Thursday, May 08, 2008

Trader Jones on Gold and Silver

Veteran gold and silver trader Jones comments on the need to own gold and silver coins in lieu of paper money:







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"The average American doesn't know what money is, the average Brit, average Aussie, anybody in the west."
...
"... the thing about this money is that it holds its value."
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"... only about 5% is paper money. The rest are computer entries."
...
"... most Americans have never held a gold coin. Don't even know what it is. ... gold. Solid honest money."
...




" ... The Chinese ... in asia are buying gold with both hands. They're accumulating dollars and buying gold."

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Don't expect to later on buy gold and silver when ever you want and in what ever quantities that you want.

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