Tom Jeffries talks to David Morgan about gold, paper gold, silver, inflation and deflation recorded on October 14th 2009
Tom Jeffries talks to David Morgan about gold, paper gold, silver, inflation and deflation recorded on October 14th 2009
Too right! They’re more of a ’safe’ deposit box than a “safety” deposit box. i.e. It’s just a box in a safe. They routinely go missing and are often opened ‘by mistake’!
@dankeewolnir4042 – That’s why I’ve reconsidered owning bars or rounds not printed by the federal mint. Yes to save arguments sake silver is silver, but a bar is a silver hunk of metal and a maple, liberty, junk silver (quarters, dimes) is a hunk of metal with a recognized currency denomination its stamped on it. Chances are a bank or a store will recognize a quarter, dime, 5 dollar silver dollar, but if you show up with 100/oz its just a hunk of steel, if you want money you need a pawn shop.
Why does Bob Chapman attack Lindsay Williams for selling his DVD for $150, when a yearly subscription to the International Forecaster will cost about the same? Bob is pretty amazing though.
Because when banks feel the pinch they will empty your safety deposit box at their convenience and auction off the contents. A bank in California hired contractors and paid them per safe deposit box they found to be “dormant” so needless to say they found hundred to be dormant and auctioned off the contents.
If you do buy gold, be sure & have it tested.
It’s coming out now that much of “gold” is just tungsten with gold-plate.
Don’t buy without testing!
Best get all your money out of US dollars soon, and into Gold or Silver, and FOOD. The people that do this will be the new rich in America soon.
The guy with 50 Million Dollars in the bank will be begging to trade you his Porsche for a bucket of wheat. Of course you will not do this, unless he also has a 1000 gallons of gas to go along with it, and he washes it for you everyday!
Very easy now to survive this, and to become one of the few “rich” with just a few thousand “dollars” now.
You DO NOT need a safety deposit box to store your silver or gold. Keep it as close to you as possible. You can hide it in so many places in your house. Who is going to know unless you are so stupid to tell someone you have gold or silver and where you hide it. Trust yourself and no one else.
did you also notice he said that these things were the big picture and that he had specific time frames for gold price movements and other events. I gather you will need to buy a ‘beautifully packaged DVD’ to find those out as he has not re-appeared on Alex Jones. If he does, and he spills the beans…now that will be impressive.
ewffaces- your right, Bob Chapman is not happy with him…I only heard that yesterday.
please dont put people through that lol… quick run down of what he said. in 2 years you wont recognise america, in 2 years you go to war, in 2 years the american people will be so broke they cant rebel and fight back. it took him 2 hours to say that.
Because the Federal Govt. can give orders to all banks to either freeze safety deposit boxes from being accessed OR they may order a confiscation of PM’s so if you goto your bank and want to access your box they will have a bank officer in the room with you to see what’s in your box and once he see’s it’s PM’s he’ll say Thank You Very Much and take them from you. Possession is 9/10’s of the law, if you don’t have PM’s in your possession do simply risk the possession. Good Luck.
Why should we not store precious metals in a safety deposit boxes?
Hi mate
Have you checked out Lindsay Williams latest scoop on Alex Jones?
Safety deposit boxes are not safe. Store it only where you can get to it in the event of emergency.
Correct and from the start when I bought my first bullion I avoided the scams that even a small child could see through. No third party risk and only bought from sources that I knew that I was getting the real thing and not just a promise. Plus I can get silver under $20 an ounce after shipping!
NO ETF’S =FRAUD=If u can’t hold it=u don’t own it! COMEX=NWO=GLD=SLVD ETF’s
Do NOT store precious metals in bank safety deposit boxes.
great video. I’m waiting for correction in the market which will spur a mini dollar rally and then buy silver.
i agree to an extent, but thats not entirely true. If you buy it now at 1060/oz and next year it were to go down (regardless of what it should do fundamentally-because even before the FED the international bankers controlled the prices) and it went down to 800 next year, you certainly lost purchasing power… but i understand fundamentally it shouldnt do that. It could though because they have always controlled it for their own benefit, and they stole wealth without fiat for centuries.
There is NO RISK when you physically own gold and silver. gold and silver is the only way to invest money with NO RISK. gold and silver is MONEY!!!!!!!!
As good of an assessment of where we stand, financially, as could be presented in lay terms in less than ten minutes. Thanks for the post.
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