Was President Obama’s decision to sell off oil from the U.S. emergency oil reserve in an attempt to drive down oil prices the right move? Probably not. Consider the following from the National Inflation Association:
The U.S. Strategic Petroleum Reserve is the world’s largest government-owned stockpile of emergency crude oil reserves and is maintained by the U.S. Department of Energy (DOE). It holds 727 million barrels of oil reserves at four different sites along the Gulf of Mexico. Considering that the U.S. is releasing 30 million barrels of oil from these reserves, we are reducing the size of our emergency reserve by 4.1%.
… It certainly wasn’t worth jeopardizing the homeland security of this country by reducing our emergency oil reserve by 4.1%, just to see a $4 reduction in oil prices that lasted for only 3 days. If the White House had any faith whatsoever in Bernanke’s assertion that rising oil prices are only transitory, there would be no reason to release 30 million barrels of oil from our emergency reserve.”
We agree – and find it another compelling reason to buy gold today and create your own gold-backed savings account. Remember, whenever they want, “China has the power to set off in our country the economic equivalent of a nuclear bomb. Priced in terms of real money (gold), oil prices haven’t been rising at all. The Federal Reserve’s QE2, in which it printed $600 billion out of thin air, has created artificial demand for oil.”
The conditions are combining to create a perfect storm of economic collapse, certainly resulting in the collapse of the U.S. dollar on shear mathematics alone. Those in the mainstream media will tell you otherwise, but we’re telling you from the heart: protect yourself against financial crisis and start buying gold right now.
Now we’re not advocating you exchange your entire cash and investment position into gold, just allocate a small portion to it. And when you take advantage of the KB Gold buying opportunity, you’re using the world’s first and only private gold currency exchange to exchange your cash for gold without any fees whatsoever.
Plus, there’s a business component to KB Gold as well where you can earn when others in your network do the same. (Call these numbers for a quick overview). All the indicators are telling you to do this – you just don’t realize it because of all the noise out there from the many powerful special interest groups and corrupt banking organizations that are actually planning this collapse! Conspiracy theory? Perhaps… but doesn’t it make sense to cover yourself just in case?