Gold is Golden
Time to Invest in something Real to Assure a Good Life Tomorrow is coming. Gold surpasses $500. Every day it is becoming more evident that stocks, bonds, and property in America and most of the Anglo-Saxon world are propped up on borrowed money and borrowed time.
By borrowing of course. About half of that money came from “equity extraction.” The present home owner generation is living off the perceived increase value of their houses. Many western economies have participated in this gigantic fraud of escalating house evaluations as evidence of economic growth, relying on greed and bogus money supply to stoke the fires of the greater fool theory and thus give the illusion of prosperity. Skeptical huh. Remember, world economies have been off the gold standard now for over 35 years, ever since tricky Dick Nixon unpegged the US dollar from gold as a means of surreptitiously stimulating a sagging economy of the time. Adhering to the Gold Standard, the medium of exchange backed by gold, forced politicians and bankers to be accountable.
Money today is not based on anything tangible or of intrinsic value. As the unmasking of the great deception accelerates, countries with manageable debt and natural resources will see their currencies decline slower in relation to the US dollar, but all currencies will decline in relation to, you guessed it, Gold.
As the saying goes, BS walks, and the age old measure of real value called Gold, will be what talks.
Americans in particular now owe far more money to far more people than can ever be paid back. They have bigger houses, newer cars, more electronic gadgets and a smug attitude to go with it. But they also have more bills to pay and no more money to pay them with. The U.S. government has borrowed more money from foreigners in the last eight years than all previous administrations since the time of George Washington. Not value or substance, but mindless triviality, delusion or false expectations. Owning gold bullion or gold coins is decidedly a happy thought.
