Is Paper Money Better than Gold?

A recent article posted on Seeking Alpha was entitled, Gold too Variable to be a Currency. The gist of the article was that the ups and down of the precious metals gold and silver were just too steep and unreliable to form a stable currency. The US Dollar, on the other hand, was lauded as a much more suitable form of money as it's daily and weekly movements versus other fiat based currencies was more gradual.

I couldn't stop myself from commenting on this "interesting" take on money. See my responses and those of some others below:

Rick (i.e., Me): So, gold is too variable to be a currency, but the Federal Reserve Note is the Rock of Gibraltar? Let's put the FRN vs. Gold head to head:

In 1913 (when the FRN was born - illegitimately), the average house cost $3,400 - a millionaire could buy about 295 average homes.

If you bought gold in 1913 with your million dollars at $20 an ounce, you'd have purchased 50,000 ounces. The value of the 50,000 ounces today would be about $76 million dollars.

In 2011, the average house cost around $200,000 with gold at $1520 per ounce. With $76 million dollars you could buy about 380 homes!

If you kept the cash in, well, cash... you could buy 5 WHOLE HOMES now! What happened? The government and the Big Bankers stole your money using a sly instrument called INFLATION.
Sheik Rattle Enroll (alias banking shill): Rick is saying that inflation is predictable whereas precious metals are unpredictable (they can lose 30% of their value in a week). Nobody here is denying the existence of inflation, the author's chart even shows it. What you're doing is called a straw man argument.

You show that straw man!

Rick: I don't believe I am attacking a straw man. We're examining gold vs. paper fiat money as currency based on a predictability or stability component. My example above sought to show stability of purchasing power over a century. I could just as easily have gone back to the Roman Empire 2000 years ago, where an ounce of gold bought a fine toga then, and a fine suit of clothes today. I believe that is a true measure of stability!

Secondly, accepting that inflation is a part of life is the core of the problem with the US and Europe. Inflation is non-existent in money that is backed by gold and/or silver. It has only become an accepted part of reality today because every sovereign government in history granted the power to print money on demand has abused the power, thereby reliably debasing the money. Personally, I don't see why I should prefer a thief who steals from me, just because he does so reliably!

Lastly, it's true that governments and banks have also "reliably" manipulated the price of gold and silver downwards as a means to prop up their fiat paper. However, we shouldn't blame the victim for being raped by the attacker on a consistent basis, should we?

I received no further replies from the Sheik.
Rick
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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Who Would Sell Silver & Gold Now?

The majority of people who hold precious metals as a hedge against a falling dollar won't sell at market price until they see a resolution of the debts of western nations. Mainstream media, the majority of the public and value investors all believe that the precious metals are in a bubble. But that is because they do not understand the foundations underpinning a move into hard assets.

In this regard there are two camps:

1. The camp who believes that we live in a grand new world where governments can centrally plan economies better than the free market itself and where acceptance of government-sponsored, unbacked fiat paper monies is just a normal, unquestioned part of life.

2. The camp who sees central banks as being artificial and dangerous and who are quite surprised that this era of unbacked fiat currencies has lasted this long (nearly 40 years since the “Nixon Shock” on August 15, 1971).

Those in Camp #1 will never buy precious metals until it is already too late and the fiat currencies have all collapsed.

Those in Camp #2 will never sell their precious metals until they see an indication that the unpayable debts and deficits of the majority of western nations have reached a resolution – either by default (bankruptcy of the nations) or by hyperinflation (bankruptcy of the currency).

Which brings about an interesting state of affairs. Unlike any and every other bubble in the history of mankind, the holders of precious metals will not sell their holdings for fiat currency, at any price.

They may sell their precious metals to buy another asset which they deem as being undervalued in terms of gold or silver – which may mean they sell their precious metals, briefly, for fiat currency but then quickly sell that fiat currency in favor of another asset.

But for those who own precious metals for safety and/or profit against the assured demise of the global financial system there is no price at which they would sell their precious metals in favor of fiat currency.

Of course if someone offered you $10,000 per ounce today for your gold you would be crazy not to accept it. However, most holders of gold would sell at $10,000 and then immediately sell the fiat currency and repurchase the gold at the current market price near $1,400 to buy even more gold.

The majority of people who hold precious metals as a hedge against a falling dollar won’t sell at market price until they see a resolution of the debts of western nations.

However, the great majority of people who hold precious metals as a hedge against the destruction of the US dollar reserve based financial system will never sell their precious metals, at market price, until they see a resolution of the debts of the western nations.

GOLD/SILVER SHORTAGES

This amazing scenario is playing out as we speak.

Reports have been coming in from all corners of the world over the last few months stating shortages in physical gold and silver bullion.

The operating capacity of domestic gold refineries in India have reached very low levels due to scarcity of scrap. Currently domestic gold refineries are operating between 25-30% of their installed capacity as against 35-40% around the same time last year. According to Ajay Mitra of the India and Middle East office of the World Gold Council, “Used gold sales have declined steadily in the last one year as consumers are holding jewellery in anticipation of higher prices.”

They aren’t so much anticipating “higher prices” of gold & silver as they are anticipating “lower prices” in their fiat currency. Until there is any indication that the ongoing, systematic destruction of fiat currencies worldwide will cease then there is no reason for anyone to sell their precious metals in favor of holding the fiat currencies.

Canada’s biggest bullion bank, ScotiaMocatta “sold out” of all its silver coins and bars in January. They have apparently sourced some new supply of silver coins but as of the time of writing they still show 100 oz. Silver Bars as being “sold out”.

Eric Sprott, one of the smartest men in the precious metals business stated that he expects gold to hit $2,150 and silver to hit $50 this year citing extreme shortages and great challenges to secure 15 million ounces of silver for his fund. He stated that “no supply exists in volume except from the margin of immediate producer output”.

MOVE INTO BULLION AND PRODUCERS THIS YEAR

Up until this year it has been relatively safe to “play” in things such as gold/silver ETFs, futures and other “paper” assets. TDV believes that 2011 will be the last year in which it is still relatively easy to find and purchase gold/silver bullion and that those who have not yet begun to do so consider making this move immediately.

TDV issued a Special Report to subscribers entitled "How to Own Gold" on November 8, 2010 which includes more specific details on how and why to move into bullion products.

As well, as Eric Sprott pointed out above, one of the only liquid sources of gold and silver bullion now and in the future may be actual producers. The TDV Portfolio available to subscribers contains numerous large, mid and small cap producers. These equities may rise exponentially if it becomes clearer to the public that they are one of the only sources of accessible bullion available on the market.

Remember to diversify geographically to reduce political risk. We attempt to include miners from different parts of the world as part of this strategy. To date we have miners in Papua New Guinea, Ghana, Canada, Brazil, Nicaragua and more included in the TDV Portfolio. The above is an excerpt from the March Issue of The Dollar Vigilante (TDV).

ABOUT THE AUTHOR Jeff Berwick

Jeff Berwick was the founder of Stockhouse.com in 1994 and was the CEO of Stockhouse until 2002. After Stockhouse Jeff began writing The Dollar Vigilante, a free-market financial newsletter focused on covering all aspects of the ongoing financial collapse. The newsletter has news, information and analysis on investments for safety and for profit during the collapse including investments in gold, silver, energy and agriculture commodities and publicly traded stocks. As well, the newsletter covers other aspects including expatriation, both financially and physically and news and info on health, safety and other ways to survive the coming collapse of the US Dollar safely and comfortably. You can sign up to receive the FREE monthly newsletter, the Basic Newsletter ($15/month) or the Full Newsletter ($25/month) with specific stock recommendations and updates at the Subscriptions page of the website at DollarVigilante.com.

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.

Rick
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Spartacus: Gods of the Arena - Ancient Past vs. Present Investment Strategies?

Spartacus: Gods of the Arena is a dynamic and truly worthy prequel produced by Starz that chronicled the rise of an infamous Roman slave, Spartacus, who lead the worst slave rebellion Ancient Rome had ever seen. Though this article is somewhat of a departure from the usual financially-oriented subjects of this blog, I believe that readers of this article will find my conclusions useful and pointed nonetheless in the study of investment strategies.

To the eyes of the average American, the tale of the House of Batiatus is a fascinating, if shocking, glimpse into the life of Ancient Rome. In this series the protagonist is Quintillius Batiatus, a Lanista, or owner of a Gladiator Training School. Batiatus seeks to raise himself and his House to heights of glory never before achieved by his ancestors, or indeed by any Gladiator Trainer before him. We can't help but applaud and root for this underdog who rose from beneath his father's heavy heel and successfully defeated numerous powerful opponents in his attempt to achieve prominence far above his current station in Ancient Capua and the Roman World. We must understand, however, that his all or nothing strategy though compelling to risk-taking, egalitarian, and over-achieving Americans, is ultimately doomed to utter failure. In fact, I think our Roman friend's strategy is as instructive to us today as it would've been to the eyes of the Ancient Romans. It is a morality play that perhaps can teach us a lesson today that just might save our financial lives.

The Ancient Greco-Roman world would've enjoyed the Spartacus offerings by Starz every bit as much as we Americans and all Westerners have to date. We must not make the common mistake, though, made by some that assume the whole world thinks and views the world through the same prism as the West does. The current eternal wars in Iraq and Afghanistan are instructive to any willing to pay attention that the worldview and goals of radical Islam share little in common with those of the more liberal and secular West. No, the Ancients would have viewed Quintillius as a fatally flawed character whose over-reaching hunger for advancement above his station deserving of nothing but ignominious death and ruin. Indeed, the Ancient Greco-Romans viewed love of tradition, caution, and humility as high virtues. They would've seen the eventual rebellion of the gladiators under Spartacus as a righteous penalty inflicted by the Gods upon a House and man who himself sinned through his intemperate craving to overturn the rightful order of the Universe. In the Ancient World the Gods reined at the pinnacle, the nobility/ruling class second, merchants, farmers, soldiers, and lanistas next, followed by free workers, and lastly, enslaved men. Batiatus, by seeking to raise himself into the heady heights of the republican ruling class in Rome was clearly guilty of seeking to overturn this divine order. His precipitous downfall would've been seen as a just punishment of the Gods for his sheer temerity and lack of respect for the laws that held chaos and ruin at bay.

In short, I imagine the ancient Romans would've counseled investors to similarly stay within bounds familiar to them, and not over-reach into unfamiliar areas with an all or nothing investment strategy. While such a moderate strategy may never enable one to become the next Bill Gates, it will insure the prudent investor also never finds themselves and their "House" lying in ruins about a torched and corpse-littered landscape.

The wise ancient Roman would most certainly have understood and approved of wealth measured in gold and silver, disdaining the paper (risky banking and investment stocks)!

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.

Rick

CLICK ADS BELOW FOR FREE DISCOUNT!

Gold Silver Traveling Show Scams!

STAY AWAY FROM TRAVELING GOLD/SILVER SHOWS FOR THE LOVE OF GOD!!!

As gold and silver pricing began to rise to more representative market values every slime ball, and greedy moneylender has either set themselves up a store in a half empty strip mall, started a gold mailing service, or geared up a traveling precious metals show.

The shows tend to book second rate hotel meeting rooms and proceed to hang around for a few days waiting to shear desperate sheep. They usually advertise heavily by local newspaper and some late night commercials.

Bottom Line:

• The buyers manning the traveling show booths are under-trained and rely heavily on pre-printed charts and the internet. On average they'll offer you about 10-25% of the actual worth of your gold or silver bullion item whether it be a gold watch, jewelry or coins. God forbid you bring an especially rare or valuable coin for sale because you'll probably do worse than the 25% the precious metals bullion sellers will be netting.

• There have also been numerous tales of checks bouncing once the traveling show is gone onto the next sheep shearing party.

If you want to sell your gold or silver take your pieces to at least three local merchants, coin dealers, jewelers, etc., who have high BBB ratings and have roots in the community. When you trust fly-by-night showmen, you unfortunately get the nasty end of the stick. Internet savvy folks can always try eBay, of course, to sell their item for the going market rate.

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.

Rick

CLICK ADS BELOW FOR FREE DISCOUNT!

Hyperinflation & Broke Billionaires!

In 1981 Max Shapiro published the book Penniless Billionaires. It is perhaps one of the best books ever written on the subject of hyperinflation to this day. Of all the compelling stories within this great work, the one that hits me the hardest dates from the Weimar Republic hyperinflationary period.

The German Hyperinflation, 1922-1923

In the autumn of 1923, Lott Hendlich, a German widow in her fifties, returned to her native Frankfurt after an absence of more than four years in Switzerland. In 1919 she had gone to spend a few pleasant weeks in a Swiss village where her relatives lived. But almost immediately, Frau Hendlich broke her hip in a fall. During her long convalescence her chronic cough became worse, and the doctor attending her advised her that she was suffering from advanced tuberculosis. The months and years of her illness dragged on interminably even though her relatives were genuinely solicitous (they insisted on defraying all her expenses, including the fees of her doctor). At last, in September 1923, she was "cured" and considered well enough to return home. Her much longed-for homecoming soon became a nightmare.

In the stack of accumulated mail she found three letters from her bank; they delineated her ruin. The first–written in mid-1920 by a minor bank officer who had befriended her–advised her "to invest most of the funds in your rather substantial bank account" (amounting to over 600,000 marks, or the equivalent of more than $70,000 at the exchange rate prevailing in 1919). "It is my judgment," the writer continued, "that the purchasing power of the mark will decline, and I suggest you try to guard against this through some suitable investment which we can discuss when you come into the bank."

The next letter, dated in September 1922, and signed by another officer said, "It is no longer profitable for us to service such a small account as yours. Will you kindly withdraw your funds at the earliest opportunity?"

The third letter, dated several weeks before her return from Switzerland, announced, "Not having heard from you since our last communication, we have closed out your account. Since we no longer have on hand any small-denomination bank notes, we herein enclose a note for one million marks."

With gathering panic Frau Hendlich looked at the envelope that had contained the letter and the million-mark note. She noticed that affixed to it there was a canceled postage stamp of one million marks. Her bank account–which four years before seemed large enough to provide her with a serene existence to the end of her days–had been utterly consumed by inflation and could no longer pay for an ordinary postage stamp.

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 (below):

Rick

CLICK ADS BELOW FOR FREE DISCOUNT!

How to Buy Silver & Gold from "A" Students!

Deciding who to buy gold and silver coins, bars, rounds etc., from can be a very daunting task. The two companies (above) are APMEX Gold and Silver and GoldSilver.com. Both companies have an "A" rating with the BBB. An example of a not so good vendor would be Glenn Beck's buddy Goldline International. Goldline currently rates a D- by the BBB - an improvement over their previous failing "F" grade!

To purchase American Silver and Gold Eagles, Junk Silver, Silver and gold bars, rounds etc., feel free to click the icons at the top or the blue text links above.

Hyperinflation is coming down upon America like a judgment from God! Be prepared now to survive and thrive in the new world that's coming.

Rick

Food Hyperinflation Coming To Your Store!

The National Inflation Association (NIA) projects that at the average U.S. grocery store it will soon cost:




$11.43 for one ear of corn
$23.05 for a 24 oz loaf of bread
$62.21 for a 32 oz package of Sugar
$24.31 for a 32 fl oz of soy milk
$77.71 for a can of Folgers Coffee
$45.71 for a 64 fl oz of Orange Juice
$15.50 for a Hershey's candy bar

NIA also projects that by the end of this decade, a white men's cotton t-shirt at Wal-Mart will cost $55.57.
Pdf File Here..http://inflation.us/foodpriceprojections.pdf

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 GoldSilver.com.


Rick

Goldline Scam & Swiss Gold!

The Swiss 20 Franc gold coin contains 0.1867 troy ounces of gold, and is a little smaller than a US nickel. When the price of gold is at $1385 USD per ounce, the coin is worth about $258 in gold content. That being said, why is Goldline International selling this rather common European gold piece currently for $441, or at a premium of 71%? With this level of premium, gold would have to nearly double in price for a poor investor to break even on this questionable investment! Am I missing something?

Well, let's allow Goldline International's marketing brochure selling points do the talking (with my comments, or rather rebuttals, following immediately after each point in bold type):

Privacy

Unlike many financial assets, clients are not required to provide a Social Security number when they sell certain coins like European gold coins.* According to the Social Security Administration, identity theft is one of the fastest growing crimes in America. Consumers are advised to be careful about sharing their social security number with others. You should consult with your tax advisor regarding the proper reporting and taxability for all coins, precious metals, and rare currency.

You can buy as many American Gold or Silver Eagles bullion coins as you like, and no one will ask for your Social Security number. This is blatantly a spurious selling point for the Swiss coins. Moreover, you won't pay more than a 5-7% premium for the Eagles, unlike the Francs from Goldline International.

Liquidity

The European gold coins we offer are composed of high gold purity levels: often 90% pure gold or more. Due to their high gold content and smaller size, these coins are ideal for barter and trade. Further, the European gold coins are internationally recognized and can be traded throughout the world with relative ease.

You can't find a gold coin more liquid in the USA and more pure (.999 pure gold) than the American Gold Eagle. The AGE also has the amount of gold and the purity stamped on the reverse of the coin which aids in the sale and liquidity of the piece. The Swiss 20 Franc coin has no such markings.

Potential Protection Against Confiscation

Expert resource books like the Standard Catalog of World Coins recognize these coins have a collectible value over and above their bullion content. When the United States government last confiscated gold from its citizens via Presidential decree in 1933, coins having a recognized special value to collectors of rare and unusual coins were exempt. If the government outlaws and confiscates gold bullion, we believe rare coins like European gold coins should be exempt.

The Presidential decree of 1933 has been invalidated for decades now. There is NO guarantee that any new law would exempt any gold coins, most especially common coins like the Swiss Franc which numismatic experts say has extremely limited numismatic value above and beyond the coins value in gold bullion.

Buy American Gold and Silver bullion eagles for the best precious metal investment strategy, with a minimal charged premium!

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 (below):

Rick

CLICK ADS BELOW FOR FREE DISCOUNT!

How Much Should You Pay for Junk Silver?

Junk silver is the term used to describe circulated coins made of silver. In the US, all dimes, quarters, and halves minted before 1965 are 90% silver and 10% copper. When deciding how much to pay for your junk silver you must first know what the current going rate or spot price is for silver that day. You can check the chart at the bottom of this page for an updated silver market price per troy ounce.

Second, you should be aware that $1.40 of junk silver (face value) in any mixture of dimes, quarters, or halves, will equal one ounce of actual pure silver (less the 10% copper per coin). Next, you should multiply the the value of the silver coins by 5% to determine how much premium above and beyond the actual spot price you're willing to pay to obtain the junk silver. If the price on eBay or APMEX exceeds this computed price, you should think carefully before buying.

Lastly, for those whose math skills leave something to be desired, see coinflation.com for a great website that does all the above computations for you through the miracle of computing!

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.

Rick

CLICK ADS BELOW FOR FREE DISCOUNT!

Gold & Silver and Christianity

Revelation 13:16-18

16And he causeth all, both small and great, rich and poor, free and bond, to receive a mark in their right hand, or in their foreheads: 17And that no man might buy or sell, save he that had the mark, or the name of the beast, or the number of his name. 18Here is wisdom. Let him that hath understanding count the number of the beast: for it is the number of a man; and his number is Six hundred threescore and six.

The above verses of Revelation are some of the most well known in the Christian Bible. They foretell of a future where the average citizen is part of a worldwide economic / political system that requires membership to participate in the buying and selling of all goods. I imagine such a future must have seemed hard to imagine for Christians just a few generations ago. However, today with all our finances in digital form and duly reported to the government by our employers, banks, and starting in 2011 even eBay will start reporting sales by its vendors to Uncle Sam, the monolithic central control envisioned by the verses in Revelation 13 seem frighteningly plausible!

How can the average bible-believing Christian prepare for the ominous future ahead when faced with the awesome power of the future antichrist's regime? In a few words, gold and silver. Gold and silver have been valued by mankind for over 5000 years of civilization. The government fears and distrusts gold and silver for many reasons, chief of which is the ability of the two precious metals to provide a trading currency that is outside its control and purview. An owner of gold and silver coins, whether they be 90% junk silver American coins minted before 1965, American Silver Eagles, or metal rounds and bars, possesses a means to provide for his family without forced submission to the Antichrist's all-encompassing system of economic control.

If you don't own gold and silver, buy what you can afford ASAP! The life and souls of your family may well be at stake!

PS. I want to comment on Ezekiel 7:19 "They shall cast their silver in the streets, and their gold shall be removed: their silver and their gold shall not be able to deliver them in the day of the wrath of the LORD: they shall not satisfy their souls, neither fill their bowels: because it is the stumbling-block of their iniquity".

Firstly, the verse is referring to the literal end of the world. In particular, the lines chastise those who covet and love gold & silver money above all things. It promises that no relief will be found for such materialists on that fearful day in earthy possessions. However, until that day arrives (like a thief in the night), we will still be expected to clothe and feed our families and ourselves to the best of our abilities. History tells us that gold and silver have served mankind well for over 5000 years in the capacity of "real money", and should continue to be of value for as long as needed.

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 GoldSilver.com.

Rick

Dream Gold Mine or Nightmare?

In 1894, an angel allegedly appeared to an ordinary, unremarkable Mormon by the name of John Hyrum Koyle and guided him to a mountaintop on the outskirts of Salem, Utah. Inside the mountain the heavenly figure showed him nine vast caverns of gold. According to the story as imparted by the angel, this gold once belonged to an extinct tribe of ancient Americans, but was hidden away from them due to their greed by God. The angel further revealed to Koyle that this gold was to be discovered prior to the Second Coming of Christ, when it would serve to help the faithful survive the tribulations of the end times. Koyle purchased a claim here and began mining operations, selling stock to local faithful who believed in his vision. By the 1940s, however, no gold was forthcoming. Koyle was excommunicated by his Mormon church in 1948 and died a year later.

Koyle's dream turned into a nightmare for him and his foolish investors, but you can realize your own dreams of financial independence by buying real physical gold and silver now!

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 GoldSilver.com.

Rick

Gold or Silver for Survival Trading?

A financial disaster (severe hyperinflation, SHTF, TEOTWAWKI, or a complete US dollar collapse) has occurred. Things are finally improving, and law and order is restored to your area. People and businesses are buying and selling again. Some people are using barter, but carrying around a basket of tomatoes while looking for someone with eggs is tiring to say the least. What type of gold or silver would be best to have on hand at this point to make commerce easier?

Let's review junk silver (pre-1965 US coins), American Silver Eagles (ASE's), and Gold coins and their utility in a post-economic disaster trading environment. Junk silver coins like dimes, quarters, and halves can be thought of as singles, fives, and ten dollar bills respectively. An ASE is like a twenty and a ten dollar bill. A gold ounce coin is like a thousand dollar bill.

I believe junk silver coins and ASE's will have the most utility in trading due to their lower value. When you buy food and gas today you usually use lower denomination bills because it's easy for the business you're patronizing to make change. Imagine the look on a convenience store clerk's face if you paid for your twenty dollar purchase with a thousand dollar bill! Chances are he'd turn you away because he couldn't make change. I imagine the same thing would happen after a dollar collapse as well. If you're dead set on having some gold coins, then purchase the one-tenth of an ounce US gold coins. They demand a higher premium than one ounce coins, but at least they're more like a hundred dollar bill - large, but not too big to make change.

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 (below):

Rick

CLICK ADS BELOW FOR FREE DISCOUNT!

Preparing for Hyperinflation

Hyperinflation by definition is 50% or more of inflation per month! The US Dollar is an inherently worthless piece of paper, un-backed by gold, silver, oil, or any object of real value. The moves by the FED to devalue the dollar and destroy it's once lofty reputation for stability are foolish and possibly traitorous. Many citizens of this once great nation are asking themselves what they can do to prepare for the inevitable decline and fall of the US Dollar. I recommend the following list of preparations:

1. Food & Water - Store a least a few months of food and water for your family. Survival food like Meals-Ready-To-Eat (MRE's) and dehydrated foods by Mountain House are ideal. They keep for years and require little cooking preparation.During periods of hyperinflation food and water disruptions will occur, and periodic lawlessness, riots etc., will disrupt transportation of vital foodstuffs. Supermarkets will run out of various foods, and prices will soar. A supply of food and water will keep you and your family off the streets during times of violence.

2. Medicine - Keep a supply of over-the-counter painkillers in stock and a few months supply of any vital drugs you take. If you can find a friendly doctor, get him to prescribe some emergency antibiotics. If not, I've heard of people who buy antibiotics for fish which are commonly available at pet stores and in pet catalogs. I can't say personally, but the scuttlebutt is that the same factories that make "fish antibiotics" also make drugs for humans as well. Do your own research and obey all US laws is the best advice I can give here.

3. Self Defence - If you're an anti-gun pacifist skip this part and pray to whatever god or gods you believe in. Everyone else, buy rifles, shotguns, and Glock handguns with ammo and learn to shoot them. During hyperinflation law and order can break down, at least temporarily. You can't count on the police or 911.

4. Buy physical silver and gold and store it safely at home where you can get at it easily. Safety deposit boxes can be robbed, expropriated by a hostile government, or made unavailable by "bank holidays". Pre-1965 US dimes, quarters, and halves are 90% silver and were once used as real money in the US. American Silver Eagles are also good to have as a trading resource. They are minted by the US Government and are official currency, and contain one ounce of pure silver. APMEX and Ebay are good sources for both types of coins.

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 (below):

Rick

CLICK ADS BELOW FOR FREE DISCOUNT!

The Pathetic, Willfully Ignorant, Anti-Gold Argument!

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.

Written by TheFounder · Filed Under Advertising Agency News

Wow, what a truly ignorant person you are! Worse, you seem to revel in your ignorance! What precisely is your point, I wonder? Gold and silver prices are skyrocketing because the wise people among the world's population know that both precious metals have been valued for 5000 years of civilized history. During times of uncertainty, like today, these metals have served as safe havens for wealth. Just how long do you think the US Dollar will have value before the inevitable hyperinflation takes hold? In 1913 the first Federal Reserve Note (FRN) was issued. Since that time the dollar has lost 97% of it's buying power...and that in a century that could easily be described as the rise and ascendancy of the American Empire! What will the future hold as the country languishes, awash in trillions of dollars of debt and beset by politicians without the courage to either dramatically raise taxes or slash entitlements? May I ask where your investments lie? US Treasuries, money markets, a savings account at you local bank? Good luck with those wonder vehicles :) PS. Thank you, I'm quite happy with my silver investments which are up over 40% this year so far, as measured in US funny money. Seriously, though, do yourself a favor and do a little research before you write an article about a topic you obviously know little about (not counting the stink and bed bug info, of course). Since the Chinese invented paper money 1000 years ago, every single fiat currency has failed eventually! The best thing that can be said of the US Dollar is that it has not failed...yet. However, just give Ben Bernanke and Obama a little more time. Well, he did promise change, didn't he!

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.

Rick