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Message: Another World

Another World

posted on Dec 01, 2008 09:16AM




In response to one of my investors....

T, I just got your voice mail about "another world" we are going into. Actually, to those who have studied history (And I think you and I have put in quite a bit of time studying history) it's easily recognized as the same world it has been for a long time. Here's what I make out of this: Within the next three years, the dollar will be significantly devalued. Probably with the next six months there is going to be a default on the Comex. Both of these events will be very bullish for the price of gold and silver. If the government doesn't confiscate our assets, we will do very well. Unfortunately, I see one other inevitable consequence of what our government and people have done over the past generations, and that is war. I believe that within fifteen years we will be at war. There will a depression first of which we, you and I, because of our international holdings, we will not only survive, but thrive. By the time war breaks out, my family and I will hopefully be relocated to S*******d or some such place. During

the hyper-inflationary period in Weimar Germany in the early twenties, those who did the best were those who either owned gold or silver or had an income from a foreign (not devaluing) currency.

Kimber is suffering right now, because of the dollar's rally. But such a rally can only be short-lived in light of what the Federal Reserve is presently doing. In a few years, we will have an income stream coming in Canadian Dollars that we can change into gold and silver or American dollars that have be devalued. Essentially, during a hyper-inflationary collapse, we will do very well with an income in a currency that is not collapsing. We will do fine. A


Dec 01, 2008 09:49AM
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Dec 01, 2008 01:39PM

JBO
Dec 03, 2008 06:32AM
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