Tuesday, July 7, 2009

Take Physical Delivery of Gold!

Great comment by Gordon Gekko on Zero Hedge:
So it is NOT ENOUGH that the US Government LOOTS us via both EXCESSIVE direct taxation and inflation of the money supply. It has now set upon us these CRIMINAL gangs dressed in the garbs of "respectable" Wall Street firms - providing them unlimited monies and backstopping all their losses for the SOLE objective of PILLAGING the little guy in every way, shape and form. I have just one question for you all - how much more of this NONSENSE are you willing to take? If you have had enough (although this may seem "tin-foil-hatted" to those of you not in the know), start taking delivery of PHYSICAL Gold IMMEDIATELY and END this paper money scam. It is the most peaceful, effective and efficient way to end this orgy of corruption and crime (of course there are many other things that you can do as well, but this is the LEAST you can do). Fiat money is the source of all their power and all your problems. No amount of law enforcement, prosecutions, etc. will cure this disease unless we attack the problem at the root. I assure you - NOTHING can and will be rectified unless we reform our monetary system.
The post itself is about how Goldman Sachs and other firms use computers to profit from volatility, taking money away from retail and institutional investors. Note that Goldman and many of these firms are part of the Federal Reserve system, thus they benefit from the creation of new money (which costs you in the form of inflation), they receive taxpayer bailouts (which costs you in taxes), the set-up leads to volatility, which their programs exploit (which costs you in the market).

If instead of holding paper dollars or savings in a bank account, you transform the savings into physical assets such as gold, silver, platinum, etc., then money is drained from the system and it moves in reverse. The banks will lose at every step of the way, and your precious metal holdings will increase in value as the prices of stocks and other assets depreciate.

It's your choice whether you support a system impoverishing the American people or whether you will take a simple step to oppose it. Two sites that sell gold and precious metals for low markups are:

California Numismatic Investments

Only Gold