Originally Posted by
RetroRevolver77
The reason people who sell gold, tell you to buy gold- is to keep the international banks going during the difficult times that the banks create. The banks will take your gold and give you pieces of paper on deposit in exchange for that gold- all while charging a small fee for doing so. Eventually you won't be able to redeem the pieces of paper for gold because the banks have already taken all the gold out of their vaults to melt down into more coins- to sell to more of the unsuspecting public. Once all the gold deposited in the banks is distributed the government will demand you return all gold currency to them in exchange for more pieces of paper "backed by the full faith and credit of the government". Eventually with inflation, fees paid to print the paper IOU certificates known as "cash" along with kickbacks to government cronies, bribes to the poor in exchange for voting for more government- the certificates themselves or "cash" become worthless while the government goes broke under a mountain of debt. When this happens they usually do something drastic like start a big war or spread some disease around like small pox, tuberculosis, or coronavirus. In the chaos everyone thinks the government went broke trying to fight whatever national level calamity is going on but in reality- they just need to reset their account ledgers. Now the key here is to recognize one of these cycles in it's early stages and leave for a while- like my great grandfather did when he decided to spend a few years subsistence hunting in Africa because "it takes a long time to eat an elephant". Then just return eventually once things settle down so you can then begin depositing your gold back into the local international bank in exchange for more "cash" certificates. Failing to leave during these times usually means ending up flat broke, eating your pets, or worse- being eaten by the neighbors. It's the natural economic cycle.
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