GoldSilver.com
OCTOBER 04, 2011
OCTOBER 04, 2011
We are extremely proud of our purchasing customer base, our beloved Insiders. With the recent volatility in gold and especially silver, only a handful of customers sold off their bullion holdings. Hundreds and hundreds have and are still taking advantage of the price pullbacks by acquiring more ounces of tangible counter-party risk-less monies.
Smart investors are not running away from this bull market. To the contrary, they are running with both hands extended dropping fiat paper promises for the exponential future of gold and silver bullion.
Understanding the financial fundamentals and sticking to the facts, this is a key piece to solving our present puzzle in acquiring true wealth.
And so continues the puzzling news, the economic situation in Europe is not going well. Greece's potential debt default threatens not only to affect the Eurozone, but the entire globe.
The U.S. debt is up to $14.5 trillion and our unfunded liabilities ($80 to $100 trillion) are not payable without extreme currency debasement:
Smart investors are not running away from this bull market. To the contrary, they are running with both hands extended dropping fiat paper promises for the exponential future of gold and silver bullion.
Understanding the financial fundamentals and sticking to the facts, this is a key piece to solving our present puzzle in acquiring true wealth.
And so continues the puzzling news, the economic situation in Europe is not going well. Greece's potential debt default threatens not only to affect the Eurozone, but the entire globe.
The U.S. debt is up to $14.5 trillion and our unfunded liabilities ($80 to $100 trillion) are not payable without extreme currency debasement:
The Federal Reserve is endlessly printing Federal Reserve Notes, fleecing the world's purchasing power day in, day out.
The U.S. unemployment picture and foreclosure rates are growing worse. Regardless of the distractions dragged forth, the truth is, things have to get worse before they get better.
Troubling Trends in Regulations Affecting Gold & Silver Investors
A well known digital bullion firm has recently decided to close its gold and silver accounts within the Netherlands. It appears the Autoriteit Financiële Markten, the Netherlands financial regulator, indicated that, in its view, this digital gold firm was "offering investment objects in the Netherlands without a licence" in breach of Section 2:55 of the Netherlands Financial Supervision Act. Rather than submit to regulatory requirements, this particular firm has decided to discontinue offering their services to customers within the Netherlands.
Approximately two months ago, the British government seized numerous assets from citizen's safe deposit boxes. Gold, silver, jewelry, art pieces and personal belongings at the following locations: Park Lane Safe Depository (in Park Street), Hampstead Safe Depository (on Finchley Road), and in Edware Safe Depository (on High Street in Edware).
There was an order which came directly from the government, under the pretext that those belongings could be "illegal", from the "black market" and/or from "drug businesses and money laundry". A total of 146 people were arrested and 30 of them received charges of pedophile, illegal arms possession and money laundry.
Austria recently announced a maximum of 15,000 euro purchases for precious metals per transaction, which is approximately 12 ounces of gold or 600 ounces of silver bullion.
France has followed Austria's steps in an even worse way. It has been reported France just modified a law where any transaction for metals higher than 450 euros (roughly $ 600.00) must be made through a bank transfer.
Tran Thanh Hai, general director of the Vietnam Gold Business Co, suggested that the central bank issue gold certificates to sell to individuals at prices below the market price. This would demotivate citizens from buying and selling gold on the market, creating risks and helping the country retain its foreign currency reserves.
Nguyen Dong Tien, State Bank deputy governor, revealed that the central bank will submit a draft of a decree, stating that the State Bank would control and intervene in the gold market if needed, preventing speculation and price manipulation. Trading in gold bars would also be restrained.
As many of you may recall, in the United States, a law was recently repealed (it would have gone into effect at the beginning of 2012) where all companies would have had to issue 1099 IRS tax forms for all transactions of $ 600.00 or more for goods and services.
Where are our liberties? How are we supposed to trust our governments, when they are actively moving to track and control our financial freedoms?
Mike Maloney writes in his book, Rich Dad's Guide to Investing in Gold and Silver, governments "should protect citizens against crimes against themselves or their property". He states that "when a government, in pursuit of good intentions, tries to rearrange the economy, legislate morality or help special interest, the costs come in inefficiency, lack of innovation, and loss of freedom".
Mike often exclaims what he wrote in his book... "Governments should be a referee, not an active player".
Mike Maloney writes in his book, Rich Dad's Guide to Investing in Gold and Silver, governments "should protect citizens against crimes against themselves or their property". He states that "when a government, in pursuit of good intentions, tries to rearrange the economy, legislate morality or help special interest, the costs come in inefficiency, lack of innovation, and loss of freedom".
Mike often exclaims what he wrote in his book... "Governments should be a referee, not an active player".
We must heed Mike's advice, "I believe it will be the perfect storm and there isn't anything we can do to stop it. Events are forming that, once fully converged, will result in quick and devastating economic destruction. If you think the government will help you, you are sorely mistaken".
The signs are out there. Every day, the more we read the news, the worse it gets.
When it comes to government regulations for gold and silver bullion investing, the trend is not our friend.
Before these ugly tendencies reach their climax, before it becomes too late, we must acquire our bullion while the window of opportunity remains.
The private banking establishments and the governments who serve them, they don't want to see us acquire gold and or silver bullion.
They are fully aware that if we take action and ownership of investment grade bullion, the stealing of our wealth becomes next to impossible.
The name of their game is control. They want to dominate our financial futures.
The signs are out there. Every day, the more we read the news, the worse it gets.
When it comes to government regulations for gold and silver bullion investing, the trend is not our friend.
Before these ugly tendencies reach their climax, before it becomes too late, we must acquire our bullion while the window of opportunity remains.
The private banking establishments and the governments who serve them, they don't want to see us acquire gold and or silver bullion.
They are fully aware that if we take action and ownership of investment grade bullion, the stealing of our wealth becomes next to impossible.
The name of their game is control. They want to dominate our financial futures.
Physical bullion is one of the only financial assets fully outside of their financial matrix. It is true wealth which cannot be frozen, debased, or defaulted upon.
We must free ourselves. We must claim control over our financial destinies. We must get our gold and silver bullion before it is too late!
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