“The Great Taking“ Doesn’t Work if You Own Bullion
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SUBSCRIBE to Our Channel: We’re going to end this week with a preview of some free information both in visual and written formats that I have been deliberating on showing you for many months now.
It is not for the faint of heart, and I certainly abhor the idea of this channel becoming a chicken little; the sky is falling clown of hyperbolic content week to week.
But this real threat is worth viewing and reading directly. For over a decade now, many in the physical precious metals industry have talked about if you don’t hold it, you don’t own it. And even about taking direct delivery of shares in stock so worse comes to pass, you are not left with your broker up and vanishing with you what you supposedly thought you owned.
Well, if you perhaps ever wondered how by the year 2030, we could ever collectively get to a WEF dystopia where we, in the masses, own nothing and are somehow happy. Then you might want to stay tuned to the second half of this week’s update for a preview.
Now some of the author’s suggested remedies you may not agree with, but his research over decades to the present day is accurate and sourced in his free 100-page PDF, which I will link in the show notes and pinned top comments below.
Hopefully, the author ends up being incorrect in his concerns, but I will leave you to judge and research the content further if you deem it worthy.
If he is even partially correct in his current thesis of our coming future, I would very much regret not having tipped you off to his work and viewpoints.
First, we must dig into some details about why the spot gold price ramped to a new record price high of over $2,150 oz in early, somewhat illiquid last Sunday evening electronic trading hours just before Asian markets fully opened.
A crazy up-down week in the spot gold price it was as the fiat dollar gold price gyrated up and down around $150 oz in this mere week of trading.
In the grand scope of the full fiat currency gold trading era, this week will be just another blip on the price chart candles. Alerting the world that $2000 is likely not the ceiling but more so the long-term floor and support for higher future moves ahead.
Of course, I have my takes on what happened. We’ll get into those in an interview I did with Arcadia Economics this week:
But first, let’s see how the eastern world in India, specifically, was taking the rapid upward move to start the week.
INDIA CNBC-TV18 Record Gold price coverage:
Now let’s both hear from and hand it to CPM Group’s Jeffrey Christian for being somewhat accurate on his call from over 5 1/2 years ago (56-second clip from early 2018: that record nominal gold and silver price highs would be coming by 2024.
What did Jeff have to say about Gold’s strong Sunday night price move higher?
We expect a sharp increase in gold prices into 2024-2025: CPM’s Jeffrey Christian
The spot silver and gold markets ramped to start the week only to get sold off to close.
The spot silver price finished the week weakly respective to falling gold and thus, the spot gold-silver ratio ramped to 87.
The spot silver price closed just over $23 oz bid and the spot gold price ended just over $2004 oz bid to finish the week.
Onwards to a preview of The Great Taking.
The Great Taking - Documentary
The Great Taking online - Great
The Great Taking’s Digital Download website -
That will be all for this week’s SD Bullion Market Update.
As always, to you out there, take great care of yourselves and those you love.
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