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Reply #38: Here's THE Best Reason for Buying Gold: Lack of Institutional Integrity [View All]

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Yavin4 Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Aug-09-11 12:59 PM
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38. Here's THE Best Reason for Buying Gold: Lack of Institutional Integrity
Societies are built around and depend upon institutions, the government, the banks, the media, colleges and universities, civic organizations, and yes, religious institutions as well. In order for these institutions to properly serve the public, they have to be run by people with the utmost integrity.

Today, we have the polar opposite. Institutional leaders only care about enriching themselves and their small cabal of associates. They don't give a good damn if your 401K tanks, if you lose your home, if you lose your job, or if you don't have health care. They only care about themselves and how to enrich themselves even further.

The hyper greed system that they've created is unsustainable. When hedge fund managers and some bankers make billions of dollars a year even though there's 9% unemployment and no new creation of industries nor technological innovation, then you know that they're doing it by pure manipulation of dollar based assets. They're debasing your savings, your retirement funds, and your jar full of pennies to enrich themselves at your expense.

Your only protection is in precious metals, gold and silver. Gold and silver are the only things that can survive the years of economic turmoil ahead.
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