If you believe paper money will be a safe store of value for your wealth:
Don’t Buy Gold
After all, the banks and their financial consultants keep telling us that gold has no value in the modern financial world. Why then don’t they sell off all their gold reserves?
Percentage of ‘reported’ National Bank Reserves by country in tones of gold:
United States 8,133.5 tones = 68.7%
Spain 281.6 tones = 34.6%
Germany 3,407.6 tones = 64.6%
China 1,054.0 tones = 1.5%
Italy 2,451.8 tones = 63.4%
Japan 765.2 tones = 2.4%
France 2,435.4 tones = 64.2%
Russia 607.7 tones = 4.7%
Switzerland 1,040.1 tones = 28.8%
India 557.7 tones = 6.4%
Netherlands 612.5 tones = 51.7%
Taiwan 423.6 tones = 4.1%
Portugal 382.5 tones = 83.8%
Singapore 127.4 tones = 2.3%
Austria 280.0 tones = 52.7%
South Korea 14.4 tones = 0.2%
If all these country’s central banks increased their gold holdings by a measly 2.5% over the next 10 years (as many have recently said they will do), this would be over 25,000 tonnes of gold…More than the projected 10 year peak gold production capacity…Of course, if the fait dollar was healthy, they would have no need to back it with any gold reserves…No wonder the central banks don’t want you to own gold…They need all of it for themselves!
Maybe you live in a special place and you have ‘magic money’ that doesn’t need asset backing such as gold? Perhaps you know something better than top hedge fund managers like John A. Paulson who are investing heavily in gold and silver so they can make HUGE profits against our ever devaluing dollars.
John A. Paulson’s latest foray says a lot about how he intends to further multiply his own net worth, as well as that of his clients. “That foray will focus on gold”, he said during an address to the Japan Society in New York earlier this month. “As an investor, I became very concerned about having my assets denominated in U.S. dollars,” Paulson told his audience. “So I looked for another currency in which to denominate my assets in. I feel that gold is the best currency.” As of June 30th 2009, gold and gold-related assets accounted for 46% of the Paulson firm’s total holdings – a colossal position that flies in the face of traditional portfolio-diversification theory and position sizing. Yet, I expect this will help him generate a brand new “greatest trade ever.”
You may choose to let a fund manager invest your money in a hedged gold fund in which the fund owns the gold so that they can scrape off massive profits with your invested money…But with your gold fund investment, in the end all you have is fait money, not personally owned gold. Having personally owned and allocated gold and silver in a top bullion bank is the money of last resort. Those who own the gold and silver in a bullion bank can privately buy any currency at any time at optimal profit. The money price of gold may vary widely thru history but the purchasing value of gold has not changed for 5000 years!
I am a client of Anglo Far East Bullion Bank. I am inviting you to take a moment to visit the AFE website and take advantage of the free educational videos and files in our library (no spam). I will do my best to answer all of your questions. I urge you to talk with a bullion banker at AFE Bullion Bank. Then open an AFE Bullion Bank account so you can protect your wealth from the impending hyperinflation and profit from the huge transfer of wealth coming to those who own gold and silver in the next few years. If you already have a bullion bank account with a commercial bank, please consider diversifying with a specialist bullion bank like AFE.
www.anglofareast.com/affiliate/kb-001
I also find enjoyment in coin collecting. I feel strongly about the importance of collecting and investing in small denomination free market personally held bullion coins from Joseph Wealth System. These YOUnique non-government issue bullion coins can’t be legally confiscated by the country of issue as is the case with national bank issued coins that we merely ‘hold as tender’ for the central bank until they ‘recall it’. Of course all gold and silver coins have face value and in some situations coins issued by a central bank will provide protection from inflation and earn numismatic value…But numismatic value is very subjective and risky in times of hyper-inflation. Besides, private issue bullion coins also have huge numismatic potential. The bottom line is that we should all start collecting a few gold and silver bullion coins. There are several safe places to buy coins, but only a very few are ‘Swiss private’ that they don’t report your purchase to your national tax service. All in all, for price, privacy, and profit potential I suggest:
www.YOUniqueWealth.com/GoldBuy
Dr. Kevin P Bethel is a family physician who is fellowship board certified in anti-aging regenerative medicine and other sub-specialties in medicine. He is a visual artist and power sport athlete. He has been educating people on the importance of objective free market systems. drkevinbethel@hotmail.com
