gold, page-521

Hi Andy,

Well that's all very interesting but I won't bore you to tears with my personal history or wealth philosophy except to say that owning gold isn't part of it.

You're preparing for a banking collapse? Has it happened? 14 years socking away gold for an event so remote that a meteorite collision is more of a possibility.

Ever watched a program called 'Doomsday Preppers'? It'd about an unusual and sometimes extremely weird group of survivalists who indulge in unorthodox hobbies awaiting the final countdown. Needless to say none of these events ever happen, but I suppose it gives them something to do.

They hoard gold, food, silver coins, cultivate earthworms, own 'bugouts' and some live in missile silos awaiting........

Earthquakes
Electrical Grid failure
Hyperinflation
Industrial Food System Collapse
Global Pandemic
Rising Sea levels
Overpopulation
Russian Nuclear Attack
Peak Oil (lol)
Fleeing Refugees
Volcanic Eruptions
A Tsunami
Solar Flares
Dirty Bomb Terrorist Attack
and.....................
Banking Failure

'Manipulation' is the flavour of the day at the moment Andy, it always is when gold declines.

Ritholtz's 2nd and 3rd laws apply.


2. The price of gold cannot fall, it can only be manipulated lower: When gold’s price falls, it is an unnatural act. It can only occur as the result of an international cabal of Central Bankers and politicians. Its a conspiracy, and we know who the guilty parties are.

3. If the price of gold is rising, it is doing so despite enormous and desperate efforts by manipulators to prevent the rise: This is the corollary to the prior Rule of Gold manipulation. Gold runs up despite the overwhelming opposition to it.