While watching the only RELIABLE news source in the United States of Censorship – the Daily Show with Jon Stewart – I came across a story that DEFINES American stupidity – particularly from BILLIONAIRES who should know better. I’m willing to give Warren Buffett a pass because his JOB is to lie and cheat the American public – or Bill Gates for being unwittingly asked to speak of a topic he knows NOTHING about (gold). However, for the “average billionaire tycoon” NOT entrenched in the government machine, it is truly shocking to see such IDIOCY in action…
Democalypse 2012 – Cash of the Titans, Sheldon Adelson backs Romney
Sheldon Adelson, a casino mogul worth $25 billion, is CEO of Las Vegas Sands Hotel, which made a killing expanding into the Chinese market by opening casinos via his Sands Macao investment vehicle…
I understand the ultra-wealthy like to nurse “pet causes,” and certainly their financial interests via campaign contributions. But why a Jewish billionaire and major Israel supporter – owning its largest daily newspaper, no less – would contribute $21 billion to Newt Gingrich, who didn’t even have a CHANCE to win…
Jewish Democrats Malign Newt Gingrich
…and then $10 million to Mitt Romney, AFTER his Gingrich contributions funded vicious anti-Romney ads, is beyond me. I realize he wants to ensure the lowest possible taxes for his company and personal fortune, but is this a productive use of $31 million?
Gingrich Goes Negative in Anti-Romney Ad
Readers, this RANT has NOTHING to do with politics, as I am not endorsing Gingrich, Romney, Obama, or ANYONE outside Ron Paul. I HATE THEM ALL, and believe the nation would be better off with ZERO FEDERAL GOVERNMENT. And I truly mean – ZERO! Rather, my point is that rather than bribing corrupt politicians, why not protect vast wealth with the only substances PROVEN to do so throughout history – PHYSICAL gold and silver?
I am baffled how someone that’s earned $25 billion in the business world – much less, a 78-year old, Depression-Era Jew – does not realize that even “$25 billion dollars” will one day be worthless. Let alone, that trusting politicians to safeguard your interests – particularly two-faces like Gingrich and Romney (and to Republican readers, Obama) – is like paying the fox to guard the chicken coop.
I constantly receive emails asking what they should “invest” in besides PHYSICAL PMs, and my answer is always the same. Given how near the END GAME of the GLOBAL BANKING SYSTEM appears, it makes little sense to take untoward risks. I believe PHYSICAL gold and silver will appreciate more than 99% of ALL the world’s investments – while most are declining – so why take speculative risks in stocks, bonds, real estate, or “alternative investments?” Moreover, such risks are compounded if they are “PAPER investments,” as a collapsing currency will destroy nearly EVERYTHING but REAL ITEMS of INTRINSIC VALUE.
In Sheldon Adelson’s case, I understand his aim of “influencing” tax policy, but find campaign contributions and “lobbying” to be vile practices, if not directly violating the Constitution, certainly its spirit. I shouldn’t put much faith into someone that’s made his fortune STEALING from the public via the immoral, RIGGED casino business. However, in America – the “land of the free” – blackmail has been institutionalized, especially for the privileged uber-rich.
But the funniest – and saddest – aspect of this silliness is he could make himself FAR RICHER – with a FAR LOWER PROFILE – if he just bought several billion dollars of PHYSICAL gold and silver bullion, stored it offshore (such as with our International Precious Metal Storage Program), and SHUT HIS BIG TRAP!
As of 2011, there were 1,210 known billionaires – just one-third in the U.S. – ALL of which can PROTECTING their wealth discreetly with PHYSICAL gold and silver, and EACH of which can significantly damage – if not break – the gold Cartel if they decide to shift assets into the ONLY asset historically proven to PROTECT them…
List of countries by the number of US dollar billionaires
I’m guessing “SHELDON ADELSON” won’t do so, but who wants to bet AGAINST the combined brilliance and resources of 1,209 billionaires – including the 307 in China, Russia, and India?
PROTECT YOURSELF, and do it NOW!
Call Miles Franklin at 800-822-8080, and talk to one of our brokers. Through industry-leading customer service, and competitive pricing, we aim to EARN your business.
The silver market is far to small for even a few of these billionaires, at these prices that is… Andy how much silver should a young guy in hes mid 20’s be putting aside in physical silver? Obviously the answer is “as much as u can” but if u had to put a number of ounces to it, how much should a person put aside ? 1000 oz? 5000 oz? (silver ).Is there even a right number ?
Howie,
It’s not too small at all. I didn’t say the billionaires need to buy ALL the silver, just some significant positions. If 100 of the 1,200 billionaires by $10 million each, that’s $1 billion – for example.
As for how much to put aside, you are right, “as much as you can.” The only limit is how much you can store, and if you want to buy that much, Miles Franklin can help you store it in the U.S. – or, preferably – Canada!
Andy
Hey Andy,
I’ve been reading your rants for a while now and I just want to say thanks for all you do. I don’t have a whole lot of silver, unfortunately I HAD to sell of a lot of what I had saved for an emergency back in Dec of 2011. But I’m slowly building back up my physical silver stash each month. Typically I buy $1.00’s worth of pre-65 “junk silver” each pay check. I’m diversified in different denominations of pre-65’s, one oz bars, 1/10 oz coins and 1/20th oz coins.
I’ve been thinking about picking up some 1/10th oz gold coins, but I since silver tends to outperform gold in the long term, I’m not sure if I should stay focused on silver or diversify into a 80% silver/20 % gold. I’ve made so many financial mistakes in the past by not investing at all and not even building up a fiat savings, I’m making efforts to put something away each month to make up for it. I feel something is better than nothing, but I wish I had this knowledge many years ago so I could be so much better off now.
I do have about $6,000.00 stuck in an old 403b that I haven’t contributed to in over 12 years, but I can’t cash it out as long as I’m with my current employer (been with for over 18 years). I’ve thought about transfering it to a self-directed IRA and purchasing PM’s and storing offshore, but I’m concerned about goverment confiscation of 401 k’s, 403 b’s and IRA’s.
Thanks for all you do.
Danny
Danny,
Thanks for the kind words; it gratifies me to know I’m making a difference.
As for future purchases, I always recommend diversifying between gold and silver, although both will be big winners in the coming years.
I understand your dilemna with the 403B, but am not sure why you are more worried about an IRA holding PMs being confiscated than a 403b holding financial assets.
My view is that ALL retirement plan assets are being targeted, not specicially the tiny bit in PM assets. Plus, if you are allowed to transfer your 403b to an IRA, you should then be allowed to cash it out (whether you leave your employer or not).
Andy