What the true price of gold should be at, over $9000 per ounce, The Brenton Woods Agreements
What the true price of gold should be at, over $9000 per ounce,
per the standard of The Brenton Woods Agreements of circa 1944
Pegging a nation’s currency to a gold standard.
President Nixon took the US off this pegging standard.
Listen to global economic expert Bert Dohmen speak on this.
http://www.dohmencapital.com/index.htm
Here is why ? The "shadow gold price." (Per the Brenton Woods agreements of pegging any nation's currency to gold standard, circa 1944 for post war reconstruction)The victors of war wanted war reparations paid back to them in gold. (the invention of the gold standard)
This shadow price is derived from the "Brenton Woods formula for valuing money in a gold-exchange regime (i.e., the fixed value of a currency equals its monetary base divided by official gold holdings). Under this formula the exchange rate of the U.S. dollar to an ounce of gold would be about $8,250 presently, a figure that reflects the amount of monetary base inflation already engineered by the Fed. (The U.S. monetary base approximated $2.15 trillion in September and reported official U.S. gold holdings have remained relatively constant at about 8,133.5 metric tons or about 261.5 million ounces.)"
Convert all savings, CD's etc to gold and silver now! "real money" Better to have your CD take a hit, then let it sit there and become worthless.
Having savings converted to silver and gold will protect savings from inflation and even worse, hyper inflation (the Bible warns of coming last days hyper inflation) Revelation 6:6 And I heard a voice in the midst of the four living creatures saying, "A quart of wheat for a denarius (a day’s wage then, one thin silver dime), and three quarts of barley for a denarius; and do not harm the oil and the wine."
Gold has never gone down in value! Watch this short report proving this http://mcalvanyweeklycommentary.com/01-11-12/
Lots of places sell gold and silver. Keeping it safe is something to think about. A safety deposit box etc except there is a hassle factor for converting back to cash when needed.
Monex of Newport offers depository services for your gold and silver coins
When ever you need cash just call them up, tell them you want to sell some silver or gold and the next day, then they will wire the money to the bank account of your choosing. Easy!
By law they have to keep the gold and silver on site.
My advisors are sharing get both silver and gold, half and half.
Contact Josh at Monex 1-800-444-8317 ext 2154 http://www.monex.com/ and he can explain more about the various services offered at Monex.
Again lots of places sell silver and gold coins. Monex of Newport has been in the biz for a long time and offers a depository for storage and convinces of conversion back to cash and wired to any bank account when needed.