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Fool’s Gold? Never!

May 28, 2012 by  

Dear Bob

It’s through your information some time late last year to inform us to buy gold when it was rather high and i like a silly fool took your advice and lost so much money, as an ordinary housewife.

Now you are adding salt to wound to say that it can be gotten at 75% below cost.

Please be sincere.

Blessings

Monica

Dear Monica,

You never look foolish when you buy gold. The price is going to fluctuate because of the efforts of the elites to manipulate the price. They will ultimately fail. I still believe gold will see $2,000 and beyond. And I am not alone. Gold is down a bit in recent weeks, making it an excellent buying opportunity. Since 2000, gold has increased in value 491 percent. The stock market has been stagnant and, when figuring in inflation, has lost money. Besides, you don’t hold gold for an investment but for a store of value. When the dollar collapses, you will still be able to buy bread and milk while those around you beg. The gold you own is a bird in the hand and is worth two (or more) in the bush of that advertising offer you read.

Best wishes,

Bob

Bob Livingston

is an ultra-conservative American and author of The Bob Livingston Letter™, founded in 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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  • GALT

    Monica……Bob would have done better to explain that the “salt” you are referring to, is actually a business opportunity, which requires you to learn the scrap metal business, as it pertains to “gold and silver”, in it’s other forms, such as jewelry, coins, silverware etc.

    The person “hawking” this scheme makes a “profit” on the information plus whatever other
    “add on’s” you would have to purchase to conduct this business successfully, which ultimately comes down to finding a sufficient number of ignorant people, who own things
    of this type, but are unaware of the actual value……hence the estimated profit margin or
    claim of 75% below cost.

    Then again, because of the nature of Bob’s business and that “advertising” is a revenue stream for website traffic…….there may be some restrictions regarding such “revelations”
    in the fine print………and you can find these ad’s everywhere……..so you have to choose between various claim’s for all manner of supposed scheme’s………the caveat, that “If it sounds too good to be true………”pretty much applies to all of it………as well as, “If it’s so good…..why are they sharing this secret……..etc.”

    My favorite disclaimer is, “Past performance is no guarantee of…….” and despite this,
    most sales pitches “use exactly this method”, to convince you………laziness and greed,
    do the rest of the work………

    Caveat emptor is still the most appropriate frame of reference upon which to operate.
    Caveat venditor may some day replace it……….when our supposed legal system finally starts doing what has been claimed as “what it is supposed to be doing”.

  • Vigilant

    “When the dollar collapses, you will still be able to buy bread and milk while those around you beg.”

    While I respect your point of view, I remain highly skeptical of that notion, Mr. Livingston.

    The dollar will be with us for quite some time, I believe. Any financial collapse will force us into a martial law situation of necessity, and right quickly. I foresee the Feds not only cracking down on the very possession of gold and silver (as FDR did), but also an immediate freeze on wages and prices a la Richard Nixon.

    If the situation ever develops that the millions are forced into begging for food while the relative few have precious metals, it will quickly deteriorate into a situation where the haves will come under very violent onslaught from the have nots. It will make the Watts riots look like child’s play.

    The scenario you pose is dependent upon a continuation of relative order and stability in society. I believe all bets will be out of the window in the event that “The Long Emergency” comes to pass. It will be even worse if a “One Second After” catastrophe occurs (EMP or CME event).

    At that point, does anyone really believe that you’ll be able to walk into a WalMart or Seven Eleven, stroll up to the assayer’s counter and redeem your gold? What good will one ounce of gold do you, purchased at $1,000 an oz., now worth $5,000 an oz., when the nominal price of a loaf of bread has risen to $5,000 in inflated “Weimar” currency?

    No sir, the stores will have been looted long before the “stored value” of gold comes into play, and at that point no one’s going to be foolish enough to trade their vegetables and meats for a wheelbarrow full of gold bars.

    I submit that the vast majority are in the gold market for one reason: investment, i.e., in order to turn a profit from buying low and selling high. THAT has been the thrust of every advertisement for gold that I’ve seen.

    • James

      There will always be stores that buy and sell gold, even in a depression. And the dollar wont collapse suddenly, as that word implies, it will lose its value gradually at first, like it is now, and then accellerate. Officially, the rate of inflation (the amount prices go up) is 2%, but it’s actually more like 4-5%. That rate will increase as the government continues to spend borrowed money into the economy – money that hasn’t been earned.

  • ROGER, Irish-Canadian Libertarian

    I agree with you “Vigilant” except for your last point…yes and no !!

    Initially in the confusion and chaos Gold will serve no purpose BUT when the situation calms down and a new currency is introduced GOLD will REDEEM itself by compensating for the loss in value of the “old” currency.

    The ONLY “monkey wrench” in the machinery would be, as you say, and i have also been concerned about, is confiscation of the gold.The only deterrent to that confiscation could be China And Russia.

    As long as they( china and Russia) continue to allow people to own gold, it may be very difficult for America( and the rest of the “Axis of Evil” (U.S., Britain,Israel) to be the “odd man out”, so -to-speak. I don’t mention Canada as part of the “Axis of Evil” because ,Canada is only the “Flea on the Dogs Back”

  • TIME

    Overall I feel that any “WEALTH in any tangible form,” is far better investment value than any thing else on the market at this TIME,
    BY the term {TANGIBLE } – I also mean items that can be used to prevent harm as well substance’s that can also be consumed to keep you going in all forms.

    As for the fall of the – DOLLAR, – that will take place not long after the fall of the EURO. When will that will take place – anyone with any gray matter can read the witting on the wall as to how long thats going to hold – if one can – then you would know thats not going to be very long.

    Understaning what the new ACTS passed mean as far as the “BIG PICTURE,” then anyone should understand that ACTS like then NDAA, and all its fragments still being passed daily spell out whats going to happen to YOU and your loved ones.

    In the LONG run if any of you wish to understand the ramifications better, Then look at what happened all around Europe in the pre 1946′s TIME frame.

    A mind set that needs to be garrnered from all of that is this: “Keep only what you can carry and hit the road with in less that 15 minutes.”
    Have a second as well a third and even more small deposits hidden around where ever your end point may be.
    Travel – light travel fast and don’t ever become static, be able to blend in to anything.

    Peace and Love

  • Mike Austin

    Monica – Look at the big picture. Yes, gold/silver has dropped in price since many of us bought it. I am not planning on cashing it in until I need it. Don’t doubt that Greece and Spain causing a meltdown in the EU will cause everyone else to feel alot of pain. The Gov’t is still spending way too much to ever pay back the bebt.

    In the end, will the dollar still be around when we have more debt than the next 4 largest debter countries combined? No. BRICS are already moving to bump the USD from the world reserve currency status. If you are not aware of the meaning, look it up.

    All of these trolls saying the gold will not be worth anything will be the ones coming to beg from you. Worst case, if there is little food, someone will be still be willing to sell some of it. Will they take inflation riddled USD or gold? You decide.

  • WOLF

    The purpose of this site and all the others is: scare the populace-it’s a lot easier to get their agenda through AND sell things. Some say that is the only reason.How much do you think these people make from these places. Good news doesn’t sell gold.

    • James

      Wolf, the dollar has been losing its value since 1913. When I was a kid, a double-dip ice cream cone was 5 cents, now it’s $2.50. All other commodities have gone up in price also. Back then gasoline was 9 cents per gallon. In that same period of time, Gold has gone from $20/oz. to $1557/oz. Gold usually keeps pace will inflation, but has spurts and sputters when buyers paanic.

  • http://windstream Reinold M. Hjerpe

    Does the people selling gold know some thing the average person doesn’ know about the dollar? Why are they willing to trade gold, which they say is climbing in value, for the dollar, which we are being told, is gloing into the tank? Some thing does not add up!

    • http://personallibertydigest Joel

      I’VE SEEN GAS @ $.17 PER GALLON AND AT SOMETHING OVER $4.00, YOU TELL ME WHAT A DOLLAR IS WORTH.

      • http://personallibertydigest Joel

        An added note, I have lost thousands in the market and with so-called sound advisers. Myself, lesson learned, I’ll never trust the market or those that work in it, and that is sound advice!

    • James

      Gold doesn’t increase or decrease in value, it simply reflects the value of any currencies in circulation. The price of gold is going up in dollars because unearmed dollars are being borrowed and spent into the economy by the federal government (deficit spending). If a nation doesn’t pump more worthless paper currency into its economy, the price of gold, in that curency doesn’t go up.

  • JerryWheelerWroteThis..

    As usual, you can’t satisfy all the people all the time.. I thought you knew that Bob..

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