21 April 2014

Anti-Gold Scare Tactics Seem To Be Largely Ineffective

I have seen the most recent surveys in Asia that show the appeal of gold as a store of wealth, but I had not known of similar results elsewhere.   I also think that physical silver is enjoying some strong interest that is barely mentioned.

The propaganda of the Western banks and their friends at Shill & Troll seems to be almost as heavy handed and fairly obvious as their trading tactics of dumping large numbers of contracts to see at market in quiet periods. 

They are free have their way in their phony, rigged markets, but perhaps the old saying from Abraham Lincoln really holds true:  You can fool all of the people some of the time, and some of the people all of the time, but you cannot fool all of the people all of the time.

Press’ anti-gold scare tactics largely ineffective
by Michael J. Kosares

Gallup poll ranks gold second best long term investment after real estate

Under normal circumstances, I might let a rutty headline about gold in the Financial Times pass without much notice. I say “rutty” because the Financial Times has long been stuck in a rut as one of the principle apologists for Keynesian economics — big banks, big deficits, big governments and powerful central banks. It doesn’t think much of gold enthusiasts and gold enthusiasts do not think much of it. (Although I still read it every morning.)

When I took-in the headline — Bumpy ride in store for gold with price forecast to fall 15% — with my morning coffee, my first reaction was to disregard it, as I do most of the day-to-day, routinely negative Financial Times’ reports on gold. Scanning the article (with the hope some nugget of important information might be gleaned), something tugged at the back of my mind with respect to the entities referenced — Gold Fields Mineral Services (GFMS), Goldman Sachs and Credit Suisse. All three obviously were predicting 2014 would be a bad year for gold. What was nagging was their near-term record in the art of gold forecasting...

Read the entire article here.