MikeLovesGold

U.S. Debt Default, Dollar Collapse Altogether Likely

The Government will not confiscate gold. Since the dollar in 1933 was backed by gold, the Government confiscated it so they could print as much money as needed to shore up both the banking system and the economy. 99% of the population owned gold in 1933, they carried it in their pockets, and they carried it in their purses. Now, in 2009, less than 1% of the U.S population own gold. Thus, it would not be worth the Government’s time to confiscate it.

How Wall Street Has Failed the Individual Investor

The financial services industry DID fail us. Do NOT trust your money with these crooks. Do your own homework – even if takes you hundreds of hours to learn how to invest. Otherwise, they will rob you again at the next opportunity.

Gold Even More Attractive as Cash Yields Approach 0%

Sleep better at night, consider buying some gold. It was one of the few assets to earn a positive rate of return in 2008.

Gold - Not the Safe Haven People Think it Is

I would not want to be without gold during the coming turbulent years. Gold is still real money around the world. Gold will still buy today what it did 100 years ago.

Own Gold? Time to Fold

www.kitco.com/ind/Turk...

Gold Coins Are in Short Supply, So Why Doesn't Their Price Rise?

Not true. Gold went up 70+ percent in the 1930's.


On Nov 04 04:58 AM dlaw wrote:

> Why do people opine about the government printing dollars and not
> look at the real money supply?
>
> Why don't you ask yourself how it is that the dollar can be going
> up when the supply is - you believe - also going up.
>
> The supply isnt going up, it's going down.
>
> And in a deflation, people quickly find that their gold coins buy
> them nothing without first buying currency and that other than the
> special panic trade in gold, holding a commodity during a deflation
> is idiotic.
>

Do Not Trust This Market

Excellent article. Spot on.

How Bad Was the 1980s Real Estate Crash?

Great article!

The Dogs of the Dow Can Keep You Out of the Doghouse

Won't they have to cut their dividends?

The Dogs of the Dow Can Keep You Out of the Doghouse

Won't they have to cut their dividends?

It's Time for the Fed to Get Serious - Barron's

Well said.


On Nov 30 08:58 AM Vigilance wrote:

> The Fed is more of a streetwalker than a bashful virgin. Many of
> our economic problems can be attributed to their inflation of our
> currency and fractional reserves policies. The answer to the current
> mess we are in is less interference in the free market by the federal
> government and its un-Constitutional creation, the Federal Reserve,
> not more.

The Gnomes of Zurich Will Have Their Revenge

Great article!

Bear Market: 1930s All Over Again?

Good article, but I wouldn't be surprised to see the DOW fall another 50% over the next couple of years with bear rallies in between.

Are Stocks Really Cheap?

Spot on - great article.

Gold Coins Are in Short Supply, So Why Doesn't Their Price Rise?

The Government will not confiscate gold, and I’ll tell you why. Since the dollar in 1933 was backed by gold, the Government confiscated it so they could print as much money as needed to shore up both the banking system and the economy. 99% of the population owned gold in 1933, they carried it in their pockets, and they carried it in their purses. Now, in 2008, less than 1% of the U.S population own gold. Thus, it would not be worth the Government’s time to confiscate it. There is no reason to scare the public into buying non-confiscateable gold, i.e., pre-1933 gold coins. Also, who is to say that they won’t confiscate pre-1933 gold coins this time around? Consider buying gold to protect your wealth due to either inflation or deflation. Gold has been, and will always be, real money. Thank you.