Answering A Reader’s Questions About Gold… The Tarot Answers…

Here is the post:

 

Cheryl

Can you please tell me if you see Gold becoming important again in financial affairs – as it used to be before the gold standard was abolished. Thank you.

It’s interesting that you ask this because I have been wondering this myself. I’ve had the intuition that it will not be the same in this new market. I also had a strange dream about a lawsuit against the treasury trying to re-instate the gold standard about a week ago. I’m not sure what that meant. So I’ll ask the tarot…

The answer to Cheryl’s question:

Yes and No.

Having gold will put you in a better position in certain circumstances, but not all. It will not protect a person financially in the way it would have a hundred years ago.

Oddly I get the feeling the market for gold in a depression wouldn’t be very strong as the only real use for gold is in making luxury items like jewelery and the only people that would be able to afford this are the extremely wealthy. While I’m sure you could sell gold for money, and it would help, it will not be enough to protect a person from financial depression.

Basically, don’t put all your eggs in the gold basket. If you have some, it’s not going to hurt, but buying it now isn’t a great advantage.

Hope that helps.

Best wishes to all.

Advertisements
Answering A Reader’s Questions About Gold… The Tarot Answers…

6 thoughts on “Answering A Reader’s Questions About Gold… The Tarot Answers…

  1. Elly says:

    Todd Palin Was Registered Member of Alaska Independence Party Until 2002
    By Kate Klonick – September 2, 2008, 3:25PM
    The McCain camp today disputed rumors that presumptive vice presidential nominee Sarah Palin was ever registered with the secessionist Alaska Independence Party by releasing years of voter registration history . . . but it looks like that doesn’t apply to her husband.

    This afternoon, the director of Division of Elections in Alaska, Gail Fenumiai, told TPMmuckraker that Todd Palin registered in October 1995 to the Alaska Independence Party, a radical group that advocates for Alaskan secession from the United States.

    Besides a short period of a few months in 2000 when he changed his registration to undeclared, Todd Palin remained a registered member of AIP until July 2002 when he registered again as an undeclared voter.

  2. barry says:

    Gold has historically been seen as currency of last resort. Are you saying people in the future would rather have paper money that governments can print at will then gold? I don’t believe there has been a paper currency lasted. How long will the current US dollar last?

  3. zoma777 says:

    No, I understand what your saying, and as I said it doesn’t really make sense. What it looked like was there won’t really be a market for gold and there will be major reshaping of the global economy over the next couple of years, so there will be no historical go to paradigm that applies.

  4. barry says:

    Then perhaps you are seeing gold being confiscated by governments like the US government has done in the past. People would be forced to use paper currencies and thus no legit market for gold.

    I assume you see the same for all precious metals, silver, platinum, as well as precious metal mining stocks?

  5. zoma777 says:

    This is a possibility. I’m not sure exactly why it wouldn’t hold the same value as it would have 200 years ago. I’ll have to look into other precious metals. But wouldn’t this same confiscation apply to silver and or platinum? I’ll try to get to your question in the next couple of days. Thanks for your insight.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s