Price: The Coming Gold Rush

I follow the price of gold by looking at the gold graph presented daily by

The commentary section of Kitco is mostly made up of inane comments regarding the evolution of the price of gold. Clearly, Kitco is deathly afraid of posting any realistic appraisal of the movements in gold’s price.

Actually, there is no reason at all to read Kitco’s comments, for the gold graphs speak all too clearly of what is going on: the price of gold is under strict control by The Powers That Be, because a surging price of gold would announce the imminent collapse of the value of the US Dollar.

The clue to understanding the present artificiality of the price of gold, lies in the simple consideration of the meaning of what is plain before our eyes.

The recorded price of gold does rise vertically, from time to time, as investors hasten to purchase gold at the lowest possible price.

But there is a daily anomaly: the price of gold regularly falls nearly vertically in value, either in one great step down, on in a series of vertical smaller steps.

Why is this an anomaly? The reason for considering vertical falls in the price of gold as an anomaly – i.e. something unnatural – is that true market sellers of gold invariably want to obtain as many dollars for their gold, as possible, and therefore, market sellers will always sell their gold slowly, in order to obtain the greatest amount of dollars for their gold. True holders of gold, who wish to obtain the greatest possible quantity of dollars for their gold, sell slowly, and never dump their gold in as short a time-frame as possible.

Dumping the possession of gold in such haste, crashes its price – something that true sellers of gold would never, ever do.

Therefore, it is quite evident that the seller of gold that crashes the price down in a vertical fashion, cannot be interested in maximizing the amount of dollars which he obtains through the such an operation.

Such a seller can only be a government or group of governments who are fighting a rising price of gold, in order to defend the value of their fiat currency or group of fiat currencies, for a rising price of gold announces a failing fiat currency.

Very naturally Kitco’s commentators do not tell us this, for if they did, it would mark the hasty disappearance of Kitco.

We have highlighted the suspicious drastic falls in the price of gold in the following graphs (from December 22 2020, to January 18, 2021).

At the present time, it is clear that there is only a minimal interest in owning gold, on the part of the mass of investors, who are focused on maximizing their ownership of Dollars, or Euros, or Pounds, etc.

Price, Hugo Salinas

However, when the King of Fiat – the Dollar – suffers a sudden loss of value in terms of other currencies, or evinces a persistent tendency to fall in value, at some point, it will dawn upon investors that owning Dollars (and other fiat currencies) is a losing proposition, and they will rush, in mass, to acquire whatever they can of the yellow metal. Official selling to break the price will, at best, only slow down its rise and present a momentary opportunity for panicked investors, to acquire some gold – far less than they might have acquired, had they not been so blind to the danger.

At this point, the price of gold will be rising by hundreds of Dollars an hour.

After the dust settles on this episode of World History – that will be another story.

Written by Hugo Salinas Price for In This Age of Plenty ~ January 19, 2021

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About admin

Please allow me to introduce myself; I am Jeffrey Bennett, President of Kettle Moraine, Ltd., the parent of Sierra Madre Precious Metals. I have been married for 52 years with two children and four grand-children, a veteran of Viet Nam, student of history (both American and film), and was host for fifteen years of Perspectives on America on the alternative airwaves, covering such subjects as, health and wellness, news, political satire, education and editorial commentary on current events through the teaching of history, and Protecting Your Wealth. In early 2018, I took a several month hiatus to complete some family business but returned to airwaves April 17, 2018). At the age of ten, I sat in a bank-vault in the Citizens Bank of Mukwanago, Wisconsin with my grandfather going through bags of old American Peace dollars, hand-selecting each coin as dated rolls of 20 coins were carefully put together and rolled. Learning of the history of these beautiful pieces of Americana, I asked my grand-father, "Why are we doing this?" to which he replied, "Because someday they are going to do the same thing with the silver in our money that, that (S.O.B.) Roosevelt did with gold in 1933." It took only six-years for his prediction to come to pass at the hands of a disciple of Roosevelt's... and what will a Federal Reserve 'dollar' purchase today - and what will that old 90% Silver Peace Dollar purchase? Although at the age of ten, there was little understanding of the meaning of it all, over the next half-century I became well-versed on the subject matter. During this summer of my education, I began to purchase silver coins as a collector and some small, international gold coins two years later - not an easy feat in the shadow of the Roosevelt confiscatory policies of 1933. Although those policies remained in effect until the mid-1970's, it was not until 1991 that I found that one could make a living providing precious metals and collectible, historic numismatic coins to a willing and concerned clientele. It was also during that year, that I began a relationship with one of the first Trust companies to give the public access to gold and silver as part of an Individual Retirement Account (IRA) - and Kettle Moraine, Ltd., founded in 1995, but have ceased providing service due the the intense change-over of the provider. In November 2011, after a 15 month broadcast on another network, I returned to the airwaves with my then revamped program, Life, Liberty & All That Jazz, and for over a quarter-century, I have been proud to serve the family of listeners of my numerous broadcast programs for physically-held precious metals for investors and collectors alike. On March 23, 2020 I launched my brand new - appropriately named program, The Edge of Darkness on the Republic Broadcasting Network, and thus continue to  remain available to our long time clients and their families. Ah yes - find out what "inter-generational" wealth provision has done for our clients over the past three decades. Don't buy the sizzle of that steak until you understand the cost! In other words, don't buy the bull being dispensed by the 'rare coin' pitchmen until you understand the full story. We, at Sierra Madre Precious Metals, will be proud to serve your needs.
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