As ardent as Precious Metals, [PMs], buyers are, a good many of them do not comprehend
their importance. Everyone agrees they are resoundingly better than any fiat currency, as
history has amply proven. However, few consider the why PMs are so anathema for all
There was a time in this country when gold and silver were the coin of the realm. Actually,
they still are! The Coinage Act of 1792 has never been repealed, and that means, by law,
gold and silver are, [read section 20], the current money of account of the United States.
There is a very potent message within that Act, and like we said last week, Knowledge is
not of value, using it is.
Here is what not enough people know, even in the PM community: The qualities within a
gold coin are title, rights, and interest. When gold was used to purchase anything, all title,
rights, and interest transferred from the gold coin to whatever was purchased. It was paid
By contrast, thanks to the Rothschilds, the genesis for the entire Western world’s financial
system, central bankers have replaced ALL title, rights, and interest in whatever you buy
with commercial debt instruments, liens. All Federal Reserve Notes are evidences of debt.
They are not “dollars,” even though the word is printed on them, and the Federal Reserve
has admitted as much. Federal Reserve Notes, [FRNs] are commercial debt instruments,
and they are issued by the privately owned corporation, The Federal Reserve.
Debt is not money. It never was and never will be. The lie has been sold to the public, and
the public has bought it, in its entirety. As an aside, if you have not yet looked up cognitive
dissonance, this would be a good time. What is a FRN? It is not Federal; it is issued by a
private corporation. Look up Federal Reserve in any government blue pages in the phone
book. It ain’t there. You will find it closer to Federal Express in the white pages.
There are no reserves backing a FRN. It is the same as monopoly money. Each have the
same intrinsic value. One is believed [cognitive dissonance, again] to be of value, the other
is known as play money. A few know the truth and see the two as equal.
It is not a note. There is no promise to pay anyone anything at anytime. Any questions?
Debt is a lien, so whenever you use FRNs to buy anything, whatever you purchase carries
with it a lien. This is why when you purchase a house or a car, the government keeps real
title, and all you get is an equitable title, usage, like a rental because you pay annual rent
back to the government. Whenever you sell your house or car, the lien transfers with it.
No matter what you “buy,” a house, a car, furniture, equipment, etc, the lien of 100% goes
along with it, because you used a FRN, and all title, rights, and interest fully belongs to the
creditor, the Federal Reserve. Also, for the privilege of using a FRN debt instrument, you
get to pay a tax on them. [Enter IRS]
With gold and silver, you paid in full for whatever you bought, and you received all rights,
title, and interest. The government has no claim against you. You do not need the
government because you are dealing with coin of the realm that gives you absolute right,
title, and interest. Can you better understand why Socialist Franklin Delano Roosevelt
ran the scam he did for the New World Order to have all “persons” turn in their gold, an
order issued by Executive Order. Few knew that Executive Orders only applied to those
within the employ of the federal government! Of course, the federal government did
nothing to dissuade those who falsely believed otherwise, and still do.
Why are gold and silver so important to your financial health, and why are they so fiercely
opposed by governments? Three words: Rights, Title, Interest. By stripping people of
their most accessible form of wealth, they became dependent upon the government. How
many people are dependent upon Social Security, [another scam], Medicare, and now the
largest growing segment, Food Stamps?
If you have wealth, and gold and silver are forms of wealth, [no matter how anyone would
say otherwise], you do not need fiat; you do not need the government. However, the
government needs you! By taking away your wealth and leaving you only with debt, you
are caught up in their web.
The above explanation has been the primary reason why the New World Order has taken
over each Western country’s currency, replacing all gold and silver backed lawful currency
with [worthless] paper fiat. As Chuck Colson, then Special Counsel to Nixon back in the
1970s, was quoted as saying, “When you’ve got them by the [financial] balls, their hearts
and minds will follow.” Guess where the New World Order has you?
Think about this when you next use your credit card, or fiat FRNs. Prior to the 1930s,
Americans used coin of the realm, and United States Notes, [actually issued by the US]
that were backed by gold and silver, with a promise to pay metal specie if one wanted to
have their lawful money so redeemed. Now, thanks to fiat, the United States has slipped
into Third World status, just not yet recognized by the masses. It is going to continue to
The above issue has now been compounded by the growing concern that central bankers
have little to no gold left, even though they have been leasing, releasing, and scamming
everyone with their previously unquestioned practices. There are numerous “stories”
relating this latest ongoing scam, so we need not dwell any further on it.
There are two situations going on. Some express it as “the price of gold, or the gold price.”
We do not know what that means? What is the price of gold, if not the gold price? Having
some clever form of expression will never resolve the problem.
One more time. Buying and holding physical gold and silver gives you rights, title, and all
interest, aka full ownership. Acquiring them during theses tumultuous times is your best
form of wealth protection moving into an increasingly uncertain future. If you want to
attach physical ownership to the paper prices that are fully controlled by central bankers,
you can, but it misses the point for your future financial well-being.
If you choose to play the lien game and deal in fiat, with a lien attached to everything you
have, that, too, is a choice with a guaranteed certainty of uncertainty for the future. There
is one thing on which almost all can agree, the central bankers are not about to give up
their uber-wealthy fiat scam, and if they cannot meet their obligations to make delivery on
physical PMs, they will [forcefully] buy people off and keep their game alive.
How long can they keep their game going? Longer than most expect. For that view of
artificial reality, we turn to the charts.
There is no evidence of a change in trend. That means gold can still go lower, possibly
move sideways, and have occasional rallies, a natural feature of all bear markets. Know
that it takes time to turn a trend around. If you keep a focus on what the intrinsic value
of gold and silver offer, [rights, title, interest], you may feel less pressure to have price
turn around to the upside and more secure in your holdings. At current low prices,
opportunity is so ripe.
Mention was made that rallies are a normal feature of any bear market, and it is possible
gold may break through the immediate resistance area of 1,300, as we show on the daily
chart. If you look at late June, when price declined under 1,300, there was a brief two-day
rally that failed.
Compare those two trading days then with the last seven now. Price is not reacting away
from that resistance. We often state that the how of a price reaction, or lack of one, is the
market’s way of telling us what is likely to happen. It appears that buyers are absorbing
sellers defending 1,300, and it may give way, next week.
The two strongest volume days in July did not result in any downside follow through, and
that, in itself, is a message. You will read more and more articles touting how gold and
silver have bottomed. They have not, at least according to price behavior as determined by
actual buyers and sellers in the market.
One has to suspend reliance on the natural order of supply and demand in the PMs, for
now, until the unnatural forces of faux supply, pretend non-existent interest of demand
by central bankers plays itself out.
We can say with certainty that there has been greater buying than selling at the lows in
both metals, and that shows clearly in the silver weekly chart. We do not know how much
is simply short-covering, still a positive sign, and how much may be actual new longs being
accumulated by smart money.
The daily silver is similar to but not as strong as gold. Still, evidence is growing to expect
some sort of rally. Until we see the how and the extent of any rally, there can be no change
in the assessment that the trend remains down.
We have been urging our readers each and every week, buy physical gold, physical silver,
price is not the issue. Having it is! Perhaps now you better understand why. In addition
to buying either or both, we also continue to advocate holding it personally. If you do not
hold it, you do not own it. Your financial health depends on it.