Dad Tells Son “Buy Gold,” CNN Says “Risky In the Extreme”
Our handlers at mainstream media outlets, who speak to us through puppet pundits, wouldn’t dare advise us to partake in an activity such as buying gold. That’s for Dad, that man who inflicted so much childhood trauma unto us, to suggest.
Contrarily, mainstream media advises us against precious metals in bombarding fashion. Check out this question posed by Kevin in Tell City, Indiana to CNN Money. Most likely an ardent reader of the site, I am sure that Kevin knew the troubling advice of his father – which goes against everything Big Brother media has suggested to him – would be negated by the NPR-prose of the Pentagon co-managed CNN. Kevin’s question is italicized, the writers’ answer is in standard font, and my commentary in bold.
(Money Magazine) – I’ve saved about $10,000 in a checking account that I’m now ready to invest. My dad says I should buy precious metals but I’m not sure this is a wise choice. Can you give me some advice on how to invest this money? — Kevin, Tell City, Ind.
This is where the State jumps in in 1984 fashion, only to do its job imbuing son with distrust of his fathers’ many years of experience on the planet. The all-knowing CNN knows best. Clinching the deal is that the tool who answers the question, Walter Updegrave, is this guy:
Come on, Kevin – do you really want to take financial advice from THIS guy? This guy is not cool. This guy also is not smart. This guy can’t see terrestrial economic trends with that telescope, let alone anything extraterrestrial. Updegrave answers:
I’m sure your dad has your best interests at heart, but I’m going to suggest that you ignore his advice to invest your ten grand in precious metals.
Because I represent the powers-that-be, unwittingly, and am a major tool.
Precious metals are one of the most volatile investments you can own.
Ignore the two hundred points down-days on the stock market, the flash crashes, and the prospect of a new banking crisis. Double-think, Kevin, double-think.
Silver skyrocketed to a 75% return over the course of three months early last year, only to quickly flame out and give back nearly all those gains by year-end.
Such ups and downs are great if you believe you can profit by jumping in and out of precious metals at the right time. But consistently timing such moves isn’t realistic.
However, Kevin, I won’t touch on long-term trends because I might lose more hair.
And while precious metals have had a good run over the past 10 years or so as stocks have floundered, they can also stagnate for very long periods. All in all, the track record for precious metals like gold and silver many decades isn’t very compelling.
Just like civilization and its fiat based economic pyramid itself seems to be stagnating.
So the idea of going with precious metals as your first and only investment strikes me as risky in the extreme.
Here’s a better way to make the transition from saver to investor.
First, while I understand you’re eager to invest, you don’t want to be forced to sell investments every time you incur an unexpected expense. If you don’t have other cash set aside, carve out a piece of your $10,000 and keep it in an FDIC-Insured Account. It won’t earn much there, but the point is to have money available for emergencies so you don’t have to raid your investment accounts.
After you’ve taken care of that, you can move on to picking investments.
So what Updegrave ultimately suggests is that Kevin not use all of his money as an investment and put some aside for an emergency, which does not fall on deaf ears here at SV. What he then goes on to suggest is that an FDIC-insured account can be trusted in the current environment. The truth of the matter, as demonstrated by MF Global, is that no money in any financial institution is safe. The only safe place for cash is in untraceable locations.
After that, the best investment for an individual with only $10,000 put aside -especially if young- is, first and foremost, silver. Silver is basically the only commodity cheaper in 2012 than it was in 1980.
Kevin – do not listen to Walter. He is a prick and does not know what he is talking about. He is a mouthpiece for an organization that is beholden to behemoth banks who need you to believe in them so that they can carry on their eCONomics. It is time for you to research the History of Banking in Western Civilization and understand the deeply entrenched interests who do not wish you to own gold or silver – which are actually types of money and not investments, as I already mentioned – for they need you to use their money, the fiat currency of your country. In your case, this is the US Dollar.
The US Dollar is used to fund vicious wars which destroy the nations of families and friends. These wars are used to consolidate power in such a way that will ultimately harm you more than it already is.
Your dad is right, Kevin, buying gold and silver is the best way for you to protect your labor (now in the form of wages, which are now your savings) in the face of something not mentioned in your Q & A with “Walter,” inflation and, most likely ultimately, hyperinflation.
There have been more money printed than the human mind by itself can understand. This then automatically means that there is much more paper than there is stuff in man’s ecological niche. If we base our entire social and economic collective episteme on this fog of paper, civilization will ultimately collapse in on itself, no longer able to be supported by the natural environment on which it rests.
Kevin, do the right thing, and turn away from the mainstream media. Instead, Crash JP Morgan – Buy Silver.
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