DR STEVE SJUGGERUD…
26 december, 2009 | door MHAAGEN |…is een alom bekend en succesvol financieel adviseur. Vandaag geeft hij ons 5 redenen om belegd te zijn in goud. Ja, het zou zelfs in deflatoire perioden goed zijn ! Mee eens of oneens, met zijn redenen ? Wij vernemen het graag !
5 Reasons to Own Gold & Precious Metals Now
1. Gold is still cheap, while stocks are expensive. In January of 1980, both the Dow Industrials and the price of gold were at the same level: 800. Now, nearly 30 years later, the Dow is above 8,000, and gold is under $1,000.
2. Governments can print money to pay for bailouts and new spending programs… but they can’t create gold. For example, the U.S. government is printing tons of new money right now to get the banks to lend, bailing out all the financial institutions that have failed recently (more will fail for sure), and a massive new government spending program on the horizon. In other words, the supply of paper money can be infinite. But the supply of gold is extremely limited. They say the entire gold production in the history of the world could fit on the basketball court at Madison Square Garden. And it’s not so easy to get it out of the ground.
3. Precious metals do well in major international conflicts. The price of gold was fixed during World War I and World War II. But silver, for example, rose by more than 100% in both world wars. Gold has risen for the duration of the War on Terror. It all comes back to No. 2, above… Governments ultimately print money to pay for wars.
4. Gold will rise during inflation… and during deflation. Gold rises as the value of the dollar falls. But what many people don’t understand is that gold will do even better during deflation, as the government lowers interest rates and wildly prints money to offset that deflation. This leads to substantially higher gold prices… which is exactly what’s happening right now.
5. Gold lowers risk in your investment portfolio. In the past, gold has tended to do the opposite of stocks: It skyrocketed in the 1970s, when stocks did horribly. Then in the 1980s and 1990s, when stocks soared, gold lost more than half its value.
Zogauw de USD zijn lange neerwaartse beweging weer inzet, ben ik opnieuw van de partij…
8 Reacties op “DR STEVE SJUGGERUD…”
Door steve sjoggebrod op 26 december, 2009 | Reageer
En tot in den treure toe worden we met dezelfde argumenten bestookt !
Door J. HOMMELES op 26 december, 2009 | Reageer
Marc,
Pas op voor de timing hé !
Door Dentich op 26 december, 2009 | Reageer
En het geklets over goud blijft maar voortduren in het forum …
Door J. HOMMELES op 27 december, 2009 | Reageer
Dentich,
Kop op beste kerel ; zelfs het nooit meer overtrefbare geleuter over Eegc is uiteindelijk geluwd ! (Nu houd ik wel even ‘n flink stuk hout vast). Tijd voor ‘n fijn getunede PR ? ._°
Door Dentich op 27 december, 2009 | Reageer
J.HOMMELES
Met EEGC moet het allemaal nog gaan beginnen ! En wat meer is, het is geen voorgekauwde fletse kost zoals vervelends toe in het forum betreffende het goud …
Door Jack op 28 december, 2009 | Reageer
http://endtheecb.ning.com
The free market offers a better allocation method for the distribution of scarce goods than does state-planned allocation. Socialism has failed as has been demonstrated by North-Korea, Cuba, the Soviet Union and numerous others.
Freedom of life, body, speech and the material results of one’s actions, is the highest moral objective. Many economists, philosophers and even common man intuitively grasp this notion. However when it comes to money and its price, most of them take it as given that it has to be socialized, controlled, and tampered with by politicians or fake-independents, such as central banks.
This website aims to become one of the forces that helps changing the mindset of people to let them see and understand why society at large would gain from a free and sound monetary system, with the market participants choosing their own monies, whether that be (digital) gold or any other (commodity) standard adapted by the market. Such a society would condemn and penalize banks that loan out cash deposits, in other words banks that operate on a fractional base. Such a society would not need central banks. Ron Paul fights for this in America and with his bestselling book ‘End the Fed’ he is now reaching the hearts of many Americans. It should take only little time before Europeans too understand the importance of his heroic battle against false doctrines. Afterwards they too will be demanding ‘End the ECB’.
WHY
Short history of money
In the early days people traded real goods for real goods. This was called barter. If you wanted to sell sheep and needed fish, you had to find someone offering fish while needing sheep. Quickly people found out that it was handier to have one or more dominant goods that were desired by everyone. More than often the market, the people, choose gold. Apart from a store of value gold also became a measure of accounting. People who accumulated gold and therefore wealth often needed to store the gold. Banks were used for that. Banks also provided payment services. Bank notes came into circulation, in the beginning backed by 100% gold. Later on banks started to deceive people through the issuance of more notes than the available backing of gold. Fractional reserve banking, the basis of our modern financial system, was born. But in essence, it’s fraud. You cannot loan out money that is stored with you. If someone asks you to guard his car, you’re not allowed to give it to someone else. The same goes for money. Fractional reserve banking made the money supply grow. Ludwig von Mises and Friedrich Hayek concluded that it leads to business cycles, to inflation, malinvestments, wars and to the postponement of the free and moral society.
Central banks
Because of fractional reserve banking, banks were vulnerable to bank runs. As soon as people found out that a bank had little cash reserves and bad investments, a run could easily destroy a bank. Numerous runs in the 19th centuries and early 20th century are proof of that. In order to prevent this central banks were created, as well as deposit insurance. Although these are often portrayed as measures to protect the consumer, in effect they protected the banks. Profits are privatised, losses are taken by society, as was demonstrated at the end of 2008. Instead of creating central banks, politicians should have forbidden fractional reserve banking.
Conclusions
Fractional reserve banking = fraud
Central banks and deposit insurance = legalised fraud
A free society should not allow fraud. People should not be deceived. Sound money would mean a 100% gold or other commodity backed money system. Real money for real goods. Value for value. Banks should be allowed to go bust. Fractional reserve banking should be forbidden. Central banks should be ended.
Door J. HOMMELES op 28 december, 2009 | Reageer
Dentich,
Tja, dat beginnen hé ; daar ligt nu net het probleem
In ieder geval, ik heb zelf flink meegedaan aan het geleuter, geld verdiend aan het aandeel, dus voor mij is er al ‘n happy end ! ( Zelfs al begint ‘t nooit ). En, bij tijde was dat gemeier nog best leuk ook !
Door J.HOMMELES op 21 januari, 2010 | Reageer
Sjuggerud ( neen niet knackebrod ) vind ik van alle financiele adviseurs de meest commerciele en typisch Amerikaanse leuteraar maar kom, dat is blijkbaar wat de mensen willen. Denkelijk vaart hij bijzonder goed met z’n prietpraat maar of z’n lezers / klanten dat ook doen is de hamvraag bij uitstek.