Showing posts with label commodities. Show all posts
Showing posts with label commodities. Show all posts
Saturday, August 11, 2012
Gold Is Money and Nothing Else
Suddenly this year Gold is used as currency again. Recently Donald Trump accepted Gold Bullion from Apmex for their deposit on leased office space.
Now JP Morgan accepts gold as insurance against counter party risk.
Many states have passed legal currency laws saying that merchants can accept gold and silver coins for payments. These laws are not complete as they are accepting coins at face value stamped on coins. No way I will give you a silver eagle for a $1.00 payment!
“Gold is money and Nothing else.” -- JP Morgan, Banker, testifying before Congress in 1913 By this he meant that gold always has value. See the Peter Schiff Blog
Central banks across the world are buying up gold and silver, as a hedge against the unthinkable. A Global financial meltdown. This seems more likely day by day.
Here in the U.S. I believe we're in the early part of our Second Great Depression. At least the 23% out of work would agree! See Shadowstats.com to see the real unemployment numbers.
It is a crying shame that none of the financial data on the Mainstream news channels is true.
What can an ordinary citizen do?
Stock extra food, (with this drought expect food commodities to double) water, buy silver and gold, and keep your nose clean! Remember police departments everywhere are on the prowl for revenue.
Saturday, June 11, 2011
Saving On Food in the New Economy
We are seeing rising food prices worldwide. It seems that almost all commodities have risen, and will continue to rise. Certainly this is due to Worldwide weather disruption, and the fiat currencies imploding. It becomes imperitave to find ways to secure foods at a better rate. Here's one way I save on breakfast:
Stock Market is Manipulated - And so are Commodities
We have massive unemployment in the USA, and yet stocks are up. The earnings that are reported are coming from dumping employees. Consumer demand may be the same, but consumer buying power, and confidence are at an all time low. Real unemployment ranges from 20% to 30% depending on where you are.
Here in Florida we see 20% to 25% unemployment. I don't see how any company can be booming with these numbers. This is really evident as Goodwill becomes the new Wal-Mart.
I buy silver and gold at Honest Gold Guy of Sarasota. I see people selling gold and silver for extra cash. This lack of jobs has people liquidating many of their possessions to meet daily expenses.
Here in Florida we see 20% to 25% unemployment. I don't see how any company can be booming with these numbers. This is really evident as Goodwill becomes the new Wal-Mart.
I buy silver and gold at Honest Gold Guy of Sarasota. I see people selling gold and silver for extra cash. This lack of jobs has people liquidating many of their possessions to meet daily expenses.
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