Thursday, December 29, 2011
Has the day of reckoning arrive?
It´s official, the US stock market is finishing the year 2011 in negative territory. Heck, even gold and platinum are down due to selling even though the dollar is weaker. It´s really amazing to me that platinum is now lower than gold in price. That doesn´t happen often, folks, it may be a good time to dump gold and get into platinum which is traditionally about 33-50% higher in price than gold. The real buy is silver which is about 56 to 1 for gold and the 4,000 year traditional ratio is between 15 and 16 to 1. Gold has been money for thousands of years with silver running a close second. Banksters have tried to (successfully, I might add) to pry economic systems free from them so the currencies can be ¨elastic¨ which means it is easy to steal your purchasing power by having the power to create new money from thin air (also called ¨fractional reserve banking¨). The real advice here is to buy gold, silver, platinum, cinderblocks or anything that really exists. The Chinese are blocking the formation of new gold exchanges PLUS have made a deal with Japan to cut out conversions to the US dollar for trade between them. No one can say with certainty when the dollar may hyperinflate especially since it may just disappear. THAT would be one giant mess for everyone who depends on the dollar. Real stuff doesn´t just disappear which will leave you with something for trade.
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