Precious Metals Still Sprinting - Gold Toward $1000
First, I would like for you to examine a quote from Taipan Daily, as follows:
"If you put $100,000 in a bank account and came back 20 years later to find only $50,000 there, you would scream bloody murder. The loss would count as outright theft.
What many fail to realize is that, when a government goes to town with the printing press, the theft is harder to spot but no less real. Printing up new dollars reduces the value of dollars in circulation… the same dollars that you and I hold. That day-to-day erosion of purchasing power is like draining money out of the bank account, just a little at a time."
This puts the situation which currently exists in a very concise, clear way. The Federal Reserve and our government are stealing from us. When God in the Bible says, "Thou shalt not steal," He is speaking to individuals, businesses, and governments.
Gold is at 964 now and seems to be racing toward $1000 at present. Silver is establishing 27 year new highs and is at 19.68 now. The mining stocks have joined in on the parade, too. I certainly pray and hope that each of you have invested in these areas in the past.
It would seem that we are in line for a correction soon, but the precious metals seem disinterested in such a move. We shall have to wait and see.
Best to each, Doug
"If you put $100,000 in a bank account and came back 20 years later to find only $50,000 there, you would scream bloody murder. The loss would count as outright theft.
What many fail to realize is that, when a government goes to town with the printing press, the theft is harder to spot but no less real. Printing up new dollars reduces the value of dollars in circulation… the same dollars that you and I hold. That day-to-day erosion of purchasing power is like draining money out of the bank account, just a little at a time."
This puts the situation which currently exists in a very concise, clear way. The Federal Reserve and our government are stealing from us. When God in the Bible says, "Thou shalt not steal," He is speaking to individuals, businesses, and governments.
Gold is at 964 now and seems to be racing toward $1000 at present. Silver is establishing 27 year new highs and is at 19.68 now. The mining stocks have joined in on the parade, too. I certainly pray and hope that each of you have invested in these areas in the past.
It would seem that we are in line for a correction soon, but the precious metals seem disinterested in such a move. We shall have to wait and see.
Best to each, Doug
posted by Doug @ 11:42 AM
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