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The Gold-Gambling Casino

March 3, 2019

The world used gold coins as money up until the first years of 1900.

Since that time, the world's use of gold as money has ceased, and as of today, gold's only function is as a means of saving wealth for future use.

Today, the market for gold consists of two groups of individuals or economic entities: a) those who wish to acquire gold for the purpose of saving some wealth for future use, and b) those who hope to realize a profit in terms of paper money, by speculating in the gold market.

The group "a", of savers, is a relatively small group, and for the most part, only purchases gold and does not sell.

The group "b", of speculators, is a large group made up of individuals or economic entities anxious to realize paper profits.

The world is extremely indebted, and a great number of individuals are hard-pressed to make a buck on their speculations, including those in gold.

The monetary authorities running the paper-money schemes of the present are anxious to forestall significant rises in the paper price of gold, because such rises would diminish confidence in the lasting value of the paper money in use today.

The gold-gambling casino run by today's monetary authorities makes Las Vegas gambling look like child's play. The poor wretches who want to make a buck by speculating in gold are regularly taken to the cleaners by the legal manipulation carried out by the monetary authorities of the West.

There is only one policy which makes sense for those who are anticipating the collapse of all paper money in this world: buy and hold gold. Most people simply cannot afford to do that.

Nobody knows when the world's paper money is going to collapse; it may happen tomorrow, or it may happen years from today. We don't know when, but the collapse will happen at some date. That is engraved in granite.

In the meantime, if you want to lose money, speculating in gold is a good way to do it.

If you are one of those who are strong enough, buy and save gold; if not yourself, your children or grand-children will be thankful you did so.

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Hugo Salinas Price is a Mexican citizen, born in the USA of an American mother and a Mexican father. He is 81 years of age. Married for 58 years to a Mexican wife; they have 18 grandchildren. He dropped out of three universities: Wharton, Monterrey Tec (Mexico) and National Autonomous University of Mexico. Hugo started out in business life in 1952 as a General Manager of a tiny company manufacturing radios in Mexico City. He was 20 years old at the time and soon learned about the importance of having funds to meet the pay-roll every Friday. The company was owned by his father, and gradually turned into a manufacturing company with its own retailing branch, selling all sorts of consumer goods, including its own TVs. His website is www.plata.com.mx.