The Golden Rule
Sep 18, 2010 Political
The Golden Rule is basically, the one who owns the gold makes the rules which might explain why two moron members of Congress will be holding hearings on the gold industry. Henry Waxman and Anthony Weiner (an appropriate name if ever there was one) want companies that sell gold to disclose what the resale value of the gold would be.
The government does not like individuals owning gold. In the 1930s the president signed an Executive Order making it illegal to posses gold after a certain date**. People foolishly turned their gold into the government and they lost a fortune in value. A person who owned 100 ounces of gold back then would have about $2,500 in gold which would be worth about $120,000 today. People were robbed of their future wealth and their possessions by the government.
Now Weiner and Waxman are concerned about the new gold rush. But is their concern for those who are buying the gold and how they might get ripped off or is it for the people who act as spokespersons for the gold companies? There is a fairly long list of conservatives who pitch gold for various companies. Waxman and Weiner do not like that and while they might feign indignation because they are worried the ignorant public is being duped, they really appear to be going after the conservatives who make money hawking ads for gold.
These two morons are also concerned that the people who are selling gold are fear mongers stirring up the public and making the rubes believe that things are worse than they really are. The real problem is that things are worse than they are being portrayed. Gold is the only real hedge against inflation and we will have inflation. The government cannot keep printing money without causing inflation.
Gold is the hedge against that inflation and was one of the precious metals that backed our currency until the government decided not to have our money backed any longer. So it makes sense that people would want to buy it.
So while these two morons ignore the real problems and focus on gold and the people selling it, it might be a good idea if people did what they thought was prudent and ignored these bumbling morons.
If you decide to buy gold just keep in mind that the government will illegally confiscate it if it decides to and if you are not smart enough to keep them from knowing that you have it.
**To make this clear the government made it illegal to own more than $100 worth of gold. Later that was tightened by certain licensing restrictions. People could not move their gold because of the restrictions. History
Cave Canem!
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Tags: confiscation, conservative, gold, lies, waxman, weiner