Nov
6
Gold is Real Money
Filed Under Finance
eCommerce Associates
Measured in gold, the DOW is now about 9 oz of gold. It was over 50 oz about 7 years ago. The DOW is down, not 40%, but about 80% in real terms. It will go to one or two oz of gold eventually and lose 95% of its real value. I think we will see a gold/dow crossover at about 4000….DOW at 4000 points, gold at $4000/oz. This is when gold should be sold and whatever companies that are left standing should be bought. It’s the trade of a lifetime.
Those who hold a lot of gold will be able to buy real income producing assets at a fraction of their current worth. Gold ownership may be outlawed or restricted in some other way in this country before this is over. If you hold gold, hold it in secret and preferably out of the country.
You may think this is a bit over the top…but it isn’t in my opinion. During the great depression, the Fed outlawed ownership of gold and confiscated it all from the population, robbing them of their only wealth. Personally, I’m not willing to take the risk that this will happen again.
I’ve been banging on about Gold forever. A huge spike in gold prices is close…but this really is your last chance to get it in volume. It’s hard to get already…the US mint has run out and rationing is now in place in almost every country and at bullion dealers…the speed of this has taken even me by surprise… just look at the spreads over spot rates on eBay for 1oz gold coins…they are incredible. Dealers have “buy it now” listings on eBay for 1 oz gold coins at $1150….a more than 35% premium to an $850 spot price! There are 50% spreads on 1 oz silver coins….Incredible…what other investment is sold at a 35% or 50% premium and is still producing a scramble? I’ve never seen anything like it!
This article was written for eCommerce Associate for their Bank — Accounts and Financial sites
Measured in gold, the DOW is now about 9 oz of gold. It was over 50 oz about 7 years ago. The DOW is down, not 40%, but about 80% in real terms. It will go to one or two oz of gold eventually and lose 95% of its real value. I think we will see a gold/dow crossover at about 4000….DOW at 4000 points, gold at $4000/oz. This is when gold should be sold and whatever companies that are left standing should be bought. It’s the trade of a lifetime.
Those who hold a lot of gold will be able to buy real income producing assets at a fraction of their current worth. Gold ownership may be outlawed or restricted in some other way in this country before this is over. If you hold gold, hold it in secret and preferably out of the country.
You may think this is a bit over the top…but it isn’t in my opinion. During the great depression, the Fed outlawed ownership of gold and confiscated it all from the population, robbing them of their only wealth. Personally, I’m not willing to take the risk that this will happen again.
I’ve been banging on about Gold forever. A huge spike in gold prices is close…but this really is your last chance to get it in volume. It’s hard to get already…the US mint has run out and rationing is now in place in almost every country and at bullion dealers…the speed of this has taken even me by surprise… just look at the spreads over spot rates on eBay for 1oz gold coins…they are incredible. Dealers have “buy it now” listings on eBay for 1 oz gold coins at $1150….a more than 35% premium to an $850 spot price! There are 50% spreads on 1 oz silver coins….Incredible…what other investment is sold at a 35% or 50% premium and is still producing a scramble? I’ve never seen anything like it!
This article was written for eCommerce Associate for their Bank — Accounts and Financial sites
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