Gold and Silver—Value Remains Irrelevant to Price
The comments above & below is an edited and abridged synopsis of an article by Michael Noonan
Value is subjective, reflective of one’s feelings or opinions. Gold has an intrinsic value superior to most other assets. ‘Intrinsic’ is also subjective, construed as essential, belonging naturally in its association with gold.
There are many who associate gold with preservation of wealth. This has been true throughout history; gold is a wealth preserver, but with periodic temporary reversals.
Price is objective, not dependent upon one’s feelings or opinions. The subjective value of gold is intertwined with the objective price of gold through the natural laws of supply and demand. The latter are a function of what is available (demand), in relation to the desire to have what exists (supply).
The run up in gold and silver prices in 2011 was a precursor of the demand for the physical metals. They represent sound money, and the globalists would not tolerate any competition for creating money out of thin air and demanding interest for the privilege of its use. This is the primary reason both gold and silver have been beaten down to current levels.
Drive down the price of both metals and drain the public of any desire to own a declining asset: This has been the objective of the globalists in order to corral everyone into their web of financial control. There is a similar Ponzi scheme going on in the stock market, which continues to defy the laws of supply and demand.
The globalists have destroyed the middle class and elderly savers by driving interest rates to zero. With no way to earn a return on savings, people have been forced into paper stocks, chasing a return (while exposing themselves to tremendous loss of capital when the markets go south).
Noonan discusses debt, derivatives and financial Armageddon. The price of gold will become uncontrollable, and the question is, when will price begin to reflect reality?