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Meh ….if you don’t think that the big players are able to tilt things whether stocks , bonds or commodities then I got a bridge to sell you
The rules were written by JP Morgan over a century ago, on Jekyll island.
Whores that they are, as the average citizen would be serving prison time.
“I am a most unhappy man. I have unwittingly ruined my country. A great industrial nation is controlled by its system of credit. Our system of credit is concentrated. The growth of the nation, therefore, and all our activities are in the hands of a few men. We have come to be one of the worst ruled, one of the most completely controlled and dominated Governments in the civilized world no longer a Government by free opinion, no longer a Government by conviction and the vote of the majority, but a Government by the opinion and duress of a small group of dominant men.” -Woodrow Wilson
All I know is over the years I made a lot of money with gld …whatever they did worked for me
I was ranting a bit earlier, my apologies.
It may work much better in the near future, last evening I watched an interview with a lawmaker in Missouri.
10 states have new legislation pending, to once again have gold and silver recognized as legal tender.
Reasons cited include, inflation; and upcoming release of digital currency.
They're eliminating retail taxation of physical bullion sales, to encourage citizens to exchange paper currency. I really like this concept, as precious metals are real money; and also stated in article 1 section 10 of our Constitution.
Have a great weekend.
It's a risk even for private owners - Executive Order 6102.
Although there is no federal law that explicitly states that the government can call in your gold, during extreme crises the government has the means to seize it whether it comes in the form of an Executive Order or a law.
How do they find it? I suppose they can get copies of the paperwork to find out who has bought it and then search until they find it? Even if it becomes difficult to/illegal to sell it, there will always be a black market for gold if it is illegal to own it.
Maybe silver instead?
I suspect the noose is tightening. All it needs is for a State of Emergency to be declared for some reason and the government (and even other "essential" organizations) have Draconian powers to seize stuff, lock us up and generally mess up our lives. Things have gone too far and the authoritarian control has got completely out of hand.
Besides copper which commodities will see the largest demand increase once we get into the full EV/Solar phase of going green?
Zinc, Cobalt, Nickel.. any others to look at as a long term play?
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