There are stocks that are going up in value besides a few tech stocks. Gold and Silver mining companies are gaining big time, and will continue to do so. Gold and especially silver have been making big gains also. Gold has gained nearly 2700% since its ownership was made legal in '73. Silver has in the last 8 months nearly doubled in value. the future prospects for Gold and Silver are looking very good, many experts agree that $3000/ounce gold and $100/ounce silver are very possible in the next few years. In silver alone that would be over 1,000% gain in a very short time period. IF we went to the standard silver/gold ratio then silver could very well go to the moon at $300/ounce. Not to mention that we have used more silver than we have been mining for almost 30 years now, the world has maybe 1 billion ounces of silver above ground in all forms ( Bullion, jewelry,fixtures,electrical etc) but has more than 5 times that amount in Gold, thats right, there is actually 5 TIMES MORE REFINED GOLD ON EARTH THAN SILVER!! Gold will protect your wealth, but silver could make you rich. Go to any coin shop and ask to buy bullion, if they have any.
The official US Dollar as defined by the US Coinage Act of 1792 is to be 371 (27g)grains of fine(.999) silver ( 480 grains is 1 troy ounce) and also the eagle was the gold coin worth 10 dollars and by law was to contain 247 grains or 17 grams of pure gold. Historically ( 140 years) gold by weight was worth about 15 times what silver was. Today silver is worth about 1/65th of gold by weight. On earth silver is found at about a 15:1 ratio to gold ( Those founding father types were pretty well informed) so it should return to that at some point in the future, just as soon as the inevitable crash in the dollar comes.
Did you know that when you buy gold and silver there is NO SALES TAX by law? Also there is no report to the government that you bought any. as long as the sale is below $10,000 there is no record of any kind kept. In instances where more than $10k was spent only the cash sale is reported, not what was purchased. If you go across the US Border you do not have to declare any of your gold or silver either, no matter how much you have. Go across the border with 10 million dollars and I guarantee you will have to report it, but go with a ton of gold and all is fine. These are laws enacted long ago by our founders to protect the citizens from our own gubbermint. Gold and silver cannot be controlled by the government, therefore the government cannot control you if you have some. Since gold cannot be inflated it always holds its value over time and is the bane of the central banker and Keynesian Inflationists. Get some at all costs if you want to survive the future.
As far as Fort Knox having gold, I seriously doubt there is ANY AT ALL. The last time they did an audit of the gold there Johnson was President. Since then we have loaned it all out or sold it all to keep the price of gold low. You see for the price of gold is the leading indicator of how much the US dollar is really worth. The more gold is worth is the exact same thing as the US dollar being worth less. ANd gold has gained in value ever since we were taken off the Gold Standard entirely by Nixon in '71. Since then the US dollar has been the world reserve currency and Oil was pegged to the dollar. So if you wanted to buy oil for your country you had to convert your foreign money to US dollars before you could buy oil. South korea once tried to buy oil with its own currency, so the US Navy all of a sudden was performing exercises off its coast overnight. The US navy only does exercises off other countries coasts to show that county what will happen if it does not comply with USA policies.
Right now in Zimbabwe they do not accept the money there, they only take gold and silver in payment. If you want to eat ( All the Farmers were kicked off the land by the State) then you have to pan or mine for gold and silver to get the 1 gram you need to buy the bread to live another day. Old people cannot mine, they are too weak and are dying of starvation, as are the children. They have 27,000 % annual inflation there due to printing massive amounts of money. Items change prices every day they are twice as much. No one accepts the money it is worthless, they only take the precious metals or barter.
Bartering has its place, but ultimately it breaks down as one man cannot by himself create a car and therefore must collaborate with others. Also, what happens when you want fish, and have bread , but the guy with the fish doesn't want your bread? Trade does not happen is what happens, now Gold comes into the picture, as it will hold its pure form indefinitely rain or shine and for eons of time it will still be gold, bury it for 10,000 years and it comes out just as good as it went in, that is why Gold is used as money and has been for over 5000 years. It is not some barbarous relic, but instead the ultimate protector of wealth. Gold is accepted as money EVERYWHERE in the world. Fighter Pilots are given a gold coin to use as money should they be shot down over enemy territory and need to bribe or purchase their freedom. They don't give them US Dollars for a reason, only gold is the MOST liquid asset there is, accepted everywhere. Why do you think they have sayings like " As Good as Gold" or "Gold, Jerry, pure Gold" if Gold was not the ultimate money? The american Public has been duped by the banksters into believing that a piece of paper had some REAL value, but only gold and silver have intrinsic value. Paper (Cotton) currency by fiat only has value in the fact that the government will by any force necessary make you to take it in payment. Like was said before those are legal tender laws, but they are unconstitutional because
The Congress shall have power to lay and collect taxes, duties, imposts and excises, to pay the debts and provide for the common defense and general welfare of the United States; but all duties, imposts and excises shall be uniform throughout the United States; To coin money, regulate the value thereof, and of foreign coin, and fix the standard of weights and measures;
Thats section 8 of article 1 of the US Constitution simply states that it is Congress who will regulate the value of money and that money will be coined not paper. Right now the Federal Reserve ( A Privately held company) issues our money.
Article I, Section 10, provides that "No State shall enter into any Treaty, Alliance, or Confederation; grant Letters of Marque and Reprisal; coin Money; emit Bills of Credit; make any Thing but GOLD AND SILVER Coin a Tender in Payment of Debts; pass any Bill of Attainder, ex post facto Law, or Law impairing the Obligation of Contracts, or grant any Title of Nobility.
Anyway, food for thought.
