Buy Gold Now!!
Professor von Braun
The Rocket School of Economics
Well, how about that! What a bunch of you know what, (THE LEFTOVERS OF THE BULLS DINNER) now appears before our very eyes.
The US Government, via the White House, thinks and firmly believes that it can control the entire planet, certainly when it comes to such things as oil prices, gold prices, stock prices, budget surpluses, social security, 401 k plans, T- bills, interest rates, inflation, GDP, other currencies, the British government, the Euro, the ECB, the entire world economy, the planet Mars, the state of New York, Wen Ho Lee, Martin Armstrong, Larry King Live, CNN- the misery channel, the State of Texas, Hollywood, Cuba, the Justice Department, the universe, natural cycles, cigars, the Jews, the Arabs, Israel, water, salmon, the EPA, the environment, wild fires, more wild fires, the Federal Reserve, mutual funds (good luck on that one), the SEC, auditors, faulty tires, more faulty tires, heating oil, faulty genetic Taco shells, Drudge, smoking, gun control, loopy teenagers, more cigars, taxes, more taxes, foreign affairs, naughty dictators, air traffic control, Medicare, the weather, etc. The list could go on and on and on.
Well hang on a minute Slick. Do you really believe that you can free up part of the Strategic Oil Reserve (?), and then get it processed through refineries that are already running at 96% capacity? Well golly gosh, have you lost it entirely? Really! You should have talked to Robert Rubin first. He would have told you were firing blanks! Nothing but blanks! You fired blanks directly into that which the world economy is dependent upon the most, at a time when you should have joined Hillary in her campaign to keep you and your cigars firmly under her control and quite simply shut up.
Unbelievable! W.C. Fields where are you? Speak up! Louder! "Would you have bought this for a quarter?" Hell no!
Do you expect the world economy to buy your ridiculous statements? It's a no- brainer Prez, you can't release a "strategic" reserve if there is nowhere to "strategically" process it. And you firmly believe that OPEC is not aware of this? You releasing strategic reserves without strategically processing those reserves is what got you into trouble with Monica, you may recall.
The lies and market manipulations have worked since 1996 but they have annoyed a lot of foreign governments that have suffered as a result. Including the ones that own oil and suffered when oil was under $11 per barrel. Remember? And what about rising natural gas prices? Do you have a strategic plan for that as well? Eat more beans perhaps?
Well now its time for smart individual investors to seriously contemplate getting the hell out of any investments connected to the paper currencies and buy gold, real gold, the physical metal and take delivery, now.
Never mind stocks, bonds, currencies, paper assets, get hard assets, now!
Stop messing around with uncertainties and buy something that is real. HONEST MONEY. It has never been cheaper.
The complexities that have appeared in financial markets over the last several years cannot be unwound. They can only collapse, bringing about a much larger version of LTCM, the hedge fund that hiccupped in 1998. The only way to avoid that collapse is to get out of the game now, get on the sidelines and hold the Central Banks fallback position, which is gold.
A case could be made that most Central Banks have become hedge funds themselves. Certainly the floating exchange rates we now have, have created the possibility of influence, a temptation that is too great for most, Presidents and Prime Ministers and Treasury Secretaries included. And like most closet addictions, manipulation once started is difficult to stop.
As an individual investor, not one who receives their current economic reports from the snake oil salesmen and woman that appear on CNBC, one needs to be looking at ones portfolio very, very carefully. Financial survival will become a very tricky business, since the game you are playing is rigged and the rigging has to end.
The best way to protect against the coming turmoil is to own an asset that is not somebody's liability. Nor does it disappear overnight, or require a series of complex transactions to maintain its integrity. It is what it is.
The alternative, staying in stocks, or bonds is fraught with peril. Especially if your money is being managed by a mutual fund that is result oriented.
Gold is ending a 20-year bear market and the ending will be volatile. Prices will fluctuate but the opportunity for redeeming your casino chips now as opposed to later has never been better. At present the cashiers cage is wide open and doing business. Why wait for the crowds? An ounce in the hand may well be worth more than two in the Gore…whoops… I mean Bush.
Professor von Braun can be contacted via email at profvonb@aol.com
The Professors commentaries are sponsored by Aurumbank Inc.
September 28, 2000
gold-eagle.com |
