(by roguefaction) In the daily build up of the expectations of the baffled and bemused precious metals investor -now constantly whiplashed tween hope and despair -…and wherein the final breakout is always just around the corner – according to this GOFO reading, or that BACKWARDATION statistic… – we see something akin to this poignant Ecstasy of Gold clip from my favorite “Visual Guide to Holding Gold in the West!” A runabout ritually re-enacted… by your modern species of treasure hunter… through a field of schemes… and the inevitable agony that follows!
HOLDING THE METALS IN A POST-WESTERN WORLD “THE ECSTASY OF GOLD”
PART TWO OF THE BARBAROUS RELIQUARY SERIES
Part One of this series promised a later “examination of the interlocking network of hopes, prayers, assumptions, and demands by which the [western]gold\silver community staves off that cold, measured re-appraisal of their situation”… to be done in the manner of Hermes, messenger of the Gods to the Greeks of antiquity. Your ‘average Joe’ need not be unnerved by such an approach… after all, as the creators of coinage like the Electrum stater pictured here, the people of those ancient times had ideas of importance to anyone in the present who wishes to understand what the precious metals really mean to humankind.
Simply put, hermeneutics is the study of ‘sacred texts’ with the aim of interpreting their meaning via appraisal of the background and context in which they were written. There are, of course, no ‘sacred texts’ to reference when studying the mind of the metals meister… although there may be many a ‘sacred cow’ precious to those who approach the subject of owning the metals with the passion of the religious zealot! Likewise, there are no scholarly qualifications necessary for driving that herd of hoary hogwash to market, for the close inspection of potential buyers.
All that is required is a position not too close to, yet not so far away from the psyche of the precious metals holder. You aren’t going to grasp that critter by using a set of calipers to measure cranium size… it’s necessary to crawl into the interstices… and learn to ‘think like a gold/silver bug.’ By chance or design, I’ve had the opportunity to do just that… and get out alive, the better for it! Over the past few years I’ve plugged into enough blogs and forums which cater to metals investors to get a good sense of how they think – and why they think it.
It is in the flow of commentary on those sites where the textual material for this exegesis can be best studied. What I’ve noticed is that those whose ultimate strategies and rationales seem the least well thought out often have the loudest of voices – and use them with depressing frequency to drown out all others! While their passion for their pastime is admirable, it seems to involve a triumph of faith over reason. But it’s not just the resistance to dispassionate analysis that is the mark of this self -endangered species. What’s far more interesting is the degree of investment they seem to have in preventing the rest of us from the public pursuit of that careful fact checking which they disdain for themselves. For some reason, it seems, thinking through what the future may hold for metal holders, -by way of testing out the assumptions & assertions common to their kind, is nothing less than a heresy worthy of excommunication!
It’s easy to understand this ostrich-like attitude on the part of those already invested in the metals – the recent dip in prices dictates that exit would be painful, and besides, alternative investments are decreasingly worthy of interest. For them, sticking one’s head in the sand may indeed be the only way to travel. But dissecting the follies and foibles of that strange subspecies is not reason enough to go through this exercise. Rather, it’s simply because there are so many people who could benefit from the opportunity to consider the merits of the metals, without all of the hype and histrionics that have become the norm of this small community. Indeed, I think it overdue to override those who militantly oppose the checking of their own presuppositions, so that both those already committed to the metals, as well potential investors, can do just that!
As part of a personal investment strategy which anticipates an end to the current debt-based dollar system happening sooner rather than later, I own physical silver and gold. I’ve done as much as I can to prepare for that end game, probably as much as anyone has been able to do, relative to their resources. But truth is, no one really knows what unfolds after that event. What’s become apparent to me in the interval of waiting, is that many of those who hold precious metals – with a view likewise – to protecting themselves from economic turbulence, have a far different regard for factors which can affect the security of that investment than I. So different in fact, that I’ve sometimes wondered how to account for it. Ergo, this series!
After all, there’s not likely ever been a time in human history when a person of means did not regard investment of their savings as a matter worthy of much ‘due diligence’. In deciding whether to take a share in the upcoming seasonal caravan to points far East, the potential trader/investor of ancient time was well advised to seek out the latest word on who controlled the passages, and how light or weighty were the excises levied along the way. Likewise, the medieval investor with the means to take a share in the profits(and risks) of a sailing to distant ports, would have gleaned all they could about the threat of piracy, or the reputation of the captain involved. As always, the risk of capital requires the collection of all available intelligence before proceeding. That maxim has never changed in millennia, but in times of war, or socio-economic malaise, it’s been doubly true!
That’s why it’s so puzzling, in this age of globalized markets and instant information, to behold the precious metals market, and the psychology of its investors. Here, a narrative more suitable for the romance novel takes precedence over the mundane duty of data collection and interpretation – making investors blind to a world of potential perils – any one of which, in the past, would have dictated caution, and deeper examination!
In the daily build up of the expectations of the baffled and bemused precious metals investor -now constantly whiplashed tween hope and despair -…and wherein the final breakout is always just around the corner – according to this GOFO reading, or that BACKWARDATION statistic… – we see something akin to this poignant Ecstasy of Gold clip from my favorite “Visual Guide to Holding Gold in the West!” A runabout ritually re-enacted… by your modern species of treasure hunter… through a field of schemes… and the inevitable agony that follows!
Life can be cruel for the unwary! It might therefore do to ask ourselves the question… Who… is Arch Stanton?
Are we searching for a reliquary of those objects sacred to our lives and well being…or digging up the dead bones of another phantasm of the manipulators? Metalheads(of the precious metals kinds) needs know that it’s much easier for a METALHEAD BAND to reenact a Morricone soundtrack than it is to do the careful spadework necessary to find out where the ‘main chance’ lies!
The perceptive and well connected European energy analyst Andrew McKillop has recently focused on the psycho-social underpinnings of how people and cultures respond to change – technological and otherwise. In adapting to the loss of old ways of handling things, and to bridge the chasm of uncertainty, they often resort to creating comforting imitations of things of the past. In his Skeuomorphic Culture we can very much see the nostalgie of the pm bug. Hankering after past ways is indeed a normal human trait. One can have every sympathy for those who would choose, if they could, to turn the clock back to simpler times! Unfortunately, when cataclysmic change occurs, it makes little difference whether one is reenacting rituals of the past or not. Likewise hoping to save a failing social model such as is the west, by means of a return to gold/silver is a losing proposition
The rest of this series is designed to demonstrate why.
The pervasive narrative of metals mythologists… which is always directed towards the re-creation of a fabled “Golden Age” of the GOLD STANDARD… keeps the sheep suitably sheared… but alive n well enough to be able to continue to believe in their quest for their golden fleece. It is therefore beyond their belief that a putative ‘golden age’ of perfect currency and trade equilibrium – for whatever short time it may have existed -was the creation and creature of the same banking power which figures as the chief ogre in their current, romantically doomed, David and Goliath struggle of “good”[precious metals holder] vs “evil”[bankster dudes]! The same power, in other words, which relies upon the services of a select group of pseudo-historians to maintain the special rose-colored view of reality which, even in the toughest of times…like now.. will keep the flock free of doubt bout who is pulling their strings!
Suffice to say, when and where it existed, in strictly limited times… this GOLD STANDARD of myth n legend was as much the cause of cycles of boom & bust as any of the fiat regimes which have followed. Whenever and wherever usury-debt banking has been allowed to flourish, a concentration of monetary metal in the hands of the beneficiaries of the compound interest cartel allows them to dictate money supply and access to capital both… giving them a chokehold over the lifeblood of economies that require a circulation of trade via the networks of innumerable small scale entrepreneurs who are always the first victims of the deliberate contractions of credit. Those who followed the link provided in Part One here – how to Think like a Bankster – will understand the mechanics of this cyclical process.
By using the sleight of hand of a magical deus ex machina called the “Invisible Hand“ of ‘Market Forces’ to act as ideological counter weight to the real actors in all monopoly capitalist systems -state planned or otherwise – gold backed or not – an army of paid apologists for the non-productive rentier class of society has created a myth of “market capitalism” which runs completely counter to actual free enterprise. Under these conditions, gold\silver cannot but serve their purposes … at the expense of the rest of society. The notion of freeing gold/silver to act as monetary currencies without freeing enterprise from the grip of debt-usury klepto-capitalism is a pernicious and deluded fairy tale.
The ascendance of the state-planned, corporate controlled variety of communo-fascistic hegemony that we are witness to of the moment in all of the formerly “free world” is the harbinger for a collapse of the west which no currency system … hard or soft… has any means of preventing or assuaging. Holding precious metals as a ‘hedge’ to that end game is not much different than using kilo bars of precious metal to ballast a Zeppelin adrift at the mercy of the winds and cross currents of geopolitical change!
There are no ‘laboratory conditions’ under which to run through the various scenarios that can unfold post-collapse. It is possible only to use a reasoned speculation on future probabilities, combined with an examination of patterns from the past, to make an informed guess about how to act in the present moment. For the true believers amongst us however, their prescription for the future –eyes wide shut – starts and ends with the value of their metal investment going higher by multiples, and their lives and property being somehow mysteriously insulated from what might go on in the wider world! I take an alternative pill to that prescription: in the same way that I prefer not to drive at high speeds with my eyes closed, I decline to bury my head to facts about holding gold and silver which may conflict with, or run contrary to the hopes, prayers, wishes and/or demands of those who, in the words of Steely Dan …. already bought the dream. Eyes wide open to the empirical data is the only way to maneuver safely through the coming storm…. and come out, like the Crimson Tide, a winner in this world!
Believers in the consensus precious metals narrative hold in common a couple of articles of faith which I am quite happy to go along with; a) that the effect of socio-economic collapse in all or most of the ‘developed world’ will lead to widespread misery for the majority who are unprepared. b) events such as hyperinflation, and/or deflation, resource shortages, and civil unrest will greatly reduce the chances for most of us to maintain our default lifestyle. So far, so good. We are reading from the same script it would seem. And as I have no quarrel with this part of the story, I have no critique to offer of it.
But it’s at this point that we begin to part company; what follows in the thinking of most of my fellow gold/silver holders seems more based upon hope n spare change than clear analysis, or even reasonable assumption. The third tenet of most precious metals based financial strategies is that c) by holding them, in physical form, the bearer will be insulated from all that affects the society around them. Instead of losing one’s assets to inflation, bail-ins, or government intervention, the westerner lucky/smart enough to have converted their wealth to the metals will –at minimum -have preserved their purchasing power. And possibly see it greatly increased, as metals get revalued against everything else.
In a nutshell, followers of this consensus narrative believe they will be protected from the depredations of the state, and the voracious greed of the financial class. Both of these dangers are diagnosed as being avoidable by holding precious metals, and by staying clear of the banking system. With assets transferred into gold/silver, held at close hand, the move to safety has been accomplished – and liberty preserved. End of strategy. Sounds like quite a compelling case! At first glance.
Of course, there are many permutations to this basic theme. Some will advise you that, after ‘the Great Reset’ things will be looking brighter, the economy finds its feet again, and you’, as a goldbug, will be on top of the heap. Use your stash to “buy real estate cheap!
With the ‘bad’ banksters all rounded up… life returns to its idyllic form… for the happy Scrooge McDuck of the new Golden Age, at least!
Yes, incredible as it may seem… the optimist school is convinced that a return to “honest money” is inevitable – after the bad guys are kicked out, the new gold standard will be ushered in, and all of the evils of contemporary civilization ushered out! Take for example… Bix Weir, who on the basis of an illustrated booklet published by the Federal Reserve, swears that Alan Greenspan is the Magician behind the curtain, secretly fighting for the little guy, with the aim of making a new Yellow Brick Road. Very imaginative, that fellow!
Others, of somewhat darker vision, swear by a complementing layer of further steps to ‘freedom’ from the forthcoming OBAMANATION– from bug out kits to hideout shacks, to full blown compounds with all the survivalist bells and whistles inside as optional add on to the SHTF plan. The pessimist school sees social chaos on the road ahead, and seeks to prepare for it by imaging a personal refuge which will somehow insulate them from all the death and destruction around them. Also very imaginative, if not particularly bright!
But all of these scenarios still completely depend upon the premise that the wealth they’ve stored in metals will be AVAILABLE -AND- USEABLE to the western gold\silverbug, as a daily means of exchange for other wants. If that premise collapses, then the rest of the strategy will be rendered void, and they will be joining the ranks of the penniless campFEMA registrants who never prepared at all. Caveat Emptor dude!
Most, if not all, adherents to the gold n silver bug post-collapse meme believe themselves better informed about their socio-economic reality than the majority around them. In this, they are surely right – by seeking out interpretations of events different from those of the MSM, they show evidence of critical thinking and independence of mind. Yet from that admirable starting point, the ability of the pm bug to continue thinking truly outside the box shows sharp deterioration… and is often accompanied by a psychological slide into a kind of cultic fanaticism which belies the critical thinking that chaotic situations demand of those intent upon survival!
What was initially a wise and far-sighted perspective has become a petty, insular and self absorbed doctrine of faith that bears uncomfortably close resemblance to the mindset of the religious zealot….for whom, as mentioned above, all competing narratives are heresy!
In PART THREE – we undertake the heretical, but manifestly necessary task of deconstructing the myths and legends of the eCONomic dissimulators who the moneypower uses to inveigle the potentially prosperous purchasers of the precious metals into losing their savings, as voluntary tax collectors/bagholders in the new “you didn’t build that” Amerika which the Kenyan and his Kronys have in mind for the formerly free denizens of the once might Republic… and its subsidiary satrapies of the western world!
In the meanwhile… for those who appreciate concision… I leave you with this bullet point list of assertions to ponder…and rebut – as the spirit moves thee!
The destruction of the west is planned… methodical… and so well advanced as to be inescapable. One by one, the motors vital to any living economy are being shut down, and are not now capable of being restarted.
In this regard… A kind of malicious incompetence has been bred into the handling of our financial affairs. The primary intent of this seems to be to punish and/or extinguish any outbreaks of small scale, petit bourgeois enterprise which might still occur – so as to facilitate corporate monopolies’ in the buying up or destruction of those remaining parts of the economy which they don’t already control.
The current state of the technology available to the parties running the above-described planned take down of the western world is already all-pervasive in scope. If you own gold/silver… and have ever communicated the fact in any way to anyone at all –barring whispered backyard conversations – it is now on record somewhere. That most certainly includes supposedly “anonymous” contributions to on-line sites such as this one!
The intent of those in charge of the alleged “governments” of all western nations is to redistribute the wealth of their citizens… in favor of the accounts of those who have bought and paid for their “election.” No stone will be left unturned in the process of completing this wealth transfer… whether by means of taxation, confiscation, or any other method of sequestering the assets of individual citizens… most certainly including outright fraud – a la MFG! Those who believe themselves somehow immune to such a programmatic ‘socialization’ of their hard earned assets are at this point most likely beyond anything I might say to help them. As you might infer… this includes holders of… gold/silver… as well as caches of long life provisions…small scale gardening and livestock operations …and weaponry/firepower of all degrees of magnitude. Any form of personal freedom is inimical to the vision of those who now control the organs of the state.
After just one week of posting on my latest platform for the expression of these decidedly ‘rogueish’ ideas… I have been shut out of my own site – a signal compliment – since it serves as proof of the potential accuracy of the ideas humbly conveyed by your rogueish messenger. The modus operandi is exactly the same as what has happened to some other rogueish bloggers with agendas that challenge TPTB …the site is left up, but the owner locked out… Apparently the subject of gold memes and phony oppositionalist movements has an equal threat value for the string pullers as the exposure of pedophile networks amongst the highest echelons of those I have referred to as “in charge of the alleged “governments” of all western nations.”
Most definitely something to ponder …brethren of the bar n coin.
Till next time!