The following link is instructive on what the future holds for gold, silver, and the world economy.
One thing from last night’s State of the Union address is very clear: Obama is not serious about cutting spending and nobody in Washington has any expectation of the U.S. ever returning to a balanced budget. We could easily see $5,000 per ounce gold and $500 per ounce silver, and everybody will regret not loading up as much as possible at these levels we see today.
This is exactly why you need to take advantage of the gold business opportunity available to you from KB Gold. In fact, consider this:
After the U.S. lost 8.36 million jobs over a two year period from December of 2007 through December of 2009, our economy has recovered 1.12 million jobs as a result of the Federal Reserve and U.S. government spending $4.6 trillion on bailouts and stimulus programs.
That is over $4 million spent for each job created. Instead of bailing out Wall Street and allowing non-productive bankers to receive record bonuses, the U.S. could have sent a check for $550,000 to each middle-class American who lost their job.
And there’s more – Here’s a comparison of the USA debt (by year) in BILLIONS:
1970 – 380.9
1980 – $909.0
1990 – $3,206.3
2000 – $5,628.7
2010 – $13,888.0
And here’s the USA Debt owned by the following countries:
China – $846.7 Billion
Japan – $821.0 Billion
Middle East – $223.8 Billion
Brazil – $162.2 Billion
Hong Kong – $135.2 Billion
Russia – $130..9 Billion
Taiwan – $130.5 Billion
These are alarming statistics. And guess what? All 7 creditor countries are now BUYERS of Gold and Silver Bullion! They are turning their dollar interest payments into Bullion. And USA and Europe are printing dollars to make the payments. This is a recipe for DISASTER! Please, folks, we all need to wake up here.
How long can this go on before precious metals REALLY TAKE OFF? The borrower is and always has been, and always will be, servant to the lender! Do as the world’s creditors are doing – exchanging fiat paper currency for precious metals.
For every winner there is a loser. For every loser, there is a winner. Money never disappears, it only changes hands. Be proactive and prosper – because if you don’t and continue to glide along with good intentions, you run the very real risk of getting run over by the financial “meltdown” that is looming AND SURE TO COME!
Here what gold prices have done since 1970:
1970 – $38.90
1975 – $139.29
1985 – $327.00
1990 – $386.20
2000 – $279.11
2005 – $444.74
2009 – $972.35
Today – $1,389.30
2011 – How much will you own?
2012 – How much will you get for free? (explanation here)
Let us leave you with a very clever demonstration in which a student explains a 100 million dollar budget cut. Watch this video and you’ll end up smarter in just a minute and thirty-eight seconds. Please!… do yourself a favor and join our team offering gold backed savings accounts as a hedge against financial crisis.