Europe is heading straight for the financial garbage heap. Economic collapse in Europe would almost surely drag the United States down with it. So get out of debt and buy gold to protect against the coming disaster.
Today’s sovereign debt problems in Europe and the United States create the single biggest risk for Western economies. In order to deal with the economic challenges, the European Union is becoming an increasingly integrated and centralized structure. I have never been a big fan of the EU and its currency, the euro.
The Midas metal has been on a tear since 2001. Since then, the world has witnessed two major stock market collapses, a boom-bust in real estate, the Great Recession and a European debt crisis. Throughout it all, gold has increased from $300 an ounce to nearly $2,000, before retreating (it currently is around $1,750 an ounce).
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
As I write this article, global financial markets and the world economy are at a crossroads; some people even believe it is a one-way street to an economic collapse, especially in the Western world. Most major stock markets are down between 10 and 20 percent this year; and, even worse, most markets are trading below the levels we had 10 years ago.
Silver investments are becoming increasingly attractive in an uncertain economy. With good timing and the right strategy, you could reap huge profits on the expected gains in silver. As an industrial commodity and a monetary asset, silver’s impressive industrial qualities make it more than just another shiny metal.
Autumn is nearly here, and I am reminded of stock market crashes and one near plane crash. The September equinox marks the anniversary of when my Uncle Richard and I fell from the sky in his Cessna 172. I haven’t had such a close call since, yet I have a lot of anxiety these days — not about flying, but about the stock market.
According to reports from The Associated Press, Venezuelan President Hugo Chavez formalized the nationalization of the South American country’s gold mining industry early this week in response to rising concerns about the value of the U.S. dollar.