Everything is okay, no worries, gold is a dead asset. It produces nothing, it creates nothing, it pays no dividends, it is not needed, and it will go down even more.
So why the heck are Germans so baffled?
Everything is okay, no worries, gold is a dead asset. It produces nothing, it creates nothing, it pays no dividends, it is not needed, and it will go down even more.
So why the heck are Germans so baffled?
Because, you know, RT is the most trustworthy news source.
Irony? Well, which one is?
Not RT…
Yeah, I don’t know, I just have a hard time trusting a media channel funded by the Russian government that is known for pushing complete propaganda stories. My favorite quote from Putin on the channel, “Certainly the channel is funded by the government, so it cannot help but reflect the Russian government’s official position…”
Understand. But how would this reflect Russian gov position? Nevertheless, I have heard and read this in other sources too, the video only reinforces it and I found it interesting. I’ll try to find those sources and post them.
But, I agree with you and I do not trust media either. I post those videos I find interesting and not that brainlessly believe what’s in them. I didn’t know RT was Russian funded. I thought it was Reuters (unless Reuters is Russian funded too).
My guess is this is more reflective of the actual situation:
http://www.ibtimes.com/german-gold-makes-it-way-back-home-fed-slowly-1563651
In particular, I would look at this one which is directly in conflict with RT: http://www.mining.com/bubba-explains-why-the-us-only-gave-germany-back-5-tonnes-of-its-gold-73709/
I’ll check these up later today. But thanks for updating me on the DR as that changes my view as I really have some animosity against Russians and especially Putin.
RT is not Rueters, it is Russian Times – a government backed media outlet meant to help spread Putin propaganda.
It’s stories like these that makes me happy to own some gold and silver. Quite frankly, the USA’s monetary policy will come back to bite it in our lifetime. 20, 30, 40 years out the dollar will lose much of its purchasing power as other countries stop buying our debt and shift to other currencies/hard assets instead of a reserve dollar.
I completely agree with you and I am buying gold and silver too. As of now I was buying paper gold, but now I will be buying some physical as well. What’s happening with the US now is ridiculous and will indeed bite us with pants down (as usually with FED totally clueless). I want to be ready when that happens.