Here in the UK, compared to the USA, we still have an alarming level of trust in our banking system after everything that has happened over the last 10 years or so. But look closely and you will see that the cracks are appearing. I am noticing more and more talk out there about financial issues on the horizon and it certainly isn't just talk in the UK.
Why am I sharing this? Well, it is simple; everywhere I look IF I look closely enough and I do not swallow the Government and central bank BS that they want me to swallow, I see a financial market coming apart at the seams. I see a greater and greater dependence on a debt based system that, when it all sinks into its own pit, is going to hurt some of us really badly. And it will sink.
We are in grave danger of making the holes in the boat even bigger because of the long running Brexit issue. What worries me most is that we may not get any warning prior to the next financial crash. It could hit us like a tsunami.
JP Morgan's own chart clearly tells you where you would do well to put a good chunk of any spare money you can find. But what it doesn't tell you is this:
Gold's biggest benefit is not the fact that it has (remarkably) out-performed assets that are seen as out and out investments but that it is still one of only a few things that we can put our money into that is safe and reliable. Cryptocurrency may offer us another alternative but it clearly has some way to go to gain widespread trust.
If you own Gold, you can always eat and you will always have something to trade with.
Ironically, it was J.P Morgan (the man himself) that famously said "Gold (and silver) is money. Everything else is credit." And continuing with the Americans, Herbert Hoover once said "We have Gold because we cannot trust governments."
Gold may not always outperform the sexy investment fund and, frankly, it doesn't need to; but it isn't going down in value any time soon either. Why do you think (and feel free to look this up yourself) that governments around the world, through their central banks, are buying Gold now at the fastest pace ever? it isn't just the good 'ole US of A. These governments can see what's coming even if we can't.
Just before I finish this email I have to quote Kenneth J Gerbino, another American investment guru. I don;t know much about the man but I just love his quote He said:
"If you don’t trust gold, do you trust the logic of taking a beautiful pine tree, worth about $4,000-$5,000, cutting it up, turning it into pulp and then paper, putting some ink on it and then calling it one billion dollars?"
