Wednesday, August 29, 2012

Silver? How About Gold? - Gold is Up 600% Since 2002.

Gold is becoming increasingly popular with INVESTORS and COUNTRIES here are the top 3 reasons why:

1. Paper Currencies Fail
2. Countries Are Buying Gold
3. Billionaires Are Buying Gold When I buy my gold I buy it in gold sovereign coins because they’re tied to the English monetary system and because they’ve never been subject to capital gains tax or VAT. Last sovereigns I bought I got from Braystone Bullion (Google) just because prices/delivery options are usually the best. I do live in the UK though. PLUS, if there’s another apocalyptic financial meltdown, bullion (and Krugerrand) have been confiscated by certain governments in the past! Just my opinion

Bob Chapman : These are the only 4 Gold Stocks I Recommend

Bob Chapman : Well, I recommend four stocks, Agnico-Eagle Mines Ltd. (NYSE:AEM; TSX:AEM), Goldcorp Inc. (NYSE:GG; TSX:G), Silver Standard Resources Inc. (TSX:SSO; NASDAQ:SSRI) and Minefinders Corporation (TSX:MFL; NYSE:MFN). That's it. If people want to speculate, that's fine.

Peter Schiff : The Gold Standard forced the government to responsibly confront irresponsible fiscal policy

Peter Schiff : "The gold standard forced the government to responsibly confront irresponsible fiscal policy. At first Nixon tried devaluation, but the amounts were far too small to stop the gold drain. As an escape hatch, he instead abandoned the gold standard (although he said that the move was temporary). Without this “relic”, government could continue to finance its spending with ever larger deficits without losing any more gold. So instead of devaluation or deflation, we chose inflation instead. Many consider the impossibility of running perpetual deficits under the gold standard as proof of its unsuitability to the modern economy. As I see it, this is precisely why the gold standard is so desirable and so badly needed today."
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