http://www.bloomberg.com/news/2011-04...
l relaying an article I felt contained important information about the dollars declining value, big banks and big countries buying up gold and silver along with citizens. Please comment, rate and SUBSCRIBE. Thanks!! Fair use of article.
I ask you read it yourself but it states here in that "In 2010, central banks became net buyers for the first time in two decades, adding 87 metric tons in official-sector purchases by countries including Bolivia, Sri Lanka and Mauritius", according to World Gold Council data.
So basically this is a sign that even the big banks are scared of the dollars steady decline of around 11 percent. Which is why it is my own personal belief that every American should be investing and diversifying their wealth rather then just holding dollars. The central banks are hedging against the dollar so should 'WE THE PEOPLE". Insure your future and invest in gold and silver or other precious metals if you can. For example new 60 inch big screen or 40 oz.'s of silver, what sounds like a more sound investment to you, that will ultimately increase in value and make you more wealthy. The price of 1 oz. of silver is at this time right around 48 dollars per ounce, the average price of an oz. of high grade marijuana on the street is 400 bucks and people will buy it so it is just about making moral decisions and knowing how to be conscious of how you are spending your money. And I know a lot of people use marijuana as a medicine so by no means am I picking on marijuana smokers.
So anyways moving on the article states The U.S. Treasury Department projects
that the government could reach its debt ceiling of 14.3 trillion dollars in mid may which was previously extended in April. And run out of options to avoid default in early July. Default meaning failure to meet financial obligations or bankruptcy. This is very scary to me is America going to be forced to borrow a whole crab load of money in the very month that this same nation declared its independence and sovereignty July 4 1776 from the king of Britain. As stated in the article the dollar is down 11 percent against 6 other major currencies which is crazy I mean think of what happens if or when the dollar is no longer number 1. It will be globally disruptive but will completely devastate everyday normal American citizens like you and me.
Which brings me to my last topic of the war on gold!! The article herein states that "China, with more than $3 trillion in foreign-currency reserves, plans to set up new funds to invest in precious metals, Century Weekly reported this week. Russia purchased 8 tons of gold in the first quarter." and that's according to Bloomberg. Robert McEwen also talks about china and Russia planning to have more gold then America. And also about china proving their currency has more backing then the u.s. I mean think about how many wars have been started over money whether it was a conqueror acquiring wealth by conquering countries to the American revolution of war over tax burden. This country is getting weaker and weaker and it is a shame. What happens when there is no constitution on the hill shining out for all the world to see. Please go check the article out its not long read it for yourself this country is getting in worse and worse shape by the day and we all need to stop, think and start looking at the reality of things and what is really happening around us. Please leave your comments about the central banks buying gold, The steady decline of the dollar and the fight for gold with increasing demand for physical gold and other precious metals, rate the video and subscribe Thanks.
Banks Buying Bullion, Dollar Destruction and the Fight for Gold trading screen | |
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| News & Politics | Upload TimePublished on 1 May 2011 |
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