Asset and Wealth Protection
The price of gold rose by a significant amount due to an increased level of safe-haven buying from traders due to the potentially disastrous situation that exists in Europe.
The price of gold popped due to renewed speculation concerning Greece and the eurozone default.
Many studies have demonstrated that being poor will make you miserable, but being rich does not make you happy. At some level, society has always understood this. The ancient Greeks talked about the elusive notion of what made a good life. They called it “eudaimonia.” It’s the philosophy that happiness comes from work that helps others, not worldly possessions.
Increasingly, it appears that the far left has found a straw dog to replace its long-cherished, but now embarrassingly discredited, global-warming hoax: “unequal distribution of wealth.” Of course, class warfare has been around for thousands of years, so it was just a matter of reviving a tired old idea.
Just finished reading your book, “Surviving a Global Financial Crisis and Currency Collapse.”
Absolutely great information much of which I read before elsewhere.
One question comes to mind in your comments on buying gold bullion. You never mentioned “salted gold” and how prevalent it is in the open market?
Curious about your response.
Clayton L. Egeness
Private owners of Greek bonds saw their investments halved yesterday. Devaluing the currency is the modus operandi of the elites as they reach into their bag of tricks to stave off collapse. It will be coming to America soon. They have no choice.
I just read the October (Bob Livingston) Letter™ and you have been mentioning about taking personal possession of any Gold or Silver that I own. I own some Eagles and some Gold but I called where they are stored and they said if I take delivery I would have to pay tax on the amount. Now how is that any different than buying 10 Silver Eagles and having them delivered to my home? I don’t pay any tax on them. Is there a maximum dollar amount I can withdraw without having to pay tax?
Thanks I enjoy your letters very much
Only three years after the world’s financial crisis in 2008, the global economy is slowing down again. At the start of the year, most forecasters expected global gross domestic product to expand in the range of 4.3 percent to 4.5 percent, it probably will only be around 3 percent.
The price of gold rose for a second straight day as the concerns about the European debt crisis that had subsided for a brief period returned in dramatic fashion.
The price of gold returned above the $1,650 mark, easing worries that existed among traders that a significant sell-off would occur, The Associated Press reported.