By: John Fisher
“Like gold, U.S. dollars have value only to the extent that they are strictly limited in supply. But the U.S. government has a technology called a printing press that allows us to print as many dollars as it wishes at essentially no cost.”
– Ben Bernanke, Federal Reserve Governor and tipped to take over from Alan Greenspan (Speech – ‘Deflation: Making sure ‘It’ doesn’t happen here’ – November ’02)
Click here to check the gold, silver and gold/silver ratio charts…
All Things Considered – John’s Commentary
Action to take: Ben Bernanke is dead wrong about “no cost” being attributed to the excessive printing of US dollars. The cost is tremendous and growing. Everyone knows it – both here and abroad. You cannot print gold, and that is why central bankers like Bernanke don’t like gold. Gold keeps central bankers accountable, and that is why it is rising in price.
You may believe that I have a selfish agenda, but quotes such as this speak for themselves. You need to seriously consider having a minimum of 10% of your net worth in gold. It provides the insurance you need for the other 90% of your wealth.
What to buy: There are some very inexpensive gold options at present. Please call us to discuss the low premium items that are available.
Quote of the day: “Gold still represents the ultimate form of payment in the world. . . . Fiat money, in extremis, is accepted by nobody. Gold is always accepted.” – Alan Greenspan, US Federal Reserve Chairman (Speech, May ’99)
Even Greenspan knows that dollars won’t last. You need to have some gold! It’s not just a nice thing to own – it will someday be a necessity.
