Looking Back at 2014
2014 was quite an eventful year for global markets: Janet Yellen became the new Chairman of the Federal Reserve; we were on the brink of war in Crimea, and Germany won its fourth world cup title. Many countries around the world held elections, the Scotts and the Swiss had referendums and both of them decided to maintain the status quo, whether it was against Scottish independence or the Gold initiative.
I wouldn’t describe this year as a tough one for gold, considering that it is ending the year close to where it left off end-2013. While some may perceive this negatively and against the rationale for holding physical gold, I find it more relevant than ever, like I said last year. The main reason why gold did not move against the tide this year is, in my opinion, because appearances have a stronger influence on the minds of the people than the facts presented by reality.
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Of course gold will remain valuable. Problem is when the SHTF around September, financial instructions holding your gold will be closed with bank bail-ins taking that first since it is a real asset rather than the worthless paper they will be holding. Keeping physical gold at home makes more sense right now but at that time when the government comes for your guns you better believe gold will be on the list also. It’s not like our government has not confiscated gold before (check out executive order 6102 circa 1933). Have a plan, and soon.
ReplyDeleteYour local conspiracy nut a.k.a. non-brain washed citizen.