Thursday, August 23, 2012

Time to Buy Gold is Now before QE3

Real Investors will continue to value precious metals because it can't be printed by the counterfeiting gov. banks. It is divisible. It doesn't wear out. It is recognizable. It is portable.The need to have money has never and will never go away.Gold (like silver) is typically not an investment. It's a form of WEALTH PRESERVATION ie. SAVINGS. But, thankfully, the Fed has been orchestrating gold/silver manipulation through JP Morgan and HSBC for so long that it has actually transformed into an investment. Buying at a discount many multiples less than it should be thanks to the Government

Peter Schiff is a well-known commentator appearing regularly on CNBC, TechTicker and FoxNews. He is often referred to as "Doctor Doom" because of his bearish outlook on the economy and the U.S. Dollar in particular. Peter was one of the first from within the professional investment field to call the housing market a bubble. Peter has written a book called "Crash Proof" and a follow-on called "The Little Book of Bull Moves in Bear Markets". He is the President of EuroPacific Capital, which is a brokerage specializing in finding dividend-yielding, value-based foreign stocks.

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