Why Do Billionaires Invest in Gold?
Gold last traded at $1,245 an ounce. Silver traded at $16.37 an ounce.
NEWS SUMMARY: Precious metal prices traded mixed Wednesday on safe haven buying and a weaker dollar. U.S. stocks traded mixed as lower oil price bearishness offset investor bullishness.
What You Can Learn From Billionaires Who Invest in Gold - Newsmax
"If you want to be successful in investing and accumulate enough money to live a comfortable retirement, sometimes it's a good idea to take advice from those who have experience in the arena. Learning about sound investments from others can help prevent you from making mistakes that you might otherwise make if you try to rely on your own abilities.....Gold always rises in price over the long term and it often rises in price in the short term, particularly during times of financial crisis. That makes it a win-win for people looking for a sound investment. Gold also maintains its purchasing power over time. One ounce of gold a hundred years ago buys you roughly the same amount of goods it buys you today. You can't say the same thing about paper currency. If you need a solid store of value, gold is what you want....If you're looking for a store of value that will help diversify your portfolio, it's important to remember that gold isn't a get-rich-quick investment. Yes, its value will continue increasing over time, but ultimately gold is used for wealth preservation. That is what it excels in doing. And that is why the development of gold IRAs has been such a boon to investors looking to safeguard their retirement savings."
Breaking the monopoly on money -WashingtonTimes
"The idea of money has been around for several thousand years, along with precious metal coins to serve as money. The question has remained as to whether governments, private parties or both should create money. When the weight of a gold or silver coin determined its value, it mattered little to the user who struck the coin. After the invention of paper money by the Chinese, 'over-issuance' (producing more paper value than the real value of the metal in the vault) became much easier than shaving the coin - the manifestation of which we know as inflation....The move to electronic money and money transfers...has made it even easier to create infinite amounts of money with little or no backing in the form of real assets. Governments and banks do not like paper currencies or paper checks. They are costly to handle and move about. They are easily stolen and it is very hard to keep track of ownership (which is big problem for legitimate law enforcement, and also for regimes that do not respect financial privacy and wish to spy on their citizens)....There is no reason governments should monopolize the issuance of money (gold, paper currency or a cryptocurrency) any more than they should monopolize the production of paper clips....The great shame is that when governments steal from everyone, no one goes to jail. The good news is that real, privately issued, global currency competition is alive and well, whether governments like it or not."
By withdrawing cash from your bank you are declaring financial independence from the government's "War on Cash", which continues to escalate daily. By converting paper or electronic 'money' into physical GOLD and SILVER you become free from the downward trajectory of our modern monopoly money. Now is the time to take action!
Stocks continue to mirror the dot-com era in ominous ways -Marketwatch
"The recent selloff in technology shares on Wall Street...has drawn comparisons to the abrupt end of the original dot-com run-up, and not simply because it's the same sector driving market direction, and because the same sector is facing the same charges of being overvalued. 'This is my 33rd year in capital markets, and what I'm seeing is very reminiscent of 1999,' said Mark Travis, chief executive officer of Intrepid Capital Funds. 'Back then, it was the 'Four Horsemen of the Nasdaq' leading the market; today it's the FANG stocks - there's a similar level of concentration.'....The resemblance in conditions means that 'from a big-picture perspective, the comparison to 1999 holds up remarkably well,' said Brad McMillan, chief investment officer at Commonwealth Financial Network....McMillan looked at the four economic indicators he deems most important for comparing market conditions across eras: consumer confidence, business confidence, jobs growth and the yield curve. All of them reflect trends that are today equal to or are even more extended than in that earlier era."
Rage Is All the Rage, and It's Dangerous -Noonan/WallStreetJournal
"What we are living through in America is not only a division but a great estrangement. It is between those who support Donald Trump and those who despise him, between left and right, between the two parties, and even to some degree between the bases of those parties and their leaders in Washington. It is between the religious and those who laugh at Your Make Believe Friend, between cultural progressives and those who wish not to have progressive ways imposed upon them. It is between the coasts and the center, between those in flyover country and those who decide what flyover will watch on television next season....By indulging their and their audience's rage, they spread the rage. They celebrate themselves as brave for this. They stood up to the man, they spoke truth to power. But what courage, really, does that take? Their audiences love it. Their base loves it, their demo loves it, their bosses love it. Their numbers go up. They get a better contract. This isn't brave....So many of our media figures need at this point to be reminded: You belong to something. It’s called: us. Do your part, take it down some notches, cool it. We have responsibilities to each other."
We agree. In fact, our media partner AMTV just published a video explaining how and why the mainstream media are portraying violence to target Republicans and the 45th President of the United States. Current events illustrate why now is the time to prepare yourself.
RealMoneyBlog - Free daily/weekly email
VOLATILITY'S LAST STAND, Swiss America's 35th Anniversary issue of REAL MONEY PERSPECTIVES discusses how to safely navigate the sweeping changes headed for the U.S. and the global economy in 2017 under President Trump.
VOLATILITY'S LAST STAND covers: 2017 Economic Outlook * Trump's Triumphant Capitalist Revolution * The Savage Truth About Money & The Machine * Why Your Portfolio Must Include Gold * The War On Cash Intensifies * The Physical Gold Mandate * Owning Gold For the Right Reasons, and more... Request a FREE copy HERE
Latest Feature Commentary
FROM THE DESK OF THE CHAIRMAN
By Craig R. Smith
-While the details are still very much in flux one thing is certain, President Trump's resolve in asserting America as a force against human atrocities; a resolve absent during the Obama years. As for me, I am proud that America is attacking evil wherever it rears its ugly head.