Why you need real money (Gold and Silver)

[GoldNugget]

E-Economic Newsletter by The Mogambo Guru (Richard Daughty)

http://safehaven.com/article-5185.htm

Some interesting quotes from his article above:

And if you want to see the advantage of gold in real-life action, then listen to this, from an essay written by Eric N. Young entitled "The Hyperinflation of Germany, July 1922-November 1923". He writes that in 1923, at roughly the height of the Weimar inflation and the end of Reichmark, "Although a loaf of bread cost $200 million marks in November 1923, it was possible to purchase an entire city block of prime commercial real estate in downtown Berlin for as little as $500 US dollars hard currency. The key was to have real money in the form of gold or silver, or currency backed by those metals."

The recent $22 plunge in gold and $2 plunge in silver is just the death throes of the scumbags who have engineered the huge short interest in metals futures, and are now being choked to death by it. Every dip like that is Lady Fate smiling on you, letting you buy gold and silver at a temporary bargain! Whee! Lucky you!

[delkulara]

I pause to gauge your reaction, which ranges between homicidal anger and paralyzing fear. Exactly so! Then I go on to say "But that same intuition tells me that you WOULD be happy, very happy, if I told you that I knew of a way to let you keep all your wealth, and you would not lose anything!" Ha! I can see by that smile on your face that I was right!

So how to achieve this miracle of wealth-preservation? All you have to do is sell all your dollars and dollar-denominated assets today, before the dollar is devalued further! Then you'd like to stick someone else with the whole loss!

miracle of wealth preservation?If everone did as he says the world would go back to the stone age and people would revert back to primal nature & the physicaly strong or armed individuals would run prey on those without.

One must ask oneself,why dose the world not bail out on the dollar?
because "it would cause most nations demise" and put a stagnation of progress of the worlds rural populations advancement forward into a less harsh daily life.

And if you want to see the advantage of gold in real-life action, then listen to this, from an essay written by Eric N. Young entitled "The Hyperinflation of Germany, July 1922-November 1923". He writes that in 1923, at roughly the height of the Weimar inflation and the end of Reichmark, "Although a loaf of bread cost $200 million marks in November 1923, it was possible to purchase an entire city block of prime commercial real estate in downtown Berlin for as little as $500 US dollars hard currency. The key was to have real money in the form of gold or silver, or currency backed by those metals."

I live in America and if I am frugal.I can find a loaf of bread for a dollar!
And just the other day,I could not convince a barber to barter a 12 dollar haircut for a 1.5 gram 18k scissor charm that has a gold value of 24.34 USD.
Deep in his mind the barber knows,he cannot prove the gold is legit(without an assay,too much counterfit stuff around,with laws not enforced) & he cannot buy bread to feed his family with it & further more in current markets gold value is less stable than the dollar.

At this stage of the cycle, the best advice to these people is liquidate every dollar-denominated asset they have (like cash, houses, stocks and bonds and everything in their retirement accounts), and use the money to buy silver and gold and commodities."

I guess this self proclaimed guru(a guru is indian not african BTW)
wants to go back to the days of hitler and wars?I DONT!
WTF is this guy on?if everyone did as he wishes,he better have a vault for his gold and an army to keep those who would TAKE IT FROM HIM BY FORCE!due to the collapse of world economies he wishes to incite for his own profit!

But I grow weary of standing on the roof, dressed in a darling ballerina tutu and firing an AK-47 assault rifle into the air to get people's attention

He grows weary[weary=tired]?He has been doing this?I do not listin to the ignorant that were taught not be so & failed to absorb knowledge & wisdom or those that use intimidation when they give advise.and this statement shows his violent nature at its core.

and how I hate them for their stupidity

I also avoid those who hate,and for him to hate the ignorant is to hate all underdeveloped peoples of the world who are ignorant to things me and you have been blessed to have in our lives like a first world education.When one can hate others for ignorance it is ALWAYS based in evilness.If they do not know any better why hate them!it sounds like he hates that they wont follow him like the guru he selfproclaims to be!

IMO:Hate is for ignorance itself only and not for those who posses ignorance.
As in I hate that people in africa do not have an advanced education & not to be ignorant oneself by hating the people themselves for lack of.

-- The famous letter that Iran sent Bush has been completely dismissed by the White House and by the American press, but not here at the Mogambo Bunker. And the reason is that it said that democracy has failed, and boy, oh boy, are the Iranians ever right about that!

Does this guy realize they are currently enriching uranium?And that by today they could have suitcase size abomb!I do not support bush in many things but any idiot can see that the pres of iran is a hosage taker as a youth and a world bully in his adulthood,any wise man would not have a discussion with leaders that promise the wiping of there neighbors from the face of the earth.
If I spoke like that about his family would he talk with me or use his AK47 if I aproached him again without making a serious turnabout on spoken wishes to kill his family?

Democracy has failed the iranian people.not America
democracy =the political orientation of those who favor government by the people or by their elected representatives.
Has mogambu seen the hungry people in Iran and the unemployment rates there?The Iranian people would love to remove him.


I would love to see the world currencies return(slowly and peacfuly) to a more stable backing than what we have today,but advise to totaly bail out of the dollar is TOTAL bull!And is tool used for personal agendas & not for fellow mans benifit.A tactic done by holders of vast amounts of usualy "paper gold/stock"to incite market changes in there favor by causing fear and paranoia aka the same tactics the germans used,history shows propagana = 'pro pagan ana'rchy agendas that are not in line with GODLY advancement of human kind AWAY FROM SUFFERING!Sadly some for there own personal benifit throw such ideas to the curb,for profit.

I tell you now there is a difference between
a guru peacemaker & a zulu warrior.
& a difference between
a prophet & a profit.
I see mogambu as the latter and any wise person can cut thru the babel and live as all bibles & teachings given to mankind instruct us to act,and not be suckered into a vampires lair,to be bled dry,so that the vampire can live forever.I use my NOBLE gold and silver wisdom to kill such vampires!

Peace and Aloha and P.S. I meant no offence to zulu people in my statement.
Zulu means people of heaven and I know them personaly as such,they are not warrior people by nature unless there mouth pieces use them as such or in other ways provoked.

[delkulara]

Sowing hate and anger in the diguse of profit,is called pilfering and only leads to suffering for all if the poisonous seed is allowed to spew forth in the field without a wise farmer stepping on it in its tracks before it spoils the crop!

Gold is a noble substance YET people like mogombu only see profit & greed as they look at the seed called gold that was planted into mankind
by "god/allah/the spirit that moves within all things/elohim" for reasons to save our planet in the future and advance us forward.
[clue = no computer chip!without it]

Hold and gold rhyme for a reason,sadly this knowledge is beyond the intelligence of mogombu the hater & the likes.

[GoldNugget]

Delkulara do you think the US dollar is not going to collapse? I mean lose at least third to half its value ?

Do you think the US Dollar will decline slowly and gently over time?

Check out http://dollarcollapse.com This is an excellent book which explains the history of money and the history of collapses of fiat currencies.

[delkulara]

Aloha GoldNugget

Delkulara do you think the US dollar is not going to collapse? I mean lose at least third to half its value.Do you think the US Dollar will decline slowly and gently over time?

IMO
I do not see such a notion to be possible,without a collapse of the earth as we know it,and I certainly do not subscribe to any doomsday thinkers ink & apocalypse scenarios[which are metaphorical] signal a return of the creator aka higher level of thinking to dawn on mankind as we adopt the minds abilities to be able to act as the godlike individuals that BTW we have been instructed to be since the dawn of the written word.

If the dollar were to lose 1/3 value over a long period of time ,we would have adjusting pay increases for the work we do.
Take japan for example their yen after ww2 was devalued dramaticaly,yet they are a prosperous people with great intelligence & the world did not abandon them.there people were not "starving in the streets" after ww2 & in the late 70s started the micro revolution with the tiny transitor WALKMAN unit.
what I am trying to show is that mankind adjusts accordingly to changes this is shown in the fact that we have been stuarts of the earth for millenia & I do not see apes or cockroaches ever being able to do the job.

When the earths currencies were completely backed by gold and silver & gems it was the age of rulers & kings many were unkind and the people were not truely free or able to innovate new ideas into action the way we do today.

When I look at nations today that have its bulk of assets in gold silver and jems [& oil]today,I see places like Iran for ex., dictatorships in africa & leftover kingships that still keep there people from freedom of innovation,after all why create something that your leader can simply take it from you if they wish & not let the individual reap what they sow.this mentality keeps peoples in the stone age.Africa is a wealth of energy in the form of people & resources that cannot be tapped due to its leaders pilfering everything & And if one looks at the middle east one sees class systems that have slavery openly & hidden to this day & underclassed peoples that do all of the work and cannot even get citizenship.A person is either a sheiks line or shreek in fear line there.
[cutting hands off for ex. is not done to the royals there that are bleeding there people dry with theft]

I now wish to show something VERY KEY that is little talked about.
if one looks deeper than when the fed abondoned gold and silver only to back the dollar a person sees things they should be aware of.
LETS LOOK:
2000 $272 price of gold in 2000
1995 $386 price of gold in 1995
1990 $424 price of gold in 1990
1985 $354 price of gold in 1985
1980 $641 price of gold in 1980
1975 $151 price of gold in 1975
1970 $38 price of gold in 1970
1965 $36 price of gold in 1965
1960 $37 price of gold in 1960
1955 $35 price of gold in 1955
1950 $40 price of gold in 1950
1945 $37 price of gold in 1945
1940 $35 price of gold in 1940
1935 $35 price of gold in 1935
1930 $21 price of gold in 1930
1925 $21 price of gold in 1925
1920 $21 price of gold in 1920
1915 $21 price of gold in 1915
1910 $21 price of gold in 1910
1905 $21 price of gold in 1905
1900 $21 price of gold in 1900
1895 $21 price of gold in 1895
1890 $21 price of gold in 1890
1885 $21 price of gold in 1885
1880 $21 price of gold in 1880
1875 $23 price of gold in 1875
1870 $23 price of gold in 1870
1865 $30 price of gold in 1865
1860 $21 price of gold in 1860
1855 $21 price of gold in 1855
1850 $21 price of gold in 1850
1845 $21 price of gold in 1845
1840 $21 price of gold in 1840
1835 $19 price of gold in 1835
1830 $19 price of gold in 1830
1825 $19 price of gold in 1825
1820 $22 price of gold in 1820
1815 $22 price of gold in 1815
1810 $19 price of gold in 1810
1805 $19 price of gold in 1805
1800 $19 price of gold in 1800

The key point is that before they changed it over to a FREE MARKET system gold was dirt cheap,for ages it sat still stagnate at 40 an ounce or less.
Many sat in steams panning there lives away with a false sense of riches while in reality only the very innovative cashed in on large scale production efforts.
**if today a new gold strike was found the masses would not be so stupid!**

If we returned to such a way progress toward enlightenment of the masses would stagnate as well, unless we were the largest holder in hand and in the ground.I do not wish for the world to be dictated to by who has the most gold reserves,which was the old system of concur and pillage,that slowly & safely was being aboandoned after the ww1, unfortunatly it took another ww and a great depressions lessons that we have learned from & have safegaurds built in to the deck to not let happen again.What are these safe gaurds?They are our nations 8 trillion in debt that if others bail on ,shall go down with the ship as well and those that have invested in us only advance as we repay our loans and invest in there development,look at india and china today and one can easily see that there peoples like modern housing & cities ,good jobs ,educations,& better standards of living that sit at there doorsteps and they like this stuff more than us because it happens overnight for them and for us it took a long time to develop and reach, thus we tend to be less appreciative.

America is not perfect & much corruption needs to be addresed and stopped,but the truth is that we are the only ones that care on such a large scale for our neighbors advacement,it makes my heart weep that old George cut down the cherry tree known as the native american nations,but I know it was done for a reason,to advance beyond the bow and away from a harsh existance for the world at large.We left europe to set up the house of freedom
so that we could one day help our families in the old countries and the rest of creation in time.
*** the native American genepool was not extermiated & we are gifted with their suviviors melting in to us all,for they were the only stuarts in FULLY intouch with "the spirit that moves within all things" before we met them AGAIN after 10,000 years without their knowledge***George learned from them & deleloped our democracy from their wisdom we have all we know today.They inspired our American revolultion.& evolvement***

I thank you for asking my opinion GoldNugget for IMO the greatest gift one can give is insight into any ignorance that abounds around & blinds us all from our creators "lost at times" essence.

P.S.
I buy gold because it is noble to touch in hand and gives me insight into the future uses of it that shall save the earth in the future,
it is also a good nest egg for long term savings IMO.

Peace & Aloha