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REAL Money vs. Paper Money
For 180 years, it was said the dollar was 'as good as gold.' In fact, it was as good as gold; U.S. government creditors could convert their dollars to U.S. gold. The currency was 100% convertible to gold in foreign exchange from 1792 (President George Washington) until the dollar's tie to gold was severed completely on August 15, 1971 (President Richard Nixon). The colossal decision to remove the discipline of gold from the...
GOLD SET TO TAKE OUT PREVIOUS HIGHS
The next run on physical gold will dwarf the last, worldwide run. Long before the current lockdown, exchanges in London and New York were short of bars “eligible for delivery.” * THE PHYSICALS MARKET Today, the true price of gold is quite a bit higher than the “spot” price quoted in the paper market. Shortages are driving the price of physical gold sky-high. The soaring price is propelled by HUGE...
Dollar Will Lose Value Over Time: Guaranteed.
Until 1971, U.S. currency represented tangible value. Today, the dollar has no intrinsic value; and the dollar-supply is unlimited. In 1971, the value of the dollar was tremendous (thirty-five dollars equaled the value of a 1-oz gold coin). Since then, the dollar has fallen 3,600% against gold (it now takes 36 times as many dollars to buy the same gold coin). Over time, gold preserves purchasing-power. The sole purpose of...
We Already Have HYPER-CREDIT.
The combination of currency debasement, falling production, and rising debt always ends in credit collapse. In all history, there are no exceptions. But ten years ago, few Americans had ever considered the possibility. Suddenly, on Aug. 9, 2007, inter-bank lending locked up; the dollar was in free-fall; and credit completely FROZE here and around the world. The following year, Bear Stearns collapsed (March); Merrill Lynch and Lehman Brothers collapsed (Sept. 15);...
You should buy gold because economic laws never change.
Throughout history, gold has been the primary basis of money in international trade. In recent years, China and Russia have been aggressively adding gold to their foreign exchange reserves. A professor at the University of California at Berkeley re-discovered why gold has always played a central monetary role, and why the rare metal has never been a “consumption good.” Continue reading...
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"My family and I have obtained physical silver from various sources, most recently from Craig Rhyne at the Washington Gold Exchange. I bought a $250 face value bag of 90% silver coins. Craig delivered at a great price, and he was prompt. Washington Gold Exchange will be my first stop for my next precious metals transaction.” Doug L. Redmond, WA