Current Market Rates Per Ounce
September 10, 2010 3:01:34 PM PST
| USD $ | CAD $ | |
| Gold (AU): | 1,246.35 | 1,289.47 |
| Silver (AG): | 19.87 | 20.56 |
| Platinum (PT): | 1,536.98 | 1,590.16 |
| Palladium (PD): | 515.30 | 533.13 |
| USD-CAD Exchange Rate: | 1.035 | |
J&M Coin & Jewellery Ltd.
127 East Broadway
Vancouver, BC, V5T 1W1, Canada
Tel: (604) 876-7181
Toll Free Ordering: 1-888-244-9999
Fax: (604) 876-1518
e-Mail: jandm@jandm.com
Web: www.jandm.com
Smart Money is Moving to Tangible Assets
By Joseph Iorio
October 2, 2008
The U.S. government has waged war on commodity buyers -- energy (oil) and precious metals (gold and silver) in particular. Why is the U.S. government telling us we cannot invest in commodities? Why are they interfering?
Who wouldn't want to own commodities when the U.S. banking system is failing, when the U.S. economy is unstable, when the printing of U.S. fiat money continues, and when the US dollar is in decline and losing its position as the world's reserve asset of preference? To be unprepared is to be vulnerable for some very serious lifestyle corrections.
Why would investment funds or individuals not take their money out of a failing market and make safer investments like real property, real money, and real security? Why not be prepared? Why wouldn't you want a real insurance policy? What has happened to the housing market? What will happen to the dollar?
What would happen if even a small number of people who hold gold and silver contracts and certificates redeemed them for real gold and silver? Better yet, what would happen if everyone redeemed them for physical? Why would you trust paper currency or paper anything with the current uncertainty. Just think about it. Do you really think they would be able to deliver? The shortage is real. The demand is real. Remember, many of these failing banks and brokerage firms are supposedly holding your gold and silver and/or are involved in the shorting of metals they do not have.
It's time for the real thing. Think about it. Smart money is moving to tangible assets.
JOSEPH IORIO is the president and owner of J&M Coin & Jewellery Ltd, now celebrating their 41st year in the business. You can contact him at jandm@jandm.com or visit the main company website at www.jandm.com.
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