There's no Paul Volcker coming to save the financial system. We have reached the "inflate or die" stage of "hyper-financialization". Gold (and silver) are THE monetary measures of inflation. Ignore fedgov "statistics"/lies re increases in cost-of-living. The PM prices now tell us everything we need to know (even though silver is still subject to massive Deep State "paper" manipulation). The Fourth Turning/Long Emergency will inexorably proceed to its ordained conclusion in a massive socio-politico-economic reset. We must try to direct the course of that reset towards personal freedom/free markets rather than totalitarian control/planned economy.
Easy said if you want the real stuff and sit in Europe you have often ridiculously high Vat on top which you can't make any use if you're private. Huge obstacle
Don’t know where you live, I’m from Belgium. If I buy silver in Belgium, I pay 21% vat. But if I keep it allocated in Switserland I don’t have to pay vat. If I sell it (online, via app) the money is on my account 2 days later. Same for gold, platinum… I buy via goud999.com, but I’m sure there’s plenty of others provide the same service…
For those of us who aren't technical/options/day traders, are already buying the miners and would like to stay away from the "physical" ETF's whats the best way to take advantage of gold prices in the market?
There's no Paul Volcker coming to save the financial system. We have reached the "inflate or die" stage of "hyper-financialization". Gold (and silver) are THE monetary measures of inflation. Ignore fedgov "statistics"/lies re increases in cost-of-living. The PM prices now tell us everything we need to know (even though silver is still subject to massive Deep State "paper" manipulation). The Fourth Turning/Long Emergency will inexorably proceed to its ordained conclusion in a massive socio-politico-economic reset. We must try to direct the course of that reset towards personal freedom/free markets rather than totalitarian control/planned economy.
John Pierpont Morgan,
A.K.A. JP Morgan said
“Gold is Money, everything else is credit”
Silver: keep stacking.
Easy said if you want the real stuff and sit in Europe you have often ridiculously high Vat on top which you can't make any use if you're private. Huge obstacle
Don’t know where you live, I’m from Belgium. If I buy silver in Belgium, I pay 21% vat. But if I keep it allocated in Switserland I don’t have to pay vat. If I sell it (online, via app) the money is on my account 2 days later. Same for gold, platinum… I buy via goud999.com, but I’m sure there’s plenty of others provide the same service…
Thanks, aware of that. In Suisse it's 7% otc and only in a exterritorial storage you enjoy the taxfree status. Costs? Not that comforting.
Very well presented..Thank you
John,
For those of us who aren't technical/options/day traders, are already buying the miners and would like to stay away from the "physical" ETF's whats the best way to take advantage of gold prices in the market?
Nice charts (especially the Porsche to gold ratio). Helps put it all in perspective