Make Kitco Your Homepage

High blood pressure: gold obliterated!

Commentaries & Views

Today, I'm going to drop some heavy bombs on you, which might cause you to rethink many of the notions that both the mainstream press and the alternative media have put in front of you in these last 11 years, since the Great Recession.

I've been saving these analyses for over a year and they will be part of my upcoming book, due out early in 2020, titled: A MATTER OF NATIONAL SECURITY: Get Rich or Get Screwed!

The concepts in it have been used by titans of industry, wealth managers and hedge fund legends. My purpose with it is to equip ANYONE who is tired of getting halfway to reaching his goals, with the tools, inspiration and knowledge he needs in order to take that one extra step to get over the line.

The mission is to open the doors of opportunity for you, since the GOVERNMENT, Wall Street and CENTRAL BANKS have all, either deliberately or by sheer stupidity, RUINED the trickle effect of wealth creation. They've distorted capitalism, so that the average person today has mixed feelings regarding this way of life.

That's because what we have in this country isn't OPPORTUNISTIC capitalism, but either state-run capitalism or worse, shadow-government-fueled capitalism – and both have SCREWED the majority.  

In 11 years, the Federal Reserve's policies have increased the credit available for corporations and the wealthy by $3.7T, by creating currency units and funneling them in a way that incentivizes the financial institutions to keep it amongst themselves, instead of loaning it out to the general population.

$3.7T that gets added to the financial asset world – which is dominated by the rich, who own stocks, real estate and bonds – has brought about untold wealth for people who were already millionaires, multimillionaires and billionaires in 2008, and are now FAR RICHER.

It's a wealth transfer. My calculations, corroborated by several studies, show that Wall Street has HIJACKED close to $1.4T of the general population's wealth in the past 10 years; this is government-mandated theft.

Since this $3.7T in newly-printed dollars (and many more trillions in Euros and Yens) remained mostly with banks, funds and wealthy moguls, it caused a bidding war for stocks, real estate, bonds and collectibles. Since the wealthy also buy gold, its price has risen. This is NOT due to inflation (since there's very little of it), but because they need to diversify their cash reserves, which are at record highs.

Are the banks calling you, inviting you to listen to their investment advisors, or begging you to take loans at ZERO RATES? Not for you – your fate is much different. You're not part of the club.

The past 10 years have created a club, the HAVES, which is a boutique one. By default, it has also created another one – not so much a club as it is a hall of rejects, who do not get to share in this exclusive world of spoils that others have been privileged to join.

What happens when the public gets wind of it? Normally, the answer is nothing. The masses don't storm the capital unless things get REALLY BAD, since they have no idea how the wealthy live. Henry Ford, the richest industrialist of his day, is quoted as saying, "It is well enough that people of the nation do not understand our banking and monetary system, for if they did, I believe there would be a revolution before tomorrow morning."

This is the reason you SHOULD NOT classify yourself as part of the masses, since between the HAVES and HAVE-NOTS, there is a growing class of people who are enlightened in knowledge, but their results might not yet reflect the profound wealth of INFORMATION they possess.

In my mind, we're part of this beautiful class of people. We want real wealth – not the kind that exists, solely thanks to combinations and insider connections, but as a result of adding value to the world.

Over the weekend, we've received such an overwhelming amount of inquiries, as to where gold and silver are headed and what will be the fate of gold stocks and resource stocks, in general, that I'm preparing a lengthy overview of the entire matter and will publish it here next week!

Disclaimer: The views expressed in this article are those of the author and may not reflect those of Kitco Metals Inc. The author has made every effort to ensure accuracy of information provided; however, neither Kitco Metals Inc. nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in commodities, securities or other financial instruments. Kitco Metals Inc. and the author of this article do not accept culpability for losses and/ or damages arising from the use of this publication.