedicated to expose the destructive power of the current monetary system, explains how the inequality gap has increased continuously over the last thirty years. According to a recent research from one of their contributors, it appears that several factors contribute to the growth of inequality, but at the heart is the operation of the banking system. To resolve inequality, it is mandatory to change the way money is created.
David Morgan thinks there will be no global currency reorganization like Bretton-Woods II before the problem manifests at a level that is a crisis. “My take is that governments are not proactive but reactive. My take, based on history, is that after there is a major crisis, there will be a sort of Bretton-Woods agreement. At that time it could be too late though. There could be so much disruption on a global basis that it might be very hard to get things in order.”
You are about to learn one of the biggest secrets in the history of the world…it’s a secret that has huge effects for everyone who lives on this planet. Most people can feel deep down that something isn’t quite right with the world economy, but few know what it is. Gone are the days where a family can survive on just one paycheck…every day it seems that things are more and more out of control, yet only one in a million understand why.
The current monetary system, with the US Dollar as the Reserve currency is fatally wounded but what is there realistically to replace it at this point? Answer – nothing! From the standpoint of gold, this helps explain why the metal keeps sinking lower. With the US Dollar not falling apart, the urgency to own the metal is subsiding among Western-based investors.
On a daily basis financial assets and commodities are measurable with the same yardstick which is say US dollars. This measurability in dollars in both cases is misleading and obscures the fact that they are indeed totally different. Their relationship to time is what sets them apart. The idea of duration and the difference between a present good and a financial asset are the most important concepts to understand for people wondering what Gold allocations are all about.
First, what are the risks associated with the increasing debt burden? Second, are the governments helping us [ordinary people] in providing protection? In other words, should we act before it is too late or believe that someone will take care of us? Third, how could this debt story end up?
In this interview with Claudio Grass, our friends at SGTReport talk through several fundamental points related to free markets (Austrian economics), the concept of money and the precious metals markets. Claudio Grass is the Managing Director of Global Gold, a bullion company specialized in storage of physical precious metals outside the banking system in safe jurisdictions like Switzerland. We have chosen four underexposed insights related to gold.
The following paragraphs, quotes and charts paint a picture of a country desperately trying to save its economy and currency. The victims of this situation are of course the citizens. In their attempt to run to gold, they are stopped by their own government. How ironic is this situation when looking as an outsider. Did you ask yourself: am I prepared if this situation hits my country? In this global currency war, that just started two years ago and is expected to last till at least 2020, every country will be hit sooner or later. Are you prepared?
One of the hidden secrets of money is that each empire goes through 7 stages. It is a long term cycle that resembles a societal pendulum. It swings from quality money to quantity currency and back again to quality money. And here is the key: “It always ends with gold delivering a knockout blow to debased currencies.” A must-watch video.
While currencies are all relative to each another, strategic currency investing can generate positive real returns over time. While the Fed and the Bank of England have been cranking the proverbial printing presses, the European Central Bank has been mopping up liquidity. And the Japanese may be just getting started with their balance sheet expansion.
Unsustainable trends can survive much longer than most people anticipate, but they do end when their “time is up” – at the culmination of their time cycles. Examples of these trends include deficit spending, exponential debt increases, overpriced bond markets, and unbacked paper currencies, to name a few. In an effort to bring clarity in how and when these trends could change direction we analyzed more than 20 different cycles. They almost unanimously point to tectonic shifts in the months and years ahead … starting now. At this point, we have enough confirmation to accept that the gold and silver crash – starting in April of 2013 – was the first shot across the board of what is to come.
Tthe Federal reserve bank in NY has been trusted enough to guard almost one quarter of the world’s entire gold supply. 80 feet below street level is the largest underground gold vault. The Fed’s discretion and intense security are so trusted that few depositors have ever asked if their gold is still here. If one of these bars got out of the vault and someone melted it down, there is no way to identify where the gold was coming from. It is the perfect recyclable money.
Buy, sell, hold, or pass altogether? This is the dilemma we face as investors, particularly if we subscribe to one or more investment newsletters. If a company was recommended in a previous issue, are we too late? Did the price escalate rapidly, or is it still a good choice? I subscribe to many newsletters myself, so it’s an issue I deal with often.
The Cypriot case is all over the place, in all types of media. However, it is amazing how the following simple facts remain underexposed. For those who are willing to see, here is what Cyprus is teaching the whole world about money, the debt crisis and gold.