No, the biggest bank
bailout robbery in history won’t help us.
Gold is up $40 in early trading today (10/5).
Interesting point of view on where Gold and Silver are heading:
Argentum et aurum comparenda sunt — — Gold and silver must be bought.
Disclosure: I’m either in cash, the yellow metal or gold (NYSE:GLD) and I’m still buying gold on dips. Like my girlfriend says: “Gold is a Girls Best Friend.”
Today I bought 2 oz of gold and I feel much safer with gold in my pocket. It was a relief to get rid of the $1874 USD from my wallet and 4-1/2 oz eagles into my front pocket.
Somehow when carrying around that much cash, you get this strange feeling that someone is gonna conk you over the head and steal your money. But with the cash gone and gold in the front pocket, they take my empty wallet.
Holding gold in unsure times gives you some sense of safety. This is especially true when the government is about to steal $700 billion from the citizens to payoff the bad investments the rich made.
Shit, with all the losses I took from the market last week, it will take 50 years to write off my loss since they limit your loss to $3000 per year. Do you think I’ll get a break for all the bad investments that I’ve made. I’ll be dead and broke if that ever happens.
But the rich will make out like bandits and instead of cutting their right hand off for stealing, they’re going to cut our hand off leaving us to eat with the hand we wipe our butts with.
My only solace is that I’ve got some gold in my pocket, cause the US dollar is worthless.