Gold rises when people lose confidence in government.  It has nothing to do with inflation.  So, when you start to worry about government is not going to survive or who’s going to win, that’s when gold rises.  Short term, we still have the risk of it going under $1,000 per ounce.  It’s going to flip when everything is right.  It will probably max out at $5,000 per ounce. . . . You are really talking about a major reset coming…”

The problem of a debt reset is not the wiping-out of creditors, but the destruction of currencies together with it. Without currencies, the economy cannot function with any efficiency.
Wiping out creditors by inflation is the easy part.
Re-establishing money to restart the world economy is the harder one.

big resetMy attitude about buying metals was all wrong back in 2010 when I started. Then, it was an investment, rejoicing all the way up to $50 silver, keeping a detailed spreadsheet of all holdings, sorted by coin, bar or sterling with purity percentages built into the spreadsheet all multiplied against the spot price updated several time per day. I knew to the penny how much fiat I had earned with my investments in metals.
Yes, my thinking was wrong, very wrong. If I simply want to invest and make fiat, why not trade options in the wake of the FEDs bubble pumping? One could have made a bunch of fiat on the POMO days and I hope many of you did.
No, the metals investing has to be understood as long term wealth preservation, placing our treasure in wise foresight of future provision for those we love. For my entire life I have been taught that dollars were money. Nobody in my family really understood the ramifications of the ending of Bretton Woods, even though the 1965 quarters were notably different than those from 1964.  But my parents didn’t teach me (they didn’t and still don’t understand) and deep down my belief in paper has persisted to this day. It is dam* hard to shake. I suppose that is why I don’t carry cash and keep a silver coin on my desk at all times. The retraining of my mind with regard to real money has been difficult and not altogether successful.
I am angry about metals manipulation, fearful of life in an apocalyptic world, exasperated at relatives who won’t read the news and who think I am a conspiracy theorist, and wishing the big reset would get here and be done with it.

By SD Contributor AGXIIK:

America will soon suffer a horrible reset. That’s inevitable.
But the people of this country and their unique nature, with the resolve to roll up their sleeves, deal with the reset, and get back on to a sound hard asset backed currency (even if they have to dig it out of the ground with their bare hands) will reestablish a sound economy, like the one embodied in the best elements of the Constitution and Bill of Rights along with the beliefs and morality that existed before the banksters came to rule the land.  The present day currency cargo cult will come to an end.

I have optimism in that. But until we go cold turkey on a century of debt and take the cure, these things will not happen.  The longer we wait, the worse the reset will be.

big resetRaoul Paul sent shock-waves throughout the financial markets in June in what Tyler Durden called the scariest presentation ever, when Paul predicted a complete systemic collapse of the financial system was merely 6-9 months away.  Is the Big Reset still imminent?

The world has no engine of growth with most of the G20 countries approaching stall speed at the same time.  The western world is about to enter its second recession in an ongoing depression…
For the first time since the 1930’s we are entering a recession- before industrial production, durable goods orders, employment, and private sector GDP have made back their previous highs. ‘

As to the timing of the collapse Paul states:
2012- 2013 will usher in the end.  We have about 6 months left…  Assume that no one and nothing is safe.  After that, we put on our tin helmets and hide until the new system emerges.

As to what the collapse will look like:
A global banking collapse and massive defaults would bring about the biggest economic shock the world has ever seen.  No trade finance, no shipping finance, no finance for farmers, no leasing, no bond market, no nothing…