Posts Tagged ‘fiat’
Jim Rogers: Audit the Fed, Then Abolish It
Yahoo Finance Tech Ticker – December 10th, 2009 Count famed investor Jim Rogers as an ardent support of Congressman Ron Paul’s effort to audit the Fed. The Fed is “the only institution in the world I know of that doesn’t expect to be audited,” Rogers says in the accompanying video. “It’s incomprehensible to me these people are saying they have no reason to be audited — they must have done something wrong, must have something to hide.” A longtime critic of Ben Bernanke and his predecessor, Rogers goes a (big) step further than merely auditing the Fed, suggesting we get rid of the central bank altogether. “We don’t need the Fed. The Fed is making our lives miserable,” the famed financier says. “The Fed is printing huge amounts of money, which we’ll have to pay for sometime. The Fed is borrowing gigantic amounts of money on their balance sheet…the numbers are so staggering that this is going to have ramifications before too much longer.” With an eye on history, Rogers notes the current Fed is America’s third central bank: the First Bank of the US was created in 1791 with a 20-year charter. The Second Bank was created in 1816 with the same term. The current Fed was chartered in 1913. Arguably, the current Fed is the nation’s fourth central bank if you count the National Banking Act of 1863-64, but Rogers’ point remains the same: America survived and prospered without a central bank for long periods and can do so again. If Rogers is right, this won’t be an academic …
Bullion & Coin Blogs
WHY GOLD BUYERS MELT GOLD COINS SOMETIMES – CASH FLOW!
Sometimes gold dealers will melt the more obscure coin coins. Why? Two reasons. Cash flow and safety. Gold dealers tie up plenty of cash just with the mandatory holding periods for their area. Holding on to gold coins too long can tie up way too much cash flow, and expose a dealer to excess risk.
Bullion & Coin Blogs
500 DOLLAR SILVER – SO WHAT?!?!
Just a quick video explaining my position on Silver value and Dollar Debasement.Please Note: I am Not an Investment advisor, please do your own Due Diligence when making investment decisions, the examples im posting are my own personal Investment choices and are by no means an endorsement or reccomendation to do the same.
Bullion & Coin Blogs
Silver Bullion
Here are some ways to invest in physical silver for those who are interested in precious metals. Feel free to comment or message me with any questions or suggestions. All feedback is welcome! Thankyou for watching! -FreedomAct10
Bullion & Coin Blogs
Currency consolidation, gold stocks, American Jobs Act
Here is a bunch of headline topic over the past several days I wanted to address and give my take on them.
Bullion & Coin Blogs
Five Stages in Investing
OF NOTE NOT MENTIONED: As far as getting in as it is coming of its low. Considering silver is below its 1980 level it has a ways to go for this not to be the case. When in mode of “accumulation” and if you engage in a sale where resistance is not found then you obviously sold a very small amount and you plan on rebuying back at higher prices and don’t let the fact you made a bad trade bother you because you know the end game. There is a big mistake in trying to get a cheaper price and never get back in. If you sell at on the way up and it never goes below it again then one may never buy again because they lost their last trade. Don’t make this mistake and remember the reason you only sell small amount in those situations is because you don’t want to take risks that could be deadly. Best advice is to do your own research and make everyone’s ideas your own. thesilverlog.blogspot.com