Gold Rules Supplement

How much better is it to get wisdom than gold! and to get understanding rather to be chosen than silver!
Proverbs 16:16

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Gold Rules Supplement

The following list was composed by gold and investment expert Jim Cedarstrom of Discount Gold and Silver Trading on his broadcast aired (WBCQ 7.415 MHz shortwave) May 06, 2002. Thanks again Jim.

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

  1. It's what the whole world is turning to right now [yielding the] recent rise in gold prices.
  2. Government debt [escalating the US government debt ceiling to seven trillion dollars].
  3. Higher oil prices.
  4. No recovery.
  5. Unemployment rising—continuing claims hitting 18 year highs, new claims up at eight year highs.
  6. European Central Bank limits gold sales to no more than 400 metric tons per year.
  7. The International Monetary Fund has firmly stated that they do not intend to sell any gold.
  8. The Federal Reserve has made it clear that they never intend to sell gold.
  9. It's the payment of last resort.
  10. And even if you pick all those institutions, all the countries, the IMF, all those who said they will not sell their gold, it's 85 percent of the official gold holdings.

© Ron Harrod, 2002.
This document may be reproduced for non-commercial use only.
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