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Bitcoin, in my opinion is a great optional currency. I'd like to see it it used in many places, alongside precious metals. But, the banking elite fear this scenario greatly and will do everything they can to stop it from occuring.
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Whatever side you take on this, its going to get messy, and messy fast.
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Isn't it still worth its weight though, even scrap it would be a good price.
What was the cost of the gold bar, in it's former shape?
It would be worth slightly less, as their is a value in its final smelted form. Also, you would have to get it assayed again. What is hilarious, is the fact that this is still gold and still the exact same amount of gold. The people freaking out in the comment section, don't understand the true value of precious metals and its ability to retain that value, despite its shape or form. |
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I have to agree. So many naysayers and the man isn't in office yet. Lets wait and see what happens.
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If you hold the keys-to-the-kingdom and someone comes along and request that you share those keys what are the odds you are going to honor such a request? Let's say you posses the power, financially and militarily, to bully whoever you would like, along with the keys-to-the-kingdom.
Why would you even entertain the idea of sharing? If you already hold all the power why would you even entertain any such idea? Odds are, not going to happen.Click here to watch this video:
http://jimrickards.blogspot.ca/2016/12/monetary-tricks-no-longer-work-jim.html
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In a recent interview with CNBC's "Futures Now," the Euro Pacific Capital chief said that while the markets have rallied since Trump's election victory, the very same economic issues that got him elected will be the exact same one's he'll find himself unable to solve.
As Schiff sees it, Trump pleased voters with his promise to cut taxes and increase spending in some key areas. However, his proposed policies will hurt the economy rather than make room for improvement.
"He doesn't want to tackle, for political reasons, the real problems that are underlying the economy," Schiff told CNBC.
Namely, the fund manager predicted that Trump's economic policies will exacerbate already-existing trade and fiscal deficits, and bring about inflation that the Fed will likely be pressured to solve. This may even involve going against the idea of a rate hike, which many had pegged at a more than 90 percent chance of occurring in December.
One of Trump's signature plans involves massive public spending on roads, bridges and other U.S. infrastructure. Meanwhile, economists nearly unanimously expect a tax cut that could rival the ones signed by former president George W. Bush.
"We're going to have to do even more quantitative easing (QE)," said Schiff, explaining that the central bank will have to return to its most potent weapon: Super-easy liquidity to pump-prime the economy.
"The Fed is going to have to reverse and cut interest rates, and it's not going to create economic growth, but it is going to put pressure on inflation that is already now above what the Fed supposedly says is its supposed target," he added.
In other words, Schiff believes that even if a December rate hike does happen, it's already "too little, too late" for the economy.
According to him, the Fed will still be faced with the question of how to finance the deficits that Schiff says will emerge, especially in light of the global bond rout that took place after the election.
The combination of outcomes from Trump's policies leads him to believe that a market "crisis" is on the way, and the crash could be even bigger than the one in 2008.
Stocks continued their post-election rally, with the Dow and small-cap stocks setting new record highs last week.Click here to watch this video:
http://schiffblog.blogspot.ca/2016/12/how-donald-trumps-economic-plans-will.html |
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A Youtuber decided to see what happens when a 1 kilo gold bar is crushed with a hydraulic press.
What followed was priceless…
It appears that we have underestimated just how ignorant the general public remains about the intrinsic value of gold. Some of the best reactions include:
This is illegal…you can’t destroy money.
This physically pained me. $40,000…
$40,000. I would rather give it to charity…
He is wasting GOLD!!!!
Who the f*** wastes a $40 grand block of gold like this?! Why waste money?!Click here to watch this video:
http://goldsilvernews.blogspot.ca/2016/12/youtuber-crushes-1-kilo-gold-bar-worth.html
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This week, seasoned financier, risk manager and author Jim Rickards returns to the program to share the predictions from his new book The Road To Ruin: The Global Elite's Secret Plan For The Next Financial Crisis.
Rickards warns of a coming confidence boundary in central bank omnipotence. Once breached, trust and belief in the central banking cartel quickly vaporizes. Rickards predicts that boundary will be crossed by 2018 or sooner; and when it is, the entire financial system will go into lockdown, freezing access to our money.Click here to watch this video:
http://jimrickards.blogspot.ca/2016/12/theyre-going-to-lock-down-system.html
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In his latest book, Jim Rickards warns that the coming financial crisis will be unlike the 1998 and 2008 crises. There will be no massive money printing to pave over the crumbling system. Rickards joins us to discuss what to expect...and how to prepare.Click here to watch this video:
http://jimrickards.blogspot.ca/2016/11/jim-rickards-road-to-ruin.html
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Bill Murphy from the Gold Anti-Trust Action Committee joins Silver Doctors to expose “the biggest intervention in all the financial markets in U.S. history.”
Before the election, the financial sector was sending the signal Trump would be a disaster for the economy. But Trump has won, and the market commentary has reversed. Now the financial sector thinks Trump will be a boost for the economy. The stock market is trading at all-time highs while the gold price is falling. What is going on?
Murphy says the Powers that Be are manipulating people’s perceptions in order to avoid a chain reaction in the markets, and it’s working… at least for now.Click here to watch this video:
http://www.goldsilverliberty.com/2016/11/market-rigging-mind-control-bill-murphy.html
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I think many are going to be completely blown away by how many of the policies Trump holds true to. The Wall undoubtedly IS going to be built, and honestly, why not, it will be one of the greatest infrastructure projects of our time, that will benefit for generations to come. A nation without borders, is scarcely a nation at all.
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One of the fun things about reading the Guardian at the moment is the sheer fury of the bubblehead neoliberal arsehole writers who can't believe there's a real world out there that doesn't want to sent to hell in a handcart or patronised any more.
Almost every single comment below said articles is ripping the piss out of them.
The ALT-Left is living in a very delusional world. It is hilarious to watch these "journalist" melt down now that their hoaxing news has been exposed for all to see. |
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On Donald Trump’s victory over Hillary Clinton, Morgan said, “It doesn’t really matter [which] candidate gets the presidency in the United States. The economic and financial conditions are entrenched so deep, and so far, and so wide that we have a precious metals bull market. That doesn’t mean there won’t be some short-term iterations, as we already experienced.”
Indeed, gold surged nearly 5 percent on the night of the US elections, and had its biggest single-day gain since June. Mere hours after – when Trump took to the stage for his victory speech – the price of gold plunged to $1,302.42.
“We had a huge percentage increase in gold that was basically washed away within a matter of hours. So that is a precursor, I think, to going back to the fundamentals. And the fundamentals are, there is a systemic problem, worldwide, based on a lie that you can print wealth. It’s been experienced through all the market places.” says Morgan. He adds that “To preserve your financial health, you will need the precious metals at some point in your life.”
Morgan’s outlook for 2017 is positive. However, When asked about the steady increase in gold and silver prices, he said “I am more favourable to a longer consolidation period but 2017 will definitely see a lift throughout the year.”
He is cautiously optimistic; when asked about the continued rise in the price of precious metals, here’s what had to say “I was asked recently if I thought that the peak of the precious metals would be on the four-year presidency of Trump, and I said no.”
However, he does see a higher price for precious metals in 2017 as compared to 2016.
Morgan suggests that investors should diversify if they are leaning towards the precious metals, and says “and then that portion of your portfolio, which I then recommend 10 maybe 20 percent if you are a full-fledged gold or silver bull.”Click here to watch this video:
http://davidmorganblog.blogspot.ca/2016/11/gold-and-silver-under-trump-presidency.html |
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Jim Rickards expects the currency wars to continue for at least another ten years. UNLESS the fiat system collapses underneath its own weight before that time. He sees gold as one of the only safe havens in this eventual collapse. The gold is moving into hands that won't be letting go anytime soon and the market is becoming increasingly less liquid.Click here to watch this video:
http://jimrickards.blogspot.ca/2016/11/jim-rickards-is-now-right-time-to.html
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Completely agree, the slow shift of power that is occurring as we speak, from West to East, is only going to continue on.
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All the momentum is currently on Donald Trump's side. According to the polls, Trump has made up nearly 10-15% in about a week, and went from being down somewhere between 8-12% in all national polls to being either tied or up 1-5% in them. There are still six more days until election day and Trump will still have to turn at least one blue state (such as Pennsylvania) to get to 270 electoral votes and win the Presidency, but it is not impossible.
I think it's entirely possible. The momentum is massive at the moment for him. The silent voters out there, can't be dismissed either. This is one crazy election to say the least. |
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