The Phaserl


The Death of Gold

by Andrew Hoffman, Miles Franklin:

Despite every “cap” and “attack” algorithm imaginable, gold has rallied more than $50/oz in the past week, and silver nearly $1.50/oz.  That said, even Zero Hedge, by far the world’s best alternative news outlet, cannot get past its eternal “blind spot” towards the most blatant, world-destroying manipulation of all.  To wit, it posts dozens – if not hundreds – of articles discussing every market “intervention” but Precious Metals; despite dramatic evidence proving such, including countless admissions spanning not just years, but decades.  Consequently, I wasn’t surprised to see its mindless headline this morning, of “gold jumps despite stronger dollar.”  I mean, my god, the gold price has had essentially ZERO correlation with the dollar index for the past decade – as it rightfully shouldn’t, given that the “dollar index” simply refers to the dollar/Euro and dollar/Yen exchange rates.  In last year’s “if a nuclear bomb destroyed Europe,” I discussed how it matters not how the dollar performs against other fiat trash – but to the contrary, how it stands up against real items of value like gold and silver – over the long-term.  And yet, Zero Hedge still succumbs to the propagandists’ #1 gold myth!

To that end, the ECB and BOJ – issuers of the two largest currencies in the dollar index – are amidst the most maniacal money printing schemes of all time; which is probably why Yen-priced gold is at nearly an all-time high, and Euro gold not far behind. In fact, in the vaunted “BRICS” – where more than 40% of the world’s population resides – gold prices, on average, are just 5% below the all-time highs established between 2011 and 2013.

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