The price of gold forged a record high close to 1,064 dollars an ounce here on Tuesday as the dollar sank against the euro.
In morning trade on the London Bullion Market, gold struck 1,063.95 dollars an ounce, the highest level ever recorded.
Gold’s latest pinnacle was recorded as the European single currency climbed above 1.48 dollars in foreign exchange trade on Tuesday morning.
A struggling greenback makes the precious metal cheaper for investors holding other currencies, thereby boosting demand, analysts said.
Gold, used in jewellery, dentistry and electronics, has struck a series of all-time highs in recent weeks owing to the weak dollar.
If everyday folks can’t afford gold. Please try to buy at least $1000 of silver bullion/coin. The gold may reach $2000 within the next year or so. Silver may see $50. Right now. You can purchase silver bullion at around $20 per oz. Most brokers will buy back your MONEY at spot prices. http://www.kitco.com is a stand up company. Tea Party silver out of Montana are good folks too. Just be careful with the shipping cost. Some brokers operate on the shady side. So buyer beware. The Republic Trading Group has some silver rounds I’m saving to buy in the next week or so.
Seriously. Precious metals are good for future investment stability. I would advise that first you should invest in food, arms and ammo. Gold and silver does not make a belly full nor does it keep you warm and dry. So use your best judgement when considering your future stability. Secede Now!
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By the way silver and gold coins are the only REAL money. They will always have value no matter how much our dollars are devalued. When the Federal Reserve took over in 1913 a nickle would buy what a dollar buys now. Our dollar has be devalued by 95%. If the Fed does not stop creating dollars with no backing. We could get hyper-inflation like 1920’s Germany.
Ron
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Even in 1923 Germany when 1 loaf bread cost 80 billion marks paper money. A German could buy a loaf of bread with a I/2 silver mark coin. The 1/2 silver mark coin was only about 2.5 grams of pure silver, our pre 1964 silver dimes contain about 2.25 grams of pure silver. They also had 1, 2, and 5 mark silver coins. These were = to our pre 1964 quarter, half and 1 dollar silver coins. They had the 10 and 20 mark gold coins. That was = to our $2.50 and $5.00 gold coin in size and weight. The bottom line is—- NO matter how low the paper dollar goes down.
Even if it takes 1 billion dollars to buy a loaf of bread with Federal Reserve Notes or the Amero. We will still be able to buy a loaf of bread with a pre 1964 U.S silver dime. Try to get your hands on all the silver and gold coins you can afford. Prepare for the dollar crash.
Ron
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WE have sold or they have sold this country we uset make things in this country now all we do is swap money ,and now that game is about to blow up in there faces !!!
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