FOA

Modern gold bugs search for financial refuge during these smooth times and find themselves in a tempest not of their making. They chase only the price of gold and find the ships they choose to sail upon being sunk on calm seas. >>

In their anxiety about the future, they listen to the siren song of leverage. They board the very vessels that offer the least in stability. As Another points out, Westerners buy the price, not the gold.

They see the trail we discuss and follow only half the map. Then, when the "price" of gold fails, they visit their bitter venom upon us. Not because we were wrong, but because they want to follow their old charts.

This wholesale acceptance of "fraudulent wealth" has lead an entire generation of "Western workers" into saving nothing and thinking it's something.Once any tiny part of this concept is broken, it will call into question the validity of the entire "paper asset" world.

Our present dollar based gold market does not and will not accommodate gold investors outside the physical market.