Why Buy Gold?
So your starting to really rock it out in your business and the cash is flowing and your profits are growing…. so now what?
Maybe you should buy Gold, but first lets check your financial literacy.
So, where would you rate your financial literacy on a scale of 1-10. Well if your like most people who got there financial education from their parents or worse taking advice from a well meaning friend, your probably sitting around a " 2 to 3 ", which means your on track to become financially destitute in retirement.
Let me explain why…
This is fact, not fiction… in Australia (much like everywhere else in the developed world) 97% of the population retire on an income of less than $40,000 and of that statistic 68% are reliant on the government pension which pays a mere $13,000 per year. Not a good situation to be in after giving 40 years of service to your jobs / careers.
Robert Kiyosaki (of 'Rich Dad Poor Dad' fame and the 'Cashflow Quandrant') states that;
"Your greatest wealth creation asset is your Financial Education"
So, why buy Gold and why today?
- Gold is the only money that has never failed in the 5,000 year history of its use by humans.
- Currently, there is only enough investment-grade gold available on Earth for every living person to have 1/3rd of an ounce.
- Time and again throughout human history, gold has been revalued to account for all excess currency in circulation. Today, to account for all the U.S. dollars printed by the Federal Reserve, gold would have to be revalued at $15,000 per ounce.
- In times of crisis, gold is the safest investment that also has the greatest potential to increase your wealth.
- Gold is a completely private and anonymous investment that is also extremely portable.
The Biggest Development in Gold and Silver in Our Lifetime
About a year ago Kip Herriage began writing about the rumors of an Asian exchange for gold and silver… one based in physical gold/silver rather than paper/derivative gold/silver. As you will read below, the launch of this exchange is now reality with an opening scheduled for the 4th quarter of this year.
Make no mistake about it, this news is quite possibly the most significant development in gold and silver of our lifetimes. Please take a few minutes to read the article. In fact, print it off and post it on your bulletin board.
Buy Gold, but be careful where you get it.
Kip believe's that when this exchange opens, gold and silver will already be 25% higher than they are today, simply in anticipation of the significance of a true precious metals exchange. Now, when large institutions, such as mutual funds, hedge funds, banks, etc., wish to buy gold/silver in quantity, they will be able to do so knowing that they are in fact buying PHYSICAL bullion! This option has never existed before now and almost overnight will become the ONLY method used to buy precious metals. These purchases will be REAL purchases, rather than a computer entry along with a paper contract. Are you getting the point of exactly how huge this news is?
Kip has one concern about this news, and call him a conspiracy theorist, but it's a major concern. This kind of development is a game changer…. in fact it's a balance of power changer… meaning that it will suck massive amounts of capital away from the US dollar and into precious metals instead. In the past, the shadowy powers-that-be have not taken kindly to these kinds of dollar destroying events, and in fact, have actively worked to destroy them…. including military action and threats of same.
And, because this exchange is of Chinese backing, we should keep a very close eye on the developments out of Pakistan, Iran, N. Korea, Venezuela, Syria and yes… Libya. Just yesterday the mainstream media cartel carried a story about Libya (the Gadaffi side) receiving military support from… you guessed it… China.
There is NO way that the major fiat currency based governments want this exchange to go live. Kip's investing on the belief that it WILL, and the resulting move in gold and silver will be breathtaking.
Note: Kip Herriage is the CEO and Co-Founder of Wealth Masters International (WMI is a financial education company dedicated to changing the lives of people globally by making financial literacy available to everyone).
Parts of the above content is an extract from the Vertical Research Advisory newsletter dated 7th September 2011 written by Kip Herriage.
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