by Mike McGill – Kristos Trading
Right now, there is a very heated contest occurring in the precious metals community – a war between the banksters, Wall Street elite, and mainstream news financial pundits over who can make hard money advocates most afraid of owning gold, silver, and mining stocks. These bad boys are working triple overtime to scare precious metals investors that the US dollar will somehow continue to gain in stature and value against other competing investment classes, hard commodities (e.g. precious metals), and foreign currencies.
Those investors whose trading accounts and positions in physical metals have been underwater recently are especially susceptible to the siren song sung by the world’s ruling elite. After all, it is their job to keep the masses heavily invested in their counterfeit, fiat paper currencies while they reap a fortune of trillions from sovereign debt based interest while converting it to physical assets.
With the euro currency in turmoil as a reaction to the European sovereign debt crisis and the attendant threat that it poses for European bank lenders and US investment bank credit default swap issuers who are on the hook to guarantee counter party risk, the US dollar has once again become the temporary life boat darling sent to rescue all the passengers jumping overboard on the euro currency Titanic.
But, how really safe is that US dollar lifeboat? After all, a national currency is only as valid and secure as are its nation’s finances, debt, and banking system. And folks, I’m here to tell you that all of these are in hideous condition here in the good old USA. The Obama Administration is preparing to ask Congress to raise the US borrowing limit by another $1.2 trillion. White House press secretary Jay Carney reported on Tuesday, “I’m confident it will be executed in a matter of days, not weeks.”
Congress will undoubtedly kowtow and comply. With that merciless genuflection, the US national debt will be instantaneously increased by nearly eight percent, from $15.2 to $16.4 trillion. However, it is highly unlikely that this will be enough to pay for the profligate spending of our fearless leaders for the remainder of fiscal 2012. Another trillion or so will undoubtedly be needed by summer (we’ll bet you a bottle of good champagne on this).
Of course, the total debt obligations of the United States, if we take into account the unfunded liability of Social Security, Medicaid, Medicare, and a litany of other government pensions and entitlements, is actually far in excess of $100 trillion, an amount that can NEVER be repaid. Add to this the terrifying reality that the major “too big to fail investment banks” are carrying derivatives trading risk in the hundreds of trillions of dollars that dwarf their capital reserves by many thousands of times. Bank stocks have felt this and are cratering accordingly. The world’s largest bank, Bank of America, has seen its stock plummet in the last five years from over $50 per share to its current price of $6.87.
Please also include a non-reported but raging inflation of commodities in the US. For example, US grocers have reported that the average cost of a Thanksgiving dinner in 2011 increased by over twenty-three percent from last year. Add this to a country that sees over fifty million people having to use food stamps to survive and you have a recipe for a financial Armageddon.
And you are still worried about the viability of gold and silver? You still think the US dollar junkies are going win this end game?
We at Kristos Trading love competition. So, we have decided to enter the gold/silver versus dollar contest. We are going to carry into this great battle just ONE weapon, what we lovingly call the “Ultimate Fear Chart.” Please take a moment to study this chart carefully.
This is the gold chart for the last fourteen years. It reflects the continued waning confidence in paper currencies, especially the US dollar, and the accumulative trust in precious metals as the ultimate safe haven of wealth. There is always a risk in any investment but does this fourteen year chart make you think that gold is going to fall off the graph against the dollar? We don’t think so either.
Life is always a gamble of some sort. Life always entails some risk. There is a war being fought right now between the Bernie Madoff/Jon Corzine type world criminal class against the common people – the wage earners, the small business owners, the savers, and the lovers of freedom and liberty. Recognize that this IS a war and if you are going to have a chance to win this war, you need to get tougher and stronger. Stop worrying and start fighting. In the gold war against the fiat currency Nazis, you have got to be a soldier. Republican candidate Ron Paul has fought this criminal crew for over thirty years and at last, his message is starting to gain traction. The voices for liberty and freedom, with which precious metals resonate so perfectly, are on the rise. The tide against evil and usurpation is beginning to turn.
The fundamentals for gold and silver have never been stronger. They are the only legitimate money recognized by the US Constitution. Now is NOT the time to fear your investments but, rather, it is the time to jump on board the gold and silver express freedom train. Let’s drive the bankster and paper currencies mercenaries out of our sovereign land. Let’s send the paper dollar bugs home in disgrace where they belong. This is not a time to sell your precious metals, it is the time to buy!
To learn more about the rewards of precious metals investing, including how to fund your existing retirement account with gold and silver, call Kristos Trading seven days a week at 888.385.1116. To learn about the very best referral program in the precious metals industry, please visit the Kristos Trading Referral Program.
We will take all the time that you need to go over the specifics with you.
Original article here