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silver and gold real wealth

by William Fencil wealth creation network

Gold and silver have been real money for eons real wealth. I havree friends e been interested in gold for years I lived in a gost town in NM. in the seventys. I learned about mining from an old miner he always had gold dust. he lived in a house in the hills, the hippies did not stay around long but they came through and moved on. I had three frinds we did some panning I had a job and three young chrildren so I did not have as much time to go panning. this lasted for 5 yrs than I moved. I did some prospecting and joined Gold Prospectors  Association.  Many years  I went back and got permision to move 200 cubic yards I though it was an old spanish claim we had 10 claims it did not pan out. I am getting older but still interested in Gold as it is teal money as to paper. I see infilation coming with QE3 and the federal reserve printing money. Ijust saw last week the Goverment wants to mint dollar coins in copper and zinc. Gold and silver will go up in value in the future the FED’s QE3 will stoke the stock market and commodity prices, but in our opinion will hurt the US economy and, by extension, credit quality. Issuing additional currency and depressing interest rates via the purchasing of MBS does little to raise the real GDP of the US, but does reduce the value of the dollar (because of the increase in money supply), and in turn increase the cost of commodities (see the recent rise in the prices of energy, gold, and other commodities). Our curency will depreciate as silver and gold increase with other commodity prices. Food is excelerating in price also. so buying gold and silver coins would be real money hope this helps.
                                                             william j fencil

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About William Fencil Freshman     wealth creation network

12 connections, 0 recommendations, 30 honor points.
Joined APSense since, November 29th, 2010, From deming, United States.

Created on Dec 31st 1969 18:00. Viewed 0 times.

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