Nine Gold Myths Everyone Needs to Understand to Survive this Global Economic Crisis

There is certainly plenty of negative sentiment around about gold (and silver) at present.  At the very least it seems many are sitting on the fence expecting it to fall further.  The below video from J.S. Kim of SmartknowledgeU debunks a number of the myths that are trotted out every time gold reaches a new dollar high as it did last year.  The odds are you’ve heard one or 2 of them if you ever discussed buying gold with someone and you’ve probably heard them recently too… There are a nine prevalent myths and false arguments that bankers and their puppet commercial investment firms have used to keep people from buying physical gold and physical silver over the years (remember the paper GLD and the paper SLV is NOT a proxy for physical gold and physical silver and from the information in the prospectuses, very likely nowhere near 100% backed by physical gold and physical silver as they claim). To counteract this misinformation and counterintelligence that bankers spread so that they may continue to impose their immoral and criminal fiat currency monetary system upon global citizens, I have made two videos that pick apart and disprove the nine most popular pieces of misinformation disseminated by bankers against gold (and silver). In part one below, I discuss myths 1 through 4.   (1) People that Buy Gold and Silver WANT the Economy to Collapse.  This argument is illogical and confuses cause and effect. This is analogous to warning people not to cook and eat raw meat that has been unrefrigerated for days, and when people eat this meat and become deathly ill, blaming the people that warned the others not to eat the meat for the epidemic of salmonella that is happening. (2) Gold’s Price is Too High People that make this argument have no idea why they say this. Just because the price of an asset is high does not mean it is expensive. One has to understand the asset’s value before one can make the valid argument that the price is “too high”. People that argue that gold’s price is “too high” routinely pay 2,500 times more than the price of gold for the comparable weight in diamonds yet never believe they are paying too much for diamonds. Yet, the facts are that the banking cartel artificially raises the price of diamonds and artificially suppresses the price of gold and silver on a routine basis. (3) Gold is Useless During Economic Collapse Because You Can’t Eat It Perhaps the dumbest argument yet. In every instance when fiat currency has collapsed, and EVERY fiat currency in history has eventually collapsed because it is akin to monopoly money, people that owned physical gold and physical silver were able to use these precious metals to buy food, including most recently in Zimbabwe and during post WWI Germany. People argue that you can’t eat gold and silver, but yet hold fiat currency of which about 98% of it exists ONLY in the form of digital credits that reside on the banking cartels’ computers. Hmmm, I wonder how delicious those imaginary digital credits taste? Furthermore, silver has anti-bacterial properties that keep water and milk pure for months, so whole you may not be able to eat, it, you can store liquids necessary for survival in it that will keep liquids pure for months. (4) The Gold Standard Will Not Work Because Bankers Own All the Gold The Bankers own all the fake imaginary gold and silver in the form of the GLD and SLV ETFs and paper futures contracts that are backed by almost no real physical gold and physical silver but just air. But certainly they do not own ALL the real physical gold and physical silver. If this were the case, then the banksters in Turkey would not be begging Turkish citizens to turn over all their REAL physical gold over to their fake banking system to save it. In the video below, I use the analogy of Poker to describe why a Gold Standard DOES work in protecting the citizens’ rights and consequently explain why Banksters hate the Gold Standard, using a real life history example of post WWI Great Britain.   Please share the below video with everyone you know as destroying the bankster propaganda campaign against gold is the first step to toppling the immoral global banking cartel. Sharing the below video with everyone you know is also one small way to stand in solidarity with Irish citizens that have refused to pay the newly banker imposed property tax. Spreading knowledge and breaking bankster lies is a necessary step towards breaking free of their immoral criminal fiat currency system. If you have a twitter account, I encourage you to tweet this message: “I stand in solidarity with 50% of Irish that have refused to pay bankster imposed property tax to bailout banks. Please RT if you agree!” Even if you do not agree with everything in the below video, I still encourage you to share it with your friends as open debate of the points I raise in the video is the first step towards eradicating misinformation and building a true knowledge base about our monetary system to replace the lies that banksers have taught us through control of our institutional academic system. If you disagree with the points in my video, perhaps by sharing it with others, someone with whom you share it may also better be able to articulate my points in a manner that makes more sense to you. Please stay tuned as I will post part 2 with five more gold myths tomorrow. About the Author: JS Kim is the Founder & Chief Investment Strategist of SmartKnowledgeU, a fiercely independent investment research and consulting firm with a focus on Precious Metals that is dedicated to helping people not only fight the immoral global banking cartel, but also to formulating strategies that we can implement together to help us win. From June 2007 to March 27, 2012, our benchmark Crisis Investment Opportunities newsletter has returned a cumulative +184.99% return to our clients while the S&P 500 has lost -7.25%, the FTSE 100, -11.74%, and the ASX 200, a whopping -31.43%. The major benchmark gold/silver index, the PHLX Gold/Silver Sector Index, has returned a significant, +28.04%, but still underperformed our newsletter by -156.94%, over the same investment period (*in a tax-deferred account) Follow us on Twitter @smartknowledgeu. Republishing Rights: The above article may be republished on other sites ONLY if all text and links remain intact exactly as is including the author acknowledgement. All violations will be considered copyright infringement and prosecuted to the fullest extent of the law.

4 thoughts on “Nine Gold Myths Everyone Needs to Understand to Survive this Global Economic Crisis

  1. Pingback: Gold & Silver in NZD: First Quarter Performance | Gold Prices | Gold Investing Guide

  2. Pingback: Nine Gold Myths Everyone Needs to Understand to Survive this Global Economic Crisis Part 2 | Gold Prices | Gold Investing Guide

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