xsuddensam

Why Should I Own Gold?

Kelly:

My late Estonian mother told me a story when I was quite young and I never forgot it. Her father bought gold a little at a time over many years. When the Russians invaded Estonia, it was a disaster. The only reason her family was able to survive was that her family had saved gold. Paper currencies were worthless as were bank accounts and other paper assets.

Although our situation may be different today, hard times are hard times in any language. When my mother recently died, she had possession of gold.

Why Should I Own Gold?

Above:

Oops, sorry; I meant "peace" of mind.

Why Should I Own Gold?

Kelly, great response.

You asked, "What motivates governments to engage in this deceptive practice?"

The answer is pure and simple. The fractional reserve banking industry along with the Federal Reserve have greedily taken over the American financial system and they have negligently mismanaged it. Since the politicians are in their pockets and since they control inflation and growth data, they will massage the numbers to try to prop up the inevitable failing banking system. The writing is on the wall. When you see the greenback printed on only one side, as was the Weimar Republic currency, it will mean that the government can't print the stuff fast enough.

This obvious mismanagement and avarice alone are good enough reasons to own (possess) gold and silver. Take delivery, rathole it away and forget it. There is no guarantee that you will get your gold when you need it from ETFs and shared pools. Don't trust anyone with your gold and silver.

Those who think that gold is an investment do not understand that it is the greatest hedge against political corruption and economic collapse. If one "invests" in gold, than one can be sorely disappointed. Owning gold can give one a piece of mind like nothing else.