Donald J. Trump @realDonaldTrump 30m
The Stock Market(s) are literally crashing. There was no reason for this, all self inflicted!
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Metals will be where it's at when the price fuckery is finally overcome. There is no way, in a natural market, that silver price goes down when there are shortages and high demand.
The market is crazy longer than we ever hop to contemplate. Especially with interested parties manipulating everything, hiding behind several fronts as a cover for not wanting to show their hand .... or maybe I should say: their machine's hand.
When food prices are high, gold is worthless.
Don't kid yourself. Gold is never worthless.
I've been in war zones where people traded gold bars for bread.
Gold is literally useless when food is expensive. Stockpile food, ammo and liquor.
As long as I can buy sugar, there is ethanol. Rum. And from there to Gin. The Earth is a big distillery. Just geat a small one. Then you always have something to barter.
Just what is gold worth? Who decides its value? Is it priced according to it's useless application as jewelry? Or is it priced according to its use in electronics? I've never understood why gold is so expensive. I think trade and barter for goods and services would be a far better economic model should the shit hit the fan.
Oil will decide the value when Putin only accepts Gold and the Russian Ruble for oil
I agree. I've never understood what makes a metal more valuable than another besides it malleability.
Never in 5000 years has gold been worthless.
Gold is goes in opposite direction of food prices.
How are food prices going?
That may be true during an initial event or even for a short while during a turmoil. But the world is going to continue after the event. No more dollar, euro, yuan, ruble, whatever. Now what? People want to get on with life, start trading and getting society back to normal. Even if it is true gold does the opposite of food, which I am not sure is true, it will be a very short time. What will you use when things are starting to settle and go back to normal but NO ONE trusts fiat/government and we can't trade cows for wheat anymore?
You think gold has no place and will be worthless? Besides anyone who stacks gold/silver likely stacks food among other items.
That 5000 year history of gold never going to 0 exists for a reason...