In our last post, I started a series Gold, Gold And Aging Baby Boomers taken out of an article called ‘Gold, and How to Avoid the Scams in the Coin Industry’ By Kal Gronvall.
Baby boomers have been looking for investment opportunities in these hard economic times. Consequently, there are plenty of opportunistic people ready to take advantage of those who are simply looking to survive.
This post is relatively short but I promise there will be more next time.
Is Gold Manipulated?
Now that we have established that the powers-that-be have other motives towards us in regard to gold, let’s consider a few of their tactics to accomplish this objective. Is the price of gold actually manipulated or is it just another one of those unfounded conspiracy theories? I have read many different things about the price of gold being manipulated by the central bankers. One of the most direct quotes comes from that book on The Secrets of the Federal Reserve by Eustace Mullins. Also in Chapter 5, it says, (more…)
Recently I came across an article by Kal Gronvall concerning gold and gold scams. Almost anyone is at risk for scams surrounding the high price of gold these days. I would suspect that baby boomers looking for investments are particularly at risk. The following article will hopefully give baby boomers an edge on all the scams that comes with the high price of gold.
Gold, and How to Avoid the Scams in the Coin Industry
By Kal Gronvall
Introduction
One of the least understood concepts or commodities in our Western society is gold and precious metals. In almost every country in the world gold is revered, prized, and sought after. Throughout history, a king’s wealth was measured in the amount of gold in his storehouse or treasury. Look at the Asian countries, or India. A person’s wealth is measured in terms of how much gold he or she possesses. Central banks around the world hold tons of gold in their vaults as a backing for their paper currency. The Euro is currently backed by 15% in gold, and they are talking about possibly increasing it to 30%. The Federal Reserve has tons of gold in its vaults. But of course, that is not government gold, it is private gold. Gold has maintained its purchasing power throughout its 5,000-year track record, as the world’s only monetary metal. Gold is financial security. (more…)
