That's today's price for 1 oz. American gold eagle.
A simple to understand concept... When gold increases in value, it means the dollar is decreasing in value. It's still an ounce of gold - nothings changed there - it just take more of these less valuable federal reserve dollars to buy it.
Today's stock market closed at 7114.78.
They tell us it's because Americans have lost confidence in the market. Wrong. It's because Americans have lost faith in the market. There is a huge difference between the two. Confidence you can recover, but faith? Once that's gone, it's gone.
Three times in as many decades Americans have seen their retirement accounts get shredded by Wall Street, and as the saying goes... third times the charm.
The real floor for the Dow is around 4500. That floor is created by the few individuals and institutions worldwide that own millions and millions and millions of shares. They never sell. They just sit there, raking it in, as billions of dollars go into 401K's and the like, inflating every stock in existence. As Joe Average takes his retirement money elsewhere, these Wall Street titans watch in agony as their stocks return to their real value. They will eventually see stock profits only when the companies represented by those stocks actually make a profit. What a unique concept!
Getting the average worker to re-invest his cash into the wall street machine, the world's greatest pyramid scheme, may now be hard indeed, since even the hard-headed and ignorant eventually see the light.
You still want to put your money into stocks? OK, pick out a company that you think is going to prosper, and go directly to them and buy company stock directly from them.
Risky? What the hell do you think Wall Street is? 98% of all "investors" in Wall Street are guaranteed to lose in the long term, the exact opposite of what you've been led to believe.... That's the numbers. And if you think it's by accident, you should not be allowed to handle money.
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