Jack Lawson Sends: Olson on Precious Metals and Other Items of Financial Value, Part Six – Basic Information About Gold

Here is the latest excerpt from Jack Lawson’s magnificent book series, the Civil Defense Manual. You can grab a copy of his book here. Jack is a strong supporter of American Partisan, and even had NC Scout write the chapter on Radio Communications (Chapter 17 in Volume I). I bought my copy the day it become available and I highly recommend you do as well.

Jack Lawson Sends: Olson on Precious Metals and Other Items of Financial Value, Part One – Dispelling Myths

Jack Lawson Sends: Olson on Precious Metals and Other Items of Financial Value, Part Two – Understanding and Measuring Worth

Jack Lawson Sends: Olson on Precious Metals and Other Items of Financial Value, Part Three – Basic Information About Silver

Jack Lawson Sends: Olson on Precious Metals and Other Items of Financial Value, Part Four – Silver Coins as a Form of Currency

Jack Lawson Sends: Olson on Precious Metals and Other Items of Financial Value, Part Five – 2025, America’s Legacy from its Leaders

By Clay Olson

Uses, properties and benefits that make Gold valuable

Minted Gold ingots
(Courtesy of the Hindustan Times)

Gold…

• Does not oxidize or tarnish from the elements.
• Is a soft metal that is very easy to shape and cast.
• Almost every civilization has independently discovered and treated Gold as valuable and desirable with no influence from other civilizations.
• Except for copper and Silver, Gold will conduct electricity better than just about any other substance for electrical conductors.
• Gold is valued as an electrical conductor as it doesn’t corrode at connections.
• It is especially beneficial for electronic micro circuitry.
• Is valued almost everywhere for exchange of services and commodities.
• Is a rare metal not easily found in large concentration.
• Has a unique color and sheen that some profess is mesmerizing… ask a woman.
• Compared to other Precious Metals including Silver, Gold has a high value ratio to its weight.
• Governments can create fiat and paper money until the cows come home (the cows never come home, trust me, I’m from farm country) but they have not been able to create one atom of Gold at the price Mother Nature has produced it.
• Gold has outlasted every government, politician, religion, military general, dictator, Pope, country and every person.
• The people who own Gold generally don’t trust financial systems as others do.
• Gold survives, crashes, booms and busts and still maintains a value.

There is the PAPER PRICE of Gold… and then there is the REAL price of Gold

The Paper Price of Gold

Who sets the price of Gold? There is really no “one” market that sets the Gold price, but rather all world markets look to the previous market that closed, such as the London Gold Exchange opens and closes before the COMEX [Commodity Market Exchange (for Gold)] or FOREX [the Foreign Exchange market (for Gold)] or any of the other US markets.

That being said, if something dramatic happens in the world, like the “London Afternoon Fix ” came in at $2000, the COMEX could very well open at any number the free markets dictated.

For example, the London closed but a “dirty bomb” was exploded in San Francisco, then the COMEX could very well open at higher than $2000, if world Gold traders decided to load up on contracts all of a sudden as a financial investment assuming the stock markets around the world would drastically lose money.

It’s the same if the US market closed at $1900, but when Tokyo Gold Exchange opened, some entity had dumped 50 tons of Gold on the world market, Tokyo Gold Exchange price would likely drastically drop in price.

Supply, demand and fear of loss of money drives the Gold Market… in addition to huge influences that artificially suppress the market out of concern for the massive fiat currency scheme we’ve been immersed in for over 100 years.

Lead core Silver Bullion… the same scam happens with Gold Bullion by tungsten core. Buy only prominent minted coins that you can compare to a minted coin you know is real.

Gold markets are supposed to be created the same as all Commodity Markets. Supply and demand. But it certainly is manipulated by other powers. The actions of those buying and selling Gold contracts at any moment in time is what literally creates a market price that people agree is acceptable to buy or sell into.

You can trade gold almost 24 hours a day, from Sunday afternoon at 5 PM to Friday afternoon at 4 PM U.S. Eastern Time through FOREX. FOREX is available for trading 23 hours per day, with one hour shut down each day.

The Paper Price of Gold: The daily ‘Spot Price’ of Gold is determined by the Commodities Exchange trades of the ‘Futures Contracts Price’ and the London Gold Exchange.

You can invest in these Futures Contracts which are usually 100 ounces of Gold or more per each contact. These are paper… supposedly representing Gold… but to get physical delivery of Gold from the Commodities Exchange is unusual and difficult.

The physical hands on purchase of Gold by individuals is almost exclusively done through Gold dealers not Members or associated with the Commodity Exchange or London Gold Exchange. However, they set the daily ‘Spot Price’ of Gold.

The Real Price of Gold

The Real Price of Gold… Physical metal, always trades at something above that Spot Gold price. This is the price that you will pay to get real Gold that you can hold and touch… while also paying some other costs such as shipping and Broker commissions.

Like Silver, when purchasing physical Gold, you will pay above and beyond that Spot Price, due to not only supply and demand, but also because of dealer commissions, shipping, refining, and other handling fees. This will be the final amount you pay per ounce.

But keep in mind, that the price above the Spot market (also known as the premium over Spot) can vary widely, day to day, and even hour to hour… minute to minute.

Warning: No one sells Gold at Spot Price… there are always costs above that per ounce. If advertised as “Gold sold at Spot Price” that’s a scam and expect to be cheated. DO NOT buy from Ebay, which is full of scams… my suggestion is to buy and sell ONLY from reputable Gold dealers.

The Spot Price of Gold PLUS Premium over the Spot Price PLUS shipping PLUS Broker Commission EQUALS… your cost to buy Gold.

Sizes and types of Gold coins to hold

For the average investor, error on the side of caution and buy Gold ONLY in the form of government minted Gold coins that you can verify with another of the same type of coin that you know is real Gold.

Do not buy Gold bullion ingots, ‘Minted’ or not, regardless of how real and authentic they look in any shape or with any ‘explanation’ accompanying them …even if they have mint markings and serial numbers. The Chinese have made an art out of casting Gold around cheap tungsten and other valueless metal cores to produce what looks, feels, weighs and tests like a real mint made Gold ingot. It weighs the same as Gold… looks the same as Gold… tests the same as Gold… but is mostly worthless metal. They promote these actively on the internet and have cheated people out of mega millions of dollars. Many people with their money invested in these, treasure these in safekeeping yet don’t know they’re worth only a small fraction of the value of real Gold and what they paid for them. Many Gold bullion dealers have even been taken by scam Gold ingot bullion. If it seems too good to be true… it probably is fake. If there is an ‘explanation’ it is probably fake. Real Gold stands on its own in recognized minted coins.

You should buy and hold only coins minted by Sovereign Country mints or made exclusively for them. Such as…

• American Gold Eagle Gold Coins (Not all Gold…7 % Gold, 3 % Silver, 5.3% copper) come in 1 ounce, ½ ounce, ¼ ounce and 1/10 ounce coins.
• American Buffalo Gold coins (99.99 % Gold) come in 1 ounce, ½ ounce, ¼ ounce and 1/10-ounce coins.
• South African Krugerrand Gold Coins (Not all Gold…7 % Gold, 3 % Silver, 5.3% copper) come in 1 ounce, ½ ounce, ¼ ounce and 1/10-ounce coins.
• Canadian Maple Leaf Gold coins (99.99 % Gold) come in 1 ounce, ½ ounce, ¼ ounce 1/10-ounce coins 1/20-ounce coins 1/25-ounce coins (about 1 gram).

American Gold Eagles (91.7 percent pure Gold) in 1 ounce, ½, ¼ and 1/10th Ounce sizes.
(Courtesy of CoinNews.net)

Many countries officially mint Gold coins, so, stick to the common Gold coins that you can tell are real Gold coins.

If you’re buying South African Krugerrands in 1/10-ounce size, you’d better have a real 1/10-ounce size Krugerrand to compare it to by weight, shape, mint markings and color.

South African Krugerrand Gold Coins (91.7 percent pure Gold) come in 1 ounce, ½, 1/4, 1/10th ounce sizes.
(Courtesy of the South African Mint)

In the world of Precious Metals, I have seen counterfeit coins many, many times as devious people try to take advantage of YOU… if YOU don’t know how to validate Gold coins you are buying as real.

Hold Gold in ½ ounce, ¼ ounce and 1/10-ounce coins… smaller fractions of an ounce. Why? When Gold becomes an alternative and preferred currency… the price will go through the roof. Consequently, it will be impossible to buy a loaf of bread that costs $7.00 when you have an ounce of Gold worth $5,000? What, cut off a piece… and what is that hacked off piece worth?

Canadian Maple Leaf Gold coins (99.9 percent pure Gold) come in 1 ounce, ½, ¼, 1/10-ounce coins, 1/20-ounce coins 1/25-ounce coins (about 1 gram). (Courtesy of the Canadian Mint)

Unlike Silver that will have a value more proportional to daily purchases you have to make… Gold in one-ounce coins will not be easy to use except for big purchases or trading the Gold for paper dollars that will continue to lose value…

…if that’s why you’re forced to be out in the street with it in the first place.

American Buffalo Gold Coins (99.9 percent pure Gold) are available in 1 ounce, ½, ¼ and 1/10th ounce sizes.
(Courtesy of CoinCollectingNews.org)

If you don’t have the exact same real Gold coin to authenticate the Gold coin you’re buying or don’t have an experienced Precious Metals dealer to validate that the coin is real… don’t buy it.

Summary

Don’t go whole hog and put all your eggs in one basket… and choose good eggs, or you’ll fit into the photo caption at the beginning of Part One… “The financial disaster of people who don’t follow prudent financial guidelines.”

Spread out your ‘eggs.’ This is what you must do to protect the money and value of what you’ve earned. Invest some, or more than some, of what you have in Gold and Silver. The rest… invest wisely in real tangible items of worth.

Under no circumstances should you put Precious Metals into a ‘secure storage’ company’s or a bank safety deposit box. Look at the picture of the Executive Order from Frank D. Roosevelt making Gold possession illegal. Every bank safety deposit box in the United States was opened by the Treasury Department’s ‘Gold Policemen’ and all Gold was confiscated by the federal government.

All Gold (and it is suspect other valuable items) was simply taken with no receipt. I have read rumors that some of these Federal Reserve ‘Gold Policemen’ became multi-millionaires overnight… after all… who polices the police if no one knows if or how much was there? Tempting.

So, who says Gold ownership by Americans will not be outlawed again?

Any further questions about Precious Metals can be directed to Clay Olson at… [email protected]

Stay tuned for the next Civil Defense Manual newsletter on… well, dagnabbit! …I don’t know. Contact me by email on the website CivilDefenseManual.com for what you’d like to hear more about…and I don’t have a crystal ball… so pick from the subject Chapters of the Civil Defense Manual…

https://civildefensemanual.com/whats-in-the-civil-defense-manual/

Other authors, books and resources I recommend for Preparedness and Survival…

Matt Bracken at www.EnemiesForeignAndDomestic.com

Joe Dolio at www.Tactical-Wisdom.com

Christopher Parrett at www.AVOW.com

Don Shift at https://www.amazon.com/Don-Shift/e/

NC Scout at www.Brushbeater.org

Johnny Paratrooper at… https://www.patreon.com/GreenDragonAcademy

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