Inflation is up.
Incomes are down.
The government brags about the recovery while working folks scratch their heads.
Other countries are beginning to demand their gold be returned to them.
Pension plans are being eyed by the government to paper over their spending screw-ups.
Money is being confiscated at every whim; clearly the government is desperate.
Good news! A quarter can still buy a gallon of gas!
Why You Should Buy Gold
If you have been watching the news lately you know that those who are selling gold are painting a woeful picture indeed of the state of the dollar and its value.
Sadly, they are telling you the truth. The United States uses its position as the issuer or the world’s reserve currency to export its inflation to other countries and they are getting tired of it.
You might also want to look at their emphasis on buying gold as an ominous development. Personally I see the drop in price as a reason to get all I can. Neither the price of gold or silver is, in my opinion, an accurate reflection of its true value. I have heard some experts say we will see the day when 500 ounces of silver will buy a nice house. I do not doubt it myself.
International Game of Gold Chicken
The US is all twitchy over the BRIC countries trying to…and I think they have already conducted some transactions using something other than the dollar to settle their international transactions. The damage to the US’s economy if the dollar loses its reserve status is pretty much incalculable.
China is buying gold and they are not selling it.
Germany wanted its gold back, but some backroom nut squeezing made the Germans relent…for now. Some say they are afraid the US does not have the gold and does not want to know what that news would do to the economies of both nations.
Inflation Is An Illusion
Consider this in your own case. Odds are you may remember when gas was a lot cheapwer than today. I personally remember gas at 35 cents a gallon. That was back when we still used silver coinage at 90% silver, 10% copper.
In 1964 a quarter would buy a gallon of gas. Well, guess what? A 1964 quater will still buy a gallon of gas. Carrying that a step further, I can fill up my car on $3.25 in 1964 quaters.
Prices have not risen. The value of the money in your pocket has been degrade. Why? Because the government will always print money to pay bills the people will not stand for through direct taxation.
America is known for its generosity. It should be known for its stupidity because that generosity comes at the price of poverty imposed on the unborn.
Gold In Your Possession Is Secure
Remember what happened recently to the Greeks? I knew they had lost a significant percentage of their savings to the European banks but I could not remember how much it was.
They lost 60%.
Because the folks in Cyprus trusted the EU, and their government did as most do covering expenses on dificit spending, the money they kept in their banks was reduced by 60% overnight despite supposedly being insured.
You Should Buy Gold Because It Is Not Easily Consfiscated
Gold you hold in your hand, or in your closet or behind 4 strong doors, the last of which is a safe door, can only be confiscated if someone knows it is there. It cannot be drawn out of your house by some NGO shenanigans or some bureaucratic over reaching.
Besides, if they resort to confiscating gold and silver, we are then having a different conversation altogether, right?
Points On Why You Should Buy Gold
Here are some reasons to buy gold, right now:
- If you have an ounce of gold or silver, it cannot be inflated away. It is still there, laughing at paper money.
- Gold and silver in your possession cannot easily be seized.
- Everyone on the planet recognizes gold and silver for the value it holds.
- Gold and silver can be easily divided into smaller quantities to make convenient purchases.
- The stamina of their buying power can easily be demonstrated. An ounce of gold pretty much buys today what it bought during Roman times in terms of food and clothing.
KaratBars Are Convenient and Affordable
Most folks can afford an ounce of silver. Most folks have trouble choking down an ounce of gold. Those are the realities of the economy.
Karatbars allows you to purchase gold in convenient 1 gram amounts, making your ability to buy gold as convenient as buying silver.
You can also do your friends and neighbors a favor and introduce them to the idea of buying gold in gram quantities.