An Act Of Desperation

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Dear Bob,

You recommend gold and silver but they have crashed. I have lost thousands of dollars.

A: I admit I did not anticipate the crash. Actually, it was not a crash but a slam by the big commercial banks, led by JPMorgan. This slam damaged the precious metals market. Not permanently, but for maybe about two months. This is an act of desperation by the government in cahoots with the big banks. But remember, the U.S. and the world are awash in fiat dollars. Printing money is nothing but the constant devaluation and depreciation of those paper dollars. We have this last opportunity to cash in on these suppressed prices of gold and silver. And you have not lost anything unless you sell your metals at depressed prices. JPMorgan has gone from record shorts to record longs. This means they expect this temporary suppression to give way to the most explosive advances imaginable.

Bob Livingston

founder of Personal Liberty Digest™, is an ultra-conservative American author and editor of The Bob Livingston Letter™, in circulation since 1969. Bob has devoted much of his life to research and the quest for truth on a variety of subjects. Bob specializes in health issues such as nutritional supplements and alternatives to drugs, as well as issues of privacy (both personal and financial), asset protection and the preservation of freedom.

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  • dan

    I’ll go you one better , Bob : all of this money printing is depressing the value of the toilet paper I have stockpiled.

    • TombstoneLizard

      LOL The difference between fiat money and toilet paper is that toilet paper will always be valuable and in demand! As a matter of fact, it sounds like a real good investment!

      • question_er

        Actually, if Uncle Ben and Fedzilla keep it up, they’ll be equivalent before too long.

        • TombstoneLizard

          Toilet paper consists of a finer grade of paper, far nicer than wiping with fiat money! Good fish wrap, though. I feel sorry for the trees and the cotton plants wiped out to print the garbage!

  • Mike Austin

    You only lose if you sell. I expected this and was hoping for a slightly lower dip. I watched a Glenn Beck show last year that predicted it would drop low after a record high, the explode, just like Bob says. It is the manipulation that is causing this swing.

    I would rather have my gold and silver at lower than the purchase price right now than the increasingly devaluing dollar..

  • Flyer78

    So Bob–what will you say when you find out that the market doesn’t conform to your theories?
    I find it utterly bizarre that people who claim to believe in the free market somehow refuse to believe that gold and silver might be going down because of natural market forces. Quit believing that everything is a conspiracy.

    • http://personalliberty.com/ Bob Livingston

      Dear Flyer78,

      You write: “I find it utterly bizarre that people who claim to believe in the free
      market somehow refuse to believe that gold and silver might be going
      down because of natural market forces.” There are many times more ounces of paper “gold” than all the gold ever mined in the history of the world. Therefore there is no free market in gold. Your ignorance on the subject is palpable.

      Best wishes,
      Bob

  • johnd

    A funny thing happened to me on the way to the crash. I lost my job about a year ago. I couldn’t believe this economy could stay afloat much longer. I had some silver stock piled and invested in some livestock and a years supply of food.
    I had to sell my silver to buy feed for the livestock. The part time jobs I’ve been able to find aren’t paying enough to cover my living expenses so I have to get a full time job which means selling the livestock because I won’t have the time to take care of them.
    So I panicked too soon. I now believe that those in control are much smarter than we are giving them credit for. It matters not what the price of silver is because by the time it should be of great value, all the other aspects of our culture will be so controlled that it won’t do any good. I’ve decided to be happy with where I am, with what I’ve got, while I can. When and if the crash does come, I’ll worry about it then.

  • question_er

    Buy, buy, buy!!!