Gold confiscation occurred 80 years ago to become a manipulative factor of controlling inflation by the U.S. President at the time Franklin Delano Roosevelt. What he did was forced owners to cash out at a pre-determined fixed rate. Could history repeat itself, not sure with all the uncertainty going on with the global economy, like rolling a dice and hoping for the best? Could "Government's" do this and force all owners of bullion to cash out at again a prevailing rate?
So gold dropped approximately another $15.00 bringing it to $1,559.00 an ounce, makes no logical financial sense when you review all the trends and what has happened with Cyprus and many other primary indicators that provide the investor with information to make an intelligent investment move hopefully, we do hate mistakes. The key factor is homework is a must, l mean the asset gold is the only benefit to a global financial recovery. Why do you think China has aggressively being buyers rather than sellers. Think about what this country is doing!
So how do you leverage this asset towards your financial benefits for retirement, educational funds for your grandkids, if that was part of your thinking! Education is a must when to understand world trends, can you afford to make yet another mistake. Only you can answer that! Times and the economy have drastically changed into a more complicated, unpredictable environment that we have created as humans. Stop blaming others for mistakes, the greed factor is like gold it has always been around, why it is a wise investment for that simple reason. It can control life's and, more importantly, a global world.
One of the wise's experts in this field that l believe in for all the right reason's I have studied his methods and his predictions over the last eight months or so. This man Nick Barisheff, President and CEO of Bullion Management Group Inc. has more knowledge and concrete facts that will make you realize what he is saying about the asset gold. Nick Barisheff, predicts this asset will have a value of $10,000.00 an ounce by the year 2017. Is he wrong? Too early to say, but his logic makes more sense as all the rules become more complicated in the economy. The actual benefit is that Governments will never be able to print gold and devalue it, as they are doing with the paper money. The only solution for Governments would be what Franklin Delano Roosevelt did! So the question is can it happen again?
All the Best,
Joseph F. Botelho One Gram at a Time
"Pay Yourself First Because the #Economy that Matters Most... is the One in Your Own #Home" https://t.co/wo7XWWjaFZ pic.twitter.com/VSVAtkJ6El— Joseph Botelho (@jfbmarketing) January 19, 2016