Why gold’s record rally is a sign that something awful is lurking on the horizon for Canada – July 27, 2020,
20 years ago Gold was below $300 an ounce now the price of Gold is almost $2000 an ounce, the price of a 40-inch television set as an example has deflated since the year 2000. It’s actually cheaper to buy a television with Gold now than it would have been in the year 2000.
Now, as I’ve stated in plenty of posts, I’m not a believer in a Gold-backed GOVERNMENT currency, I’m not an American, I don’t care about American legal tender laws and I don’t follow under the U.S constitution, taxes are illegal and were supposed to be temporary but they still exist to this very day in hopes government redistribution will keep the Democratic and National Socialists from destroying another great civilization.
Now, every time the central banks of the WORLD keep interest rates low and the worlds reserve currency the United States via the Federal Reserve is forced to print money because there’s such a great demand for it, the price of gold goes up in other fiat currencies.
Now, because of COVID-19 and Donald Trumps’ reckless spending, the writing is on the wall for DOMESTIC price inflation in the United States. Inflation in the United States probably won’t be as high as it will be in Canada, but prices in the U.S are still going up, because their government deficit is larger.
Larger GOVERNMENT deficits equate to more risk for U.S treasuries, with that said, U.S Treasuries will still be less risky than Canadian treasuries as an example, but the markets aren’t really concerned with all the other countries right now, because there’s a possibility that President Joe Biden could be the new reality starting in 2021. Furthermore and this is something I wrote about months ago, industrial demand for Gold and Silver is about to skyrocket!
It’s no secret that if Donald Trump wins the election the markets will rally, but in the meantime, all of that is in limbo, my bets are on Donald Trump winning, but that doesn’t mean he will win. Biden and the socialist squad have a much different ECONOMIC outlook for America which includes Biden care, the Green New Deal, possible gun confiscation, and defunding the police. Let’s also not forget that America has a pension crisis, something Trump has done a good job hiding, in case you’re wondering why Trump watches the markets like a hawk, U.S pensions are in the markets.
The Socialists are destroying Chile, Global demand for U.S dollars and the dominance of Gold!
Now, in what used to be Freemarket Chile, the socialists want to raid Private Pensions, why? Because ever since Chile started to allow Socialism into their economy, they’ve been losing jobs, guess what else reader? Chile embraced its own version of a Green New Deal almost a decade ago, environmentalism was one of the major contributors to Socialists and Communists getting their influence into Chilian politics and their education system.
We need to do more to save our planet, the environmentalists argued, school choice isn’t working, the rich kids are still getting better schools the Marxists of Chile repeated, than as per usual, because this was obviously all orchestrated by people and entities who believe in late-stage capitalism the Socialists and environmentalists realized that they all had something in common and in a nutshell, Chilian socialists are now on the hunt for money and cash flowing property they can confiscate.
‘We’re going for more’ say Chileans after pensions reform crosses free market Rubicon | nytimes.com
I say this because if Joe Biden becomes President of the United States, or even if he doesn’t, in some variation, the socialists are going to attempt to destroy America. Gold is a sign something awful is lurking, it doesn’t necessarily equate to hyperinflation, but the price of Gold pretty much hyper-inflated in the last 20 years but it’s crept up in value, it hasn’t been an explosion like the Gold bugs wanted.
I personally think if the U.S defaults on debt obligation and austerity measures occur in the U.S, the price of gold would retreat, but I think that’s unlikely at this point and that’s why I think this is an easy call to make. Fiat money is politicized, the size of your public sector and your policies towards the private sector will determine the value of your currency, this is why under Justin Trudeau, Canadians ought to be worried.
Canada does have a free market, but we have a lot of redistribution of wealth into the hands of the public sector and this, in my opinion, is what I like to call “Price and Wage controls”. Government workers in all levels of government in Canada all enjoy above-market wages, Canadian Crown Corporations have above-market prices, Canadian tax surfs who operate in the private sector are financing this big government venture with an artificially devalued Loonie.
Canada is still better off than most countries, but we’re running into a cash flow problem. Currently, 1 ounce of Gold in Canadian dollars is nearing $2500 (CA$2,457.05 – July 27, 2020) I buy bullion, you’re not going to get 1 ounce of bullion in Canada for less than $2500 CANADIAN dollars before or after taxes and this was before Gold started rising in U.S fiat dollars.
Canada as a country has no gold reserves and here’s the kicker, Trudeau has made it more expensive to mine Gold in Canada, via the carbon tax. Part of the reason I brought up Chile is that in case you haven’t been paying attention, Capitalism is kicking Socialisms ass, but the Socialists have Black lives matter and the environmentalists in their back pockets, what socialists aren’t comprehending is we’re entering into “Late Stage Marxism”
In which big government is about to get a dose of reality, despite what people think, there is a huge demand right now for U.S dollars, Gold has no infrastructure, but the more popular gold gets as an investment the more liquid it becomes meaning I have this piece of gold and I can go anymore and get fiat dollars in my pocket for a price that was higher than I paid to purchase it.
Now, how I see things is the only way to stop people from trading in Gold is to raise interest rates, this is what we in the free market call a “fire sale”. I personally don’t know what’s going to happen, because I’m not a politician, fiat money is a political currency, that’s all it is, and again because Government money is politicized, I don’t want it backed by anything tangible.
I DO NOT WANT a Gold standard, but… the rising price of gold is a sign that something awful is lurking on the horizon and I don’t know if the Marxists understand austerity measures and how painful it is! Without austerity, we’re going to have more of this, without a U.S debt default, we’re headed for a Japanese style Zombie economy, late-stage capitalism my ass, we’re headed for LATE STAGE MARXISM! WE CAPITALISTS LOVE CHEAPER PRICES! Capitalists love competition, we love a free market liberated world, liberated people buy more stuff!
The Marxists want to punish the rich or anyone not in government attempting to be rich, inflation, and a stagnant economy, higher prices, redistribution of resources, government control of everything, isn’t that where we are now? HELLOOOOO! We’re in Late-Stage-Marxism and you better start preparing! Vladimir Putin is the richest man in the world, in case people didn’t know! I’d also argue that Xi Jinping is the richest man in the world but the Chinese Communist Party doesn’t release that sort of information!
I know I know, Russian and Chinese Communism isn’t the communism Karl Marx envisioned, he wanted the perfect kind of communism lmao! We capitalists make the same argument about capitalism, what we have in Canada sure as hell isn’t what I would want. I hate paying higher prices for things, my capitalism is all about driving down prices, driving down wages, and building more machines so I can do less physical labor.
But I’m stuck because I have a bunch of stupid socialists who think a big government knows best, therefore all of the machines and cheaper labour that would make my life ten times better than it is now, doesn’t exist and can’t exist, because I have to wait for late-stage Marxism to destroy society AGAIN!
Anyway, the price of Gold is a sign that something awful is lurking on the horizon, so you might want to prepare for it! I don’t give financial advice!
Interesting times ahead!