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The Arithmetic of Gold: Why Its Price Has No Ceiling

My grandfather bought ATT, IBM, JNJ, ABT and these worked a lot better than gold. Keep some gold around, but don't put the house into it.


On Oct 07 09:47 AM Gold Miner wrote:

> My Grandpa told me that buying and collecting gold coins is the best
> way to establish myself and that it was a great hobby as well. He
> told me about how the government confiscated the United States Citizens
> holdings of gold back in 1933. That the only legal way to possess
> gold was in rare coins. He and his buddies converted all their greenbacks
> into gold liberties and St Gaudens coins. My dad also got the gold
> bug at an early age and he too had put 30% of his savings into gold.
> Coin collecting was always a part of my upbringing so when Gerald
> Ford passed a bill in 1974 allowing us to possess gold and the mint
> started minting the gold eagles in 1986 I bought as much as I could.
>
> I am 52 years old now and I am watching my grandpas vision come to
> pass. I have consistently converted my earnings into gold and silver
> and look at the central banks and federal reserve run our country
> into the ground. The power hungry powers to be will stop at nothing
> to see who has the biggest balls. Its all about power. I inherited
> my families fortune as will my children. It's not about power as
> much as it is the quality of life. Something these guys know nothing
> about.
> Secure your families wealth while you can. Get away from the dollar
> and into gold and silver now before it's too late. It's not the germans
> we have to worry about it's the federal reserve and the central bank.