|
What is still not too late?
Citigroup is telling us that if
something’s not done soon to turn things around then the price of gold
could go to $5,000 an ounce and that gold at present was not over valued. And the S&P has stated it does not
believe this country will ever get its financial house in order.
Well, it’s still not too late to
add another few trillion into the pot just for good measure. Do you see
better days ahead for a country with over 14 trillion in debt owed to the rest
of the world? Who was that nut who said that the hand that gives is the hand
that takes?
Boxer the dog (you & me) becomes
sick and Napoleon the Pig calls for the veterinarian. But Benjamin the donkey
who can read as well as any pig (he was home schooled)) notices that Boxer is
being sent to the glue farm (the new government mandated health plan). As
years pass the pigs in Washington learn to walk upright and Czars are
appointed to stand watch over the farm animals’ last remaining wealth.
Their piggy banks.
The pigs that are in power and control
the laws of the land and such develop a new executive order declaring that
all animals are equal. But just some are a little more equal than others.
Squealer is the small white fat porker and the minister of propaganda.
Squealer confuses and disorients everyone when the farm animals call for a
balanced budget. No! No! No! Squealer reminds all that Christmas might not
come if we pay our bills.
Well, looks like the United States
credit rating was lowered. And maybe again in 6 months if someone up there in
the land of the Pigs (Congressmen) doesn’t start paying attention to
all that wasteful “slop” up there. John Chambers is the managing
director and chairman of Standard & Poor’s sovereign ratings
committee and is demanding that the US get its house in order. Start paying
your bills! John went on to speak highly of Ron Paul’s single man band
to encourage all to get busy paying down the debt.
Remember from 2000 to 2003 when just
tiny minorities of individuals were recommending gold and silver physical?
And precious metals stocks? Since then we have seen gold climb from 252 to
over 1,600. Since then silver has climbed almost 10 times at its peak within
the last year. Many gold and silver mining companies that had market caps
under $10,000,000 have now market caps in the billions of dollars. Well, at
least the principles of wealth creation are still intact.
Those were the days when mining
companies had market caps less than their cash in the bank. The time to get
into any market is when the blood is in the streets. In those early days Doug
Casey was shouting from roof tops to back up the truck with mining shares.
For those who listened to Mr. Casey they are all waiting in line to take him
to lunch.
What happened to all those predicting
gold would become so worthless that the last gold ounce would eventually be
thrown into the depths of the sea? I believe these folk themselves are now
jumping into the depths of the sea.
No more fried chicken at Grammas’ every Sunday after church. Who said, in
1811, that if the US does not elect to have a national bank within the year
the US will find itself involved in a most disastrous war? I don’t
think it was Bozo. It can be dangerous sometimes not to take out a loan. Wow!
Was this principle ever learned by the good folk tilling the land.
The US Capital was burned to the ground.
Folks learned better next time to pay heed to those European Bankers. This
war brought one splendid accomplishment for the United States. Our first
National Anthem was penned by Francis Scott Key. I say first because
I’m certain it will be changed eventually because of its reference to
war. We, at least, still get to enjoy it at ball games.
Oh, say does that star spangled banner
yet wave. O'er the land of the free and the home of the brave? It will be
over my dead body before I see these words and our anthem changed. And I hope many
others feel as I do.
Praise the Power that hath made and
preserved us a nation. Then conquer we must, when
our cause it is just, And this be our motto: "In God is our trust."
Go Rick Perry! There are those who are willing to live free or die. Go ahead,
step again on this nations blood. From without or
from within. This nation will yet fight for the God given right of freedom.
We will fight here or fight on any shore that threatens our right to exist.
Bloomberg speaks and when Bloomberg
speaks people listen. Bloomberg said there was a strong possibility that
China may buy a trillion bucks of gold. And that China has stated, not too
loudly, that a third of their $3 trillion in foreign reserves just possibly
may be used to buy all that gold. Oops! Hope I didn’t say that too
loud.
I read recently of the
“fleets” of mining ships filling China’s harbors. And I believe
Century Weekly has stated that the great Bear (Russia) has purchased recently
8 more tons of that yellow stuff. I’m personally bullish on gold and I
no longer think any price of silver or gold will ever be too high.
What remains today to continue to seriously
invest in? And you ask again why anyone owns and advocates gold, silver and
precious metals investments?
Yes, gold and silver rule and then rule
some more!
David Vaughn
|
