Decoding the Enigma: What Are Gold Bugs

What Are Gold Bugs? Unlocking the Psychological Fascination”

Updated March 2023

As long as man does not evolve, man will find a way to rob Peter and Paul. A little knowledge is extremely dangerous and worse than ignorance, and most of the hard money crowd understands next to nothing when it comes to hard money or Fiat money. That is why the Fed gave the hard money crowd a thrashing they will never forget. It inflated the money supply to mind-boggling levels, strengthened the dollar and Hammered Gold.

How did they achieve this feat? They controlled the velocity of money and could have their pie and cake. Now they are buying Gold at a lower price with the extra worthless paper they created while the hard money experts keep chanting nonsense that the Fed is backed into a corner. If it’s a corner, it must be pretty cosy with all the comforts of a five-star hotel. The Fed is run by knowledgeable, albeit nefarious individuals. Gold has not fared well in the face of a weak dollar, and most of our indicators are now in the extremely overbought ranges.

Investing in gold has long been a popular strategy for those seeking to protect their wealth from market volatility and currency fluctuations. However, many “gold bugs” – enthusiasts who advocate for a return to the gold standard and view gold as the ultimate safe-haven asset – often fall short in their investing strategies.

Why Gold Bugs Often Lose in the Market

One reason is that many hard money advocates lack a deep understanding of hard money and fiat money. This knowledge gap can lead to faulty investment decisions and result in losses. The Federal Reserve, led by knowledgeable but nefarious individuals, has a history of manipulating the money supply and controlling the velocity of money to inflate the dollar’s value and suppress the price of gold.

Despite this, some gold bugs remain steadfast in their belief that the Fed is backed into a corner and that a bullish trend for gold is just around the corner. However, the reality is that gold has struggled to perform in the face of a weak dollar, and indicators suggest that the trend remains neutral at best. While a strong correction may be on the horizon, it remains to be seen whether it will result in a higher or lower low – with the latter indicating that further consolidation is necessary before a true bottom can be reached.

The Psychology of Gold Buga sets them up for defeat. They don’t understand the concept of banking profit. They assume the price of Gold will keep rising forever.

https://youtu.be/BgQ79evjylc

Conclusion:

The psychology of gold bugs often leads to investment pitfalls as they underestimate the complexities of hard money and fiat money. Manipulation by knowledgeable individuals at the Federal Reserve has influenced the value of gold. Despite the belief in an imminent bullish trend, gold’s performance remains uncertain. Understanding profit banking is crucial for successful investing.

Originally published on September 2, 2016, and continuously updated, with the latest update in March 2023.