Watch Bill Gates Stutter Like a Moron on Gold

You know the system is in trouble when it rolls out every multi-billionaire status quo gatekeeper to appear on CNBC and regurgitate the same trite propaganda lines to scare people away from protecting their financial well being via the one asset that has proven timeless and portable for thousands of years.  What the sheeple still cannot get through their minds thanks to constant misdirection from people such as Bill Gates “being on the same page” as Buffett and Charlie “only Jews about to be gassed should buy gold” Munger on the subject of precious metals is that government can and will steal your money and assets when they are backed into a corner.  While you can’t sow your E*TRADE account or steel plant into your garments you can with gold.

Billy Gates’ comments on gold are so ridiculous only a caveman could believe them.  He uses a lot of fear tactics in the brief commentary.  He uses the tried and true what if the “IMF and Central Banks start selling” line.  This is hilarious because it is only very recently that Central Banks have been net buyers of gold after decades of selling.  Furthermore, the emerging market Central Banks, especially China, have merely 1%-5% of their FX reserves in gold (no one knows the exact number) so they will take every ounce the Western Central Banks are stupid enough to put up for sale.  He implies that Central Banks could sell gold because it does “nothing for its citizens.”  A more ridiculous statement has never been uttered.  First of all why would these sophisticated financial wizards running these institutions hold gold in the first place?  Why would Nixon close the gold window in 1971 to prevent the loss of more U.S. gold if gold doesn’t matter?  Why would all the up and coming economies be buying it and why are some of the smartest investors in the world buying physical gold?  Gates is trying to imply these investors are all stupid, mentally weak individuals.  Finally, as if what these governments are doing at the moment is good for their citizens?!  Yeah, just look at the skyrocketing suicide rate in Greece for your proof.  I’m sorry the best thing a government can do is to hold as much gold as possible for its citizens so they have a chance to start over once this house of cards implodes publicly.

He also states that once people want to sell “there is no floor.”  I mean come on man.  Gold is the only currency that has survived purchasing power intact since the ancient Egyptians.  The worst part about him saying all this publicly is that he is actively discouraging the sheeple who actually listen to him from protecting themselves.  That is morally repugnant.

Here is the video. 

Mike

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3 thoughts on “Watch Bill Gates Stutter Like a Moron on Gold

  1. If gold isn’t so damn important, why did god pave streets with it? Yeah – take that Warren. I did like the side-by-side “catsup” and mustard on the table – probably vampire waitresses too. Thanks Bill, I’m glad our FIAT currency has no psychological value…these guys are quite the propagandists.

  2. Gates didn’t say a thing about anything. Just blabbing on about nothing without any concrete good points. He has no idea what he is talking about. Its like him talking about what he ate 3 weeks ago at lunch. Who actually cares what he says? He made money in software, that’s all he knows.

  3. Funny thing is, you can substitute “Microsoft stock” for just about every time he says “gold.”

    And you’re telling us there are people who can actually predict the future price of stocks? Really? Then half the world should have more money than you.

    Why they’d think a tech guy would know anything about financial markets is beyond me.

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