Brilliant analysis and a very timely reminder to seriously question orthodoxy and that gold is money, everything else credit of ever diminishing value.
Excellent summary of a societal disaster that too few can see through. My wife sisters in the UK are both well educated and as stubborn as my wife. However she does not raise the question of CV19 and related issues as both fully believe the government line and believe the lockdowns / masks were necessary to save a million lives. So topic is ignored.
.....and yes, the question back then was "Do you have enough gold?" The question now is will the "powers that be" even allow gold to be an answer? The paper price and the physical price seem to be diverging for gold and silver. I don't think ownership of gold will be outlawed, but I do think the taxes on gold profits may be substantially increased. In the USA gold is taxed as a collectible at ~28%; I expect that to maybe even double if and when gold soars to unheard of heights. Only those that "semi-permanently" hold it until such times as taxes are lowered again may make out.
Silver seems a better bet as its price rise may dwarf that of gold in coming years. Platinum is now being recommended by my Swiss Advisors as they don't envision confiscatory taxes or ownership restrictions on that rare precious metal.
Brilliant analysis and a very timely reminder to seriously question orthodoxy and that gold is money, everything else credit of ever diminishing value.
Excellent summary of a societal disaster that too few can see through. My wife sisters in the UK are both well educated and as stubborn as my wife. However she does not raise the question of CV19 and related issues as both fully believe the government line and believe the lockdowns / masks were necessary to save a million lives. So topic is ignored.
.....and yes, the question back then was "Do you have enough gold?" The question now is will the "powers that be" even allow gold to be an answer? The paper price and the physical price seem to be diverging for gold and silver. I don't think ownership of gold will be outlawed, but I do think the taxes on gold profits may be substantially increased. In the USA gold is taxed as a collectible at ~28%; I expect that to maybe even double if and when gold soars to unheard of heights. Only those that "semi-permanently" hold it until such times as taxes are lowered again may make out.
Silver seems a better bet as its price rise may dwarf that of gold in coming years. Platinum is now being recommended by my Swiss Advisors as they don't envision confiscatory taxes or ownership restrictions on that rare precious metal.