In the world today, most nations have a little bit of gold, and for that matter a lot of people have a little bit of gold. Who has the most, and who buys the most, is an interesting thing to make note of, since gold is historic real money, rather than un-backed pieces of paper which can be reproduced ad infinitum, ad nauseum; the only limit being the supply of ink and paper. In the U.S., producing dollars requires a bit more paper work, but the end is the same, and that can be proven by a look at the U.S. debt clock. The clock shows that a lot of interest is being paid to those who buy the government debt. Buy government debt? Professional money managers say that government debt is the safest thing to invest in, because it is backed by the “Full faith and credit of the U.S. government.” We won’t go into that again but it is a funny statement. See, licensed financial managers, if they put their clients into gold, would not make any money. Without constantly buying and selling stuff, they would go broke, so they constantly sell and buy stuff for their people, and of course charge them a yearly commission. When you buy gold, it is 1% including shipping, and that is it. And of course, we don’t advertise or call and bother people.
The interesting thing about gold, is first of all, who buys it, and why. China buys 31 million ounces of gold a year, and India buys almost 22 million ounces. Indian women love gold jewelry, wear it regularly, and Indian men and women both realize the inherent worth of gold, and that it is real money. China seems to buy it because they know what it is. Chinese people wear little gold jewelry, but the Chinese government’s 31 million ounces a year purchased, speaks well for them, monetarily at any rate. China, being communist, has caught a bit of the capitalistic bug, and it trying to understand it, but is failing at it. Part of capitalism is the freedom to do as one wishes, and not as government dictates. In China, government permission is required for virtually any business or program the mind can conceive. China has built entire cities which are not inhabited, and government factories are in trouble now. Chinese banks are government controlled and loan money to businesses and factories which have been approved by the government, which would fail in America. The corruption in China and other communist and socialistic nations is unbelievable, but that’s their problem, not ours.
China’s buying 31 million ounces of gold each year, may save them from the catastrophe of their other investments and projects. The U.S. buys a bit over 3 million ounces each year, and that is probably for the production of Gold Eagles. The Gold Eagle and its four sizes, is supposed to be made of U.S. mined gold from U.S. mines, and I don’t doubt the truthfulness of that. The U.S. government owns no gold or silver. The last time Ft. Knox was inventoried, was in the Eisenhower years, and a few years after that, fleets of heavily armored tractor trailers were seen leaving Ft. Knox. I am sure it is as empty as an egg shell. The gold which was stored in the basement of the World Trade Centers was salvaged, but it bears the name of the U.S. as its caretaker, not owner.
Here then is the U.S. dollar, which is the strongest currency in the world. The U.S. buys only enough gold to produce its Gold Eagles, and none is tucked away as insurance. China is miserably run by its ignorant rulers, but they buy nine times as much gold as does the U.S.
In my opinion, the Chinese are not inventors, but have stolen America’s intellectual properties, inventions, manufacturing processes, and everything we have invented and developed over the last hundred years. Russia has done the same, and they buy 1500 ounces of gold each year. America is so great, because we are relatively free. Freer than any other nation on Earth, and it shows. Americans are prosperous, happy, and productive. Donald Trump is taking America back to being great again, but I do worry about the American treasury not having any gold! American citizens have gold; at least a lot of us do. I have a cartoon of the little king standing on his castle window proclaiming, “Remember the golden rule.” Below is the wording which says, “Those who have the gold make the rules.” How true, and maybe that’s why the Chinese having gold and the U.S. not having any, worries me. If it all comes down in a heap, I want gold. I see no indication of it all ‘coming down in a heap’ in the near future, but if it begins, I’ll guarantee you the price of gold will not be what it is today! We’re here if you need us! – Don Stott – 1-888-786-8822
In the world today, most nations have a little bit of gold, and for that matter a lot of people have a little bit of gold. Who has the most, and who buys the most, is an interesting thing to make note of, since gold is historic real money, rather than un-backed pieces of paper which can be reproduced ad infinitum, ad nauseum; the only limit being the supply of ink and paper. In the U.S., producing dollars requires a bit more paper work, but the end is the same, and that can be proven by a look at the U.S. debt clock. The clock shows that a lot of interest is being paid to those who buy the government debt. Buy government debt? Professional money managers say that government debt is the safest thing to invest in, because it is backed by the “Full faith and credit of the U.S. government.” We won’t go into that again but it is a funny statement. See, licensed financial managers, if they put their clients into gold, would not make any money. Without constantly buying and selling stuff, they would go broke, so they constantly sell and buy stuff for their people, and of course charge them a yearly commission. When you buy gold, it is 1% including shipping, and that is it. And of course, we don’t advertise or call and bother people.
The interesting thing about gold, is first of all, who buys it, and why. China buys 31 million ounces of gold a year, and India buys almost 22 million ounces. Indian women love gold jewelry, wear it regularly, and Indian men and women both realize the inherent worth of gold, and that it is real money. China seems to buy it because they know what it is. Chinese people wear little gold jewelry, but the Chinese government’s 31 million ounces a year purchased, speaks well for them, monetarily at any rate. China, being communist, has caught a bit of the capitalistic bug, and it trying to understand it, but is failing at it. Part of capitalism is the freedom to do as one wishes, and not as government dictates. In China, government permission is required for virtually any business or program the mind can conceive. China has built entire cities which are not inhabited, and government factories are in trouble now. Chinese banks are government controlled and loan money to businesses and factories which have been approved by the government, which would fail in America. The corruption in China and other communist and socialistic nations is unbelievable, but that’s their problem, not ours.
China’s buying 31 million ounces of gold each year, may save them from the catastrophe of their other investments and projects. The U.S. buys a bit over 3 million ounces each year, and that is probably for the production of Gold Eagles. The Gold Eagle and its four sizes, is supposed to be made of U.S. mined gold from U.S. mines, and I don’t doubt the truthfulness of that. The U.S. government owns no gold or silver. The last time Ft. Knox was inventoried, was in the Eisenhower years, and a few years after that, fleets of heavily armored tractor trailers were seen leaving Ft. Knox. I am sure it is as empty as an egg shell. The gold which was stored in the basement of the World Trade Centers was salvaged, but it bears the name of the U.S. as its caretaker, not owner.
Here then is the U.S. dollar, which is the strongest currency in the world. The U.S. buys only enough gold to produce its Gold Eagles, and none is tucked away as insurance. China is miserably run by its ignorant rulers, but they buy nine times as much gold as does the U.S.
In my opinion, the Chinese are not inventors, but have stolen America’s intellectual properties, inventions, manufacturing processes, and everything we have invented and developed over the last hundred years. Russia has done the same, and they buy 1500 ounces of gold each year. America is so great, because we are relatively free. Freer than any other nation on Earth, and it shows. Americans are prosperous, happy, and productive. Donald Trump is taking America back to being great again, but I do worry about the American treasury not having any gold! American citizens have gold; at least a lot of us do. I have a cartoon of the little king standing on his castle window proclaiming, “Remember the golden rule.” Below is the wording which says, “Those who have the gold make the rules.” How true, and maybe that’s why the Chinese having gold and the U.S. not having any, worries me. If it all comes down in a heap, I want gold. I see no indication of it all ‘coming down in a heap’ in the near future, but if it begins, I’ll guarantee you the price of gold will not be what it is today! We’re here if you need us! – Don Stott – 1-888-786-8822