On a year-over-year basis, gold has fallen more than 2 standard deviations. Following these intense lows, gold has historically rallied. Experts and analysts agree that today is a great time to buy gold and buy silver and hold it long term. Read...
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FOR IMMEDIATE RELEASE
PRLog (Press Release) - Mar. 30, 2013 - NEW YORK -- International investors had to muster the courage to help keep calm as news of Cyprus' proposed partial theft of all bank deposits took Wall Street by surprise, closed the country's banks and drove the gold prices greater. The thoughtless concept was intended to capture a portion of the $31 billion in bank assets held by Russians. According to the Financial Times, Cyprus has created a "well-earned reputation for being a haven for dirty cash from Russia." Learn more >> http://www.gold-
Even though Cyprus' government came to its senses and blocked the proposed seizure, the harm has been done. To many individuals about the globe, raising earnings taxes might be one thing, but altering the guidelines to steal hard-earned savings from all citizens rattles their confidence. What Adrian Ash of Bullion Vault says is "most amazing" about this scenario is the fact that "small savers are no longer sacred."
It is outstanding to see the response from Cypriots, as they protested in the streets, with "NO" stamped on their palms, demanding the government take its hands off their cash. It is refreshing to see their pushback to sanity.
How did this tiny island make it in to the European Union (EU) in the first place? The Financial Times gave an insightful background: "Many EU leaders had been deeply reluctant to admit Cyprus in to the union in 2004, with out a peace settlement that reunified the island. But Greece had threatened to veto the whole enlargement of the EU - blocking Poland, the Czech Republic and also the rest - unless Cyprus was admitted. Reluctantly, EU leaders succumbed to this act of blackmail." What do the experts have to say about gold and silver prices? Learn more >> http://www.gold-
5 years later, we're seeing the fallout of Cyprus due to Greece's monetary woes. Many accuse Greece of cooking the books to get in to the EU, and after that the nation proceeded to blackmail the EU at the expense of other European nations.
Crooks get punished, but what about others who unfairly change the guidelines or break them? Think back to the anger generated by the Ponzi scheme run by Bernie Madoff, who lost $20 billion in money. In addition, $65 billion in paper wealth vanished. He's serving 150 years in prison, his son committed suicide, and he'll forever be recognized as a thief as well as a rat.
In Gold We Trust
Since the international monetary crisis started, there is been a rash of poor financial choices from socialist policymakers scrambling to bring in more income to cover their overspending. Instead of streamline regulations to facilitate trade and flow of funds or reduce back on welfare applications, they'd rather maintain the status quo and increase taxes.
In Greece, difficult cost-cutting austerity measures had been shot down following organized unionized workers that were rioting in the streets. France's socialist president, Francois Hollande, has been attempting unsuccessfully to increase the top income tax rate to 75 % in an try to "squeeze fat cats and hit the mega-rich, making them bear the brunt of "sacrifices' required to repair public finances," according to The Guardian last summer.
In Hungary and Italy, we have noticed the unintended consequences of envy policies following implementing a monetary transaction tax.
These kinds of "envy policies" that could be frowned upon by Moses on Mount Sinai are not only taking place across the Atlantic. Lately, Gene Epstein from Barron's compared the U.S. debt scenario to that of Greece's. He writes that national debt could "easily attain 153 % of economic output by 2035" and unemployment could climb as high as 20 %, however the answer does not lie in "asking the wealthy to pay a bit more." He says,
"Barron's calculates that instantly growing the marginal tax price to 50% around the top 1% of the country's earners would bring in $500 billion over the next ten years. This would barely dent the country's debt load, which would then be $20 trillion, and do little to forestall a monetary crisis."
Experts think poorly thought out government policies hurt the formation of capital and destroy people's trust in paper cash. Leaders might have great intentions, but a few of their actions show disrespect for private property and individualism.
This only reemphasizes gold as an essential asset class. It might be perfect timing for investors to become reacquainted with gold, as the charts show that the yellow metal seems to be oversold. On a year-over-year basis, gold has fallen more than 2 standard deviations, an occasion which has seldom occurred over the previous ten years. As we have indicated before, following these intense lows, gold has historically rallied. Experts and analysts agree that today is a great time to buy gold and buy silver and hold it long term. Learn more >> http://gold-
Photo:
http://www.prlog.org/
Even though Cyprus' government came to its senses and blocked the proposed seizure, the harm has been done. To many individuals about the globe, raising earnings taxes might be one thing, but altering the guidelines to steal hard-earned savings from all citizens rattles their confidence. What Adrian Ash of Bullion Vault says is "most amazing" about this scenario is the fact that "small savers are no longer sacred."
It is outstanding to see the response from Cypriots, as they protested in the streets, with "NO" stamped on their palms, demanding the government take its hands off their cash. It is refreshing to see their pushback to sanity.
How did this tiny island make it in to the European Union (EU) in the first place? The Financial Times gave an insightful background: "Many EU leaders had been deeply reluctant to admit Cyprus in to the union in 2004, with out a peace settlement that reunified the island. But Greece had threatened to veto the whole enlargement of the EU - blocking Poland, the Czech Republic and also the rest - unless Cyprus was admitted. Reluctantly, EU leaders succumbed to this act of blackmail." What do the experts have to say about gold and silver prices? Learn more >> http://www.gold-
5 years later, we're seeing the fallout of Cyprus due to Greece's monetary woes. Many accuse Greece of cooking the books to get in to the EU, and after that the nation proceeded to blackmail the EU at the expense of other European nations.
Crooks get punished, but what about others who unfairly change the guidelines or break them? Think back to the anger generated by the Ponzi scheme run by Bernie Madoff, who lost $20 billion in money. In addition, $65 billion in paper wealth vanished. He's serving 150 years in prison, his son committed suicide, and he'll forever be recognized as a thief as well as a rat.
In Gold We Trust
Since the international monetary crisis started, there is been a rash of poor financial choices from socialist policymakers scrambling to bring in more income to cover their overspending. Instead of streamline regulations to facilitate trade and flow of funds or reduce back on welfare applications, they'd rather maintain the status quo and increase taxes.
In Greece, difficult cost-cutting austerity measures had been shot down following organized unionized workers that were rioting in the streets. France's socialist president, Francois Hollande, has been attempting unsuccessfully to increase the top income tax rate to 75 % in an try to "squeeze fat cats and hit the mega-rich, making them bear the brunt of "sacrifices' required to repair public finances," according to The Guardian last summer.
In Hungary and Italy, we have noticed the unintended consequences of envy policies following implementing a monetary transaction tax.
These kinds of "envy policies" that could be frowned upon by Moses on Mount Sinai are not only taking place across the Atlantic. Lately, Gene Epstein from Barron's compared the U.S. debt scenario to that of Greece's. He writes that national debt could "easily attain 153 % of economic output by 2035" and unemployment could climb as high as 20 %, however the answer does not lie in "asking the wealthy to pay a bit more." He says,
"Barron's calculates that instantly growing the marginal tax price to 50% around the top 1% of the country's earners would bring in $500 billion over the next ten years. This would barely dent the country's debt load, which would then be $20 trillion, and do little to forestall a monetary crisis."
Experts think poorly thought out government policies hurt the formation of capital and destroy people's trust in paper cash. Leaders might have great intentions, but a few of their actions show disrespect for private property and individualism.
This only reemphasizes gold as an essential asset class. It might be perfect timing for investors to become reacquainted with gold, as the charts show that the yellow metal seems to be oversold. On a year-over-year basis, gold has fallen more than 2 standard deviations, an occasion which has seldom occurred over the previous ten years. As we have indicated before, following these intense lows, gold has historically rallied. Experts and analysts agree that today is a great time to buy gold and buy silver and hold it long term. Learn more >> http://gold-
Photo:
http://www.prlog.org/
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