The gold has climbed to $1328 per ounce, almost six times over one decade. The gold ornaments and jewelry that is very popular amongst the female, particularly in third world countries has already gone beyond the limits of affordable commodities. Now the other precious metal, silver, is also being speculated to go higher and higher.
Surplus money leads to conflicts
Liberate the Humanity from Golden Fetters
We may blame JP Morgan for scamming or not, but the fact remains that the gold is being purchased and hoarded in bulk on the global scale with destructive consequences for the world economy. Reportedly, the financial institutions, the multi national business concerns and even the governments across the globe are involved in this scam.
Money got through oppression leads to fire of hatred
They Also Need Some of Your Money
The under developed countries, particularly from the third world are already facing the financial crunch due to global recession. The poor are becoming poorer and the wealth is being concentrated in fewer hands. The ills like poverty, unemployment, corruption, diseases and illiteracy are rampant in those regions. To add salt on the injuries the international financial institutions are out to exploit their resources what ever is left with them. Now if the 500 dollar silver becomes a reality, it will be the last straw on the back of the camel.
The world powers may be advised to take preventive measures to thwart this catastrophe well in time, for the sake of prosperity and peace.
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The people’s money is SILVER. The fact is we have been conned by fiat money. We should be paid in silver and gold which both have no counter party risk. Central banks who tell you needed them are like mosquitoes saying malaria is good for you. Yes there will some short term pain in removing our debt based money system like the removal of a rotten tooth but it will do us good in the long run