The mainstream media seems to have an agenda to scare
people away from acquiring gold. Don’t even think about it! If you listen to
what is said on mainstream TeeVee and what is spread across newswires like
the Associated Press (AP), which goes to online/hard copy news organizations
around the world, you hear and read the same things over and over. Gold
is bad, gold coins are being counterfeited, gold doesn’t pay interest, gold
is… fill in the blank. These are scare tactics designed to keep people
out of the gold market and, more specifically, to keep their wealth within
the reach of the banksters and the government. Gold places a barrier between
our wealth and the banking and ruling class. Our wealth becomes a little more
difficult to reach when it is stored in gold and silver.
This is a recent article spread across the AP. The
version we dissect below is from the LATimes
If you thought the “Brexit” vote was
scary, check out the full-page newspaper ad that recently appeared in the New
York Times recounting all the horrors in the present tense, as if they were
still unfolding: The vote “topples” the British government, “crushes” the
pound and “wipes away” billions in stock market wealth.
Then came the purpose behind all the panicky prose.
“Buy Gold Now!”
Let’s recount some of the claims from the ad the article
references.
“The vote topples British government”. Well, if memory serves, the Prime Minister, David Cameron,
resigned within 24 hours of the vote passing. That speaks in volume as to the
stability of the British government or did I miss something?
“crushes the Pound”.
Once again relying on memory the British Pound Stirling fell like a stone on
Friday June 24 in response to BREXIT passing. Once again, a false narrative
being pushed by the Associated Press. Who is scaring who?
“wipes away billions in stock market wealth” – If the stock market reacts to the BREXIT vote in a negative
manner and values fall across the board, does that not qualify as “billions
in stock market wealth”? If it doesn’t, it should. These are all misleading
statements intended to scare people out of gold and keep people from
considering protecting their wealth with gold.
Finally the punch line – “Buy Gold Now”. As the AP refers
to it, “panicky prose“. Well, gold and silver have protected wealth
from exactly these types of events for thousands of years. Gold and silver
serve two basic purposes – insurance against currency crisis. BREXIT
certainly qualifies and gold is a measure of an economy's health. Once again,
BREXIT exposed the unhealthy nature of the British economy and smart people,
who were following the lead of highly intelligent people, began acquiring
gold and silver. A lot of the people transferred their digital digits within
the system from one account to the fraudulent GLD and/or SLV believing they
were actually placing gold and silver in their portfolio. Sadly, they are
being scammed once again.
Next we find the following
The ad was from a company selling
gold coins that is run by Philip Diehl, a coin expert in Austin, Texas.
“Phones have been ringing off the hook,” said Diehl of the reaction to
Brexit. Gold is “a way of protecting wealth. It’s like auto insurance or
house insurance.”
This is 100% correct as I stated above. Insurance against
a currency crisis and wealth protection. So, the AP published a factual
statement that was from someone else.
But before joining the rush, experts
warn, beware that assets marketed as conservative and safe bought in a panic
can sometimes wallop investors.
A quarter of a century ago, money poured into “world income funds” that
bet on seemingly conservative short-term government debt. And after the 2008
financial crisis, index annuities were pitched as a way of betting on stock
indexes with no risk of loss, a big draw after the U.S. market had lost half
its value in a little over a year.
All these seemingly safe products slammed investors with high fees or
kept them from accessing their money or socked them with outright losses.
Now we see the real scare tactics used by this mouthpiece
for the elite/globalist. What the AP is describing sounds like derivatives.
Yet another fraud, cooked up by the banking cabal with the sole purpose of
stealing wealth and transferring wealth away from the retail investor and
onto the books of the banking cabal. These three paragraphs are 100% correct.
This did happen and a lot people had untold billions transferred out of their
accounts and into the globalist accounts during the time of panic selling.
These criminals count on emotional reactions from investors in order to
maximize the fleecing. The more we panic, the more they profit.
Let’s take a closer look at a few of the words used:
slammed investors with high fees or
kept them from accessing their money or socked them with outright losses
Allow those word to sink in for just a moment and
remember where you were told about these “fees”. Was it at the coin dealers
shop where you were acquiring gold or was it the financial institution that
generated, not only massive profits from panic buying/selling, but then
collected fees for the emotional panic selling they created. These financial
instruments serve one purpose – fleecing wealth from retail investors (that’s
you and me).
What about the part that states – kept them from
accessing their money? What about those words? Those words should
terrify even the most brain dead investor. There is a saying around these
parts and it goes like this “If you don’t hold it, you don’t own it.” Nothing
could hold more truth during a situation like BREXIT. If your wealth is
nothing more than digits on a screen, you may want to reconsider that
position. If the bank shuts down, for any reason, and you can not access your
wealth, do you really have any wealth? If you have no cash on hand and
operate your life with plastic and the bank shuts down for any reason, then
what? How do you put gas in the car, food on the table, or bribe a cop to let
you pass through the checkpoint without being searched or turned away?
The real scare tactics are coming from the AP, not the
bullion dealer. The bullion dealer is simply pointing out what we should already
know, but don’t. The AP is twisting the picture to fit a narrative that makes
people believe in lies and deceit. When was the last time the bank made a
mistake in your favor and the error was upheld? When was the last time the
bank made an error in their favor and it was upheld after you presented ALL
the appropriate documentation? We lose either way.
Now we get to the part where the paper scheme comes into
full view:
Diehl thinks it will continue to rise
because of all the turmoil in the world. Investors seem to agree. In the five
trading days after the Brexit vote, $2.7 billion rushed into gold funds,
according to EPFR, a research firm. That is more than 10 times the typical
weekly investment in the last bull market for gold in 2011.
For all the popularity of the funds, gold bulls who are worried about a
sort of financial Armageddon argue you’re only really safe owning the metal
itself, something like what Diehl sells, a coin you can hold in your hand and
use to trade and survive.
Regulators have long warned of shady sales practices in the business of
selling physical metal, though.
Dave Kranzler and I just finished an extensive breakdown
of the GLD and SLV ETF funds – you can listen HERE. These
frauds have zero accounting and zero oversight. Most people do not know or
understand this. JPMorgan Bank was just assigned as a “sub custodian” to HSBC
who is the primary custodian of GLD. It just so happens that JPMorgan is the
primary custodian for the SLV ETF fund. Needless to say, both of these crime
syndicates have been “fined” on numerous occasions for market rigging, drug
money laundering and HSBC has been fined a second time for funding terrorist
organizations. How much do you trust a company that funds terrorists or
launders drug money? You know, the drugs that have wreaked havoc on your
family or yourself. HSBC has been fined for aiding and abiding these drug
dealers to deliver drugs to your neighborhood. So, remind me again - who is
conducting “ shady sales practices“? My guess is that Mr. Diehl has
no criminal record and my guess is also that he does not have a background in
fraud, drug money laundering, and funding terrorist organizations on his
resume’ either.
Believe what you wish and hold on to what makes you sleep
best at night. But when the STHF and your wealth is completely wiped out and
you are left destitute on the side of the road, don’t say you weren’t warned.
These criminals are getting desperate and just like the “panic buying and
panic selling” described above, desperate people do desperate things. Don’t
allow your wealth to be in the way.
[Editor’s Note – All quotes above are from the LATimes
and if you wish to be scared, told what a child you are, and how you must
have help to make any and all decisions you can find the article in whole by clicking here]
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Rory Hall, Editor-in-Chief of The Daily Coin, has
written over 700 articles and produced more than 200 videos about the
precious metals market, economic and monetary policies as well as
geopolitical events since 1987. His articles have been published by
Zerohedge, SHTFPlan, Sprott Money, GoldSilver and Silver Doctors,
SGTReport, just to name a few. Rory has contributed daily to SGTReport
since 2012. He has interviewed experts such as Dr. Paul Craig Roberts, Dr.
Marc Faber, Eric Sprott, Gerald Celente and Peter Schiff, to name but a
few. Visit The Daily Coin website and The Daily Coin
YouTube channels to enjoy original and some of the best economic, precious
metals, geopolitical and preparedness news from around the world.
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