I have stated countless time that gold is not the hedge against inflation, hyperinflation, the anti-fiat antagonist against the dollar, or manipulation keeps gold down, paper gold suppresses the price, and anything of the sort that amounts to promotions or excuses. Gold has followed the deflationary trend in commodities if you haven’t paid attention to oil and money supply is not a one-to-one relationship with inflation for this is a global economy driven by confidence.

Every single one of those sales promotions are meaningless and most manipulations in metals have been to the upside to get the unsuspecting to rush in and buy every single high and then they crash it. This has been going on since the 1970s. I knew the Hunt brothers in the early 1970s. They became a household name when the promoters exposed them to get people convinced they would see $100 silver so buy now at $50.

All of these promotions existed for the 19 year decline from 1980 to 1999. They roll them out to dupe people into buying every rally and these same pretend analysts are selling gold which is a conflict of interest. Come on. There is more regulation today protecting the public in buying a used car than there is in gold.

I am not selling gold. There is always a time to BUY and there will be a time to SELL. Sorry – I am a trader first and foremost. Gold is the hedge against government. The low in terms of dollars is still probably not in place. Keep in mind that we may yet see a major rally in the dollar and that will help gold decline in dollars.

Nevertheless , that is the trading view. Gold from the hedging perspective may have lost its movability. This will have some dampening effect in price long-term. However, if we are talking about trading, then there may be better opportunities than gold. Perhaps the way to make gold movable again is we should all start to wear bling-bing as they call it. Perhaps a 2 ounce wedding ring.

If we are talking about hedging, then yes you should have some common gold coins or jewelry. Where to store them is another whole problem. So we are not talking about trading in this context. They are moving rapidly to shunt down paper currency for they see this as the only way to prevent a bank meltdown, collect all taxes they ever dreamed of, and prevent anyone from buying or selling without government approval using terrorism and drug dealers as the prime excuse. Of course how are the police going to make money? When I landed in Poland, big signs at the airport declared it was illegal to carry anything would more than €10.000. This is going to be a very questionable future we face.

I remain skeptical that these people can hold on to power for we may be faced with a serious political meltdown come 2016 into 2017. Gold is the hedge against government not fiat or inflation. In this context coins of common date will be the best rather than bars. Of course you may not be able to leave your home.

We cannot stop what is coming. We have to crash and burn. We are in a battle for our freedom and that of our children. This is the only reason I have not run off to a beach and retire. What about my own posterity? While the crash and burn is inevitable, perhaps we can reduce the pain if we push back when the time comes and prevent the complete loss of all rights, privileges, and immunities, which for Americans was once embodied in our Constitution securing the right of citizens to travel from one state to another was already protected by the Privileges and Immunities Clause.