Venezuelan President Hugo Chavez recently ordered his government to repatriate $11 billion in gold held in banks abroad to safeguard the country from the economic crisis and said he’ll nationalize the local gold industry.
For the past two decades the Bank Of England had been leasing Gold it never had, more importantly Britain’s Ex Prime Minister Gordon Brown’s decision to sell of UK’S Gold reserves over 10 years ago has cost the public purse nearly £20 Billion.
Remember Gordon Brown’s famous line,”The cycle of boom and bust is over”! Hahahahahahahaha……….How wrong he was….Was he drunk? Deluded? Or even perhaps believed he was a prophet? Calling Gordon Brown stupid would be an insult to stupid people. If you still believe in holding your savings in FIAT worthless paper money, so be it!…You will pay the price of trusting your Government to preserve your wealth, with interest rates at an all time low and inflation at an all time high and the stock markets crashing around the world, the only way to protect you wealth is to buy physical precious metals, namely Gold and Silver. So my friends batten down the hatches for the perfect financial storm has only just begun.
By Marcus Brooks
Categories: News mix