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Why Gold? This Man Taught Me Why…
I remember when I first got “The Lesson” from Burt Blumert…
The lesson is simple. It takes two minutes to receive. And it’s easy to understand, but incredibly powerful.
Burt taught me the lesson in his office, just outside of San Francisco…
He started by pulling a handful of dollar bills out of a velvet bag. At first they all looked the same. Then Burt asked me to read out loud the guarantee on each bill. I started with a $20 bill from the 1920s.
The bill said, “This certifies that there have been deposited in the Treasury Twenty Dollars in gold coin payable…
1Apr2009 | Stansberry and Associates | 1 comment | ContinuedGold Investing: Do not follow the herd
I spend a lot of time each year in Alaska. Much of the time I am spinning in circles trolling for salmon or jigging for barn door-sized halibut. Needless to say, when I get home I love to show off pictures of my catch. Bragging rights are the currency anglers use to value their wealth. Lately though, I have had a tough time getting anybody to accept my currency. All they want to hear about is Alaska’s gold.
“I hear there is still a bunch of gold up there,” they inevitably say. “Do you ever find any?”
With the economy convulsing up…
19Mar2008 | Guest Contributor | Comments Off | Continued
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