Now is the time to invest in a true physical asset for the future. Gold rose above $1,700 an ounce in early September soon after the Federal Reserve Bank announced its intention to begin a new round of Quantitative Easing. It is another way of saying they will print a lot more dollars. Hovering around $1,750 an ounce, gold continues to be a single investment for the world's greatest bargain hunters. As time passes, it is becoming apparent that stocks, bonds, and property in America and in many European countries are propped up on borrowed funds and borrowed time.
Bear in mind, world economies have left the gold standard since the early 1970's, due to the fact Nixon unpegged the US dollar from gold as a way to prop up a dysfunctional economy at that time. Had we adhered to the Gold Standard, the currencies backed by gold, the politicians and bankers would happen to be forced to become accountable for their fiscal policies and actions.
Money today is not based on anything tangible or of intrinsic value. It has only a perceived value at whatever level currency traders and speculators think it is. Politicians and central bankers since Nixon have been free to print fiat money (a piece of paper with numbers on it) at will without control or restraint to keep their game going. These currencies have since been played off each other as in a game of monopoly. One clue of impending doom is the fact that every fool with greed in his heart can now trade currencies online.
As the unmasking of the great deception accelerates, countries with manageable debt and natural resources will see their currencies decline slower in relation to the US dollar, but all currencies will decline in relation to gold.
It will be the minority of savvy and erudite investors who pause to take notice that the emperor has no clothes. It will be the astute who shed themselves of the attractive burdens they have accumulated and put at least some of what is still marketable into gold. It will be the shrewd and brave who have the resources in the form of universally accepted coin, gold, to live reasonably well during the shakeout and to pick up the bargains for literally pennies on the dollar when the storm finally passes.
As a matter of fact, most people regardless of how nicely intended or educated, fail to take the lessons of history seriously. They continue to live with blinders on content and with petty self-interest. Nero fiddles whilst Rome burns. All of these discussed above are amongst the causes why gold is going to go up in a secular bull market. Owning gold bullion or gold coins is decidedly a very smart decision for the long haul.
Bear in mind, world economies have left the gold standard since the early 1970's, due to the fact Nixon unpegged the US dollar from gold as a way to prop up a dysfunctional economy at that time. Had we adhered to the Gold Standard, the currencies backed by gold, the politicians and bankers would happen to be forced to become accountable for their fiscal policies and actions.
Money today is not based on anything tangible or of intrinsic value. It has only a perceived value at whatever level currency traders and speculators think it is. Politicians and central bankers since Nixon have been free to print fiat money (a piece of paper with numbers on it) at will without control or restraint to keep their game going. These currencies have since been played off each other as in a game of monopoly. One clue of impending doom is the fact that every fool with greed in his heart can now trade currencies online.
As the unmasking of the great deception accelerates, countries with manageable debt and natural resources will see their currencies decline slower in relation to the US dollar, but all currencies will decline in relation to gold.
It will be the minority of savvy and erudite investors who pause to take notice that the emperor has no clothes. It will be the astute who shed themselves of the attractive burdens they have accumulated and put at least some of what is still marketable into gold. It will be the shrewd and brave who have the resources in the form of universally accepted coin, gold, to live reasonably well during the shakeout and to pick up the bargains for literally pennies on the dollar when the storm finally passes.
As a matter of fact, most people regardless of how nicely intended or educated, fail to take the lessons of history seriously. They continue to live with blinders on content and with petty self-interest. Nero fiddles whilst Rome burns. All of these discussed above are amongst the causes why gold is going to go up in a secular bull market. Owning gold bullion or gold coins is decidedly a very smart decision for the long haul.
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