I have been saying for years that owning gold and silver is the way to go. Can anyone tell me that saving worthless fiat currency is the right thing for today's economy? Buy Gold before it hit $2k an ounce.

Hi Chuck, thank you for following me back. I am into the gold and silver thing. For some reason I have always favored silver over gold. I will be back to read your articles. I hope you are having a great weekend and I wish you much success, Doddee

Today is a great day. A day to remember my mother giving birth to me and my sister Kathleen. Kathleen has already returned to God who created her but I am still here to remember them both on this my Birthday.

Hi Chuck,

“Until you spread your wings, you’ll have no idea how far you can fly.”
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Hi Chuck..Thanks for the return follow! Rick

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thanks for following me, and keep an eye in my ANNO1777 updates, this will sooo skyrocket !

Thanks for the follow Chuck. Regards, Steph

Hi Chuck, Thanks for the connection...
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Why will gold keep rising?

All the conditions that led to its quadrupling so far in this decade are still in place. The U.S. and Europe are still borrowing far more than they can ever hope to pay off, and financing the resulting debt with newly-created paper currency. Oil and other commodities are still in short supply, as demand from China and India soars. And almost without exception, the world’s leaders seem unable to grasp the risks inherent in paper currency that can be created in infinite quantities by government.

Three more reasons:

* Gold’s fundamentals are very positive. The world’s mines produce about 2,500 tonnes of gold a year,
while demand for gold is currently running about 4,000 tonnes. And new demand from emerging countries like China and India is soaring.

* The Fear Index is flashing a “buy” signal. This index measures the financial markets’ anxiety about the dollar and the U.S. monetary and banking system, and in the twenty years since GoldMoney’s James Turk invented it, each of its “buy” signals has been followed by a marked, sometimes spectacular, increase in gold’s exchange rate. Chapter 11 of The Collapse of the Dollar… explains the
Fear Index in detail, but for now suffice it to say it continues to point to a rising gold price.

* Central bank manipulation is about to backfire. The world’s central banks, led by the U.S. Federal Reserve, have been making up the difference between mine production and gold demand by secretly dumping their gold on the market. They do this by lending their gold for a nominal interest rate to “bullion banks” like JP Morgan Chase and Citigroup, which then sell it and invest the proceeds at higher rates. Because the banks are obligated to return this gold to the central banks, they’re “short” the metal. At some point in the future they have to buy this gold back on the open market. If gold’s price is low, they make money, and if it’s high, they lose. Since it’s currently high and rising, these banks are looking at multi-billion dollar losses. And as these losses mount, the pressure grows to bite the bullet and close out their short positions by buying back their gold. When one bullion bank does this, the
others will be forced to follow,producing a classic “short squeeze,” in which all the major bullion banks try to buy at once, sending gold through the roof. Chapter 12 of “The Collapse of the Dollar…” offers an
overview of the central banks’ machinations. For a far more detailed treatment, see Sprott Asset Management’s 70-page report, “Not Free, Not Fair: The Long Term Manipulation of the Gold Price,” available at www.sprott.com.

Why will gold go up when the dollar goes down?

Until very recently, gold was humanity’s money of choice, for one very good reason: It exists in limited
supply, and governments can’t make more of it, so its value tends to be stable. As paper currencies collapse, the world will look for alternatives, one of which is sure to be gold. Massive amounts of global capital will start chasing a very limited supply of gold, sending its value through the roof.

Why will the dollar be the first of today’s fiat currencies to collapse?

For the past few decades, the U.S. has enjoyed an historically unique position. As the most powerful
nation in an increasingly globalized world, its currency, the dollar, is in demand as a store of value. That is, investors and central banks in other countries want to hold dollars as alternatives to their own,
presumably less stable currencies. This insatiable demand for dollars has handed U.S. consumers and
governments a virtually unlimited credit card. And we’ve spent the past two decades maxing it out.

The U.S. is now the world’s biggest debtor nation, and our current economic expansion is only possible because Japan, China, and Europe are willing to finance our trade deficit by, in effect, lending us $800
billion a year. They do this by taking the dollars we pay for their Toyotas, French wine and Chinese
electronics, and using them to buy U.S. bonds and other financial assets.

Add it all up, and U.S. debt now comes to about $60 trillion, or $800,000 per family of four, a clearly
unsustainable burden. When our trading partners figure out that we’re no longer solvent, they’ll stop lending us money (that is, they’ll use their dollars to buy euros or yen or gold rather than U.S. bonds), and the value of the dollar will plunge. The process has already begun, with decreasing demand for dollars sending the value of the dollar down by more than a third in this decade. But this is just the beginning.

Many things, most of them bad. When foreign investors and central banks stop demanding dollars, U.S. bond prices will fall, which is another way of saying that U.S. interest rates will rise. Mortgage and credit card rates will soar, sending the U.S. economy back into recession. The U.S. government will respond by opening the monetary floodgates, printing as many paper dollars as necessary to keep the economy from collapsing. This surge in supply will send the value of the dollar through the floor. Prices for most things will skyrocket, and people whose life savings are in cash, bank CDs, or dollar-denominated bonds will be wiped out. Many U.S. financial and manufacturing companies will be ruined, along with their stockholders.

THEN the Dollar Disease will go global. The only reason Japan or Europe have been able to generate their current meager rates of growth is the willingness of U.S consumers to buy their Hondas and BMWs. As the dollar plunges, Asian and European goods, priced in suddenly-appreciating currencies, will become prohibitively expensive for U.S. consumers, who will respond by buying U.S.-made alternatives or nothing at all. Correctly interpreting this change in buying patterns as a threat to their vital export sectors, European and Asian leaders will respond with the only weapon they have left: monetary inflation. They’ll cut interest rates and buy dollars with their currencies, flooding the world
with euros and yen the way the U.S. now floods the world with dollars. The result of these “competitive
devaluations” will be a death spiral for all major fiat currencies, in which European and Japanese bonds will, eventually, fare as badly as their U.S. cousins.
http://www.bz9.com/GoldSilver

Why do fiat currencies always fail?

Put simply, governments are fundamentally incapable of maintaining the value of their currencies.

Every leader, whether king, president or prime minister, serves at the pleasure of two powerful

constituencies: Taxpayers irate about what they currently pay and violently opposed to paying more,

and recipients of government help who demand vastly greater levels of spending on everything from

defense, to roads, to old age pensions. Alienate either group, and the result can be an abrupt career

change.

So our hypothetical leader finds himself with two choices, the most obvious of which is to level with his

constituents and explain that there’s no such thing as a free lunch. Taxes are the price of civilization,

but government largess can consume only so much of a healthy economy’s output, so no one person or

group can have all they want. This looks simple on paper, but in the real world it opens the door to

challenge from rivals who have no qualms about promising whatever is necessary to gain power.

Not liking this prospect at all, our leader then turns to his remaining option: Borrow to finance some

new spending without raising taxes. Then create enough new currency to cover the resulting deficit.

The anti-tax and pro-spending folks each get what they want, and no one notices, for a while at least,

the slight decline in the value of each individual piece of currency caused by the rising supply. Human

nature being what it is, every government eventually chooses this second course. And the result,

almost without exception, is a gradual loss of confidence in the value of each national currency, which

we now know as inflation.

But a little inflation, like a little heroin, is seldom the end of the story. Over time, the gap between tax

revenue and the demands placed on government tends to grow, and spending, borrowing and currency

creation begin to expand at increasing rates. Inflation accelerates, and the populace comes to see the

process of “debasement” for what it is: the destruction of their savings. They abandon the currency en

mass, spending it or converting it to more stable forms of money as fast as possible. The currency’s

value plunges (another way of saying prices soar), wiping out the accumulated savings of a whole

generation. Such is the eventual fate of every fiat currency. The Collapse of the Dollar… tells the stories

of five of the more spectacular currency crises, but like I said, they all go this way eventually.
Visit http://www.bz9.com/GoldSilver

What is a fiat currency?

A currency that’s created and controlled by a government. In other words, it exists by government

“fiat.” Using the dollar as an example, the U.S. Federal Reserve creates new dollars simply by printing

them or injecting electronic “reserves” into the banking system. The supply of dollars thus depends on

the decisions of our elected officials and their appointed administrators like the governors of the Fed.

An example of a non-fiat currency would be the gold and silver coins that used to circulate in much of

the world. There was only so much of each metal, and the supply only increased when some

enterprising miner discovered and dug up more. Governments were unable to create this kind of money

out of thin air.

Like the dollar, today’s euro, Japanese yen, and British pound are all fiat currencies. And—here’s the

crucial point—every single fiat currency that has existed prior to the current batch was eventually

destroyed by its government.
Visit http://www.bz9.com/GoldSilver

Hey Chuck! Thanks for following me! As I said before....great shout and love the pic....very creative! Love it!

Melissa

Great shout Chuck!!!!! People have the wrong idea about Christmas all the way around....Jesus definately did break the matrix..on many different planes...if our minds could only grasp it.

Melissa

Hi Chuck. Are we already friends on Bukisa? If not, add rowanman28 as a friend. I am trying to swap links and comments with people, swap tweets, and diggs etc. It boosts your Google rating.

Hello Chuck, thanks for the follow. I have followed you back. Looking forward to very fruitful networking with you in future. Have a very prosperous day. Fred

Hi,Chuck. Thanks for the follow! Very much appreciated.Have a great Day.

Hi Chuck,
Gold is a great commodity right now never seen it this high in my life time.I own a website where you might be able to email your program and get yourself some more gold.I will give you a Gold Membership
http://PIF43.com/link/rjdjdbp721
Look forward to being great friends

Hi Chuck, thanks for the follow. Have a great week ahead.
Faye/deltastarf

Hi Chuck. When I get a bit more money saved, I might decide to invest in gold or silver, but at the moment, I think I have found something better. I write articles on Bukisa, and I have about 400 referrals which I got from about $200 worth of pay per click advertising. By targeting all countries in the world, I was able to get clicks on Google Adwords for as little as three cents. As my referrals write articles, I make a 25% commission on their earnings, and then 5% of their referral's earnings, and 1% of theirs. I predict that I will make a return on my investment within a year, and then the residual income they build will continue rising in a curve. Bukisa is a free to join article writing site with a three level referral program. 25%, 5%, and 1% of your referral's article earnings. $3.22 US per thousand clicks.

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Thanks for following me Chuck. I followed back. I like your articles.

Thank you for the follow...M&A

Where did you find that that Jesus was born on Sept. 29

I would like to read that.

Hi Chuck,thanks for following.

Amen! Thanks for sharing the information about Jesus, we will not know for sure what day it was as it is not written in the Bible! Is just wonderful to know that Jesus died for our sins on the cross! and that HE IS! Have a blessed day! SHALOM!

Hi Chuck! Thanks for following! Have a great day :-)

Hello, Chuck: Thanks for the follow! Very much appreciated. Hey, come and check the newest posts in the “Favourite Motivational and Inspirational Quotes” group: http://tinyurl.com/quotes4imfp – Post your favourite quote of the day and join the Group! :-)

Chuck, I am now following you because I like your Jesus Shout and your views on precious metals! Have a Great Day!

Hello Chuck, welcome to face plate.
I do not talk religion but ... your shout out says it is
Jesus Christ's Birthday September 29th? I always heard it was in April due to the Calendar difference in the years.
Glad to meet you
Looking forward to reading more of your posts
Have a great day
Dee

Hello, Chuck: I am GT Bulmer, a home based freelance writer and enthusiastic Internet Marketer, just popping in to say "Hi! I am following you now!” If you are interested, here’s an IM faceplate article on Article Writing Tips For Internet Marketing http://t.co/eGLSGkA :-)

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i defintely believe that Christians should train up a child the way they want them to live their lives. This entails setting a good example, not merely telling them what to do. Christians should model it. This is the best teaching tool of all because talk is cheap when there is no action to back it up. On the issue of marriage, it was created by God as a sacred institution. Thus, the creator knows the rules and guidelines for entering into intimate relationships. Those who deviate from these regulatory guidelines are destined to encounter a myriad of problems. We live in a world where some teens think of such intimacy as a sport, pleasurable entertainment, or something to be taken lightly. For example, one young lady posted a picture of her and her boyfriend in bed after prom night right on the internet. Apparently, she had not learned to value such close intimacy in relationships as God does, nor take her actions seriously. What appeared to be a fun thing to do then will undoubtedly come back to haunt her in one way or the other. One can only wonder what type of upbringing she had at home. It all goes back to good moral training, or the lack of it.

hey Chuck !! Thanks for the follow... Have a good one :-)

Welcome
Hey,Chuck I am Looking to connect with like minded, business oriented people. Have just finished checking out your face. I will be following you on faceplate. Wishing you a Great Day!
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Hey chuck... how are you? Welcome to FacePlate!! look forward to getting to know you!! :-)