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THE
ROCKET SCHOOL OF ECONOMICS


Buy Gold Now!!
by Professor von Braun

September 25th, 2000

Well, how about that! What a bunch of you know what (THE LEFTOVERS OF THE BULL'S DINNER) now appears before our very eyes.

The US Government, via the White House, thinks and firmly believes that it can control the entire planet, certainly when it comes to such things as oil prices, gold prices, stock prices, budget surpluses, social security, 401 k plans, T-bills, interest rates, inflation, GDP, other currencies, the British government, the Euro, the ECB, the entire world economy, the planet Mars, the state of New York, Wen Ho Lee, Martin Armstrong, Larry King Live, CNN- the misery channel, the State of Texas, Hollywood, Cuba, the Justice Department, the universe, natural cycles, cigars, the Jews, the Arabs, Israel, water, salmon, the EPA, the environment, wild fires, more wild fires, the Federal Reserve, mutual funds (good luck on that one), the SEC, auditors, faulty tires, more faulty tires, heating oil, faulty genetic Taco shells, Drudge, smoking, gun control, loopy teenagers, more cigars, taxes, more taxes, foreign affairs, naughty dictators, air traffic control, Medicare, the weather, etc. The list could go on and on and on.

Well hang on a minute Slick. Do you really believe that you can free up part of the Strategic Petroleum Reserve(?), and then get it processed through refineries that are already running at 96% capacity? Well golly gosh, have you lost it entirely? Really! You should have talked to Robert Rubin first. He would have told you were firing blanks! Nothing but blanks! You fired blanks directly into that which the world economy is dependent upon the most, at a time when you should have joined Hillary in her campaign to keep you and your cigars firmly under her control and quite simply shut up.

Unbelievable! W.C. Fields where are you? Speak up! Louder! "Would you have bought this for a quarter?" Hell no!

Do you expect the world economy to buy your ridiculous statements? It's a no-brainer Prez, you can't release a "strategic" reserve if there is nowhere to "strategically" process it. And you firmly believe that OPEC is not aware of this? You releasing strategic reserves without strategically processing those reserves is what got you into trouble with Monica, you may recall.

The lies and market manipulations have worked since 1996 but they have annoyed a lot of foreign governments that have suffered as a result. Including the ones that own oil and suffered when oil was under $11 per barrel. Remember?

And what about rising natural gas prices? Do you have a strategic plan for that as well? Eat more beans perhaps?

Well now its time for smart individual investors to seriously contemplate getting the hell out of any investments connected to the paper currencies and buy gold, real gold, the physical metal and take delivery, now.

Never mind stocks, bonds, currencies, paper assets, get hard assets, now!

Stop messing around with uncertainties and buy something that is real. HONEST MONEY. It has never been cheaper.

The complexities that have appeared in financial markets over the last several years cannot be unwound. They can only collapse, bringing about a much larger version of LTCM, the hedge fund that hiccupped in 1998. The only way to avoid that collapse is to get out of the game now, get on the sidelines and hold the Central Banks fallback position, which is gold.

A case could be made that most Central Banks have become hedge funds themselves. Certainly the floating exchange rates we now have, have created the possibility of influence, a temptation that is too great for most, Presidents and Prime Ministers and Treasury Secretaries included. And like most closet addictions, manipulation once started is difficult to stop.

As an individual investor, not one who receives their current economic reports from the snake oil salesmen and woman that appear on CNBC, one needs to be looking at ones portfolio very, very carefully. Financial survival will become a very tricky business, since the game you are playing is rigged and the rigging has to end.

The best way to protect against the coming turmoil is to own an asset that is not somebody's liability. Nor does it disappear overnight, or require a series of complex transactions to maintain its integrity. It is what it is.

The alternative, staying in stocks, or bonds is fraught with peril. Especially if your money is being managed by a mutual fund that is result oriented.

Gold is ending a 20-year bear market and the ending will be volatile. Prices will fluctuate but the opportunity for redeeming your casino chips now as opposed to later has never been better. At present the cashier's cage is wide open and doing business. Why wait for the crowds? An ounce in the hand may well be worth more than two in the Gore...whoops... I mean Bush.


The Prof can be contacted by email at profvonb2@aol.com

Copyright by Professor von Braun. All Rights Reserved. Reprinted at USAGOLD by permission.

Return to the The Gilded Opinion Index Page

The Rocket School of Economics -- The Lecture Series Index

  • 22 May 2009 -- An Often Overlooked Issue!
  • 28 Mar 2009 -- Problematic Banking Systems!
  • 14 Nov 2008 -- What Exactly is an Asset?
  • 23 Aug 2008 -- Through the Looking Glass?
  • 02 Aug 2008 -- Compounding to the Downside!
  • 26 May 2008 -- Back to Basics Again!
  • 31 Mar 2008 -- The Broken Watch -- Part 2.
  • 27 Mar 2008 -- The Broken Watch -- Part 1.
  • 06 Feb 2008 -- The Financial Equivalent of Faulty Towers.
  • 10 Dec 2007 -- Monetary Systems & Productive Assets.
  • 14 Feb 2007 -- Divorced from Reality
  • 06 Sep 2006 -- Gold, Bankers, the Trade Deficit and Unsettled Transactions
  • 19 Jun 2006 -- When is a Reserve Not a Reserve?
  • 31 May 2006 -- The significance of August 15, 1971.
  • 08 Apr 2006 -- Keep Your Eye on the Ball!
  • 30 Mar 2006 -- What came first?
  • 11 Mar 2006 -- An Unanswered Question.
  • 08 Jan 2006 -- Where have all the projects gone!
  • 11 Dec 2005 -- Gorillas, Rising Gold Prices and Depreciating Paper Currencies!
  • 23 Oct 2005 -- Custodial Risk.
  • 16 Sep 2005 -- An Inherent Flaw.
  • 08 Aug 2005 -- Central Banks and 'Reserves'.
  • 31 Jul 2005 -- Central Bankers, Actors and 'We'.
  • 17 Jul 2005 -- Unintended Consequences! -- Part 3.
  • 07 Jul 2005 -- Unintended Consequences! -- Part 2.
  • 25 Jun 2005 -- Unintended Consequences! -- Part 1.
  • 14 Jun 2005 -- The Two Greater Fools Theory.
  • 03 Jun 2005 -- Real Money, Funny Money and YOU -- Part 4.
  • 30 May 2005 -- Real Money, Funny Money and YOU -- Part 3.
  • 26 May 2005 -- Real Money, Funny Money and YOU -- Part 2.
  • 21 May 2005 -- Real Money, Funny Money and YOU -- Part 1.
  • 09 Nov 2002 -- Carrying a Big Stick.
  • 17 Sep 2002 -- Wishful Thinking!
  • 27 Jul 2002 -- Gold Bugs Beware -- part 2.
  • 10 Jun 2002 -- Gold Bugs Beware!
  • 06 Apr 2002 -- Currencies versus Gold.
  • 26 Jan 2002 -- Bear Market Strategies.
  • 01 Jan 2002 -- 2002 -- A Perspective.
  • 20 Oct 2001 -- The Storm Clouds are Gathering.
  • 30 Sep 2001 -- What to Say?
  • 01 Jul 2001 -- ...Said the Fly to the Spider.
  • 14 Jun 2001 -- Upward and Downward!
  • 28 May 2001 -- Volatility Time, Again!
  • 14 May 2001 -- The Coming Bull Market in Gold Stocks?
  • 24 Feb 2001 -- High Hopes, Wishful Thinking & The Absurd
  • 20 Feb 2001 -- Who Put the Holes in the Swiss Cheese?
  • 22 Jan 2001 -- US Dollar Admits Identity Crisis!
  • 16 Jan 2001 -- Dear George W.
  • 24 Nov 2000 -- The Bubble Has Burst
  • 11 Nov 2000 -- The Media, Bull Markets & the Gold Price
  • 02 Nov 2000 -- Gold Stocks
  • 29 Oct 2000 -- Oh The Tangled Web We Weave ...When We Set Out to Deceive
  • 24 Oct 2000 -- A Mystery!
  • 16 Oct 2000 -- A Peso Here ...and a Few Thousand Pesos There
  • 10 Oct 2000 -- The Unfolding
  • 30 Sep 2000 -- What's Wrong with THIS Picture?
  • 25 Sep 2000 -- Buy Gold Now!!
  • 23 Sep 2000 -- The Times, They Are a' Changing
  • 15 Sep 2000 -- Time WILL Tell!
  • 27 Aug 2000 -- SS "Paper Assets" Begins to Take on Water
  • 06 Aug 2000 -- The Indian Summer
  • 26 Jun 2000 -- A Yellow Brick Wall
  • 22 May 2000 -- The King IS Naked
  • 30 Apr 2000 -- Goodbye Yellow Brick Road
  • 18 Apr 2000 -- Beware the Ides of March, April and May
  • 08 Apr 2000 -- Really, Sir Aldot!
  • 25 Mar 2000 -- Where To From Here?
  • 18 Mar 2000 -- The Gnomes of Zurich
  • 12 Mar 2000 -- The "New" Economy??
  • 06 Mar 2000 -- Two Questions
  • 04 Mar 2000 -- Iceberg Dead Ahead!
  • 28 Feb 2000 -- The Wizard of Oz
  • 06 Feb 2000 -- Here We Go Again!!
  • 15 Jan 2000 -- Comments on the Gold Market
  • 29 Dec 1999 -- No Raw Ingredients Required
  • 28 Dec 1999 -- No Way Out
  • 14 Dec 1999 -- Ho, Ho, Ho!
  • 07 Dec 1999 -- Greenspan's Bubble
  • 03 Dec 1999 -- Early Warning Signs


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