The Dollar Decline

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Showing posts with label gold coins. Show all posts

Monday, September 22, 2014

Oklahoma Affirms Gold and Silver as Legal Tender

Unknown 2:00 PM , , , , , , , , , , , , , , No comments :

On June 4, Oklahoma joined Utah, Texas, and Louisiana in affirming that gold and silver coins are (as they always have been under the Constitution) legal tender in the payment of debts in the state. On the surface this seems almost nonsensical: affirming a right that already exists in Article I, Section 10 of the U.S. Constitution. But it is much more than that.
Senate Bill 862, which Oklahoma Governor Mary Fallin signed into law this week, says,
Gold and silver coins issued by the United States government are legal tender in the State of Oklahoma.No person may compel another person to tender or accept gold or silver coins that are issued by the United States government, except as agreed upon by contract.
The new law also exempts all state-level taxes that Oklahoma residents would otherwise have to pay when exchanging gold or silver back into paper money:
For taxable years beginning on or after January 1, 2015, there shall be exempt from Oklahoma taxable income, or in the case of an individual, the Oklahoma adjusted gross income, any amount of net capital gains ... which result from the sale or exchange of gold or silver for another form of legal tender.
All this appears to do is affirm the language from the U.S. Constitution: "No state shall ... make any Thing but gold and silver Coin a Tender in Payment of Debts."
But it does much more. Sean Fieler, Chairman of American Principles in Action, one of the bill’s primary supporters and promoters, came close to explaining why:
I commend the people of Oklahoma, particularly Senator Clarke Jolley and Governor Mary Fallin, for asserting their state’s constitutional right to declare gold and silver legal tender.
With the Federal Reserve actively suppressing interest rates and eroding the purchasing power of the U.S. dollar, it is welcome news to see one more state give its citizens free access to money that holds its value over time.
It’s about options. When citizens become comfortable with using money that retains its value over time, it will mark the beginning of the end of paper currency backed by nothing. This would be the inevitable end point of the process that began on August 15, 1971 when then-President Richard Nixon unilaterally ended the dollar’s convertibility into gold. For the past 43 years the world has been subjected to floating currencies pegged to nothing other than future promises to pay in more paper money. As Ron Paul noted in his book The Case for Gold, first published in 1982,
Under a gold standard, the amount of credit that an economy can support is determined by the economy’s tangible assets, since every credit instrument is ultimately a claim on some tangible asset. But [today’s] government bonds are not backed by tangible wealth [but] only by the government’s promise to pay out of future tax revenues....
In the absence of a gold standard, there is no way to protect savings from confiscation through inflation....
This is the shabby secret of the welfare states’ tirades against gold. [Unlimited] deficit spending is simply a scheme for the hidden confiscation of wealth. Gold stands in the way of this insidious process.
Paul was referring to the "shabby secret" revealed by former Federal Reserve Chairman Alan Greenspan before he was assimilated by the monetary Borg of the Federal Reserve. In July of 1966, Greenspan wrote in Gold and Monetary Freedom about that secret:
In the absence of a gold standard there is no way to protect savings from confiscation through inflation. There is no safe store of value....
If everyone decided, for example, to convert all his [paper] bank deposits to silver [or gold] ... bank deposits would lose their purchasing power and government-created bank credit would be worthless....
This is the shabby secret of the welfare statists’ tirades against gold. Deficit spending is simply a scheme for the “hidden” confiscation of wealth. Gold stands in the way of this insidious process....
If one grasps this, one has no difficulty in understanding the statists’ antagonism toward the gold standard.
That confiscation has been accelerating exponentially since 1971, as seen by clicking here to view price levels in the United States from 1965 through 2013. Once the gold standard was abandoned by Nixon in 1971, the price level in the United States has risen by a factor of six! Put another way, citizens’ paper money has lost almost 80 percent of its value in just 43 years.
That Oklahoma has joined with other states in its affirmation of gold and silver (with still others considering similar measures) could mark the beginning of the end of the paper machine itself — the Federal Reserve. William H. Greene is an economics professor at New York University’s Stern School of Business. While a seemingly unlikely spokesman for the abolition of the Fed, his view of the coming inevitable end of the Fed is remarkable:
Over time, as residents of the state use both Federal Reserve Notes and silver and gold coins, the fact that the coins hold their value more than Federal Reserve Notes do will lead to a “reverse Gresham’s Law” effect, where good money (gold and silver coins) will drive out bad money (Federal Reserve Notes). As this happens, a cascade of events can begin to occur, including ... an influx of banking business from outside the state ... and an eventual outcry against the use of Federal Reserve Notes for any transactions. [Emphasis added.]
This is most encouraging to the Tenth Amendment Center, which noted, "Once things get to that point, Federal Reserve notes would become largely unwanted and irrelevant for ordinary people. Nullifying the Fed on a state-by-state level is what will get us there."
That’s what makes Oklahoma’s affirmation of a right so important. If every state would affirm their rights under Article I, Section 10, the end of the Fed would merely be a matter of time. Federal Reserve Notes would become irrelevant — a relic of a failed statist experiment in organized, sophisticated theft.



Original article

Wednesday, September 10, 2014

Have You Done Your Homework? Class Is Almost In Session...

Unknown 1:36 PM , , , , , , No comments :

TheDollarDecline ©2014-15



Gold Investment Advice - Do Your Homework


Recently there has been a resurgence in investing in gold and other precious medals. Since no one can predict whether or not your investments will go up or down, getting reliable and sound gold investment advice should be step number 1.

Of course, in order to make money on your gold investment you need to buy right. When buying gold you can either buy gold bars or gold coins.



Of course, when it comes to investing your ultimate goal is to make money when you sell, more money than you paid for the gold when you bought it.

To get the most out of your sale you have to consider when and to whom you will sell when the time comes. Will you sell all your gold in one batch or will you sell it off a little here and a little there? The reason you want to consider these issues now is that it can help you figure out what types of gold you should buy.

If you want to sell off your gold over time, you're probably better off buying coins since you can sell one or all of your coins but if you had only gold bars you can't just sell a portion of the gold bar.

Make sure that you consider your exit strategy when buying your gold. The types of coins you buy will have a lot to do with how easy they are to sell as well. All of this will need to be thought about before you start your investing career.






If possible, you should try to find a reputable local dealer. More than likely you will be spending a lot of time investing in gold. It's always a good idea to have someone close to home who you can ask questions of and learn from.

If you either don't have anyone close to home, or you simply don't trust the people you find locally, you can always turn to the internet to find dealers. While it's always important to ensure that the dealers you work with are reputable, it's probably even more important when finding online dealers.

It can be hard to gauge the trustworthiness of someone you can't actually talk to in person. Do a search on Google and look for testimonials. 

Don't ever be afraid to ask for help and ask questions. The best thing you can do for yourself is to take a lot of time to educate yourself. Don't every just turn your money over to a dealer and let them make all the decisions about what type of gold is best for you to invest in. Always be an active partner in your investing.

Investing in gold can be a great way to hedge against certain economic conditions. As with all investing, the amount of success you have will be in direct proportion to the amount of knowledge you have. Take the time to get solid gold investment advice and never be afraid to ask questions.


Here's a great online dealer that allows you to:
  1. Protect Yourself Against Economic Collapse
  2. Ensure Your Families Personal Economy
  3. Get Paid To Help Others Do The Same
  4. Allow You To Ask All The Questions You Like 
  5. Offers Small Minibars That Can Trade For Small Amounts Of Currency Per Bar

Check It Out HERE





Monday, September 8, 2014

ATMs That Spit Out GOLD?!?!

Unknown 12:27 PM , , , , , , No comments :

Yes, its true. In at least two different US Locations, this has been something that the US population has turned a deaf ear to.

Most the United States has NO IDEA how their lives are going to be impacted by gold becoming a standard currency in the very near future. In Las Vegas Nevada, Gold ATMs have been in hotels and casinos for nearly half a decade.

 Now ask yourself:

"What Else Don't I Know About The Economy?"


Let Us Keep You Informed. Enter Your Best Email at the top of this blog and click the RED SUBSCRIBE button.





Wednesday, September 3, 2014

Gold to $11,000 an OUNCE?

Unknown 10:36 AM , , , , , , , , No comments :


On a path to HYPERinflation, Gold will become a base currency to the world. What will you do when the US Dollar is no longer the defining currency of the world?


James Turk has his finger on the pulse of thecurrency markets. He understands the urgency of getting your currency into gold.

 It's about time you do the same. Be informed!



Basic Rules Of Investing In Gold: Gold Buying 101

Unknown 7:47 AM , , , , , , , , , , , , , , No comments :
http://www.karatbars.com/?s=joinusnow 


Here Are Some Helpful Tips On How To Support Yourself By Investing In Gold.


Much of the world recognizes the value embodied by gold. It seems to be a topic that is becoming a more common topic of conversation as economic difficulties continue to arise across the globe. If the surging tide of gold is something you want to understand better, you need to spend some time studying the subject.

The following information will provide you with a solid base of knowledge.

Use caution when buying your gold. Make sure that you are buying from a reputable seller. You can learn who you can trust by searching the Better Business Bureau website and other resources like it. If you attempt to buy your gold through online actions, pay special attention to the seller's history.

You need to know what a karat is. Gold is a soft metal so it must be combined with other metals for durability. Each karat, which is 1/24 pure gold, tells you how much gold is in the alloy compared to other metals. A piece that has less than 10 karats cannot legally be called gold.

Before you buy gold, be sure you know exactly when it will be delivered to you. If the seller does not provide immediate delivery, you must get some kind of writing from them confirming when you can expect to get your pieces. The expected delivery date should be noted somewhere. Proceed with the order only if you get this confirmation.

Take precautions if you mail your items. There are a lot of mail-in services these days, and while they can be convenient, you need to protect yourself. Send the pieces through insured mail, take photographs and know the company's policies in case they lose your gold pieces and you want a settlement.

Be aware of any fees that are attached to the transaction of buying gold. Online purchases come with several types of fees. You may suffer from a markup of as much as ten percent from the dealer. Read all of the fine print to learn about any and all fees that are related to the purchase

Do not fall for the pressure that sellers may put on you. Sales pressure is commonly used when the seller is trying to pull a fast one on you. Always take some time to consider all of your options before investing in gold. This is especially true when buying over the Internet.

Check the prices of golds the day you plan to buy. This information is readily available online. Be aware that it is updated every day. Never pay in excess of 8% markup above the spot price. Anything more is unethical.

When selling your gold, realize that jewelers use a different scale system than others. For example, one ounce of gold will weigh 31.1 grams. Some businesses weigh by the pennyweight, which is 1.555 grams. Then, they purchase by the gram instead of the pennyweight, which can result in them underpaying you.

Gold is widely acknowledge to be a universal conduit through which personal wealth can be funneled, safeguarded and utilized. But, not everybody knows the best methods of maximizing their own market position. Hopefully after reading the above information, you are no longer one of them and are prepared to get the most from gold markets starting now.

Trusted Dealers:

Karatbars
APMEX

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Tuesday, September 2, 2014

Think Social Security Will Save You?

Unknown 8:07 AM , , , , , , , , , , , , No comments :
Think again.

I'm not a person to frequently (if ever) use FOX News as an uber credible source, but many economists agree with this story they broke (at Rick Perry's expense.)



Social Security by definition is a Ponzi scheme that even master swindler Charles Ponzi would feel badly about, Texas Gov. Rick Perry said Sunday, arguing that the federal government should turn over block grants to states to run entitlement programs.
"My children who are in their 20s know that Social Security is a Ponzi scheme," Perry, the new chief of the Republican Governors Association, told "Fox News Sunday." 
"It probably is a program that even makes Mr. Ponzi feel pretty bad if he were still alive. The fact is our children know that the money that they're putting into Medicaid they'll never see. And they need to fix it.
"And it is a Ponzi scheme. I don't know how you would explain it any other way than what you just did. There are fewer people paying into it and our kids are never going to see any benefit from it," Perry said.
Charles Ponzi was an Italian immigrant who defrauded thousands of New England residents by convincing them to invest in a postage stamp speculation scheme in which he promised investors a 50 percent return in 90 days. Though he died in 1949, his name lives on as an expression that refers to any investment scheme in which new investors are required to pay off earlier investors without any of the investments ever seeing the return promised. 
As a scheme, Perry, who recently published a book about decentralizing government, said Social Security, Medicaid and Medicare collectively are $106 trillion of debt because of unfunded liabilities. 
If states were allowed to implement Medicaid, for instance, then the federal government could start having the discussion on how to put Social Security on "better and more solid footing," he said.
Perry, who called states "the laboratories of innovation," said a better system would allow him to take federal block grants to create a cheaper health care delivery system without the federal strings.
"This federalized Washington health care now may not work. Matter of fact, we know it won't work well in Texas," he said. 
Though Texas has one of the lowest tax rates and regulatory structure, and led the states in private sector growth in the past decade, it is potentially facing a $25 billion deficit this year. The state already spends 25 percent of its budget on health care. Furthermore, 25 percent of the population in Texas doesn't have health insurance -- one of the highest rates in the nation. 
But Perry said he thinks he could cut Medicaid spending in half and return $9 billion to the government and cut $6 billion of the state's spending. He said that would also mean leaving the federal government out of the state's governing.
"It's $30 billion a year between the state and the federal government for one year of Medicaid in the state of Texas. We think we can cut that substantially, help our colleagues in Washington, D.C. balance the budget up there," he said.
"Do the things that you're supposed to do like securing our border, like delivering the mail, preferably on time and on Saturdays, before you get involved in things that the Constitution doesn't say one word about, like health care," Perry added.

More Articles On The Subject:


Sunday, August 31, 2014

The Golden Solution: You Should Be Buying Gold

Unknown 12:33 PM , , , , , , , , , , , , , , , No comments :

Here are a few reasons you should buy gold to secure your financial future.






Friday, August 29, 2014

An Article From The Crux - posted August 22nd

Unknown 6:07 AM , , , , , , , , , , , , , , , No comments :

Gold ALERT: The yellow metal is on the verge of a long-term "buy" signal


From Jeff Clark, editor, S&A Short Report: 

Patient gold traders are about to be rewarded.
In May, I told you gold was going higher.
Since my essay, the price of gold hasn’t done anything. Gold is only up around 2% over the past three months. That’s not exactly the big return most gold bulls are looking for.
But last week, I showed you how the “topping” action in the U.S. dollar could soon send the price of gold soaring in the short term.
And we’re likely about to get a “buy” signal from one long-term gold-buying indicator. The last time this indicator flashed “buy,” gold soared 80% in a little more than two years…

Take a look at this long-term monthly chart of gold…
The bottom of the chart shows the Moving Average Convergence Divergence (MACD) momentum indicator. On a short-term basis, the MACD shows overbought and oversold conditions. On a long-term basis, the MACD can be used as a timing indicator.
Without getting too complicated, when the shorter-term black trend line crosses above the longer-term red trend line, we have a “buy” signal. When the black line crosses below the red line, we have a “sell” signal.
The arrows on the chart show you how previous buy and sell signals have worked out in the past.
Keep in mind, this is a MONTHLY chart. So these are long-term buy and sell signals. They point out trends that are likely to last a year or more.
For example, the last buy signal for gold was back in October 2009. The signal lasted for more than two years, and gold rallied from about $1,000 per ounce to more than $1,800 – around an 80% gain – just before the MACD indicator generated a sell signal.
That sell signal has now been in place for 2.5 years. Gold has fallen from $1,800 per ounce to its current price of around $1,300.
But look at the setup on the MACD indicator. The black line is curling up and is on the verge of crossing over the red line. If this happens, it will generate a long-term buy signal for gold – the first long-term buy signal since 2009.
Since this is a monthly chart, all that matters is how the indicator looks at the end of the month. But based on how it looks right now, gold is about to soar.

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