Saturday, October 30, 2010

The Pathetic, Willfully Ignorant, Anti-Gold Argument!

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I have reprinted the moronic article below, with my comments immediately following (in bold), to help illustrate the "mindset" of the average sheeple towards the sanity of precious metal investing. May God preserve us from these poor, trusting, ignorant sheep for whom the slaughter is soon to come! PS. Be patient. You have to read through their pathetic "attempt" at humor in the first part of the article.

Bed Bugs, Stink Bugs and Gold Bugs – What’s the difference?

October 22, 2010

Evidently Bugs are all the rage today. We have Bed Bugs Infesting New York City, we have Stink Bugs infesting Philadelphia, Pennsylvania and we have Gold Bugs infesting the entire country.

Let’s define Stink Bugs, Generally they look like this vile creature:

Stink Bugs infest your home, your car and your house. You can’t kill them because they let out a vile smell that is similar to having a skunk bomb your living room. So you have to vacuum them up, or do like what most residents of Pennsylvania do, use a tissue and pick up that thing and drop it in the toilet and flush it down.

These vile animals are not from America, they were imported by Toyota in the 1990′s from Japan, rumour has it that some car salesman in Allentown. PA opened up the Toyota to make a sale… saw those stink bugs sitting there… he killed one one of them… learned why they are called “stink bugs” and then proceeded to swoosh them off rather than killing them so the client didn’t see them (or smell them).

10 years later, the entire North East is infected with them as birds won’t even eat them due to the stench. Sounds like a terrible Zombie movie.

Let’s define Bed Bugs, Generally they look like this vile creature:

This isn’t a joke. Bed Bugs are vampires. Sink Bugs are terrible because they are highly annoying. Bed Bugs are terrible because they drink human blood. They sneak up on you in the middle of the night and feast on your blood. They live for a year without any food, but they do wait.. and wait they do until you sleep.. they smell the carbon dioxide from your breath and they flock to feast on your blood while you sleep.

They inject a small dosage of anaesthetic so you don’t feel the bite and wake up, then they eat you until they are full.

Wonderful beasts.

They used to be controlled via a pesticide called DDT but it’s been banned due to serious side effects. In other words that “cure” is worst than the Bed Bugs themselves.

Let’s define Gold Bugs, Generally they look like this vile creature:

This is the worst of the worst. Bed Bugs are vampires, stink bugs are skunks, but Gold Bugs… wow they are an amazing breed.

Many of them believe that the entire economic system is abound to collapse. They are in the process of buying Gold Coins, Guns and Ammo and building their bunker stocked with food clothing. They are storing Gold coins to barter when “cash becomes worthless and the economy collapses”.

They are stocking up on Guns and Ammo because they feel that “they are the only ones prepared for the eventual end of the world” And you can’t forget the daily candle night reading of the Bible.

These people are the definition of Gold Bugs. They do come in many forms. Some of “smarter ones” are “Silver Bugs” because they feel that Gold is too much currency to do daily trades. Others mass in other types of assets. But the strategy is the same, horde up because everyone will be coming to you for product X or Y because you’re the only guy in town with it.

The end result is that these people feel with a mix of hyperinflation, unemployment and total debt in the US it has nowhere to go but bad.

So there you have it people, the three major bugs in the media today, all on one article.

Enjoy the new reality.

Friday, October 8, 2010

Is The Silver Boom Over?

Is the silver boom over? Has everyone caught up and overbought the market, like the internet stock boom and the real estate home markets? In a word, no.

My proof for the above claim? Ask your neighbors (or yourself) to identify the large picture above. Give up? Don't feel bad, the vast majority of Americans have never seen one of these things much less owned one of these beautiful coins. Hint: they are one troy ounce of silver and are official US currency denominated as a $1.00 coin. Theoretically, you could spend it to buy a pack of gum at 7-11 or pay your taxes. Of course, you would have to be a complete moron to do so since each coin is currently selling for around $25.00 per, the spot price of silver on 10/08/10 plus a $2.00 per coin premium.

Answer: It's an American Silver Eagle, the most famous and widely collected silver bullion coin in the world minted by the US Mint since 1986. Millions are sold each year, but if you split all the ASE coins previously minted among all US citizens there wouldn't be more than one per person! I ask you, is that overbought? The US Mint has already made $35 billion dollars in worthless base metal quarters for their "State Quarter" program. Now, if that's not an outrageous example of overbought (and overproduced) I just don't know the meaning of the term!

The vast majority of Americans have barely begun to wake up to the value of precious metals like gold and silver again after years of mind-numbing fiat currency (paper money not backed by gold or silver, or indeed, anything...real). Even should everyone suddenly wake up and start to buy silver, the yearly supply of 650 million ounces is only enough for each American to purchase 2 ounces per year for about $45 per citizen (or the cost of a date night movie with popcorn and candy). Of course, if this country-wide buying were to occur it would leave absolutely nothing for industry which is finding more uses for silver everyday from new hybrid car batteries to antibacterial bandages.

I knew the real estate bubble was getting ready to burst when my highly fiscally conservative brother, Mike, started talking about buying houses and fixing them up as an easy route to riches a few years ago just before the bust. So far, despite cajoling him for the last 2 years, I haven't talked him into buying even one ounce of silver. To be fair, however, he's in good company still. Only a fraction of 1% of Americans own any actual physical silver or gold coins, bars, rounds etc. Not much of an "overbought bubble" to my way of thinking! Compare that tiny ownership number to the number of troubled "under water" homeowners who bought houses they couldn't really afford in the last 10 years! In fact, a recent article stated that one home is foreclosed upon every minute of every day! Now that's overbought!

In conclusion, I'm not going to worry about the precious metal bubble bursting until my stick-in-the-mud brother starts stocking up along with all his average American friends on Gold and Silver American Eagles and pre-1965 "junk" 90% silver coinage (dimes, quarters, halves, dollars)! Maybe I should start a newsletter with a subscription fee and call it "My Brother Mike End of Bubble Newsletter". I could make thousands!

Silver and gold still have a long way to go in an uncertain economy, unconscionably high multi-trillion dollar debt, inflation and coming hyperinflation, governmental idiocy, and a world that is growing increasingly sick of our wars, deficit spending, free health care giveaways etc.

Time is running out fast! Hyperinflation seems unavoidable as fiat paper money is being printed as fast as the US presses can run. To protect your wealth and your family, buy gold and silver now from these top companies, APMEX Gold and Silver and Silver American Eagles.


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