World Gold Market

calripson wrote:99.99% of the world's population have no idea how the world really operates - buying into false paradigms and attributing political power to the functionaries and not the real holders of power. Misunderstandings of economics is a case in point. Logically, pundits have been touting gold as an investment for years. A seeming no brainer in a world of ever increasing fiat currency. Russia even went as far as shifting significant reserve assets to gold (although clearly not enough in retrospect). Yet gold never seems to increase in price to the extent expected. A real head scratcher in a world of "free markets". The following link explains it all and is a good primer on the subject.

https://www.zerohedge.com/markets/peter-hambro-bis-central-banks-are-rigging-gold-market-using-bullion-banks-paper-gold

Gold is only one example of a rigged game.

So the topic is gold. You should change the header

I am a substantial owner of physical gold myself. I've been sitting on a lot of it for 10+ years. I agree with your sentiment. Its insane how gold just drifts to nowhere all of these years while they commit the greatest monetary sins in human history.

The gold "market" is the biggest scam ever. But even that doesn't fully explain it. I think this has been a fluke. Just a one in a million freak event. Part of it is Boomers. They don't invest in gold. They have been making gobs of money in bonds, stocks and real estate their whole lives. And they won't touch gold. They don't get it. So all of this money just stays sloshing around in the "anything but gold" assets.

I used to live and breath macro economics and investing. But being into macro and investing now is like being an investor in the USSR. That's not a knock on the USSR. I just mean that literally every price of everything is there because of government and bureaucracy. It is all artificial. Applying Austrian economic theory in the USSR was a non starter. Applying it now is just as pointless.

What to do now, I don't know. I guess I'll just keep my gold. There isn't much else to invest in.

As for the article itself. Ah yeah that's a nice chart.  But I've seen charts like that for 10+ years. The empire controls gold and. It's useless. We have asset price inflation like the world has never seen and commodity inflation. Gold is both. But it still can't rally. Hasn't for 10 years , probably won't for another 10.

Buy bitcoin. Buy anything but gold