What's Going To Happen To The Price Of Gold And Silver In Such Troubling Times?

in #news7 years ago

As more war brews in the middle east what does this mean for the gold and silver sectors?

With so much turmoil in the middle east right now at the hands of the US, UK and France as they attack Syrian President Bashar al-Assad many people are looking to cryptocurrencies and/or gold and silver as a hedge in these troubling times, but what will an escalating war in the middle east mean for the price of gold and silver?

In this video

Dan Dicks of Press For Truth speaks with Keith Neumeyer of First Gold Mining about this current situation as well as his gold and silver companies that are aiming to make share holders more comfortable with their assets being held in safe jurisdictions.

To learn more from Keith visit:
https://www.firstmininggold.com

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It’s gunna go up just a matter of time!

Ofcourse it will rocket any commodity price against USD
Because people find them safer to invest than the currency which its tax payers as its economy motor drive, are paying debts made by war.

Another question is, will be there any world to live after a war to enjoy the growth you had made?! I hate war!

Great interview, interesting company.

Gold has not always been the Ultimate Currency. Gold has always been a Commodity that was always affected by supply and demand like all commodities. FIAT, on the other hand, doesn't devalue by the very fact of printing more of it, it can actually have quite a stable "value" as the Steem whitepaper points out. To boast that the market is small only shots up red flags for the obvious pump and dump that they are gearing up in this "change" from fiat to gold.

Many people still believe that we had a "gold" standard and that you could redeem your dollars for gold, but that has NEVER been true, ever since the first gold back dollar issued by the 3rd Congress. The reason why we went to war for Independence was because we were forced from "fiat" money, called colonial script that was issued by each one of the colonies, under the genius of Franklin, into the poverty-ridden pre-revolution times which were a direct consequences of not enough Gold coins to pay for labor and goods. The issues are stability, and you cannot have stability from a Minable Resource that could devalue the entire supply by any chance discovery of a substantial supply which is what marked numerous gold rushes all over the world and which devalued the commodity in turn.

The real change that this shill is selling gold as is not "real value", you cannot eat gold, you barely can make use of it for decoration as it has no structure or indispensable characteristics what so ever for technology itself, it only carries its value based on the pumped up shilling that has predated it forever, the entire history of Gold Coins, over 4000 years is riddled with numerous counterfeiting by those in charge of issuing gold who would issue fake ass coins and hoard the real gold, and this plague never ceased. It was the Goldsmiths who actually invented fractional reserve banking from the very fact that everyone who was using gold was inconvenienced to carry around because of how heavy it is, especially in substantial amounts and the ease of which you could be separated by that Obvious disadvantage so they started doing business in Receipts created on Promises.

GOLD & SILVER have always been money and always will be . Many other metals I would watch too like ZINC , COPPER , and COBALT . Minerals and elements like LITHIUM and WATER . Yup I said water . Look it up . Demand is skyrocketing and sources are becoming harder to find .