Well I guess you were wrong about gold backing the yuan.
Dominic - your post about nothing lasts forever - completely misses the point about a safe haven to steward your wealth through the coming bubble pop. You did sort of mention the need for gold and bitcoin (but I’ll wager you bitcoin falls with the market crash - gold will too but my wager is not as far or hard as bitcoin). You should have others proof read your posts - I am glad I am not a paid subscriber!
I’m afraid I don’t understand what you’re talking about. I’ve been recommending people buy Gold for years and years and years. I’ve been writing about China’s gold holdings and its ambitions for a global reserve currency, that there has never been a global reserve currency that did not start out backed by Gold for a similarly long time.
Your comment is not only ill informed it is also rude. Which is not becoming of a gold bug.
Dominic, I did not mean my comments to be rude, apologies.
I was surprised about the content and the timing of your article “Bull Markets Do Not Last Forever”. I seriously doubt any of your subscribers needed to hear the title message. They know it.
The reason for my comment is because it was, in my view, a confusing mix of information - for the unenlightened.
I have tried, in some cases in vein, to get the word out to those I know and love - to be ready, get positioned for the coming reset. Holding stocks and bonds at this stage is setting the stage for disaster. Gold, Silver (physical and miners) and Bitcoin (if you got in before the serious rises - it too will fall badly when stocks crash). Your article would be appropriate, as written, for a time after the reset.
IMHO, the message now should be to get the general public to wake up and protect themselves from the rampant devaluation of all fiat currencies.
My comment about getting it wrong is based on your comment in your article:
“It might be that China gives the yuan some gold backing, and makes its (digital) notes interchangeable with gold, but I find that unlikely.”
They key to the present is be out of seriously over priced stocks and low yielding bonds, be in assets that appreciate in value (keep on par with inflation) and when values return in the stock market, your preserved funds can buy stocks at great values (Richard Russell and Bill Bonner).
Bull markets don’t last forever and it’s important to be reminded of that
At no point in the article did I say sell. I have been consistently saying you must own some gold and you must some bitcoin for literally years . behind the paywall put some targets such as the Dow to gold and the house price to Gold ratio.
So your comment was made from a position of ignorance. But I forgive you
https://open.substack.com/pub/thesilverindustry/p/china-unlocks-gold-backed-yuan-the?r=5i5wd8&utm_medium=ios
Well I guess you were wrong about gold backing the yuan.
Dominic - your post about nothing lasts forever - completely misses the point about a safe haven to steward your wealth through the coming bubble pop. You did sort of mention the need for gold and bitcoin (but I’ll wager you bitcoin falls with the market crash - gold will too but my wager is not as far or hard as bitcoin). You should have others proof read your posts - I am glad I am not a paid subscriber!
I’m afraid I don’t understand what you’re talking about. I’ve been recommending people buy Gold for years and years and years. I’ve been writing about China’s gold holdings and its ambitions for a global reserve currency, that there has never been a global reserve currency that did not start out backed by Gold for a similarly long time.
Your comment is not only ill informed it is also rude. Which is not becoming of a gold bug.
I guess that’s the Internet for you
, I wish you luck on your journey
Dominic, I did not mean my comments to be rude, apologies.
I was surprised about the content and the timing of your article “Bull Markets Do Not Last Forever”. I seriously doubt any of your subscribers needed to hear the title message. They know it.
The reason for my comment is because it was, in my view, a confusing mix of information - for the unenlightened.
I have tried, in some cases in vein, to get the word out to those I know and love - to be ready, get positioned for the coming reset. Holding stocks and bonds at this stage is setting the stage for disaster. Gold, Silver (physical and miners) and Bitcoin (if you got in before the serious rises - it too will fall badly when stocks crash). Your article would be appropriate, as written, for a time after the reset.
IMHO, the message now should be to get the general public to wake up and protect themselves from the rampant devaluation of all fiat currencies.
My comment about getting it wrong is based on your comment in your article:
“It might be that China gives the yuan some gold backing, and makes its (digital) notes interchangeable with gold, but I find that unlikely.”
They key to the present is be out of seriously over priced stocks and low yielding bonds, be in assets that appreciate in value (keep on par with inflation) and when values return in the stock market, your preserved funds can buy stocks at great values (Richard Russell and Bill Bonner).
All the best to you.
Thanks for your message
Bull markets don’t last forever and it’s important to be reminded of that
At no point in the article did I say sell. I have been consistently saying you must own some gold and you must some bitcoin for literally years . behind the paywall put some targets such as the Dow to gold and the house price to Gold ratio.
So your comment was made from a position of ignorance. But I forgive you