Yamana Gold, Inc. (NY: AUY) fiat$16.31 USD -0.22 (-1.33%) Delayed Price / Updated: 3:06 PM EST, Jan 4, 2013
Gold Gains Momentum as the Money of Choice -
Will not posit that 2013 will be the year that the fiat dollar loses its supremacy; that has already happened.
Sure, it is still used in most global transactions, but that doesn't confer supremacy status.
Gold is the money of choice; it always has been and always will be.
The 666 cultz certainly would love to have all the Gold for itself, but despite a 12-year record of crushing traditional assets, precious few Americans have even bothered to pay attention.
While it is difficult to ascertain the exact proportions of individuals who participate in the gold market, it is safe to state that it is likely less than 10%.
Consider the anecdotal support for this statement. First, Americans have precious little savings as a group. Second, most of that savings is in pension plans and 401(k) type arrangements, which typically don't allow the investor to have exposure to metals.
A good case in point is the Thrift Savings Program that federal employees participate in. There are several fund options, none of which give the employee a chance to purchase precious metals, even in proxy form.
Thirdly, virtually every individual, I have talked to that does buy precious metals & reports that there are generally only sellers in the local coin shops around America.
Buyers are few and far between, at least at the retail level. It is ridiculously easy to sell your family jewels and precious metals for cash and many Americans have chosen to avail themselves of this option to buy food, pay the mortgage or cover other expenses.
Keep in mind that the 666 media will continue to bash Gold (and Silver) and JP/HSBC will continue to run up massive short positions to keep prices contained.
Investors who understand these dynamics will continue to do what they've been doing and that is to take the metal away from the syndicate by taking possession instead of playing around with futures contracts and ETFs such as GLD and SLV, which are merely vehicles used by the 666 syndicatez for the purposes of price suppression.
A comparison of managements performance a must - its often repeat itself -
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