G&G Associates Tax & Financial Consulting
Silver EXPLODES! Gold surging! The World is Pissed
About the Fed’s money printing
Alafia (Peace & Blessings) G&G Readers,
The precious metals markets are going this week even as I write these words.
This is precisely what I recommended investing in last week in which I received so many responses on how to take advantage of my last recommendations.
Yesterday on the spot markets …
• Silver exploded to $29.03 per ounce, up a full $1.60 — a massive rise of 5.8% just yesterday alone.
• Gold surged as high as $1,424 per ounce, its highest prices of all time.
• Platinum was as high as $1,805 per ounce, closing in on the $2,000 level for the first time in the history of any precious metal.
But now, it’s no longer just Bernanke’s $600-billion-money-printing scheme that’s spooking the markets. It’s also the …
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International Furor and Blind Rage He’s Triggering Around the World!
Germany’s Finance Minister Wolfgang Schäuble, says, “U.S. policy is clueless.”
China’s Finance Vice Minister Zhu Guangyao says that the U.S. is ignoring” … its responsibility to stabilize global markets and did not think about the impact of excessive liquidity on emerging markets.”
Russia has joined the assault with officials saying the U.S. Fed should ask permission from other G-20 members before cranking up the printing presses. “Russia’s president will insist,” says the statement, “that such actions are taken with preliminary consultations with other members of the global economy.”
Brazil’s Finance Minister Guido Mantega has warned of a global currency war and predicts the Fed’s move will be ineffective, saying, “Throwing money out of a helicopter doesn’t do any good.”
South Africa’s Finance Minister Pravin Gordhan, a prominent voice among finance officials from emerging economies, said the Fed’s move was “disappointing” and that it undermines the whole spirit of the G-20 meetings.
Dallas Fed President Richard Fisher, a frequent critic of Fed policy is warning that QE2 risks further declines in the dollar, more market speculation, higher commodity prices and a loss of credibility for the Fed.
Even the idiot Sarah Palin is publically demanding that Fed Chairman Ben Bernanke “cease and desist!”
Investors hate this controversy and turmoil. When they see it boiling up, they naturally rush to silver and gold.
Plus, in addition to the precious metals, this is generating enduring, long-term opportunities in emerging markets, currencies and more.
Make no mistake: This intentional gutting of the U.S. dollar’s value will be THE #1 factor in every investment decision you’ll make for the next two years and beyond.
The time to protect your wealth is now. The time to harness this trend to go for substantial profits is also now.
With the falling dollar and the explosion in gold, silver, oil and other natural resource prices, you need to stay on top of your game and manage your “OWN Finances.”
Become a GGIS subscriber now and you’ll be sure that we make sure you stay on top of your Tax and Financial Future to make sure your BUSINESS … AT HOME is protected. Remember…most people look after their bosses business, but fail to look after their own business at home.
Take advantage of our 2010 discount lifetime subscription offer if you are not yet a member of the GGIS paid newsletter service and you’ll be on your way to knowing how to protect your portfolio...at least what’s left of it. I’ll keep you informed on the “REAL DEAL” in our economy so you can protect your wealth. So....Sign up today!!!
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Until the next time,
Ankh Uja Snb (Life, Health, Strength),
Tax & Financial Consultant, RFC
866-361-3872 toll free fax
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P.S. If you're not a GGIS Paid Subscriber reader yet, it's not a bad way to start the year. The recent dollar rally has actually given everyone some new opportunities to invest on the cheap. And currently, our GGIS portfolio is packed with great plays to kick-start your "anti-dollar" portfolio for 2010.
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LEGAL NOTICE: This work is based on SEC filings, current events, interviews, corporate press releases and what I've learned as a financial consultant. Nothing herein should be considered personalized investment advice. It may contain errors and you shouldn't make any investment decision based solely on what you read here. It's your money and your responsibility.