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Gold Vs Financial Terrorism

Blog Mar 17, 2016

As Americans we hear a lot about terrorism. I mean a lot. Violent terrorism seems to be most everywhere, except America, currently. That of course is not to say that America has not experienced terrorism. We all remember September 11, 2001. Fifteen years is not much time in the terms of a country’s existence, but fifteen years is a substantial (probably about 33%) percentage of time of a person’s earning years. What does gold vs financial terrorism have to do with any of this? They are more closely intertwined than you may think.

Gold vs Financial Terrorism: What Is Financial Terrorism?

Explaining financial terrorism and it’s intricacies is a subject that could fill volumes of textbooks. For our quick look into gold vs financial terrorism, we will use a simple to understand and comprehend form of financial terrorism. The covert financial terrorism schemes may often go undetected, or at least misunderstood, hence the reasons they are used. The type of financial terrorism that we are going to look at, everybody sees as soon as it happens. The type of financial terrorism that follows a physical terror attack.

gold vs financial terrorism - 9/11

During The Attacks, Most People Did Not Consider The Financial ramifications, But Over The Next Few Days, People Began To Consider The Consequences.

Think back to mid-September of 2001. The buildings fell in a matter of hours. Stock markets and banks were closed for days. The markets were pretty much in free fall as investors decided what they were going to do when the markets did re-open. What were they going to sell? What were they going to buy? What companies would possibly collapse? These types of uncertainties multiplied by such a large scale wreaked havoc in the US markets, and markets worldwide.

Perhaps flying planes into buildings called “The World Trade Center” may scream financial terrorism, but in American history 9/11 is seldom recalled for the casualties suffered financially by those who lost much or all of their life savings. Gold vs financial terrorism? Lets look at some facts:

Gold vs Financial Terrorism: The Numbers.

The attacks on 9/11 caused all sorts of unusual financial terrorism related effects on the US markets. The DOW was closed for four days, twice as long as it was closed during the Stock Market Collapse of 1929. The DOW suffered it’s biggest one day loss when it re-opened, falling more than 7.1% in hours. The attacks extended the recession the United States was already in, and by how long is anyone’s guess. Unemployment would climb for the next two years straight. Bankruptcies of all types climbed. And oh yeah, the US government started spending a whole lot of money to fight terror. Our money.

gold vs financial terrorism - cant fight gold with a gun

The War On Terror Has Cost Lives And Dollars For Fifteen Years, And There Is No End In Sight.

Gold on the other hand, saw some different happenings. During the days after the attacks, while the stock markets were closed, individuals still traded gold and silver. Those who did not own gold and silver in the physical form perhaps queried about acquiring some. Pawn shops did business, and so did other exchanges.

Gold reportedly shot up from about $215 an ounce to $287 an ounce in London trading. $215 to $287. Think about that. Everyone else in the stock market was wondering how much they were going to lose, while those who owned gold wondered how high the  metal may climb? What do you suppose would have happened to the price of gold if there had been a second day of attacks? Or a third? What if Germany or Canada had been attacked in a similar fashion just days after the US was? Could gold have doubled or even tripled? Gold vs financial terrorism: Advantage gold.

Gold vs Financial Terrorism: There will Be A Next Time.

As much as I hate to say it, financial terrorism is on the increase. Remember, there are the kinds you can’t see, and the kind everybody sees. Either one of these types of financial terrorism can decimate or even eliminate paper wealth, quickly. If you would like to delve a little more deeply into this subject, may I suggest gleaning some intellect and knowledge from a Mr. Jim Rickards. Plenty of people think he is brilliant on this topic, including the US government who employed him to explain currency wars to them, and run currency war simulations.

gold vs terrorism: read this book

Gold Vs Financial Terrorism? Jim Rickards Can Speak Intelligently On The Topic.

If you want to hear how those currency war simulations turned out, you can listen to Jim Rickards and Craig Griffin, the president and founder of ITM Trading, discuss this and more here in this exclusive interview.

When will be the next attack? Will it be as obvious as jetliners flying into buildings? Will gold jump +20% overnight again? Will the Dow suffer it’s worst loss ever, once again? Will worldwide markets fall precipitously like they did last time? Will fortunes be lost?

Please take a little time and consider all the risks when planning your investment portfolio. Please consider balancing paper assets with assets of tangible gold and silver, and please consider doing business with ITM Trading.

Thumbnail Photo We believe that everyone deserves a properly developed strategy for financial safety.

Lynette Zang

Chief Market Analyst, ITM Trading

Sources & References In This Article

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