Gold Business – Has Precious Metals Started the New Wealth Revolution?
Today I learned that India is contemplating the transactions of gold bullion as a form of payment to the nation of Iran for oil and gas supplies rather than utilize banks which are targeted with US sanctions; this is an interesting event which could accelerate the use of precious metals transactions vs. using fiat currencies among nation’s business transactions.
Who can credibly say that gold and silver bullion should only make up 10% and up to 20% of one’s investment portfolio as if stocks and bonds are a sure thing; because in truth nothing has held its value like gold bullion, even if some world currency happens to gain parity with gold bullion would still prove the point, however no current currency will ever gain parity to gold bullion in this world any time soon unless all nations agree to such a currency which by all standards would be a global currency vs. a national one.
And if you are wondering or betting that gold bullion will eventually fade into the background of obscurity as the economic recovery takes hold; you are in for a very turbulent surprise.
It is your responsibility to obtain the best information from all sources; those which you except as credible and those which you do not; why; because substance comes in many forms; and the more information available to you for cross reference; the closer to facts may you arrive at, this is why you must always keep an open mind to information especially specialized information.
Two more signs to keep your eyes and ears open to; and that is components of capital controls in the financial sector, this may include withdrawal limits imposed by banks as well as Governmental policies which seek to regulate and disproportionately tax specific assets like any gold bullion which you may have purchased or even higher taxes on basic essentials for starters.
Currently there is a law which requires anyone who purchases over $600 dollars in gold bullion must fill out a specific tax form based upon the purchase, I find this act highly suspicious being that such procedures are not required when a consumer purchases a $3500 entertainment center or an expensive piece of jewelry etc; so why gold bullion; in short there is a quiet revolution occurring worldwide and it’s not based on guns and bullets but the possession of gold and silver bullion the new wealth makers of this decade make no mistake about this phenomenon.