I was interviewed today on The Financial Survival Radio Network by Kerry Lutz. This is a discussion about the gold and silver market, gold manipulation, hyperinflation and QE3.
This is my second interview in a bi-weekly series I will be doing with Kerry on the Financial Surival Radio Network. Please send me any questions you have to Kerry Lutz and we can use them for topics on future shows.
By Kirsty Hogg
http://www.fundsingold.com/
Goldvestments Copyright © 2011
Showing posts with label inflation. Show all posts
Showing posts with label inflation. Show all posts
Wednesday, July 13, 2011
Wednesday, April 27, 2011
How Can the US Dollar Affect the Rest of the World's Currencies?
Here is a rare article from the Gold Tribe Newsletter - There is no direct link as this is a private newsletter). This is a wonderful essay that exemplifies the notion that even if you do NOT live in the USA, you really SHOULD worry about what is happening with the US Dollar today and look where it is going.
As we know all too well, the world's fiat currencies are backed with nothing but faith - and as soon as that confidence begins to wane, this whole thing will begin to unravel quickly. In times like this, people historically run to something more stable and of a store of value. I continue to encourage people to continue to buy gold and silver. Here is the article written by Simon Heapes:
My Country Does Not Use the US Dollar, So Why Should I Care? By Simon Heapes
I will attempt to explain here why you should care. Let’s begin by looking at one of the symptoms of inflation known commonly as “debt‟ in simple terms.
The reserve currency of the world is the US Dollar. As I have stated be-fore, money creation of the US$ has doubled in recent times compared to the last 50 years of the US Dollar’s inflated rates. The reserve banks for every country in the world hold the vast majority of their reserves in the form of US$ Treasury Bills, bonds and notes. These are financial IOU instruments similar to certificates of an underlying asset. This came into effect in the early 1980s when all western nations floated their respective currencies against the US Dollar. It’s interesting to note how politicians and media put a spin on words calling what was effectively backing all nations’ currencies with US Dollars as "floating" them!
The US Treasury creates this money simply by asking Congress to increase the debt ceiling whenever the debt it has already issued reaches that ceiling. It is currently raised to above $14.5 Trillion. That can take varying amounts of time depending on how much inflating the Treasury is doing at the time. For example, the debt ceiling has been lifted year in and year out now for the last three years and will probably be raised again and again.
So what happens with foreign central banks? A nation's exporters receive US Dollars in return for their exports to the US as well as others nations. (Nations are currently forced to use US Dollars, because it is the world’s reserve currency in exchange for goods and services between them.) Then the exporters go to their own bank and exchange the Dollars for the local currency. Their bank does the same thing by going to the central bank of its own nation. The central bank then takes the Dollars and uses them to buy Treasury paper. Thus, the Dollars the US spends on imports are recycled back to the USA.
In essence, the asset backing for the world’s economic system is nothing more than a borrowing operation from the US to foreign nations’ reserve bank treasuries.
It is US Dollars in foreign nations‟ reserves which back their own Reserve Banks thereby underpinning all nations‟ currencies around the world with a few exceptions. The central banks of these foreign nations then use these reserves as a base upon which they inflate their own currencies.
There are two limits to the amount of money avail-able to be borrowed:
1) One is the 'debt ceiling' that must be ap-proved by Congress determining the over-all limits.
2) The second is the amount of money that a Treasury is prepared to spend its own currency on to top up the borrowing.
At this stage there doesn't seem to be a political limit to raising the debt ceiling if the last few years are any example of it abating. Inflation was and is inevitable.
The amount of Treasury Bills purchased is used as a device to manage the value of foreign nations‟ own currencies against the US$ thereby being able to inflate their currencies as a due process.
Something to think on:
1) As of 2005, Gold measured in all currencies was steadily increasing.
2) You cannot study the subject of Gold and Silver without studying its counterfeit, that being the world’s paper currencies.
Until next time, Simon HeapesTreasury Secretary of YOUnique
END
Best to you,
Kirsty Hogg
Goldvestments Copyright © 2011
Saturday, June 19, 2010
When Is A Good Time to Buy Gold and Silver?
Why Is It Now Crucial To Our Finances And Future To Buy Gold and Silver?
One of the things I encounter regularly is the overall lack of awareness by the general population on why we should be buying gold and silver. And not just buying it here and there like some kind of hobby or collectors’ item, but transferring a good portion of your savings into tangible metals. I feel compelled to write this entry to address this immediately. Simply stated everyone needs to begin doing this now for the following reasons.
Inflation:
We need to protect our savings from a silent economic cancer that robs us of our prosperity even while we sleep; inflation! Alan Greenspan (Before he went over to the dark side) said in his famous essay, "Gold and Economic Freedom", "In the absence of the gold, there is no way to protect savings from confiscation through inflation. There is no safe store of value.”
We work hard for our money and are already faced with a long list of taxes th
at already cut into our earnings. Overtime, inflation eats into your savings and your hard earned money, robbing you the natural opportunity to keep up with the cost of living. Inflation exists due to global central banking systems and fractional reserve banking. This is a sophisticated system where the issuing government allows their central banks to create non-gold or silver backed currency at their discretion. It is plainly and cleverly deconstructed here in Chapter 8 of Chris Martenson's Crash Course. Essentially, it becomes a massive counterfeit printing press where paper money is loaned back into the market. It is this influx of additional money in the market place that causes an increase in prices.
Gold and silver over many millennia have proven to be inflation-proof. They are not subject to inflation like paper money and hold their purchasing power. When our money was backed 100% by the the gold standard, there was little to no inflation per the inflation chart above (bear in mind also President Nixon completely denied and abandoned all gold backing in 1971).
You can find out more here why the little square pieces of paper in your wallet are actually worthless in this piece called "What is Money"? by Jeff Nielson.
National Debt Crisis: The national debt has now been conservatively estimated at 13 Trillion Dollars. In the 1950's the USA lead the world in manufacturing and were the
world's largest creditor. Now, the table has completely turned and they are the world's largest debtor! Since the USA no longer has a strong manufacturing base and simultaneously has extravagant government spending habits, this debt has grown so big that there is no way the current generation can pay it off. Enter the morality issue. This debt now belongs to our children and their children. Is that fair to them? When speaking about any debt, it is important to understand the power of compounding math. As the interest compounds on this size of debt, its steady growth can suddenly shoot up to parabolic proportions like this graph. Considering that the US Government is doing nothing drastic to stop unnecessary spending and eliminate national debt, where do think this graph will go from here? This is the bubble of all bubbles! The Debt Bubble. The US has been borrowing from the rest of the world for years now. What happens when its creditors call in that debt? This will burst the bubble.
This is why it's crucial to be financially prepared for the worst. Just because our lives are seemingly not being affected that much right now, but due to the exponential growth factor of a massive debt and no sign of anything being done to correct it, the debt will continue to rapidly grow. Without much warning, things can go from bad to much worse very suddenly. Consider also that the US Government really has no means of paying this debt off and of course, eventually, China and other countries will stop lending them the money.
Buying gold and silver will protect you from this kind of economic fallout as well as the debasement of our currency and hyperinflation.
Finally, we are going to address this not much talked about but very important factor in why NOW more than ever it is the right time to buy gold.
Gold and Silver are Honest Money
They are elements of the earth that have always reflected man's labour to extract and refine them into a useable product and therefore have always had real value. Gold and Silver are an enemy of Wall Street because in history, when gold prices go up, it means the economy is going in the toilet and it is a sign of the devaluation of the currency. Governments and central banks don't like them because they can't print them into existence like they can fiat currency. I wanted to point out that despite this outside manipulation, gold has still risen 400% in the last 10 years, so the central banks scheme in stopping the driving force of gold constantly asserting itself as true money is failing. Several experts in the industry have pointed out that gold is still very undervalued today and without this daily tampering on the spot price, it should be almost twice as much as it is now and will continue to go up from there accordingly.
One of the things I encounter regularly is the overall lack of awareness by the general population on why we should be buying gold and silver. And not just buying it here and there like some kind of hobby or collectors’ item, but transferring a good portion of your savings into tangible metals. I feel compelled to write this entry to address this immediately. Simply stated everyone needs to begin doing this now for the following reasons.
Inflation:
We need to protect our savings from a silent economic cancer that robs us of our prosperity even while we sleep; inflation! Alan Greenspan (Before he went over to the dark side) said in his famous essay, "Gold and Economic Freedom", "In the absence of the gold, there is no way to protect savings from confiscation through inflation. There is no safe store of value.”
We work hard for our money and are already faced with a long list of taxes th
at already cut into our earnings. Overtime, inflation eats into your savings and your hard earned money, robbing you the natural opportunity to keep up with the cost of living. Inflation exists due to global central banking systems and fractional reserve banking. This is a sophisticated system where the issuing government allows their central banks to create non-gold or silver backed currency at their discretion. It is plainly and cleverly deconstructed here in Chapter 8 of Chris Martenson's Crash Course. Essentially, it becomes a massive counterfeit printing press where paper money is loaned back into the market. It is this influx of additional money in the market place that causes an increase in prices. 
Gold and silver over many millennia have proven to be inflation-proof. They are not subject to inflation like paper money and hold their purchasing power. When our money was backed 100% by the the gold standard, there was little to no inflation per the inflation chart above (bear in mind also President Nixon completely denied and abandoned all gold backing in 1971).
You can find out more here why the little square pieces of paper in your wallet are actually worthless in this piece called "What is Money"? by Jeff Nielson.
National Debt Crisis: The national debt has now been conservatively estimated at 13 Trillion Dollars. In the 1950's the USA lead the world in manufacturing and were the
world's largest creditor. Now, the table has completely turned and they are the world's largest debtor! Since the USA no longer has a strong manufacturing base and simultaneously has extravagant government spending habits, this debt has grown so big that there is no way the current generation can pay it off. Enter the morality issue. This debt now belongs to our children and their children. Is that fair to them? When speaking about any debt, it is important to understand the power of compounding math. As the interest compounds on this size of debt, its steady growth can suddenly shoot up to parabolic proportions like this graph. Considering that the US Government is doing nothing drastic to stop unnecessary spending and eliminate national debt, where do think this graph will go from here? This is the bubble of all bubbles! The Debt Bubble. The US has been borrowing from the rest of the world for years now. What happens when its creditors call in that debt? This will burst the bubble. This is why it's crucial to be financially prepared for the worst. Just because our lives are seemingly not being affected that much right now, but due to the exponential growth factor of a massive debt and no sign of anything being done to correct it, the debt will continue to rapidly grow. Without much warning, things can go from bad to much worse very suddenly. Consider also that the US Government really has no means of paying this debt off and of course, eventually, China and other countries will stop lending them the money.
Buying gold and silver will protect you from this kind of economic fallout as well as the debasement of our currency and hyperinflation.
"As the sovereign debt crisis deepens and the debasement of national currencies at the hands of central bankers and politicians becomes increasingly recognized, more and more people are starting to understand the true nature of gold. It is not only money, but a better money than any national currency." James Turk
The Long Term Manipulation of the Price of Gold and Silver.
Finally, we are going to address this not much talked about but very important factor in why NOW more than ever it is the right time to buy gold.
The Governments and central banks along with other players such as Federal Reserve and Treasury, various other central banks, and bullion banks like Goldman Sachs and JP Morgan Chase in a couple of different ways are surreptitiously suppressing the spot price of gold and silver in the market every day. They do this to satisfy their agenda of maintaining their positions and the status quo. It can be summed up quite nicely in this Daily Bell interview with Chris Powell of GATA.
Gold and Silver are Honest Money
They are elements of the earth that have always reflected man's labour to extract and refine them into a useable product and therefore have always had real value. Gold and Silver are an enemy of Wall Street because in history, when gold prices go up, it means the economy is going in the toilet and it is a sign of the devaluation of the currency. Governments and central banks don't like them because they can't print them into existence like they can fiat currency. I wanted to point out that despite this outside manipulation, gold has still risen 400% in the last 10 years, so the central banks scheme in stopping the driving force of gold constantly asserting itself as true money is failing. Several experts in the industry have pointed out that gold is still very undervalued today and without this daily tampering on the spot price, it should be almost twice as much as it is now and will continue to go up from there accordingly.
Today's prices are artificially low and there will come a day when the long arm of manipulation will be exposed to the point where it will stop. When you push something down for years that has its own life and propulsion in the global market, it stores up energy and when that interference ends, like a coiled spring, the market will explode and the price of gold will go up very quickly. This is all illustrated very nicely in this video of Mike Maloney interviewing Bill Murphy, Chairman of GATA.
The only good thing about this situation is that it creates a buying opportunity for people to get into the gold and silver market before it soars.
The only good thing about this situation is that it creates a buying opportunity for people to get into the gold and silver market before it soars.
By Kirsty Hogg
YOUnique Gold Tribe Member
Goldvestments Copyright © 2010
Wednesday, May 19, 2010
Why Does the Price of Gold Go Up?
Traditionally, there are many variables that have affected the price of gold in the market place. Here are some fundamental guidelines: -When the US Dollar goes up, Gold goes down
-When stocks go down, Gold goes up
-When oil goes up, Gold goes up
Because there is so much volatility in the market place today and signs show we are in an inflationary period, the rules above no longer seem to really apply and the gold market has now taken on a life of its own.
There are other things that affect the price of Gold like knee-jerk reaction buying and selling based on fear and greed. Collapsing currencies, countries going bankrupt, rumors of war and war, etc. have always affected the price of Gold. People flock to gold as a safe haven during these times.
Of course, there is also the long-term manipulation of the price of gold. The spot price of gold and silver have been manipulated and suppressed for many decades by the central banks, governments and JP Morgan. This was something that was dismissed as conspiracy theory bunk only a year ago and now that the Andrew McGuire story broke through to the international main stream media, thanks to Bill Murphy of GATA, it is being accepted more and more as fact throughout the world.
Recent comments by the media and people such as George Soros that gold is the ultimate bubble seem asinine to me when you consider the following:
- Federal Reserve and other central banks printing money (out of control) causing inflation.
- Gold for millennia has been a safe storage of value – Historically, all civilizations and cultures go back to gold after they debase their currencies. Washington is allowing the Federal Reserve to print money into existence and there are no signs on the horizon that this will end or slow down. - If you look at any historical gold chart, gold has risen with small corrections and pull-backs along the way and in the big picture, steadily climbed. This is a classic sign that gold has been chronically bullish with no bubble in sight.
- Basic Supply and Demand Fundamentals: There is less than 1/2 an ounce of gold above the ground per person alive on the planet right now. What does that mean when failing currencies prompt everyone at once to turn to something more sound?
- Jim Rogers was quoted that he is not selling any of his gold. If gold goes down, he’ll buy more. If it goes up, he’ll still get more. He is certain that due to the imbalances in the world economy and financial system right now, we are heading towards a currency crisis in the next year. Does this sound like the actions of someone who has heavily invested in a commodity that is in a bubble status?
- China has already said that their demand for gold will double in the next 10 years. Is this bubble talk?
- Looming currency crises globally - You cannot open a newspaper or turn on your TV today without being told about the declining Euro and other failing currencies. This will become more prevalent in the media in the coming months.
Finally, because we know gold is inflation-proof, we know that the price of gold isn't actually going up or increasing in value, it is the value of the dollar that is decreasing. An ounce of gold purchases the same today as what it did 2000 years ago. It is the purchasing power of the dollar that is decreasing.
As Simon Heapes said “You cannot study the subject of Gold and Silver without studying its counterfeit, that being the world’s paper currencies.” Simon also recently reminded us that “Taking time to study history gives you the "jump on the crowd." History repeats. Consider King Solomon who said, "There is nothing new under the sun, that that is, is that that will be again." This is particularly true with markets and the emotional reactions of the crowd”.
In history, we have learned that in times of economic hardship and despair, there is also great opportunity. Ask me how you can participate and position yourself for the “Great Wealth Transfer”, which will accompany the looming financial crash.
By Kirsty Hogg
YOUnique Gold Tribe Member
http://www.fundsingold.com/
Goldvestments Copyright © 2010
Friday, May 14, 2010
MELTUP - A New Documentary by The National Inflation Association
Hello Everyone,
I just thought I would post the new documentary by NIA – “Meltup” for all to view. Any discussion or comments are welcome.
I just thought I would post the new documentary by NIA – “Meltup” for all to view. Any discussion or comments are welcome.
Saturday, April 3, 2010
SECRETS OF THE WEALTHY SERIES: Why Buy Gold?
Why Buy Gold?
A hedge against Inflation - Hyperinflation Survival - To Protect My Family
One of things I learned from reading the incredible book, “Stories from the Desk of a Bullion Banker”, written by Phillip Judge, on what is going on in our lives today is that there is a global need to combat inflation; the silent economic cancer that plagues our lives on every continent of the planet.
What is inflation?
Our first thought is to think that inflation means prices increasing. In the context of general conversation, this sounds correct, but it isn't. Inflation in the economic sense means to inflate money. By this I mean to increase the availability of money, or plainly putting it, printing more money into existence. When we increase the circulation of money but the availability of goods and services remain the same, this causes an increase in prices. So, when you hear the word inflation, it isn’t prices mysteriously getting higher, it means that the prices are higher AS A RESULT of an increase in the money supply. Inflation is a silent tax that robs people of their savings, purchasing power and prosperity.
In order to combat inflation, we need to find something that will always hold its value. We need to find something that is not subject to the effects of an increased money supply. For many millennia, gold and silver have remained a stable currency; their purchasing power has never changed and they have proved to be inflation-proof assets.
To demonstrate, in 600 AD, 3 grams of silver (a silver Dirham) would buy a chicken. Guess what, in England today, 3 grams of silver will still buy a chicken. We can demonstrate this further by looking to ancient Roman times. Around 1 AD in the Roman world, for one ounce of gold; one could buy a fine toga, a wool coat, handcrafted leather sandals and belt. Today in 2009, for once of gold (1100 USD March 2010 AD) a man can buy a tailored suit, cotton shirt, tie, belt and a pair of leather shoes.
Silver and gold are a reliable, solid safe haven to store your wealth and protect it against inflation. By keeping your money in fiat currency – Dollars, Euro, Pounds, etc. you are subjecting your hard earned savings to both inflation and devaluation.
Question
Where are you storing your hard earned money now? In a savings account? "High Interest" account? At all times, inflation is eating away at your savings, even while you sleep.
In the absence of gold, there is no way to protect savings from confiscation through inflation. There is no safe store of value.” Alan Greenspan
Let me know if you are ready to save your money in tangible gold and silver. I buy gold and silver in a variety of forms to protect my family.
By, Kirsty Hogg
YOUnique Gold Tribe Memberhttp://www.fundsingold.com
Goldvestments Copyright (c) 2010
Sources:
anglofareast.com
"Millenium Money" DVD Australia Fair Publishing.
Judge, P. "Stories from the desk of a Bullion Banker
chrismartenson.com
I leave you with this installment from Chris Martenson's Crash Course, Chapter 10 "Inflation".
A hedge against Inflation - Hyperinflation Survival - To Protect My Family
One of things I learned from reading the incredible book, “Stories from the Desk of a Bullion Banker”, written by Phillip Judge, on what is going on in our lives today is that there is a global need to combat inflation; the silent economic cancer that plagues our lives on every continent of the planet.
What is inflation?
Our first thought is to think that inflation means prices increasing. In the context of general conversation, this sounds correct, but it isn't. Inflation in the economic sense means to inflate money. By this I mean to increase the availability of money, or plainly putting it, printing more money into existence. When we increase the circulation of money but the availability of goods and services remain the same, this causes an increase in prices. So, when you hear the word inflation, it isn’t prices mysteriously getting higher, it means that the prices are higher AS A RESULT of an increase in the money supply. Inflation is a silent tax that robs people of their savings, purchasing power and prosperity.
In order to combat inflation, we need to find something that will always hold its value. We need to find something that is not subject to the effects of an increased money supply. For many millennia, gold and silver have remained a stable currency; their purchasing power has never changed and they have proved to be inflation-proof assets.
To demonstrate, in 600 AD, 3 grams of silver (a silver Dirham) would buy a chicken. Guess what, in England today, 3 grams of silver will still buy a chicken. We can demonstrate this further by looking to ancient Roman times. Around 1 AD in the Roman world, for one ounce of gold; one could buy a fine toga, a wool coat, handcrafted leather sandals and belt. Today in 2009, for once of gold (1100 USD March 2010 AD) a man can buy a tailored suit, cotton shirt, tie, belt and a pair of leather shoes.
Silver and gold are a reliable, solid safe haven to store your wealth and protect it against inflation. By keeping your money in fiat currency – Dollars, Euro, Pounds, etc. you are subjecting your hard earned savings to both inflation and devaluation.
Question
Where are you storing your hard earned money now? In a savings account? "High Interest" account? At all times, inflation is eating away at your savings, even while you sleep.
In the absence of gold, there is no way to protect savings from confiscation through inflation. There is no safe store of value.” Alan Greenspan
Let me know if you are ready to save your money in tangible gold and silver. I buy gold and silver in a variety of forms to protect my family.
By, Kirsty Hogg
YOUnique Gold Tribe Memberhttp://www.fundsingold.com
Goldvestments Copyright (c) 2010
Sources:
anglofareast.com
"Millenium Money" DVD Australia Fair Publishing.
Judge, P. "Stories from the desk of a Bullion Banker
chrismartenson.com
I leave you with this installment from Chris Martenson's Crash Course, Chapter 10 "Inflation".
Saturday, March 13, 2010
First Grocery Store to Accept Silver
The National Inflation Association recently posted a video that really struck a chord with me. Take a look at this portrayal of an actual purchase of regular convenience store items with tangible silver.
Although my favourite form of tangible silver is of the privately minted bullion round or bar variety (due to the pristine 999 fine silver and the low premium), I will now be taking a second look at junk silver.
This video conveys two powerful points:
1) We are not too far off from this type of business to be as commonplace in every city.
2) These low-budget, educational videos are a really powerful tools to portray some pretty complex issues in very uncomplicated way. So let's get out there and make some videos.
Although my favourite form of tangible silver is of the privately minted bullion round or bar variety (due to the pristine 999 fine silver and the low premium), I will now be taking a second look at junk silver.
This video conveys two powerful points:
1) We are not too far off from this type of business to be as commonplace in every city.
2) These low-budget, educational videos are a really powerful tools to portray some pretty complex issues in very uncomplicated way. So let's get out there and make some videos.
Sunday, March 7, 2010
The Eve of Destruction?
Well it’s been 2 years since the whole notion of the importance of acquiring inflation proof assets entered my world, and let me tell you, it couldn't have happened at a more opportune time. I sat wide-eyed as I watched the whole Fanny Mae and Freddy Mac saga unfold before my eyes. This was what the likes of Richard Martin, Peter Schiff and Marc Faber had been predicting for months, and I had just finished taking it all in when it hit the mainstream media. I was on the phone with a friend when the news feeds hit the net. We could not believe our ears. “Is this it?”, I thought, “is this the beginning of the end of life as we know it?”
Then the ensuing images of regular families who so ill-advisedly “bit off more than they could chew” ending up in homeless shelters, motels, parking lots, or “tent cities” were unbearable. And to watch the audacity of the media as they blamed the families for purchasing something they couldn't afford, all the while, begging for a bail out for Fanny and Freddie; the culprits who caused the crisis to begin with.
Well it turns out that that the sky was not falling that day, but it was definitely a warning shot. With the Federal Reserve continuing to print money into existence, and the Federal debt growing exponentially, the foundation of this 100 year experiment called “non-gold backed, fiat currency” has been eroded and the economy is definitely on its slow decent into hyper-inflation.
Many seem to argue that things are turning around, the economy is getting better. We are told to cheerfully continue buying stocks and watch the stock market “rally”. But common sense simply dictates to take a look around you. What are we actually seeing in our lives today? Increased unemployment, record inflation, increased homelessness and the existence of “modern day shanty towns” N.America.
Can we rely on the government to rebalance the economy? As Chris Martenson so succinctly described it in the “Crash Course”, he states we are now in a situation with an outcome, and it is just a matter of how we are going to handle the “outcome”. What are some things we can do to lessen the blow of the outcome?
More and more it makes sense to store your wealth in something that is inflation proof. I for one will be buying gold and silver in a variety of forms.
Kirsty Hogg
http://www.goldvesting.com/
http://www.fundsingold.com/
http://www.goldvestments.com/
Then the ensuing images of regular families who so ill-advisedly “bit off more than they could chew” ending up in homeless shelters, motels, parking lots, or “tent cities” were unbearable. And to watch the audacity of the media as they blamed the families for purchasing something they couldn't afford, all the while, begging for a bail out for Fanny and Freddie; the culprits who caused the crisis to begin with.
Well it turns out that that the sky was not falling that day, but it was definitely a warning shot. With the Federal Reserve continuing to print money into existence, and the Federal debt growing exponentially, the foundation of this 100 year experiment called “non-gold backed, fiat currency” has been eroded and the economy is definitely on its slow decent into hyper-inflation.
Many seem to argue that things are turning around, the economy is getting better. We are told to cheerfully continue buying stocks and watch the stock market “rally”. But common sense simply dictates to take a look around you. What are we actually seeing in our lives today? Increased unemployment, record inflation, increased homelessness and the existence of “modern day shanty towns” N.America.
Can we rely on the government to rebalance the economy? As Chris Martenson so succinctly described it in the “Crash Course”, he states we are now in a situation with an outcome, and it is just a matter of how we are going to handle the “outcome”. What are some things we can do to lessen the blow of the outcome?
More and more it makes sense to store your wealth in something that is inflation proof. I for one will be buying gold and silver in a variety of forms.
Kirsty Hogg
http://www.goldvesting.com/
http://www.fundsingold.com/
http://www.goldvestments.com/
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