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.
In any dealings with the Internal Revenue Service, and contrary to American jurisprudence, you are first considered guilty unless you can prove your innocence. There is little that sends more chills down the spines of American “taxpayers” than a letter or call from an IRS functionary.
My husband and I are both 76 and have very bad hearts. I feel that after January we won’t be able to have our heart medicine refilled. We are thinking about moving to Panama to have a chance to live. What do you think? Also, can you tell me how to get gold out of the United States?
(I began publishing my monthly newsletter The Bob Livingston Letter™ in 1969. The following is an excerpt from the June 2002 issue in which I advised readers to buy gold and gold stocks and get in on the bull market in gold. Over the next 10 years, gold gained an incredible 500 percent before its price was manipulated down over recent months. The gold stocks I recommended brought incredible returns.)
Gold is in phase one of a new bull market. Few people know it. The public won’t know it until phase three, after the dollar price of gold and gold stocks have skyrocketed.
If you have big losses in the big market now, switch to the gold market. Any broker or discount broker like TD Waterhouse can buy and sell gold stocks. You may have a chance to recoup your losses and accumulate generous profits by phase three of the gold bull which will be two to three years out.
The IRS/Tea Party Scandal doesn’t hold a candle to the size and scope of IRS abuses… So, it sheds no light on anything. Let’s boil this scandal down to simple words; words like “Tea Party” and “Patriot” and “Constitutional”; words that when used in paperwork to become tax exempt organizations, keep the people filing from being treated fairly.
You refer to gold and silver coins in your letter (The Bob Livingston Letter, subscription required). What about those of us that have invested in 100 oz. silver bars? How do I fare when the boom is lowered?
If you own gold and silver, don’t panic over the recent price pullback. The “experts” now telling you to dump your gold and silver are the same “experts” who said things were rosy just before the fall 2008 crash. If you’re smart, you’ll do just the opposite of what those “experts” tell you to do.
China and Australia have entered into an agreement that will allow for the direct converting of the Australian dollar to the Chinese Yuan, in the process cutting the U.S. Dollar’s present status as a reserve currency out of the conversion process. The move makes Australia, already a major consumer of Chinese goods, the first non-BRICS […]
When is a guarantee no guarantee? When you are doing business with liars and thieves — i.e., the government and banksters. Cypriots learned this the hard way over the weekend when the EU elites froze their bank accounts and announced plans to plunder savers’ accounts by up to 13 percent.
Most economic experts agree on three things: 1) Lawmakers are highly unlikely to reach an agreement before Jan. 1, when deep automatic spending cuts and crippling tax increases will automatically occur. 2) When they do implement a fiscal cliff plan, it will probably be little more than a quick-fix to avert only the harshest consequences of their failure avert the cliff. 3) Talks over the fiscal cliff have become more about political grandstanding and less about protecting Americans’ bottom lines.