Folks, there is a reason why for over three months now I have had this statement as a part of the signature on my e-mails. It is this: What if - to put it simply - you couldn't get out of a debt crisis by creating more debt? said by Bill Gross, Managing Director of Pacific Investment Management Company (known as PIMCO), the largest bond fund manager in the world with over $1,000.1 billion in assets under management. That is over $1 trillion! One of his top lieutenants named Anthony Crescenziv recently said that solving a debt problem with more debt accumulation is now being seen as a magic elixir that has morphed into poison and that Time, devaluations and debt restructurings might be the only way out for many nations.
How do you not become involved in the Great Debasement that we are all witnessing? Buy gold! Accumulate physical gold from your precious metals dealer in the form of a small gold coin or coins, rare gold coins and definitely stay on top of today's gold news!