Wednesday, September 17, 2008

Gold Gains $100 in 24 Hours - Silver up 17%

In the last 24 hours the spot price of Gold has shot up over $100. This is a gain of over 12.82% in just 24 hours! Silver is also up an astonishing 17% in the same 24 hour period! Many investors are fleeing the carnage of other investments and seeking the safety of Gold and Silver. Have you got some yet?

Look at the following 24 hour charts for Gold & Silver:





Gold and Silver, in your physical possession, are some of the very few assets that have no corresponding liability.

Here's what this means:

Money in your checking account or brokerage account is an asset to you but it is also a liability to the bank or brokerage that owes you the money. When someone owes you money, there is always the very real risk that they will default on their obligation to you. This is what is currently happening in the financial markets as we speak.

When you own physical gold and silver in your possession nobody can go bankrupt on you. Read that last sentence again in light of current market developments.

The current financial system is cracking and there is a very real possibility of a full-blown financial meltdown. If this happens, you will be glad you protected yourself with physical gold and silver.

To consider what can happen to the money in your bank account you only need to look at what happened just seven short years ago in Argentina. The government froze bank deposits and people could only pull out $1,000 per month! Here is a direct quote from the news story:

"Because of the run on cash, former President Fernando de la Rua and his economy minister Domingo Cavallo on Nov. 31 made a controversial decision; for a 90-day period, individuals could withdraw only U.S. $1,000 per month in cash."

Here is a link to the full story:
http://www.atmmarketplace.com/article.php?id=2381

While people could not access their cash it dropped 60% in value over a 90 day period.

If you do not currently have some of your liquid assets in Gold & Silver, consider yourself warned and do what you can to change it.

Of course, we can get you some of the best deals on physical Gold & Silver shipped right to your door. Contact us at 866-575-5020 for details.
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