Regardless Of Price, Gold Investment Demand Increases On Rising Market Uncertainty

Global gold investment demand has increased due to rising uncertainty in the financial markets and the unpredictability associated with a new Trump Presidency.  Not only has gold investment demand surged this year, sales of the U.S. Mint Gold Eagles spiked the day after the U.S. President election.

Interestingly, the current price action in gold and silver seems to suggest that market has no need for top two precious metals.  While the gold price spiked to almost $1,340 late Tuesday night when Trump began to lead in the Presidential election, it has continued lower to $1,226 on early Friday trading.

gold-price-chart

The gold price chart above shows the huge spike during early morning trading on Nov 8th.  Of course, gold was behaving exactly as many in the gold community forecasted if Donald Trump won the Presidential election.  However, later that day, the broader markets rallied into record territory while the gold price continued to fall.

On the other hand, as the Dow Jones surged 500 points to a new record over 18,800 points, the oil price continues to weaken.  In just the past three weeks, the price of West Texas Crude is down 16% from $51.5 to $43.5 today:

wtic-oil-chart

Normally the broader markets ride higher on the strength of the oil price.  Not this time around.  Furthermore, the base metal prices tend to follow the oil price.  However, the copper price doesn’t seem to care about fundamentals anymore as it skyrocketed higher over the past three weeks:

copper-chart

According to a Zerohedge article, Copper Is Having Its Best Week Ever As Chinese Speculators Run Amok (Again):

Copper has never, ever, risen at such a torid pace as this week. Blowing away any week’s performance of the last 30 years, copper futures are up almost 20% as hopes for US President-Elect Trump’s infrastructure spending extended its winning streak to an unprecedented 15 days in a row (up over 28%).

The price action in oil, gold, copper and the broader markets no longer make any sense whatsoever.  This is due to the massive intervention by Central Banks.  According to another article by Zerohedge, Central Banks Intervene, Scramble To Halt Emerging Market “Carnage”; Futures Slide:

However, after another night of a soaring dollar, the market no longer ignored the EM FX carnage, and overnight central banks from India to Indonesia stepped in to stabilize their currencies and the yen snapped a five-day losing streak as an Asian market selloff deepened on concern Donald Trump will pursue policies that spur capital outflows from developing economies and weaken their exports

“We are seeing carnage in Asian FX markets,” Robert Rennie, head of financial markets strategy at Westpac in Sydney, echoed our commentary. “It’s providing a very strong reminder that the S&P 500 is not the correct barometer of Trump-driven risk aversion — it’s Asian currencies.”

Basically, what the article is saying is that the strong U.S. broader stock markets aren’t a real barometer of a Trump Presidency, it’s the Asian currencies.

The situation in the global markets will continue to disintegrate not because of the impact of a Trump Presidency, rather due to the collapsing oil price and production going forward.  While Donald Trump states he will make American great again, it will take a lot of energy to do it.  Unfortunately, President elect Trump does not understand that the U.S. and world do not have the cheap and abundant oil to fulfill his lofty plans

That being said, the one positive aspect of a Trump Presidency, is the threat of a war with Russia has greatly diminished.  I got a kick out of watching the anti-Trump protests because these people (for the most part) have no idea of how bad the “Establishment Party” would have been under a Clinton Administration.

I am not going to get into politics here, because most people will FOAM OUT THE MOUTH based on superficial and incomplete information.  It is impossible to have an intellectual debate on politics, because the whole idea of politics today is to misinform the public with propaganda and lies.

Again, the one positive aspect of a Trump Presidency is that he will likely reduce the Russian and Syrian war threat.  Normally, I don’t watch the Mainstream media, but I did for a few nights during the Presidential election.  To watch talking heads on the MSM state that Trump supports a dictator like Putin, goes to show that the U.S. media no longer reports the news.

Any American who would take it upon themselves to do a few hours of research on the internet, would find out that it has been the United States, not Russia, that has been more to blame for most of the hostilities in the Middle East, Syria and Ukraine.

Enough time wasted on politics, let’s take a look at the increase of gold investment demand in 2016.

Gold Investment Demand Increased This Year, Especially The Day After The Trump Election

According to the data put out by the World Gold Council, global gold investment demand increased to 1,390 metric tons during the first three-quarters of 2016 compared to full year 2014 and 2015:

global-gold-investment-2014-2016

Basically, total global gold investment for Q1-Q3 2016 is already up 50% compared to last year.  This is due to increased Gold ETF demand which is 725 metric tons (mt) for the first three-quarters of 2016 versus an outflow of 128 mt in 2015 and 184 mt in 2014.

I understand that the World Gold Council is not reporting all gold investment as Koos Jansen explained in his excellent article, The Great Physical Gold Supply & Demand Delusion:

Gold supply and demand data published by all primary consultancy firms is incomplete and misleading. The data falsely presents gold to be more of a commodity than a currency, having caused deep misconceptions with respect to the metal’s trading characteristics and price formation.

While I agree with Koos that gold is being valued as a mere commodity instead of real money or a high-quality store of value, the increase in gold investment demand at least gives us an indicator that the situation in the gold market is changing.

For example, the U.S. Mint sold a stunning 15,000 oz of Gold Eagles the day (Nov 8th) after the U.S. Presidential election:

gold-eagle-sales-nov10th-2016

In one day, the U.S. Mint sold a third of the Gold Eagle total sales for the month of November.  This one day Gold Eagle sales of 15,000 oz is preview of the massive demand to come in the future.

While the gold price has been knocked lower the past few days, this is not at all an indicator of its real value.  Nothing makes sense anymore in the markets as Central Banks scramble to deal with the increased volatility in the currency markets due to the election of Donald Trump to the White House.

The situation in the global markets will continue to disintegrate as the price and production of oil continues lower.  This will totally destroy the ability for any government to paper its way out of this financial mess.

Owning physical gold and silver will turn out to be the best investment going forward, even though the current price action suggests otherwise.

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46 Comments on "Regardless Of Price, Gold Investment Demand Increases On Rising Market Uncertainty"

  1. Steve,

    I find it odd and interesting that the mint sold 15,000 gold eagles and yet Stanley Druckenmillar sold his total gold allocation and someone dumped 8 mt of gold on the market. Was the 8 mt Druchenmiller’s or was it a separate transaction?

    Having a hard time reconciling the two disparate actions.

    SteveW

    • SteveW,

      Stanley Druckenmillar is typical of the LARGE TRADER who has no clue of what he is doing. This reminds me of Kyle Bass (his fund made a killing shorting Mortgage Backed Securities), who has doubled down his bets on the U.S. oil industry. What a FRICKEN TURD of a investment strategy that will turn out.

      Now, there is a slight chance that if the U.S. Govt under Trump bailed out the entire U.S. Oil Industry, Kyle Bass could turn out to be correct on his energy bet, but I highly doubt it.

      The world is completely losing control. This can all be blamed on OIL & ENERGY.

      steve

      • A slight chance of bailing out big oil? You’re getting warmed up Steve.

        Joking, we’ll see. Thanks for what you do.

    • Druckenmiller is a paid scapegoat. An excuse for dumping billions of paper gold within a few minutes.

      How can that be? Oh, it was Stanley, the brilliant ‘investor’ and not the BIS commodity trading desk. Forget politics, and forget about paper shenanigans. And keep stacking.

      • The Cubs won the World Series; It’s safe to assume that Hell has actually frozen over….meaning ANYTHING can happen now.

    • Lost in this discussion is the critical point that nobody is being identified as the culprit behind that massive stomp in the POG on Friday. Who the hell dumps $10 Billion Dollars worth of gold in a matter of moments?

      If Trump means to restore some credibility to the nowadays-glib notion of Rule of Law in America, then these sorts of shenanigans need to be investigated and exposed.

      • Who? HFT-algos, speculators, and for the most part naked shorts that do not own a single gold coin or bar. This will stop only when the CBs of the West cannot or are not not willing to part with whatever gold they still have left and start buying their leased-out gold back. When that is, is anyone’s guess, but it will happen. China is making sure that yellow BRICS are heading East en masse, not to return for a loooong time.

      • “If Trump means to restore some credibility to the nowadays-glib notion of Rule of Law in America, then these sorts of shenanigans need to be investigated and exposed.”

        trump will make your gold investment great again?

  2. Hi Steve,

    Another precient & well written article – your my first go to website now with zerohedge a close second.
    Keep up the good work !

    Best wishes,

    R.Marsh
    United Kingdom

  3. Steve

    You say that “the copper price doesn’t seem to care about fundamentals anymore as it skyrocketed higher over the past three weeks” I read your previous article that copper are in trouble therefore copper mine closed. Silver as a by product of copper mine will output much less. At this point what do you expect the supply of silver and copper in the near future?

    Thank you for your attention!

    JamesHK

  4. I am not a US citizen but I live there and the UK a lot because I trade commodity futures and don’t like the late nights in the southern hemisphere so I have no bias on the election.
    The right in America are supposed to be for fiscal responsibility yet Trump’s fiscal announcements would make Bernie Sanders appear like Ron Paul.
    Big spending and lower taxes is a recipe for disaster and the right are raising their fists into the air with glee.
    If Obama had done what Trump proposes the right would have been spitting blood. Yet Trump does it and America is great again. What gives? The right had a great candidate in Ron Paul and they didn’t vote for him and along comes a inexperienced idiot who has a track record of financial irresponsibility and loves debt and everyone is celebrating.
    I fear this is not going to end well.
    I made a lot of money last night shorting gold and silver but I did not feel good about it, especially with an eye on the bond market. Shorting is not an option in most people lives and I fear for them.
    His statements about energy and global warming means that just when the world is about to slip into an EROI catastrophe the US has a complete idiot at the wheel.
    And to cap it off there are rumors going around that Trump wants to appoint Jamie Dimon to treasury secretary. WTF!!!!!

  5. ‘Money’ ; its underlying value can never do justice nor appreciate. It is only an intermediary, and thus needs to be able to fluctuate. Not only in office, but certainly in perception.

  6. Steve

    Another good one… for some of the comments. Copper mining is responsible for 25% of the silver supply. The price action has not turned me bullish on copper–yet?

    Infrastructure could get the velocity of $$ moving as “work projects” take labor and could spill into a better “feeling” about the economy.

    This would not change any of the reality you discuss. Did read the big oil article you wrote while I was in Germany. It really defines the timeline and so few can see it.

    Off to SF for the Silver and Gold Summit. Mood will probably be low due to today’s price action. Will refer them to this article.

  7. Real Concern.

    The Indian government banned the use of their 500 and 1000 rupee currency notes.. These are the most widely used Indian currency denominations and represent the vast majority of cash in the country.

    Almost immediately the Indian physical gold market responded with a gold price that skyrocketed to a little over $2,200.00 USD per ounce! Demand for physical gold still remains at a stampede level, even at these elevated prices, if you can find it!

    This represents two irrefutable facts. The war on “cash” working towards a cashless society, is still alive and making headway. Secondly, this begins to represent a more reality based price for gold, as physical supply dries up in a country noted for it’s gold value savvy population.

    The smash down of the paper price for gold this morning, was due to “someone” dumping $10 billion of gold futures onto the market floor. Do not be fooled by the current “paper” price of gold. It’s “reality based” price is much higher. Just ask the Indian’s!

  8. And silver tanks $1,40 today. That’s about 7.5%. So much for all you guru’s who flatter yourselves with useless information and forget supply/demand dynamics. No one is buying the stuff. Demand isn’t there. You must hope for a monetary or economic collapse to move silver up. But, the USA is resilient. There is always a sharper mind out there especially in the USA that will move the off shore cash into the USA. When the economy grows a collapse becomes less likely. Most of what I read here doesn’t affect silver spot as you can see today. Silver is not moved by oil price and they will solve a way to use coal more
    efficiently.. These insights of peak oil and EROI are good into the 2030s to 2050s and that may change when our innovators put their minds to alternatives.

    • Joe Lindell,

      I would have been completely surprised not to see you here today. Thanks again for leaving such a wonderful, thoughtful, insightful, compelling and original comment.

      I wanted to ask you this…. how do you time and time again, come up with all the original comments??

      steve

      • Thanks to insights from you, Butler, Morgan and Cloud, those who listened to your articles
        have this as your record. 2010 silver spot average was $20.39 plus $3 premium for Silver
        Eagles. Those who bought that year lost 35% so far. In 2011 at $35.12 +$3 premium those who bought lost 50% of their investment. In 2012 those who bought at $31.15 +$3 premium
        lost 44%. Instead of you gurus telling your readers to buy in 2020 or so you made it appear
        that they should buy now. 2013,2014,2015 are just as lousy. You see Steve any analyst that can’t project what is going on in the coming year is nothing more than a guesser but making himself a guru. If any of these buyers since 2010 need to sell silver for money
        they need they’ll lose 40% plus. And if they would have invested in a lousy corporate 10 year note they would have 25% more money today to buy silver. All of your analysis has
        not matured. I keep telling you all of your physics is 10 to 20 years out.

        • ” If any of these buyers since 2010 need to sell silver for money they need they’ll lose 40% plus. And if they would have invested in a lousy corporate 10 year note they would have 25% more money today to buy silver.”

          looks compelling and original to me.

      • Joe is here to keep us honest. Nothing wrong with someone who thinks silver is joke investment. He actually has the facts on his side. I’ve been investing in silver bars and coins since 2003. With the exception of about 12 months leading into the top in May 2011, the whole experience has been miserable. Now the run up to nearly $50 was very exciting, don’t get me wrong, however, it pales in comparison to the misery of the last 5-yr bear market.

        Will the next 5-yrs be like the past five? I certainly hope not, but someone telling us we are foolish for buying silver has a lot more history to back up that claim than the bulls. Also, how is it that after a brutal 5+ bear market not one silver miner has gone out of business? In fact I believe one of your articles stated 2015 was a record year for silver production. 2016 will been worse forprice and production will probably be up from 2015. It is beyond frustrating. When does production go down? At what price?

        • “someone telling us we are foolish for buying silver has a lot more history to back up that claim than the bulls.”

          not foolish. just wrong. for 2008->2010, buying silver was very sensible. but when it dropped from 45 to 30, to continue buying silver was obsessive compulsive. and when it became obvious that the price of silver was being set not by any market demand but by SLV, the whole “silver-as-infestment” deal went out the window.

          “When does production go down?”

          when business interests are no longer able to pay for production – whenever that is. and remember, infestment for “end-of-the-world” purposes does not count as a business interest.

  9. Nothing is making any sense anymore, you got that right. And no, I’m not referring to any elections.

    The Sun now rises in the West & sets in the East.

    In fact, I believe now the Sun rotates around the Earth, instead of Earth around the Sun.

    Laws of gravity, electromagnetism, radioactivity, none of that applies anymore. Today’s financial markets have defeated all of them & have invented perpetual machines that will magically fill supermarket shelves, for those who want to shop while taking a break from rioting on city streets outside. And they can go home after a day of rioting to watch themselves in news coverage about riots on big screen TVs & sing Kumbaya while consuming those goods they shopped!

    In the immortal words of Bob Dylan:

    And then they died happily thereafter!

  10. Hello… It is November 12th… 49 days before Silver has to hit $50 in 2016. Why did you say that silver will break $50 in 2016?

    • Stephanie,

      I don’t put price targets on gold or silver. Anyone who does is a complete fool. Unfortunately, some sites that carry my interviews or articles make their own titles including price forecasts. I have no control on that.

      steve

        • Stephanie,

          Did you read the first two paragraphs of that article? If not, here it is again:

          Future Money Trends believes silver could break $50 in 2016 due to three reasons. They put together this short video detailing the reasons why the market could see a breakout in the silver price. Will it happen? That’s a good question.

          While I believe the value of silver will surge in the future, it’s hard to determine the timing of this event. That being said, Future Money Trends puts together high-quality interesting videos with a lot of good information and data. I highly recommend watching this video and it contains valuable information about the silver market and industry.
          ———————————

          Stephanie, please read the HIGHLIGHTED BOLD part of the first two paragraphs.

          steve

          • I found, admire and return to your site because of you work on energy.
            What I don’t don’t understand is this obsession with the price of gold and silver many of your readers have. Gold and silver are a hedge against currency yet people get fixated by the amount of currency they will fetch.
            I save in gold and silver because I know it will always be worth something and do others things to make currency.
            Some people seem to treat them as a lottery ticket to make more of the thing they are supposed to be hedging against.
            Your site is my first experience of these people and I think they are a little confused about what gold and silver are.
            And to hold an energy expert like yourself to price targets that are out of your control is plain ridiculous.

          • Barry,

            Agreed. However please read my comment below to Lore:

            Prior to understanding the “Thermodynamic Oil Limit” and the Hills Group ETP Oil Model, I thought the prices of commodities were based on cost and supply and demand. Now, I understand that the main factor is COST. While supply and demand has some impact on the price…. it only does so to move it up or down a bit off the MAJOR COST PRICE TREND. Thus, the price of a commodity is based on its cost. Supply and demand only adds a little volatility up or down that COST TREND PRICE LINE.

            While most people in the precious metals community argue that the BANKERS can put the price of gold and silver anywhere they want, THAT IS PATENTLY FALSE. The price of gold and silver must remain close to its COST OF PRODUCTION TREND LINE. If the price of gold or silver was pushed say, 20-30% below its cost of production, the traders would come in and buy it up like mad.

            That being said, what the BANKERS are doing is keeping the public’s EYEBALL off the precious metals “STORE OF VALUE” properties. By the Fed, Central Banks and their Commercial Banking counterparts propping up of the entire market with massive amounts of monetary liquidity and debt, they have INFLATED the value of most paper assets and real estate, while DEFLATING the value of gold and silver.

            Again, they are not holding down Gold and Silver’s “Commodity Pricing”, but rather their “Store of Value” properties. Most people do not understand the difference.

            The reason the value of gold and silver will rise in relation to most other assets is due to their STORE OF VALUE and HIGH QUALITY LIQUIDITY. When the price of oil continues lower along with production, the value of Real Estate will head down into the CESSPOOL. Which means, most real estate will sit idle, unable to find any bid. Thus, most Real Estate will not be LIQUID, or salable. This will be true for many other paper and physical assets.

            People do not understand that ENERGY gives value to most things. When we remove energy from the equation, the value of these things PLUMMET. However, gold and silver are different because they have been a STORE OF VALUE for other forms of energy and human and animal labor for thousands of years.

            While this is not a guarantee, the movement of investors out of Real Estate and paper assets will make the value of gold and silver rise to levels even I can’t imagine.

            steve

          • “Did you read the first two paragraphs of that article?”

            heh. I’m still tracking the same thing stephanie is. you put it up as a headline on your blog, you own it. besides, like I said before, your own predictions are much higher – a brief perusal of your headlines this year suffice – so you may want to stick with the $50.

    • Estefania: Are you trolling Steve, It takes 5 seconds to find out he is right about the article you so fevereshly mention

  11. Hello Steve,

    I am struggling to reconcile the supply-and-demand and bankster-driven thesis for a spike in the prices of oil and gas with the thermodynamic case for a prolonged slump. I suspect that the difference has to do mainly with time frame, not a conflict in underlying premises. That said, I would appreciate you touching on this again if you get an opportunity.

    Sincere thanks for your blog. I hope you are receiving the support that your work deserves.

    • Lore,

      Prior to understanding the “Thermodynamic Oil Limit” and the Hills Group ETP Oil Model, I thought the prices of commodities were based on cost and supply and demand. Now, I understand that the main factor is COST. While supply and demand has some impact on the price…. it only does so to move it up or down a bit off the MAJOR COST PRICE TREND. Thus, the price of a commodity is based on its cost. Supply and demand only adds a little volatility up or down that COST TREND PRICE LINE.

      While most people in the precious metals community argue that the BANKERS can put the price of gold and silver anywhere they want, THAT IS PATENTLY FALSE. The price of gold and silver must remain close to its COST OF PRODUCTION TREND LINE. If the price of gold or silver was pushed say, 20-30% below its cost of production, the traders would come in and buy it up like mad.

      That being said, what the BANKERS are doing is keeping the public’s EYEBALL off the precious metals “STORE OF VALUE” properties. By the Fed, Central Banks and their Commercial Banking counterparts propping up of the entire market with massive amounts of monetary liquidity and debt, they have INFLATED the value of most paper assets and real estate, while DEFLATING the value of gold and silver.

      Again, they are not holding down Gold and Silver’s “Commodity Pricing”, but rather their “Store of Value” properties. Most people do not understand the difference.

      steve

  12. Steve,

    I would like to share my humble understanding regarding Energy and EROI, hopefully I get some feedback from you.

    In theory, solar energy can replace oil. It is gaining momentum but not as expected because of the energy storage problem. Once you fix the energy storage problem and come up with a medium to store the same energy density as oil, the solution is solved.

    Solar energy is bounded by manufacturing cost, while oil is bounded by resource cost. Mathematically speaking, as you increase production in both techniques, oil production will experience exponential cost increase as proven by the ETP model, while solar energy will experience an exponential cost decay. From this simple fact, solar becomes a no brainier. And theoretically, energy cost will tend to zero as production increases. ultimately energy will become free.

    We know for a fact that batteries can never replicate the storage energy density of oil, and will never be economical. But the energy captured from solar can be converted to liquid energy like oil through photosynthesis . Essentially you are replicating mother nature’s process when it created oil.

    The current world oil consumption per year is equivalent to 400 years of mother nature photosynthesis of biomass. The question now becomes, can we speed up the photosynthesis process to get to a point where the world will have a sustainable energy stream?

    IMO, it is doable. Essentially batteries will not be crucial anymore and that is where silver becomes the most important element on earth because of it’s physical properties (most conducive for heat and electricity). I believe it will become indispensable to develop the technology that will speed up the photosynthesis process.

    My point here, silver store of value will be driven from its physical properties and not from the declining EROI.

    What you think?

  13. Sort of off topic.. I was considering the recent spike in copper. It could all be part of the market forces realigning after a Trump victory. It might also be the beginnings of asset hoarding by other entities aware of the probable EROI conundrum. We could be seeing asset hoa ding and investments that require large amounts of invested energy to produce., knowing that mining and other high energy endeavors will at some point fall off a cliff. Could also be why we see nations like India installing solar panels that don’t make financial sense. In the future the deployment of these types of technologies on a large scale will be impossible. China, India, and Russia could be preparing for a low energy world. Some examples: Russia investing in organic farming, nuclear energy. I see China hoarding copper, oil, steel, and buying productive farmland on a global scale. India is investing in Solar energy, gold, etc.. maybe these nations understand where we are headed and are trying to prepare without alerting the herd.

  14. Great article Steve,

    The equity markets are out of sync with the real economy and like any pump and dump scheme. There’s the pumping part where everybody go crazy, valuations are through the roof and the only way they are increasing their EPS is with share buyback and no capital investing to make the FCF look good, but just you watch when the dumping begin. TSLA, Facebook, Amazon, Oracle and all those insane P/E through the roof ratio maybe Apple and Google to a lesser extent. We’re going to see a huge amount of equity blown out of the water. Any plunge in the USD value will prop up gold like there is no tomorrow.

    IMO it’s all about who has the higher ground when everything will start to go down.(I’ve not been bullish on equities since 2010, even thought I made money on trading equities).
    So once the bond and equity give what option are we left with? Real estate, PM(stocks / physical, cash). Let’s not go into zombie apocalypse scenario

  15. Just remember to everyone that frequents this steves blog everything is relative.. if you had a 1000 silver eagles which are legal tender of one dollar but ask yourself what could that buy you in 1885? I’m assuming you would be a fairly wealthy person

  16. “Gold Investment Demand Increases”

    and wow, look at the price drop!

  17. Let me come out of the wood work … have you seen silver today?
    Rocco you might be right on EROEI but not on the timing … if this is the case those who are following your advice blindly will be in a world of pain

    • DisappearingCulture | November 15, 2016 at 9:44 am |

      timing of EROI, or timing of silver priced in dollars, as he has made no predictions there

  18. If I had a dollar for every false prediction , loony analysis , and negative result , as to the actuality of gold and silver price outcome , I would be able to have accumulated a pretty hefty sum by now !

    Steve , your title ” Regardless Of Price, Gold Investment Demand Increases On Rising Market Uncertainty ” helps to describe pretty much all that we have to go by , namely uncertainty !
    If you go back to 2008 when the bottom of the financial floor all but dropped out from under the very institutions that were supposed to avoid that from happening , you will be able to begin to understand truth from fiction.
    The truth of the matter is that the true price of PHYSICAL gold and silver will not reveal themselves until manmade versions and controls over the metals no longer are important. It has become perfectly clear that there is not enough strength in the physical metal camps to provide for an otherwise different outcome.
    Most of what is said by the so called experts is wishy washy and nonsense which when studied close enough leads to hidden agendas of selling something for gain.
    Steve , your definitions based on EROI speaks of an all together different tone and direction to me. One which aligns itself to an unexpected turnout when and should it happen , namely the depletion of oil which goes to fuel energy for pretty much all that our world relies on.
    No matter how hard the central bankers , wall street , the elite , globalists , so on and so on , try to steer anything $$$$r’s to their holiest of holy (at least in their minds ) meaningful ends , there remains one rule under the law of physics which will forever be an underlying truth. For every action there is a reaction !
    The surfacing of the 2008 upheaval showed all of us that and it will some day , maybe soon return with a vengeance !

  19. DisappearingCulture | November 15, 2016 at 9:46 am |

    I think this article, and the comments, are worth reading:

    http://investmentresearchdynamics.com/guest-post-human-derivatives-and-gold/

    • DisappearingCulture,

      What you are referring to surely is shocking . On the other hand if Steve- SRSRocco’s series of circumstances unfolds as he has so many times gone over , in the timely manner which he has stated of 5 years all bets are off . Even for the evil doers.
      They themselves will be without the creature comforts to the degree with which we all enjoy and take for granted present day. Oh well ! Lights out ! Pitch forks and kerosene torches will come in handy though !

Comments are closed.