Timely information on Gold, the Fed and the future of out dollar
Dear Gulch, this is timely information: could the fed have stopped their psychotropic prescription drugs and found their minds?
For the past several days, I've been telling you about a shocking, secret plan to establish a new American gold standard.
My source – basically one of the high priests of American finance – explained how the Fed would sell its bond holdings for gold… pegging the gold price somewhere near $10,000/oz.
Good news or bad news?
Well, that depends on your perspective… and what assets you own.
The fact is: The only reason the government would do this is to curtail a global run on the U.S. dollar.
I believe that such a run is inevitable.
The signs are everywhere…
When J.P. Morgan Chase recently tweaked its ATMs to dispense $100 bills in large quantities… customers began withdrawing tens of thousands of dollars at a time…
Meanwhile, America's richest and most powerful billionaires – like Ray Dalio, John Paulson, and Stanley Druckenmiller – have taken large positions in gold.
Since I broke this story last week, we've received a flood of emails from subscribers, who are understandably concerned about this… and who have a lot of questions about what to do now.
Questions like:
How do I know the government won't confiscate citizens' gold like it did in 1933?
How should I own gold? Where should I store it? Is it ok to own "paper" gold in the form of popular ETFs?
What should I do if I have a relatively small overall portfolio?
Should I own silver as another hedge against this dollar chaos? How high could it rise relative to gold?
As you may know – our editors (including myself) cannot give personalized investment advice.
But rest assured, I've been reading these emails… and I'll do my best to answer as many of these questions as I can during our Emergency Briefing tomorrow night.
As a reminder, the Emergency Briefing is taking place at 8 p.m. Eastern TOMORROW, Wednesday, April 6th.
It's free to attend. And if you still haven't reserved your spot, I highly recommend you do so now, before it's too late.
You can RSVP with one click right here. We'll add you to the attendees list and send you some valuable, free information to help you prepare.
In addition to laying out everything I learned about what I'm calling the "Metropolitan Plan"… we'll also be holding a LIVE Q&A session about gold… gold stocks… asset protection… you name it.
Again, we can't give you individual advice. But beyond that, there's no telling what will happen.
Don't wait to reserve your spot. Simply click here now to let us know you're coming.
Click here to reserve your spot.
I look forward to answering your questions – live – tomorrow night.
Regards,
Porter Stansberry
Founder & CEO, Stansberry Research
For the past several days, I've been telling you about a shocking, secret plan to establish a new American gold standard.
My source – basically one of the high priests of American finance – explained how the Fed would sell its bond holdings for gold… pegging the gold price somewhere near $10,000/oz.
Good news or bad news?
Well, that depends on your perspective… and what assets you own.
The fact is: The only reason the government would do this is to curtail a global run on the U.S. dollar.
I believe that such a run is inevitable.
The signs are everywhere…
When J.P. Morgan Chase recently tweaked its ATMs to dispense $100 bills in large quantities… customers began withdrawing tens of thousands of dollars at a time…
Meanwhile, America's richest and most powerful billionaires – like Ray Dalio, John Paulson, and Stanley Druckenmiller – have taken large positions in gold.
Since I broke this story last week, we've received a flood of emails from subscribers, who are understandably concerned about this… and who have a lot of questions about what to do now.
Questions like:
How do I know the government won't confiscate citizens' gold like it did in 1933?
How should I own gold? Where should I store it? Is it ok to own "paper" gold in the form of popular ETFs?
What should I do if I have a relatively small overall portfolio?
Should I own silver as another hedge against this dollar chaos? How high could it rise relative to gold?
As you may know – our editors (including myself) cannot give personalized investment advice.
But rest assured, I've been reading these emails… and I'll do my best to answer as many of these questions as I can during our Emergency Briefing tomorrow night.
As a reminder, the Emergency Briefing is taking place at 8 p.m. Eastern TOMORROW, Wednesday, April 6th.
It's free to attend. And if you still haven't reserved your spot, I highly recommend you do so now, before it's too late.
You can RSVP with one click right here. We'll add you to the attendees list and send you some valuable, free information to help you prepare.
In addition to laying out everything I learned about what I'm calling the "Metropolitan Plan"… we'll also be holding a LIVE Q&A session about gold… gold stocks… asset protection… you name it.
Again, we can't give you individual advice. But beyond that, there's no telling what will happen.
Don't wait to reserve your spot. Simply click here now to let us know you're coming.
Click here to reserve your spot.
I look forward to answering your questions – live – tomorrow night.
Regards,
Porter Stansberry
Founder & CEO, Stansberry Research
"Historically, about 10.48 ounces of silver have been mined for every ounce of gold. This backs the idea of a 15:1 silver/gold ratio. It could also be argued that since silver is also an industrial metal (I.E. a lot is consumed, never to be seen again), the silver ratio should be lower than the 10.48:1 mined ratio."
http://about.ag/debate.htm
With a current gold/silver ratio of about 1:81, excluding the remote probability of a "gold standard," I think silver is a better investment.
Notwithstanding the "silver price prognostications," https://www.youtube.com/watch?v=BxLH2...
the fundamentals are critical.
Virtually all the gold ever mined and refined in history is still extant ( block 66x66x66 feet). Silver is being used up and, the last I heard, yearly production equals, more or less, all the silver consumed.
The fed, in order to prevent a run on the dollar is to price bonds in Gold dollars.
The estimate to cover the debt, the liabilities, is for gold to be between 10K and 15K. They know that negative interest rates will collapse all economies.
But here's a thought...just think of how the kakistocracy will gain if gold goes up to 10K per ounce...never mind china, russia and India.