Core Gold DMMIF

Reason to Own Gold Stocks Like DMM

[Rich12]

The below article summarizes most of the literature I have read about the global economy, especially U.S.   Most articles recommend buying gold, silver, or gold/silver stocks as insurance against bad times.....approx. 20 to 30% of your assets.  This will maintain the puchasing power of your assets.

The Terminally Ill Dollar!

The stock market is in its death throes, and the U.S. dollar will soon be in its death throes, when the Chinese, the Indians, and the Japanese stop buying U.S. paper. Now it seems to be recovering. But that is a temporary phenomenon and eventually the dollar will implode, leaving the world knee-deep in a failed currency, as it has always done throughout history.

Does history always have to repeat itself? No, of course not. But that is the way to bet. All the factors are in place, including a President and a Congress that have no compunction against creating unlimited amounts of dollars and spending them through the banking system. This is sheer madness and makes Obama perhaps the most dangerous president the United States has ever had.

His ignorance of economic principles is monumental, equaled only by his arrogance in pursuing this destructive course.

I'm sorry if you don't like my politics and because I haven't joined the ranks of those who have been infected by Obama-mania. I just hope I will live long enough to see the day when we will return to some level of sanity. But that sanity will not include the recovery of the dollar as a store of value.
Some day we will need a new currency backed by a fixed commodity. I don't know what form it will take, but the market will speak and create a new piece of paper that has some tangible anchoring.

In the meantime, the world as we knew it is dying and the dollar is beginning its death throes, regardless of the current daily price of the dollar versus other currencies. When we get sick, the rest of the world gets pneumonia. We will probably attempt to make the euro the reigning world currency (perhaps even the yen), but that is only a temporary stop-gap.

In the meantime, precious metals are an insurance policy that preserves the value of your assets. You can offset the failure of your paper dollars by putting about a third of your assets into precious metals, preferably silver.

By Howard Ruff
The Ruff Times