GOLD LIVES ON ANY BANKING CRASH Copyright (c) 2008
Yoring of fishery ways * F journalist * economic analysis
has now come - the financial crash has begun!
The California Mortgage Wholesale Bank Indy Mac
is after panic withdrawals of more than $ 1 billion
in a few days
become insolvent. The U.S. bank insurance fund, it has closed
and taken the lead. . . Other banks such as Hypo
Fannie Mae and others are endangered.
When the Bank for International Settlements (BIS) in Basel, warned in a most unusual way yet mid-June that the quarterly figures in United States Other billion-dollar write-downs and come in a row possible bank failures would have in this country hardly anyone on responding. That even three weeks later one of the major mortgage banks-ends in disaster and an enormous destruction of money causes millions of customers, confirmed the warnings of the BIS / BIS.
remain It is not the only and last crash of a U.S. bank and it will inevitably have an impact on a number of European and German banks, which are of a speculative background in the real estate bubble of the worthless loans were purchased. No one knows but in moment, which open up the dance institute in Germany is.
In principle, this is not matter. It is crucial that all monetary promises such as life insurance, savings plans, deposit accounts and savings accounts, as well as government bonds, bonds, etc. and thereby risk to comply with what is promised can not. We live in exactly the same phase as 1923, when inflation accelerated and incredibly - expressed mathematically - the compounding exponent reality obsolete. Depending on the economy, that's about all 60 - expect to 80 years again. The time is ripe.
The fear for the money that has long been predicted scenario becoming more acute. lack of money and lack confidence of banks to one another is more difficult lending further, the lack of desire to spend will drop the stock price and ultimately do more and more customers pick up their money from the banks. Blessed is he who does this time and not wait until it want to do it all.
But what to do with the money? Under the pillow it will depreciate just as we are on the savings account, insurance policy and on the current account the bank. What should we do?
Convert your total financial value of contracts and policies and bring you cancel those losses. With the acquired cash to buy gold in as small bars (1 gr, 2.5 gr and 5). Gold was for millennia and is still the only daily fixed rate standard, which is accepted by all people of this world for good reasons and remains stable. Each currency that holds no longer the gold standard, according to the principle of compound interest must go sometime in 60-80 years based. Therefore, save your money now before it is too late - you buy gold. WHO HAS GOLD HAS MONEY!
Go but with this request, not the bank, because the will want to retain the gold themselves and sell it at inflated prices . In addition, they must report any gold buying of banking supervision. Finally, the government would know where to find gold in emergency reserves. . .
if you would rather go to a prestigious gold trade that can provide affordable, especially, but your gold outside the U.S. and the EU can keep safe. few gold dealers are able to buy from the mine to transport the valuable cargo safely and hold amounts that can also major investors sleep well, even if the gold price strong attracts.
On 30/06/2008 the London fixing stood at 930.40, on 07/11/2008 already at U.S. $ 963.70 per ounce. experts expect an increase depending on the situation up to 1500 U.S. $ to end of 2008. For approximately 30 years the return prospects for gold investors were not as good.
Copyright © 2008: Yoring of ways
economic analysis, freelance journalist
Der Spaß hat seinen Preis. Wer ca. 6350 Euro für einen Flug von Dubai nach New York u. zurück zah lt, kann die Reise i n einer Privatsuite absolvieren. 
