KW: I have noticed a renewed strength in the Gold market recently. While there has been no market crash as such maybe the crash is already well underway but not recognised becasue of all the extra cash flooding, indeed overwhelming finacial markets right now, so much so that we don’t recognise whats happening. Gold has been really hammered since it rose to its peak around 18 months ago, manipulated by the action of derivative traders whether the price is up or down. But the latest price just short of US$1,900.00 tells me there is more and more concern about what is real and what is fake. Is this leg up going to take out the last highest price of gold set on August 7 2020 at US$ 2,067.15. Certainly all the gold market Bulls are saying yes it will be much higher as people lose faith in the ability of the current financial manipulators to control wha they have done. This follows the Basel 3 banking decree that means the manpulation of the gold price due to the introduction of the Net Stable Funding Ratio for the bullion banks will close down short plays lining short positions with banks long asset positions. This to be implemented by the end of this year.
‘When you find your servant is your master’ song by The Police.
The only safe asset according to Doug Casey Research. Copied from the last newsleter of Casey Research
Dear Reader,
Did you know the US government has printed more money recently than it has for its nearly 250-year existence?
It’s the biggest monetary explosion that has ever occurred.
It has helped push the price of gold—and ultra-lucrative gold mining stocks—to multi-year highs.
But that’s nothing compared to what is ahead of us.
The coming money printing will be unlike anything we’ve ever seen before…
That’s because governments around the world have thrown out the last semblance of fiscal and monetary sanity.
They are bailing out everyone and everything at the cost of trillions of dollars.
Where are governments getting all this money?
They’re simply creating it out of thin air.
It’s hard to comprehend such enormous numbers.
Here’s some perspective…
One million seconds is about 11 days ago.
One billion seconds ago was 1988.
One trillion seconds ago was 30,000 BC.
A trillion square miles would cover the surface of 5,000 planet Earths.
Suppose you had a job that paid you $1 per second, or $3,600 per hour.
That amounts to $86,400 per day and about $32 million per year.
With that job, it would take you nearly 31,700 years to earn a trillion dollars.
Suppose you earned $50,000 a year, the typical household income in the US. It would take you more than 20 million years to make a trillion dollars.
If you had a trillion one-dollar bills, you could cover the surface area of the state of Delaware twice over.
If you stacked a trillion one-dollar bills on top of each other, it would reach 67,866 miles high, about one-fourth of the distance from Earth to the moon.
If you took that same trillion one-dollar bills and instead stacked them end-to-end, the length would exceed the distance between the Earth and the sun.
The picture below shows a trillion dollars in $100 bills, double stacked on pallets.
On the lower-left side is a barely visible human for scale.
So, that’s how big one trillion is.
When any government starts carelessly spending and printing trillions, it’s a sure sign that you’re entering dangerous territory.
When it’s all said and done… the money printing going on right now could reach into the tens or even hundreds of trillions of dollars.
It’s an unfathomable amount of money.
It will likely unleash the biggest gold mania ever.
In fact, it has already started.
The gold market is moving rapidly, and you don’t want to get left behind.
That’s why you have to decide—basically right now—how you’re going to play your cards.
It’s a once-in-a-lifetime opportunity to make transformational profits, but only for the select few who are properly prepared.