Typical. The MSM just can’t resist an “attack one, attack three for free” deal. Here’s the latest bashing on gold, John, Egon, and “conspiracy theories”…
I’m feeling kind of festive.
In the mood for a holiday.
So I’m just chillin’, scopin’ the net for fun, and checkin’ out the headlines today.
But what do I see?
No, not cousin Eddy emptying his shitter into the storm sewer.
I see an anti-gold hit piece – a four-for-one on top of that!
This article comes from the Land Down Under, so grab your favorite brand of vegemite and smear it on, uh, wait, what do Australians smear vegemite on anyway?
Only speaks to my ignorance.
Let’s just dive right in to this four-pronged attack.
I’ve pulled out some of the choicest parts of the article. It really is epic (bold added for emphasis):
Is Australia’s gold really being secretly melted down and sold to the Chinese?
If you’re into conspiracy theories, talk of impending global economic collapse and have a deep distrust of central banks, you may have come across this one [reporter is referring to John Adams].
Let me stop right there for one second and just point out that when this mainstream reporter isn’t busy bashing gold, he’s writing about porn, prostitutes, and economic collapse himself.
See for yourself:
I don’t point out his prior articles to attack his character, but rather, to show how the writer will simply write anything that butters his bread. I mean, you won’t catch ‘Ol Half Dollar writing praise of the Fed.
Sorry. I don’t eat spoiled butter. I mean, who wouldn’t have “a deep distrust of central banks”? For example, the Fed’s stated goal is to kill the dollar at a rate of 2% per year.
Central banks are truly evil institutions.
But to each his own.
Back on track.
Here’s more from the hit piece:
The crux of the conspiracy theory, promoted by the likes of Swiss gold trader Egon von Greyerz, is that China, India and other eastern countries are accumulating more gold than can be explained by mining production.
Well, yeah, the Chinese and the Indians are accumulating more than can be explained by mining production. The numbers don’t jibe, so it is up to us to figure out the math and get to the “crux” of, not the “conspiracy theory”, but the crux of what is really going on. This is simply a classical “character attack”. There is no better way to snipe an honest person asking tough and uncomfortable questions than to label him a “conspiracy theorist”, and to point to other “conspiracy theorist” cohorts who are also in on the “promoting”.
He believes much of it is actually western central banks “covertly disposing” of their gold, or otherwise leasing it to China and India through bullion banks which then “issue an IOU only backed by paper since the physical will never return from Asia”.
Let’s see here.
People are charged and plead guilty to manipulating the precious metals futures markets all the time. Furthermore, shady companies get charged and plead guilty verdicts for scamming investors out of their money all the while promising gold that isn’t really there. Yet we are to assume that governments are immune from illegal acts or corruption?
“Since 2008 just China and India have accumulated 26,000 tonnes of gold,” Mr von Greyerz wrote recently. “That is a remarkable figure and virtually the total mine production for that period.”
Again, that gold is coming from somewhere.
But wait. It gets better, and when I say better, I mean absurd.
Here’s something absurd relating to Australia’s “audit” of its gold:
Mr Eliseo said the assertion that the BoE could manufacture bars with fake serial numbers was wrong. “That’s practically impossible,” he said. “The way refiners work, bars are numbered sequentially. You can’t just go to a refiner and say, central bank A is missing a bar with this serial number.”
Sarcasm on –
Geez, what an idiot I am for thinking the Bank of England couldn’t simply stamp specific serial numbers onto gold bars. They can’t do that. There’s no possible way. What was I thinking?
– Sarcasm off
Let’s skip down to the last paragraph.
The last sentence of the entire article, actually, because that is what the mainstream media wants to burn into the collective sheeple psyche:
We go through good and bad times, gold stores wealth through every cycle. It’s an investment in prosperity, rather than this armageddon, end of the world, buy gold and tinned food kind of thing.
Um, gold (and silver) is way more than an “investment in prosperity”.
Here’s a story of starving Venezuelans looking for scrap gold and silver in contaminated and polluted rivers. I’m pretty sure they’re not looking for an “investment in their prosperity”. To them, gold and silver actually represent a literal matter of life or death.
It’s about survival.
And who can forget the “gold for bread” during Zimbabwe’s hyperinflation:
If you have never seen that video, please take the time to do so.
Now sure. I agree: Buying gold is in fact an investment in prosperity.
But to simply call gold that, is, quite frankly, advice that could get you killed, especially seeing what people go through in the link or the video above.
Gold and silver are so much more than an investment in prosperity.
Gold and silver, among other things, and in no particular order:
- Are hedges against uncertainty
- Are hedges against inflation and hyperinflation
- Are the ultimate tools for barter
- Are items that can be literally used for a bribe to save life, limb or property
- Are, in the US, the only Constitutionally recognized money
- Can be bought and sold anywhere in the world, at any time of the day or the night
- Can, unlike land, be taken in a bug-out situation
- Can be hidden safely and securely until needed
While I won’t go down my list of what I am Thankful for on this Thanksgiving, I will say one thing I’m Thankful for –
Having the knowledge to stack the shiny phyzz.
It may be, that in the end, it’s not for me, but at least it will be for my family.
So we might as well add one more thing to that list:
- Gold and silver are the ultimate peace of mind.
Or is it piece of mind?
I’m not smart enough to be eloquent.
– 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.