Top 20 Gimmicks and Lies of Gold Charlatans - 100 pg e-book

Doomsday douche bags and gold charlatans come in all varieties, from smooth talking sharks who claim to be investment experts (despite their lacking credentials), to fruit loops who continue to predict hyperinflation and destruction of the dollar, year after year, even as the dollar soars to twelve year highs in one of the most breathtaking dollar rallies in decades. 

And then there are some who are bold enough to claim they have been in the dollar throughout its historic rise, despite claiming it was confetti a short time earlier.

I have exposed virtually every single one of these con men, idiots and broken clocks.

I have published hundreds of articles, audios and videos exposing these frauds, pointing to their broken clock miserable track records, showing you how they fool their sheep. I have also shown how the media is involved in promoting these con men.

No one else in the world has even attempted to call out the endless lies by this gang of filthy scum bags. 

Think long and hard about that.

 

At this stage I believe it is important to ask yourself why I have been the ONLY person in the world to expose the enormous network of doomsday con men and their scams.

Is everyone else really that naive not to see what is going on? 

Perhaps others who realize these scams are ripping off millions of people simply do not care because it does not affect them, so they remain silent.

The latter situation is more likely. It has been this mentality of "it doesn't affect me so who cares" or "I'm only going to devote my time and efforts towards things which make me money" that has been largely responsible for the decline of America and the emergence of entire industries of con men.

Ask yourself if financial professionals with extensive investment experience such as Warren Buffett (or any other seasoned fund managers for that matter) realize that millions of people are being hoodwinked by the gold scam and all of the lies behind it.

Sure, Buffett knows about the gold con game. I guarantee it.

The question is why Buffett and others who have open access to the media have not come out and exposed it.

Think about that the next time you want to believe that Warren Buffett is a "great guy." 

America is now the world's capital of scams and con men.

The United States of America not only serves as an incubator for great ideas and new technologies. It also serves as the incubator for the latest con artist tactics. Today, America beats out every other nation when it comes to the complexity, volume and pervasiveness of scams.

The most recent scam has been centered on linking gold and silver with various doomsday scenarios. The gold and silver doomsday propaganda campaign has been in the making for a number of years and it has been elaborately engineered.

The charlatans involved have spent billions of dollars in marketing, with thousands of pitch men on their payroll, from Glen Beck and Rush Limbaugh, to Mark Levine and Sean Hannity. This scam has been particularly widespread within the so-called "alternative media" venue, with known liars and charlatans such as Alex Jones, Max Keiser and Jeff Rense giving life to the next generation of con men.

The so-called "experts" behind this scam have become some of the greatest contrarian indicators in world history. Guys like Peter Schiff, Jim Rogers, and Mark Faber are just a few of the guys who have been dead wrong on just about everything that has come out of their mouths. Yet, they continue to receive widespread media attention.

The fact that the media continues to air these broken clock morons addresses the media's role in a much greater scam now one other than Mike Stathis addresses.

No expense has been spared to carry out this grand production because the payoff is enormous to those who are involved in the scam, from 7%, all the way up to 50% commissions on every dollar they convince their sheep to lay down on gold and silver.

Perhaps the best thing about this scam (from the perspective of those who are running it) is that there is NO real regulation of the precious metals industry.

What that means is that it is much easier for all of the players (from precious metals dealers to paid hacks and others) to get away with fraud.

Precious metals dealers can also charge as much as they want. And as long as they keep instilling fear of doomsday into the minds of their sheep, these sheep won't bother to so much as question the financial merits of paying huge commissions for something that is supposed to protect them from the zombie apocalypse. The entire gold and silver pumping movement is a huge scam.

I have previously highlighted the lack of regulation in the precious metals industry as a large contributing factor accounting for large scale fraud that exists.

 

 

 

 

 

 

  

I have also previously pointed out that it is the same people who are against government regulation who are also the scam artists.

You see, they want to be able to scam the public without any threat of government controls or prosecution. This clan consists of "libertarians."

Whenever someone claims they are a libertarian you can be sure of one of two things; they are either a naive sheep or a con man who leads these sheep.

The plot is simple...

First, convince naive and/or unsophisticated individuals that the dollar is headed to 0, hyperinflation is inevitable, your fiat currency will soon be worthless, and the stock market is going to collapse by as much as 80%.

As your main support for these extremely ridiculous claims, you point to the "endless fiat currency printing" by the fed which is certain to cause "hyperinflation," despite the fact that there really is not endless printing and more important, deflation is the problem.

But there's more to the scam.

If you want to create a cult of duped sheep, you need to position some core values that most people embrace along with your scam. For instance, when the neo-con talking heads in the media want to get naive Americans to go along with the inhumane and costly wars in the Middle East, they state that "you are not a patriot" if you don't support these wars.

And when gold charlatans want you to buy into the mythology they have created that supports buying gold and silver, they liken owning precious metals to "freedom and liberty."

 

 

 

 

They also liken replacing fiat currency with precious metals as a way to "defeat the evil bankers." 

 

In order to create the maximum impact for this scam, you must ignore all relevant data (including the current ongoing collapse of currencies) and claim that the ruble, real and yuan will unite to "defeat the dollar's dominance," despite the fact that these currencies have collapsed by more than 70% over the past few years.

And because you have taken the required steps to transform mere sheep into cult followers, you will be able to keep the scam going despite obvious signs that the game is over.

For instance, a few years ago the con men were positioning gold and silver as way to make insane amounts of money.

We saw how that's worked out. Unfortunately, gold and silver are going lower.

 

 

Now that gold and silver have collapsed by 45% and 70% from their 2011 highs, the huge network of gold-pumping, "liberty-loving, free-market-embracing" con men have not only convinced their cult members that the collapse is due to the "evil bankers," they have also claimed that the goal in owning precious metals isn't as an investment but for insurance.

Never mind that it is illegal to make such claims. The cult will continue to drink the Kool-Aid even though it's been spiked to ensure a disastrous outcome.

 

 Jonestown Suicide Tape

 

Of course these sales pitches constitute fraud because the pitch men are selling a product (gold and silver) or are being paid to promote the mythology by others which will lead to more sales of these products based on false information.

But so long as the sheep believe your cherry-picked version of doomsday, no one will complain and the con men will continue to fleece their sheep.

After all, your audience consists of sheep, so they will believe anything you tell them without bothering to do any fact-checking. These are typically the same people who listen to disinfo agents and complete liars and frauds such as Alex Jones.

 

 

In fact, it is by no coincidence that these con men are frequently interviewed by the kingpin of conspiracies and con men himself, Alex Jones.

This large group of charlatans is also interviewed by many other conspiracy, fear-mongering sociopaths, whose only goal is to make money from ads and steer their sheep towards doomsday products offered by their shady sponsors.

 

Even if they attempt to check into things you have told them, they lack sufficient financial, investment and economic knowledge to decipher that you are lying to them. And I have not even mentioned the impact that confirmation bias has on the sheep. The more outrageous the prediction, the more they will buy into it.

Next, position gold and silver as your savior from doom. When the banks fail and all hell breaks loose, your life will be spared during the "zombie apocalypse" if you have gold and silver.

 

Doomsday Preppers

(video has been lost)

 

But you'll also want to include those who are looking to get rich with no effort, so you engineer the classic greed pitch.

The result? 

You position this "opportunity to own gold and silver" as the "greatest transfer of wealth" once the dollar "goes to 0."

That is, you convince your sheep that they stand to win big while the rest of the world loses, including the brightest investment minds and wealthiest investors, who for some reason just don't get it.

Yet, low-IQ , broke chumps, with no real investment experience are onto something that's poised to make them rich because they were fortunate enough to have listened to Peter Schiff, Jim Rogers, Mike Maloney, Eric Sprott and thousands of other con artists and idiots, all of which have been completely wrong.

While those who listened to these charlatans have lost large sums of money, these scum bags have made large sums of money, but not from merit. They have essentially taken the money of the sheep who have fallen for their pitch. 

To further optimize the effectiveness and reach of the scam, you enlist the help of the entire doomsday crime syndicate to echo your message.

It sounds too good to be true because it is.

But the sheep will fall for it if you keep repeating it.

 

 

 

 

 

 

 

 

 

 

The "Greatest Transfer of Wealth Opportunity" Hoax

Finally, attack the "evil banks" and "Wall Street" and preach "freedom and liberty" along with your dollar doomsday message so that you are able to lure in those who are disgusted with the banking crooks as well as those who are easily lured by the "feel good" message.

With a complex production like that, those who have fallen for the scam rarely think about the high commissions they are paying for gold and silver. They focus on buying as much as they can because they are convinced the dollar is headed to 0, hyperinflation is coming, the stock market is going to collapse by 80%, and so on.

This entire series of steps comprising the scam consists of nothing more than several low-level psychological tactics that can be easily spotted by those who are alert.

The entire scam constitutes fraud. There is no doubt about it.

The one thing you will NEVER hear these charlatans discuss is the role of the Jewish Mafia in Wall Street and elsewhere. The reason for this is due to the fact that the vast majority of gold and silver dealers and promoters of precious metals are themselves Jewish.

That's right. We have yet another "solution" being offered by Jews to Gentiles who are looking for a way out of the original problem (Wall Street and banks) which is also under the control of the Jewish Mafia. 

In order to carry out this heist, these charlatans utilize one of the oldest and most common tricks used by the media. I call it the flooding approach. I'm sure it has a formal name in media circles, but I'll label this media tactic based on how it works.

Here is how the flooding approach works. If you get several individuals constantly delivering the same message, most people will accept it as true. This is one of the most commonly used media tricks to brainwash its audience.

For instance, do you remember how the media kept insisting that Saddam had weapons of mass destruction? 

Well, we all know how that turned out. Yet, fast forward more than a decades later and US troops are STILL in Iraq.

The media also uses this approach to reprogram the public when it keeps broadcasts its host of stooges (most of which who are Jewish) to tell you that if you criticize someone, you are a "hater." Of course, this illustrates one of many tactics used to socially intimidate people who dare to speak the truth. 

The list of examples of the flooding approach is endless.

In fact, the basis of the flooding approach serves as the primary element of the manipulation that regularly occurs online; in social media and even in article, video or news comment sections.

For instance, the "thumbs up" indicator frequently seen in comment areas is also used to alter public opinion via social pressures by flooding readers with perceived "consensus viewpoints" while hidding comments that have received "thumbs down." 

Beyond the obvious brainwashing that occurs, people do not even know whether these results have been manipulated. In many cases they have.

 

 

 

 

 

This giant wave of deceit and fraud features numerous conferences, events and other platforms created specifically for the purpose of advancing the countless lies, myths and scare tactics all of which comprise the case for gold and silver as a way to protect yourself from the destruction of all currencies.

 

Notice they are all Jewish

 

Nearly every single one of these charlatans is Jewish

"birds of a feather always flock together"

 

 

Notice they are all Jewish

 

These con men and mental midgets are seen and heard everywhere you look, from mainstream and alternative media, to thousands of websites and radio stations.

What I'd like to know is why the vast majority of these losers happens to be Jewish. Is that a coincidence? 

Given that Jews make up less than 2% of US population and less than 0.2% of the world population, do some simple statistics calculations and you will see that no such coincidence can explain these findings.

We see the same situation on Wall Street and related financial segments, as well as the media, US government and so on. The Jewish Mafia is alive and well.

Their online presence is inescapable.

No matter where you turn, you will see ads for gold and silver and doomsday scenarios on virtually every website containing ad-based content, pointing to just how much money is involved in pumping the precious metals doomsday sales pitch.

 

Most of these liars are also Jewish. And the ones who aren't are 100% controlled by Jews. Just examine who they work for and who they have on their staff.

 

 

The gold/silver doomsday scam has offered hope for thousands of unemployed individuals who now support themselves by serving as whores for Google via Adsense, whether it be by pimping ads for precious metals on their website or their You Tube channel.

 

FYI, Molyneux is Jewish, as are the vast majority of gold dealers and gold pumpers. Keep in mind Jews comprise 2% of the US population and less than 0.2% of the world population.

 

 

 

 

 

We suspect this con man has mental issues. He is also a confirmed liar who claims to have worked as an analyst and trader at Bear Stearns, which is not true. He now works as a physician assistant while posing as an economic and investment expert for the low-IQ morons who hang around You Tube.

Greg Hunter is one of the biggest promoters of con men on You Tube. He is committing fraud. Notice that Harry Dent makes a prediction of gold falling to $700 (previously he stated $750) several years AFTER it had peaked and was already in a bear market.

Mike Stathis predicted gold would decline as low as $400 by around 2029 after peaking at $2000. Stathis made this forecast publicly in 2009 and gold was still only around $1000 (see Fool's Gold).

 

 

 

The clown below is another one of these libertarian goofballs aligned with morons like Peter Schiff and Ron Paul.

 

This scumbag has latched onto the doomsday porn as a way to make huge amounts of money selling gold ads.

 

Another con man raking in the cash by latching onto the gold-pumping doomsday movement.  There are thousands of these low-level con men all over You Tube.

 

Some even hold a day job, but greed has gotten the best of them so they too have become paid whores for the highly deceptive precious metals industry.

They have become small-scale versions of Peter Schiff, Glenn Beck, Alex Jones, Maxx Keiser and other filth spewing all kinds of ridiculous statements and scare tactics.

Working part time, there have been some who have managed to bring in a six-figure income selling precious metals and doomsday ads through their gold pumping websites and You Tube channels as a part-time gig.

 

 

 

And of course we cannot forget about the guys pitching gold "chocolate bars" which are marketed as a way to "protect the value of your currency."

In fact, these awkward thin slabs of gold are even positioned as a real currency that might place one at a huge advantage during high inflation.

Wow. The suggestive nature of this pitch is alarming, especially considering the fact that the main pitch man is a licensed securities professional, supposedly with strict oversight by FINRA and the SEC. 

 

 

As you can imagine, if you want to rip people off and get away with it, it pays to be Jewish, especially when you work in industries completely controlled by the Jewish Mafia. 

 

After you purchase this "gold currency," it immediately loses 8% of its value due to the fees paid to the vender.  

Oddly, these venders never mention this reality. I wonder why. 

 

 

I won't even talk about how much gold has declined in price since Schiff started pitching this BS.

But if you think $1100 gold is low, you will be in for a rude awakening in a few years.

 

 

And we certainly cannot leave out all of those self-proclaiming "patriots, liberty-lovers and capitalists" who sell non-government issued silver coins that cannot even be used as monopoly money, but which are being sold for prices much higher than the spot metal price.

I'm willing to bet that a good deal of these coins contain less silver than advertised.

It is indeed amazing just how gullible the general population has become. This points to the significance of our warnings about the media, excessive use of electronic devices and other media platforms. These things are being used to distract and dumb the population down.

I do not know what is more depressing; the gullible nature of the general population or the large and growing number of con men looking to suck every penny from anyone they can.   

 

 

 

During the California Gold Rush of the 1800s, most of the people who struck it rich weren't gold miners. The guys who really made a fortune were the ones who opened general stores. They made a killing selling these hopeful gold prospectors supplies.

This is exactly how the current precious metals scam will play out as well. The guys who make all the money will be those who are selling you the precious metals, doomsday products and those who sell advertisements.

As Mike has been warning, if you pay attention to ad-based content your life is going to suffer in many ways. And by the time you truly realize this it might be too late.

Regardless of the angle utilized to herd the sheep, all of these doomsday charlatans have a few things in common.

 

 

 

 

1) They target an audience that is susceptible to believing wild claims.

This is why precious metals dealers are most often seen and heard by disinfo conspiracy nuts like Alex Jones, Glenn Beck, Jeff Rense, George Noory, Max Keiser and many others.

Furthermore, you may have noticed that guys like Peter Schiff, Marc Faber, Eric Sprott and several others who are in the financial industry have also made ridiculous statements pertaining to the economy, the stock market, the bond market and precious metals that are consistent with the kind of bull shit aired by Alex Jones, Glenn Beck Jeff Rense, George Noory, Max Keiser and many other charlatans.

Remember, "You are judged by the company you keep."

"Birds of a feather always flock together."

Note that guys like Peter Schiff, Mike Shedlock and many other clowns who call themselves "financial professionals" are being interviewed by these chumps.

If you did not already realize it by now, the bar is quite low for entering the financial industry.

And there really is no bar for being interviewed by the media other than being a shill, idiot, liar or con man.

So let's ask an important question. If you were a serious financial professional, would you associate with conspiracy lunatics who talk about big foot and UFOs and other nonsense? 

Perhaps your purpose is to lure a certain group of delusional fruit loops rather than sophisticated investors.

This leads us to the next gimmick...

 

2) They target individuals that are unsophisticated in the field of investments, economics and finance.

They target these sheep using comical arguments that don't stand up to the most basic level of reasoning or facts. In this manner, they can feed them all sorts of lies and delusional conclusions, all of which fits in with their central theme.

And the central theme always has a link to the advertisers.

After all, if you try to appeal to a group of lunatics, you will be able to attract them based on the "I agree with you guys" mentality instead of attracting them based on your investment performance and track record.

This strategy is very common among clowns who are unable to compete with competent financial professionals.  

 

Haven't you ever wondered why precious metals dealers and promoters have spent so much money (I estimate the amount into the billions of dollars) advertising, promoting and marketing gold and silver? 

If gold and silver are truly a great investment or they are going to soar in price or they provides a great hedge against inflation, why don't precious metal dealers just hoard these metals for themselves? 

And why are they willing to part with their highly coveted gold and silver in exchange for your "worthless fiat currency"?  

If you have never asked yourself these questions, consider yourself a sucker.

The real secret is that the big money isn't made buying gold and silver. That's too risk. And it requires a lot of money in order to potentially make money.

The real money is made selling gold and silver. You have no risk. You will make money regardless where the price goes because you are charging huge commissions to kola drinkers.

The other way the big money is being made is by selling useless books that cater to doomsday, gold-pumping wackos.

If you really want to make money in precious metals, don’t be a sucker. Sell precious metals and precious metals ads like the guys you listen to for insight on gold, silver and economics. You will make big bucks due to the sheep effect and the fact that you can charge huge commissions.

The best part about this scam is that there is no regulation, so you can get away with deception and other kinds of activities that fall into the category of fraud.

After all, why do you think these libertarians are also the guys insisting to get rid of government regulation?  

Haven't you noticed all precious metals dealers have this mentality? 

The fact is that con men don't want the government to regulate anything because they don't want to get caught defrauding people. 

4) They charge HUGE fees for gold and silver.

The fees are so high, it is mind-boggling to me why anyone with an ounce of investment savvy would ever agree to pay such fees. 

So how high are these fees? 

AT MINIMUM, they are more than 4000% higher than the annual fees charged for an S&P 500 Index fund.

[That was NOT a typo; Vanguard charges an annual expense ratio of only 0.17% for its S&P 500 Index fund while the lowest fees charged by gold and silver dealers is 7%; on average gold and silver dealers charge 10% but some even charge 50% higher than the spot price of gold or around 28,000% higher than the fees charged to hold an S&P 500 Index fund per year]. 

How in the hell do you think you are going to make any money with such high fees? 

Remember, when you sell these metals you will pay the same fees.

 

5) They insist that those who drink their Kool-Aid will be saved from the financial apocalypse.

They also keep insisting that the "greatest transfer of wealth" is coming and you need to listen to them if you want to be on the winning side of the transfer.

Little do the sheep realize but they are being slaughtered by listening to these con men. 

Not a single one of the gold charlatans predicted, benefited from or helped others benefit from the financial crisis in 2008. Hence, they want to lure suckers into their pitch by telling them some great wealth transfer is coming.

Folks, the greatest wealth transfer has already taken place. It occurred largely in two phases (2008-2009/asset bubble collapse and 2009-2012/asset reflation).

But the conspiracy nonsense certainly does not end there. These same lunatics and con men have been talking about a "global reset," whatever that is supposed to mean, and many other fear-mongering con artist ploys.

These con men have become too predictable.

The only man in the world to have predicted the exact details of the financial crisis in his 2006 book, America's Financial Apocalypse says that the worst is over and the financial apocalypse already occurred. That person is me.

Oh and by the way, before Peter Schiff, Mike Maloney and the other con men wrote their useless books pumping gold (i.e. had their books written for them by professional writers), I had already written and released my AFA which recommended gold and silver, among other things. So who was right and who was first.

 

 

 

Notice that I was the ONLY person in the world who recommended gold and silver many years ago and who also:

a) warned people AGAINST buying physical gold and silver began warning people to NOT buy PHYSICAL gold and silver due to the huge fees and lack of liquidity

b) advised people to trade the volatility of gold and silver

c) began warning people not buy gold once it rose above $1000 after I recognized that it was being pumped by a huge wave of con men.

Once you examine track records and agendas, who are you going to believe? Losers who did not predict anything other than perhaps a broken clock scenario, but who are selling snake oil, or a financial professional who sells no products tied into any specific outcomes, has no agendas and predicted virtually everything since 2006?

 

6) They all hang together. It's a charlatan network.

This is one of the key elements of the con. They utilize the "flooding approach" as a way to brainwash their sheep. They are on the same blog rolls, the same YouTube channels being interviewed by fellow gold hacks, and at the same BS conferences, like the Money Show (an assembly of the biggest con men on planet earth), Hard Assets Conference and various "freedom" and "liberty" conferences (this is mind control - "if you are for freedom, buy gold).

 

 

 

 

 

 

 

 

 

 

 

Chris Martenson's Blog Roll

 

James Quinn's Blog Roll (this guys is yet another scam artist who feeds his sheep "freedom, patriotism, buy gold, the market is going to crash," while he rakes in thousands of dollars begging for donations. Meanwhile, the hypocrite works as a bought off hack at a business school, helping to train future criminals. Can you say con man hypocrite?)

 

 

The clown below is yet another amateur investor who serves as a lackey of the con man Max Keiser. What's truly funny is that this guy was one of the few people who linked back to the AVA Investment Analytics website back in early 2009 when the site was launched.

But once he realized that we represented the truth and real research which meant we would get no coverage by any media outlet, this con man stop linking to us and jumped aboard the Max Keiser, Zero Hedge etc. band wagon.

Now why would he do that? 

Because these guys only care about getting exposure so they can sell ads, books whatever they can come up with.

Update: this clown has teamed up with the idiot blogger Mike Shedlock. Shedlock violates copyright laws several times each day by cut and pasting articles from the media. He steals content in order to generate traffic to his useless blog where he gets paid by Google to sell ads. This is highly illegal and is subjecting his smalltime RIA firm to potential copyright infringement lawsuits that could easily exceed $20 million in damages.

 

 

 

7) They keep the platform for inquiry and debate closed.

This is a common tactic used by con men. You might have noticed that it is the same tactic utilized by Donald Trump's and Robert Kiyosaki's "wealth seminars."

 

 

The smooth talking sharks that run these scam events quickly get rid of anyone who has any valid questions because they do not want the sheep in the audience to start asking questions which would expose them. 

 

 

Whether we are talking about the sharks who run these "wealth seminars" or the guys who promote gold and silver, the fact is that these guys share many things in common. They would never go up against a real investment professional with no bias and a good track record.

 

 

They also pretend their critics do not exist, especially when such critics have credentials that are unquestionable.

These con men know that the worst thing they can do is to draw attention to those who are exposing their lies.

The last thing they want is to expose their sheep to credible individuals who have a solid track record and no bias.

They know they are used car salesmen and would not stand a chance in hell if placed up against someone who is credible and unbiased.

 

8) They leverage the anger, fear, greed and anxiety of their sheep into a sales pitch that will only benefit these charlatans.

They always advance the "freedom and liberty" slogan along with gold and silver. They refer to the "evil" Fed and "evil" bankers, while providing a "solution" to combat these "evil" bankers (buy gold and silver).

 

 

 

 

 

This mind control tactic is very commonly used. For instance, if you are America and you do not support the War in Iraq, you are not patriotic, right? 

The way this mind control works is to create associative relationships in order to sway people. Although these relationships and conclusions do not stand up to logic, most people accept them due to the flooding approach.

They collect huge fees from the sales of precious metals. They get paid big bucks to advertise for precious metals and doomsday products and to promote these charlatans.

 

9) They make false claims about gold, the US dollar stock and bond markets.

They claim gold is currency.

They claim gold is money.

They claim gold is insurance against currency failure.

They claim the US dollar is going to collapse to 0.

They claim hyperinflation is imminent.

They claim the US stock market is going to collapse by 80 to 90%.

They claim there is a bond bubble that's ready to burst.

They claim the real "crash" hasn't yet happened.

They claim the "greatest transfer of wealth" is ahead of us.

They claim the best way to get this wealth transfer is to buy gold and silver.

They tell their sheep to stay out of the stock market.

They claim all currencies will soon be worthless.

They claim the economy is fake.

They claim government data is fake.

 

10) They always come up with silly excuses when gold and silver prices fall.

"The evil bankers are manipulating gold and silver." 

 

 

 

Yea well if that is the case, why in the hell would you want to own it since, as you claim, ultimately the bankers control the price and they are pushing it down? 

 

11) They insist you must buy physical metals instead of the ETFs.

They scare their sheep with claims that the ETFs do not hold the gold and silver that they report and other erroneous claims.

The reason for steering their sheep into physical metals is obvious. They cannot make any money if you buy precious metals ETFs (which are liquid, have much lower fees and can be traded on a daily basis, unlike the physical metals).

 

12) They insist that you must never sell your precious metals.

Why would they want the sheep to keep their metals? After all they could get them to sell and collect a nice 10% or 15% commission, right?

First, gold dealers want to get sheep to hold onto their metals so they can convince them to hold it in storage for them. With annual storage fees ranging from 0.5% to 2.0%, this is like sitting on your ass and making a killing; that is if you are the one charging for storage.

These fees can really add up as you are waiting for the world to end so you can claim your gold and silver from their storage vaults. 

Consider for example that money managers charge similar fees and they are always under pressure to perform. As well they have high expenses for research, resources, personnel and other things.

In addition, precious metals dealers will wait for the sheep to throw in the towel once the metals collapse to fair value levels. Then they will buy them up charging huge fees.

 

13) Their analogies and assessments do not stand up to real scrutiny.

Con men are never concerned about being able to stand up to scrutiny because they make sure to keep their platform closed to anyone who might "stir the pot" with valid questions.

The precious metals industry is not regulated and they are always surrounded by their peers (other con men) so they do not fear being called out.

As just one of many example I could list, let us consider where the price of gold and silver are likely to head in coming years. Anyone who has bothered to examine the data knows that gold and silver pricing tends to decline when interest rates rise.

With interest rates at record lows, they will only increase in coming years. If you mention this point to gold charlatans, they will claim this relationship to be untrue or else they will tell you that the "imminent hyperinflation" stands to trivialize the impact of rising rates.

Of course, both of these responses are ridiculous.

 

14) They do not understand basic economics (but they're convinced they are economic experts).

For instance, they keep insisting that the "macroeconomic fundamentals are in place for soaring gold and silver prices," all while making price forecasts. But the fact is that there are no relevant macroeconomic fundamentals responsible for gold and silver pricing other than supply and demand.

Gold pricing is mainly driven by psychology which is why gold dealers have been bending over backwards spending millions of dollars creating a library of propaganda pieces to dupe people into buying gold and silver.

They also insist that the real unemployment rate is much higher than the data reported by the Bureau of Labor and Statistics (BLS) without realizing that it is impossible to have a significant amount of inflation when the unemployment rate is sufficiently elevated above what is considered "full employment."

Thus, every time the cry that the real unemployment rate is higher than the data reported by Washington, they are actually making a case for lower gold pricing since higher unemployment means lower inflation. 

        They do not even understand the definition of inflation.

They keep insisting that inflation is defined as an increase in the money supply. But this is not necessarily true.

Inflation is important because of its effect on the economy and since the economy is dictated by consumers, the only thing that matters is prices for consumers. Thus, inflation is defined as an increase in price in goods and services.

If gold dealers are too stupid to figure out what inflation is, how can you trust them intellectually for anything?

 

Any competent investment strategist working for a major Wall Street firm will tell you that gold hedges against deflation and (sometimes) market downturns, BUT these hedging benefits are typically only short term.

Furthermore, gold offers no reliable protection against inflation over a time horizon that is applicable to human lives. In other words, gold may protect against inflation over some periods, but for others it does not.

Over a very long time frame (more than 200 years) gold shows a better protection against inflation (although this protection is not absolute), but who lives for 200 years?

Finally, ever since the gold standard was abolished in the early '70s, gold has failed to come close to keeping up with inflation if you discount the gold bubble. We shall truly see in ten or so years once gold reverts back to its normal level.

Gold charlatans scare their audience with wild scenarios that have no possibility of materializing.

"the dollar will soon be worthless" 

"the dollar will soon become like the currency in Zimbabwe"

"the economy is going to collapse worse than in 2008"

"the stock market is going to collapse by 50% to 80%"

The more the sheep become frightened, the more gold, silver and doomsday products they will purchase without bothering to worry about the huge premiums they are paying. After all, these items are going to save them from the apocalypse!

The list of delusional claims made by these con men is endless:

"gold is headed to at least $15,000 and silver to at least $1500"

"buy silver and we can crush JPMorgan"

"gold is real money"

"gold preserves value"

"the recovery is fake

"earnings are fake"

"all government data is fake"

"buy gold, buy silver, the market is going to crash"

16) They preach myths that "all economies based on fiat currencies eventually fail" and "gold and silver are insurance against currency failure."

This claim made that "all economies fail" implies they can look into the future. Where is their crystal ball? 

Oh wait. I forgot, a member of the gold-pumping clam is Gerald Celente, Mr. Crystal Ball "futurist" himself.  In fact, Chris Martenson also refers to himself as a futurist.

If you have no real talent in anything other than making up stories in order to con people, you might call yourself a futurist in order to have some kind of designation.

Newsflash: If you aren't a legit sci-fi author and you call yourself a futurist, what you really are is a con man.

They never mention the fact that all economies based on gold and silver money have also failed. Have they ever showed comprehensive documentation to confirm these wild and delusional claims? 

Of course not because they distort points in a way that is convenient for their mythology.

Look at most empires throughout history. The greatest empires, the Greek, Roman and Egyptian...all failed. And EACH one used gold as a currency. Why don't these charlatans ever talk about that? 

The fact is that economies fail for many reasons but the use of a fiat currency is not on that list of causes.

One of the biggest analogies used by these con men is when they compare the hyperinflation and currency destruction that took place in Weimar, Germany after WWI and Zimbabwe a few years ago. Weimar was a new republic that was immediately burdened with post-war debt.

Zimbabwe is a third world shithole, plagued with a long history of massive economic, political upheaval, corruption and gross mismanagement. No advanced nation today remotely resembles either of these shit holes.

Of course, the gold con men won't bother to mention these facts. And even though these facts are obvious, the sheep won't realize them because the vast majority of gold and silver bugs are naive and low-IQ.

Finally, if in fact gold and silver are insurance against a failed currency that means those who sold them will back all losses, right? As I discussed in a recent audio, not only is it absolutely irresponsible for anyone to liken gold or silver to insurance, it is also highly illegal.

If someone is selling you the idea that gold and silver or a form of insurance, by definition, your potential loss in value must be backed by a financial institution.

If in fact you bought 100 ounces of gold for $1800/ounce from a dealer who claimed it was a form of insurance, the guy who sold it to you owes you $50,000.

 

17) They're all con men and/or naive idiots. Some are also mentally ill. Most of them are sociopaths.

All one need do to convince themselves of this is spend some time listening to some of the bizarre and ridiculous things they claim, such as the "Bush family is worth trillions of dollars" (Jim Willie - this guy is one of the biggest liars on earth or else he is completely insane in my opinion) and the dollar is going to 0, so forth. 

 

 

18) They are hypocrites.

Perhaps the most hilarious aspect of these scam artists is that they are some of the biggest hypocrites to ever walk the earth.

For instance, they insist that the government is "bad," and that we need less of it, yet many of these sharks have attempted to run for public office. Some have even served public office for many years.

In addition, they insist that taxes are bad. Some advise their sheep not to pay taxes, but they make sure and pay theirs with the money they obtain from e-begging.

And we certainly can't forget that they claim fiat currency is worthless so you should buy precious metals using your "worthless" fiat currency.

Yet, they are willing to take your "worthless" fiat currency in exchange for their gold and silver.

They also trash the banks but they do not have any problem working for them by selling their advertisements.

 

 

The cases of hypocricy by these con men is so long that it deserves an entire report dedicated to this subject matter.

 

19) They constantly lie about what is going on in the economy

For instance, a few years ago all of the gold charlatans were insisting that China was selling its stash of US treasuries, and this would cause the dollar to collapse. I proved without a shadow of a doubt that this was 100% false. It was a complete lie.

They also claim that the US has a "fake economy" while neglecting mention of the the ridiculous manipulation going on in emerging market economies such as China, Russia and Brazil.

 

 

20) They disguise their sales pitch as "research."

Rather than establishing and supporting a healthy platform for all possible viewpoints, precious metals charlatans can easily be spotted (by anyone with a clear mind) due to the common practice of only posting content and discussing things that serve the objective of creating a cheerleader campaign for gold and silver, while denouncing REAL investments like stocks and bonds.

I don't know about you, but I am a real investor so I want to surround myself with the views of unbiased experts in order to manage my investments. The worst thing one can do is allow themselves to get sucked into a pitch by charlatans.

If you want to surround yourself with airhead cheerleaders, that's fine, as long as you aren't risking your money on them. 

                                                                                        

This is exactly how the current precious metals scam will play out as well. The guys who make all the money will be those who are selling you the precious metals, doomsday products and those who sell advertisements.