Lines Around The Block To Buy Gold In London; Banks Placing “Unusually Large Orders For Physical.” Time to stock up on gold, silver, guns and ammunition.
Tag: gold
A Disturbing Warning From UBS: “Buy Gold” Because A 30% Bear Market Is Coming
A Disturbing Warning From UBS: “Buy Gold” Because A 30% Bear Market Is Coming. Interesting, if you have investments you may want to dig into this further.
Legendary ad man sells everything, buys gold, says, “I’m just not ready to have my wealth redistributed”
Legendary ad man Jerry Della Femina blames President Obama for having to sell his Hamptons restaurant, and is buying gold.
Jerry Della Femina is a legend in the advertising business. He created some of the nation’s most famous campaigns back in the 60s and 70s. He was the inspiration for the TV series “Mad Men.” And now he’s had it up to here with President Obama.
The New York Post explains Della Femina’s epiphany:
Legendary ad man Jerry Della Femina blames President Obama for having to sell his Hamptons restaurant. In a column for the East Hampton Independent, the inspiration behind the “Mad Men” series says that in 2008, he “decided that this country was falling in love with an attractive, great-speechmaking hustler/socialist” and that he was “dropping out” and would sell off “my houses, my advertising business, my newspaper and my restaurant.” Della Femina sealed a deal this week to sell his Hamptons eatery to the owners of the Houston’s chain.
He writes, “I’m just not ready to have my wealth redistributed. I’m not ready to pay more tax money than the next guy because I provide jobs and because I work a 60-hour week and I earn more than $250,000 a year.” He also told The Post’s Selim Algar, “I truly believe we are headed for disaster. I’m going into gold and silver.”
If you’ve never read Della Femina’s book, “From Those Wonderful Folks Who Gave You Pearl Harbor,” find an old copy on Amazon.com and buy it.
His exploits in the ad business are guaranteed to make you laugh out loud.
Source: New York Post
Bond guru says Fed actions will cause the dollar to drop 20%. Is it time to buy gold?
Bill Gross, the brains behind the incredible growth of Pimco and manager of the world’s largest mutual fund, and he thinks the Fed is going to cause the dollar to collapse by another 20%.
You’ve probably seen financial guru Bill Gross on CNBC. He’s been called the Warren Buffett of bonds, he’s the brains behind the incredible growth of Pimco and manager of the world’s largest mutual fund, and he thinks the Federal Reserve’s quantitative easing is going to cause the dollar to collapse by another 20%.
The dollar is in danger of losing 20 percent of its value over the next few years if the Federal Reserve continues unconventional monetary easing, Bill Gross, the manager of the world’s largest mutual fund, said on Monday.
“I think a 20 percent decline in the dollar is possible,” Gross said, adding the pace of the currency’s decline was also an important consideration for investors.
“When a central bank prints trillions of dollars of checks, which is not necessarily what (a second round of quantitative easing) will do in terms of the amount, but if it gets into that territory—that is a debasement of the dollar in terms of the supply of dollars on a global basis,” Gross told Reuters in an interview at his PIMCO headquarters.
So how do you take Gross’ theory and make money from it? Is it time to buy gold? Is it time to move your money to a country with a commodities-based economy? Or is it time to mortgage the house and let Gross manage your money?
These are questions, not recommendations. What are you doing to protect your financial future? Let’s get a little discussion going here.
Disclosure: Mrs. Editor is a former employee of Pimco. Had she stayed with the company we would now be gazillionaires. Instead, she decided to teach autistic children and make minimum wage.
Damn her and her big heart. Damn her to hell.
Source: CNBC
