“Gold gets dug out of the ground in Africa, or someplace. Then we melt it down, dig another hole, bury it again and pay people to stand around guarding it. It has no utility. Anyone watching from Mars would be scratching their head.” Warren Buffet.
From Lemetro “My barber is a pretty sharp guy who can discuss a bunch of stuff. The other day he asked a banker client of his what he thought of investing in gold. The banker said, that would be un-American…., going against your own government.”
“If you tell a lie big enough and keep repeating it, people will eventually come to believe it. The lie can be maintained only for such time as the State can shield the people from the political, economic and/or military consequences of the lie. It thus becomes vitally important for the State to use all of its powers to repress dissent, for the truth is the mortal enemy of the lie, and thus by extension, the truth is the greatest enemy of the State.” Joseph Goebbels
They mouth it down for US citizens while making it a Tier 1 asset for themselves.
Behold! The new Basel lll Tier 1 asset for US Financial Institutions.
The negative propaganda concerning gold, has been, and continues to be, a horrible lie.