Riches and honour are with me; yea, durable riches and righteousness. My fruit is better than gold, yea, than fine gold; and my revenue than choice silver.
Proverbs 8:18,19

More Reasons to be Out of the Stock Market and into Gold

July 15, 2002

1. I love it folks, old Bush, he's under fire, Cheney's under fire, the entire administration's under fire. They can't find their assets with two hands and a flashlight.
2. The government's deep in debt.
3. The dollar's collapsing.
4. Gold's rising.
5. The stock market's falling apart.
6. We're ready to start World War III in the Middle East, and they don't even talk about it.
7. The economies in South America are completely falling apart, which will make the Asian contagion pale in comparison because all your tax dollars have been going down there for the last five years to bail them out. It's all been wasted!
8. Over in the Middle East nobody knows what's going on.
9. In Russia they can't find the nukes, but everything's okay because we've got an “economic rebound.” Sure we do.
10. The dollar's collapsing, the euro's at parity—actually it's worth a little more than the dollar today.
11. I'm going to tell you this folks. They're trying to blame this on a “lack of consumer confidence.” There's no recovery. It's a government lie. It's not “consumer confidence.” The scandals are prevalent everywhere. It's not one or fifteen or twenty companies—it's all of them. You want to know why corporations in America, why they cooked the books? Because the stock market's so bad, their losses are so bad they're counting assets from companies that they own—companies that aren't even on the books anymore!
12. All corporations in America, I'm going to tell you this right now, they're all losing money, they aren't making money, and it's getting worse. The sales are dropping. What, do you think—GM's making money? That's why they're coming out with zero percent financing again so they can take some more of their money and lend it out for free. Oh yeah, and in Kansas City just take 25% off of the vehicle price? Is that a recovery? Is that why you do that? No it's not. You know it isn't. The reason the stock market's going down isn't because of lack of consumer confidence folks, it's because American corporations are broke. They're losing money. Like General Motors today—they're not going to be able to pay their pension fund holders. How about that? And you know what? If it's General Motors, the world's biggest corporation, it's all of them. This is why we face the biggest disaster, the biggest dollar crisis that the world has ever seen.
13. Because Social Security's broke.
14. You're broke.
15. The corporations are broke.
16. The government's broke.
17. And we're going right back to 1999. Forget Y2K folks. This is the reason you want to own gold and silver, because the entire world is going bankrupt! Oh yes, but clutch your Cisco. Clutch it tightly with both hands. Hold it calmly like you would that driver [on the tee]. Because the market will come back. They'll do something. The government will do something. Yeah, like they did from 1929 to 1954.
18. We're going to see inflation in this country like you can't believe. Get out of the scam! Get out of the scheme. Stop listening to the liars on TV. Quit listening to the biggest liar of them all—Jorgé [Bush] and his pals. Turn off the Bull Channel [CNBC].
19. The attorneys when they're done with the whole F-R-I-G-G-I-N, friggin deal, there isn't going to be anything left of Wall Street. Nothing left of Wall Street.
20. Oh, and did I forget to add, when all the Boomers go to retire, and they all try to sell what they have—at once. It's a disaster.
21. Gold, I'm sticking to it. Gold will go over five thousand dollars in my lifetime.
22. Silver is going to go over a hundred bucks. Platinum, I don't know. I know it's going to go up, but I can't pick that one. That's what's coming.
23. And you know what? It's going to buy the same amount of stuff it does to day, but you'll be happy you got it. Because if you hold on to dollars—you think the price of a car tripling from 1930 to 1954 is bad, look what the car did from 1954 to 1970. This is the big lie about the stock market. The stock market does not always go up. And it goes down. And if you measure it against inflation, it's one of the worst investments that you can put your money into! And with what's happening today folks, you will never see your money back in your lifetime, in the stock market. Sell the 401K! Quit your job if you have to!
24. Get out of the real estate! Sell it! The real estate collapse is coming next— coming to a neighborhood, near you. You mark my works.
25. Then the banks go under.
26. America folks, is in a crisis.
27. The world is in a crisis.
28. And you're not going to make money in the stock market. Those days are over with.

December 17, 2002

You know in the Middle East, anybody living within striking distance of Saddam Hussein right now is in a state of high alert. Most of those people up there, they're not buying Wall Street stocks, they're not buying mutual funds, and they're certainly not putting their money in the bank. Over there in the Middle East--they're buying gold. As I mentioned China is opening up a gold exchange. They're going to be selling more gold.

Didn't these guys do it great back in '99 with their gold auctions? Didn't it work great? Do you see how they planned this whole deal? They got gold down to the $252 range in the fall of '99, and they bought it all there. The UK had all these auctions. What do you think, that, you know, Ma and Pa Smith were there for an auction--they weren't invited folks, it was all institutions. As I said yesterday, they're setting the stage for the biggest gold rally that we've ever seen.

In the Middle East, they're buying gold. Investment demand for gold right now in the Gulf States there in the Middle East is up thirty percent compared to the last year. In Saudi Arabia, where demand is expected to soar twenty percent just in the fourth quarter alone. The Malaysian prime minister, Mohamed, is pushing ahead with his plan to introduce a gold-backed currency, the gold dinar. We talked about that--read you that article when it came out. That's going to be done by 2003.

In China, as I mentioned here a month or so ago, authorities are launching their gold trading at the new Shanghai gold exchange. Part of a move to end the government's fifty year monopoly on the gold market...and an invitation, folks, to millions of Chinese to buy gold more freely. Demand for gold in China, folks, [is] up 206 tons from the last year. And they expect that to grow by leaps and bounds. These are more reasons for you to get into the gold market.

And you know, as I've said, we sell American Gold Eagles if you want to have them, but stay with the best product. We have tenth ounce, and quarter, and half ounce, and one ounce Gold Eagles. And you can get Krugerrands and Maple Leafs, but stick with what's going to give you privacy. Because eventually, what I feel is going to happen is the government's going to do what they have done on several other occasions, and that's make gold bullion illegal, because the dollar's going to collapse. And since they don't have gold anymore, they're going to need something to back this currency with.

We've talked about this before. We've talked about Patrick Lahey, Senator Lahey's proposal from Vermont, to create that dual-tiered currency system. The only thing that gives currency any value folks is when it's backed with gold and silver--not backed with seven-plus trillion dollars of debt....Let's let the liberals run the gold prices up, but you conservatives out there, you conservative-minded folks, let's get into this thing and let's get it done before the liberals get in and drive the price up just like they did in the '70's and early '80's; because that's what's going to happen.

December 18, 2002

1. The stock market is going to record, the first time in history, that all three indices have been down three years in a row--it's never happened before.
2. We've got the trade deficit, it's at an all-time high, 421 billion dollars, seventeen percent higher than last year, which was a record.
3. We've had the worst release this year of corporate earnings in history--the biggest drop that we've ever seen in history.
4. Along with that we've had record filings of bankruptcies.
5. We've had record home delinquencies on payments of homes.
6. We've got an estimated 157 billion dollars of consumer loans that are going under.
7. Manufacturing's been in about eighteen months of decline. We've lost over a million manufacturing jobs.
8. We had layoffs this year running at a record pace.
9. We have interest rates. Look at the interest rate cuts--another half point cut this year. Since Al Greenspan and the Federal Reserve embarked on this historic record interest rate cutting spree starting in January of last year, the market has continued to go south. That's the first time that's ever happened...since 1930.
10. As I mentioned, Germany, the Middle East, Japan, their economies--not responding. In Japan they have zero interest rate. How low can you go? Zero. In that article that I did back in 1994, "How Low Can We Go? Zero" That's where we'll go.
11. We've got the market capitalization of the stocks right now, if we take a look at the price earnings ratio on the S&P 500 it's historically high. It's so overvalued, at 49 to 1 it's ridiculous.
12. A year ago we'd hear about "Oh, we've got this budget surplus as far as the eye can see," that's not true. According to Senator Hollings we're at a 414 billion dollar shortfall.
13. Along with that we have the majority of the country's county, city, federal, state, municipalities--they're not bringing in the revenues that they should. They're all crying for more money and raising taxes.
14. Social Security and Medicare--they're going broke. Taxes are going to go up, not down.
15. We have some sort...who know what it is, some kind of quasi-war on terrorism. We've got the risk of another terrorist attack hanging over our heads. Who know what that may be?
16. Personal debt, coporate debt, government debt--hitting record highs.
17. You've got South America--you got Venezuela: They've got the strikes down there. The oil prices are rising over $30 a barrel.
18. We've got Indonesia on the verge of economic chaos. We've got Brazil, we've got Venezuela, we've got Peru...folks, this is going on all over...Argentina. Japan's banks are ready to collapse. They're ready to almost default on one and a half trillion dollars of debt.
19. India/Pakistan, they're close to going to war.
20. We've got terrorism in Israel, terrorism in Palestine, terrorism everywhere. If you wonder why gold prices are up, those are just a few of the reasons.
21. The pension funds of America's corporations are broke--they're setting a record for losses. States are losing money. Where does it end, folks?

Prediction History