Survival Joe | Economics • News |
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Celebrate Obama’s 50th Birthday with Gold!
Today, August 4, 2011, is U.S. President Barack Obama’s 50th “anniversary” of his life on earth.
To celebrate this momentous occasion, the DOW Jones Industrial Average plummeted 512.76 points, the single largest drop since October 22, 2008.
With every passing day, it appears as if we may repeat the economic tumble of 2008.
Except this time, it may be even worse.
You see, while Democrats want to raise the debt ceiling… and the Republicans want austerity measures… almost nobody understands the root issue.
The real problem is how our money is created in the first place. Every dollar in your pocket is a debt note that is owed to the Federal Reserve with interest.
Don’t believe me? Just pull out a dollar and read what it says at the top of the bill: “Federal Reserve Note”
A “note” is a short way of saying “debt note.” In other words, that dollar is not true money. It is a debt to the Federal Reserve.
Until the U.S. government takes back the right to create money from The Fed, we will continue to have major financial problems — regardless of “band aid” measures passed by Congress.
Which brings me back to Mr. Obama’s birthday…
When a couple have been married for 50 years, it is customary for the husband to give the wife gold.
Since today is Obama’s 50th birthday, I figure it’s only appropriate to celebrate by buying gold… and giving it to yourself!
After all, precious metals like gold and silver have historically provided people with a measure of financial security when economies collapse.
Gold recently broke through the $1600 threshold and appears to be headed higher. Gerald Celente, one of my favorite prognosticators, said this on his Twitter profile on July 27:
If there’s no major pullback from $1600 after DC debt debacle is TEMPORARILY “solved,” we forecast sharp up-spike.
This is exactly what gold has done. It has risen sharply to more than $1640 in just a few days.
I’m personally investing in precious metals as a hedge against economic collapse. You may want to do the same.
I’ve bought mine from Colorado Gold. I don’t get anything for recommending them. I like them and think they’re a good dealer.
And if you have other questions about investing in gold, I recommend you get a copy of The Gold Buyer’s Survival Manual — an in-depth guide that walks you through the various ways you can invest in gold, even if you don’t have a couple thousand dollars to invest right now.
Happy birthday, Obama!
-Survival Joe
P.S. If you buy a copy of The Gold Buyer’s Survival Manual through my link, I will earn a commission. This helps me pay for hosting and other costs associated with running my web site. Thank you for your support.
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