Gold … Put Your Trust in It!
In the early 1600's, King Phillip of Spain wiped out his war debts by debasing copper coinage by 2/3rds, fueling rapid inflation. In the 1930's the US government confiscated gold, devalued the paper currency by 41% and the Supreme Court then refused to honor the promise written on every Gold Certificate that the bearer could redeem it for "gold coin" on deposit with the Treasury. Trust is indeed the word, and it's rapidly running out…. you can't trust government, you can't trust investment advisers, you can't trust public companies, you can't trust their auditors. But you can trust a real gold nugget in your hand. It is the only asset without counterparty risk and the need to trust someone. Arizona gold prospecting
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Gold! Excellent blog post, thank you for sharing that with everyone. I’d love to use this article, or at least part of it on my webpage – Zyzz
I hear that the Comex Gold may default in 2009 sometime because they will not be able to deliver physical gold as promised when more and more investors lose confidence in paper.
San Diego Attorney
Gold strength would undermine the power of the international banking system. They will go to great risk and expense to suppress gold rallies.
San Diego Medical Researcher
It is only the US that sees gold as a relic.
The rest of the world still sees gold as money and the “smartest people in the room” in the US will feel the pain of their mistake about gold as money to the rest of the world.
It might be time for the US to loose its role as leader in the world because it has lost its way.
This new century will be led by the Pacific rim countries and only supported by the US when we get our act back together…say like in five years from now. After the Democrats fail miserably to turn our country into a socialist nation.
San Diego Cosmetic Surgeon
Gold as the only real Money. I still have some of the Old Gold & Silver certs,that are nothing but a broken promise by our government after the Federal Reserve took control of our Nations money supply. Not only have Trillions of toxic paper not yet come into the light of day,what has been done to date, is like putting a band-aid on a gun shot hole, direct to the heart of the worlds economy. I say close all of the remaining casinos & save time & money and let the free markets take their place!
Houston Legal Services