On the surface the MSM articles appear to be “pro-gold”, but under the surface, there’s an “anti-gold” agenda. Check out this latest example for more…
Providing some much needed back-up for the cartel is this latest anti-gold hit piece out of Bloomberg.
For anybody new to gold and silver, understand that there is heavy propaganda against the precious metals because they are a threat to governments and central banks worldwide.
When needed, the mainstream financial press, either knowingly or not, writes coverage about gold, but it is 99.99% of the time, anti-gold in nature.
There is an unspoken rule to never, ever say anything positive about gold, but if the market action or something with the gold or silver market can’t be ignored, then say the most infinitesimally small thing good about gold or silver and follow it up with pure, unadulterated gold bashing by a minimum exponential value of two.
So that Bloomberg article engages in six steps of gold bashing, may of which would be sweet combo moves in the classic arcade hit Street Fighter.
Here’s how to write an anti-gold hit piece in six easy steps. For us stackers, it’s what to look for so that we know we’re reading an anti-gold hit piece.
Step 1: Misdirection:
We all know the phrase – “All that glitter’s is gold”. Here’s a title that seeks to misdirect the meaning, or perhaps plant a different seed into the mind of somebody who does not know the phrase.
Step 2: Lead down trails that end up in dead-ends (that also use Step 1 to accomplish Step 2):
The metal’s recent rise isn’t about inflation rising or cryptocurrencies falling.
Gold is many things. Here’s just two of them – gold is a hedge against inflation, and gold is a safe haven asset. It stands to reason that if somebody is concerned about inflation, as shown by a decrease in purchasing power, then buying some gold is the smart thing to do. Additionally, if speculative assets and risk assets enter corrections, or in the case of Bitcoin, bear markets, then it stands to reason that investors would seek out a safe haven asset. So it is safe to say that yes, in part gold is rising exactly because of inflation concerns and cryptocurrency risk hedging.
Step 3: Flat out lie:
Gold has been on a tear of late, climbing more than $100 per troy ounce in the last six weeks, briefly exceeding the 2017 high of $1,359 in the process.
Gold’s high of 2017 was not $1359. The high of 2017 was $1362.40, but adding in elements of Step 1 misdirection, this is kind of like apple charging $999 for a phone and claiming it’s less than $1,000. The point is that gold has perfrormed much better than stated, and either this financial writer is ignorant and should do more research before writing, or the writer is lying.
It should be noted that those three steps happen even before the first paragraph of the article. Seriously.
Step 4: Cherry pick data:
We’ll let the chart speak for itself, but notice the emphasis is on gold being weak, not on gold being strong:
Step 5: If you say something good, end it by saying something bad so that the bad sticks:
Gold is not far below the highs of 2016 around $1,400. A clear break through that ceiling might point to a return to the levels seen during 2010-13 as the sovereign debt crisis raged. Absent further signs that inflation is gaining traction, there is little fundamentally to suggest the move would be sustained.
Step 6: Talk up some other asset and add one final explanation that gold investors are just plain wrong:
The weakness of the dollar doesn’t make a whole lot of sense. The U.S. economy is widely predicted to continue to outperform its developed world peers — and the Fed is set to hike several times this year while other central banks stay on hold. The recent strength in gold is largely a dollar-related phenomenon. Their fate is tied.
So there you have it. Six simple steps to help spot the anti-gold propaganda spewed out by the mainstream media.
Yes, there are more than six steps. No there is not strict limit to just how many steps any given propaganda must incorporate.
Here’s the take-away: The more steps any one article uses, the more desperate the cartel must be.
– Half Dollar
About the Author
U.S. Army Iraq War Combat Veteran Paul “Half Dollar” Eberhart has an AS in Information Systems and Security from Western Technical College and a BA in Spanish from The University of North Carolina at Chapel Hill. Paul dived into gold & silver in 2009 as a natural progression from the prepper community. He is self-studied in the field of economics, an active amateur trader, and a Silver Bug at heart.