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Mafia Raised husband says Don't bank on Gold

I posted this on another thread but it's been bumped down tonight...

my husband is the typical new york italian...grew up raised by mafia family through the 1960's...He has an uncanny sense about the hustle and flow of money...The ability to spot BS a hundred miles away...he has great knowledge of gold, rare coins, guns, cars..and also has a great understanding of the criminal mind, (probably due to being raised around this element..He knows the rackets and numbers etc..

I didn't think he would have an understanding of our current economic situation...i was wrong..he did have a clue and his advice was unwavering..

i approached him this evening about my fears and how to back up our money...i had been reading so much about gold lately and here is what he said.. I asked him about gangs and other things that have been bothering me

The "Gold Rush" had happened before...Many of his associates went for it and he told me this" Anybody doing this is gonna lose...believe me...it's gonna come down and they're gonna bite it." it happened before and it'll happen again". He explained about the gold pimps and middlemen..He explained about the returns..

I was surprised he knew so much...

i questioned him at length about this... He was EXTREMELY pointed...

"What do you want? Huh? You want something that's gonna drop?
If you want something that maintains it's value you gotta go with diamonds.."

Diamonds everybody...

Just thought I'd inject another point of view...




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yes he's a real bright guy.

oh boy what a genius.

I have heard

numerous times that in parts of Africa, diamonds litter the ground just like gravel. I suspect the supply is purposely limited just like oil to artificially drive up prices.

Yes, on the Namibian coast

Yes, on the Namibian coast --- or at least they were decades ago, when large sections of the coast were cordoned off and patrolled, even to the point of mine fields being put in place to keep people out! There is even a book by Danielle Steel (OK, I know, I know, shame on me!) in which the main character sneaks into this stretch of coast and steals a fortune in diamonds, evading the patrols and dogs due to a sudden influx of fog which is actually quite typical for that area. I do believe that all or most of the surface diamonds are now collected and gone, however.

Your husband sounds Stunad! Probably not even Sicilian....lol

Precious Metals...Gold and Silver is where it is at today. Make no mistake about it

In Christ,
Dave

www.lionandlambministry.com
www.lionandlambtv.com
www.lionandlambtv.com/index.php/pages/radio
(Lion and Lamb's NEW Radio Station...listen)
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(Lion and Lamb's NEW TV Station.......watch)

Grace be to you, and peace, from God our Father, and from the Lord Jesus Christ.

In The LORD Jesus Christ;
Dave

"where the Spirit of the LORD is, there is liberty." 2 Cor. 3:17

http://www.lionandlambministry.com

Well, I'm Irish

and I say invest in Guinness. Now, that's a REAL necessity!

Erin go bragh!

Happy St. Patrick's day!

I'm an Irish citizen as well - just wanted to tell you that when I checked online, I found that the Irish passports now have the chip in them like the USA passports...did you know that...were you aware of that?

Thank you for posting

very interesting. My idea is moderation in all things. Some gold, silver, diamonds, toilet paper, canned goods, house, land, gun, etc. There is an old saying don't put all your eggs in one basket, and variety is the spice of life. Peace

Prepare & Share the Message of Freedom through Positive-Peaceful-Activism.

the diamond market was

the diamond market was propped up for so long.......

silver and gold have intrinsic properties that diamonds lack

We are so spoiled with our "civilized ways" that we forget the value in a malleable metal. The have unique medicinal properties as well. I am a hobby herbalist, and I sort of count on that for one of my barterable services should things go badly. If you come to me for help and want to give me a diamond in trade, I will have to say "no thank you." I do not know of anything I need a diamond for, except cutting. As I am not a glass worker, I should not need too many diamond knives. It is my desire to use "currency" ONLY when a fair trade cannot be agreed upon, so even though I might need glass work later and be able to trade the diamond for it, I can take metal to anyone for trade.

Truth exists, and it deserves to be cherished.

Mafia = Government

Wake up yet! Of course their would be a push to save the dollar. It is the biggest con game.

Yeah right, like I could fall victim to Mafia

First of all, I would not associate with someone who practices usery and will easily out think them 10 ways to Sunday. It is hard to hit somebody with a baseball bat when your arms have been sliced off in motion, kick a man who will lever your kick while pounding you at the counter point to bring you to your head, or scurry your bullets with a magnetic field. Start everyone at 0, if you see they practice usery, move away unless it is harmless usery and then see if you can help them have self reliance.

Second of all, for some reason, nobody dislikes me. Even my enemies respect me. This is because they know I love them and I know deep down inside, we are one family.

Third, I understand the enemy place both sides. Swings both ways so to speak. If there is an evil, I also avoid it's opposite which is likely to be evil. Take the current Republican and Democratic parties. If Doctor Paul would not be engaged, you would not find I engaged. Follow the path of your own. Robert Frost was wrong, you can make a new way. A path we will all follow by nature.

"Walls are stronger than the men that defend them."

Khan

"Walls are stronger than the men that defend them."

Ghengis Khan

Also Check this out

Ron Paul during Congress Budget Talks
http://www.youtube.com/watch?v=PoxlzPGIPt4

Previously known as DCALIFANO

Previously known as DCALIFANO

I just wanted to say

That I appreciate your husand's insight, but I am a typical NEW YORK ITALIAN - I was born and raised in Brooklyn and Queens and my family WAS NOT MAFIA.

The Typical Italian family in NYC is not in the Mafia.

Previously known as DCALIFANO

Previously known as DCALIFANO

Yes, maybe if you really know diamonds.

I think a novice could get burned pretty bad though. Speaking of getting burned, did you know that diamonds disappear when subjected to a hot fire? They turn into carbon dioxide. Not only do you lose your house and your diamonds to fire, you have to plant a tree to offset the CO2 you released, LOL!

New Hampshire and Ecuador.

I was watching

Emeril interview the Space Station astronauts the other day.

He asked, "What food do you miss the most?"

They said, "fresh produce!"

When Gold reaches

$3000 oz, you won't be able to sell it.
http://www.bullmarketdata.com/investing/15821.php

"They will throw their gold in the streets"

Invest in flour, corn, canned goods, non-hybrid seeds.

Build a greenhouse if you have the means.

No

You see, the price of gold equals the price people are willing to pay for it. If nobody's buying, the price drops to the point where it *will* sell. So in order for gold to be priced at $3,000/oz. there would have to be people buying it for that amount.

New Hampshire and Ecuador.

wrong

gold is limited dollars are not gold only reflect the declining value of the dollars. its not gold that goes up its the dollars that go down. dont they teach anything in this fucking country. all a bunch of dopes no wonder this country is in a tail spin. who cares there is not enough gold to go around for the simple soul it all in the hands of the wealthy and wise thats why they alway survive.

The rate that the gold price is rising,

and the dollar is dropping, is becoming exponential.

At 3000, gold will become illegal to own except for
the wealthy, or the marked. Mark my words.

ya lets see if you can find mine.

only idiots will turn it in to authorities. ill be out of here before it gets that bad. plenty of places to live on the planet.

I try hard not to say the

I try hard not to say the "S" word but it would be really STUPID to not convert 10% of your savings to gold/silver. Matter of fact, having 10% of your portfolio in gold/silver is STANDARD financial planning advice! The rich and wealthy ALL do it and they DON'T do it for a nice return on investment! They do it as a hedge against inflation and protection against economic catastrophe.

http://www.kitco.com/ind/Turk/turk_mar142008.html

Anybody...

.. who is viewing the advice to buy gold as some kind of investment 90's-style is totally missing the reality of our current situation.

You CANNOT print $500,000,000,000 worth of money in one week while at the same time your country is COMPLETELY bankrupt and have the currency survive. Add on top of this that we are paying for a GLOBAL EMPIRE. It's Bankruptcy++! It is total insanity!

The reason to buy gold and silver now is not some fantastic return on investment. The purpose is to retain at least a portion off the value of your savings when your dollars because completely worthless. If you don't believe currencies can become COMPLETELY AND UTTERLY WORTHLESS then you need to go read some history books. It happens like clockwork.

The reason to buy gold now is so you can buy food, gas, medicine and other essentials when the dollar completely collapses. If you think gold/silver is a bad investment just wait until the only purpose of your dollar bills is light your fireplace and no shop will accept them.

The GDP of the US is $12 trillion. The GDP is all the wealth created in one year. Based on last week we are printing on average $2 trillion of funny money per month!!! In six months we will have printed equivalent of one year of the entire economic output of the US. This CANNOT continue.

The previous record holder for Debt/GDP ratio was the German Wiemar Republic. You know those pictures of people starting their furnaces with stacks of paper bills and the guy with the wheelbarrow full of paper bills in your world history textbook in school? Those were Wiemar Republic people! Guess who is the new Debt/GDP ratio winner? The once mighty USA!

Wake up! Wake up! Wake up people! Dammit wake up! Take 10% of your savings and go buy some gold/silver! Do NOT listen to the people who say it is a bad investment. This is not about being a stock market whiz. This is about learning from history that has repeated itself over and over again.

This is REAL. Go refresh your history lessons here:

http://en.wikipedia.org/wiki/Hyperinflation

=(

you 100 percent right

im a stockbroker and have been loading up since 2001 after 911. my clients couldnt be happier with huge profits in auy hl gg i can go on. most people that dont have these investment are player haters there pissed we are right and they are shot. its amazing they cant see. no bubble here how can a bubble exist when less than 5 percent of the population is invested and the price is up 200 percent. christ my auy is up 750 percent i was buying big positions at 2.75 its now almost 20 dollars. lol these fuckers dont have a clue. you think they would have figure it out by listening to ron paul who understand the game.

Investments are worthless in a world of bare essentials...

Well said - excellent post!

"Whenever I despair, I remember that the way of truth and love has always won. There may be tyrants and murderers, and for a time, they may seem invincible, but in the end, they always fail. Think of it: always"
Gandhi

"Liberty tastes sweetest to those who fight for it, and most bitter to those who work to deny it!"

LearnRonPaul

bravo!!!

I had this surreal moment last night. I have gone from asking Ron Paul supporters to get on the ballot to asking good people, and hoping they would awaken in time, in areas where I cannot find a supporter. My sister was one of those asked, the sister I have been begging for about 2 months to get OUT of the markets, get OUT of the banks, get some metal and some food. Last night while I watched gold bo berserk, I got an email from her expalining that she just did not have time for politics...
I admit, I bought hoping for the big return. I read a similar post earlier, and realized the truth of it. It gave me immunity from typical jitters of markets as they rise and fall. I understand that if my gold is only worth $100 an ounce, at least it is worth something. At that point, what do you think I could get with a dollar bill? :)

Truth exists, and it deserves to be cherished.

That was one of the greatest

That was one of the greatest Daily Paul posts I have ever read. It has been immortalized forever.

Haha!

*blush*

=P

couldn't of said it better

couldn't of said it better myself!

I hope..

... they listen.

=|