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BUY GOLD NOW. THE USA CANNOT HELP ALL THE INSTITUTIONS & SUB PRIME HAS HIT OTHER COUNTRIES. THE FINANCIAL COLLAPSE IS BEING SORTED OUT AS NOW GM & FORD ARE FINDING OUT
Hua Seng Heng GOLD SHOPS note the sign above the road. SO WHATS THE BEST OPTION AS FINANCIAL COLLAPSE NEARS 2011:
Gold is still at an historic low now around 13,600 baht per 1baht as @ Sept 2008 14300baht @ Oct 10th 2008 @ nOVEMBER 2008 DOWN TO 12,000 baht with oil prices following, down from 14,900 baht some 3 months ago.In 2011 gold has hit a high $1700US an ounce as the US $ is not a good currency no more and people realize gold is it. If we look at the ratio between the amount of credit and the amount of gold that's out there, - then we can see that gold represents approximately one tenth of that value. Because we're currently heading toward a real crisis situation, we're starting to see a flight towards things of value, a flight to gold. So the price of gold is going to have to go ten times higher in order to keep pace with all of the paper money in circulation.
Don’t buy gold certificates at the bank because banks can fail & if you have a safety deposit they will lock the bank if they fail so forget that idea. Keep the gold yourself or dig a hole and stick it in the ground or your safe in the wall? It may sound absurd, but if worst comes to worst - and we've experienced it before in the depression and also during the war - then gold and silver are the only currencies that you'll be able to buy food with or that you'll be able to survive off of. Paper money will be useless. Monetary systems have collapsed 220 times throughout history. So it's not crazy to think that it might happen one more time. Living in big cities is not preferable due to problems of riots or the supermarkets running out? You should live close to farmland anyway so that you can provide for food and your own subsistence. Time of crisis will come after the dollar has collapsed? When the ATM's are no longer accessible & when the banks close their doors. It's already happened once in Argentina recenty!! In USA they must borrow $US2b per day just to keep the lights on??? Putting it in a nutshell the USA is broke and they have only themselves and the capitalist Central Bank system that has caused this crises. But they have learn't nothing--Obama needs to cut spending and stop the borrowing but he is too scared or is it too late for the USA. Better they join Britain, Germany and France to take what Libya has??? oil money to pay their bills. CHECK OUT THE LATEST GOLD & SILVER VALUES FOR BULLION
-Why 2012? We had the biggest bubble - the baby boomers that spent the most. The peak of the baby boom was between 1958 and 1962. That is the wave that is now heading in the direction of retirement age all their late 50s and early 60s & the market crash has stalled the once on-course retirement plans of hundreds of thousands of investors. As at Oct 10th . By 2012 this largest wave will already be in decline. That also means that stock markets in the West will collapse. That has implications for businesses that are dependent on consumption, because consumption will naturally decrease. Then we'll probably find ourselves in a heavily deflationary situation. On the one hand prices will fall because businesses will still have to provide goods to the public if they can sustain. On the other hand monetary inflation, which the government attends to will increase. Raw materials and vital necessities will then become more expensive and all hell will ensue as people realize their funds are useless. Forget finance companies & hyped ideas to invest money. If you are starting a business then make sure you can exit it quickly if needed. Many western countries like NZ now its impossible to start a business due to the taxes, kiwi saver schemes and ACC levies one must pay before they start. This is called overregulated economies which is just what NZ is & in debt as well. Gold, silver, as well as savings in the bank are the way to go but be ready to pull your money out and invest in gold. Wait until everything is about to collapse.
Central banks are the ones responsible for creating this system thanks to their "fiat currency system" ( the fiat currency system that we have now is based on trust, trust in terms of paper money, trust in the government who really never can tell a situation will happen. We believe in them as we have no choice so now you can see whats happening ). Since the introduction of the Euro, monetary inflation has been exceeded 10% per year. A lot of people don't know it, but monetary inflation is the real, true inflation so think about your future. Monetary inflation is printing money & thats why we are talking about bilions now not millions. Credit expansion is based on the promise to pay money back. The Central Banks give money to Banks and Financial houses on credit. These Banks lend money to people hoping that it gets paid back because those banks are obliged to pay back the central bank. The central bank approves the credit that the banks lend to individuals and companies. If people are no longer able to pay it back because they've gotten so deep into debt, then the banking sector can't meet its obligations to the central bank either. But in this case Banks were lending up to100% with no equity or no veting of the borrower. That results in bankruptcy. And what we're now seeing - the first signs of this with the credit crisis - is that a few banks have already gone bankrupt. Bear Stearns & now Lehmans & then Insurance Companies like privately owned AIG with many more to come. The US Govt should not bail out the likes of AIG but they have & now you have one man dictating the terms of a Central Banking system & perhaps the collapse of the monetary system -- thats right Paulson! However the bailoput happened and the people are the losers. The winners are the bank execs who are taking home huge bonus payments eg Lehmans.The market crash has stalled the once on-course retirement plans of hundreds of thousands of investors & the losers are the borrowers --people who now cannot pay back the banks. But the situation is the world will get worse and people need to not just use one bank but spread their money around as lenders now ant their money back. Just watch other countries??? and you will then realize take your money out of the banks and invest in gold. Our motto buy SOME gold& silver while its low & maintain assets you have. Most of all don't borrow & keep control of your funds??? The United States will see a period of hyperinflation. At this point in time it is reasonable to expect Gold will rise but all commodities will dramaticly increase in dollar denominated price. I say not only buy Gold, but buy silver. And while you are at it load up on can meat, rice and other non perishable food items.In a fiat money system, where money is not backed by a physical commodity (i.e.: gold). The only thing that gives the money value is its relative scarcity and the faith placed in it by the people that use it. Thanks to the Federal Reserve there is no scarcity of money for the time being. Gold, and many other precious metals such as silver are tremendously underinflated right now. Just try to go out and buy the actual gold coins. You are going to pay a premium over the spot price. The value of the stock doesn’t reflect the value of the metal itself. The stock price doesn’t mean anything. You couldnt’ lose with metals right now. Gold is a must in any portfolio. It is a hedge against the US Dollar, Oil and crisis. There are many critics of gold but as a long term investment it has its merits. In the world of Peak Oil gold will respond. If the dollar starts a reversal gold will perform Source: Pier Stern / Khun Tam & http://www.deepjournal.com
George Soros, the hedge fund legend and billionaire philanthropist, said on the 9th April 2008 the subprime mortgage crisis is likely to cause global losses of over $US1 trillion, characterizing the situation as the most severe since the Great Depression. It is now Sept and AIG, Lehmans, Bears & Stern, Washington Mutual Inc, Icelandic bank, California-based IndyMac Bank etc have collapsed and many more to follow. Analysts project another 150 banks could collapse. Now in 2011 the USA downgrade is blamed on bad government policies and spending. We have yet to see subprime hit Thailand --- it will as the banks are saying nothing yet hiding behind a charade & the politicians are more concerned about getting ministries & fill their pockets more. Condos in Bangkok are plentiful and Property Investors are saying there is not enough condos here but they normally say this so people will invest. If you borrow you are in for a shock. If you have excess funds to play with OK but stay away from fund managers & hold on to your money --- better still listen to us and buy condos only not 30 year leases under Estate managements and just buy what you need in 2009. But check out the condo and Company first if they have mortgages? The rest invest in a little gold & silver is our fix. . [ Read more about Fund Managers ] & why you should stay away from them then read the latest on why there will be a [ 2008 DEPRESSION ]
To buy SILVER BARS IN BANGKOK or TRY KITCO https://online.kitco.com/bullion/index.html If you are unsure of a gem shop in Bangkok contact the Tourism Assistance Center, Tourism Authority of Thailand, Le Concorde Building, 202 Ratchadapiser Road, Bangkok 10310. Tel: 694-1222, ext. 1090-1094, or the Thai Gem and Jewelery Traders Association, 942/152 Charn Issara Tower, 15F, Rama 4 Road, Bangkok 10500. www.tgjta.com , email tgjta@mozart.inet.co.th or telephone 267-5233-6. [ CHECK OUT GOLD SCAMS ] [ Check GOLD RATE ] [ Why buy GOLD 2011 ] [ Read George Soros Crises report ] [ Thailand in Crises ] [ Depression looms 2011 ] [ Depression safeguards ] [ Investment property guide] [ Borrowing money] [ Using Thai Company to hold Property ] [ Best Option for foreigners buying ] [ More Thailand Finance News] [ Pension Funds ] [ Depression looms 2011 ] [ Hedge funds 2008 ] [ Investing fund guidelines ] WHY YOU [ DO NOT INVEST in Finance Companies ] [ Buy Gold not shares in finance companies ] [ Thai Property Speculation & Sub Prime crises ] THAILAND & CHIANGMAI TOURS TREKKING AND TOURS IN NORTHERN THAILAND
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