Well they came in finally after a 2 week wait. I bought from a great dealer called Gatewest Coin located in Winnipeg. If I were to eliminate the dealer mark-up and just told you the spot price for silver, I would say that this one coin alone has accrued nearly $2.50 since purchase. It is very exciting for me. I feel like I am finally doing something for my future. If you were to read back in the blog you might see some vague hints at some terrible life decisions. I have some catching up to do, the next couple of years is very critical.
I am not going to harp on an on or try to prosthletize, but I encourage everyone to look around the world we live in and be cognizant of the financial danger that looms in the very near future. Look at the state of the world economy, get educated. Do you understand what "Quantitative Easing" refers too? It is basically the USA printing money out of thin air, backed by nothing and pumping it into the system to pay for their bills. It is phony and economic suicide.
Did you know that during the Great Depression, President Roosevelt made it illegal for citizens to hold gold? He bought it all for $20 oz and later sold it for $34 to fund the government. Don't think it will happen again? Right now if you look on the Gatewest website you will find that they are required to report the social security number of any American that buys more than $2000 in precious metals to the Department Of Homeland Security...legislation is just one too many crisis' away.
Debt and deficit is the killer of empires, since my last post on the subject US debt has risen to 16 TRILLION dollars. The deficit (Interest servicing costs of the debt) will be somewhere in the neighbourhood of 3- 4 trillion dollars this year. Do you think that Japan, who is one of the largest buyers of US debt ( Treasury Bills and Federal Reserve Notes), will be in the mood to fork over that money now when they have massive rebuilding to do in the wake of the latest earthquake and tsunami? The European Union is dealing with default and bail-outs for Iceland, Ireland, Portugal, Greece and Spain... The Middle East now has multiple hotspots of strife and revolution, what do you think that will do to the price of oil? How will any economic recovery happen when oil is $150-200 a barrel? Remember the last time it hit $140...yeah, that was 2007-2008, the economy shut down. Foodstuffs and basic commodities are starting the inexorable march towards rampant inflation. When the US dollar loses value, as it is doing right now, those dollars buy less and less.
I am buying silver and gold, I am buying it now and into the future...it is real money, not some paper promise
No comments:
Post a Comment