Click here to post your comments …
The U.S. dollar resumed its swan dive overnight, hitting brand-new, one-year lows.
Meanwhile, gold — the world’s ultimate dollar hedge — surged nicely to within an eyelash of its all-time high.
But it should come as no surprise that global investors are beating the dollar like a red-headed stepchild.
After all — they know that U.S. Treasury Chief Timothy Geithner is going panhandling this week — begging and borrowing every penny he can to fund Washington’s precedent-shattering $1.6 trillion budget deficit.
Today, Geithner will rewrite the history books by dumping an all-time record $43 billion in new U.S. Treasuries on the market in a single day.
PLUS, tomorrow and on Friday, Geithner will return to the trough, borrowing an additional $69 billion to keep the lights on in Washington.
That’s a total of $112 billion in U.S. Treasury borrowing in just three, short days!
 Geithner: “Brother, can you spare $112 BILLION?” |
This is truly alarming: If you’re like me, you can remember a time not too long ago when U.S. Treasury borrowing was less than $112 billion for an entire year. Now, we’re borrowing that much in less than one week!
I wish that was the worst of it. It isn’t: So far this year, Geithner has borrowed a mind-boggling $1.41 TRILLION to fund Washington’s debt addiction — nearly THREE TIMES MORE than the Treasury had borrowed at this time last year.
And still, this is only the beginning: The Congressional Budget Office (CBO) has warned that Obama’s budget will add nearly $10 trillion in new government debt over the next ten years.
If the CBO is correct, our national debt will soar to well over $21 trillion by 2019. That’s more than double the value of all the goods and services our economy now produces in a whole year!
Meanwhile, over at the Federal Reserve, “Helicopter Ben” Bernanke is printing unbacked paper dollars like there’s no tomorrow.
Yesterday alone, in his ongoing attempt to keep Geithner’s precedent-shattering borrowing spree from sending interest rates into the stratosphere, Bernanke had to print more than $4 billion just to BUY treasuries.
THIS is why the U.S. money supply is skyrocketing! THIS is why sophisticated investors worldwide are recoiling in horror.
Protect yourself now or you’ll be kicking yourself later!
The plain truth is, the value of your money — your buying power and your standard of living are being sacrificed on the altar of Washington’s debt addiction.
But if you make the right moves beginning immediately, you still have time to shore up your financial defenses. You can shield yourself, your family and your savings and investments from disaster as this great dollar decline crushes the value of your money.
More than that: There are many ways to harness this historic convulsion to keep your wealth growing.
That’s why I will be presenting a complimentary online seminar entitled “Washington’s Secret War on the Dollar: Protect Yourself and Profit” — in two weeks; on Tuesday, October 6, 2009.
My mission is clear: To help make sure you have the knowledge and the specific recommendations you need to insulate your wealth and to keep it growing as this great dollar disaster unfolds.
This online briefing is absolutely free for you — part of our ongoing commitment to help you sidestep emerging hazards to your wealth and profit no matter what the economy throws at you next.
I’ll give you the clear, concise, unhedged answers to your most pressing questions about this crisis now.
Right off the bat, I’ll give you my shocking update on this great global war on the value of the dollar …
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The startling truth about America’s debt debacle: Why the real national debt is more than EIGHT TIMES GREATER than Washington claims … why the full weight of our debt addiction is beginning to hammer the dollar NOW … and why our leaders have no choice but to slash the dollar’s value in sheer self-defense.
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Global investors stampeding for the exits: Why the world’s governments, central banks, financial institutions and super-rich investors are fed up with Washington … why increasing numbers don’t want to touch the dollar with a ten-foot pole … and what they’re doing to protect themselves at YOUR expense.
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NEW demands to replace the dollar as the world’s reserve currency: What the news media isn’t telling you — and how global plans to stop using the U.S. dollar as a safe haven or for international trade will impact your buying power and standard of living.
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What’s the next shoe to drop in this great global war on the dollar? Could the G-20 be secretly scheming right now behind closed doors to accelerate the dollar’s plunge? (My answer is admittedly outrageous and has tremendous implications for your financial security!)
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Protect your wealth even as others are losing theirs: Critical steps you should be taking right now to protect yourself from this great dollar disaster. PLUS, the three investments that are most likely to preserve your wealth as the greenback continues to plunge in value worldwide.
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7 investments set to skyrocket as the dollar sinks: These often-overlooked investments are the most profitable way I know to harness this massive, long-term dollar decline. I’ll show you what to buy … where to buy it … and when!
The Title:
Washington’s Secret War on the Dollar:
Protect Yourself and Profit
The Date:
Tuesday, October 6, 2009
The Price:
FREE
FIRST, check your e-mail for the invitation I sent you earlier today, then click the link in that email to grab your FREE registration and to make sure you get your instructions for attending in time.
AND SECOND, click here, leave a comment and tell me what you’re most interested in hearing from me during this all-important online seminar. I’ll do my level best to make sure you get the answers you need!
Together, we can get you through this with your wealth intact and growing. You have my promise that, for our part, we will do everything possible to make sure you and your family are among the survivors and actually grow your wealth as this crisis continues to unfold.
Best wishes,
Larry
P.S. You have our permission to invite your family and friends to join us! Washington’s Secret War on The Dollar is being created as a major part of our commitment to help YOU protect yourself and profit in these treacherous times. But if you have friends or family you trust and who need help insulating themselves as the dollar declines, you have our permission to forward the invitation I sent earlier today to them.
Related Posts
- Heads up: U.S. Dollar Sinks to New 12-Month Lows! (09/16/09)
- Free Online Seminar to Survive Dollar Crisis (09/22/09)
- Time to load up on gold and silver? (01/29/10)
- Sudden death for the U.S. dollar! (09/18/09)
- Dollar headed for collapse? (09/17/09)
{ 218 comments… read them below or add one }
Which is the best protection against the $ decline: resource stocks or precious metals?
Larry Edelson Reply:
October 26th, 2009 at 5:09 am
The most direct protection is gold.
URGENT AND PRESSING ISSUE
Dear Larry,
I’ve been a subscriber for a number of years, and have followed your recommendations, especially gold, for quite some time.
THANK YOU FOR HELPING MY FAMILY AND ME WITH OUR INVESTMENTS AND HELPING US UNDERSTAND THE GLOBAL ECONOMY AND INVESTMENT LANDSCAPE AS WELL AS WE DO!
Frankly, given what I believe is going to happen to our financial infrastructure and institutions over the next couple of years, I feel compelled to purchase even more gold than you’ve recommended, with the additional gold being held directly by me.
COULD WE FACE ANOTHER CONFISCATION OF GOLD SOON?
In researching gold ownership, I’ve come across a few disturbing facts, and I’d like your insights, please, on the risks we face as gold owners.
These concerns stem from legislation passed in 1933 — the Emergency Banking Act, and Executive Order No. 6102, issued by President Franklin Delano Roosevelt, which provided that all privately owned gold in the United States was to be confiscated by the government
To my knowledge, the executive order has not been rescinded, and can be enforced at anytime.
Research indicates that gold and silver bullion is subject to confiscation, and the payback is $50 an ounce for gold and $1 an ounce for silver. Further, I understand this applies to American bullion coins THAT HAVE NOT BEEN CIRCULATED AS LEGAL TENDER FOR THE PURPOSES OF CONDUCTING COMMERCE.
The American Eagle gold coin states on the back of the coin: “ONE OZ FINE GOLD — 50 DOLLARS.”
I understand the reason the $50 face value is included on the coin is not because it is “symbolic,” but because it is the official “repatriated value,” or confiscatable value of that coin.
That $50 face value of the one ounce American Gold Eagle coin was established by the US government when they started minting them in 1985. If and when the government calls them in, will they give you face value, $50, in paper money, for each ounce they take from you?
ARE GOLD ETFs AND SIMILAR INVESTMENT VEHICLES EQUALLY AT RISK?
Additionally, after reading the “Risk” section of the Prospectus for GLD, I believe that if the government were to confiscate gold, they could include gold ETFs and similar investment vehicles (which were not in existence when 6102 came down). If this were the case, and the same formula were applied to my GLD shares, I’d receive $5 for each share (each share being equal to 1/10th of an oz of gold). Right now, this would represent a NET LOSS of $110.64 per share (plus commissions!!! - LOL) I own (as of today’s close).
While on the subject of GLD risks as outlined in the prospectus, there appear to be many other risks that might befall the owners of shares in this program (given what we’ve already experienced the last two years, fueled further by what begins to happen over the next three years, beginning in December 2009, with the resetting of more residential mortgages than we’ve had reset in the last three years). Some examples. . .
A major crisis — not defined or named (but the collapse of our global banking industry — or that of a member of the G-8 — would certainly qualify), Termination of the Trust (triggered by events outside the control of the Trust — the US’s or G-8’s decision to confiscate gold), the suspension of the NYSE (perhaps brought about by the collapse of local municipalities and state governments, and the commensurate failure of many insurance companies — whose portfolios are full of municipal bonds — as real estate tax revenues plummet even further),
Given the world we live in, it doesn’t take much of a cynic to envision a “new type” of ponzi scheme that could cost investors, in a program like GLD, their shirts. “How could this possibly happen?,” you might say. Turn to any good fiction writer for a plausible scenario!
As it is, gold held in the Trust’s unallocated gold accounts could be absconded with it since neither the trust nor the custodians oversee or monitor the sub-custodians; The Central Bank Agreement recently signed might be voided due to unforeseen future political or economic conditions or pressures (up till two years ago, this would have seemed ludicrous, however, given what we’ve already seen AND what lies ahead, its crazy not to consider the possibility!) with the CBs flooding the market with gold, thus causing a panic among investors who’d be only too happy to get out of their gold at almost any price (say, this might be a new way to “confiscate” gold!).
And of course, there is always the possibility (however slight), that gold obtained by the TRUST hasn’t been of the fineness or weight stipulated in the purchase agreements with the companies the Trust is purchasing gold through.
You’ve said along that we’d need to have gold to accomplish two important goals: (1) preserve our wealth, (2) ensure we have the ability to provide for our families on a day-to-day basis if history repeats itself regarding the value of a country’s currency (Rome, France, the US Revolutionary and Civil wars).
IS OWNING LIGHTLY CIRCULATED NUMISMATIC GOLD COINS THE ANSWER?
I’m wondering if a best bet isn’t the ownership of lightly circulated numismatic gold coins. The old $20 Liberties, $20 St. Gaudens, $10 Liberties, $5 Liberties, coins that were legal tender in our country from 1850 to 1933.
It is my understanding that if they are in good enough condition to be considered a collector item, then they are considered numismatic gold, non-reportable, and non-confiscatible; is this true?
And, vis-à-vis the price of gold and its intrinsic value, would these “special coins” not be more valuable as a protection of “wealth” than gold if bullion were confiscated?
Thanks in advance for your response to this urgent and pressing issue.
All the best,
Joe Emmet
Larry Edelson Reply:
December 8th, 2009 at 2:32 pm
Hi Joe. No, I do not believe Washington will confiscate gold from the public. There are a number of reasons, not least of which is that it would be logistically impossible for them to do so. I also do not believe they would confiscate bullion coins, nor numismatics. Also for a number of reasons to lengthy to go into here.
As for GLD, yes, theoretically there could be some problems down the road if there were to be a mad rush of GLD investors redeeming their holdings for the physical gold. But I do not see that happening. Not for a while at least. In the meantime, GLD remains a very sensible way to own gold.
LARRY, I UNDERSTAND WHAT YOU ARE SAYING AND THINK YOU ARE CORRECT ABOUT CHINA BUYING OUR DEBT, AND ABOUT HOW THE USA WILL TRY TO INFLATE AWAY THE UNPAYABLE AMOUNTS OF DEBT WITH MORE AND MORE WORTHLESS DOLLARS. THE ONE THING YOU MAY NOT BE CONSIDERING, IS THAT THE AMERICAN PUBLIC IS GROWING MORE AND MORE UNHAPPY ABOUT THIS POLICY THE USA HAS COMMITTED TO. THERE IS GROWING UNREST, DISGUST, AND DISTRUST, BECAUSE THEY TOO DO UNDERSTAND WHAT IT MEANS FOR THEM AND OUR FUTURE AS A COUNTRY. KEN
Larry Edelson Reply:
December 28th, 2009 at 3:41 pm
I agree, Ken. And you cite one of the reasons I am bearish on the dollar. Growing unrest, disgust and distrust of government!
Should an individual of modest means reduce is investments in stocks and raise his/her gold/natural resource % above the 25% you had recomended? Can the gov’t ban ownership of gold, either physical+/or mkt spiders gld like FDR did by his executive order??
Hi Larry,
Have been following you for a few months and really appreciate your work. Thanks. Will consider your newsletter when we move back from the boat to a home in October.
What would you recommend for Canadians in Gold, Silver, Mining and materials ETFs to protect one against these risks you are outlining.
Looking forward to your presentation
Hi Larry,
I am considering moving from Canada to the US for work. It is better than I can get north of the border right now but I am wondering if I should take the lower pay and less vacation time to earn in Canadian dollars for the next 2 years.
Hi Larry:
How can we best “denominate” our investments in other currencies?
Best,
Kent Gaskill
Currency ETFs .. is it too late to get into the Australian $ or BRIC?
Are there any gold bullion investments other than ETFs that are not likely to be confiscated by the government when everything falls apart?
Is there any way I can protect my IRA from the same fate as stated above?
What about IMF selling 400 tons of gold and Chine possibly buying the whole lot. A how will it effect price of gold and what does it say about China’a thinking. It may support your thoughts on the g-20 going for a world currency based on gold.
Hi Larry,
I am a subscriber to your Real Wealth Report. I am about 50% invested in the market using your recommendations and others. Should I put a portion of my cash into currency ETF’s? If so, how much and which ones would fare best against the dollar?
Thanks for your help.
Tell me, are we headed for rampant inflation or deflation? Are we in a recession or depression. Is the government really printing hordes of money or are they borrowing money by selling US governement bonds, notes and T-bills? If the latter, wouldn’t that be deflationary…taking money out of the economy? Any comments of what is really happening.
Is there a shortage of gold or a vast oversupply? The truth???
JJ
Hi Larry,
I appreciate that most of your subscribers live in the US. I don’t know how may live in Canada, which I made my home. Some of my investments, based on Weiss Inc. Recommendations, are under water in CAD. So much so, that I am now tempted to dump all USD nominated investments, based on a further decline of the US dollar.
I appreciate that the Canadian dollar has tracked the S&P, and a decline in the S&P may boost my USD nominated investments. In addition, since a large percentage of Canadian exports still go the US, the Canadian Government is likely to take further steps to prevent the Canadian dollar to be at a premium to the US dollar.
Expanding on that thought, I is likely that any nation depending on exports to the US will join the US and debase their own currency, thus supporting the nominal value of the US dollar. That the US dollar has sunk as much as it has in recent months, only supports the strength of the pressure on the US dollar to go down.
Making investment decision on US equities has become a pain for someone living in Canada. The swings in exchange rates can be more that the change in the equity value. And more often than not, they are in opposite directions.
Considering that most plays on resources can be made in Canadian dollars, should investors outside the US avoid US equities altogether at this time?
James
Larry
What have you heard regarding the rumor that the IMF is unloading their gold to the tune of 40billion dollars worth and that the Chinese gov’t is the buyer?
What is the true story regarding Gold backed Treasury Notes and the possiblity of them replacing the dollar?
Will the exceptions to the rules regarding the silver markets and holdings beyond the rules be resolved and if so when? What will the effect be upon the silver markets?
What will be the trigger to tell when to buy gold?? (Market rise/fall, complete dollar collapse??)
Are ETF’s in gold a good vehicle or should you buy real gold???
Do you see another significant round of bad debt in terms of commercial martagages coming or is the worst behind us??
Larry,
I am most interested in what is a balanced approach to protect myself from the devaluation of the US dollar?
Where do I find sound recommendations and resources to make good long term decisions? Is there one set of investments that is better than another?
How many years will the dollar fall in value in relation to the other currencies? When will it stop - bottom out - and become time to move back into dollar denominated investments?
What about international real estate?
Matt
The big deal now appears to be gold, but nobody is talking about silver. Would it not be a reasonable investment? and if so, in what form? What would be the downside of silver investment?
Martin
I am an ordinary working “widow” - I’m 69 years old and have an IRA worth $200,000 and $200,000 invested and earning 7%. I may be worth nothing soon! Indeed, how can I ever retire and how can I protect my retirement nest egg?
I have a $160,000 mortgage.
I have a small holding of Gold Mining Stocks (bought on your recommendation 7 or 8 years ago) that I paid only $500 for that are now worth $15,000 (thank you!)
How can the small investor - net worth person such as I survive.
What is your best estimate as to the timing of the significant moves in the coming hyperinflation?
Larry, I am a subscriber to your Real Wealth Report and I am also a Financial Planner with a good practice here in California. I am very concerned about the situation that you are advising about and am concerned about my clients. I have not yet passed on your strong advice as to what to do with our stock portfolios and about buying gold. I have not yet purchased precious metals for my own portfolio yet. It would be a huge change of investment philosophy for me and my Broker Dealer , as my “boss” has not taken any lead regarding advising our clients to create positions of protection in gold and presious metals or any leadership regarding moving cash or converting stock holdings to currency positions. It is all most troubling to me. What should I do? Thanks for yout insight and help.
I have bought gold over the years, how is the best way to sell it? value plus spot plus taxes,
coin shows, refiners, swap for euros or francs?
IF ONE WHERE TO SELL == HOW WHERE WOULD YOU SEND IT ??
Larry: Keep doing what you do. You’re my prime access to the reality of the financial world as it relates to our Constitutional Republic’s future. The entire Weiss Research is a credit to this nation and that is something I have difficulty finding. Your reports should be in highschool classrooms.
Larry,
I’ll have to miss this one, as I have a committment from 9-12 every Tuesday through February. I hope you will publish a transcript of this for us who will miss the event.
I have been hearing some fairly convincing rumors that the Comex and, correlatively, that commodity ETFs, such as GLD, are in trouble. Specifically, some of these rumors are that GLD is being run on a fractional reserve system, and also that GLD is so short of physical gold that it is having to borrow gold for physical delivery. The implication is that investors may be being scammed by such ETFs. (a) Can you confirm or deny such rumors? (b) If such rumors are true, what can investors who are seeking to put 401K funds into precious metals do?
I’m most curious about the affects of 401k withdrawl requirments for dispersment that has been waived curently…and the affects of this on the market as a whole
My husband’s 401k is with Fidelity, what can we do to safeguard the money from losses. Can we move it somewhere else if we wanted to? This is to avoid any losses. What steps to take right now before everything goes haywire. Is gold a safe place to put his 401k money right now?
Most analysts who predict major declines in the $ also predict massive inflation as a major cause of the $ ddecline. However, increased money supply alone won’t increase inflation without an increase in the velocity of money. If the American consumer’s habits have truly changed and savings rather than spending will continue to dominate consumer behavior velocity of money will not increase. Does this scenario change your predictions in any significant way?
What specific investments will most probably give us the greatest hedge against the falling dollar and the falling stock market.
Janet
Hi Larry,
I would like to run a seperate account non-dollar fixed income portfolio, do you have any ideas how I can do it? I use to run Munder’s International bond fund.
Doug
Everyone seems to talk about having maybe 10 to15 % of your investment dollars in gold and other precious metals at a maximum. From what I read, why shouldn’t we be talking more in terms of up to %50? With the dollar in the shape you and others describe it, one can expect the dollar to buy less than 50% of what it does now in a few years. Why would one want ANY dollar-based investments? I would guess other commodities deserve a substantial look also, as well as some solid(?) foreign companies or ETFs. Please address in your Oct 6 meeting. Many thanks!
Are gold ETFs and mutual funds safe– i.e. do they have the gold they’re indexed to or are they simply a promise to pay indexed to the current price of gold? Could gold ETFs (or any ETF) be another Ponzi?
In our location, we can only access the internet thru dial up. Any of the Weiss Webinars are not viewable. Verizon keeps telling us that FIOS is coming. The only other DSL available is a business offering at several hundred Dollars a month. If you could provide a transcript on your website that would be useful to us.
What is the best way to purchase gold, silver, and other commodities as a hedge against the dollar?
If the dollar falls drastically or is re-valued, what happens to the value of my existing stock/bond portfolio purchased with US dollars for mutual funds in a US investment firm? Aside from physical gold & silver, what do you suggest for investing for growth? I look forward to your webcast. Barbara
Will the seminar be on the web after original showing. Two oclock everyone is at work.
thanks
mike
I too am wondering how the ultimate foreseen fall of the US $ will affect the Can$. At this moment of course the $Can. is worth more as the $U.S. falls but…..this situation is so complex! idm
I am insisting that my stock purchses have a substantial dividend in companies that have a good percentage of foriegn sales, I am troubled that I can find no silver producers with smoking earnings or that pay a dividend. If silver is so high this should not be the case. Also am I wrong to distrust slv, I really wanted a producer in favor of slv.
It seems to me that beat up us silver coins would be the most recognized and negotiable form of silver to own, what do you think?
Who are the largest owners of short positions on gold? What are sizes of the positions and what will happen if the longs take delivery?
Any thoughts on the ruble?
Regards
David
What should people be doing with 401k’s?It is hard for my wife and I to get any kind of decent customer service from the company handling our account.What do we need to do in order to keep from seeing an 08 repeat?
I live in the UK, whose public finances are also in a mess. It appears to take a similar attitude to quantitative easing to the US. This year, the Bank of England has printed £175 billion (12% of annual UK GDP). Its borrowing may even be higher than the US borrowing, relative to the size of the economy (not sure on that one).
I’d welcome some advice regarding your view on absolute return funds. These attempt to hedge against the downside, unlike equity-only funds, and they do shift their investments around a lot according to their view of the markets (bonds, equities, commodities, etc).
If you take a positive view, are there any you could particularly recommend, especially funds that are denominated in a currency other than the US $ or the £ sterling? That would correspond to my view of the long-term prospects for my and your currency. This view is: pretty dire.
I enjoy your firm’s e-mails - thanks.
I’ve been following your website for the past couple months after reading Mr. Weiss’s book. My question is, for small investors and not too sophisticated, are there safe investments that don’t require watching the market every day, buying and selling on every little maket move? Something closer to a buy and hold strategy? Thank you.
Hi Larry, What can you tell me about the Markets in both Mexico and Israel? Is Mexico following in the steps of the US, or Brazil? And how does Israel fare in her Economy? Thanks, Luciano
Would you recommend any mutual funds in Gold or mining, or precious metals of any kind?
If so, which ones or investment house funds do you think have value or that you like?
If not, why and what direction do you feel is the most safe for a lost in the future?
Thank you. Appreciate you generosity and openess.
WHAT IS THE BEST WAY TO INVEST IN GOLD? ETF^S GOLD STOCKS OR PHYSICAL GOLD BARS OR COINS THANK YOU
How can I profit the most on the assumption as I believe that silver should be now at least $50/oz if not more?
Why is silver still way undervalued by most people as for now?
What can we do to make it go up to its true value especaily wiht gold over $1,000/oz and maybe on the way up to $5,000/oz in the next several years as per Pres. of Gold Corp.
What/where can we buy and/or invest to get the most silver per oz today?
Thank you.
Lou
I need to know what to do with money now in money markets so I can protect purchasing power and grow my retirement funds. Note: I am already retired so this is of prime importance to my families welfare.
As a retired senior we have watched our nest egg vanish before our eyes. What is coming is totally scary and taking on extreme risk in investments we do not understand is even scarier! Hope you can help!
I am most interested in specific investment ideas.
Please comment on oil and natural gas as a hedge against inflation.
It sounds like some kind of a shell game for the treasury to be borrowing money and the federal reserve to be buying debt? Where do the fed’s funds come from to buy debt, if not from the treasury? What exactly is going on
?
on Oct 6 please ID some well capitalized ETF investments that will prosper during the next few years.
Hi Larry,
I appreciate your letters. As a Canadian - how should we weather this storm? Gold, silver?
It is overwhelming and frightening!
Mary
I have stocks which are doing very well. Should I keep them or sell all,& convert to cash?
Larry,
I am a retired sailor and retired civil servant. I don’t have a lot of money in savings and what I would like to know is; how can I save the little bit I do have? I don’t have stocks or bonds, I just have several savings accounts in my credit union!
Thanks for whatever help you can give me!
Frank Seymour
Larry
Is there any way that we can pull up a podcast of your teleconference? I will be out of the area during that time and am not able to view it. Thank you.
i cannot wait for all the main topics that you are going to discuss. waiting. . .
Dear Larry, I am not sure if we are in Phase 2 of this gold bull market or Phase 3. In any event, regardless of which phase we are in, as it matures, will your advisory goal to tell us to get out on time? (After profts of Phase 1 i stayed far too long at the party in ignorance. This is my greatest need-to know when to get out…) Thanks, S.C.
i am very interested as to where, when investments should be place. i am in the Philippines but i follow your blogs, newsletter. We the family has subscribed to uncommon wisdom.
what does small investor do in these trying times. Most of assets is in cash. How do I make sur I dont loose everything when the dollas goes down. Your comments, Jack Harris.
I want to know specific investments with their corresponding symbols and time frame(s) involved; when to get in and out.
Could you please talk about projected price targets and timelines for gold perhaps by end of December, say to about $1300. The real question now becomes, What kind of a correction can we expect? If China is truly buying the dips and putting a floor under $1000, then is this a reasonable guess that gold will correct back down to the $1000 level?
I’m 72 & have a $830,000 IRA, would it be wise to close it in 2010 & pay taxes because of 2011 tax increase & future increased taxes?
Please give specific investment suggestions….for different risk levels: low, medium, high.
Please give a suggestion that will be reasonable even if the dollar does not “tank.”
We are elderly and want to protect our cash asset. We are invested in some gold and silver, but have a cash reserve for medical, etc. Please advise.
I would be interested in know about what kind of gold and silver to buy — i.e. 1oz gold and silver
Suisse bars :? Or slightly circulated gold / silver coins and if so, which countries / sizes /etc.?
Or gold and silver mututal funds, and if so, the symbols / names of the best funds ?
Also — how would this help us if we end-up in a cashless monetary system, as the bible
seems to indicate ?
Thank you,
Sylvia Williams
How effective will foreign stock or bonds be in preseriving the real value of my investments?
Please have available a copy of your Oct 6 presentation for future reference.
Thanks
Yikes! What can we do to protect our dollars?
Hi Larry, thank you for putting on a seminar for our benefit that is truely noble of you.If you could,would you, mention any “secrets”in the tax code (ie;fractional reserve income tax loan to U.S.Treasury in lieu of taxes due! He He I wish) or strategies that could be of benefit to the average “Joe”.In face of the rising defecits,financial fraud,pilaged I.R.A.’S and soon to expire tax laws,we need all the help we can get! See you on the 6th,Don
What’s the probability the Fed will shrink the money supply and when?
If they don’t, then what?
Why not a “strong” dollar?
“April 5, 1933….United States Government forced all who owned Gold Coin……Bullion……certificates to turn those assets into the Federal Reserve Bank, Branch or Federal Reserve System Bank……..”
What would restrain the Government from doing so at the present time?
Larry - the question I keep asking and which you keep avoiding - are the gold and silver ETF’s REALLY
holding actual PHYSICAL gold and silver and if so, WHO did they buy it from, where did they get it?
There is NO RECORD of their alleged purchases on any major exchanges in the world. I think they are actually SHORTING the metals in the paper markets.
And why is no one allowed to actually SEE this alleged physical metal???
All very fishy in my opinion. Your take??? (don’t tell me it doesn’t matter)
Alex
Larry,
1. Is the swiss franc backed by gold? Is it a good thing to buy now?
2. Are TIPS good protection against the falling dollar?
We really appreciate your ideas on protecting our life savings. We are retired and live on 2 pensions and our investments. Currently, 1/2 of our investments are in money market, the others in gold, & commodity stocks, plus some in TIP.
Fred
How do you see all this translating into the real estate market? I am an appraiser (CA AR028570) and and agent (CA DRE 01315792) and I do not wish to be caught giving my clients bad advice or working in a market that is doomed to being unwound. I know that real estate relfects local sympathies. What I do not know is how macro-economics will affect long term prospects for residential real estate be it for single fmilies or multi-dwelling units unless the borrowing power of the consuming market is somehow stripped or rendered impotent.
Hi Larry,
Elliott Wave guys are predicting gold to go significantly lower shortly — would you agree? Do you espouse Elliott Wave? I was thinking of waiting for the price of gold to drop before buying — what do you think?
Thanks,
Nanette
You have said to purchase Gold Ingots for owning the physical metal. what is a gold ingot?
At wht price would you suggest we accumulate some.
thanks for your help
Dallas Texas
If the dollar plunges in value, what effect might that have on residential real estate in the US with foreign buyers being able to buy a home in the US with less of their currency?
I know that what you say is true as far as you know but I have a `hang up ‘ about it all as I believe `Bible Prophesy’ And ` gold’ is not the answer nor `silver’
Plus time is very short!
Larry: You are a joy and a voice that I can hear. With Claus, you seem to speak it clear and without too much verbage. As an older man (Soon 79) this is most helpful. If you are doing anything else to which I may subscribe, please advise. B. Mumford.
I would like advice for the safest investments for cash accumulated from being on sidelines. I have silver hoard in junk coins and do not want to be in USD. At 72 yrs. of age, I’m not looking long term for myself but for grandchildren.
Thanks for all you do,
Paul
Larry,
I found Uncommon Wisdom about a month ago and have been a fan every since.
On your seminar, could you clarify a point for me and possibly others? If for example the dollar suddenly dropped by 50%, would I expect a metal mining stock such as FCX to rise by approximately 50%? Or taking it a step further, would I expect a Chinese stock such as EDU to rise by 50%? Much of what I read seems to imply as much, but I never see that stated in so many words.
Thanks,
Jim Vickers
Hello, mr.edelson, regarding your upcoming web seminar, could you please explain.how to the common working man is able to buy gold
Hi Larry, Situated up here In Canada, and the United States largest trading partner in resources etc. Do you think natural resources are the way to invest in? Or a diversified portfolio gold & silver and natural resources. Await Your Reply!
Everyone keeps talking about buying gold. But in what form is the best choice? 10K bars? Australian Perth Mint? Gold Index funds? Collectors Coins? Mining company stocks? 24 or 48 carot jewelry? Do you need to be in physical possession of the gold, say in a safety deposit box? Don’t some companies sell more gold certificates than they actually have on hand, so if everyone wanted the physical gold at the same time they couldn’t meet the demand? Also wouldn’t the US government seize all gold like they did last century I think during the 30’s? I would like to make the right move but there does not seem to be clear information on the options.
Looking forward to your presentation.
Hi. Would like to attend webinar but will be traveling internationally that date. Options? Thanks for your attention to this.
JCH
Mr. Edelson, I joined you along with the Foundation Alliance. I keep seeing where your expertise is in precious metals, particularly gold, and natural resources. I was curious why we havent seen more recommendations from these two invesment venues. The silver trust fund has been your best performer so far, thanks. How about some longer term investment recommendations going forward, along with the shorter-term cyclical buys. Thanks and we do appreciate your concern for our future investment security.
I am retired aged 72. I’m a UK citizen with US residential status. I have very little income from pensions. My only meaningful income is from dividends; pref shares; corporate bonds. I have investments in Canada stocks. I have some protection against declining values via inverse ETFs.
I have to have income in order to survive, so I find myself often in a buy and hold scenario. I was hit hard in 2008 but have seen some recovery in 2009.
What meaningful measures should I be thinking about NOW in order to maintain capital values and income?
Thanks and regards,
John Kemp
II want to invest in gold.. are coins better than bullion?Gerry Delong where do i do this?
I’m 37 with 2 small kids. My investments are in my 401k and 529 college fund. How can I protect my investments? Should I withdraw funds to put into different investments even though there will be a tax penalty?
Hi Larry,
First, I’d like to thank you for sharing a lot of valuable information with your subscribers. Aside from being debt free, would converting much of your cash savings, say 60 to 75%, to tangible gold and/or silver in-hand be the best way to guard against the coming crash of the dollar?
If an investor holds physical gold now, should one just hold?
R.T.
will TIPS be a good secure investment?
What will happen to real estate values when the dollar is devalued?
What will happen to real estate values with hyper inflation?
Dear Larry,
I am interested in making my money work for me, but I also have a large mortgage debt. How important is it to try and preserve our real estate investments?
MaryAnne
What happens if the federal government goes bankrupt? How would this affect stock and bond prices? Would bankruptcy cancel and the unfunded liabilities of the federal government?
I am a Canadian considering purchasing a US resort property (prime waterfront) now that prices are at 2001- 2003 levels. Given the anticipated ‘downward trend’ in the value of US$ vis a vis other currencies, how do you anticipate the vale of prime US real estate will fare as the situtaion develops - will real estate increase in US$ terms? in ‘real value terms i.e. gold and other currencies’? or decline in either value term?
Your analysis and recommendations would be appreciated.
Larry, I own some ms 63 $20 Liberty Gold coins, some as old as 1897. I beleive they are worth about $2000+. Should I keep these or maybe trade them for coins more practical?
Larry:
What is your view of silver as an investment ?
Thanks.
At one time you recommeded US Treasury Money Market. What are your recommendations now??
How can I buy Chinese stocks like PetroChina PTR but not on the US or HK stock exchanges that are based on the US $?
It appears to me that we need to diversify completely out of US based markets. They are a time bomb ticking away. I could buy Yaun currency that might produce gains relative to the US$ … but with China and Brazil markets exploding that’s where I want to invest just to keep even with those economies. The American and European economies are doomed, they have had they heyday.
Hi Larry,
Just a couple questions. First, I have an 8:00-5:00 job. Is there another option for myself and possibly others like me to be able to access your October 6 seminar? Secondly, on a more personal note. My wife and I are conservitive in nature and the extent of most of our investments have been CDs and a retire plan through work. Wanting to better protect our assets in light of our present economic times, I have been trying to educate myself through the Weiss contrarian portfolio, their “Money and Markets” updates, and your “Uncommon Wisdom” website in the last 8-10 months. At times I feel rather overwhelmed trying to understand the concepts discussed. Do you have some basic advice or guidelines for a “kindergarten level” investor to not only know what to invest in based on someone’s recommendation but why it is being recommeded. Thanks for your input.
Keith
Dear Larry,
I am already regisitered with Dr. Weiss but he did not have a blog.
I am a self employed, retired, work partime and have very little income from the work; $150.00 every two weeks. If I can invest it how would I go about it.
Respectfully,
Carolyn
My question to you is, in taking your advice, and stocking up on gold and silver, how much is enough gold to have, and what do you do with it when you have it? Save it, trade it, sell it to make a profit? What’s your advice?
Larry,
I really like everything you have to say in general it is insiteful and to the point. I just have one bone to pick with you regarding all of the Treasury’s auctions. You always talk about the headline amount but neglect to mention how much of the auction is just rolling over maturing issues. Please don’t get me wrong I believe what our government is doing is atravesty and it will bite all of us in our collective rear ends. But the actual unhyped truth does not need to be exagerated, it is more than obscene enough.
Keep up the good work,
Mark
Do you have any comments on buying foreign real estate, in a locality where I already own some, as a hedge against the dollar’s decline?
Thanks
Hi Larry: My perspective is relatively short term…trading commodity futures for runs that last a few days to a few weeks. Interested in your comments on getting on the right side of big and fast moves in gold/silver, grains, softs, energies, even meats!
Problem for me is that I don’t believe in gold. It’s unproductive, uncreative, backward-looking. Are all defensive postures like gold?
Hi Larry:
Excellent call in March about the stock market bottoming.
Both you and Martin have previously recommended putting most cash into US Treasury Money Market Funds (also reference The Ultimate Depression Survival Guide by Martin Weiss). I have not seen and alert to the contrary for cash holdings. So as the US Dollar continues to slide, are both of you recommending getting out of US Treasury Money Market Funds and into other currencies? Is there an equivalent to a money market fund in other currencies you are recommending instead? Or forget currencies and use ??? instead.
Looking forward to the upcoming webinar.
Robb
I’m just getting acquainted here. I am hard of hearing and hope you will publish a transcript.
What would a US dollar currency replacement do to my investments in my bank or my 401k? If the dollar were replaced, would it make our Great Recession turn into another Great Depression? Would we need to stockpile food and other necessities before prices skyrocket during hyper-inflation? thanks for all you do Larry.
Since it seems everyone is calling for hyperinflation, and it appears that financial woes are to be here for years, how can one ‘protect’ one’s personal property, pay taxes (which are inflating also), and have enough food to eat, as well? In other words, how do we survive over a period of years?
I’m trying to avoid the worst of the market, and so far I’m managing that, but not much more. 2 years ago I decided the dollar was terminally ill. I don’t believe in paper gold or silver, except for short term bets. I’m cautious about ETFs since they are essentially derivatives.
I don’t see any really safe havens. The euro has it’s fair share of problems, precious metals risk confiscation, I’m not too familiar with Asia, and I don’t have a Swiss passport.
Farm land?
What good is gold if its frozen or confiscated????
I think we are headed for both Inflation in some staples related resources and deflation in others . Home Prices are 50 % less in my area
How much of my cash assets should be converted to gold? Is silver also a good investment?
H Larry,
As I am a Canadian, I’ m wondering if a USA $ adjustment downward will effect us.As most of our exports are to yourselves—this could be tricky!!! I still believe that most people should own gold–that is take actual delivery. Paper cert’s will always be paper.
Denis
Larry,
In response to your request to tell you what I need to know, please address the following, some of which you have already delineated in your letter;
*Who benefits from the demise of the US Dollar?
*Why are “they” devaluing out currency, and who are “they”?
*How do I protect myself financially? What specific instruments and methods do I use to store and grow my personal wealth? (please be very specific and delineate details)
*Please discuss dates, when will the dollar fail? When will the banks fail? When do I need to take my money out of “Wachovia” for instance.
Lastly, I am in Palm City, FL. Can I be in attendance in your Jupiter office when you give the presentation?
Thank you in advance for your consideration.
Regards,
Mr. D. McCoy
Please make some suggestions for investments in non dollar denominated funds and some international firms.
Thanks
Ray
Please, please, please provide applicable useful information for UK based investors highlighting where the approach should be different to that for USA citizens.
Thanks
Hi Larry,
If we are heading to an inflationary period, is now the time to buy real estate with as high a loan to value as possible while securing the current low fixed interest rates? Is this smart to then be able to repay the loans over the next 20-30 years with reduced value inflated dollars? Rents on the units will go up with inflation but the mortgage payment will stay the same. The dollar value of the buildings will also go up with time, outpacing the dollar’s decline.
Hi Larry,
Should you be in the stock market during high or hyperinflation?
How does the value of stock owned change with - say - 50% over night dollar devaluation from a global currency crisis? Does the stock go down 50% in value? What market forces are involved?
With the above example, would gold mining stocks “self regulate” and go up accordingly with high inflation - and what would cause this price increase …….. the “new” demand for the stock or the the “new” number of dollars required to buy gold ………… other things?
Also - with gold stocks ……… do they have the ability to go up faster and make more money than gold ownership? Is that demand driven - leverage ……… other?
Are gold stock companies regulated to prevent tricky stuff if gold happens to skyrocket?
Love your writtings ! I’m a TFA and Real Wealth member.
Thanks for your time !
Mike
How will the crashing of USD affect Australia and Philippines currencies and economy?
I noticed that the price of gold in Australian Dollar stays almost the same sice the A$ is getting stronger than US$. I know that this is natural that when US$ is weaker other currencies like A$ will be stronger, but will this be the trend always? Will A$ ever beequal or less than US$?
Dear Larry,
We have mutual funds and their philosphy is buy and hold as you know. What should we do in this situation? We are nearing retirement, and all this news is frightening. We are not really knowledgeable about all the ends and outs of market trading etc. In this case ignorance is not bliss.
How can we take advantage of your advise situated as we are now in the mutual fund arena? Our funds are modest but they are our hedge against the events of the future. With an administration who is trying to reduce every citizen down to the 3rd world level, I’m not sure how money advice now will help in this particular political climate with new taxes and laws in the making. Thanks CAC
i am not investor just small business owner struggling to make living. i need more information on what i can do as business owner to secure future, is land that i can grow food fore of valus that gold, as you cannot eat gold, but people will trade their gold for my food?
While identifying investments to protect assets from dollar’s decline, kindly include details of methods to acquire gold without premiums/liquidity of each method, how to take physical possession, how to redeem at some future time.
Thank you
LARRY, I subscribe to the double dip recession theory.
If correct, won’t ‘risk aversion’ and ‘flight to safety’ arguements prevail, strengthening US$, as in 2008 and early 2009?
Europe and Japan have equivalent defecit and growth challenges and if they devalue further, then their trade prospects are bleak - so I don’t understand your arguements for further currency appreciation.
Commodity based currencies depend on global growth. Double dip recession would knock these currencies for six again? China cannot sustain growth without exports, so they’ll continue to ‘manage’ their currency.
With the US, EEC and Japan economies moribund next year = negligible growth = commodity pullback. So, which currencies will surge vs $US????
Hi Larry
I must say that I find your information most useful and thank you for laying on the line what is happening or, do we really know?
Do you it wise to hold currencies like swiss francs , japanese yen and euro instead of investing into any uncerain coroporation which could also be affected?
Best wishes
Gina & Rod
Hi Larry
Thank you for all the useful information you put out.
Do you think it wise to hold other currencies than USD instead of investing into corporationsthat may be also affected?
Currently hold CHF and euro.
Many thanks
Gina & Rod
Larry,
Looking forward to specific recommendations for saving my assets. Please offer the widest variety of specific recommendations.
Also, the percentage that each investment should represent.
Thanks,
Steve C
Hi Larry,
I really appreciate your work, thank you for your hard working and help. My question is, what do you think, what will be the new the world’s reserve currency in your opinion ? China’s yuan, euro or a total new one ?
Betty
When do you see a reversal in the rally? How should we prepare our portfolio for this event?
Hi Larry,
I am interested in buying bullion. Dr. Larry Bates I believe advises that most bullion can be confiscated by the government except that which comes from Switzerland. Did I misunderstand and do you have any comments on this?
Thank you…
For those of us with most of our retirement dollars in employer 401(k)s, what are the kinds of places (within a traditional 401(k) ) that we should avoid and those on which we should focus over the next few years in terms of wise places to invest our limited assests in this unprecedented economic environment?
Hello Larry,
How do you recommend we claim monies lost with AIG and put these criminals in JAIL!!!
Lori Robinette
What specific mutual fund will protect me while the dollar drops in value?
I would like to know about holding or selling a home-if you hold, how long do you expect to have to hold or will there be a window of opportunity (& how long) followed by further depressed prices (& for how long). I know predictions are just that, but your informed opinion beats my best guess.
Also, what’s the timeline on gold? I’ve been there before and held and held, watching gold stocks become worthless, so I don’t relish that prospect again.
Hey Larry,
I appreciate your committment to keeping us working americans informed since nightly news and CNN seem to be strangely unaware of all that is happening with the economy even though they somehow manage interviews with people the US military can’t seem to locate. But that’s not what I’m here to comment on. I’m new to your blog and may be beating a dead horse here but it seems to me that the government is doing what a lot of financially destitute people have done or have thought about doing recently. They know they can never recover from all the debt they have accrued so let’s max out every loan and credit card and then declare bankruptsy! I’m not attempting to cast judgement on anyone for their actions but since the governments actions directly affect me and my family, I would like to know what’s going on so I can prepare for it. Thanks for helping us out there larry.
John
Hey Larry,
Thanks for all your considerations and Uncommon Wisdom !
In a crises such as we are experiencing….., when GOLD is ready to start its major up blast…..,
would an investor be better off with his money invested in a lot of small increments in a lot of
different stocks……, or, know the best three or four that have paid the best….., and go heavy
on that 3 or 4 ?
RG
I’m not rich but am socking away over 20k per year into my 401K (like a good citizen was supposed to). How can I protect my 401K from deflation? What are my best options? I’m considering taking out a 10K loan from the 401K to buy bullion and keeping it stashed (but not in a bank).
I am over 65 years young, life insurance policies with cash value that will fall with the dollar. Should I cash out the value and put into GLD and SLV etf’s? Thanks for your advice.
Could you comment on the largest imbalance of them all–the global derivatives contracts overhang, rarely mentioned in the media, but supposedly way over $100 trillion? Does this problem dwarf all others, or is it misleading? If the former, are precious metals the best antidote? If the latter, why?
I jsut remembered I will be on vacation that week and would like to know if there will be a printed version of this seminar or recorded so I can access it later?
Just tell the american people the truth . Please do not sugarcoat things . Please tell congres the American people are fed up with their inability to help people. Congress is overpaid . Also tell congress to cut their salaries and put money into the economy- find employment for 6 million people who are out of work or raise the amount receive in unemployment for all legal claims. Also there are people who are flood victims ( the flood of 2009) Cobb. County, Douglas County and ares near these counties. People need income and financial aid.
Hi there, because i have not got a lot of money i tend to focus on spot gold. Can you shine some light on this topic. Is spot (paper) gold really save?
Thanks a lot from a small investor.
Greetz
Dave Orie, The Netherlands.
I am a subscriber to your Foundation Alliance Program. I have to work and cannot take part in this conference. I hope that you make it available after the fact, on line in printed format for those of us who can’t attend.
Thanks
Phil Alexander
In a portfolio of 1.4 million:
What should I do with my 100K in SHY (1-3 year treasury bond fund) purchased in April 09 and losing ground steadily?
Is it too late to buy more GLD? I already have 115 K purchased in April 09.
What is the best way to buy physical gold and silver?
1) I rolled my life long 401 savings and cashed out my retirement into a 10 year annuity 4 years ago. I only have $166K left of the original $258 invested. It would cost me $11K in penalities from the insurance company and because I am only 58 I would have to pay 10% tax penality tax to pull it out. This is with Western Reserve Life. What should I do to protect what little nest egg I have left?
2) I owe $58K on my primary residence which I have cash that I could pay off this mortage now but would leave me without any savings. Would it be better to hold on to the cash or pay off the mortgage. What will my cash be worth when these theives get done?
If I decide to follow your recommendation’s to purchase foreign stocks, what happens to their value as the dollar tanks?
The thing im most concerned about is,if I were to invest a six figure amount will the Feds be advised of this transaction so they can have a continual tax base on the full amount?
Hi Larry, I follow you and Dr. Weiss’ pundits, even thought I got wiped out in the “tech wreck” a few years back. Wish I had found you then! Have to now be uber conservative. What is you view for “widows and orphans investments”; CDs with a local bank, Treasuries (at the rate they are blowing them out to the world, I can’t see how that would continue to be safe?), silver, or what? Thanks for your comments.
What can you do if you are not in the Stock Market? If your money is tied up in an IRA Fixed Annuity and you are unable to access it without an extra 10% penalty from the IRS for the next 5 years?
Best offshore investments, especially real estate, and best countries to retire.
please direct part of the instruction to people who are not well versed in stock issues etc. We are not
high rollers, not stupid people, just not well versed in these issues. Because my husband is on Social
Security times are scarey and we are now dealing with stuff at our ages that we never expected to
encounter in our lifetimes.
I probably will not be able to view this live. Please let me know how I can retrieve it on a delayed basis.
check out brco they have just struck gold in the tar sands of alaska.
I am a newbe & find you talk in a fashion that actually gets into my brain, (not trying to bring you down to my level by that statement so don’t hold it against me). How do you see investing in silver vs gold? There is an historic ratio between them, (but I don’t even know what it is) & will it get back to it or are those days gone?
Thanks
Hi, Larry,
What is your reaction to what appears to be an attempt of George Soros to profit by influencing the various radical group Obama has surrounded himself with in accellerating the collapse of the US dollar???
We know we are going into huge debt as a nation. I would be interested in understanding how we got out of this after Regan? Was our budget actually balanced under Clinton. Maybe examining this might lead to an understanidng of any potential for the cycle to reverse?
Hi,
Here in South Africa our internet is not very good and slow,webinars are thus often a big frustration.
Is it not possible to post the webinar as a video the next day.
Thank you and keep up the good work you do in these scary times.
Koos
There may be opportunity in the wood, but carpenters are not using their tools; just as money managers keep their pockets full, instead of investing time and talent in the USA.
I read this AM that the NBA will consider Russian investors to build teams and stadiums here.
The value of the dollar is important, but so is the way it is used or not used!
The solution is a Banking System that can compete and intimidate the gurus who hold the purse.
Can you comment on a Credit card system using the social security trust fund, for contributors/workers. With a reasonable interest and insurance, the interest could grow SS, the economy as well as pay for universal health care, education, mandates etc. Think and Do!
Larry, I will be out-of-town without a computer during the Oct. 6 presentation. Will we be able to access the presentation later?
With gold at its highest level, I prefer an alternate hedge. Why are Chinese and other Asian equities not as effective, even if a bit more risky.
M.B.
Larry,
I have been following you quite closely and watched and listen so I could read between the lines, and found that you are knowledgable, but more so, I read that you are a straight up guy.
My question is about Gold. What is you feeling on Perth Mint in Australia; this is what they offer:
Benefits include:
100+ year-old mint, wholly owned by the Government of Western Australia
AAA rated by the U.S. international credit rating agency, Standard & Poor’s
Precious metals lodged under the PMCP, are insured by Lloyds of London (gold, silver & platinum)
FREE storage for unallocated metal (100% stored by the Perth Mint, at the Perth Mint in Western Australia)
Minimum opening investment is US$10,000. Minimum subsequent transactions are US$5,000.
A 2.25% service fee applies to non-model state residents and retirement accounts (3% service fee applies to model state** residents) and a $50 certificate fee. A $.25/oz surcharge applies on unallocated silver purchases only. A 1.25% service fee applies to liquidations .
Looking forward to hearing from you…Ela
What do you recommend I do with my investments to protect me from Inflation, deflation, and our
government who has lost their minds and wants to take our hard earned money from us and give it to
those who never worked for it?
What do you recommend I do with my investments to protect me from Inflation, deflation, and a distruction of the dollar?
Would like to know what your views are on whether silver or gold will see the most price appreciation as the dollar sinks.
Could you please comment on what startegies Canadian investors can use if different from US investors?
as a UK resident and taxpayer, most of my portfolio is structured in UK £s. In this global market UK is in a broadly similar state of debt as the USA. What should we be doing in tandem to protect our assets and present day value?
I hear a lot about gold but not a lot about silver. Some say there is a coming shortage in silver. The price of gold is more than 60 times silver. Do you think this ratio will hold or is silver due to rise faster than gold?
Can you forsee how other currencies e.g. UK ’s £ will be involved?
Hi Larry!
Thanks for everything that you are doing to try to help us protect ourseleves financially from the coming financial ruin of the U.S. I also wanted to thank you for your wise market and trading/investing advice over the years. I have subscribed to your Real Wealth newsletter for about eight years.
My questions are:
1) How can the interest rates on Treasury bonds be staying so low unless the Fed is monetizing the debt by buying the Treasuries? What is really going on here?
2) Should we be storing food and other supplies, and growing a garden to weather this finanical “depression”?
Thanks, Louise
Hi,
Read your letter with great interest.
Then opened my spread betting account, and just the opposite.was happening.!!!
The Dollar was up against all currencies. eg $/£ up 284 $/Cad up 150 $/Chf up 024 $/Sek up 760. $/Nok up 320 $/Dkk up 260 $/Euro up 67
Couldn’t understand it with all the negative news………What is going on.
should we hold financial reverse fund or not
In your online seminar, I’m interested in understanding the relationship between inflation & interest rates & their connection with a future devalued currency. If or when the dollar is devalued, what will be the outcome of those holding 1) precious metals, 2) real estate, 3) market portfolios, 4) savings, 5) etc? How do we prepare for such an event & when would it likely occur? Thanks.
I have all my savings currently in 5 year CD’s earning over 5%. I moved everything there last year to avoid losing in the stock market crash. I can’t move anything until 2013 without penalty. What should I do.
JP
Hi, Larry:
I am looking forward to your presentation. Been investing in German hotel and commercial real estate stocks in Euros, and in US, in Apple Reit programs at 8 % return. Question: What should I do, up my account in Europe, or keep feeding my US investments? Also considering buying Gold at the next down according to video presentation beginning of October and perhaps win some in December at the next forcasted high. What’s your thought on this? Marianne
Hi Larry,
Thanks for putting yourself ‘out there’ and sharing your thoughts with us.
For those people in Australasia who have a strengthening currency what are your recommendations on precious metals? Are there better investments? Will the decline of the US dollar eventually drag the rest of the world down or will the rest of the world cast the US adrift? Cheers
Where will GOLD go to.
Larry,
Although I still feel America will fall from its heights,, as it has been doing the last few years, I am becomming more doubtful. I see and realize all the many negative things happening around us, but am also wondering if the Country can rise above it all and come out a winner as in the past. People can say how things are worse today, than in the past 75 years, but many have been saying this for the past 40 years.
In the 1970’s. followed the advise of others, predicting how America was in for a down fall like never before seen. I listened to those predicting the demise of the USA, the dollar among many other things. However, even though I made money, America has yet to fall. I was afraid to get in the market, while my friends were making a killing. I was always afraid the end of the good life here would be ending soon.
When Harry Brown, one who felt America would drop to its knees in only a few years and everyone should sell their holdings and buy Gold. I did buy Gold and have made profits, but so did many venturing into and playing the market.
I look back and see many predictions made in the seventies, being made today and must wonder if one will have to wait another 40 years or more, until the US stumbles badly. I realize we will have a big adjustment, but being in my 70’s, once again I am waiting for the greatest finical situation confronting America since 1929.
What i want to know is what one should do now, as I was instructed in the past or ride things out as before?
Sincerely,
Lew
As retirees we appreciate your expertise/knowledge. We subscribe to TFA,MCP & Real Wealth. If 401K accounts were seized and merged with Social Security system they would end up worthless. We also know that Gold may be confiscated, as it was in 1933. With the $ in long-term decline, physical Gold is mandatory. Krugerands seem a good buy, but Perth Gold Certs sound interesting as well, since they have a branch in Panama. Have also heard that Site Drafts can be used to transfer gold to foreign depositories. Would it be prudent to use a site draft and have a Canadian bank account in order to get the gold out of the U.S. and into a Canadian safe deposit box? Any info or comments you can pass along?
What about Brokerages like Interactive Brokers that allow you to denominate your account (even on a daily basis) to change to a stronger currency? We also heard of a company that takes your 401K/IRAs and puts them in an LLC. This would allow one to buy foreign real estate as well. Confused and apprehensive. Thanks. JD
Where do you see the Euro and Swiss Frank going to during the US $ collapse, will the Euro also get hammered as being too overvalued ? What about the Swiss Frank which is still backed by Gold, be a safe place to place ones liquid cash ?
Mr Edelston , you oppinion on the IRAQI Dinar? Kuwait dinar sank way down when Mr Bush the elder went to war , now the Kuwaty dinnar is way up , same senerio in IRAQ , before the war the dinar was $3.40 now it is below a penny? Your oppinion please, Thanks, SV
Is it better to invest in gold orin gold mutual funds?
What about So. Amer. (Brazil) mut. funds? Also China and other developing nations?
Are there countries practising sound money principals and is it worth buying into those currencies in lieu of the world moving away from the US Dollar?
How can gold be utilised to protect purchasing power as the value of our dollar falls?
Could you comment for a moment on some plebeian basics like the benefits of paying off the mortgage and being debt free. We are about to burn the mortgage. Both vehicles are paid for and credit cards are pay-as-you-go. I have switched our 403-b to precious metals and asian markets and the best energy mix I could find among what choices we are allowed. We plan to invest part of the money we’ll have with the mortgage being gone. At last we’ll be able to buy into what we want instead of mutual funds from a list. How much does being debt free help us in what is coming? We are both just 60.
I am sure you have already considered these points.
My interest is to get a better idea on these points.
When do you think (month/year) severe economic downturn will be triggered. At the moment everthing is being held. Or do you think it will be delayed or totally everted.
What event may trigger such a downturn?
What are the best means to preserve any wealth. Is it good to have real estate, gold or other physical assets?
Is it better to rent?
Will food prices rise?
Which countries will be affected the most?
Will such events lead to war?
Thanks
Tell me if you can what you know about the U.S. Treasury Approval of Gold Dollars as legal tender? Peter Schiff seems to believe it could prove to be a smart investment??
I have gone along with the inflation thinking, and have loaded up with gold.
I’m beginning to wonder why the newly created money is not getting into circulation–is it because banks are
shoring their balance sheets, rather than loaning it out?
China mined more than three times the amount of gold they added to their reserves, the rest went on the
market. With estimated supply at 5000 tonnes this year and demand about half of that, what will keep the
price going up? I am beginning to have second thoughts–is deflation on the way?
How does all you say about the U.S. dollar and the rising price of god effect Canadians and is it wise to invest in gold at this point.
I’m sixtyfive and retired, should I payoff my mortgage using half of my savings ? My current interest rate is 5% adjustable yearly at no more than 1%. I’m relying on my savings to supplement my ssi. Thanks. D.M.
I was just wondering if you could mention any Australian companies worth investing in or even what sectors you would invest in . My current investments are generally based on your real wealth report, they are santos and woodside, rio tinto and lihir gold and csl
ARE SHORT TERM TREASURIES STILL THE SAFEST PLACE FOR OUR MONEY ?
Hi - Looking forward to the 10.06.09 webinar. My question is: if I only have $5000
available for investing right now, which 4X currency ETF would you reccommend?
I have been tracking Canadian Dollar, Euro, and British Pound. Thank you.
will Canadian dollar be effected along with U.S Dollar?, and how to play currency game to take advantage of this whole scenerio
Regards,
Nadeem
We are 72 years old, totally in short term treasuries with only other asset of a totally paid for
house that we live in. We know nothing about even opening a brokerage account. What
are we to do?
Please advise.
Thanks!
Lois Schnapp
FX is my main interest… I am new to ETFs and have trouble understanding information that I have received from Weiss in the recent past. My problem is that I would persue investments/trades without brokers… is it possible for me here in Alberta, Canada?
TY, yelloweye
I own a multi million dollar trust fund and have tried to talk with the holders of that trust about these issues in hopes to protect the trust. They provided me with the answers I was already assuming they would. They tried to pacify me and tell me that it is all going to be fine and I wont lose any of it if the dollar colapses, which they firmly believe will not happen. What do you think I should do?
Would you buy natural resources ETFs and if so which ones????
IF YOU BOUGHT ETF NATURAL RESOURCES WHICH ONES WOULD YOU BUY????
I’m a baby boomer in my late 50s and I remember reading in the school history books that in the 30s the US government confiscated gold and then hiked the price. Since ALL major countries except maybe China have horendous debt levels, won’t ALL major countries confiscate gold-giving us no protection at all? Then they’ll hike the price? I welcome your comments. Thank you for your time.
My financial portfolio took a dive when I fell cleaning my pool. I need divine intervention to restore it. As a family nurse practitioner I am seeking a position to get back to work. Any thoughts? I need real wealth and happieness again. Love Paulette
Larry
You will be thrilled I am here again.
Wave 3 of 5 Down begins.
Target #*))
I can not type the number.
Dollar will have maybe three waves up. At least I still think so. Then down.
Euro gets clobbered also.
On Glenn Beck show, I counted 5 Gold Adds.
It is happening every hour it seems now even on the radio. Kind of scary. Reminds me of 1978.
I can not find anybody bearish on Gold.
Larry
I am interested in all effects of the dollars increasing devaluation and particularly in it’s detrimental effects on the following:Allianz and Jackson Life Annuties;PF69&70 graded and MS69&70 graded gold and silver collectors coins;and utility stocks,like Dominion Resources,Ameren,Verizon,AT&T. Thank you,Dennis.
PS.Should one invest in regular gold and silver,as well as,investment grade coins?If so,where do you get the best price,safest place to keep,etc..Thank you,Dennis.
Here are some comments from Schaeffer Research. What is your opinion about the increased short interest on GLD? Is it significant and how does it affect your view or not?
Sector
Gold
Neutral
Outlook: Gold prices continued to see-saw around the $1,000 an ounce mark last week, though the malleable metal’s finish above this psychological level is a mark in the bulls’ favor. Gold also benefited from a pullback in the U.S. dollar last week. Technically speaking, gold has once again rallied into long-term resistance near the $1,000-an-ounce region. Gold has challenged this millennium mark five times since March 2008, and has been soundly rejected in each instance. Elsewhere, the SPDR Gold Trust (GLD), which tracks the performance of gold bullion, has been stymied by round-number resistance at the 100 level. The trust created a double top near the century level earlier this month, and it has since pulled back sharply. Meanwhile, gold’s 14-day relative strength index (RSI) has turned lower from overbought levels seen before the precious metal broke above the $1,000-an-ounce region. What’s more, short interest has spiked on GLD, a development that could be related to hedge funds buying gold futures. We saw a similar development in last 2008 and early 2009, which turned out to be bullish for GLD.
With falling dollar and extensive work to be done on primary residence is it better to do it now or wait for dollar to fall and in any case is it better to try to get a loan to cover it or to pay outright by taking from MM account.
Larry, it’s my understanding that we are waiting to hear from you before we add to our core gold positions - please advise
Larry…..please comment on water and its’ vast potential for investing dollars! I just had a good water port trust redeemed and want to find ( good investments ) in the world water supply. Tell us something soon in your Real Wealth Reports - or anywhere! Thx. You are one in a million to me.
dear larry,
there is two ways out of it one you collapse every think and start again or the other is keep on printing money a nd cause hyberinflation is what they are doing, that makes there debt look good.
you look at all the investments put together say comes to 40 trillion now you have 100 trillion bet against it F stupid you have too much debt, same has the uk where were are regulaters and are leaders when all this was going on.
terry shead
Larry, whilst the Gold price is climbing it is only climbing in $US. I live in Australia and the Gold price in Australian dollars is going bakwards. Since my purchase of Gold The price in $US has gone up about 15%, but in $AUD it is down about 5%. This says something about whether Gold is increasing to compensate for the drop in the $US. It might be worth a look at the movement in Gold prices against some other currencies.
The DOW JONES is also in $US so the recent gain to 10,000 is really about 8500 in last years $US value. Perhaps you should adjust the DOW JONES against a basket of currencies and this will tell us the real worth of the DOW JONES.
Regards
James
Larry: In your gold buying recos you suggested bullion bars from Engelhart or Johnson Matthey. How do you purchase through them, or do you need to use a dealer? If a dealer is the answer, which ones are honest and reliable, and if a refiner is the answer, how can you contact them on the internet?
Thanks,
Bill
I have current investment in the new Iraqi Dinar and other investments in Iraq
Do you think Iraq will revalue their currency?
If so what do you believe the CBI rate will be?
Is there a trackable time-line for this event?
Best Regards,
Robert
Question. Since the dollar is oversold and probably overdue for a rally, is it possible for the dollar and gold to rise together?
Larry
A few weeks ago you were expecting a somewhat significant pull back on gold before the next breakout. This didn’t end up happening then but do you see in the near future such a pull back as you anticipated earlier? What about the price effects on the market of the short positions in gold by JPMorgan, HBSC,etc. that I have seen reported elsewhere? Would appreciate your comments on this.
Thanks
Don
Hi Larry,I think your doing just great,its maybe a tall order.Last week you predicted a good week a and things would pick up and it did,great.Now how about predicting the next correction,if,when,depth,length.Cos Im thinking if the DOW falls to approx 950 it might just forget to stop.I know your theory but where is the good news, there is none?In reality the DOW should be at apprx.below zero if that is possible.If the USA was a company it would be bankrupt and forced to shut up shop,and send everybody home.
A the best fae SCOTLAND