This poor gold mining investor, AKA Wendy, is going to have to apply for a job at Wendy’s fast-food restaurant, flipping burgers for the green-paper lords that have taken over the world. “Welcome to Wendy’s. My name is Wendy. May I take your order?” How cool! Wendy at Wendy’s! Imagine, all the gold investors of the world suddenly poor while the folks who print green paper and create digital fiat out of NOTHING are rich, living in gorgeous mansions, with multiple houses and yachts. Now that’s some mind-bending enantiodromia, especially for an era that’s guaranteed to be inflationary. Enantiodromia (the one perfect word for the times we are living) is the “tendency of things to change into their opposites, especially as a supposed governing principle of natural cycles and of psychological development,” from the ancient Greek, pre-Socratic, Ionian philosopher known as Heraclitus of Ephesus.
I’m kidding about working at Wendy’s (for now), but I will if I must! I’m NOT kidding about this being my last blog post on Agapy.com. Agapy started off as Agapy Publishing, and then Agapy LLC, which included my book publishing and consulting work before adding the blog. I’m not giving up, but growing. As such, Wendy is heading over to a feisty and glistening GoldenMusings.com to keep on posting. If and when Agapy publishes another book, then you’ll get notified. But if you want to keep hearing from me otherwise, then please subscribe here. As a courtesy, I moved you over to the new list ONLY IF you subscribed in the past year. If you did not subscribe to Agapy recently, then you’ll truly need to subscribe again at the new site. My writing isn’t for everyone. Needless to say, change is the only thing that doesn’t change. 🙂
I saw an interesting interview the other day. Mr. Greg Mannarino gave me second thoughts about applying for a job at Wendy’s, and he said one thing better than anyone else I’ve heard on the topic (advance to 21:12). Daniella asks Greg why gold and silver are not performing like we were told they would. He replies, “In a real market, it should be the actual asset that returns value of a derivative. A derivative is something that derives value from an underlying asset. How the market is set up right now is the derivative is dictating the price of the physical asset. This is set up obviously to keep the price of precious metals suppressed.” Yes! That’s exactly what’s going on. At some point, that unbacked unlimited digital derivative is going to collapse against the limited supply of physical assets. It’s just a matter of time. Patience isn’t my strongest suit, but I can and shall wait.
Take a look at The Financial Crisis Inquiry Report (Official Government Edition), and sure enough it’s all there. “Between 1983 and 1994, the OCC broadened the derivatives in which banks might deal to include those related to debt securities, interest and currency exchange rates, stock indices, precious metals such as gold and silver, and equity stocks” (pg 64).
Note, I do not believe in Bitcoin as does Greg, and I’m not invested or investing in that fund he mentions. You already know this if you’ve been reading my posts. In short, Bitcoin can’t be successful in a post peak-oil world—energy is not free or cheap anymore. Nobody ever says everything exactly the way I see it, but Mr. Greg does see many of the same things that I do, in the same magnitude. It’s a good watch, and only a half hour. With this final thought, I bid you farewell. “If you’re brave enough to say goodbye [and I am], life will reward you with a new hello” —Paulo Coelho. I know this is true, and I’m looking forward to it. Thank you for putting up with me all these years (if you choose not to join me at Golden Musings), and best wishes in the COVID current-MONKEYPOX warmongering post-peak-oil debt-laden world. Otherwise, a new golden hello over yonder, and I’m not talking about McDonald’s Golden Arches.