Gold: I’m Putting My Foot in It

Many people are bitterly disappointed by gold’s recent price action and, as usual, they blame the metal itself.

That is a fundamental mistake.

The behavior of gold will always disappoint those who chase it on a trend.

And it does so for two very clear reasons.

First, there is an entire cohort of professional predators who make their living by screwing you on gold. They whip up enthusiasm, inflate prices with fiery rhetoric, and then dump the market once they’ve lured in the crowd.

These people are not your allies — they are the objective accomplices of the very elites they pretend to fight. They have no scruples. Their only goal is to exploit your fears, stoke your panic, and fleece you at the top.

The situation is even worse with silver.

These characters are what we used to call “professional swindlers.”

Gold’s medium-term behavior is structurally disappointing, especially after sharp rallies — not because of any flaw in the metal itself, but because its market is infested with pimps, hustlers, and profiteers.

The moment there is any legitimate reason for gold to rise, this whole parasitic swarm rushes in to pump the price, trap retail buyers at scandalous levels, and cash out.

They are not interested in helping you make a good investment. They want to make a killing at your expense. To them, you are nothing but gullible suckers.

That is why I have been repeating for decades: never chase gold on momentum, never buy the hype.

Gold is the ultimate “screw-the-fool” asset. It should only be bought on weakness, when nobody wants it, and strictly as ultimate insurance.

Gold is not an asset class. It is insurance against the ultimate risk: the loss of control by the elites and their governments. Owning gold requires character. Not everyone is built for it.

Second, gold is the ultimate threat to the elites, their central banks, their governments, and their hired mercenaries. It is the statue of the Commander that reminds them they are in trouble.

When panicked retail investors rush in and drive prices higher, the system’s only response is to teach them a harsh lesson. They despise you. In their eyes, you are rebels, dissidents, enemies of the regime.

Do you seriously believe that any central bank or Too-Big-to-Fail institution looks kindly upon an asset that directly competes with the fiat currency they print at will?

Every time gold starts to shine too brightly, the entire apparatus — central banks, bullion banks, governments, and their media mouthpieces — coordinates to slap it down.

They hate gold because it exposes their monetary manipulations and their eroding power. And they especially hate the “little people” who dare to protect themselves with it.

So no, the current correction is not surprising. It is perfectly logical. Those selling their gold today because U.S. 10-year yields look a bit more attractive have understood nothing about gold’s true role.

They are the useful idiots of a dying system whose inevitable collapse they refuse to see coming.

Bottom line: Gold is not for trend-chasers or weak hands. It is for those who understand that we are in a war — a monetary and civilizational war — and who are willing to endure the inevitable betrayals and manipulations along the way.