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As much as I need money, I think the answer is yes. Besides, the loss is insured. If I Pray to God that He might satisfy my need for money, and I'm walking down the road and find a pile of it, I would be inclined to think God had answered my Prayers.
Not to be overlooked in all this discussion is the fact each time "credit cards" are used, we end up with an addition to the overall money supply. If gold bullion were to be made plentiful as sand, it would be just as cheap. Likewise, when we allow additions to our "fiat currency", through use of credit cards.
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Let's see here---we have millions unemployed, millions kicked out of their homes, our labor force is "sold out" to communist countries, we have an invasion by a multitude of illegal immigrants, the national debt was increased by trillions, we have a trillion dollar deficit and no reasonable budget agreement, and fuel...more
Are the investors actually in possession of bullion, or claims to bullion?
If they are in actual possession, thinking of survival mode, they should be advised that in a worse case scenario, it could be very difficult to convince anyone concerning purity and quantity. Unless the bullion occurs in the form of official...more
Wasting energy, especially petroleum and electricity, can be very expensive these days.
Selecting the wrong cellular telephone plan can cause you to spend far more than necessary.
A backyard garden can save cash, along with cooking your own "snacks" instead of buying.
Reconditioning/renov ating an ...more
Your thought echoes the wisdom of a famous American named Roosevelt, who said "the only thing we have to fear is fear itself." But since our current government seems to forsake such proven truth, what we have to fear is continuous appeal to fear and weakness, instead of strength and courage.
We are all supposed to f...more
"Political correctness" stops the truth from being told by Bernanke.
We have fiscal policy of ever increasing federal budget, with deficit, and huge national debt, brought about by decisions of U.S. Government.---and this is exactly what Douglas MacArthur warned about in "Reminiscences", page 416.
We have f...more
Maybe folks should keep a close eye out for the many tons of gold, rumored to be up for grabs in Libya. Should a hundred tons of bullion suddenly enter the market, it could prove disastrous in the short run.
8/31/2011
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