Can The Fed's Lifeboat Hold The Dollar and You
Tuesday, June 19, 2007 - FreeMarketNews.com
Doug Casey, The International Speculator/The Casey Gold Stock Companion writes: "There's room in the Fed's lifeboat for the dollar, and there's room for the economy, but there isn't room for both. Bernanke has already all but announced that it will be the dollar that gets thrown overboard."While no one can say how long it will take for a monetary crisis to emerge or what will ultimately trigger it, now is the time to acknowledge the risk - and in fact the likelihood - that it will occur in the next few years. That potential is confirmed with each newsflash telling us that the housing slump is accelerating and that signs of recession are appearing. Those are code words for the Fed to begin pumping more paper money into the system."Don't put off preparing for what's coming. Start by salting away some physical gold and silver for wealth preservation - precious metals being the only real form of money worth considering today. Then, for sheer profit potential, assemble a diversified collection of high-quality gold mining stocks..." And remember, the time to rig for stormy weather is before the tempest hits, not in the middle of it. Buy your rigging now while it's still cheap."Jason Hommel writes:"Have confidence! Have faith! Be encouraged! When you buy a real ounce of gold or silver, and are willing to hold for the long term, then no matter what else the world does, no matter what the dollar gold price does in the meantime, you have not lost a thing. You will still have a full ounce of whatever you bought, and its value will grow more widely recognized as time goes on. "When you make decisions based on fundamental truths, it's like you are building your house on the rock. And when the wind and waves and storms come, your house will be stable in a world of uncertainty." Staff Reports - Free-Market News Network
Doug Casey, The International Speculator/The Casey Gold Stock Companion writes: "There's room in the Fed's lifeboat for the dollar, and there's room for the economy, but there isn't room for both. Bernanke has already all but announced that it will be the dollar that gets thrown overboard."While no one can say how long it will take for a monetary crisis to emerge or what will ultimately trigger it, now is the time to acknowledge the risk - and in fact the likelihood - that it will occur in the next few years. That potential is confirmed with each newsflash telling us that the housing slump is accelerating and that signs of recession are appearing. Those are code words for the Fed to begin pumping more paper money into the system."Don't put off preparing for what's coming. Start by salting away some physical gold and silver for wealth preservation - precious metals being the only real form of money worth considering today. Then, for sheer profit potential, assemble a diversified collection of high-quality gold mining stocks..." And remember, the time to rig for stormy weather is before the tempest hits, not in the middle of it. Buy your rigging now while it's still cheap."Jason Hommel writes:"Have confidence! Have faith! Be encouraged! When you buy a real ounce of gold or silver, and are willing to hold for the long term, then no matter what else the world does, no matter what the dollar gold price does in the meantime, you have not lost a thing. You will still have a full ounce of whatever you bought, and its value will grow more widely recognized as time goes on. "When you make decisions based on fundamental truths, it's like you are building your house on the rock. And when the wind and waves and storms come, your house will be stable in a world of uncertainty." Staff Reports - Free-Market News Network
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