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All We Have To Do Is Buy 1 Physical Ounce of Gold, Each…..

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  • Sat, Oct 03, 2009 - 12:04pm

    #1
    John99

    John99

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    All We Have To Do Is Buy 1 Physical Ounce of Gold, Each…..

“Whatever you do will be insignificant, but it is very important that you do it.” Gandhi.

Want to protect your nest egg, make a great investment, and send a message to every Bankster in the world?

 Buy one physical ounce of gold.

That’s it – simple, and it makes sense to do it.

As we have been reading here on CM and elsewhere, the US dollar must be devalued as the only means possible to fund all the unfunded liabilities facing the government (CNBC interbiew: http://www.michaelcovel.com/2009/09/25/dollar-fun/).

So therefore, dollar down in value = gold up in value (you are protecting your nest egg).

Further, saving accounts are delivering negative real rates of return (after tax and inflation), and so there is no incentive to keep your money in the bank, and added to this, the F.D.I.C. is now in negative territory to cover bank-failure deposits.

All we have to do is buy 1 physical ounce of gold. Protect your assets, and effect a change by sending a message to the banksters of your preference for ‘real money’.

Here’s a Max Keiser short video from Oct 2nd, 2009, where he makes the same suggestion.

http://maxkeiser.com/2009/10/02/ote21-on-the-edge-with-max-keiser-first-half/

To finish with Gandhi, “You must be the change you want to see in the world”

  • Sat, Oct 03, 2009 - 08:26pm

    #2
    Peak Prosperity Admin

    Peak Prosperity Admin

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    Re: All We Have To Do Is Buy 1 Physical Ounce of Gold, …

I don’t know if this is urbane myth but there is a story of a young German who worked as a bellhop in a hotel before Weimer inflation and returned and purchased the hotel with the same gold coin, after hyper inflation hit. Good story, I read a few other variations of same, where the bellhop recieved the gold coin from an American tourist….why, of course–had to be an American who saved the day…right?Wink

The combined money supply rose from 12 billion marks to 63 billion marks during the war. Prior to the hyperinflation of Weimar Germany a bellhop was given a gold coin as a tip. He saved this coin (Gersham’s law) and continued about his business. During the worst of the hyperinflation this same bellhop bought the entire hotel at which he was once employed, for that same gold coin he had saved earlier.

http://www.gold-eagle.com/editorials_00/morgan120800.html

  • Sun, Oct 04, 2009 - 10:51am

    #3
    Peak Prosperity Admin

    Peak Prosperity Admin

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    Re: All We Have To Do Is Buy 1 Physical Ounce of Gold, …

I’m taking 20% of my earnings every month and buying PM’s.  I prefer Ag right now over Au due to the high amount of press that Au is getting.  I don’t like it when there’s too much press on a subject….makes me nervous.

  • Sun, Oct 04, 2009 - 01:11pm

    #4
    Peak Prosperity Admin

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    Re: All We Have To Do Is Buy 1 Physical Ounce of Gold, …

LR wrote,

I’m taking 20% of my earnings every month and buying PM’s.  I prefer Ag right now over Au due to the high amount of press that Au is getting.  I don’t like it when there’s too much press on a subject….makes me nervous.

Excellent, and as the Aussies say, ‘Good on ya!’

As it is a personal question, I won’t ask if you are taking the metals in physical delivery, but hope so, and assume you are aware of the controversies over etf’s like, GLD and SLV, where independent audits have not been preformed to confirm actual bullion is being held for shareholders.

Thanks for sharing and either way, we are sending a message to the banksters.

  • Sun, Oct 04, 2009 - 04:59pm

    #5
    Peak Prosperity Admin

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    Re: All We Have To Do Is Buy 1 Physical Ounce of Gold, …

john99,

Only physical.  I don’t play in the market at all anymore.  Why get involved with a rigged game and I don’t want any of my money being used to make other people money.  I keep it in different locations.  I do keep some in different vaults throughout the world though.  My % changes at times as well.  Back in the spring of 2008 I was at 25% then in the summer I went to 40% all the way to 75% in Sept – Dec. of 2008.  I actually may start ramping up again to 50% soon as I think we’re going to be in a world of hurt very soon with the devaluation of the $ coming.  

Great idea btw!  Keep it coming.  Education on the issues of PM is a constant and I hope the masses start to move toward physical ownership.

Cheers!

  • Sun, Oct 04, 2009 - 05:08pm

    #6
    Peak Prosperity Admin

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    Re: All We Have To Do Is Buy 1 Physical Ounce of Gold, …

I don’t like it when there’s too much press on a subject….makes me nervous.

This makes me very nervous also. All those gold adds all over CNBC makes you really wonder if a top is in?

  • Sun, Oct 04, 2009 - 07:17pm

    #7
    Peak Prosperity Admin

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    Re: All We Have To Do Is Buy 1 Physical Ounce of Gold, …

LR wrote,

I don’t play in the market at all anymore.  Why get involved with a rigged game and I don’t want any of my money being used to make other people money.

Right on LR! I guess we learn things best from our mistakes, and maybe a big benefit of the crash to many of us, is learning your lesson – the game is rigged – against us. We don’t want to play anymore!

idoctor wrote,

I don’t like it when there’s too much press on a subject….makes me nervous.

 

Me too. Fundamentally, PM’s make total sense, but it equally worries me when so many of us are running to one end of the ship at the same time. Also, the fact the Chinese government are recommending it to their people – kind of raises the hairs on the back of my neck….

 

  • Sun, Oct 04, 2009 - 09:52pm

    #8
    Peak Prosperity Admin

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    Re: All We Have To Do Is Buy 1 Physical Ounce of Gold, …

Hey John-

   I have conflicting feelings when I hear that the Chinese are encouraging their citizens to buy  gold.  On one had, I worry like you guys about jumping on to any bandwagon/bubble/con-game. 

   But on the other hand, I think that one of the Chinese goverment’s primary motivations is maintaining stability in their country.  If the dollar crashed, I believe that would be terribly destabilizing for their country.  So if they really believe that the dollar is in trouble, and that a potential crash of the reserve currency could send major shocks through the world economy, then maybe their allowing and encouraging their citizens to buy gold makes all the sense in the world.  If their citizens own gold, they are less likely to be devastated by the collapse of the dollar.  It might be a desperate move, but it sure makes a lot of sense when you think of it that way; as an attempt to recduce the risk of their country being destabilized by a devaluation/collapse of the dollar.

Think of a hurricane warning; when time is of the essence, and analysts see strong indicators of potential devastation on the horizon, they warn people loudly to “evacuate!!” as fast as possible.  Or in the case of our economic situation: “Evacuate the dollar!!  Get out of danger!! Buy gold!!” 

I can’t help wondering if that is what is going on.

  • Sun, Oct 04, 2009 - 11:58pm

    #9
    Peak Prosperity Admin

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    Re: All We Have To Do Is Buy 1 Physical Ounce of Gold, …

China persuading its people to buy gold makes eminent sense to me.  A billion people buying even very small amounts of gold adds up to a lot.  Plus, China probably won’t sell them its gold, it probably wants them to buy on the world market.  All those people buying a little bit at a time won’t affect the price as much as the gov’t buying the same amount, and that gold will then be within reach of the gov’t should it choose to confiscate or pay for it in yuan.

The bottom line is that gold is growing less abundant on world markets.  At some point the manipulators will be forced to capitulate, then all hell is likely to break loose.  I heard somewhere recently, sorry can’t remember who said it, but many of you probably heard it also, but he predicted in an off hand way that if gold hits $1500 or $2000 the dollar will collapse.  By any standard, that’s horrific, even if you have a lot of it.

Doug

  • Mon, Oct 05, 2009 - 04:06am

    #10
    Peak Prosperity Admin

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    Re: All We Have To Do Is Buy 1 Physical Ounce of Gold, …

Might have been Jim Sinclair but he doesn’t really say anything “offhandedly” about dollar collapse and gold surging. He has for years been preaching that scenario. Interestingly, the local dealers in Central Texas here are aflood with gold. Some say the sellers are 2 to 1 on the buyers while others say it is 6 to 4. Probably because it is at that $1,000 level again many believe it has topped. I also note most commercial sellers have ready inventory of most PMs with quick shipping times. Certainly this is nothing like last fall when PMs were very scarce. The airwaves are being bombarded with gold advertisements. Are people really buying nationally? I wonder.

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