It seems impossible to me that denial remains a strong enough influence on gold market prices to make a difference. Posted by James Randolph on October 17, 2011
Denial: Still a Powerful Force in the Gold Market.
October 17, 2011 – It seems impossible to me that denial remains a strong enough influence on gold market prices to make a difference. Yet some of the reaction to the Wall Street protests is beyond comprehension.
One man boasted that he was holding down three jobs to keep his family fed and ridiculed the protesters for being whiners. He honestly believed that the problem was the protesters, not the protested.
How can it be that prejudice so easily overpowers common sense? How can the distant memory of hippies somehow erase the realities of today? What can turn investors away from the gold market and into unreasonably high-risk equities? It boils down to a misguided sense of patriotism.
Patriots, quite simply, love their country and they want it to flourish. But patriots also must be vigilant against their government assuming powers not granted to it by the Constitution. Patriots know that a free market and minimalist government are necessary for continued prosperity, and that it is their duty to keep the government in check.
Above all, patriots are fiercely independent. They would rather care for themselves than hand over their wealth to politicians in hopes that the fraction they receive in return might be sufficient.
When you get right down to it, there really isn’t so much disparity in American beliefs. We just have a hard time getting on the same page with certain other people. But if we don’t get over that – and soon – we will all be in for harder times than we care to imagine.
Americans – in all of our diversity – have always come together in crisis. We could come together now, if only the crisis were truly understood. Instead we let politics turn us against each other while it protects those responsible for the mess we are in.
Wall Street is not the bastion of the American Way as many apparently believe it to be. It is the antithesis, a toxic collusion between the State, a rogue central bank, and shady high rollers intent on thwarting the free market. We have a patriotic duty to bring an end to that alliance.
Gratefully cracks are appearing in their defenses despite the denial as gold market prices continue rising against Wall Street’s best efforts to hold them back.
Senior Staff Writer – Certified Gold Exchange