Where to Now?

Okay…

So, we’re seeing a bit of a pullback here to around the $1400 range, apparently because of the Syria situation, but then again, who the hell knows the real cause of anything when the government, industry and money are concerned.  We definitely do know that the objective of the first two (government & industry) is always the last one (money).  Gold is looking surprisingly strong in the face of a strong dollar move, as many are convinced that US military intervention is not a question of “if,” but “when.”  So, what do we gold holders do?  Simple — wait.  Simply waiting, however, is not always easy.

In times like these I find it beneficial to spend more time away from the news and the computer, which is the reason for the delay between posts.  I have been getting a bit caught up lately in thinking about the future; thinking about the exit strategy for the metal that I have accumulated over the years.  I ran across this video today and I think it strengthens our resolve to find alternatives for our savings.  Have a watch and we’ll discuss…

This vid offers some good reasons to stay away from the big banks.  One of our alternatives is cash saved at home, but our fave, of course, are the metals kept in our possession.  And we are not alone.  More and more folks are joining us everyday to include my brother and all of these people.

As mentioned, I’ve been thinking about what to do when it comes time for selling.  As this next climb in price continues, this time with more friends joining us in ever-growing numbers, a sense of dread begins to rise from the depths of my dread glands.  I begin to think at first, then to believe that the government, in its perfunctory pursuit of power & profit, will not (cannot?) reward the gold and silver investor with a windfall.  As our precious investments rise in value, I wonder what will be our fate?  Will our 28% tax requirement grow equivalently to 40%, 50%, or more?  Or will it be that the govt. chooses to confiscate our golden hoard?  If you scratch just beneath the surface, you’ll see that the situation of our country and of the world is dire.  How bad is it?  Here’s an excellent article on the steps that a desperate government will take to maintain control.  Anything look familiar?  That’s some cheery stuff…

In the article, they mention a couple of measures we can take to protect ourselves.  They suggest “internationalizing” our assets – storing our cash and metals in Singapore and similar locations whose numbers and availability seem to be steadily shrinking.  I don’t know about you, but I haven’t got that kind of money.  We’re doing alright, but just trying to get my head around internationalizing my assets makes my head ache.  Singapore?  Seriously?  I think about loading up some of the metal and heading north to Canada to a safe deposit box there as a possibility, but that’s a fairly big ordeal in itself…

Well, here we go again.  When I find myself concerned and worrying about the future is when I know that it’s time to let it go and leave it to a greater power — and I’m not talking about the government.  I suggest you do the same.  Things are getting mighty noisy right now.  As always, stay focused on what’s important.  Things will work out exactly as they need to and no amount of worrying will make a damned bit of difference.

We’ll have something a little more concrete for you next time.  Thanks for reading.  J.