| aug 31 2008 | | Gold and Silver. | Well it's happening people. The world is finally getting the message that fiat money is worth less and less each day. Crooked governments all over the world have been pandering to the their rich backers and cheating their people using taxation and inflation to rob them. When people react to over taxation governments pull back and take your money by stealth – inflation. Is food and fuel killing your budget? Don't worry most governments don't include it in their measure of inflation. Bet that makes you feel better.
The world is beginning to hoard real money. Shortages of gold and silver are cropping up every where. Some people in countries with weak currencies have used gold for centuries as a store of wealth. They knew their own money could not be relied on. In the west since the Bretton Wood's agreement people have been lied to that their money was good as gold. At last they are seeing through this sleight of hand and see their currencies for what they are. Pieces of paper backed by faith in whoever is in office at any given moment.
Rand Refinery Ltd., the world's largest gold refinery, ran out of South African Krugerrands after an "unusually large" order from a buyer in Switzerland. Coins and bars of precious metals are attracting investors as a haven. The U.S. Mint suspended sales of one-ounce "American Eagle" gold coins, Johnson Matthey Plc stopped taking orders for 100-ounce silver bars at its Salt Lake City refinery, and Heraeus Holding GmbH has a delivery waiting list of as long as two weeks for orders of gold bars in Europe. Johnson Matthey's Salt Lake City refinery doesn't have the capacity to meet investor demand for 100-ounce silver bars, said spokesman Ian Godwin in London.
Today gold and silver are at bargain prices, even after a fivefold increase. They will double from here.
Do you hold gold and silver? Buy physical bullion, every ounce you take off the market makes it more difficult for Central banks to manipulate the markets. An ounce of silver will cost you C$20 an ounce of gold can be bought for C$1000. Are you preparing your family for the financial melt-down we are in the early stages of? Get your information from government sponsored media? Don't be fooled, go to GATA, KITCO etc and take the red pill you owe it to your family.
Bonus comment – gold and silver coins are so pretty.
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