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Page added on June 2, 2013
Peak Gold
We are rapidly approaching the end of cheap resources. The wealth of most Americans could get wiped out during the next decade due to commodity inflation. Focusing on your real purchasing power is critical. As this brief documentary discusses, what is it that makes gold so special? Merely a “tradition” as Bernanke would have us believe, or sound ‘money’?
Our goal is to help as many people as possible become aware of the disaster we are rapidly approaching with the end of cheap resources. In our opinion, the wealth of most Americans could get wiped out during the next decade due to commodity inflation. Focusing on your real purchasing power, altering your lifestyle, and investing in the future is an opportunity that you just can’t afford to miss.
http://PeakResources.org is helping our members seize the moment, with great challenges come great opportunities. The education you receive today and the decisions you make, will define what type of lifestyle you and your family will have for the rest of your life!
12 Comments on "Peak Gold"
Airwicky on Sun, 2nd Jun 2013 2:31 am
this is one of them old traditions from human history is coming back. The power of gold and the standard for ‘valuable’ money. Most people would say we as a species have grown out of things like absolute slavery similar to that of ancient rome and gladitor days, or those days of absolute monarchy were the royality inbreed but I see the tradition coming back like the video suggests. I know I’m probably gonna get people who disagree so let’s hear it!
BillT on Sun, 2nd Jun 2013 3:37 am
Gold will always be the means to preserve wealth. It has been for at least 5,000 years and that is bred into us as sure as anything. After all, the saying “He who has the gold makes the rules”. If you think that the artificially low gold price is because it is losing value, you are being fooled. It is being kept down for now so the wealthy can buy more of it at a low price. Every Central Bank and sovereign country that can do so is buying gold by the ton. Except the US.
After you have everything else you need to survive the coming storm, then buy gold coins keep them in a safe place, but not a bank box. Banks will close and not reopen and your gold may be confiscated if it is in the bank. Paper gold is just paper. No value at all when the SHTF.
GregT on Sun, 2nd Jun 2013 7:48 am
Believe what your media is telling you. Gold is nothing more than a 6000 year old ancient relic, even though gold backed the world’s fiat currencies until 1973. (coincidentally the same time that US oil production peaked and other nations demanded conversion of dollars to gold)
Central banks hold gold, royalty holds gold, and the global elite hold gold, not in ounces, but in tonnes. Gold is the world’s true reserve currency and wars are still being fought over this fact. Money has no intrinsic value, other than the cost of the ink, and the paper that the ink is printed on.
Arthur on Sun, 2nd Jun 2013 8:36 am
I am not totally convinced that you need gold to run a sound money system. What you do need is a government with modest ambitions and an independent central bank with the explicit task of keeping inflation low, like the central bank of Germany, before the euro. The Deutschmark was not backed by gold, but a strong currency nevertheless.
But yes, if politicians become reckless, you better have some gold in reserve, like now.
DC on Sun, 2nd Jun 2013 9:53 am
Regardless of you perceive money, fiat or otherwise, gold is still the currency of last resort. If that 1% criminal Bernanke wants to convince people its a ‘tradition’, he does so out of desperation. He knows if given a choice between a stack of gold bars and a stack of US dollars, what would most people choose? His job is to convince people that the US dollar has some actual value, beyond its being backed by threat of military force.
Im not so sure the 1% need to manipulate the price of gold so they can ‘buy’ more. There are far more dollars held by the 1% then there is gold to buy it with. IoW, they don’t need to price of gold low to get there hands on more of it. They already control most of it as it is. The drop in price was orchestrated because golds stubborn refusal to drop in price on its own, was making the US dollar look bad. Further increases in golds value would put even more downward pressure on the dollar-which in turn, would lead to even(more) QE.
Beery on Sun, 2nd Jun 2013 11:02 am
You can’t eat gold, you can’t sleep safely on it, you can’t burn it for warmth in winter and you can’t use it for shelter. As a means of trade, it’s worthless without the willingness of people to use it and without the strength to keep it safe.
Farmland will always be a better investment.
Jon Michaels on Sun, 2nd Jun 2013 11:08 am
Money isn’t about currency or the item used to guarantee the currency. It is about trust, it is a social construct to ensure economic activity. We can base currency on whatever we like.
Gold’s value is that it is limited – remember the leaf based currency in Hitcher’s Guide to the Galaxy?
BillT on Sun, 2nd Jun 2013 12:43 pm
Arthur, Central Banks are the destroyers behind the curtain. Central Banks are privately owned corporation, not government owned. As soon as a country has a Central bank, it’s money begins to lose value unless it is backed by something real and limited, like gold. The US started to destruct in 71 when the last tie to gold was ended in the US. Now it is dying and taking the rest of the West down with it.
Politicians, by their very nature will destroy the value of their currency as the buy votes with CB money. There is not such thing as an honest politician. The job attracts psychopaths that want power and glory and wealth.
rollin on Sun, 2nd Jun 2013 1:41 pm
We are hostages to the military/industrial system and when that plays out – if the planet is still viable- fertile farmland, streams and lakes will be far more valuable than gold. Seeds will be a very valuable medium of exchange, as will hand tools.
BillT on Sun, 2nd Jun 2013 1:53 pm
Right on, rollin!
Juan Pueblo on Sun, 2nd Jun 2013 3:06 pm
I’m with Beery and rollin on this one. Land, shelter, water, food, and firewood are enough for me. You can keep your Gold. To me, it is a metal, and nothing more.
DC on Sun, 2nd Jun 2013 5:58 pm
And what do all you think land and all those other valuables are going to be transacted with once the fiat currencies collapse? No one is going is going to be handing out fertile farmland or shelter or anything else to people that beleive that gold is just some worthless metal. Wait I know, there was time when people who exactly like you existed in large numbers.
It was called the xtian DARK AGES, thats right, low-tech feudalism. Now you see, back then, the guys that owned all the land, the water rights, the housing AND the *gold*, were what we call, the nobility and the clergy-and they made the rules.
The people that felt that gold had no value(no choice), and lived on the land, were what we call-peasants. They spent a lot of time on all that good fertile farmland-except they didn’t own a lick of it-no access to gold you see. They often time did not own the roof over there heads-miserable roofs that they were.
So persists in the fantasy that precious metals will be valueless post-industrial life if you wish, it makes no difference really. Except with fiat currencies valueless, NO ONE, and I mean no one-will hand over anything of any value unless you have well…gold, silver etc. The only way gold will be of zero value, would be, say, a post nuclear war or something equally ugly. If thats the case, there will be fertile farmland for you to squat on anyhow, or anything resembing even an economy. IE life will be very short and nasty.
Gold sits at the top of the pyramid even in informal\barter type economies. Only in very small gift\clan type arrangements would gold value dilute. And even in those, the guys at the top will still likely have a stash. Cant get away from it guys no matter how much you might wish it. Its good if have land now, better if you have land *and* some gold.